Your Home Buying Team: The 3 key people you need when buying a home

While it may not “take a village” to find the home of your dreams, it does take a “team” of key people to ensure that you not only find the best property but that you are able to successfully purchase it. Below are the three key team members you need to gather before you even begin your search. 1. Licensed Salesperson – Your agent is going to be an extension of you on your journey to finding a home, doing most of the leg work to sort through properties and present the best options based on your criteria. You will want to find an agent that is experienced in the marketplace and has the backing of a brokerage firm with access to the most up-to-date property database. When considering an agent, make sure to pay attention to how well they listen to you and your needs. Your agent should understand your needs and wants but also be able to educate you on the current market to help you set realistic goals for your home finding process. 2. Mortgage Lender or Bank – Choosing a lender can be a daunting task. Your agent should be able to recommend someone, but you can also ask friends or business associates for a referral. Getting a referral from your agent or someone you know can be helpful if they have a relationship with the lender and have worked with them before. No matter who you are considering, you will want to check their credentials and make sure they are in good professional standing. You will also want to learn as much as you...

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Stuy Town Tenants to Save More Money With New Settlement A agreement between the Stuyvesant Town–Peter Cooper Village Tenants Association and their landlord CWCapital was reached today in regards to rent increases from Major Capital Improvements(MCIs) made by previous owner Tishman Speyer in 2009. Residents learned last fall that rents would be going up to account for the video intercoms and security system that Tishman Speyer installed in 2009 (the increase took that long to implement because these things require approval from the Department of Homes and Community Renewal and DHCR only issued their approval last October). Tenants were going to have to pay and additional $4.17 per room in their apartment, as well as a retroactive portion to account for the 47 months that the intercoms had been operating. The new settlement eliminates 100 percent of these retroactive charges and eliminates the permanent increase for certain tenants. Earlier this year, the tenants association and CW Capital reached a separate agreement for a one month rent reduction to account for services lost as a result of Hurricane Sandy. Tenants are still waiting on rent refunds from overcharges that happened more than four years ago, but at least it seems like things are...