Greetings all,
And long time no see Noah (StreetEasy) -- I like what you've done with the place.
I'm going to a bid on a new construction 3BR apartment (attempting to go without a broker on this) and have been following the "Talking Manhattan" points.
It's a high end building in a good Manhattan location with good amenities. I would be going for a lower floor unit.
Offering plan is not yet effective.
I plan to negotiate using mansion tax, transfer tax, common charges, etc as recommended by the podcast, but the execution of this is fuzzy to me....
Assuming the rough estimates:
transfer taxes 2%
mansion tax 1-4%
5 yrs cc 3%
listing discount 6-12%?
no broker 3%?
Where should I start my bid in the current market?
Thank you very much in advance!
And long time no see Noah (StreetEasy) -- I like what you've done with the place.
I'm going to a bid on a new construction 3BR apartment (attempting to go without a broker on this) and have been following the "Talking Manhattan" points.
It's a high end building in a good Manhattan location with good amenities. I would be going for a lower floor unit.
Offering plan is not yet effective.
I plan to negotiate using mansion tax, transfer tax, common charges, etc as recommended by the podcast, but the execution of this is fuzzy to me....
Assuming the rough estimates:
transfer taxes 2%
mansion tax 1-4%
5 yrs cc 3%
listing discount 6-12%?
no broker 3%?
Where should I start my bid in the current market?
Thank you very much in advance!