Top Producing Chinese Speaking Real Estate agent Eileen Hsu was awarded with Chairman Circle Platinum Award (top 1% of the company) last two years in a row (both year 2011 and 2012). This is a great achievement in a company with 3,800 agents, total of 20,000 agents in Manhattan New York and in a competitive New York city market.
Eileen Hsu is currently a SENIOR VICE PRESIDENT of DOUGLAS ELLIMAN Real Estate brokerage in Manhattan New York.
Chinese Speaking Real Estate Agent Manhattan New York explain the difference between condo and coop. Condo is Real property and coop is not. Coop require full board approval this includes in person interview and extensive financial background check. Many of the Chinese buyers opted to purchase condos over coops for investment purpose and as well as many buyers have oversea assets that prefer to stay discreet.
We are bilingual Mandarin Chinese and English speaking Real Estate agents that are Manhattan New York Condo specialists, we work with many Chinese/International out of town investors and buyers that would like to acquire a Manhattan New York condo as part of their investment portfolio.
As Mandarin Chinese and English Speaking Real Estate Agents, we helped our buyers by have a check list of basic steps to educate the buyers as to how to get started. Here is a good check list:
If you are a buyer that need financing. Consult with a reputable lender or mortgage consultant to see how much can you finance in today’s market. In today’s market, lending guidelines are changing by the day, it is in your best interest to see what will it take to qualify for a loan. (要先談論目前市場貸款詳細信息, 信用評分以外的許多條件)
Talk to your banker in your home country or town if you have money in bonds and money market. Find out how many days will it take to liquidate your funds so you know once we have a verbally accepted offer. In Manhattan New York market place, the seller seeks 10% of the sales price as down payment at the time of signing contract. With that being said, if you are buying $2,000,000.00 Manhattan condo, you will need $200,000.00 at contract signing. (如果現金購買-股票和債券，需要變現，多少天)
Contact us to start the research of your Manhattan New York condo purchase. As an international or out of town buyer, it is important to work with experienced agents like us that speak your language, you want to find an agent that is familiar with the product that you are interest in buying. We are very well versed in Manhattan New York market, we have sold many Manhattan New York condos to first time home buyer, first time investors, foreign internationals, parents buying for children and many serious and motivated buyers.
Do Have a realistic budget of what you are looking for. Manhattan New York condo is approximately $1,000 per square foot, so unless you are looking for a 500 SF one bedroom, you will need more than $500,000.00 to buy a one bedroom condo. (the price will also depend on the building amenities, such as fitness center, residents lounge, roof deck, basketball court, swimming pools and etc.) (您的合理投資預算)
Do speak to an accountant to see if you need to structure the purchase in a specific way to enjoy the tax deductible benefits of buying a Manhattan Real Estate. If you are a first time home buyer, is it beneficial to co-purchase the condo unit with your parents or alone; If you are an foreigner, is it better to buy it under your own name or start an LLC?; If you are an out of town investor, is this purchase going to be an investment property or? (會見會計師，了解投資報稅細節)
Do have a Manhattan New York Real Estate attorney ready. Manhattan Real Estate transaction requires each buyer and seller to have an attorney representing them in drafting and finalizing the contract. A good attorney can save you headaches, money and risks, ask your agent to refer you (3) attorneys so you can call and interview. Explain to the attorney what you are planning to do, and see which attorney you feel most comfortable to work with. (準備-紐約市房地產律師,或者我們可以為您推薦)
Mandarin Chinese Real Estate agent help Parents buy for Children
We are a team led by Eileen Hsu, Mandarin Chinese Real Estate agents help parents buy condos for children in Manhattan New York Real Estate market. Many of our Chinese buyers are from oversea such as Taiwan, China, Hong Kong, Singapore, Malaysia, Indonesia and Canada, their main reason of buying is because their young adult children work in Manhattan New York or go to University in New York.
As Mandarin Chinese Real Estate agents help parents buy condos for children, we help buyers understand the general Real Estate market place by providing an overview and basic knowledge. As many of the buyers are international buyers, there are many differences in Real Estate market understanding based on buyers’ previous idea of NYC Real Estate and as well as what they might have heard or read in the news media.
Communication is very important working as Mandarin Chinese Real Estate agent team. Once we understand what our buyers parents buy condo for children are looking for, we will make some recommendation and suggestions based on their criteria. We will recommend the type of housing product, neighborhood, buildings that will work best for their needs, and connect them with trusted advisers such as accountants, lawyers, financial planners and etc to ensure their purchase is well and sound.
If you are a parent looking for a world class service team to help you buy condo in NYC with a Mandarin Chinese Real Estate Agents in New York city, contact us today by email and we will reply to you promptly. Or call (646)644-6929, either team leader Eileen Hsu or one of the specialist will get back to you as soon as possible.
We usually communicate with our long distance buyers ahead of time so we have a good sense of what their preferences are and when they arrive in New York, we can start looking at the right property immediately. It is essential for buyers to work with us experienced agents so there is no time wasted seeing properties that are not suitable. During the appointments, we educate the buyers on the buying process so they are full aware of each every step of the purchase. One of our special niche with buyers, is Parents Buying a Manhattan New York Condo for children. We recommend all parents to be PREPARED AND PLAN AHEAD, first step is to discuss the funding with the right mortgage consultant/banker, accountant, a knowledgeable Manhattan Real Estate attorney, but first, you should contact us so we can start the planning.
Few key points if you are a (Chinese) parent plan to buy NYC condo for children:
If Buying all cash, and you are buying a condominium, the quickest we can close would be 30-45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage. IF Financing this can be much longer.
Mortgage consultant: If you are planning to buy the condo all cash, that is always desirable when presenting offers to condo sellers. Keep in mind that you should have enough equity in case there is an increase in monthly carrying charge for this condo or other misc mishappens. If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
Accountant: If you are planning to co-purchase the condo with your child, be sure to discuss the possible tax complication you may have with your accountant. Speak to your accountant prior to your purchase can be very helpful.
New York city Real Estate Attorney: In addition, speak to a local Real Estate attorney will be helpful as well since the local Manhattan Real Estate attorney can also advise you what is the best way to structure/plan the purchase and think about who/how should take the title of the deed. It is crucial to use the right attorney to protect your interest in the sale of a condo. Call your Chinese Mandarin Speaking Real Estate agent Eileen Hsu today at (646)644-6929 to experience a different level of service NOW.
There is a class of restaurants in Taiwan where the owner tries to impose his/her own philosophies, ideologies, world views, and personality on the diners who visit his/her restaurant. The owner is usually charismatic, often spewing out his or her own personal words of wisdom (sometimes personal words of culinary wisdom) to anyone that enters the restaurant. If the owner is often absent from the restaurant, her (or his) words of wisdom will most likely be plastered all over the walls, tables, dining utensils, or any other object in the restaurant that words can fit on.