For years, we’ve been fascinated to find the amazing quality of homes that some of the world’s richest and famous individuals own. Sometimes, though, you see something so grandiose and amazing that it just has to be remarked upon; like the home that Bob Weinstein is selling. At around $29.5m for the purchase, his 7000 square feet super-complex in New York City is up for sale, and it’s a wonderful home.
While maybe a touch out of your price range, it’s notable that people like Weinstein tend to sell outside of the normal market, using off market listings instead. Not only does it allow them to avoid time-wasters, it allows them to work with a specialist team to help them find the perfect buyer for their home.
And that’s a very underrated feature; finding the right buyer is more important than having multiple buyers interested.
The maintenance fees of this house, at just over $15,000/month, would mean most people are spending their yearly salary on just two months of this place. However, the co-founder of Miramax Films has been looking to move on this amazing property for some time. Purchased in 2004 for around $9.5m less than is being asked for it today, Weinstein and his now ex-wife Annie Clayton tried to sell the house for a whopping $34m on non-MLS listings.
A failure to find a buyer meant turning the home onto the normal market for the $29.5m it is being listed for at this moment in time. Their failure to find the ‘right’ buyer has forced them back into the dog-eat-dog world of market listings, where they’ve already had to relinquish a considerable sum of money just to make it a viable purchase.
This particular property, though, The Beresford, has been in the use of the grandest of society for many years. From the likes of Jerry and Jessica Seinfeld to Gurley Brown, Tony Randall and even John McEnroe have all lived here at one stage in their lives. It’s always been owned by someone of huge reputation, and for that reason it holds a rather specific position within the housing ladder.
Most people, though, aren’t playing with a property form of royalty. Non-MLS listings makes plenty of sense for people who aren’t trying to sell homes in the astronomical bracket like the above. While it can work for anyone, when dealing with such incredible prices for property it might be hard to ever find an equilibrium.
For those who are maybe a few rungs down the latter from the Beresford, though, using off marketing listings can make plenty of sense when you want a faster sale, less haggling and greater value in both time and hard cash.