1. Contact With the Broker
From internet research, I got some brokers’ phone number. However, no one would want to help me in the beginning. After talking with professor, I changed my method by going to the agents. Citi Habitats is one of the largest real estate broker agents in New York City. I have learned this agent from the internet research I did during making the phone calls, so I decided to visit this agent first. I checked all the locations of this agent and listed them down. To choose the agent go visit is another tricky part, because people normally do not want to do extra works in a very busy environment. I chose a Citi Habitats on the upper west of Manhattan. This place is not very crowded and people there would be relatively easier to talk with.

I went into the agent and stated my reason that I need to complete a project given by my professor. Fortunately, the lady in the front desk would like to help me to find a broker in the firm. She introduced me to broker Jason Kim Woodman, who is a senior associate at Citi Habitats. I used my English name Amy. Mr. Woodman is a very kind person and helped me to answer the questions in the project.

2. Basic Information for rough choosing
For a real estate purchaser, people need to consider many facts before they buy a real estate. First is always the personal ability. Normally people rely on loans to buy a house or an apartment, so the monthly income is very critical for choosing a real estate. From the talk to the Mr. Woodman, I have known that people could get 80% to 90% percent of the whole real estate payment from the bank. I was surprised by this proportion, for the Chinese bank would only provide maximum 70% of the total payment as a loan. Compare to China, US has looser down payment requirement.

Assuming my job provides me $6000 per month, my family can support me $150,000 as down payment and