We are Mandarin Chinese Speaking Real Estate Agents Team, one of our specialty is to help parents in buying New York city condos for the son or daughter that is relocating or currently live in New York.
Working with us, Mandarin Chinese Speaking Real Estate Agents Team, we will hep you understand many aspects of the purchase process, especially as parents buying for children. We work with many parents who are buying for their son/daughter that goes to New York University, Parsons school of design, School of Visual Arts, Columbia University, Jillards music school and other well known schools here in Manhattan New York.
Is this for your son or daughter that is currently working in Manhattan? Do they have a job stability or financial freedom? Are they currently renting and lease may be expiring soon or month to month arrangement? It is important for us to know the reason and time-frame so we can narrow down the search for you.
It is important to plan ahead and start the conversation with us earlier so you can better prepare when you visit Manhattan New York, and speak with all the parties involved (not you and your child but rather the right mortgage consultant/banker, accountant, a knowledgeable Manhattan Real Estate attorney.
If Buying all cash, and you are buying a condominium, the quickest we can close would be 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.
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.