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Virtual Staging vs. Physical Staging

Virtual Staging vs. Physical Staging

Virtual reality as a staging tool has grown in popularity since I first began staging apartments 17 years ago. I have used virtual staging sparingly in listings because it simply does not replace the experience of walking into a nicely furnished, staged home. Some feel that it can be used as a tool for showing buyers the possibilities of altering spaces. While this is true, I’ve heard brokers – usually the younger group – insist to potential sellers that is a suitable replacement for physical staging. This assumes that a buyer will be satisfied by investing in an apartment they’ve...

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Become an Expert Buyer: The ABCs of Assessing Value

Become an Expert Buyer: The ABCs of Assessing Value

While it’s very important to work with a skilled and knowledgeable real estate agent, there are many features that buyers should consider when searching for a new home.  Being knowledgeable about each aspect can aid a buyer in assessing the value of an apartment.

Amenities: As focus has shifted to buildings that have a wide array of services and amenities, ranging from simple laundry rooms or bike storage, to pet spas and high-tech gyms, units in these buildings command higher prices.

Bedroom/room count: An apartment that has a gracious layout will have more value than one with an awkward layout. Additionally, a bedroom count that is in...

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Market Report: September 2017

Market Report: September 2017

Manhattan felt the cooler air of autumn come earlier than usual over Labor Day Weekend, a perfect end to a beautiful summer with comfortable temperatures and a reasonably active real estate market even in the dog days of summer. Open houses saw a steadier stream of attendants than a typical summer and co-op sales in July rose 13% higher than the previous year with 533 contracts signed.

The news cycle has continued to trend as previously mentioned and the market has been chugging along regardless of the irregularities that are still occurring in American politics. If the economy continues to strengthen as we expect,...

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Market Report: August 2017

Market Report: August 2017

Welcome to the Deanna Kory Market Report, a series on the real estate market news based on research and personal observation.

We look forward to updating more frequently this Fall!

The market has been showing some small, but promising signs of picking up from a quiet summer and it’s partly due to how adaptable people are in times of uncertainty. Sellers and many buyers have been nervous with their investments, tuning into news that has been churning out drama after drama in a seemingly endless loop. However, the constant stream of crises is becoming white noise for many people and...

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Purchasing an Apartment in a New Development

One Riverside BoulevardBuying an apartment in a brand new building or in a conversion from rental to condo/co-op or even in a building under construction that does not yet exist, has enormous appeal for many reasons, including:
1. Everything is new. For some buyers there is nothing that compares to owning a brand new home that no one has lived in before.
2. Ease of purchase. When purchased directly from the sponsor of a new development project there is no intrusive board approval process, i.e. no financial statement, board...

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