A Guide to Maintenance Fees in NYC Co-ops and Condos If you're looking to buy or sell a co-op or condo in New York City, one of the most important financial considerations is understanding maintenance fees (co-op) or common charges (condo). These fees are crucial in determining your overall monthly costs and can vary widely from building to building. The average monthly co-op Continue Reading
Welcome to Midtown East, a dynamic hub where global connections, cultural diversity, and modern conveniences blend seamlessly. Whether you're a longtime resident, a recent visitor, or someone considering making this vibrant neighborhood your home, Midtown East offers an array of experiences and opportunities that cater to every interest and lifestyle. Start Your Journey at the Continue Reading
Thank you, Brick Underground, for the opportunity to contribute along with my Coldwell Banker Warburg colleagues to Evelyn Battaglia article "A home inspection checklist if you are buying an NYC brownstone." Consider making the offer contingent on the home inspection—and get it done as soon as possible. Common concerns include the facade, foundation, structure, roof, plumbing, Continue Reading
Manhattan Market supply is underwhelming, and we should begin to see a seasonal trend downward as we move into the holidays. Supply has risen slightly for the week of October 21st and stands at 7,748. Pending Sales are down almost 2%; 2,714. Market Pulse The market pulse measuring the ratio of supply and demand seems to be evidencing the beginning of the Continue Reading
Manhattan Market report's for the week ending October 14th evidence supply at 7,684, up 2%, and Contract Signed, 2,761, own 2% from the previous week. The shifting season evidenced by the weather and rates, has also impacted our markets. Each area and building in the City is an individual "market segment" with its own supply/demand dynamics. Overall in Manhattan, the supply/demand market pulse Continue Reading
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this Continue Reading
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars, which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is Continue Reading
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The mortgage rate drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year Continue Reading
Discover some home buyer negotiating strategies for the next real estate transaction such as closing date, CEMA, and closing costs including mortgage points, appliances, upgrades, and other perks. Negotiation Strategies for Home Buyers Reporter Terri Williams of BobVila.com discusses home buyer negotiating strategies in her article “Did You Know You Could Negotiate This When Continue Reading
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