A promissory note is the main document to lay out all the terms, conditions, and payment information for the borrower to sign. It is a legally binding promise made by the borrower that they will repay the loan under the said conditions of the promissory note. Parts of the promissory Read more
Budgeting is one of the fastest ways to get to home ownership. Make a budget each month based on how much you earn, how much you can spend, and how much you will save towards buying the home you want. Without a clear monthly budget, you may not be saving Read more
These condominium buyer’s closing cost estimates provide an idea of how much additional funds are needed at the actual closing. The buyer’s attorney will provide a worksheet with numbers closer to the actual cost prior to the closing of the condominium unit. Learn how a buyer rebate can help offset Read more
Buying a condo is very similar to buying a house without the responsibilities of maintaining the exteriors of the house and sidewalks. In addition, you are joining a community with share common areas and amenities. A condo offers more flexibility than a house in that a condo can range from Read more
A buyer rebate can help you save thousands of dollars in a single transaction. Buyer pays $300,000 for home. Purchase price includes 6% commission as written in the listing agreement. 3% to buyers broker is $9,000 3% to listing broker is $9,000 Buyer’s broker pays 2% rebate to buyer – Read more
Location is even more important for home owners than renters. Renters have the flexibility of 1-2 year leases. Buying and owning a home commits you to a location for a few years or more. It is important to know what you want, and not what your friends and family suggest Read more
Get notified instantly via email and push notifications to smartphone devices by setting up saved searches on popular websites/apps such as Zillow, StreetEasy, and MLSLI. When new homes are listed in your selected zip code or area, you will be notified by email or a smartphone alert. Spend a few Read more
Get estimates from several contractors before you decide on who gets the work contract. They are more than happy to provide quotes on the amount of work that you are requesting to be done. The rebate you get back from your real estate agent at closing goes a long way Read more
House hunting is as much a marketing effort than purely a finding process for the buyer. Start by telling your friends and family that you are in the market to buy a home, and describe to them with as much detail of your dream home as possible. This is your Read more
People make money by owning Manhattan real estate. On the other side of the coin, people also lose money by owning Manhattan real estate. Typically, buyers do not plan accordingly for life event changes that may occur within less than 5 years. A great Manhattan studio apartment that was affordable Read more