The fact is, every real estate buyer should have his or her own buyer’s broker, whether that buyer is a current resident, relocating from another state in the U.S. or country, or buying an investment property.
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Real estate is always hyper-localized, so when you hear that there might be an oversupply of new condos in the Manhattan real estate market in 2019, note that four fringe Manhattan neighborhoods will be most affected - the Financial District, South Street Seaport, Lower East Side & East Village.
Read MoreForget Silicon Valley – many of today’s top tech executives are choosing New York’s Silicon Alley.
Read MoreThere are a multitude of reasons that a real estate buyer might consider purchasing property in Manhattan, whether it’s for a new home, a new job, or your family. It’s a wonderful place to live, especially for those seeking exposure to the arts, diversity, and culture. However, even if you are not considering relocating to New York, there’s still a fortune to be made by purchasing properties in the Manhattan as investments. Because the city has become such a hotbed for real estate, you’ll want to be sure you’re keeping in step with the other professionals looking for the winning property. Here’s our list of five ways to invest in Manhattan real estate like a pro.
Read MoreAs foreign buyer specialists, we are often asked many legal and tax questions by our foreign buyers. For instance, Can a foreigner buy property in the US? What taxes does a foreigner need to pay when buying Real Estate in New York? What is FIRPTA? Should I set up an LLC or should I buy in my own name? These are just a few of the questions that have been asked over and over from our foreign buyers.
Read MoreRead MoreA gaggle of noteworthy architects are due to put their stamp on the Hudson Yards megaproject, but if the Wall Street Journal is to be believed, two bona fide starchitects may be joining their ranks.
WSJ reports that “a person familiar with the matter” claims that Santiago Calatrava and Frank Gehry have been tapped to design buildings for the megaproject’s second phase, due to rise over the west side rail yards (stretching between 30th to 33rd streets from Eleventh to Twelfth avenues).
It’s estimated that 15% of the real estate transactions that occur in Manhattan are carried out by foreign buyers. These individuals are often in search of diversity and safety by investing in Manhattan real estate. Often, they are searching for a home for their child studying abroad, a second home for themselves, or an investment property that will provide yield and capital appreciation. In all cases, these buyers have unique needs and concerns. If you’re a foreigner looking to buy real estate in Manhattan, here’s a checklist to guide your search.
Read MoreMost foreign individuals moving to the USA already have a set of ideas about American culture. Media, politics, or history may leave individuals excited about the potential for the future, yet simultaneously nervous about the new people and places they will discover. If you’re preparing to buy residential property in the USA, here are some facts you’ll need to know, and advice for some things to do early on to ease the transition into a new culture.
Read MoreIf you’ve reached the decision to sell your Manhattan property, you’ll be doing so in a fast-paced real estate climate. You’ll need to find a way to stand out in the crowd, impress people with your home’s layout and decoration, and then make sure you’re getting the best return on your investment possible. The following tips should help you to efficiently sell your Manhattan residential property as a foreign buyer.
Read MoreRead More"Buyers — A price correction already occurred, and over the last year or so the broader market has shown signs of stabilization and normalization. If you have a real need to buy and you find the right property, utilize this slow period for any leverage you can get in negotiations — you never know when a seller has had enough, and is ready to hit that bid."
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