Monday, June 30, 2014

New York residential property projects

We are seeing a wave of new residential property projects in Manhattan, New York with expected completion date between Spring 2015 and Spring 2016.

Buyers would typically put down 20 percent to book a unit and come up with the rest at time of closing.   If there is financing involved, the mortgage loan comes in at closing and the mortgage payments only start after closing date.

Friday, June 13, 2014

Quoted by CNN Money about escalation clauses in a property bidding war.

How to win a bidding war on a home

June 13, 2014: 7:50 AM ET

View article on, "How To Win a Bidding War."

bidding war

In many hot housing markets, bidding wars have been breaking out on a regular basis -- and some house hunters are getting beaten out time and again.

Monday, June 2, 2014

Manhattan Property Price Decline During Recession of 2009

One common questions asked by our investor clients about Manhattan property is the price decline during the past recession