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Apartments 2009
The bottom line
Good news! Asking figures on NYC co-ops and condos have fallen by as much as 25 percent, and they’re probably going to drop more before the market rebounds. Forecasters say the recovery won’t kick in for at least six months (and maybe not for two years), but now is the time to start preparing to plunk down your dough. Part of that prep is taking a reality check. To help you calculate your costs, we asked three recent buyers to reveal how much they forked over, total—because even with President Obama’s $8,000 tax break for first-time buyers, the price of scoring that deed can be a big one.
NEXT DIYer's delight
Lower your rent
Falling prices, new deals and the hottest 'hoods—take advantage of the recession now!
Time Out New York / Issue 708 : Apr 23–29, 2009
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Congratulations, Cassie. But u overpaid $500-600 for your attorney on the new place (&perhaps on the snooty Gramercy coop that nixed your app as well). Defnitely overpaid (by around $500) on floor refinishing, unless it included some actual floor replacement, ¬ merely a sanding &poly. Kudos 2 your broker 4helping u get the price down. This should prove 2 all buyers that it is in their best interest to get their own broker, ¬ expect a better deal going thru the exclusive bkr.