Don't Be The Weak Link In Your Home-Buying Chain

House chains. Who would have them? They’re a headache that can quickly lead to losing your dream property. When it comes to roller coasters in real estate, this is the beast everyone dreads riding.

The sad fact is, a chain in real estate is a delicate thing. And, completion depends on everyone’s paperwork coming together. One person pulling out can lead the whole thing to crumble. And, delays in paperwork can mean nothing works the way it should. When you think about it, it’s amazing anyone manages to buy a house in the first place.

Alas, they do, because more often than not things manage to come together. Still, we’ve all been on the wrong end of a weak buyer link at some stage. It’s frustrating. Which is why, when it comes to buying, you should do everything to ensure you don’t fall guilty of that crime. Of course, to some extent, you’re hostage to solicitors and mortgage brokers. But, there are things you can do to ensure you don’t let the team down. And, we’re going to look at what they are.

Something about your survey
 

Most of us take care of home improvements before putting our homes on the market. All the better for getting a good deal and surviving the survey. But, some of us think we know better and list our houses in haste, assuming everything will be fine. If you make this mistake, though, you can bet the survey will pull up a few skeletons. If that happens, delays are inevitable. As well as risking your sale, a lousy survey means more paperwork and revised offers. And, that’s sure to impact everyone in your chain. Make sure it doesn’t happen by doing a personal survey before you even put your house on the market.

Title complications

Titles and houses are always complicated. For obvious reasons, you can’t sell a home unless your name is on the deeds. This is often a standard aspect you won’t have to worry about. But, if you inherited a house, for example, matters might not be so simple. Inheritance doesn’t automatically lead to deeds. And, you might not even notice that until your solicitors let you know. If you have any concerns in this area, do checks ahead of time. If you aren’t the title owner, you’ll need to contact a company like Estate Planning of Honolulu LLLC, where you’ll find probate attorneys who can help with that exact issue. But, this kind of thing takes time. Take care of it before selling so you don’t leave everyone waiting.

Did you forget your finances?

You should also make sure that start your mortgage process before putting an offer in. Many people offer money they don’t yet have, assuming they can get it before anyone notices. But, mortgage approval can take a while. And, not having that all important confirmation when solicitors ask for it is a real buyer’s faux pas. So, don’t get greedy. Sort your money, then your home.

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Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

New York Terraces To Have All Year Long

While the weather continues to improve we've compiled a list of our favorite listings with Instagram worthy terraces where you'll want to be outside all year round without leaving your home. With a rooftop pool or a kitchen to grill year round you can't go wrong with these options.

87 Mercer Street, PHB - SoHo - Nolita

UPDATE: No longer available

This luxurious Manhattan Penthouse provides the unique opportunity to own a 2,350 square foot bi-level private rooftop terrace with a pool detail. Three sides of floor-to-ceiling Nano doors seamlessly blend the indoor living space with the outdoor roof decks. Whether relaxing by the fireplace or entertaining on the double-level terrace, the features are endless. In the center of the outdoor area is a top-of-the-line Kalamazoo stainless steel kitchen, which includes a 60-inch hybrid grill, a beverage center, a wine fridge, an ice maker, a dishwasher, endless counter space, and a large sink. Here, the city skyline steals the show; from One World Trade to the iconic water towers of SoHo. Completing the terrace experience is a ten-person custom stainless steel water installation and a 55 inch outdoor TV with surround sound.

Price: $24,995,000
Broker: Frances Katzen at Douglas Elliman
See here for more

2150 Broadway, PH1A - Upper West Side, NY 

Prepare to be wowed as you step on the 2,200+ SF landscaped roof deck; it is truly astounding. An entertainers delight, no summer home required! With its custom kitchen and bar outfitted with Kalamazoo appliances, you will only need to choose your favorite angle, your favorite view, as your private oasis offers multiple lounging and dining options.

Price: $23,000,000
Broker: Jennifer Kalish at Douglas Elliman
See here for more

7 Hubert Street, TH3 - TriBeCa, NY

The Townhouse at The Hubert. Have it all with this quintessential family home at a premier full service condo located in the heart of TriBeCa. This extra wide, sun flooded townhouse is perfectly divided into three levels consisting of 4 bedrooms and 5.5 baths. A gracious entryway leads to the main floor including the kitchen with top of the line appliances and an open dining area. Through the kitchen is the private parking garage with accessory space, which can easily be reconfigured to its intended fourth bedroom with separate entry. The center of the home is the expansive 32' wide great room with 12' ceilings and a decorative white onyx fireplace. Massive California doors open out to the secluded 800 sq. ft. patio, complete with an oversized Sundance Spa. 

Price: $18,750,000
Broker: Jane Powers at Douglas Elliman
See here for more

1 Plaza Street West, PH - Park Slope, NY

This one-of-a-kind Penthouse features inspirational five-borough views, from sunrise over Prospect Park, north to the New York and Brooklyn skyline and beyond, to the sunset past New York Harbor, and south to the Verrazano Bridge.  With private wraparound terraces surrounding the apartment, this stunning Brooklyn Penthouse will make you feel like you've stepped into a sanctuary, full of warmth, air, and light, every time you arrive home. With multiple terrace exits, you'll enjoy inside/outside living from your bird's-eye perch. In the winter, cozy up beside the working fireplace with a view over your domain.

Price: $3,498,000
Broker: Scott Klein, Paul Hyun and Elizabeth Vilarino  at Douglas Elliman
See here for more

327 East 9th Street, TRIPLEX - East Village, NY

327 East 9th is a one of a kind boutique rental building that redefines the townhouse experience. Perfectly located on an intimate, tree-lined street in the Heart of the East Village between 1st and 2nd Avenue.  This triplex residence features: 3,700 Sqft, 5 Large Bedrooms, 4 Full Bathrooms and 1 Half Bath,Private Keyed Elevator, 5-Fixture Master Baths with Radiant Heated Floors, Private Roof Deck with Full Outdoor Kitchen, Private Balconies with Wrought Iron Railings, Floor-through Living and Dining, Radiant Heated White Oak Chevron Floors, Large Chef's Kitchen with Italian Arabescato Marble Island and Custom Christopher Peacock Cabinetry, Wolf, Miele and SubZero Appliances with 106-Bottle Wine Storage, Sweeping Architectural Staircases, 2 Electric Gas Powered Fireplaces adorned in Pietra Cardosa SandstoneWalk in Closet, Laundry Room with Vented LG Washer & Dryer and Multi-zone Central Air.

Price: $30,000 a month
Broker: Cole Riley at Douglas Elliman
See here for more

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Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24th that overlooks the High Line and is walking distance from world-class shopping and prominent art galleries.

251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor terrace with endless possibilities and city views. Accessed by the living room and overlooked by the bedroom, this 24x12 outdoor space is an oasis in the center of the Midtown hustle and bustle.

Our last #openhouse roundup will you be checking out this #parkslope home? #nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT

DNA Development announced that closings have commenced at 350 West 71st Street, the successful Upper West Side luxury conversion that seamlessly combines two historic pre-war buildings into one stunning contemporary condominium with a classic façade. As construction nears completion, the seven-story building’s 38 elegant residences and bespoke amenities are coming to life, as DNA welcomes its first residents.

Our favorite listing this week is located at One West End, the sculptural glass residential tower designed by Pelli Clarke Pelli within Riverside Center. At $19.5 million, 29B offers 5,302 square feet of interiors space, with four bedrooms, five and a half baths, a media room, lofted library, and a double height great room leading out to a 3,000 square foot terrace with impeccable views.