The New York City real estate market is known for its excitement and dynamism and part of the reason for this is its unique co-op market. Applying for and living in co-ops vary greatly from normal real estate transactions, making it a complex process.

As co-ops make up for 75% of New York City’s apartment buildings, its important that buyers understand how to navigate the co-op world. This article will cover everything you need to know about buying a co-op in New York City, from being approved to making an offer. 

Whether you have years of experience as a real estate agent or are just starting out in the industry, you may be wondering what type of real estate you should specialize in- residential or commercial. 

Both residential and commercial real estate both present potential pros and cons for an agent’s career and have different qualifications to succeed. In addition, one type of real estate may work better for one agent over another based on their experience and personal characteristics. 

When considering moving to a new space, you may find yourself debating whether you should buy or rent. Specifically in New York City, renting has become the more popular option. However, is it the wiser choice? At SPiRALNY, we don’t think so.

While renting may require less upfront costs, buying an apartment is the better long term decision. Over time, your property will gain value and help you save money, not to mention the pride of owning your own space. Here are a few reasons we at SPiRALNY recommend buying a home, rather than renting. 

Every real estate agent goes about their day differently, and such is the case for SPiRALNY agents. At SPiRALNY, we make it a point to not micromanage our agents or dictate how they conduct their workdays. However, there are certainly are a few daily habits and practices that help agents advance in their real estate careers. Here is what a typical day in the life of a SPiRALNY agent looks like. 

Purchasing a home is one of the biggest, and most important, decisions a person can make in their life. Not only will they spend decades ahead in the home they buy, but it is also a huge financial undertaking. At SPiRALNY, we understand the gravity of purchasing a home, and as a result, we make sure our agents are prepared to be the support a client needs during this time.

As a buyer’s agent at SPiRALNY, you will need to be experienced enough to guide a client through the process of buying a home, while also acting as their emotional support. Here are a few of the most important steps when helping a client buy a home in the New York City real estate market.