Earnest money

no that's pretty standard.... but if you pick up that same unit in 6 months for $450K.. then you'd only have to put up $45K... seriously it's earnest money... that's like pocket change in RE terms.... if you're serious and $900K is TOTALLY doable w/ your assets and income... $90K should not be a hardship.... especially when 90% is on the come....

This is standard NYC operating procedure. It is held in escrow. Just make sure you have a real attorney who knows the ins and outs of NYC coop real estate. Do not use an attorney who handles 1 closing a year and usually handles slip-and-fall litigation.

10% is standard..you can try to negotiate that down, but 10% is normal.

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