Real estate is a highly lucrative industry, and becoming a real estate agent can be a great way to make money in 2023. However, it’s not as simple as just getting a license and listing a few properties. Here are some tips on how to make money as a real estate agent in the coming year.

Condominium listings almost always include square footage, and for good reason– it’s an important part of the property-search process and helps buyers make informed decisions. But a quick dive into property listings will reveal that co-ops very rarely announce square footage in a listing. 

Most buyers want, and often need, to know what the square footage of an apartment is, so why is it so consistently left out? Does this trend mean that square footage isn’t all that important?

Anyone who has bought a home in New York City knows that closing costs can truly add up when closing a deal. These fees cover the costs of getting the mortgage and usually range from 2% to 5% of the home price.

In some cases, you may be able to get the seller to pay for some of these closing costs through seller concessions. Before you close on your mortgage, learn how to use seller concessions to lower your closing costs.

Although mansions in terms of size may come far and few between in New York City, understanding the mansion tax is vital for any potential buyer. For many buyers, the mansion tax tends to be one of the largest closing costs when buying a co-op, condo, or house, and should definitely be considered when looking for a home. 

If you intend to buy a home in New York City, you should understand exactly what the mansion tax is, which properties are subject to the tax, and when to pay this tax. This article will cover all of these details, as well as ways to offset other closing costs.

Although New York City agents are used to the constantly shifting real estate market, 2021 presented an unprecedented set of challenges for people across the globe. As we approach 2022 with COVID-19 still a pressing threat, real estate agents, especially beginners, will be facing a new normal. 

While the basics of succeeding in the real estate industry remain the same, much will change to accommodate new social distancing guidelines and the latest state of the economy. Here are SPiRALNY’s nine practical tips to succeed as a new agent in the industry, despite the changing times.