The NYDN has an article about the impuslivenesss of some buyers who are snatching up the first property that they see. I don’t see this as a problem provided a few factors are in place: Continue reading Should you buy the first NYC apartment that you see?
There’s many ways to find property that is on the market or will be on the market. For example, streeteasy allows you to save buildings and save searches so that when an apartment comes to the market you can pounce on it. You also have your broker who watches out for property on the market for you in case you are too busy. However, in the event that you don’t want to compete with 20 people at a crowded open house, then there’s off market deals or “whisper listings“. Continue reading How to find a NYC apartment before it goes on the market
Brick Underground has an interesting article about paring down your wish list for your NYC apartment as a way to get the price to a more affordable level. Some of their tips include:
The NY Daily News published 5 tips for finding a NYC apartment and their tips are quite useful for the first time buyer or a purchaser who hasn’t been in the market for a while. Continue reading 5 tips to finding that NYC apartment
6 tips to help decide to buy a NYC apartment or not
Keep in mind that these tips are just a guide. Obviously, in this market where the inventory is very low, some of these factors will become marginalized. But when making a large purchase like a Manhattan apartment, entering into it with your eyes wide open can only yield better results. I chose not to include obvious factors like views, condition of the apartment and overall affordability. These will be addressed in another series. Continue reading Should you buy that NYC apartment?