FAQ

Q1: What are the first steps to buying a property in NYC?
A1: The first steps include determining your budget, finding a real estate agent, and (if financing) getting pre-approved for a mortgage.

Q2: How long does it take to sell my property in NYC?
A2: The timeline varies but can range from 1 to 6 months depending on market conditions.

Q3: What questions should I ask when renting an apartment?
A3: Ask about rent, lease terms, and utilities. Ensure you understand all fees involved.

Q4: Are co-ops common in NYC, and how do they differ from condos?
A4: Co-ops are common and usually cheaper but have stricter rules and require board approval. Condos are more flexible but often pricier.

Q5: What is the average commission for selling a home in NYC?
A5: Commissions vary depending on the particular situation. The average commission is around 5-6% of the selling price.

Q6: How can I prepare a tenant for my NYC rental property?
A6: You can run credit checks, require references, and ask for proof of income.

Q7: What are common closing costs for buying a property?
A7: Expect to pay for the loan application, attorney fees, and title insurance. Your agent will prepare you for anything in addition to these.

Q8: Is subletting allowed in most NYC apartments?
A8: Subletting policies vary; always check your lease and consult with both your landlord and your agent.

Please note that these are general questions. For questions about your particular purchase or sale, reach out to me directly.