‘Million Dollar Listing’: Tyler Whitman Says Now Is the Perfect Time To Score A Great Deal on NYC Real Estate (Exclusive)

by Jeremy Spirogis
Tyler Whitman from

Tyler Whitman from Million Dollar Listing New York says the grim image being painted of New York City isn’t precisely correct and the town continues to be buzzing. It additionally would be the splendid time for longtime renters to lastly rating a previously pie within the sky dream property.

Tyler Whitman from 'Million Dollar Listing'
Tyler Whitman |Charles Sykes/Bravo/NBCU Photo Bank

“I feel like the actual New Yorkers are here right now,” Whitman advised Showbiz Cheat Sheet. “The people who really believe in it and the people who know that New York is the city that always makes the most epic comebacks. And this is something we have to make a big comeback from, don’t get me wrong. But you can already feel such a difference. All the restaurants are set up in the streets, it feels very European.”

“But it feels like there’s this kind of unity when you’re walking down the street,” he stated. “But honestly, real estate is very down and it’s very challenging, but there are actually a lot of buyers who are being brave and know it’s actually really smart to take advantage of these really good opportunities.”

NYC properties are shifting sooner than final season, Tyler Whitman says

Million Dollar Listing viewers seemingly recall that the brokers have been challenged by the market final season. Luxury properties weren’t shifting, usually sitting available on the market for lots of of days. “This is no joke,” Ryan Serhant from Nest Seekers revealed in an episode from final 12 months. “Homes over $4 million have an average days-on-market of 450 days. It has never been that way.”

Whitman says regardless of the challenges, the sport is seemingly simpler today. “I would actually say, I still feel like this year is easier than last year to work,” he remarked. “Because last year, the biggest issue was that the market had really, really slowed down. But sellers were not accepting the reality.”

RELATED: ‘Million Dollar Listing’: What Is Killing the NYC Luxury Housing Market?

“You know, they were not adjusting to the market,” he mirrored. “They were like, ‘OK, well, then I’ll just hang on because know it’ll be fine soon.’ Now, I think there are differences. It’s that like they’re like, oh, ‘OK, sh*t is going down. So I need to adjust.’ And it’s like the first time that people are actually reacting appropriately.”

Longtime renters can rating a tremendous deal

Whitman says most of his patrons are longtime renters who hoped to be householders however may by no means afford property within the metropolis.

Buyers can uncover well-priced gems they wouldn’t have discovered pre-COVID. “You do have to price really aggressively, but as long as you’re priced correctly, things are getting attention and things are selling,” he stated.

Whitman additionally described the regimented course of patrons and brokers should endure earlier than viewing a property. Buyers should full kinds and buildings have strict rules on the variety of folks viewing the property at one time. The days of lavish open homes usually seen on the present are on pause for now.

However, events and gimmicks don’t appear to be wanted. New York brokers returned to work on June 22 and Whitman’s staff has signed 39 contracts in lower than three months. “Which is huge for us,” he defined. “We sold 50 apartments all year last year. So to do almost last year’s volume in the last two months is telling.”

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