Frequently Asked Questions

1. How much you can afford will depend on a variety of factors. The two primary factors are the amount you have for a down payment and your income.

1. On average, the timeline to purchase a property is 90 days from contract signing.

1. The process starts with finding the perfect agent that you feel comfortable with, and has the knowledge and negotiating skills to get you the perfect house at an amazing price! 
2. The actual process looks something like this. Find the perfect home, negotiate, get an accepted offer, sign a contract, get a mortgage commitment, and close! (Sounds like a lot? Give me a call, and I will break it down for you!)

1. An experienced agent will usually sign a buyer representation agreement for 3% of the purchase price .Keep in mind, a top agent will pay for their expertise many times over, by getting a better price or seller concessions etc.  Additionally, in most cases the seller will cover all, if not most of the fee, as an incentive to have agents bring their buyers.

1. Closing costs are an average of 2% - 4% of the final sales price. These include the attorney fees,mortgage recording tax, mansion tax, and assorted filing fees. Co-ops will usually have the lowest fees, and luxury condos the highest. Single family homes fall somewhere in the middle.

1. Yes, please contact me for a list of recommended lenders.

1. You can schedule an appointment HERE.

1. A real estate agent can be invaluable! With their expertise and knowledge, the right agent can guide you through an honest and data driven approach to pricing, and set clear expectations from the beginning.
2. They can and should also advise on any repairs or upgrades that should be made prior to listing. This can include minor things like decluttering, to full home staging, and arranging professional photography and videography. 
3. Creating a marketing plan, including MLS, social media advertising and personalized websites.
4. In short, an experienced agent will hold your hand and guide you through the process, keeping you in the loop and adjusting pricing and marketing as necessary.

1. For Condos you will need building financials and offering plan. For Co-ops, you will also need your original stock certificate and proprietary lease. Your real estate agent and attorney will be able to assist you in obtaining all documentation needed to sell your property.

1. There is no magic ball, and no way to give an exact answer, but an experienced agent can give you an estimate, backed by data of recent sales. 
2. From the time of accepted offer, it takes about 10 days to contract signing, and another 90 days to close.

1. My current record is  6 days to an accepted offer, and that property was sold in 60 days.

1. An experienced agent will usually charge 3% of the sales price. 

1. Closing costs are around 8% of the sales price. This includes the broker commissions, attorney fees, state and local taxes and assorted filing fees.

You can schedule an appointment HERE.