NYC Real Estate | Columbia Vitolo Team at Compass | Todd Vitolo | Susanne Columbia

Compass Sports & Entertainment Division serves a very important niche market that is equal parts real estate and concierge services. Sports stars and entertainers often find themselves having to shift life and career plans in a moment’s notice, Compass SE is prepared to seamlessly guide them through any stage in their journeys whether in New York, Los Angeles, Miami, Boston, Washington DC, or beyond,” said Robert Reffkin, Compass Founder and CEO. The group is comprised of 100 Compass agents in key luxury markets across the country. The proprietary Compass Global network offers celebrities, professional athletes, and their agents instantaneous and discreet access to thousands of ultra high net-worth individuals (UHNWIs), developers, and top real estate professionals across the nation and internationally. Find more information here: https://columbiavitoloteam.com/compass-sports-and-entertainment-new-york/

Listing your home as a Compass Private Exclusive allows sellers in New York City several key benefits. When used as a complete marketing strategy it gives the benefit of collecting data and allowing your broker to dial in price, renovations, and marketing. Private exclusives are a discreet approach to marketing exceptional luxury properties. By listing your property as a private exclusive sellers are given the opportunity to soft market their properties to a smaller group of buyers without the risk of adding up days on the market. A Compass private exclusive listing is an off-market listing that can be shared by a Compass agent directly with other agents and their buyers. Property details aren’t disseminated widely and won’t appear on public home search websites. At any time during the private exclusive process, we can change directions and put the property on the public market without prejudice to the seller. See more here https://columbiavitoloteam.com/compass-private-exclusives/

Yes. Our team specializes in the sale of single family or multifamily residential properties in Manhattan. There are 30,000 licensed real estate brokers in NYC, only a handful have ever sold a townhouse, even less have sold more than a couple. Our team has sold many townhouses and are experienced in all aspects of selling townhouses in NYC. Learn more here https://columbiavitoloteam.com/new-york-city-townhouse-sales/

Yes buyers and sellers both will need to retain a real estate attorney to transact in NYC. Finding a good one is worth its weight in gold. As a seller, you should ask your broker for their favorite. As a seller, the role of your attorney should be, first and foremost, to help consummate the deal. The way you do this is first, by being responsive; second, by being pleasant and non-confrontational; and third by doing what they need to do to get the contact signed for you. When a seller hires an attorney that does not specialize in residential sales in NYC, you tend to see a much slower pace. As a buyer, ask for referrals from your realtor and any of your friends that have purchased. Being responsive and experienced with NYC real estate is a must. See more here https://columbiavitoloteam.com/a-good-real-estate-attorney-is-worth-their-weight-in-gold/

Closing costs for a seller can vary. The main closing cost for sellers is the listing brokerage fee. This fee is typically 6% of the sale price in NYC. Then comes your attorney fee, NYC and NYS transfer taxes, if it is a Co-Op there may be a flip tax charged to you the seller. In total the closing costs for a seller in NYC can range from ~8% to 10% depending on whether it is a condominium or Co-Op. Your real estate attorney will provide you an estimate prior to signing the contract to sell. Below is an itemized list of all NYC real estate closing costs. https://columbiavitoloteam.com/purchasing-nyc-realestate/closing-costs/

You should have a buyers agent looking out for your best financial interests. The onsite sales team in a new development works for the sponsor and their job is to get the sponsor the highest price. Their fiduciary duty is not to the buyer. Sure, they are knowledgeable and want to make the deal happen but having a buyer’s broker on your side that is experienced in new development purchases will be able to see beyond what is being offered to you, and give you the ability to look behind the curtain. Having a seasoned agent to advise you on how easy it will be to resell down the road is also very important.

No you can shop for an apartment without a buyers agent. But you are at a disadvantage by not using one. Here's why: 1. The listing agent works for the seller. They have a legal obligation called a fiduciary duty to the seller to get them the highest possible price. The listing agent has to be truthful to all buyers however they have no obligation to get you the buyer the best possible price. This is true regardless of how nice they are. This is not something that should be discounted. Having access to the data that StreetEasy provides does not make one an expert on the complicated and often opaque NYC market. A seasoned buyers agent can provide you with deep insight into not only the appropriate value but also how profitable the property will be when it comes to reselling it down the road.