What You Don’t Know About NYC Real Estate
Not every building requires 20% down, especially in the outer boroughs. In the Bronx, we often see buildings with 10% and 15% minimum down payments (we even know one with NO MINIMUM 😱)
1. Not every building requires 20% down, especially in the outer boroughs. In the Bronx, we often see buildings with 10% and 15% minimum down payments (we even know one with NO MINIMUM 😱)
2. NYC is a HUGE place with a ton of different kinds of communities and housing stock. You can have a sky-high condo overlooking Central Park. You can buy a historic fisherman’s house on City Island. A Victorian in Brooklyn. A house with a yard down the street from the ferry. A brownstone in Harlem. You can have whatever you want (well, whatever you can afford, right? 😂)
3. Co-ops can deny a buyer for any reason and they can legally withhold their reasoning. You can get denied and not know why. That’s why it’s important to work with an agent who’s experienced in co-ops specifically (like us😎😎)
What do you think? Any of these facts surprise you?
