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NYC > Q&A > Buyers

Buyers

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What types of documentation and paperwork will I need to provide for a condo board application?

Can I purchase a co-op or condop apartment unit as an LLC (Limited Liability Company)?

What is generally included in the monthly maintenance fee that I would pay for living in a co-op building?

I’ve heard that purchasing an apartment in a “land-lease” building is not a good idea. Is that true?

In a standard purchase & sale contract, what is considered a “fixture” that would stay in the apartment and be included in the sale of the property?

What is the difference between a mortgage contingency and a funding contingency?

What is a mortgage contingency and why would I want one when purchasing an apartment?

What are the primary items I need to check regarding the property during the final walk-through before closing on an apartment purchase?

What expectations should I have about closing my property purchase on a specific date or within a certain amount of time?

The safe answer is until there is a definite closing date set (and even then, you’re not 100% free and clear to close, although it’s likely), you should temper your expectations as much...

What are some high-level tips for passing a co-op board interview?

Generally speaking, good advice for a co-op board interview is to remain balanced – do not try too hard to fit into a “perfect” persona, but also watch what you say, so...

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