True Gotham

I don't know exactly what is going on but the Manhattan real estate market is churning white hot yet again.  I'm having difficulty finding the time to blog.  For example, here's just how today went:

• Highest, best and final offer for property first offered this past Sunday.  7 "final" offers (3 dropped out...intimidated) of which 6 were way over ask.
• Contract out to be signed tomorrow on property that received multiple offers last week after a board turn-down and 4 months on the market.
• Contract out to be signed tomorrow on another property which also received multiple offers after 5 months on the market.
• 10:30AM-11:30AM-met with buyers to view 2 properties: one didn't have the view they like and the other is a viable option.  Awaiting there call to see if they want to bid.  50/50 chance I think.
• 12:15PM-5PM-with buyer viewing new development projects with pools.  Bidding on something we saw.
• Email to follow-up with prospective seller.
• Appointments arranged for buyer to visit property 2nd time with architect.
• Expediting closing for 2BR.
• Phone call with seller who may want to sell 3BR East side Condo to purchase Townhouse.
• Email with seller who wants to see 3BR fixer-upper and may sell Classic 9.
• Right now...doing searches for 2 prospective purchasers who are ready to buy ASAP.
• Going home to see my wife and kids!

All in a day's work.  I love this job!!!

And BTW...my colleagues seem to be incredibly busy too!  Our top agent put 6 new exclusives into the system TODAY.  Anyone else care to share what's happening in their business or with their searches?

well, little old me showed my E Harlem townhouse twice today. And I had 2 buy side showings with separate buyers that I consider to be very serious and ready to go! Most of my biz now is with buyers, and I have about 12, and more requests coming in. I didnt even put my BUYERS page up yet on urbandigs.

All in all, I consider it to be very active out there. Inventory still tight, and 60% of my buyers are a bit cautious, the rest ready to bid if price is somewhat right! Way overpriced listings arent even getting considered. If you want to sell, learn from Doug. Price right and get multiple bids in!! Hes a master.

Noah,

You're very good for my self esteem! Thanks as always for sharing. Truth be told, I'm not sure how much of a "master" I am as much as the benefactor of a very tight market in which demand is definitely increasing.

I think when we start not hearing people on the blogs things will be looking up for the real estate business people to busy to post. So here's to not hearing from you for a while!

My wife and I signed a contract on a 2BR LIC condo w/ yard @ 5SL 10 months ago and we are seriously considering making the plunge on a parking space in the building... we are planning on staying in the condo for 5-8 years... thoughts? Wondering about re-sale. They won't negotiate at all...

Appreciate your time and the blog...I check it often.

Thanks,
Ethan

I would buy the parking space. From what I understand, parking is tough out there and it will make your place more attractive for resale.