The Real Estate Broads of New York

You've been looking at properties for the last six months and now you have found the ideal home. You are so excited as you receive an accepted offer and you're already figuring out what to get rid of and what to move to your new apartment before you've signed the contract. Your broker is happy but tells you not to pop the champagne bottle too quickly as anything can happen between an accepted offer and a deal being signed and then the worst happens you find out the deal has fallen apart. In this very changing market, we are in right now deals are not always making it to the finish line so we wanted to talk about what to do when this happens.

As a buyer it's very hard to go from an accepted offer to this deal isn't happening anymore and the apartment is now in contract with someone else or hearing that the sellers don't want to sell anymore. Emotionally it can be hard and you will probably feel as though you've wasted time. This is why as agents we don't get too excited until there is a signed contract in hand because anything can happen between an accepted offer to contract.

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, 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 Broads needed a break so we are re-releasing an oldie but a goodie about what a board interview entails. We will be back next week with new content and more great information.

New York City is a unique place to buy real estate. Most of the housing stock are co-ops that require a buyer as the last step in the sales process to be interviewed by your neighbors known as the board. Hence, the dreaded "board interview" where buyers often have to grovel, donate their firstborn, or don an outfit that does not involve yoga pants. You may have heard horror stories about this. Well, we are here to tell you, they are all true. You've gotten this far with one more hurdle to go. Do you make it to the finish line?

We're talking about what to expect when you go before a co-op board for the interview in order to purchase the home of your dreams. Some questions are mundane, others can be off-putting. We'll prepare you for the unexpected and make sure you nail that interview.

A few things to remember is that you will need to be prepared for anything, dress casual is best, don't ask any crazy questions, and get ready to be your most boring self who will happily answer questions with the end goal in mind. The goal being to get that approval from the board so that the next step is to close!

These are the tips and tricks you can learn when you're working with a great agent who is going to get you through the process.

If you have any other questions about the board interview or anything else please reach out to us at www.therealestatebroadsofnewyork.com

or email us at [email protected].

Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, and Spotify 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.

There are many choices to make when buying. You want to consider location, size, a building with amenities vs one without and renovations. Thinking about if you want to renovate or not is a big decision as it will determine what you'll see and spend. There are major price differences and you will most often get a better deal when buying something that needs work, but do you have the time and bandwidth to handle renovating in NYC? Trust us, it's not for everyone! Today we are talking about buying renovated vs unrenovated and what makes the most sense.

When looking at properties it's great if you have already thought through if you want to renovate or not. There is a big difference between a gut renovation and just doing maybe a bathroom. However, it's much more complicated to renovate in NYC due to permits, time constraints, neighbors to think of, and building rules. If you are going to renovate it's going to cost you time and money and you need to consider that you will have to carry two places while doing this and you need to be ready to expect the unexpected. If you prefer to buy a property that's completely done know there will be more competition on that property but in the end, it might be easier 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, 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.

We all know change is inevitable and we would say that change is not always a bad thing. Right now no matter where you live change in the real estate market is happening and the one thing that has always rung true even when change might seem bad is that it gives us opportunity. One of the opportunities right now is in new development, so today we wanted to talk to you about buying new development and how to use this changing market to your advantage.

Many buyers are under the impression that new development is more expensive than resale. Although this can be true with certain properties, what guides a seller in this case the sponsor is very different than what guides a seller in a resale market. They are under pressure with bank loans and deadlines so they may be more amenable to making a deal. Sponsors have to hit certain deadlines imposed by the banks. There is a lot of leverage riding on the property and potentially they could have other projects going on at the same time. All of this can serve you well when trying to make a deal. The deals are out there so figuring out creative ways to make a deal that is good for you is where you need to start.

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, 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.

What goes up must come down and that includes just about everything including the real estate market. In NYC and all across the US we just experienced a very hectic and crazy seller's market, but eventually, that ends and when it does eventually we see it evolve into a buyer's market. A buyer's market comes on due to many different reasons besides supply and demand and right now part of that is happening due to mortgage interest rates going up. As of today when this podcast was recorded interest rates are at 5.75 and now buyers are asking with rates so high should I still buy? Today we are talking about if there are still advantages to buying even with rates higher than they have been in the recent past.

There are different ways to consider what it means when rates go up but one thing to remember is typically that means prices go down. You can always refinance when rates go back down and if you are a cash buyer it's a great time to take advantage of lower prices. One thing to remember is that with rates going up and potentially your monthly payment going up it may affect your debt to income so you would want to consider that if you are buying a co-op.

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, 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 after going through one of the most insane markets as of late you are finally in your dream home here. NYC ownership has become a reality and you're now looking at furniture, artwork, and how to best set up your new space. But then suddenly your dream is interrupted by a toilet that explodes, a piano playing at all times of the day from the below neighbor, a pigeon situation in your outdoor space, a leak from who knows where and the list goes on. Today we are talking about what to do as an owner when something is going wrong in your new or not-so-new home.

It's important to note that the reason we stress having a good attorney when you purchase is in case the problem is really a big one then you might need to bring your attorney back in to help you. However, often problems are just the ordinary ones that require management, maintenance, or speaking to a neighbor. Living in buildings with multi-unit dwellings stuff does come up so it's best to take it one step at a time to see where you go next if a problem arises.

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, 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 watched it on TV and seen it in the movies. You have dreamed your whole life of it. Then one day that dream is going to become a reality - you're moving to NYC! Maybe your job is moving you, or you have fallen in love, or you are just taking the plunge however when you open the internet to check out homes and you're in shock! You can't believe the cost of housing here. For the same price of buying a home here, you could probably get a mansion with a butler and staff for a similar price. So now what do you do? Do you give up on your dream or do you get to call yourself a New Yorker? We allow you to do that after living here for 10 years.

Budget and space are the major concerns of most people moving here. Then you want to think about why are you moving here? If it's to enjoy the city then you are in luck as it's the best one we know of. If it's for closets and multiple living rooms this might not be the best spot. Once you start looking at properties based on budget and how you want to live you'll get a better idea but go in with your eyes open knowing that you probably will have less space than you would outside of NY.

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, 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 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, 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 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, 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 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, 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.