How to buy a co-op or condo apartment in New York City: A comprehensive guide [1]
This guide to buying a co-op or condo apartment in New York City will help you navigate one of the most complicated and expensive real estate markets in the world. In Brick Underground [2]'s typical no-nonsense fashion, we take you through each step of the buying process, including information that many real estate agents may be reluctant to share. Throughout our guide, you'll also find links to dozens of useful Brick Underground articles to further your understanding of the nuances—arcane and strategic—involved in buying a co-op or condo apartment in New York City.
Table of Contents
Deciding between buying a co-op or condo [3]
Downpayment and asset requirements for buying a co-op or condo [4]
Co-ops vs Condos: Lifestyle and other considerations [5]
How to get a mortgage to buy a co-op or condo [6]
The difference between mortgage contingency and funding contingency clauses [7]
Deciding whether to work with a real estate agent when buying an apartment [8]
When to work with a buyer's broker [9]
How to hire a good real estate lawyer [10]
Essential questions to ask about the building before you buy [12]
Guide to attending open houses [13]
How to evaluate an apartment's location in a building [14]
Buying a co-op apartment from the sponsor [15]
A guide to lot-line windows and illegal bedrooms [16]
Common problems with buying new construction [17]
Tips for buying "preconstruction" condo [18]
Getting a mortgage to buy a brand new condo [19]
A guide to buying a condo with property tax abatements [20]
How to negotiate with a developer when buying a condo [21]
How to make a successful offer to buy an apartment [22]
Getting approved by a co-op board [24]
What to expect on closing day [25]
Now, onto the first step of your search: Determining whether you, your finances, and your lifestyle are better suited to a condo or co-op.