PARENTS BUY NYC CONDOS FOR CHILDREN MUST READ
Just as this agent notes, we see the same trend in the areas of Silicon Valley where I work, particularly in the top performing school districts such as Palo Alto, West San Jose, Cupertino and Saratoga, Calif.
Of course this is easiest when the buyers purchasing homes are doing so for their adult children. Still many factors come up - will the actual ownership be fully in the parents' names or include the child? Is the child an adult, or is this in trust? Is the money coming from abroad?
Fortunately we have a team in place to help international buyers purchase homes and condos for their children here in Silicon Valley.
PARENTS BUY NYC CONDOS FOR CHILDREN MUST READ
We work with BOTH buyers and sellers who are serious and motivated. Working with buyers, we have a specialized approach so we do not waste any buyers time as many buyers are from out of town and have a limited time frame to locate something. When working with sellers, we have an aggressive marketing approach to ensure the property is received maximum exposure.
One of our special niche with buyers, is Parents Buying a Manhattan New York Condo for children. We recommend all parents to be PREPARED AND PLAN AHEAD, first step is to discuss the funding with the right mortgage consultant/banker, accountant, a knowledgeable Manhattan Real Estate attorney, but first, you should contact us (917)837-8869 to start the conversation early.If Buying all cash, and you are buying a condominium, the quickest we can close would be 45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage. IF Financing this can be much longer.
Mortgage consultant: If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should haveenough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
Accountant: If you are planning to co-purchase the condo with your child, be sure to discuss the possible tax complication you may have with your accountant. Speak to your accountant prior to your purchase can be very helpful.
Manhattan NY Real Estate Attorney: In addition, speak to a local Real Estate attorney will be helpful as well since the local Manhattan Real Estate can also advise you what is the best way to structure the purchase and think about who/how should take the title of the deed.
There are many steps and nuances in Manhattan New York sale that you may not have experience with. It is important to have a professional to look out for your interest.
Many parents who have bought NYC condos with us are always satisfied with our services. You can read about their experiences here: http://manhattannycondosforsale.com/testimonial-past-clients/
Call us today at (917)837-8869 to experience a different level of service NOW.______________________________________________________________
Morgan Evans is a Manhattan New York Real Estate specialist in neighborhoods such as: Greenwich Village, Soho, Union Square, Upper East Side, Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Financial District in Manhattan. Morgan specialize in working with international buyer, high net worth buyers, parents buying for children and investors buyers. Contact him today by calling (917)837-8869.Manhattan NY condos for sale
Dorchester Towers Condo
Gramercy Starck Condo
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