Jeremy Stein on The Art of Pricing and Selling

Talking Manhattan

In this episode, Noah and John from UrbanDigs sit down with Jeremy Stein, co-founder of the Stein Team at Sotheby’s, to discuss Manhattan real estate trends and professional insights. Jeremy highlights a growing confidence in the market post-election, particularly in the high-end sector, with off-market deals becoming a significant trend. He explains the dynamics of pricing strategies, emphasizing the importance of "earning" price reductions by demonstrating diligent effort to sellers. Additionally, Jeremy points out opportunities in properties needing renovations, as misconceptions about high renovation costs deter buyers. He stresses the value of collaboration and trust within the agent community to share insights and foster better service for clients. An excellent listen all around! Highlights: 00:45 – State of the Manhattan Market 02:19 – Rise of Off-Market Deals 03:13 – What Defines Luxury? 07:28 – Challenges in Pricing Conversations 10:05 – Avoiding Small Price Cuts 12:47 – Opportunities in Renovation Properties 15:11 – Evolving Buyer Trends 18:30 – The Importance of Agent Collaboration 22:24 – Shaping Market Perception for Pricing Success 24:41 – Advice for New Agents The Stein Team's Page https://steinnewyork.com/ Jeremy's Page at Sotheby's https://www.sothebysrealty.com/eng/associate/180-a-1178-1223981/jeremy-v-stein Connect with Jeremy on LinkedIn: https://www.linkedin.com/in/jeremyvstein/ Follow The Stein Team on Instagram: https://www.instagram.com/steinteamny --- ** FREE ** Macro Monday - LIVE every Monday at 11am! We break down what's happening in the credit, equity, and NYC real estate markets! ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing analysis service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email [e-mail] and let us know what you need! https://www.urbandigs.com/advisor/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/