Round-Table Session 2017 with Tony Jao and Steve Perrotta

February 21, 2017 | by SPIRE
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SPIRE is excited to announce that we are bringing back the popular round-table sessions with even more value to better your business in 2017. Well respected industry specialists are now our eager guest speakers brought in to educate and introduce new products and even more services just for you! This weeks topics speakers and topics: Tony Jao- Regional Manager, Investors Bank Three Reasons Why Sellers Should Consider Seller-Paid Points The Gift Tax Myth: How to Navigate Around It How to Get the Primary Residence Capital Gains Tax Exclusion Steve Perrotta, CPA, Perrotta Tax & Consulting Services, LLC Working with foreigners. What your client can afford. Tax tips for real estate agents Read More

NYC landlords continue to offer rent discounts as market softens

February 20, 2017 | by Emily Nonko
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Douglas Elliman has released its rental report for the final month of 2016, showing that the rental market did not end the year with a bang. “There’s stress in both Manhattan and Brooklyn rentals,” says Jonathan Miller, the man behind the numbers. December marked a record amount of leases signed with concessions, 26.4 percent. That’s double the amount from the same time last year, which saw 13.1 percent of leases with concessions. Despite all that, the median rent in Manhattan is still higher than it was last year: $3,388/month as compared to $3,350. (The December median changes to $3,291 when you factor in concessions.) The median price for a studio was $2,575/month, a one bedroom came in at $3,395, a two bedroom at $4,588 and a t... Read More

Closing costs: A guide for NYC buyers and sellers

February 20, 2017 | by Leigh Kamping-Carder
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One of the most surprising aspects of buying or selling a New York City apartment—and thus, one of the more stressful—is the amount you'll spend on closing costs, potentially tens of thousands of dollars that get tacked onto the purchase or sale of a home. For sellers, closing costs take a bite out of the proceeds from the deal, possibly affecting your future plans. For buyers, closing costs can have a real impact on budget, in some cases persuading you to buy one apartment over the other. “When you’re considering that co-op that you like versus that condo that you like, it’s not just the purchase price, it’s the closing costs as well,” says Doug Perlson, founder of brokerage RealDirect. “When the typica... Read More

NYC's Best Neighborhoods for Dogs and Their Owners

February 20, 2017 | by Mariela Quintana
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Major sporting events come and go in NYC without much fanfare. The Major League Baseball All-Star Game or Kentucky Derby — who cares? Not much fazes the cynical spirit of New Yorkers. But when it comes to dogs, watch out. Yep, for all our disinterest and apathy, nothing melts our hearts more than the Westminster Dog Show, which will be taking over Madison Square Garden this weekend. There’s something about the earnestness of the dogs trotting around in concentric circles, the gravity of their loyal masters and, of course, the pure puppy zeal of the winning pooch that just gets us. Dogs! New Yorkers love their dogs dearly, but the city can be a challenging environment to raise one. To assist all the dedicated dog owners out there, StreetEasy ha... Read More

NYC’s top 10 wealthiest ZIP codes will surprise you

February 20, 2017 | by Diane Pham
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There’s no argument that Tribeca is home to the priciest real estate in all of New York City, but when it comes to wealth as measured by median net worth and household income, its residents don’t even register in the top 10. A new study by ESRI conducted for the NY Business Journal reveals that 11363—or Little Neck, Queens (where Governor Cuomo once owned a mansion, to give you and idea)—is, in fact, New York’s richest ZIP code. Here, the median household income clocks in at an impressive $94,192 with median net worth reaching $326,104. A mansion in 11363, Douglaston, Little Neck, Queens Several Manhattan ZIP codes did come in at the top, but they might not be the ones you’re thinking. According to Esri, the 10 w... Read More

Moving to New York?

February 16, 2017 | by Moonraker Marketing
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You’ve probably heard for years that New York is an expensive place to live, but just how does it stack up to the rest of the country? Our friends at Imperial Moving & Storage have put together an infographic that shows how the cost of living in NYC compares. From rent to bread to beer, New York overshoots the national average in just about every category. To add insult to injury, the average salary here is also lower than the national average, while taxes and unemployment rates are higher. But, it’s not all bad news. There are plenty of good reasons that nearly 8.4 million people choose to call the Big Apple home. This metropolitan city has lots of fun, walkable neighborhoods, loads of diversity, rich culture, abundant career opportunitie... Read More

‘Coming soon’ listings are creative — but are they effective?

February 6, 2017 | by Andrew Wetzel
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‘Key Takeaways Getting property listings can be very competitive. Agents are always looking for creative ways to market themselves and their listings. How do we balance our fiduciary duties to our clients with our innate competitive nature? Listing agents deserve to be excited about getting a new listing. It is a personal victory! Some agents want to get a jump on traditional marketing rather than waiting for the MLS and syndication to third-party sites to get the word out. We certainly don’t want to skip a step (MLS entries without photos or an incomplete/missing “remarks” section turn off buyers.) But much has to happen between hearing that we have been hired and uploading the property information online. Thes... Read More

What’s an hour in real estate?

February 6, 2017 | by Steven Trice
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Key Takeaways Are your daily tasks bringing you closer to your goals, or is it busy work that gets you nowhere? Helping interruptive clients may be hurting your overall business. Time management isn't just blocking off periods of the day. It’s managing which tasks you do during your time. Stephen Cooley, who runs the No. 1 Keller Williams team in South Carolina, asks a simple question: What is my time worth? Cooley learned that if he gave up some activities, it would allow him to put more emphasis on money-making tasks. He knows he can make $500-plus an hour with a client. Anything less than that, and he’ll pay other people to do it. He doesn’t need to be taking signs to houses or making copies of keys. Time is money... Read More