Showing posts with label home. Show all posts
Showing posts with label home. Show all posts

Dec 5, 2014

Seller Tips | How to get the Highest Price

  • Clean it up – Buyers respond to open, bright, and uncluttered. You may love your d├ęcor but unless it is up to date, well lit, bright and tchotchke-free, buyers probably won’t.
  • Price it right - Every seller in the world believes his or her property is worth more than the competition, simply because it belongs to them. It’s normal and inevitable. But it’s not true! Listen to your broker on this one. The best time to sell your property is during the first three weeks it is on the market. Why? Because during that period, you get the benefit of pent up demand. The current market offers few choices in most price brackets due to low inventory. So these days, when something new comes to market, it receives a lot of attention from the buyers who are poised to buy when the right thing comes along.
  • Don't second guess yourself – The attention your property gets when it hits the market does NOT mean you under priced it. So if you’re lucky enough to get three offers during the first week, don’t remove the property from the market and increase the price! If your home is that popular, competitive bidding will find its best price, often above your asking price.
  •  Don't make a deal during first 48 hours – A bid on the first day usually means others are coming. Often your first bid is the best one, but not always. If you expect multiple bids, work out a plan with your broker and stick to it. I usually advise going to “highest and best” offers after ten days or two weeks. That usually provides adequate time for everyone who is interested to see the property.
  •  Listen to feedback – If the property does NOT receive any offers during the first three weeks, it is almost certainly overpriced. The sooner you and your agent correct that pricing problem, the more likely you are to sell the property promptly and well Sellers often say they don’t want to reduce their price, urging their broker instead to encourage prospects to make offers. But buyers don’t work that way. Unless they perceive your property as appropriately priced, they don’t want to make an offer. That is just the way it is.
  • Be patient – If it doesn't sell during the first few weeks, your property may be on the market for a while. But it WILL sell! You may have to make a price adjustment. You may have to re-stage it. Buyer interest often follows a particular trajectory: during the first few weeks, pent up demand provides a steady stream of lookers. That tends to dissipate by the end of week three. If the property has not sold, there is then usually a slow period- it can last for weeks or months. This tends to be followed by a catalytic event: usually a price reduction. And THIS, in turn, generates additional interest. So it is not uncommon for a property which has been on the market for four or five months to have a second spike of activity, frequently resulting in two or three offers the same week after a long period with no offers at all. By this time the market will have given you a clear sense of the right price. Now it’s time to make the deal.

Mar 7, 2014

Barbara Corcoran's Park Avenue Home


Barbara Corcoran's home buying advice:

"Buy with your heart, not your head. You can look at all the aspects that make a purchase practical, but that kind of thinking makes it an investment rather than a home." 

Oct 2, 2011

Living Green at Home in Manhattan

Living Green at Home in Manhattatan
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Do you incorporate “green living” into your home?  
54% Yes ( Corcoran’s Consumer Report 2011)

 Consider these suggestions to make your home a more eco-friendly environment.

  • Take off your shoes when you get home! Did you know that 80% of indoor air pollutants are tracked in off the streets?
  • When painting, only use low or zero voc (volatile organic compound) paints. If you can smell it, it is toxic.
  • Only use cleaning products made from safe, natural and non-toxic ingredients.
  • Buy local, seasonal and organic. Visit to locate your nearest farmers market.
  • Swap out incandescent bulbs for warm tone CFL’s (try the 2700k or an LED alternative).
  • Refinish wood floors with low-voc urethane or water based floor finish.
  • Use low–voc caulk, sealant, and grout in bathrooms & kitchens.
  • If replacing floors, use cork, marmoleum, bamboo, FSC certified or reclaimed wood.
  • If replacing carpets, use natural, sustainable, recycled and/or long lasting fibers.
  • Consider kitchen countertops made from a variety of recycled materials.
  • Install low flow taps, showerheads and toilets.
  • Buy FSC-certified furniture or go vintage.
  • Have a garden? Capture rain water for re-use and feed your plants with eco-fertilizers.
  • Use organic linens & towels and make sure the dyes used are also safe and natural.  Replace and clean air filters.
  • Make sure your windows, doors, roofs, and basements are properly insulated.
  • Install light colored solar shades in windows to block and reflect the sun in the summer which will reduce your cooling costs too.
  • Install and use ceiling fans instead of air conditioning when you can.
  • Compost your food waste either with a countertop composter or start a building-wide initiative.
  • Designate a bike room or bike racks for your building.
  • Buy Energy Star appliances but remember to keep them maintained in order to reap their benefits.
  • Want a roaring fire? Save a tree and try an eco-friendly firelog.
  • Buy in bulk if you have the space. It saves money, energy and resources.
  • Nix the car and join a pay-as-you-go car membership club.
  • Don’t toss away – find someone who will “re-purpose” your no-longer-needed furniture, electronics, etc.
  • Forgo the dry cleaners and wash by hand or find your local CO2 cleaners or wet cleaner.
  • Pests are inevitable – skip the toxic fumes and use an eco-friendly exterminator.
  • Sign up for the NYCWasteLe$$, Apartment Building Recycling Initiative (ABRI) through to learn what’s recyclable and how to do it.
  • Unplug small appliances when not in use and plug electronics into a power strip for easy on and off - avoid phantom energy loss - your wallet will thank you.

If every one of us did just one thing on this would make a world of difference in our world.

Related green links: 

courtesy of:

Mitchell Hall, Associate Broker

The Corcoran Group

This blog site is designed and published as a consumer service by local real estate broker to help Manhattan, New York City buyers, sellers and renters make informed real estate decisions. This site and its feeds are owned and operated by Mitchell J Hall, a NY State licensed real estate associate broker associated with The Corcoran Group and member of the Real Estate Board of New York.

Legal Disclaimer - The opinions expressed here are those of the authors and do not neccessarily reflect the opinions or policy of The Corcoran Group. This site is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.

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