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In Defense of Co-ops: A Response to Brick Underground

In Defense of Co-ops: A Response to Brick Underground

Earlier this month, Brick Underground posted an article “Why I’ll Never Buy an NYC Co-op Again” that narrated the woes of one individual’s experience living in a co-op apartment. There are over 7,000 co-op buildings in New York City and it’s unfortunate that the writer’s negative experience brushes over all of these great residential opportunities. Given that the article now has hundreds of shares on Facebook, I find it necessary to remind real estate readers why co-ops are one of the most financially beneficial investments for Manhattan living.

  • Co-ops are an Excellent Value: Overall, co-op apartments offer more space for...
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Your Home Team Part 2: How to Find the Right Real Estate Attorney

Your Home Team Part 2: How to Find the Right Real Estate Attorney

This series features advice on how to build the best team of professionals who will help you with the buying or selling of your Manhattan home. Assemble your Home Team by also reading Part 1: Real Estate AgentPart 3: Mortgage Specialist and Part 4: Professional Renovator.

Whether it’s buying or selling an apartment, you’ll want a reliable real estate attorney on hand. Your real estate broker focuses on searching for the perfect apartment for you as a buyer or preparing a comprehensive marketing plan for your apartment as a seller, as well as develop a negotiating strategy and the terms of purchase or sale.  To that...

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Become an Expert Buyer: Making an Offer in 4 Steps

Become an Expert Buyer: Making an Offer in 4 Steps

Once you have researched the market, viewed many apartment & home choices, and assessed what is important to you, there comes a time when you are ready to place an offer on your favorite home.  Here are four steps in preparation for the process of making your initial offer.

 

I. Determine the Value and How Much You Will Offer
Research and review with your real estate agent:
–Market conditions
–Similar sales activity with both current listings and recent & past sales in the neighboring area and within the building
–The property’s pros & cons and how that might affect...

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Market Report: October 2017

Market Report: October 2017

As I indicated last month, the Manhattan real estate market over the summer and September was steadily chugging along and leaning towards a buyers’ market. However I had started to sense a slight shift toward sellers again. This is in large part because the economy was stable and many sellers had begun to lower their prices, becoming more realistic. It seems that this slow shift may be continuing: in these early days of October I feel a definite uptick of energy in the real estate market. Maybe it’s the energy of people finding their rhythm in their offices and classrooms now that...

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Your Home Team Part 1: How to Select a Real Estate Agent

Your Home Team Part 1: How to Select a Real Estate Agent

This series features advice on how to build the best team of professionals who will help you with the buying or selling of your Manhattan home. Assemble your Home Team by also reading Part 2: Real Estate AttorneyPart 3: Mortgage Specialist and Part 4: Professional Renovator.

Manhattan sellers have the option of choosing a broker from thousands of licensed real estate agents to help represent their home; this task can seem daunting. After all, parting with your home is an incredibly personal experience, so it’s imperative that a seller knows how to find a real estate agent that’s right for them.

The first step...

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