You need to speak with a mortgage specialist to see exactly what can be done for you. The worst that can happen is they tell you what you need to do to qualify for a loan. Feel free to call/email me and I will be happy to refer a few to you.... more
Check http://www.mlsli.com or consider working with an agent of your own; or check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.... more
Hello Emilia. It depends in which co-op development you are looking in. Usually, it is at least 10%, but it is not unusual for some developments to require 20%. You will also need to b approve by the board by having good credit, show proof of income, etc.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
If any builder/seller has an exclusive right to sell agreement with a realtor, the commission is probably contractually pre-determined. If the builder has an "agency" agreement, they may have retained the ability to sell on their own without paying a commission or paying a reduced commission if the realtor did not bring the buyer. If you have not already made an offer on the property, you may want to consider hiring a buyer's agent to work on your behalf. A good buyer's rep (like myself) will help you determine whether the price on the property is fair and a strategy to get what you want at a price you're comfortable with. If you were going to court, you'd hire a lawyer; if you were sick, you'd go to the doctor. You're buying a house - one of the largest investments of your life. Hire a professional. Good luck.
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
If you have met with the agent and the builder you will know what is included in the sale and what items might be upgrades. If the house is completed with interior finishes and appliances and the exterior landscaping has been installed you should offer the builder a respectable bid. Most new construction offerings sell near the list price when compared to existing homes. Most existing homes have appreciation from the time they were built and the current market values. With new construction offerings you do not have the appreciation to negotiate into the transaction with the seller. Do your legwork and find out what is included and what the recent comparable homes offered by this builder have sold for and base your offer on this factual information. Remember on New Construction you are getting better heating and cooling performance when compared to older homes.... more