While condos cannot "reject" you like co-ops (they only have a Right of First Refusal), you must still submit a comprehensive financial application.
Buyers should budget for significant transaction costs, including title insurance and a Mansion Tax of 1%–3.9% for properties over $1M. buy condo new york
High HOA/Common Charges cover building staff and amenities but can increase if the building has a small reserve fund. The 4-Phase Purchase Process While condos cannot "reject" you like co-ops (they
Lawsuits against the developer or board can make it nearly impossible to secure a mortgage. The 4-Phase Purchase Process Lawsuits against the developer
The final meeting where the deed is transferred, and all taxes and fees are paid. Key Neighborhoods for 2026
A vacant lot nearby might mean years of construction noise and a permanent loss of your unit's sunlight or views. Best Manhattan Neighborhoods to Buy a Condo (2026 Guide)