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Innovate. Real Estate.

Real estate Agent at the Corcoran Group in New York City

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  • "Home, Via 140 Characters" - Steph.L.Davis Featured in Metro New York!

    Posted Under: General Area in New York  |  January 31, 2011 6:53 AM  |  2,406 views  |  1 comment


    Home, Via 140 Characters

    1/26/2011

    By Alexis Tirado

    @AlexisTT


    Craigslist. E-mails. Word of mouth. We’ve all found apartments through the usual ways, but did you ever think Twitter could be the key to your next humble abode? In the summer of 2009, Omayah Atassi, a Columbia University student, tweeted about looking for a new apartment. “I was living in the suburbs of Chicago at the time, and I didn’t really know how to go about looking for an apartment when living outside the city,” she says. 

    Luckily, Stephanie Davis, an associate broker at the Corcorcan Group, replied to Atassi’s query. Within a few weeks, Davis found her a one-bedroom  on the Upper West Side. “The apartment is great. There is nothing I could have asked for more,” says Atassi. “Now I believe using Twitter was the best option.” Davis(Twitter handle @stephldavis) is a huge fan of using social media to connect with potential clients. “Twitter has enhanced interaction with the multimedia real estate consumer out there. It’s also a great way to speak to my clients, and in real time, so they’re getting what they need immediately,” she explains.  

    Danielle Pagano-McGunagle agrees. She bought an apartment thanks to her Twitter relationship with Paul Zweben, aka @HungryDomaine. He’s a real estate agent at Prudential Douglas Elliman and partner of several New York restaurants, including BLT Prime. They bonded over tweets on the NYC foodie scene. “It was a  Twitter relationship that started online and [then] we developed a fantastic working relationship and friendship,” says Zweben. 

    “When my husband and I were looking for a broker, I thought of Paul instantly,” says Pagano-McGunagle. After almost a year on the search, the couple just closed  on a luxury apartment at the Pencil Factory in Brooklyn. What stood out to Pagano-McGunagle about Zweben was his friendly persona. “Paul is an individual and personality on Twitter. If it had been a real estate brokerage brand that was tweeting, I would have missed that personal connection. I wouldn’t have that much interest in developing that relationship,” she says. Zweben posts all his listings and open houses on Twitter, but agrees with Pagano-McGunagle about the importance of connecting with your agent. “People with mutual interests start to follow me, and eventually they turn into leads.” 



  • Agent Reboot NYC - Winner of "Social Media Butterfly!"

    Posted Under: Home Buying, Home Selling, Agent2Agent  |  January 23, 2011 9:54 PM  |  2,422 views  |  No comments
  • “Stephanie Davis is that breath of fresh air in real estate...."

    Posted Under: Home Buying in New York  |  December 2, 2009 3:25 PM  |  972 views  |  No comments

    11/17/2009

    “Stephanie Davis is that breath of fresh air in real estate. She is a complete professional with a passion for excellence while maintaining her sense of humor. She is the kind of communicator who listens with her heart as well as her head & her knowledge of NYC real estate is unmatched. Stephanie is an energetic and passionate individual. I'd say she's everything you want in a real estate broker.”

    Kim Ford, Operations Manager, Funders for Lesbian & Gay Issues

  • "Stephanie is one of the few residential brokers..."

    Posted Under: Home Buying in New York  |  December 2, 2009 3:22 PM  |  869 views  |  No comments
    11/13/2009

    “Stephanie is one of the few residential brokers who understands the
    concerns of first time buyers and is able to educate and walk people
    through the processes. I would recommend Stephanie to anyone looking to
    find an apartment to rent or buy. She is always positive, has a bright
    outlook on life, and is ALWAYS a pleasure to work with.”


    - Matt Cohen, Managing Director, The Lansco
  • General Closing Costs for Condo and Townhouses

    Posted Under: Home Buying in New York  |  November 18, 2009 7:51 AM  |  908 views  |  No comments

    For The Seller

    Broker……………………………….6%

    Own Attorney……………………….$1,500 and up

    Managing Agent Fee………………....$450 and up

    Move-out Deposit       …………………...$500 - $1,000

    New York City Transfer Tax………...1% of gross purchase price if $500,000 or under

                                                 ………...(filing fee of $25 also required)

                                                 ………...            1.425% of gross purchase price if over $500,000

    New York State Transfer Tax………..$2 per $500 of purchase price

    Misc. Title Company Fees…………....$100

    Payoff Bank Attorney     ………………..$300 and up

     

    For The Purchaser

    Own Attorney……………………….$1,500 and up

    Bank Fees

         *  points…………………………..0 to 3%

         *  application, credit & appraisal….$500 - $600

         *  bank attorney…………………..$450 and up

    Recording Fees            ……………………….up to $350

    Mortgage Tax………………………...1.75% of amount of mortgage on loans under

                                                                 $500,000 or 1.875% of amount of mortgage on

                                                                  loans over $500,000

    Fee Title Insurance…………………..Approx. $675 per $100,000

    Mortgage Title Insurance…………….Approx. $500 per $100,000

    Violation Search……………………..$170

    Managing Agent Fee………………....$250 and up

    Short-term Interest…………………..up to one month

    Common Charges……………………up to one month

    Bank Escrows……………………….2-6 months of real estate taxes

    Mansion Tax………………………...1% of price when price is $1,000,000 or over

    Move-in Deposit…………………….$500 - $1,000

    *Where applicable

    When purchasing a condominium unit from a Sponsor, the Purchaser will be required to pay New York City and New York State Transfer Taxes, as well as the Sponsor’s attorney’s fee. (typically around $750)

     

    All information furnished herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions and change without notice. We advise Parties to transactions to consult their own counsel for verification of these costs.

     

  • General Closing Costs for Coop

    Posted Under: Home Buying in New York  |  November 18, 2009 7:49 AM  |  882 views  |  No comments

    For The Seller

    Broker……………………………….6%

    Own Attorney……………………….$1,500 and up

    Co-op Attorney or Managing Agent   ....$450 and up

    *Flip Tax…………………………….variable

    Stock Transfer Tax ………………….$.05 per share

    *Move-out Deposit       ………………….$500 - $1,000

    New York City Transfer Tax………...1% of gross purchase price if $500,000 or under

                                                 ………...(filing fee of $25 also required)

                                                 ………...            1.425% of gross purchase price if over $500,000

    New York State Transfer Tax………..$2 per $500 of purchase price

    Payoff Bank Attorney……...………....$300 and up

    UCC-3 Filing Fee…...    ………………..$20

     

    For The Purchaser

    Own Attorney……………………….$1,500 and up

    Bank Fees

         *  points…………………………..0 to 3%

         *  application, credit & appraisal….$400 - $600

         *  bank attorney…………………..$450 - $600

         *  UCC-1 filing fee.…...…………..$20

    Short-term Interest…………………..up to one month

    *Move-in Deposit……………………$500 - $1,000

    Managing Agent or Co-op Attorney

    (Recognition Agreement Fee)………..$200 and up

    Lien Search…………………………..$300

    Maintenance Adjustment..…………....up to one month

    Mansion Tax………………………...1% of price when price is $1,000,000 or over

    *Where applicable

    All information furnished herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions and change without notice. We advise Parties to transactions to consult their own counsel for verification of these costs.

     

  • Pros and Cons of Going Condo

    Posted Under: Home Buying in New York  |  November 15, 2009 6:53 PM  |  1,032 views  |  No comments

    Pros and Cons of Going Condo

    Condominiums and townhouses offer an affordable option to single-family homes in many markets, and they’re ideal for those who appreciate a maintenance-free lifestyle. But before you buy, make sure you do your legwork. These are some of the important elements to consider:

    ·         Storage. Some condos have storage lockers, but usually there are no attics or basements to hold extra belongings.

    ·         Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit. However, if you dread yard work, this may be the perfect option for you.

    ·         Amenities. Many condo properties have swimming pools, fitness centers, and other facilities that would be very expensive in a single-family home.

    ·         Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit, and let in workers when you’re not home — good news if you like to travel.

    ·         Security. Keyed entries and even doormen are common in many condos. You’re also closer to other people in case of an emergency.

    ·         Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees decided by the condo board, whether or not you’re interested in the amenity.

    ·         Resale. The ease of selling your unit may be dependent on what else is for sale in your building, since units are usually fairly similar.  

    ·         Condo rules. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets, or don’t allow owners to rent out their units. Read the covenants, restrictions, and bylaws of the condo carefully before you make an offer.

    ·         Neighbors. You’re much closer to your neighbors in a condo or town home. If possible, try to meet your closest prospective neighbors.

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