This came across in my reading in the last day or so....
https://www.bloomberg.com/news/articles/2024-02-07/us-commercial-real-estate-contagion-is-spreading-to-europe
https://www.brickunderground.com/buy/do-buyers-pay-broker-fees-rebny-co-brokerage-agreement (of particular interest to me ,is what I think may have been an update that added comments from Stephen Brobeck that had not been there when I first read the article- I've downloaded the report referenced...
Many buyers who are not from NY really fail to realize and understand the dynamics of the market here- that until you've signed your contract its easy to get something "stolen" - while buyers have leverage you are correct that once you've negotiated or are negotiating - dilly dallying leads to...
https://www.brickunderground.com/buy/increasing-prevalence-size-closing-credits-distorts-comps-nyc
Is anyone else finding more and more of the "credits" ...as we navigate the murky waters (see above, not sharing because I'm quoted...but this also came up in our most recent NYRS Halftime...
I think in this market, a buyer who is ready willing and able to transact- can find great leverage. One of the issues I am encountering is that they don't see it, until literally they've been outbid or lost out on an opportunity while they were "waiting for the price reductions" , I typically...
The lag between the boots on the ground experience, and its reflection in data- is nothing new- however our experiences and conversations with each other, coupled with the data can help advise our clients of what is going on in real time (or as the case maybe what is NOT going on in real time)...
New commission lawsuit targets REBNY and 26 NYC firms...
https://www.inman.com/2023/11/10/new-commission-lawsuit-targets-rebny-and-26-companies-in-nyc/
Let’s see if Chris does brokerages next,as one of his tweets seems to imply….meanwhile I feel like the cranky grandparent thinking, gosh I remember when Chris was first starting in the industry LOL.
I don't remember - would need to go back in my emails/texts. This one was not via IG, but I remember because my clients would text and say hey what about this, and my answer was immediately no .
The price posted was somewhere around that, but for some ridiculously large UES apartments that...
There was also, some other company, that would not share pricing per month unless the client filled out and paid an application fee (I forget the name of it off hand).
But yes to answer your question, sounds scammy for sure...