RESOURCES

 

PROCESS:

STEP 1 - Start preparing for your home search approximately 30-45 days prior to the date you wish to move. Determine your budget, explore neighborhoods, search listings on our website, and complete a RENTER QUESTIONNAIRE to be paired with a qualified renter's agent who can assist you.

STEP 2 - Prior to meeting with your renter's agent, you should review and sign the NYS required AGENCY DISCLOSURE form and prepare supporting documents, including the first page of your tax returns from the past two years or letter from the CPA verifying income, bank account statements from the last three months, and most recent pay stubs or employment letter. Additional documents or information may be required depending on the landlord or management company.

STEP 3 - Once you have decided on a property to rent, you may APPLY ONLINE in most situations.

STEP 4 - If the landlord approves your application, the agent will prepare the lease for you to review and sign and the fees, rent, and security deposit are also due. Payment options include certified checks or you may PAY ONLINE.

STEP 5 - The landlord will countersign the lease, your agent will release the keys to you, and you may need to coordinate the move with the management company, if applicable. *If applying for co-op or condo, board approval which can take about another month may be required prior to moving in.

Rental Agency Disclosure Form


FAQs:

What are the financial requirements to qualify for a rental?

Why should I use a Renter's Agent?

Do I have to pay a broker's fee?

When should I start my search?

What documents do I need to provide when renting a property in NYC?

Who may qualify as my guarantor?

How long does it take to get approved?

Will having a pet affect my search?

How much funds will I need to prepare prior to lease signing?

What are the different types of buildings available in NYC?

PROCESS:

STEP 1 - Start preparing for your home search at least a couple of months prior to the date you wish to move as it could take 60 to 120 days to complete the closing process, especially if you're obtaining financing or planning to purchase a co-op requiring board approval. Determine your budget, decide on the type of property you wish to purchase, explore neighborhoods, search listings on our website, and complete the BUYER QUESTIONNAIRE so you can be paired with a qualified buyer's agent who can assist you.

STEP 2 - Prior to meeting with your agent, you should review and sign the NYS required AGENCY DISCLOSURE form and get pre-approved for a mortgage (if obtaining financing). Ask your agent for a list of preferred lenders who can best assist you based on your needs and the type of property you will be purchasing.

STEP 3 - Once you have identified a property to purchase, complete the OFFER FORM, and provide the pre-approval letter or proof of funds to your agent.

STEP 4 - Your agent will provide you with comparable listings to determine the appropriate price to offer and negotiate the price and preliminary terms on your behalf. If your offer is accepted, you will provide your agent with your attorney's name and contact information,obtain an inspection, and review the contract and building financials (if condo or co-op) with your attorney. Ask your agent for a list of preferred inspectors and attorneys who can best assist you.

STEP 5 - Once the attorneys finalize the contract terms, you will sign the contract and submit a good faith deposit (usually 10%), which is held in the seller's attorney escrow account.

STEP 6 - If you are obtaining a mortgage, your loan officer will order an appraisal and collect documents required to obtain a mortgage commitment.

STEP 7 - If you are buying a co-op or condo, you will need to complete a board application, which will be submitted with the executed contract,mortgage commitment, and additional supporting documents for board approval. Your agent will also prepare you for the co-op board interview.

STEP 8 - Once the bank is ready to release the funds a closing date is set and your agent will schedule a final walk through. Before you move in, you should obtain homeowners insurance and, if applicable, coordinate your move with the management company.

Sales Agency Disclosure Form

FAQs:

What can I do to facilitate the buying process?

Why should I hire a buyer’s agent?

When should I begin my search?

What is the difference between a condo and a co-op?

Do I need to get pre-approved?

Why should I hire a real estate attorney?

How do I complete a board package?

How can I prepare for a board interview?

How much are closing costs? 

 

PROCESS:

STEP 1 - Contact us for a FREE VALUATION of your property.

STEP 2 - Locate your Abstract of Title/Title Insurance Policy, provide your agent with the Offering Plan and building financials (if condo or co-op), review and execute the listing agreement and NYS required AGENCY DISCLOSURE, and complete the LISTING QUESTIONNAIRE.

STEP 3 - Order an inspection for your home, evaluate with your agent any repairs or renovations that should be made, and "stage"  the property with your agent's assistance or with a professional stager, if needed.  Ask your agent for a list of home inspectors and stagers.

STEP 4 - Your property is photographed,a virtual tour and floor plan are created (as needed), and your property is listed.

STEP 5 - Your agent begins showing your property, presents you with offers, and negotiates on your behalf.

STEP 6 - Once you accept an offer, let your agent know which attorney you will be using so a deal sheet can be prepared and your attorney can prepare a contract to send to the buyer's attorney.  If the offer is contingent on a satisfactory inspection, you will need to give your agent access to show the inspector your property, including the roof and mechanicals.

STEP 7 - Once the attorneys finalize the contract terms, the buyer's attorney will send your attorney a buyer-executed contract and good faith deposit and have you countersign the contract.

STEP 8 - If your buyers are obtaining financing, your agent will facilitate the appraisal process by showing your property to the bank appraiser and providing comparable listings that the appraiser may use in the appraisal report.

STEP 9 - If there are any punch list items that still need to be completed, your agent can help facilitate this process.

STEP 10 - Once bank is ready to release the funds and board approval is granted (if applicable), a closing date is set and the buyer's agent will schedule a final walkthrough with your agent.

Sales Agency Disclosure Form

FAQs:

Why hire an exclusive agent?

How long will it take to sell my property?

How is the value of my property determined?

How can I increase the value of my property?

How can staging help sell my property for more?

How to prepare for an open house?

When is the best time to put my property on the market?

What happens at the closing?

How much are closing costs?

 

PROCESS:

STEP 1 - Contact us for a FREE VALUATION of your rental property.

STEP 2 - If you decide to hire Rahmé Real Estate, your agent will send you a listing agreement, a LISTING QUESTIONNAIRE, and NYS required AGENCY DISCLOSURE for you to review and execute.

STEP 3 - Discuss with your agent any repairs or renovations that need to be made and how to prepare your property for showings prior to listing.

STEP 4 - Your property is photographed, a virtual tour and floor plan are created (as needed), and your property is listed.

STEP 5 - Your agent will review any applications with you and once you accept an applicant your agent will prepare a lease for your review.

STEP 6 - Once you receive the tenant-executed lease with rent and security payment you will countersign the lease and release the keys to the agent.

STEP 7 - If applicable, complete any unfinished punch-list items prior to the tenant's move-in date. Your agent can assist by referring a trusted contractor and oversee the process. *If your property is a co-op or condo, then board approval may be required before your tenant may move in.

Rental Agency Disclosure Form

FAQs:

Why hire an exclusive agent?

Who pays the broker's fee?

How long will it take to rent my property?

How is the value of my property determined?

How to prepare for an open house?

When is the best time to put my property on the market?

 

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