The term “Vulture Fund” is used sometimes in real estate and other investments, and, as the metaphor suggests, is money earmarked for the purchase of a distressed asset. Often the instrument purchased is debt; if you have a loan or credit card you go south on, after it is charged off by the creditor it goes on […]

Earlier this summer I was contacted by a Manhattan resident who found me on the Internet and wanted me to show her and her husband some seven figure priced homes in an affluent suburb about 2 towns over. They chose me for a number of reasons, and our communication prior to our first meeting was […]

Three days ago, after 43 years of life, 9 years of marriage, and 4 children, Ann passed her drivers test. I know it may sound crazy that a suburban wife and mother, to say nothing of a partner in an active brokerage didn’t drive, but that was how things were. When we met in 1999, […]

Just a friendly reminder from a New York -based broker swimming in the shark tank of liability that discussions between brokers on commissions, M & Ms, jelly beans, or anything relating to compensation for brokering real estate is a big problem and potential liability for your broker. Two agents constitute discussions between two brokerages.  Big problem. Not […]

I originated mortgages full time for 5 years in the early 2000s. I worked for both mortgage brokers, who place loans with 3rd party lenders, and, as they are termed in New York, mortgage bankers, who are direct lenders. Up until recently, it was hard for a guy off the street to distinguish between the […]

I love building my team, my brand, and my organization. If it wasn’t “mine” with my good name, there are things that I do that I might not otherwise. But that goes for anyone who is a principal in an organization. My days recently have been a measure of Radar O’Reilly, a dash of Patton, […]

After reading a remark by John Elwell, I had a thought about virtual tours: in this area, at least, they seem to have run their course. Not long ago, a few years perhaps, many brokers offered virtual tours. I seldom see them anymore. Our MLS now has the capacity for 30 home photos, plenty for […]

Just listed: This 2338 square foot 4 bedroom 3 bath 1920’s Lewis Bowman designed New England colonial on over a third of an acre in Pelham Manor. Boasts a rocking chair porch, patio, ample parking, and gorgeous landscaping outside. Inside is exquisite, charming, and updated: Stainless steel kitchen appliances, butler pantry, huge living room with […]

This is the market report for the single family home sale activity for the county seat, White Plains, for July of 2010. The city has a number of zip codes, as well as many other types of housing (multi family, condos, co ops) and I can break the activity down down by zip code or property […]

One of the no-no’s of our industry, I thought, was the practice of knocking a business model that differs from our own. It doesn’t edify the industry, it certainly doesn’t make us look very good to consumers, and it often backfires anyway. Moreover, the criticisms are often unfounded. We recently dealt with an agency that […]

Perhaps you know Ethyl. She’s been around a while, and takes every opportunity to tell you so. The details of her background are a little murky, as she was originally licensed in the real estate Mesozoic Era, but she just prefers the term “35 years in the business” which she repeats a minimum of 1.2 […]

  I have blogged before that not all short sales get a seller 100% absolved of their debt. New York is not  a non- recourse state.  Sometimes, the bank wants cash at closing or proposes a small installement note after closing. It is rare, but it happens, and it is often linked to the seller’s […]

I think that only the Northeast has highways that could almost be classified as “pre war.” Here in Westchester County, many of our highways are passenger cars only parkways, with old stone overpasses that do now allow commercial vehicles enough clearance to pass through. They aren’t interstates by a long shot, but they are busy […]

This post was inspired by the recent Agent Genius article entitled “Realtor matching Ends- Are Agents Just Insecure Posers?” The article examines the circumstances around the Houston Association of Realtors program that (shutter) disclosed how many homes member agents sold in a given locale. Very transparent move if you ask me. But the program was ended. But […]

When I was first licensed in 1996, the idea of a professional stager to prepare a home for sale was about a foreign as trying to sell a house on “The Internet.” In other words, a good place to waste money. Everyone knew that you sold houses on the MLS, the Sunday supplement, and the […]

5 Cool Things About Briarcliff Manor, NY Our fire trucks are white. No, the Dalmatians are not red.  Downtown was in the first episode of Saturday Night Live in one of the videos. You can see the Briarcliff Hardware Store on Pleasantville Road clearly.  Howard Stern’s first job out of college was at WRNW-FM, which was in […]

Croton on Hudson’s real estate market appears solid and on the upward trend compared to one year ago. The transaction total is up, the median sales price is up $15,000 to just over half a million, and there are 11 homes under contract, up from 9 last month in this beautiful village on the scenic […]