Real Estate in a New York Minute

By Daniel Kramp and Holly Sose

Welcome to our new web series: Real Estate in NY Minute where we cover the questions that have come up the most over the last decade weโ€™ve been in the business. Oh, and answer them in one minute or less- because weโ€™re all busy, right? ๐Ÿ™‚

We want your questions! Ask us in the form below or in the comments, or DM us! Come back every week for a new episode, subscribe via the link below or follow on Instagram!

Ask Us Your Questions

Submit Question

Latest Episodes

Episode 40 | Absorption Rate

แดกแด€ษดแด› แด›แด แด‹ษดแดแดก สœแดแดก แด›แด ส™แด‡แด€แด› แด›สœแด‡ แด€ส™๊œฑแดส€แด˜แด›ษชแดษด ส€แด€แด›แด‡?
Comps are great, but one of the many other things we look at when แด„แดส€ส€แด‡แด„แด›สŸส pricing an apartment is: แด€ส™๊œฑแดส€แด˜แด›ษชแดษด ส€แด€แด›แด‡. Watch the video to find out more..

Episode 39 | Headlines

Splashing Headlines Are Very Exciting: But let’s be real.
The average price that New Yorkers are paying is about $1M.
The discount in most deals are about 4%.
Real life statistics gets you the apartment you want.
DM or call me today on how I can get you a great deal!

Episode 38 | Q1 2019 Market Report

Q1 Report just came out: THE MARKET IS STABLE.
ย 
Time on the market is up by 5% and prices are down by 2%. Know the market, read the full report. DM me to get a copy of the report.

Episode 37 | Why should you buy Real Estate?

Today we “focus” on the most important question: Why should you buy Real Estate….Holly and I have a different opinion on the subject ๐Ÿ™‚
#blooper

 

Episode 36 | 5th Tip on How To Successfully Sell Your Home

STRATEGIZE
Whatโ€™s the strategy? Or are you hoping that some DYI photos slapped on the interwebs is going to land you in a bidding war?
Passive marketing gets zero results. You want to reach and ATTRACT a wide audience, quickly. I like to deploy an arsenal of digital, traditional and some NOT SO traditional marketing tools get everyone vying for a time slot at the first open house. You dig?

 

Episode 35 | 4th Tip on How To Successfully Sell Your Home

EXPECTATIONS: Everyone says we are in a โ€œBuyersโ€ market- but what does that mean if youโ€™re a SELLER? Donโ€™t panic- we have your path mapped out. Hereโ€™s what to expect when youโ€™re selling…

 

Episode 34 | 3nd Tip on How To Successfully Sell Your Home

๐—ง๐—œ๐—ฃ๏ธ # 3๏ธโƒฃ ๐——๐—˜๐— ๐—”๐—ก๐—— ๐—ฃ๐—˜๐—ฅ๐—™๐—˜๐—–๐—ง ๐—ฃ๐—ฅ๐—˜๐—ฆ๐—˜๐—ก๐—ง๐—”๐—ง๐—œ๐—ข๐—ก…
Fact โ€“ beautifully staged apartments sell 3 times faster. Minor tweaks: furniture placement, fresh paint, decluttering and minor repairs may seem like a hassle, but it makes a difference.ย Remember: you want the new buyer to see their new fabulous life in the apartment. Creating a clean neutral canvas gives them space to dream about how perfect your apartment is. Choose an experienced agent who has a sharp eye and can make this process an easy one. .

 

Episode 33 | 2nd Tip on How To Successfully Sell Your Home

Beware of brokers who promise a price that seems too good to be true. There is no faster road to disaster than over- pricing an apartment. The market has changed and you need to be aware of the reality of a buyersโ€™ market. You want an ally who gives it to you straight.

 

Episode 32 | 1st Tip on How To Successfully Sell Your Home

We start our New series: Six tips to SELL in the new buyers market. Tip # 1 Price It Right. Donโ€™t waste precious time โ€œtestingโ€ the market. Listings that donโ€™t sell quickly will attract bottom feeders who only deliver low-ball offers. Set your price based on reality, not with a โ€œwishโ€ price. Make sure you truly understand the pricing of comparable apartments, the impact on maintenance fees, higher than average monthlies and all of the other factors thatย can affect the asking price. If you are not priced competitively, you will find yourself with few showings and no offers. Your broker is key to this soโ€ฆ

 

 

Episode 31 | How To Pick A Good Team?

From the very first step to the day you move in, having a solid and professional team behind you can mean the difference when buying a home. Here are the key people you need on your team for a successful home buying experience.ย 

 

 

Episode 30 | Negotiability

LETS FOCUS ON NEGOTIABILITY: The reports show pricing going up or down. One of the things we like to look at is, how much of a discount buyers are actually getting? We do this by comparing the contract prices and discount amounts from 2017 to 2018. Watch the video to find out what the average discount was and what does it actually mean for you as a buyer.

 

 

Episode 29 | Q4 Market Report

๐—ง๐—›๐—œ๐—ฆ ๐—ช๐—˜๐—˜๐—ž: ๐—ช๐—ฒ ๐—ฟ๐˜‚๐—ป ๐˜๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต ๐˜๐—ต๐—ฒ ๐—ค๐Ÿฐ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฎ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ ๐Ÿฎ๐Ÿฌ๐Ÿญ๐Ÿต ๐˜๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€ ๐˜„๐—ฒ ๐˜€๐—ฒ๐—ฒ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—ต๐—ผ๐—ฟ๐—ถ๐˜‡๐—ผ๐—ป…

 

Episode 28 | L'Pocalypse

The L train is not shutting down. Brooklynites have spent a year nail-biting over values of high traffic areas like Williamsburg – many rearranging their lives for the expected “L-pocalypse. Thankfully, it looks like the doom and gloom might never be realized.

New Yorkers, now what does this mean for you?

See you in Williamsburg!

With mortgage rates still being historically low and the roller coaster stock market, the stage is set to make a great deal and a smart investment.

Episode 27 |Buyers- What Should You Expect During the Holiday Season?

BUYERS:ย Here is a quick advice before you hit those open houses this Sunday: there are not going to be many, but those who are on the market are SERIOUS SELLERS.

Episode 26 |Sellers- What Should You Expect During the Holiday Season?

NOW IS THE TIME- Sellers- While you have the time now during the holiday season, these are the key things you should do to get ready to sell for next year. DM me for more info how we can help make sure your apartment is ready to sell next year.

Episode 25 | Amazon Coming To LIC

NOW THAT AMAZON IS COMING TO LIC: Many surrounding neighborhoods will benefit. We discuss the areas we think will offer fantastic opportunities for the smart investor…

Episode 24 | How To Bid in Todays Market

Itโ€™s the Holiday season and we all want a bargain! But when it comes to getting a deal on an apartment, DONโ€™T follow the masses. Be BOLD and make an OFFER. The smarties out there are quietly making incredible below market deals while the nervous nellies are sitting around waiting for the next price drop. Ready to come up with a strategy? DM me.

Episode 23 | Should I Wait or Buy Now?

SHOULD I WAIT FOR THE BOTTOM OF THE MARKET TO BUY?
NO. Fantastic deals are being done right now by bold buyers who are negotiating. Sellers are are open to OFFERS.
PRO TIP: the bottom of the market is only clear in hindsight, once itโ€™s gone back up. We might be at the bottom now, we might slide a little more. What is clear: rates are going up. So itโ€™s smart to lock in a good one now. 5 years from now, you wonโ€™t care about 1-2% of the price you paid. You will however be grateful for your low interest rates when your making those monthly payments!

Episode 22 | Financial Contingency

Will I lose my deposit and get penalized if the bank decides not to lend me?โ€ is a question we get all the time. The simple answer is if you have a good agent we can present the offer to seller ย with the contingency that makes the seller comfortable and confidence that you can close..

Episode 21 |Role Playing Pre-Qualified vs Pre-Approval

I have aย pre-qualification, is it the same as pre-approval? Watch us to find out.

Episode 20 | Q3 Market Report

The Q3 Reports are out. What are the two key numbers that stood out to me? Watch to find out

Episode 19 | Condo & Co-Op Insurance

Condo and CO-OP insurance is usually the last thing on buyers mind, right before closing. But should you pay more attention to this last detail?

Episode 18 | What are the current market trends?

Brooklyn has great opportunities from tax abatements and much more. Watch us to find out.

Found the apartment you love, what do you do next?

Watch us to find out

Episode 17 | Presentation is Everything

How to grab someone’s attention when it comes to selling your home.

Episode 16 | Underprice or Overprice

Which is better to make a bidding war? Watch us to find out.

Episode 15 | What Are Some Common Mistakes That Sellers Make

When you price with your heart.

Unedited Version | Importance of Staging

Is Staging worth it?

Episode 14 | Closing Costs

What does one expect to pay at a closing usually?

Episode 13 | New Constructions

Is new construction right for you?

Episode 12 | Is Summer a good time to sell?

Lets look at your goals.

Episode 11 | Is Summer a good time to buy?

The reasons why Summer is a good time to buy.

Episode 10 | What's up with tax reform?

What’s changed? What hasn’t? We’ll break it down for you.

Episode 9 | What are the biggest mistakes you are currently seeing people make in the market?

These are some reasons that you might not be getting a deal done as fast as you’d like.

Episode 8 | How long do I have to complete my board package?

Board packages are daunting. Timelines are daunting. Don’t worry, we’ve got you.

Episode 7 | Does It Matter Where I Get My Pre-approval From?

(Hint: yes!)

Episode 6 | Do I Need to Use a Real Estate Attorney?

Can I use my cousin who is a divorce attorney on Long Island? (No. Please no.)

Episode 5 | How Much Do I Pay and When?

This topic is daunting to most people, but don’t worry, we’re breaking it down to the simplest answer for you.

Episode 4 | Condo vs. Co-op: What's the Difference?

In this episode, we break down the fundamental differences between each type of home in New York City.

Special | Q1 2018 Market Report Discussion

In this special extended episode, we discuss the state of the market for the first quarter of 2018.

Episode 3 | How Do I Know How Much I Can Afford?

In this episode, we answer one of the most important, and yet one of the trickiest, questions: how much can I afford?

Episode 2 | Do I Need to Disclose ALL my Finances?

In this episode, we discuss the process of disclosing finances, how to protect your identity, and which types of home require more transparency with regards to personal finances.

Episode 1 | How Long Does it Take?

This question comes up a lot from first-time buyers so we wanted to offer some clear time lines.

Pilot | Having Fun