The High Road: Real estate agent breaks law

(flickr photo by Taran Rambersad)

I somehow came across an unsigned ad on Craigslist begging for referrals:

I am a real estate agent.  I offer a referral fee to someone that is well connected and may know people looking to rent an apartment in the city.

Maintaining that “I honestly believe in collaboration as oppose [sic] to pure competition,” this agent says he’ll pay 15 percent for up to $2,690 in monthly rent and 20 percent for more expensive apartments.  The advertiser continues:

Payment will be done through Paypal.

After you contact me, I will email you the link to my personal and corpotate [sic] website and all my contact information.

We should also discuss details over the phone.

Well now, that’s what I call Continue reading

Weekly Roundup: Inventory shrinks, rates steady, renters outspend owners, landlords thrilled

Upper West Side zip code is second only to Las Vegas in federal tax liens–again

Scientifically suspect survey by biased group finds 74 percent of brokers expecting Q4 to be better than Q3

Schools snap up at land at a heady pace

Luxury rental building at Broadway and 77th Street to contain 181 units

Construction industry loses jobs in September as the real estate sector gains

You can make an appraiser’s life–and yours–easier by preparing for inspection

Auction set for condo in which Credit Suisse broker endured house arrest overlooking Madison Square Park

Did you miss purchasing one of the 10 Manhattan’s properties with lowest price per square foot?

Pricier Hamptons homes enjoy rebound in sales, in part thanks to foreign buyers

Biggest income inequality occurs in Morningside Heights-Hamilton Heights, lowest is in Bellerose-Rosedale in Queens

Scant respite seen for renters in latest report

Purchasing a new condo can have its drawbacks

It took a while, but Continue reading

Weekly Roundup: City’s sales sag, U.S. resales up

It’s oh so hard to snag a reasonably priced rental

Pending sales, inventory sag over last three months

Owners subletting illegally may want to note shoes of prospective tenant

Lawsuits mount against accused rabbi

If you’re searching for a bargain, look no more

When negotiating with a developer, be smart about asking for concessions

Now tenants can rent off floorplans in unfinished buildings

If you’re bedbugged, check a 11 ways to judge an exterminator

Obsessive Dorothy Parker enthusiast fights to save her childhood home from demolition

Interactive database lets renters and buyers track nearly all privately held subsidized housing

Developers do their thing on a stretch of Fifth Avenue dubbed ‘Upper Carnegie Hill’

His matches are long past, but Continue reading

Weekly Roundup: Market reports out, interest rates never lower, a music man moves and more!

Third quarter reports may imply continuing market stability

Former IRS agent says developers evade substantial taxes annually

Can’t we all just get along: How to be a good neighbor

Faced with white brick, buildings face mighty big expenses now

Six in Queens, including two brokers, accused of participating in $25 million mortgage fraud

Rat’s not the only island in the city, but the others — e.g. Manhattan — are not exactly for sale

Open House New York gives let’s you inside this weekend

Cool interactive map shows 3Q sales data by buildings’ price range

Foreclosure actions continue downward trend

City official, six developers charged with racketeering, bribery

Cow heads could be yours at Landmarks Preservation Commission auction

17 questions to ask before buying an apartment

He adds even more windows to his world

Music man Continue reading

Weekly Roundup: U.S. stats sadden economists, Big Apple market seems stable, so much more!

Sales of luxury apartments buoy Manhattan market, suggesting Q3 reports will document ‘remarkable stability’

Before suing your co-op, it pays to get the facts right

Rents edge up again this month

But at least now you can find no-fee apartments on a cool map

Or check out a cool statistical infographic on our ‘city of renters’

Unless you have $1,600 to spare, think twice about renting out your apartment for less than a month

Seven tips for finding a great general contractor merit a look

Downtown Manhattan loft market is up a bit over 2007, the strongest full year in Manhattan residential real estate history, says broker/blogger Sandy Mattingly

In fraught market, buyers are still buying. . . with frayed nerves

The verdict is in: Only the most innocent buyers would fail to hire a lawyer for their purchase of property

Long Island mansion finally sells after high-profile owner hacks price

If he really collects 50% more than he paid in 2009 for his newly listed condo, this guy will be the stuff of legends

Still out of England, comedian Continue reading

Weekly Roundup: New tool rates rental buildings, economists agree that U.S. outlook is dimming

Manhattan condo projects shrink dramatically in size

And this year’s crop of available units is sparse

Analysts, brokers conclude in New York magazine that the market could be worse

New Web site ranks buildings for would-be tenants

Doorman of the year mothers residents of Park West Village

Actress ‘on fire’ moves into rental to attend college

This stone is rolling fast and gathering green

Onetime TV doc unloads Hawaii home after major surgery on his original $19 million asking price (3rd item)

Construction of single-family homes still tepid, but number of permits issued edges up

Oh, there’s one housing market for Continue reading

Weekly Roundup: Some markets declined too far

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.

She’s once again curbing enthusiasm for her Upper West Side apartment

In one broad stroke, he’s unloaded his chichi co-op at a huge discount

Big ideas pay off handsomely for one smart fella

Underpriced, his house under contract in the Hamptons gives him reason to cheer

Quarterback collects $17.5 million for condo that cost him $14 million five years ago

Mortgage insurer says home prices are below fundamental values Continue reading

The Big Apple: Apartments are not moving swiftly

ALTHOUGH COMPLAINTS ARE UP 7 PERCENT, THEY’RE NOT MAKING A DENT IN BEDBUG INFESTATIONS

Statistics from the city’s Department of Housing Preservation and Development show that residential bedbug complaints in New York City climbed 7 percent during 2010, the Wall Street Journal is quoted as reporting in the Real Deal.

In 2010, there were 4,846 violations and 13,472 complaints, up from 4,811 and 12,594 in 2009. According to Louis Sorkin, an entomologist with the American Museum of Natural History, there are many more infestations than complaints.

“Tons of people that have infestations don’t say anything and, if they are in apartments, the people next door are the ones with a complaint finally,” he told the Journal. “They may not file a complaint, but they may go through the proper channels and tell the landlord or co-op board or condo owner.”

EXPERIENCE IS HARSH TEACHER FOR BUYERS IN A NEW DEVELOPMENT

“I would advise other people shopping for new condos to watch out for really low prices,” Continue reading

Weekly Roundup: Some predictions now more hopeful

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.

SHE AND MUSICIAN HUSBAND BUY $9.6 MILLION APARTMENT IN LE GARAGE BLEU

MARKET FOR VACATION HOMES IS ON THE RISE

PRICES DIP 1.6 PERCENT IN NOVEMBER

APPETITE FOR RENTALS SEEMS TO BE GROWING

FED SAYS HIGH LEVELS OF EXISTING-HOME SUPPLY CONTINUE TO DAMPEN NEW-HOME CONSTRUCTION

RATES SLIP FOR Continue reading

The Big Apple: Whither our housing market. More!

MAYBE YOU CAN SEE NEW JERSEY FROM A CONDO FACING AUCTION AND MAYBE EVEN RUSSIA

If you head to Edgewater, N.J. Nov. 17, you can start the bidding with $50,000 on a one-bedroom condo in Battery Park City.

Unit 333 at 21 South End Ave. is the only real estate in New York City among numerous other properties in New York State, New Jersey and Pennsylvania to be auctioned by the Williams & Williams company.

The Regatta

Seventeen units in the Regatta are now on the market, including one with a signed contract, at prices ranging from $385,000 for another third-floor unit described as a junior one-bedroom to $2.7 million for a two-bedroom apartment on the sixth floor.

WHITHER THE HOUSING MARKET? IT DEPENDS, SAY VARIOUS PROGNOSTICATORS

When it comes to the housing market, predictions are perilous business, notes the New York Times. A market that looked as if it was verging on a renaissance Continue reading