It's First-Time Buyers Week here at Brick, and while we've got lots of new material coming your way on where to look, what you'll pay, mistakes to avoid, and more, first things first: Let's brush up on the basics.
And for that, we've got our full-service guide, How to Buy a NYC Apartment. Among other essentials, it covers:
- The difference between a co-op and a condo
- What you can expect when working with a real estate broker and a closing lawyer (and why you shouldn't skip on hiring either)
- How to find a building that's the right fit for you
- Tips on negotiating, and putting together your official offer
- What to expect from the board interview
- Extra closing costs to anticipate—in addition to the actual purchase price
It might seem like a lot to take in at once, but take a deep breath, and remember this: Once you leap into owning your own slice of NYC, you'll never have to deal with a random roommate (or a rancorous landlord) ever again. We'd call that well worth the extra effort.