First-Time Buyer Checklist for Manhasset

1. Get Pre-Approved for a Mortgage

Before you start touring homes, speak with a lender and obtain a mortgage pre-approval letter. This establishes your budget and signals to sellers that you can close. A pre-approval typically involves:

• Submitting income documentation (pay stubs, W-2s, tax returns)
• Providing bank and investment account statements
• Authorizing a credit check
• Receiving a letter stating the loan amount you qualify for

If you need a referral to a mortgage professional, I can connect you with lenders who regularly work with Manhasset buyers.

2. Understand Manhasset's Housing Options

Manhasset's housing stock includes single-family Colonials, Tudors, Cape Cods, and ranch-style homes, as well as co-op and condo units in the Strathmore Vanderbilt area. Pricing, taxes, and monthly carrying costs vary significantly depending on property type and location within the hamlet.

Discuss with your agent which property types align with your budget, space needs, and long-term plans.

3. Factor in Commute and Transit

The Manhasset LIRR station sits on the Port Washington Branch and offers a roughly 30-minute ride to Penn Station. If commuting is part of your daily routine, visit the station, check train frequency during your commute hours, and factor monthly pass costs into your budget.

For drivers, the Long Island Expressway (I-495) is accessible via Shelter Rock Road.

4. Research Property Taxes

Nassau County property taxes vary by property and school district. Ask your agent for the exact annual tax figure on any property you are considering — do not rely on estimates. Factor this into your monthly housing cost alongside mortgage principal, interest, and insurance.

5. Hire a Real Estate Attorney

In New York, buyers typically retain their own attorney to review the contract of sale, negotiate terms, and represent their interests at closing. Engage an attorney early — before you make an offer if possible.

6. Make an Offer

When you find the right property, your agent will prepare an offer based on comparable sales, property condition, and current market conditions. Be prepared to negotiate on price, closing date, and contingencies (such as inspection and financing contingencies).

7. Schedule a Home Inspection

Once your offer is accepted, hire a licensed home inspector to examine the property's structure, systems, and condition. Common issues to evaluate include:

• Roof age and condition
• Heating and cooling systems
• Plumbing and electrical
• Foundation and structural integrity
• Potential environmental concerns (lead paint, asbestos in older homes)

The inspection report may lead to further negotiation on repairs or price adjustments.

8. Secure Your Mortgage and Insurance

Lock in your interest rate with your lender, provide any additional documentation they request, and obtain homeowner's insurance. Your lender will also order an appraisal to confirm the property's value supports the loan amount.

9. Final Walkthrough

Within a day or two of closing, walk through the property to confirm its condition matches the contract terms — that agreed-upon repairs were completed and no new issues have appeared.

10. Close

At closing, you will sign loan documents, transfer funds, and receive the keys. Your attorney will be present to review all documents on your behalf. Bring a government-issued photo ID and a certified or cashier's check for your closing costs (your attorney will provide the exact amount in advance).