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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com. 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.

The date has been set, and you have been revolving everything around it. Your movers, packing, and your life. The closing is finally here and ready to go. But there is a problem. The toilet exploded at the walkthrough, the tub stopper doesn't work, and the entire bathroom must be ripped out to fix it; the oven is missing, the ceiling is missing, and the walkthrough has been a nightmare. So now what…do we stop the closing? Most properties close. It can be costly to reschedule a closing, and often if there is an issue at a walkthrough, it is resolved before or at the closing so the closing can happen. Rescheduling a closing has fees associated with it, and also, your mortgage papers could be expiring, your movers may be set, and your life is now on hold so often this is why it's not, and your attorney can resolve the problem with the other attorney being mutually beneficial to both parties. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com. 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.

There are so many shows about real estate out there, and I have to be honest, I don't watch any of them. A long time ago, before I was in real estate, I watched a few, and I remember two people having lunch, making a deal, and then the commission flashed, an enormous number of what they had just earned during this lunch. Also, I remember constant fighting and screaming. While deals are sometimes negotiated civilly and at times there can be screaming, real estate is a business of cooperation at the end of the day. The longer you stay in this business it's something you learn daily. So to encourage cooperation despite what is seen on tv at times today, we thought we should talk about when compromises should be made. Typically, you want to make reasonable compromises that seem to give both sides a fair deal. Often we try to have our buyers or sellers think of things in terms of the other side and how they would like to be treated if it was them. Often if there is an ask from the seller for something, then a buyer might also want something in return. Negotiation is part of every deal; it starts and ends with negotiation until it's closed. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com. 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.

We have all walked through a haunted house at some point in life, but what about while trying to sell a house or an apartment in NYC? Open houses have always been an excellent way for a seller's agent to showcase a property, get buyers in during one time, and sometimes help create demand. But what about when these events turn into a nightmare?  In the spirit of Halloween, we thought we would tell you some of our open house horror stories that made us pull back in horror but, luckily now make us laugh. Open houses can help create demand and showcase a property for a seller. It is best when things work correctly, pets are not present, and the apartment is cleaned and showing in the best light. Since the pandemic, many open houses have been by appointment, but in the past, we had some crazy situations at open houses when it would just be tons of people coming in all at once. Have a few laughs with us today while getting tips on making your open house a success. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com. 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.

Have you ever bought something on Amazon, read the reviews, and then realized this wasn't what you thought it would be when you received it? Well, so have I. Well, imagine buying an apartment, spending months getting a mortgage and board approval, and finally closing, only to feel the same way. There was a recent story in the news about a woman claiming to be misled about a sale, so today, we thought we'd address how to ensure nothing like that happens to you. There was a story in the news recently about a woman buying a $19M loft that she thought had a full-time doorman, but apparently, it was a part-time doorman, and she backed out of purchasing the apartment. Now there is a lawsuit pending. You can take specific steps to ensure that the most important aspects of a sale are checked for you, and it's always best to get everything in writing. First, an excellent real estate attorney is the key to ensuring a good outcome. Many of these points come up during the due diligence, so even if a broker made a mistake or a building policy changed unbeknownst to everyone, the attorney should be able to find out any details about a building and its policies. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com 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.

You have gone through the process of searching and finding a co-op you love. You have handed in the dreaded board package and have interviewed with the board. The only thing left to do is close, but not so fast because the next thing that happens after the interview is that you are told the board wants to hold money in escrow to approve the sale. What? Haven't you done everything they've asked and then some? What is this all about? Sharon and I have been in a situation where a board decides to approve a sale, but it is contingent on the board holding money, so today, we thought we'd shed some light on when this happens. Typically a board asks for money when they don't feel fully confident that a buyer can fulfill their financial obligation to the co-op regarding monthlies. It must be in the contract that a board can ask for this to be a condition, but as of late, we do see that in contracts. Buyers can say no to this, and the deal can die. Sellers can speak to board members to get more information on why this is happening. Typically it's not the most comfortable situation. Still, deals do happen, and often the money is returned a year or two later to the buyer as long as they have fulfilled their obligations. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com. 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 an extensive network of agents and will help you find the perfect broad (or bro) to help.

Imagine this…you're a broker in NYC, and you get a call. It's a client you've known for a few years, and you love them. They are lovely and have decided to sell the stunning loft you helped them purchase a few years ago. The market is doing well for sellers, and you discuss the price. They are realistic, and everything seems to be going well, but just before you start talking about a timeline for listing and when to photograph the seller tells you one more thing. There's a tenant in place right now, and they're not easy. Today we are talking about the tricky situation of selling with a tenant in place who doesn't want to help you in any way and what to do about as a homeowner. Tenants can really make or break what happens to a sale, especially in terms of how the home presents and if they will grant access or not. Typically, a lease says that a tenant must give access, but that doesn't mean they always comply and most landlords do not want to show a property with a difficult tenant in place. When you really have a difficult tenant in place, it's best sometimes to wait until they are moved out before trying to sell. You can avoid days on market being high and also having to explain the situation to every buyer. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com 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.

Whenever I tell people that buying in NYC is different than anywhere else, I can literally hear them rolling their eyes. I get it, New Yorkers; we think we're special. Ha! But whenever I tell people that buying is different and then I start explaining all the steps, I get to something called “the board package” which is necessary for condos and co-ops that's when their eyes typically widen. It's either with fear or disbelief that this is what you need to do to buy an apartment in NYC. So Sharon and I thought today we would discuss the dreaded board package that is required by buyers when purchasing a co-op or condo so that you won't be shocked when you hear about it and maybe you will understand why it works that way here. Board packages are part of buying a co-op or a condo here in NYC because buildings want to make sure buyers are financially sound and able to pay regardless of whether they lose a job. All of these buildings are really dependent on everyone paying what they owe each month so that the building can run and so that it can be maintained. We both have stories and knowledge of buildings where people stopped paying and have seen the havoc it has caused to the financial health of that building, so board packages are a way for buildings to stay financially fit which actually benefits you in the end. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com 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 had your property on the market for 6 months and it was shown often but no offers. You really liked your broker or maybe you're not sure if you liked your broker because they didn't sell your property. You take it off the market to reconsider which direction you want to go. Should you list with the same brokerage? Or look for a new agent to represent your sale? Today we are talking about this often discussed logic we hear from sellers who we meet when we ask well what happened with your last broker?  The number one reason properties don't sell is price. So while the presentation of how you market a property is very important and the online presence is as well nothing is more important than price. If your property is not selling you have to ask yourself the hard question of is it my broker or are my unrealistic expectations holding me back from moving on.   Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com 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 buying a new home. Whether it's new development or a resale and it's new to you sometimes change can be just what you need for a fresh start. But what happens when change is happening in every aspect of your life specifically in terms of a job or huge financial changes and you're in the process of buying an apartment in NYC? Well, then things might get really crazy! Is it still a good time to buy? Will you qualify and how do you make sure you are portraying your finances in the best light? Today we are talking about tricky deals we have successfully made happen with clients who are in the process of changing jobs or in the midst of a huge pay difference while purchasing and how to make sure you close on that home. Communication is everything and especially if you are about to head into or find out your deal just got tricky due to finances. This can happen with a job offer, divorce, or sudden death. We have seen deals like this work, but only when everyone is upfront and honest and with tons of communication between both the buyer's and seller's agents and their respective clients. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com 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 decided to list your property because you've already moved out and it's now ready to hit the market. Things are going great and there are many inquiries about it. You are lucky enough to get an offer on it as the market seems to be slowing down a bit but maybe not on your apartment. Things seem to be going so great and the buyers are signing tomorrow and then suddenly radio silence from the other side. Well maybe they are signing the next day, you hope. But then very quickly you realize the deal is going sideways and just as quickly as it came it's gone. We talked about what to do when deals fall through on the buy side so this week we wanted to address the sell side. Communication and time are everything in a deal and so when time goes too long from an accepted offer to a contract being signed or if you stop hearing from the other side you will know you are in trouble. These are the signs of potentially you won't be getting a signed contract so between an accepted offer to contract signing you want to keep up-to-date on what is going on to try to mitigate this. Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com 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 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com. 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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 deniseandsharon@compass.com 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.

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 deniseandsharon@compass.com 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.