Most people, when considering an apartment building, believe that you can only rent. While most apartment buildings are for renting purposes only, many high-end apartments in New York City are for sale. Choosing the right one can be difficult since there are many options from which to choose.
Prepare
The best thing you can do is get pre-approval for a loan. You know you’re going to need one, and it shows others that you’re serious. It also helps you decide how much you can afford and makes you look better than other potential applicants.
However, you must also use it to your advantage. You’ll get a conditional agreement from the lender, in writing. This shows potential building managers that you are just moments away from getting your mortgage when you find a suitable living arrangement, which can be used to bargain.
Research/Search
Whether you choose to seek apartments for sale in New York City on your own or want to employ the help of a real estate agent, you must actively search for the right options. While price is always a concern, you should also focus on what’s available in the building, what the neighborhood is like, what amenities or services are offered and more. If possible, plan a time to visit the building and walk the neighborhood. Does it have enough shopping and entertainment? Do they have grocery stores and dining options nearby? Is it close to work or do they have subway stations close to the property?
All of these questions will help ensure that you find the right apartment for you and your needs. You may also want to find out about schools if you have or will have children, find out if pets are allowed, and much more before making a final decision.
