Homebase NY | Brooklyn Real Estate

The NYC Homebuying Process

Hover each step to learn more

Steps 1 — 6

Choose
Broker

Work with a New York expert who understands co-ops, condos, and townhouses and knows how to get you to closing.

Pre-
Approved

I'll connect you with a trusted lender so you're financially ready from day one. (1–3 days)

Start
Search

We zero in on the right neighborhoods, buildings, and layouts. We tour, compare, and refine with context. (1–8+ weeks)

Make
Offer

When the right place appears, we craft a strong, informed offer designed to stand out. (1–3 days)

Offer
Accepted

The seller agrees. Momentum matters from here. (Same day–2 days)

Due
Diligence

Your attorney and inspector review financials, building health, and key details. (3–7 business days)

Steps 7 — 12

Negotiate
Issues

If issues arise, we address them through repairs, credits, or price adjustments. (1–3 days)

Contract
& Deposit

Contracts are signed and the deposit, typically 10%, is submitted. (1–3 business days)

Appraisal

Your lender confirms value to finalize loan terms. (7–14 days post-contract)

Board &
Loan Review

Submit your loan application and, for co-ops, your board package. Condos take 5–15 business days; co-op boards can take 2–5+ weeks including an interview.

Clear
to Close

Underwriting wraps up and the lender issues the clear to close. (5–10 business days)

Closing
& Keys

Final walkthrough 1–2 days before closing. Closing day, keys in hand. Welcome home! (30–60 days)

Buying in New York isn't intuitive. Financing, contracts, board packages, interviews. Miss a step and the apartment is gone.

You're competing against seasoned buyers with professional representation. Having the right agent means you're protected on price, thorough in due diligence, and never a step behind.

My goal is to position you to compete with confidence and a clear plan. There are stressful moments and exciting ones, and with me, you're never navigating them alone.

Ready to find your dream home?

The NYC Seller's Playbook

Hover each step to learn more

Steps 1 — 7

Right
Broker

Choose someone who knows your building, your market, and your buyer — and has a plan for all three.

Clarify
Goals

Define your timeline and desired outcome so we can price and position intelligently.

Sign
Listing Docs

Formalize the partnership and align on marketing, positioning, and next steps.

Pre-listing
Walkthrough

Identify what needs attention, from quick fixes to meaningful improvements.

Minor
Repairs

Tweak paint, lighting, hardware — small updates that elevate first impressions.

Staging

From light edits to full staging, presentation matters in a design-driven market. (Optional)

Professional
Media

Photography, video, and floorplans that tell your home's best story.

Steps 8 — 14

Launch
Strategy

Coordinate exposure across Compass Coming Soon, MLS, StreetEasy, and private channels.

Launch

Broker previews, private showings, and open houses tailored to your buyer pool.

Real-time
Feedback

Clear insights from every showing so we can adjust strategy appropriately.

Negotiate
Offers

Evaluate offers through data, timing, and leverage — not emotion.

Under
Contract

We manage attorneys, board packages, appraisal, lending, and logistics.

Closing &
Transition

Oversee final walkthroughs, paperwork, and every detail leading to closing.

Sold!

Congratulations! Your home is sold in NYC.

Selling in New York City is complex, but you don't have to navigate it alone. With the right advisor and a clear plan, the process becomes focused and efficient.

At Compass, we guide sellers through a defined, step-by-step approach — from pre-listing preparation to closing. Every stage is structured so you always know what's happening and why.

I bring data, insight, and steady guidance so your home stands out and your goals stay on track. My aim: earn your trust by delivering strong, consistent results.

Interested in selling?

Closing Costs

These are estimates based on the numbers filled in below. Every line item is editable — adjust any figure to match a quote you've received, and the totals will recalculate automatically.

I am a

Property Type

Financing

New Development

Purchase Price

Enter a purchase price to see your estimated closing costs.

Monthly Payment

These are estimates based on the inputs below. Adjust your rate, down payment, term, or monthly costs to model different scenarios — the totals recalculate as you type. Your final loan terms and qualifying figures will depend on your lender and credit profile.

Purchase Price

Down Payment %

Down Payment $

Interest Rate (30-yr avg ~6.8%)

Loan Term (years)

yrs

Property Taxes (monthly)

Maintenance / HOA (monthly)

Insurance (monthly)

Other Debts (monthly)

DTI Limit (banks ≤43% · NYC co-ops typically ≤30%)

Co-op maintenance often includes taxes — avoid double-counting. Common loan terms: 10, 15, 20, 30 yrs. Most NYC buyers choose 30.

Enter a purchase price to see your estimated monthly payment.

This calculator provides estimates for informational purposes only. Actual payments will vary based on lender, credit profile, insurance, and other factors. Consult a licensed mortgage professional for personalized guidance.

Property Tax

Calculated using official NYC Department of Finance rates for FY2025 and FY2026. Adjust the market value, tax class, and abatement status to see how each shapes your annual bill. Your final taxes will reflect the city's official assessment of your specific property.

Fiscal Year

Market Value

$100K$3M

Tax Class

Tax Abatement

AV growth cap — if market value rises 20%

Annual tax bill across market values

Estimates based on NYC Department of Finance FY2025 (Class 1: 20.309%, Class 2: 12.473%) and FY2026 (Class 1: 19.843%, Class 2: 12.439%) tax rates. Assessment ratios per NYC DOF guidelines: 6% for Class 1, 45% for Class 2. This calculator is for informational purposes only and does not constitute tax advice. Actual bills may vary based on exemptions, abatement programs, and assessment appeals. Consult your NYC property tax bill or a licensed tax professional for exact figures.

Tax Bill Forecast

What you'll owe,
year by year

Enter the current assessed value and market value to see how your tax bill grows over time as the assessed value phases toward its target.

⚠ You must use the Department of Finance figures — not the purchase price. The DOF market value is income-based and will differ significantly from what you paid. Look up your property's DOF values here →

Current Annual Tax (from DOF bill)

Optional — pins baseline to exact DOF bill

Current Assessed Value (from DOF bill)

Current Market Value (from DOF bill)

Annual MV Growth Rate

Tax Class

Active 421a / Abatement

Handpicked properties,
live on Compass.

I'll build a collection
just for you.

Matthew
Ruggiero

What you'll owe,
year by year

Handpicked properties,live on Compass.

I'll build a collectionjust for you.

MatthewRuggiero

What you'll owe,year by year

Handpicked properties,
live on Compass.

I'll build a collection
just for you.

Matthew
Ruggiero

What you'll owe,
year by year