Seller’s Guide:
- Price of Property
Our Marketing strategy is to explore the current market price of the property in that location for fair and competitive pricing. - Website Listing
Your property will be widely marketed through our Website. - Advertisement
Our medium of advertising is the New York Times, as well as other local print media. - We will be available to manage Open Houses at any given time should the need arise. Our office assistant will diligently contact our potential clients via telephone, electronic mails and direct mailings to keep them updated with our property listing.
- You, the SELLER, will be frequently informed on the status of your property. Offers to purchase will be provided for your records. Our expertise in managing your property will reflect in the documents meticulously investigated and processed.
- Park Avenue International Partners, Inc. will be providing professional assistance throughout the negotiations. Our dependable team will be there with you until the sale is closed. Rest assured, we will provide you with personalized guidance until the process is over and you, the SELLER, is guaranteed a deal that is fair and satisfactory.
Closing Cost
| Attorney’s fee | $1,800 and up |
| Managing agent fee | $500 (approx.) |
| Move-out deposit | $500-800 |
| New York City transfer tax | 1% of condo price up to $500,000 1.425% of price over $500,000 |
| New York State transfer tax | $2 per $500 of price |
| Title company fee | $100 (approx.) |
| Bank attorney for payoff | $300 |
Buyer’s Guide:
Park Avenue International Partners, Inc. will assist you in choosing a variety of property types according to your needs from Cooperative Apartments, Condominiums to Townhouses/Brownstones.
Select a real estate professional and work together to plan a budget toward purchasing a property for your investment. Obtain a pre-approval from a financing institution for a mortgage. We will assist you throughout the process to the closing. Decide where you would like to live. When you find the property you like, make an offer. Negotiate the price and go into a contract signing. It is recommended to use an attorney to handle the closing and contract. We will help you find a good mortgage broker for obtaining the best financing plan for your needs. The bank issues a commitment letter when approved. When the co-op or condo board approves your application, your attorney will prepare documents for closing. Follow your attorney’s instructions for check issuance for closing expenses. The closing cost will be approximately 5-6% of the purchase price.
Renter’s Guide:
Park Avenue International Partners, Inc. covers all residential locations in Manhattan from midtown, downtown, upper eastside to upper westside. The types of properties include condominiums, cooperatives, townhouses and commercial buildings. Determine the best area where you would want to reside. New York City comprises of five boroughs: Manhattan, Brooklyn, Queens, The Bronx and Staten Island.
Manhattan’s streets and avenues criss-cross the city. Avenues runs north and south, while streets go east and west. Central Park is centrally located in the city. Fifth Avenue divides the East and West sides. Midtown is the area between 34th and 65th streets. Uptown is above Midtown to the North and Downtown is below, to the South. If you are a newcomer in New York City, it is worth mentioning that every neighborhood has a character of its own, and hass all the available services to cater the local resident’s daily needs. Generally, rental prices in Manhattan is fairly consistent.
Choose a good, qualified broker that can best serve your needs for comfortable living, and more importantly, provide easy but appropriate lease contracts for a smooth relocation and prevent problems in the future. For more information, contact us.