I would highly recommend that you use a buyer's agent simply because it's a complex process, co-ops are a different animal and technically not even real estate, and because the advice/guidance is FREE!
The seller always pays a fixed fee. It's built into the sales price, so why would you throw away free representation during such a big life purchase?
Furthermore, your question tells me that you don't know what a buyer's broker commission rebate is. Basically, through a rebate platform like Hauseit, you can pair up with a local buyer's agent who will give you a split of their commission to help cover your closing costs (https://www.youtube.com/watch?v=58_UjYmG4hw) which can be quite substantial.... more
Hi, Commission rates are negotiable and can vary. The key to negotiating the best rate is to compare and interview several agents in your local area.
We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to "comparison shop" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! http://www.upnest.com... more
1st Constitution Bank in Fort Lee. is portfolio lender .
Contact John Bryan
Toll Free: 888-519-7677, Cell: 201-321-8998
180 Main St, Fort Lee, NJ 07024
Office: 201-944-9300... more
Simply put - with a condo you are given a deed to the property and actually OWN it ...it is subject to the rules and regulations of the homeowner's association, but you can freely sell it whenever you want as long as you abide by the rules.........there is a monthly (or quarterly) HOA fee which covers maintenance of the "common" - shared areas....and exterior.......it will also cover snow removal and landscaping.
with a coop you do not get a deed to the property - you do not "own" it - you are buying shares in the building or complex - a percentage of the building........you are also bound by a homeowner's association (coop Board) and pay monthly maintenance fees (these will include your share of property taxes, as well as maintenance of the common areas).........when you go to sell, you will need the Board's approval before you can close. If they turn down a buyer, you cannot sell to them.....some Boards can be picky - some not so much.......ask your agent!
Generally, condos are more expensive that coops , in part, because you are free to sell without restrictions.
you are talking Med South building 2000 Linwood Ave., Fort Lee, this building is in processing become Condo. Most units sold in one month, right now only few unit available for sale as Co-op till building finish conversion, please check with management office for detail information.... more
Yearly Taxes is average compare to other towns, Commuting from Fort Lee to Manhattan is very convenient, all depends on area you live. If you live nr bridge it is about 5 mins bus ride to 175 Bus terminal.... more