hint: comping is hardThere’s a fascinating discussion thread going on over at StreetEasy, started by a potential buyer who said “I’m beyon[d] confused with pricing” and then asked that community for advice about bidding on a specific loft in Flatiron.…
Category: the process buying an apartme
bank error in your favor, collect $200 [$17,000] / the new Good Faith Estimate for mortgages
one happy surprise at closing (for buyer)Let’s go into the weeds a bit, into the minutia of mortgage lending, a trip occasioned by a note I received from a Manhattan mortgage broker about a client whose lender had to pay…
paralyzed by history? another buyer dilemma
information overload?I am working with a motivated, smart and analytic buyer who wants to know as much as possible about one particular Manhattan loft and its competitors before making a bid. This current experience points up an issue with smart…
not lofty enough in Manhattan, smiling at Manhattan from DUMBO
poignant search profiled in NY Times“Poignant” must be in the eyes of the beholder … as in whose buttons are being pushed. Today’s Joyce Cohen The Hunt feature in the NY Times pushed my buttons, very well. Starting a New…
a reader writes / how to keep on top of buying opportunities in a specific building
great questionI had an off-line email dialogue with a reader of this blog the other day, who really wants to be able to buy in one particular building, and who asked this question. I like the building,I saw a great…
recycling week / buyers running the emotional mine field with little external help
(I am still in France; you are still in Manhattan Loft Guy’s week of recycling.) I addressed the mental gymnastics that buyers can go through in the March 31 buyer’s tango for one: buy it, but without overpaying.…
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recycling week / my favorite post to date on Jagger, MICs and imperfect lofts
(I am still in France; you are still in Manhattan Loft Guy’s week of recycling.) One of these days I may edit my March 15 post Jagger’s Law of Imperfect Lofts / life is compromise (sigh) because it…
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identity theft, anyone? / what really happens to confidential purchase applications?
why are 6 copies of my tax returns in the trash at my new building? One of yesterday’s Real Estate Q + As In the NY Times (How Confidential Are Applications?) deals with one of those dirty little secrets…
NYT on Condo Rules
hysteria sells old grey newspapers? The NY Times piece yesterday about a trend in which some Manhattan condominium boards behave like coop boards (Condo Boards Tighten the Rules) is an unfortunate load of fluff on its most essential point.…
buyer
what’s The Market Price if you set the market? The dialogue with Larry this week in
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