Selling a Lifestyle in NYC

02/25/20 • 56 min

Good Morning New York, Real Estate with Vince Rocco

On our show today: True New Yorkers are all obsessed with real estate. And New York is full of amazing places to live, which is why it’s not unusual to find oneself perusing real estate listings that are financially out of reach. Everyone has their personal preference when it comes to their fantasy place: the sleek penthouse with panoramic views, the updated brownstone on a leafy Brooklyn street, a classic loft in the Flatiron District. Here is where fantasy meets up with reality: All of this window shopping prompts the same question from everyone “Why on earth would you ever leave that place?” It is all about lifestyle or a change in lifestyle, and we will discuss. Also at this Hour: Approximately half of the luxury-condo units that have come onto the market in the past five years are still unsold. In Manhattan, the homeless shelters are full, and the luxury skyscrapers are vacant. Such is the tale of two cities within America’s largest metro. Even as 80,000 people sleep in New

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How to Price your NYC apartment in today's Buyer's Market

If you are thinking of selling your NYC apartment and have been watching the market for an uptick in sales activity to help you get to the right price strategy, you may not find it. There are many reasons why the market flipped last year into a buyer’s market, - including a glut in luxury condos not sold and the political uncertainty for 2020 and it doesn’t look likely to change, but that doesn’t mean it’s the wrong decision to sell. Your priority is to get your apartment seen by as many qualified buyers as possible, and realistic pricing is key. So how do you do that? We will tell you in the next hour. Also at this Hour: The New Year is a time when everyone is making New Year’s resolutions for their professional and personal lives, but too often those goals and aspirations are abandoned by February or March. The gym is one example. So, how can real estate agents keep those New Year’s resolutions and stay motivated all year long, even when times get tough? The panel is going to

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NYRAC: New York Residential Agent Continuum-an update on their recent Albany lobbying

On our show today: Will banning brokers’ fees actually save renters money? That question is being asked around the world as governments try to reduce move-in costs for renters. Over the past decade, Germany, Britain, Scotland and Spain have ruled that landlords, not renters, should pay brokers’ fees. In a surprise ruling this month, New York also adopted fee reforms. A judge though temporarily blocked the changes after real estate groups sued the New York Department of State. Investigating reforms abroad offers insight into what might happen in New York. The preliminary findings? A ban looks like it would be a good deal for apartment hunters. And they briefly celebrated. We will get into it this morning. We have members of NYRAC, the New York Residential Agent Continuum here to discuss.