time line for purchasing a manhattan apartment: Relocation Guide: Time Line For Purchasing A Manhattan Home
- 02/17/08 09:42 AM
Time Line Guide For Purchasing
1. Mortgage Pre-Approval:
Typical Time frame: 30 minutes - 2 hoursYou must know how much you can spend before you spend it. Condominium apartments require at least 10% down; cooperatives generally require at least 25% down. However, every building is different. Go to this web site to get pre-approved and start the mortgage process.
2. Find an apartment:
Typical Time frame: 3 - 6 months before closing.Depending on what you are looking for, the length of your search will vary. The average person sees 10 - 25 apartments before deciding on one. Viewing apartments on-line can save … (11 comments)
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