How market resale of Trump Fl oceanfront preconstruction condo in U.K.?

Answer 1

Previously asked and answered -- and you picked a Best Answer. How many times are you going to ask the same question?

Answer 2

In truth, you probably don't want to go this route. However, assuming your mind is made up, you'll either have to spend a lot money on advertising which may or may not work. Or, find as many free FSBO sites (For sale By Owner). Or, talk to as many estate agents across your region and ask if they'll pronote your property in their shop window and agree a fee if they find a prospective buyer.

You will still need to hire a real estate lawyer in the US since the law pertaining to a Condo is a lot more complicated than selling a single family home. Or, at the very least you'll need to hire a Title Company to handle the paperwork and to a limited extent the legal aspects. Should there be a complication, they will likely not be responsible since you should have hired a Realtor or Lawyer both capable of seeing you through the legal framework and confusing documentation. Doing it yourself isn't an option an option.

Third option is review your situation very swiftly and act pdq. Why? Two forecasts hit the beaches of FL this week. One forecast a drop of 12.5% in 2008 and Forbes magazine indicates 35%. (Please understand the Forbes report was imparted by a trusted third-party but I have not seen the article myself. Whereas the first is a public source and known to be fairly accurate.)

Advice would be to accept a strong probablity you will make a loss on the whole project and decide how much you will drop in the first instance. Then, find an experienced Realtor (7 years or more) and ask them for their advice but stress you want it sold before Christmas. Whatever price they suggest drop a further US $5,000 and ask them how they are going to market the Condo. If you are satisfied with their repsonse, give them the go ahead but be prepared to drop at least another 5% before Christmas.

If all the above proves unnceptable, stop and think how much a 35% drop will actually hurt.

As for the UK, get your Realtor to look into sites such as TheMoveChanel.co.uk - it'll cost them US $500 and they can put as many of their other listings on the site. There are others but let the Realtor do their own homework. Also, don't stint on their commission. If it's less than 6%, a buyers agent won't even show the property to his buyer or, at best it'll be way down his list. (Remember. the 6% has to be split with the Realtor who brings the buyer.)

That said, if your Listing Realtor finds the buyer, you could negotiate a 4% fee. Afterall, this is still 1% above what he'd get if there's a split .

Indcidentally, Donald Trump, apart from some projects that are too far down the line to abandon in CA & FL, is only developing outside the US. Places such as Dubai, Romania, etc, etc. (Please don't follow him to Dubai, this market will also have a massive oversupply within the next two years. He'll have made his money but resale property will be hit on price. Whereas, Romania should be good for the next 7-10 years.

Sincerely wish you every success with your exit strategy, and if you think there's any additional pointers I might be able to help with feel free to contact...

Answer 3

Don't know.