Morgan Evans-New York City Real Estate Expert

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.

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.

• Manhattan New York Condo Specialists
• Manhattan New York Condo Listings
• Dos and Don't before you buy Manhattan Real Estate! PART I
• Manhattan New York Different types of Buildings
• We sell 'AS IS' condition: No Inspection in Manhattan New York Real Estate

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 Morgan.Evans(@)elliman.com. Call us at (917)837-8869.

No inspection in Manhattan New York Real Estate, Where the most of the Real Estate in the country has inspection as part of the negotiation, buyers are allowed to inspect the property once the offer has been made and written and ask the sellers for credits and money back after they inspect the property, in Manhattan New York Real Estate, we sell the Co-Ops and Condos in 'AS IS' condition.

No Inspection and "AS IS" condition (in Manhattan New York Real Estate) means all appliances should be in working order,there should not be any visible structural damage, such as leak, cracks in the wall and etc. The seller is responsible to fix if the dishwasher, refrigerator, stove, faucet, and etc is not working. The seller is NOT responsible if the buyer wants a new sink, new floor, or a new coat of paint. Sellers are not obligated or responsible for cosmetic fix ups. The general practice in Manhattan New York Real Estate, we do not credit buyer any money back for non-structural fix ups. (there are some more complicated transactions and exceptions will be made).

With that being said, even though in Manhattan New York Real Estate there is no formal inspection, buyers should always inspect the property and note all the cosmetic fix ups should be discussed with buyers' agent prior to buyers submit the offer. Buyer can always suggest part of the cosmetic fix up to be sellers' responsibility during the price negotiation, however, it is up to the seller to decide if this is something they are willing to do. If the seller is not willing to make the changes that was suggested, buyers should take that cost into consideration when submitting an offer, and not after the offer was submitted! Once the offer is accepted, most of the time sellers are not interested in re-negotiate an offer after the offer is verbally accepted.

*exception can always be made, though this is the general practice in Manhattan New York Real Estate.*

Below are some more information for you to understand Manhattan New York Real Estate market better.

If you are a first time home buyer, or a buyer that is relocating to Manhattan New York, please note there are lots of different Real Estate practices here in Manhattan New York. To have a smooth home buying practice, it is beneficial for you as a buyer to be educated with not only the market but only the purchase process. Contact us today as we are Manhattan New York Relocationg specialists and we are the market expert. (917)837-8869 or morgan.evans(@).com

• Central park Reservoir
• The Great Lawn in April 2009
• Upper West Side Lincoln Center- the New Alice Tully Hall
• Upper West Side Condos
• About Us

We are residents of Upper West Side in Manhattan New York and also successful Real Estate agents under Prudential Douglas Elliman. We know the neighborhood intimately and have market knowledge to share with you or anyone that may need that information. Contact us today at (917)837-8869 or Morgan.Evans(@)elliman.com.

Co-broke or Go Broke in Manhattan New York Real Estate! When I first started selling Real Estate in Manhattan an experienced broker said to me, "Sometimes you either co-broke or go-broke."

Manhattan New York is a different animal as far as the exclusive broker being the gate keeper to every single one of their exclusive properties. As I have blogged before we don't have keyboxes on our properties. Any time an appointment is made to look at an apartment we have to show it ourselves. In years past when the market was red hot getting appointments to see a great apartment could become very difficult. The listing broker would have a variety of reasons why they couldn't show you or accommodate anything. This is a reason why building a relationship with big listing brokers is very important. Many times I was able to view an apartment with my customers before an official open house to the public because I knew the listing broker personally or they were from my office.

Now that the market has changed listing brokers are bending over backwards to accommodate any type of appointment. You could ask for that 730pm Friday night appointment and they will try to make it happen or call them the morning of and they will rush over to show. I know this myself because with my own listings I try to do everything I can to work something out to show the apartment every chance I get.

Getting back to that sage advice I received, in a hot market selling the apartment to a buyer who is unrepresented coming direct would obviously enable the listing broker to not have to co-broke or share the commission with another side. This is why some listing brokers would make it very tough for agents to see property, trying to buy enough time for a direct buyer to make an offer. Not the most ethical thing to do, but it happened. Now that buyers are scarce showing an apartment to any interested property is the name of the game!

WHAT DO YOU DO in YOUR MARKET PLACE? Has the Real Estate community change its attitude since the shift of the market? Love to hear from your part of the market!

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We are residents of Manhattan New York and also successful Real Estate agents under Prudential Douglas Elliman. We know the neighborhood intimately and have market knowledge to share with you or anyone that may need that information. Contact us today at (917)837-8869 or Morgan.Evans(@)elliman.com.

Lately I have been very busy in helping out of town renters and newly transplant New Yorkers looking for their perfect Rental apartments in Upper West Side Manhattan. I am an Upper West Side Resident myself, therefore many of these renters feels that they are not only working with the neigborhood expert, they are also getting a tour guide to find the best coffee spot, bakery, or a burger joint!

Many renters call me because I specialize in No Fee Upper West Side Rental, No fee means the renter does not have to pay a Broker's fee. (In Manhattan, typically renters are responsible for 15% of the annual rent as brokers fee. This year, many rental management provide extra incentives to the renters in which they will compensate part of the broker fee) With that being said, why not utilize a broker that can help you in finding the suitable apartment when a knowledgable broker has all access and the ins and outs of all inventory. Our Upper West Side rental specialist Morgan Evans will help you find the perfect Upper West Side apartment.

No fee Upper West Side Rental, is in high demand and low supplies! Summer season, it is known to be the busiest rental season. This year is no different, we are receiving at least 7 phone calls a day with potential renters looking to find a space, we are the Upper West Side rental expert, because we are familiar with the neighborhood, buildings, and intimate knowledge of the managment company.

No Fee Upper West Side Rental, if you are relocating...Organize and prepare the necessary information 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
• Pay stubs
• Expected bonus (verification from employer)
• Additional sources of income with verification
• Personal identification with photograph - driver's license or passport

No fee rentals in Upper West side in New York City. As a resident of Upper West Side, I always enjoy going to the Central park and walk through the treeline blocks with beautiful brownstone townhouses on each side of the block. If one is looking for New York charm, brownstone apartments are without a doubt, one of the type of housing that will help you feel like you have arrive in New York.

Contact Morgan at (917)837-8869 or email at Morgan.Evans(@)elliman.com.