Adie Kriegstein | Source | Licensed Real Estate Salesperson at Compass Real Estate

-"Real estate agent Adie Kriegstein of Compass in New York owns a white Labrador Retriever named Philbin, who has become her wingman when prospecting. “As a dog owner, the warmer months are a great time to get out there and meet other dog owners,” Kriegstein says. “I am always sharing my market knowledge of construction in the area, and I have business cards advertising that I am a ‘pet-friendly specialist’ here in the city.” She also finds dog training classes to be good venues to connect with others. It’s an opportune moment, Kriegstein says, to bond with like-minded people—and mention what you do for a living, too. This is an example of a “soft sell,” she adds.:

-“I think that many buyers overlook just how expensive closing costs are,” says Adie Kriegstein, licensed real estate agent and founder of the NYC Experience Team at Compass in New York City. Although the costs do vary from region to region, she says, “They need to be calculated upfront so that they can be factored into the purchase.” If your cabinets are worn and dated, refacing them is a very cost-effective alternative to a full replacement, said Adie Kriegstein, a licensed real estate salesperson at Compass Real Estate, based in New York City. “Choosing a new veneer, replacing the hardware and often even [changing] the doors to a clean, sleek and plain — stay away from decorative — option will change the look and feel of the space to seem more updated,” she said.-

-"If a lender is not forthcoming about fees, terms or conditions, it's a warning sign.”

-“Finding ways to utilize amenities in the building to become a true extension of one’s home is a great way to make ‘smarter’ decisions when it comes to leasing,” says real estate agent Adie Kriegstein. “For example, a full-service building with lots of amenities can offer tenants a way to work comfortably out of their home but still not in an office setting. Plus, having the free WiFi and a few areas to use within a building can further let one invite peers or colleagues over to collaborate on projects.”

-I believe that rates will rise again this year. The New York City market has always been a far more liquid market than many other places in the country, and as such, it’s been a bit more resilient to the ups and downs of cycles we’ve had. That being said, the lower end of our market will likely be more affected than the upper end, given the entry level for purchasing a home will be all the more challenging to obtain.

-One of the challenges I foresee is for entry-level buyers. The entry-level to a residence in the city has always been high, but it’s going to become harder for first-time home buyers. How can they place themselves in the best position to ensure their offer wins out? An experienced agent can help them do that. Also, given the rise in rates, those sellers who normally would do a lateral trade (that is, an upgrade, such as from a two-bedroom home to a three-bedroom home) may decide to stay put because the rate they have on their current apartment may be half the rate they would get in the spring—if not an even wider gap. That alone will likely cause inventory to tighten even more than it already is.

-“A contingency is simply a protective clause that communicates that if the clause isn’t met, the buyer has the right to back out of the purchase,” says Adie Kriegstein, a real estate agent at Compass in New York City. “The most common contingency I see as a real estate agent is a financing contingency,” Kriegstein says.

-When you’re looking for a new apartment, a place that’s also a fit for Fido is important. Luckily, some of the city’s best real estate is
pet friendly and sure to make your furry friends feel at home. I specialize in helping pet owners navigate the complex real estate market of New York City to find a residence for them and their furry family members.

-One of the biggest selling points of new construction apartments tends to be that everything in the building is, well, new. "Usually you have the 'wow' factor of having something new," says NYC agent Adie Kriegstein. "Everything is new and spotless, and it looks amazing. Often, the ceilings are higher, windows span from floor to ceiling, and the apartment has top-of-the-line appliances and fixtures."