Manhattan Blog Estate
Real estate information and consumer reports about buying and selling apartments and townhouses in the complex Manhattan real estate market.
ARCHIVED BLOG POSTS
2006
2
Comments
Before you come to love Manhattan, you must understand our peculiar housing market. Manhattan is a unique place in the real estate universe. Not only does it have a large rental market (75% of the available housing units vs. about 5 - 10% in other markets), but it has ownership and other importan...
08/16/2006
I attended a presentation from brokers marketing a new condo with anticipated closings starting March 2007. They are requiring 10% deposit with signing and another 10% in 90 days. No financing contingencies.When asked why they responded "the developer felt less buyers would walk with 20% invested...
08/15/2006
If it's priced right the buyers will bid on it. I recently had a properrty on the market for 6 months. After 2 price reductions totalling almost $100,000 of the original listing price I received multiple bids. I heard several similar stories from other agents in my office today. One had the prop...
08/15/2006
I've had a listing since February that I thought was priced to sell and was going to sell very quick. When I first met the seller and saw the apartment (well what i was able to see of it through all the clutter and stuff and dirt) I knew I could not put it on the market in it's current state. Muc...
08/13/2006
There have been lots of blogs and press about ACRIS Automated City Record Information System displaying coop sales records online. Everything from secret plan for the city and state to impose mortgage taxes from appraiser [MillerSamuel] to Jerry Seinfelds signature on a UCC- form. [Gawker] I've b...
08/11/2006
Rainmaker
608,881
608,881
Mitchell J Hall
Lic Associate RE Broker - Manhattan & Brooklyn