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Market Report: February 2018

Market Report: February 2018

Given the steep drop in the stock market, buyers as well as sellers are asking me if this is the right market to buy or sell. For now, I will address the sale side.  For those considering selling, this may be one of the better times for the foreseeable future. I say so not because I am a broker and obviously I can benefit from sales, but because of many other factors that bear directly on the market, providing sellers (and buyers) the opportunity to make deals that are mutually beneficial.

To begin with, the state of the stock market does...

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BE AN EXPERT BUYER: International Buyers in the Big Apple

International buyers have always been a part of the NYC residential real estate market.  Each year there are waves of buyers from different parts of the world.  Foreign investment in the US residential markets – especially in NYC – occurs when certain market and financial conditions align.  Foreign buyers invest when the dollar is weak, as it is cheaper for them to buy under such advantageous conditions.  Additionally, when they experience economic instability in their own country or other desirable cities like London or Paris , foreign buyers focus on residential property in New York City, because in any case...

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BE AN EXPERT BUYER: Tips for Searching “For Sale” Properties in NYC

BE AN EXPERT BUYER: Tips for Searching “For Sale” Properties in NYC

Home hunting in New York City is a unique experience and since there are so many listings in Manhattan, a seasoned and experienced real estate broker can guide you towards a home that meets your needs and within your budget. However, some people get into a mindset that may leave them at risk of losing out on a great opportunity. When viewing properties, be sure to keep the following in mind:

  • Look past bad décor
    Because of some buyers’ lack of vision, looking past bad décor or décor that simply does not meet their taste or style can play a major...
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Renovating for Resale: Kitchen Design Pro-Tips

Renovating for Resale: Kitchen Design Pro-Tips

Today’s post is by guest writer & kitchen designer Regina Bilotta – this article is featured in the Deanna Kory 2018 Spring Newsletter

Once your home passes the Curb Appeal test, what is one of the most important assets in selling your house? The kitchen! According to Remodeling Magazine’s 2017 report, the average return on investment for renovations, or ROI – that is the value you can expect to get back upon selling your home for every dollar you spend on upgrades – is 64%. Kitchen and bath renovation ranks among the highest returns. Depending on the type of kitchen...

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Market Report: 2017 in Review & Looking to 2018

Market Report: 2017 in Review & Looking to 2018

Happy New Year! Each new year I provide an overview of the past 12 months of Manhattan’s residential real estate market, offer some thoughts based on many economic indicators, and try to gauge the tenor of the market in the first 6 months of the new year.

Interestingly though, notwithstanding the trepidation that many buyers and sellers experienced in 2017, the year ended on a positive note, prompting some speculation by agents that 2018 could be a strong market.  That speculation is further bolstered by the strength of the economy and the stock market, coupled with the traditional strong “spring” real...

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