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.
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Buying a home is one of the most significant financial investments you’ll make in your lifetime. The goal of every home buyer is to purchase the best home at an affordable price with the most favorable mortgage.
The total cash required to purchase a co-op as opposed to a condo differ greatly in two main areas: the down payment and required cash reserves.
Co-op boards are not required by law to provide you with a reason for flat out rejecting your application. Maybe it was your financial situation, or maybe it was your shoes.
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.
Monthly maintenance fees and common charges are not a source of profitability for the building, but merely the cost to run the building.