First Time Buyer Services
Buying a home for the first time is an experience intrinsically fraught with both anxiety and excitement.
It usually marks the end of one of life’s phases, requires a major sum of cash upfront, a good job,
and a long-term commitment to monthly mortgage payments. Welcome to the American Dream.
We understand the anxiety inherent in purchasing your first home. It has a lot to do with the simple
fact that this will be a purchase you’ve never shopped for before and one that cannot be replaced
or exchanged as easily as a sound system or a BMW.
We also understand that the purchase is a major emotional, financial, legal process that requires sound advice from professionals, and often the additional approval and/or reassurance from family and friends.
Patrick Lilly Group’s First Time Buyer Program is unique and guides our customers through the whole process. We focus our efforts on the following steps:
Pre-Purchase Counseling Session: We review all aspects of the search, providing each prospective buyer an overview that gives first-time purchasers the comfort level of second and third time buyers.
Financial Qualification: Working with skilled agents and mortgage brokers, our first time buyers are pre-qualified for both condominium and co-op buildings.
Neighborhood Education: Every NYC borough is comprised of many neighborhoods, each of which Manhattan has its own distinctive architectural style and personality. We will help you choose the right one for you.
Pre-Screened Apartments Appealing To Our Younger Buyers: We won’t waste your time showing you buildings that may require too much cash down or other assets.
Advice On Selecting An Attorney: An experienced, patient, but quick-moving lawyer can move an accepted offer to signed contract smoothly; who is in New York and does 300 – 500 real estate transactions per year. They should charge a fixed fee between $1500 and $5000. We highly recommend using an attorney that specializes in NYC real estate transactions, although any attorney can help you close an apartment.
Practice Completing A Co-Op Board Application: Preparing an attractive and acceptable board package is one of the most time consuming and important steps in purchasing a co-op. Our guidance makes this a smooth, less annoying undertaking.
Concierge Service: We won’t abandon you at the closing. Our concierge can assist with hooking up the utilities, getting a mover, etc. Our customers become our neighbors and friends.
For information on how to sign up for Patrick Lilly Team's First Time Buyer Program, please call us at 212-612-9681.