Sellers don’t have to let open houses daunt them

Some houses — you know, b-i-g houses — rarely are open. (Tim Pearce took this flickr photo at Alcatraz.)

Thanks to TV reality shows, some sellers may well be daunted by new takes on open houses.

That needn’t be the case.

The first thing that sellers must keep in mind is that they must not be present at an open house.

Not only does their presence tend to intimidate buyers into keeping closet doors shut, it also tends to cause mouths to shut as well.  Buyers at open houses don’t get to think out loud with a seller in their orbit, notes San Francisco broker Tara-Nicholle Nelson in one of her characteristically good posts on Trulia’s site.

Other of her tips include the following: Continue reading

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Weekly Roundup: Broker titles, celebs on the move, growing supply, reverse mortgages, the American Dream, boarding houses, and more

Next week’s Weekly Roundup will be the last until Sept. 6

Offering plans afford glimpse into pluses, minuses of lavish lifestyle in luxe buildings

Buyers snapping up Manhattan apartments 38 percent faster than last year, with UWS tightest market

Brokers still wrestling with new state rules on titles

Prices of Williamsburg condos plummeted in spring

First-half volume of investment properties leaps 41.3 percent over same time last year

One Picasso forsaking his walls

Lord of the Rings actor drops $1.075 million for gingerbread Victorian in Texas

Former NBA player lists California home for $2.795 million

Onetime TV detective, also actor who originated role of Continue reading

Weekly Roundup: March of rents in May, skyscraper wars, all-cash offers, inventory, continued rate increases, £2 million trailer

Manhattan rents gain substantially over year ago, two reports show, but Brooklyn’s median drops

Another report details continued upward march of rents in Manhattan and Brooklyn

Columbia think tank cites need for small city of new housing to accommodate population growth by 2040

Mayor outlines $20 billion storm protection plan one day after FEMA releases new flood maps

Then Bloomberg proposes major change in building code to enforce additional safeguards

Skyscraper wars dominate new developments

O’, the heartbreak of broken relationships among leaseholding couples

Borrowers rarely can utilize VA loan program in NYC

Outdoor flea, food market begins in Long Island City

He aces sale of of beachfront Malibu home for Continue reading

Why aren’t real estate brokers like travel agents?

Brad Stone

You would think the Internet would have doomed the real estate industry by now.  Or, as it has done with the travel industry, at least wounded its denizens.

A long piece on the Bloomberg Businessweek site explores the phenomenon, which has defied most expectations.

Headlined “Why Redfin, Zillow and Trulia Haven’t Killed Off Real Estate Brokers,” the article by Brad Stone notes that the kind of electronic marketplace that has decimated classified ads and taken the swagger out of car dealers “hasn’t dented the fortunes of real estate brokers.”  He continues: Continue reading

Weekly Roundup: New development sales, eccentric buyers, agents’ frothy remarks, free mortgage tutorial, economics of price changes

With inventory tight and prices climbing, sales of new condos plunge

Yet developers, marketers designing ever more spectacular penthouses, townhouses in buildings old and new

Recent law change could make maintenance-free apartments less rare

Buyers do the darndest things

New Yorker magazine lets you click on subway stops to gauge wealth

Beachfront homeowners in Southampton building ramparts against storms

No, says New York magazine, it’s not a bubble again

Disgraced athlete latches onto quarter-acre Texas compound in gated community after dumping old Austin home

Artist makes mark in SoHo with purchase of Continue reading

Weekly Roundup: All signs point to strengthening market in NYC and U.S., owners of luxury homes gild lillies, lighthouse in Chesapeake Bay for sale

Number of Manhattan properties under contract soars, inventory plummets during 2012

Q4 Brooklyn prices post biggest year-over-year price gain since 2006, while Queens median climbs 14 percent

Bars, restaurants and grocery stores can hurt quality of life, resales for residents of apartment buildings

Foreclosures mushroom in Queens, grow somewhat in Staten Island and the Bronx, slide in Brooklyn and Manhattan

Astronaut resists aiming for moon in putting Los Angeles condo on the market

Former baseball star lists sprawling Beverly Hills estate for $25 million

Actors who split in 2011 finally selling their UES triplex, for $9.25 million

TV judge lists Midtown pied-à-terre for $9 million — yes, for a pied-à-terre!

Estate of acerbic intellectual sells Chelsea penthouse to seven-time Emmy winner

Filmmaker offers Greenwich Village co-op for sale but plans no move to North Dakota

At 4.2 million, home sales Continue reading

Weekly Roundup: Condo inventory, rents, pet scams, best markets for sellers or buyers, retirees’ downsizing, consumers’ outlook

Next Weekly Roundup Jan. 4

Tastes downtown changing from industrial lofts, glass boxes

More evidence that developers adding to supply of condos

There’s nothing like decisions on art to stir the pot of acrimony in condos, co-ops

Real estate licensees rebound to 27,000 in the city alone

Manhattan’s median rent edges up in November

When buildings bar a pet, lawyers say, residents suddenly claim disabilities

High living costs cause half of population to contemplate leaving Long Island

Southampton home owned by TV news personality and actress wife goes quickly to contract

Author achieves perfect sale of Manhattan condo

Pair finds buyer of Upper East Side one-bedroom apartment in amazing time

 

Strongest sellers’ markets in Continue reading