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☆ What to know before you buy a house overseas — and 3 steps to smooth the process
▼ + stars: | 2024-05-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

But it's not a decision one should make on whim; multiple factors can easily complicate the process, experts say. But in most cases, the U.S. buyer will need to open a bank account in the country they're buying real estate. 'Understand what your needs are'It will be important for you to "understand what your needs are," Boisson Aries said. "Buying these direct properties for that purpose is something that comes with far more risks than people realize," he said. And if you do decide to use the property for rental or commercial use, you may have additional tax burdens in that country, Boudreaux said.

Persons: Jude Boudreaux, it's, Boudreaux, Bojan Mujcin, Mujcin, Erin Boisson Aries, Douglas Elliman, Boisson Aries Organizations: Planning, Coldwell, CNBC, Sotheby's Locations: New Orleans, U.S, Barcelona, Costa Brava, Spain

☆ A Connecticut home with a private FAA-approved airstrip and hangar has hit the market for $2.9 million. Take a look.
▼ + stars: | 2024-04-27 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

A three-bedroom, four-bathroom home has hit the market in Connecticut for $2.9 million. The home features the only FAA-approved private paved airstrip in the state. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementConnecticut's only home with an FAA-approved private paved airstrip is selling for $2.9 million. AdvertisementTake a look inside.

Persons: —, Barbara Hackman Franklin, Wallace Barnes, Ellen Sebastian Organizations: FAA, Service, Property, Business, of Commerce, Sotheby's International Realty Locations: Connecticut, Bristol

☆ Selling your home in 2024? Here's why you should list it in June, according to Zillow
▼ + stars: | 2024-03-11 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

If you're thinking of selling your home this year, you might want to do it in the first two weeks of June. U.S. sellers who listed their home during that time span in 2023 sold their homes for 2.3% more when compared to other months in the year, according to a new Zillow analysis. Zillow's analysis of its 2023 listings supports this conclusion: Spring and summer months had a 0.5% to 1% increase in sales prices compared to the yearly average. Conversely, sales prices dropped by about 2% during winter months, compared to the yearly average. June should be the standout month of 2024 too, Zillow experts expect.

Persons: Nicole Beauchamp Organizations: Sotheby's

☆ Step inside Emma Stone’s century-old, sunlit LA home, just listed for $4 million
▼ + stars: | 2024-01-19 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +2 min

CNN —Emma Stone has just finished playing a morally complicated home-flipper in the first season of “The Curse,” and now the actor is selling her own newly-renovated Los Angeles abode. Ryan Lahiff/Sotheby’s International RealtyStone expanded the vaulted kitchen with eat-in dining. Ryan Lahiff/Sotheby’s International RealtyPops of color and maximalist touches give the home a cheery feeling. Ryan Lahiff/Sotheby’s International RealtyThe bathroom, with a claw foot tub, is full of charm and sunlight. Ryan Lahiff/Sotheby’s International Realty

Persons: Emma Stone, Stone, ”, Eric Lavey, Xavier Collin, Lavey, “ It’s, “, ” Stone, Dave McCary, Ryan Lahiff Organizations: CNN, Image Press Agency, Stone Locations: Los Angeles, Los Angeles , New York, Austin , Texas, —, Arizona, New York, Texas

☆ Luxury listings continue to outperform the general market: Sotheby's International's Philip White
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLuxury listings continue to outperform the general market: Sotheby's International's Philip WhitePhilip White, Sotheby's International Realty president and CEO, joins 'The Exchange' to discuss Sotheby's' 2024 luxury outlook, where luxury listings are concentrated in the U.S., and more.

Persons: Philip White Philip White, Sotheby's Organizations: Sotheby's International Realty Locations: U.S

☆ Emma Stone is selling her colorful home in LA for nearly $4 million. Take a look.
▼ + stars: | 2024-01-17 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Emma Stone is selling her home in Los Angeles. The four-bedroom, four-bathroom house is listed for nearly $4 million. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementJust months after her home-improvement drama series "The Curse" premiered on Showtime, Emma Stone got into the actual real-estate game. This story is available exclusively to Business Insider subscribers.

Persons: Emma Stone, —, Eric Lavey Organizations: Service, Showtime, Sotheby's, Beverly, Business Locations: Los Angeles, Comstock, Beverly Hills

☆ A dilapidated castle built by an Abercrombie & Fitch cofounder is on sale for $2.9 million
▼ + stars: | 2024-01-11 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +3 min

Abercrombie & Fitch cofounder David T. Abercrombie's castle is on sale in New Castle, New York. AdvertisementA castle built by an Abercrombie & Fitch cofounder could be yours for just short of $3 million. Fee Sotheby's International Realty , was completed in 1927 by David T. Abercrombie, the cofounder of Abercrombie & Fitch, according to its listing on Realtor. Abercrombie founded the Abercrombie Company in 1892 as a sporting goods store, the company's website states. It became Abercrombie & Fitch in 1904 when Ezra Fitch joined as Abercrombie's partner, but Abercrombie left the company by 1910 when it opened its first department store.

Persons: David T, it's, —, Christina Diminno, Julia B, Abercrombie, Abercrombie &, William Pitt Julia B, Elizabeth, Lucy, David, Abbott —, Diminno, Abercrombie's, It's, Ezra Fitch Organizations: Abercrombie, Fitch, Service, Abercrombie & Fitch, Westchester Magazine, Morgan, Corp, Abercrombie Company, Gen Locations: New Castle , New York, Manhattan, Scottish

☆ These 8 affordable US cities have the most home-price appreciation potential in the years ahead, according to a broker at Sotheby's International Realty
▼ + stars: | 2024-01-04 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Remote workers may also seek out cities with cultures they enjoy more, those that are walkable, and those that are well-connected via a major airport, she said. All of them have median home prices relatively close to, or below, the national median of $408,573, according to Redfin data. And they are all significantly less expensive than median prices in New York or Boston, which hover near $800,000, or San Francisco and Los Angeles, which both have median prices over $1 million. The eight cities also have below-average costs of living, according to the Council for Community and Economic Research's Cost of Living Index. We've listed the eight cities below, their median home prices, populations, cost of living index scores, and major airports.

Persons: Nicole Beauchamp, we've, Beauchamp Organizations: Sotheby's, Business, Council for Community Locations: New York, Boston, San Francisco, Los Angeles

☆ Move over, pickleball: The fast-growing sport of padel is the next hot luxury-home amenity
▼ + stars: | 2023-12-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Padel is said to be one of the world's fastest-growing sports, with 25 million players in over 90 countries. AdvertisementThe country's fastest-growing sport, pickleball, may have some competition. A standard-sized court is 66 feet by 33 feet, bigger than a pickleball court but smaller than a doubles tennis court. And Enclave, a gated community about 35 miles from Chicago in South Barrington, Illinois, is also set to have a communal padel court. Once they got hooked on padel, he said, they started converting them to padel courts.

Persons: Padel, —, Haven't, It's, Andy Murray, David Beckham, Omar Vega, padel, Marko Gojanovic, Gojanovic, Mia, Aly, khan Merali, Turnberry, Merali, Michael DeRosa, Kelli Ide, that's Organizations: Service, CNN, The New York Times, Business Locations: Mexico, Padel, Miami's, Miami Beach, South Florida, Turnberry, North Miami, Turnberry's, Spain, York, Central, Chicago, South Barrington , Illinois, Lake, Skaneateles, Skaneateles , New York, Atlanta, Los Angeles

☆ After a $1.8 billion verdict, the clock is ticking on the 6% real estate commission
▼ + stars: | 2023-11-05 | by ( Manav Tanneeru | Anna Bahney | ) edition.cnn.com time to read: +7 min

And yet, every day, people across America hire a real estate agent to help them sell a home. While state governments license real estate agents, NAR has an extensive code of ethics it expects members to adhere to. NAR and the brokerages have vowed to appeal the verdict, which means real estate commissions aren’t going anywhere immediately. Last month Redfin, an internet real estate company, left the association. The longer-term impact of the verdict may be that the pairing of buyer’s agent commission and seller’s agent commission will eventually be separated.

Persons: Keller Williams, –, Corcoran —, Kenny Parcell, ”, Mantill Williams, Darryl Frost, homesellers, Stephen Brobeck, ” Brobeck, Jen Davis, ” Davis, “, they’ll Organizations: DC CNN, National Association of Realtors, Homeservices, Keller, Keller Williams Realty, Coldwell Banker, Sotheby’s, Realty, NAR, US Department of Justice, “, Consumer, Consumer Federation of America, Holt Homes Group Locations: Washington, America, Missouri, Keefe, Springfield , Missouri

☆ 3 reasons it could be the right time to buy a home, despite high interest rates
▼ + stars: | 2023-10-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Despite high prices and mortgage rates, they said homeownership will pay off for many people in the long-run. Many Americans have been left wondering when — if ever — the time will be right for them to enter the housing market. "Many homeowners first bought their home when interest rates were high — the 50-year average rate on a mortgage is 7.8%," he said. Even if cuts to interest rates cause mortgage rates to fall, they're unlikely to return to the near-zero levels they were in 2022. If and when mortgage rates fall, Yun said that some homeowners who have been eager to move — but have been reluctant to give up their low interest rates — will likely decide to sell.

Persons: homeownership, —, Andy Walden, homebuyers, Jerome Powell, Alex Wong, Daryl Fairweather, Redfin's, Lawrence Yun, Yun, Selma Hepp, Connolly, Mott aren’t, David Meyer, Redfin's Fairweather, Fairweather, There's, there's, Jenna Stauffer, Hepp, Meyer Organizations: Service, National Association of Realtors, ICE Mortgage Technology, CNBC, Federal Reserve, Reserve, CoreLogic, Brigade, Homeowners, International Realty Locations: Washington , DC

☆ See inside Madeleine Albright's $4 million historic Georgetown home, where she hosted dinner parties with the Clintons and the Queen of Jordan
▼ + stars: | 2023-10-14 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

"I thought if we spent time together between presidential campaigns, we might be able to develop some sort of coherent platform. So I began to invite people to my house for foreign policy dinners," she told the University of Virginia in an oral history. The kitchen. Townsend Visuals for TTR Sotheby’s International Realty

Organizations: University of Virginia

☆ You can buy an abandoned Colorado ski resort for $7 million
▼ + stars: | 2023-10-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +4 min

A shuttered, 373-acre ski resort outside of Denver, Colorado, hit the market in September. The resort, Slopes at St. Mary's Glacier, closed in 1986 and has remained unused since. Slopes at St. Mary's Glacier, a shuttered, 373-acre ski resort is currently up for grabs for $7 million. The former ski resort closed its lifts in 1986 and hasn't been used since, according to Axios. AdvertisementAdvertisementThe Slopes at St. Mary's Glacier closed as a ski resort in 1986.

Persons: Mary's, —, Kristin Michas, Josh Jackson, Les, they've, We're, Michas, We've, Ross Stoner, LIV, hasn't, Pfenning, Jackson, there's, It's Organizations: Service, Sotheby's, Realty, LIV Sotheby's, LLC Locations: Denver , Colorado, St, Idaho Springs , Colorado, Denver, Idaho

☆ A senior real-estate advisor at Sotheby's breaks down why these 4 US cities offer some of the best opportunities for home-price appreciation in the years ahead
▼ + stars: | 2023-09-20 | by ( William Edwards | ) www.businessinsider.com time to read: 1 min

Sizable home-price appreciation could be hard to come by in today's market. But Sotheby's Greg Forest is still bullish on West Palm Beach, Boise, Phoenix, and Durham. As a senior global real-estate advisor for Sotheby's International Realty, Greg Forest is frequently in touch with clients and colleagues in the US and around the world. So while he mainly sells properties in southern Florida, he has a good feel for what's happening in other markets as well. In recent correspondence with Insider, he shared four markets he's been hearing positive things about, and which he's bullish on because of his own fundamental analysis.

Persons: Greg Forest, Forest Organizations: Sotheby's International Locations: today's, West Palm Beach , Boise, Phoenix, Durham, Florida

☆ Gisele Bündchen's new $9.1 million industrial-chic property in a Miami suburb has a tennis court and an equestrian rink. Take a look inside.
▼ + stars: | 2023-09-12 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

Gisele Bündchen's LLC purchased a home in Southwest Ranches, a suburb of Miami, Florida. The 7.5-acre property has a soccer field, tennis courts, an equestrian rink, and an infinity pool. The house, which sold for $9.1 million, is her second in the Miami area. She also bought a property for $11.5 million in Miami proper to be close to Brady in November 2022, Page Six reported. Take a look around Bündchen's new home, which includes state-of-the-art equestrian facilities, a tennis court, an infinity pool, and more.

Persons: Gisele Bündchen's, Tom Brady, Gisele Bündchen, Brady, Bündchen, Page, Chad Bishop, Saddy Abaunza Delgado, Laura Valente Organizations: Service, Tampa Bay Buccaneers, Bündchen, Real, Luxury Realty Locations: Southwest, Miami , Florida, Miami, Wall, Silicon, Florida, Brady

We talked to real estate pros to get their insight on whether now is the time to sell your house. If you're waiting for mortgage rates to fall before you sell, you're playing a potentially risky game. Should I sell now frequently asked questionsShould I sell my house now or wait until 2024? If you wait until 2024 to sell your house, it's possible that mortgage rates will be lower. Should you sell house when the market is high?

Persons: they're, Rachel King, Alec Cantley, Cantley, Mary Hall Mayer, Coldwell Banker Warburg, Mayer, you'll, they'll, Fannie Mae, it's Organizations: Service, Premier Sotheby's, Coldwell Banker Locations: Wall, Silicon, New York City, Asheville , North Carolina, Chevron

☆ A Colorado airpark is on the market for $4.1 million, and one prospective buyer wants to turn it into a community for private plane owners — take a look
▼ + stars: | 2023-08-19 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

But since the 1990s, a dozen investors have operated the airpark as an "accessible hub for aviators of all passions," said Jackson, where pilots could store their vehicles for $250 a month. An aerial view of Platte Valley Airpark. Travis Woolford for LIV Sotheby’s International Realty

Persons: Jackson, Travis Woolford, LIV Organizations: LIV Sotheby’s Locations: Platte Valley Airpark

☆ Connecticut's sprawling Copper Beech Farm estate sells for a record-breaking $139 million — see inside
▼ + stars: | 2023-08-05 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

The estate once held the record for the country's most expensive home sale at $120 million in 2014. The property's seller is an LLC with ties to financier Ray Dalio, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The seller of Copper Beech Farm was The Conservation Institute LLC, a Connecticut company that has ties to hedge fund billionaire Ray Dalio, the Wall Street Journal reported. Sotheby's International Realty's Leslie McElwreath and Joseph Barbieri represented the seller and Stephanie Bo Li of Douglas Elliman represented the buyer.

Persons: Ray Dalio, Ken Griffin's, Leslie McElwreath, Joseph Barbieri, Stephanie Bo Li, Douglas Elliman Organizations: Wall Street Journal, Service, Conservation Institute Locations: Wall, Silicon, Greenwich , Connecticut, New York City, Connecticut

☆ You can own this Santa Barbara home shaped like a whale for $3.25 million. Or you can rent it on Airbnb, so long as you're 40 or older — see inside.
▼ + stars: | 2023-07-30 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

But it's not only the color of a whale. The entire estate aims to recreate the creature's form, explained listing agent Daniel Carpenter. "It truly runs the anatomy of the whale," he told Insider. Courtesy of Scott Gibson for Sotheby's International Realty

Persons: it's, Daniel Carpenter, Scott Gibson Organizations: Sotheby's International

☆ 3 travel agents for the world's wealthiest people share exactly where the 1% are traveling this summer, from Botswana to the Côte d'Azur
▼ + stars: | 2023-07-20 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +9 min

Summer travel can be done on a budget, but for the world's wealthiest people, no expense is spared. Top travel agents shared the hottest spots they're seeing this year, from Paros to the Côte d'Azur. Instead, look to the elite group of agents who help wrangle those jaunts and cater to the wealthiest, most demanding vacationers. Courtesy of John CliffordJohn Clifford in San Diego runs International Travel Management and has expertise with LGBTQ+ travel. Insider asked these travel professionals to share the secrets of where and how the richest 1% are vacationing in summer 2023.

Persons: they've, Jules Maury, Jules Maury Jules Maury, Scott Dunn, John Clifford, John Clifford John Clifford, Edward Granville ., Edward Granville Edward Granville, Granville, Maury, I've, Clifford, he's, Côte, they're, We've, Rod, it's, Paros, It's, Cosme, Parilio, Avant, she's, she'd, Milos Organizations: Côte, Service, San Diego, Travel Management, d'Azur, Porto Heli, Italy, Avant Mar, HBO, Domenico Palace Locations: Paros, Wall, Silicon, San, Red Savannah, London, COVID, Europe, Cannes, France, Africa, Botswana, Namibia, Botswana's Okavango Delta, Kenya, Porto, Greece, Italy, Spain, Athens, Amalfi Coast, Rome, Sicily, Domenico

☆ Homes for Sale in Manhattan and Brooklyn
▼ + stars: | 2023-06-29 | by ( Heather Senison | ) www.nytimes.com time to read: +1 min

Manhattan | 210 Riverside Drive 7D/6DRiverside Drive Duplex$1.5 millionA 1,400-square-foot, two-bedroom, two-bath duplex co-op with original moldings and doors, ample closets, an open living/dining/kitchen area and full bathroom on the upper level, and an en suite primary bedroom, library/home office and second bedroom with lofted storage on the lower level, on the sixth and seventh floors of a 12-story doorman building from 1909 designed by Schwartz & Gross, with a live-in superintendent, bike room, shared laundry and storage cases. Colin Montgomery and Stan Ponte, Sotheby’s International Realty, 646-319-3114; sothebysrealty.comCostsMaintenance: $2,791 a monthProsThis nicely kept and well-maintained duplex feels like a townhouse. The kitchen and upstairs bathroom are fully renovated. ConsThe building lacks amenities, like a gym or roof deck. The bathroom on the lower level is in the primary suite.

Persons: Colin Montgomery, Stan Ponte Organizations: Manhattan, Schwartz & Gross, Sotheby’s

☆ Late to book your Hamptons summer rental? You're in luck — there's still hundreds.
▼ + stars: | 2023-06-18 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +5 min

The Hamptons are facing a summer rental glut, with over 1,000 available in August as of Wednesday. Real-estate agents said an uptick in travel and lower Wall Street bonuses are behind the glut. A glut of available properties and sky-high rental prices are adding up to a slow summer rental season, worrying real-estate agents counting on tenant demand. The hot Hamptons summer rental market, it seems, has caught a chill. "I have a summer rental that's listed for $150,000 for a month and it got an offer of $80,000.

Persons: —, Dana Trotter, Trotter, Enzo Morabito, Douglas Elliman, aren't, KENA BETANCUR, Anthony Rosina, they've, Judi Desiderio, Rosina, We're Organizations: Service, Hamptons, CNN, The Agency Hamptons, Agency, Sotheby's, Town, Country, CNBC Locations: New York, New York City, Southampton, East Hampton

☆ Take a tour of MLB legend David Ortiz's swanky $10.6 million mansion in Miami that set a record for the area's most expensive home
▼ + stars: | 2023-06-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

David Ortiz is unloading his mansion in the ritzy Pinecrest area of Miami. The Red Sox legend is asking $12.5 million, which would be a record for the area. Ortiz and his wife, Tiffany Ortiz, have filed for divorce, and the pair sold the house because their children are grown, according to The Wall Street Journal. The house sold for $10.6 million, a record for the Pinecrest area of Miami. The previous high was the $10.5 million paid for a house in 2022 by Tyler Herro of the Miami Heat.

Persons: David Ortiz, —, Michael Martinez, Ortiz, Tiffany Ortiz, Tyler Herro Organizations: The Red Sox, Service, Wall Street, Miami Heat Locations: Miami

☆ Take a look inside a $14 million penthouse in San Francisco's tallest residential building, which was sinking and tilting for years before it was fixed
▼ + stars: | 2023-05-21 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

A penthouse on the 60th floor of San Francisco's Millennium Tower has hit the market at $14 million. The building was famously sinking and tilting for years before construction began to fix the issue. The condo isn't located in just any building: It's in Millennium Tower. The Tower is known for being the city's tallest residential building, yes, but it's also famous for the fact that it was sinking and tilting for several years before construction began to remedy the issues. After years of structural recorrection, the building is now fully anchored to bedrock, according to Sotheby's International Realty, which is listing the property.

☆ Take a tour of MLB legend David Ortiz's swanky $12.5 million mansion in Miami that could set a record for the area's most expensive home
▼ + stars: | 2023-05-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

David Ortiz is unloading his mansion in the ritzy Pinecrest area of Miami. The Red Sox legend is asking $12.5 million, which would be a record for the area. Loading Something is loading. The $12.5 million asking price would be a record for the area, according to Dirt.com. The previous high for Pinecrest was the $10.5 million paid for a house in 2022 by Tyler Herro of the Miami Heat.

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