What do you all think of this apartment?
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You tease me, Sir, with your tower houses, at ridiculously low prices!
Yeah, I'm waiting until my money is in the bank before I do anything. And, you are correct. I'll be in a position to negotiate prices down. There is a lot to know about buying real estate. This place isn't real estate because it's titled, not deeded. Also, I didn't negotiate the sale. My name was put on the title later.
This apartment building is c. 1972, iirc.
I like mid-century high rise apartment buildings a lot. They were built to last forever. They were, also, built to a human scale.
This was what I call, 'The Jet Age," a time when middle and working-class Americans were affluent, and would travel by plane around the world. It was a time when the experience of flying was flying, not like having a ticket to ride a bus, when you didn't get a bag of peanuts practically thrown at you, let alone dragged off a plane. They didn't even ask for ID.
At the same time, PanAm and TWA were what they used to be. The "Jet Set" was real. Jacqueline Kennedy Onassis would stride through the New York airport bearing the name of John F. Kennedy. These women were called, "The Swans." Their society lasted until Truman Capote wrote a tell-all book about them, being an insider. Then it all went to hell. But that is a story for a different day.
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Here are some units (of varying sizes) in and around the address of the building that you posted on Cove Cay. They have sold recently.
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I think a lot of people ask friends and family. Some general tips:
https://www.zillow.com/learn/how-to-find-a-good-real-estate-agent/
edit to add: https://www.zillow.com/learn/choose-right-real-estate-agent/
https://www.homelight.com/blog/search-for-a-realtor/
I am not familiar with the newer ways of finding an agent like online agent matching services that are described in that HomeLight article, so I can't comment on how effective they are.
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I just found one more that I think is helpful. It also highlights something that I was not aware of, namely some changes to how commissions are paid to agents involved. They went into effect in 2024; I haven't done any real estate transactions since 2020.
How do your fees work?
Listing agents work for commission. When the seller pays a listing agent a 3% commission, that agent typically splits it with the brokerage he or she is a part of. For buyers, the changes to the commission rules and regulations mean being responsible for paying the buyer’s agent commission. These changes took effect in August 2024 following the NAR landmark lawsuit settlement terms. You can negotiate with your agent directly about commissions, and the agent will also split the agreed-upon commission with his or her brokerage.
While fees should always be negotiable, Bonnie Fleishman, a top-selling real estate agent in Glen Burnie, Maryland, warns sellers, “Don’t work with somebody because they say they’ll cut their commission. Use somebody you feel confident is going to give you the best advice.”
https://www.homelight.com/blog/questions-to-ask-a-real-estate-agent/
I know it's a lot of reading, but I think a good investment in time so you can navigate the buying process and get a home you love.
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Here are some units (of varying sizes) in and around the address of the building that you posted on Cove Cay. They have sold recently.
@wtg said in What do you all think of this apartment?:
Here are some units (of varying sizes) in and around the address of the building that you posted on Cove Cay. They have sold recently.
I figured out why the prices are reasonable. This is facing Tampa Bay. Prices in the West side of the County facing the Gulf are likely to be much higher.
I don't think it would matter in terms of air quality. The land mass at this point is very narrow.
Tampa is a railroad terminus, is a major US port, has one of the county's busiest international airports, and has piles of industrial waste related to agriculture following the coast as soon as you get out of the city heading south.
Pinellas is an environmental paradise compared to Tampa. Tampa's air and water are terrible. I don't care what anyone says. I know this from experience.
I'm obsessed with this building now. That doesn't mean buying there would be a good decision. But my mind works this way. It will lock on to something I like and want.
I'm also obsessed with Andy's tower house. Thanks a lot, Andy!
j/k
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