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aptsandlofts.com

Stage

Acquired | Acquired

About aptsandlofts.com

aptsandlofts.com is a real estate brokerage, rental and new development marketing firm with a strong presence in the brooklyn borough.

aptsandlofts.com Headquarters Location

482 Driggs Avenue

Brooklyn, New York, 11211,

United States

718-384-5304

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Latest aptsandlofts.com News

Real estate is gearing up for a second lockdown

Nov 25, 2020

Aptsandlofts.com Rumors of a second round of shutdowns are sweeping the city and brokers and agents are already making the necessary preparations to keep deals in the pipeline moving. After the real estate industry was put on pause for three months earlier this year, it emerged with a whole new set of safety precautions to keep homeowners, agents and buyers safe. Open houses were by appointment only, everyone entering a property had to be masked and agents started a new trend of posting videos tours of their listings. Though the restrictions eased up a bit during the fall season with New Yorkers becoming more comfortable in their new Covid-19 environment, agents say they’re bringing these practices back in full swing ahead of a potential shutdown. Related Articles “We now have the uncertainty drawn out,” said Christopher Totaro, an agent at Warburg Realty. “We are all wondering when or if another lockdown is coming.” The first one was an experiment in navigating real estate through a pandemic and helped the industry realize what worked and what didn’t, said Lindsay Barton Barrett, a Brooklyn-based Douglas Elliman broker. To prepare their businesses and their clients, realtors are making sure their video tours are up to date and keeping in close contact with their clients about how to move forward if the city shuts down. Andrea Wernick, also a Warburg Realty agent, is already shooting a video of a new Park Avenue property she listed. “The photos are already fabulous, but the video will be perfect for buyers to view the apartment while sitting in their homes during a lockdown,” she said. She’s also advising sellers who are about to list their homes to wait until the spring when a vaccine might be out. For the apartments she already listed this fall, her sellers are going to hold tight until the lockdown is over. Even with the best videos, however, it’s going to be tough to sell homes if real estate gets the red light, Barrett said. “People are not buying things that they don’t see,” she said, though it's more likely they would rent an apartment without visiting it first. Sellers she works with are also increasingly cautious with cases surging in the city and requiring agents and potential buyers to sanitize their hands before coming in. The Real Estate Board of New York had published a detailed set of safety guidelines for agents to follow once the city entered the second phase of reopening in June, which included sanitizing apartments before and after showings and not allowing visitors to touch cabinet handles. Not every agent followed them as closely as REBNY may have liked, said Barrett, but people are filling out the Covid-19 questionnaires, wearing masks to showings and social distancing. If a lockdown were to happen, the timing wouldn’t be so bad, Barrett said. “This is the time when things would naturally be more quiet anyway,” she said, adding that activity is generally lower from Thanksgiving through the end of February. In any case, a lockdown would be bad news for real estate. It’s not about having protocols in place, but about whether people are comfortable going outside, said Warburg agent Mihal Gartenberg. “Should fear take hold again, real estate will see a major dip in activity,” she said. But like it did last time, the industry will take best practices into account and do its best to make deals, sell homes and navigate a dangerous time, realtors say. “I think the overall New Yorker attitude is one that Winston Churchill promoted during World War II, which is ‘keep buggering on,’” said Totaro. “Even though we got bombs dropped on us last night, this morning we are going to pick up the bricks and clean the rubble.” RECOMMENDED FOR YOU

  • Where is aptsandlofts.com's headquarters?

    aptsandlofts.com's headquarters is located at 482 Driggs Avenue , Brooklyn.

  • What is aptsandlofts.com's latest funding round?

    aptsandlofts.com's latest funding round is Acquired.

  • Who are the investors of aptsandlofts.com?

    Investors of aptsandlofts.com include Citi Habitats.

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