As ridiculous as this may sound or seem, most people do not fully understand or grasp “Real Estate”.

They think it’s a career, a job, a profession ..an Industry that doesn’t interest them. An Industry that they think has no bearing on their life, their future or their existence !

WAKE UP AMERICA ! It has everything to do with you.

Where you sleep , where you eat , where you go to school, the Hospital you go to, the home you grew up in, the place you open your business in, the pet hospital, the post office, the federal prison, the SPA you go to for facials …

Real Estate is every single piece of land, every single building, home, parcel ..around you, including the local pizzeria ..

How does it affect you ? Well ..let’s see ..will you rent forever ? will you ever be on a fixed income ? will you ever buy a home ? Will the cost of my pizza go up ? (YES it will when the rent goes up) ..will your family size grow ?

See……… Real Estate governs everything, it is essential to business and to living. We all need a roof over our heads ..EVEN the homeless go to shelters or build card board homes. ( OK. there’s always a wise guy out there somewhere 😉

When you think of making money what resource do you consider ? Stock broker ? Bonds ? Real Estate ?

Most Billionaires own billions in Real Estate, it makes money for you in 2 ways – income and appreciation !!

Including your cozy co-op, your lil house , your local post office ..get the big picture ..now. So many have encapsulated Real Estate as a separate entity and no one can live without it , in some way shape or form ! Deal with that reality ..

So get with the program, unlike other Real Estate Professionals who help you sell something, I want to help you buy something ! Something that will be yours, something that you can have and hold……..(. ha ha sound familiar..)

Until the next rant…………..I remain forever your rave.

Today’s topic is hot on everyone’s lips …all we hear in the news is Queens, when the Mayor and the Governor go head to head on a topic like SUNNYSIDE, you gotta STOP and WONDER …WHAT is going on in Queens ? What is on the agenda and WHERE should I invest ?

Well we know that the powers that be are fighting over SUNNYSIDE YARDS … clearly there is a reason for that. FUTURE PROJECTIONS show all the roads lead to QUEENS !! blah blah blah …I know you are all saying .. QUEENS ROCKS…right about now. Click the link or cut/copy and paste it… let’s tawlk !

http://ny.curbed.com/archives/2015/02/19/inside_sunnyside_yards_new_york_citys_next_megaproject.php

and

De Blasio Heralds Sunnyside Yards as Next Stuy-Town, Unveils Other Housing Details

Do you remember when ……. THE ATLANTIC YARDS project was first brought to the table ? Well I do, it was met with such opposition, clearly we see who won, and thankfully we have a booming real estate market and a gorgeous state of the art arena ! All courtesy of Bruce Ratner and our government officials who have vision and foresight coupled with deep, deep pockets !! BRAVO a job well done !

WELL …. let’s see who wins this battle, DeBlasio low-income housing or Cuomo’s Sunnyside Yards project ..my bet is on Cuomo. Let’s not get fooled it may just wind up a combo of the two like the Atlantic Yards …

So if you are in the market for a QUEENS home, look carefully hire a true blue professional like myself …yeah yeah I now I live in kings county but my life and heart are still in QUEENS….born in Astoria , then Whitestone , then College Point, then Bayside … I was nick named the “wandering Italian jew” LOL … No one knows Real Estate like I do !

Covering Queens county and Kings County, in love with the potential of THE BOOGY DOWN BRONX and everything else around us , above, below and side to side … 🙂 Real Estate is what I do, I study the markets just because,  I am all for advancement, and development…let’s bring it on QUEENS !!!!!

Have a question or concern …visit me at askimma.com !

Picture this, Brooklyn 2008….. the market bubble bursts wide open and most new construction development is dropping like a hot potato .. Developers are holing on to their shirts and buyers are extremely happy. Some people bought in at 40% savings…at many Brooklyn sites, The Satori and 189 Schermerhorn St have made the buyers there very very happy.

Its 2015 and the market has rebounded (almost 100% )in this south bklyn  market…… People who bought between 2008 and 2011 have seen a significant climb …. is this sustainable ?

OR is this another bubble in the making … speculators have mixed emotions on this topic..demand is high and supply is low, basic economics kicks in, this is 7th grade economics ..here nothing requiring a degree or doctorate to understand.

However If we look ahead to 2020, does that mean people buying today, (at a high number price per sq foot)  ..will they be at 100% profit ? Will the market stabilize in 2016 ? Will it go down ?

hmmm things that make me wonder .. 2016 is said to be bringing out many new developments 🙂 in this sector and other parts of Brooklyn as well………….as Manhattan markets fluctuate, is Brooklyn going to take a hit ?

My advice, buy real estate for a long term investment, buy location and buy close to a subway……. then wait and see what happens, worse case scenario you have a home. You have something you can sell ! What more can you ask for ?

When selling, buying or investing …why go anywhere else ! Ask Imma 🙂

Unfortunately today it appears that the only way to secure a home is to engage in a bidding war.

The actual real estate profession is becoming generic, what i mean by that is ..it doesn’t take much skill to run a bidding war. It’s actually elementary … and anyone can do this and in fact they are.

For Sale By Owner is now entertaining bidding wars, do you know what happens when you become generic ? Hmmmmm things that make you go hmmmmm.

Besides the simple fact that most of the apartments or homes  are priced under market, this can be anywhere from a small 3% to a high 20% isn’t rocket science, the result would be 100 people at an open house and multiple bids coming in … where is the winning bid landing ? That is the magic question .. !

Does anyone have an answer for this ? I hope an intelligent one 🙂

As Real Estate Professionals, we have knowledge and some of us actually have skill and a true passion for “REAL ESTATE” not just Real Estate the job …Some of us actually LOVE the Industry, the market ..the stats etc. Having VISION …seeing ahead to the next market !

Projection, vision and the ability to sell in any market is what brings value to Brokers.

What happens if we became generic ? The buyers stop bidding, the homeowners stopped listing ?

Hosting 1 open house and calling best/final diminishes our profession, skills and makes us generic.

I can rant about this topic all day and night, at times I wish someone would see the light on both sides of this very dark tunnel… the buyer v the seller ..where do they stand ?

The bigger picture is something that most people can’t see, so they look at the micro area and think this is great….slam dunk a 6% listing with 1 open house. WOW we are making Real Estate not only look easy but a no brainer …why would a professional do that ? Diminish their worth in an already uncertain business .. ?

Its a bizarre -o- practice and one day it will be realized …. what are your thoughts on this ?

I would love to hear from Brokers, Buyers and Sellers alike…

Engaging a Real Estate Professional – This should be at the top of your list when you are considering to purchase a home. If you had a tooth ache would you go at it alone ?

Interview at least 3 agents if you do not have a personal referral. Make sure the agent has experience , you both jive , and you remain loyal since we do not get paid until we close a deal. No one wants to work for free. (would you ? )

Ask for references ! Make sure they have experience with buyers, many listing agents only list and are not capable of matching a buyer with the right home. You are seeking a match maker with a proven record. Someone like myself.

Be selective ! Holy Moly you are about to put yourself in a huge amount of debt – choose wisely. Allow the professional to guide you and assist you in your desire to buy a home.

Share your Broker experiences with me ………… I love to listen !