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Your Next Project Starts with Brownstoner
I agree with you chicken. Same reasoning behind the seller payer the broker fee not the buyer.
First, last, broker fee, hiring movers,yeesh. It’s a wonder people ever leave an apt.!
“Why is that? If you are living in publicly-subsidised housing, you should get what you are given. I know it’s a vote-loser if people are kicked out after they’ve been living for a while but surely a water view has always commanded a premium and therefore this would have been known about before the buildings were even put up.”
You can thank Robert Moses for that.
Chicken – When I lived in Shepherd’s Bush I paid directly to the landlord who had held a lottery for the lease – the only time I’ve won a game of chance. He had an ‘agent’ I could complain to if something were wrong but usually the agent told me to get it repaired & take it off the next week’s rent.
Not sure of much else then what you just stated about the UK chicken – but my thoughts:
For a while vacancy rates were so low in NYC that it turned into a competetion between tenants to find decent apartments (apartments basically rented themselves)
In a normal environment – it would seem its the landlord who should be competing over tenants, thus paying the broker fee.
“id feel like a poser.”
Now why is that? In many ways, Rob, you’d fit right in. Based on your comments on a variety of subjects (40’s furniture, cars, bodegas, etc.) you appear to have quite a lot in common with many of the people who live in NYC public housing projects.
“a ton of projects have fabu water views too.
Posted by: more4less at June 10, 2009 1:01 PM”
Why is that? If you are living in publicly-subsidised housing, you should get what you are given. I know it’s a vote-loser if people are kicked out after they’ve been living for a while but surely a water view has always commanded a premium and therefore this would have been known about before the buildings were even put up.
m4l – I’ve been playing with it this week & having no luck – all I get is NBC while I usually watch CBS & PBS. I have a couple of antenna boosters I’ve tried too. I phoned FCC who told me that PS is one of the worst places for over-the-air. She also said that getting a new t.v. wouldn’t do any better than the converter I have. I’ve just located an old roof antenna wire dangling down my bldg. & am about to see if that helps.
Sorry What, I have not “look at Manhattan”. After 5 years in Fort Greene I don’t want to leave and the market is very different from when I first started out.
Just wondering if anyone here has had any personal experience negotiating a lower fee in Brooklyn in this market. Trying to do the legwork before I actually start looking.
Okay, I have a real estate related question.
In the UK, it is the landlord who pays the broker fee. There are two models – 1) get a vetted tenant, get a flat fee, 2) enter into a maintenance contract where you give up a percentage of the rent and the broker is the tenants point of contact if anything needs fixing (although the landlord still pays for the repairs themselves).
Why is this not more prevalent in NY? One argument is that it will be factored into higher rents but rents are broadly comparable over here. It seems silly for the tenant to have to pay up front for the privilege of living in your apartment. What gives?