Daily Price Cuts August 24th
Daily Price Drops For Apartment Sales
August 24, 2009 · Leave a Comment
Categories: Price Cuts · Uncategorized
Celebrity and Alpha Human Real Estate Deals
August 24, 2009 · Leave a Comment
Manhattan’s most notable real estate news courtesy of Cityfile.
Real Houswives star Jill Zarin and her husband, Bobby, put their apartment on the market just six weeks ago. But they’ve already been forced to drop prices. The three-bedroom condo at 401 East 60th Street, which the Zarins put up for sale for $3.2 million in July, is now $2.995 million. [Cityfile, PDE]
• Former Treasury Secretary W. Michael Blumenthal and his wife, Barbara, have purchased an apartment at 1095 Park Avenue. The couple, who sold their former home at 550 Park Avenue to socialite Phyllis Mack in January 2008, paid $5.6 million for the two-bedroom apartment. [Cityfile]
• Fortress Investment Group co-founder Randal Nardone has dropped the price of his 4,456-square-foot condo at 240 Riverside Boulevard, six months after putting it on the market for $11.75 million. The former billionaire, who picked up a massive apartment at 101 Warren Street last November for $22 million, has listed his former pad for $10.95 million. [Cityfile, Corcoran]
Categories: Uncategorized
Home Sellers May Become Reluctant Landlords
August 24, 2009 · Leave a Comment
NY 1 August 24th 2009
If you would prefer to sell your home but are not getting the price you need maybe you will turn to renting your home. These are some of the important responsibilities and pitfalls you will need to know.
1. You must list the price at market or slightly lower. The high level of inventory give’s renters the advantage. To succed in renting your home it must be priced as a good deal.
2. Do your homework before accepting a tenant-you must screen the applicant. Verify who they are, their financial and work background. Credit, criminal and personal checks are necessary.
3. You must let the tenant know that you wish to sell the property in the near future when the market can offer a better price.
4. The lease should state that you wish to sell the property and that the tenant must allow for open houses and private viewings. You should also have a termination clause in the lease in the vent that you do sell.
Categories: Real Estate News
