Category Archives: Market Insight

Manhattan Residential Real Estate Market Reports-Q1

Posted on April 3, 2008 by Doug Heddings

I know I’m a day late but yesterday was another very busy day and I didn’t have an opportunity to post any data.  Yes…that’s right, I’m busy again.  I’m swamped today too.  So this time around, I’m going to simply … Continue reading →

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What Does A 6% Commission Get Me? (Part II of II)

Posted on April 1, 2008 by Doug Heddings

Yesterday I broke down exactly for what a seller’s agent is paid and today I will discuss what a buyer’s agent performs in that same real estate transaction for their 50% share of that 6% commission.  For this segment, I elicited the … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 12 Comments

What Does A 6% Commission Get Me? (Part I of II)

Posted on March 31, 2008 by Doug Heddings

Long time readers of TrueGotham know that although I feel like a 6% commission is well worth it when you hire the right person to represent the sale of your home (podcast), I’m also one who believes we will see hybrids of the … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 10 Comments

Why Most Sellers Shouldn’t Panic

Posted on March 28, 2008 by Doug Heddings

Trying to get across a "Don’t Panic" message in a 4 1/2 minute segment on the Today Show yesterday was quite a challenge.  Since I’m fortunate enough to have the medium of this blog to elucidate, here are some additional … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 3 Comments

Appearance on NBC’s Today Show

Posted on March 26, 2008 by Doug Heddings

I’m happy and excited to report that I will be appearing on NBC’s Today Show tomorrow morning, Thursday, March 27 to discuss housing markets across the country and what sellers can do to both add value to their homes and increase … Continue reading →

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Seller Motivation: Why Sell Now?

Posted on March 26, 2008 by Doug Heddings

Throughout my 16 years in the residential Manhattan real estate market, the majority of my business has come from representing sellers in the marketing and negotiation process.  The first 2 questions I ask of all of my sellers is "why … Continue reading →

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Manhattan Real Estate Market…High Anxiety!

Posted on March 24, 2008 by Doug Heddings

As debates take place among the nation’s leading economists as to the health of our economy and the housing markets (plural because they are local), the anxiety here in Manhattan continues to rear its ugly head.  All parties involved in … Continue reading →

Posted in A Broker's Job, Market Insight | 3 Comments

Tighter Lending Standards Includes Tougher Credit Ratings

Posted on March 12, 2008 by Doug Heddings

From Jane J. Kim of RealEstateJournal.com comes Credit Scorers Find New Ways to Judge You.  As lending standards continue to tighten, many credit rating agencies are delving further into your payment history than ever before in their effort to provide … Continue reading →

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Tapping the Retirement Account to Stay Afloat

Posted on March 11, 2008 by Doug Heddings

Just yesterday a friend of mine shared that his wife is going to withdraw $21,000 from her 401K to pay for their 3 year old to go to nursery school for 3 hours a morning next September.  For those reading … Continue reading →

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Contingent or Not Contingent…That Is Indeed THE Question

Posted on March 10, 2008 by Doug Heddings

The state of the Manhattan real estate market remains stable but some of the rules that have been followed for more than a decade are meeting resistance and dare I say, may be changing.  Of course my experience is anecdotal … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 1 Comment