buyer: Manhattan Buyers: What You Should Know!
- 02/06/11 12:18 PM
Define Your Wants Versus Your Needs. Making a list of wants and needs before beginning the search for a home can make the entire process less overwhelming. Insist on your needs. Hope for your wants. Check your credit rating and get pre-approved for a mortgage. Being approved for a mortgage is critical and a very easy process. Having a pre-approval in hand affords a buyer some strength in negotiating, particularly important in a highly competitive marketplace like New York. Investigate the neighborhood. Where are the schools and places of worship? How far is the nearest hospital or grocery store? Where do … (5 comments)
TAXI (Total Access Instantly) is Corcoran’s listing database.TAXI is a massive database, a history of sales present and past.It is a record of what is currently for sale or rent in Manhattan, Brooklyn and beyond, a history of what has sold in the past, and the primary means by which Corcoran agents market their exclusive listings to the brokerage community and the public.
Taxicab is a helpful, dynamic tool that allows you to collaborate more easily with your broker in finding a property that meets or exceeds your needs and expectations.It allows you to be … (4 comments)
A new web portal for REBNY (Real Estate Board of New York) members to market exclusive listings directly to the public will be launched in September. According to REBNY the purpose is to drive consumer traffic directly to the broker. Inclusion in this new venture is being offered exclusively to REBNY Listing Service (RLS) firms at a cost and is voluntary. REBNY will be aggressively marketing ResidentailNYC.com to the public. I first wrote about this in a blog back in November Web portal for public still no MLS for Brokers when it was first announced by REBNY. … (7 comments)
buyer: SNIFFING OUT A SALE: I Don't Just List I Market and Sell
- 04/25/07 01:56 PM
Niche Marketing to Pet Owners I recently read a funny post by Maureen Francis Sell-Lord Lesson: Peeing Dogs Do Not Sell Homes. My comment made her laugh but I was serious. Maureen, That house needs to be marketed to buyers with a bigger smellier dog. It should say in the description Dogs love this house! Mitchell At the time of this writing,The NY Times was planning a story about pets and real estate in Manhattan. Our PR company often pitches story ideas to the media. Through our publicist the writer Christine Haugney contacted me. They were looking to interview buyers willing to pay more for "pet friendly buildings". … (14 comments)
buyer: Manhattan market: The buzz from outside Inmans Real Estate connect in NYC
- 01/10/07 02:53 PM
The Real Estate Market in Manhattan is HOT! The buzz in the real estate industry this week is coming from Inmans Real Estate connect in NYC. New media moguls like Craig Newark of Craigslist and Matt Heaton of activerain are at the conference discussing blogging, web 2.0, the latest trends and technologies and the future of the real estate industry at panels and seminars and parties. Right outside the Marriott Marquis in Hells Kitchen and from Washington Heights, to Harlem to Morninside Heights, the Upper West Side, Chelsea, Murray Hill, Gramercy, the West Village, Tribeca and throughout Manhattan there is … (9 comments)
buyer: When Buying A Home - You Are What You Do
- 11/19/06 06:13 AM
Jeff Belonger's blog Top Trend Setters to Watch and Mariana Wagner's blog Secret Life of Generation X Consumer were both great and stimulated interesting comments and thoughts about marketing and positioning to these generational demographics. I thought about some of my buyers. What are their characteristics and which group are they in? How did I treat them and service their needs. Did each group have unique needs? Did they approach the buying process differently? I thought about their occupations. There is an expression in New York: "You Are What You Do" You -Are-What-You-Do-For-A-Living. A Buyers Behavior Is Usually In Sync With His Or Her … (18 comments)
buyer: 1997 Tax Reform - Great for Real Estate!
- 09/25/06 08:10 AM
The Taxpayer Relief Act of 1997 - signed into law by President Bill Clinton together with the Balanced Budget Act of 1997 is probably the most significant change in recent times affecting real estate. This law made some major improvements for Home Sellers, Property Owners and First Time Home Buyers. It simplified taxes for 99% of Homes sold in the U.S. Since 1997 Home sellers are eligible to exclude up to $250,000 if single or up to $500,000 if married, of the capital gain on the sale of the residence. In order to be able to claim the … (1 comments)
buyer: It's Best To Buy And Sell In The Same Market
- 09/20/06 06:38 AM
In real estate it is very difficult to time the market. Markets go in cycles there are tops and bottoms. Bottoms are usually created by pessimism and negativity. Tops are created by “irrational exuberance" To quote Jim Cramer on CNBC's Mad Money “Bears make money – Bulls make money but Pigs get slaughtered." The Fed created the boom in housing by lowering interest rates then they ended it by raising interest rates to take “the froth” out of the housing market. Maybe they will change their mind again. When everyone is bearish based on sentiment rather than the facts, that … (5 comments)
buyer: Will History Repeat Itself? It Usually Does
- 09/06/06 09:43 AM
During this past year the rental market in Manhattan has become very tight. Rents are soaring, multiple applications and even bidding wars have been going on. Many buyers gave up on buying and decided to rent instead. Flash back 3 years ago. Landlords were offering 1 -2 months free rent, paying broker fees anything to rent their units. Ads were not pulling. No one was renting everyone was buying. It was cheaper to buy than to rent. Rents are now skyrocketing. I have heard of landlords asking 20-25% increases in rent when a lease expires. Landlords used to increase 4-5% a year even … (8 comments)
buyer: Lets make a Deal - Negotiating in the current Manhattan market
- 08/19/06 12:08 PM
In Sunday April 20, 2006 New York Times Real Estate section the feature story By Vivian S. Toy is titled Lets Make A Deal. http://www.nytimes.com/pages/realestate/index.html It has a picture of an apartment with a divider down the middle called asking price and a buyer and seller are playing tug -of-war across the asking price. My broker JoAnne Kennedy, cheif operating officer of Coldwell Banker Hunt Kennedy http://www.cbhk.com/ Is quoted: "We're certainly not where we were in the irrational, exuberance days, sellers have become more realistic. and buyers are finding they have more time to select, and they can make an offer that's not asking … (0 comments)
Define Your Wants Versus Your Needs.
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