This holiday-weekend combined post is your chance to catch up with news included to inform, enlighten and perhaps even entertain you. You’ll find Out and About early next week and additional posts every day except President’s Day as usual.
COMMON DISPUTE ABOUT SQUARE FOOTAGE MAKES RARE COURT APPEARANCE
Four years ago, Rishi Bhandari and his fiancée put down a deposit on a condo in Downtown Brooklyn. The price was $795,000, for a two-bedroom two-bathroom apartment, reports the New York Times.
But just before they were to close, Continue reading
BONUS FEVER AND DISCOUNTS HAVE THE CITY’S HOUSING MARKET IN THEIR GRIP
Since the economy melted down, bonuses have been up, down and spinning all around. Anticipation has had brokerages and developers panting one minute and totally depressed the next.
While the bonuses have had brokers and developers abuzz, another obsession has been rippling through the real estate world over the last week: discounts.
THOSE SPIFFY NEW DEVELOPMENTS LOOK GREAT, BUT BUYERS NEED TO GIVE THEM MORE THAN A ONCE-OVER
Every freshly minted building has problems that can range from buckling floors to cooling systems that sound like a Fresh Direct truck parked outside your window to leaky roofs that can cost tens of thousands of dollars to repair, observes Brick Underground.
If you are in the market to buy and this is news to you or you and your neighbors are just starting to compare punch lists, you may want to get educated on the things that can go wrong in new or converted condominiums. Defects tend to fall into seven categories, Continue reading