So now that I was voted the Inman’s Agent Reboot “Peoples Choice Award” for best Blogger of 2011……I am sure you are asking yourself, what blogs does Paul aka @Hungrydomaine read?
Here are a few up my favorites:
Broker Talk New York: Understanding Dual Agency
A New Year, a New Law
Effective January 1, 2011, an amendment to Section 443 of the New York State Real Property Law will significantly change the way brokers selling co-ops and condos in New York disclose their agency relationships with their clients. Although the law of agency, which governs the relationship between brokers and their principals has not changed, there is now an obligation to disclose the agency relationship in writing and to obtain written consent of both seller and buyer when dual agency exists. Since co-ops and condos were previously excluded from written disclosure requirements, many brokers are dealing with these concepts for the first time.
http://malcolmcarter.wordpress.com/
Here’s your chance to buy a cheap 2-BR UWS co-op
January 20, 2011 by Malcolm Carter
“Chance” is the operative word in the headline.
That’s because the city’s has announced the establishment of a new lottery for the purchase of Mitchell-Lama co-ops in Manhattan for a virtual song.
According to an ad in the Times, “waiting lists are being opened” for Upper West Side apartments ranging in size from studio to two-bedroom. As is the practice of the Department of Housing Preservation and Development, however, there is no clue either in the ad or on the department’s Web site just which buildings will be available.
http://www.brickunderground.com/blog
I have so much respect for Teri Rogers- the face behind Brick U!
Buying a new condo? Here’s the checklist you’ve been looking for
Nothing says caveat emptor like new construction, which is why a good real estate lawyer can make the difference between happily-ever-after and a short sale two years later. Real estate attorney Felix Nihamin not only wants you to know what you’re getting into—he wants to make sure you don’t leave any money on the table along the way, like the client who didn't realize he could ask the developer to fork over $30,000 in closing costs.
Read on for a primer on what to know if you're buying new.
Noah Rosenblatt is an impressive dude- it is all about the #’s with Noah!
A: Looking for a "January Effect" in terms of pace of new active listings to the Manhattan housing markets. Now, keep in mind that this would include all listings that are changed to an ACTIVE state from a prior off-market, contract signed state or closed state. DID YOU KNOW?: The past 3 January's saw an average of 1,926 new listings hit the Manhattan markets! THIS YEAR?: As of now, the 30-Day pace of new listings coming ACTIVE to the market is 1297. There simply are not as many new listings coming to market as there has been in the past few January's... If you don't see as many new options as you hoped so far this year, now you know why. So far 2011 is starting out in a holding pattern; it's just too soon to tell how many deals are 'cooking' out there. Remember that it takes a good 2-3 weeks to go from initial negotiation to accepted offer to due diligence process to fully executed contract of sale. For what its worth I already encountered about a dozen of listings with "contracts out" while trying to setup buyer appointments the past week or so; anecdotal yes, but still something that comes in waves for my business.
The apple peeled? Who is behind this? People that care about information that will help you navigate the crazy real estate world!
Top 7 Lessons Learned for Renters in 2010
by RED DELICIOUS on JANUARY 11, 2011
It’s no longer a renter’s market: With so many stories from
friends and co-workers of the phenomenal deals grabbed in the previous year, it came as quite a blow for many tenants looking to make a switch in 2010. Landlords negotiated less and concessions diminished.
Inventory talks: Inventory was quite slim throughout the year, despite talks of shadow condo inventory filling up rental demand. Good apartments flew off the shelves within a week of hitting the market, with time-sensitive renters feeling the pressure of having to quickly find other options and foregoing their dreams of negotiating to the bone.
http://matrix.millersamuel.com/
Duh~ he is the Derek Jeter of analysis in the NYC real estate world!
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