Teardown Post

Our business model for growth has changed; we are now partnering with select Realtors in specific markets offering our program for new business development, brand and system on a referral fee and exclusive basis.

We are approaching certain qualified brokers in an effort to find the right agent(s) to incorporate teardowns.com into their existing real estate business.  We plan to target markets where we have sales experience, as well as a populated database of  property buyers (individuals, investors, builders and Realtors).

Our first venture, with Baird & Warner - one of nation’s oldest and most respected firms in the industry is underway.

We continue to concentrate on bringing low cost and unique customer driven buying and selling solutions to the business of real estate.

Thank you for your continued support.

Brian S. Hickey

teardowns.com

Popularity: 5% [?]

GREENWICH, Conn. (AP) — The wife of one of Russia’s richest men says she will not tear down a massive mansion in Connecticut to build an even bigger one.

Olga Kogan had gotten zoning approval to level a 19,000-square-foot mansion in Greenwich and build a 21,000-plus-square-foot home.

Kogan is the wife of multimillionaire Valery Kogan. He is chairman of the East Line Group, which manages Moscow’s Domodedovo International Airport.

Neighbors were opposed to the scale of the mansion and the disruption that construction would cause. Kogan sent a letter to town officials last week saying she was surprised by the opposition and was abandoning her plans.

Kogan had bought the property in 2005 for $18.5 million. No one answered the phone at the home on Thursday.

Popularity: 13% [?]

It looks like John Paulson - the hedgefund manager that called the end of the housing boom is starting a new fund to buy residential and commerical property.

 Maybe John should take a look at quality infill real estate - it may be the most likely to show the best returns?

 The article:

 http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5344169/John-Paulson-bets-on-property-recovery-with-new-fund.html?dbk

Popularity: 18% [?]

This article was presented to me today (I’m not sure how old it is?) - it’s from the National Trust for Historic Preservation.  It is a terrific source of information and it really details the whole segment of the market.

 http://www.preservationnation.org/issues/teardowns/additional-resources/Teardown-Tools-on-the-Web-1.pdf

Popularity: 24% [?]

I caught this article about distressed foreclosures on CNN today. I agree with the observations noted in the story; many of the bank-owned properties that I have been showing to teardown buyers these days are complete wrecks in need of a skilled builder.

Too Damaged To Sell?

Popularity: 34% [?]