There is nothing like living in NYC but there is really nothing like owning in NYC! We love watching people buy and sell here dropping in and out of their lives as they buy bigger or smaller apartments as life stages change. We are lucky enough to witness so much joy typically at the end of this process. However, there are times when you need to sell and an owner is taking a loss. It can be a tough pill to swallow and we wanted to talk about it because it does happen. Today we are talking about selling at a loss, why this can happen, and if there can be a bright side when you sell at a loss, I say there can be a bright side (however I prefer to sell at a profit)! Nobody wants to lose money and timing is everything with selling. The closing costs here for sellers greatly impact the amount a property has to go up in order for a seller to make a profit but also the state of the market will affect profits as well. It can be a real hit to your ego if you are selling at a loss so think about if you really need to or not and what your motivation is for selling. Sometimes moving on is best and other times waiting but know if you do want to sell for a good reason you can’t always wait for the perfect market since nobody really knows when things will change. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

There is nothing like living in NYC but there is really nothing like owning in NYC! We love watching people buy and sell here dropping in and out of their lives as they buy bigger or smaller apartments as life stages change. We are lucky enough to witness so much joy typically at the end of this process. However, there are times when you need to sell and an owner is taking a loss. It can be a tough pill to swallow and we wanted to talk about it because it does happen. Today we are talking about selling at a loss, why this can happen, and if there can be a bright side when you sell at a loss, I say there can be a bright side (however I prefer to sell at a profit)! Nobody wants to lose money and timing is everything with selling. The closing costs here for sellers greatly impact the amount a property has to go up in order for a seller to make a profit but also the state of the market will affect profits as well. It can be a real hit to your ego if you are selling at a loss so think about if you really need to or not and what your motivation is for selling. Sometimes moving on is best and other times waiting but know if you do want to sell for a good reason you can’t always wait for the perfect market since nobody really knows when things will change. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

61 Selling at a Loss

The market is hot! Buyers are in bidding wars and losing out on properties. Sellers are pricing very high and it’s still going over ask. Everyone is stressed and it feels nuts, but then all of a sudden everything changes. Days on market seem to get longer. We see fewer bidding wars going on and no more lines at open houses. Properties are still moving but not as fast. Suddenly you realize your dream of owning is going to happen but now what do you do? There is nothing harder for a buyer or seller to realize and adapt to than a market that is in the process of changing, so now they need to change but how do you bid on properties in a changing market? That’s what we are discussing today. The one constant is that the market is constantly changing and sometimes you are the buyer or seller who happens to be transacted during the change. You have to realize and accept the market that you’re in and then act accordingly. Typically we brokers know what’s happening because we are in touch with other brokers and see all the signs of a changing market first. If you are a seller in a changing market that can mean a price drop and for a buyer that can mean not lowballing with your offer, but seeing the value of the property to you and in relation to the current market and if there have been price changes on it or not. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

The market is hot! Buyers are in bidding wars and losing out on properties. Sellers are pricing very high and it’s still going over ask. Everyone is stressed and it feels nuts, but then all of a sudden everything changes. Days on market seem to get longer. We see fewer bidding wars going on and no more lines at open houses. Properties are still moving but not as fast. Suddenly you realize your dream of owning is going to happen but now what do you do? There is nothing harder for a buyer or seller to realize and adapt to than a market that is in the process of changing, so now they need to change but how do you bid on properties in a changing market? That’s what we are discussing today. The one constant is that the market is constantly changing and sometimes you are the buyer or seller who happens to be transacted during the change. You have to realize and accept the market that you’re in and then act accordingly. Typically we brokers know what’s happening because we are in touch with other brokers and see all the signs of a changing market first. If you are a seller in a changing market that can mean a price drop and for a buyer that can mean not lowballing with your offer, but seeing the value of the property to you and in relation to the current market and if there have been price changes on it or not. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

60 Making an Offer in a Changing Market

They say you never get a second chance to make a first impression. Well, that rings true for your home. While most sellers don’t want to spend the money on staging if they’ve already moved out or are selling the home of a loved one who has passed it can mean big dollars in terms of what you can make on a staged apartment vs an empty apartment vs sometimes the furniture you already have. Many people have a hard time imagining a home without seeing actual furniture and staging allows buyers to see all the potential. Today we are talking about is staging worth it. Typically homes with staging not only show better but they give the buyer a dream vision of how the space in an ideal situation can look. They are professionally and beautifully done and often will make a home sell faster, for more money, and with many offers. Sellers often are hesitant to stage a property because it costs money but our experience has been it can pay big dividends. Listen to hear more about experiences with staged properties. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

They say you never get a second chance to make a first impression. Well, that rings true for your home. While most sellers don’t want to spend the money on staging if they’ve already moved out or are selling the home of a loved one who has passed it can mean big dollars in terms of what you can make on a staged apartment vs an empty apartment vs sometimes the furniture you already have. Many people have a hard time imagining a home without seeing actual furniture and staging allows buyers to see all the potential. Today we are talking about is staging worth it. Typically homes with staging not only show better but they give the buyer a dream vision of how the space in an ideal situation can look. They are professionally and beautifully done and often will make a home sell faster, for more money, and with many offers. Sellers often are hesitant to stage a property because it costs money but our experience has been it can pay big dividends. Listen to hear more about experiences with staged properties. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

59 Staging an Apartment: Is It Worth The Cost?

You are searching to buy a property. There is nothing on the market to buy and then suddenly you come across an apartment online. You can’t believe your eyes as the apartment is in a great location. However, then you notice the days on market and it says 372 days! What??? So then you ask yourself is the property overpriced? And then you tell your buyer maybe we can get it for a song? What’s the truth? There are many reasons why an apartment can be on for a long time. There can be access issues, a tenant in place that won’t allow showings, or a stubborn seller regarding price. If you see a property with a high day count that doesn’t mean it’s a bad property and it might be an opportunity for you to buy something special you just need to do your due diligence and ask questions to find out why. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

You are searching to buy a property. There is nothing on the market to buy and then suddenly you come across an apartment online. You can’t believe your eyes as the apartment is in a great location. However, then you notice the days on market and it says 372 days! What??? So then you ask yourself is the property overpriced? And then you tell your buyer maybe we can get it for a song? What’s the truth? There are many reasons why an apartment can be on for a long time. There can be access issues, a tenant in place that won’t allow showings, or a stubborn seller regarding price. If you see a property with a high day count that doesn’t mean it’s a bad property and it might be an opportunity for you to buy something special you just need to do your due diligence and ask questions to find out why. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

58 Bidding on a Dawg: Is It Overpriced or Just A Bad Apartment?

The time has come when you decide you’re going to put your property on the market and move on. Maybe you just got engaged or maybe you’re retiring and moving somewhere warm, but either way, you decide you want to sell. You look at the comps online and figure out what your home is worth and meet with your agent and decide on a price and then the day before you list you panic and think that price is too low my home is worth more and you decide you want to list at a higher price. Your agent has no idea where this is coming from but tells you it’s better not to price too high. Now, what do you do? If you’re working with an agent that you know and trust they’ve worked very hard looking at properties to figure out why they think a property should be priced at a certain number. You only get one chance to make a first impression and being priced properly out of the gate can help you get the most eyeballs on your property and give you the best chance for success. It is harder to play catch up on the market with price drops and that also increases the days on the market which never helps to maximize profits. At the end of the day, the market determines the price and pricing should be looked at as a tool to get buyers in. Understand the market you are in and then pick the best price based on numbers. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

The time has come when you decide you’re going to put your property on the market and move on. Maybe you just got engaged or maybe you’re retiring and moving somewhere warm, but either way, you decide you want to sell. You look at the comps online and figure out what your home is worth and meet with your agent and decide on a price and then the day before you list you panic and think that price is too low my home is worth more and you decide you want to list at a higher price. Your agent has no idea where this is coming from but tells you it’s better not to price too high. Now, what do you do? If you’re working with an agent that you know and trust they’ve worked very hard looking at properties to figure out why they think a property should be priced at a certain number. You only get one chance to make a first impression and being priced properly out of the gate can help you get the most eyeballs on your property and give you the best chance for success. It is harder to play catch up on the market with price drops and that also increases the days on the market which never helps to maximize profits. At the end of the day, the market determines the price and pricing should be looked at as a tool to get buyers in. Understand the market you are in and then pick the best price based on numbers. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

57 Pricing Low vs High: The Great Debate

Deals can be tricky, they can be frustrating but every now and then they can be incredibly easy, friendly, and fun. However, sometimes they can be a little bit too friendly for our taste. If you are a buyer or a seller one of the reasons you have a real estate broker is so that they can do all the talking for you to the person representing the other side. However, sometimes buyers and sellers start speaking with each other before the closing and it can jeopardize the deal. So today we are talking about why you should not communicate with the other side before you close. When buying and selling it’s a business transaction and while we want you to communicate with whoever is your broker and whoever is your attorney communicating with the actual person who is on the other side of the deal isn’t a great idea. It can cost you the deal or money. There are reasons to keep that wall up and today we are going through some possible scenarios. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

Deals can be tricky, they can be frustrating but every now and then they can be incredibly easy, friendly, and fun. However, sometimes they can be a little bit too friendly for our taste. If you are a buyer or a seller one of the reasons you have a real estate broker is so that they can do all the talking for you to the person representing the other side. However, sometimes buyers and sellers start speaking with each other before the closing and it can jeopardize the deal. So today we are talking about why you should not communicate with the other side before you close. When buying and selling it’s a business transaction and while we want you to communicate with whoever is your broker and whoever is your attorney communicating with the actual person who is on the other side of the deal isn’t a great idea. It can cost you the deal or money. There are reasons to keep that wall up and today we are going through some possible scenarios. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

56 Loose Lips Sink Deals

Often a thing of beauty happens here in NY. A buyer finds an apartment and a seller decides to sell it to them. The price is good for both sides and an agreement is reached quickly. As a broker, we send out a deal sheet with all the relevant information to both attorneys so that they can draft a contract so that the deal can get started. However, with a bad attorney things can come to a grinding halt, and sometimes they can kill a deal. You must have someone who works in the city and not someone from the suburbs because you want someone who is well versed in how deals work here. You want an efficient attorney who knows how to push a deal forward and knows what they are doing and they are well worth the money. You’re spending so much money already don’t cheap out on an attorney. Trust us!  Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

Often a thing of beauty happens here in NY. A buyer finds an apartment and a seller decides to sell it to them. The price is good for both sides and an agreement is reached quickly. As a broker, we send out a deal sheet with all the relevant information to both attorneys so that they can draft a contract so that the deal can get started. However, with a bad attorney things can come to a grinding halt, and sometimes they can kill a deal. You must have someone who works in the city and not someone from the suburbs because you want someone who is well versed in how deals work here. You want an efficient attorney who knows how to push a deal forward and knows what they are doing and they are well worth the money. You’re spending so much money already don’t cheap out on an attorney. Trust us!  Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

55 Why The Right Attorney is So Important!

You’re searching online for properties and you find something online pretty attractively priced. What’s the catch? Ah, it’s an estate sale. Often when working with buyers on estate sales there are some extra points to consider. Are there any downsides to buying an estate sale vs a typical resale? Is there anything else you should consider? Today we are going to go through what to consider when buying an estate sale. There are many things to consider and you want to make sure the estate has gone through probate before you start negotiating an estate sale. It will be in the contract and there is additional paperwork for the attorneys to deal with. As a buyer, you want to know how long the property has been empty to better understand what's working and what is not working. As a seller, you want to make sure you have all of the paperwork done that allows you to sell the estate. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

You’re searching online for properties and you find something online pretty attractively priced. What’s the catch? Ah, it’s an estate sale. Often when working with buyers on estate sales there are some extra points to consider. Are there any downsides to buying an estate sale vs a typical resale? Is there anything else you should consider? Today we are going to go through what to consider when buying an estate sale. There are many things to consider and you want to make sure the estate has gone through probate before you start negotiating an estate sale. It will be in the contract and there is additional paperwork for the attorneys to deal with. As a buyer, you want to know how long the property has been empty to better understand what's working and what is not working. As a seller, you want to make sure you have all of the paperwork done that allows you to sell the estate. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

54 Estate Sales: Are They Different?

You’ve been renting an apartment for a long time and now you have the opportunity to purchase it. You’ve been test driving the apartment for all these months so you think you know the apartment, but do you? This happens more often than you think that an owner will first ask their tenant if they want to purchase the home they’ve been living in. Today we are talking about selling your apartment to your current tenant or buying the apartment you currently rent. What’s the right price? Do you get a discount for all that rent paid and are they any downfalls? Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

You’ve been renting an apartment for a long time and now you have the opportunity to purchase it. You’ve been test driving the apartment for all these months so you think you know the apartment, but do you? This happens more often than you think that an owner will first ask their tenant if they want to purchase the home they’ve been living in. Today we are talking about selling your apartment to your current tenant or buying the apartment you currently rent. What’s the right price? Do you get a discount for all that rent paid and are they any downfalls? Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

53 Should I Buy The Apartment I'm Renting?

 Time flies when you’re having fun. It’s hard to believe that it has been a year since starting the podcast. We have grown our audience, and we are not sure if that is due to the two of us or the strong real estate market. Either way, we are happy to know that from listener feedback, our information is timely and topical.  Many of our listeners have fueled the topics we discuss, so keep them coming! What a difference a year makes! The topics were flowing, thanks not only to our sellers and buyers but also to our listeners too. It is true that no two days are the same, and that goes for the different topics we cover. We might do more than one episode on a specific topic but rest assured each situation (and outcome) will be different. That’s the thing about real estate, there’s always something to talk about. Looking forward to continuing the discussion. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

Time flies when you’re having fun. It’s hard to believe that it has been a year since starting the podcast. We have grown our audience, and we are not sure if that is due to the two of us or the strong real estate market. Either way, we are happy to know that from listener feedback, our information is timely and topical.  Many of our listeners have fueled the topics we discuss, so keep them coming! What a difference a year makes! The topics were flowing, thanks not only to our sellers and buyers but also to our listeners too. It is true that no two days are the same, and that goes for the different topics we cover. We might do more than one episode on a specific topic but rest assured each situation (and outcome) will be different. That’s the thing about real estate, there’s always something to talk about. Looking forward to continuing the discussion. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

52 One Year Anniversary Show: Our Best Advice for Buyers and Sellers

Buying or selling property in New York City can be stressful and frustrating, but it doesn't have to be. Things can go wrong, but they don't have to with the right agent. We are Denise Bongiovanni and Sharon Held, and we ARE “ The Real Estate Broads of New York." We have 30-plus years of combined real estate experience and we want to be your go-to-girl guides. Our years of negotiating, buying, and selling, coupled with our knowledge base of New York City, and what it takes to get a deal done is what we want to share with you. By empowering you with our knowledge, you are sure to get your questions answered and feel more at ease the next time you are buying, selling, or moving here. New York City is a special place and we love it! We want to help you own a piece of it and love it too.

You’ve listed an investment property and a buyer asks about creative financing. You make tons of money but you really don’t qualify for a mortgage with a bank because you don’t show everything you make. You want to get creative on the deal and make it work for you as the buyer so you ask about seller financing and the broker says…what??? Today we are talking about seller financing. What it is and what the possible scenarios are when it comes up. Sounds too good to be true. Your bank won’t lend to you but the seller will, what’s the catch? You can actually buy that dream home you finally found but be sure to read the fine print. Most owner financing will come with a higher interest rate to compensate for the extra risk that a seller will take on (not to mention the opportunity cost of not having those funds upfront). It is, however, another creative way to purchase a home if all the normal financing ducks don’t line up for you. When you think there are no more options to finance your dream home, seller financing may be the ticket. There are many variables to consider should you want to explore this option but it is most important to speak with an attorney and accountant to make sure this financing tool is right for you. The rate you are quoted by the seller will be higher but it may be the best option for you to own a home you love. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

You’ve listed an investment property and a buyer asks about creative financing. You make tons of money but you really don’t qualify for a mortgage with a bank because you don’t show everything you make. You want to get creative on the deal and make it work for you as the buyer so you ask about seller financing and the broker says…what??? Today we are talking about seller financing. What it is and what the possible scenarios are when it comes up. Sounds too good to be true. Your bank won’t lend to you but the seller will, what’s the catch? You can actually buy that dream home you finally found but be sure to read the fine print. Most owner financing will come with a higher interest rate to compensate for the extra risk that a seller will take on (not to mention the opportunity cost of not having those funds upfront). It is, however, another creative way to purchase a home if all the normal financing ducks don’t line up for you. When you think there are no more options to finance your dream home, seller financing may be the ticket. There are many variables to consider should you want to explore this option but it is most important to speak with an attorney and accountant to make sure this financing tool is right for you. The rate you are quoted by the seller will be higher but it may be the best option for you to own a home you love. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

51 Seller Financing: What Is It and How Does It Work?

You’re searching for an apartment and you continue to see this every now in the description and it says “sponsor apartment, no board approval”. It seems too good to be true but you wonder what is a sponsor apartment, do I own it the same I would any other apartment, once I buy it will it still be a sponsor apartment, and are there any cons to buying one. Today we are talking about sponsor apartments. There are many terms in the real estate world but one that has been bandied about for a long time is “Sponsor sale”. What does it mean and is it right for you? There is an upside to buying a sponsor unit, most popular is that it usually is a co-op and with a sponsor sale, there is no board approval. The downside is that there are additional costs to buying one. They are few and far between and most will need work. There are definitely pluses and minuses to a sponsor sale. Most considerations are financial such as paying closing costs that would ordinarily be paid by a seller. Second, the property most likely is coming off a rent roll and hasn’t been updated for years. The upside is that you get to make the property your own but more importantly, there is no board approval. One thing to keep in mind is that most likely the property will be a pre-war or older post-war building, not the new shiny penny dotting the skyline. They are a rare gem indeed. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

You’re searching for an apartment and you continue to see this every now in the description and it says “sponsor apartment, no board approval”. It seems too good to be true but you wonder what is a sponsor apartment, do I own it the same I would any other apartment, once I buy it will it still be a sponsor apartment, and are there any cons to buying one. Today we are talking about sponsor apartments. There are many terms in the real estate world but one that has been bandied about for a long time is “Sponsor sale”. What does it mean and is it right for you? There is an upside to buying a sponsor unit, most popular is that it usually is a co-op and with a sponsor sale, there is no board approval. The downside is that there are additional costs to buying one. They are few and far between and most will need work. There are definitely pluses and minuses to a sponsor sale. Most considerations are financial such as paying closing costs that would ordinarily be paid by a seller. Second, the property most likely is coming off a rent roll and hasn’t been updated for years. The upside is that you get to make the property your own but more importantly, there is no board approval. One thing to keep in mind is that most likely the property will be a pre-war or older post-war building, not the new shiny penny dotting the skyline. They are a rare gem indeed. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

50 Sponsor Apartments: Pros and Cons

It’s a hot market and there’s low inventory. You get a flyer every day in the mail from multiple brokers asking if you want to sell and that there are buyers lining up for your place. You will probably make a ton of money, but you still have to think about is this the right time to sell? It comes up all the time and clients ask us daily, should I sell now? Today we wanted to give you some of our insights on this topic so that if you are considering selling you can understand the logic behind our thinking on when is the best time to sell. It’s tempting. Everyone is doing it, maybe you should too. But selling your home is not a decision made lightly. There are many moving parts to moving and if you have your priorities in place then the decision to sell is that much easier to decide. One of the most frequent questions we get is “is it a good time to sell my home”. The best answer is “when it’s the right time for you.” You can’t time the market exactly but you can time your sale so all your objectives are met. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

It’s a hot market and there’s low inventory. You get a flyer every day in the mail from multiple brokers asking if you want to sell and that there are buyers lining up for your place. You will probably make a ton of money, but you still have to think about is this the right time to sell? It comes up all the time and clients ask us daily, should I sell now? Today we wanted to give you some of our insights on this topic so that if you are considering selling you can understand the logic behind our thinking on when is the best time to sell. It’s tempting. Everyone is doing it, maybe you should too. But selling your home is not a decision made lightly. There are many moving parts to moving and if you have your priorities in place then the decision to sell is that much easier to decide. One of the most frequent questions we get is “is it a good time to sell my home”. The best answer is “when it’s the right time for you.” You can’t time the market exactly but you can time your sale so all your objectives are met. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

49 It's A Hot Market, But Are You Sure You Want To Sell

You own a gorgeous loft downtown in NYC and decide it’s time to cash out. You have put everything into this property and figure this will be your big payday when selling. Now it’s time to pick a broker. There’s a broker who has been selling in the neighborhood for years who seems to get very high prices and then there is your good friend who works at a top firm so you ask yourself the age-old question…should I get my good friend who is also a broker to sell my apartment? Will this change our relationship and will it cause trouble? Choosing a broker is one of the top two things you decide, the other is price, when thinking about listing your home. This could be your biggest asset and you want the most capable person to handle your sale. It’s not a popularity contest but a business transaction. There are pros and cons to hiring someone you personally know and it’s important to discuss with your broker friend why or why not you are hiring them. A property will sell and you want to raise a glass with your friend in the end. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

You own a gorgeous loft downtown in NYC and decide it’s time to cash out. You have put everything into this property and figure this will be your big payday when selling. Now it’s time to pick a broker. There’s a broker who has been selling in the neighborhood for years who seems to get very high prices and then there is your good friend who works at a top firm so you ask yourself the age-old question…should I get my good friend who is also a broker to sell my apartment? Will this change our relationship and will it cause trouble? Choosing a broker is one of the top two things you decide, the other is price, when thinking about listing your home. This could be your biggest asset and you want the most capable person to handle your sale. It’s not a popularity contest but a business transaction. There are pros and cons to hiring someone you personally know and it’s important to discuss with your broker friend why or why not you are hiring them. A property will sell and you want to raise a glass with your friend in the end. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

48 Should I Hire My Broker Friend to Sell My Home?

Imagine this…it’s the day before or the day of the closing and you are so excited! Finally the day is here. You meet your broker at your almost new home for the walk through. To your horror you find a huge leak in the ceiling, or maybe find out a fire broke out above your unit the night before, or you flush the toilet and water is violently expelling out all over the bathroom floor, and the list goes on. These are some things we have witnessed at walk-throughs and inevitably the question comes up which is should I still close? While we are not attorneys today we are going to talk about what happens when major things come up at walkthroughs and give you our 2 cents on what to think about if this happens to you.   When a sale is close to the finish line is when tensions (and expectations) run the highest. You are close to finally getting the key to your new home and you want everything perfect or at least as perfect as when you signed the contract. When issues arise during a walk-through, there is a process for addressing whatever might come up. There are no hard and fast rules for this but depending on the situation will determine whether a closing should be postponed. Remain calm, this is what the walk-through is for. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

Imagine this…it’s the day before or the day of the closing and you are so excited! Finally the day is here. You meet your broker at your almost new home for the walk through. To your horror you find a huge leak in the ceiling, or maybe find out a fire broke out above your unit the night before, or you flush the toilet and water is violently expelling out all over the bathroom floor, and the list goes on. These are some things we have witnessed at walk-throughs and inevitably the question comes up which is should I still close? While we are not attorneys today we are going to talk about what happens when major things come up at walkthroughs and give you our 2 cents on what to think about if this happens to you. When a sale is close to the finish line is when tensions (and expectations) run the highest. You are close to finally getting the key to your new home and you want everything perfect or at least as perfect as when you signed the contract. When issues arise during a walk-through, there is a process for addressing whatever might come up. There are no hard and fast rules for this but depending on the situation will determine whether a closing should be postponed. Remain calm, this is what the walk-through is for. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

47 99 Problems at The Walkthrough - Do I Still Close?

It’s a seller’s dream. You list your apartment, your home is flooded with buyers and your broker tells you that there are multiple offers coming in. You go to a bidding war and your broker then tells you there are quite a few good offers but they are all very close so now we have to decide who to go with! That dream is becoming a nightmare as you want to make sure you pick the right one. So while it’s not as dramatic as Sophie’s Choice it is an important decision and today we are talking about how to pick the right offer so that you pick the offer that actually makes it to the finish line. When a property is first listed and the response is overwhelmingly positive, the initial reaction by any seller is “we priced it too low”. You had countless conversations with the seller prior to listing, explaining the comps and settling on a price that would attract buyers. Many sellers are so quick to mistake a property that is properly priced for too low a price. Have faith in the market (and your broker) and let it work its magic.  Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

It’s a seller’s dream. You list your apartment, your home is flooded with buyers and your broker tells you that there are multiple offers coming in. You go to a bidding war and your broker then tells you there are quite a few good offers but they are all very close so now we have to decide who to go with! That dream is becoming a nightmare as you want to make sure you pick the right one. So while it’s not as dramatic as Sophie’s Choice it is an important decision and today we are talking about how to pick the right offer so that you pick the offer that actually makes it to the finish line. When a property is first listed and the response is overwhelmingly positive, the initial reaction by any seller is “we priced it too low”. You had countless conversations with the seller prior to listing, explaining the comps and settling on a price that would attract buyers. Many sellers are so quick to mistake a property that is properly priced for too low a price. Have faith in the market (and your broker) and let it work its magic.  Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

46 Decisions! Decisions! How To Choose The Right Offer

Imagine this… you are the buyer, you fall in love with an apartment, make a bid, have it accepted but then you experience something called the slow down as the contract doesn’t go out quickly and the other side is as slow as molasses. On the flip side, you are the seller and you have a contract out but the buy-side is slow as molasses and they should have signed and completed their due diligence by now but nobody is signing or moving forward and you are in limbo. What is going on? Today we are talking about how in NYC multiple contracts are allowed to be sent out which means until you sign and give over a deposit it’s anyone’s game. But is it kosher to do this? Sometimes both a buyer and seller find themselves in this awkward place on how to move a contract forward. Sending out two contracts (to hedge a seller’s bet) may not be illegal but many think it is unethical, it can also be a dangerous move. Sometimes it is in the seller’s interest to originate a contract with another buyer but you really need to finesse this properly or you could end with all buyers walking away. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

Imagine this… you are the buyer, you fall in love with an apartment, make a bid, have it accepted but then you experience something called the slow down as the contract doesn’t go out quickly and the other side is as slow as molasses. On the flip side, you are the seller and you have a contract out but the buy-side is slow as molasses and they should have signed and completed their due diligence by now but nobody is signing or moving forward and you are in limbo. What is going on? Today we are talking about how in NYC multiple contracts are allowed to be sent out which means until you sign and give over a deposit it’s anyone’s game. But is it kosher to do this? Sometimes both a buyer and seller find themselves in this awkward place on how to move a contract forward. Sending out two contracts (to hedge a seller’s bet) may not be illegal but many think it is unethical, it can also be a dangerous move. Sometimes it is in the seller’s interest to originate a contract with another buyer but you really need to finesse this properly or you could end with all buyers walking away. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

45 Two Contracts, One Sale: How Kosher is This?

The market is hot so why would I pay someone when the apartment will sell itself. I know the property better than anyone. I’ve bought and sold my homes in other states so how hard can this be in NY? These are all the things we have heard from sellers who have decided to sell on their own. Last week we discussed why buying on your own is hard and this week we are discussing it from the seller’s point of view. In a hot market, it’s easy to think a property can sell on its own. Sometimes, this is true. However, in New York City, where 70% of the owner-occupied housing stock is co-ops, a hot market does not immediately turn into a quick sale. As a seller, you need to make sure that the prospective buyer is not only financially qualified but a good “fit” for the co-op (and sometimes condo) community. Can you as the owner/seller remain objective even when the offer is more than you anticipated receiving? There are no guarantees which is why you want a broker who is experienced and knowledgeable in the ways of a board application. You may think you know what to look for in a candidate but rules change over time and so does properly qualifying a buyer to ensure a successful sale. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

The market is hot so why would I pay someone when the apartment will sell itself. I know the property better than anyone. I’ve bought and sold my homes in other states so how hard can this be in NY? These are all the things we have heard from sellers who have decided to sell on their own. Last week we discussed why buying on your own is hard and this week we are discussing it from the seller’s point of view. In a hot market, it’s easy to think a property can sell on its own. Sometimes, this is true. However, in New York City, where 70% of the owner-occupied housing stock is co-ops, a hot market does not immediately turn into a quick sale. As a seller, you need to make sure that the prospective buyer is not only financially qualified but a good “fit” for the co-op (and sometimes condo) community. Can you as the owner/seller remain objective even when the offer is more than you anticipated receiving? There are no guarantees which is why you want a broker who is experienced and knowledgeable in the ways of a board application. You may think you know what to look for in a candidate but rules change over time and so does properly qualifying a buyer to ensure a successful sale. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

44 I Can Do This. How Hard Can It Be? Why You Need a Seller's Broker

“I like to do things my own way so I don’t need a broker. I have bought and sold 5 houses so I can do it on my own. I know how to negotiate. I will get a better deal without a broker. I’m in (name your profession) so I know how to do this.” These are some of the phrases we have heard about why people don’t want to work with us but today we are talking about why you should work with us and why these phrases and others sorta make us laugh. It’s a falsehood to think that a broker always wants the full commission for themselves, therefore putting you, an unrepresented buyer at the head of the pack. In a hot market, a busy broker needs to know that when an offer is accepted, the buyer will be qualified and the deal will close. It is the rule, not the exception that a broker would prefer to transact agent to agent. You might think you have an edge showing up unrepresentative but what could really be happening is that you sabotage any chance you may have in buying the property of your dreams. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to h

“I like to do things my own way so I don’t need a broker. I have bought and sold 5 houses so I can do it on my own. I know how to negotiate. I will get a better deal without a broker. I’m in (name your profession) so I know how to do this.” These are some of the phrases we have heard about why people don’t want to work with us but today we are talking about why you should work with us and why these phrases and others sorta make us laugh. It’s a falsehood to think that a broker always wants the full commission for themselves, therefore putting you, an unrepresented buyer at the head of the pack. In a hot market, a busy broker needs to know that when an offer is accepted, the buyer will be qualified and the deal will close. It is the rule, not the exception that a broker would prefer to transact agent to agent. You might think you have an edge showing up unrepresentative but what could really be happening is that you sabotage any chance you may have in buying the property of your dreams. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to h

43 Do I Really Need a Buyer's Broker?

Right now we are in a seller’s market in NYC. However, even in a seller’s market, there are some properties that are hotter than others. In speaking with each other daily Sharon and I have been discussing strategies on how we approach these hot properties with our buyers so today we are discussing what to do when bidding on a hot property and how you can become the one who wins. Chances are if you like property so do a boatload of other buyers. If an agent is properly plugged into the market, we as agents can anticipate a hot property right when it hits the market. We also have resources to confirm that so if it fits what you are looking for, we can quickly Engel the buyer before an offer is accepted. It does not always work, but you have a better chance of seeing the property and hopefully bidding if your agent (and you) can maneuver quickly. It is not a comfortable process but sometimes you have to experience a little discomfort to get what you want. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

Right now we are in a seller’s market in NYC. However, even in a seller’s market, there are some properties that are hotter than others. In speaking with each other daily Sharon and I have been discussing strategies on how we approach these hot properties with our buyers so today we are discussing what to do when bidding on a hot property and how you can become the one who wins. Chances are if you like property so do a boatload of other buyers. If an agent is properly plugged into the market, we as agents can anticipate a hot property right when it hits the market. We also have resources to confirm that so if it fits what you are looking for, we can quickly Engel the buyer before an offer is accepted. It does not always work, but you have a better chance of seeing the property and hopefully bidding if your agent (and you) can maneuver quickly. It is not a comfortable process but sometimes you have to experience a little discomfort to get what you want. Any other questions? Reach out to us at <a href="http://www.therealestatebroadsofnewyork.com" rel="nofollow" target="_blank">www.therealestatebroadsofnewyork.com</a> or you can email us at deniseandsharon@compass.com If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content. Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode, and let us know if you have any questions or topics for future episodes you'd like us to discuss. Not moving in or out of NYC but looking for help? Contact us!  We work with a large network of agents and we will help you find the perfect broad (or bro) to help.

42 Bidding on a Hot Property

The Real Estate Broads of New York

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