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From the category archives:

Sellers

Appraisal jam: multiple appraisals asked for the same property?

by Red Delicious October 6, 2011

As you may know, our team has a collective 30+ years of experience in the real estate industry. You could say we’ve seen it all … until now, that is. Thankfully, we had an amazing August; during the month, we encountered three, count them, three requests for doubling up on appraisals. To spell this out [...]

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Baby on Board? What to expect when you’re expecting

by Honeycrisp September 29, 2011

Few life events are more impactful than having a baby.  It changes your life, your priorities and, more often than not, your housing needs.  The prospect of a new giggling, pooping and seemingly always eating family member effects more than just your perspective on work and family:  it has very real consequences on the timing [...]

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When NOT to walk away from negotiations

by Honeycrisp September 8, 2011

We’ve worked with a few buyers recently who want to test a seller’s resolve via the negotiations process.  Sounds normal, right?  The issue is that we’re seeing many buyers not willing to take the process to its conclusion.  They begin bidding, receive one or two counters and then stop and pull out altogether, assuming that [...]

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International buyers are back! C’est vrai!

by Red Delicious August 1, 2011

It’s been some time since we’ve talked about foreign investors.  We now have good reason to revive the conversation.  According to Urban Digs, much of the uptick in activity we’ve seen over the last six months has come from foreigners swooping in for pied-a-terres, looking to buy their piece of the Big Apple.  Indeed, even [...]

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Overpriced listings at lowest levels since 2008

by Honeycrisp June 30, 2011

That’s right, you read the headline correctly:  the pool of overpriced listings appears to be at a 3 year low right now.  According to Urban Digs’ extensive analytical platform, the number of overpriced listings is at the lowest level since 2008, based on the proxy for this statistic: the number of properties going off market.  [...]

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The summer slow-down myth exposed

by Mitchel Askinas June 17, 2011

It is considered common wisdom that the summer presents both sellers and buyers with the annual seasonal slowdown, both in the number of listings coming to market and in the number of contracts signed.  This is said to be the case due to the mass exodus of residents leaving the city for their Hamptons homes [...]

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When is the real estate market least efficient?

by Honeycrisp May 31, 2011

We often tell buyers to heed this warning: the real estate market is not as efficient as you’d like it to be.  It’s time we share this open secret with sellers, as well.  So you’re a seller, and you’ve done your homework.  You’ve researched closed sales and existing sales, both in your building and neighborhood, [...]

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Are co-ops going out of favor in NYC?

by McIntosh May 25, 2011

Every so often, several deals occur over a short period of time that raise our eyebrows in terms of new, developing market trends.  While we can’t call it an outright exodus, we have encountered one too many of these situations to not mention them:  owners selling their coops and strongly opting for condos in their [...]

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The liquidity dilemma: planning for the sale proceeds BEFORE you sell

by Honeycrisp May 16, 2011

The contract is signed, and you are mere weeks from closing.  Now is the perfect time to think about how you’re going to deploy the assets generated from the sale, right? Not necessarily! It is important not to be “reactionary” in your investment philosophy. “Liquidity events are some of the most critical times in terms [...]

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Full-scale renovations are on the rise led by buyer frustration

by McIntosh May 11, 2011

We’ve talked a good bit about the relative lack of inventory on the NYC landscape and the buyer frustration felt at having so little from which to choose.  Alas, this frustration seems to be manifesting itself into a new trend:  if buyers can’t find what they’re looking for, they’ll create it!  We’re seeing a significant [...]

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