Quite simply, it is very difficult to find the ideal home without a real estate agent / broker. The market is large and complex and moves very quickly; trying to navigate it on your own is a formidable challenge. Brokers live and breathe the market - most buyers purchase an apartment or house every few years (at most), while brokers are consulting, buying and selling every day. Thus, the experience
- Make sure you have a pre-approval letter with a mortgage lender that is familiar with the market
- Disclose to your broker your present financial situation and any impediments to purchasing (i.e. if you need to sell your current residence or if you cannot purchase until the end of the year, etc.).
- Be prepared to move quickly - the market moves quickly and to be competitive you need to be prepared
Before you visit any home, condo, cooperative or commercial properties, unless you intend to pay all cash, it is important that you get pre-qualified and/or pre-approved with a mortgage lender that regularly lends in New York City or Long Island (Nassau and Suffolk Counties). There are several reasons why it is important that you are at least pre-qualified if not pre-approved:
You will have a
Nassau, Queens, Suffolk, and Kings (Brooklyn) counties offer some of the most varied housing options anywhere; as a result, you have many excellent options. Thus, it is important to focus in on some specifics in order to make your search as productive as possible. Some of the key items that you should resolve early on are as follows:
For obvious reasons, this is probably the