Author, speaker and all-around expert on real estate, Dirk Zeller maintains that buyers invariably hold misconceptions about agents and the benefits of working them.
In the first of his two blog posts on the RealtyTimes site, he says that some buyers don’t think they need an agent. Although lots of information is now available on the Internet, says Zeller, that’s not the same as receiving interpretation, analysis, counsel and protection.
Second, the writer argues against the belief in the minds of some buyers that they don’t need Continue reading
Do you know whether your home smells?
Homeowners sometimes are unaware how offensive to others can be the pungency of Fluffy’s litter box.
In co-operatives, condominiums and rental buildings, the odors of cabbage or ethnic spices assaulting hallways and insinuating themselves through vents not only may irritate neighbors but also drive away prospective buyers as surely as Fluffy’s transgressions.
The mere sautéing of garlic, which is bound to linger in a cook’s apartment, easily penetrates public spaces and the disapproving nasal passages of anyone who traverses them. And never mind what some perceive as the stench of tobacco smoke, especially from pipes and cigars, as a powerful disincentive to making an offer.
As for marijuana, I imagine approval or disgust may vary considerably according to the individual. Continue reading
Few more words sound more ominous than “back on the market.”
They could mean that broker after broker couldn’t sell the property.
Or that a buyer withdrew after learning about nerve-wracking defects.
Or that the seller couldn’t stand the many months that the home was on the market with no taker and so elected to pause its marketing.
More charitable explanations also are possible.
Perhaps Continue reading
In a highly successful auction Wednesday of two Manhattan buildings that the state has declared surplus, taxpayers benefited with winning bids totaling $5.97 million.
An estimated 300 individuals jammed into the auction room on the eighth floor of the Adam Clayton Powell State Office Building on 125th Street to witness or participate in the sale. There were 107 registered bidders, according to one official.
“Our goal is to get property on the tax rolls,” said the official, James P. Sproat, director of Real Estate Planning & Development in the Office of General Services. “We’re satisfied that we’ve done the best for the taxpayers.”
Auctioneer Chuck Scheifer was less restrained: “I’m incredibly pleased and thrilled,” he allowed. “Fantastic.”
First on the block was Continue reading
If you are putting your home on the market, chances are it has been a while since you have been a buyer.
In that event, you may well benefit from being reminded of tips that buyers would give you if asked. We can thank Trulia columnist Tara-Nicholle Nelson for gathering insights from her long experience on the search side of residential real estate.
There are the hobbyist, bucking bronco, family man, armchair expert and, yes, hemorrhoid.
So says Doug Rogers, a real estate agent in Pineville, La., who characterizes each type of client as “toxic” in different ways.
Although I think he goes somewhat overboard to describe such clients, I also found his blog post to be mildly amusing, somewhat over-reaching and not a little discomfiting.
In his view, the hobbyist is Continue reading
Indiana Jones comes to mind. Imagine the challenging and unsavory conditions he had weather on the way to the treasure he was hunting.
So it would be for buyers in search of a new home as they approach the building where an 800-sf apartment awaits them in the very low 100s of a Central Park West block.
When they spot the building, a pet-friendly 1900 low-rise with no elevators and no amenities beyond private storage, they undoubtedly will note Continue reading