April 2021 Manhattan Property Market Overview by Weimin Tan

Top Manhattan, New York property agent Weimin Tan provides an 8 minute overview of the Manhattan condo market. The presentation covers the summary for the Manhattan condo market for the first quarter of 2021 wherein 1) Q1 sales volume was up by 20.4% versus the prior quarter, and 2) we have a shortage of supply, listing inventory went down by 14%. Strong demand continues driven by low mortgage rates, pent up demand and optimism for Covid vaccines.

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Manhattan's Asian American property agent Wei Min Tan

Manhattan, New York's Asian property agent Wei Min Tan focuses on investors of Manhattan residential condos.  He is a market expert who has been interviewed more than 100 times by top media including CNBC, CNN, New York Times, Wall Street Journal.  Wei Min lives in Tribeca with his family and has been living in Manhattan since 1999.  Wei Min speaks English, Bahasa Malaysia, Cantonese Chinese, conversational Mandarin Chinese and Hokkien (the Southeast Asian version).  Click on the link, the first sentence, for his bio.

Selecting property agent in New York - 3 simple steps

After leaving the corporate world in 2006, I became a full time property investor in New York during which my partner and I viewed thousands of properties and interacted with a lot of property agents.  Back then, I seldom actually interviewed agents and would just look at properties with any agent as long as the listings they sent me looked OK.

Through experience, I learned that there is a process in selecting a property agents similar to the process of interviewing an employee or financial adviser.  Spending time to properly interview agents and selecting the best fit will save a lot of time, money and ensure a productive experience.

Most people view an agent as a mere salesperson who just needs to send some listings and open doors to properties.  Most don't give much credibility to agents because the thought is that anyone can become a property agent.  That's true in 90% of agent/client interactions.  That's also the reason why most clients don't have a good experience with their agent.

How to select New York property agent

Manhattan, New York property agent - investment from Weimin Tan on Vimeo.

How to Select a New York Property Agent

Until 2 years ago, I was an active property buyer in multiple cities.  A challenging issue was selecting the right property agent.  A referral helps dramatically but even so, there may not be a fit.