International students’ parents buy NYC Condos
It is finals and graduation seasons. This is the time of the year many out of town parents are in New York city attending their son or daughter's school graduation. During this time, parents also like to see many condos that they buy for their son or daughter to live in.
We work with many out of town and international Students' parents to buy condos in New York city. These parents are from all over the United States and world, such as Europe, Asia, Canada, Latin America and other countries.
Manhattan New York has many distinguish universities and colleges that offers many international students undergraduate and graduate degrees.
We have helped many parents of international students from New York university (NYU), Parsons school of Art and Design, School of Visual Arts (SVA), Columbia University, the Jillard school, Cooper Union and other academic institutions.
Before Parents buying Condo for children, we ask them to consider other options:
School housing or dormitory: This may be the first option, If the student is very young and new to this big city, the first year or first 6 months they usually stay in the dormitory so they can familiarize themselves with the surroundings. This option price varies as different school has their own dormatory costs.
Renting an NYC apartment: The cost of this may be slightly less than dormitory, although as an International student or foreigner, majority landlords requires extra security deposit up to 6 months of rent upfront to 12 months rent to establish relationship and security. If the student or parents do not have United States social security number, nor US credit history, the parents would have to pay for one year upfront to obtain an rental apartment in addition to the rental application processing fee and other misc fees.
Purchasing a Manhattan New York condo or building: This is often the option for most of out of town and international parents chose. In today’s market, there are well priced Manhattan New York condos for international students and parents to choose from. The important thing is to establish the location, the price range and the time frame to maximize the Manhattan New York condo search.
We have years of experiences in helping parents buy NYC condo for their son and daughter. There are many steps of the purchase process that is very important for you to understand prior to start searching for the right condo. We can help you in understanding the process and ensure the purchase is smooth and seamless.
Call us directly at (646)644-6929 to discuss your specific purchase as an international student or parents.
Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)
Our team specialize in Manhattan New York Condominiums, townhouses, and condops.