Real Estate Page Turners - 27 East

Real Estate News

Real Estate News / 1415324

Real Estate Page Turners

author on Jun 30, 2013

One thing is constant about the world of real estate, it’s forever changing.

Interest in the real estate market continues to grow, thanks in large part to real estate-based reality television programs, which provide more glimpses into this world than ever before. While the shows typically glamorize the lives of those who work in the business, focusing largely on those living the high life, making it in the volatile world of real estate is usually another thing altogether.

Today in the Hamptons, there are many well-heeled foreigners entering the market and buying up high-end property. But what about those Americans who wish to purchase real estate outside of the United States?

“How to Buy Real Estate Overseas” by Kathleen Peddicord helps satisfy the curiosity of those who wish to venture outside the States. The book provides practical advice on how to enjoy the unique benefits and avoid the pitfalls of investing in foreign real estate.

Foreign real estate represents a potentially worthwhile opportunity for both investors who want to move a portion of their wealth abroad and for retirees looking for affordable living options. In the book, Ms. Peddicord explains the ideas of diversification, asset protection and safe havens for wealth via foreign real estate.

Consider that foreign property is a hard asset that, unlike stocks, for example, can’t go bankrupt and collapse to zero, the author writes. The book does also contain warnings about buying in areas that suffer from “geopolitical risk,” i.e., a revolution or some other disaster that could make property worthless and possibly make Americans “unwelcome” by a new government.

Ms. Peddicord, an American, has invested in real estate in 18 countries, established businesses in seven, renovated historic properties in six and educated her children in four.

For those still wondering why the real estate market crashed in the first place, “Other People’s Money, Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made” by Charles V. Bagli can shed some light.

The New York Times reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal by Tishman Speyer and its partner, BlackRock, as a lens to see how and why the real estate crisis happened.

Questions raised and answered include: How did the so-called smartest people in real estate lose billions in one single deal? How did the Church of England, the California public employees’ pension fund, and the Singapore government lose more than $1 billion combined investing in a middle-class housing complex in New York City? How did MetLife make $3 billion on the deal without any repercussions from a historically racist policy of housing segregation? And how did nine residents of a sleepy enclave in New York win one of the most unlikely lawsuits in the history of real estate law?

The book also explains the current recession through first-person accounts. It discusses the so-called bubble and why it burst. This is not a sexy read but a very informative one.

What might be of particular interest to East Enders, “Saving the Family Cottage” by attorneys David Fry and Stuart Hollander, is a basic guide to succession planning for cottages, cabins, camps or vacation homes.

This practical book is for anyone with kids and a beach house. It provides information on how to keep a vacation home in the family for generations to come.

Chapters cover such important issues as how to allocate control between and within generations of owners, figuring which estate-planning entity is best and whether or not to establish an endowment. Best of all, it’s written in plain English. It has numerous real-world examples and stories from the cottage wars trenches about vacation home plans gone awry.

If nothing else, the book explains the importance of why parents and grandparents should make their wishes clear when it comes to the future of family property long before it’s too late. Putting things in writing only helps.

For the female real estate reader, there’s “Nothing Down for Women” by Robert G. Allen and Karen Nelson-Bell.

Making big claims that this is the “only book” a woman needs to get started “winning, and winning big,” in the real estate game, the authors cover such issues as buying a house without putting any of your own money down, buying a house without a loan, spotting the motivated seller and how to manage your property “without fear.”

The authors provide scripts for talking to buyers and sellers, templates for writing a great sales ad, methods for doing quick-and-easy financial calculations and handy checklists of to-dos. They also reveal what they term “women’s advantages” in the real estate world and how busy women can fit the steps for real estate success into their hectic schedules.

For a real insider’s look, there’s “The Art of Selling Real Estate” by Patricia Cliff, a senior vice president at The Corcoran Group.

Unlike most other how-to real estate books, Ms. Cliff spends considerable time emphasizing that a successful career in real estate requires long-term planning and sacrifice. There are no overnight successes here as she argues as it is not the get-rich-quick business many mistakenly believe it is.

With real-world insight the author explains how forces such as the internet and real estate-based television shows have changed how people view property buying. She also covers items such as how to hold a successful open house, identifying real estate trends, how to negotiate commissions, and the necessity of possessing good interpersonal and marketing skills.

You May Also Like:

New Southampton Estate Bought For $7.2 Million

A Southampton estate north of the village recently sold for $7.23 million, according to The ... 22 Sep 2020 by Staff Writer

Bridgehampton Traditional Fetches $11.2 Million

A 10,200-square-foot traditional home in Bridgehampton by three top talents recently sold for $11.2 million. ... 21 Sep 2020 by Staff Writer

Three Big Summer Sales In Water Mill

Three big sales in Water Mill that closed over the summer were reported this week, ... 18 Sep 2020 by Staff Writer

Dawn Watson Joins Enzo Morabito Team

Westhampton Beach resident Dawn Watson, an East End journalist and a former Douglas Elliman senior ... by Staff Writer

Parsonage Lane Estate Sells For $23.5 Million

A 7.37-acre Sagaponack Village estate recently sold for $23.5 million, according to The Real Estate Report Inc., in one of the biggest transactions to happen on the South Fork this year to date. The estate at 232 Parsonage Lane abuts 100 acres of reserves and includes a main residence, a pool house, a carriage house, and a 250-year-old barn. The gated entry opens to a tree-lined driveway leading to a pea-gravel motor court. Michael Davis Construction built the 11,000-square-foot main residence in 2010, with interiors by Alexa Hampton. It has eight bedrooms, eight full bathrooms and three half-baths, and a ... by Staff Writer

Wyandanch Lane Pondfront Sells For Nearly $10 Million

A Southampton Village estate section property that was on the market for the first time ... 14 Sep 2020 by Brendan J. OReilly

Habitat For Humanity Home To Be Built For Springs First Responders

A pair of Springs volunteer first responders will get to stay in the area and ... by Brendan J. OReilly

North Haven ZBA Rejects Variances For Baum’s ‘Lighthouse’ Rebuild

By Peter Boody In a rare split vote, the North Haven Village Zoning Board of ... by Peter Boody

Southampton Town Housing Survey Deadline Extended To September 30

The deadline to answer the Town of Southampton’s online housing survey has been extended 15 days to September 30 to give more people the chance to respond. So far, 2,200 people have participated, according to the town. Southampton Town is working with VHB Engineering Consultants to create a townwide housing plan to update the town’s Comprehensive Plan, and they are seeking community input on housing priorities. “This informational survey will allow everyone who works or lives in the town, and those who did not get a chance to participate in the forums, to share their thoughts and ideas,” Diana Weir, ... 11 Sep 2020 by Staff Writer

Suffolk Federal Offers Virtual First-Time Homebuyer Seminar

Suffolk Federal Credit Union is offering a free virtual first-time homebuyer seminar this month, in both English and Spanish, as an alternative to traditional on-site workshops. The English-language seminar will take place on Tuesday, September 22, and the Spanish-language version will follow on Wednesday, September 23. The start time both days is 6 p.m. and the seminar is an hour long. The seminar is designed to prepare prospective homebuyers to manage the process with confidence, providing an abundance of information, focused on minimizing stress, according to Suffolk Federal. “By adapting to a virtual delivery, we are able to support our ... by Brendan J. OReilly
logo

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported