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The Ultimate Guide to Buying and Selling Coops and Condos in New York City
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List Price:
$14.95
Global Home Business Price:
$11.21
Your Savings: $ 3.74 ( 25% )
Subject To Change Without Notice
Availability: Usually ships in 24 hours
Manufacturer: Nice Idea Publishing
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Average Customer Rating:   
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Binding: Paperback
Dewey Decimal Number: 643.12
EAN: 9780967924946
ISBN: 0967924944
Label: Nice Idea Publishing
Manufacturer: Nice Idea Publishing
Number Of Items: 1
Number Of Pages: 249
Publication Date: 2005-04-15
Publisher: Nice Idea Publishing
Studio: Nice Idea Publishing
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Editorial Reviews:
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A must-read for anyone thinking of buying or selling an apartment in New York City, The Ultimate Guide is clear, concise and packed with authoritative industry-insider information. The product of Bellmarc Principal Neil Binder's 26+ years of experience in New York residential real estate, the guide walks buyers, sellers and real estate brokers through the entire sales process. The third edition is newly updated for 2005! BUS054000
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Spotlight customer reviews:
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Customer Rating:
Summary: Good primer on the high-level process
Comment: The pros:
- This book describes the high-level buying process for condos and co-ops.
- Gives good overview of closing costs.
The cons:
- I later found almost all of the information I used in this book on-line.
- Advice is mostly high-level and generic. This info is still useful, however, if you're completely new (as I was) to the New York market.
- No advice on how to find recent comparable condo/co-op sale info in New York.
- Little to no advice on the negotiating process.
- The chapter on how to decide if it's better to rent or buy is completely stacked in favor of buying. For example, the author fails to mention the 6% broker's fee you're going to incur when you sell your place (unless you choose to sell it on your own). He also fails to compare buying a house (which he correctly notes is a highly leveraged investment) to the returns of similarly risky and leveraged investments in other assets (e.g. stock portfolios bought on margin). He also fails to mention how much money you're likely to have to spend updating and upgrading your home to be able to sell it for a price you're happy with.
- Much less advice regarding selling than buying (silver lining: knowing some of the advice the author gives to sellers - e.g. how to sell a dark apartment - can be useful to buyers as well)
Customer Rating:
Summary: The Book I Always Recommend To Friends
Comment: This book is short and to the point. If you learn and understand what's in here, you'll know more than 90% of the real estate brokers out there!
Walks you through the basics of the process, each step of the way.
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