The Real Estate Broads of New York

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 [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 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 [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.

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 [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.

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 [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'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 [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 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 [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.

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 [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 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 [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'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 [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.

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 [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.