Morgan's New York City Real Estate Blog

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Real Estate Agent - Douglas Elliman Real Estate
All things related to the purchase of a Manhattan condominium or co-op purchase. We are Manhattan condominium experts.

ARCHIVED BLOG POSTS

2008 

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 exagg...
12/25/2008
I love Localism and the ability to focus on a specific neighborhood.  Having the opportunity to post articles in a forum that is specific and relevant is a great way to connect with people from my community.  I have posted articles in my neighborhood and have become a top neighbor by doing so.  I...
12/20/2008
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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 befo...
12/19/2008
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 depos...
12/17/2008
LinksMy New York City Real Estate BlogPhoto GalleryLiving roomLobbyLounge AreaLibraryGymnasiumFacadeDescriptionFantastic studio in Gramercy Starck Condominium. Brand New construction. Bright with city view. Large walk-in closet. Subzero and Miele appliances, Fixtures of polished Chrome throughout...
12/17/2008
The closing table at a New York City closing is organized chaos to the casual observer.  New York is an attorney state, no escrow companies who handle the closings in most of the rest of the country.  Depending on the type of property being purchased will determine the specific players who will b...
12/16/2008
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 si...
12/11/2008
LinksMy BlogPhoto GalleryPrivate baloncy with Southern Unobstructed ViewsMaster BathroomMiele Range/Sub-Zero Fridge/FischerPaykell Dishwasher2nd BathPhillipe Starck LobbyLounge AreaGymnasiumFloorplanDescriptionNever lived in...This beautiful apartment features: Culture finish with light oak wood ...
12/11/2008
According to the appraisal firm Mitchell, Maxwell & Jackson the average home price in Manhattan has fallen 8.8% since the beginning of 2008.  The number of contracts signed in September and October is 75% lower than the same time last year.  These numbers are not that surprising but are the first...
12/04/2008
When you see those red and white booths set up you know the holiday season has arrived in New York City's Union Square.  In its 11th year over 100 merchants set up in the Union Square market come rain and shine and offer New Yorker's and shoppers a variety of eclectic gifts, including holiday pre...
12/01/2008
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Morgan Evans

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