Relocation

Do you have any market information about the Upper West Side?

Q: Do you have any market information about the Upper West Side?  I need more space – am thinking about selling my one bedroom for a two. Read More.

My company is considering moving its activities to New York City. Is there a PPSF index for Soho?

Q: My company is considering moving its activities to New York City. Soho appears to be the best location—can you possibly provide a square foot/price index for that specific district in NYC? Thank you for your help inflatable human spheres. Read More.

3rd Quarter 2012 Market Report Snapshots

Below you’ll find brief summaries of our findings from this quarter’s market reports, which we produce four times a year in conjunction with Miller Samuel, Inc. While each market is unique, the major overarching trend that we saw as consistent across the board was high demand (due to record-low mortgage rates and continually increasing rental prices) and low inventory, or supply. In several of the markets, this produced something of a domino effect on the other indicators. For example, many of the markets showed faster monthly absorption rates (indicative of market pace) and increased days on market (indicative of the fact that because there was not enough new inventory to meet increased demand, older properties that had been sitting on the market for a longer period of time started to sell off). Follow the links below to read the full … Read More.

What is the purpose of maintenance fees and when are they applicable?

Q: What is the purpose of maintenance fees and when are they applicable? Co-ops, condos? Are there taxes over and above the maintenance fees? I am particularly looking at 1-bedroom apartments for sale in Manhattan so I am only interested in issues applicable to Manhattan apartment purchases. Thank you. Read More.

My boyfriend and I are moving to NYC and debating whether or not to hire a broker. Is this necessary, and how much can we expect to pay in fees?

Q: My boyfriend and I are relocating to NYC from LA and Toronto – finally, an end to our long distance relationship! We are learning about the NYC market and are thinking about employing the help of an expert broker. If we do this, how much can we expect to pay in broker fees? Also, is it much more difficult to find a place on our own? Thank you very much! Read More.

Is Elliman the biggest real estate company?

Q: Is Elliman the biggest real estate company? Read More.

I’m a California-based high school student, and want to move to New York to work at a real estate firm after I graduate. What should I do in the mean time?

Q: Hi. I am a sophomore at Galileo high school in San Francisco, California. I’ve decided to become a real estate broker and plan on attending college in California. But I would like to work in New York, so what are some ways or options I have once I finish school to move from San Francisco to New York and get a job at a real estate firm? Read More.

My partner and I are looking to move to New York City with our 3 dogs. What resources should we review prior to working with a broker?

Q: My partner, along with 3 dogs (2 small and 1 medium sized) and myself are likely to be relocating to NYC. We have visited but never lived in the city and have very cursory knowledge of the various neighborhoods. What resources do you suggest I review prior to working with an agent? I don’t want to waste the agent’s time and money, nor mine. Best Regards. Read More.

I’m from Vancouver, BC and I want to move to New York. How do I go about buying real estate in the U.S.?

Q: I am currently living in Vancouver BC, looking for a home in Manhattan. I am wondering if you have a guide to buying real estate in the U.S, as I am unfamiliar with the buying process there. Read More.

I want to use my current home as an income-producing property, but am having trouble getting a loan. Can you help?

Q: I own a three-family home in Holyoke, Massachusetts, and would like to use it as a rental/income property and purchase a home in a more rural area. Can you help me find a lender who doesn’t see in only black and white? I spoke with a lender who said that they would not consider the rents from all three apartments because it wasn’t on my taxes as such. I tried to explain that I am living in one apartment and my mother in another, so the two apartments weren’t rented out. I have all three apartments rented out–$700, $700, and $850 per month covers ALL the mortgage, taxes and insurance, and leaves me with $950 income at the end of the month. I am so frusterated and any help on such a lender or your professional suggestions would be … Read More.