Bob Knakal

🌟Luxury Market Update🌟: 30 contracts signed in Manhattan for properties priced at $4M+, matching the previous week’s total. Notably, the 30-contract total exceeded the 10-year average of 27 contracts for the week leading up to Memorial Day. Of the 19 condo contracts, 12 were Sponsor deals that saw an average reduction of 16% after spending an average of 1,484 days on the market. 🥇The #1 signed contract was a townhouse at 53 East 77th Street listed at $26M. This Georgian house spans 34 feet in width and consists of 6 stories totaling 14,500 sq ft. The property, which is commercially zoned, was previously owned by notable entities such as Funk & Wagnalls and Cello. The current sellers, who are antique furniture dealers, acquired the house for $17.35M in 2007. 🥈The #2 signed contract was for Apt.15/16 at 515 Park Avenue listed at $25M. This duplex condo features 6,514 sq ft of space, including 6 bedrooms, 4 bathrooms, and 2 powder rooms. The sale also included a wine cellar and a studio apartment. The property boasts an impressive 15th-floor entertainment area complete with a spacious living room, dining room, breakfast room, library/billiards room, and a terrace overlooking Park Avenue. Upstairs on the 16th floor, there is a 30-ft master bedroom, 4 additional bedrooms, and a media/theater room. The sellers had purchased the unit for $21M in 2006. High-end properties continue to attract robust interest and competitive offers. Please don’t hesitate to reach out to me anytime to learn more. Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

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Trial and error wastes time. Time is too precious to waste. Ask senior people for guidance to avoid the thousands of mistakes you will make via trial and error. #knakalknuggets #nycrealestate #investmentsales

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What Do Bernie Madoff and Michael Bloomberg have in common? They both applied to purchase apartments in New York City cooperative buildings, the vertical country clubs that make up nearly 70% of the for-sale housing stock in New York City. - They both had glowing reference letters - They both had sterling balance sheets - They both were approved to purchase their apartments One went on to become the world’s best known con man. The other one of the best mayors in history, and a world-class philanthropist. Makes you wonder if there’s any way to improve the vetting process, doesn’t it? What do you think? 🧠 If you found this helpful, Join over 22,000 subscribers for more actionable tips to grow your real estate business and enhance your entrepreneurial skills http://eepurl.com/g7ldCH

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If you are looking for nonperforming notes or distressed assets, I'll be breaking down 188 nonperforming notes at 12 pm CST TODAY on my YouTube channel. You can join in at HTTP://WeCloseNotes.tv. This is a mixed bag of vacant reverse mortgages that are in default and over 100 first liens that are also NPN's. #distressednotes #noteinvesting #noteinvestor #nonperformingnotes #realestateinvesting #notebuyer #DME

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Renovate or Relocate? 3 Questions To Help You Decide 🏡💼 Are you at a crossroads with your current home? Unsure whether to renovate or relocate? Brosda and Bentley Realtors provide insights to help you navigate this challenging decision. 🏘 Delve into the considerations surrounding potential costs, long-term financial implications, and quality of life impacts associated with both options. Explore how renovations can breathe new life into your existing space, addressing issues like dated kitchens and bathrooms or adding extra rooms for growing families. 👨‍👩‍👦‍👦 Alternatively, weigh the benefits of relocating, especially in light of changing work-from-home dynamics and shifting lifestyle preferences. Whether you're considering a major remodel or a fresh start in a new location, this article offers valuable guidance to steer you in the right direction. 🛠🚚 #BrosdaandBentley #MiamiJustListed #ArmaniCasaMiami #BrosdaandBentleySellingPH #brosdaandbentleyrealtors

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Manhattan Luxury Market Update week of 4/8–4/14. 18 contracts signed last week in Manhattan at $4M+. That was 8 fewer than the previous week. Condos outsold coops 14-2 with 2 townhouses making the list. More numbers: - Avg. condo asking price: $7,596,607 - Avg. condo price per SF: $2,770 - Avg. coop asking price: $6,997,500 - Avg. townhouse asking price: $6,472,500 - Avg. townhouse price per SF: $1,660 - Avg. discount from original asking price to last ask: 8% - Total weekly asking price sales volume: $133,292,500 #ny #newyork #newyorkcity #brooklyn #miami #miamibeach #palmbeach #fortlauderdale #boca #tampa #fisherisland #nyrealestate #nycrealestate #luxury #lux #luxuryrealestate #luxurylifestyle #architecture #interiordesign #invest #investor #fashion #luxepropertiesmia #luxelivingmiami #bocaratoncommunity #floridarealestate #florida #finance #miamirealestate

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Let's Answer Some Frequently Asked Questions About Real Estate 1️⃣ How do I determine the value of my Property? Property value is determined by factors like location, size, condition, amenities, and comparable sales in the area. You can hire a professional appraiser to get an estimate 2️⃣ What Should I Consider When Buying A Property? Consider factors such as location, neighborhood, budget, size of the property, amenities, resale value, and potential for appreciation. 3️⃣ How Can I Improve The Value Of My Home? Improving curb appeal, updating kitchens and bathrooms, adding energy-efficient features, and enhancing outdoor living spaces are common ways to increase a property's value. 4️⃣ Should I Rent Or Buy A Home? It depends on your financial situation, long-term plans, and personal preferences. Renting offers flexibility, while buying can build equity over time. 5️⃣ How Do I Choose A Real Estate Agent? Look for agents with local market knowledge, experience, good communication skills, and a strong track record of satisfied clients. Referrals from friends or family can also be helpful. 6️⃣ What Is A property Inspection, And Is It Necessary? A property inspection is a thorough examination of a property's condition, including its structure, systems, and components. While not mandatory, it's highly recommended to uncover any potential issues before finalizing the purchase. Did you find this helpful? Let me know in the comments All thanks to Haoma Worgwu 🤝🤝ValCares #Thoughtleader #Lifelonglearning #20dayslinkedInchallengewithHaoma #growth #realestate #virtualassistance

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"REO Deal Flow: Become An REO Listing Broker and Create Real Estate Deal Flow" is your comprehensive guide to mastering the REO (Real Estate Owned) market and building a successful career as an REO listing broker. Authored by industry expert Michael Linton, this book provides valuable insights, practical strategies, and actionable steps for navigating the complex world of REO properties. Introduction to the REO Market Start your journey by understanding the fundamentals of the REO market. Learn what REO properties are, how they differ from other real estate investments, and why they present unique opportunities and challenges. Gain a solid foundation in the terminology, processes, and key players involved in the REO industry. Becoming an REO Listing Broker Discover the steps to becoming a successful REO listing broker. From obtaining the necessary licenses and certifications to building relationships with asset managers and lenders, this book covers everything you need to know to get started. Learn how to position yourself as a trusted expert in the REO market and attract lucrative listing opportunities. Creating Effective Marketing Strategies Marketing is crucial to your success as an REO listing broker. This book provides detailed guidance on developing and implementing effective marketing strategies. Learn how to leverage digital marketing techniques, such as SEO, content marketing, and social media, to reach potential clients. Discover the importance of building a strong online presence and creating compelling marketing materials. Navigating the REO Listing Process Master the intricacies of the REO listing process. From conducting property evaluations and preparing listings to negotiating offers and closing deals, this book offers step-by-step instructions and practical tips. Understand the unique challenges associated with REO properties and learn how to overcome them to achieve successful outcomes. Enhancing Client Relationships Building strong client relationships is key to long-term success in the REO market. Learn strategies for understanding client needs, providing personalized service, and maintaining regular communication. Leveraging Technology and Innovation Stay ahead of the curve by embracing technology and innovation. This book explores the role of technology in the REO market, including the use of CRM systems, data analytics, and automation tools. Learn how to implement these technologies to streamline your operations, improve client experiences, and gain a competitive edge. Building a Resilient and Adaptable Business The REO market can be volatile, and resilience is essential for long-term success. This book provides strategies for building a resilient and adaptable business. Learn how to manage risks, navigate market fluctuations, and plan for contingencies. Discover the importance of financial resilience, effective risk management, and business continuity planning.

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"In its filing, PulteGroup says its divisions listed thousands of homes on multiple listing services and paid commissions to brokers representing buyers on resulting sales, qualifying the company as a member of the settlement class. However, Pulte says 'several procedural factors' have impacted the company’s efforts to evaluate whether remaining in the settlement class is the right decision for the business." If they choose not to remain under the class action - Pulte would reserve the right to go after the defendants directly and recoup (some much larger?) portion of the amount they paid to buyer's agents. 1. Do you think this the best choice for Pulte? 2. Will NAR (and others) see this as Pulte being negative to agents? Or just following where the legal process is taking them? 3. Will other builders join the fray? 👀🍿🫣 #marketproofmarketing #homebuilders #homebuilding #newhomesales #newhomemarketing #NAR #realestate

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The May 2024 Luxury Market Report from ILHM notes that Single-Family Luxury Homes are in a Seller's Market with a 30.24% Sales Ratio. Attached Luxury Homes are in a Sellers Market with a 24.38% Ratio. A major trend in luxury real estate is the concept of a curated luxury lifestyle. As a result, this growing trend in personal goods is impacting not only fashion, but luxury real estate as well.

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Realize that your main assets are the teammates around you. Treat them like you need them, because you do. #knakalknuggets #nycrealestate #investmentsales

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Counterintuitively, working "on" your business is more important than working "in" your business, even though working in your business is what makes you money. #knakalknuggets #nycrealestate #investmentsales

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🚨 EMERGENCY TRAINING 🚨 In response to the major changes in the real estate brokerage industry, Sell It and I have created an emergency training for any real estate agent who works, and wants to continue working with, buyers. New rules go into effect in August, so you have three months to retrain yourself. SO starting today, you will have a three month head start on everyone else because I’m going to teach you how to become an AoV (Agent of Value). This training will help you navigate the rule changes, position your value, and above all, advocate not just for yourself, but also for your business, your clients, and the rest of the real estate community. At the end of the day, our jobs have always been to provide the best service to people who need them. And do it honestly, ethically, and morally. If you’ve been following me for a while, you know that I care about transparency above all else so I’m actually a fan of our future!!! Let’s do better together and create the transparency we all agree this industry needs, OK? Oh. Also. If you want 20% off on the course, the code is FNAR👇🫡

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What Does Contingent Mean in Real Estate? 🏠 This article examines the definition of contingency, how the status relates to other terms in real estate, and how contingencies can affect the outcome of a potential sale. 🔗: https://lnkd.in/erpkrgww Have questions or need help navigating through the buying process? Feel free to reach out! #Contigency #RealEstate #BuyerTips #RealtorTips

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