How to Buy New Launch Property in Manhattan

In Manhattan, new launch condominiums are marketed about 2 years before the property is ready to be occupied.  The buyer visits a sales office (usually very nice), and looks at models of the kitchen, bathroom and living room.  The key is to examine the quality of materials used.  To book a unit, the buyer puts down between 15 to 20 percent of the purchase price.  The balance is only due at closing in 2 years’ time, when the condominium is ready to be occupied.

Read the full article here: How to Buy New Launch Property in Manhattan

About:  
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums.  Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market.  Wei Min can be reached at tan@castle-avenue.com