had this lined up for June 23, but [something, something, something]This was a perfect post for this past Sunday, but with a succession of open house visits and some social business (actual social business, face-to-face fashion; not social media business)…
Tag: Fiduciary
a troubling line potential sellers hear from agents all the time
having nothing to do with pajamas (really)The Real Deal has a puff piece in the June issue that was featured on their web page last week, Doing deals in pajamas, that has a dog-bites-man ‘news’ quality about it that is…
Tagged with: Agency, Cobrokering, Commission, Conflict Of Interest, Disclosure, Fiduciary, Incentives, Rebny, Sales Fee, The Real Deal
do some seller incentives threaten the buyer
or, can disclosure cure at this level?Not to go full MalcolmBlogger High Road on ya, but I was flabbergasted by a marketing gambit that recently went out through the inter-firm data-base. I am sure it is a legal way to…
Tagged with: Agency, Cobrokering, Commission, Conflict Of Interest, Disclosure, Fiduciary, Incentives, Sales Fee
“price floors”: the staggering stupidity of some coop boards
a good topic for April foolsIt is not an especially fresh story, but some Manhattan residential real estate stories are timeless in a I can’t believe this comes up again kind of way. The New York Daily News ran a…
back story on celebrity Noho loft purchase at 10 Bleecker Street is about the sellers
numbers v. namesThe big story in this report in The Observer last week about the sale of the “2,500 sq ft” Manhattan loft #3A at 10 Bleecker Street (aka “#3F”) for the full-ask $3.25mm was the identity of the celebrity…
Tagged with: 2007, Agency, Babble, Bleecker, Disclosure, Fiduciary, Noho, Renovation, Serial Renovators, Village
NY Mag goes there: do coop boards reject prices as 'too low'?
real sources, with real storiesI am tempted to try to find that Soho loft that leads the short S.Jhoanna Robledo October 23 piece in New York Magazine that is making the rounds of the blogosphere and twitterverse (The Dealbreakers /…
bass ackwards at 150 Nassau Street?? as lofts are sold low + bought high, with an agency twist
(doesn’t work in my spell check, either)When I observed that the buyer of the Manhattan loft #9E at 150 Nassau Street on November 3 has a notice address of #9A at 150 Nassau Street I began to wonder. First I…
for rejected coop buyer: screwed? yes; recourse? not so much
Manhattan real estate is not a benevolent universeI referred a week ago (Jan 20, adventures in nephrology / about that kidney donation….) to a long phone conversation with a long-time Manhattan Loft Guy reader as something "for another post". Here’s…
(bad) quote of the day / lawyer stumbles in NYT real estate Q&A
was the nuance edited out?The Sunday Real Estate section of the New York Times regular feature by Jay Romano, Real Estate Q&A last week posed a complex question and provided an overly simple answer from a lawyer who represents the…
Tagged with: Agency, Confidentiality, Designated Agent, Disclosure, Dual Agent, Fiduciary, Loyalty, Ny Times, Romano
power of a coop board to reject a deal as “too low”??
protecting shareholders from market value???The Real Deal on-line June 16 flagged an interesting little item in a relatively obscure periodical that is mostly read (if at all) by Manhattan coop and condo boards, Habitat Magazine. With a tip of the…
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