ctrlaltdel's Profile
- lesley
- 2003
- 2008
- Brooklyn
- Williamsburg
- Rental
- Female
- 29
- http://ctrlaltdel
Author's Posts
October 28, 2008
Purchase Contract Questions (help!)
Backstory: Am buying a place, haven't done so in NYC before, let alone done a condo purchase, so I'm just not sure what's standard language.
Yes, I am working with an attorney, but I have been given loads of good advice from you folks and I would feel better knowing that these particular terms (that the atty says aren't usually negotiable) are actually common and not things I should be stressing about:
-Resale of the unit: Sponsor is asking for right of first refusal - that we will give them first dibs on purchasing the unit. If normal, is there a standard term length for notifying them of the pending sale and receiving their response?
-Damage to the unit before closing: If there is significant damage ("fire or other casualty"), seller can resolve in a "reasonable amount of time"
and it won't void our contract. Now, we have a walk away date so that we're not waiting indefinitely to close, but is the Damage clause legit?
-If we do walk away, within our rights, are we entitled to interest on the deposit?
Thanks, Brownstoners!
Author's Comments
did they raze this place? I walked past what I *thought* was the lot last night, and it's empty.
Posted by: ctrlaltdel at December 6, 2008 4:04 PM in response to Another One Bites the Dust?
UGH that's giving me the chills
Posted by: ctrlaltdel at December 4, 2008 1:00 PM in response to Funny photo from rental listing
what a weird response. i didn't answer your question about taxes/atty fees because a) it's none of your business, b) i don't care to give too many details about the transaction, as i know that brokers/sellers/etc might be reading this board and c) it's not relevant to my questions.
My atty has not been unresponsive at all, but has answered my questions. Because this is all new to me, and involves a sh*tton of money, I'm looking for a second opinion as too whether these are common clauses, without having to hire another attorney. Anyone with buying/selling experience, including other homeowners, lawyers, brokers, etc are free to answer that if they choose to.
Get it?
Posted by: ctrlaltdel at October 30, 2008 2:55 PM in response to Purchase Contract Questions (help!)
k91, there was of course some negotiation on many of the terms of the purchase, financially and re: contract terms. everything is negotiable!
anyone have any input on the second issue re: serious damage pre-closing? i suppose expressly linking our walk away date to that clause would be the same/similar enough to getting rid of it completely.
Posted by: ctrlaltdel at October 29, 2008 6:15 PM in response to Purchase Contract Questions (help!)
we have a lawyer, i've just never seen these particular clauses in a purchase agreement before, having never bought a condo in nyc!
and thanks, adam, but we've got the financials covered...
Posted by: ctrlaltdel at October 29, 2008 1:39 PM in response to Purchase Contract Questions (help!)
great timing! was just about to make a post looking for someone....
Posted by: ctrlaltdel at October 20, 2008 4:04 PM in response to we found a great carpenter!
As a buyer, I have been working with Roberto Gonzalez from Bond New York and he's been fantastic. He's proven to be not only a great guy (keeping me sane and relatively stress free during our search) but is also extremely informed about the trends across the financial and real estate markets, buyer/seller psychology, and negotiating tactics. I really can't say enough good things about him. He lives over off Grand and knows the WB market extremely well.
http://www.bondnewyork.com/nyc_real_estate_agent_513.htm
Posted by: ctrlaltdel at October 20, 2008 4:01 PM in response to Seeking seller's agent in Williamsburg
If you really like the place and feel that it's a good fit for you, go for it. Hedging your bets that the price will fall a bit more seems like a big risk to take. If the seller is eager to get on with the closing, perhaps your reluctance can spur them to renegotiate your deal -- get them to pay the transfer taxes or other closing costs, pay the common charges for a year or throw in some new appliances, something like that.
Posted by: ctrlaltdel at October 7, 2008 9:57 AM in response to Break contract or not?
Clermont Condominiums and 234 Greene Avenue are both going rental
Posted by: ctrlaltdel at October 1, 2008 3:01 PM in response to New Contruction Rentals?
For another opinion..
I went to see 927 Pacific on Sunday and it was horrible - standing water in the common areas, a garage for a lobby, oven in the living room, poured concrete floors and walls that looked more 'unfinished' than industrial, tiny bedroom with a little study to the side that would be useful only as a walk in closet, light fixtures that didn't line up with the cut outs in the drywall.....and while those glass panels that serve as a front door might be nice to have open on some nights, they'd make more sense in Miami.
Posted by: ctrlaltdel at September 16, 2008 11:46 AM in response to Checking In On Hello Living
@Neyo...
Not at all. I'm the snitch, and I'm also a buyer there.
Posted by: ctrlaltdel at September 15, 2008 10:38 AM in response to Sneak Peek at the Isabella Condos
Responses to Author's Forum Comments
When I was looking for apts a long time ago, this was a scene I came across more times than I would have expected. Then it kind of became a surprise when I did NOT see someone crashed out on a futon/couch/dingy mattress on floor, usually surrounded by a variety of bongs and occasional baggies of product. It became sort of a game for me "Find The Stoner".
Posted by: honeycut at December 4, 2008 7:22 PM in response to Funny photo from rental listing
Isn't there one agency that won't even show pix of bedrooms - I guess this one is the opposite end of the pendulum
Posted by: mimi at December 5, 2008 3:14 PM in response to Funny photo from rental listing
Brown Harris Stevens has a policy of not showing bedrooms, Mimi.
A couple years ago we saw a brownstone in North Park Slope for sale not rent (for $2.5 million at that) in which both tenants in the 2 rental units had refused to leave for the open house. They were hangin' out and hadn't cleaned their messy, run-down apartments. One guy was a middle aged gay man, another guy was a divorced man who had his toddler son for the weekend so the kid was there too. It was so uncomfortable to invade their space. Anybody who bought that place for $2.5 million would surely not keep that house in the same layout, it was so chopped up in a dumb way. These people knew they'd be kicked out by any new owner. During that same time we looked at another house for sale and the tenant in the rental unit had also stayed in her apartment during the open house and was cooking fish giving us all surly looks! Hilarious. It was so smelly.
Posted by: traditionalmod at December 5, 2008 7:18 PM in response to Funny photo from rental listing
Back in the day, large breasted female tenants used to parade around in skimpy towels while I changed their light bulbs.
Those were the days.
Posted by: IronBalls at December 5, 2008 9:33 PM in response to Funny photo from rental listing
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Posted by: jones9985 at January 1, 2009 5:10 AM in response to Funny photo from rental listing
EXCELLENT title for this post.....going to listen to them now!!
Posted by: ctrlaltdel at January 8, 2009 11:29 AM in response to Sisters of Mercy: First and Last and, Hopefully, Always*