Buying

Step I: Prep

Step II: Type of Home?

How to buy a home

Step III: Offer & Financing

Offer: bid only on homes you want to move forward with. Putting multiple offers on multiple homes will not result in getting a "great deal".
If financing: recommend going contingent on financing, and you must bid higher than cash offers. Consult your agent on best terms.
Bidding war: your best offer should be just that. Place a bid you wouldn't be mad if you found out it sold for $5k more than your offer.
Contract: sign within 5 business days and put 10% down.

Step IV: Board Package & Beyond

A Manhattan based real estate attorney.
If financing: get preapproval letter, ideally from two banks.
If paying cash: liquidate securities.
If money is being gifted: transfer funds now.
Very important you choose an agent you trust and feel comfortable with.
Mentally prepare yourself: it's a time consuming, emotional, and exhaustive process.

Why do I want a balcony or outdoor space?
Do I need to buy downtown in a desirable area or should I instead look uptown for more space?
Why do I need a condo? Co-op's offer better price per square foot.
Why do I want a two bedroom? Will a one bed with home office suffice?
When you find your ideal home, ask: "What about this home makes me like it?"
Future think: imagine yourself walking to work from this home, entertaining, waking on weekends - still like it? Then move forward.

Board Package: most important step. What ever the board and management firm asks for, you MUST provide. Bank statements, 401k, and tax returns must be original and include all pages.
Interview: know your board package. Be honest. Smile. Don't be combative nor offended by their questions. When it's your turn, ask minor, general questions.
Closing: almost there! Ensure all checks are bank certified.