All Posts Tagged With: "NYC brokers"
Empty Retail Spaces in NoHo – Broadway and Astor Place is Land of K-Mart
(post by Dee) Whatever happened to NoHo?! I went down there the other day and couldn’t help but notice how quiet and dead it was. I had an eerie feeling that the festive, cool, lively spirit has left the neighborhood. Half of the storefronts along Broadway were vacant, and 8th Street was deserted! Besides NYU, [...]
14Jan2009 | | 0 comments | ContinuedThe Real Deal with 2008 Real Estate News – and 2009 NYC Market Outlook
(post by Dee) 2009 is on, but I have just picked up a copy of the Real Deal magazine’s December 2008 edition. Not a big fan of the magazine (basically every “article” is an infomercial written by a broker or about brokers, often not very good ones – don’t ever use it for advice or [...]
5Jan2009 | | 0 comments | ContinuedSince Lehman, NYC Sales Slow Down Buyers Make Low Offers with 2009 Market in Mind
(post by BT) I was going through our listings in the last 12 months and noticed a bad trend. For most of the first 3 quarters of 2008, some sellers were priced right and some where a little over priced, but we were able to move them. But when October arrived and Lehman Brothers evaporated, then [...]
31Dec2008 | | 0 comments | ContinuedHoliday Pricing for Robust Real Estate Sales in NYC
(post by BT) Want to sell in today’s market? Well, take off at least 10% off what you think your house is worth and bingo, there’s your new 2009 asking price!!! Oh yeah, keep in mind, i did mean “asking price”. So, unless you are ready to offer a holiday discount on your your Ho-Ho-Home, [...]
16Dec2008 | | 0 comments | ContinuedCondo Prices Fall in Manhattan! Harlem Sales Fall 76 Percent! End of the World as We Know it?
(post by Dee) According to Mortgage News Daily, Condo Prices are Falling Across Manhattan. Some city brokers will continue to live in denial. Good for them! Now some others (like yours truly) will be realistic and adjust in their business, telling clients/sellers “like it is” and focusing on areas that are still hot (industrial, multi-family [...]
4Dec2008 | | 0 comments | ContinuedWhy Good Loans Are Now Also Frozen?! Banks Screwed Up, Homeowners Are Paying
(post by Dee) A comment from Robby clearly was due in part to misunderstanding of BT’s post from the other day about Banks Bringing Market Down. We obviously welcome all comments, but wanted to clarify this…
Here is what Robby wrote: “sounds like a paranoid and jilted broker complaining about a deal that didn’t go through [...]
Banks Trying to Bring Down the Real Estate Market?
I have a multi-family property that went into contract back at the end of July. The building is a 4-family located in a very stable neighborhood in the outer boroughs. The buyer had already been qualified through his lender (bank-direct mortgage). The contract price was $750K. Ah, the appraisal! Now, as Realtors, we always know a property’s real market value. And this property was worth $850,000. [...]
8Nov2008 | | 1 comment | Continued
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