Although home inspections are less common in New York City than elsewhere, they are essential in certain cases.
Sparing the expense of several hundred dollars, a buyer is particularly unwise to be pound foolish in the purchase of new apartment or single-family house, whether old or new. Inspections are especially useful for with respect to apartments in small buildings, on top floors and on ground floors.
An important question facing prospective purchasers is how to achieve the inspection with maximum protection and minimum chance to have sellers reject their offers.
Because the time between making an offer and signing a binding contract easily can last one or two weeks here in New York, one approach Continue reading
There are many advantages to buying a co-op in a small building, among them:
- Being well acquainted with your neighbors;
- Generally low maintenance fees;
- Scale that is desirable to many of its residents;
- Numerous opportunities to participate meaningfully as a volunteer in a diminutive community;
- Application procedures that may be less onerous than in larger buildings.
However, some buyers see the disadvantageous side of the coin: Continue reading
Some brokers faced with tight inventory have been reaching out to owners of properties that are not listed for sale in an effort to meet their buyers’ needs.
I admire their enterprise, but consider the implications for a seller who decides to entertain an unsolicited purchase offer.
First, they have to conclude whether they need professional assistance to evaluate the offer and the buyer. If they depend on the buyer’s representative, however, they have to confront the issue of divided loyalty in likely a dual agency arrangement.
Should such sellers decide to Continue reading
The co-op in questions boasts two staircases, one sleeping loft and a kitchen that calls to mind “demure.”
Between Columbus and Amsterdam avenues in the mid 80s, the supposedly 650-sf apartment occupies the former parlor and the ground floor beneath it in a 1915 townhouse with no amenities except a laundry room (which undoubtedly is close at hand.)
The striking characteristic of the place is how little its agreeable style manages to mask how cramped it is.
One fancifully winding staircase intrudes into the living room and makes for a scary climb to a loft that has a ceiling merely four feet high. Having both mountaineering and spelunking experience seems indicated.
A more traditional Continue reading
Among the numerous images that I have retained from my recent travels in Cambodia are two indelible ones.
Those impressions involve a family in the seacoast city of Sihanoukville on the one hand and, on the other, works of tourist art in sprawling markets as well as in hotel rooms and lobbies.
In a country of grinding poverty, there is no avoiding beggars, child laborers, individuals asleep where they work or on the street, shop after shop that literally is a hole in the wall, and one-room hovels that many must call home.
Thanks to Nicholas Kristof’s‘ superior work aimed at ameliorating and his writing on humanity’s deprivations around the world, child labor, sex-trafficking and child abuse cannot be far from one’s thoughts.
What remains engraved in my mind is Continue reading