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real estate transactions Archives

Some real estate transactions not worthwhile due to home flaws

Purchasing a home can understandably be an exciting process in New York. This is true whether one has been through the process before or is experiencing home buying for the first time. However, residential real estate transactions can be tricky for those who do not know what to look for in the houses they are interested in buying. There are a couple of problems to watch out for during the home shopping process.

Homes involved in real estate transactions dropping in price

According to government officials, the number of new houses sold so far in 2018 in the United States, including in New York, is relatively low. Around 593,000 newly built homes were sold this past January. The number of completed real estate transactions is down almost 8 percent from Dec. 2017.

New York real estate transactions costly on Billionaire's Row

Michael Dell, a technology billionaire, purchased the costliest house ever sold in New York City. It was recently reported that he purchased a condo valued at $100 million. The purchase is one of the most noteworthy residential real estate transactions to have taken place on what is called Billionaire's Row.

Real estate transactions may rise with rising construction

The construction of housing remains strong at the moment in the United States, including in New York. The hope is that this strong construction will help to spark economic growth during the remainder of 2018. The construction may also help to ease increases in home prices during the next several months, thus sparking more residential real estate transactions.

Bitcoin may transform real estate transactions

The world of buying and selling property can understandably feel exciting in New York and other parts of the United States. However, completing real estate transactions might become even more thrilling thanks to the growth in popularity of bitcoin. This cryptocurrency's value increased 19 times from January 2017 to December 2017, although it plummeted in February of this year.

Real estate transactions can help companies to achieve goals

Google plans to buy a historic New York building for a $2 billion. Chelsea Market is a multi-use site, including a shopping mall, food hall, office building and TV production facility. These types of commercial real estate transactions can help companies such as Google to accomplish their unique business goals.

Real estate transactions continue to favor sellers

The year of 2017 began with low inventory in New York. The result was bidding wars followed by the selling of homes above their asking prices. In other words, the world of residential real estate transactions mirrored that of previous years in the Empire State.

Proper home staging may benefit real estate transactions

When it comes to selling a home, sellers in New York have been told time and time again that buyers do not want to tour a house that is empty. This is why staging is such an important part of the process of completing residential real estate transactions. However, home staging can be detrimental if not done right.

Real estate transactions boom in Brooklyn

Reports indicate that the purchase and buying of properties was strong toward the end of 2017 in the area of Brooklyn, New York. This applies to both residential and commercial real estate transactions. The market was strong in Brooklyn even though some other markets in New York stumbled during this same time period.

More real estate transactions expected in Manhattan this year

New construction is taking place in Manhattan at an unprecedented rate since the 1980s. This will likely increase the rent amounts for New York office space this year. This may be excellent news for those who plan to engage in real estate transactions involving the purchase or leasing of commercial properties in 2018.


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