Buying an apartment in New York City is not an easy task. It's not a secret that New York City real estate is one of the most expensive and complicated markets in the entire world. If you decide that buying a home in NYC is a better choice for you than renting, the process of buying an apartment can seem overwhelming, especially if you are a first time home buyer. It is very important that you start your home buying journey with the right mindset and follow the right step by step process.

Hey everyone, my name is Sargis, a licensed real estate agent with CORE based here in NYC. Welcome to another New York Real Estate Video. My goal here is to be a resource for you and give you all the information you need to know about NYC Real Estate.

Book your FREE 30-minute consultation call with me if you are looking to buy, sell or rent in NYC or if you just have questions regarding NYC Real Estate.
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Check out the videos below for more details about Condos and Co-ops

What is a Condo?
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What is a Co-op?
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Buyer Closing Costs in NYC
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In this video will give you the exact steps of your home buying process.

Timestamps
0:00 - Intro
1:46 - Step 1: Gather Your Team
6:49 - Step 2: Determine Your Budget
9:48 - Step 3: Home Search
12:03 - Step 4: Make an Offer
14:22 - Step 5: Contract Signing
17:55 - Step 6: Mortgage Application
19:54 - Step 7: Purchase Application (Condos & Co-ops)
21:26 - Step 8: Board Interview (Co-ops Only)
24:02 - Step 9: Final Walk Through
24:41 - Step 10: Closing

New York City residential real estate market consists of Townhouses, Condominiums which are also know as condos, cooperative corporations, also known as Co-ops, and Condops, which is a hybrid that includes both condominium and cooperative ownership structures.

In summary the total process from accepted offer all the way to closing can take between 30 – 120 days before you can move in to your new apartment or house. This depends mostly on the type of property but as you can see there are other factors that you have to take into the consideration.
That’s why It is vital to have a great team of professionals such as your real estate agent, real estate attorney, mortgage broker or loan officer that will help you go through the transaction step by step, make sure you won’t overpay or miss out on your dream home because you weren’t prepared. And if you have the right team of professionals, they’ll make your home buying process fun and enjoyable experience for you.

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