HGTV'S "Selling New York": Episode 9

Last Updated May 14, 2010 5:50 AM EDT

HGTV's "Selling New York" Episode 9:

Episode Description: Suddenly, customers become aware of budgets.

"Selling New York," the HGTV series, moves to its ninth episode (airdate Thursday May 13), and suddenly customers become aware of budgets (you were wondering when it would happen, weren't you?).

This episode features three stories instead of two, which makes it hum along a little faster. There's Elyse, the theater person who bought a fancy new penthouse condo, but wants to dump her old co-op to help pay the mortgage; Matt, the in-contract buyer at a new Manhattan condo who wants to know if he should walk away from his deposit now that the market's down, and Carolyn, the buyer with a wish list a mile long but a budget that's only half that.

The Core Group's Maggie Kent is stuck with the difficult job of persuading her seller that a one-bath triplex isn't worth what she wants to sell it for. She finally decides to call in the cavalry, in the form of four other brokers who all provide opinions as to what the place should list at.

Matt, meanwhile, is a in-contract buyer at the Brompton, an Upper East Side luxury building that was all the rage in 2008, but then sent buyers into rages after Lehman crashed and Manhattan real estate prices dropped.

The situation got so bad (did I mention that I'm a Manhattan agent?) that batches of buyers organized in an attempt to renegotiate their contracts.

Fast-forward to 2010 (or possibly late 2009, since everyone's wearing warm clothes in the episode) and the real estate market in NYC had recovered, but Matt still wanted to run around with his agent, Gumley Haft Kleier's Sabrina Kleier Morgenstern, to see if he wanted to close on his Brompton place or look elsewhere.

Will he or won't he?

The third story, and possibly the easiest to relate to, is that of Carolyn, whose wishes exceed her wallet. I won't make the "champagne tastes/beer budget" joke because her budget is $2.5 million, but her tastes do run to $3 million apartments. Laurel Rosenbluth of Gumley Haft Kleier tries a couple of familiar tactics, including the "here's everything on your wish list except one thing" and "here's everything on your wish list, can you spend a little more money?"

The properties in this episode aren't quite as glamorous as in previous shows, but this episode will give viewers a dose of reality as to how many New Yorkers actually live.

Featured Properties: A Gramercy Park exposed-brick triplex (the show's first co-op, I think); 25 Murray, a.k.a. "Tribeca Space"; the Brompton; Sutton 57.

That's my take, what do YOU think? Feel free to post comments below.

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  • Alison Rogers

    Since graduating from Harvard summa cum laude, Alison Rogers has been a reporter, an editor, a real-estate agent, a Wall Street desk jockey, a columnist, a failed flipper, and a landlady. A member of the National Association of Realtors, she currently sells and rents luxury co-ops in Manhattan for the Chelsea-based firm DG Neary. (If you've got $27,500 a month, the firm has an apartment for you!) Her book, Diary of a Real Estate Rookie, was called "a valuable guide for rookie buyers" by AOL/Walletpop, "beach-read fun" by the New York Observer, and "witty" by Newsweek.