Because so far 2013 has been the most brutal selling year I have ever experienced. Yes worse than what I was seeing in 2007- 2008 simply because we have no inventory, so when something good hits the market it can be chaos. This is the trend from Long Island City across to Brooklyn and throughout Manhattan.
We are trying to help our current buyers maximize their position with our unique business model. This trend cannot keep going indefinitely the market will take a breath. For now we patiently look for homes and stick to our game plan.
Wednesday, February 13, 2013
Wednesday, January 23, 2013
Thursday, January 17, 2013
Been Hearing This A Lot Lately:
Me: Are you planning any open houses?
Listing Agent: No-we had 10 offers and best offers-
Contract is out- (Well known UWS Agent)
And this in Manhattan Valley....
That said we are getting deals done. But this is the busiest January I have ever worked in! Five offers out in the last 7 days and all went to best and final with multiple bidders. Our model is helping people get deals done, but more than ever we are advising patience. Cheap money, high rents and thin inventory are driving markets.
Listing Agent: No-we had 10 offers and best offers-
Contract is out- (Well known UWS Agent)
And this in Manhattan Valley....
That said we are getting deals done. But this is the busiest January I have ever worked in! Five offers out in the last 7 days and all went to best and final with multiple bidders. Our model is helping people get deals done, but more than ever we are advising patience. Cheap money, high rents and thin inventory are driving markets.
Tuesday, December 25, 2012
Monday, December 24, 2012
Happy Holidays and a Happy New Year!
We just want to wish you and your loved ones all the best during this Holiday Season; Health, Peace and Joy!
And thank you to all our clients that made this the greatest year ever for The Burkhardt Group! You have been the beneficiaries of over $1,000,000 dollars in rebates!
Cheers!
Keith and Christian
And thank you to all our clients that made this the greatest year ever for The Burkhardt Group! You have been the beneficiaries of over $1,000,000 dollars in rebates!
Cheers!
Keith and Christian
Friday, December 7, 2012
Thursday, December 6, 2012
Choosing a Mortgage Broker
Choosing a lender or a mortgage broker should be done not just based on the rate, whether you go to one of the big banks or an individual broker make sure you are working with someone who really understands the nuts and bolts of condo/co-op financing. You may bank at Wells or Chase and decide to just walk in or call not thinking or caring about who will wind up processing your application. This can lead to some serious headaches or worse! The lending process has certainly loosened up a bit over the last year but banks are still scrutinizing every detail of your application. So when your loan application hits a few speed bumps (usually in the underwriting department) it is very important you have a solid broker/banker that can work with you to right the ship, who will be proactive and responsive.
If you are working with a real estate agent that you trust and are satisfied with I think they can be one of your best resources for a lender/broker referral. They have a vested interest in seeing you get approved quickly and efficiently and may have a relationship with the lender that will bring you a better level of service. Certainly call a few people, ask friends, your attorney; but under no circumstances would I just "cold call" a lender. Chase may be a great bank to apply to, but every loan officer there will be different, some will excel some will just plain stink. In just the last two weeks I have seen two clients grow frustrated with their mortgage broker whom in one case may have cost the buyer a deal.
Be proactive and get someone good from the start!
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