Category Archives: Tips & Advice

NEWS FLASH: 30 Year Rates Drop Almost 1% OVERNIGHT

Posted on November 25, 2008 by Doug Heddings

I have just received notification from Dan Shlufman that the Fed cash infusion just caused 30 yr fixed rate loans to drop to 5.375%. He suggests that those buying or refinancing act fast since this is unprecedented and may go away quickly.  If … Continue reading →

Posted in Market Insight, Tips & Advice | 1 Comment

How To Raffle Your House

Posted on November 11, 2008 by Doug Heddings

PLEASE READ THIS ENTIRE BLOG ENTRY: WE DO NOT RAFFLE HOMES…so contacting us to assist you with a house raffle will be a fruitless effort.  Good Luck to all of you! I’ve decided to re-post this blog entry because of the overwhelming amount of traffic that this site is getting … Continue reading →

Posted in House Raffles, Tips & Advice | 140 Comments

The Two Faces of Residential Real Estate

Posted on October 28, 2008 by Doug Heddings

I’m two-faced!  That’s right, I said it.  But now let me explain.  In today’s very bizarre world of Manhattan real estate where everyone is trying to make sense of the market’s conditions and direction, I am finding myself sending mixed … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 7 Comments

Beware of Housing Fraud…Here and Abroad

Posted on October 6, 2008 by Doug Heddings

My colleague’s friend just sent her this email which was a response from an ad she answered online: Hello, My name is Burgin Badams the owner of the 1bedroom apartment and also want you to know that it was due … Continue reading →

Posted in Tips & Advice | 5 Comments

Selling Real Estate vs. Pulling Teeth

Posted on October 2, 2008 by Doug Heddings

It’s no secret that buyer psychology has shifted to a more cautious perspective in light of the recent economic developments.  Although I remain busy, I must state that selling real estate in today’s market is often more difficult than pulling teeth.  That said, I’m … Continue reading →

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Making Sense of Manhattan Real Estate

Posted on September 29, 2008 by Doug Heddings

The Bailout plan has been rejected (via WSJ) and it’s no surprise that the stock market has plummeted on the news.  So why am I still so busy?  I can’t answer that except by updating my current transaction activity (by current, I mean … Continue reading →

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

Sellers have 4 Options in Declining Market

Posted on September 23, 2008 by Doug Heddings

If you’re selling your home in a declining market, you have 4 options to consider if your home is not selling: Aggressive Pricing:  Pricing the property aggressively below competition will drive home the perception of value to prospective purchasers. Rent:  … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 7 Comments

Wall Street Debacle Will Have Ramifications for Manhattan Housing

Posted on September 15, 2008 by Doug Heddings

158 year old Lehman Brothers has declared bankruptcy.  Merrill Lynch has been scooped up in the nick of time by Bank of America.  AIG is also talking bankruptcy.  And who can forget Bear Sterns?  All of the fallout from Greenspan’s "easy money" mortgage … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 6 Comments

9-11-2001

Posted on September 11, 2008 by Doug Heddings

Remember…

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Less Emotion in Real Estate Market as Buyers Seek Value

Posted on September 2, 2008 by Doug Heddings

When I entered the Manhattan real estate market 16 years ago this week, I was greatly attracted to the personal and emotional elements of the residential real estate transaction.  And over the past 16 years, I have seen the market … Continue reading →

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