Author Archives: Doug Heddings

When a Broker Falls in Love with a Penthouse

Posted on May 30, 2006 by Doug Heddings

When you do enough transactions in the real estate industry, the inevitable always happens… lost bidding wars, co-op board turndowns, and… well… um… uh… the expiration of an exclusive agreement before you have sold a property. Let me tell you … Continue reading →

Posted in A Broker's Job | 3 Comments

Resetting ARMS and Foreclosure Panic

Posted on May 26, 2006 by Doug Heddings

On the Walk-Through, Damon Darlin of The New York Times is the latest voice to fret over the number of Adjustable Rate Mortgages (ARMs)that will be adjusting over the next few years. Payments that are small now will be getting … Continue reading →

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Pricing: Why Not Just Hire an Appraiser?

Posted on May 25, 2006 by Doug Heddings

Yesterday I stepped into the minefield that is defending real estate brokers. In the post and the comments, pricing your apartment is the big issue. I maintain a knowledgeable broker earns a good chunk of his or money with this … Continue reading →

Posted in A Broker's Job | 1 Comment

6% Can Be Well Worth It

Posted on May 24, 2006 by Doug Heddings

I know, I know, I’m a broker so of course I say that. But this is not the same old argument you have always heard. I have put my money where my mouth is. Please, hear me out. As many … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 11 Comments

Converting the Big House

Posted on May 23, 2006 by Doug Heddings

This grand Post War home boasts low ceilings, iron bars, and cinderblock! In the latest issue of The New Yorker, Kate Julian has an amusing piece on the insanity that has become the latest development boom: …condo and co-op conversions … Continue reading →

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Condo Party Animals

Posted on May 22, 2006 by Doug Heddings

Curbed shares a tip-off on the new party scene: “I’m in the hunt for a new condo. I look in all the usual places: Bluer east side, Dumbo, Financial District, Chelsea, and everywhere in between. I also like booze. Every … Continue reading →

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Frank Talk About the Building Boom

Posted on May 19, 2006 by Doug Heddings

Photo: Jennifer Breu Manhattan is an island, so the amount of property for sale can’t change all that much, right? Wrong. Not only can little buildings be replaced with big buildings, but rental buildings can be converted to condominiums. Both … Continue reading →

Posted in Market Insight, Podcast | 2 Comments

My Lucrative Mistake

Posted on May 19, 2006 by Doug Heddings

Today I venture out to Amityville (hopefully without horror) to close on the sale of my family’s beach property in Bridgehampton. We purchased this “investor/user” home less than two years ago, and stretched ourselves way beyond our means to procure … Continue reading →

Posted in A Broker's Job, Market Insight | 2 Comments

Volatile Apartments

Posted on May 18, 2006 by Doug Heddings

Jonathan Miller busts out a “dizzying” chart illustrating volatility, by property size, in the apartment market. His chart compares a single quarter to its previous quarter. He indicates that he may correlate this data in the future with mortgage rates … Continue reading →

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New Listings of the Week

Posted on May 18, 2006 by Doug Heddings

UrbanDigs has a graph showing the new inventory that has arrived on the market in the last week. This graph is incredibly helpful for the entire industry; buyers, sellers, and everyone in between. It should prove continually useful as weekly … Continue reading →

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