The Ultimate Guide to Buying and Selling Coops and Condos in New York City [Paperback]

Neil J. Binder (Author)

Book Description

Publication Date: April 15, 2005

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

Editorial Reviews

Review

"This is the best real estate book I've ever read. I'm recommending it as a "must" to all my students." -- Esther Mueller, Real Estate School of New York founder., Feb. 2001

This readable, informative handbook is a crash course in the essentials of buying or selling in New York. -- New York Living Magazine , March 2001 --This text refers to an out of print or unavailable edition of this title.

About the Author

NEIL BINDER

A native of New York City, Neil Binder is a 1976 Honors graduate of Syracuse University and holds a Master of Business Administration degree specializing in the field of Finance from New York University. In 1979 he co-founded the Bellmarc Companies and has continued in the capacity of Principal and Co-owner since that time. Bellmarc is known in the industry for its extensive training program, which was developed by Mr. Binder. Currently, the company is one of New York City’s largest residential brokerage firms with seven offices and over 250 full time sales associates. He is licensed in the State of New York as a real estate broker, mortgage broker, insurance broker and certified public accountant. Mr. Binder lives in Manhattan and is married with two daughters. He is currently working on his second book entitled “The Art of Selling: A Scientific Approach.” --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 249 pages
• Publisher: Nice Idea Publishing; 3 edition (April 15, 2005)
• Language: English
• ISBN-10: 0967924944
• ISBN-13: 978-0967924946
• Product Dimensions: 8.8 x 6 x 0.3 inches
• Shipping Weight: 12.6 ounces
• Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #614,886 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

2.0 out of 5 stars Good primer on the high-level process, April 15, 2007

By 

Paul "Brooklyn apartment hunter" (Brooklyn) - See all my reviews

This review is from: The Ultimate Guide to Buying and Selling Coops and Condos in New York City (Paperback)

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)

1 of 1 people found the following review helpful:

5.0 out of 5 stars The Book I Always Recommend To Friends, November 27, 2006

By 

David Joerg (New York, NY USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: The Ultimate Guide to Buying and Selling Coops and Condos in New York City (Paperback)

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.