Heather M. Cooper - Compass, New York, NY

𝓒𝓪𝓷 𝔂𝓸𝓾 𝓻𝓮𝓷𝓽 𝓸𝓾𝓽 𝔂𝓸𝓾𝓻 𝓒𝓸-𝓸𝓹 𝓪𝓹𝓪𝓻𝓽𝓶𝓮𝓷𝓽 𝓲𝓷 𝓝𝓮𝔀 𝓨𝓸𝓻𝓴 𝓒𝓲𝓽𝔂?

The answer is - it is not always straight forward?
If renting in the future is important to you, then a Co-op may not be the right investment for you as sublet policies and fees to do so are not that flexible.
For the most part, Coops have different sublet policies for each Coop as it all depends on the Coop Board.
Many coops will have sublet policies that you can lives for 2 or 3 years then rent it out for a certain amount of time such as 2 or 3 years then there is board approval and there are fees to the owner/shareholder as well as renter and board approval and a board package.
Please take note when buying a Coop of these policies . We cannot predict the future and what comes to us in our life, but we should know what we are buying into.

If you have any questions, please feel free To DM me, call or text me. 🙏

𝓦𝓱𝓪𝓽 𝓘𝓼 𝓪 𝓕𝓲𝓻𝓹𝓽𝓪 𝓣𝓪𝔁 𝓪𝓷𝓭 𝔀𝓱𝔂 𝓼𝓱𝓸𝓾𝓵𝓭 𝔂𝓸𝓾 𝓫𝓮 𝓬𝓸𝓷𝓬𝓮𝓻𝓷𝓮𝓭 𝓪𝓫𝓸𝓾𝓽 𝓲𝓽 𝔀𝓱𝓮𝓷 𝓹𝓾𝓻𝓬𝓱𝓪𝓼𝓲𝓷𝓰 𝓲𝓷 𝓝𝓨𝓬 𝓪𝓼 𝓪𝓷 𝓘𝓷𝓽𝓮𝓻𝓷𝓪𝓽𝓲𝓸𝓷𝓪𝓵 𝓑𝓾𝔂𝓮𝓻?

If you are purchasing an investment property this is something you should be aware of ! Call or DM for any questions ! 🎃😊

𝓕𝓸𝓾𝓻 𝓽𝓱𝓲𝓷𝓰𝓼 𝓲𝓷 𝓝𝓨𝓒 𝓽𝓱𝓪𝓽 𝓵𝓪𝓷𝓭𝓵𝓸𝓻𝓭𝓼 𝓵𝓸𝓸𝓴 𝓯𝓸𝓻 𝓯𝓻𝓸𝓶 𝓻𝓮𝓷𝓽𝓮𝓻𝓼
1️⃣. Good credit is a must !
2️⃣. You must earn 40 times the rent or have a guarantor that earns 80 times the rent
3️⃣. Steady income - show paystubs, tax returns , etc
4️⃣. Letter of employment .

As always, if you need help with real estate or need help finding. Rental or renting out your apt, please feel free to reach out .

4 𝓣𝓱𝓲𝓷𝓰𝓼 𝓽𝓸 𝓬𝓸𝓷𝓼𝓲𝓭𝓮𝓻 𝓪𝓼 𝓪𝓷 𝓘𝓷𝓽𝓮𝓻𝓷𝓪𝓽𝓲𝓸𝓷𝓪𝓵 𝓑𝓾𝔂𝓮𝓻 𝔀𝓱𝓮𝓷 𝓹𝓾𝓻𝓬𝓱𝓪𝓼𝓲𝓷𝓰 𝓲𝓷 𝓝𝓨𝓒?
1️⃣. Always a good idea to purchase a condo over a coop especially when you do not have credit in the States.
2️⃣. If you are an investor good to know about the rules for renting and you should speak to an attorney, if you should have an LLC.
3️⃣. Location, location, location .. sooo important . It’s NYC so many amazing locations . But where do you want to be and what can your budget afford you ?
4️⃣. If you are paying cash, then listing brokers/sellers wants to see proof of funds.

If you are an International buyer or have a friend or colleague looking to buy and they are overseas or are from overseas, please feel free to DM me . 🙏.

𝓕𝓲𝓿𝓮 𝓡𝓮𝓪𝓼𝓸𝓷𝓼 𝓽𝓸 𝓜𝓸𝓿𝓮 𝓽𝓸 𝓽𝓱𝓮 𝓤𝓹𝓹𝓮𝓻 𝓦𝓮𝓼𝓽 𝓢𝓲𝓭𝓮
1️⃣Cultural Mecca- Lincoln Center, NYC Ballet, Metropolitan Opera and NY Philharmonic.
2️⃣. Historic Buildings - architecture to die for and buildings such as Ansonia, and Dakota to name a few.
3️⃣. Many movies and TV shows have been filmed here .
4️⃣. Museum of Natural History
5️⃣. Riverside Park - it’s gorgeous 🔥

If you have any questions about the Upper West side or real estate in general, please feel free to reach out . 🙏

𝓣𝓸𝓹 𝓕𝓲𝓿𝓮 𝓽𝓱𝓲𝓷𝓰𝓼 𝓪 𝓢𝓮𝓵𝓵𝓮𝓻 𝓼𝓱𝓸𝓾𝓵𝓭 𝓪𝓼𝓴 𝓪 𝓡𝓮𝓪𝓵 𝓔𝓼𝓽𝓪𝓽𝓮 𝓐𝓰𝓮𝓷𝓽 𝔀𝓱𝓮𝓷 𝓼𝓮𝓵𝓵𝓲𝓷𝓰 𝔂𝓸𝓾𝓻 𝓹𝓻𝓸𝓹𝓮𝓻𝓽𝔂?

1️⃣.Experience - What is your experience/track record with condos, coops, a particular area? Price point? Building?
2️⃣. Marketing - What type of marketing will you do ? A video? Social media ? How ? When ?
3️⃣. How are they going to determine the list $$?
4️⃣ What is your communication style?
5️⃣ What is your negotiation strategy ?

If you have any questions about the real estate market, please feel free to DM me. 🙏.

𝓗𝓸𝔀 𝓬𝓪𝓷 𝔂𝓸𝓾 𝓬𝓸𝓶𝓹𝓮𝓽𝓮 𝔀𝓲𝓽𝓱. 𝓪 𝓬𝓪𝓼𝓱 𝓸𝓯𝓯𝓮𝓻 ?
1️⃣. You can present A higher offer
2️⃣. You can pay all. cash also
3️⃣. You cam waive any and all contingencies.

If you have any questions, please feel free to reach out via dm or call. 🙏.

𝓓𝓸 𝔂𝓸𝓾 𝓰𝓮𝓽 𝓪 𝓫𝓮𝓽𝓽𝓮𝓻 𝓭𝓮𝓪𝓵 𝓲𝓯 𝔂𝓸𝓾 𝓭𝓸 𝓷𝓸𝓽 𝓱𝓪𝓿𝓮 𝓪 𝓑𝓻𝓸𝓴𝓮𝓻?

I wish I could say that my colleagues and fellow agents were going to say that every buyer that comes to purchase one of their listings is going to get the “deal of the century”, but unfortunately that is not true !

WHY?

1️⃣ The commission has already been set
2️⃣ a Broker will negotiate a better deal than you can get on your own !
If you are serious about buying use an experienced and knowledgeable broker and it doesn’t have to me !

If you have any questions, about the current state of the real estate market, please DM me or feel free to call.

𝓦𝓱𝓪𝓽 𝓲𝓼 𝓪 𝓵𝓪𝓷𝓭 𝓵𝓮𝓪𝓼𝓮 𝓫𝓾𝓲𝓵𝓭𝓲𝓷𝓰?
It is a building that does not own the land that it sits on. Instead the 🏙️ rents the land from a separate landowner, who retains ownership of a parcel of land but leases the building built on it . Land-leases are typically about 100 years in length .

How can if affect you when buying ?
1️⃣ Higher ⬆️ maintenance
2️⃣. Some buildings may not be approved for a mortgage because of this .

How does it affect sellers when selling ?
1️⃣. They may have to price it lower because of the higher maintenance
2️⃣. Apt may linger on the market longer because of a Landlease
3️⃣. Have to have a good strategy when putting it on the market. It is a unique property, therefore it calls for “unique” marketing.

If you have any ⁉️ on land leases or the real estate market, please feel free to DM me or 📲 me. 🙏.

𝓢𝓱𝓸𝓾𝓵𝓭 𝔂𝓸𝓾 𝓻𝓮𝓷𝓸𝓿𝓪𝓽𝓮 𝔂𝓸𝓾𝓻 𝓪𝓹𝓪𝓻𝓽𝓶𝓮𝓷𝓽 𝓫𝓮𝓯𝓸𝓻𝓮 𝓼𝓮𝓵𝓵𝓲𝓷𝓰 𝓲𝓽?

This is always an important question when talking to sellers. Should they invest money to make more money when you sell?

All sellers want to make 💰💸💰and get a return on investment when they sell. Isn’t that what all sellers/owners want? Of course and absolutely !

Sometimes in order to make $$ you have to invest some money to fix up your apartment. Why should you do this ?

1️⃣. Many buyers do not want to put in any work and like to purchase a renovated apartment.
2️⃣. You will get a higher price and it will sell quicker .
3️⃣. Sometimes it takes being strategic and using services like Compass Concierge and having the apartment look beautiful to get the $ you want and work with. Good agent and contractor who can help you plan when to start the work, based on when you would like to list the apartment .

If you have any questions, as always please feel free to reach out. 🙏😊.

Do you need to use a real estate attorney when buying or selling a home in New York City?

The answer is ABSOLUTELY!

When you have your biggest asset at stake you want to make sure that you are making the right investment decision and purchasing into a building with good financials and that there are "NO RED FLAGS".

What does an attorney do when you are buying a coop or condo ?

1️⃣ Review Financials of building
2️⃣ Review board minutes to make sure that there are no upcoming assessments or problems in the building.
3️⃣ Review contract with seller's attorney and with buyer
4️⃣ Review all closing documents and liaise with bank, title company and attend closing.

As for sellers your attorney will review the contract and will be at closing and if there are any additional issues the attorney will address before closing.

As always, if you have any questions, about real estate, please feel free to reach out. 😃

So you decided to sell your most important asset, your HOME.
Why is STAGING your apartment so important?
Here are three (3) reasons why it is a Good Idea to stage your apartment.
1️⃣. Enhances Visual Appeal for buyers who are seeing it . Staging makes the apartment feel more inviting, and it can be showcased in its best lights and it can help buyers envision themselves in the apartment.
2️⃣. Facilitates emotional connection- when buyers walk into a staged apartment it creates more of a welcoming ambiance which evokes positive feelings and a sense of comfort for buyers . This can influence buyers decision making and make them more inclined to visualize themselves living here.
3️⃣. Maximizes perceived value - when buyers see a well staged apartment, they often perceive it as well-maintained, move-in ready, and worth the asking price. This can lead to increased offers and a higher likelihood of selling at or above the list price . when buyers see a well staged apartment, they often perceive it as well-maintained, move-in ready, and worth the asking price. This can lead to increased offers and a higher likelihood of selling at or above the list price .
When buyers see a well staged apartment, they often perceive it as well-maintained, move-in ready, and worth the asking price. This can lead to increased offers and a higher likelihood of selling at or above the list price .

If you have any questions about staging your apartment, selling or real estate, or if you know anyone that has any questions, please feel free to reach out. Thank you🙏

Why should you buy a Coop over a Condo in NYC?

There has been much discussion about coops and the benefits of buying over condos .

1. 𝓐𝓯𝓯𝓸𝓻𝓭𝓪𝓫𝓲𝓵𝓲𝓽𝔂 𝓸𝓯 𝓒𝓸𝓸𝓹𝓼
they are certainly a less expensive option to condos and 80 percent of the product in NYC. The maintenance is lower and there are no taxes to be paid . The taxes are included in the maintenance and every coop has a certain percentage of the maintenance that you can deduct on your taxes.

2. 𝓒𝓵𝓸𝓼𝓲𝓷𝓰 𝓒𝓸𝓼𝓽𝓼 - They are less than condos as it is not real property so no mortgage recording tax and no title insurance .

3. 𝓒𝓸𝓶𝓶𝓾𝓷𝓲𝓽𝔂 - when you own in a coop you are called a shareholder as opposed to a condo being real property. The community can consist of board members and you as a shareholder can vote on things being done in the building , salaries, assessments or any work that needs to be done. It is nice to have voice or a say in this process.

If you have any questions about coops or the purchasing process in NYC, please feel free to reach out . 🏡🙏😊