The following is the conclusion to Purchasing An Apartment In New York City, Part 2: Understanding Your Opponent posted on November 26th, 2014… In every deal, both the buyer and seller assume some risk. In a Buyers’ Market, the risk tends to be shouldered by the seller who must do anything and everything to attract […]
If you haven’t read Part 1 of Purchasing An Apartment In New York City, I recommend doing so. In Part 1, I addressed Preparation. Understanding the market, financial requirements to purchase (from both a down payment and debt-to-income perspective), as well as your strengths and weaknesses as a buyer are essential to “winning” an apartment […]
I recently had a good friend ask if it was OK to “pick my brain” about buying an apartment in NYC. He was concerned that he was wasting my time, and didn’t want to take too much of my morning. I told him, regardless of whether you purchase in two months or two years, reaching out […]
I am often asked by clients and friends, why should I use a broker to find an apartment? Early on, I developed my 30 second “elevator pitch” defending myself and my industry, and extolling the benefits of working with a broker. Not surprisingly, my pitch didn’t land. I quickly realized the question was loaded, and I […]
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