Job cut jitters spur NYC buyers to ask for employment contingencies

… Spooked by layoffs in the tech industry New York City buyers are asking for exit clauses to be added to contracts … escape plan is making a comeback and could also appeal to buyers concerned by recent bank failures as per a recent report in the Wall Street Journal But buyers need to tread carefully Any contingency makes a real …

By Jennifer White Karp |March 21, 2023 - 9:30AM
When is the best time of year to buy or sell a NYC apartment?

… interest There are other small windows during the year that may work to your advantageif you have the flexibility to act … and September is the most competitive month Sellers who may have missed the spring market will be in a rush to sell … preparing for and celebrating the holidays As a seller you may want to enjoy your holiday décor or want to have guests …

By Jennifer White Karp |February 14, 2023 - 3:30PM
What is a 1031 exchange and how does it work?

… gains and therefore tax even further  In this scenario youd buy a replacement property with the intention of holding it … likekind properties So the investment property you are buying needs to be exchanged for a similar kind of property … real estate for other real estate You can sell a condo and buy a coop sell a warehouse and buy a house Hafif says  Its …

By Emily Myers |February 6, 2023 - 9:30AM
Brooklyn’s median price slips but sellers are doing better than in Manhattan

… Miller says adding that the Brooklyn and Queens real estate markets experienced demand similar to what the suburbs saw … of falling inventory There has been a lack of available homes in the borough for five consecutive quarters with … as follows 42 percent condos 55 percent onethree family homes and 3 percent coops While townhouses in Brooklyn …

By Jennifer White Karp |January 12, 2023 - 12:00PM
How NYC buyers can take advantage of the summer sales slowdown

… steep discounts are not likely to go through While buyers may be able to find deals on coops however coop boards … date or Does the seller have any time constraints Sellers may also need to stay in a property postclosing known as a … on properties that were listed from early March to early May that had price cuts in midtolate May Whats the big deal …

By Jennifer White Karp |June 30, 2022 - 4:30PM