Why Work With a Real Estate Broker

A Broker can be your most valued asset in the home buying process.

1.       How does working with an agent benefit you?

  • It saves you time
  • It makes you a more informed buyer
  • It allows you to be more competitive in a constantly shifting market
  • It helps you navigate through the complicated process of acquiring a home in New York

2.       Should you have one agent from each real estate company so that you don’t miss any properties?
The Corcoran Group cooperates (co-brokes) with most NY agencies, sponsors, and even directly with owners. One call to Joseph and his team can get you the information you need on all the properties in which you are interested

3.       What about other companies’ exclusives? How can I see them through you if they are not your exclusives?
An exclusive listing means that the seller of the property is represented exclusively by his or her selling agent. You, as a buyer  represented by Joseph, can see that property and he will make all the arrangements to view it. Since all exclusive listings are co-broked, you will not be missing out.

4.       What about Sunday Open Houses?
A great way to see many properties in one day is by going to Sunday open houses. If you like looking on Sundays, Joseph will gladly register you for the open houses you would like to attend. When you visit each property, kindly sign in with your name, as well as Joseph’s name and phone number. This way you will be represented in the event you want to make an offer on anything you have seen. 

5.       How do I know Joseph won’t miss any properties?
Corcoran has one of the largest data bases in New York, updated daily with properties from every real estate firm in the city. If you would like to be actively involved in the searching process, Joseph would be happy to work with you as a team. Real Estate is everywhere from the internet, to magazines and newspapers to television shows. Unfortunately, listings online and in print are not always accurate, so email Joseph whatever you find and he will confirm details and availability and make appointments for you.

6.       If I am going to do the work, why do I need an agent?
Joseph has a more extensive and up-to-date database than one will find on the internet. Joseph will often receive new listings, price reductions and status before the public has access, giving his buyers a competitive edge in the market. Don’t waste time calling listings that are already in contract or sold. One phone call to Joseph will get you the timely information you need.

7.       Buying an apartment is expensive. Do I need to pay my agent?
Absolutely not! Sales commissions are paid by the seller, not the buyer. When a property is co-broked, the commission is shared between the selling agent’s company and the buying agent’s company. There is no out-of-pocket expense to you. Working with Joseph is free!!

8.       Once I find the perfect apartment, what do I do?
Finding your dream home is the easy part. Once you are ready to make an offer, you will really begin to depend on Joseph’s expertise. Joseph will

  • Find the right mortgage agent to arrange necessary financing
  • Put together a strong offer package to be competitive in the market
  • Negotiate the price and terms of the sale
  • Find the right attorney to represent you
  • Assemble the best possible board package to qualify you for acceptance
  • Coach you for the board interview
  • Prepare you for the closing

Joseph DeLorenzo and The Corcoran Group are full service operations. We believe in giving nothing less than complete service to our buyers. In return, we ask you to communicate with us to create a loyal, trusting, and long-lasting relationship.

In exchange for your loyalty, you can always expect Joseph to be

  • Knowledgeable: always abreast of NYC real estate
  • Accessible: just a phone call away
  • Available: ready to arrange showings around your schedule
  • Hard-working: eager to search for properties until the right one is found!

CONTINUE READING… Advantages to Home Ownership

Contact Joseph R DeLorenzo – jdelorenzo@townrealestate.com or 646-244-8555

The Skyline is Changing Again

220_exterior.jpgCurbed.com came out with some great coverage on the ever-changing skyline!

The Extell-Vornado catfight over 220 Central Park South finally ended last year, paving the way for Vornano’s long-talked about plan to tear down the structure and erect condos in its place—and oh, what condos they will be. An angel tipster spotted renderings and a detailed video of the future Robert A.M. Stern More

Outside its Cold (-5°); at least the Market is Hot. Q4 Report came out today

Q4 Report thumbnail.2Today it was -5°, with the wind factor in NYC; but at least the NYC Real Estate Market is Hot. Again, my apologies for such a cheesy headline, but how could I resist?

Regardless, our Q4 New York City Real Estate Market Report just came out, and here are the key takeaways:

  • Low inventory: available residences in Manhattan decreased in number for the twelfth straight quarter (three years).
  • Demand is aggressive and on the rise: more contracts are being executed now than at the same time a year ago, a trend that has been ongoing for eight quarters (two years).
  • Short supply and high demand meant higher prices: the price per square foot in Manhattan reached $1197, a five-year high (just 5% off the all-time high of $1261 in Q2 08)
  • New development sales are pumping up luxury sales and resulting in dramatic price gains at the high end.

Q2 Corcoran Report

Q2 2013 Market Report schreenshot

Q2 Corcoran Market Report just came out and the key findings are:

1. Market activity continues at six-year high.  More closings and signed contracts took place than in any other quarter since 2007.

2.Inventory continues to decline.  There have been nine consecutive quarters of diminishing inventory – a 52% drop since the Q1 09 peak.

3. Prices increased by 5% (ppsf) over a year ago, thanks largely to increasing value in the condominium market.




My recent Loft Sale with Tin Ceilings Featured on CNN Gallery

middletonMy recent Loft Sale at 108 Reade Street in Tribeca was featured on a CNN Gallery highlighting home decor. The Blue Tin Ceilings were some of the most unique I have seen!


If you forget your keys, now you can simply go to 7-11 and have a digital copy made!

Can’t wait to see these start sprouting up… What a crazy idea and what will they think of next! – JD

In olden times, people actually knew their neighbors, interacted with them on a regular basis, and stored spare keys with them. This never happens anymore now that human relationships are passé. Which is why, starting this week, KeyMe kiosks — which keep a digital file of your key and can cut you a new one when you get locked out — will begin popping up at 7-Elevens around Manhattan.