Here we are beginning the ever popular spring season in real estate and it's amazing how much activity is happening in Manhattan. (First let's strangle that furry rodent who predicted an early spring...)
Customers who have failed to attend recent open houses - can not believe that they can be one of sixty people showing up to view a property. Are we back to two years ago -- but with some more affordable pricing?
Needless to say - some folks in Harlem read the recent New York Times Article about Washington Heights maintaining its property values over the past six months and have taken the opportunity to RAISE their asking price. I don't know quite what makes these sellers believe that it will prompt more offers -- but I do believe the brokers are being told what to do in those scenarios. What broker would think that is a wise move when a property has already been sitting on the market for a few weeks?
I know one thing and that is that I am in need of more smart agents to join our firm to handle the referrals coming into our office. We have buyers - renters - looking to live in Manhattan and I need the agents to work with them.
On another subject -- I'm looking to see if anyone is actually using the new Agency Disclosure Forms. If you have an agent who has spoken with you about Agency relationships, I'd like to know about it.
Enjoy the warming weather and the warming real estate market.
Wednesday, February 28, 2007
Monday, January 29, 2007
Real about Real Estate
Beginning the new year in Manhattan - there's a lot of sale and rental activity in all budget ranges - not just the high-end as most publicized. This has been one of the busiest January's - in keeping with the stronger market we've experienced in recent years.
Nay sayers - I believe they are sitting still in their rental apartments waiting for that magical time when they will finally purchase a home which never seems to happen...yet watching each year pass and seeing nothing at the end of it except the state and a landlord getting wealthier off of their hard earned money.
What's new? Importantly there is a new agency disclosure form that just went into effect this month. Currently it applies to 1 - 4 family dwellings. However, there is legislation that has been introduced in Albany to have the disclosure form apply to cooperatives and condominiums which of course represents the majority of property in Manhattan. Stay tuned for further developments.
And the story of the Real Estate Board of New York and the Public Portal continues to be source of a) annoyance to many; b) consternation to some; and c) not even worth thinking about by others.
Nay sayers - I believe they are sitting still in their rental apartments waiting for that magical time when they will finally purchase a home which never seems to happen...yet watching each year pass and seeing nothing at the end of it except the state and a landlord getting wealthier off of their hard earned money.
What's new? Importantly there is a new agency disclosure form that just went into effect this month. Currently it applies to 1 - 4 family dwellings. However, there is legislation that has been introduced in Albany to have the disclosure form apply to cooperatives and condominiums which of course represents the majority of property in Manhattan. Stay tuned for further developments.
And the story of the Real Estate Board of New York and the Public Portal continues to be source of a) annoyance to many; b) consternation to some; and c) not even worth thinking about by others.
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