Buying a Manhattan New York Condo as a first time home buyer you should know your buying power. Have you been renting for the last three years and you are ready to buy? How much equity do you have to put down? It is time for you to speak to a mortgage lender to understand today's lending rules and know your closing cost (bank fees, condo application fees, New York city and New York State taxes and attorney fees...etc) so that you have enough money to complete the entire transaction.
Buying a Manhattan New York Condo as a first time home buyer, it is a good idea to understand your timeframe. Do you have a lease that is coming to an end or do you have a month to month lease? Buying in Manhattan New York condo, a typical transaction takes 45-90 days or more. If you are not planning on financing, the quickest closing (if all parties cooperative) can happen in 45 days from the days you and the seller sign the contract, if financing, the process can take up to 90 days or more in today's market. To know when you need to move is absolutely neccessary!
Buying a Manhattan New York condo as a first time home buyer, you should keep an open mind as to what you can afford versus the location of your preference. If the purchase price (with the appropriate down payment and with lender's approved lending amount) is $500K, you are likely to find more space in Upper East side than the West Village. You should prioritize what are some must have items to you, is it location, is it doorman, is it the size, it is the price. Buying a Manhattan New York condo is an art of give and take, keeping an open mind to different options will help you to find the suitable Manhattan Condo!
If you are looking to purchase Manhattan New York Condo, we are the Manhattan Condo Specialists. Please contact us as we will be able to access ALL the Manhattan Condo listings in area of your preference. To receive prompt response, please email us at Morgan.Evans(@)elliman.com. Call us at (917)837-8869.
No inspection in Manhattan New York Real Estate, Where the most of the Real Estate in the country has inspection as part of the negotiation, buyers are allowed to inspect the property once the offer has been made and written and ask the sellers for credits and money back after they inspect the property, in Manhattan New York Real Estate, we sell the Co-Ops and Condos in 'AS IS' condition.
No Inspection and "AS IS" condition (in Manhattan New York Real Estate) means all appliances should be in working order,there should not be any visible structural damage, such as leak, cracks in the wall and etc. The seller is responsible to fix if the dishwasher, refrigerator, stove, faucet, and etc is not working. The seller is NOT responsible if the buyer wants a new sink, new floor, or a new coat of paint. Sellers are not obligated or responsible for cosmetic fix ups. The general practice in Manhattan New York Real Estate, we do not credit buyer any money back for non-structural fix ups. (there are some more complicated transactions and exceptions will be made).
With that being said, even though in Manhattan New York Real Estate there is no formal inspection, buyers should always inspect the property and note all the cosmetic fix ups should be discussed with buyers' agent prior to buyers submit the offer. Buyer can always suggest part of the cosmetic fix up to be sellers' responsibility during the price negotiation, however, it is up to the seller to decide if this is something they are willing to do. If the seller is not willing to make the changes that was suggested, buyers should take that cost into consideration when submitting an offer, and not after the offer was submitted! Once the offer is accepted, most of the time sellers are not interested in re-negotiate an offer after the offer is verbally accepted.
*exception can always be made, though this is the general practice in Manhattan New York Real Estate.*
Below are some more information for you to understand Manhattan New York Real Estate market better.
If you are a first time home buyer, or a buyer that is relocating to Manhattan New York, please note there are lots of different Real Estate practices here in Manhattan New York. To have a smooth home buying practice, it is beneficial for you as a buyer to be educated with not only the market but only the purchase process. Contact us today as we are Manhattan New York Relocationg specialists and we are the market expert. (917)837-8869 or morgan.evans(@).com
This chic blue glass building was complete in 2008. Philippe Starck has designed the building's interior and buyers could choose from three "finishing" packages for their apartments: classic, culture or nature.
Gramercy Starck RentalOne of the best priced high floor one bedroom rentals in Gramercy Starck condominium.
Gramercy Starck Rental Beautiful BRAND NEW NEVER LIVED IN one bedroom in Gramercy Starck Condominium. Fantastic Empire State Building Views.
Gramercy Starck RentalWasher/Dryer in Apartment. Gramercy Starck offers luxury amenities, including library Lounge, landscaped roof terrace, roof deck, a 2600 sf. Starck designed Health Club with Lounge area. Call Today to schedule an appointment.
We have helped multiple owners and renters find their perfect home in Gramercy Starck Condo. Please call us today if you want to schedule an appointment. (917)837-8869 Morgan Evans. Morgan.Evans(@)elliman.com.
Do you have a Hot List? Recently in my office an initiative started to create an internal "HOT LIST" of properties. A property to be worthy of the hot list has to meet a couple of criteria:
Priced to Sell compared to Relative Properties
Something Unique, Special, Remarkable that Sets this property Apart from the Crowd
A property that "YOU" would buy if you were in the market for this type of apartment
The hot list would be circulated between agents and we would see some potential deals for our customers. I think this idea was great. I recently heard the quote, "You Sell what you See." We all have customers that pass on properties for certain reasons, but throughout the process of showing a property or during a negotiation you see what a property could trade for. You see that somebody could get a really terrific deal.
One of the iron clad rules of the hot list was that the property cant be one of your own listings that you've been trying to sell for the past 10 months with no avail. You can't exchange in a "I'll rub your back you rub mine" exercise of agreeing to recommend the listing of the person you sit next to in the office and vice versa. We all know when we see an overpriced listing!
I look forward to seeing this week's hot list. There are a lot of super creative, very smart, productive agents in my office and I'm sure they come across some interesting apartments in their daily routines. I am hoping some of these properties fit the bill for what my customers are looking for.
If you would like to receive the Hot List just to see what properties are being recommended contact me today (917)837-8869 and I will put you on the list.
We are residents of Upper West Side in Manhattan New York and also successful Real Estate agents under Prudential Douglas Elliman. We know the neighborhood intimately and have market knowledge to share with you or anyone that may need that information. Contact us today at (917)837-8869 or Morgan.Evans(@)elliman.com.
Co-broke or Go Broke in Manhattan New York Real Estate! When I first started selling Real Estate in Manhattan an experienced broker said to me, "Sometimes you either co-broke or go-broke."
Manhattan New York is a different animal as far as the exclusive broker being the gate keeper to every single one of their exclusive properties. As I have blogged before we don't have keyboxes on our properties. Any time an appointment is made to look at an apartment we have to show it ourselves. In years past when the market was red hot getting appointments to see a great apartment could become very difficult. The listing broker would have a variety of reasons why they couldn't show you or accommodate anything. This is a reason why building a relationship with big listing brokers is very important. Many times I was able to view an apartment with my customers before an official open house to the public because I knew the listing broker personally or they were from my office.
Getting back to that sage advice I received, in a hot market selling the apartment to a buyer who is unrepresented coming direct would obviously enable the listing broker to not have to co-broke or share the commission with another side. This is why some listing brokers would make it very tough for agents to see property, trying to buy enough time for a direct buyer to make an offer. Not the most ethical thing to do, but it happened. Now that buyers are scarce showing an apartment to any interested property is the name of the game!
WHAT DO YOU DO in YOUR MARKET PLACE? Has the Real Estate community change its attitude since the shift of the market? Love to hear from your part of the market!
We are residents of Manhattan New York and also successful Real Estate agents under Prudential Douglas Elliman. We know the neighborhood intimately and have market knowledge to share with you or anyone that may need that information. Contact us today at (917)837-8869 or Morgan.Evans(@)elliman.com.
Lately I have been very busy in helping out of town renters and newly transplant New Yorkers looking for their perfect Rental apartments in Upper West Side Manhattan. I am an Upper West Side Resident myself, therefore many of these renters feels that they are not only working with the neigborhood expert, they are also getting a tour guide to find the best coffee spot, bakery, or a burger joint!
Many renters call me because I specialize in No Fee Upper West Side Rental, No fee means the renter does not have to pay a Broker's fee. (In Manhattan, typically renters are responsible for 15% of the annual rent as brokers fee. This year, many rental management provide extra incentives to the renters in which they will compensate part of the broker fee) With that being said, why not utilize a broker that can help you in finding the suitable apartment when a knowledgable broker has all access and the ins and outs of all inventory. Our Upper West Side rental specialist Morgan Evans will help you find the perfect Upper West Side apartment.
No fee Upper West Side Rental, is in high demand and low supplies! Summer season, it is known to be the busiest rental season. This year is no different, we are receiving at least 7 phone calls a day with potential renters looking to find a space, we are the Upper West Side rental expert, because we are familiar with the neighborhood, buildings, and intimate knowledge of the managment company.
No Fee Upper West Side Rental, if you are relocating...Organize and prepare the necessary information to bring with you, including:
Letter of employment and salary verification (include start date if not yet employed)
Bank account numbers (checking and savings), credit card numbers
Names, addresses and phone numbers of previous landlords
Names, addresses and phone numbers of accountant and attorney, if applicable
Names, addresses and phone numbers of personal and business references
Tax returns
Pay stubs
Expected bonus (verification from employer)
Additional sources of income with verification
Personal identification with photograph - driver's license or passport
No fee rentals in Upper West side in New York City. As a resident of Upper West Side, I always enjoy going to the Central park and walk through the treeline blocks with beautiful brownstone townhouses on each side of the block. If one is looking for New York charm, brownstone apartments are without a doubt, one of the type of housing that will help you feel like you have arrive in New York.
Contact Morgan at (917)837-8869 or email at Morgan.Evans(@)elliman.com.
No fee rentals in Upper West side in New York City - Partner up with me to day To find your desirable NO FEE RENTALS in Upper West Side in New York city, being an Upper West side resident myself, I know the ins and outs of each Upper West Side blocks, building, management company, and your need to know information of this amazing neighborhood.
155 West 68th Street - Doorman building, must see no fee rentals in Upper West Side
245 West 72nd Street - Steps to Subways and Central Park No Fee Rentals in Upper West Side
No Fee Rentals in Upper West side in New York City-Most of the No fee rental in Upper West Side in New York city for rent will be either owned by individual owners or a management company. Management companies typically have straight forward guidelines of who they will accept as an applicant. If you do not meet their income requirements, credit scores, among other issues you will not be looked at. Naturally every company is different, but renting from a management company and directly from an owner will be a different process. An individual owner might be a little more flexible to work with.
No fee rentals in Upper West side in New York City. As a resident of Upper West Side, I always enjoy going to the Central park and walk through the treeline blocks with beautiful brownstone townhouses on each side of the block. If one is looking for New York charm, brownstone apartments are without a doubt, one of the type of housing that will help you feel like you have arrive in New York.
Contact me at (917)837-8869 or email at Morgan.Evans(@)elliman.com to look for your No Fee Rentals in Upper West Side in New York City
Copyright "No Fee Rentals in Upper West Side in New York City" 2009
Are you looking for NYC Listings in Manhattan? NYC Listings for property in Manhattan can be emailed directly depending on your search criteria. We have access to all of the NYC Listings in Manhattan. If you are just starting your search or would like a detailed analysis of the properties that are of interest to you, we can provide all of the information you need for your NYC Listings search.
Your NYC listings search begins at looking at property that meets your personal criteria. As your search becomes more serious and you are interested in making offers on potential apartments, having the tools at your disposal to make an educated buying decision becomes more important. One of these tools is the Market Absorption Rate.
Definition of Absorption Rate: Number of weeks/months it takes to sell the current inventory at the present rate of sales
3 Important Factors to Consider:
Manhattan does not have a MLS so tracking the total amount of inventory is not an exact science, different websites give different numbers, so based on what set of data is used will ultimately determine different absorption rates
How is the current present rate of sales determined? Once again this is a rate that depends on the source material used, there are many different places and figures giving the current rate of sales for Manhattan.
Absorption Rate is a trend. From week to week, month to month this number will change and is based on a number of factors that need to constantly examined.
Why is Absorption Rate Helpful to You?
It will allow you to know when a real estate market most favors buyers or sellers with actual evidence?
If you are looking to sell, the market absorption rate will help you identify a factual time period it will take to sell your property based on your price point
Absorption Rates will indicate whether the local market is a buyers market, sellers market or a neutral market.
The question an absorption rate answers is "Is the inventory in a given market expanding or shrinking? "
The Dorchester Towers Condominium (155 West 68th Street) offers a unique ability for your buying and rental needs. Dorchester Towers is one of the largest full service condominium buildings on the Upper West Side. Dorchester Towers has about 680 units spread out over 32 floors and two towers.
The spring selling season at Dorchester Towers was definitely true to form as more activity and lots of foot traffic made its way into our building. The first quarter market report saw significant declines in pricing, volume of sales, and a surge in inventory levels. How busy was the spring going to be when typically sales are at their highest? There was a lot of traffic and sales occurred, but only on properly priced apartments.
Dorchester Towers saw a number of properties come on the market. Including our one bedroom listing apartment 1433. With such close proximity to Lincoln Center and various subway lines open house traffic is always strong in the building. Some of our open houses had a dozen people waiting for the doors to open. Well priced property sees a lot of activity and buyers are looking for value.
Currently on the market in Dorchester Towers are a variety of apartments, alcove studios all the way up to a 4 bedroom 3 bath combined unit. We see a lot of people who currently live in the building or who have lived in the building in the past now looking to possibly purchase. This just goes to show that the building management and quality of life at Dorchester Towers is strong.
Renting in Dorchester Towers is still a strong option for many people. If you are looking for a studio, one bedroom, junior 4, two bedroom or three bedroom, it is all available. Here are a couple of apartments that are currently available:
For Dorchester Towers Condominium sample floorplans for 1-Bedroom Floorplan , 1-Bedroom w/dining alcove(JR 4) Floorplan or 2 -Bedroom 2.5 Bath Floorplan. If you are looking for a studio, alcove studio or different configuration contact us and we will provide your desired request.
For a complete list of the current apartments for sale at the Dorchester Towers Condominium or for condominium apartments for sale in the Upper West Side call Morgan Evans or Eileen Hsuat (212)321-7122 for further details. *If you are thinking of selling your Dorchester Tower Apartment ( 155 West 68th Street)*
**We are in a competitive market, hence working with two agents that live in the building and that specialize in condominium sales will you give you an advantage when it comes time to sell or rent your apartment. Our approach to selling your apartment is intentionally unique. We use strategies that most real estate agents do not use. If you are interested in hearing our proposition, contact us immediately to see how we can help you achieve your goals.**
New York City Manhattan Real Estate market condition, tips for Condo and Co-Ops, help first time buyer, first time investors, pet owner buyers, and foreign nationals in understanding this housing market.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
One of the iron clad rules of the hot list was that the property cant be one of your own listings that you've been trying to sell for the past 10 months with no avail. You can't exchange in a "I'll rub your back you rub mine" exercise of agreeing to recommend the listing of the person you sit next to in the office and vice versa. We all know when we see an overpriced listing!
Posted by 
The spring selling season at 
Currently on the market in 
;)
;)
