Sunday, July 5, 2015

Interviewed for "5 Secret Ways to Make Money on Your Home"

Summertime, and the living is easy. If only the same could be said about selling your New York home.
Whatever your reason for selling — perhaps you want to downsize, or maybe your family has grown or you have a change in your personal life — applying some expert advice can entice buyers and help you gain the biggest return.
GOBankingRates.com reached out to real estate experts for tips on how to succeed in the country’s largest market.

1.  Set a Welcoming Stage For Buyers
Simple changes can help set the scene for a sale, make a space appear especially welcoming and irresistible to potential buyers, said Wei Min Tan, a real estate associate broker and Manhattan condominium buyer’s broker at Rutenberg: The Smart Brokers, based in Manhattan. To accomplish this, he suggests removing clutter, minimizing furniture to make an area look more spacious and displaying fresh flowers.
Adding a welcoming, yet light scent can also energize potential buyers. Lemon is a good natural choice, he added. In fact, a study of essential oils by the National Center for Complementary and Integrative Health found that “lemon scent had a positive effect on mood regardless of expectancies or previous use of aromatherapy.”
Posting a home for sale on websites such as Zillow.com or Trulia.com is the easy part of selling. “The sale happens during the actual showing,” Tan said, adding that being friendly with the buyer also helps set this welcoming stage. “You want to connect with the buyer, figure out what motivates the buyer and talk about those things.”

3 Highlights Of The Manhattan, New York Property Market in Q2'2015


After a slower first quarter, one which saw prices level off, the second quarter saw a total 180◦, setting a historic, record high for the average sales price for Manhattan apartments, now at a whopping $1.87 million. While there are a number of different key themes from the past 90 days, the overarching one is, quite simply, the obvious lack of inventory on the market. Those subthemes, however, include:

  • # 1:  Stalled Inventory Growth – The consistent lack of inventory, despite last quarter’s slight uptick, is what produced these record-setting, headline-making prices this past quarter. The lack of inventory and strong demand makes it a total seller’s market and as long as that demand remains, whether it’s coming from foreign or domestic buyers, those prices will continue to remain high.

Tuesday, May 26, 2015

Profiled by Manhattan Residential as a "Buyer's Broker Extraordinaire"


Friday, May 1, 2015

Luxury one bedroom investment at The Harrison 205 W 76 St

Apartment 603 is an elegant, over-sized one bedroom on the 6th floor with quiet, north exposure in the Upper West Side's most desirable building, the Robert A.M Stern-designed, Harrison. 

Price:  $1.65m
Size 826 sf, common charge $994, tax $426
Rent:  $5,000
Annual rental return:  2.6%
Annual appreciation:  10%
Return on investment with 50% downpayment:  21%

Saturday, March 14, 2015

Bad Idea To Buy At Overseas Property Shows

Buyers of property in top markets like New York, London, Paris, Sydney come from all over the world.  As people get more financially savvy and outlook becomes more global, they no longer limit potential investment to within their home country.  



As such, developers are marketing their property abroad to potential foreign buyers.  One of the most common ways is through property shows held at foreign countries.  For the foreign buyer, here are 5 reasons why buying overseas property at these property shows is a bad idea.

Tuesday, February 24, 2015

Interview with El Financiero Bloomberg TV on foreign buyers investing in New York


Had the pleasure of speaking to Karla Palomo of Bloomberg for the Mexico/Latin America Bloomberg TV on foreigners investing in New York property.

Thursday, January 8, 2015

Why Billionaires Are Investing In New York Apartments


Two days ago, I created a chart showing the investment performance of New York apartments vs key stock indices.  Business Insider picked it up, had an article about it and called it, "One Chart Explains Why Billionaires Are Investing In New York Apartments."

Yes, you'll have to click on the link to read the chart and article.