The process of buying a home in New York City involves a series of steps in four phases:
1. The Finances
2. The Search
3. The Contract
4. The Close
Phase 4: From Contract to Close
At this stage of the buying journey, we will help you assemble the remaining documents and finalize the necessary approvals.
Loan Application
Once your application is complete, your financial institution will schedule a third-party appraisal to verify the value of the property.
Co-op Board Application (If Applicable)
In addition to helping you assemble your bank statements, tax returns and letters of reference (personal, professional and financial), we will help you navigate the nuances of winning board approval.
Scheduling the Close
Once you’ve received approval (if applicable) and the bank provides clearance to close, we will coordinate a final walk-through and closing date.
The Home Stretch
In this penultimate phase of the process, we will join you on a final visit to assess the property and compile a punch list of outstanding items to be resolved prior to the close.
Final Walk-Through Checklist
Kitchen
- Turn oven and microwave on and off
- Check vents and lighting
- Check each gas burner on the stove for leaks and ensure igniters work
- Check the hinges and slides on the cabinets and drawers
- Run hot and cold water and test the garbage disposal
Doors, Windows & Exterior
- Check that all doors open and close without obstruction
- Check all knobs and handles
- Check that all windows open and close smoothly and seal properly
- Test the doorbell, intercoms, concierge phone and alarm system
Bathroom
- Run hot and cold water and test water pressure
- Flush all toilets
- Check seals, caulking and grout for damage or mold
Electrical Outlets
- Bring an outlet tester, phone charger or night light
- Test all light switches
- Check that all outlet plates are straight and secure
- Test all light bulbs
HVAC
- Check thermostat and test heating and air conditioning in various modes
Walls & Floors
- Check for stains, marks or damaged boards/tiles
- Check walls and paint for dents, marks or discoloration
Appliances
- Begin cycling the appliances to run during the walk-through
- Run dishwasher (15 minutes)
- Run washer/dryer (5 minutes to test belts)
Your Vision, Your Home
The deal is closed. The keys are in hand. You are now a homeowner. Time to settle in, make your home your own and begin to love where you live.
