Bridgehampton, NY

Sandcastle Estate In Bridgehampton NY - What $25,000 A Day Gets You

So, how many want to chip in and have an awesome Summer? Sorry, it's been taken:

Sandcastle Estate

And people think $2000.00 a month for rent of a whole house on Long Island is expensive. This is just for 2 weeks!

Enjoy the views!

Bridgehampton is located in the heart of the Hamptons and is a hamlet on the South Fork of Suffolk County Long Island.

To reach Bridgehampton you can take the Long Island Expressway to Montauk Highway East, luxury bus motor coach, or the Long Island Railroad. It's approximately 100 miles to New York City. Bridgehampton is home to the Hampton Classics, which is a popular equestrian event, the Antique Car Road Rally, Mercedes-Benz Polo Match, and the Chamber Music Festival. This is luxury living in Bridgehampton, and is it closeby to upscale shopping and fine restaurants, and the towns of Southampton, East Hampton, and Sag Harbor. Bridgehampton has so much to offer including the beaches, sailing, and fishing off Bridge Lane or Sagg Pond. Students who live in this community can attend the Bridgehampton School District #9. Bridgehampton is home to the Beebe Windmill and the Founders' Monument which is situated in the middle of Montauk Highway and commemorates the history of Bridgehampton. According to the multiple listing service, in 2008 a traditional home that was built in 1989 with over 3 acres of property sold in Bridgehampton LI for $2,150,000.

LARRY AND SHEILA Realtors with Charles Rutenberg Realty can sell you a luxury residence in Bridgehammpton, or any other community on the North Shore of Long Island. Call us at 631-805-4400 and ask your friends and neighbors about Larry & Sheila. If you are relocating to Long Island, we are Certified Relocation Specialists!

http://www.suffolkexperts.com

We are not affiliated with this community, but are independent Licensed Realtors.

All content, including text, and photographs is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission of Larry & Sheila. All information is believed to be accurate but is not guaranteed.

I think that 25% referral fees between agents is too high.

Sure, during the hey-day when you took 'em out, showed 'em a few houses or took the listing and waited for it to sell and went to the closing, no one complained. I have always had an issue with a 25% referral fee and have made it my own policy to only ask for 20%, as an incentive to the agent I was referring to. After all, if you have two referrals, one at 25% and one at 20%, what does human nature lead many to do?

Another thing that lead me to believe that 25% is too high, has been all the out of market agents who had put websites together, fishing for "Hamptons" buyers and sellers - JUST so they could capture them and turn them around and refer them to a Hamptons Agent. With an average sales price of $1,500,000, that turns into a referral fee of $11,250 JUST for passing on a name - no thanks...

Now, with business being more challenging and both buyers and sellers requiring more time and effort (and expertise) to put a deal together, I am going to be requesting a 10% referral fee. As an Exclusive Buyers Broker, the clients who have listed with me over the years are going to get assistance in finding the absolute best fitting listing agent for their properties, and I want that agent to be motivated to do a bang-up job for them - 10% is fair.

In addition, I always tell my referral clients that I am getting a fee for referring them - it's part of transparency and full disclosure, folks. There have been a number of times where buyers or sellers (in the days I was a listing agent) were never told by the agent who referred them to me that they would be getting a referral fee. They JUST made it out like they were doing their relative, friend, etc a favor.

Let's be open, honest and generous with each other.

What do you think?

Michael Daly

True North Realty Associates

www.beachamptons.com

After 10 years as a traditional broker, I have decided to work exclusively with buyers, here in the Hamptons, the North Fork and on Shelter Island. I will also assist buyers in identifying top notch agents in other markets worldwide.

In todays business environment, it has become clear how important it is to be represented in any major negotiation and to have someone working for you who will give you the facts needed to make the best decision. I have watched the "dissatisfaction-creep" of buyers who know, at least on some level, that they are not being represented by their seller agent.

Well, now is the time for transparency, openness and equal representation for both buyers and sellers in real estate - often the biggest purchase and sale most people will make in their lifetimes.

Please contact us if we can be of service to any of your friends, family or clients. It will be our pleasure to serve them.

See more about Buyers brokerage at the Hamptons Real Estate Blog - www.beachamptons.com

Best regards,
Michael Daly

631 725 0554 - office
631 525 6000 - mobile
michael.daly@mfdaly.com
www.beachamptons.com