Chapter 05: Chapter 5 Buying and Selling a House

Chapter 5 Buying and Selling a House"Of course, no problem. The entire apartment building has just started to be sold, and it has perfect property management and services." The agent immediately said enthusiastically: "Mr. Lin is single, and this smallest apartment is very suitable for you."

"Also, 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, the three houses can be used as bedrooms or as studies. Can you accept this?"

"No problem!" Link nodded and said, "I don't have any artistic talent, so I prefer to trust the designer. As long as the quality is good, that's fine."

"Of course, you can rest assured about this." The agent immediately stood up and asked, "Shall we leave now?"

“Did you drive?”

"Mine is a motorcycle, let's meet at the apartment!" Link said, "If you are satisfied, I won't look at anything else. I will just make an appointment with my lawyer and we can sign the contract at the agreed time."

"But I want to know the payment method. After all, the house I live in now needs to be sold. Can I pay the deposit first?"

"Of course, we have multiple payment methods and can also arrange loans for you." The broker didn't care about the payment method at all. As long as Link signed the contract, he could get the commission.

Link arrived first on a motorcycle, while the agent drove himself, so Link arrived first.

This apartment is located southeast of Central Park and has an extremely advantageous geographical location. If Link buys the penthouse apartment, he can overlook Central Park from home.

The land around Central Apartments has always been in short supply, and buying one would be a fortune.

The smallest apartment that Link liked is over 220 square meters in size and is priced at US$2.4 million. It has luxurious decoration and is fully furnished with furniture and soft furnishings.

This is equivalent to a price of more than US$10,000 per square meter!It was definitely not cheap in that era, but Link felt it was not bad. Considering the cash and the money from the sale of his own house, the money was almost enough.

In this way, he doesn't need to win too much when he goes to Las Vegas, a few hundred thousand will be enough, and the purchasing power of the US dollar is very strong.

However, Link still carefully turned on his X-ray vision and looked the entire apartment from top to bottom. Only then was he sure that there was no problem with the quality.

"This place is really nice. I don't think I need to look anywhere else." Link said to the real estate agent.

"This is a wise decision. If you look at it too much, you will hesitate too much." The agent was happy at this time and praised Link. "By the way, how are you going to pay?"

"Pay the deposit, and then I'll start selling the current house," Link said.

The agent naturally didn't want to miss this opportunity, so he immediately asked, "Can I ask where you live now?"

"Of course, I live on XXX Street in Queens, which is a middle-class community. The three-story townhouse was built in the 1950s and should be worth more than one million US dollars." Link introduced the situation. "It was left by my parents."

"So that's where it is!" As expected of a real estate agent, he immediately knew the exact location. "Mr. Lin, you are really lucky. This development company is buying the house there."

"Huh?" Link was stunned. "A development company acquires a property?"

"Yes, they not only develop properties, but also rent them out," the other party introduced. "They have quite a few properties in your neighborhood."

"This kind of acquisition has always happened, but they also select locations. For example, where you are, the buildings are generally from the 1940s and 1950s, and the geographical location and surrounding environment are good, then they will acquire it." "Usually they can rent it out, and when they acquire a certain number of properties, they will develop it."

Link suddenly realized that land in New York, especially in Manhattan, was hard to come by and the competition was very fierce.

A single real estate development company cannot survive by relying solely on selling houses. Every project must be refined to maximize benefits.

In addition, other income is needed to keep the company running.

"So what's the price?" Link asked, "Isn't their purchase price too high?"

"No, the price is usually the market price, or even a little more. After all, they make money by renting it out, and for the sake of future benefits." The real estate agent said, "And now it's very convenient for you, you can stay here until the construction is completed."

"Okay, then let's talk to them, but you won't earn any commission?" Link asked.

How can such a real estate agent not earn a commission?"Lin Xinsheng, our real estate agency also belongs to this development company." The agent cleared up Link's doubts.

It seems that he still doesn't understand much about business matters, but it doesn't matter. Since it is convenient for him, he doesn't need to hesitate.

"Sure, as long as the price is right." Link agreed immediately.

The next thing is simple. The other party offered US$1.8 million for Link’s current house. This price is not low, but Link owns the land property rights, and it is this property right that the development company values.

Of course, this apartment was originally purchased for just over US$10,000 in the 1950s, and was purchased by the original owner’s grandfather.

Link agreed immediately, and the transaction went very smoothly. Link could continue to live there without paying rent.

Link then signed a contract to purchase the top-floor apartment and then communicated with the design team of Open Company.

The overall style is fixed, and Link doesn't bother with the style issue. He has adjusted the functions of some rooms.

One of the public restrooms was converted into a laundry room. With just this minor adjustment, he didn't need so many restrooms. 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: basking in the sun.

The only problem now is that Link has no money. Of course, it may be enough to live on, but after moving into the apartment, he cannot afford the annual property management fee alone.

But there is no rush now. He used the remaining rest time to start sorting out things at home.

The furniture does not need to be moved, as it has been purchased by the development company so that they can rent it out directly, with only some simple repairs required.

After all, the long-term goal here is to develop new real estate projects, and decoration is a huge waste.

(End of this chapter)