Good Morning New York, Real Estate with Vince Rocco

What does a real estate agent do? Where to start. Trying to explain to the public how real estate agents spend their time is akin to explaining what a doctor or lawyer does all day.

A sponsor apartment is a unit owned by the original owner or corporation responsible for turning a building from a rental into a co-op.

Just because a seller accepted your offer to buy their apartment doesn't mean it's a done deal. Neither of you are legally bound until fully signed contracts have been delivered.

Developers remain optimistic about New York City's ultra-luxury market, though they admit the appetite for super pricey pads is now much more limited.

Buying an apartment requires a lot of time and effort, but what should you do to make the buying process manageable.

Good luck.

With sales inventory dropping significantly as median house prices rise, it’s becoming increasingly difficult to buy a home in the borough, according to new data from the real estate listings site StreetEasy.

Finding success in real estate requires more than simply buying low and selling high.

At least 30 U.S. billionaires made their money from real estate; some say that it’s the greatest way to create real wealth and financial freedom.

Buying an apartment in a co-op is an exercise in financial exhibitionism. A board combs through your bank statements, tax returns and testimonials and then, if you pass muster, grants you access to its cloistered world.

But sometimes it doesn’t.

So your broker has put in an offer on the apartment you really want to purchase and you’re waiting to hear back. Ideally, you would prefer that the listing broker directly engages your broker in a 1:1 conversation to begin negotiations.

On the heels of a big victory in the residential sales front, StreetEasy is now gunning for the rental market.