Getting Started

How to Prepare Emotionally for Buying Your First Condo
How to Prepare Emotionally for Buying Your First Condo

How to Prepare Emotionally for Buying Your First Condo

  |   By AuthorMy First Apartment
By Dan Bergman Buying a condo or co-op is exciting, but there’s also a deeply emotional element to the process, especially for first-time buyers. However, if you know what to expect, you’ll be better able to deal with the ups and downs. Here’s how I counsel my clients. Prepare to Compromise Keep in mind that…
Buying a Condo: How to Start Your Research Online
Buying a Condo: How to Start Your Research Online

Buying a Condo: How to Start Your Research Online

  |   By AuthorMy First Apartment
By Ali Donoghue Contrary to what you may have heard, real estate isn’t immune to the information age. Beyond cat memes and up-to-the-second sports scores, the internet offers access to information that previously was not easily available to home buyers. For example, my brokerage, Redfin, has a website with home listings updated every 15 minutes…
8 Things to Do Before You Start Condo Shopping
8 Things to Do Before You Start Condo Shopping

8 Things to Do Before You Start Condo Shopping

  |   By AuthorMy First Apartment
So, you’re ready to leave apartment life behind and purchase your first condo? Fabulous news! Making the decision to transition from renting to full-fledged ownership is a huge, exciting leap, especially if you’ve been renting for years. As you skim over this, you’re probably already browsing through listings, drooling over cool condo amenities, and planning the guest…
It’s Cheaper to Own Than Rent: Should You Buy a Condo Now?
It’s Cheaper to Own Than Rent: Should You Buy a Condo Now?

It’s Cheaper to Own Than Rent: Should You Buy a Condo Now?

  |   By AuthorMy First Apartment
It is now better to own than to rent in ALL of the 100 largest metro areas. According to an analysis by the real estate site Trulia, it’s 38% cheaper to own (including mortgage, insurance, taxes and maintenance) than to rent. There are two key reasons for this amazing advantage: 30-year fixed mortgage rates are…
My Dream Condo: Breaking Down The Cost Of Must-Have Amenities
My Dream Condo: Breaking Down The Cost Of Must-Have Amenities

My Dream Condo: Breaking Down The Cost Of Must-Have Amenities

  |   By AuthorMy First Apartment
When you first think of purchasing a condo the word brings up visions of high-rise buildings in New York, San Francisco or Chicago. Nationwide, however, the idea couldn’t be more wrong. There are all types of condos, ranging from townhouses to small mid-rise buildings to converted old tenement building in up-and-coming urban areas. All these…
You Must Check Out This New Buy vs. Rent Calculator
You Must Check Out This New Buy vs. Rent Calculator

You Must Check Out This New Buy vs. Rent Calculator

  |   By AuthorMy First Apartment
New York Times has just published an excellent  buy versus rent calculator that every first time condo buyer should check out.  It is simple to use and you can easily adjust the assumptions to your specific situation. The calculator covers all key elements that should go into the purchase decision, including: Purchase price How long you…
How to Run a Successful Condo Search
How to Run a Successful Condo Search

How to Run a Successful Condo Search

  |   By AuthorMy First Apartment
You have a broker, you’ve made a list of your must-haves for your first place and you know what neighborhood you want to live in.  The key now is actually finding good prospects – places you’re excited to go out and see. Here are some tips I found useful in my search. First, let your…
4 Apps for Condo Shopping on the Go
4 Apps for Condo Shopping on the Go

4 Apps for Condo Shopping on the Go

  |   By AuthorMy First Apartment
Searching for your new condo is no easy task. Not only do you have to find a place that appeals to you visually, it needs to be the right place, be in the perfect neighborhood, and really fit your needs. Most of all, who has time to spend hours upon hours personally touring condos? Well,…
Six Wrong Reasons to Buy a Condo
Six Wrong Reasons to Buy a Condo

Six Wrong Reasons to Buy a Condo

  |   By AuthorMy First Apartment
You might want to buy a condo, but perhaps you have a sneaking feeling it’s the wrong move. Maybe you feel like you’re being pressured into it, or you just get an anxious tension when you go out hunting. Maybe your gut is telling that you are not ready to buy – yet. After checking…
Choosing the Right Broker
Choosing the Right Broker

Choosing the Right Broker

  |   By AuthorMy First Apartment
Choosing your broker is one of the biggest decisions you make when beginning the search for a condominium. A good broker will give you advice, always keep her eyes and ears open for new units and be patient as you extend your search. Your broker will also point out potential issues with a condo that…