Real Estate Investing in New York by Christina Kremidas

Co-op Requirements vs Condo Freedom

Thu, 22 May 2025 06:00:00 -0400

In this I'm breaking down the surprising truth about co-ops versus condos in New York City real estate. While co-ops are known as the more affordable option with lower purchase prices, I'll show you the shocking math that reveals they actually require MORE income and cash on hand than their pricier condo counterparts.

Through a detailed side-by-side comparison of a $1M co-op and $1.25M condo, I'll expose how co-op down payment requirements, debt-to-income ratios, and post-closing liquidity demands dramatically change the affordability equation.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking among the top 1.5% of licensed Agents in the United States for Sales Volume and among the Top 10 highest producing Small Teams at Douglas Elliman Real Estate.

Beyond her professional achievements, Christina is deeply involved in the NYC community. She is a founding Steward at St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with Christina:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 "The co-op math ain't mathing"
1:19 Setting up the comparison: $1M co-op vs. $1.25M condo
3:47 Breaking down financing options and down payment requirements
6:19 Analyzing debt-to-income ratio requirements
9:29 Calculating income requirements
11:52 Post-closing liquidity requirements
14:14 Comparing closing costs
16:22 Co-op requires $200K more cash and $30K higher income

Douglas Elliman CEO Shares Secrets To Success in Real Estate and Life

Thu, 15 May 2025 06:00:00 -0400

In this episode of Real Estate Investing in New York, I'm thrilled to sit down with the remarkable Michael Liebowitz, CEO of Douglas Elliman Real Estate, whose journey from Staten Island to leading one of the most prestigious luxury real estate brands is nothing short of inspirational. Michael's genuine approach to business, from trusting his gut on a game-changing insurance deal to manifesting success through visualization, showcases why he's not just a brilliant business mind, but truly one of the most down-to-earth leaders I've encountered.

About the Guest:
Michael Liebowitz serves as the President and Chief Executive Officer of Douglas Elliman and as a member of our Board of Directors. Mr. Liebowitz is an entrepreneur, private investor, and seasoned business executive with extensive experience founding, acquiring, and monetizing businesses in the insurance and financial industries.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking among the top 1.5% of licensed Agents in the United States for Sales Volume and among the Top 10 highest producing Small Teams at Douglas Elliman Real Estate.

Beyond her professional achievements, Christina is deeply involved in the NYC community. She is a founding Steward at St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with Christina:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Michael Liebowitz Introduction
3:03 Michael's humble beginnings and background
9:10 The insurance transaction story that put Michael on the map,
17:38 Douglas Elliman's brand positioning in the high-end luxury real estate market
28:55 Achieving exclusivity with major companies like General Motors, Goldman Sachs, and JP Morgan
39:15 Michael's perspective on leadership intuition
43:52 The future of the real estate industry and AI technology
47:27 Michael's forecast for the 2025 residential real estate market
50:01 Michael's beliefs on visualization, manifestation, and the importance of personal development for success

What Your Real Estate Attorney Should Be Asking

Thu, 01 May 2025 06:00:00 -0400

Jonathan Movtady graduated from the University of Florida in 3 short years with a Bachelor of Arts in Business Administration. He also studied International Business, while living abroad, at Universitat Autonoma de Barcelona. After that, he earned a Juris Doctor at the University of Miami School of Law. Shortly thereafter, Jonathan was admitted to the New York & New Jersey Bars in early 2011. Jonathan has been practicing Real Estate Law ever since. Cl

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking among the top 1.5% of licensed Agents in the United States for Sales Volume and among the Top 10 highest producing Small Teams at Douglas Elliman Real Estate.

Beyond her professional achievements, Christina is deeply involved in the NYC community. She is a founding Steward at St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with Christina:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Jonathan Movtady Introduction
5:49 What due diligence entails
8:13 Analyzing building financials
14:11 Key factors in building financial health and detecting warning signs
21:11 Special considerations for new development buildings and litigation risks
28:28 Consequences of inadequate due diligence and potential financial impact
31:00 Christina's personal story of poor due diligence experience
50:22 Sponsor ownership concerns and important questionnaire topics

Negotiating Strategically? Consider the Appraisal First.

Thu, 24 Apr 2025 06:00:00 -0400

Welcome back to Real Estate Investing in New York with me, Christina Kremidas. In this episode, we are talking about how to maximize your property's value by leveraging the appraisal, a critical part of the purchase and sale process that can make or break your transaction in the competitive New York market.

About the Host:

Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking among the top 1.5% of licensed Agents in the United States for Sales Volume and among the Top 10 highest producing Small Teams at Douglas Elliman Real Estate.

Beyond her professional achievements, Christina is deeply involved in the NYC community. She is a founding Steward at St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with Christina:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Andrew Goodman of Gotham Valuation Introduction
1:46 What an appraisal is and its importance in the mortgage process
3:34 When sellers or buyers should proactively call an appraiser before the bank does
7:39 Personal bias in appraisals versus market reactions to property features
9:49 Using appraisals strategically in negotiations to provide reality checks on pricing
12:34 What to do when an appraisal comes in under the contract price
21:54 The law of diminishing returns on renovations
27:02 How outdoor space affects property value
31:21 The impact of views on property value
35:03 Duplex apartments and how they impact property value
37:45 The value of ceiling height in apartments
39:17 Whether adding bedrooms or bathrooms increases property value
42:03 Impact of building amenities on property value, especially in remote locations
44:20 How subway proximity affects property values in different neighborhoods
47:41 Considerations for land lease buildings
50:53 The value of in-unit laundry versus building laundry facilities
57:11 Limitations of using price per square foot as a valuation metric

Disclaimer: All information provided by Christina Kremidas and/or Douglas Elliman is furnished strictly for educational and entertainment purposes only. Christina Kremidas is licensed in the State of New York. Some concepts discussed here may not be relevant in other states. The principles covered here are general statements, every concept mentioned here may not be applicable to you. Christina Kremidas/Douglas Elliman is not making any legal or financial recommendations. You agree that use of the information contained in any content provided by Christina Kremidas and/or Douglas Elliman is at your own risk.

NYC’s Biggest Real Estate Deal May Be Hiding in It’s Office Buildings

Fri, 18 Apr 2025 06:00:00 -0400

About the Guest:
Avery Reavill is an experienced deal maker in New York City working diligently for both tenants and owners. Avery’s thoughtful approach with consistent communication will give you the confidence and support needed to navigate all transactions in the commercial market.

Prior to joining Okada & Company, Avery worked as a Tenant Representative at Gold Properties NYC. This foundation exposed him to a variety of business owners, all facing unique challenges when searching for a space to best facilitate their growth. Avery’s proactive mindset helps deliver positive results to all his clients.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking among the top 1.5% of licensed Agents in the United States for Sales Volume and among the Top 10 highest producing Small Teams at Douglas Elliman Real Estate.

Beyond her professional achievements, Christina is deeply involved in the NYC community. She is a founding Steward at St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with Christina:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Avery Reavill introduction and background
2:52 Debunking the stigma around commercial properties and discussing current market opportunities
6:04 How banks and property owners are handling commercial real estate loans
10:11 How landlords are renovating spaces to attract new commercial tenants
15:22 How to find good commercial property deals and the importance of working with a broker
18:16 The Midtown South rezoning plan and its impact on the Garment District
27:23 Why having a commercial real estate expert on your team is valuable
43:51 Which NYC neighborhoods currently offer the best commercial real estate deals

The Revival of Great Gatsby New York

Thu, 10 Apr 2025 06:00:00 -0400

Are you seeing what I'm seeing? We are in the midst of a new cultural renaissance in New York City, with a return to 1920s Great Gatsby glamour transforming everything from our restaurants and homes to fashion and music."

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Introduction to "The New York Cultural Renaissance"
1:20 New York's Evolving Dining Scene & Restaurant Design Trends
3:54 The Return of Luxury Food Culture (Caviar & Martinis)
6:00 Shift from Hustle Culture to Domestic Luxury Living
12:30 Interior Design Trends: Rich Colors, Wood & Vintage Elements
17:20 Fashion Revival: Fur, Designer Labels & Statement Jewelry
19:41 Music Shift: The Return of Positive, Uplifting Music
25:39 What This Cultural Renaissance Means for Real Estate

The Golden Age of NYC Co-ops is Dead?!

Thu, 03 Apr 2025 06:00:00 -0400

Financing restrictions are rampant in co-op buildings—it's really their main way of weeding out people that they don't feel are prestigious enough to live in these buildings, and the way they do that is by limiting the percentage that you can finance.

In this episode, I'm going to let you decide if the prestige and appeal of co-ops in New York City has dwindled as we cover everything you need to know about this evolving real estate landscape.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps
0:00 Episode introduction
1:24 Overview of condos as a newer, more flexible property type
4:37 Co-ops explained: exclusivity and ownership structure
7:07 Shift in buyer preferences from co-ops to condos
9:12 Co-op financing restrictions as a barrier to entry
11:41 Subletting policies and community aspects of co-ops
13:19 Financial requirements: debt-to-income ratio and post-closing liquidity
17:29 The co-op interview process and potential discrimination issues

5 Reasons the Financial District is NYC's Hottest Investment Opportunity

Thu, 27 Mar 2025 08:00:00 -0400

The Financial District is finally rebranding, and I am here for it. Welcome back to Real Estate Investing in New York with me, Christina Kremidas, and in this episode, we're discussing the great rebrand of the Financial District, so stay tuned as we cover everything from luxury developments to high-end dining and why this neighborhood is about to experience a major boom.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: / christina.kremidas
TikTok: / christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-va...
The Virtual Agent Experience: https://christinakremidas.com/virtual...

Timestamps
0:00 Introduction to the 5 key reasons why FiDi is booming
0:53 The Financial District is worth investing in
1:16 History of the Financial District, particularly post-9/11 decline
2:34 The waterfront advantage of the Financial District
3:30 The area's architecture and aesthe

Buying New Development in NYC: Hidden Savings and Dangerous Pitfalls

Thu, 20 Mar 2025 06:00:00 -0400

When it comes to new development buildings in New York, there are major pros and cons that buyers need to understand before jumping in.

In this episode, I'll break down everything you need to know about purchasing in these luxury properties, from the unique negotiation strategies that can save you hundreds of thousands to the timing issues that could leave you waiting months longer than expected.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Episode Introduction
1:45 Helping viewers make informed decisions about new developments
2:16 PROS: Different negotiation approach in new developments
5:37 Benefits for financing buyers
8:32 PRO: Brand new apartments with high-quality materials and no previous owners
10:30 PRO: Warranty benefits and prestige associated with new luxury developments
14:18 PRO: No board approval process and simplified purchase compared to co-ops
15:20 CONS: No guaranteed timing for completion and lack of buyer recourse for delays
22:38 CON: One-sided contracts favoring developers with limited recourse for buyers
27:56 CON: Higher closing costs in new developments and why broker representation is essential
32:16 CON: Potential construction malfunctions after move-in with real examples
38:44 CON: Walkthrough process concerns and declining priority after closing
42:40 The critical importance of experienced broker representation in new development purchases

The Art of Living in NYC

Wed, 19 Mar 2025 11:00:00 -0400

Welcome back to Real Estate Investing in New York. On this episode, we have a phenomenal artist with groundbreaking work - my friend Courtney Kinnare is joining us to talk about everything from her sustainable art practice to the evolving NYC real estate market.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: / christina.kremidas
TikTok: / christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-va...
The Virtual Agent Experience: https://christinakremidas.com/virtual...

Timestamps

0:00 Episode Intro
1:15 Courtney's background and art
2:58 Courtney's custom chess sets
6:36 NYC apartment horror story
9:55 Recovering from injury in NYC
13:03 Art market trends for 2025
15:50 Changing NYC real estate preferences

Buying in NYC? This New Form Changes EVERYTHING.

Mon, 10 Mar 2025 14:00:00 -0400

There's a new piece of paper that if you're a buyer in NYC, you're going to need to sign. In this episode, I'm explaining how recent changes to real estate commission disclosures affect both buyers and sellers in New York City.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: / christina.kremidas
TikTok: / christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-va...
The Virtual Agent Experience: https://christinakremidas.com/virtual...

TImestamps
0:00 Introduction
0:35 NYC real estate disclosures and new policies
1:05 Commission changes and how they affect buyers and sellers
3:30 How real estate commissions historically worked
6:44 Benefits of the traditional system for buyers
11:48 Introduction to the new buyer agency agreement form

What Every NYC Buyer Should Ask Their Lender

Fri, 28 Feb 2025 13:00:00 -0500

Welcome back to Real Estate Investing in New York, where I'm your host Christina Crus, helping you achieve future financial success through intelligent real estate investment decisions. On this episode, I'm thrilled to have phenomenal mortgage lender Carrie Morrison from Citizens Bank joining us, alongside my teammate Joseph Tesoriero, as we dive into everything you need to know about the current market, interest rates, and strategic mortgage decisions in 2025.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: https://www.instagram.com/christina.kremidas
TikTok: https://www.tiktok.com/@christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-valuation
The Virtual Agent Experience: https://christinakremidas.com/virtual-agent

Timestamps

0:00 Episode Introduction
1:34 Increased buyer activity and market momentum in 2025
3:41 Citizens Bank's competitive position
5:20 The importance of monitoring rates between locking and closing
7:20 Interest-only loan features and benefits
8:18 Explanation of adjustable-rate mortgages (ARMs)
12:10 How to determine if refinancing makes sense (cost vs. savings)
15:35 How rate fluctuations affect monthly payments
17:04 Important questions to ask lenders when comparing options
18:43 Why your personal bank might not be the best mortgage option
20:18 Building exceptions and what they mean for buyers
22:35 Insurance requirements and building approval challenges
24:41 How exceptions work and the importance of having options
26:16 Christina's personal condo purchase story and lessons learned
28:50 Emotional aspects of home buying in NYC
31:26 Work personality vs. home personality in real estate
35:35 NYC real estate prices now vs. 5 years ago (post-COVID comparison)
38:32 Hottest property types in the current market (condos, brownstones, one-bedrooms)
41:17 Importance of pricing properties correctly in today's market
45:18 "Coming soon" marketing strategy for listings
49:58 Episode wrap-up and teaser for next episode

The $1M Lesson NYC Brokers Keep Missing

Wed, 19 Feb 2025 21:00:00 -0500

Welcome back to Real Estate Investing in New York, where today I'm joined by my amazing team - Katherine Bender, Maryia Yakushevich, and Joseph Tesoriero - as we dive into what's coming up for 2025 and share some incredible stories from our recent deals.

You're going to hear everything from our successful pre-market strategy that landed a full-price offer on day one in Tribeca, to the wild tale of selling in Trump Tower during an unprecedented security lockdown, so stay tuned because we're covering it all to help you achieve future financial success by making intelligent real estate investment decisions today.

About the Host:
Christina Kremidas is a lifelong New Yorker who brings her extensive background in advertising to her successful real estate career in Manhattan. Her personal experience as a property investor and landlord in New York City gives her unique insight into her client's needs, while her negotiation expertise and market knowledge have quickly established her as a top-performing agent, ranking in the top 5% at her first firm in 2018.

Beyond her professional achievements, Christina is deeply involved in her community as a founding Steward at the St. Nicholas Greek Orthodox Church and National Shrine at the World Trade Center, where she serves on the Parish Council and leads social media, marketing, and young adult initiatives.

Get in touch with me:
Instagram: / christina.kremidas
TikTok: / christina.kremidas
Check out my website: https://christinakremidas.com/
Email me: Christina.Kremidas@elliman.com

What Is Your Property Worth?: https://christinakremidas.com/home-va...

Meet the team: https://christinakremidas.com/team

Are Interest Rates Declining? Are Prices Going Up? It’s not as simple as you think

Wed, 08 Jan 2025 05:00:00 -0500

Welcome to Episode 55 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram and Tiktok

*Please note that this episode was filmed on late 2024*
In this episode, we are discussing the potential NYC real estate market outcomes for 2025. Though we are still being teased with the potential for interest rates to further decline, it seems like movement will not be as dramatic as we hoped due to out overall strong economy.
However, even a small decline in interest rates will surely stimulate the market and create more competition among buyers. But it’s not that simple. There are many other factors that will affect the real estate market this year. Please enjoy this episode and remember to comment with your own thoughts or questions!

Are you purchasing in NYC? I would love to answer your questions!

I hope you find this information helpful, and please reach out to me if you have any questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my website

The Financial District: Neighborhood Deep Dive

Fri, 20 Dec 2024 14:00:00 -0500

Welcome to Episode 54 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram and Tiktok

In this episode, we are discussing the Financial District’s best and worst features in great detail, as well as my tips and opinions on the best buildings to invest in when it comes to this neighborhood.

Are you purchasing in NYC? I would love to answer your questions!

I hope you find this information helpful, and please reach out to me if you have any questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my website

Genius Tax Tricks: Make Your Real Estate Work For You With Yvette Sadovoy

Tue, 19 Nov 2024 05:00:00 -0500

Welcome to Episode 53 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram and Tiktok

In this episode, we have a special Guest, Tax Professional Yvette Sadovoy of Savvy and Suite with us spilling the tea on how to maximize the benefits of your NYC Real Estate to save you money instead of handing it over to the IRS! Some of the tips she shares seem so obvious but are commonly missed by tax preparers, and others are more intricate concepts that you’ll only hear here!

Are you purchasing in NYC? I would love to answer your questions!

I hope you find this information helpful, and please reach out to me if you have any questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my website

LOCAL LAW 11: Beneath All the Scaffolding is Your Building’s Biggest Expense

Sun, 20 Oct 2024 05:00:00 -0400

Welcome to Episode 52 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram and Tiktok

In this episode, I’m sharing the most important information that NYC property owners must know about Local Law 11: mandatory facade maintenance required for all buildings with 6+ stories. This is usually the most expensive project that condo & co-op buildings have to fund, and it happens every 5 years! Make sure you know what to look for so you aren’t caught holding the bag.

Are you purchasing in NYC? I would love to answer your questions!

Neighborhood Deep Dive: What To Know About Battery Park City, NYC

Fri, 11 Oct 2024 05:00:00 -0400

Welcome to Episode 51 of REAL ESTATE INVESTING IN NEW YORK!!
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Are you purchasing in NYC? I would love to answer your questions!

Where exactly is Battery Park City? Is it a good investment? What’s it like to live there? How accessible is it? What’s the deal with the land lease? What are the best BPC buildings to buy in? Covering this and much more in today’s episode!

Attention NYC Tenants & Landlords! What to Know About Proposed Broker Fee Legislation

Thu, 22 Aug 2024 05:00:00 -0400

Welcome to Episode 50 of REAL ESTATE INVESTING IN NEW YORK!!
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Are you purchasing in NYC? I would love to answer your questions!

In this Episode, I’m summarizing the main ideas of a proposed bill called Intro360 which aims to delegate who is responsible for paying Real Estate Broker fees for rental transactions in New York City. In order to decide for yourself what your opinion on the legislation is, and how this will affect you if the bill is passed, you’ll need a fundamental understanding of the state of the market that got us here, the ‘business-as-usual’ methods that are currently implemented for moving rental listings, and the effects that this legislation would create. You’ll learn everything in this episode. I hope you find it informative. This is important and timely information, so please share it with a friend who would benefit from hearing about this!

Description:

In this episode, I’ll teach you how to renovate your NYC residence for maximum return on your investment. I’m explaining which home improvements are money-makers, and which you’ll end up taking a loss on. The key to renovating an apartment with the intent of selling is to achieve a modern, clearly ‘renovated’ aesthetic, while omitting unnecessary features and expenses that will not increase the price your home sells for.

I hope you find this information helpful, and please reach out to me if you have any questions!

Health! Wealth! Love! Fame! The Power Of Feng Shui with Ellie Benigar

Thu, 15 Aug 2024 05:00:00 -0400

Welcome to Episode 49 of REAL ESTATE INVESTING IN NEW YORK!!
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Are you purchasing in NYC? I would love to answer your questions!

In this episode, Ellie Benigar takes us in a journey through her extensive knowledge of Feng Shui principles to develop an understanding of how we can improve our lives using the energy in our home. Ellie’s mission is to elevate people’s lives, and her work is intuitive and transformative.
Reach Ellie at fengshuiwithellie.com

Prepare Yourself: High Taxes Due At Closing For NYC Real Estate

Thu, 08 Aug 2024 05:00:00 -0400

Welcome to Episode 48 of REAL ESTATE INVESTING IN NEW YORK!!
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Are you purchasing in NYC? I would love to answer your questions!

In this episode, we are discussing all of the various taxes that must be paid at the closing table when you are buying or selling real estate in NYC. These taxes make up the bulk of your closing costs, and they can get extremely expensive! The good news is, knowing these costs in advance can get you some additional savings while you are negotiating on the property.

Description:

I hope you find this information helpful, and please reach out to me if you have any questions!

Renovate For ROI: Home Upgrades You’ll Make Your Money Back On

Fri, 19 Jul 2024 21:00:00 -0400

How To Get Real Estate Offers Accepted: It’s Not Just The Price That Matters!

Thu, 11 Jul 2024 10:00:00 -0400

Welcome to Episode 46 of REAL ESTATE INVESTING IN NEW YORK!!
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Are you trying to win the bid against other buyers for real estate property in New York City? It’s not always easy! In this Episode, I’m sharing exactly how I craft winning offers. It is important to remember that a winning offer is NOT just the highest price. You need to communicate that you are highly qualified, highly interested in the residence and that you are dependable and trustworthy. I’m breaking down the exact wording of my winning offers so you can have a good chance of winning the property of your dreams! Please remember that I am ALWAYS here for you and thrilled at the opportunity to work as your Buyer’s Agent to negotiate on your behalf. Email, call or text me anytime to discuss!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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2024 NYC Real Estate Market Update & Meet Our Newest Team Member!

Thu, 27 Jun 2024 08:00:00 -0400

Welcome to Episode 45 of REAL ESTATE INVESTING IN NEW YORK!!
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Is 2024 a good time to buy or sell a home? I’m joined by Joseph Tesoriero and Katherine Bender of The Christina Kremidas Team to discuss the current NYC Real Estate market dynamics, key negotiation and advertising strategies we have been implementing to get deals done better, client case studies, and we are introducing our newest team member!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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The Good, The Bad, and The Ugly: What to Expect When Getting Into Real Estate

Fri, 31 May 2024 05:00:00 -0400

Welcome to Episode 44 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, I’m sharing my personal experiences and advice for those considering becoming a real estate professional. This is information that a lot of my listeners have asked for, and I hope you find it helpful! Please send me feedback and let me know if you still have outstanding questions! By the end of this episode you’ll have an accurate idea of whether you’ll do well in a real estate career, as long as you are honest with yourself while listening!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Baring All! The Ultra-Invasive Co-Op Approval Process

Thu, 23 May 2024 05:00:00 -0400

Welcome to Episode 43 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, we are discussing all the details you will need to reveal about yourself in order to get approved by a co-op board. We touch on which types of buyers typically are the best match for a co-op building, and who should stay away! You’ll also learn about the most important criteria that all co-ops use to qualify applicants. By the end of this Episode, you’ll have an accurate understanding of whether or not you want to entertain the idea of buying in a co-op!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Top 5 Brooklyn Neighborhoods to Invest in Right Now

Thu, 09 May 2024 05:00:00 -0400

Welcome to Episode 42 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, In this episode, I’m sharing the neighborhoods I recommend most often for Brooklyn specifically to my Buyers and Investors who are interested in maximizing their long-term appreciation.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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What Does It Take To Be A Top Agent? Your Questions Answered

Fri, 19 Apr 2024 05:00:00 -0400

Welcome to Episode 41 of REAL ESTATE INVESTING IN NEW YORK!!
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In this episode, you’ll get to learn more about my team! Today’s Guest Maryia Yakushevich is a member of my team with several years experience in the industry, and she is sharing her personal experiences in the business. We discuss what motivates us, what makes a successful agent, and what sets The Christina Kremidas Team apart as award-winners.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Top 4 Manhattan Neighborhoods to Invest in Right Now

Thu, 11 Apr 2024 05:00:00 -0400

Welcome to Episode 40 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

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In this episode, I’m sharing the neighborhoods I recommend most often to my buyers and investors who are interested in maximizing their CAP Rate and long-term appreciation.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Zillow Gives You A Buyers Agent (Whether You Want One or Not). Here's Why.

Thu, 04 Apr 2024 05:00:00 -0400

Welcome to Episode 39 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, we are talking more about the Buyer’s agent and how & why websites like Zillow and StreetEasy are linking you up with Buyer’s Agents when you inquire on properties. We are also talking about what to look for when choosing a Buyer’s Agent!
Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Why Your Buyer's Agent is Critical in NYC and How to Find A Great One

Thu, 28 Mar 2024 05:00:00 -0400

Welcome to Episode 38 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

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In this Episode, I’m discussing the role of a Buyer’s Agent and their importance. Just as you hire your own Real Estate Attorney to represent your best interests, the same goes for your Real Estate Broker. New York City buildings have rigorous processes that require a professional to help you navigate. It is imperative to choose a Buyer’s Agent who has the expertise help you identify the best opportunities and help you achieve your goals.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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No Property Taxes? This New Program is Changing the Brooklyn Real Estate Market

Thu, 21 Mar 2024 05:00:00 -0400

Welcome to Episode 37 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, I’m updating you on the latest opportunity in the world of Real Estate Investing, Gowanus! This hidden gem near Park Slope and Carol Gardens once known for its industrial nature is being converted into a residential neighborhood that will soon bring thousands of people to the area.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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10 Common Character Traits of Wealthy People, based on my experience with HNWI clientele

Thu, 14 Mar 2024 05:00:00 -0400

Welcome to Episode 36 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, we take a break from the real estate market and dive into the common traits of my wealthiest clientele. Here in NYC, I am constantly meeting new people and often notice similar characteristics among HNWIs. Did I forget any traits here? Let me know your thoughts!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Due Diligence! What to Expect After your Offer Is Accepted

Thu, 07 Mar 2024 05:00:00 -0500

Welcome to Episode 35 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, we dive deep into the intricacies of the attorney’s due diligence process and the necessary steps after your offer on a property is accepted. Whether you are engaging in a transaction for a Condo or a Co-op, understanding the due diligence process is critical.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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How to Negotiate the Best Discount on Your NYC Properties

Thu, 22 Feb 2024 17:00:00 -0500

Welcome to Episode 34 of REAL ESTATE INVESTING IN NEW YORK!!
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In this episode, I’m sharing tips to negotiate the best deal on your NYC apartment. You’ll learn about a specific property type that offers prime opportunities to secure substantial discounts. I'm sharing various negotiation techniques, empowering you with the knowledge and strategies needed to clinch the best deals in this competitive market. Of course, your offer is the strongest when you are represented by an expert Buyer’s Agent, but it is important to understand the details of your negotiation!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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What will happen to the Real Estate Market in 2024? Beat The Competition by Timing it Right

Thu, 15 Feb 2024 20:00:00 -0500

Welcome to Episode 33 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

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In this Episode, I’m discussing what I expect will happen for NYC real estate this year and reviewing key data point indicators that are shaping the current market trends in Manhattan and Brooklyn.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Strengthen Your Offer Using Your Mortgage!

Wed, 20 Apr 2022 07:00:00 -0400

Welcome to Episode 32 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, we have Michael Goldberg, Loan Officer at Roundpoint Mortgage, on with us sharing how to you can leverage various aspects of your Mortgage to strengthen your offer, get approved for a higher purchase price, and become more competitive than other buyers in this crazy, challenging market.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Discover the value of your home

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Meet The Team! Chatting with The Christina Kremidas Team at Douglas Elliman Real Estate

Fri, 25 Mar 2022 12:00:00 -0400

Welcome to Episode 31 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, we are doing a fun intro Q & A with Anna Horbata and Joseph Tesoriero, my Founding members on The Christina Kremidas at Douglas Elliman Real Estate. I hope you enjoy getting to know them!

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 32, where I will have Michael Goldberg, Loan Officer at Roundpoint Mortgage, on with us to discuss how you can strengthen your offer by leverage various aspects of the mortgage.

Discover the value of your home

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How to Find the Best Investment/Rental Properties in NYC

Thu, 24 Mar 2022 07:00:00 -0400

Welcome to Episode 30 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

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In this Episode, I'm sharing the exact steps and tools to use to identify which rental properties in New York will earn you the money you need to meet your financial goals! This is an episode I've been asked to make numerous times, so I hope you find it helpful! If you have any questions after watching, send me an email and I'll help you one-on-one.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Broker as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 31, where I'll be introducing you to Anna Horbata and Joseph Tesoriero, my amazing team members on The Christina Kremidas Team at Douglas Elliman!

Discover the value of your home

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Sharing Everything That Is Coming In 2022!

Thu, 03 Mar 2022 07:00:00 -0500

Welcome to Episode 29 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, I'm sharing everything that we have coming in 2022, including topics that will be covered on the show.

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 30, where I will be sharing how to identify the best, most lucrative investment properties!

Discover the value of your home

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Where Have I Been? Recapping The Past Year & Where We Are Headed!

Fri, 25 Feb 2022 07:00:00 -0500

You guys have been wondering what happened to Real Estate Investing in New York!! I appreciate all of your messages and emails and am so happy to announce that after a very busy year the show is back for good with regularly scheduled programming! I now have a professional team to ensure that these Episodes look and sound amazing, and that I am able to share Episodes regularly. Thank you all for being here! 🙏 Cheers to setting ourselves up for a future of financial success by making intelligent real estate investing decisions today!

HOW TO WIN in a Seller's Market As a Buyer

Fri, 23 Apr 2021 07:00:00 -0400

Welcome to Episode 27 of REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, I'm sharing exactly how to present yourself properly to a Seller/Seller's Agent so that you can WIN your #1 choice property at the best price possible.

Topics covered in this episode:

☆ My most important tips for winning in a Seller's market:
- Show that you are qualified: get pre-approved by a REPUTABLE lender
- Demonstrate your intent, that you are serious
- Don't be a stranger, show who you are
- Explain your employment security
- Be as flexible as possible
- Get creative with negotiating
- Work with a qualified and reputable Buyer's Agent
☆ Some things that I personally do to win deals for my Buyers against the competition:
- Build confidence in the seller's agent and the Seller
- Get very creative negotiation
- identify the pain points on both sides of the transaction and negotiate against those
- Communicate open line of communication and solid working relationship with all members of the Buyer's team: mortgage loan officer and attorney
☆ Best practices for planning your move/logistics

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 28, where I will be sharing how to identify and purchase your first NYC rental property! to your questions! Be sure to send me your real estate questions via instagram DM or by email!

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Growth-mindset/inspiration podcast, NEW YORK & BEYOND

Check out my website

NYC Apartment Purchase TIMING: It's longer than you think!

Thu, 15 Apr 2021 02:00:00 -0400

Welcome to Episode 26 in my Series REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, I'm sharing the timeline for the purchase process condos and co-ops in NYC. I'll bet you are going to be surprised at how long it actually takes to get from the apartment search phase all the way to the closing table!

Topics covered in this episode:
☆ Overview of the property purchase process:
- Apartment search
- Offer and acceptance
- Due diligence
- Contract signing
- Mortgage Loan approval
- Purchase application for the building
- Board interview (for co-ops)
- Closing
☆ Why the timing of the purchase is very unpredictable
☆ Common causes of delay
☆ Best practices for planning your move/logistics

Are you purchasing in NYC? I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 27, where I will be sharing answers to your questions! Be sure to send me your real estate questions via instagram DM or by email!

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Growth-mindset/inspiration podcast, NEW YORK & BEYOND

Check out my website

LAND LEASE BUILDINGS IN NEW YORK: Should you buy? Everything you need to know.

Thu, 01 Apr 2021 00:00:00 -0400

Welcome to Episode 25 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Like and Share this podcast, it is SO appreciated!

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In this Episode, I'm sharing everything you need to know about Land Lease Buildings in NYC, and the financial implications that you may experience if you own one.

Would you buy in a Land Lease Building? Leave your thoughts in the comments!

Topics covered in this episode:
- Price difference between land lease buildings and regular buildings
- Property Tax differences between land lease buildings and regular buildings
- The options that a Land Lease building has when its lease expires: Lease renewal and its implications, and Purchase of the Land and its implications
- Assessments to unit owners in Land Lease buildings
- Mortgage approval challenges in Land Lease Buildings

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 26, where I will be sharing answers to your questions! Be sure to send me your real estate questions via instagram DM or by email!

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Growth-mindset/inspiration podcast, NEW YORK & BEYOND

Check out my website

Would You Get Approved by a Co-op? The 3 Financial Requirements You MUST Meet

Mon, 22 Mar 2021 21:00:00 -0400

Welcome to Episode 24 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Like and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, I'm sharing the 3 most important financial criteria that every co-op board looks at when reviewing your application for purchase, along with some other important requirements!

Would you buy a co-op? Leave your thoughts in the comments!

Topics covered in this episode:
- DTI (Debt to Income Ratio)
- Post-Closing Liquidity
- Length of Employment in your current industry
- How the co-op boards analyze each of the above when determining their decision on your approval.

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 25, where I will be sharing answers to your questions! Be sure to send me your real estate questions via instagram DM or by email!

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Self Improvement/Lifestyle podcast, NEW YORK & BEYOND

Check out my website

The Covid-19 Funding Provision: You MUST HAVE This Mortgage Protection if You Are Buying in 2021!

Thu, 04 Mar 2021 02:00:00 -0500

Welcome to Episode 23 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Like and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, I'm sharing why the standard Mortgage Contingency leaves you with huge exposure for risk, and how the new Covid-19 Funding Provision is a necessary layer of added protection for you as a buyer during this highly volatile time.

Did you know that the Mortgage Contingency does NOT protect you in the final stages of the transaction? So many people do not know this, so be sure you get this critical information in this episode.

Thank you to Real Estate Attorney Milan Reyngach of Reyngach Law, P.C. for clarifying the details of the Covid-19 Funding Provision for me so that I was able to properly communicate the facts to you.

Building your team is important when engaging in a real estate transaction, whether you are a Buyer or a Seller. Check out my most highly recommended Real Estate Attorneys, Mortgage Lenders, Inspectors and Movers.

Topics covered in this episode:
- What is a Mortgage Contingency?
- How the standard Mortgage Contingency does NOT protect you all the way up to your closing date.
- What is the Covid-19 Funding Provision, and why you should push to have it in your contract?

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 24, where I will be sharing the financial requirements that Co-Ops look for when they are reviewing your application.

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Self Improvement/Lifestyle podcast, NEW YORK & BEYOND

Check out my website

Top 5 New York Neighborhoods to Invest in NOW

Thu, 11 Feb 2021 07:00:00 -0500

Welcome to Episode 22 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Like and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, I'm discussing the 5 best neighborhoods to invest in in 2021. Whether you are looking to buy an apartment, a private house or even just land, I am breaking down the neighborhoods where you can get the most value for your money.

For those of you who want to know my top 5 neighborhoods right now, here they are:

Manhattan:
- Financial District
- Upper East Side

Brooklyn:
- Windsor Terrace
- Greenwood Heights
- Sheepshead Bay

I would love to what neighborhoods you have your eyes on!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don’t miss Episode 23, where I’ll be sharing the details on what exactly a Mortgage Contingency is, what the new Covid funding provision is and why you should have it in your contract!

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Self Improvement/Lifestyle podcast, NEW YORK & BEYOND

Check out my website

LEVERAGE THE BANK APPRAISAL For a Winning Offer

Thu, 28 Jan 2021 22:00:00 -0500

Welcome to Episode 21 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Like and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, I'm discussing how you can utilize one of the most important parts of the property purchase process, the Bank Appraisal, as a tool to strengthen your offer so you can win the bid on the property of your choice without having to only drive up the asking price when competing against other buyers.

Here’s the summary:

- An appraisal is done whenever you are getting a mortgage omg a property. It is not done when you’re paying cash.

- The appraisal is the bank's assessment of the value of the property.

- Quick overview of the bank appraisal implications and how a low appraisal affects your transaction.

-4 options that you have if the bank appraisal comes in low.

- Why you are much more appealing to a seller if you are financing less.

- 3 hacks to craft a much stronger offer by leveraging the appraisal.

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don’t miss Episode 22, where I’ll be sharing my top recommended New York neighborhoods to invest in right now.

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Self Improvement/Lifestyle podcast, NEW YORK & BEYOND

Check out my website

THE LOWBALL OFFER: Should You Do It? How to Shave the Most Money off the Asking Price

Thu, 21 Jan 2021 07:00:00 -0500

Welcome to Episode 20 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Like and Share this video, it is SO appreciated!

THIS EPISODE IS ALSO ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, we are discussing the Lowball Offer and how it can actually sabotage your entire real estate negotiation! I provide you with both the Purchaser’s and Seller’s point of views when it comes to a negotiation that begins with a lowball offer, and alternative negotiation strategies that will allow you to shave MORE money off the asking price and salvage your transaction. Some of this information I learned during my training to become a Certified Negotiation Expert, and most of the info covered here is from my first-hand negotiation experience.

Here’s the summary:

An offer far below the asking price actually insults the seller.
It’s always best to place an initial offer that is not too far below the price that you actually wish to pay for the property.
If you are looking to have $20,000 off the asking price, the best idea is not to begin the negotiation $40,000 under - your initial offer should not be ‘double below’ the amount you’re trying to save.
In a real estate transaction, there is a very long road between an agreement on price and the closing date. The purchase process take months, and the beginning stages of the deal, the negotiation, is very much like dating the person on the opposing side. You want to start out on the right foot and show mutual respect. The Seller is going to choose to engage with a buyer that they are most comfortable working with for an extended period of time.
Negotiation requires both sides feeling good.
Starting out respectfully in a negotiation and acting in a transparent, honest, genuine and ethical fashion will ensure that you can tackle all of the issues that inevitable arise throughout the purchase process. When a seller and a buyer has a difficult relationship, small issues can sabotage an entire deal.

Don’t miss Episode 21, where I’ll be sharing how to leverage the Appraisal to strengthen your offer without increasing your bid.

Discover the value of your home

Please subscribe to this channel and leave a positive review, it is so appreciated!

Check out my other series, NEW YORK & BEYOND
Check out my website

Getting a Mortgage in New York? What You Need to Know

Mon, 11 Jan 2021 21:00:00 -0500

Welcome to Episode 19 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe and leave this podcast a positive review, it is SO appreciated!

THIS SERIES IS ALSO ON YOUTUBE: https://www.youtube.com/watch?v=pIuOMLKhnJ4&feature=youtu.be

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram: https://www.instagram.com/downtownnat...

In this Episode, we are discussing everything you need to know about the Mortgage process tor NYC Real Estate. By the end of this episode you will have an understanding of what is required to be approved for a mortgage, the stages of the mortgage process, how the bank analyzes whether your property of interest is a sound investment, and how Covid has affected the process of getting a mortgage.

Our guest for this Episode is Michael Goldberg, Senior Loan Officer at Freedom Mortgage.

Here is Michael Goldberg’s contact information:
Cell: 917-642-1462
Office: 718-621-5626
Website: freedommortgage.com/michael.golberg
Email address: Michael.Goldberg@freedommortgage.com
Office Locations:
9120 4th Ave Brooklyn NY 11209
1928 Williamsbridge Road Bronx, NY 10461
1150 South Avenue Suite 304-B, Staten Island, NY 10314

Questions that Michael answers in this Episode:

✩ Why it is important to get pre-approved for a mortgage before shopping for apartments
✩ What is required from the Purchaser, and how long it typically takes to obtain a pre-approval letter
✩ The differences between a Pre-Qualification letter, a Pre-Approval Letter, and a Commitment Letter
✩ The main differences between a fixed rate and Adjustable rate mortgage, and when you would choose them
✩ What the process of getting building approval entails
✩ The main differences between a mortgage for a Primary Residence and a mortgage for an Investment apartment that will be rented out
✩ How the mortgage approval process differs for someone who is self-employed vs a W2 employee
✩ Everything you need to know about the the Bank Appraisal, how it effects the mortgage loan approval, and what you can do if your bank appraisal comes in low.

Don’t miss Episode 20, where I’ll be talking about the ‘Lowball’ offer and why you should never do it.

Discover the value of your home: https://bit.ly/2Z91OLE

Thank you guys for being here! Please subscribe so you can keep up with new episodes!

What to Know Before You Sign: NYC Real Estate Contracts & Due Diligence

Wed, 18 Nov 2020 13:00:00 -0500

Welcome to Episode 18 in my Series REAL ESTATE INVESTING IN NEW YORK!!

THIS EPISODE IS ALSO ON YOUTUBE: https://youtu.be/iiM2vv8A62A

Contact me:
Email: christina.Kremidas@elliman.com
Instagram: https://www.instagram.com/downtownnat...

In this Episode, we are discussing the due diligence process tor NYC Real Estate. Key topics include:

- The most important things to look for in your contract
- The most important building documents to review
- How to find out if unexpected building fees lie ahead
- Can you really trust an attorney that is recommended to you by your real estate agent?
- The new clause that you should have in your contract for added protection in a Covid environment

Our guest for the Episode is Real Estate Attorney Milan Reyngach from Reyngach Law.

Here is his contact information:
Reyngach Law, P.C.
Email: mreyngach@reyngachlaw.com
Phone: 646-762-8888
Address: 85 Broad Street, 17th Floor, Suite 17-052
New York, NY 10004

Questions that Milan answers in this Episode:

☆ What are the main components of the Due Diligence process?
☆ What are Board Meeting Minutes, and why are they so important to review?
☆ What is a condo/co-op offering plan, and why is it important to review?
☆ What are the most important elements to review in the Offering Plan?
☆ What is a Proprietary Lease, and why is it important to review?
☆ What are House Rules, and why are they important to review?
☆ What are the main things you are looking for when reviewing building financials, and do you have guidelines for what you consider 'good financials' vs. 'bad financials'?
☆What is the Purpose of the Building Questionnaire, and what are the most important questions included in it?
☆ What are the most important elements in a Real Estate Contract of Sale?
☆ The Due Diligence process typically takes 1-2 weeks to complete. What are the main reasons why we might experience a delay in the Due Diligence Process?
☆ How does your Due Diligence process differ for each property type: Condo, Co-op, Private House?
☆ What kinds of issues could result from Due Diligence that was not conducted thoroughly enough?
☆ What is a Title Search, and why is it important?
☆ What types of properties require a title search?
☆ Does a title search cost money?
☆ What do Real Estate attorney fees typically cost?
☆ What are the most important characteristics of a good attorney that should be considered when a Buyer or Seller is deciding who is best to represent them in a transaction?
☆ What is the craziest thing you ever saw in a Real Estate Sales contract?
☆ How has Covid changed the Real Estate Due Diligence process?

Don’t miss Episode 19, where I’ll be talking about the Mortgage Process!!

Discover the value of your home: https://bit.ly/2Z91OLE

Please subscribe to this podcast leave it a positive review - it is SO appreciated! Thank you!

Home Inspections in NYC Apartments: Are They Necessary?

Tue, 10 Nov 2020 19:00:00 -0500

Welcome to Episode 17 in my Series REAL ESTATE INVESTING IN NEW YORK!!

YOU CAN ALSO WATCH ON YOUTUBE: https://www.youtube.com/watch?v=4R-uH1AJEDg&t=963s

Contact me:
Email: Christina.Kremidas@elliman.com
Instagram: https://www.instagram.com/downtownnat...

In this Episode, we are discussing everything you need to know about Home Inspections and Building Inspections in New York City.

Our guest for the Episode is Peter Panagopoulos, P.E. LEED AP
Peter is a Home Inspector and Engineer in New York with a background in Construction.
Peter’s company is Pantec Engineering: https://pantec-engineering.com/
Peter’s Cell # is (347) 575-2903

Questions that Peter answers in this Episode:

☆What do you charge for an inspection and what do your typical inspections include?
☆What are the most common issues you find on inspections in NYC buildings?
☆What is a problem that most people may think is not serious that ends up being a costly repair?
☆Are there any issues that come up a lot that worries your clients that usually ends up not being a huge issue?
☆What are you looking for when you access the roof and basement of a building?
☆Do you look for different things in a condo / co-op building than you look for in a private home?
☆Water damage/leaks: when is it a real issue vs. minor issue?
☆How do you spot water damage?
☆Do older buildings have more issues than new buildings?
☆Is there ever a circumstance when doing an inspection is NOT necessary?
☆For someone who is not choosing to have an inspection done, what ☆would you recommend that they look for as a sign of an issue?
☆What is the craziest thing you ever saw on an inspection?

Don’t miss Episode 18, where I’ll be talking due diligence!!

Discover the value of your home: https://bit.ly/2Z91OLE

Please subscribe to this podcast and leave a positive review - it is SO appreciated!! Thank you in advance!

My Top 30 Real Estate Tips for Buyers & Sellers

Wed, 14 Oct 2020 14:00:00 -0400

Welcome to Episode 16 in my Series REAL ESTATE INVESTING IN NEW YORK!!

THIS SERIES IS ALSO ON YOUTUBE:
Watch: https://www.youtube.com/watch?v=Vez5QUwqnB0&list=PLizl0_41aCfl_bFhI1KUp8upypyqSZIF1&index=16

Contact me:
Email: christina.Kremidas@elliman.com
Instagram @downtownnative: https://www.instagram.com/downtownnat...

My Top 30 NYC Real Estate Tips for buyers and sellers.

BUYER TIPS:
1. Credit score affects your mortgage interest rate.
2. Place initial offer close to the price you want to pay for the apartment instead of way below.
3. A property priced below market value is using a pricing strategy that is going to end up in a bidding war.
4. There are ways to save money in a transaction that don’t involve just negotiating down the sale price.
5. To save cash, consider financing a bit more than you originally planned to, offering more $ for the apartment and requesting a closing credit = to the amount of the increase.
6. Have an inspection and be observant: property issues aren't always disclosed.
7. Once you sign a contact for a property and enter into a formal agreement to purchase, expect to immediately second guess it.
8. For more space and a yard at a good value, check out Washington Heights and Brooklyn.
9. Keep in mind Warren Buffet's investing principle which also applies to real estate.
10. Have an idea of your most important property must-haves, but do not sweat your ‘nice to have’s’.
11. Make your offer more competitive by putting more $ down in cash.
12. Be prepared for closing costs!
13. Do not let your pride get in between you and a successful negotiation.
14. Be clear on the differences between a co-op and a condo.
15. There are significant extra closing costs on New Devs that = almost 2% of the purchase price.

SELLER TIPS:
1. Don't accept an initial offer.
2. Always respond with a counter offer vs no response.
3. Always stage an empty apartment.
4. If you are selling an apartment that is furnished and the buyer is getting a mortgage, when it comes time for the appraisal do not mention the value of the furnishings.
5. Be sure that you are clear on the 3 pricing strategies and when to use them!
6. Host as many open houses as possible.
7. Always opt for professional photos!
8. Respond promptly to any offers that come in.
9. Do not be in the home during open houses / showings.
10. Be honest with your real estate agent.
11. Keep all upgrades you make to your home prior to listing as generic as possible.
12. If you choose to upgrade one thing in your home before listing, make it the kitchen.
13. Lighting is very important. Replace your bulbs with daylight bulbs.
14. Empty out closets so that buyers can see their depth.
15. It is best to keep emotions out of the transaction and focus on the end goal.

Don’t miss Episode 17, where I’ll be talking about due diligence!!

Discover the value of your home: https://bit.ly/2Z91OLE

Please subscribe to this podcast and leave a positive review!

Getting into Real Estate: What to Expect, How to Succeed & My Personal Experience

Thu, 10 Sep 2020 14:00:00 -0400

Welcome to Episode 15 in my Series REAL ESTATE INVESTING IN NEW YORK!!

THIS EPISODE IS ALSO ON YOUTUBE:
https://www.youtube.com/watch?v=p_5L1TG9hFE&feature=youtu.be

I created this episode specifically because so many of you asked for it. I am discussing everything you need to know if you are interested in getting into real estate.

If you are interested in a career in real estate and would like to work with me, email Christina.Kremidas@elliman.com

WHAT I DISLIKED ABOUT OFFICE LIFE:
★Job security dependent on client’s budget.
★ Waiting for review season for promotion.
★ Pre-determined processes.
★ Requesting days off.
★ Income wasn't directly correlated to level of effort or talent.

REAL ESTATE IS DIFFERENT:
★ I am in control of income.
★ I am fully autonomous.
★ I choose who to work with.
★ Always can look at scenarios w/ fresh perspective.
★ Every client experience is a clean slate.
★ Complete freedom.

The idea of getting into real estate & being my own boss brought me the greatest sense of calm I had ever felt in my life, so I knew I had to do it.

WHEN I GOT STARTED:
★ I did not have sales experience.
★ I did not have experience in real estate other than personal experience.
★ I did not have a portfolio of clients or connections looking for real estate.

WHAT I HAD:
★ Basic understanding of purchase process from buying a condo in NYC.
★ Knowledge of NYC neighborhoods: had lived in Manhattan for 9 years.
★ Roots in Brooklyn: I expanded my area of coverage to BK.
★ Prior experience in Advertising: communication w/ clients & working long hours.
★ Some $ in savings.

THE 2 SCARIEST THINGS FOR ME:
★ Giving up my salary.
★ Being my own boss.

JOIN A TEAM OR WORK INDEPENDENTLY?
★ Team benefits: getting to work on existing clients, training by the team.
★ Independent Agent benefits: more freedom, autonomy, first-hand learning.

COMMISSION SPLIT:
★All commissions are split with your brokerage.
★ Negotiate for the highest % split.
★ If you are interviewing with a team, ask how your commission split will work.

I chose to join a small brokerage as an independent agent where I knew that I would get the training and support that I needed.

MY RESULTS:
★ I completed ~ 20 transactions in my first year.
★ I was ranked in the top 5% of agents at the entire company.
★ Won 1st place for # of deals closed within my department.
★ I am now at Douglas Elliman, a larger brokerage with more brand recognition.

MY ADVICE FOR SOMEONE GETTING INTO REAL ESTATE:
★ Spend a lot of time weighing which firm you want to join.
★ If you do not want to join a team, I recommend joining a small firm that offers training.
★ A brokerage that offers leads/clients is ideal.
★ Negotiate for a better commission split.

THINGS TO KNOW ABOUT WORKING IN REAL ESTATE:
★ You work 24/7.
★ You are showing apartments to clients when they are not working (evenings and weekends). During typical work hours, you are getting new clients, negotiating deals, working with attorneys and lenders, scheduling client appointments etc.
★ A real estate transaction is an emotional experience for the client. You need to be able to deal with people and talk them through the biggest change of their life.
★ You must anticipate issues and have the solution figured out before it happens.
★The most successful agents are highly organized.
★ I recommend having some money saved. Managing your money becomes more important. Pay checks are not always consistent. Taxes are not taken out of your commission check.
★ Must be optimistic.

Email me: Christina.Kremidas@elliman.com
Instagram: @downtownnative
Please subscribe to this podcast and leave a positive review! It is so appreciated!

How Covid Made Getting a Mortgage Harder than Ever, and How to Strengthen Your Offer Despite it

Mon, 24 Aug 2020 21:00:00 -0400

Welcome to Episode 14 in my Series REAL ESTATE INVESTING IN NEW YORK!!

YOU CAN ALSO VIEW THIS EPISODE ON YOUTUBE:
https://www.youtube.com/watch?v=0Tc60UJ0spg&t=3s

In this Episode, I’m explaining how Appraisals have become an issue in this new ‘Covid environment”. Scroll down for the notes!

Don’t miss Episode 15, which will be a bit more personal (by popular demand!). I’ll be talking about how I transitioned careers into real estate, how I started my career and tips for anyone who may be interested in getting into the industry.

If you ever have Real Estate related questions, feel free to Email me anytime: christina.Kremidas@elliman.com

Follow me on instagram: @downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the episodes I post!

Notes on this Episode:
The Appraisal is only done when you are getting a mortgage to purchase the property.
It is the Bank’s way of confirming that the price you are paying for the property is not more than the market value.

The Bank sends an Appraiser to the property to check the overall condition, size, features and amenities, and compares their findings against recent comparable sales to come up with a property value.

If you are getting a mortgage, there is an amount of money that you plan to put down in cash, and the remainder of the price of the property is covered under financing
For example, if you are buying a property worth $1M, and you plan to put down 20% and finance the remaining 80%, then you will be putting down $200,000 of your own money in cash, and the bank will be going you $800,000. This also means that the Loan to Value Ratio from the bank is 80%.
However, the Bank will only lend you that 80% of the APPRAISED value of the property, NOT the price that you were willing to pay for it

So what happens when the bank is not willing to give you the full amount that you need?
Ultimately, if you want the property, you need to figure out how to come up with the balance owed. Technically, if your contract has a mortgage contingency, since the bank is unable to lend you the full amount you are allowed to walk away from the deal and get your contract deposit back.

You can try to re-negotiate the purchase price with the seller and see if they will accept less, and keep the deal moving.
If the seller refuses, and you do not have the cash to come up with the balance, you need to see if the bank can lend more funds than they previously agreed to.

How has Covid made this even more complicated?
In certain areas, Covid has property values all over the place
Some people wanted to sell hastily, and were willing to take a loss on their apartment, throwing off the rest of the comparables in the building and in the neighborhood.

Banks also became more conservative with their appraisals simply because they are hesitant to take on any extra risk during this time.

When does a low appraisal NOT put financing in jeopardy?
When a buyer is able to put down more than 20% in cash, they are much more appealing to a Seller because a low appraisal is much less of a threat to the deal.

Please rate and share this podcast if you've been finding it helpful! I am immensely grateful!

Inside the Mind AND WALLET of a Real Estate Agent

Wed, 05 Aug 2020 13:00:00 -0400

Welcome to Episode 13 in my Series REAL ESTATE INVESTING IN NEW YORK!!

You can also watch on YouTube: https://www.youtube.com/watch?v=OqAJyfZTM-E&list=PLizl0_41aCfl_bFhI1KUp8upypyqSZIF1

Or search 'Christina Kremidas' on YouTube

In this Episode, I’m what really motivates a Real Estate Agent, and whether you can really trust your agent!

Topics covered in this Episode:
☆ What really motivates your Real Estate Agent
☆ The biggest goals of a Real Estate Agent
☆ How much money Real Estate Agents make
☆ How commissions work
☆ Whether your Real Estate Agent is really negotiating for you
☆ The role of a Buyer’s Agent
☆ How much of a difference in the property sale price changes your Real Estate Agent’s commission, and what they actually take home

Don’t miss Episode 14, where I’ll be talking about how appraisals work, how appraisals have caused complications during Covid, and the best way to combat it and make your offer the strongest in a Covid environment.

If you ever have Real Estate related questions, feel free to Email me anytime: christina.Kremidas@elliman.com

Follow me on instagram: @downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

Please subscribe to this podcast and leave a positive review!!

NYC Closing Costs: How much to budget and what drives them up/down

Mon, 20 Jul 2020 20:00:00 -0400

Welcome to Episode 12 in my Series REAL ESTATE INVESTING IN NEW YORK!!

You can also watch this series on YouTube: https://youtu.be/LTNwxTltBRE

Also, check out my new website! ChristinaKremidas.com

In this Episode, I’m explaining everything about closing costs. I am providing example REAL closing costs for a both a condo and a co-op being purchased for $1,000,000 - for scenarios with and without a mortgage. After watching this video, you should be able to estimate your own anticipated closing costs with a pretty solid level of accuracy. I am also showing ways to seriously reduce your closing costs. You'll see how the range of closing costs can greatly vary - the examples I cover here range from $3,700 to $42,000, and every scenario assumes the same purchase price !!

Closing Costs differ between Condos and Co-ops, and typically include:

CONDO:
☆ Attorney fee
☆ Bank Fees
☆ Mortgage Application Fee
☆ Mortgage Processing Fees
☆ Appraisal Fee
☆ Bank Attorney Fee
☆ Tax Escrow collected by the bank
☆ Recording Fees
☆ Building Application fees
☆ Title Insurance
☆ Mortgage Tax
☆ Mansion Tax

CO-OP:
☆ Attorney fee
☆ Bank Fees
☆ Mortgage Application Fee
☆ Mortgage Processing Fees
☆ Appraisal Fee
☆ Credit Report Fee
☆ Bank Attorney Fee
☆ Lien Search fee
☆ UCC-1 Filing fee
☆ Recognition Agreements fee
☆ Building Application fee
☆ Mansion Tax

Thank you Milan Reyngach, Real Estate Attorney: https://www.reyngachlaw.com/team

Don’t miss Episode 13, where I’ll be sharing how to best work with your Real Estate Agent and how your agent is working in your best interests.

If you ever have Real Estate related questions, feel free to Email me anytime: Christina.Kremidas@elliman.com

Follow me on instagram: @downtownnative
Check out my website: ChristinaKremidas.com
Discover the value of your home: https://bit.ly/2Z91OLE

Please subscribe to this podcast and write me a review, I truly appreciate it! Your 5-star reviews help this podcast full of free and valuable information get recommended to more people❤️

Thank you all for listing, love you guys!

16 Tips to Ace the Co-op Board Interview

Thu, 25 Jun 2020 22:00:00 -0400

Welcome to Episode 11 in my Series REAL ESTATE INVESTING IN NEW YORK!!

In this Episode, I’m sharing exactly what TO say, and what NOT to say to pass your Co-op Board Interview. Of course you are always going to tell the truth (liars always lose), but just as you would in a job interview, you want to make sure that you are highlighting the most positive things about yourself. It is important to understand what the Board values, so you can address their questions properly!

Topics covered in this Episode:

☆ Why you must read the House Rules prior to the interview
☆ What to do for small children or pets if they are requested to attend the interview
☆ How early you need to arrive and why
☆ What to wear and how to prep yourself
☆ How to give off relaxed body language
☆ Operate under the rule “anything you say can and will be held against you”
☆ Only provide information you are specifically asked about
☆ What to do about politics
☆ How to communicate job security, key questions that are alluding to your job security
☆ How to show that you are a good neighbor
☆ How and when to discuss renovation plans
☆ What to say if you are asked about joining the Board
☆ How to describe your hobbies & interests
☆ How to explain why you chose this co-op building
☆ How to answer the question, “Do you have any questions?”
☆ How to address anything problematic that came up in your background check

Don’t miss Episode 12, where I’ll be sharing how to estimate your Closing Costs!

If you ever have Real Estate related questions, feel free to Email me anytime: Christina.Kremidas@elliman.com

Follow me on instagram: https://instagram.com/downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

Co-op Board Application DEMYSTIFIED

Thu, 25 Jun 2020 22:00:00 -0400

Welcome to Episode 9 in my Series REAL ESTATE INVESTING IN NEW YORK!!

In this Episode, I am sharing a REAL NYC Co-op Board Application and walking you through exactly how to complete it! The Board Application is the most intimidating step of the purchase process for many people because is tedious and must be done precisely in order to receive approval.

I included visuals of the actual application in the YouTube version of this episode which you can find here: https://www.youtube.com/watch?v=0TzhLuVjClo

Also, I am in the process of improving my audio. I upgraded to a mic, but now the issue is that I forgot to tone down my loud Brooklyn voice, so I am just kind of just screaming into the mic in this episode. I am really sorry but I am actively working to get better haha.

TOPICS COVERED IN THIS EPISODE
★ How to complete a Co-op or Condo Board Application:
༄ Showing a real Board Application Package
༄ The types of ID and verification documents usually required for the application
༄ What to watch out for
༄ Proper formatting and presentation

Stay tuned for Episode 10, where I will be sharing what to expect in a Board Interview!

If you have any questions, email me at Christina.Kremidas@elliman.com

Follow me on Instagram: https://www.instagram.com/downtownnative/

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

Get what you want from a Seller: The 4 most important things to demonstrate boost your negotiation

Thu, 25 Jun 2020 21:00:00 -0400

Welcome to Episode 9 in my Series REAL ESTATE INVESTING IN NEW YORK!!

This Episode coincides with Episode 8 where I discussed how to save the most money negotiating on property in NYC. In Episode 9, I am talking about the 4 most important things to demonstrate to the Seller in order to have them agree to what you’re asking for! The best part is, most of these things don't cost you a dime!

If you have any questions, email me at Christina.Kremidas@elliman.com

Follow me on Instagram: instagram.com/downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

TOPICS COVERED IN THIS EPISODE

★ The 4 most important things to demonstrate to the Seller:
༄ Demonstrate your intent
༄ Demonstrate your qualification
༄ Demonstrate your flexibility
༄ Demonstrate your thoughtfulness

Stay tuned for Episode 10, where I will be showing you a sample Board application and explaining the best way to complete it!

Negotiation Secrets no one else is sharing! Save THE MOST money on any NYC property!

Thu, 25 Jun 2020 20:00:00 -0400

Welcome to Episode 8 in my Series REAL ESTATE INVESTING IN NEW YORK!!

This Episode covers all of the ways that you can SAVE MONEY while negotiating on property in New York. These are tricks that no other agents are giving away to the public!!

If you have any questions or would like me to help with your property purchase or sale, email me at Christina.Kremidas@elliman.com

Follow me on Instagram: instagram.com/downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

TOPICS COVERED IN THIS EPISODE

★ How to identify which properties are negotiable
★ WHEN to negotiate
★ How to negotiate STRATEGICALLY
★ The PRODUCTIVE way to lower the sales price
★ Why YOU WANT TO negotiate on things other than the sales price
★ Ways to save money in negotiation that ARE NOT based on the property sales price
★ How to get thousands of dollars back in cash at the closing table

However, what you are saving in the transaction is only half of a successful negotiation!! You must also know to get the Seller to AGREE to what you are asking for. This will be covered in Episode 9.

Boost Your Budget: How to get approved for a LARGER mortgage

Thu, 25 Jun 2020 20:00:00 -0400

Welcome to Episode 7 in my Series REAL ESTATE INVESTING IN NEW YORK!!

In this Episode, I’m sharing the most important thing to get from your mortgage lender, the secret to how apartments in NYC are priced, and how to get approved for a larger mortgage.

Topics covered in this Episode:

☆The most important thing to get from your loan officer
☆What are the costs and fees that contribute to your total monthly financial obligation
☆ How to calculate estimated total monthly financial obligation
☆ How monthly fees affect your loan amount
☆ The secret to how apartments are priced
☆ What to NEVER do when shopping for an apartment

Don’t miss Episode 8, where I’ll be spilling the tea on exactly when and how to save money negotiating and ways to strengthen your offer without giving up more money. Coming Wednesday!

If you ever have Real Estate related questions, feel free to Email me any time: christina.Kremidas@elliman.com

Follow me on instagram: @downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

Sponsor Sales: Pros and Cons and How to Negotiate them Successfully

Thu, 25 Jun 2020 18:00:00 -0400

Welcome to Episode 6 in my Series REAL ESTATE INVESTING IN NEW YORK!!

In this Episode, we are covering everything you need to know about purchasing a Sponsor Apartment.

Topics covered in this Episode:

☆ What is a Sponsor Sale / Sponsor Unit / Sponsor Apartment
☆ Pros and Cons of Sponsor Sales
☆ Sponsor Unit Purchase Process
☆ How to negotiate on Sponsor Units
☆ Why you should get an inspection
☆ Two walk-throughs!
☆ What is a punch-list walk through

Don’t miss the next episode which will discuss the typical condo and coop purchase application!

If you ever have Real Estate related questions, feel free to Email me any time: Christina.Kremidas@elliman.com

Follow me on instagram: instagram.com/downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

The NYC Property Purchase Process

Thu, 25 Jun 2020 16:00:00 -0400

Welcome to Episode 5 in my Series REAL ESTATE INVESTING IN NEW YORK!!

This Episode covers every single step of the property purchase process in NYC in GREAT DETAIL!!

If you have any questions, email me at Christina.Kremidas@elliman.com

Please also keep in mind that these initial podcast episodes are direct pulls of the audio from my existing YouTube series, and I am doing my best to edit out any distractions or things that are only relevant in video. I know the sound is choppy and I am speaking very fast and this will improve now that the podcast is a fundamental component of this series.

NOTES FOR THIS EPISODE:

STEPS OF THE PROPERTY PURCHASE PROCESS:

Mortgage Pre-Approval
☁ The 3 types of letters you can get from the bank and what they do for you:
★ Pre-Qualification letter
★ Pre-Approval letter
★ Pre-Commitment letter

Link up with a Buyers Agent
☁ What your Buyer’s agent does for you
☁ Qualities you want in your buyer’s agent

Search for properties
☁How to weigh different property characteristics
☁How you know a property is ’the one’

4. Offer and Negotiation
☁ Components of a strong offer

5. Meeting of the Minds

6. Contact Finalization and Due Diligence
☁ How the contract is drafted
☁ What your attorney is doing fo you
☁ Making sure the property is a safe investment through due diligence/review of building documents
☁ Should you have an inspection done?

7. Sales Application

8. Board Interview

9. Closing!

Don’t miss the next video which will explain the purchase process for NEW DEVELOPMENTS SPONSOR SALES!

If you ever have Real Estate related questions, feel free to Email me any time: Christina.Kremidas@elliman.com

Follow me on Instagram: @downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

Are You a Condo Person or a Co-op Person? What you need to know about NYC's most popular properties

Thu, 25 Jun 2020 16:00:00 -0400

Welcome to Episode 4 in my Series REAL ESTATE INVESTING IN NEW YORK!!

Topics covered in this Episode:
☆ Everything you need to know about Condos and Co-ops
☆ Similarities and differences
☆ Approval processes
☆ Are you a Condo person or a Co-op person?

NOTES FOR THIS EPISODE:

CONDO AND CO-OP SIMILARITIES:
☁ NYC's most common property types
☁ Managed buildings
☁ Both have Executive boards
☁ Both vary in terms of their policies
☁ Both have extensive due diligence process to purchase
☁ Both have monthly maintenance fees
☁ Both appreciate over time
☁ Both require an application and approval for purchase

CONDO-SPECIFIC CHARACTERISTICS:
☁ Considered Real Property
☁ You receive a deed when you close
☁ Many of the newer buildings in the city and luxury New Developments are condos
☁ Priced at a Premium, about 30% more expensive than co-ops
☁ Management reserves the Right of First Refusal before apartment is sold
☁ Minimum 10% down payment (usually)
☁ Easier review/approval process
☁ If you have the finances to make the purchase, you are typically easily approved
☁ Monthly fee is called Common Charges
☁ Property Taxes are paid separately directly to the city, not to the Condo
☁ Higher Closing Costs: Title Fees and Mortgage Recording Tax
☁ Tend to have more flexible building policies
☁ Subletting is usually allowed and more flexible
☁ Tend to have more transient residents (renters)
☁ Ideal property type for investors and non-US purchasers

COOP-SPECIFIC CHARACTERISTICS:
☁ Shares of a Corporation
☁ You receive a Proprietary Lease when you close
☁ Many of the older buildings with character are co-ops
☁ More affordable - about 30% less expensive than condos
☁ No Right of First Refusal, but very diligent and thorough review/ approval process
☁ Minimum 20% down payment (usually)
☁ Financial review during application looks into income and employment history, assets, bank accounts
☁ Financial requirements to purchase include DTI Ratio and Post-Closing Liquidity
☁ Board application is tedious
☁ Board interview is required for purchase
☁ Co-op Boards typically have more power over purchases and sales in the building and building culture than Condo Boards
☁ Monthly fee is called Maintenance, and it includes Property Taxes. The % of the Maintenance fee that is your property tax can typically be written off when filing taxes
☁ Typically has a Flip Tax
☁ Lower Closing Costs
☁ Community focused, often with stricter policies
☁ Subletting is usually not allowed or regulated/limited with associated fees
☁ Ideal property type for Primary Residence
☁ Can be difficult for non-US Citizens to purchase

Don’t miss the next video which will explain the property purchase process!

If you ever have Real Estate related questions, feel free to Email me any time: Christina.Kremidas@elliman.com

Follow me on Instagram: @downtownnative

Discover the value of your home: https://bit.ly/2Z91OLE

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

My Personal Real Estate Investing Strategy

Wed, 24 Jun 2020 20:00:00 -0400

Welcome to Episode 3 in my Series REAL ESTATE INVESTING IN NEW YORK!!

This series is also on YouTube, so if you're interested in visuals, you can go here to watch: https://www.youtube.com/watch?v=OqAJyfZTM-E&list=PLizl0_41aCfl_bFhI1KUp8upypyqSZIF1

Topics covered in this Episode:

☆ My personal Real Estate investing strategy
☆ REAL LIFE examples: Primary Residence vs Rental Property financial obligations and lifestyle implications
☆ Overarching concept of how to make money with Rental Properties

This episode discusses numbers, and in the YouTube version of this episode I included graphics which may help you follow the concepts if you are more of a visual person!

Don’t miss Episode 4 where I will explain the differences between a Condo and a Co-op, how approval processes differ, and what each of their strengths and weaknesses are when it comes to investing.

If you ever have Real Estate related questions, feel free to Email me any time: Christina.Kremidas@elliman.com

Follow me on Instagram: @downtownnative

Discover the value of your home: http://findbuyersbk.elliman.com/cdanza

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

Primary Residence vs. Rental Property: Which is best for you?

Wed, 24 Jun 2020 19:00:00 -0400

Welcome to Episode 2 in my Series REAL ESTATE INVESTING IN NEW YORK!
This series is also on YouTube, so if you're interested in visuals, you can go here to watch: https://www.youtube.com/watch?v=OqAJyfZTM-E&list=PLizl0_41aCfl_bFhI1KUp8upypyqSZIF1

This Episode covers everything you need to know about the financial and lifestyle implications of owning a Primary Residence vs a Rental Property.

Topics covered in this Episode:

☆ Benefits of property ownership
☆ Appreciation
☆ Depreciation
☆ Similarities & Differences between Primary residences and Rental properties
☆ Some Tax implications of property ownership
☆ Mortgage interest
☆ Capital gains tax
☆ Mortgage basics
☆ Debt-to-income ratio
☆ Rental Property write-offs
☆ Seeing Rental Property ownership as owning a business

Don’t miss Episode 3 which will explain my own personal Real Estate Investing strategy, exact scenarios of your financial obligations of owning a Primary Residence vs Rental Property, and how to make rental properties work for you.

If you ever have Real Estate related questions, feel free to Email me any time: Christina.Kremidas@elliman.com

Follow me on Instagram: @downtownnative - instagram.com/downtownnative

Discover the value of your home: http://findbuyersbk.elliman.com/cdanza

If you enjoy this podcast, I would truly appreciate you giving it a 5-Star review so it can reach more people!

Please subscribe!

Hi!! Introduction & My Story

Wed, 24 Jun 2020 17:00:00 -0400

Welcome to Episode 1 of my series Real Estate Investing in New York!

In this Episode, I am sharing my personal story:
☆Where I'm from
☆How I made my first NYC Real Estate Investment purchase
☆ Why I quit my office job
☆ How I got into Real Estate
☆ What I have planned for this new series: REAL ESTATE INVESTING IN NEW YORK !!

If you ever have Real Estate related questions, feel free to Email me anytime: Christina.Kremidas@elliman.com

Follow me on instagram: instagram.com/downtownnative

Please subscribe to this podcast so you don't miss any episodes!

Real Estate Investing in New York by Christina Kremidas

Co-op Requirements vs Condo Freedom

Douglas Elliman CEO Shares Secrets To Success in Real Estate and Life

What Your Real Estate Attorney Should Be Asking

Negotiating Strategically? Consider the Appraisal First.

NYC’s Biggest Real Estate Deal May Be Hiding in It’s Office Buildings

The Revival of Great Gatsby New York

The Golden Age of NYC Co-ops is Dead?!

5 Reasons the Financial District is NYC's Hottest Investment Opportunity

Buying New Development in NYC: Hidden Savings and Dangerous Pitfalls

The Art of Living in NYC

Buying in NYC? This New Form Changes EVERYTHING.

What Every NYC Buyer Should Ask Their Lender

The $1M Lesson NYC Brokers Keep Missing

Are Interest Rates Declining? Are Prices Going Up? It’s not as simple as you think

The Financial District: Neighborhood Deep Dive

Genius Tax Tricks: Make Your Real Estate Work For You With Yvette Sadovoy

LOCAL LAW 11: Beneath All the Scaffolding is Your Building’s Biggest Expense

Neighborhood Deep Dive: What To Know About Battery Park City, NYC

Attention NYC Tenants & Landlords! What to Know About Proposed Broker Fee Legislation

Health! Wealth! Love! Fame! The Power Of Feng Shui with Ellie Benigar

Prepare Yourself: High Taxes Due At Closing For NYC Real Estate

Renovate For ROI: Home Upgrades You’ll Make Your Money Back On

How To Get Real Estate Offers Accepted: It’s Not Just The Price That Matters!

2024 NYC Real Estate Market Update & Meet Our Newest Team Member!

The Good, The Bad, and The Ugly: What to Expect When Getting Into Real Estate

Baring All! The Ultra-Invasive Co-Op Approval Process

Top 5 Brooklyn Neighborhoods to Invest in Right Now

What Does It Take To Be A Top Agent? Your Questions Answered

Top 4 Manhattan Neighborhoods to Invest in Right Now

Zillow Gives You A Buyers Agent (Whether You Want One or Not). Here's Why.

Why Your Buyer's Agent is Critical in NYC and How to Find A Great One

No Property Taxes? This New Program is Changing the Brooklyn Real Estate Market

10 Common Character Traits of Wealthy People, based on my experience with HNWI clientele

Due Diligence! What to Expect After your Offer Is Accepted

How to Negotiate the Best Discount on Your NYC Properties

What will happen to the Real Estate Market in 2024? Beat The Competition by Timing it Right

Strengthen Your Offer Using Your Mortgage!

Meet The Team! Chatting with The Christina Kremidas Team at Douglas Elliman Real Estate

How to Find the Best Investment/Rental Properties in NYC

Sharing Everything That Is Coming In 2022!

Where Have I Been? Recapping The Past Year & Where We Are Headed!

HOW TO WIN in a Seller's Market *As a Buyer*

NYC Apartment Purchase TIMING: It's longer than you think!

LAND LEASE BUILDINGS IN NEW YORK: Should you buy? Everything you need to know.

Would You Get Approved by a Co-op? The 3 Financial Requirements You MUST Meet

The Covid-19 Funding Provision: You MUST HAVE This Mortgage Protection if You Are Buying in 2021!

Top 5 New York Neighborhoods to Invest in NOW

LEVERAGE THE BANK APPRAISAL For a Winning Offer

THE LOWBALL OFFER: Should You Do It? How to Shave the Most Money off the Asking Price

Getting a Mortgage in New York? What You Need to Know

What to Know Before You Sign: NYC Real Estate Contracts & Due Diligence

Home Inspections in NYC Apartments: Are They Necessary?

My Top 30 Real Estate Tips for Buyers & Sellers

Getting into Real Estate: What to Expect, How to Succeed & My Personal Experience

How Covid Made Getting a Mortgage Harder than Ever, and How to Strengthen Your Offer Despite it

Inside the Mind AND WALLET of a Real Estate Agent

NYC Closing Costs: How much to budget and what drives them up/down

16 Tips to Ace the Co-op Board Interview

Co-op Board Application DEMYSTIFIED

Get what you want from a Seller: The 4 most important things to demonstrate boost your negotiation

Negotiation Secrets no one else is sharing! Save THE MOST money on any NYC property!

Boost Your Budget: How to get approved for a LARGER mortgage

Sponsor Sales: Pros and Cons and How to Negotiate them Successfully

The NYC Property Purchase Process

Are You a Condo Person or a Co-op Person? What you need to know about NYC's most popular properties

My Personal Real Estate Investing Strategy

Primary Residence vs. Rental Property: Which is best for you?

Hi!! Introduction & My Story

HOW TO WIN in a Seller's Market As a Buyer