When a Pre-Approval Is Not a Pre-Approval

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As a good rule of thumb, it’s always in a prospective buyer’s best interest to get a pre-approval for a mortgage when making an offer on a new home, but it’s especially important in a tight, competitive market. Why? In essence, it gives sellers relative assurance that you’re financially capable of purchasing the property they’re [...] Read More

Chinatown

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Taking an unplanned walk through an urban setting (a dérive) is one of my favorite activities, and New York City – where walking a few blocks can completely change your surroundings – is the ideal city for this. For this dérive, I got on the subway at Lexington and 86th Street, took the 6 train downtown, [...] Read More

Finding a pet-friendly home in NYC

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Recently I took my dog with me to work in Warburg’s West Side office on a weekend, and (coincidentally or not) began working with a customer whose priority in her search for a new home was her small dog. This process led me to think about something that has been a part of my life [...] Read More

BUYERS REAP BENEFITS FROM AGENCY REPRESENTATION

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It’s not smart for buyers to be unrepresented in today’s marketplace. The inventory is too thin, and the stakes are too high. In a climate where well priced properties are attracting multiple offers and selling quickly, it’s important for both sides of the transaction to be represented separately by experienced agents. Dual agency, though recognized [...] Read More

Battery Park City

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A few months ago, I wrote about an unplanned walk through an urban environment (a dérive) I had taken through one of the hottest neighborhoods in Manhattan – Tribeca. Today’s derive starts where Tribeca, the Financial District, and Battery Park City intersect, at Chambers and West Streets. I often like to write about the history [...] Read More

MIDSUMMER REALITIES AND UNCERTAINTIES

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Traditionally a slow month in residential real estate, August this year will no doubt show a drop in signed contracts from last spring, favoring the $2 million and under market while activity for larger apartment resales pauses as the upper end of the market heads to the beach. Here are five current observations. 1. The [...] Read More

Beauty is Truth

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I am often asked if I live in a constant state of real estate envy. After all, so the thinking goes, I must see so much beautiful property that I am constantly burdened by desire. In fact, I’m not. My wife and I live happily in the same spacious but essentially modest apartment we bought [...] Read More

The Upper West Side from Central Park to Riverside Park

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In a past dérive (an unplanned walk through an urban environment), I started at the corner of Central Park West and 81st Street, and walked south on CPW to Columbus Circle. For this dérive, the starting location is the same, but this walk goes from one great park to another: from incomparable Central Park west [...] Read More

Taking A Splash On The Wild Side

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I recently had a client with a rare stipulation for a New York City residence: He insisted that whatever building I found for him must have a pool. This is not a request I receive every day, so it got me thinking. After some research, what I discovered may surprise you. As it turns out, [...] Read More

In the Heights

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This week’s dérive (an unplanned walk through an urban environment) takes place in a Manhattan neighborhood that holds Manhattan’s oldest surviving mansion, has a safer crime rate than Greenwich Village, is only 20 minutes from Times Square via express subway, and was the subject of a recent Tony Award winning musical – Washington Heights. Surprised? [...] Read More