The Real Estate Broads of New York

Right now we are busy in NYC and there is a serious lack of inventory for both buyers and renters. In terms of the inventory, NYC is 70% rentals so this is definitely a renters town, but right now a good rental is very hard to find as everyone has been moving back. If you find yourself unable to find an apartment right now as a buyer you might have to consider renting for a year. So today we are talking about renting in NYC, what you need to know, what you should have prepared, and how to qualify as a tenant.

Most people who live in NYC choose to rent as opposed to buying. With inventory at a low (think needle in a haystack) you need to be ready to pounce on that great rental that you've just found. This means having all your paperwork ready to go including a personal bio that separates you from all the other people vying for the same property. Listen to this week's episode to learn more about being prepared.

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 a wheeler and dealer and own an investment property that has had a tenant in place for a while and now you've decided it's time to sell. The only glitch is you just signed a 2-year lease with the tenant and then realized you wanted to sell. So now what do you do? What are the advantages and what if any are the pitfalls? Today we are talking about selling with a tenant in place and how to still maximize profits. As an owner/investor there are many steps to consider before you decide to sell with a tenant in place. First, it's important to have a conversation with the tenant to make sure they are on board with allowing access. Usually, this is all stated in the lease that was signed, so it should not come as a surprise. It's always a crapshoot what the apartment will look like when shown. It may not be a stager's delight but you can only pray that it will be neat. The buying pool of other investors will be smaller than the general public but marketing to the right audience could yield a like-minded buyer. 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 been searching in NYC for an apartment and finally find the one you tell everyone your new address and go through the long arduous process of the board application and now all you have left is the board interview. On the flip side imagine you have decided to list your co-op and a buyer walks in and bids over ask. Your team quickly scrambles to secure this deal and finally submits the board package. Now all you have to do is wait for the interview to come and go and then you can close. Both sound like ideal scenarios, but what happens when that final step results in a board rejection! Today we are talking about board turn downs and what to do next.

The way the NYS laws are written today, a co-op board does not have to give a reason for turning down a prospective buyer so you better make sure that board application is ironclad. You vet the buyer under a microscope however both the buyer and seller's agent's nightmare can come true. You can get rejected. If so you might appeal to the managing agent, write a letter to the board and in some cases, decide to hire an attorney to put pressure to hopefully reverse the decision.

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 a secret that every owner in NYC knows or at least they should know and it's that owners do not control the buildings. So if it's not the owners then who could it be…Supers! Supers are one of the most important people in the building in terms of keeping the building running smoothly and either getting one of their staff to fix something in your apartment or in smaller buildings doing it themselves. Today we are talking about supers in buildings, how to start off on a good foot with them, and how to maintain a relationship so that while you live in your building you get the service that you deserve.

You can't live without them, you really can't. The super is the first chain of command when it comes to running the building so you always want to stay on their good side and tip accordingly. Want that toilet unclogged or your renovation to go smoothly, you need to keep the relationship friendly. They know your apartment inside and out so don't hesitate to lean on them in times of need. It is often said that the super will quickly become another family member who actually knows how to fix stuff!

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 living in NYC for quite some time or maybe you always just love coming here at every chance. Either way, you have decided you want NYC to be either your primary or second home and decide to start looking. You have searched online for a while and know exactly where you want to live and what you want to spend. You start looking at properties and then apartment after apartment you find that there are multiple offers or properties going to a best and final immediately. You realize if you're going to make this dream a reality of buying a home you will have to make a decision in a very pressure-filled market. Today we are talking about how to keep your head together and get that apartment when you hadn't prepared for this emotionally.

Buying or selling real estate in New York City is not for the faint of heart, some might even call it a contact sport. With the advent of the internet, home shopping has never been so accessible to so many. With a limited supply of properties (we do all live on an island), there will be many chasing after those rare offerings. Working with a knowledgeable broker either on the buy or sell-side will help guide you through the process and help alleviate some of that stress.

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're in your apartment and about to take a long-awaited nap when suddenly you hear a piano playing…badly. Or imagine hearing a loud bang every few minutes and it feels like your ceiling is going to cave in. You also might've experienced very thin walls that are a bit too thin at times…Today we are talking about noise and NYC and why almost everyone we know wants a quiet apartment in the middle of this crazy place and what you should think about when your search parameters insist on a quiet abode.

Fear of the unknown is experienced by most but when purchasing a home, fear of unknown noise can become a major focus. Noise is subjective and it is hard for any broker to illustrate the noise level of an apartment but there are ways to mitigate some of your concerns. From City Quiet windows to soundproofing to good old carpet.

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 you find out you're moving abroad for that dream position you've been hoping for, or you are adding another member to your family, or maybe becoming a new family and all scenarios lead to it being time for you to sell. Your home is renovated and decorated to perfection so this process should be simple right? Well, we hope so but there are things you can do to prepare and today we wanted to give sellers a checklist of what they need to do before they list because in this market you need to be ready to move fast once an offer comes in.

Scrambling at the last minute for anything can be nerve-wracking. As a seller, scrambling to get documents together quickly can cost you a deal. Having all your proverbial ducks in a row before you decide to list is imperative to ensure a smooth transaction when an offer is accepted.If the documents were misplaced, no need to stress, your managing agent (or broker) will help you obtain the necessary docs so your transaction can move forward.

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 just purchased the most amazing space. It's large, bright and the price was right. This apartment is everything you ever wanted, but it does need some work. You just went through what felt like hell and back to buy an apartment and now you decide you are ready to take on renovating and you're not only a bit overwhelmed with all the choices but not sure where to start. Today we are discussing how to prepare to renovate as preparation is key and want to make sure you know what to do before you start.

The first thing you need to do is get a copy of the Alteration Agreement from the managing agent if you live in a Co-op or Condominium. This will spell out the terms and conditions for renovating in your building. If you live in a townhouse, you need to have an idea of the scope of work you want to tackle. Once you figure out how you want to upgrade your space, the general contractor and architect will prepare a budget for you. Prepare for sticker shock but at the end of the day, you will end up with a home that is designed especially 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.

Imagine this...you've been living in your apartment for quite a few years and have loved your time there and feel there's no other place like your apartment or your building. However, in realizing you now need more space, you decide to list your property and because you've put so much money into it and decorated it to perfection you know you will get an amazing price. The location, uniqueness of your home, and the building make you feel confident as it goes on the market. Your broker is flooded with phone calls and emails. All is going according to plan, and then all of a sudden your neighbor decides to list too, and they have the exact same layout, but they list their property at a much lower price! WTF! Now what?

Before you panic, it's important to determine the differences in apartments and why is the asking price so much lower? Sometimes the motivations of the seller are more personal than market-driven. But the toothpaste is out of the tube and your listing is looking overpriced. Maybe the lower-priced listing facilitates a quick sale or maybe you take your property off the market and wait. You have options.

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've been searching and looking online at properties only to see so many that you want to buy. It feels like buying an apartment in Manhattan will be easy as you spoke to a mortgage broker and you are pre-approved for even more money than you thought. You spend every weekend looking at properties and every other moment online looking at properties, and finally, you have found the one. Your real estate broker says, ok I will need you to fill out this financial statement so we can see if the co-op will take you, and then suddenly you are told you might not qualify. What? The bank said I could get a loan? You're confused, bewildered, and disappointed. Today we are discussing the importance of sharing your financial picture with a real estate agent before you start looking and why that's so important especially when purchasing a co-op.

Co-ops make up 65-70% of the residential market in NYC, condos 25% the rest are townhouses so there is a good chance, if you are looking to buy property in NYC it will be a co-op. One of the main differences between purchasing a co-op vs a condo is the need to be financially qualified to purchase, regardless if you have been approved for a mortgage. If you want to purchase a condo, invariably there will be many looking at the same property. In order for you the buyer to be in the running to purchase a property, you need to show you have your financial statement ready to go. By filling out this form properly ahead of your house hunting it will save you a lot of time and heartache.

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.