Author Archives: Doug Heddings

When Should I Engage a Real Estate Agent: Buyer’s Edition

If I told you how many times I have been walking down the streets of Manhattan, sitting in a restaurant or riding the subway and overheard a conversation about someone buying, selling, renting, moving, renovating, or relocating, you probably would … Continue reading

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Seller Beware–Your Exclusive Agreement May Not Be Expiring When You Think

With nearly 30,000 licensed real estate agents in New York City and only about 12,000 transaction per year, it is no surprise that some less than savory agents turn to desperate measures to ensure that they make a few dollars. … Continue reading

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Not All Brokerages Nor Agents Are Created Equal

I have written before about the importance of company culture as it relates to the success of a real estate agent and ultimately a positive experience for the consumer. If that fit is not mutual for both the company and the agent, … Continue reading

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Traditional vs. Tech Brokerage: A Hybrid is the Answer in Today’s Real Estate Marketplace

Yesterday I was privy to an interesting war of words regarding a LinkedIn post. The two sides ultimately battled over whether a traditional brokerage model or a tech-centric model would fare better in today’s real estate environment. The comments were … Continue reading

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Avoiding Drama in Today’s Complex Real Estate Market

If there is one word that I would use to describe the current climate of the New York City real estate market, it would be complex. It seems that most every deal is posing different challenges.  From buyer, seller and … Continue reading

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History Repeats in Manhattan Real Estate

Once upon a time, I suggested that a client strongly consider a purchase at 15 Central Park West. That client barked at me that she “would NEVER pay $2,000/sf for an apartment in Manhattan! That is just absurd!” Since then, … Continue reading

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Why I Live in New York City

My wife makes me! That is all. No, seriously, my wife was born and raised on the Upper West Side of Manhattan and made it clear to me that she wouldn’t likely ever have the desire to leave Manhattan. I … Continue reading

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Buying or Selling a Manhattan Co-op

A simple question posed on social media last night made clear that many still long for an explanation of the co-op buying process in NYC. So I am re-sharing this TrueGotham post from November 2009: Here is a step by … Continue reading

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Social Media and Doing Right by Our Clients

This past September I decided to take a break from social media, specifically Facebook. While I missed the pictures of my sister’s kids, the posts from my nephews, in-laws, my mom and many of my friends, I did not miss … Continue reading

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NYC Sees a Staggering 137% Increase in Number of Wealthy Renters

NYC is THE hub for wealthy renters (meaning renters who make $150K and above), according to a study published recently by RENTCafé. According to U.S. Census data, together, the five boroughs have more top-earning renter households than San Francisco, Los … Continue reading

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