What’s the First Step?

Know your financial capabilities.

It’s more fun to go online and look at co-op’s and condos than it is to figure out what you can afford to buy. But, without the latter, you’re just a looky-loo! So, if it’s midnight and you just want to have some fun seeing what’s out there, go ahead and look. You might get some great ideas.

When you’re more serious, say within one year of when you would like to find that special place to move to, you need to know what’s within your reach.

Looking for the place you want to live is an emotional journey. Deciding what you want in your apartment, where it might be located and how you feel when you first walk into it. But, submitting an offer, negotiating a deal, and buying your dream place is a huge financial decision and process. So, know what’s possible before you get emotionally attached to anything.

I suggest you complete a summary financial statement to get started. Most agents in NYC are familiar with the REBNY (Real Estate Board of New York) financial statement so it’s a good one to use. If you need a copy, Ask George and I’ll send it to you.