From The New York Times: How to Buy a House

Buying a home, especially in New York City, can often seem like a daunting prospect, and not just because of the price tag! This article from the New York Times Real Estate page might help answer some of your questions about just where to start if you are looking to purchase, and includes some helpful tidbits of advice on finding a home that works for you. After all, the first few steps can sometimes be the hardest.

Once you have taken those steps, however, remember that your Real Estate team is here to help you the rest of the way. Keep in touch with your attorney, banker, and broker, and don’t be afraid to ask questions.

An article was published recently in the New York Times which may be helpful to new purchasers. It outlines the process of “Due Diligence,” or research into a prospective property. This is meant to uncover any potential red flags and confirm that the property is in good physical and financial condition before the contract is finalized.

We often field questions about this subject, and with good reason: once a purchaser has selected a Real Estate attorney, they will begin collecting due diligence, and will be an important resource for any questions about the property. Remember to keep in contact with your attorney throughout this process, and let them know as early as possible if you have any concerns about the property.