Ian Slater and Eduardo Martinez of Compass present a noteworthy property in NYC. This quad-plex penthouse, complete with a 24hr doorman, has officially hit the market for $6.9995M. The captivating 3,785 sq ft. property has a unique and fascinating history. Most notably, Britney Spears lived in the penthouse for four years during her "Toxic" era in the early 2000s. In the 80s, renowned singer/actress Cher also owned the home before selling it to record executive Russel Simmons in 1990. Located within the Silk Building, the home caters to just about every need and desire. The building, built-in 1908, holds 55 residences and was home to the original Tower Records store in the ’80s and ’90s.

While providing desired privacy in a townhouse-like structure, the home can be entered on any of the four levels, each unveiling a new surprise. The main level of the home, where the living/dining room and the chef’s kitchen can be found, features Sub Zero and Viking appliances. For optimum convenience, the main floor, with 12-foot high ceilings, also accommodates a powder room and a full-sized laundry room.

One of the highlights of this space is the outdoor terrace, which can be found on the top level along with the den. Out on the terraced roof, you’ll find stunning sunset views with the Empire State Building in sight. Even while on the unit’s other levels, you’ll be flooded with natural light and pleasant views from the large windows.

Located in the NoHo area of Manhattan, there is no shortage of entertainment and dining fit for any taste. Some common points of interest include Zero Bond, a members-only clubhouse, and a Miami-based restaurant, Kyu, which serves Asian barbeque.

For more information, view the listing here.

All image credits: COMPASS | Evan Joseph Studios

The post Poison Paradise: NYC Penthouse Formerly Owned By Britney Spears Is On The Market For $6.995M appeared first on Haute Residence by Haute Living.

Ariana Grande

Photo Credit: Shutterstock

In 2018, popstar Ariana Grande and comedian Pete Davidson were involved in a whirlwind romance when they began dating in May, got engaged in the weeks following, and moved into a luxurious apartment complex in West Chelsea. The chic space seemed fitting for the public duo as the building was deemed one of the most luxurious in New York City. The property had reportedly been on and off the market since 2015 with an unwavering asking price of $16 million. Since the celebrity couple split in October of 2018, Grande has said “thank u, next” to her former relationship and residence. She has now amassed an impressive real estate portfolio with contemporary mansion in the Hollywood Hills, a $9 million Bird Streets home, and a $6.7 million Montecito estate purchased from Ellen DeGeneres. Recently, the two-time Grammy winning vocalist tied the knot with real estate agent Dalton Gomez in an intimate ceremony at her Montecito home.

Built in the winter of 2017, the New York City apartment complex formerly home to Grande and Davidson was designed by the late renowned architect Dame Zaha Hadid. The lavish custom decor consists of 10-foot-wide motorized windows, 10-foot-high ceilings, distinctive curved glass, and lacquered wall paneling. With 4,023 square feet of living space, Grande’s former unit includes five bedrooms and 4.5 bathrooms. The interior layout presents an ultramodern kitchen equipped with double dishwashers, double refrigerators, a wine refrigerator, a steam oven, and a sculptural island with beveled marble. Leading from the contemporary kitchen, the home offers a spacious family room and entertainment area with a bright and airy atmosphere. Stepping outside, the unit also features a 1,361 square foot terrace with picturesque views of the Empire State Building and bustling cityscape below.

The extravagant apartment complex with 39 units presents a lifestyle of privacy and luxury. Additional amenities consist of a skylit swimming pool, fitness center, spa, and the city’s first private IMAX theater. The price of this property also includes two parking spaces worth $700,000 each. Located directly over the High Line in West Chelsea, this lavish residence is mere moments from Hudson River Park as well as a multitude of shopping and dining options in the city’s most coveted neighborhood.

This property was listed with Million Dollar Listing: New York star Steve Gold. The buyer was represented by Phillip Salem of Compass.

The post Switching Positions: Ariana Grande’s Former NYC Apartment Sells For $13.5 Million appeared first on Haute Residence by Haute Living.

Carmen Electra

Photo Credit: ShutterShock

In 2016, Electra purchased her Hollywood Hills residence at a price of $2.11 million. Throughout her five year stay, she infused the property with her personal touch as the home’s glassed-wine in storage room was converted into a glamorous display for her high heels. This renovation is noted in her 2017 closet tour video with Vogue. However, no other substantial transformations appear to be made as showcased in the listing photos for the prospective property. Electra first listed this home on the market last month at a price of $2.95 million before reducing the cost to its current standing at $2.79 million.

Built in 1988, the Hollywood Hills property spans 3,852 square feet with its traditional exterior and chic interior featuring five bedrooms and five bathrooms. Stepping inside, the home opens to high ceilings and a sweeping staircase with custom dark wood floors stretching throughout. The living room highlights a sleek fireplace and carved wood swing. The customized kitchen includes a quartz waterfall-edge island leading to the cozy family room and elegant dining room with numerous windows offering a view of the serene outdoor space. Moving outside, the peaceful backyard area features a stone waterfall and veranda for outdoor entertainment. The master suite on the upper level is equipped with a fireplace, ensuite bath, and sparkling chandelier. Other highlights of this home include an office, guest quarters, and two car garage. The property rests upon a steep lot in the Mount Olympus neighborhood, a short distance from the Sunset Strip and Hollywood Boulevard.

The listing for this property is held by Heather Albertson and Stephen Hawn with Compass.

The post Carmen Electra Lists Chic Hollywood Hills Home For $2.79 Million appeared first on Haute Residence by Haute Living.

Photo Credit: Shutterstock

One of Compass Real Estate’s Core Principles is “Learning From Realty.”  While this is a rule the company uses in listening to us, as agents, it’s also a good rule of thumb for agents. After losing a number of multiple-offer bids, here is what I have learned while representing buyers in the most competitive market in the US.

With the stiff, almost cutthroat, competition we are seeing in Austin's housing market, here is a list of best practices that we will use to ensure you have the best chance of actually winning the house of your dreams.

1) Be prepared to offer well over asking.  Since January 2021, I have been seeing homes selling for 10 to 25 percent or more over the list price. That may mean we need to search for homes that are priced significantly below your approved budget in order to even have a shot at winning.

2) Waive your right to terminate if the property doesn’t appraise. The truth is, with prices escalating so quickly, homes will not appraise.  Why? Because coms are lagging indicators. Appraisers use SOLD comparables when determining appraised value and they look back six months.  That means the houses selling today are outpacing the comps. It will take several months—at least—for comps to catch up. But, if you want to win, you must be ok with waiving an appraisal.  NO ONE is accepting offers that are not using the appraisal waiver.

3) Make sure you have the cash to make up the difference between the appraised value and the contract price.  Sellers will require you to show proof that you have that cash on hand—called proof of funds. Typically, this means showing the seller a copy of your bank statement with a cash balance that is in excess of the cash down payment PLUS an amount sufficient to cover the appraisal gap.  Without this, the seller will reject your offer.

4) Waive buyer’s approval. Whoa! What? If you are not paying all cash for your new home, you should have gone through underwriting with your lender so that you are FULLY approved and ready to go. Sellers want guarantees that you are able to complete the transaction and will not terminate because you can’t get approved for the loan. This is RISKY, but as long as you feel secure in your ability to complete the transaction and you have that discussion with your lender, making a contract NOT subject to you being approved will give you a competitive edge. As a reminder, a pre-approval letter from your lender MUST be submitted with your offer. Using a trusted local lender is critical and can be the difference between winning and losing the bid.

5) Pay for all the “seller” expenses. This is a big one. In a normal market, it is common to write a contract with the seller paying for the owner’s title policy, a new survey if needed, a home warranty, HOA documents and transfer fees. Forget about that in this competitive environment. Those expenses have always been negotiable, but today, I recommend all buyers offer to pay these expenses. Remember, the goal is to make your offer most attractive to the seller.

6) Increase your earnest money to at least 2 percent if not more. If the contract terminates, the earnest money is returned to the buyer in most circumstances, so it’s a fairly low-risk strategy. To the seller, it shows you have more “skin in the game” and can be a competitive edge in helping you win. Remember, if the deal does go through, this money is credited to your purchase price and closing costs.

7) Offer a VERY large option fee for as few days as is reasonable. I have seen some contracts waive their option period. I DO NOT recommend this unless you are a builder, an experienced remodeler, or perhaps if you are buying new construction or are going into a home that you know you plan to totally remodel. Otherwise, I can’t, in all good conscience, recommend this. Instead, offering a very large option fee ($5,000, $10,000, etc.) for a few days is a good strategy.  The key is to have an inspector lined up and ready to go the minute the contract is executed and knowing, what, if anything, would cause you to walk away.

8) Get creative. Some buyers in today’s market have even offered to pay the agents’ commissions and the sellers’ moving expenses just to win the deal. What extra things can you throw in to the offer?

9) At the end of the day, cash is king.  Paying all cash for your home is one of the best competitive strategies available. Not everyone can do this of course, but if you are in a position to do that, do it and be prepared to show proof of funds.

10) Pray. It can’t hurt!

For more information, please contact Barbara Van Dyke at 512-431-2552 or barbara.vandyke@compass.com

Barbara Van Dyke is the exclusive agent representing the Austin, Texas real estate market as a member of the Haute Residence Real Estate Network. View all of her listings here.

The post Barbara Van Dyke On Winning Competitive Offers In A Seller’s Market appeared first on Haute Residence by Haute Living.

The panelists were hosted by Haute Living's Seth Semilof in a conversation focused on the impact the last months of quarantine had on the New York City's real estate market, and the current and future outlook of the industry in the City and its surroundings.

Watch the webinar below.

Sign up for upcoming Haute Residence webinars:

Thursday June 25th at 2PM EST / 11AM PST

A live discussion with "Million Dollar Listing Los Angeles" star Josh Altman. REGISTER

Thursday June 25th at 4PM EST / 1PM PST

A talk about Blue Wellness-oriented architecture, natural amenities and skin-care, and the healthful benefits of living by the ocean. Introduction by Marcelo Kingston, Developer of 57 Ocean. REGISTER.

Tuesday, June 30th at 11AM EST / 8AM PST

A "Coast-to-Coast Residential Real Estate" panel with Berkshire Hathaway HomeServices, as we talk about "Buying & Selling in the New Normal". REGISTER.

Highlights from today's webinar:

Ian Slater: "I haven't seen a huge pickup in the in the ultra high end of the market. But under $3 million, it's almost like a floodgate opened of people wanting to see things that had been previously unable to access anything and really want to get out there and buy again, probably seeking deals... I think that we will be in a pretty good place in December, assuming we don't have a second wave... We can be on both sides of a transaction, so we will always be active, and I hope the City will remain resilient, calm and smooth through the fall and the winter until we get a vaccine."

Julia Hoagland: "The obituary of New York has been written many times before, and here we are, here we will be. Yes, there will be a shift to the population, but I think some people will come in to the City. We've actually had someone that has lived outside the City and they're seeing this is a really good opportunity to trade out of a high tax environment in Westchester and come to have a lot of choice of properties that they might not have had, and affordability with the low interest rates.All of the tech investment that's happening across every tech firm that is doubling and tripling down on New York City, that makes me very secure in my feeling that New York is going to survive and thrive through this."

Cindy Scholz: "We've had agents from all over the country give different tutorials. So we basically have master classes for real estate on Compass University, and I found that to be very helpful and a good way to stay connected... Women of Compass started as a grassroots operation about three years ago. We had maybe 40 members, and women got together to help one another personally and professionally. Now we have over 5,000 members nationwide. Because New York City is very specific, when we were very much on lockdown, we were hearing from Nashville, Dallas, Chicago; places where they were actually able to show, and how they were navigating these times, and it was super encouraging to hear that."

Darren Sudenik: "We're just going through another evolution of New York. (The City) in the 80s wasn't what it was in the 2000s. Brooklyn is now the East West Village. So there's this connection and change. I think there's also going to be just a different attitude of how people think about where they live and its proximity to where they work. I think people are going to more than ever want to live where they work.... Prices need to correct for there to be an impetus to buy. Otherwise, there will be no impetus and we will be in the same place. So I'm hoping for a nice, healthy price correction. Just like the stock market, it always bounces back if it's a good stock, and New York is a good stock."

Watch previous webinars by Haute Residence at dev.hauteresidence.com.

Top: Cindy Scholz, Darren Sudenik. Bottom: Ian Slater, Julia Hoagland

The post Webinar With Top Big Apple Compass Agents As New York Real Estate Opens Up appeared first on Haute Residence by Haute Living.

Edgardo Defortuna, President and CEO of Fortune International Group, Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management (REAM), Leo Medeiros, Director of Sales at 181 Fremont, and Erin Boisson Aries, Founder of Erin Boisson Aries Team at Christie's International Real Estate, were hosted by Haute Living's April Donelson. The dialogue with and between the experts went into the penthouses their companies represent, as well as the state of their respective real estate markets during the quarantine and now as the industry is reopening to pre-pandemic operations.

Watch the webinar below.

Defortuna and Kingston showcased 57 Ocean, the 71-home boutique building set along Millionaire’s Row between Atlantic Heights and Mid-Beach in Miami Beach, and its $35-million penthouse. "The concept is to really connect with nature and to provide a healthy lifestyle in all aspects to the consumer that is the user of this property," said Defortuna, whose team at Fortune Development Sales is the exclusive broker of 57 Ocean.

"We are very proud about this rooftop penthouse where you can enjoy 360 views of Miami, the ocean and Intercoastal Waterway, and in pretty much 15,000 square feet (8,000 indoor, 7,000 outdoor), which is really unique, wrapping up the whole unit in one single floor," said Kingston. "We set the ocean as the front stage of any moment within the building. When the thought about the project and inspiration for the penthouse, we were trying to create special touchpoints and special moments within that space."

Boisson Aries gave a Big Apple-worthy presentation of the $34 million penthouse at One Beacon Court, including the never-ending views of New York City. "If you're going to be in New York, you want to have the most spectacular views," she said. "Vertically, we go north as far as the eye can see. Horizontally, (the views from the penthouse) goes from the East River all the way to New Jersey and beyond. There are great views in New York, and then there are spectacular us in New York. This one qualifies as having absolutely spectacular views. The apartment is 9,000 square feet in total and it's five bedrooms and six and a half baths. It is a duplex so it's spread over two floors. What this double-height space does is bring the entire city into your apartment."

Medeiros highlighted a stunning $46 million penthouse at 181 Fremont in San Francisco, pointing out that the photos did not do it justice since he participated in the webinar from inside the unit. "Our Grand Penthouse is nearly 7,000 square feet. It's the tallest residence west of Chicago," he said. "It includes all the furnishings and accessories. It happens to be the most expensive home in San Francisco, but it's also probably the most spectacular residence in San Francisco and, I think, the West Coast."

Sign-up for upcoming Haute Residence webinars:

Wednesday, June 24th at 3PM EST / 12PM PST

Haute Residence and Luxury Living Group Design

Join Haute Residence and Luxury living Group as we talk with top designers about fine furniture and new design trends after the quarantine. REGISTER.

Wednesday, June 24th at 4PM EST / 1PM PST

NYC Real Estate Reopening with Top Compass Agents

Join us as we talk with four of the top Compass names in the Big Apple about reopening after the quarantine. REGISTER.

Thursday, June 25th at 4PM EST / 1PM PST

Designing for Wellness in the Post-COVID Era

Join us for a talk about Blue Wellness-oriented architecture, natural amenities and skin-care, and the healthful benefits of living by the ocean. REGISTER.

To watch more webinars by Haute Residence, visit https://dev.hauteresidence.com/

Top: Edgardo Defortuna, Erin Boisson Aries. Bottom: Leo Medeiros, Marcelo Kingston

The post Penthouses: High-Rise Palaces In Miami, New York And San Francisco Highlighted appeared first on Haute Residence by Haute Living.

Kristin Ehrgott (Hoboken, Jersey City, NJ), Margaret Miggins (Northern New Jersey), and Michael W. Stanco (Long Island, NY) were hosted by Haute Living's Seth Semilof in a conversation that touched upon their markets and how each has changed in the last few months of quarantine. Ehrgott leads the Live Here Property Group, Miggins is head of the Maggie Miggins Group, and Stanco is head of The Stanco Misiti Team.

Watch the webinar below.

As Haute Residence continues its industry-leading series of real estate webinars on the latest in the industry with top agents, brokers, developers, and experts, we invite you to join us in our upcoming webinar:

Tuesday, June 16th at 4PM EST / 1PM PST

Natiivo Miami and the Evolution of the Built Environment in Miami

A special conversation with Keith Menin, Alex Xakoustis, and Raymond Fort, the three industry leaders who have joined forces to bring to life Natiivo Miami, the revolutionary for-sale, homesharing-friendly development located in Downtown Miami. REGISTER.

Highlight quotes from today's webinar:

Kristin Ehrgott: "Typically, the inventory would drive the demand, but now the market is being driven by the demand of the buyers. I just put a house in the market for $2 million and got an offer for almost full price on the same day... We officially announced our joining up with Compass last week, so I've been getting my team on the Compass platform and using the technology. As soon as we announced, we were ready... Due to the amount of demand from our current clients and other Compass agents, I have not reinitiated my Zillow account... I have a client that owned a high-rise condo in Jersey City. They fled to a parent's beach house for a couple of weeks (to spend the quarantine). They contacted me and said they did not want to go back to the condo. They wanted us to sell it. The home they ended up moving to had 11 offers. I found a strategy to persuade the sellers to accept my buyers' offer, and located a buyer for their property in Jersey City... Deals are getting easier to transact. Buyers and sellers are getting together and being reasonable... If you're in an area where inventory is limited and demand is high, people make money on real estate investments."

Margaret Miggins: "It was easier to say vacant homes (during quarantine)...  With the pandemic, many kids came back to their parents' home. It gave people a pause. We are noticing that things are opening back up. There are multiple bid situations going on all over the place... One of our agents just put a listing on and within two minutes, she had six appointments... We are seeing a lot of New Yorkers coming out... It's a robust real estate market now. There's little inventory and everything is getting absorbed quickly... We are seeing multiple bids in every price point. People like to feel settled. We are getting a lot of (requests for) home offices, a patch of grass (from buyers)... When we heard that Compass was opening up in Jersey, we loved it. We love everything about their marketing... Normally, in August we take off the last two weeks. I don't think we will be doing that this year. We lost our Spring market and it's now opening up, so everyone is going to want to get in (their new home) for the school year."

Michael W. Stanco: "We have been operating and it's an exciting time to represent the people in this region... We feel Compass is light years ahead of any other brokers... We are looking forward to servicing sellers and buyers because this area has never been in as much demand as now... It's all about relationships. People come to us because they trust us. Every relationship can go in every direction, so we take every client seriously and treat them equally... Pricing has not gone down these last months. It has been stable or even going up... Demand coming out of Manhattan has been there through the years, but now more than ever. For people coming out of the City, either it's a full-time move, or a second-home buyer coming out of Manhattan that is looking to come during the weekend or the summer... Going forward, there is no downtime. August will likely be busier than ever. I think we will go straight through the Fall... Long Island is a great place to live, and we are seeing a resurgence and renewed interest that will push our business and lives in a positive way."

To watch more Haute Residence webinars, visit dev.hauteresidence.com.

The post Watch: New York And New Jersey Compass Real Estate Webinar appeared first on Haute Residence by Haute Living.

Exquisitely reimagined w/ evocative designer details throughout, this rarely available 04 model, perfectly situated on the 35th floor at the prized Acqualina Resort & Residences delivers quintessentially elevated living par excellence. This abundantly beautiful refuge in the sky affords a feast for the senses w/ breathtaking ocean, bay & skyline views at every turn. Completely turnkey, the home comes well-appointed w/ everything from a private foyer entry, 2 tantalizing balconies, oversized white porcelain tile flooring w/ mosaic details, light-filled kitchen & bathrooms, quartz countertops, Miele/Subzero appliances, gas range, & professionally selected furnishings. With access to impeccable facilities & a truly divine location, residents enjoy the finest heights of luxurious living.

Address: 17875 Collins Avenue, Unit 3504, Sunny Isles Beach, FL 33160

Price:$2,399,999

For more information please contact Bento Queiroz at 786-838-6587 or bento.queiroz@compass.com

Bento Queiroz is the exclusive agent representing the Southwest Ranches/Weston, FL real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Marcos Guevara Photo Credit: Marcos Guevara Photo Credit: Marcos Guevara Photo Credit: Marcos Guevara Photo Credit: Marcos Guevara Photo Credit: Marcos Guevara

The post An Exquisite 35th Floor Home In Acqualina Resort & Residences By Bento Queiroz appeared first on Haute Residence by Haute Living.

This is a stunning turn-key apartment with an incredibly peaceful view. It is spacious fully finished and furnished two bedrooms plus a large den and three full bathrooms, with an open floorplan ideal for entertaining. No expense spread in this tastefully designed unit at the elegant Reserve at Marina Palms. The Reserve at Marina Palms offers an unparalleled waterfront lifestyle, with five-star amenities such as an infinity pool overlooking the bay, fully equipped gym, concierge, Marina Facilities and much more. Easy to show and priced to sell!

Address: 17111 Biscayne Blvd. Unit 708, North Miami Beach, FL 33160

Price: $995,000

For more information please contact Bento Queiroz at 786-838-6587 or bento.queiroz@compass.com

Bento Queiroz is the exclusive agent representing the Southwest Ranches/Weston, FL real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

Photo Credit: Prestige Lifestyle Group (Carlos Arocha)

The post Beautifully-Finished Miami Apartment Presented By Bento Queiroz appeared first on Haute Residence by Haute Living.

Watch the webinar below.

Sign-up for our upcoming webinars:

Friday, May 8th at 2PM EST/11AM PST

Top Bay Area real estate industry names Olivia Hsu Decker, Michael Dreyfus, Herman Chan, Roh Habibi and Jill Levy of Golden Gate Sotheby’s International Realty. REGISTER: https://hauteliving.zoom.us/webinar/register/WN_uLuCTTSASzax4LmGwg8oFg

Friday, May 8th at 3PM EST/12PM PST

Live chat with a trio of leading real estate agents in NYC (Vickey Barron), South Florida (Josh Dotoli) and Canada (Faith Wilson). REGISTER: https://hauteliving.zoom.us/webinar/register/WN_EVVAKfJ8QjiKjg2B6VChMA

Tuesday, May 12th at 4PM EST/1PM PST

Luxury development 2000 Ocean creators Enrique Norten, Shahab Karmely and Edgardo Defortuna talk about the project. REGISTER: https://hauteliving.zoom.us/webinar/register/4215887787079/WN_pEnoKlLMSlCmoE1ySypE3A

About today's panelists:

Bill Fandel: Real Trends/America’s Best Real Estate Agents (Top Agents by Volume by State) | 2010 - 2019, Twice-Named Telluride (Colorado) Association of Realtors “Realtor of the Year” & “Presidential Award”.

Robin Kencel: Head of The Robin Kencel Group at Compass, among the top ten agents in Greenwich, CT.

Jack Pearson: Top producing broker in The Hamptons, NY area for over 20 years. Creates and build specialty-stylized homes with interior design partners.

Bento Queiroz: Over $100 million in career sales. Recently sold a unit at The Estates at Acqualina for $6.3 million. Specialized in South Florida market.

Jim St. Andre: Over $1B in career sales and several of the most expensive sales ever in Manhattan, NYC. Last year, his team was ranked #2 in NYC and #34 nationwide by The Wall Street Journal.

Top left: Bento Queiroz, bottom left: Bill Fandel, top middle: Jack Pearson, bottom middle: Jim St. Andre, right: Robin Kencel

Highlight quotes:

Bill Fandel: "We were forced into a virtual world. It has given people a glimpse of working more remotely... We are taking longer periods for rentals, of which there is only a certain amount... People will take longer rentals and commute back and forth to different business hubs... Someone can get a good glimpse of properties remotely. We have seen a rise in web traffic and more inquiries on properties that have larger acreage, more breathing room. It will be interesting to see how much of the web traffic stays intact as the re-opening happens... At Compass, we have shown some leadership about releasing technologies and streamlining things... We will enter another market for a place like ours. A lot of it will be predicated on how easy it is to travel and how people are able to stay in hotels... 

Robin Kencel: "In Greenwich, we are not normally a rental market, but we are nimble and have adapted and responded nicely. We found people that were looking for a month or two for rentals. Then, it changed to 'What do you have for the summer?' Now we are working on people that are taking a whole year of renting. It moves people into considering buying... Compass has a well-vetted group of vendors that give us the ability to do virtual tours that are as close to reality as possible... Our numbers have been off for a couple of years so it's a good time to buy."

Jack Pearson: "Millenials are much more attuned to buying properties sight-unseen... If you can't get in and have a video of the house, you sell it that way. If buyers really want a property, you can make the deal contingent on a walk-through. We have to think out of the box... The rental market (in The Hamptons) got squeezed because half the people that own houses rent them in the summer, and instead they are coming out to stay for the summer. Prices have gone up 30% for rentals... People that were on the fence to buy realized that they want to have a house, not be stuck in an apartment... Our population normally goes up six times in August, and that's what really happened here in March."

Bento Queiroz: "We are trying to accommodate all the demand from people trying to come down... Buying a property as my client did at The Estates at Acqualina, he basically pays his property with tax savings within five years... In Miami, if you navigate through the waters or in-land, people are still sitting on land value and holding on... Miami is evolving and taking shape as a global city. If you bring extraordinary architecture to the city, you can capitalize on it... We are offering an incomparable price per square foot in Miami."

Jim St. Andre: "In the high-end of the market of New York City, buyers are looking at this as an opportunity to buy in a neighborhood or building that they couldn't find access to before... From a business perspective, the strong and the intelligent will survive in the next phase of real estate in the United States... New York is the ultimate sub-market. We will see transactions go up and prices will depend on what sub-market of the City you are (looking into)... New Yorkers are resilient and they want to be here because it's New York."

The post Compass Real Estate Experts Talk Latest In Industry During Quarantine appeared first on Haute Residence by Haute Living.