first time buyer: 250 Hours to Sell a Listing?
- 12/25/08 04:33 PM
250 Hours to Sell a Listing? I was reading an article that had really nothing to do with selling a listing, but within the article it stated that the average time it took them to sell one of their listings was 250 hours in today's market. That number got me thinking. 250 Hours! Is that an exaggeration or somewhat realistic? What activities are they including, do they actually log the hours they put it, or did they just make up the number arbitrarily because it sounded good. So I have sat down and broken down the three major areas of the … (46 comments)
first time buyer: Co-broke or Go Broke!
- 12/19/08 10:56 AM
When I first started selling real estate in Manhattan an experienced broker said to me, "Sometimes you either co-broke or go-broke." New York City 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 … (20 comments)
first time buyer: WALKING AWAY FROM $152,000.00!!
- 12/17/08 02:56 AM
Walking away from $152,000.00!! When a buyer signs the sales contract in New York City they also make a deposit of 10% on the agreed upon sales price. Essentially this is their earnest money deposit. Considering that the average sales price is over a million dollars in New York City, this deposit can become a small fortune. Some unfortunate new construction buyers have been forced to walk away from their contracts because at the time of contract signing they put down their 10% deposit and qualified for a specific loan program. While they were under contract and the building was going … (41 comments)
first time buyer: New York City First time home buyer and Investor MUST READ! The Financial Report of the Building pt. 3 of 5!
- 12/11/08 01:37 AM
Part 3 - KNOW THE FINANCIAL REPORT OF THE BUILDING: Whether you are a first time buyer or a seasoned investor buying a New York City Condo, Co-Op, Condop, or Townhouse it is important to understand the full financial picture of the building. When you are buying an apartment, besides buying the single apartment unit in the multi-dwelling complex you are also buying into a building. Having a financially sound building can help avoid any future unexpected costs. A number of common questions usually asked by prospective buyers are does this building have any upcoming assessment, what is the underlying mortgage, if … (5 comments)
Licensed Real Estate Salesperson specialize in Manhattan Condominium market such as Resale Condominiums, New Construction condos and condops. We work with first time home buyers, foreign buyers, investors. We Specialize in neighborhoods: Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Greenwich Village, Soho, Union Square, Financial District in Manhattan.
250 Hours to Sell a Listing?
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