Staging can help sellers in an unexpected way

$5.65 million penthouse staged by Jill Vegas.

Rare is the prospective buyer who isn’t tuned into staging.

Approximately 25 percent of homes for sale are staged, up from fewer than 5 percent in 2007, according to Barb Schwarz, CEO of StagedHomes.com in a SmartMoney post related to open houses

She puts the average cost at $1,800 for a professionally staged property in the U.S.  In New York City, you can be sure that barely pays for painting a living room alone.

Although staging can make a buyer suspicious that something is wrong, something perhaps concealed, respected staging consultant Jill Vegas maintains that Continue reading

Weekly Roundup: Inventory stress, historic low rates, family matters, new kitchen trend. More!

State gives into developers’ concerns about requiring offering plans to be digitized

There is nothing like a closing

Long Island City is starting to turn the corner

Renters indirectly stuck with lion’s share of property taxes

Industry casts skeptical eye on real estate brokers serving on their building’s board

Real Deal tackles rent vs. buy by Manhattan neighborhoods

New kind of report slices and dices rents by neighborhood and building type

Although half of 2007′s peak, residential construction mushrooms

Inventory shortage is causing unseasonable stress

Some of the priciest apartments Continue reading

Where would all of us be without Whole Foods?

The Whole Foods in Columbus Square on the Upper West Side.

When I lived in Washington, D.C. for a while, a Whole Foods store opened a couple of blocks from my house.

I was so excited given — how to put this diplomatically? — the differences between food shopping in D.C. and New York City, I toured the store twice on its first day.

It turns out that I shouldn’t have been thrilled only about the produce, meat, fish and a variety of other items.  What mattered even more was the impact that Whole Foods had on property values in the surrounding area.

On P Street NW near Logan and Dupont circles, that Whole Foods Continue reading

Weekly Roundup: Rates near bottom, wealthy foreigners buoy market, steam showers are hot

We top another list, not that there’s anything good about that

A plague of boarded-up buildings visits East Harlem, which brims with new condos as well

How do co-op, condo monthly costs compare?

There are 14 ways for a co-op board to reject you even before an interview

With your truly horrible story about renting, Curbed could pay your rent for a month

Global buyers of super-luxury residences show us the money

Among the 10 most expensive distressed properties in the Hamptons is one listed at $9.45 million

Manhattan jury convicts 70-year-old lawyer of bank fraud, money laundering in scheme involving Westchester real estate

In housing court, Faye’s a no-say and must pay with no delay

October’s 2.8 percent decrease marks 13th straight month of lower prices from year to year

They’re buying high and selling much higher in Beverly Hills

First-timers seem undeterred by housing market’s vagaries, lenders’ strictures

Single mothers 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: Best and worst cities are listed

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 another of today’s three posts.

AN EMMY WINNER LISTS HER HOME IN SOUTHBURY, CONN.

BILLIONAIRE OWNER OF A WEEKLY PET-SUPPLIES COMPANIES SPENDS MORE THAN CHICKEN FEED FOR A SOHO PENTHOUSE

CONGRESSWOMAN’S HOUSE, TWICE IN DEFAULT, NOW IS LISTED AS A SHORT SALE

ACTRESS PICKS UP A PRETTY FINE PENTHOUSE

BROKER DISPELS RUMORS THAT BUYER OF TRUSTED MAN’S SUMMER HOME LOOKS LIKE LADY GAGA


FED OFFICIAL SAYS IMPEDIMENTS TO HOME SALES Continue reading

When you work with a broker, caveat emptor

I’m never thrilled to expose the imperfections of other real estate brokers, but I do believe it is my duty to write about breaches of ethics and immoral or even illegal practices.  Not only do I express my concerns with regularity in this blog, but you’ll find additional accounts in my latest biweekly newsletter.

So it is that I am happy to recommend a short piece by SmartMoney titled “10 Things Your Real Estate Broker Won’t Tell You.”  It is well worth reading.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
http://www.ServiceYouCanTrust.com