Buyers · Good to Know
Buyer FAQ
Answers to the questions Bronx and NYC buyers ask us most. Don’t see yours? Reach out and we’ll help.
Questions
Frequently Asked Questions
How much do I need saved to buy in NYC?
It depends on the home, the building, and your financing. Beyond a down payment, plan for closing costs and reserves — co-op and condo buildings often have their own financial requirements.
What’s the difference between a co-op, a condo, and a single-family home?
They differ in what you own, how purchases are approved, and ongoing costs. Co-ops typically involve a board approval process; condos and houses generally do not.
What does pre-qualification get me versus pre-approval?
Pre-qualification is an early estimate; pre-approval is a lender’s more formal commitment. We can connect you with lender partners.
How long does a typical NYC purchase take?
It varies with financing, the building, and board approvals. We set expectations for your specific deal.
I inherited a property — what are my options?
You may be able to keep, sell, or buy out co-owners. It depends on the title and your goals; we coordinate with the right legal and tax professionals.