Thinking of buying your first NYC apartment? Read this first

By Virginia K. Smith | April 3, 2017 - 9:59AM

It's First-Time Buyers Week here at Brick, and while we've got lots of new material coming your way on where to look, what you'll pay, mistakes to avoid, and more, first things first: Let's brush up on the basics.

And for that, we've got our full-service guide, How to Buy a NYC Apartment. Among other essentials, it covers:

The difference between a co-op and a condo
What you can expect when working with a real estate broker and a closing lawyer (and why you shouldn't skip on hiring either)
How to find a building that's the right fit for you
Tips on negotiating, and putting together your official offer
What to expect from the board interview
Extra closing costs to anticipate—in addition to the actual purchase price

It might seem like a lot to take in at once, but take a deep breath, and remember this: Once you leap into owning your own slice of NYC, you'll never have to deal with a random roommate (or a rancorous landlord) ever again. We'd call that well worth the extra effort.

The Market 7 steps to getting a mortgage by your 30th birthday

The Market What 8 first-time buyers wish they had known

The Market Getting past the down payment problem—probably your biggest hurdle to buying an apartment

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