Joining us today in EP30 of Guidance by Glazer is my very special guest,
Andrew Luftig, from Chaves Perlowitz Luftig LLP law firm, one of our preferred real estate closing attorneys. Today, we're discussing 1031 exchanges, a tax-deferred strategy many investors use when buying and selling in NYC.
Joining us today in EP30 of Guidance by Glazer is my very special guest,
Today we're providing you with a market report for what you can expect in Q3, 2018. We're getting a bit more technical this time and will be covering some key market snapshots to give you a sense of what's happening in your market place right here in NYC.Read More
Selling an off-market home is to real estate as a hole in one is to an amateur golfer: you hear a lot of stories about it happening with others, you want it to happen so badly for yourself, but it seldom does.Read More
Last week on my video series Guidance by Glazer which you can check out on our team’s Facebook page, I talked about the ways in which you can detect it’s a buyer’s market. Given that we are seeing a clear cut shift in consumer command (i.e who controls the market), I thought it relevant to share those tips this week.
Last month I was able to share a few tips on how to get the best possible price and terms as a buyer since we are widely considered to be in a buyer’s market. While this is true there are definitely sellers achieving new price records for their homes, and their buildings.
You’ve heard the news, it’s becoming more of a buyer’s market so why not try to get the best possible price for your new home? I don’t blame you! Let me impart some practical tips we implement to negotiate the best terms for our clients.Read More
Who am I kidding, I’m stubborn as a mule. Well, it’s the start of 2017 and what better time to change things up a bit than with a fresh calendar.Read More
I think it’s safe to say that not many of us here in the (mostly) blue state of New York were expecting Donald Trump to get elected president. Political opinions aside, it’s the new reality, and with such uncertainty and surprise, there are surely to be ramifications top to bottom on the political, economic, social, and ecological stages. Having said this, we are here in New York City, and we are homeowners, so let me get down to brass tacks on how I think his election will affect our housing market.Read More
It’s not new to say that the market has shifted: prices are softening across the board and even ultra-hot markets like Clinton Hill, Brooklyn are starting to slow down. Inventory has ticked up and buyer demand has cooled. What does this mean? Well for one, what it doesn’t mean is that the real estate market is dead or doomed or anything so absolute. It means that everyone will have to be a little more strategic, a little more thoughtful about buying and selling, and work a little bit harder.Read More
Yesterday, October 3rd, marked a homecoming for me. As a native New Yorker and a native to 12th street in Greenwich Village, I consider downtown Manhattan my hub. I, like so many of us, am a creature of comfort and despite living in a “big” city, feel right at home in the Village. Not to mention my office is on 14th street and 5th avenue. So after around two and a half years in Brooklyn, my girlfriend and I moved back to Greenwich Village yesterday.Read More
I believe we are living in the ME age – everything is centered around being in the spotlight, being the center of attention. We have presidential candidates who do everything they can to grab the next headline, and reality tv shows that attempt to glorify the mundane – bringing attention to housewives, love seekers, and real estate agents alike. Yes, let's not forget shows like Million Dollar Listing, which has brought so much attention to the life of an agent often times making it seem larger than life.Read More
No, I am not talking about myself.
Although, if you knew me you might say the same thing! Rather, I am talking about the state of the real estate sales market - It’s a strange world out there. One of the proverbial godfathers of my business, Bob Knakal, said of the market earlier this week, “I am confused. I hope we have more clarity by the end of the year, because I’m no more certain where we’re going than I was at the beginning of the year.” While market conditions can never be boiled down to an exact explanation, here are a few thoughts on why it’s so confusing out there!Read More
If there’s one constant that I’ve observed over the years in upward and downward shifting markets, it’s that there’s a disconnect between listing prices and actual market conditions. In an “up” market, sellers and brokers pay too close attention to the comps, eventually pushing prices up caused by bidding wars. In a down market, sellers and brokers still pay too much attention to comps, relying on data of months and years past, which doesn’t accurately reflect what’s happening today.Read More
Owning a home in New York City is a privilege; I’m both a cooperative shareholder and a sitting board member. At times this can be tedious and challenging - I’ll be the first to admit that. But as a broker, I’ve learned that a well-run board can often equate to a direct influence on apartment value.Read More
It’s official: the market has changed. We are consistently seeing prices drop across the board, and the real estate market is no longer “frothy.” Don’t get me wrong - a well-priced apartment in a limited inventory market is still moving, and those open houses are busy. But far and wide, the market has slowed, and as a result both buyers and sellers will need to adjust their strategy.It’s official: the market has changed. We are consistently seeing prices drop across the board, and the real estate market is no longer “frothy.” Don’t get me wrong - a well-priced apartment in a limited inventory market is still moving, and those open houses are busy. But far and wide, the market has slowed, and as a result both buyers and sellers will need to adjust their strategy.Read More
From 2011 through 2015, it was smooth sailing for real estate brokers.
Well... at least on the listing side. The market was very strong: prices continued to appreciate, inventory remained low, and as a result, sellers (and their brokers) had it made. But during this frenzied buying period, the preparation a broker must give to a listing in order to optimize the sale when it goes to market (or rather, the broker's attention to detail, if you will) was lost in the heat of the buyer's market. What does this mean, exactly?
We sat down with one of the top five national home mortgage lenders at a large institutionalized bank to get the honest scoop on the home mortgage environment in NYC. Because some of the below includes information the bank doesn't want you to know, we’ve kept this person anonymous.Read More
Everyone ALWAYS wants to know - what’s happening in the market? The best response I can give is actually a question back: Well, what market are you in? Are you a buyer, a seller, a renter, or a landlord? There are always opportunities in every market, but the answer is different depending on what type of consumer you are.Read More
Hands down, the #1 Tip is to de-clutter the property.Read More
Despite some gloomy headlines, the New York real estate market hasn’t changed overnight. For buyers and sellers alike, a little long-term perspective will go a long way.Read More