Cheryl’s News & Views: What I’m Seeing Lately
A look at what's shifting in the Manhattan real estate market this spring — from selective buyers and pricing strategy to the role of AI in real estate, plus recent closings and...
A look at what's shifting in the Manhattan real estate market this spring — from selective buyers and pricing strategy to the role of AI in real estate, plus recent closings and...
Season’s Greetings & Grateful Reflections — Looking Ahead to 2026
Delivering Results That Matter - A Thrilled Seller! Real estate isn't just about properties for me - it's about helping families find their perfect home and build their future. That's…
ANTICIPATED CLOSING COSTS For Co-op Purchases: Mansion Tax: 1% of purchase price for properties over $1 million, progressive rates up to 3.9% for properties over $25 million Attorney fees: $2,500-$5,000…
Price StrategicallyOverpricing leads to extended market time and eventual price reductions. Consider pricing slightly below key search thresholds to appear in more buyer searches. Timing MattersSpring (April-June) and fall (September-October)…
SELLER'S GUIDE: MAXIMIZING YOUR MANHATTAN COOP OR CONDO SALE PREPARING TO SELL Timeline Planning Begin preparations 3-6 months before listing your property to maximize value and minimize time on market.…
Cooperatives (Co-ops) Co-ops represent approximately 70% of Manhattan's available housing inventory. When purchasing a co-op, you're not buying real property but rather shares in a corporation that owns the building.…
For Co-op Sales: Broker commission: Typically 5-6% of sale price Attorney fees: $2,500-$5,000 NYC transfer tax: 1% of price over $500,000 NYS transfer tax: 0.4% of sale price Flip tax:…
1. Prepare Financially Determine your budget and secure mortgage pre-approval Prepare for substantial closing costs (1-4% of purchase price) For co-ops: Prepare to show substantial liquid assets beyond down payment…
The Coop Conundrum: When Board Approvals Become a Rollercoaster RideNew York City's real estate market is unique, and cooperative housing represents one of its most fascinating and distinctive features. As…