NYC Real Estate Attorney’s Closing Report: March 2017

NYC Real Estate Attorney’s Closing Report: March 2017

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.

Property Value Transaction
401 East 65th Street, NY, NY $419,000 Coop Sale
5 Riverside Drive, NY, NY $4,300,000 Coop Purchase
420 East 51st Street, NY, NY $625,000 Coop Sale
119 Malcolm X Boulevard, BK, NY $1,300,000 House Purchase
105-20 66th Road, Forest Hills, NY $699,000 Coop Purchase
26 Norwood Avenue, BK, NY $775,000 House Purchase
133 Sterling Place, BK, NY $1,728,000 Condo Purchase
435 East 85th Street, NY, NY $420,000 Coop Purchase
 424 West 49th Street, NY, NY $677,060 Condo Sale
200 East 27th Street, NY, NY $435,500 Coop Purchase

From the NY Times: A Guide for First-Time Buyers

The New York Times recently published this handy guide for prospective purchasers who are new to the Real Estate process. It contains some important background, but for more detailed information, we of course recommend keeping in touch with your Real Estate attorney, broker, and mortgage banker.

From the NY Times: A Quick Guide to Mortgages and Financing

The purchase of a home, for most of us, will likely involve a massive commitment of financial resources. The prospect of taking out a mortgage, with its complex process and years of future payments, can be daunting. To this end, the New York Times recently released a series of helpful articles aimed at helping potential first time buyers understand whether taking out a mortgage is advisable,  as well as some of what to expect throughout the process. We thought that we might share those with you here:

Can I Afford to Buy a Home?

How Do I Get a Mortgage?

What Kind of Mortgage Should I Get?

How Do I Get a Good Interest Rate?

How Do Down Payments Work?

What Are Closing Costs?

Of course, there are bound to be further questions down the line. Throughout the process, don’t be afraid to communicate your questions and concerns to your mortgage banker and real estate team.

Some Useful Links For Buyers and Sellers

Are you having a hard time finding resources on Real Estate subjects? We recently compiled a list of useful links for those looking to learn more about real estate processes, laws, and taxes. It includes both municipal resources and other helpful sites, such as Streeteasy and Oasis, a source for detailed community maps. We hope that they can be of use to you!