Your “asking price”, as arrived at by you with the assistance of your broker, is just that; an asking price. It is likely that you will receive offers of less than the asking price. It is also possible to receive offers in excess of the asking price. If you have an interested Purchaser, offers will go back and forth until you have come to a negotiated purchase price. Your deal is not a deal until a contract has been signed.
Table of Contents
- INTRODUCTION
- New York City – The best place in the U.S. To buy
- About New York City
- Why buy property in NYC?
- Why buy now?
- Why is buying better than renting?
- The buying process
- Choose Real Estate professional
- Set price range
- Determine how to pay
- Mortgage Prequalification
- Select price range
- Determine search criteria
- Why are you buying?
- What do you want in your new home?
- Choices
- Review and visit homes
- Search for homes
- Select home
- Offer
- Prepare and present
- Negotiate and accept
- The Legal Stuff
- The negotiation process
- Selecting an attorney
- What is due dilligence?
- The contract
- The mortgage process
- Board approval
- The “walk through”
- The closing
- Estimated closing costs – Coop Purchase
- Estimated closing costs Coop Sale
- Estimated closing costs – Condo Purchase
- Estimated cosing costs – Condo Sale
- Estimated closing costs – New Construction Condo Purchase
- Disclaimer
- Credits
- Glossary of real estate terms
Neighborhoods

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