Note that once your mom has a fully executed contract, all the preparations to close are happening simultaneously. It is therefore essential to use a diligent broker to orchestrate what needs to go on behind the scene. So, yes, it may take 2 at the minimum, but 3 to be safe. Best of luck on your mom's journey to her next home!
Zita Alvarez Lo
Licensed Associate Real Estate Broker
PRUDENTIAL DOUGLAS ELLIMAN
205 East 42nd Street, 6th floor
New York, NY 10017
The typical time frame is 60-90 days. Apartments in BPC are condos they usually close in less time than coops. If your mom pays cash it will be much quicker as the lending process is the longest part of the transaction.
BPC has land leases that tend to make the transaction a little more complicated than non-land leased condos. It is important when purchasing in BPC that you use a lender familiar with BPC and land leases as well as an experienced real estate attorney and Broker.
Best of Luck! If you or your Mom needs any help, feel free to contact me.
Mitchell Hall, Associate Broker
The Corcoran Group
FYI, I have no idea who your mother is or what her budget is, but if she crossed the West Side Highway and checked out 20 West Street, she could save literally a thousand dollars a month in common charges. There is also 200 Chambers in Tribeca, obviously north of battery park, but right on the west side highway and superbly nice.
Your real estate taxes are abated in those buildings. Actually you could by far get the most square footage for your money in Tribeca/BPC in 200 Chambers if you purchase 2 adjacent units and combine them.
Just a little outside the box commentary for you to take or leave :) I work the downtown area extensively if you guys want to give someone different a try.
Bond New York
Yes, it can take that long-but it doesnt have to. If your mom is an all cash buyer, it can be faster. Also, if she is in a hurry, and she is pre-approvaed for a mortgage, it can also happen faster. You need a broker who is experienced in expediting deals at a faster pace if your mom is in a hurry. Also, there are a number of new Development projects in Battery Park that could probebly move faster as well. Check out my site to learn more. http://www.LuxuryNewYorkCondominium.com