Photo Credit: Shutterstock

Here, members of the exclusive Haute Residence Network of top real estate agents give us their advice to all those considering joining the industry.

Heidi Bintz, Vail Valley, CO: "Be prepared for a full-time job that can be seven days a week."

Anne Perry, Honolulu, HI: "Develop strong and current database, constant growth, strong market knowledge and leave your ego at the door."

Brian Pearl of the Pearl Antonacci Group, Boca Raton, FL: "Join a team where you receive leads, work and close them, and you'll establish yourself organically by being in the field learning the business."

Clara Hartree, West Vancouver, British Columbia: "It's a 24-hour a day commitment."

Dante DiSabato, Naples, FL: "You have to figure out what makes you different in the market vs. everyone else. Everyone should have an edge."

Debra Johnston, Atlanta, GA: "Be prepared to spend six months in business development and getting set up for business."

Elisa Linton, Humble/Kingwood (Houston metro area), TX: "This is hard work. You have to be disciplined, approachable, and determined to protect your clients' interests throughout each stage of the transaction. You are assisting them with a large financial decision."

Elliot Bogod of Broadway Realty, Upper West Side, New York City, NY: "Zoom and webinars is a new way of life. LinkedIn is offering ways to connect with like-minded real estate professionals as well as LinkedIn groups. We started our Broadway Realty group that increased to over 700 professionals in a couple of weeks."

Frank D. Isoldi, Westfield, NJ: "Be patient and honest. Your integrity is everything."

James Beasley, Las Vegas Strip, NV: "Start building your database (databank)."

Jeff Hyland, Bel-Air, CA: "Stay calm and work through it. You might not sell your first listing, but with time, due diligence and a bit of luck, the world could be your market."

Alex Min, Lake Tahoe, NV: "Make sure you are ready to jump in headfirst. In today's market, this is not a hobby job. You have to commit to working long and odd hours. If you aren't an expert on your market and inventory, you won't be able to service your clients properly."

Kathleen Floryan, Jacksonville, FL: "Your 'why' has to be very clear. Your choice of realty companies and the future education, support plus mentorship is critical to your success."

Kelly Ringer-Radetich, Redwood City, CA: "If this is your very first introduction into Real Estate, I would recommend assisting an agent. If I had it to do all over again from the start, that is what I would do. Giving up something to gain the knowledge and experience can be priceless."

Kim Martin-Fisher, Ponte Vedra Beach, FL: "You must be vigilant, patient, and genuine."

Krista Richman, Fort Lauderdale, FL: "Project events are an excellent way to learn about the project itself and meet new faces in the industry."

Kristine Farra, Chicago, IL: "Work hard. Build relationships, not leads. Take marketing and branding seriously."

Maggie Gold Seelig, Boston, MA: "Find the nicest and smarter person from whom to learn the business, as real estate is an apprenticeship profession."

Mark Salmon,  South Tahoe, CA: "Don't enter this business thinking this is easy money but at the same know that it takes a lot of time and money to become established in order to have a lasting career."

Toni Itkin, Sandy Springs, GA: "Join a brokerage that provides the best training and technology- not the one the gives the highest commission split! Know that this is a full-time business, not a part-time job or a hobby. Then, network, network, network!"

For more, visit dev.hauteresidence.com.

The post Thinking Of Becoming A Real Estate Agent? Be Prepared To Work Hard! appeared first on Haute Residence by Haute Living.

Photo Credit: Extell

"As employees working remotely and see little reason to live close to the office, Manhattan apartment landlords are providing the biggest move-in concessions on record in an effort to fill empty units during the pandemic," says Elliot Bogod of Broadway Realty. "Rents tumbled 19% in January as listings continued to pile up. Special incentives and freebies averaged 2-3 months, most in over the last decade, which have helped somewhat. Many schools, colleges, and cultural attractions are also still shuttered. New lease signings jumped, but revenue for landlords is still slipping. With the value of concessions subtracted, the median rent in Manhattan plunged substantially."

Eugenia Foxworth of Foxworth Realty adds, "There are several thousand rental apartments available in Manhattan. Many people do not want to live in high rises since COVID-19. The reason that there has been an upsurge in renting in luxury full-service buildings is due to the lower rental cost. Many people are working remotely, have lost their positions, and are relocating to the suburbs. For example, on Central Park South, one apartment in particular was asking $15,000 per month and now it is renting for $,9999.  The landlords are offering from one to three months free on one to two-year leases. Some buildings are not increasing the rent when leases are expiring. It is advantageous for renters during this pandemic."

For more, visit dev.hauteresidence.com.

The post New York Real Estate Rentals Up In Manhattan And Brooklyn appeared first on Haute Residence by Haute Living.

Elliot Bogod presents

Featured in Design Magazine. In the best UWS location and with a stunning two-story living room, this is a rare two-bedroom, two bath home with a wood-burning fireplace! Available furnished or unfurnished. Designed for working artists, 39 West 67th Street, 'The Colonial Studios', was built in 1906-7 by Pollard & Steinam. The larger duplexes consist of living rooms with splendid proportions: double-height, 18-foot ceilings and massive 'atelier' windows. Decades ago, part of the upper duplex of apartment 702 was split off, creating what is now a five-room home with the most wonderful entertaining space. The layout also offers a separate mezzanine office, bay windows and a sunny eat-in-kitchen overlooking West 67th Street. Apartment 702 has been beautifully renovated with elegant bookcases surrounding the fireplace, new kitchen and baths. West 67th Street is favored for its prime location – steps from Central Park and Lincoln Center – and renowned for its celebrated history. Distinctly European in atmosphere, this block of 67th Street, off Central Park West, has always been the sought-after address on the Upper West Side. Building Features include 24-hour elevator service, laundry room, bicycle room and private courtyard. This is a pet-friendly building.

Address: 39 West 67 Street, #702, New York, NY 10023

Price: $7,995,000

For more information, please contact Elliot Bogod at 212-577-2270 or ebogod@broadwayrealty.com

Elliot Bogod is the exclusive agent representing the Upper West Side, New York City, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Alexander Bogod

Photo Credit: Alexander Bogod

Photo Credit: Alexander Bogod

Photo Credit: Alexander Bogod

The post Elliot Bogod Presents A Colonial Studios Apartment In New York appeared first on Haute Residence by Haute Living.

Photo Credit: Shutterstock

Here are seven reasons why leaving it to the pros far outweighs doing a "For sale by owner" real estate transaction, featuring members of the exclusive Haute Residence Network of top real estate professionals.

Online Marketing

"Statistics show that real estate brokers are selling for 32% more. And it is not that homeowners who sell their homes themselves sell them for less money, it is that homeowners who sell less expensive homes, mobile homes, and condos in rural areas are more likely to choose to sell their homes themselves. In NYC, the majority of homeowners are far better off using a real estate broker to help them sell their homes and to get the best price. Brokers have various tools and staging ways to market property online and to bring maximum exposure to a listing. In today’s market, the buyer makes the decision to buy before visiting a property and the broker is the one who makes that magic of online marketing." - Elliot Bogod, Upper West Side, New York City, NY.

The Right Pricing

"Working with an agent gives homeowners the advantage of intelligent pricing, negotiation skills, and broader exposure to sell their home quicker and for more money."  - Nilou Henderson, Charlotte, NC.

Negotiation

"A good real estate agent will get you top dollar for your home through skilled negotiation and with the maximum exposure in marketing the home." - Georgina Jacobson, Newport Beach, CA.

Knowledge of the Market

"Hiring a real estate broker gives you a professional partner who possesses unrivaled market expertise that can help you achieve top dollar for your home." - Jenny Lenz, Upper East Side, New York City, NY.

Homeowners Can Be Their Own Obstacle

"It's hard for sellers to represent themselves, especially to prospective buyers, simply because they cannot remove themselves, or their emotions, from the potential deal.  As a party to the contract, emotions can run high, which can complicate any deal, especially when working on something so personal." - Alex Min, Lake Tahoe, NV.

Its Importance Cannot Be Overstated

"Selling your home will likely be one of the biggest transactions of your life. Real estate agents get broader exposure for your property, negotiate a better deal, and are experts at managing expectations." - Kathryn Shafer, Beverly Hills P.O., CA.

The Many Details a Real Estate Sale Includes

"People are emotional and overvalue their homes.  A local Realtor® helps you price it right, market, negotiate, and maximize results." - Curtis J. Wright, Essex and Morris counties, NJ.

For more articles featuring the top real estate agents in luxury markets, visit dev.hauteresidence.com.

The post Seven Reasons Why “For Sale By Owner” Is Not A Good Idea… Have A Professional Do It! appeared first on Haute Residence by Haute Living.

Elliot Bogod presents

Great opportunity-Last sponsor's residence at $3,000 per Sq.Ft! This stunning, fully-furnished, turnkey 2,525 Sq.Ft., 3 bedroom, 3.5 bath unit with custom interiors by Danish designer Thomas Juul Hansen, will impress the most discerning buyer. Perched high above the city, overlooking Central Park and the Hudson and East rivers, the views are breathtaking during the day and glamorous at night.

The gracious, windowed entry foyer with powder room leads into the elegant, corner living room and dining room with their stunning North and East exposures, soaring 10’6” ceilings, rift sown oak floors and custom light fixtures, perfect for grand entertaining. The gourmet open kitchen features a granite-topped island with built-in seating, Miele and Sub-Zero appliances and Smallbone of Devizes hand-crafted cabinetry. The large and private master bedroom suite offers South and East exposures with city views and an immense walk-in closet. A luxurious, master bathroom pampers with a Jacuzzi tub and separate shower, radiant heated floors, double sink topped vanities, polished Italian marble and Dornbracht fixtures. The second and third bedrooms are generously proportioned and also offer en-suite bathrooms with custom glass finishes and radiant heated floors. Only the finest fixtures and finishes have been used to create this masterpiece. Multi-zone climate control, Smart Home technology, motorized shades, customized closets and a Miele washer/dryer complete the comforts of this incomparable home.

One57 built by Extell Development Company and designed by Pritzker prize-winning architect, Christian De Portzamparc. soars above the now-iconic Billionaire's Row of Manhattan. Located on 57th Street the unparalleled building amenities and services include a 24 hour doorman and concierge, parking garage, fitness center, yoga studio, aquarium, pet wash room, library, screening room and private dining room. One57 residents also have access to the Park Hyatt’s five-star hotel services, including 24-hour room service, a triple-height indoor swimming pool overlooking Carnegie Hall, spa, steam rooms, bar and restaurant.

Address: One57, 157 West 57 Street, #32F, New York, NY 10019

Price: $7,750,000

For more information, please contact Elliot Bogod at 212-577-2270 or ebogod@broadwayrealty.com

Elliot Bogod is the exclusive agent representing the Upper West Side, New York City, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Extell

Photo Credit: Extell

Photo Credit: Extell

Photo Credit: Extell

Photo Credit: Extell

Photo Credit: Extell

Photo Credit: Extell

Photo Credit: Extell

The post A Stunning One57 Unit In New York By Elliot Bogod appeared first on Haute Residence by Haute Living.

Now that Summer is close to ending, what do you see as the takeaways from the last six months?

September brought new wave to apartment rentals to large, family size residences on Upper West Side. We are very busy helping families to move back to the city. We have clients who rented apartments site unseen by calling us from Hamptons. Sales show softness as only well-priced apartments are getting attention. Everything is on sale and people are expecting discounts.

Photo Credit: Catherine Belove, Space Decor Studio

What activities can be done around this time of the year in New York while allowing for safety?

We saw Statue of Liberty and Metropolitan Museum opened and many places having outdoor dining and will have indoor dining on September 30th as New York entered into the 4th and last phase of opening. Outdoor arts and music are opening. Botanical garden, Bronx Zoo are opened. While many hotels are closed there will be an announcement soon about Aman Resort’s Hotel opening in Crown Building at 730 Fifth Avenue and it will include three-story spa.

Photo Credit: Catherine Belove, Space Decor Studio

How is the market in the Upper West Side performing? Do you see more people coming, going, or a balance?

The Upper West Side market shows a sign of life. We have signed a couple of contracts in August and just listed a great one-bedroom condo with a terrace. There are not many one-bedrooms with outdoor spaces on the market and it has generated a good amount of interest from buyers.

Many of our listings that are in the $4 Million+ category are less liquid in this market even though many clients are taking advantage of low-interest rates. We took some of the residences off the market as sellers don’t want to reduce prices dramatically. One of the townhouses listed by us had a price reduction of more than $1 Million. The year 2020 was a breaking point for many sellers and brought to market buyers who hesitated and waited in prior years.

Photo Credit: Catherine Belove, Space Decor Studio

The post Upper West Side Real Estate Market Update And New York Activities, With Elliot Bogod appeared first on Haute Residence by Haute Living.