First-time NYC homebuyers
Clear explanations, honest advice, and guidance through every step of buying your first home in New York City.
An exciting milestone, made manageable
Buying your first home in New York City is an exciting milestone, but navigating the process can feel overwhelming. From understanding the differences between co-ops and condos to preparing board packages and negotiating offers, there is a lot to consider.
My approach is to make the experience as seamless and enjoyable as possible. I take the time to understand your priorities, explain each step clearly, and provide honest, thoughtful guidance so you can make informed decisions with confidence.
My process
- Understanding your prioritiesWe begin with a conversation about your lifestyle, budget, preferred neighborhoods, and long-term goals. I’ll help you understand the differences between co-ops and condos so we can establish a clear direction before beginning your search.
- Finding the right fitI’ll identify properties that align with your needs and provide candid insight into each one, from value and location to building financials and potential considerations. Just as importantly, I’ll tell you when I believe a property isn’t the right choice.
- Making a competitive offerOnce you’ve found the right home, I’ll analyze comparable sales, evaluate market conditions, develop an offer strategy, and negotiate on your behalf to secure the best possible terms.
- Building your teamI’ll connect you with trusted attorneys, mortgage professionals, insurance specialists, and contractors, ensuring you have experienced professionals supporting you throughout the transaction.
- Navigating the board processFor co-op purchases, I’ll guide you through the board package requirements, help organize the necessary documentation, submit the completed package, and prepare you for the interview process, including mock interviews when appropriate.
- Closing and beyondMy commitment doesn’t end at closing. Whether you need a contractor recommendation, have a question about your new home, or simply need a little help getting settled, I’m always a phone call away.
Still deciding where to live? Start with my neighborhood guides to the Upper West Side, Lincoln Square, Chelsea, Boerum Hill, and Downtown Brooklyn.
My experience
First-time buyers come in all different forms, at different stages of life, with different needs, priorities, and reasons for purchasing a home. Whatever the circumstances, buying your first home in New York City comes with its own set of questions and challenges, and I’m here to make the process as smooth and straightforward as possible.
From finding the right apartment and negotiating an offer to preparing co-op board packages and practicing for board interviews, I guide my clients through every step. I want them to feel informed, comfortable asking questions, and confident in their decisions.
I’ve even taught a new Upper East Side resident how to ride the city bus! Sometimes helping someone feel at home in New York goes well beyond finding the right apartment.
For current prices and inventory, see the latest Corcoran market reports, or browse my current listings.
“Amy guided us through our first real estate purchase in NYC so wisely and masterfully that we always felt [Amy] was looking out for us.”
“Amy did a lot of handholding, and mock interviews and helped us in finding a NYC real estate attorney, an insurance agent and even a contractor.”
“[Amy] made the whole entire process of buying my first apartment so easy!”
Frequently asked questions
What is the difference between a co-op and a condo?
With a co-op, you buy shares in a corporation that owns the building, and a board reviews your finances and interviews you before you can buy. With a condo, you own your apartment as real property, approval is usually simpler, and rules on renting it out are often more flexible.
How much do I need for a down payment?
It depends on the building. Many co-ops require at least 20 percent down, and some require more, along with cash reserves after closing. Condos are often more flexible. I help you understand each building’s requirements before you fall in love with an apartment.
What is a board package?
It is the application a co-op board reviews before approving a buyer. It usually includes financial statements, tax returns, bank statements, your mortgage commitment, and reference letters. I help you organize it, submit it, and prepare for the interview.
What closing costs should I expect as a buyer?
Buyers typically pay their attorney, mortgage and bank fees, and building fees, and condo buyers also pay title insurance. Purchases of $1 million or more are subject to New York State’s mansion tax. Your attorney will give you exact figures.
Do I need a real estate attorney?
Yes. In New York City, attorneys negotiate and review the contract and handle the closing. I can introduce you to attorneys I trust.
How long does buying a co-op take?
After an accepted offer, it usually takes about two to three months to close a co-op, because of the contract, financing, and board review. Condos can often close a little faster.
This is general information, not legal, tax, or lending advice. Your attorney and lender can advise on your situation.
Ready to start your search?
Tell me what you’re looking for, or just send a question. I’ll reply personally, whether you’re ready to buy now or still planning.
Whether you’re ready now or just starting to think about it, I’m happy to chat.
