Buying a Home in New York: Making an Offer

Buying a Home in New York | The Amateur Everything

I had a sudden panic attack after J and I made our first offer on an apartment. We had been looking for few weeks and saw an apartment that hit all of our main criteria — two bedrooms, spacious, decent kitchen, amenities (elevator building with laundry), manageable distance from public transportation, and it was in our price range. It even had a friendly doorman and a gym! We went back again during the next week’sĀ open house to check it out and speak some more with the realtor, who was warm, helpful, and made us feel incredibly comfortable. J and I decided to go in without negotiating and offer the asking price. An hour later our offer was accepted and that’s when I panicked.

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Buying a Home in New York: The People in Your Corner

Buying a Home in New York | The Amateur Everything

One thing I learned during the home buying process was that every single step involves at least two other parties. Because of this, you need to assemble a team that you can trust and like to work with. Think of this part as your Ocean’s Eleven (but not eleven, more like three). You should probably have your team assembled before you go to open houses, but if you’re like J and I and have no idea what you’re doing, then you’re probably doing everything at once — researching, submitting items for pre-approval, going to open houses, asking realtors at open houses if they would recommend getting a realtor (their answers will probably leave you more unsure), and trying to figure out how the hell you’re supposed to find a real estate attorney. Regardless, here are the folks you need to look out for:

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Buying a Home in New York: Open Houses

Buying a Home in New York | The Amateur Everything

By the time you’ve gotten through all the pre-research and have your commitment letter, you are probably raring to look at some candidates for your future Home Sweet Home. This is the best part of the entire process leading up to home ownership, so enjoy it! This is also probably a good time to get a realtor (if not earlier?), but J and I breezed through that step and jumped heads first into the world of open houses. Looking back, I would possibly recommend getting a real estate agent because if this is your first time, it can be quite confusing to go it alone. Realtors can assist you through the negotiating process when you want to make an offer and many have specific neighborhood knowledge that can benefit you. That said, there are a lot of agents out there so it’s good to find one who understands what you’re looking for — luxury? Pre-War? Fixer-upper? Move-in ready? Find someone in tune with your needs.

As I said, though, J and I just decided to go for it and start looking at places on our own.

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