How do showings work?
We either have open-houses or private showings. We may ask for photo identification prior to confirming a private showing of an occupied unit. Virtual showings are accepted.
How can I schedule a showing?
Prior to a showing, we may ask pre-qualifying questions. Once you appear approvable, you can schedule a showing with alyssa@lockboxnyc.com or reach out directly to one of our agents.
We often post on Facebook, SpareRoom and Instagram. If communicating with an agent from another platform, please confirm they are licensed and employed by Lockbox Realty, You can do so by asking for their license number or contacting Lockbox Realty directly.
What income and credit do you look for?
Typical target is 35x-40x the monthly rent in annual income (combined for all applicants) and a 680+ credit score. Personal guarantors are accepted (see “Who can be a personal guarantor” for more information).
Can multiple applicants combine income?
Roommates may combine verified income to meet the 35x-40x the rent guideline.
What if my credit or income is lower?
If your credit is 600–679 or income is below target, you may qualify with a U.S. guarantor or, where allowed, a third-party guarantor (property-dependent).
Who can be a guarantor?
A personal guarantor: accepted under certain conditions. Personal guarantor must meet 70× monthly rent in annual income and have 700+ credit (case-by-case). Third-party guarantor: available at some buildings (e.g., TheGuarantors or Insurent); their fees are separate from any application fee.
I’m international / self-employed / a student—can I qualify?
Often yes. International (no U.S. credit): third-party guarantors are common. Self-employed: provide recent tax return(s), CPA letter, and bank statements. Students: proof of enrollment plus a guarantor or third-party option.
What documents should I prepare?
Most Applicants: Photo ID; last 4 pay stubs; 3 bank statements; employment/offer letter; most recent tax return; prior landlord reference; 4 months of rent-payment proof. Students: ID; 3 bank statements; proof of enrollment; aid/loan docs; landlord letter; rent-payment proof. Self-Employed: ID, CPA letter, 3 bank statements, most recent tax return, landlord reference letter, 4 months of rent-payment proof.
Is there an application fee?
All credit reports are run through Weimark Credit Services (TransUnion). The fee is capped at $20 per person (applicants and guarantors). Application fees are non-refundable. If you are not approved, you may request a copy of your credit report.
How long does approval take?
We aim to pre-review a complete application within 3 business days. Final owner/manager decisions can take up to two weeks, depending on building requirements.
Who makes the final decision?
The property owner/manager—not Lockbox Realty—makes final approvals/denials. We coordinate the process and keep you updated.
How much is the security deposit?
State law caps residential security deposits at one month’s rent. Timing and who collects (owner/manager or the brokerage) vary by listing.
When is rent due and who do I pay?
First month’s rent is typically due at lease signing. Pay only the parties listed in your written instructions (owner/manager or escrow). If sent to Lockbox Realty, it will be requested through zelle via admin@lockboxnyc.com. Never send funds to personal accounts or unknown links.
Do I pay a broker fee?
If we represent the landlord, tenants do not pay our broker fee (per NYC’s FARE Act). If you hire us directly as your representative, a tenant-paid fee may apply and will be disclosed in writing beforehand.
Are pets allowed?
Policies vary by listing (breed/weight limits, pet rent, etc.). Assistance animals (service/ESA) are not pets and are reasonably accommodated under the law.
Can you accommodate disabilities or unique circumstances?
Yes. Please tell us what you need—reasonable accommodations are available consistent with fair-housing laws.
How do I make my application stronger?
Submit a complete package the first time (all docs for every applicant/guarantor), and disclose credit freezes or special situations up front.
How do I apply?
Use the “Apply” link or email admin@lockboxnyc.com to start. We’ll confirm the building’s exact requirements and provide a secure upload link.
How do you handle my data?
We collect only what’s needed to process your application, store it securely, and share it only with the owner/manager and screening providers. Where noted, you may redact SSNs/account numbers.
How do we match roommates?
We
Do I need a pre-approval to see homes?
Yes—most sellers want a current lender pre-approval (or proof of funds for cash) before private showings or submitting offers.
What’s the difference between pre-qualification and pre-approval?
Pre-qualification = quick estimate based on what you tell a lender. Pre-approval = lender-verified (credit/docs). Sellers take pre-approvals seriously.
How much cash do I need?
Plan for a down payment + closing costs + an earnest-money/hand-money deposit. Your lender will give a personalized estimate up front.
What happens after my offer is accepted?
The steps: deposit → inspections → appraisal → underwriting → title/attorney work → clear to close → final walk-through → closing.
How long does closing take?
Typically 30–60 days with financing; cash can be faster. Co-ops/condos or unique properties can take longer.
What is earnest money/hand money?
A good-faith deposit held in escrow and credited to you at closing. Amount and due date are written into the offer.
What’s an appraisal contingency?
If you’re financing, the lender orders an appraisal. If value comes in low, the contingency lets you renegotiate, cover a gap, or cancel per the contract.
Can I waive inspections?
You can, but it raises risk. If you need to be competitive, consider an informational inspection or narrowing the scope rather than a full waiver.
Can I buy with a “sell-my-home” contingency?
Yes, but it can weaken your offer. We’ll gauge the market and suggest alternatives (bridge options, rent-back to sellers, timeline strategies).
What should I review in a CondoCo-Op?
Rules, fees, budget/reserves, insurance, special assessments, rental restrictions, pet policy, parking/storage, and upcoming capital projects.
Who represents me and when do I sign disclosures?
You get agency disclosures/consumer notices at first substantive contact so you understand who represents whom. We’ll review them together in plain English.
How do we price my home?
We’ll build a Comparative Market Analysis (CMA) using recent comparable sales, current competition, and micro-trends, then set a pricing strategy (launch, adjustments, and timing).
What should I do before photos/showings?
Declutter, deep-clean, touch-up paint, maximize light, fix small items, and handle odors. We’ll give you a short punch-list and staging tips.
Do I have to complete disclosures?
Yes—expect property condition forms and any required addenda. Full, accurate disclosure protects you and reduces renegotiations later.
How will you market my home?
Pro photos/video, floor plan, compelling copy, syndication to the major portals/MLS, targeted social + email, agent outreach, and open-house strategy.
How are showings handled?
We’ll set showing windows, notice requirements, and access (lockbox or escorted). We verify IDs when appropriate and track feedback.
What makes an offer “strong” beyond price?
Financing type, deposit strength, contingency terms (inspection, appraisal, mortgage), timeline, and buyer flexibility (rent-back, repairs, credits).
What is “highest and best”?
A deadline for all buyers to submit their top terms. We’ll compare full packages (not just price) and help you choose the cleanest path to closing.
Do I have to fix inspection items?
Not always. Options include repairs, credits, price adjustments, or holding firm. We’ll weigh cost, time, and risk with each request.
How long from offer to closing?
Often 30–60 days with financing; cash can be quicker. Title/association docs, appraisal timing, and repairs can affect the timeline.
What are typical seller costs?
Payoff of any mortgage/liens, transfer/recording taxes and fees, attorney/title fees (market dependent), agreed credits/repairs, and brokerage commission (negotiable).
Can the buyer move in before closing or can I stay after?
Only with a written agreement (pre-occupancy or rent-back) that sets dates, insurance, utilities, and deposits. We’ll structure it safely if needed.
What can cause a deal to fall through?
Financing issues, appraisal gaps, inspection disputes, title problems, or HOA/condo snags. We’ll keep a Plan B ready and manage deadlines tightly.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur
When and how is commission paid?
Commissions are negotiable and set in the listing agreement; they’re paid from proceeds at closing.
What should I not do during the listing?
Don’t discuss your bottom line publicly, don’t block showings, and avoid recording buyers’ private conversations without disclosure. Tell us about any changes or new issues immediately.
How do showings work?
We either have open-houses or private showings. We may ask for photo identification prior to confirming a private showing of an occupied unit. Virtual showings are accepted.
How can I schedule a showing?
Prior to a showing, we may ask pre-qualifying questions. Once you appear approvable, you can schedule a showing with alyssa@lockboxnyc.com or reach out directly to one of our agents.
We often post on Facebook, SpareRoom and Instagram. If communicating with an agent from another platform, please confirm they are licensed and employed by Lockbox Realty, You can do so by asking for their license number or contacting Lockbox Realty directly.
What income and credit do you look for?
Typical target is 35x-40x the monthly rent in annual income (combined for all applicants) and a 680+ credit score. Personal guarantors are accepted (see “Who can be a personal guarantor” for more information).
Can multiple applicants combine income?
Roommates may combine verified income to meet the 35x-40x the rent guideline.
What if my credit or income is lower?
If your credit is 600–679 or income is below target, you may qualify with a U.S. guarantor or, where allowed, a third-party guarantor (property-dependent).
Who can be a guarantor?
A personal guarantor: accepted under certain conditions. Personal guarantor must meet 70× monthly rent in annual income and have 700+ credit (case-by-case). Third-party guarantor: available at some buildings (e.g., TheGuarantors or Insurent); their fees are separate from any application fee.
I’m international / self-employed / a student—can I qualify?
Often yes. International (no U.S. credit): third-party guarantors are common. Self-employed: provide recent tax return(s), CPA letter, and bank statements. Students: proof of enrollment plus a guarantor or third-party option.
What documents should I prepare?
Most Applicants: Photo ID; last 4 pay stubs; 3 bank statements; employment/offer letter; most recent tax return; prior landlord reference; 4 months of rent-payment proof. Students: ID; 3 bank statements; proof of enrollment; aid/loan docs; landlord letter; rent-payment proof. Self-Employed: ID, CPA letter, 3 bank statements, most recent tax return, landlord reference letter, 4 months of rent-payment proof.
Is there an application fee?
All credit reports are run through Weimark Credit Services (TransUnion). The fee is capped at $20 per person (applicants and guarantors). Application fees are non-refundable. If you are not approved, you may request a copy of your credit report.
How long does approval take?
We aim to pre-review a complete application within 3 business days. Final owner/manager decisions can take up to two weeks, depending on building requirements.
Who makes the final decision?
The property owner/manager—not Lockbox Realty—makes final approvals/denials. We coordinate the process and keep you updated.
How much is the security deposit?
State law caps residential security deposits at one month’s rent. Timing and who collects (owner/manager or the brokerage) vary by listing.
When is rent due and who do I pay?
First month’s rent is typically due at lease signing. Pay only the parties listed in your written instructions (owner/manager or escrow). If sent to Lockbox Realty, it will be requested through zelle via admin@lockboxnyc.com. Never send funds to personal accounts or unknown links.
Do I pay a broker fee?
If we represent the landlord, tenants do not pay our broker fee (per NYC’s FARE Act). If you hire us directly as your representative, a tenant-paid fee may apply and will be disclosed in writing beforehand.
Are pets allowed?
Policies vary by listing (breed/weight limits, pet rent, etc.). Assistance animals (service/ESA) are not pets and are reasonably accommodated under the law.
Can you accommodate disabilities or unique circumstances?
Yes. Please tell us what you need—reasonable accommodations are available consistent with fair-housing laws.
How do I make my application stronger?
Submit a complete package the first time (all docs for every applicant/guarantor), and disclose credit freezes or special situations up front.
How do I apply?
Use the “Apply” link or email admin@lockboxnyc.com to start. We’ll confirm the building’s exact requirements and provide a secure upload link.
How do you handle my data?
We collect only what’s needed to process your application, store it securely, and share it only with the owner/manager and screening providers. Where noted, you may redact SSNs/account numbers.
How do we match roommates?
We
Do I need a pre-approval to see homes?
Yes—most sellers want a current lender pre-approval (or proof of funds for cash) before private showings or submitting offers.
What’s the difference between pre-qualification and pre-approval?
Pre-qualification = quick estimate based on what you tell a lender. Pre-approval = lender-verified (credit/docs). Sellers take pre-approvals seriously.
How much cash do I need?
Plan for a down payment + closing costs + an earnest-money/hand-money deposit. Your lender will give a personalized estimate up front.
What happens after my offer is accepted?
The steps: deposit → inspections → appraisal → underwriting → title/attorney work → clear to close → final walk-through → closing.
How long does closing take?
Typically 30–60 days with financing; cash can be faster. Co-ops/condos or unique properties can take longer.
What is earnest money/hand money?
A good-faith deposit held in escrow and credited to you at closing. Amount and due date are written into the offer.
What’s an appraisal contingency?
If you’re financing, the lender orders an appraisal. If value comes in low, the contingency lets you renegotiate, cover a gap, or cancel per the contract.
Can I waive inspections?
You can, but it raises risk. If you need to be competitive, consider an informational inspection or narrowing the scope rather than a full waiver.
Can I buy with a “sell-my-home” contingency?
Yes, but it can weaken your offer. We’ll gauge the market and suggest alternatives (bridge options, rent-back to sellers, timeline strategies).
What should I review in a CondoCo-Op?
Rules, fees, budget/reserves, insurance, special assessments, rental restrictions, pet policy, parking/storage, and upcoming capital projects.
Who represents me and when do I sign disclosures?
You get agency disclosures/consumer notices at first substantive contact so you understand who represents whom. We’ll review them together in plain English.
How do we price my home?
We’ll build a Comparative Market Analysis (CMA) using recent comparable sales, current competition, and micro-trends, then set a pricing strategy (launch, adjustments, and timing).
What should I do before photos/showings?
Declutter, deep-clean, touch-up paint, maximize light, fix small items, and handle odors. We’ll give you a short punch-list and staging tips.
Do I have to complete disclosures?
Yes—expect property condition forms and any required addenda. Full, accurate disclosure protects you and reduces renegotiations later.
How will you market my home?
Pro photos/video, floor plan, compelling copy, syndication to the major portals/MLS, targeted social + email, agent outreach, and open-house strategy.
How are showings handled?
We’ll set showing windows, notice requirements, and access (lockbox or escorted). We verify IDs when appropriate and track feedback.
What makes an offer “strong” beyond price?
Financing type, deposit strength, contingency terms (inspection, appraisal, mortgage), timeline, and buyer flexibility (rent-back, repairs, credits).
What is “highest and best”?
A deadline for all buyers to submit their top terms. We’ll compare full packages (not just price) and help you choose the cleanest path to closing.
Do I have to fix inspection items?
Not always. Options include repairs, credits, price adjustments, or holding firm. We’ll weigh cost, time, and risk with each request.
How long from offer to closing?
Often 30–60 days with financing; cash can be quicker. Title/association docs, appraisal timing, and repairs can affect the timeline.
What are typical seller costs?
Payoff of any mortgage/liens, transfer/recording taxes and fees, attorney/title fees (market dependent), agreed credits/repairs, and brokerage commission (negotiable).
Can the buyer move in before closing or can I stay after?
Only with a written agreement (pre-occupancy or rent-back) that sets dates, insurance, utilities, and deposits. We’ll structure it safely if needed.
What can cause a deal to fall through?
Financing issues, appraisal gaps, inspection disputes, title problems, or HOA/condo snags. We’ll keep a Plan B ready and manage deadlines tightly.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur
When and how is commission paid?
Commissions are negotiable and set in the listing agreement; they’re paid from proceeds at closing.
What should I not do during the listing?
Don’t discuss your bottom line publicly, don’t block showings, and avoid recording buyers’ private conversations without disclosure. Tell us about any changes or new issues immediately.