The 4 Things You Need to Start Your NYC Home Search

Are you finally ready to start your NYC home search? Then you need to make sure you have these 4 things lined up before you start going out to see properties! 

1 – Pre-Approval 

As discussed in a previous post, and also here (and here), pre-approval is an absolute must. Especially in a hot market where you may have only a few days (or less!) to make a decision. You don’t want to lose precious time getting one once you’ve decided you’re ready to start your search. Take my advice and don’t drag your feet on this! 

2 – Statement of Finances

If you’re looking to buy a co-op, then having a statement of finances (a/k/a “financial statement”) is another must. 

What is it exactly? 

It’s a document that lays out key information about your financial status, including (but not limited to):

It’s the key to making sure that listing agents know you meet the building’s financial requirements. Without it, any offer you put forward won’t even be considered. 

And don’t think you won’t need this if you’re only looking for condos. While condos don’t have the ability to say yes or no to you like a co-op does, the listing agent can still ask for this kind of information to see how you stack up against other potential buyers. 

3 – Real Estate Attorney

As discussed in this previous post, your real estate attorney is a critical part of your team. And too often, people wait too long to hire one! 

In a hot market, you might only have a few days to sign a contract and have your attorney conduct due diligence. You do NOT want to waste the little amount of time you have trying to decide who you want to work with! 

4 – Real Estate Agent

And of course, there’s your real estate agent 🙂 You can learn more about what they do for you here in this post

Since this person will be the hub of the transaction and someone you’ll be interacting with a lot, you need to make sure it’s someone you really feel comfortable with and trust. 

Obviously, I recommend myself for the job! 😉 You can learn more about me here. And if you’d like to hop on a call to discuss getting your search started, you can schedule one here

Categories

Archives

Sign up for my newsletter

Get my NYC First Time Home Buyer Guide FREE when you sign up for my monthly newsletter

Subscription Form

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.

Related Posts

How Much Does It Cost to Own a 2 Bedroom in NYC? (November 2023)

Read more

October 2023 NYC Monthly Sales Market Update

Read more

How Much Does It Cost to Own a 1 Bedroom in NYC? (October 2023)

Read more

September 2023 NYC Monthly Sales Market Update

Read more

NYC Real Estate Market Update Q3 2023 – Manhattan & Brooklyn

Read more

Hidden Gems or Red Flags? What ‘Days on Market’ Reveals to NYC Buyers

Read more

How Much Does It Cost to Own a Studio in NYC? (Sept 2023)

Read more

August 2023 NYC Monthly Sales Market Update

Read more