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Eileen Hsu (許小姐) Manhattan NY Real Estate

How to Buy a Manhattan New York Condo (Part III) as Parents Buying for Children

We are Manhattan Condo Specialists, in our How to Buy a Manhattan New York Condo series in Part I as first time home buyers, Part II as first time investors, and in this Part III series, we will talk about how parents can buy for children, next series Part IV we will discuss foreigner buying in Manhattan New York Condos. We know the Manhattan Condo market and the specific needs of each type of buyers.

Buying a Manhattan New York Condo as parents buying for children, you should understand your budget and timeframe to start. Is this a 5 year plan while your child goes to school in New York? 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 a Manhattan New York Condo as parents buying for children, you should plan ahead, and speak with all the parties involved (not you and your child but rather the right mortgage consultant/banker, accountant and a knowledgeable Manhattan Real Estate attorney.)

  • 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.
  • Accountant: If you are planning to co-purchase the condo with your child, be sure to discuss the possible tax complication you may have with your accountant. Speak to your accountant prior to your purchase can be very helpful.
  • Manhattan Real Estate Attorney: In addition, speak to a local Real Estate attorney will be helpful as well since the local Manhattan Real Estate can also advise you what is the best way to structure the purchase and think about who/how should take the title of the deed.

Buying a Manhattan New York Condo as parents buying for children, 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 buyer, 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.

If you are looking to purchase Manhattan New York Condo, we are the Manhattan Condo Specialists. Please contact us as we will be able to access ALL the Manhattan Condo listings in area of your preference. To receive prompt response, please email us at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com. Call us at (917)837-8869.

Understand Chinese Numerology for your Chinese Buyers

Have you ever work with Chinese buyers and sometimes not quite sure why the Chinese buyers are stuck on particular numbers and avoid certain numbers? For me, I work with many Chinese Buyers/Clients in Manhattan New York market place so it is very important to understand where these numerology beliefs are coming from, and the common premise is that certain numbers are associated with good or evil.

I know first hand on how these beliefs come about since I am Chinese and was raised by my parents who have strong beliefs in these number system. My father's business address in Taiwan, Taipei has multiple 'good numbers' to give him contineous prosperity and luck, therefore, if we ever have to do anything that may involve in any numbers, we carefully discuss which number figure is good for us.

In Chinese Numerology, the simple element that makes numbers good or bad in Chinese language is the punning and word play possible in a many-tone language. For example, the number Three is associated with living or giving birth, eight with prosperity, and nine with eternity or power. Combinations of numbers are also prized for their punning references to good luck and prosperity, the two most important issues in the minds of many Chinese. This belief that certain numbers bring good luck is often put into practice when naming businesses and clubs that hope to attract customers.

Chinese people take the Chinese numerology and what the numbers say very seriously, I myself is no different. For Example, When it comes to choosing a cellular phone number for myself or business partners, I make sure that we get 'good numbers'. Even if I have to drive the cellular company crazy! Also, Car license plate, it is important to have 'good numbers' to bring you good luck. (ie: 888, 168, 1988) Many business people in Chinese culture, they are willing to spend quite a bit of money to make sure the numbers look favorably on them.

In Chinese numerology, there are also numbers you want to avoid. Unfortunate numbers are one (the lonely number), and four and seven, which represent the death numbers. Some numbers are bad luck when they are combined with other numbers. If you are working with Chinese buyers and presenting an offer, you may often see them presenting offers with the number '6', '8', '9', and ends with these numbers. If you have listings that you may want to attract Chinese buyers' attention, you may want to end the listing sales price in those numbers too.

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If you are a seller that would like to have your property showcase to our oversea buyer connection. Please contact us now at (646)644-6929.

If you are a buyer that speaks Chinese and would like work with someone that speaks your Chinese dialect, call us now at (646)644-6929. We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (212)321-7122 or (917)837-8869.

How to Buy a Manhattan New York Condo (Part II) as First Time Investors

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. We know the market but we also understand the specific needs of each type of buyers. This blog we will discuss how to buy as first time investors, In Part I we discussed the needs of first time home buyer.

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 a local 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.

If you are looking to purchase Manhattan New York Condo, we are the Manhattan Condo Specialists. Please contact us as we will be able to access ALL the Manhattan Condo listings in area of your preference. To receive prompt response, please email us at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com. Call us at (917)837-8869.

How to Buy a Manhattan New York Condo (Part I) as a First Time Home Buyer

Learn How to Buy a Manhattan New York Condo as first time home buyers. We are Manhattan Condo Specialists, we help find condos for first time home buyers, first time investors, parents buying for children and foreigners buying in Manhattan New York. We know the Manhattan Condo market but we also understand the specific needs for each type of buyer. In Part I we will discuss the needs of the first time home buyer.

Buying a Manhattan New York Condo as a first time home buyer you should know your buying power. Have you been renting for the last three years and you are ready to buy? How much equity do you have to put down? It is time for you to speak to a mortgage lender to understand today's lending rules and know your closing cost (bank fees, condo application fees, New York city and New York State taxes and attorney fees...etc) so that you have enough money to complete the entire transaction.

How to Buy a Manhattan New York Condo (Part I) as First Time Home Buyers

Buying a Manhattan New York Condo as a first time home buyer, it is a good idea to understand your timeframe. Do you have a lease that is coming to an end or do you have a month to month lease? Buying in Manhattan New York condo, a typical transaction takes 45-90 days or more. If you are not planning on financing, the quickest closing (if all parties cooperative) can happen in 45 days from the days you and the seller sign the contract, if financing, the process can take up to 90 days or more in today's market. To know when you need to move is absolutely neccessary!

Buying a Manhattan New York condo as a first time home buyer, you should keep an open mind as to what you can afford versus the location of your preference. If the purchase price (with the appropriate down payment and with lender's approved lending amount) is $500K, you are likely to find more space in Upper East side than the West Village. You should prioritize what are some must have items to you, is it location, is it doorman, is it the size, it is the price. Buying a Manhattan New York condo is an art of give and take, keeping an open mind to different options will help you to find the suitable Manhattan Condo!

Buying a Manhattan New York Condo as first time home buyer is important to team up with a patient and knowledgeable Real Estate agent that can guide you through the process. Looking for a Manhattan Condo can be a daunting task, but it does not have to be. Having a good Real Estate agent on your side puts you in a better position than other buyers because you not only can have professional knowledge and experiences, you will also have someone look out for your interest and negotiate on your behalf.

If you are looking to purchase Manhattan New York Condo, we are the Manhattan Condo Specialists. Please contact us as we will be able to access ALL the Manhattan Condo listings in area of your preference. To receive prompt response, please email us at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com. Call us at (917)837-8869.

Wondee Siam II - the Best Thai Food in Hells Kitchen Manhattan New York

Wondee Siam II - Thai food is one of my favorite type of cuisine despite there are many type of cuisine to choose from in Manhattan New York. Manhattan New York, everything is competitive including the restaurant business.
One of my hobby is to go out and try different restaurants in different neighborhoods, and to see if they are worth to go back or even recommend a friend.

Wondee Siam II was first introduced to me by a friend who lives around the neighborhood of Hells Kitchen New York. At first glance, the restaurant from outside did not look much different than other food place, it is on the Ninth Ave on the West Side of Manhattan and surrounding by other cafes, bars, and restaurants, I was surprised by the line of people ready to be seated at this 30 seats Thai restaurant.

Every dish in Wondee Siam II is oh sooo delicious, from the minute you walk in, the host or the hostess greets you to the minute you order, the service is attentive and prompt. We always start off with Papaya Salad - Som Tum * shredded green papaya, string beans, tomatoes, peanuts, dried shrimp, garlic, lime juice and chili, follow by Pineapple Fried Rice: thai fried rice with pineapple, cashew nuts, egg, tomatoes and scallions, Massaman Curry * massaman curry paste in coconut milk, potatoes, peanuts, onions and bell peppers.

I have been to many Thai restaurants in Manhattan, Wondee Siam II remain my favorite place to go. If you are every in Manhattan New York, I enjoy to give Wondee Siam a try. Wondee Siam II is located at # 813 9th Ave New York, NY 10019(Btwn 53rd & 54th St). YUMMMMM!

* I am a Manhattan New York Real Estate agent that sells primarily Manhattan Condominiums. You can check out my listings at http://www.elliman.com/EIH If you or anyone that you know may need Real Estate help, please contact me at (212)321-7122 or (917)837-8869*