The NYC Property Purchase Process

Welcome to Episode 5 in my Series REAL ESTATE INVESTING IN NEW YORK!!
This Episode covers every single step of the property purchase process in NYC in GREAT DETAIL!!
If you have any questions, email me at [email protected]
Please also keep in mind that these initial podcast episodes are direct pulls of the audio from my existing YouTube series, and I am doing my best to edit out any distractions or things that are only relevant in video. I know the sound is choppy and I am speaking very fast and this will improve now that the podcast is a fundamental component of this series.
NOTES FOR THIS EPISODE:
STEPS OF THE PROPERTY PURCHASE PROCESS:
Mortgage Pre-Approval
☁ The 3 types of letters you can get from the bank and what they do for you:
★ Pre-Qualification letter
★ Pre-Approval letter
★ Pre-Commitment letter
Link up with a Buyers Agent
☁ What your Buyer’s agent does for you
☁ Qualities you want in your buyer’s agent
Search for properties
☁How to weigh different property characteristics
☁How you know a property is ’the one’
4. Offer and Negotiation
☁ Components of a strong offer
5. Meeting of the Minds
6. Contact Finalization and Due Diligence
☁ How the contract is drafted
☁ What your attorney is doing fo you
☁ Making sure the property is a safe investment through due diligence/review of building documents
☁ Should you have an inspection done?
7. Sales Application
8. Board Interview
9. Closing!
Don’t miss the next video which will explain the purchase process for NEW DEVELOPMENTS SPONSOR SALES!
If you ever have Real Estate related questions, feel free to Email me any time: [email protected]
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