VOWs prove useful to buyers searching for new homes
Brokerage firms are getting into the digital game themselves, creating a “virtual office Web site” or VOW.
These are sites operated by brokers that enable clients to search for most of the available properties in a particular market, not just the firm’s exclusive listings, according to the New York Times.
While brokers have mixed feelings about whether these sites are worth the investment, the emergence of the VOW is yet another sign that once tightly guarded listing information has finally been set free in New York.
Dollar value of citywide sales climbs from Q1 to Q2 as seasons change, but sales activity slips 4 percent below one year earlier
Once you rent out your apartment, you create a “landlord-tenant” relationship with your renter.
That relationship is governed by a set of very specific (and technical) laws enacted by New York State and New York City, notes blogger and real estate lawyer Ron Gitter, who is a friend of mine.
Those laws tend to favor your tenant, but the “Landlord-Tenant Part” of the Civil Court of New York City does offer a judicial forum, albeit not necessarily a speedy one, for resolving issues that can’t be settled by mutual agreement between the parties.
Condo owners need to consider an array of business related issues before they enter into a lease.
Firm’s analysis has New York City surging ahead of most others in many categories a decade and a half from now
Cities are regaining their previous glory, according to MicKinsey Global Insight, with New York poised to lead the pack. Continue reading