How a Covid-19 vaccine could impact NYC’s real estate market

… for The news may help remove some uncertainty and empower buyers to be more decisive once the vaccine is approved he … turn will encourage people to move to or return to NYC to buy or rent an apartment But dont expect an immediate change … Realtorcom Still if youre looking for a deal whether its to buy or rent now is the time to do so the citys median rent …

By Austin Havens-Bowen |November 10, 2020 - 2:30PM
Saying yes to less: A quarter of Manhattan sellers took a loss on deals since June

… to the property Closing costs are 2 to 4 percent when you buy and 8 to 10 percent when you sellso if youre selling for … If you want to upgrade you can take advantage on the buy side Thats if you buy now In that scenario sellers who are looking to buy

By Jennifer White Karp |October 29, 2020 - 12:30PM
What does it mean when a listing is an exclusive?

… typically run from three to six months so if someone buys the apartment within that timeframe the broker has the … has already approached the owner and shown interest in buying the place or the seller knows someone in the same … names attached to a listing You may be reaching out to a buyers broker who is paying to advertise via …

By Emily Myers |October 13, 2020 - 9:30AM
What is a real estate referral fee?

… deal that an amount of money is changing hands known as a referral fee Its good to be aware of any potential impact … is moving from California and is referred by a California agent to a NYC sales broker that NYC broker now has to pay … A renter is moving from California and is referred to a NYC agent The NYC agent now owes 2030 percent of their …

By Jennifer White Karp |October 5, 2020 - 9:30AM
New survey finds a slim margin between asking prices and accepted initial offers for NYC apartments

… Hes the one who compiles the weekly Halstead Open House Index which surveys 2300 brokers across the industry Earlier this spring he began asking his newsletter recipients to track buyers perception of value by …

By Jennifer White Karp |August 18, 2020 - 9:30AM