We’re half way through the year, and for buyers planning to make moves in New York City in 2025, it’s time to get serious. The market there moves fast and varies by neighborhood and type of residence, so you should work with NYC experts to get the ideal home (and deal) you want.
The New York Design Guide 2025 is full of astute real estate advice to help you along the way. Check out these buyer tips from the guide’s pages, and buy your copy to see more.
What should a client know before starting the search?
“Clients should know their budget, location, must-have features, and realistic financing expectations. Priorities typically crystallize and often shift once the search is underway and clients have a better understanding of what is available to them given their budget.” – Cathy Taub, Sotheby’s International Realty
“The client must know what they can spend. They should have spoken with their financial advisors and a mortgage broker if they intend to finance. Following these elements, they need to understand the market and the comps or enlist a broker they trust in possession of this knowledge and insight.” – Noble Black, Douglas Elliman
“Review property listings and compare them carefully. Remember, not all two-bedroom properties are the same. Some have additional amenities, elevators, or require walking upstairs. Understand why certain properties sell faster than others and follow those patterns. Have your agent guide you and provide you with the necessary information so that when it’s time to select your home, you’ll get the real value.” – Vickey Barron, Compass
When is the sweet spot for shopping for New York real estate?
“The sweet spot is to be the first in or the last out.” – Vickey Barron, Compass
“While we see the newest inventory in the Spring, opportunities for buyers exist in the slower summer months when there is less competition, and sellers may have grown tired of waiting.” – Cathy Taub, Sotheby’s International Realty
“The ‘sweet spot’ for buying NY real estate is really when the buyer is ready. That’s far more important than seasonality. It’s far more important that a buyer is able and ready to move quickly when they see the property they want.” – Noble Black, Douglas Elliman
“During August and the holidays when people are vacationing and there is less competition. It may not be a great time to list, but it’s excellent to buy. When they go vacationing, I go shopping!” – Vickey Barron, Compass