If Johnny Depp or Angelina Jolie change careers and walk into your home to pitch their skills at selling real estate, sign ’em up immediately.
It turns out that looks matter.
Even after controlling for the quality of the house, research published in Applied Financial Economics finds that the personal characteristics of real estate agents affect house prices but don’t shorten the length of time a property is on the market. Continue reading →
Something there is that doesn’t love a wall, that wants it down.
There probably isn’t a single apartment or townhouse without its drawbacks.
In the case of a beguiling co-op in the high 80s between Columbus and Amsterdam avenues, the biggest — and perhaps only — drawback is the walls just outside the kitchen’s and one of the bathroom’s windows.
The designer who has put the place on the market for $699,000 with monthly maintenance of $1,147 has lovingly stripped and burnished the woodwork, selected warm and complementary paint colors, and had new hardwood flooring installed. To my mind, his taste is beyond reproach.
Numerous condo and co-op buildings restrict the amount, place or even the contents of notices and other paper that residents want their neighbors to see.
The arguments in favor of the restriction range from preserving dignity and removing clutter to avoiding political disputes.
For years, community association leaders and lawyers were in agreement that since condos are not governments, the First Amendment did not protect condo owners from speaking freely, lawyer and columnist Benny Kass observes in the Washington Post. But a recent court ruling suggests the possibility that courts in some states may rule on the side of building residents, rather than their boards.
Although legislation has been drafted to extended tax abatements for apartment owners, there are changes that residents may not have been expecting.
It has been widely reported that the legislature is expected to go into special session later this year to vote on the co-op/condo abatement, the J-51 program and a technical amendment for 421a tax benefits, which are aimed at encouraging new residential development in high-density districts in Midtown as well as in downtown Manhattan.
But only when I received an e-mail from the Real Estate Board of New York (REBNY) did I notice details that affect many residents of the Big Apple. Continue reading →