Final Walk-Through


Hi All-

I am closing on a co-op apartment in the next couple of weeks and I hear that the final walk-through will most likely be scheduled the day b4 closing. Please let me know if you have any pointers on what I should be on the lookout. I am really confused on why it would be scheduled the day b4 – shouldn’t it be scheduled at least a week b4 to allow for any necessary repairs?

Categories: Co-Op Related
By Suntory | 12/10/2009 6:41 PM | Comment

Property Taxes and Co-ops


I am about to purchase a co-op and am really confused about how real estate property taxes will work. Are my property taxes 100% covered in the monthly maintenance? I also hear that the tax portion of the maintenance is then tax deductible. Finally, I hear that it is beneficial to close late in the year for tax purposes – why is this so?

Anyone can shed some light on these questions for me?

Categories: Taxes
By Suntory | 10/02/2009 6:07 AM | Comment