Anything priced well and in a coveted location will sell fast in Manhattan

A few years ago listings sold, sure, but there was room for negotiation, and pricing somewhat at a pace reflecting the mood of the economy. This year, if an apartment looks priced under market value, be aware, as this can be basically is a tool to create a bidding war. Cash is king in accepted offers. Should that be fair? As a buyers agent, no, that does not seem fair. I always advise my clients/customers to be aware of the rates psf in the given location, this way they refrain from using emotional logic and overpay. If another prospective purchaser wants to do that – then let them pay, you move on to a fair deal. There is no such thing as a “deal” really – particularly in coveted locations and prestigious buildings. What there is, however, is a “fair deal.” It is important to buy an apartment that has future resale value. Don’t take for granted things like view, light, floor level, how big the bedroom is. Just a thought.
Manhattan is expensive; be prepared to spend. Just don’t empty out your accounts – unless your accounts are bottomless and you really just don’t care.

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The Lower East Side Area and New Development Bid

The Lower East Side continues to move forward in development. Within the next ten years, the area adjacent to the Williamsburg Bride – South, North and East will continue at a similar pace as the land lease on the West 30s of the Hudson. While new apartment buildings will be a mixture of affordable and market rate residencies, the air-rights of existing older walk-ups will be bought and built. One example is the corner retail space of Delancey and Clinton in the Lower East Side. Similarly so, the Seward Park area, will see an influx of new retailers, with concessions to match the residential additions.
Here is the link to the open bid to work on this amazing trajectory …

http://www.nycedc.com/project/seward-park-mixed-use-development-project”>here is the link to the bid

Brokerage Menu – Choices for Sellers and Renters in Manhattan

I realize that the real estate landscape will continue to change, because of tech innovation, communication, mediums, and choices that people currently have. Most buyers and renters, start their process, with an online-search, and there are a variety of sources, that allows him or her to search for their apartment of their dreams. Part of our philosophy, includes being able to be open to new ways to service our prospective consumers. Manhattan Life Real Estate, is able to provide that prospective renter, seller, or buyer, choices. If you are a seller, and want to just utilize part of our services, that we, as licensed real estate brokers, can provide, then, he or she can pay a monthly fee, a consultation fee, or a percentage of a broker’s fee at closing, that will be contextually relevant to that deal. We do not believe in “general” rules, as they apply, we believe in being able to respond to the budgets, and needs of each person in a real estate transaction. We are looking forward to being part of an innovative solution to the high brokerage prices, being able to respond to the change in the landscape. Feel free to inquire about our real estate menu.