Penelope Moore Pitchbook

Ranked #55 Individual by Sales Volume in NY State 2021

In recognition of exceptional performance as demonstrated by ranking in the top 1.5% of all residential real estate sales professionals or teams in the United States out of a total of 1.6 million agents.

penelope moore

The honesty, integrity, dedication and professionalism Penelope Moore has exhibited throughout her nearly 30-year real estate career have earned her great success not only in both the residential and commercial markets, but in the loyal relationships she’s formed along the way. Always there to help her clients, Penelope boasts a well-deserved reputation for making the real estate process simple, successful and stress-free for every buyer and seller she serves.

Originally from Washington, D.C., Penelope first worked in the high-profile world of entertainment for over 10 years. After her role in public relations at the American Film Institute at the Kennedy Center, she was business manager at a noted talent agency in NYC where she negotiated contracts, and prior to that, interpreted the working code at Screen Actors Guild for actors and producers. This initial career move made complete sense, as her upbringing was steeped in fine arts. After all, Penelope’s grandfather was a National Living Treasure of Japan for woodblock printing, and her father was a screen writer who mentored under director John Ford as well as a writer/editor with NASA developing projects for the Apollo space program.

In 1989, Penelope redirected her artistic sensibilities and turned her deep love of buildings, design and architecture into a new career in commercial real estate running a successful midtown executive suite called Corporate Executive Offices. She also handled all facets of sales and marketing for Executive Systems International as executive director. She worked with The Lawrence Group, LLC and as a tenant broker, moved a wide variety of tenants ranging from creative companies to law firms into office and loft space from 65th Street to the Battery. As a Landlord’s Agent, she handled leasing for buildings in Soho and the Flatiron district.

Visiting Shelter Island for the first time in 1995, Penelope immediately fell in love with its simplicity and tranquility, and bought a house there. Two years later, she began selling residential real estate there, and after the events of 9/11 moved out East full time. She has since enjoyed status not only as Rookie of the Year, but as a top producer every year for her exceptional service and results. Penelope also handled two transactions that were each the highest sale on Shelter Island in its history.

Committed to her work, Penelope is a is a board member of the Hamptons and North Fork Realtors Association, New York State Association of Realtors, National Association of Realtors & Women’s Council of Realtors, Council of Residential Specialists, Hamptons and North Fork Real Estate Association, Asian Real Estate Association, National Association of Gay & Lesbian Real Estate Professionals, Long Island Board of Realtors. Penelope’s outside interests include old movies, architecture, interior design, boating, American history, collecting vintage dinnerware, old Shelter Island ephemera, raising four dogs, and appreciating the East End’s incredible natural beauty.

certifications & recognitions

Consistently Ranked Top Producer from 2002 to Present

Top 2% of NRT Agents Nationwide – Over 5 Years

Shelter Island’s First Certified EcoBroker

National Association of Realtors

Council of Residential Specialists (CRS)

Womens’ Council of Realtors (WCR)

Asian Real Estate Association of America (AREAA)

Certified Buyer Representative (CBR)

Certified Short Sales and Foreclosure Resource (SFR)

Certified Real Estate Agent (CREA)

Resort and Second Home Property Specialist (RSPS)

National Association of Gay & Lesbian Real Estate Professionals (NAGLREP)

WHY USE A CERTIFIED RESIDENTIAL SPECIALIST?

You’ve heard it many times. “The purchase of a home is one of the most important decisions you’ll make in your lifetime.” In today’s market, selling a home is equally important—getting the most out of what may be your greatest asset.

So whether buying or selling, you want a specialist—a residential specialist. Someone who understands the complexities of the housing market, how to best position your interests, and someone who will get to know you and what you want from the transaction. You want success. You want Penelope Moore, the only Certified Residential Specialist on Shelter Island.

CRS SUCCESS – Certified Residential Specialist (CRS) agents have proven record of success – 3X success, in fact. Compared to the average REALTOR®, CRS agents have been in the business nearly three times longer, have three times the number of annual transactions, generate three times the annual income, and nearly three times the amount of gross sales.

NO COINCIDENCE – There’s no coincidence when it comes to CRS success. CRS agents must meet stringent education and experience requirements. That’s why only 3% of REALTORS® are Certified Residential Specialists. CRS agents are dedicated professionals. They work to ensure success for their home-buying and selling clients by tapping into their superior training, exceptional professional referral network, and timely and cutting edge industry resources.

MAKE THE RIGHT CHOICE…CHOOSE SUCCESS – CRS agents made the right choice when deciding to become a Certified Residential Specialist. Now it’s your turn. Make your first home-buying or selling decision and work with Penelope Moore, a member of the Council of Certified Residential Specialists whose chosen focus is on Shelter Island real estate.

home buyers flock to shelter island

By Amy Gamerman - The Wall Street Journal

Manhattan interior designer Kevin Roberts owns a beach house in the Hamptons with his partner and husband, Timothy Haynes. But when he wants to get away from it all, Mr. O Roberts jumps on the ferry for a five-minute ride from the South Fork to Shelter Island, N.Y., where he owns not one, but two antique homes on Gardiners Creek.

“My house in the Hamptons is kept by 20 minions running around,” said Mr. Roberts, who often meets clients there. On Shelter Island, he reads, gardens and kayaks between his Dutch gambrel cottage and his 19th century farmhouse, on facing sides of the creek. “I like to mow the lawn myself,” he said. “It’s so private and old-fashioned, and it feels so authentic in every way.”

Shelter Island—an 8,000-acre island wedged between Long Island’s North and South Forks that can only be reached by ferry or private plane—draws a moneyed crowd in search of a more laid-back vibe, along with a rich history, good sailing, scant traffic and more attractively priced vacation homes than can be found in the nearby Hamptons.

“Last year, we sold $60 million in real estate on Shelter Island—that was a banner year,” said Penelope Moore, a real-estate agent with Saunders & Associates. “What we are hearing from buyers is that the Hamptons are great, but they are getting too congested—the people that come over here want to be in a quieter place.”

Shelter Island, whose core population of about 2,400 burgeons to 10,000 in season, has been a vacation destination since the 1870s, when a group of clergymen created a summer retreat of gingerbread cottages for Methodist camp meetings. A large hotel was built soon after: Sections of the golf course at the private Gardiner’s Bay Country Club date to 1896.

Many Shelter Islanders have deep roots there—some can trace their family history on the island back to the Colonial period—and are wary of overdevelop-

ment. Concerned by the prospect of a freewheeling Airbnb-style tourist culture, the island’s town board recently passed a measure to regulate short-term rentals, which prevents property owners from renting out their homes more than once in a two-week period.

“You never want to say no, but we also want Shelter Island to stay quiet,” said Craig Wood, Shelter Island town assessor.

The market for vacation homes has tightened, with sales prices that are now surpassing prerecession levels in some categories. “Under $1 million, I have very little to show,” said Catherine Debackere, an agent with Daniel Gale Sotheby’s International Realty. On the high end, she is showing a 5,400-square-foot home priced at $4.7 million; “If that house were in the Hamptons, it would be $6 million at least,” she said.

“It’s not precious, and people sort of want to keep it that way—thank God that ferry keeps people away,” said Mr. Roberts, who bought his first home—Creek Cottage, a Dutch gambrel built for the island’s first chaplain in the 1730s—for $1.25 million in 2014, according to public records. The cottage is set within the gates of Sylvester Manor, a 243-acre nonprofit educational farm with a 1737 Georgian manor house that has remained in the same family for 11 generations— and which had long fascinated Mr. Roberts.

Shortly after he bought the cottage, Mr. Roberts learned a picturesque 19th-century yellow farmhouse opposite the creek was for sale. “When it looked like someone was going to buy it and rip it down, I threw all caution to the winds and bought it.”

Mr. Roberts paid $1.6 million last year for the house, called the Homestead, records show. He has stabilized an original circa-1750 portion, put on a wood shake roof, and is in the process of installing a heating and cooling system—part of a continuing restoration. He said the cost far exceeds any reasonable return on his in-

vestment. “It has nothing to do with real-estate values— but a love for the island and an interest in preserving two historic properties,” said Mr. Roberts, who intends to bequeath both homes to Shelter Island when he dies.

Some rooms are being left in their faded glory—like the dining room with peacock wallpaper dating to 1907 and a centuries-old sideboard, which Mr. Roberts bought from Glorian Dorsey, the 83-year-old matriarch of the family who had owned the house since pre revolutionary times. “That wallpaper was given to Glorian Dorsey’s grandmother on her wedding day. It’s peeling off and I’ll never touch it,” said Mr. Roberts. An 3,000-acre island wedged between Long Island’s North and South Forks; Shelter Island only be reached by boat or private plane.

“I love what he’s doing—he’s made wonderful changes,” said Ms. Dorsey, who has become a close friend, staying in her old pink bedroom on visits from her home in Maryland. Ms. Dorsey doesn’t approve of other changes to the island—notably, Sunset Beach, the celebrity-friendly hotel and restaurant that Andre Balazs opened in 1997. “Shelter Island was not a fancy place, not until Andre Balazs ruined it,” Ms. Dorsey said. “The secret got out. There are a lot of people with too much money and not enough taste.” Mr. Balazs couldn’t be reached for comment.

Bill Persky, an Emmy-award winning producer, director writer whose credits include “The Dick Van Dyke Show,” “That Girl” and “Kate & Allie,” built a waterfront home on Shelter Island’s West Neck Bay 20 years ago after spotting the site from his boat.

Mr. Persky, 85, and his wife, Joanna Patton, spent close to $2 million to create their Shelter Island compound: a 2-acre property shaded by Norwegian spruce trees, with a 2,500-square-foot main house whose contours evoke a billowing sail, as well as a guesthouse and a pool.

“It’s not like the Hamptons where there are a thousand places to go—there’s one coffee shop and you see everybody there,” said Mr. Persky, who is more likely to be found at the annual firehouse barbecue than a bash at Sunset Beach. “There’s never any traffic—I don’t think we have a traffic light.” (Shelter Island has no traffic lights. “And in the winter they remove some of the ‘Stop’ signs,” Ms. Moore said.)

Stephen Harvey, an Egyptologist, and his partner, Perry Sayles, a designer, bought a 1788 Colonial farmhouse for $765,000 in 2014 after selling their home in Sagaponack. “It was `On Goldman Pond’,” said Mr.

Harvey, 51, of his former Hamptons neighborhood and its investment-banker denizens.

The couple spent another $410,000 on improvements. While digging a pool trench, they discovered a trove of artifacts: bits of shell-edged pearlware, a Native American grinding stone, a pitchfork and a broken champagne flute dating from about 1810. “There’s this layering, and the feeling of all these families who have come and gone,” Mr. Harvey said.

Other vestiges of Shelter Island’s past are disappearing. All but a few of the tiny fisherman’s shacks that once dotted Little Ram Island, a narrow peninsula, have been replaced by sprawling multimillion-dollar homes.

Nor is the island immune to Hamptons-style spats between neighbors. In Dering Harbor—a tiny village with a year-round population of 11, according to a 2016 U.S. Census Bureau estimate—village authorities have taken residents to court for planting hedges without permits.

Patrick Parcells, who is selling his 5,000-square-foot home in Dering Harbor Village for $5.675 million, ran an unsuccessful 2014 campaign for mayor of Dering Harbor against the incumbent Tim Hogue—currently serving his 13th two-year term. More recently, he has challenged the eligibility of some voters in village elections—notably, out-of-state adult offspring of vacation-home owners.

“I love the village and I’m going to continue to live in it, but the people who run the village have been running it for 30 years,” said Mr. Parcells, a 66-year-old retired banker. “The mayor in particular is very litigious.”

Mr. Hogue defended his role in hedge-gate. “You need to apply for a permit for a hedge, which is considered a fence,” he said.

Mr. Parcells said his six-bedroom house is too big for his family now that his son is in college. The home and its 7.6 acres are part of a 19-acre property that Mr. Parcells purchased for $2 million in 2001; once an arboretum, it features an allee of weeping beech trees, a 19th-century barn and a restored glass conservatory. Buyers have the option to acquire additional acreage and a deep-water dock.

Mr. Parcells, who is reserving 3 acres for a smaller home, said his political opponents are still good neighbors. “We play golf,” he said. “We don’t agree about everything, but we’re able to get along.”

Penelope Moore was Ranked in the Top 30% of Real Estate Professionals in New York State

by The Wall Street Journal, Real Trends 2021

“The best individual agents are nothing short of phenomenal considering the challenges in today’s complex housing market,” said Steve Murray, founder of REAL Trends, a Denver-based consulting, publishing and communications company and “The Trusted Source” that compiles the yearly, third-party verified list.

“Being a member of The Thousand is an incredible achievement in today’s increasingly competitive environment. This elite group of sales associates is comprised of proven professionals who bring together innovative marketing solutions that combine cutting-edge technology with best-in-class customer service to consistently exceed their clients’ expectations.

Success put them in the top 1 percent of more than 1.25 million REALTORS® nationwide,” said Luke Bahrenburg, vice president of real estate advertising at Dow Jones, publisher of The Wall Street Journal.

office at 9 grand avenue

shelter island heights

Since I joined Saunders & Associates in the Spring of 2013, my business has grown significantly. To expand my white-glove real estate services in a private setting to buyers, sellers, landlords and tenants, I moved my office to 9 Grand Avenue.

Once the home of the first Shelter Island telephone switchboard and the Shelter Island Reporter, 9 Grand Avenue, located directly across from the Heights Post Office and Shelter Island Hardware has been the hub of island news for generations.

I am grateful for the support of my clients and customers, and am excited to continue newsworthy traditions in this historic Heights location.

marketing your property

It is our philosophy that it is not one particular avenue that will sell your property, but one possibility of many avenues. We offer a range of marketing services for our exclusive clientele signed to a standard 6% one-year agreement

• Co-brokerage throughout the East End through – East End Listing Exchange (EELE), and throughout 62 counties in New York State through multiple listing service (NYS-MLS)

• Title Report through New York Title Abstract Services Inc.

• Brochure of your property printed in magazine style on heavy grade paper featuring photos, historic information, floor plans and color coded surveys

• Professional photographs of the interior and exterior of your property

• Aerial photography shot during Spring-Summer-Autumn

• A dedicated website with your property address, directed to our website

• Syndication throughout the internet of your property via real estate portals – HamptonsRealEstate.com, OutEast.com, LuxuryRealEstate. com, Trulia com, Zillow.com, WallStreetJournal.com, WarburgRealty.com, PenelopeMooreRealEstate.com and ShelterIslandRealEstate.com

• Social Media Sites: Facebook, Instagram, Pinterest, Twitter, Penelope Moore Selling Shelter Island Facebook

• Introduction to the marketplace through an e-blast to our list of contacts throughout the Hamptons, Manhattan and Palm Beach

• Rotating advertising in East End publications, including Southampton Press, East Hampton Star, and the Shelter Island Reporter

my commitment to you

Providing the most comprehensive services which include the following:

• A thorough market analysis of your property including “Active” listings, “Sold” listings which are comparable and how your property will fit into today’s real estate market

• A collaborative team relationship which will remain as such through the term of the listing agreement and beyond

• Complete confidentiality in our discussions

• Guidance on how to enhance your property for sale after you become a client - Including staging, de-personalizing rooms, working with vendors to certify, renovate or perform repairs

• A full-color magazine style property brochure with all pertinent facts about your home

• Ongoing communication, and prompt replies to your phone calls and emails

• Disclosure of all offers on your home up to the closing day

• Professional, diligent efforts to obtain the highest and best price for your property

• Feedback regarding all showings

• A broker open house held at your convenience

• Negotiating on your behalf and in your best interest

• Complete transaction coordination and attention to detail through to closing

Shelter Island Market Report

How Brokers Work Together

By Penelope Moore

Licensed Associate Real Estate Broker

One of the questions both sellers and buyers often ask is: how do real estate brokers work together to sell properties? The process on the East End of Long Island, and even more so on Shelter Island, is different from other areas in New York State and indeed throughout the country.

One of the questions both sellers and buyers often ask is: how do real estate brokers work together to sell properties? The process on the East End of Long Island, and even more so on Shelter Island, is different from other areas in New York State and indeed throughout the country.

In New York State, most properties listed for sale are offered on an exclusive basis, where one agent at a brokerage works with a seller on marketing strategies, presents the nuances of a property to other brokers, and among other duties, negotiates offers and guides the post-accepted offer process to closing.

In New York State, most properties listed for sale are offered on an exclusive basis, where one agent at a brokerage works with a seller on marketing strategies, presents the nuances of a property to other brokers, and among other duties, negotiates offers and guides the post-accepted offer process to closing.

On the East End, there are several types of listings that are unusual in the industry:

On the East End, there are several types of listings that are unusual in the industry:

• “Co-Exclusives,” which came on the scene in the late 1990s, are a result of sellers not being able to decide on a broker with whom to list. These are listings that have two different agents from two different brokerages marketing and negotiating offers for one seller. In a perfect world, this approach would work, however more often than not, agents being individuals with their own methodology and recipe for success, do not work the same way. Frequently either one agent winds up taking the lead or the agents communicate different strategies that can sometimes confuse the seller.

• "Co-Exclusives,” which came on the scene in the late 1990s, are a result of sellers not being able to decide on a broker with whom to list. These are listings that have two different agents from two different brokerages marketing and negotiating offers for one seller. In a perfect world, this approach would work, however more often than not, agents being individuals with their own methodology and recipe for success, do not work the same way. Frequently either one agent winds up taking the lead or the agents communicate different strategies that can sometimes confuse the seller.

• “Open Listings” are those given to every agency on a non-exclusive basis. Most sellers who choose this route believe that every broker will get a fair chance at achieving the sale. Many agencies will focus on the listing, when the property criteria matches the requirement of a customer they are working with.

• "Open Listings" are those given to every agency on a non-exclusive basis. Most sellers who choose this route believe that every broker will get a fair chance at achieving the sale. Many agencies will focus on the listing, when the property criteria matches the requirement of a customer they are working with.

Cooperating Brokerage:

Cooperating Brokerage:

“Co-Brokes” are exclusive listings that are shared by the listing agency with other brokers to show and sell. The listing agent works with “cooperating brokers” to help him or her sell the property to the cooperating brokers’ customers.

"Co-Brokes" are exclusive listings that are shared by the listing agency with other brokers to show and sell. The listing agent works with "cooperating brokers" to help him or her sell the property to the cooperating brokers' customers.

On the South Fork and Shelter Island, HamptonsRE.com and East End Listing Exchange is the predominant multiple listing service most agencies use to share their exclusive listings with over 40 real estate agencies. The agencies subscribing to this system do not necessarily need to be members of the

On the South Fork and Shelter Island, the OREX or Open Real Estate Exchange is the predominant multiple listing service or “MLS” that most agencies use to

National Association of Realtors, a trade association--members of which are called “Realtors.” Through EELE, information is also shared to other non-EELE agencies so that the latter may send updated information to their customers.

share their exclusive listings with over 40 real estate agencies. The agencies subscribing to this system do not necessarily need to be members of the National Association of Realtors, a trade association--members of which are called "Realtors." Through OREX, information is also shared to other non-OREX agencies so that the latter may send updated information to their customers.

On the North Fork and west of the Shinnecock Canal, the Long Island Board of Realtors is the predominant multiple listing service or “MLS-LI.” As with EELE, the listing is shared so that other brokers may introduce a property to their customers. Agencies subscribing to this service are required to be members of the National Association of Realtors and information is not shared with other agencies who are not a part of the Long Island Board of Realtors.

On the North Fork and west of the Shinnecock Canal, the Long Island Board of Realtors is the predominant multiple listing service or “MLS”. As with OREX, the listing is shared so that other brokers may introduce a property to their customers. Agencies subscribing to this service are required to be members of the National Association of Realtors and information is not shared with other agencies who are not a part of the Long Island Board of Realtors.

Prior to an automated multiple listing service on the East End, exclusives were shared via “co-broke agreements,” which were then physically handed to agents who attended a broker’s open house for their exclusive listing.

Prior to an automated multiple listing service on the East End, exclusives were shared via "co-broke agreements," which were then physically handed to agents who attended a broker's open house for their exclusive listing.

On Shelter Island, agencies share listings in a variety of methods: Two agencies provide each agent with their own access to EELE multiple listing service. Another agency is on Long Island’s MLS-LI and has one user on EELE to update listings. The balance of Shelter Island agencies share their exclusives the oldfashioned way. Saunders & Associates is on EELE, NY State MLS.

On Shelter Island, agencies share listings in a variety of methods: Two agencies provide each agent with their own access to OREX multiple listing service. Another agency is on Long Island’s MLS and has one user on OREX to update listings. The balance of Shelter Island agencies share their exclusives the old-fashioned way. Saunders & Associates is on OREX, NY State MLS and a member of the Long Island Board of Realtors.

With so many methods, it is incumbent on a real estate agent to stay in touch with those agencies that do not work electronically for price updates and modifications to the listing. For listing brokers who are not a part of a multiple listing service, it is equally important to keep others in the loop with their exclusives.

With so many methods, it is incumbent on a real estate agent to stay in touch with those agencies that do not work electronically for price updates and modifications to the listing. For listing brokers who are not a part of a multiple listing service, it is equally important to keep others in the loop with their exclusives.

The majority of real estate agencies on Shelter Island are not members of the National Association of Realtors, but work under the laws of New York State, as all NY real estate agents and brokers do.

The majority of real estate agencies on Shelter Island are not members of the National Association of Realtors, but work under the laws of New York State, as all NY real estate agents and brokers do.

To the seller, sharing listings with other real estate agencies is crucial for the exposure and sale of the property. To the buyer, having up-to-date information is important for use of time and knowledge of the market.

To the seller, sharing listings with other real estate agencies is crucial for the exposure and sale of the property. To the buyer, having up-to-date information is important for use of time and knowledge of the market.

When real estate brokers work together “in harmony” it’s a “win-win” situation for everyone.

When real estate brokers work together “in harmony” it's a "win-win" situation for everyone.

Shelter Island Market Report

June 2 nd 2016

Zoning on Shelter Island

By Penelope Moore Licensed Associate Real Estate Broker

Memorial Day weekend started off with a bang, with warm summerlike temperatures and crowds at our island beaches and restaurants. On the real estate front, last minute customers shopped online, booked and moved into their rentals, and Friday through Sunday in between barbecues and leisure time, customers toured homes to purchase.

In the backdrop of summer fun, the Town of Shelter Island conducted its usual business. Zoning, while seemingly a boring topic, is important to all property owners and is rarely given the focus it deserves. Zoning falls under “police power," the right of the government to make laws that surround safety, health, welfare and morals and affect a variety of laws including land use, fire and building codes.

This week at the Town Board meeting, new Council members Jim Colligan and Mary Dudley re-introduced a zoning and building code concept called “Proportionality” that would limit development of new homes and expansion of existing homes, particularly in areas close to the water.

Currently, the total square footage of a home only factors finished or livable areas. In the proposed concept, according to Dudley, the total square footage “would be a little more embracing” to include unheated and unfinished areas to “avoid possible loopholes” or future finishing by homeowners who might not notify the Town. On one inland acre or 43,560 square feet, a property owner could develop a total of 11% or 4791 square feet including basement, garage, attic and porches, a reduction of approximately 14% currently allowed for finished space. Many homes that are currently standing on less than an acre, in the new regulation could not be built.

Colligan responded to a speaker from the audience who opposes the proposed regulation, “that’s your point of view and I have mine. If you

have a point of view, then you run for office…this is about what’s fair and right, not about the almighty dollar.”

With a direct correlation between property values and the ability to develop or expand, the Town placing sweeping limits would surely have a negative effect on real estate values, particularly on waterfront properties and those near the water.

There are many evolving issues that are worthy of open discussion, including property owners’ rights surrounding demolition of historic buildings and the ability to rent on a nightly or short term basis without a Town or Health Department permit. Shelter Island has historically had some of the lowest property taxes on the East End, with a fiscally responsible government and zoning that has widely been considered “fair and right." While the notion of the almighty dollar may elude some, there are many instances where real estate is the greatest asset one owns, and the ability to sell it at the highest price possible is crucial to the future welfare of a property owner and their family.

The Shelter Island Town Board meetings are available online at: townhallstreams.com/locations/shelter-island-ny

Building Inspector Bill Banks retires this month. Dedicated to his work and a fountain of knowledge, he will be greatly missed.

Where island tranquility is concerned, we are so incredibly blessed to be surrounded by nature. This week many turtles were assisted across our roads by passersby, however many were injured or did not make it at all. While enjoying our sights and sounds, please slow down and take a moment to consider local wildlife, which as a client said yesterday, “are Shelter Islanders, too.”

in-house marketing department

The Saunders marketing mandate is to continually conceive and launch new, responsive ways to connect with qualified buyers for Hamptons properties around the corner and around the world.

Steve Glick, the firm’s Senior Vice President of Advertising & Marketing, has been leading the Saunders marketing team for the past 13 years. He is continually improving the innovative and effective advertising, marketing, and technology systems that empowers our agents and stimulates sales. Steve is among the most respected luxury real estate marketing professionals in the industry.

The firm has created an in-house creative studio that is staffed with full-time photographers and videographers, graphic designers, a senior graphic designer, web designers, social media experts, IT support, and a copywriter. The creative team helps our agents grow their business and craft promotional pieces that set them apart. Our top-notch administrative support staff is invested and engaged in the concierge culture of the firm. All deal-related paperwork, such as exclusive agreements, leases, and commission bills are prepared by the administrative team, thus freeing agents to do what they do best: to list and to sell properties.

In addition to our award-winning in-house marketing team, we also work with top branding and public relations firms to help develop messages that enhance the effectiveness of our endeavors and broaden our reach.

EAST END BUYER ESTIMATED CLOSING COSTS

PURCHASE PRICE (estimated)$ 1,500,000

TOTAL ESTIMATED ADDITIONAL COSTS with financing $ 84,000 | TOTAL ESTIMATED ADDITIONAL COSTS with no financing $ 64,000

TOTAL ESTIMATED DUE IN CONNECTION WITH PURCHASE (with financing) $ 1,584,000

TOTAL ESTIMATED DUE IN CONNECTION WITH PURCHASE (with no financing) $ 1,564,000

* These charges depend on the actual cost or on the complexity of the transaction and price, and on the fees established by your professionals

** Peconic Tax is 2% of Sale Price less exempt amount. For improved property exemption is: $250,000 for EH, SH, Shelter Island and $150,000 for Riverhead and Shelter Island

No Peconic tax if the person and property meet First Time Homebuyer guidelines: https://hcr.ny.gov/system/files/documents/2021/06/lirincomepplimits6.11.21.pdf

***Mansion Tax only charged on purchases of improved residential property of $1M or more. This information is provided as a courtesy and is of a general nature. It is not intended to be, nor is it legal advice. Please consult your lawyer for specific application. 5/10/2022

internet exposure

One of our strongest assets, HamptonsRealEstate.com, is a cinematic, user-friendly, internationally promoted, luxury-minded website. Over 90% of buyers and renters of Hamptons properties start their search for real estate online, and our site is consistently optimized to rank highly on all search engines.

The site has been designed to provide an immersive experience for luxury buyers and renters. Cinematic video and compelling property photography immediately engage viewers to explore all types of homes for sale and rent, in addition to discovering the best aspects of the surrounding neighborhood. We recently re-imagined, re-engineered, and re-designed our site to further reach and engage users with our brand promise, to provide a higher form of realty for sellers, buyers and agents. With 60% of our customers visiting our site on mobile devices, we made sure their experience is as easy to use and visually impactful as the desktop version.

“Hamptons Real Estate” is the #1 and most dominant search phrase for real estate in the Hamptons on Google. Because our website URL (HamptonsRealEstate.com) matches this popular search phrase word for word, Saunders’ website ranks high on searches for Hamptons property. In addition, our listings are syndicated on many domestic and international real estate websites.

We are also the most prolific owner of street and place name URLs in the Hamptons. We own over 2,000 such names and property addresses and use them to optimize our online web strategies and provide a better user experience for buyers seeking property details.

east end focused

Saunders & Associates is 100% locally owned and operated, the largest locally owned real estate firm in the Hamptons. We are a proudly independent company, with no reliance on outside funding. We own all four of our state-of-the-art offices, our management team is local and we hire local talent.

Our cinematic website is entirely focused on the East End, with a genuine hometown feeling. Led by highly experienced management, our agents and staff provide a boutique, client-minded approach and have unparalleled connections to every aspect of our community.

Saunders & Associates is active in our local community and sponsors many community events, such as the Southampton Cultural Center’s series of outdoor summer Concerts in the Park at Agawam Park, outdoor concerts at the Westhampton Beach gazebo, Family Day at the Children’s Museum of the East End (CMEE), Bridgehampton Library’s Live at Five series of talks by noted authors, and the East Hampton Library’s Authors Night event. On Shelter Island, we are proud to sponsor events for East End Hospice, The Shelter Island Historical Society, Sylvester Manor, The Shelter Island Bucks basketball team, The Shelter Island 10K and 5K, among others.

in-house intelligence

Another way we empower our agents to create and enable deals is by providing analysis services that review sales histories, permit requirements, and zoning regulations. Through our affiliated title business, New York Title Abstract Service s, we run title on each Saunders exclusive listing as soon as we are engaged by the client. This provides an important level of clarity about the property from the outset and is impactful in expediently moving an accepted offer to contract signing. We understand that clarity is paramount for a smooth transaction.

Theresa Quigley, Esq. is our Executive Managing Director and General Counsel. She has been a practicing attorney for over 30 years in NYC and the Hamptons. Theresa directly assists our agents with zoning analysis, structuring transactions, and negotiating deals. She interfaces with local government officials, surveyors, title companies, environmental engineers, house inspectors, and lenders in an effort to move our transactions forward.

Theresa was Deputy Supervisor for East Hampton Town from 2010 through 2013 and worked for 15 years at the firm Farrell Fritz resolving real estate, tax, estate planning, corporate, and environmental issues.

affiliated title provider

New York Title Abstract Services, Inc. is a title insurance services company dedicated to promptly delivering fully compliant and accurate reports and title insurance for residential and commercial real estate throughout New York State. Headquartered in the Hamptons, our professional team has extensive real estate experience and understands the business from all sides including title insurance, legal, sales, governmental, banking, and lending regulations. We use the title company’s services to get clarity regarding our listings and to move deals expediently to contract signing.

For more information, visit: NewYorkTitle.com

the saunders - fortune hamptons / miami alliance

Synonymous with excellence, quality, customer service, and unwavering commitment to the highest standards of luxury, Fortune International Group has been a recognized leader in development, sales, and marketing since 1983. With over 7,000 units and 9 million square feet of projects delivered, the company’s prestigious development portfolio includes many of the most prominent residential properties in South Florida including The Ritz-Carlton Residences Pompano Beach, Nexo Residences, Jade Signature, The Ritz-Carlton Residences, Sunny Isles Beach, Auberge Beach Residences and Spa Fort Lauderdale, Jade Residences Brickell, Jade Beach, Jade Ocean, and Hyde Resort & Residences Hollywood.

Fortune Development Sales is the premier, exclusive on-site sales and marketing representative for third-party development projects in South Florida, having sold more than 25,000 units and currently representing some of South Florida’s most successful projects such as: Cipriani Residences, Missoni Baia, Una Residences, 2000 Ocean, 57 Ocean, Monaco Yacht Club & Residences, Okan Tower, One Park Tower, and Casa Bella Residences, among others.

Fortune brokers are incentivized to expose Saunders properties for sale and rent to their clients. Our collaborative relationship involves dynamic exposure of our listings in each other’s respective markets.

the marketing leader

in hamptons real estate

Making Virtual A Reality

digital media

Video is an important tool used by Saunders in marketing our listings, advancing our brand, and promoting our agents. We create and produce in house video content for our website, our agents’ websites, and our social media platforms.

Our video is unique to our company and a compelling way to present the properties we list and the agents who market them, as well as offering insight into the beauty of the Hamptons and the distinctive lifestyle here. We have a full-time on staff videographer, the only one in our industry, with an extensive background in live television remote video. The focus of our video content is to create 1-minute videos showcasing the properties we represent using drone and traditional video footage. We produce video tours of properties and home interiors that take potential buyers on site and inside houses of interest to them.

email marketing

Our robust email marketing efforts further extend the reach of our brand. We have added text message marketing to our email campaigns, and use daily text messaging technology to promote new listings and open houses. We create a weekly dedicated blog, Happening in the Hamptons, about events of interest happening locally, which we publish in a weekly email blast and post on our website.

editorial coverage

Saunders will write a comprehensive press release on unique properties to highlight the unique qualities and special features. Submission will be sent to the following:

NEWSPAPERS

Southampton Press

East Hampton Press

Sag Harbor Express

Wall Street Journal

East Hampton Star

James Lane Post

New York Times

New York Post

Newsday

MAGAZINES

Hamptons Real Estate Showcase

Hamptons Cottages & Gardens

Hamptons Life

Hamptons

Social Life Spotlight

The Daily Purist

Quest

REAL ESTATE BLOGS

HappeningInTheHamptons.com

BehindTheHedges.com

JamesLanePost.com

NewYorkPost.com

TheRealDeal.com

Hamptons.com

27East.com

Patch.com

Dirt.com