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Why Us

When making one of the most significant financial decisions of your life, you can't afford to take chances on a DIY or an inexperienced agent.

 

Beyond helping you find the right property and negotiate the best deal, we can guide you through unexpected hiccups and the complex particulars of any deal in NYC.

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Your Advocate

As your buyer's agent, Isil is dedicated solely to representing your best interest through undivided loyalty and the duty to disclose all facts that would impact your decision. The seller's agent, on the other hand, is working to get the seller the best deal. 

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Basics of Buying

01

Starting the Search

After an initial consultation, we will curate a collection of potential homes for you on Collections, where we can organize listings and discuss them together.  You can even invite your spouse, parents, or friends to join your search.

 

We will update your collection at least once a week, and Collections can also send you automated price and status updates.  Through this single platform we can educate you on the process and market, as well as streamline plans to visit properties of interest. 

03 

Making an Offer 

Once you find “the one,” we'll strategize on an offer and gather the necessary paperwork, including a mortgage pre-approval letter if you are financing.  We will negotiate the best terms for you, or if there are competing bids, we wil guide you through making a highest and best offer.  We have a reputation for being tough and creative in the negotiation process.  Beyond the price, we know what levers can you the winning edge which is particularly important if you are considering new development.

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02

Finding the One

Depending on what you are looking for, it might take one day or one year to find an apartment.  We will accompany you to open houses and/or private appointments throughout the week.  Throughout the process we are your single point of contact for all questions and plans to simplify the process.  We will collaborate to document your feedback on Collections so we can move the search forward efficiently. 

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04 

Getting into Contract

Once you have an accepted offer, remember that it is not binding on either party.  To avoid complications caused by unnecessary delays, you should hire an experienced NYC attorney, who we can recommend, to complete contract negotiations and due diligence in a timely manner.  During this time, we will also complete a home inspection if you choose to have one. Once you and your attorney are satisfied with the contract terms and condition of the unit/building, you will sign the contract and submit a 10% deposit to officially be "in contract." 

05

Mortgage Application

Once you are in contract, you can compare lenders and officially apply for your mortgage.  We can explain this process to you and provide you with a list of loan officers you can contact.  Once you finalize the lender, you'll submit documents, the lender will conduct an appraisal and review the building.  When the lender approves you and the property, they will issue a commitment letter. 

As soon as you have the commitment letter,  we will prepare and submit the building application.

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06  

Building Approval

Most NYC buildings require a purchase application, and these can be quite extensive in coops and some condos (requiring full financial disclosures with supporting documentation, employment and salary information, personal and business references, tax returns for the previous 2 years, credit history, etc.).  Coops will also require an interview by the board of directors before approval is granted.  Coops have full discretion to approve or reject any purchaser, so it is critical that the application is completed properly and you are prepared for the interview.  Most condos have no interview and they cannot reject a purchaser, but have the right of first refusal only.

07

Unexpected Issues

At any point in the process, unforeseen issues can disrupt a deal.  These challenges could include anything from an open permit that remains unresolved at closing, dealing with damage caused by a sudden rainstorm, or uncovering unexpected negative aspects about the building during due diligence.

Our team has seen many different scenarios over the years, and we excel at finding a creative solution that protects your legal rights.  At the end of the day, our primary goal is to make sure that you get the home you want under the conditions that you want. 

08  

Closing 

Once you have the Board's approval or condo waiver, your attorney will coordinate with the appropriate banks, title company, building management, etc. to schedule a closing date.  Once closing is scheduled, you’ll obtain the required home owners insurance policy and can make the necessary moving arrangements.

 

Within 24 hours of the closing, we will have a final walk through of the property.  You can expect a different condition for the property at closing depending on whether you buying a resale or new development.  We will guide you through the process and work with your attorney to resolve any issues without delaying the closing.

Make sure to rest up your signing hand for the closing!  Once you've signed a pile of documents, you'll get the keys to your new home! 

09  

Beyond Move In

Even after closing, we are always available to offer ongoing advice and support for anything real estate-related.  If you need a painter, help renting your home, or advice on renovating, we are always here to help.  We make it a priority to get to know quality vendors across a wide range of disciplines, so think of us first.  If we don’t have someone already, we can leverage our network of other great agents to find you the right fit.

 

You will also be receiving a home evaluation from our team twice a year to keep you updated on the market.  

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ISIL YILDIZ TEAM

BUYER'S GUIDE

  • What are small improvements to prepare for sale?
    When listing your home for sale, it’s important to make design choices that are as widely appealing as possible, to ensure that prospective buyers feel comfortable and at home in the space. While a major renovation for the sake of appealing to more buyers is usually not a sensible investments, small tweaks can mean the difference between multiple offers and hoping for the buyer who can see past your personal choices. 1. Use Cool Paint Colors: Cool tones (blues, greys, greens) create a space that feels calm and quiet. Lighter shades in these family are also the best at reflecting (thus maximizing) light. 2. Furniture to Scale: Make sure your furniture is scaled to your home. This doesn't necessarily mean physically small items work better, it's all about the amount of visual space items take up relative to the amount of space. 3. Pinterest Worthy Vignettes: Use specific furniture and accent items to highlight the best features of each room – if you have a large corner window, or a particularly beautiful kitchen island, create a vignette that will to draw people’s attention to it. 4. Decluttering: Make sure there is “white space” in every room – clear surfaces, open space on shelves, etc. A room rarely looks good with every square inch filled. 5. Impactful Minimal Décor: Rather than filling every inch of wall space with random art, thing about wall decor as vignettes. Whether it is an oversized painting or a cohesive gallery wall, your art work should create an impact.
  • What is staging?
    Empty apartments, no matter how visually appealing, force potential buyers to use their imagination to come to a reasoned conclusion, rather than just react with emotion at the onset. While most of us think we are logical beings, the truth is emotion plays a huge role in many of the decisions we make, especially with something as personal as buying a home. Logic can re-affirm these emotional reactions, and presenting a beautiful “home” rather than an empty space can be a powerful marketing tool in selling a home. For empty apartments, this can mean full-scale (placement of actual furniture and decor) or virtual (digitally added) staging. Full-scale staging can be expensive and is usually reserved for larger, more expensive properties where the return on investment makes sense. For smaller apartments, even a minimal investment in staging can help prospective buyers get a better sense of scale since people tend to underestimate the size of an empty apartment. A more cost-effective option, and one we employ for many apartments and rentals, is virtual staging. Virtual staging cuts out the cost and hassle of full-scale staging by using advanced software to place items into the space digitally. While it is not quite the same as being in a space that is actually decorated to the nines, the first impression of the property — viewing the listing online — gives the buyer a glimpse into its potential, provides a sense of scale, and captures the imagination.
  • How are homes priced?
    While location and square footage are obvious factors, similarly-sized apartments in the same area can sell for vastly different prices, and it often comes down to a handful of both physical and intangible factors. Take a look at the top five physical attributes that affect the value of a property: Part 1: The Physical Space 1.) Layout Almost as important as overall square footage is how that square footage is distributed within an apartment. 2.) Windows, Walls, & Floors No, we’re not talking about the actual windows and floors, but rather views, exposures, light, and ceiling height which affect the overall feel and, therefore, desirability of an apartment. While there is no precise formula, again, it comes down to nuance. 3.) Condition Renovation value is based more on overall condition than specific finishes or features — i.e. what matters most is whether a home is in mint, good, fair or poor (think estate) condition. That said, very specific finishes or style of renovation, even if costly or recently done, will not add the same value as one that appeals to a broad audience. 4.) Outdoor Space Not all outdoor space is created equal. A balcony is worth less than a terrace, deck, or yard. 5.) Building Age & Period Details Everyone knows that pre-war charm sells — high ceilings, original woodwork, crown mouldings, wood burning fireplaces are all at the top of many buyers lists — and, there are only so many pre-war buildings. However, not all buyers are in love with pre-war details. Some prefer floor-to-ceiling windows, brand new finishes, high-end amenities, and hi-tech offerings that are typically only available in new buildings. Watch more here: https://www.youtube.com/watch?v=sS0UGzs_yHc Part 2: Beyond The Physical 1.) Monthlies There is a broad range for what is considered normal or “acceptable” for the monthly carrying cost on an apartment (common charges, taxes, and/or maintenance). A monthly that is above or below the “acceptable” range can have a massive effect on sale price. 2.) Required Down Payment Amount A typical down payment for NYC co-ops is 20-25% of the purchase price, but it is not unheard of for some buildings to require a 40-60% down payment. A high minimum down payment will reduce the pool of potential purchasers and might negatively affect sale value, especially in areas where a higher minimum is less common. 3.) Service Level Amenities don't just mean high-end features like a roof deck, pool, or fancy new gym -- equally important are things like doorman service, a live-in super, elevators, a laundry room, storage bins, bike storage, etc. There are certain kinds of amenities, especially elevators and laundry, that matter a great deal to most buyers, and therefore will affect price. 4.) Building Policies Of course, every building is going to have its own policies or rules. But if a building’s policies are especially restrictive or severe, potential buyers may be deterred. 5.) Building's Financial Health Buildings with a history of hefty assessments, or sudden large increases in monthly charges, will usually be a red flag to prospective buyers, as they can indicate disorganization or poor budgeting on the part of the management company or Board. Whether you live in your home for 5 or 35 years, these considerations should factor into your bottom line both in terms of your monthly outlay and what to expect when it comes time for resale. Home values depend on much more than what meets the eye, so it’s important to have a complete picture before committing to such a significant investment. Watch more here: https://www.youtube.com/watch?v=sS0UGzs_yHc
  • What are my estimated closing costs?

Frequently Asked Questions

HEAR IT FROM OUR BUYERS

“Isil was a fantastic broker. She was an advisor and friend throughout the entire process, which I very much needed as a first time home buyer. Isil first impressed me because of her genuine interest in and ability to discuss the real estate market and trends in different neighborhoods, and she kept impressing me with her attention to detail, consistent follow-up and availability to move the process diligently along.”

Katherine, buyer of a Hamilton Heights Co-op

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Let's Work Together

With over $175 Million in real estate transactions, the Isil Yildiz Team is committed to bringing a bespoke real estate experience to each client.
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