Drew Brees buys luxury Canal Street condo, celebrity news site reports | Saints

The New Orleans Saints’ beloved quarterback, Drew Brees, has purchased one of the 92 condominiums in the future Four Seasons New Orleans Hotel at the foot of Canal Street, according to a story on the TMZ website. The hotel/apartment development will occupy the 1968-vintage, modernist tower once known as the International Trade Mart.

Work began on the renovation of the 34-story former office building in 2018 and may be completed as soon as 2021. The redevelopment was projected to cost $450 million and will include 341 hotel rooms as well as condos.

According to the breathless TMZ report, “Drew’s new pad is coming with ALL the bells and whistles … from private access to a bar/lounge to a golf simulator room.”

David Seerman, a Four Seasons sales manager, said in a telephone interview on Wednesday that condos range in price from $2 million to $10 million, but he would not

Read More

Drew Brees Reportedly Buys Condo with Golf Simulator Room for ‘Several Million’ | Bleacher Report

New Orleans Saints quarterback Drew Brees (9) warms up against the Detroit Lions during an NFL football game in Detroit, Sunday, Oct. 4, 2020. (AP Images/Rick Osentoski)

Rick Osentoski/Associated Press

New Orleans Saints quarterback Drew Brees has purchased a deluxe condo inside the Four Seasons Hotel and Private Residences New Orleans in Louisiana. 

TMZ Sports reported Wednesday that Brees paid “several million dollars” for the unit, which includes views of the Mississippi River and the French Quarter, a golf simulator room, private access to a lounge with a bar and use of the residence’s 75-foot outdoor pool.

“When I heard The Four Seasons was coming to New Orleans, I jumped at the opportunity to purchase a condominium,” Brees said in a statement. “The Four Seasons is transformative for this city, and I’m excited to be part of it. My family and I will always love New Orleans and be proud to call the Four Seasons home.”

The Four Seasons is the “priciest development” in New Orleans history, per TMZ.

Brees signed a two-year, $50 million contract extension

Read More

Is Home Insurance Required When You Buy a House?

If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house?

In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea. To help you understand why, we’ve put together this Home Buyer’s Guide to Home Insurance, which will help walk you through what you need to know from beginning to end.

In this first article, we’ll introduce you to what homeowners insurance is, why it’s often essential, and what can go wrong if you don’t have it.

What is homeowners insurance?

With home insurance, as with other types of coverage (including health insurance), you pay a relatively small amount of money either monthly or annually in exchange for the promise that your provider will help you pay for unexpected costs you might incur as a homeowner.

What can

Read More

A $13.5 Billion SPAC Sensation Will Buy Your House

Opendoor buys houses, refurbishes them and sells them a few months later. Essentially, it flips homes. The company rejects that description, however, and would prefer you called it an “iBuyer” — a technology-enabled, one-stop shop for homeowners who want to sell quickly with as little friction as possible. You enter your home address on the website, and some details about the state of the property and its features, and it makes you an offer.

In fairness, Opendoor makes most of its money from charging the seller a 6%-9% levy on the gross purchase price — not from buying low and selling high. (In the U.S. someone selling a house the old-fashioned way might pay 5%-6% in broker fees.) It sold almost 19,000 homes last year in 21 U.S. cities, although Phoenix, Dallas, Atlanta and Raleigh account for almost half of its revenue. Rival real-estate websites such as Zillow Group Inc.

Read More

10 condos for sale in Marpole for under $600,000



a kitchen with a table in a room


© Provided by Vancouver Sun


Why Marpole? For two years running, the neighbourhood took top honours in Moneysense.ca ’s annual look at where to buy real estate in Vancouver. (Results for this year hadn’t been published at press time.)

“The big reason why this neighbourhood continues to hold the top spot is that it offers excellent value in a city where real estate prices were so grossly exaggerated by injections of foreign money and money laundering,” writes the magazine’s Romana King. She also noted that it’s “still transitioning,” but that “you’ll pay 25 per cent less for the average priced home in Marpole than a home in surrounding Vancouver West neighbourhoods.”

Presently, there are about 30 detached homes for sale in the neighbourhood, with prices hovering in the $2-3 million +range. If this is out of reach, some deals are still to be had in the Marpole condo market. Here

Read More

S.F. homes for sale hit a 15-year-high, as deluge of new condos flood the market

San Francisco’s residential real estate market saw brisk activity from July through September with a steep increase in both sales and inventory, as a significant jump in buyers was not enough to keep up with the deluge of new condos and homes flooding the marketplace, according to a new report from the brokerage Compass.



a person standing in front of a building: San Francisco’s residential real estate market saw brisk activity from July through September with a steep increase in both sales and inventory.


© Gabrielle Lurie / The Chronicle

San Francisco’s residential real estate market saw brisk activity from July through September with a steep increase in both sales and inventory.


The number of sales rose 30.2% compared to the third quarter last year, climbing from 1,151 to 1,499 transactions. But the number of listings is at a 15-year high, with a 10-month inventory for condos in some neighborhoods. Comparing September to the same month last year, the number of price reductions was up 172% for houses and condos combined. Of the price reductions, 80% were of condos.

Loading...

Load

Read More

Apartment Buildings – One of Real Estate's Most Stable Investment Vehicles

With property values ​​plummeting in areas such as Florida, more and more investors and turning their focus from single family housing to multifamily apartment buildings. In the past the main reason why investors choose apartment building is because they like the idea of ​​having the tenants pay down the mortgage and pay the expenses of the property as they enjoy the benefits of real estate appreciation, and if purchased and financed correctly the owners can receive a monthly income similar to what most people make on a regular 9-5 job. Apartment building ownership is no longer suited for just the handy man type investor, as more management companies have become more competitive to handle the head aches associated with tenants for a fee of just 7 – 10 percent. Again it goes back to buying right, with the property financing and apartment ownership can be put on auto pilot.

Multifamily … Read More

Work on Your Apartment Neighboring Skills

In an apartment, living in such close proximity to others, there is no excuse for being a loud, obnoxious, inconsiderate neighbor.

Every single morning, without fail, I know exactly when my upstairs neighbor is leaving for the day, or walking their dog or whatever they are doing …… VERY EARLY. It is one of the first signs of being a naughty neighbor who is inconsiderate of their neighbors.

I want every Apartment-ite out there to please work on being a GOOD neighbor.

Always remember that you live in a community with other people, so try to be considerate, aware, and conscious of the little things that may bother those around you.

My upstairs neighbor lets their door SLAM shut in the wee hours of the morning, which seems to slightly shake the entire building and make a very loud echoing boom that I am sure can be heard several buildings … Read More

Apartment Rental Tips For College Students

If you're heading off to college for the first time, or you've been living in the dorms, renting your first apartment can be a difficult prospect. After all, if you haven't been through the process before, you don't know what's normal or what to expect. Many students have parents, friends, or relatives who can help them find a good apartment, but not everyone is so lucky. You might wonder if there are even apartments open to you. Let's take a look at renting a student apartment. It's not as difficult as you might think.

First, take a look at your available budget, and get a realistic idea of ​​the apartments you could be renting. A quick perusal of the ads will tell you what the average price range is for your area. Don't be surprised if campus apartments tend to be a little more expensive than the very cheapest apartments … Read More

Condo and Apartment, What’s the Difference?

It is easy to feel a bit dazed and confused after a day of viewing potential new homes. After multiple viewings, they can all start to look the same. But have you ever wondered what the difference is between an apartment and a condo? They look exactly the same! If you have, you’re right. They are aesthetically no different from one another. The difference between an apartment and a condo is purely legal.

Condos and apartments are essentially both apartments that are part of a bigger building. Where a condo differs from an apartment is in terms of ownership. Condos are apartments sold individually to different owners. The same building in its entirety could be owned by one person and the apartments inside rented (but not owned!) to separate people.

A condo is typically defined as a group of houses that are individually owned on one piece of land. When … Read More