A Guide to Selling a Home in NYC ~ Daniel Bollinger

I just wanted to share my new “Guide to Selling a Home in NYC.”

Please click on the link below:

daniel-bollinger-guide-to-selling-a-home-in-nyc

Warm Regards,

Daniel J Bollinger

Licensed Real Estate Salesperson

Bond New York
718-662-9493

Daniels’ BIO and Listings:  http://bondnewyork.com/?page=agents&id=3535

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SURPRISING REASONS TO BUY A HOUSE IN REAL ESTATE’S “WORST MONTH”

Robyn Woodman writes a great article on why it is still a good time to purchase a home during the holiday season.  The holiday season is typically real estate “worst month” but Robyn gives us some compelling reasons to buy.  Motivated Prices and Bargain Prices are two great reasons.  Read the article for all of them.

Daniel J Bollinger

Licensed Real Estate Salesperson

Bond New York
718-662-9493

Daniel’s BIO and Listings:  http://bondnewyork.com/?page=agents&id=3535

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SURPRISING REASONS TO BUY A HOUSE IN REAL ESTATE’S “WORST MONTH”

Robyn Woodman

The holidays might not be the most popular time to buy a home, but with lower buyer competition, motivated sellers, and year-end tax benefits, there are some good reasons to consider hitting “Pause” on decking the halls and high-tailing it to some open houses in San Francisco, CAFort Lauderdale, FL, and all spots in between! So, if you’re in the market, take note of these seven benefits and then call your agent. December just might be the most wonderful time of year … to be house hunting!

1. BARGAIN PRICES

The final month of the year is known for frantic shopping and countless holiday parties but not necessarily for purchasing a home — and this can work in your favor. With fewer buyers in the marketplace, the available homes for sale are priced to sell. Plus, with fewer active buyers, there’s less likelihood of multiple offers, bidding wars, and escalator clauses.

2. FLEXIBLE SCHEDULES

There’s no need to wait until Saturday or Sunday to cram eight house showings into your schedule. Rather than using up your precious weekends, take an end-of-year vacation day on a weekday to check out the available inventory (especially if your company has a “use it or lose it” policy). Chances are, your agent has some time on their hands as well and would appreciate staying busy throughout December.

3. MOTIVATED SELLERS

If a home is on the real estate market in December, there’s usually a specific reason the sellers are looking to move: It could be job relocation, financial hardship, or personal change of circumstance. Regardless, it gives you an opportunity to negotiate a sweet deal — lowball the listing price and ask for a closing date that works with your schedule.

4. TAX BENEFITS

Purchasing a home in 2016 is good for your bottom line when tax time rolls around. If you close by December 31, you can deduct property taxes, mortgage interest, origination points on your loan, and interest costs — all while building equity in your home. These deductions can be huge money savers, especially in the early years of your loan when you’re paying off interest.

5. LENDING LULL

With everyone off celebrating the holidays, December is traditionally a lean month for mortgage brokers. That gives you an advantage in building the best possible mortgage you can. Since there are fewer real estate transactions, loan officers may be motivated to offer special incentives and possibly waive or reduce origination fees. With so few loans in the pipeline, underwriting turnaround times will be quick. You may be able to negotiate a better price with the seller if you’re able to close the purchase in under 30 days.

6. VENDOR AVAILABILITY

A moving company’s December calendar usually resembles a ghost town. Not only will you be able to secure movers on short notice, but with competition for prime time slots (weekends) nonexistent, you could probably score a deal as well. Ask the movers to consider throwing in a couple of moving hours for free or additional packing materials and boxes at no cost. The same tactic may also work with contractors, repairmen, and home inspection services.

7. BUILDER INCENTIVES

If you’re building a new home, ask about holiday incentives — builders typically roll them out to finish the year with a bang. If upgrades such as custom cabinets, quality carpeting, and designer paint colors are on your holiday wish list, December may be the ideal time to purchase a new-construction home. With fewer units sold throughout the month, the last few days of the year are particularly important for sales.


Source:  http://finance.yahoo.com/news/surprising-reasons-buy-house-real-153839751.html

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QUESTIONS TO ANSWER WHEN BUYING A RESIDENCE ~ DANIEL BOLLINGER

I wrote this article for BabyDoesNYC.  BabyDoesNYC is a website that provides new parents info for their babies 0-24m.  You can see all of their services here: http://www.babydoesnyc.com/about-baby-does-nyc/.  They are also launching a sister website dedicated to real estate here:  http://www.babydoesnyc.net/.

They asked me to write an article about what to think about when purchasing a new residence.  You can follow the link here or read the article below. http://babydoesnyc.net/2016/10/20/questions-answer-buying-residence-daniel-j-bollinger/

Daniel J Bollinger
Licensed Real Estate Salesperson
Bond New York
718-662-9493

Daniel Bollinger’s BIO and Listings:  http://bondnewyork.com/?page=agents&id=3535


QUESTIONS TO ANSWER WHEN BUYING A RESIDENCE ~ DANIEL BOLLINGER

Purchasing a condo/co-op can be a daunting task. With the amount of inventory on the market in NYC there are a LOT of options. There are six basic characteristics in assessing if a residence is right for you. But in today’s market with the unprecedented amount of new construction going on there are also some additional questions to ponder.

Below is a list of these questions and some clarification about these traits.

LOCATION

I’m sure you have heard the adage ~ the three most important things in real estate are “location location location”. This is true but seeing that we’re in the best city in the entire world let’s break this down a little more. Yes location is important ~ do you want to live on the Upper West Side, Upper East Side, in Chelsea, the West Village, or Tribeca?

  • Each area of the city has its own charm and cultural definition. But other things may be important to you:
  • How close to you want to be to transportation (Penn Station, train or bus line, etc.)?
  • Is it important to you to be right on Central Park to enjoy the beautiful views?
  • Would you rather be a few blocks away from a major transportation hub to enjoy a little more peace and quiet in the evening?

Everyone has their own desires and wishes when it comes to location. What are yours?

BUILDING

The architecture in NYC is vast and beautiful. You may hear a lot about Pre-War buildings. Pre-war buildings refer to buildings built between 1900-1939 ~ just before WWII. They are magnificent in that the architects and builders used masterful designs and construction materials and techniques to accommodate the swelling population at that time. The result was sturdy brick and stone buildings with high ceilings, which created a New York type of architecture that was built for great form, function and endurance. That is why the pre-war conjures images of high ceilings, thick walls, plaster ornamentation and generous layouts.

Other questions to ask yourself about a building are:

  • Do you want to live in a large apartment building with lots of neighbors or do you prefer a smaller development?
  • Does a walk-up bother you or are you looking for an elevator building?
  • Is the architecture itself very important to you?
  • Do you want a new building that may have smart technology pre-wired into the building?
  • Or do you like ‘classic’ interiors?

There are many pros and cons to each style of buildings in Manhattan.

LIGHT

How much natural light does the residence provide? This is a biggie in Manhattan real estate. I am sure you have read many listings advertised with “tons of natural light” and “eastern exposure for maximum light” and things of the like.

Natural light is not only healthy for us they make our apartments seem bigger and most certainly brighter. That is why you read in many ads, “floor to ceiling windows for maximum light exposure”. And more light coming in also equals more views of the city for you.

There are four exposures available in a residence: North, South, East, and West and each have difference characteristics.

Northern exposures are cooler and clearer (less burning than southern exposures). North exposures are better for fighting fading on fabrics and artwork. That is why many artists paint only on northern exposed objects.

Southern exposure is just the opposite ~ it’s more for the lizard who likes to bask in the sunshine all day. Southern exposure also heats your residence more.

East and West are pretty simple: are you more of a sunrise person (East)? Or do you enjoy sunsets more (West)?

SPACE

How much space do you need/want? One bedroom, two bedroom, or more? How much square footage do you seek? How big of a living room/den do you want? Do you want a chef’s kitchen with a lot of space? Do you entertain often and need a large formal dining room?

These are the types of questions you should ask yourself to help find the residence that fits your needs.

AIR

Air refers to the floor plan and air circulation. Do you like lofts with their open layouts and high ceilings? Do you prefer a classic six? How does the air move throughout the apartment? This is what is meant by the term “air”.

VIEWS

Views are a personal choice. Some people want them, some people don’t care. I have dealt with people who were perfectly content looking at the tops of trees in their third floor apartment. And some others who wanted to live on the top floors of a building so that they could enjoy the majestic Manhattan views. One thing that is good to research is what are the air rights around the building? Today you may have a beautiful view of the park, river, etc. but tomorrow’s construction may cut that view. Something your agent should be aware of when making a long-term investment decision.

These are the six basic traits of a residence that most agents will advertise about and/or market about a property. But the new age of construction going up right now makes me expand this list with two more attributes of a building: Amenities and Design Details.

Amenities: “Amenity” is defined as, “a desirable or useful feature or facility of a building or place.” New construction in NYC certainly has many amenities. Common amenities in today’s construction include bike storage, fitness centers, rooftop lounges, and children’s playrooms. But some higher standard amenities including pools, concierge services, parking, valet services, home theater rooms, soundproof music rooms, and much more. Each new development will certainly advertise their amenities.

Design Details: This is a new category that I have come up with. Being the Real Estate Editor for New York Lifestyles Magazine I am very thankful to get private tours of many of the new developments in the city. The one thing that makes this new age of development different than the past few decades is that designers and architects are finally starting to “get it”.

In years’ past developers built four walls and put a bathroom and kitchen in it and called it a day. But now you see layouts with design details that are very thought out. The XOCO building in SOHO (above) is a great example of design details: recessed floating walls with curved edges of sculptural plaster give their residences an open sense of space and great ‘flow’ throughout the condo.

They are the only development that I know of that has taken the “bathroom niche” outside of the bathroom and put them in both the master bedroom and kitchen ~ brilliant in my opinion.

And 252 East 57th (above) has thoughtfully built a huge grand den with a curved glass picture window for a panoramic view of the city, and then designed a kitchen/dining area as an intimate family space for people who know that dinner time is family time. Their ability to size these rooms that offset each other appropriately is just another example of the thoughtfulness of architects and designers in today’s market. 252’s automated parking garage is a technological wonder as well. For those who like to think “outside the box”.

 

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NOVEMBER 2016 EDITION NEW YORK LIFESTYLES MAGAZINE

Welcome to the November Issue of New York Lifestyles Magazine. www.NewYorkLifestylesMagazine.com

I have some great articles for you to read this month.

A SoHo Showcase – XOCO 325 really is a designer’s dream. Read about it here:

http://newyorklifestylesmagazine.com/articles/2016/…/42.html

An East Side Masterpiece – Paris Forino once again wow’s with her design work. Read about it here:

http://newyorklifestylesmagazine.com/articles/2016/…/44.html

Redefining Luxury Rentals – Aalto57’s companion rental portion of their 252 East 57th St. condo building. Read about it here:

http://newyorklifestylesmagazine.com/articles/2016/11/39.htm

Re-Read the article I wrote on the Condo portion of 252 East 57th here:

http://www.newyorklifestylesmagazine.com/…/ar…/nycondos.html

This months’ Real Estate Spotlight highlighting Angus Reed of Lotus Equity Group:

http://newyorklifestylesmagazine.com/articles/2016/…/53.html

AND one FABULOUS new Italian Restaurant in the heart of Little Italy ~ La Margherita:

http://newyorklifestylesmagazine.com/articles/2016/…/74.html

Warm Regards,

Daniel J Bollinger

Licensed Real Estate Salesperson

Bond New York
718-662-9493

Daniel Bollinger’s BIO and Listing:  http://bondnewyork.com/?page=agents&id=3535

 

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OCTOBER ISSUE: NEW YORK LIFESTYLES MAGAZINE

City Point, a huge three building development right in the heart of Downtown Brooklyn.  Instrata Nomad with 5 building locations throughout NYC and Brooklyn offering some great amenities in their rental buildings.  One West End has some great design details.  A new article that I am introducing is my “Real Estate Spotlight” where I interview someone in the real estate market.  This month is Dan Flanigan.

THE NEW FACE OF DOWNTOWN BROOKLYN – CITY POINT BROOKLYN

http://newyorklifestylesmagazine.com/articles/2016/10/43.html

INSTRATA NOMAD:  LUXURY RENTALS

http://newyorklifestylesmagazine.com/articles/2016/10/39.html

ONE WEST END — RESORT-INSPIRED LIVING

http://newyorklifestylesmagazine.com/articles/2016/10/36.html

REAL ESTATE SPOTLIGHT:  DAN FLANIGAN

http://newyorklifestylesmagazine.com/articles/2016/10/52.html

Warm Regards,

Daniel J Bollinger

Licensed Real Estate Salesperson

Bond New York
718-662-9493

Daniel Bollinger’s BIO and Listings here:  http://bondnewyork.com/?page=agents&id=3535

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SEPTEMBER Edition- NEW YORK LIFESTYLES MAGAZINE

The Kent is an Extell development that I believe is going to be one of NYC’s most iconic building for years to come.  In Flushing Queens a super development with all the trimmings is entering it’s second phase of construction.  And Shy Iland is featured this month in my entrepreneur’s corner.  See article links below.

The Kent.  Upper East Side Brilliance:

http://newyorklifestylesmagazine.com/articles/2016/09/thekent.html

The Grand at Sky View Park (Flushing, Queens):

http://newyorklifestylesmagazine.com/articles/2016/09/thegrand.html

Entrepreneurs’ Corner article:

http://newyorklifestylesmagazine.com/articles/2016/09/entrepreneurs.html

Warm Regards,

Daniel J Bollinger

Licensed Real Estate Salesperson

Bond New York
718-662-9493

Daniel Bollinger’s BIO & Listings here:  http://bondnewyork.com/?page=agents&id=3535

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AUGUST Edition – NEW YORK LIFESTYLE MAGAZINE

I have two articles in the August edition of New York Lifestyles Magazine.

One, Ava DoBro are great rentals in the heart of Downtown Brooklyn.

Ava DoBro in Downtown Brooklyn (Rentals):

http://newyorklifestylesmagazine.com/articles/2016/08/avadobro.html

The second are some great condo sales in the Financial District of Downtown Manhattan:

75 Wall Street in the Financial District (Manhattan):

http://newyorklifestylesmagazine.com/articles/2016/08/75wall.html

Warm Regards,

Daniel J Bollinger

Licensed Real Estate Salesperson

Bond New York
718-662-9493

Daniel’s BIO and Listings:  http://bondnewyork.com/?page=agents&id=3535

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