Chapter 5 Buying and selling a house
"Of course there is no problem. The entire apartment has just started to be sold, with complete property management and services." The agent immediately said enthusiastically: "Mr. Lin is single, and this is the smallest apartment. Perfect for you.”
"And the apartment has housekeeping services, but the overall decoration style of the apartment has been determined, so the owner can only make adjustments in terms of functionality."
"For example, three houses can be used as bedrooms and studies. Is this acceptable to you?"
"No problem!" Link nodded and said, "I don't have any artistic skills, so I am more willing to trust designers, as long as the quality is good."
"Of course, you can rest assured about this." The agent stood up immediately, "Shall we leave now?"
"Are you driving?"
"Mine is a motorcycle. Let's go directly to the apartment to meet up!" Link said: "If you are satisfied, I will not look at anything else and directly make an appointment with my lawyer. We can sign the contract at an agreed time."
"But I want to know about the payment method. After all, the house I live in still needs to be sold. Can I pay the deposit first?"
"Of course, we have a variety of payment methods, and we can also handle loan business for you." The broker doesn't care about the payment method at all. As long as Link signs the contract, he can get the commission.
Link was one step ahead on his motorcycle, while the agent drove his own car, so Link got there first.
This apartment is located southeast of Central Park. The location is extremely advantageous. If Link buys the penthouse apartment, he can overlook Central Park from his home.
The land around the Central Apartments has always been in short supply. If you buy a piece of it, you will make a fortune.
The smallest one that Link is interested in has an area of more than 220 square meters and a price of 2.4 million US dollars. It has luxurious decoration, furniture and soft furnishings.
The price is equivalent to more than 10,000 US dollars per square meter!
It is definitely not cheap in this day and age. Link feels pretty good. Counting cash and the sale of his own house, the money is almost enough.
In this way, he doesn't need to win much to go to Las Vegas, just a few hundred thousand is enough, and the purchasing power of a dollar is very strong.
However, Link carefully turned on the X-vision and looked at the entire apartment up and down. There was no problem with the quality at all, and then he was sure.
"This place is really nice. It seems I don't need to see anything else." Link said to the real estate agent.
"This is a wise decision. If you look too much, you will have too much hesitation." The agent was happy at this time and praised Link, "By the way, how are you going to pay?"
"Deposit, and then I will start selling the current house." Link said.
The agent was naturally unwilling to miss this opportunity and immediately asked: "Can I ask where you currently live?"
"Of course, I live on XXX Street in Queens. It is a middle-class community. The three-story apartments were built in the 1950s and should be sold for more than one million U.S. dollars." Link introduced the situation, "Then Still left behind by my parents.”
"So that's where it is!" As expected of a real estate agent, he immediately knew the specific location. "Mr. Lin, you are so lucky. This development company has purchased the house there."
"Huh?" Link was stunned, "The development company is acquiring the property?"
"Yes, they not only develop, but also rent." The other party introduced, "They have a lot of properties in your neighborhood."
"This kind of acquisition has always happened, but it also depends on the location. For example, in your place, the buildings are generally from the 1940s and 1950s, and the location and surrounding environment are good, so they will acquire it." "Usually, it can be done. They rent it out, and when they acquire a certain amount, they will develop it.”
Link suddenly realized that land in New York, especially land in Manhattan, was hard to come by, and the competition was fierce.
A real estate development company alone cannot survive by selling houses. Every project is strived for excellence and strives to maximize benefits.
Moreover, other income is needed to maintain the operation of the company.
"What about the price?" Link asked: "Their purchase price won't be too high, right?"
"No, the price is usually the market price, or even a little more. After all, they make money by renting it out, and it is for the benefit of the future." The real estate agent said: "And now it is very convenient for you, you can stay here forever Finished here.”
"Okay, then let's talk to them, but won't you make any commission?" Link asked.
How can a real estate agent like this not earn a commission?
"Lin Xinsheng, our real estate agency also belongs to this development company." The agent relieved Link's doubts.
It seems that he still doesn't know much about business matters, but it doesn't matter. Since it's convenient for him, he doesn't need to hesitate.
"Yes, as long as the price is right." Link agreed immediately.
The next thing is simple. The other party offered Link's current house a price of 1.8 million US dollars. This price is not low, but Link owns the land property rights, and the development company values this property rights.
Of course, it turns out that this apartment was purchased for just over 10,000 US dollars. It was in the 1950s and was purchased by the grandfather of the original owner.
Link agreed directly, and the transaction between the two parties went very smoothly, and Link could continue to live there without paying rent.
Link then signed a purchase contract to purchase the penthouse apartment, and then communicated with the design team of Open Company.
The overall style is fixed, and Link will not dwell on style issues. He has adjusted the functions of some rooms.
One of the public bathrooms was converted into a laundry room. With such a slight adjustment, he didn't need so many bathrooms. Link was not a native American and he didn't like to hold parties at home.
He would rather spend money to go out and hold it if necessary. Link himself is a homebody, and his reason is not bad, sunbathing.
The only problem now is that Link has no money. Of course, his life may be enough, but after moving into an apartment, he cannot afford the annual property fee alone.
But there was no rush now. He used the remaining rest time to start organizing things at home.
The furniture does not need to be touched, it has been acquired by the development company so that they can rent it out directly, with just some simple repair work.
After all, the long-term goal here is to develop new real estate projects, and decoration is a huge waste.
(End of chapter)