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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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What to Look for During Your Pre-Closing Walk-Through

checklist-smallWhether or not you are buying your new apartment ‘as is’, it is advisable to refer to a pre-closing walk-through checklist. It all seems standard but when you are there, it’s easy to forget. If there is a post-closing holdover, the contract will typically stipulate the pre-closing walk-through and the post-vacancy walk-through to confirm nothing significant has changed since you took ownership. The detailed inspection below is usually reserved for the final review which takes place after an apartment has been vacated. Below are things to look for during a walk-through:

General...

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Preservation Pays

Preservation Pays
An Upper West Side Architectural Gem Holds Its Value, Generation After Generation

For over 30 years, LANDMARK WEST! (LW!) has worked to protect the architectural character of our Upper West Side neighborhood from insensitive change and development. One of the many gratifying partnerships we enjoy is with Deanna Kory’s team at Corcoran. This past July, together we co-organized the latest in a series of open houses featuring remarkable historic properties on the market. Architectural historian and Columbia University professor Andrew S. Dolkart led a captivating tour of 351 West End Avenue, a beautifully restored 1891 rowhouse designed by Lamb &...

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Cut the Clutter and Make the Sale

Cut the Clutter and Make the Sale

Clutter is an unavoidable nuisance for most. But when it comes to selling a property, it is a serious hindrance. Decluttering your space may be the most important preparation for showing your home – and for landing that coveted asking price, or much higher.

When prospective buyers see your home, they want a blank slate onto which they can project themselves and their future lives. If your home is highly customized (that indigo mood wall, or that incredible print you scored at a Chelsea estate sale), or even a little lived-in (the last 10 years of your children’s school pictures are...

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