AGENT 1
Dec 22, 20202 min
New York, N.Y., π½ is a hell of a town β and in a post-COVID world π, home buyers may also see it as a hell of a bargain π€.
Since COVID-19 emerged as a major concern π€ in the first few months of 2020, the pandemic has upended the countryβs housing market in many ways. At first, health
Β π¨ββοΈ concerns fueled the digitization πΎ of the home-buying process, with some people opting to purchase homes sight unseen apart from virtual tours π₯.
Already competitive π , the frenzied real estate market in the U.S. πΊπΈβan unforeseen outcome of the coronavirus pandemicβis getting even more cut throat π‘.
Buyers are not only facing a dearth π of inventory, as the number of homes for sale has dropped to an all-time low, but at the same time, prices π² have climbed π§ to an all-time high, according to a report π Friday from Redfin.
Sharon Mather wanted to sell her house π in Long Beach, California, π but she was reluctant π« to pay the standard listing commission. During the intense sellerβs market of 2020, sheβs one of many homeowners rethinking π€ the wisdom π§ββοΈ of paying full freightπ to listing agents.
After shopping π around, Mather found a discount broker willing to market her house for a fee of just 1 percent, well below β€΅οΈ the 2.5 percent typically charged by listing agents.
Jimmy Buffett sure knows how to live the good life πΊβ and make a tidy profit π° while doing it. The "Margaritaville" πΉ singer π€ has sold his jaw-dropping π΅ mansion in Palm Beach, Fla., for $6.9 million, Variety reports β significantly more than the $4.95 million he paid for the property in 2011.
Over the past 30 years, Maral Boyadjian has built up a family π¨βπ©βπ§βπ¦ real estate business consisting of eight homes π‘ in Southern California that she and her husband π©ββ€οΈβπ¨ rent out.
"Some people spend their money on a bigger home or better car π or travel π§³, but we live modestly," said Boyadjian. "Whatever money π΅ we can put together, we spend it on buying another single-family home π to rent."