Move Fast on an Apartment If you are looking to purchase in the Manhattan and Brooklyn based areas, you are probably familiar with the bidding wars and highly competitive atmosphere taking place. Many buyers become frustrated at the process and burn out fairly quickly. Here are some tips to secure an Apartment and put yourself

After exploring Condos, Co-op and Condops in our previous articles, we now have a better idea of the advantages and disadvantages of all three ownership structures. So which type of property is best for you? Without hesitation, I can firmly state this decision is very subjective and depends on the goals of the purchases moving

In our last tip we discussed the definition and meaning of a Condop building and unit, (https://garayrealestate.com/tips-of-the-day/what-is-a-condop/). To further breakdown the Condop, here is a snapshot on the advantages and disadvantages of this ownership strcture: Condop Advantages Sublet flexibility Lower closing costs (In line with a Co-op) 90% financing in certain buildings Co-op prices Maintenance

If Condo and Co-op units haven't confused you already, there is a third type of ownership structure called a Condop that makes everyone roll over twice. What is a Condop? Condop were first established in the 1980's by a group of developer and investors looking to bypass an IRS law that posed a threat to

In our last tip of the day, we described the definition of what is a Co-op? (https://garayrealestate.com/tips-of-the-day/what-is-a-co-op/) As previously discussed, Co-ops are very prevalent in the Manhattan area. If you are unfamiliar with purchasing in Manhattan or Brooklyn and are purchasing for the first time, there may be a lot of information to learn. Here

What is a Co-op? Unlike many other Cities, there is this funny little thing called a Co-op. What is a Co-op? Maybe purchasers come to New York and become utterly confused by the notion of a Co-op Apartment versus a Condominium based structure. I am here to tell you, do not be afraid a Co-op.

There are always advantages and disadvantages when purchasing an Apartment. In New York, we have Condos, Co-ops, Condops and other structures. Often times buyers can become confused on the type of structure that is best suited for them. In the last tip, we discussed the definition of a Condo(https://garayrealestate.com/tips-of-the-day/tip-1-what-is-a-condo/). To further clarify the difference, we

What is a Condo? Millions of buyers all across the world ponder purchasing Manhattan real estate. If you are from a different State or happen to be purchasing for the first time, the task may be overwhelming. There is so much to consider. Do I purchase a Condo? Should I consider a Co-op? In fact,