A Seller’s Market is a situation in which demand exceeds supply, while a Buyer’s Market is a situation in which supply exceeds demand.
brokers
There are several scenarios in which a buyer may get their contract deposit refunded without penalty.
Regardless of the owner's decision to accept an offer, prospective buyers ultimately need the approval of the co-op board in order to close on the property.
Of all the components that make up an offer to purchase real estate, price is by far the most important. After all, the goal of the buyer is to pay the least amount a seller will accept.
Each co-ops board of directors is charged with safeguarding the economic health of the building on behalf of its shareholders.
Monthly maintenance fees and common charges are not a source of profitability for the building, but merely the cost to run the building.
If you’re renting an apartment in New York, one of the most confusing parts of the process is the broker’s fee—often called the rental commission.