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For Sale by Owners - Proceed At Your Own Risk, Brokers Say


Just mention the words "For Sale by Owner," and realtors cringe. Mention those same words to some sellers and they say with a pumped fist, "Yesss!"
So, who's right? 1 comment

Rosehip Partners Real Estate


Rosehip Partners, a real estate brokerage, opened its doors for business in July 2008. "It may not have been the most auspicious time to launch a new real estate agency, given the collapse of the real estate market," said partner James Young. "But in a sense it was the perfect time for us." 2 comments

Curb Appeal - It Matters!


Curb appeal is to real estate what sex appeal is to men and women. It's the first point of attraction. And how important is that? "Curb appeal is as important as the nice blue box Tiffany's puts their diamonds in," said Judi Desiderio, president of Town & Country Real Estate. "Every seller should set their property apart from all the "comps" in the neighborhood, whether the price is under $1 million or over $20 million." 4 comments

Third Quarter Encouraging - Market Turns Around?


The third quarter numbers are better than expected according to real estate agents around the Hamptons who have been pleasantly surprised by the strong showing reflected by quarterly reports as October draws to a close. Some are predicting a continued upswing encouraged by the third quarter showing which may indicate the market hit bottom in the winter of 2009 and is now on the rise. 1 comment

Pricing Too High And Expecting Low Offer Not Best Strategy To Selling


Sellers in this uncertain housing market who are pricing their houses to sell at or close to the asking price are employing the best strategy, local real estate brokers said this week. Brokers said pricing a house too high, expecting lower offers, is not the best strategy in this market of tumbling prices.

Take This Hedges Lane Home For Free Please!


Take this house please! It's free if you can move it. Who can resist a deal like that? So far, there are no takers for the 1930s classic American four square despite an aggressive campaign to give the house away, so custom builder Michael Davis can move forward with a project. 5 comments

Pike's Farm Purchase Moves Forward


"We have never been closer to our goal," John Halsey, president of the Peconic Land Trust (PLT) said this week as efforts to purchase the 7.6 acre parcel on Sagg Main that is home to Pike's Farm Stand progressed. In an unexpected turn of events, the contract price has been reduced from $8.23 million to $6 million. Sadly, the property's owner James "Jim" Hopping died on October 12. 1 comment

Real Estate Prices Still Climbing As Sales Decline And Inventory Swells

First quarter earnings are being reviewed in real estate offices across the East End as agents are reporting higher prices, fewer sales and more inventory heading into what they still hope will be a peak selling season.

Pending Subdivision Could Prove Record Setting Land Deal A Shrewd Investment


When a portion of the Atlantic double dunes was allegedly flattened during the construction of a retaining wall on the former de Menil property on Further Lane, the media pounced on the story. Much of the controversy surrounding the property has ended, though the development of the property should still be interesting to watch. 2 comments

Self-Correcting Real Estate Market Takes First Baby Steps In Right Direction


Sales are down, prices are lower and inventory is up. That much is certain as real estate agents enter the second half of the year analyzing market data gathered over the last six months. The big question, have we seen the bottom yet, remains unanswered. 17 comments

Madoff House In Contract - Cash Offer Exceeds Listing Price


Bernie Madoff's Montauk beach house is in contract according to Joan and Raymond Hegner, the exclusive listing agents at the Corcoran Group's Montauk office handling the sale. The 3,000 square foot contemporary listed at $8.75 million sold for more than the asking price. The sale is a cash deal in accordance with guidelines set by the federal marshals overseeing the sale. 3 comments

Is It Possible To Buy Property In The Hamptons Under $500,000?


It is possible to buy property in the Hamptons for less than $500,000. That's right, not every house on the market is listed at $19 million. You can buy in East Hampton where there are eight houses for sale ranging from $214,110 to $489,000. However, don't plan on moving into Sagaponack anytime soon where the lowest price houses are hitting the market at close to $3 million. 13 comments

Say Goodbye To Dragon Head, Say Hello To Calvin's New Beach House

It was quiet on Meadow Lane except for the occasional banging of a hammer in the distance and the song of a red wing blackbird near the shores of the Atlantic. History was being made in the midst of this tranquility as a small crew of workmen began dismantling Dragon Head, making way for Calvin Klein's new, smaller, 17,000 square foot beach house. 14 comments

In Soft Market, Land Preservation Takes Biggest Hit

'New York is one of the few states that haven't been bombed,' Hamptons North Fork Realtors Association President John Nickles announced, handing the microphone to Tom Isles, Suffolk County's director of planning. The topic was not war but it may as well have been as the battle to survive a down market continued over scrambled eggs and coffee. 1 comment

Federal Marshals List Madoff's Montauk Residence With Corcoran Group


Bernie Madoff's oceanfront beach house in Montauk is for sale for $8.75 million according to federal marshals who listed the property with the Corcoran Group this week. 3 comments

Sagaponack's New 'No Demo' Law Makes Restoration A Village Priority


There is something heartbreaking about seeing an old house torn down, its barn and outbuildings gone forever as the last vestiges of the old East End disappear to be replaced by McMansions with pool houses and tennis courts in the heart of the South Fork's farmlands.

Farrell's $59.5 Million Dollar Bridgehampton Dream House

Joe Farrell built a hundred homes in the Hamptons before he started work on the largest project he has ever undertaken, his new 30,000 square-foot home on Halsey Lane in Bridgehampton. The house is for sale for $59.5 million but Farrell is not really interested in moving out just yet. 18 comments

Oceanfront Living Without A Care In the World

For loyalists returning to Montauk season after season, driving the Old Highway on their way to the beach, the Panoramic View was long a landmark as the expanse of the Atlantic Ocean unfolded before you. Times change and most often fond landmarks are the casualties of progress - not so in the case of the Panoramic Villas which has been thoughtfully renovated and re-imagined to luxury standards of our times. 1 comment

Barbara Corcoran: Buyers Are Afraid, Sellers Are Anxious And Brokers Need A Vacation

When this dynamo, who grew up as one of 10 children in a close knit Irish Catholic family in Edgewater, NJ, walked in to the Vineyard Catering Hall in Jamesport she was unnoticed by the large group that had gathered to hear her speak. Many years ago, the New York Times described Barbara Corcoran noting, 'For all her drive, she has no airs.' 15 comments

At Pike's Stand, A New Spring Crop Brings New Hope To Close The Deal

Pike is making plans to open this season though the future of the farm stand is mired in uncertainty. Efforts to preserve the rented farmland, spearheaded by the Peconic Land Trust, are edging forward though it is yet to be seen if enough support can be raised. The contract, subject to the PLT's ability to put together a deal involving Southampton Town and Suffolk County, is hinging on private donations and a contribution from the ailing CPF fund.

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