Making the decision to purchase a home is a momentous choice, and having the right guidance is absolutely crucial. At Michael Bhagwandin's Team, we understand the significance of this step and are here to help you every step of the way.
When it comes to choosing a trusted real estate agent in New York City, Michael Bhagwandin's Team stands out for several compelling reasons. Our expert negotiators have honed their skills, giving you a competitive edge in securing the most favorable terms and pricing. With an in-depth understanding of the ever-changing NYC real estate landscape, we excel at identifying hidden gems and investment opportunities. We take pride in offering personalized service, tailoring our approach to suit your unique needs and preferences. Through our strong network and valuable industry relationships, you gain access to exclusive listings and off-market properties. Count on us for transparent communication, keeping you informed at every stage of the buying process. With Michael Bhagwandin's Team by your side, you'll be equipped with the expertise and dedication needed to turn your dream home into a reality.
Let's embark on this exciting journey together, ensuring your home-buying experience is smooth, rewarding, and ultimately successful.
Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying the full price of your home in cash). Your Compass agent can connect you to a mortgage broker. Based on your income and credit history, the mortgage broker will determine how much a bank will lend you, which will help you determine the price range for your search.
Now is the time to consider your ideal home’s location and amenities. You will attend viewings and open houses spanning a range of areas and property types. Additionally, your Compass agent will activate notifications for exclusive Coming Soon and Off- Market properties as they hit the market.
Once you identify a home you like, you can put in an offer, which is an agreement to pay a certain price for the home. This offer is packaged with a Proof of Funds (POF) and Pre- Approval Letter. Note: if your offer is lower than the list price or with terms not acceptable to the seller, the seller will likely return with a counter-offer price or acceptable terms, which you can accept, reject, or make another counter-offer. Your Compass agent will provide advice throughout.
Day 1 Once offer is accepted, escrow is officially open and the clock begins on contingencies*
Day 2 Contact your insurance agent for homeowners coverage
Day 3 Initial deposit is due per terms of agreement
Day 1–17 Seller delivers disclosures to buyer. Buyer performs inspections (Step 6)
Day 1–21 Loan is in underwriting and appraisal occurs (Step 7)
Day 7–30 | 21–45 Seller signs grant deed and staging is removed, if any (Step 7)
End of Escrow Within final week of escrow period, buyer signs loan and closing documents and wires in closing funds (Step 10)
Day 30–45 Loan funds and escrow closes (recordation)
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*This escrow process is based on a standard 30–45 day transaction
It is the buyer’s duty to schedule all desired home inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. Buyer will also review the disclosures and preliminary title report. You may approve or negotiate credits/repairs. Prior to closing, remember to schedule a final walk-thru of the property to verify property is still in acceptable condition and any negotiated repairs were done.
Organize an appraisal with your bank.Your completed mortgage application with all supporting documentation should be submitted to your chosen lender upon receipt of the fully signed Purchase Agreement. The bank then issues loan approval. Consequently, the buyer wires the closing funds with the homeowner’s insurance in place, and then the loan will be funded with clearance to close.
Working with Michael was such a wonderful experience. As someone who came into the home buying process with zero experience and very little information, he immediately put me at ease. He's so warm, friendly, and truly wants the...
Michael Bhagwandin was my real estate agent on the sale of our NYC apartment. From beginning to end he made the whole process easy and stress free! He offered spot on advice on pricing, had great connections to help with stagin...
Despite my pandemic-related reservations in March 2021, Michael Bhagwandin helped me find an amazing deal and close on a luxury apartment in Harlem. His knowledge of market timing, ability to hone in on exactly what I was looki...
Working with Michael Bhagwandin can be described with one word: seamless. As my New York real estate agent, selling my apartment and all the added extras that go along with open houses, listing and paper work, I never worried a...
Michael Bhagwandin - from beginning to end he made the whole process easy and stress free! He is very knowledgeable about the business and the market. He was always very easy going and never made us feel in over our heads. He a...
New York real estate agent Michael Bhagwandin is a whirlwind of energy and enthusiasm. His honesty (candor) and integrity are essential traits for any good realtor relationship. He is a trusted advisor on matters of buyer selec...
Michael is a pleasure to work with! Nice, knowledgeable, personable and an all around lovely man.
I have engaged Michael Bhagwandin for my rental apartment in New York City. He was super helpful on all aspects of the process. There was some hiccups with coop board but he was able to manage it well! Highly recommended!
We have been working with Michael Bhagwandin for NYC investment condo since spring of 2019. Michael demonstrated exceptional market knowledge and an intuitive sense of his client tastes and preferences. He found us the right ap...
Michael Bhagwandin was our real estate agent for our New York apartment over the last month. We couldn't have done the process without him. He coached us through the process methodically to ensure all details were considered. H...
My husband and I met Michael Bhagwandin through a friend and found out he was a New York real estate agent. We had dreamed of moving to Manhattan, but didn’t think we’d be able to afford a place where we would be comfortable. M...
We cannot recommend Michael Bhagwandin highly enough for anyone seeking to buy or sell property in NYC. Nearly 15 years ago, we rented an Airbnb Michael owned. We connected with him on Facebook, but never interacted in any mean...
My daughter, Oksana, is a college student in New York City, and at the last minute her housing fell through. I travelled from Boston down to NYC to help her find a studio 5 days before classes were supposed to start, and encoun...
Michael Baghwandin has helped guide me through 4 major real estate moves and truly is the best New York realtor / real estate agent! Knowledge of the market, responsiveness, actively having an opinion (that always ends up being...
Michael is a great real estate agent and knows the NYC market inside and out. He rented out our apartment within a week!
Michael is imminently professional and knows the market well. He’s not afraid to do the research to branch out to different neighborhoods than his preferred ones, and has insightful guidance.
Thank you, thank you, and Thank you for taking on this project. Your advice and guidance was a Godsend, from the renovations and the choice of paint colors to finding the team to make the house beautiful again. It is because of...
My husband and I had the pleasure to work with Michael Bhagwandin as our New York real estate agent over the course of 4 months to find an absolute stunning home in NYC. Since the apartment search process meant spending quite a...
Michael is simply incredible. Purchasing real estate in NYC can be daunting, as there is so much information I needed to digest and learn to feel confident in my choice. During this process as a first-time buyer, Michael was a ...
Working with Michael Bhagwandin was a wonderful experience. Michael is extremely knowledgeable, attentive, professional, and kind. I live in California and got his name from a realtor here who highly recommended him. It was my ...
Clients appreciate his expertise, as they do his contagious enthusiasm and high energy. Having worked in hospitality, Michael knows that service, integrity and interpersonal charm are key to building business and relationships. Michael is always available to his clients, and strives to make the purchase, sale or luxury condo rental process smooth and rewarding.
