Category: Steps to Buying an NYC Apartment

(Estimated timeframe: 1-2 hours) When you find your ideal New York City apartment, it can be hard to see beyond the superb interior design or spacious rooms. However, potential homebuyers must dig deeper to discover possible hidden issues such as structural damage (water damage, bad construction, etc.) A certified home..Home Inspection

(Estimated Timeframe: 2 – 3 hours) It will finally be time to hand over the remaining closing cost payment and receive the keys to your new home on closing day. But with so many variables in play, it can sometimes take longer. The average timeframe in New York City from..Closing Day

(Estimated Timeframe: 30 – 60 minutes) Best to be done the day before or the day of closing. It is essential to inspect the property before the closing date. Verify that the appliances, faucets, light fixtures, plumbing, and outlets are all working. Make sure the seller has left or is preparing to..Final Walk-Through

(Estimated Timeframe: 1 – 2 weeks after approval by the board) The closing date all depends on the parties involved. Assuming that everything is in order and everyone is eager to close, it can take about one to two weeks to schedule a closing. Your attorney needs to coordinate with..Schedule the Closing

(Estimated Timeframe: 30 – 60 minutes) Most co-op boards meet monthly, and many do not respond in August. Frequently, meetings are in the evening on a weeknight. Understanding common co-op board interview questions asked will help you prepare. Keep in mind that an interview does not guarantee approval. The board..Board Interview – (Co-op Only)