How to sell your house fast?

In this economy, with a suppressed real estate market, how would you sell your house fast?

1. Make the house look good from the outside so that people passing buy who see your “For Sale” sign would want to drop in.

2. Your house should be sparkling clean to leave a good first impression. Make sure to take care of your garden as well.

3. The style of your home should resemble what most people would want it to be. Sure, your style may be nicer and more unique, but the goal isn’t for you to like your house, but rather to get it to sell quickly. Avoid personal accents.

4. Consider painting your walls and redoing your floors. For a relatively small expense, it can really improve people’s impression of your house. Choose sophisticated, neutral colors.

5. The home should look gender-neutral to appeal to both men and women.

6. If you have large closets, open them so that people can see them. If you have a nice view, make sure the windows aren’t covered by shades.

7. If you have a small home, show the potential buyers how they can use all the nooks and crannies of the home to really maximize the space.

8. If you have a large home, then put an accent on how spacious it relaly is.

9. Make sure there are no odors from food, dogs or anything else.

10. Display the outdoor space and explain how it can be used by both adults and children.

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YouTube tips for real estate professionals

The following are tricks to help real estate professionals sell on YouTube:

1. Create video tours of the available apartments

2. Create testimonials from former clients on the service you provide

3. Create video tours of the neighborhood.

4. Create videos discussing real estate trends.

5. Create how-to videos for home buyers and sellers.

Now post these videos on YouTube and  share them on Facebook!

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Demand soars as supply dwindles in New York’s real estate market

The number of apartments available for sale in New York City dropped almost 35%, the steepest drop in a dozen years, while at the same time, the number of actual sales went up 6.3%. to 4,960 listings in the first three months of the year — the largest year-over-year decline in 12 years. Luxury brands in real estate, such as Trump and well-known properties along the Central Park have been particularly hard to acquire since the start of 2013, but the demand is higher even among the cheap apartments. In Manhattan, during the first three months of the year, prices went up 26.8% in the first quarter compared to the same period last year.

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World’s Most Famous Basketball and Hockey Arena’s $850 million make-over

The World most famous basketball and hockey arena, the Madison Square Garden has undergone an $850 million dollar make-over. The most expensive single building in Manhattan is now modern looking inside. Over a thousand men and women worked in multiple shifts to make the experience of basketball, hockey, boxing and music fans that much more enjoyable.

There are 20 new event-level suites, which are all under corporate contact already. “These are nicer and bigger than most Manhattan apartments,” remarked MSG president Hank Ratner.

The Garden management is hoping to attract sponsorship from major corporate sponsors like Acuvue Oasys.

The current Madison Square Garden was originally built in 1968 and was previously 1989-91. There were three other incarnations of the building which went up in 1879, 1890 and 1925. The New York Rangers began playing hockey in the third building the year after it was built in 1926. The Knicks joined them twenty years later.

Basketball and Hockey arena

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The danger of New York’s micro-apartments

In response to skyrocketing New York rents, Mayor Mike Bloomberg, who has gotten the city involved in everything from how much soda we can buy to
where to buy incense, has proposed to design  apartments under 350 square feet that would allow for a comfortable lifestyle. Critics have argued that while this may temporarily reduce prices, it would lead to the restructuring of much of Manhattan, particularly in those places where new apartment buildings may be put up. It may also lead to ever increasing prices.

The reason lies in the law of supply and demand: lower prices may lead to greater demand, which in turn would allow the landlords to charge more for micro-apartments and eventually, these micro-apartments may come to cost almost as much as full-sized apartments cost today.

When politicians try to do something, particularly to lower cost, they should remember that the law of supply and demand is nothing more than basic human nature that cannot be wished away.

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Manhattan’s West Side getting filled up

It used to be said that East Side is for the successful and the West Side is near-abandoned in some places. Not anymore. Since 1985, there has been a boom on Manhattan’s West Side, with 64% of the buildings built west of the 7th avenue coming up since that year.

Eighth Avenue now hold the largest concentration of the new real estate inventory in Manhattan, with the New York Times being one of many high profile tenants on that side of the island. The major neighborhoods on the West Side – Morningside Heights, Manhattan Valley, Upper West Side, Hell’s Kitchen, Chelsea, West Village, SoHo and Tribeca – have all seen an incredible amount of new construction with prices often matching and sometimes exceeding similar, but older buildings on the East Side.

West Side Stadium

The proposed, but rejected West Side Stadium.

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Median Home Price (Jan.-Feb. 2013)

The median price for a New York home sold in January and February was $1,061,250. Prices in the outer boroughs are significantly lower.

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