The Real Estate Broads of New York

Decisions, Decisions, Decisions. Some people are very decisive. Black and white. I love it. I hate it. They know what they want.  Others, well, can’t decide if their life depended on it. Well, what if their housing depended on it? Anyone who has decided to make a move will be faced with many decisions, and they start before you even open a door, so today we wanted to discuss how we help buyers with decisions and give you some tips on weighing options and how to think to hopefully save you time and help you with the big decision of moving.

Knowing your motivation for buying or selling is critical in moving forward. Sharon and I had worked with buyers and sellers who found it hard to pull the trigger either when they received an offer or when we found the perfect home. It typically comes down to not being clear on why you’re making a move in the first place. Understanding why you’re moving makes it easier to pull the trigger once you arrive at the decision point.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Imagine this. You come to NYC maybe 7 or 8 times a year due to work, and you start loving it here. Or maybe during college, you spent some time here, and even though you don’t live here now, you want to own. Or maybe you are working here, and you would instead buy vs. rent, but you’re not from the united states, and you hold your citizenship elsewhere. So now what? Can you buy something in NYC? We have helped buyers from other countries purchase condos, townhouses, and even co-ops, but there are some things you want to consider before you get started. So today, we wanted to give you a brief overview of some things to consider before you start your search.

Before looking at properties, you want to understand the tax implications for buying and selling in another country. It’s best to speak with an international tax accountant and an attorney so that you can understand the financial ramifications of owning in NYC. If you decide to buy in NY, it’s best to understand condos and townhouses will be the most specific properties to purchase. While you can buy a co-op, you want to make sure that they allow foreign purchases, and if it’s going to be a pied-a-terre, they also allow that. We have both helped plenty of foreign buyers purchase, so it’s possible, but it does require a bit more investigation at the start so that you know if it will make sense for you.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Happy New Year! We can’t believe it’s another year. Time flies, as you know, and before we know it, we will be in the Spring market. We thought it would be a good time to talk about getting your home ready if you are thinking about selling, what steps you should take first and how you can look at your property from a buyer's perspective.

Prepare, prepare, prepare! We think it’s essential to be ready before you list instead of just throwing a property up on the market and making changes as you go. You will never get a second chance to make a first impression, so make sure you put your best foot forward when listing. We recommend looking at the property through a buyer's eyes and what you might love. You want to balance your taste and what might appeal to most people. Go back to the basics, so a fresh coat of paint, clean windows, and a deep clean are great places to start before letting the first buyer in through the door. To maximize profits and keep days on the market low, you want to ensure your place shines from Day 1.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Imagine this…you live in NYC. You love living here (obviously), so much so that you shout it from the rooftops metaphorically. But then sometimes all of this love causes your friends/family/acquaintances to give you the good news that they are coming to visit, and then the sometimes not-so-good news is that they want to stay with you. It’s not that we don’t love you, but spaces can be tight, and building rules can sometimes be restrictive. Today we thought we’d talk about the tough challenges some people face with visitors and their buildings. 

It’s essential to understand the rules of your building. Typically, we see this happening in co-ops where they have rules and policies concerning whether guests can stay over without you present. Most condos do not have such rules, but it might be good to let the staff know if you have someone staying over without you. Most buildings make rules like this to avoid Air BNB and protect all other owners in the building. If you’re unsure of your building's policies, it’s best to find out before having guests.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

‘Tis the season to be jolly and also plentiful with cash. Sharon and I always advise and answer questions from our buyers, sellers, and tenants about all sorts of questions regarding real estate. One question always comes up regarding tips for the staff at this time of year. Many give tips right before the holiday, and some give them in the new year, but today we wanted to give our best practices for keeping the staff happy and helpful during the holiday season. 

You are giving out tips to show appreciation and thank staff for their service this year. It is in your best interest to tip the people who help you as expected, and many rely on these tips.

Tipping is not only in your best interest but also keeps goodwill for the coming year and helps you have good service. 

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. Let us know if you have any questions or topics for future episodes you'd like us to discuss.

Are you not moving in or out of NYC but looking for help? Contact us!  We work with an extensive network of agents and will help you find the perfect broad (or bro) to help.

Imagine this…you’ve decided you want to buy an apartment and are ready to pull the trigger. Your broker searches for you and comes up with many fantastic options. You excitedly go from one property to the next, and each one falls a bit short, but you keep looking, and looking, and looking! Nothing is perfect; nothing is just right. So now what do you do? In our years of experience, Sharon and I have worked with buyers who never stop looking, so today, we thought we’d talk about how to decide when to take a break from looking, regroup, and what steps to take next. 

While you always want to take your time with a purchase, looking relentlessly for the perfect apartment can waste time and money. There is no perfect apartment or townhouse that I have ever seen. It is good to have a wish list and know what you hope to have in your next home but always know you will need to make some concessions.  You should also understand your motivation for buying and how best to achieve and satisfy that need. So if there is a time restraint, you might decide do you want to pull the trigger on something or rent because you’re not ready. You might realize this is as good as it’s going to get within your price point, so does it make sense to save more money or move forward? These are all great conversations to explore with your broker so she can shed some light based on experience.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Today we want you to think back. Think back to the good old days of college when you were living with your friends and how much fun you had. The world was your oyster. Now fast forward that to today, and you decide you want to invest and make money on real estate in NYC, but what you want to buy, you can't afford. Why not buy it with your friends? It was fun in college, so won't it be fun now? Today we are talking about the unique situation of buying with people who aren't members of your family and what some of the pitfalls can be.

If you are going to buy with friends, you want to have an attorney outline an agreement for you so that you have everything in writing. From down payments to care of the property, expenses, etc. You also want to have a legal plan in place for when you sell. Understand that depending on the market you are buying in, buying with friends in terms of sellers wanting to take your offer vs. a couple or a single person might place you at a disadvantage; however it can be done. The most important thing is to have agreements in place at the beginning so that throughout the life of the ownership of the property, you will hopefully have fewer problems.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Imagine this… you have been studying the market during the best market for sellers anyone has ever seen in the history of the world. At least, that’s your interpretation due to all the prices you see in terms of closings in your building and neighborhood. You travel during the summer and then decide to list in the Fall. You wait, and then you wait a little bit more, and the property finally goes on the market. It’s priced for the market you’ve been watching, but nobody is coming, and you don’t understand why. Now that your broker wants a price drop, you dig your heels in and say no. Is that the best option? Today we are talking about price drops, why and when to do them, and how they can help you sell your property if that’s your goal.

Pricing is both a science and an art. If you have to drop a price, that is not easy either. Emotionally it can be hard to admit your property is not going to sell for what you wanted, but also how much you should drop it and how quickly it will sell after the drop. If you are considering a price drop, you should not only focus on what the new price will be but also on why you want to sell. Your motivation for selling might make it easier for you to stomach the price drop, and if you drop it to the right price, it will encourage offers.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Tomorrow is Thanksgiving, and I hope there are things we are all grateful for. One thing we hope you are grateful for is your broker. This might seem rather gratuitous, but as two hard-working brokers, we think that when you are working with a great one, they can help you not only help get your property sold and make the process as easy as possible. So today, we wanted to talk about how a broker can help you sell your home and why they are crucial to the process.

As brokers, we have boots on the ground. We constantly look at properties, speak with other brokers, and learn about the market in real time. That is incredibly valuable for a seller who is about to launch a property compared to just looking at numbers. You also want a broker who will be your advocate during a sale and help you through the process so the transaction can be as smooth as possible. Without working with a good broker, you might waste time, not sell your property, or experience too much stress while selling.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

NYC is an amazing town. We think it’s the best and there is no place else we would rather live. Many people choose to live here as their primary residence. Some buy as a second home here, and then some people believe so much in NYC that they decide to buy an investment home. Buying an investment property is different than when you buy something that you plan on living in, so today we wanted to talk about how it’s different, what to think about and how to make sure you invest in the right spot.

Owning an investment property sounds sexy and profitable but before you sign on that dotted line, be sure to sharpen your pencil, so you know exactly what your net return will be. If you are financing your purchase, today’s mortgage rates will put a crimp in your profits despite the healthy rental market we are experiencing today. Your fixed monthly costs are easy to estimate, but you should keep a percentage of your rent in reserve as repairs and vacancies can come up. 

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at [email protected].

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. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.