The Offer & Contract (Buyers)

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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?

When I am ready to submit an offer to purchase an apartment, what information and terms do I need to provide to my agent for submission to the seller / seller’s agent?

  Terms Purchase price % Down payment % Financing Any contingencies Approximate closing date Misc Attorney Info Docs Proof of funds REBNY financial statement About / Bio Letter  

If the seller requests to include a “sale-leaseback” provision to the contract, being allowed to maintain possession of the property as a renter after the closing, do you recommend I agree to that as the purchaser? What potential problems could arise?

If I want to include specific furniture or items that I saw in the apartment I’m submitting an offer for, should I include them within the deal or arrange for a separate purchase?

If a seller refuses to allow me, as the buyer, to include a mortgage contingency in the terms of the contract, what are my options to proceed, if any?