Accepting an offer
The Price Is Not Always Right
In New York City, the highest number on the table doesn’t always mean the best deal. A strong offer can be about more than price it can include all-cash terms, fewer contingencies, a quick closing, or a buyer’s ability to pass a co-op board interview.
Often, the initial offer is just a starting point, and there may be back-and-forth negotiations before a deal is finalized. Our role is to help you weigh the full picture not just the price tag so you accept an offer that’s both competitive and secure.
Negotiating the Right Way
We take our responsibility to negotiate ethically and strategically very seriously. In NYC, that often means balancing multiple offers, understanding the motivations behind each buyer, and ensuring that every term from financing clauses to closing dates works in your favor.
Our goal is to secure a win-win agreement that protects your interests while keeping the deal moving forward. If several buyers are competing for your property, we’ll guide you in assessing each offer’s strengths so you can choose the one that’s most likely to close smoothly.
The Initial Agreement and Deposit
In New York, a binding contract isn’t formed until both parties sign a purchase agreement and the buyer delivers the contract deposit typically 10% of the purchase price held in the Seller’s attorney’s escrow account.
Until that point, offers are not legally binding, so speed, precision, and clear communication are critical to locking in the deal.
Tips for a Smooth Transaction
- Keep Written Records All agreements counteroffers, deadlines, and contingencies should be documented in writing and signed by both parties. We’ll prepare, review, and track all paperwork to ensure nothing is missed.
- Stick to the Schedule Once contracts are signed, both sides commit to a closing timeline. In NYC, this often includes deadlines for mortgage commitments, board package submissions, and final walk-throughs. We’ll make sure you stay on track, meet all requirements, and are fully prepared for each step.