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Paul Brennan

Paul Brennan
Licensed Associate Real Estate Broker

2488 Main Street
Bridgehampton, NY 11932
Office: 631.537.4144
Mobile: 631.235.9611

2987 Montauk Highway
Sagaponack, NY 11962
Office: 631.537.4144
Mobile: 631.381.2887
Fax: 631.537.9104

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In the News

Brokers Take a Bow

From Kim Hovey broker/owner The Lamb Agency, an independent real estate firm in East Hampton Village an off shoot rooted with Mrs. Condie (Boots) Lamb who launched the real estate firm 40 years earlier. Ms. Hovey writes, “Your articles enjoyed by all who read them.” (Hey wait a minute! Does that imply maybe not many do? We are expert at converting good news to questionable.)

In an interesting strategy, Ms. Hovey sent Realty Takes her own brokers takes on their agency. (CAUTION TO OTHER FIRMS: This approach may not work for you!) So here they are.

1. Family atmosphere in office, helping each other, don't compete within the office, complement each other.

2. A variety of backgrounds: one agent owned own brokerage in NYC; one is a lawyer; another was a proprietor of local business; one is an Afro- American and has been with the company over 40 years, one is tri-lingual in Italian, Spanish, English; all experienced

3. We maintain close reciprocal ties to ALL of the agencies in the area; we co-broke our exclusive listings, hold "open houses" for all other brokers.

4. The Internet is clearly the first introduction to the market for buyers and renters alike. Customers have a pre-chosen list of homes seen on the Internet.

5. We are a home town office and tend to sell our own area listings. We price them well and position them with respect to their competition so that the time on the market is reduced. We educate the sellers . . . thus our pricing is believable to them.

6. The owner is very knowledgeable about building and zoning and shares this knowledge with her agents.

7. After the sale our relationship, service, continues; we help in any way we can to advise and recommend other small companies for home improvement, tax questions, land planning, insurance, refinance etc.From Ms. Hovey: "We do business built on honesty and trust. We advise both clients and customers of the positive and negative aspects of a transaction so that each can make an intelligent decision based on facts. Together our team represents over 100 years of experience and excellent service."

In celebration of accomplishments - Prudential Douglas Elliman’s Bridgehampton Office as the number one producing office for 2006 and the Southampton Office as number two producer for all of Long Island - the company hosted a Cocktail Party Friday, March 9th - at the Wolffer Estate Winery for the BH/SH offices. Dottie Herman, Owner/CEO, Paul Brennan, Regional Manager, and Erma Orofino, Assist Regional Manager hosted the festivities. (No, we were not invited!)

Tom MacNiven’s huge deal on Houses of Sagaponack closed later than expected. We are waiting patiently to hear the details.

Here’s a cry for help: “Lona, – I am sending a document out to 10 people I really respect in the field for advice. You are the 1st . .” Writer wanted to know whether to rent or sell or both. He will be leaving town for a while, maybe permanently. He had a tennis club membership for the summer that he won somehow and asked should he sell it on EBAY (????). Since the house is in East Hampton’s Northwest, good location, but my guess is that there is a lot of inventory in that range and place, I suggested he offer the tennis membership as an extra going with the summer rental. He called me a GURU. Advice is dangerous to give and to take, but whaddaweknow?response to a Realty Takes general inquiry to brokers – how’s business? How’s the market? The Wall Street sub-mortgage dilemma? This response from The Corcoran Group: “Business is booming and the Corcoran Group continues to capture market share in all of the markets we serve. Something to be said for having the information, Internet presence, and service oriented team. Have a great weekend.” - Rick Hoffman, the Regional Honcho. ( I never remember these titles, they sound so much alike and they seem to replicate themselves at a rate approaching rabbits)

A more substantive reply from Prudential Douglas Elliman: “Yes, things are slow, not internally but the phones are quiet. Hopefully when March ends, things will pick up. I don't think the Wall St/mortgage issue has an impact at all out here, but who knows.” - Jean Marie Ali (see above).

I wouldn’t say people in the industry are tripping over each other to talk about these matters. (Although I did run in to some cranky brokers not happy at all with the new rules and procedures and “tons of paper work” for doing business in these huge corporate takeovers.)

But we all know East End real estate is a very strange business.

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727