227 East 17th Street Penthouse Private Placement Plan

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BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


Proven

Results

BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


STEVEN JAMES

President & CEO, BHHS New York Properties

DIANE RAMIREZ

Chief Strategy Officer, BHHS New York Properties

BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


Rebny

Distribution

Apartments.com is the leading online apartment listing website offering renters access to information with more than 1.1M listing available. HomeFinder is part of the top 5 sites for streaming home searches from sales to rentals including foreclosure and rent to own homes. REA Group is the No. 1 digital advertising company specialized in residential and commercial Real Estate UrbanDigs is a premier real estate service provider for Manhattan and Brooklyn offering local analytics, personalized reports, and relevant insights. Chalk Digital is a dedicated digital advertising partner for BHHS Sales Executives with a FREE week of listing ads, shown to potential homebuyers within a 15-mile radius on social, premium mobile & desktop sites, and phone apps. Property Shark is a nationwide data provider of in-depth information on any US commercial and residential property. PropertyNest is a one-stop shop, from home services, and improvement needs, with tips and insights on how to improve a credit score, qualify for mortgage and more. Luxury Real Estate is recognized worldwide by industry leaders as the premier luxury home search site and magazine proving access to international estate and property listings.

BERKSHIRE HATHAWAY HOMESERVICES


WATERFRONT LUXURY LIVING

COAST TO COAST More than 24 pages of Waterfront Escapes

TECH THAT WORKS Just For the Fun of It

BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


AUCTION HOUSE CONNECTION Christie’s New York Introductory Bonus Program

As an exclusive client of The Meier Team at Berkshire Hathaway, your properties will receive direct marketing and coordination with the Christie’s New York network. With a network of over 3,000 art and antiquities sales associates, your property will be actively promoted to their private clientele of buyers and sellers. In this process, Christie’s art representatives will receive a substantial commission, a unique advantage not available through any other brokerage or group.

BROKER AGE COMMISSION

GROSS REVENUE

REPRESENTATIVE BONUS (2.75%)

WITH AN A F F I L I AT E B R O K E R AG E

US $150,000 ( A S S UM E 3 %)

U S $ 3 7, 5 0 0 ( A S S UM E 2 5%)

US $8,375

W ITH THE MEIER TE A M

N OT APPLIC A BLE

US $150,000 ( A S S UM E 3 %)

US $ 3 7, 5 0 0

Examples

CLIENT BU YS OR SELLS U S $ 5M H O M E

Doyle New York Berkshire Hathaway HomeServices New England, New York & Westchester Properties’ clients enjoy access to this premier New York City auction house. •

• •

Founded in 1963, Doyle New York is one of the

Committed to providing expert evaluations and

world’s foremost auctioneers and appraisers of

personalized services to meet the individual

fine art, jewelry, furniture, decorations and a variety of other categories. Holds approximately 40 sales each year that attract a broad base of buyers and consignors

needs of our clients. Sales Representatives from Doyle New York are available to assess the value of your more rare or precious personal items as a complimentary

from around the world. Has a professional reputation for achieving outstanding prices at auction for clients. Recognized for providing direct and comprehensive access to international markets

service, and take valuable items under consignment for auction. •

Under appropriate circumstances, Doyle New York offers a “Broomclean” service when the entire contents of a home are to be liquidated.

and maintains an ever-expanding network of regional representatives throughout the United

Doyle New York will consign the valuable property to auction, purchase the remaining

States including Arizona, Connecticut and Washington, D.C.

property outright, deliver the items of little or no commercial value to a thrift organization, and sweep the premises “Broomclean” to be ready for closing day.

BERKSHIRE HATHAWAY HOMESERVICES BERKSHIRE HATHAWAY HOMESERVICES


THE BOARD PACKAGE Are you tired of dealing with the stress and uncertainty of managing the application process for your potential buyers? Look no further! Our real estate team is here to offer you a stress-free and successful solution. We understand that as a seller, your time is valuable and you want the sale of your property to go smoothly. This is why we have developed a comprehensive and strategic approach to overseeing and executing the buyer’s board application package and process.

4. We understand the importance of timing in the NYC real estate market. That’s why we have a streamlined process in place to ensure that your

Here’s how our team can guarantee a successful and hassle-free experience for you and your buyers:

5. We keep you updated throughout the entire

1. We have a team of experienced professionals who are well-versed in the board application process and

communicate any updates or changes promptly.

are familiar with the requirements of different NYC buildings. This ensures that your buyer’s application is complete and free of any errors or omissions that may

We are dedicated to providing you and your buyers with a seamless and successful board application

buyer’s application is submitted to the board in a timely manner and that all necessary steps are taken to expedite the process.

process, so you are always in the loop. Our team will provide you with regular progress reports and

delay the process.

process. With our expertise and resources, we guarantee that your buyer’s application will be approved, and your property will close on time.

2. We work closely with your buyers to ensure that all necessary documents and information are gathered and organized in a timely manner. This not only speeds up the application process but also increases

Don’t let the board application process stand in the way of closing on your property. Let our team handle

the chances of approval by the board. 3. Our team is equipped with strong negotiation skills to effectively communicate with the building’s board or management on behalf of your buyers. We will

it for you and experience a stress-free and successful sale. Contact us today to learn more about how we can assist you in overseeing and executing the buyer’s board application package and process. We look forward to working with you!

address any concerns or issues that may arise and provide solutions to keep the process on track.

BERKSHIRE HATHAWAY HOMESERVICES BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


Private Placement Plan 227 West 17th Street Penthouse The below marketing plan outlines the activities Christie’s International Real Estate will undertake to promote the property. Marketing Service

Each property is unique and therefore our entire team helps to decide what will work best to benefit you and your home.

PRE-MARKETING PLAN

Photography: Your property will be photographed by a hand-selected private team. We only take photos on clear days and will reschedule if the conditions are not ideal. These professional photographs are multi-layered exposures that are back-end edited by a separate team of specialists. Our goal is to produce images fit for the cover page of a high-end design magazine, while staying true to the nature of the property. We will not use images that misrepresent the property or could mislead a possible buyer. We do not limit the number of photographs but also will not take more than necessary. We only use images that enhance the property; Sometimes we use five images while other times we use fifty. We use as many images as we have available that are high-quality and compliment the property. Video: Like our photography, we have a team of specialists that will help to create a video of your property. We use these videos to create property websites as well as in social media campaigns. We also use these videos to follow-up with potential buyers who have already seen the home. We find that videos are a valuable tool that allow these buyers to remember the home and plan their life inside the space after their visit. Our video team use drones, dollies, and lighting to capture the true essence of your property. This can mean that your home looks like a movie studio for a few hours, but we do this to ensure we can produce a bright and clear video. Much like with the photos, the length of the video will depend on the content we capture. Description: Our copywriter not only writes content that captures the imagination and creates desire in potential buyers, but they are also an expert in SEO and use terms that ensure our ads show up in online searches. Social Media Templates: We work with an outside firm that will create a social media plan for your home prior to it being released to the market. From templates, to placement and timing, the plan is to engage with the most amount of decision makers and connecters as possible. Postcards: In this step, we create a list of potential buyers. Our third-party platform designs these postcards and mails them once the images and copy are completed. The most important part of this step is to identify who will receive these marketing postcards.


Private Placement Plan

PRE-MARKETING PLAN CONTINUED

Brochures: While many firms have consistently overlooked this aspect over the last few years, we feel that brochures are still an important part of the campaign. A brochure is the takeaway piece of a potential buyer’s experience when visiting a property. While you can absolutely find this information online, we believe that a brochure is an anchor that connects the buyer with their visit. They will keep this as collateral, and it becomes a reminder of the home and the decision they will be making. We use a third-party designer and printer for our brochures and demand the highest quality paper and print available. Like Lamborghini and Ferrari – two companies who have utilized their business – our printers understand quality and what wealthy buyers respond to. Email campaigns: Our email campaigns are all done in-house using third-party software. Just like with any traditional mailing, the recipient list is as important as the marketing piece. We send “blasts” to both potential buyers and real estate brokers and track the percentage that open and respond to each separate campaign. Because this is done in-house, we can repeat or change the campaign as often as we see fit. In this step we will also design the first introductory email for release on the day the property goes live. We will also assemble several other eblasts for the overall campaign.

Marketing Service THE MEIER TEAM’S WHISPER CAMPAIGN

Before going to open market, we have a soft launch. This soft launch does two things; First, it gives the presale information to some active buyers and brokers. In some cases, a buyer may step forward with a substantial offer, attempting to prevent the home from going to the open market. Sometimes these offers are higher and/or have better terms then we could expect in the open market. Second, by testing out this offering in a limited launch, we can gather feedback and make any necessary changes before we release to the open market.

WHISPER CAMPAIGN

Eblasts: We send emails to a private list of buyers who we are currently working with at the time of release. We also email brokers who have been working to sell or market properties similar to ours in the past year. Call Campaign: We target and call brokers and buyers who are highly active in the market specific to your home. Social Media: We provide a sneak peak release on limited platforms, revealing a small amount of information about the property.


Private Placement Plan

THE RELEASE

Release Day is a big day. At this point, we will already have a list of potential buyers collected from the pre-release phase, but Release Day is the first time that the property will be made available market-wide.

WHAT HAPPENS TODAY

Websites: The property is released live on over 100 websites including all NYC based websites (Corcoran, Elliman, Compass, BHS, etc.), third-party website (Zillow, Streeteasy, Trulia, Realtor.com, etc), and other private syndications (WSJ.com, NYtimes.com, etc). Each ad will have the same style, brand, and overall look. This creates a singularity between them and, as most buyers look on multiple platforms, your property will repeatedly pop up in their search. Our team checks and tests online ads to make sure there are no mistakes or issues. Berkshire Hathaway Release: There are over 145 additional BH owned websites in over 59 different cities and countries. Every luxury market will have digital presses of your property in their market. Postcards: Thousands of postcards are mailed out on Release Day through our marketing partner. These postcards are sent to our private members as well as targeted individuals within the chosen demographic. Brokerage Release: We release the property’s campaign to all three brokerage’s back-end systems. There is no MLS in NYC so we make sure your listing is placed on OLR, Real Plus, and Perchwell. Social Media: Release Day is also the start of our social media campaigns. This includes paid and organic posts on Instagram and Facebook as well as additional marketing on LinkedIn and YouTube. Eblasts: We also release a New-to-Market email campaign and continually follow-up with email. All email is sent through our marketing system to help capture every potential buyer and also give feedback as to who is showing interest in the home. The Top 300: We create a list of the top 300 agents based upon their activity and production in the market associated with your home. We call these agents to advise them of the property and let them know it has been listed. These are brokers who are normally working with or talk to buyers in our demographic, and we want them to not only have your property’s information front and center, but also to have continual open communication with us.


Private Placement Plan

ON THE MARKET

Feedback: As an owner, you will receive ongoing feedback on a daily and weekly basis. Every Monday morning you will receive overall feedback including an analysis of traffic from the previous week. You will receive individual feedback after each showing sent to you via email or text by Brian or a team member. After the first month (if we have not already sold the property), we will have a meeting to discuss our placement in the market, the current feedback, and what changes we can implement to increase traffic, interest, and offers going forward. Buyer Follow-up: After each showing, we continually follow-up with buyers. Brian will email and text buyers who viewed the property and/or follow-up with their brokers. In addition, we have a third-party software system which contacts the buyer directly and asks for feedback. We find that sometimes direct feedback given to a third party is more open and honest than feedback given to Brian. Open Houses: Open houses are scheduled on a weekly basis. We prefer to schedule these five to seven days in advance as this allows more time for the market to see the advertisements and results in a larger turn out. We advertise on social media and all web platforms. In addition, we send out emails, eblasts, and postcards advertising these open houses. Web Exposure: As we continue to market the property on 104 different websites, inside our nine different auction houses, and throughout our 138 offices, we are routinely checking the ads making sure they are accurate. We also update them to ensure they are on the top of each list for every website; Many times, when an ad sits dormant on a website, it may fall to the bottom of the list, disappear completely, or become contaminated with misinformation. Constant Communication with The Market: Like the top 300 in which we call the initial brokers who work that market, we continue to call agents. However, now our focus is on agents with comparable listings. The goal is to get more of an up-to-date insight on what is going on in the market. We like to see how much traffic and how many offers the competition is receiving. We then compare that to what we have received and make sure they are comparable. In areas where we are falling behind, we find out what the competition is doing differently. Paid Placements: Throughout the marketing cycle, we advertise on 104 different websites. Many of these have paid enhancements. We carefully choose which enhancements to pay for and update them on both a weekly and monthly basis based on our findings.


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES


BERKSHIRE HATHAWAY HOMESERVICES



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