The Real Estate Broads of New York

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 [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…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 [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 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 [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… 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 [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 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 [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.

"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 [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 h

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 [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…funky light switches, red walls, mosaic tiling in the pattern of flowers, oversized chandeliers, granite floors…these are some of the design choices we have seen in apartments. The question then becomes should I keep them before I list or should I make the apartment less taste specific and a bit more generic to appeal to a wider audience. Today we are talking about how much you should renovate before you decide to sell.

Most sellers are reluctant to put any money into their apartments as they know they will be moving out soon. It is hard to believe that you need to do ANYTHING to your palace. It has been proven that a refreshed space will yield you a higher price. Your broker discusses various things you can do such as decluttering, staging, and in some cases bringing in the contractor for a facelift. There are many quick fixes a seller can make that won't break the bank but will give a fresh look to the space.

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: you have decided to sell your NYC apartment. You weren't sure if you were going to move out or not but have finally decided to make the big move. You contact your broker, look at comps, and think you've now priced your apartment right where it needs to be so that it can sell. It hits the market and your broker is flooded with calls and so many showings that your head is spinning. You go to a best and final and you get a great price. But as you are about to sign the contract you wonder, did I price my apartment too low?

Pricing an apartment is both an art and a science. You never really know how your price is going to be received until you list. You go back and forth with your broker on what to list it for. Come the first day of showing, the property is swamped with buyers. You should be elated but instead, you have a sinking feeling you may have priced the property too low. Fret not, the market is speaking to you and one buyer (if not more) sees the value and will step up with a strong offer.

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…every month a large check comes in the mail or is paid to you electronically without fail. It comes like clockwork and it's the easiest money you've ever made. On the flip side imagine that every month you expect a check and it doesn't come on time and you get phone calls and emails from the sender of this check. Welcome to being a landlord. Today we are talking about the joys and the heartache of being a landlord and helping you decide if it's right for you.

Being a landlord sounds great, especially as those monthly rent checks roll in but on paper, after you weigh all the expenses the returns may not look so hot. With the change in NYC rental laws, landlords are now only allowed to take one month's security deposit, it is more important than ever to make sure you sign up responsible tenants. However, as a landlord/owner you need to be prepared for rising costs and repairs. Unless the damage was caused by the tenant, the repair will come out of your pocket and eat into your return. Being a landlord can be a full-time job so be aware of your time and decide whether you want this added responsibility or farm it out to a professional who will take a layer of agita away- though it will cost 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.