Faced with the prospect of losing millions of dollars in commissions, the real estate industry plans to continue the fight on rental commissions with NYS legislators.   And if that isn’t enough, the Real Estate Board of New York is now requiring sellers to directly pay buyer’s agents starting January 1st, 2024. Is our world about to change?   Filmed at Brown Harris Stevens’ Studio 1873, Part of the Mastery of Real Estate (MORE) Network.   Subscribe here:   https://podcasts.apple.com/us/podcast/talking-new-york-real-estate-with-vince-rocco/id1645541166   Connect with Vince Rocco here:    https://www.bhsusa.com/real-estate-agent/vince-rocco   Brown Harris Stevens is one of the largest privately owned real estate brokerages in the country, with more than 40 offices across four states: New York, New Jersey, Connecticut, and Florida.   https://bhsusa.com/ #Realestate #nyc #vincerocco #newyorkcity

Working with a professional interior designer can offer numerous benefits.  An interior designer can help you achieve a beautiful and functional space that reflects your style, enhances your lifestyle, and adds value to your home or business. There are plenty of great tips today in this episode.  Filmed at Brown Harris Stevens’ Studio 1873, Part of the Mastery of Real Estate (MORE) Network.   Subscribe here:   https://podcasts.apple.com/us/podcast/talking-new-york-real-estate-with-vince-rocco/id1645541166   Connect with Vince Rocco here:    https://www.bhsusa.com/real-estate-agent/vince-rocco   Brown Harris Stevens is one of the largest privately owned real estate brokerages in the country, with more than 40 offices across four states: New York, New Jersey, Connecticut, and Florida.   https://bhsusa.com/ #Realestate #nyc #vincerocco #newyorkcity

Affordable housing ensures that individuals and families have access to safe, decent, and affordable homes, regardless of their income level. It is essential for creating inclusive communities and reducing homelessness. Affordable housing plays a significant role in promoting social and economic stability.  It provides a foundation for individuals and families to thrive. This can lead to improved educational outcomes, better health, and increased economic opportunities. Adequate housing is recognized as a fundamental human right. Governmentshave a responsibility to ensure that everyone has access to affordable and decent homes, regardless of their socio-economic background. One of the biggest challenges in affordable housing is the imbalance between supply and demand. Filmed at Brown Harris Stevens’ Studio 1873, Part of the Mastery of Real Estate (MORE) Network.   Subscribe here:   https://podcasts.apple.com/us/podcast/talking-new-york-real-estate-with-vince-rocco/id1645541166   Connect with Vince Rocco here:    https://www.bhsusa.com/real-estate-agent/vince-rocco   Brown Harris Stevens is one of the largest privately owned real estate brokerages in the country, with more than 40 offices across four states: New York, New Jersey, Connecticut, and Florida.   https://bhsusa.com/ #Realestate #nyc #vincerocco #newyorkcity

Title insurance is a type of insurance that protects a property owner or lender against any potential losses or claims that may arise due to defects in the title or ownership of the property.  Title insurance provides financial protection in case any unforeseen problems arise in the future. On the other hand, homeowners insurance is designed to protect the physical structure of your home, as well as your personal belongings, from various risks such as fire, theft, vandalism, and natural disasters. It also provides liability coverage in case someone is injured on your property and decides to sue. In NYC, both title insurance and homeowners insurance are crucial and required when buying a property.

So how do you predict the various markets and their activity in NYC real estate?  As a global city, NYC is constantly evolving.    The demand for real estate is always influenced by factors such as population growth, economic conditions, and lifestyle preferences.    Keep an eye on emerging neighborhoods, changes in demographics, and shifts in the job market to gauge potential demand.

Real estate technologies are revolutionizing the property market. Leveraging cutting-edge tools, professionals can now attract more traffic, close deals efficiently, and introduce groundbreaking innovations.    It also sets a new standard for the industry and potential market contenders. Staying competitive in today's dynamic real estate landscape is key.   The breakthrough technology, Artificial Intelligence is a game-changer in multiple industries, revolutionizing processes and enhancing efficiency. 

Real estate agent culture in NYC is fast-paced, competitive, and demanding. The city's dynamic property market requires agents to have a keen understanding of market trends, negotiation skills, and a network of connections to assist clients in finding their dream homes or lucrative investment properties.    However, amidst the hustle and bustle, it is crucial for agents to find a balance between work and personal life to maintain their well-being and deliver exceptional service.     Finding this balance can be challenging, given the high demands of the job. As agents juggle multiple clients, attend numerous property showings, and negotiate deals, it is easy to get consumed by work and neglect personal needs. Long working hours and tight deadlines often leave little time for relaxation or pursuing hobbies outside of the real estate realm. This can lead to burnout and a decline in productivity.

The New York City real estate market has always been a fascinating landscape to watch, and its trends have had far-reaching implications for both buyers and sellers.  Our real estate market has always been a force of its own.    With the business, culture and other opportunities the Big Apple offers, the city enjoys near-constant interest from buyers at home and abroad.   Still, the last few years have thrown some curveballs, and even being NYC, the market suffered – particularly during 2020 and 2021, when COVID precautions shut down much of the city.   Fortunately, NYC real estate has recovered since then, though with fluctuations. Prices skyrocketed and then moderated, supply dropped and then improved, interest rates shot up and consumer sentiment wavered, too.   What does it all mean for the future of New York City real estate? 

Trends can be a helpful factor to consider when investing in real estate, but it should not be the only component. Real estate markets can be influenced by various factors such as economic conditions, population growth, job opportunities, and interest rates. Understanding the current trend in a particular market can provide insights into the demand and potential for appreciation or rental income.However, it is important to conduct thorough research and analysis beyond just following the trend.

With the sudden proliferation of generative AI tools such as ChatGPT, 2023 will likely go down in history as the year artificial intelligence changed the game forever. Its impact reaches nearly every industry, including luxury real estate.   Do not be averse to change, as AI will continue to evolve and have a significant impact on luxury real estate. Of course, AI is not a panacea, and it is important to use it in combination with other strategies and techniques  So, what are the implications of this still-evolving technology on the real estate business?  That is what my panel today has convened to answer. Should luxury agents be alarmed by the ubiquity and capability of today’s AI?

Living in New York City means residing in a concrete jungle where towering buildings dominate the skyline. These architectural marvels, however, come with certain restrictions and regulations that shape the daily lives of the people who reside within. One of the most common restrictions pertains to building codes and zoning regulations.    It is important for residents to familiarize themselves with these restrictions and regulations to ensure a harmonious living experience in NYC buildings. Adhering to these guidelines not only helps maintain the quality of life but also contributes to the overall well-being and safety of the building's residents.

The New York City real estate market is renowned for its volatility and constant fluctuations. It is a highly competitive and dynamic market that experiences both booms and busts, driven by various factors such as economic conditions, population growth, and investor sentiment. One of the primary reasons for the volatility in the NYC real estate market is the city's status as a global financial hub that attracts a significant number of high-income individuals, leading to a demand for luxury properties and high-end rentals.   The experts will explain. 

Working with first-time homebuyers can be an exciting and rewarding experience, as you have the opportunity to help them achieve their dream of owning a home. However, it can also be a daunting task, as many first-time homebuyers are unfamiliar with the process of buying a home.    Taking the time to explain the process to them step-by-step, and providing them with resourcesthat can help them understand the process.   One of the most important things a first-time homebuyer needs to do is determine how much they can afford to spend on a home. Working with them to create a budget that takes into account their income, expenses, and other financial obligations. Getting pre-approved for a mortgage can give first-time homebuyers a clear idea of how much they can afford to spend on a home. Work with them to find a reputable lender who can pre-approve them for a mortgage. And buying a home can be an emotional process, and first-time homebuyers may experience anxiety or uncertainty.    So - working with first-time homebuyers requires patience, knowledge, and support. By educating them on the process, helping them determine their budget, finding the right home, and providing them with the support they need will help them achieve their dream of owning a home.   We will get into all of that.

If you are interested in the New York City real estate market, you've come to the right place because it's important to stay up-to-date with the latest trends.   The Big Apple is a unique and ever-changing market, with trends that are constantly shifting. From the rise of luxury developments to the growing popularity of co-living spaces, there is always something new happening in the NYC real estate scene. Whether you are a first-time homebuyer or a seasoned investor, staying on top of the latest trends is crucial.    Understanding the current state of the market can help you make informed decisions about buying, selling, or renting property in the city.    For example, if you are looking to buy, you might want to know whether prices are trending up or down, and whether certain neighborhoods are becoming more or less desirable. Similarly, if you are a landlord, you will want to know what kind of rental rates you can expect, and whether there are any particular areas where demand is high. By keeping an eye on real estate trends, you can make smart choices that will help you succeed in the NYC market.

Commercial and Residential real estate in NYC are two very different markets. While residential real estate is focused on housing, commercial real estate is focused on businesses and their needs. One of the main differences between the two is the price point.  Commercial real estate tends to be much more expensive than residential real estate in NYC due to the high demand for business locations.  Another difference is the length of leases. Residential leases tend to be shorter than commercial leases, which can range from five to 10 years or more. When it comes to location, residential real estate is more focused on neighborhoods and proximity to amenities like schools, parks, and shopping.  On the other hand, commercial real estate is more focused on accessibility to transportation and the business district.  This means that commercial properties are more likely to be located in the central business districts of NYC, while residential properties are more likely to be located in the outer boroughs or suburban areas.

When it comes to selling real estate, location plays a crucial role in the buying decision. The location of a property can either make or break a sale. One of the most significant contrasts in selling real estate is between properties located in New York City and those located in the suburbs. While both locations have their advantages and disadvantages, they appeal to different kinds of buyers with different priorities. Selling real estate in New York City and the suburbs involves different strategies, marketing approaches, and pricing considerations. While New York City offers a unique lifestyle and convenience, the suburbs offer more space and privacy, making it an excellent choice for families.

Passion and dedication are two key ingredients that are critical for success in the fast-paced world of New York City real estate. In order to succeed in this highly competitive industry, one must have a burning desire to exceed expectations and a willingness to go above and beyond for their clients.    Dedication is equally important, as it requires a steadfast commitment to hard work, perseverance, and a willingness to adapt to changing market conditions.

Property Management in NYC real estate involves overseeing and maintaining various types of properties, such as residential or commercial buildings, to ensure they are in good condition and generate income. The property manager is responsible for tasks such as rent or maintenance collection, routine maintenance and repairs, tenant relations, and lease or sales agreements. Due to the high demand and complexity of managing properties in New York City, property managers need to have extensive knowledge of local laws and regulations, as well as excellent communication and organizational skills.

Currently, some of the trendiest features in NYC real estate include outdoor space such as terraces or gardens, high-end finishes and appliances, smart home technology, and amenities such as gyms and spas. There is also an increasing interest in energy-efficient and eco-friendly buildings, as well as a growing demand for new developments in emerging neighborhoods.  Additionally, the pandemic has resulted in an uptick in interest for larger apartments and homes that offer more space for remote work and schooling.

New York City is one of the most iconic cities in the world and its real estate market is no exception. The city is known for its high cost of living and its competitive real estate market. With a population of over 8 million people, the demand for housing in New York City is always high. And buying and selling in NYC is always a challenge.   Collaborative negotiations refer to an approach in which parties work together to achieve a mutually beneficial outcome. This method involves listening, understanding, and finding creative solutions to resolve conflicts.    By focusing on shared interests and needs rather than rigid positions, collaborative negotiations can often result in better outcomes for all parties involved.   I will talk to two very successful real estate attorneys in NYC and a certified Negotiations Specialist today.

Millennials who have entered the NYC real estate market have found varying degrees of success.  While some have been able to achieve their goals of finding great real estate opportunities, homeownership or starting their own business, others have faced challenges due to high competition and rising housing costs.  Overall, success in NYC real estate is dependent on various factors, including financial stability, a tech-savvy nature, strong market knowledge, and a willingness to take calculated risks, and preference for urban living.   We have several young real estate agents here today and we will break down their successes.

Public relations and marketing are crucial for real estate agents in today's crowded and competitive market.  Building a strong public relations strategy can help agents create positive relationships with the local community and media outlets, while marketing campaigns can attract potential buyers and sellers. Marketing strategies can include social media advertising, email campaigns, and targeted ads in local publications. The key is to tailor both public relations and marketing efforts to the specific needs and interests of the real estate agent's target audience. And also, one of today's leading experts in real estate investing, James Nelson is here to talk about his new book “The Insiders Edge to Real Estate Investing” In the book James reveals his game-changing approach for making real estate a key part of your investment strategy. “The Insider's Edge to Real Estate Investing” describes how to identify and purchase properties that align with your goals and experiences in the market.

Mortgage interest rates can have a significant impact on the NYC real estate market. When interest rates are low, it becomes easier for buyers to obtain financing for their homes, which can increase demand and drive up prices.  However, when rates are high, fewer buyers may be able to afford a mortgage, which can lead to a decrease in demand and lower prices.  In addition, changes in interest rates can also affect the rental market, as higher mortgage rates may cause more people to choose to rent instead of buying.    Overall, fluctuations in mortgage interest rates should be considered an important factor in understanding the dynamics of the NYC real estate market.

Investing in NYC real estate can be a lucrative endeavor due to high demand and limited supply. However, it requires a significant amount of capital, patience, and knowledge of the local market.    Additionally, navigating the complex regulations and navigating the competitive bidding process can also be challenging. It is important to consult with experienced real estate professionals and conduct thorough research before making any investments.

Video is a powerful tool for social media marketing as it allows for more engaging content that can capture a viewer's attention and convey messages more effectively than text or images alone.  Social media platforms like Facebook, Instagram, Tik Tok, and YouTube have incorporated video into their platforms to cater to the growing demand for video content from users.  By creating and sharing videos on social media, real estate agents can effectively promote their products or services to a broader audience, build brand awareness, increase engagement and ultimately, drive conversations. Additionally, videos on social media are easily shareable, which can help increase the reach and exposure to new audiences.

There is a new and emerging real estate firm in NYC - unlike anything that has been seen before. It is on the rise, as more and more customers look for a unique and personalized approach to their real estate needs.   Avenue 8. Says that they are a new kind of brokerage — one that simplifies and elevates the real estate experience for agents, buyers and sellers.   At Avenue 8, all of the tools, insights and materials that agents need are elevated by a premium design, driven by data and delivered on command by intuitive technology.

Real Estate transactions are a complex process that entails multiple stages and requires careful negotiation in order to ensure successful outcomes.  The pre-contract stage is crucial for laying out the terms of agreement and identifying any potential risks associated with that transaction.  A real estate attorney is a professional who specializes in matters related to real estate law.

In New York City, the demand for New Developments is bouncing back. But everything is not as it was, with Covid both accelerating some budding trends and pushing builders in new directions. Almost three years after Covid waylaid the New York real estate industry, the city’s new development market is tiptoeing into unfamiliar territory - normalcy. The glut of luxury condos that saturated the Manhattan market long before the pandemic has largely been sold.

‘Building Your Personal Brand’ based on the book “Getting Your Personal Brand Story Straight’.   For a real estate agent, building a personal brand is essential to success. You must be able to communicate your expertise in the field and establish yourself as a reliable source of information for potential customers.    First, you should identify and define your goals, skills, values, and passions so that you can craft an appropriate narrative about yourself. Next, create an online presence on social media platforms such as Facebook and Instagram and TikTok that reflects this narrative accurately.

New York City is home to some of the most successful real estate agents in the world. From high-end luxury brokers, to savvy small business entrepreneurs, top real estate agents in New York boast a wealth of experience and knowledge, helping clients find their dream properties or close lucrative deals. We will tell you how they do it…

In NYC real estate the team concept has become increasingly more popular… why?   With the increased competition for properties in NYC, forming an experienced team or partnership might be essential for anyone wanting to be successful. 

Bess and Scott reflect on the current market and talk about how we came out of a global pandemic to find a very strong market. Now in a very uncertain market, they share tips on how agents can find success. 

Deals generally never run smoothly from the Deal Sheet to closing. Attorneys and Agents need to work together through the entire process. Here are some tips and clarification. 

We will talk about what our predictions are for the new year but more importantly we discuss what it takes to become a solid successful agent, why company culture and a mentorship environment is key to all of our success. Also, inside the heads of buyers and sellers. Awesome discussion from three amazing leaders. 

Join Greg Heym (Economist) discuss how we finished 2022 and what he predicts for 2023. Also, Superstar Real Estate Advisor Nikki Field joins our discussion to update us on the foreign markets and the very high end luxury market. Don’t miss this one. 

We need to learn how to make the switch to a growth mindset. We have all heard of it, aiming to help us increase our resilience, ability to surmount challenges, or thrive through adversity.   Also, Buying an apartment in a New York City can involve baring your financial soul. Or as I say, undressing in front of the board.  BoardPackager is an online app that streamlines the board package submission process and saves hours in each of our work day.   This is a very informative show.

It’s a common mistake to think that you have to be born with a certain number of personality traits in order to be successful. And while yes, having an innate inclination for organization or business is incredibly helpful, most of those skills can be developed later in life. You can learn them in college, by observation or with a little bit of discipline. But could the qualities that make you a good entrepreneur also make you a good leader?

How are agents interpreting the current market with sellers and buyers. What is business like today, who is buying and why? What is the future looking like?  

Join us as we discuss everything marketing from personal branding, social media and the importance of content in all activities related to real estate.

Do-it-yourself projects can be a fun and cost-effective way to refresh your home—but some things are best left to the professionals.    At first, the idea of painting a room or two in your apartment might sound fun or exciting. However, as anyone who has gone on to tackle the job themselves will tell you, the process is its own form of hell, beginning with perhaps the most challenging part: picking colors. Why is it such a difficult task? 

CEO of Brown Harris Stevens, Bess Freedman shares her insight on her very successful career before real estate and now. She gives us tremendous insight into todays market and what she sees for the future in 2023. This is a great show. 

We are going to unpack the current mortgage situation affecting our housing industry. We will look at interest rates historically and where rates may end up in the next few months. Join Stephen Lascher from Wells Fargo Bank and Louise Phillips Forbes, superstar agent as we discuss all. 

Special guest Stephen Kliegerman, President of Development Marketing at Brown Harris Stevens, joins the group to discuss the latest trends affecting the markets. How are the increase in mortgage rates slowing the market and when can we rebound?

What are buyers looking for in todays market?  How serious are they?  Has the rose in interest rates slowed down the market?   Also, what are we predicting for 2023.