-
Four tips for investing in real estate from four leading global luxury
U.S. wealth is on the rise: the population of individuals with a net worth of more than $5 million grew by 17{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from 2019–21, according to Coldwell Banker Global Luxury’s “A Look at Wealth” report. At the same time, wealth allocated to real estate surged to $3.6 trillion in 2021. With so many turning to real estate to diversify their investment portfolio, how does one cash in? Thousands of Coldwell Banker Global Luxury specialists around the world are trusted advisors to clients looking to boost their real estate portfolio. I recently connected with four of them to find out their secrets. Jill Eber and Nathan Zeder are part of the…
-
Luxury real estate booming on Upper East Side in NYC
The once sedate Upper East Side is suddenly sizzling as luxe home sales are surging after being cratered by the pandemic. More contracts for homes priced at $4 million and up were signed on the Upper East Side than in any other Manhattan neighborhood during the first week of November, according to a report compiled by Donna Olshan of Olshan Realty. Among the eye-popping deals were two penthouse units combined into one with an asking price of $66.5 million. The apartments are in The Bellemont, a condo building at 1165 Madison Ave. designed by famed architect Robert A.M. Stern. An undisclosed buyer snatched up what will become the 13,011-square-foot home…
-
Power Buyers: What To Know About Real Estate’s Buzziest New Buyer Tools
For the past several years, the real estate market has been a twisted game for homebuyers. The ability to secure the perfect home constantly eludes them, as they get crushed by institutional buyers with all-cash hammers, pricked by sellers wielding their power to overprice homes, and sucked into a pipeline of precarious financing. Stefan Peterson | Credit: LinkedIn However, an emerging business model is helping homebuyers win the game — similar to the effect of a single Super Mushroom that transforms Mario from a dwarf to a looming giant; power buyers are imbuing everyday buyers with the capital needed to crush the competition and seal the deal. “What power buyers…
-
Luxury Real Estate Agent Daniel Tzinker Joins The Agency South Florida
“I am thrilled to join The Agency family and harness the unique resources and unparalleled marketing tools of this truly global brand,” said Tzinker. LOS ANGELES (PRWEB) November 29, 2021 Global real estate brokerage, The Agency is pleased to announce that seasoned luxury real estate agent, Daniel Tzinker has joined the brokerage’s South Florida office. With more than a decade of industry experience, Tzinker is one of the most accomplished real estate brokers in Miami, achieving a quarter billion in combined sales throughout his career including record-breaking transactions at iconic residential properties including the W South Beach, Indian Creek’s “Billionaire’s Bunker,” Faena, The Miami Beach EDITION, Icon South Beach,…
-
Is Your Home Improvement Contract Legal? – Real Estate and Construction
In an effort to protect homeowners, California has set out extensive requirements for the form and content of home improvement contracts. California Business and Professions Code Section 7159 sets out these requirements in painstaking, and sometimes pain-inducing, levels of detail. The unfortunate result for contractors tends to be confusion and avoidance. Many contractors operate with noncompliant contracts, or have no formal contract and simply operate on the basis of a bid submission. The consequences of doing so can include disciplinary action by the Contractors State License Board (CSLB), fines, and an unenforceable agreement. It is worth the time and effort for a contractor to bring his or her contracts into…
-
Lawsuit claims Oregon’s real estate ‘love letter’ ban stifles free speech
Free speech advocates have filed a preliminary injunction against Oregon’s new law banning love letters from prospective home buyers. Kristian Foden-Vencil / OPB Free speech advocates have filed a preliminary injunction against Oregon’s new law that bans so-called “love letters” from prospective home buyers. Total Real Estate Group out of Bend wants a federal judge to block Oregon’s law before it goes into effect in January. The law would stop real estate agents from passing along personal pitches to sellers. Proponents say these letters can be the only edge a first-time buyer has against deep-pocketed investors that buy up entry-level homes to flip or rent out. The concern is that…
