Celebrity real estate agent Ryan Serhant has revealed the wildest requests he’s received from his “rich and famous” clients, including finding homes where they could live with their pet kangaroos and pythons.
Isaac Newton famously said, “what goes up must come down.”
According to famous real estate icon Ryan Serhant, Newton’s law of gravity applies equally to the real estate market.
Serhant, who runs Netflix’s new New York-based real estate show “Owning Manhattan,” addressed the current market issues in an interview with Fox News Digital, explaining the ebbs and flows of the challenging real estate landscape and revealing the one thing people looking to buy real estate do wrong.
“Housing is defined by three things and three things only: supply, demand and interest rates. So when there’s a rapid rise in interest rates, everyone’s going to say the housing market is over. And when there’s a rapid fall in interest rates, everyone’s going to call it a boom. Markets go up and down,” he explained.
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“I’m biased, but the number one mistake most clients make is not hiring an experienced real estate agent,” Serhant revealed at the blue carpet event for her new show, which is streaming now.
Ryan Serhant on the blue carpet for the premiere of his new Netflix show, ‘Owning Manhattan.’ (Antoine Debrill/Fox News)
“You wouldn’t do surgery on yourself. You wouldn’t represent yourself in court, right? So go to a professional. They’re there for a reason,” the real estate expert urged. “It’s all about price at the end of the day, so hire someone who wakes up and breathes real estate. Don’t try to save a dollar, because you’ll cut off your nose to mess up your face every time.”
“People need a place to live and we are here to help them find it,” he added.
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Real estate legend Ryan Serhant pictured alongside the cast of his new Netflix show, ‘Owning Manhattan.’ (Jason Malihan/Fox News)
Serhant spoke to Fox News Digital about why he thinks “owning Manhattan” is especially “relatable” for interested homebuyers amid the current market uncertainty.
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“I think it’s an aspirational show. It’s not just about houses that are 0.01% off. It shows that, but it shows everything. We show real estate in all price ranges and we show the ups and downs of entrepreneurship,” he explained.
“The cast of agents that work with me on the show… follows about 12 of them. Half of them are veterans. They’ve been in the business and are trying to maintain their position. The other half are new,” he continued. “If you want to sell real estate in your city, you sign up with no salary or benefits, and you sign up for a business where more than 85% of the people who come in quit in the first year. There is a turnover because it is incredibly, incredibly difficult. So that you’ll be able to see it in a way that you don’t see on ‘Selling Sunset’ or on the shopping shows, or even on ‘Million Dollar Listing,’ which I think is exciting for people. “You’ll be able to identify with this one more.”
Serhant founder, broker and ‘Million Dollar Listing’ star Ryan Serhant talks about the state of housing, which local markets are booming and the importance of branding for ‘better deals.’
“I think the American dream of homeownership hasn’t changed; I think the dreams have changed.”
Despite average mortgage interest rates hovering around 7% in a landscape where home prices in New York City cost roughly $785,000 on average, Serhant told Fox News Digital that he believes the American dream of homeownership has not changed.
If anything, he explained, it has only “gotten bigger.”
“I think the American dream of homeownership hasn’t changed; I think the Dreams “Things have changed. I think people have different kinds of dreams now. They have multiple dreams. They’re not just thinking about their main house with a fence for their kids. Now they’re dreaming about, you know what? Maybe I’ll rent, because I want to have a second home in New York City.
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As to whether Serhant fans will ever get to see “Rent “Manhattan,” they told Fox News Digital, “maybe on YouTube.”
Celebrity real estate agent Ryan Serhant, who previously appeared on Bravo’s “Million Dollar Listing New York,” shared details about his new reality show “Owning Manhattan.”
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