FHA Loan Articles

Manhattan homebuyers demand bargains, walk away — anything but overpay

7 ways homebuyers overpay. Homebuyers often undermine their own best interests and end up overpaying, many real estate agents say. First-time homebuyers, as well as those looking in a hot market.

Manhattan homebuyers are getting bolder these days, demanding bargains or walking away from deals in a market where inventory is swelling. In the three months through June, purchases fell 17 percent from a year earlier to 2,629, according to a report Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.