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Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children

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Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children is one of our specialty, every year around graduation month of May to September, there are many new college university graduates relocating to Manhattan New York to pursue higher education or start their career path.

This past year is no different, many of the Chinese speaking parents travel internationally from China, Hong Kong, Singapore, Taiwan and other Asia locations to attend the graduation of their son and daughter. After the graduation ceremony, the parents along with the newly graduates travel to New York and many contact us to find their first home in Manhattan New York.

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children is one of specialt

Manhattan NY Chinese Real Estate Agent help Parents Buy Condo for Children is one of specialt

As Manhattan NY premier Chinese Mandarin Speaking Real Estate Agents team, we strive ourselves to provide the most comprehensive service to our buyers. Many of our buyers contact us before they arrive to New York, this is most recommended because it helps us to educate the buyers while they are still at home town, we can also advise some steps to prepare for the New York condo search.

Chinese Mandarin Speaking Buyers many times prefer to work with us Manhattan Mandarin Speaking Agents is because we not only speak the same language, we also are extremely culturally aware and savvy what they are looking for based on our years of experiences. We excel at what we do because we understand their needs and concerns when it comes to purchase Real Estate and secure their investment in Manhattan New York.

If you are looking to work with a Chinese Mandarin Speaking Real Estate agent team in Manhattan New York, contact us today at (646)644-6929 or Email us with your specific criteria at http://chinesemandarinrealestateagentnyc.com/contact-me/

 

Chinese Mandarin Speaking Real Estate broker EILEEN HSU help Parents buy for Children

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Chinese Mandarin Speaking Real Estate brokers help Parents buy for Children

 
We are a team of Bilingual Mandarin Chinese Real Estate brokers in Manhattan New York help parents buy condos adult children who go to school or work here. 

Chinese Speaking Real Estate Broker EILEEN HSU with her mother

Chinese Speaking Real Estate Broker EILEEN HSU with her mother

Our Chinese buyers are from both United States and international countries such as Taiwan, China, Hong Kong, Singapore, Malaysia, Indonesia and Canada, their main reason of buying is because their young adult children work in Manhattan New York or go to University in New York and instead of renting, culturally we believe it is better to own than pay rent.
 
As Chinese Real Estate brokers specialize in Parents buying NYC condos for Children, we facilitate the home search in many aspects, we bridge the culture difference by being Asian Americans ourselves and understand many fundamental of Asian beliefs and house hunting basic requirements, we help parents understand the complexity of Manhattan Real Estate market place by providing a comprehensive overview and basic market knowledge.  
 
Direct and clear communication is essential when working as Mandarin Chinese Real Estate brokers with Chinese buyers. Once we understand what our buyers parents buy condo for children are looking for, we will make our recommendation and suggestions based on their criteria. We will recommend the type of housing product, neighborhood, buildings that will work best for their needs, and connect them with trusted advisers such as accountants, lawyers, financial planners and etc to ensure their purchase is well and sound.
 
If you are a parent looking to buy condo in NYC and would like to work with a team of successful Mandarin Chinese speaking brokers in New York city, contact us today by email or call (646)644-6929 and we will reply to you promptly. 

Are you a parent looking to buy a NYC condo for your son or daughter?

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Are you a parent looking to buy a NYC condo for your son or daughter?

One of our expertise as Manhattan condo agents is to educate buyers who are parents looking for a suitable condo for their son or daughter that is currently living in Manhattan New York.

Manhattan New York is a vibrant city, the Real Estate market is one of the kind, unique unlike any other parts of the country or world. Many of our buyers who are parents, they have purchased their home in other places but their previous Real Estate experiences are almost irrelevant when it comes to buying in Manhattan New York.

As parents, you want the best for your young son or daughter, find a suitable condo in a safe and convenient location is the one of our top priority. In addition, we understand your Real Estate purchase is also serving as a long term Real Estate investment, hence it is absolutely beneficial for you to work with us who have extensive experiences working in finding the right property that will meet all of your criteria.

We have work with parents who have young adult son or daughter that go to Columbia University, Fordham Law School, New York University, Stern, Parsons school of design, School of Visual Arts, music school and other well known schools. We also have parents buying for their young professional son or daughter who recently relocate to NYC working for different companies.

Each buyer have very specific and different criterias as we can discuss that when we are on the telephone. Here are few key steps to prepare and understand before your home search

  • Time frame – is your son or daughter current renting an apartment? This is important to know so you can plan ahead.
  • 45 days to 60 days IF YOU PLAN ON PURCHASE IT ALL CASH, cash means money in your bank account, this does NOT include any offshore financing or creative financing. (this does not include New development or new construction buildings. If new buildings, it can be much longer depending on the building, or it can be quick) Typically, the quickest we can close would be 45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage.
  • 60 days or LONGER if FINANCING: If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
  • Result Oriented and Diligent Real Estate Agent: We are the market experts to educate you the housing market. Based on our detail discussion when you contact us, we will then customize a home search for you and plan all the necessary steps ahead prior to your trip to NYC. You can read about our other Happy Buyers’ Testimonials about us here: (https://manhattannycondosforsale.com/testimonial-past-clients/)
To avoid any delay or issues during your home search for your son and daughter, it is advantageous for you to team up with agents who have the experience to ensure a smooth process. You may have purchase homes in your home state or country before, but Manhattan New York is a very unique market, and Real Estate is local so it will benefit you as a buyer to best prepare so you do not waste anytime if you plan to visit NYC and identify a property for your son or daughter, call us today to plan this purchase today.

Smart and savvy buyers work with agents like ourselves, contact us today at (917)837-8869 to experience result oriented agents.

How much down payment does Foreign Buyer need to buy One Bedroom condo in Manhattan New York

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How much down payment does Foreign Buyer need to buy One Bedroom condo?

There is no clear cut answer to how much down payment a foreign buyer will need.

Through our many successful experiences helping foreign buyers, we can provide you some ideas as to what to expect if youare thinking about financing or obtaining mortgage in the United States.

If you are a foreigner national thinking of buying in Manhattan and want to obtain financing by US bank, you will need to prepare many documents and substantial amount of down payment in order to satisfy bank’s requirement and qualification.
On various property websites, perhaps you see Manhattan condominium buildings only require a 10%

down payment. Keep in mind that 10% is what each condo requires, but each bank will require much down payment more depending on each of your situation. Here are some different factor that will determine how much down payment is required:

  • How much is the loan amount (the money you want to borrow from the bank)
  • Different Type of Loan
  • Your financial profile ( you may have to provide your home country bank information so the US bank can verify your assets or possibly ask you to open up a US bank account)
  • The building you are interested in (US bank will evaluate each condo building and decide if the bank would want to lend in that building.)

It is in our experience that unless you have started the loan application, the bank will not be able to provide you their approximate estimation for the down payment, but usually the down payment is minimum 30% of the purchase price of the condo.

Many of our foreign international buyers put down payment 30% to start, sometimes up to 50%, it will really depend on the factors we mentioned above.

If you are thinking of buying a $1,000,000 condo in Manhattan New York, your down payment is going have to be at least $300,000. (this does not include your other closing cost of a condo)

Many foreign international buyers are not familiar buying in Manhattan New York, we helped them through the buying process and everything they need to know about the market and how Manhattan New York works here. If you are thinking of buying Manhattan condo, call us today (917)837-8869, or email us so we can talk about what you need to prepare before your trip to NYC.

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Mandarin Chinese Real Estate Agent NYC-Eileen Hsu

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I am a bilingual, Mandarin-Chinese speaking Real Estate agents here in Manhattan New York, I have worked with many international students in Manhattan New York in buying their NYC condo during their study or work duration in Manhattan New York. Before we begin home search, I make sure that both the parents and the children has a good general idea about the local Real Estate market, purchase procedure and the help them find the most suitable condo for their needs.

We work with many parents buying for children in Manhattan New York, not just Chinese buyers. Whether if you are looking for a Mandarin Speaking agent or NYC Condo agents that have experiences helping parents Buying a Manhattan New York Condo for children, we are the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze.

It is common that many of parents we have work with have purchased properties in other parts of the world or United States, but keep in mind that Real Estate is unique and local, each area has their own set of procedures when it comes to buying Real Estate.  Understanding the local market with the market expert can maximize your investment goal and eliminate any possible issues that may occur.

We thoroughly explain the process and prepare our buyers before begin home search, we have a team of attorneys, accountants, financial advisers and/or other parties to assist the purchase. If you are looking to have a smooth Manhattan Condo purchase, we can help. contact us now at (646)644-6929.下面是其他重要的文章中的信息:

Parents Buying NYC condos near NYU- New York University

International students’ parents buy Manhattan NYC Condos

曼哈頓交易問與答:怎麼在紐約房地產界出價?

曼哈頓交易問與答：誰能幫我維修公寓？

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大家好, 我是Eileen Hsu 許雅嵐, 你也可以稱呼 我Eileen. 我是在曼哈頓做地產的經紀人 (Chinese Speaking Real Estate Agent). 今天我們談一談父母親幫孩子買房子有什麼幾點要注意的.

第 一點是, 紐約這邊的房員有百分之八十五是合作公寓, 如果您在網上看到的話就是叫做coop. 另外一種是condo. 那condo是什麼呢? Condo的話,就是有產權的房子. 有產權的房子對我們華人來講是比較方便的, 因為可以自由的出租或者說是轉賣, 不需要委員會的同意或者批准, 只是有些表格要填, 讓他們通過而已. 那如果我們今天要來買房子, 幫孩子買, 大部分的華人是買condo的. 因為這樣子如果孩子以後就職在別州或者是離開紐約, 可以當作一個投資的機會來出租.

還 有,第二點是時間上的關係, 如果說今天您是, 現金買 成交最快也是要四十五到六十天, 四十五天是最快的, 如果你們今天錢已經準備好了在銀行在美國的戶頭. 如果說今天是要貸款, 貸款的話時間就不能掌握了! 因為現在紐約貸款是非常非常的麻煩, 除了貸款人自己要有資格, 第二點銀行還要審核每棟樓,每棟樓都要經過銀行的同意,或者是批准才能借錢. 像過去兩三年前,  只要是您要借款, 你要借錢 ,銀行就願意借給你.

今天您如果要在這裡投資, 或著說幫孩子買房子, 請您跟我來電, 我們可以詳細的談, 我的電話是646-644-6929. 也可以麻煩您打個 e-mail 給我 我會馬上給你們回電好嗎 謝謝!

Foreign Nationals Financing in New York city

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If you are an international buyer, foreign national looking to purchase investment condo or property in New York city, now there may be financing option available to you. The borrower should meet the following requirement in order to qualify. This is offer (updated on October, 2011) through Douglas Elliman Capital Mortgage company.

Below are basic requirements, each borrower will have very specific list based on individual:

  • $450,000 minimum loan amount, $3,000,000+ maximum loan amount 40% minimum down payment
  • 18-60 months post closing reserves are required, depending on loan amount
  • Borrower must establish an escrow account equal to 9 months PITI
  • Borrower must establish a second account designated for automatic loan payments
  • Income documentation required
  • Eligible property types include co-ops, condos, single family homes
  • Title may be held in the name of a corporation
  • 75 day rate lock
This means the minimum sales price of the property will be about $750,000 or more. Most of the Manhattan New York housing products are eligible for this program, and as many of our Foreign international buyers, they prefer to held title in limited liability corporation (LLC) which this is possible too.

**WE ARE NOT MORTGAGE BROKERS**, we are Real Estate agents that are have successful experiences working with foreign international buyers in Manhattan New York. We work with mortgage professionals that can provide financing for you if you are seeking financing. Call us today (917)837-8869 to discuss your Manhattan New York Real Estate purchase.


Here are more helpful articles for Foreign nationals buying in Manhattan New York:

  1. Can Foreign international buyer buy a Manhattan NYC condo?
  2. Foreign Buyer Frequent Asked Questions
  3. Use Local Expert for you Manhattan New York condo purchase
  4. How to determine a good Manhattan New York condo investment

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Central Park South Condominium Market Report for September 2011

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Central Park South Condominium Market Report for September 2011

This CPS market report is going to contain the current availabilities for 2 bedroom and larger condominium apartments for sale on Central Park South. Central Park South is located on 59th Street from 5th Avenue on the East to 8th Avenue on the West. There are a variety of reasons that make Central Park South condos some of the most desirable real estate in all of Manhattan but in my opinion the commanding views of Central Park could be the most desirable feature.

From Central Park South you see both the city views of both the Upper West Side and Upper East Side along with an unparalleled view of Central Park right in front of you.

There are not that many condominium buildings along Central Park South, just a handful, including 110 Central Park South, 100 Central Park South, 106 Central Park South, 160 Central Park South.  You also have the Plaza Residences at the corner of 5th Avenue and Central Park South.

The two bedroom and larger market ranges in price from $24,000,000 for a 5 bedroom apartment for sale at 110 Central Park South to $1,500,000 2 bedroom condominium for sale at 160 Central Park South.  Other than size the most important feature of the apartment that will determine price is going to be view.  Even though you buy a condominium in a building located right on Central Park South does not mean that you will have a view of Central Park from your apartment.  The price difference for the same size apartment in the same building with and without Central Park views can be quite dramatic.  There is only so much frontage in any building for Central Park views and ultimately some apartments will not have the Central Park exposure.  Even the apartments with Central Park views will be configured in a way that typically the living room and dining room’s will have the Central Park Views and the bedrooms will be facing the back of the building.  There are some apartments that will have Master Bedrooms facing the Park and those apartments will be quite rare and in a higher price point.

Another important characteristic of living in a Central Park South condominium is that the views from the back of the building facing South will typically not be an open city skyline view unless you are on a higher floor, possibly 15 or higher(different for every building).  So the bedroom views could be of the back of another building.

The two (2) bedroom market for a Central Park South condominium for sale ranges in price from $9,000,000 – $2,000,000. But expect the average price range to be in the $3,000,000-$4,000,000 range if you want a Central Park view.  Right now there are approximately One Dozen, Two (2) bedroom apartments for sale on Central Park South.

The three (3) bedroom market for a Central Park South Condominium for sale ranges in price from $5,000,000 – $9,700,000. There are six, Three (3) bedroom condos for sale right now on Central Park South.  Typically the larger the apartment the more likelihood it faces Central Park, but not 100% of the time.

The four (4) to five (5) bedroom market for a Central Park South Condominium for sale ranges in price of $8,000,000- $20,000,000. This size of apartment can range in price very dramatically as you start to look at Penthouse apartments, duplexes,  or combination apartments with sizes that can be 3,000-5,000 sq ft.  If you are looking for an apartment this size, it’s best to have the specific characteristics you are looking for ready so we can discuss what is currently on the market, or available in other notable buildings in the area.

Overall Central Park South condominiums for sale is going to offer some of the best Central Park views, access to shopping and restaurants and the services and amenities of a 5 star hotel.  If you are looking to purchase, rent or sell your Central Park South apartment contact me today at (917) 837-8869 and we can discuss privately what it is that you are looking for.  Your specific criteria will be discussed and we can talk about your apartment options for your very own Central Park South Condominium residence.

Once again, to call me at (917) 837-8869 or email us.

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Use Local Experts for your Manhattan New York condo purchase

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Manhattan New York is an international city, we work with both buyers and sellers are from another state or country. In a typical Manhattan Real Estate transaction, there are many parties involved in a transaction: 2 or more attorneys, 2 Real Estate agents, Buyers and sellers, Title company, Mortgage professionals, and etc. At the closing table, often there are almost 10 people attending one closing.

In many occasions, our sellers or buyers often have previous work or business contacts that they prefer to use from another part of the world, country or even state (sometimes, it is a family relative, friend, or someone referred by someone they know.)

CAUTION! Every local Real Estate market has its own rules, laws and policies, by using the local experts, it will benefit you as the buyer or seller to have the most smooth transaction without stress or unexpected obstacles.

In a Real Estate transaction in Manhattan New York, below two are the key experts that you absolutely should use an local expert.

  • Attorney – PLEASE use a Manhattan New York based REAL ESTATE attorney (this means not just any attorney can do the job, Real Estate attorney that is currently practice in New York is a must) that is familiarize with the type of property you are purchasing. Whether is condo or co-op or townhouse, be sure they have a stellar reputation and track record in representing clients. Many buyers use the amount of fee the attorney charge as a way to chose the attorney, it is good to be frugal, but their track record should be the most important thing and not the fee they charge. A good attorney can minimize your risk in the transaction, protect you from many unknown.
  • Mortgage Consultants – Buying in Manhattan New York is unique and very different than buying in any other state, county, or country. Mortgage consultants who has experiences working in Manhattan New York market will know how to navigate through the co-op or condo management to obtain the information they need in order to push your application through. They will also have a keen sense of the deadline in the contract and work with the Real Estate agents to get the coop or condo board package together.
  • Real Estate agents – As Active and full time Real Estate agents, we pride ourselves in working efficiently with our buyers and sellers to maximize their Manhattan investment. When working with buyers, we discuss the overall goals and timeframe, explaining the different housing inventory and expected price range, recommend appropriate mortgage consultant, accountant, attorneys(if needed), select the best suited property, negotiate essential terms for the buyer, facilitate the contract signing, working on condo/coop application, final walk through checklist, and eventual success sale. When working with sellers, our interest is always to maximize the seller’s profit in the most current market, set the price ahead of the market, creative and aggressively market the property, qualify buyers and negotiate favorable terms for the seller and facilitate the sale to closing table. To benefit your purchase or sale of your property, call us at 917 837 8869 so we can discuss strategies in detail.
Call us today (917)837-8869 to find your perfect Manhattan New York investment.
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How to Rent an Apartment in Manhattan New York (CHECKLIST)

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We work with many international and out of town clients who often prefers to rent before they purchase so they can understand and familiarize themselves with the neighborhood better before making a purchase commitment. To rent an apartment in Manhattan, the application process can be longer and different than the rest of the country or world, so please follow our step by step guide to better prepare yourself.

Here is the check list before you start searching for the apartment:

  1. Organize and prepare the necessary documents to bring with you, including:
    • Letter of employment and salary verification (include start date if not yet employed)
    • Bank account numbers (checking and savings), credit card numbers
    • Names, addresses and phone numbers of previous landlords
    • Names, addresses and phone numbers of accountant and attorney, if applicable
    • Names, addresses and phone numbers of personal and business references
    • Tax returns- previous three years will be ideal
    • Pay stubs
    • Expected bonus (verification from employer)
    • Additional sources of income with verification
    • Personal identification with photograph – driver’s license or passport
  2. If relocating, prepare the necessary funds before coming to New York. Landlords will not accept personal or out-of-state checks. They require certified funds. Anyone renting or relocating must:
    • Establish a New York bank account before you begin your search. If this is not possible, bring the necessary funds with you.
    • Bring enough traveler’s checks to cover the cost of two (2) month’s rent (which must be converted into CERTIFIED CHECKS). This comprises the first month’s rent and one (1) month’s security deposit.
    • Bring funds to cover the broker’s fees if your company is not paying covering that expense. Majority of the time, Brokerage fees are paid by the tenant in New York City. These fees are due upon signing of the lease unless your employer is paying the real estate commission for which they will be billed directly.
    • Bring funds to cover a Credit Check: $50-$100+, can be credit card, it varies.
    • Bring funds to cover possible move-in/move-out fees (See Co-op/Condo Funds Needed).
  3. Contact us (917)837-8869 to discuss what your criteria is and your availability. The rental apartments turn over is very fast, so having a good plan is the key to secure the apartment you want.
  4. When you have made your apartment selection, you will be asked to fill out a rental application and one or more miscellaneous documents. We will negotiate price and lease terms for you. Upon acceptance, a credit report will be done, and your references will be checked.
  5. Leases will be signed and checks presented.

Read our other helpful blogs:

Contact us today at (917)837-8869 to find your perfect apartment. Or email us for a quick response.

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Foreign Buyer Specialists for Manhattan New York Real Estate

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Here are some very useful information about buying Manhattan New York condos:

Other Manhattan New York Frequent Asked Questions:

If you do not see your question being answer in any of our blog articles, call us directly (917)837-8869 or email us (https://manhattannycondosforsale.com/contact/) and we will reply promptly.

5 BIG tips for Parents Buying for Children in Manhattan New York

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We are Manhattan Condo Specialists, we work many buyers in our market place that are out of town parents buying condo for their son or daughter that are in New York or moving to New York for either school or work. If you are a parent looking to buy a property for your son or daughter, not sure where to start, here are 5 big tips for you:

  1. Buying a Manhattan New York Condo as parents buying for children, you should understand your budget and timeframe to start. We work with many parents who are buying for their son/daughter that goes to New York University, Parsons school of design, School of Visual Arts, Columbia University, Jillards music school and other well known schools here in Manhattan New York. Is this for your son or daughter that is currently working in Manhattan? Do they have a job stability or financial freedom? Are they currently renting and lease may be expiring soon or month to month arrangement? It is important for us to know the reason and timeframe so we can narrow down the search for you. Buying in Manhattan New York is very different than the rest of the country or world, once we identify the property, it will take some time to actually close on the property.
  2. Manhattan New York is a unique market where about 85% of the housing products are ‘cooperatives’ and 15% are condominiums. Each building has different rules and guidelines, as parents buying for children, not every cooperative will accept this type of scenario since all sales are subject to board of directors review and interview. Even if it is an all cash purchase, cooperative still review and decide if the perspective buyer fits the building’s profile. Condominiums are essential real property, therefore, the board of directors will review the perspective buyer as a formality but no interview.
  3. If Buying all cash, and you are buying a condominium, the quickest we can close would be 45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage.  Mortgage consultant: If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
  4. Making offer and offer acceptance – Unlike other parts of the country or world, when a buyer makes an offer on a property here in New York, the offer is made through us, the Real Estate agents and the buyers do not sign any contracts or purchase agreement nor any earnest money when making an offer. Buyers and sellers agreed on the price and then both parties enter into attorney contract review period. With that being said, until both buyers and sellers sign the contract and the 10% deposit is clear, the property is NOT off the market and there is NO BINDING CONTRACT. This means if sellers receive a higher or better offer prior to they sign contract, they can change their mind.
  5. Neighborhood safety – this is the #1 concerns for many of our parents buying for children buyers. In Manhattan New York, this is a city where many of the people work or social until late past 9pm or after, most of the Manhattan Streets are very safe to walk around and pedestrians friendly, this is truely a city that never sleeps! We encourage our buyers to walk around the neighborhoods in different time of the day or week to see if they feel comfortable living in that neighborhood. Many of the Manhattan New York buildings are also doorman buildings, so if possible, it will be a good idea to look buying in a full time doorman building.

As parents buying for children in Manhattan New York, we have successful experiences that can guide you through this process and navigate through the Manhattan Real Estate maze. contact us now at (917)837-8869.

Here are some very useful information about buying Manhattan New York condos:

Other Manhattan New York Frequent Asked Questions:

If you do not see your question being answer in any of our blog articles, call us directly (917)837-8869 or email us (https://manhattannycondosforsale.com/contact/) and we will reply promptly.

Manhattan NY Condos FAQ: How can I buy NYC condo as First Time Investor?

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Learn How to Buy a Manhattan New York Condo as first time investor. We are Manhattan Condo Specialists, we help finding suitable condos for first time investors, first time home buyers, parent buying for children and foreigner buying in Manhattan New York.

Buying a Manhattan New York Condo as first time investor you should have a clear goal of what you plan to achieve in this investment. Is this a 5 year Real Estate plan or 10 year Real Estate plan? Why do you feel is the time to invest? Are you going to have a tenant in place the entire duration or only part of the time. Have you discuss this with your accountant to understand how to structure this transaction to recieve the most tax benefits or possible tax complications?

Buying a Manhattan New York Condo as first time investor, you should ‘play it safe’, do not over leverage yourself. If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to alocal Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you. We can recommend you a reliable and knowledgeable Manhattan mortgage consultant or You may have a bank that you are currently banking at, you can ask them to refer you a Manhattan branch mortgage banker as well. As an investor, the mortgage interest rate will be slightly higher than others, it is important to keep that in mind when figuring out your monthly expenses.

Buying a Manhattan New York Condo as first time investor, team up with us, the experienced Manhattan Condo specialists that can guide you through this process and navigate through the Manhattan Real Estate maze. Whether you are a first time Real Estate investor, or an investor that have bought and sold multiple properties in other parts of United States or country, we can help.  Understanding the local market with the market expert can maximize your investment and avoid any possible problems down the rule. Many of our past clients are first time investors, they have bought many Manhattan condos under our guidance and continue to do so because we have developed a Real Estate plan for them. If this is something you are interested in, contact us now at (917)837-8869.

Or contact us:

https://manhattannycondosforsale.com/contact/

Manhattan New York condo buyers frequent asked questions: