Abby Palanca joins Shane and Alex to share her childhood memories of going to the Hamptons for summer vacations and how the area has changed over the years.

We the dive in to discuss her current weekend getaway in Millstone, New Jersey, where she and her family have a house on 11 acres of land. Abby talks about the rural and quiet nature of the property and her plans for it to be a multi-generational house for her children and their families.

She also shares a fun story about clients who had grand plans for a property upstate but encountered various challenges along the way. In this conversation, Abby discusses the concept of privacy in paradise and the importance of having a place to escape and create memories.

Abby also talks about the shift in second home purchases during COVID-19 and how people are still buying second homes outside of the city for a better work-life balance. Along with discussing some of the ever changing neighborhoods, such as Red Hook in Brooklyn, where Airstreams have been turned into food trucks and art galleries.

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In this episode, Shane and Alex discuss the recent NAR settlements and how they will impact the real estate industry. They clarify that NAR's rules previously required a commission to be paid when using a licensed realtor, but the actual amount was not set. They express their opinions on the settlements and the potential changes they will bring. They also discuss the low barrier to entry in the real estate industry and the need for further testing and education. They highlight the importance of building a strong personal brand and utilizing social media to connect with clients. Overall, they are excited about the settlements and see them as an opportunity to grab market share.

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This week Shane and Alex meet with JB Andreassi, a native of the Hamptons, to discusses his experience growing up in the area and the different towns within the Hamptons. He talks about each town's unique culture and characteristics, from Southampton and East Hampton being popular with celebrities to Sag Harbor's boating and whaling community.

JB also dives into the seasonal nature of the Hamptons, with businesses and restaurants being busiest during the summer months. Comparing the Hamptons to other coastal areas, such as Long Beach Island and Wilmington, and discussing the unique local real estate market. In this conversation, JB discusses the real estate industry in the Hamptons and the shift in buying patterns. He mentions that historically, the busy time for sales is in the back half of Q1, with people wanting to buy or go into contract by March. However, there has been a shift in recent years, with more people looking to purchase in Q4 of the calendar year.

We also talk about the emergence of newer brokerages in the Hamptons and the challenges they face in a market dominated by big brand names. He shares his experience with Compass Real Estate and the benefits of being part of a larger firm. The conversation concludes with a discussion about ideal weekend getaways, with JB expressing his preference for Portugal and the opportunity to build a modern house on the cliffs overlooking the water.

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