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Selling New York


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#961

tarragon918

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Posted Jun 14, 2012 @ 9:50 PM

Finally a new show! And Kleier-centric, thankfully. LOL I can't help it, I just love those Kleier ladies. Hope they get a sale on Emeril Legasse's townhouse, maybe we'll get to see at least a shot of the dinner he makes for them!

I'm unfamiliar with the new group, Citi-something? I didn't catch the name; they're not in the opening sequence. But what was up with the agent "threatening" the seller that the buyer was going to walk away from the sale because of the real estate tax mix-up? I am thoroughly unfamiliar with real estate taxes to be sure, but I think they said the taxes turned out to be $600 more than what the buyer had disclosed. Come on - who the hell, in their right mind, is going to "walk away" from a nearly 2 million dollar deal over $600 in taxes?! Apparently, it worked, though! That was what really floored me; I guess the seller must have been really motivated. LOL He certainly wasn't a good actor, that's for sure. I doubt they'll be using that guy again!

Glad to have new episodes back. Bring on more Kleiers too. :)
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#962

LagunaLocal

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Posted Jun 15, 2012 @ 12:27 AM

They didn't make the tax thing clear, but I'm guessing it was $600 a month, hence the $50K concession.
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#963

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Posted Jun 15, 2012 @ 9:48 AM

The whole misrepresented real estate tax story line was just weird. The way they represented it was the buyer got burned by it before, and here is was happening again. RE taxes are a matter of public record. It's not like they're a big secret. I have no familiarity with the NYC market, so would be interested to know how RE taxes are stated - by month is foreign to me, but that's the only way $600 comes close to making any sense. I went back and watched it closed caption, and $600 is what CC said also. It was also odd when the agent said she was going to deal directly with the seller. Was the seller a FSBO? If not, where was his agent? I'm inclined to believe the entire story line was a fabrication. If so, they need to come up with a more believable drama scenario.

Edited by csichick, Jun 15, 2012 @ 9:58 AM.

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#964

yslchyc

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Posted Jun 15, 2012 @ 10:22 AM

Real estate taxes in New York City can be a bit more complicated because some construction, either new or renovated, qualifies for rebates.

I agree that it was quite odd that a seller hadn't properly researched taxes before going on the market but perhaps they had applied for some rebate program and were refused.
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#965

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Posted Jun 16, 2012 @ 5:53 AM

Don't know if everyone noticed but Emeril's place is apparently still on the market now but was reduced 10%, to 13.5M in early March, IIRC. He paid 11.5 around 08-09 and listed it late 11-11, apparently.

Heard them mention at some point during the episode (after their initial discussion of the situation) that the tax figures were represented on a monthly basis. IIRC, $600 was the discrepancy - a 30% increase. IME, it's not unusual to express RE costs as monthly figures, especially when purchasing investment property. (That buyer intended to rent the place on either an occasional or full-time basis and apparently did so, after the purchase.)

WRT her agent, I understood she was representing both sides of the transaction - in a dual agency role. Incidentally, my impression was that a previous sale hadn't closed for some reason - not that RE taxes were necessarily the issue during the first transaction.

JMHO.

Edited by diydude, Jun 16, 2012 @ 5:59 AM.

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#966

queasy

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Posted Jun 16, 2012 @ 10:10 AM

If this entire fabricated series is supposed to be good publicity for the featured agents, it sure didn't work for that one chick who the producers would have us believe failed to adequately research the taxes not once but twice for the same buyer.

Edited by queasy, Jun 16, 2012 @ 10:11 AM.

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#967

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Posted Jun 16, 2012 @ 11:27 AM

Had the same impression as diy, above. The previous sale had fallen through for some unknown reason. (Blank) happens.
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#968

yslchyc

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Posted Jun 16, 2012 @ 12:03 PM

I had thought it was specifically on the issue of taxes because when they started looking, she had mentioned taxes.

In defense of the realtor, if the taxes are complicated in terms of rebates or deductibility percentage, the item would not be known for certain at the time of the initial offer/acceptance. That's not different then when relators discover other latent glitches in the chain of title; square footage or permitted uses for example.
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#969

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Posted Jun 16, 2012 @ 12:59 PM

I had thought it was specifically on the issue of taxes because when they started looking, she had mentioned taxes.

The buyer's Realtor stated several times that the tax issue not only happened once, but twice, and that's what caused the buyer to back out of the first deal.

I loved seeing Emeril's townhouse. It was beautiful. It was fun to see the Kleir's ladies talk about how even they get starstruck. They're a classy group of people.
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#970

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Posted Jun 16, 2012 @ 5:19 PM

Not a big deal - no worries. My understanding was that she said something, not necessarily a tax situation, had happened on a previous closing. In subsequent scenes, she simply said "this happened before", meaning a difficult situation of some type. I've handled numerous transactions for clients but never had the exact situation twice. Well, fortunately, escrows typically close without problems for that matter. Obviously, I may have heard it incorrectly - that was my interpretation.
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#971

LagunaLocal

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Posted Jun 16, 2012 @ 6:40 PM

I loved seeing Emeril's townhouse. It was beautiful. It was fun to see the Kleir's ladies talk about how even they get starstruck. They're a classy group of people.

So true Chit Chat. Emeril's place was fabulous. The kitchen with the library- I could just live in that room alone, which is just as well since that's about all I could afford.

Edited by TWoP Howard, Jun 18, 2012 @ 11:25 PM.
Added quote tags

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#972

BoDiva

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Posted Jun 23, 2012 @ 10:15 PM

After seeing the dr looking at 1212 Fifth Ave I really feel sorry for people who can't visualize. Getting in on an apt when it is in that state (or even before the kitchen begins to be installed) means you can end up with a place that is custom to you in finish. I wouldn't love that blue bathroom in the model, but I'd love a bathroom that size with my own taste reflected in the tile and fixtures.
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#973

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Posted Jun 24, 2012 @ 8:07 AM

Don't know if you mean the m.d. was unable to visualize, BoDiva. No worries - I agree that many find it difficult and may miss opportunities. OTOH, unless you negotiate all those exorbitant upgrade costs down, new places can be incredibly expensive. WRT fixers, many simply can't handle (or don't care to deal with) renovations.

Had the sense they were all working on their amateur acting. Figured they'd just moved into their rental apartment and it was already known that they need a larger place because they plan to have a family. In any event, it was a nice opportunity to get the designers' showcase (or whatever it was - a promo for Hearst mags?) on SNY. Given that it was across from the hospital - she provided a convenient storyline.

JMHO.
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#974

BoDiva

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Posted Jun 24, 2012 @ 8:29 AM

It was an expensive building. Even if you aren't technically "upgrading," choosing your own colors and woods is a nice option to have. Yes when I said the dr couldn't visualize I was referring to the m.d. Who else? And considering they wouldn't be responsible for the management of the construction it is vastly different from having to deal with a reno.

Possible she wasn't ever interested in a 2 br. Although I'd think a baby doc would be likely to know that at her age immediate pregnancy upon decision to procreate wasn't guaranteed.
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#975

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Posted Jun 24, 2012 @ 9:43 AM

I think there is a huge difference between walking into a construction site with absolutely nothing and walking into an apartment with walls and fixtures.

Most people would not be able to look at the kitchen space and visualize how the space would work once cabinets and appliances were in - same with the bathrooms and probably the master bedroom if the closet space wasn't fully framed.

Most buildings will provide a model and then allow the person buying a unit to pick out the design features and even layout to some extent (although layout in high rises is generally determined by plumbing lines and windows).

I think it was all a tie-in to show the building and boost the magazine.
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#976

gazerguy

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Posted Jun 25, 2012 @ 5:42 AM

To be exact, BoDiva, your post stated that "people" can't visualize. I immediately agreed with you and stated, no worries. Incidentally, IIRC, the apartment they walked through contained at least one appliance and/or at least a rough-in/outline of the kitchen. I also agreed with you (above) that the m.d. probably wasn't ever a potential buyer.

Fixers, when toured by potential buyers, can run the gamut from very simple renos to foreclosures (or other, run-down homes) that often appear similar to construction zones, after previous residents and/or criminals strip the building(s). When it comes to major renovations, many, if not most, homeowners (technically) delegate the actual day-to-day construction management responsibilities to a general contractor.

WRT model homes and upgrade/color/misc selections, I'd be extremely surprised if anyone/many people (here, anyway) require an explanation of how new home communities work, especially if they care enough about real estate to be watching SNY. (Not a big deal but I also mentioned the new home upgrade costs, above.)

BTW, Ms. Allen apparently specializes in pediatric orthopaedics - not obstetrics and/or gynecology. In any event, I suspect she and her husband could afford to adopt at least one child, if not more. (I didn't make any assumptions about her age and family planning options, either.) If nothing else, that confirms the ruse of even how SNY stated/implied she and Michelle met. Don't know why they couldn't give us even one iota of truth to go along with our faux-reality drama.

As mentioned above, again, we all agree: the entire storyline was a Hearst Magazines promotion.
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#977

Ms Sugarbaker

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Posted Jun 25, 2012 @ 1:35 PM

FWIW, just this past Sunday, Mama Kleier and brunette daughter were on Open House NYC showcasing Emeril's townhouse.

Edited by Ms Sugarbaker, Jun 25, 2012 @ 1:36 PM.

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#978

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Posted Jun 25, 2012 @ 6:30 PM

If nothing else, that confirms the ruse of even how SNY stated/implied she and Michelle met.

I don't mean to be daft, but I don't understand this. Didn't they say that they met while Michelle's daughter was in the hospital having her baby? Sometimes orthopedic doctors are called in when a baby appears to have some sort of hip or leg problem. I seem to recall many years ago that one of my co-workers' newborn daughter had some sort of hip/leg issue and the orthopedic doctor was called in. Please correct me if I misunderstood your post!

Edited by Chit Chat, Jun 25, 2012 @ 6:31 PM.

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#979

gazerguy

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Posted Jun 25, 2012 @ 8:08 PM

Agree, Chit Chat - specialists may certainly be utilized in the hospital, if necessary. I, personally, try not to make those sorts of leaps and assumptions when I watch these so-called reality programs. For one thing, it's none of my business. Plus, I certainly hope Sabrina's baby didn't require any special care.

IIRC, Michelle said something along these lines: She (Ms. Allen) took such great care of us when Sabrina had her baby. It certainly sounded as if she had the main responsibility for Sabrina's care so I wasn't surprised when viewer(s) assumed she was in ortho/gyn. BTW, FWIW, we don't even know (for sure), if Sabrina had her baby at that particular hospital, anyway.

I did assume, however, that, because the rest of it was largely fake, that Michelle's story was probably also fake because Ms. Allen specializes in orthopaedics. It's usually a reasonable assumption when discussing faux-reality television.

All, IMHO.

P.S. WRT Emeril's townhouse, noticed it's still at the 10% reduction (3/1/12) from the initial listing price, i.e. currently $13.5M.

ETA: If I had to guess, I'd say the m.d. meeting was something simple. For instance, if Sabrina used that hospital, perhaps the m.d. and her dh were getting ready to sign the lease on a new apartment near the hospital but considering their options. Someone at the hospital knew the Klier family was around and introduced them. Michelle noticed she was fairly telegenic. Tptb wanted to do the Hearst promotion and she was the perfect candidate. Just a little speculation and a few assumptions but a typical story so not special enough for reality television -

Edited by gazerguy, Jun 26, 2012 @ 9:09 AM.

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#980

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Posted Jun 26, 2012 @ 12:23 PM

It was Samantha (the brunette) who had the baby, not Sabrina (the blond). Although I know it's hard to keep them straight!

I assumed that Dr. Abby was her OBGYN, but Mama K never explicitly said so. So who knows what the real deal is?

Either way, that apt was gorgeous, whether it's considered East Harlem or Carnegie Hill north!
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#981

gazerguy

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Posted Jun 26, 2012 @ 7:08 PM

Thanks for the correction, apgold. (I should have said: the one who had the baby or the brunette.) I mix the names up all the time and had a feeling I was probably making that error. That must happen to them IRL, too.

Ms. Allen specializes in pediatric orthopaedics. That's one thing and possibly the only thing that we know for certain. Like I said above, we don't even know Samantha had the baby at that hospital, anyway!

I was thinking about the neighborhood, too.

Edited by gazerguy, Jun 26, 2012 @ 7:09 PM.

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#982

Writing Wrongs

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Posted Jun 29, 2012 @ 8:14 AM

Last night's show:
At first, I thought it was sweet that they wanted his mother to live close to them. Until I realized it was just so they could have an on-call babysitter.
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#983

Chit Chat

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Posted Jun 29, 2012 @ 3:59 PM

At first, I thought it was sweet that they wanted his mother to live close to them. Until I realized it was just so they could have an on-call babysitter.

Ditto! My advice to that couple: if you need to get away from your kids that much, quit having them. I see no point in having children if you don't want to be with them. This guy even said that his Mom could just run down the hallway in her pajamas to watch the kids. I guess she's to be at their beck and call. Maybe she enjoys it though. (Just because my Mom told me that she didn't raise her children in order to raise their children, doesn't mean that other grandmas don't enjoy helping!) At least she gets a super nice apartment out of it!

Anyway, I wonder what line of work either of them is in to be able to afford $10 million in property! Good for them. All the apartments they looked at were beautiful. And yay that we got to see Mama Kleir! I'd love for any of the Kleirs to take me on a tour of NYC and show me all the fantastic apartments.
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#984

FranciePants

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Posted Jun 29, 2012 @ 4:13 PM

Ha, I was the other way around! I couldn't imagine why someone would want their mom/mother-in-law in the same building but when they said it was because she provides childcare (which I took to mean in lieu of daycare as they are working parents?) that made more sense.

I was curious because he mentioned growing up in more humble surroundings--they are Harvard MBAs, both worked at Merrill Lynch. There's still plenty of money in banking.
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#985

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Posted Jun 29, 2012 @ 4:55 PM

Ha, I was the other way around! I couldn't imagine why someone would want their mom/mother-in-law in the same building but when they said it was because she provides childcare (which I took to mean in lieu of daycare as they are working parents?) that made more sense.

Maybe that couple was trying to be funny, but their comments about his mother watching their kids annoyed me. She said that they can call her to come watch the kids whenever they want to get away from them, and he mentioned it twice about how his Mom could take care of the kids while they went out at night. He was really excited about her being on the same floor so that she could just run down the hallway in her pajamas whenever they needed her. Those comments might've been for laughs, but I didn't take it that way. But that's just me and I probably just took them too seriously. I tend to do that!
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#986

biakbiak

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Posted Jun 29, 2012 @ 5:10 PM

If someone bought me a 1.5 million dollar apartment, I would have no problem being their on-call babysitter even for kids I wasn't related to them.
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#987

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Posted Jul 3, 2012 @ 6:36 AM

That Warburg agent is stunning, the former model.
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#988

yslchyc

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Posted Jul 3, 2012 @ 7:40 AM

I thought the desire to have the mother down the hall to look after the kids was nice and mutually beneficial to the whole family.

The kids have someone all the time to help look after them and aren't relegated to care by strangers. These people could hire all the nannies they wanted if they just needed child care.

In many cultures, families do live together in close proximity and all the generations help each other without feeling exploited.

The two family house I grew up in was significantly more humble but my grandparents lived downstairs and my grandmother provided child care for me so that my mother could work. My grandmother did it out of love and certainly didn't feel that she was exploited. She loved having a special relationship with her grandchildren and certainly she received benefits from the arrangement as well especially as she became older since she was able to live comfortably with help from my parents with shopping, getting to doctors and not being isolated the way many people are who are physically far from their families.
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#989

BradC

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Posted Jul 3, 2012 @ 1:27 PM

That Warburg agent is stunning, the former model.


Agreed.

I would think that high-end real estate sales would be a very good next career for a former model.
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#990

bellalisa

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Posted Jul 3, 2012 @ 8:02 PM

The Washington Hieghts had not sold yet when I looked it up last week after the show ended and I thought what a fool, she should have taken that offer. But i looked just now and its "under contract" so maybe airing it on the show really helped

http://nymag.streete...eights-new-york

She was the one that would not lower the price and got a decent all cash offer and said no..that was probably filmed more than 6 months ago so this has not moved in all that time. In fact the listing says "Price reduced $60,000 about 8 months ago" that was on the episode and when she got that $800K all cash over. I thought she was moving out of state? Thats a long time to be sitting there waiting for your price!

Edited by bellalisa, Jul 3, 2012 @ 8:05 PM.

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