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Welcome everyone to Buying 
Local. 

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I'm your host, Mike Nelson from 
5 Towers Media, joined today by 

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Krista and Lynn from Lux Lux Key
Realty. 

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Sorry, I was almost going to 
mess that up guys, which I'm 

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very well known for. 
So please don't take it, take it

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personally. 
I often mess up names and 

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company names. 
I don't know why. 

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It's kind of a nervous tick I 
think that I have. 

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But welcome. 
How are you guys? 

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Thanks. 
Good. 

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How are you? 
I'm good, I'm good, you know, 

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just enjoying the sun that we 
have right now, enjoying this 

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fall weather. 
So, so you know, maybe to get 

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started guys, if you want to 
just one at a time, just kind of

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introduce yourselves who you are
and and tell us a little bit 

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about Lux Key Realty. 
Yeah. 

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So I'm Lynn Malone Baker, 
licensed A broker at Lux Key 

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Realty, and Krista and I have 
formed this company together in 

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April of this year or May, I 
think we opened our doors and 

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just had our ribbon cutting in 
September. 

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So I've been doing this full 
time for 15 years and decided 

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that it was time to go off on 
our own. 

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And how about you, Crystal? 
Yeah, I'm Crystal Lemay and I've

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been doing real estate now for 
four years and. 

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Yeah. 
That's about it, really. 

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Yeah. 
And and how does it work? 

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I know obviously the are you 
both brokers or like in the 

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relationship or with the the New
York State Department of State 

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laws like is 1A broker and one's
associate or are you both 

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brokers? 
How does that work? 

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So I'm the principal broker. 
Here. 

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And. 
I'm a salesperson working on 

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getting my associate. 
Broker's license. 

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Got it, got it. 
I know the the laws are a 

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little, they're interesting, I 
don't want to say weird, but 

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they're interesting about how 
they have that set up and what 

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you have to do in order to be 1 
and in order to own it, you have

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to be something. 
And have those laws changed a 

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lot in the last few years? 
Like I know in a lot of a lot of

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things, we've seen a lot of 
regulation changes. 

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I was wondering if real estate 
was affected by any of that 

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stuff. 
Not as far as licensure for 

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brokerage versus associate 
broker and and salesperson that 

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that's pretty much stayed the 
same. 

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How we run transactions is where
the changes have occurred. 

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That's where the lot of the 
changes. 

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Are yeah, those types of things?
It's pretty easy. 

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So once you have your associate 
broker's license, so I've had my

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license sent to my broker's 
license, associate's broker's 

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license since 2013. 
And once you have that, you can 

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manage an office. 
There's a different hat that 

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goes with that versus a 
salesperson. 

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So when we decided to open this 
brokerage, all I really had to 

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do was apply for my broker's 
license because I was already 

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associate broker. 
So it was pretty easy to do once

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you have that title. 
So I could have managed an 

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office, which is why I always 
trained agents because and 

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Krista was with me for three 
years and where we did this. 

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So usually I train them and then
they go off on their own. 

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But Presta just stayed. 
So I said, well, what do you 

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think if we just kind of go off 
on our own and do our own thing?

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You know, I think for me, I was 
looking for, you know, an 

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opportunity that offered greater
potential and just more growth. 

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And that was the reasoning why I
wanted to kind of go off. 

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I felt like I couldn't go any 
further, that this was a better 

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opportunity. 
So we are definitely our goal is

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to offer that same opportunity 
to other agents as well and 

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other salesperson. 
So that that's our idea here. 

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We're we're trying to be a 
little bit different on the 

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ideas that we wanted to do 
before that we couldn't express 

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ourselves with such as you know,
we wanted our listings to be 

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prominent, prominently displayed
on a window and we have that 

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now. 
So or hey, we're open, you know,

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we have that now. 
We have a living room space and 

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that's great to have clients 
just come in and relax. 

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I had some past clients of mine 
that came in that were looking 

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to sell their home and 
repurchase. 

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So they came here with their 
children on Friday and one 

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teenager sat up front on the 
couch and another sat in the 

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back, you know, took their shoes
off and had a blanket. 

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And it was just, it was more 
relaxing for them to just have a

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place to do that while, you 
know, we were, you know, showing

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them stuff on the big screen. 
So it was, it was nice to to 

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have that. 
But I think that our goal is to 

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just have something that's 
different and just to stand out 

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and just offer something that's 
more homey and something more 

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relaxing, but also have those 
innovative tools that we're 

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looking for. 
Yeah, well, and where are you 

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guys? 
Where are those windows? 

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Where where are you guys 
physically located? 

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We're in the Queensberry Plaza, 
which is in where Jersey Mike's 

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Olive Garden is. 
Yep. 

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Yeah, yeah. 
The Smoothie King, I think is 

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over there. 
Right. 

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Yeah, Yep. 
Yep. 

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Peco. 
Yeah, yeah. 

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Yeah, that's a busy Plaza. 
That's a good, good place to be.

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And, and have you been in that 
Plaza since, since you opened? 

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Yes. 
'Cause you have to have a 

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physical space right in real 
estate in New York State, Like 

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you can't do like a virtual 
office or something along those 

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lines. 
I I think you can work from your

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home. 
You could have a Home Office, 

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absolutely. 
Oh, you can. 

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Yep, Yep. 
OK, so I know there's like all 

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all the different rules. 
Yeah, yeah. 

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It's just it's a lot of meeting 
people. 

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So I guess if you're comfortable
with that in your own home, then

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that's it, that's an option for 
you. 

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Yeah. 
So how's I know probably 

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everybody listening wants to 
know how's the real estate 

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market right now? 
Like what's going on? 

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I was always trained. 
The real estate market is great.

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No matter what right it's. 
All you say every time, no 

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matter what, it's great. 
But so my take on that is, you 

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know, people ask that all the 
time, but you're oh, it's a slow

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time to start a business or 
it's, it's the interest rates 

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are this and that. 
But the reality is, is that 

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people are always going to need 
to buy or sell if even if they, 

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you know, they're, they're 
relocating, they lost their job,

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they're getting a divorce, 
they're splitting up. 

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I mean, whatever the case may 
be, people are always going to 

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buy and sell. 
So it's just a matter of being 

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in front of those people that 
are buying and selling. 

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That's, you know that. 
So to answer your question, real

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estate's great, but you know, 
you see. 

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Things in the news all the time 
like, you know, in my 

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experience, I always felt like 
our local market is pretty 

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insulated from the pressures 
that a lot of parts of the 

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country see, right. 
So we're almost, I mean, I to my

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knowledge, I think we're almost 
always growing, although 

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sometimes that that growth is 
slower than than other times of 

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the year. 
But it it's, it's good though, 

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right? 
Like good time to sell, good 

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time to buy it's. 
Always a good time to sell, good

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time to buy. 
But I mean to answer your 

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question, it's, it's still a 
little bit of a seller's market.

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It is kind of dabbling a little 
bit the other way. 

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As long as homes, more homes 
keep coming on, then they'll be 

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more opportunity for buyers to 
purchase and so forth. 

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But you know, interest rates are
you know where they're at. 

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And you know, I think when 
people, the buyers start seeing 

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them with A5 in front of them 
versus the six that it makes 

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them kind of go out. 
So it's just, you know, and it 

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is hovering around that so. 
Yeah. 

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Is it so still seller's market, 
would you? 

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So is it still like like every 
listing still getting into that 

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multiple offer situation? 
Are you still seeing a lot of 

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that? 
Or is it, is it kind of back to 

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like a normal seller's market 
where you know, a home's on the 

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market for, I don't know, 30-60 
days maybe and you have offers 

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coming in, but it's not like 25 
people trying to beat down the 

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door of every listing the minute
it goes on the market. 

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I mean, for me, I'm seeing it's 
more location based. 

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If it's in a great location, the
house is in great shape. 

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You're, you're still going to go
into multiple offers, some more 

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of the rural areas or less 
desirable areas. 

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They they'll sit a little bit 
longer. 

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They'll be a little bit more 
negotiable on, on what they're 

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accepting for, you know, 
selling. 

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So it it it changes a lot. 
It depends on the House too. 

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What type of a house? 
Is it? 

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Like townhomes They're they sell
pretty quickly. 

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Multi families I feel like are 
selling a little, a bit slower 

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than single family. 
So it just depends on and also 

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areas a factor too like Chris 
just said and price point. 

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So all those factors make a 
difference as if it's going to 

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go in a multiple offer or if 
it's going to sit and just get 

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one offer. 
Yeah. 

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Well, that's what I was going to
ask you too, is like, what are 

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some of the things like if I'm 
thinking about selling my house,

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like what are going to be some 
indicators that I'm going to be 

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in a situation in a in an area 
or have all the conditions 

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present so that I'm really 
ensuring the fact that there's 

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going to be high demand for my 
house? 

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Like are there things that you 
see often that could indicate 

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that? 
Or is it more just kind of the 

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magical time when all of those 
situations come together at 

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once? 
I mean, I feel like if it's 

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moving ready and it checks a lot
of people's boxes, you know, we 

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still have a lot of obviously 
buyers that are FHA and BA and 

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they're those loans are a little
bit stricter. 

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So you're going to get more 
opportunity for people to come 

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through and then you're going to
get more demand for your 

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property if it it meets those 
demands for those loans and then

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you're going to go into probably
multiple offers. 

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Gotcha. 
And, and and based out of 

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Queensbury, I, I assume though 
you don't just cover Queensbury 

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like what kind of footprint do 
you guys have? 

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Saratoga County, Warren County, 
and Washington County 

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predominantly. 
Some of them, some of Vesic, 

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Yeah, some of Rotterdam. 
Yeah, yeah, yeah. 

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You just sold one. 
Yeah, way, way there. 

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It depends on where we're, you 
know, willing to to travel to. 

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But yeah, we will like if I have
fast plans, I have sold quite a 

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few houses in Rotterdam just 
because that's where they are 

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You. 
Know yeah, yeah, but and like 

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Essex County, is that like is 
Ticonderoga Essex County? 

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Yeah, yeah. 
OK. 

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I love Ticonderoga, by the way. 
It's like a cute, it's a cute 

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little town, you know, like I 
love it. 

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It's like so you know, on the 
listing front, like do you guys 

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see like are you getting in the 
commercial real estate? 

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Are you focusing on residential?
Is it a mixable? 

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Like what does that look like 
for you? 

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I mean. 
We'll. 

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We'll work with both, but I, I 
do prefer residential over 

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commercial. 
For me, I just that's my niche 

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and first time home buyers, I 
really enjoy working with them 

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as well. 
The excitement that comes with 

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all of that, the whole process 
from beginning to end working 

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with them so. 
Yeah, yeah, I have commercial 

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listings, vacant land, 
residential resale, multi 

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families. 
I'll take what you know, what I 

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have. 
What comes in? 

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Work with it. 
Any anything notable on the 

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commercial side? 
Yeah, so I do have the 

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Heidelberg restaurant available 
for sale. 

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It's not Quaker Rd. in 
Queensferry, it's an 

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established, well known German 
and American restaurant and it 

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is turnkey ready. 
The owner is willing to train 

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the potential new buyer so that 
way everything transitions 

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smoothly. 
However, if someone doesn't wish

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to keep it as the Heidelberg, 
they could certainly turn it 

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into a restaurant of their own 
since it's already established 

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for food. 
But yeah, so of course, if 

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00:12:30,120 --> 00:12:33,520
anybody's interested in the 
Heidelberg, you know, just to 

228
00:12:33,520 --> 00:12:35,560
give me a call or call the 
office here. 

229
00:12:36,760 --> 00:12:41,600
Yeah, more information on that. 
I hope whoever buys it keeps it 

230
00:12:41,640 --> 00:12:45,000
as a Heidelberg and continues to
sell that German potato salad 

231
00:12:45,000 --> 00:12:50,040
that those guys it. 
It's like it's the standard. 

232
00:12:50,040 --> 00:12:53,120
I think anytime I have German 
potato salad, like I think about

233
00:12:53,120 --> 00:12:55,320
the Heidelbergs when I'm eating 
a German, I'm like, oh, it's 

234
00:12:55,320 --> 00:12:56,840
just not quite as good because 
their. 

235
00:12:56,840 --> 00:13:00,000
German salad. 
Is absolutely amazing. 

236
00:13:00,400 --> 00:13:03,240
Yeah, I, I walked in there and 
he had on special. 

237
00:13:03,760 --> 00:13:05,640
I just went in there to talk to 
him, you know, about real 

238
00:13:05,640 --> 00:13:10,240
estate. 
And he had a dill potato soup 

239
00:13:10,240 --> 00:13:13,800
and I was with bacon and I was 
like, OK, I have to have some of

240
00:13:13,800 --> 00:13:16,360
that to bring home and have 
later for dinner. 

241
00:13:16,360 --> 00:13:19,160
So that was really awesome. 
Yeah, it was really delicious 

242
00:13:19,160 --> 00:13:21,120
too. 
Yeah, I love their food. 

243
00:13:21,160 --> 00:13:23,840
I, When I still lived in town, I
used to go there all the time 

244
00:13:24,400 --> 00:13:29,040
and whether it was the, Oh my 
God, I'm, I'm blanking on the 

245
00:13:29,040 --> 00:13:31,560
name of the sandwich, a Reuben 
boy. 

246
00:13:31,560 --> 00:13:33,280
I couldn't think of that. 
He used to get the Reubens all 

247
00:13:33,280 --> 00:13:36,560
the time anyway. 
And that and the German potato 

248
00:13:36,560 --> 00:13:39,560
salad is such a good combo, so 
yummy. 

249
00:13:41,480 --> 00:13:44,040
And so, you know, I'm curious 
about when, when someone's 

250
00:13:44,040 --> 00:13:46,640
selling a restaurant like that, 
obviously there's the real 

251
00:13:46,640 --> 00:13:49,120
estate portion and then there's 
the business portion as well. 

252
00:13:49,120 --> 00:13:52,640
Like does that. 
So I, I think if what you're 

253
00:13:52,640 --> 00:13:55,120
saying is like it can be bought 
as a package, both the business 

254
00:13:55,120 --> 00:13:57,440
and the real estate or someone 
can just buy the real estate, is

255
00:13:57,440 --> 00:13:58,800
that how, like how does that 
work? 

256
00:13:59,360 --> 00:14:04,600
Yeah, so that's exactly right. 
So the option is to you can just

257
00:14:04,600 --> 00:14:08,440
buy the building and use it as 
whatever you want. 

258
00:14:09,280 --> 00:14:11,560
If you want to change it from a 
restaurant, obviously you have 

259
00:14:11,560 --> 00:14:14,160
to go to the town and see if 
it's something that you could 

260
00:14:14,160 --> 00:14:15,640
do. 
Otherwise you would just keep it

261
00:14:15,640 --> 00:14:21,600
as a restaurant of your liking. 
Or for a different tiered price,

262
00:14:21,600 --> 00:14:25,560
you can have the current owner 
train you and just keep it like 

263
00:14:25,560 --> 00:14:28,000
a smooth transaction and 
continue right on as the 

264
00:14:28,000 --> 00:14:31,880
Heidelberg with all the contents
that go with the establishment 

265
00:14:31,880 --> 00:14:35,640
for the Heidelberg, such as, you
know, every everything, the 

266
00:14:35,640 --> 00:14:39,080
decor, the the boots, you know 
that you drink out of. 

267
00:14:39,520 --> 00:14:42,400
Yeah. 
And just everything that goes 

268
00:14:42,400 --> 00:14:45,160
with that. 
But just standing alone with 

269
00:14:45,160 --> 00:14:48,840
equipment and you know, 
everything comes comes with it 

270
00:14:49,280 --> 00:14:51,840
if you don't want to have the 
Heidelberg name in the business 

271
00:14:52,200 --> 00:14:54,200
to continue on. 
Which why wouldn't you? 

272
00:14:54,240 --> 00:14:55,760
I mean, how, how long have they 
been in business? 

273
00:14:56,400 --> 00:15:04,280
Since 1972, The thing is 1972. 
We're, so we're over 50 years, I

274
00:15:04,280 --> 00:15:07,640
mean 50 of brand recognition and
reputation. 

275
00:15:07,640 --> 00:15:09,280
You really can't replace that, 
you know. 

276
00:15:09,680 --> 00:15:11,520
Right. 
Well, I hope someone buys it. 

277
00:15:11,560 --> 00:15:13,440
I hope that they keep it. 
The Heidelberg. 

278
00:15:13,800 --> 00:15:17,720
Yes, it's the same here. 
What, Lynn, what does marketing 

279
00:15:17,760 --> 00:15:21,160
a listing like that entail? 
Like that's got to be hard, a 

280
00:15:21,160 --> 00:15:23,600
hard thing to market. 
Yeah. 

281
00:15:23,600 --> 00:15:29,320
Well, hopefully that's why we're
using this podcast as a but 

282
00:15:29,320 --> 00:15:32,640
yeah, so I have, we have an 18 
by 24 display of just the 

283
00:15:32,640 --> 00:15:35,920
Heidelberg here at the office in
the window, hey, restaurant for 

284
00:15:35,920 --> 00:15:37,960
sale. 
And it displays, you know, their

285
00:15:37,960 --> 00:15:41,280
food that they're using. 
So not only with that, but of 

286
00:15:41,280 --> 00:15:45,040
course the Internet, most people
are shopping online for 

287
00:15:45,080 --> 00:15:47,560
everything that they're, you 
know, looking to purchase. 

288
00:15:47,560 --> 00:15:50,840
So you know, a lot of different 
commercial sites there. 

289
00:15:51,080 --> 00:15:53,800
There are besides the MLS that 
you could put them on that will 

290
00:15:53,800 --> 00:15:56,680
syndicate out or just people 
looking in commercial. 

291
00:15:57,400 --> 00:15:59,920
It's a different it's a 
different animal. 

292
00:15:59,920 --> 00:16:03,280
And that's why I think a lot of 
people don't like to get into 

293
00:16:03,320 --> 00:16:05,200
commercial. 
It is a little it's different, 

294
00:16:05,240 --> 00:16:08,440
you know, it's just different. 
Got the the building is square 

295
00:16:08,440 --> 00:16:11,000
feet the equipment you kind of 
have to know what you're looking

296
00:16:11,000 --> 00:16:13,640
at. 
And, you know, I think a lot of 

297
00:16:14,200 --> 00:16:17,440
home experience kind of trickles
onto that because if you don't 

298
00:16:17,440 --> 00:16:20,480
know what a central area unit 
looks like compared to a furnace

299
00:16:20,480 --> 00:16:24,680
or a water tank, or if the hot 
water tank is, you know, fueled 

300
00:16:24,680 --> 00:16:27,120
by gas or if it's electric. 
I mean, you kind of have to know

301
00:16:27,120 --> 00:16:29,560
all of that stuff. 
So when you get into commercial,

302
00:16:29,560 --> 00:16:31,200
it's just like a totally 
different thing. 

303
00:16:31,760 --> 00:16:33,120
Yeah. 
So, yeah. 

304
00:16:33,680 --> 00:16:36,360
But yeah, there's different 
search engines and stuff that 

305
00:16:36,360 --> 00:16:40,160
you can put out there because a 
lot of people do look on the 

306
00:16:40,160 --> 00:16:43,360
Internet, I feel. 
But, and that's another thing 

307
00:16:43,360 --> 00:16:47,000
that we were trying to 
accomplish here is people do 

308
00:16:47,000 --> 00:16:49,080
like to shop online. 
And people are shopping online 

309
00:16:49,080 --> 00:16:52,680
more and more and more. 
And a lot of buyers are shopping

310
00:16:52,680 --> 00:16:54,760
online. 
We kind of want to, we agree 

311
00:16:54,760 --> 00:16:57,520
that we appreciate. 
We appreciate that I shop a lot,

312
00:16:57,800 --> 00:16:59,720
a lot online for clothes. 
I shouldn't do that. 

313
00:17:01,440 --> 00:17:04,200
It's bad. 
Never again, I say. 

314
00:17:04,200 --> 00:17:05,920
But then I do it. 
But anyways, it's the same 

315
00:17:05,920 --> 00:17:07,760
thing. 
Like we're trying to do that old

316
00:17:07,760 --> 00:17:11,760
school where people could just 
kind of walk in and have that 

317
00:17:11,760 --> 00:17:16,280
same shopping experience that 
they used to have versus just 

318
00:17:16,280 --> 00:17:18,960
going online. 
So we're hoping to bring that to

319
00:17:18,960 --> 00:17:22,640
the community where people can 
just come here and kind of shop 

320
00:17:22,640 --> 00:17:27,119
here like on our iPads or on our
flat screens and kind of browse 

321
00:17:27,160 --> 00:17:29,720
or what are you looking for? 
Like, hey, let's look together 

322
00:17:30,320 --> 00:17:32,960
type of thing. 
No pressure, just relaxing type 

323
00:17:32,960 --> 00:17:34,960
of thing. 
So that's kind of what part of 

324
00:17:34,960 --> 00:17:38,920
our goal is to. 
Is so it's really that like, 

325
00:17:39,400 --> 00:17:42,120
like you said, that old school 
kind of service, right? 

326
00:17:42,120 --> 00:17:44,880
Like we'll, we'll look with you 
as opposed to just, you know, 

327
00:17:44,880 --> 00:17:47,120
hey, find the house and and 
we'll set up the showings. 

328
00:17:47,160 --> 00:17:51,680
Right, exactly. 
Yeah, we do have two additional 

329
00:17:51,680 --> 00:17:55,480
girls here with us. 
We have Marina Ladder Rescue and

330
00:17:55,520 --> 00:18:00,160
we also have Christine Serrano. 
They're both sales, licensed 

331
00:18:00,160 --> 00:18:03,200
sales professionals here. 
And that's another thing that we

332
00:18:03,200 --> 00:18:08,080
do is we bought our, all of our 
agents electronic desk where 

333
00:18:08,080 --> 00:18:12,000
they can stand or sit. 
We also have a walking pad here 

334
00:18:12,000 --> 00:18:15,560
that anyone can use. 
We just wanted to bring that 

335
00:18:15,960 --> 00:18:19,360
extra special something for, you
know, and the same thing with 

336
00:18:19,360 --> 00:18:21,600
the living room, like if we need
a break and we just want to step

337
00:18:21,600 --> 00:18:26,000
away and just go relax for 10 
minutes or 1/2 hour or whatever,

338
00:18:26,280 --> 00:18:29,240
you know, we can just do that. 
And that's the beauty about 

339
00:18:29,240 --> 00:18:31,800
being an independent contractor.
You know, we make our own hours,

340
00:18:31,800 --> 00:18:34,880
we do our own thing. 
So that's nice. 

341
00:18:35,000 --> 00:18:37,400
But, you know, I mean, and also,
you know, we're, we're really 

342
00:18:37,400 --> 00:18:41,280
looking for agents who feel the 
same way that we feel and have 

343
00:18:41,280 --> 00:18:44,480
that same mindset where, you 
know, they might want to join 

344
00:18:44,480 --> 00:18:47,760
here and have that same feeling 
that, you know, the four of us 

345
00:18:47,760 --> 00:18:50,600
have here together so far. 
Yeah. 

346
00:18:50,600 --> 00:18:53,640
So a lot more community, a lot 
more, a lot more personal touch 

347
00:18:53,640 --> 00:18:54,760
it sounds. 
Yeah. 

348
00:18:55,480 --> 00:18:59,000
Yeah, it's nice. 
Krista, I'm I'm curious, you 

349
00:18:59,000 --> 00:19:01,840
know, you'd mentioned working 
with a lot more or that you like

350
00:19:01,840 --> 00:19:03,440
to work with first time home 
buyers. 

351
00:19:03,840 --> 00:19:07,400
Are you seeing any kind of like 
trends or or things going on 

352
00:19:07,400 --> 00:19:09,240
with first time home buyers that
might be new? 

353
00:19:09,240 --> 00:19:11,920
I don't know if there is, but 
I'm just curious about. 

354
00:19:13,560 --> 00:19:17,680
No, not really. 
I mean, I feel like as long as 

355
00:19:17,680 --> 00:19:20,680
they meet with a lender first 
and get an idea of what that 

356
00:19:20,680 --> 00:19:24,800
budget looks like because we can
all pay rent, but when something

357
00:19:24,800 --> 00:19:26,360
goes wrong, you call the 
landlord. 

358
00:19:26,360 --> 00:19:29,040
So I think it's different when 
you purchase a house and you're 

359
00:19:29,040 --> 00:19:31,800
having that conversation of 
walking through and saying it 

360
00:19:31,960 --> 00:19:34,840
like the hot water tank is 
already at end of life and you 

361
00:19:34,840 --> 00:19:38,080
might be already meeting a new 
one once you become the owner of

362
00:19:38,080 --> 00:19:40,920
it, stuff like that. 
So just talking with the lender 

363
00:19:41,080 --> 00:19:45,760
helps them a lot figure out 
their expenses versus thinking 

364
00:19:45,760 --> 00:19:49,480
they know what they can afford 
monthly and they have interact 

365
00:19:49,520 --> 00:19:52,120
inaccurate numbers because 
they're not usually taking in 

366
00:19:52,120 --> 00:19:56,720
taxes and all of that too. 
So it's just trying to be as 

367
00:19:56,720 --> 00:19:59,720
realistic with them and making 
them feel comfortable with what 

368
00:19:59,720 --> 00:20:03,640
their budget is to to make that 
next step for them. 

369
00:20:04,960 --> 00:20:10,280
So not to say how old I am, but 
I am getting on in years and I 

370
00:20:10,280 --> 00:20:12,600
know when I bought my first 
house I think it was like 

371
00:20:12,600 --> 00:20:18,400
$86,000. 
What's a what's a average price 

372
00:20:18,400 --> 00:20:20,120
range do you think? 
Or, you know, shooting from the 

373
00:20:20,120 --> 00:20:22,440
hip for first time home buyers 
right now in the current market.

374
00:20:24,120 --> 00:20:29,880
It's, I mean for something I 
would say minimum of like 175 

375
00:20:29,880 --> 00:20:36,400
honestly to get something that's
you know, within you can live in

376
00:20:36,400 --> 00:20:38,240
it without. 
You're right, it's got to take. 

377
00:20:38,360 --> 00:20:41,600
It out and then you. 
Completely got it before you 

378
00:20:41,800 --> 00:20:45,960
make it out. 
Yeah, yeah, it's pretty wild. 

379
00:20:46,000 --> 00:20:50,120
I was, I was looking at 
something recently and like what

380
00:20:50,200 --> 00:20:52,720
a lot of foreclosures are going 
for and I was like, Oh my God, 

381
00:20:52,720 --> 00:20:54,920
like it's a foreclosure. 
You're going to have to do so 

382
00:20:54,920 --> 00:20:58,440
much work and, and just some of 
the prices sound so scary. 

383
00:20:58,440 --> 00:21:01,440
And so I was just curious about 
like, you know, first time home 

384
00:21:01,440 --> 00:21:03,280
buyer, like what does that look 
like for folks? 

385
00:21:03,280 --> 00:21:08,040
And do you see a a fair amount 
of first time home buyers? 

386
00:21:08,600 --> 00:21:09,960
I do. 
That's good. 

387
00:21:10,520 --> 00:21:12,800
Yeah, it's encouraging, 
absolutely. 

388
00:21:12,800 --> 00:21:17,200
There's, I feel like there's 
like a gap of where there's a 

389
00:21:17,200 --> 00:21:19,400
certain age where I think 
they're comfortable renting. 

390
00:21:19,760 --> 00:21:22,440
And I feel like there's a lot of
really young people just out of 

391
00:21:22,440 --> 00:21:26,280
College in their mid 20s that 
are very eager to home buy right

392
00:21:26,280 --> 00:21:28,840
now. 
And so that's fun. 

393
00:21:29,400 --> 00:21:30,640
Yeah, that's amazing. 
I know. 

394
00:21:30,680 --> 00:21:34,800
Restarting that again, you know.
Because the. 30s are kind of 

395
00:21:34,800 --> 00:21:37,720
settled, they like where they're
at and it's fine if you're 

396
00:21:37,720 --> 00:21:40,840
comfortable right? 
But IA lot of my first time home

397
00:21:40,840 --> 00:21:43,160
buyers right now I'd say are mid
20s and. 

398
00:21:43,520 --> 00:21:45,520
They're good to go. 
That's awesome. 

399
00:21:45,560 --> 00:21:47,360
I know. 
What was it just a few years ago

400
00:21:47,360 --> 00:21:50,320
there was like a huge trend with
people not wanting to own and 

401
00:21:50,320 --> 00:21:53,720
wanting to rent, right? 
And that kind of was sending 

402
00:21:53,720 --> 00:21:56,360
things in a bit of a tumultuous 
state. 

403
00:21:56,360 --> 00:21:58,680
But good to hear that that's 
changing. 

404
00:21:58,680 --> 00:22:04,360
Yeah, yeah, yeah. 
What as we look kind of down the

405
00:22:04,360 --> 00:22:07,400
road a little bit are are do you
see any trends coming up? 

406
00:22:07,480 --> 00:22:10,360
You know, do you see things 
moving in any certain directions

407
00:22:10,360 --> 00:22:14,080
as far as turning more to a 
buyer's market or, you know, 

408
00:22:14,240 --> 00:22:16,560
things softening or staying a 
seller's market? 

409
00:22:16,560 --> 00:22:18,240
Like what do you, what do you 
see down the road for the next 

410
00:22:18,240 --> 00:22:22,120
year or two? 
I mean, I, I really see things 

411
00:22:22,120 --> 00:22:26,440
staying the way that they are. 
I mean, if we could get more 

412
00:22:27,600 --> 00:22:31,320
inventory, more houses on the 
market, I think that would slow 

413
00:22:31,320 --> 00:22:34,840
down the IT being a seller's 
market at this point. 

414
00:22:34,840 --> 00:22:39,160
But we just don't have a lot of 
inventory for buyers to look at.

415
00:22:39,160 --> 00:22:43,200
So when something comes on the 
market, we all have a plethora 

416
00:22:43,200 --> 00:22:45,680
of buyers right now, but nothing
to show them. 

417
00:22:46,040 --> 00:22:48,840
So when that house comes on the 
market, that's why it's still a 

418
00:22:48,840 --> 00:22:51,880
seller's market. 
The the young buyers or really 

419
00:22:51,880 --> 00:22:56,160
any buyer, there is a concern 
with the interest rates. 

420
00:22:56,360 --> 00:22:58,520
But they'll look past it. 
If they really like that house 

421
00:22:58,520 --> 00:23:02,240
and it's in their budget, but we
just don't have the inventory. 

422
00:23:02,240 --> 00:23:04,760
So and it's it's been like that 
for a while. 

423
00:23:04,760 --> 00:23:08,680
So I don't I don't necessarily 
see that changing anytime soon. 

424
00:23:09,200 --> 00:23:12,960
I'm hoping that the spring will 
for a lot of that because I 

425
00:23:12,960 --> 00:23:15,480
think a lot of people have that 
mindset where I'm not going to 

426
00:23:15,560 --> 00:23:17,320
put my house phone until the 
spring. 

427
00:23:17,720 --> 00:23:21,920
But what they don't realize that
people should be putting their 

428
00:23:21,920 --> 00:23:26,000
house on all times of the year 
because of the inventory. 

429
00:23:26,360 --> 00:23:30,160
But also a lot of sellers have 
that mindset where I'm not going

430
00:23:30,160 --> 00:23:33,520
to put my house on the market in
the winter time, which is so 

431
00:23:33,520 --> 00:23:36,360
false. 
Because if you're in the spring 

432
00:23:36,360 --> 00:23:38,920
market, which is when everybody 
puts their house on the market, 

433
00:23:38,960 --> 00:23:41,280
you're competing with everyone 
else. 

434
00:23:41,280 --> 00:23:44,600
If you list your house in the 
winter time where there's a huge

435
00:23:44,600 --> 00:23:48,800
snowstorm and nobody else is 
doing that and you're the only 

436
00:23:48,800 --> 00:23:51,600
house on the market, your house 
is going to sell. 

437
00:23:51,600 --> 00:23:55,440
And you know, and you're going 
to be very, you know, one of 

438
00:23:55,520 --> 00:23:57,960
those houses that are just, 
everybody wants because it's the

439
00:23:57,960 --> 00:24:00,640
only one. 
So I, when people say, you know,

440
00:24:00,640 --> 00:24:03,080
I'm going to wait till spring, 
Maybe you shouldn't wait till 

441
00:24:03,080 --> 00:24:05,760
spring. 
Maybe you should wait until 

442
00:24:06,680 --> 00:24:08,960
winter fall. 
I know, I know. 

443
00:24:08,960 --> 00:24:11,360
It's if you just think outside 
the box a little bit and just 

444
00:24:11,360 --> 00:24:15,840
have that mindset of, you know, 
spring is not the yes, it's what

445
00:24:15,840 --> 00:24:18,040
everybody does, but everybody 
thinks that way. 

446
00:24:18,040 --> 00:24:21,480
And winter is a great 
opportunity as well to sell your

447
00:24:21,480 --> 00:24:23,760
home because you have less 
competition. 

448
00:24:24,160 --> 00:24:28,880
And yeah, so that's, you know, 
hopefully things will come on in

449
00:24:28,880 --> 00:24:30,680
the winter too. 
Hopefully I'm sparking people to

450
00:24:30,680 --> 00:24:35,640
list in the winter, right? 
You know, the, the inventory 

451
00:24:35,640 --> 00:24:38,240
thing is really fascinating to 
me too, especially like in the 

452
00:24:38,240 --> 00:24:40,520
Glens Falls, Queensbury area, 
right? 

453
00:24:40,520 --> 00:24:43,840
Like obviously Glens Falls, not 
a lot of development going on, 

454
00:24:43,880 --> 00:24:46,920
but I, I feel like Queensbury 
still has a, a fair amount of 

455
00:24:46,920 --> 00:24:49,520
development going on, right? 
Like I, you know, just over on 

456
00:24:49,520 --> 00:24:51,800
what is it Corinth Rd. 
There's a few different 

457
00:24:51,800 --> 00:24:54,880
developments over there. 
Sherman Ave. 

458
00:24:54,880 --> 00:24:58,960
I think Upper Sherman's got some
stuff going on it, it, it's, 

459
00:25:00,200 --> 00:25:03,240
it's interesting to me that we 
have development happening. 

460
00:25:03,240 --> 00:25:07,320
We have a huge rental market 
and, and I feel like more, you 

461
00:25:07,320 --> 00:25:10,600
know, more rentals popping up 
all the time and, and rental 

462
00:25:10,720 --> 00:25:14,640
developments popping up. 
And yet we still have such a 

463
00:25:14,640 --> 00:25:17,440
demand problem or supply 
problem, which creates the 

464
00:25:17,440 --> 00:25:20,640
demand problem. 
And, and any ideas on why that 

465
00:25:20,640 --> 00:25:22,920
is? 
Like, it never seems to wane. 

466
00:25:22,920 --> 00:25:26,360
It just seems to stay steady 
even though there's new new 

467
00:25:26,360 --> 00:25:28,440
houses being put into the 
market. 

468
00:25:29,640 --> 00:25:30,680
Yeah. 
I mean, that makes sense that 

469
00:25:30,680 --> 00:25:33,160
there's a lot of new 
construction because there is no

470
00:25:33,360 --> 00:25:36,560
residential resale out there. 
If residential resale is low, 

471
00:25:37,000 --> 00:25:40,800
then they're going to build no 
inventory and then they'll sell 

472
00:25:40,800 --> 00:25:43,480
it. 
But the price, the problem is 

473
00:25:43,480 --> 00:25:46,560
that pricing for new 
construction is very costly. 

474
00:25:46,560 --> 00:25:52,880
So I mean it's more expensive to
build now and but they still 

475
00:25:52,880 --> 00:25:54,800
sell because there's no 
inventory. 

476
00:25:55,000 --> 00:25:56,520
But that's a really good 
question. 

477
00:25:56,520 --> 00:26:00,000
How you asked before about why 
maybe people are not selling. 

478
00:26:00,200 --> 00:26:02,920
I think it's because if you're a
seller right now, your interest 

479
00:26:02,920 --> 00:26:06,080
rate is probably lower than it 
is now. 

480
00:26:06,120 --> 00:26:09,240
If you just bought within the 
past, let's just say eight years

481
00:26:09,240 --> 00:26:12,400
or so, your interest rates going
to be significantly lower than 

482
00:26:12,400 --> 00:26:15,880
it is now. 
So in order for you to sell and 

483
00:26:15,880 --> 00:26:19,160
buy, when you purchase, your 
interest rate is going to be 

484
00:26:19,160 --> 00:26:22,040
what the rate is today. 
So a lot of people are not 

485
00:26:22,040 --> 00:26:25,600
selling because of that reason. 
So that explains why there isn't

486
00:26:25,600 --> 00:26:27,640
a lot of inventory. 
OK. 

487
00:26:28,240 --> 00:26:30,600
Because they don't want to where
we're unless they're moving into

488
00:26:30,600 --> 00:26:32,800
an apartment. 
It really doesn't make sense for

489
00:26:32,800 --> 00:26:36,600
them. 
They're going to increase their 

490
00:26:36,600 --> 00:26:38,600
payment, right, Because their 
interest rates going to go up. 

491
00:26:38,600 --> 00:26:41,120
The house is probably going to 
be more expensive so better to 

492
00:26:41,920 --> 00:26:44,400
sit tight and and fingers 
crossed right? 

493
00:26:45,840 --> 00:26:48,960
So I, I think that's a huge 
factor into why there's no 

494
00:26:48,960 --> 00:26:50,720
inventory. 
Yeah. 

495
00:26:51,720 --> 00:26:54,960
I I mean, are there any market 
forces that are going to ship 

496
00:26:54,960 --> 00:26:56,640
that or is that just kind of the
new normal? 

497
00:26:59,120 --> 00:27:01,120
It's that interest rate I think 
that drives it. 

498
00:27:01,120 --> 00:27:04,560
So if that those rates come down
even like I said at the 

499
00:27:04,560 --> 00:27:08,640
beginning of the podcast, if a 
buyer sees or a seller sees it 

500
00:27:08,640 --> 00:27:14,840
in a 5A5 point something versus 
A6 or 7%, then they might be 

501
00:27:14,840 --> 00:27:19,320
more likely to say, OK, well 
now's the time because you know,

502
00:27:19,320 --> 00:27:22,240
they, they are talking and 
saying that we're never going to

503
00:27:22,240 --> 00:27:24,600
get back down to that 3% anytime
soon. 

504
00:27:24,800 --> 00:27:26,680
So I, I do believe that's 
correct. 

505
00:27:26,680 --> 00:27:29,560
I don't think it's going to 
going to go back down to 3%. 

506
00:27:29,560 --> 00:27:33,320
I just don't. 
So I think that if the if the 

507
00:27:33,320 --> 00:27:35,920
sellers and the buyers see it 
with the five in front of it, 

508
00:27:35,920 --> 00:27:40,280
that might be a little a little 
bit of a push for that potential

509
00:27:40,280 --> 00:27:41,960
too. 
They say, OK, there's well 

510
00:27:41,960 --> 00:27:44,520
there's potential interest rate 
to sell now and move. 

511
00:27:45,320 --> 00:27:47,400
Yeah. 
Are there any, I'm just 

512
00:27:47,720 --> 00:27:50,480
wondering if there's any areas 
like any areas that are in super

513
00:27:50,480 --> 00:27:52,120
high demand right now. 
So if they're a seller, they 

514
00:27:52,120 --> 00:27:53,760
should probably call you and 
list their house with you 

515
00:27:53,760 --> 00:27:57,160
because they're in that area. 
Lake George School District. 

516
00:27:58,560 --> 00:28:03,600
Still I. 
Mean yes, Deborah, Deborah, it's

517
00:28:04,040 --> 00:28:05,880
you got a house with Lake George
School District. 

518
00:28:05,880 --> 00:28:07,400
Doesn't matter what your address
is. 

519
00:28:07,400 --> 00:28:09,640
Diamond Point, Queensbury, 
whatever. 

520
00:28:09,880 --> 00:28:11,600
Yeah. 
You're going to sell. 

521
00:28:13,240 --> 00:28:15,200
You know, it's funny because I 
mean, I've been hearing that 

522
00:28:15,320 --> 00:28:18,840
it's got to be 20 years, right 
That that I've been hearing that

523
00:28:18,840 --> 00:28:22,600
is it like is the school system 
like George really like that 

524
00:28:22,600 --> 00:28:24,040
amazing. 
I just, I don't know, like I 

525
00:28:24,040 --> 00:28:25,920
don't know anything about it, 
but I've been hearing that same 

526
00:28:25,920 --> 00:28:31,560
thing for decades. 
It's it's it is a good school 

527
00:28:31,560 --> 00:28:37,840
system, but the taxes are really
good and that helps with a 

528
00:28:37,840 --> 00:28:41,240
higher price point house if you 
have those lower taxes. 

529
00:28:41,640 --> 00:28:43,960
So yeah, but no, the school is 
good. 

530
00:28:44,200 --> 00:28:49,200
I mean, I might be biased. 
My son was there, my husband 

531
00:28:49,200 --> 00:28:52,440
graduated from there, so. 
That's why I laugh when she says

532
00:28:52,440 --> 00:28:56,320
Lake George. 
My answer would be anywhere. 

533
00:28:56,320 --> 00:29:00,280
Everywhere is hot. 
There's nothing out there so. 

534
00:29:00,560 --> 00:29:02,240
But it does seem to move 
quicker. 

535
00:29:02,240 --> 00:29:04,360
I wouldn't say if it has a. 
Lake George. 

536
00:29:05,320 --> 00:29:06,600
School District. 
Yeah. 

537
00:29:07,320 --> 00:29:10,280
Well, and shout out to your 
husband, Joel, by the way, you 

538
00:29:10,280 --> 00:29:12,240
know him and I go way back, 
obviously. 

539
00:29:12,680 --> 00:29:15,720
Yeah. 
How is how is Mr. Lemay? 

540
00:29:15,720 --> 00:29:18,240
He's. 
He's doing. 

541
00:29:18,560 --> 00:29:21,160
Just. 
Fine, that's good. 

542
00:29:21,200 --> 00:29:23,400
That's good. 
Well, please, if he doesn't 

543
00:29:23,400 --> 00:29:24,800
listen to this, please give him 
my best. 

544
00:29:25,400 --> 00:29:29,480
I will. 
So how about the future of Lux 

545
00:29:29,480 --> 00:29:31,680
Key? 
What, what is the next year? 

546
00:29:31,680 --> 00:29:32,840
2 years? 
You know, you're a young 

547
00:29:32,840 --> 00:29:36,440
business, you know, obviously 
you both have years of 

548
00:29:36,440 --> 00:29:39,040
experience in real estate, but 
as a business you're, you're in 

549
00:29:39,040 --> 00:29:41,400
your first year, you're moving 
on to year 2, year three. 

550
00:29:41,840 --> 00:29:43,400
What does that look like for you
guys? 

551
00:29:46,440 --> 00:29:48,760
I feel like it's wants. 
To be. 

552
00:29:49,360 --> 00:29:52,120
A name that people recognize. 
It's not new anymore. 

553
00:29:54,440 --> 00:29:58,440
I, I mean, I would love to have 
a bunch of agents in here that 

554
00:29:58,440 --> 00:30:02,680
have the same goals that we do 
and have that same mindset that 

555
00:30:02,680 --> 00:30:08,680
we have and, you know, have that
opportunity for all of us to 

556
00:30:08,680 --> 00:30:11,800
grow together. 
And I don't, I mean, I don't 

557
00:30:11,800 --> 00:30:14,640
feel like we both have the same 
thing where we're not, we're not

558
00:30:14,640 --> 00:30:16,680
looking to get to be a huge 
brokerage. 

559
00:30:16,680 --> 00:30:18,920
We're not looking to have 100 
agents. 

560
00:30:18,920 --> 00:30:23,200
That's not our goal. 
We're, we definitely have that 

561
00:30:23,280 --> 00:30:28,480
boutique feel, right, that we 
want to try to, to have our 

562
00:30:28,480 --> 00:30:34,320
agents feel the same way as us. 
And yeah, that's, that's what 

563
00:30:34,320 --> 00:30:36,840
I'm thinking. 
That's my vision as far as my 

564
00:30:37,320 --> 00:30:40,040
what I'm kind of thinking. 
But it's always going to happen 

565
00:30:40,040 --> 00:30:42,960
for stuff, you know? 
I said when I retire, she's got 

566
00:30:42,960 --> 00:30:45,840
to run the whole show. 
We don't want to talk about Cat 

567
00:30:45,840 --> 00:30:48,400
Dog. 
She's not leaving anytime soon. 

568
00:30:49,880 --> 00:30:52,520
I will drag her here. 
Yeah, yeah. 

569
00:30:53,160 --> 00:30:55,920
Running business is not easy. 
So I I get it. 

570
00:30:56,600 --> 00:30:59,040
I get it. 
It's definitely nice to have a 

571
00:30:59,040 --> 00:31:03,840
place to kind of feel at home 
here, you know, like I, I feel 

572
00:31:03,840 --> 00:31:06,320
at home here, you know, I feel 
like this is like my second 

573
00:31:06,360 --> 00:31:11,400
home, you know? 
Yes, But we do have a, you know,

574
00:31:12,240 --> 00:31:19,120
another hidden relaxing area. 
We'll just call it that so that,

575
00:31:19,160 --> 00:31:23,240
you know, for us, you know. 
Just to get away, you can hide 

576
00:31:23,240 --> 00:31:25,560
where the windows you know you 
can't be seen. 

577
00:31:27,040 --> 00:31:28,720
You need a moment. 
You got it. 

578
00:31:28,760 --> 00:31:30,120
You. 
Can make sure you're back to it.

579
00:31:30,120 --> 00:31:35,600
Yeah. 
So if people want to learn more 

580
00:31:35,600 --> 00:31:38,920
about Lux or they want to learn 
more about your listing the 

581
00:31:38,920 --> 00:31:42,560
Heidelberg, or they want to see 
more about you guys, who you are

582
00:31:42,560 --> 00:31:43,960
and what you're about, how do 
they find you? 

583
00:31:45,800 --> 00:31:49,080
Well, we do have a website, 
luxkeyreality.com. 

584
00:31:49,440 --> 00:31:55,440
Or they can call us on our main 
line here at 518-791-7494 or 

585
00:31:55,440 --> 00:31:58,360
they can stop in. 
Perfect. 

586
00:31:58,880 --> 00:32:00,920
No, our phone number is not 
that. 

587
00:32:00,920 --> 00:32:07,600
She's working on that and 
518-741-7494. 

588
00:32:09,040 --> 00:32:11,680
The struggle is real, Lynn. 
The struggle, I just, I got a 

589
00:32:11,680 --> 00:32:15,120
new cell number like four months
ago and I still mess it up all 

590
00:32:15,120 --> 00:32:17,400
the time so. 
I'm so used to seeing my cell 

591
00:32:17,400 --> 00:32:21,240
phone and not having an office 
phone just to give to anybody. 

592
00:32:21,240 --> 00:32:24,000
So it's it's kind of like 
learning, you know, a new phone 

593
00:32:24,000 --> 00:32:27,840
number all over again. 
But when I saw her look at me, I

594
00:32:27,840 --> 00:32:29,600
was like, that's not ready. 
That's not ready. 

595
00:32:30,080 --> 00:32:32,080
We're getting there, We're 
getting there. 

596
00:32:32,520 --> 00:32:33,800
A couple more months I'll have 
it down. 

597
00:32:34,160 --> 00:32:35,520
It's a process. 
It's a process. 

598
00:32:35,920 --> 00:32:39,840
I get it, I get it. 
Well, ladies, I really 

599
00:32:39,840 --> 00:32:42,160
appreciate you coming on the 
show with me and talking about 

600
00:32:42,160 --> 00:32:45,720
Lux and helping our listeners 
and viewers learn more about who

601
00:32:45,720 --> 00:32:48,560
you are and what you're doing. 
And, and, and I think I'm 

602
00:32:48,560 --> 00:32:51,240
excited about the Heidelberg 
listing, so long as someone 

603
00:32:51,240 --> 00:32:55,160
keeps it to Heidelberg, right. 
But interesting to hear about it

604
00:32:55,160 --> 00:32:57,760
though. 
And Congrats to the current 

605
00:32:57,760 --> 00:33:00,880
owner for being in the position 
after 50 years to be able to 

606
00:33:00,880 --> 00:33:02,200
sell it. 
That's every business owner's 

607
00:33:02,200 --> 00:33:02,720
dream, right? 
Yeah. 

608
00:33:03,680 --> 00:33:05,080
Thank you so much for having us 
on the show. 

609
00:33:05,080 --> 00:33:06,000
Yeah. 
Thank you. 

610
00:33:06,000 --> 00:33:09,040
Absolutely, absolutely come back
anytime we're here. 

611
00:33:11,560 --> 00:33:14,120
Thanks everybody for listening. 
Of course, you can find us at 

612
00:33:14,120 --> 00:33:18,000
buying local dot US and on all 
your podcast channels, whether 

613
00:33:18,000 --> 00:33:23,000
that is YouTube, Spotify, Apple 
Podcast Rumble or anywhere on 

614
00:33:23,000 --> 00:33:24,440
the Internet, I guess that has 
podcasts. 

615
00:33:24,440 --> 00:33:27,000
So thanks everybody for 
listening and you'll of course 

616
00:33:27,000 --> 00:33:27,880
hear from us next week.
