Category Archives: Market Insight

Outdated Sales Tactics Remain the Norm

Posted on February 4, 2010 by Doug Heddings

PRICED TO SELL…MOTIVATED SELLER…NOW THE PRICE IS RIGHT…OWNER SAYS SELL You can probably guess where I’m going with this before you even finish reading this sentence but here are my thoughts on these ridiculous mantras that are spewed all over … Continue reading →

Posted in A Broker's Job, Market Insight | 5 Comments

4Q 2009 Manhattan Real Estate Market Reports Confuse…Again

Posted on January 5, 2010 by Doug Heddings

No surprise that reading the "Big 3" Manhattan real estate market reports for Q4 2009 is giving many, including me, a headache. Check them out for yourself: Elliman Corcoran Halstead All 3 of these firms have done an excellent job … Continue reading →

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TrueGotham Is NOT Dead

Posted on December 10, 2009 by Doug Heddings

I realize that you wouldn’t know from the lack of postings here, but TrueGotham is not dead!  As most of you know, I left my former firm and brought the Heddings Property Group to Charles Rutenberg Realty back in June.  It’s no … Continue reading →

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Foreclosure Alternative: Fannie Mae’s Deed for Lease Program

Posted on November 19, 2009 by Doug Heddings

Chris Thorman at SoftwareAdvice.com sent me his latest post this AM:  Own to Rent: Breaking Down Fannie Mae’s Deed for Lease Program.  That’s correct, the title reads "Own to Rent," not at all the rent to own scenario of which … Continue reading →

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Buying or Selling a Manhattan Co-op: From Contract to Closing

Posted on November 6, 2009 by Doug Heddings

 The impetus for this post is a question that was recently asked of me from one of my sellers.  They are in the early stages of selling their Manhattan co-op and have simultaneously bid on a house outside of the … Continue reading →

Posted in Market Insight, Tips & Advice | 4 Comments

More on Confusing Housing Numbers from FoxBusinessLive

Posted on October 28, 2009 by Doug Heddings

 I had the pleasure of joining Tracy and Chris on the Noon edition of FoxBusiness.com Live today to discuss recent housing numbers that continue to confuse. August home sales up 1% and September sales down 3.6% when an anticipated uptick … Continue reading →

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Managing Agents, Co-ops and Condos Going Green

Posted on October 27, 2009 by Doug Heddings

Not soon enough for me, but it seems that the Manhattan real estate market is becoming less of a paper wasteland.  Finally managing agents and co-op/condo boards are taking into consideration the ridiculous amount of paper that is being wasted in … Continue reading →

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3Q Manhattan Real Estate Market Reports

Posted on October 5, 2009 by Doug Heddings

I was contemplating NOT chiming in on the big company’s 3Q Manhattan residential real estate market reports, but alas I must give my two cents.  Never has the answer to the "how’s the market?" question been so complicated.  It is … Continue reading →

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Sellers More Realistic Than Buyers in Today’s Manhattan Real Estate Market

Posted on September 22, 2009 by Doug Heddings

As far as who is more realistic in terms of their expectations in today’s Manhattan real estate market, the scale has definitely tipped toward sellers.  Before you get all crazy on me, here me out. I’m not AT ALL suggesting … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 23 Comments

The Sting of Selling Today If You Bought At The Peak

Posted on August 21, 2009 by Doug Heddings

A colleague of mine recently received a phone call from a seller whom he is representing with a disturbing question.  His home is currently in contract with a prospective purchaser and he asked, "Should I reach out to my co-op … Continue reading →

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