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Your Bizzarro Buyer’s Agent- Part Two

Even for an experienced home buyer, the New York market can be overly complicated that’s where The Bizzarro Agency comes in.

 

Negotiation Skills: Bizzarro agents are highly trained and experience negotiators, getting you the best price and terms.

Volumes of Paperwork: You and your agent will work with a specialised team to compile 300 page application packages.

Professional Networking: We keep great relationships with highly skilled lawyers, banks, etc., that are at your disposal.

Keen Market Awareness: We pour through real time housing data analysis and have our fingers on the pulse of market trends.

Way Beyond Closing: We strive to become your number one real estate resource for life, always ready and able to help.

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Your Bizzarro Buyer’s Agent

Even for an experienced home buyer, the New York market can be overly complicated that’s where The Bizzarro Agency comes in.

 

Hyper-Local Expert: We live uptown and have hyper-local knowledge. We know the available inventory and what’s coming up.

Serious Experience: You don’t need to know everything about buying real estate when you hire a professional who does.

Buffers & Bodyguards: Don’t get spammed by others! Save time and energy by only seeing the best properties in NYC.

Trust & Confidentiality: We promote and protect the interests of our buyers, acting as trusted advisors and confidants.

Master Guidance: We guide you through forms, procedures and more, providing a seamless buying experience

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Between Contract and Closing in Co-ops

Purchases in co-ops must first be approved by the building’s board.

 

In order to be considered, buyers must submit a purchase application that includes tax returns, recommendation letters, financial statements and much, much more. Clients of The Bizzarro Agency work with a dedicated Client Success Manager that compiles and submits their purchase application.

For those financing, the mortgage lender will start by conducting an appraisal and verifying the property’s value. After a successful appraisal the bank will issue a Commitment Letter (thus completing the purchase application).

After reviewing the purchase application, the co-op board will either ask the buyer for an interview or deny their application. Pending board approval, a closing date is set by the attorneys.

Lastly, the buyer conducts a final walkthrough 24 – 48 hours before closing.

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Once Your Offer is Accepted

An “Accepted Offer” is the start of a critical week-long process between buyers and sellers.

 

Because the verbal agreement is not legally binding, lawyers must work as quickly as possible to finalize and execute a contract. The final contract will lay out all the terms of the deal, such as price, contingencies, and anticipated closing date.

The contract cannot be signed, however, before the buyer’s legal representative conducts due diligence. The buyer’s attorney must review and approve the building’s financials, board minutes, offering plan.

Once due diligence and negotiations are complete, the contract is signed by both the buyers and the sellers. The buyer will then be expected to deliver the initial down payment, which the seller’s attorney will hold in escrow pending closing.

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