Vivaldi Real Estate has been assisting many Italians, as well as U.S. citizens and citizens from other countries, interested in New York City real estate, especially Manhattan., since 1992. The name Vivaldi grew out of the idea of providing a service that harmoniously ties together the “Four Season” of real estate investment: Research, Acquisition, Management and Sale.
ResearchWe are committed to working for our customers – assisting them in the wise selection of properties with the expectation of appreciation. We know what is officially on the market as well as what might be “quietly” available. With Vivaldi, the needs of our clients are always our first priority. We make every effort to know our counter parties, thereby minimizing the surprises that sometimes occur while working with brokers who represent the seller. For example, we strive to know if a view is likely to disappear behind a new building so we can then negotiate a better price given that the apartment may lose its “million dollar view”. Furthermore, we know if a similar apartment to what our buyer is interested in was sold at a better price (this is public information but it is difficult to obtain from a seller’s broker). Our daily presence in the market for over 15 years gives us a competitive advantage that we then share with our customers. Together with knowledgeable attorneys, we help our customers optimize their real estate purchase.
- Daily monitoring of the market aimed at identifying the best new opportunities the moment they present themselves
- Relations with banks aimed at gathering information early in the foreclosure and auction process
- Direct access to exclusives officially on the market or offered privately and actual sales prices of all condominiums in the last five years
- Comparison and interpretation of recent sales data and sales histories of specific properties
- Evaluation of risk diversification opportunities
- Sixth Sense - an indispensable tool developed through years of experience, during various economic cycles, that allow us to target what our clients are requesting
AcquisitionReal estate procedures in the United States are different from Italy. In general, real estate sales in the United States are through a contract (registered deed) and not by way of a public deed. The role of the notary is carried out by the buyer’s attorney, the seller’s attorney and private title insurance companies that deal with all the necessary certified registrations that ensure the full and free ownership of the purchased property. Another unique characteristic of New York condominium buildings is the right of the first refusal on sales of the apartment by the condominium corporation at each building. Although this right is rarely exercised, the buyer must obtain a formal waiver of first refusal by the representative of the condominium in order to proceed with the purchase. This is one of the many services Vivaldi offers, something that is particularly helpful to buyers who live overseas and need on-site assistance during what is often a demanding purchasing process. Our service ensures that transactions take place smoothly and clearly, step by step. More importantly, it gives our customers maximum protection and peace of mind.
- Precise information on costs, fees, timing and procedures involved in the navigating of the buying process
- A selected list to choose from of tax consultants, law firms, insurance companies, mortgage brokers, banks, architects, designers, craftsmen and urban planning specialist – all of proven professionalism (and Italian-speaking upon request)
ManagementOnce the purchase is complete, Vivaldi offers full on-site management services. This frees the home buyer from the time consuming problems of long-distance real estate management in an unfamiliar market. Our office functions as your New York staff. If you intend to rent your property, you can count on us to advertise the property, make viewing appointments with potential tenants and brokers and to make sure the potential tenant is qualified. We also handle rent collections, payment of utilities, insurance and real estate taxes, and can put you in touch, if needed, with Italian speaking accountants accustomed to working with our customers. In addition, we assist in coordinating all construction work from small handyman jobs to professional restoration sized jobs. These assignments are given, upon the approval of our client, to trustworthy and proven craftsmen and companies we are familiar with and at very competitive rates.
- Selection of qualified tenants and property management. Through our institutional contacts and experience with highly effective marketing techniques, we will rent the property after a careful screening of potential tenants through personal interviews as well as appropriate credit and bank checks
- Local representation in the regular management and collection of rents, payment of common charges and local real estate taxes, management of the dedicated bank account, selection and payment of insurance, relationship with the condominium. We also provide payment of bills and fees, repairs and quick response to emergencies
- Periodic reporting with which one can maintain control over the management of one’s property. In addition, we will provide the U.S. accountant as well as Italian tax professionals with all relevant documents for the preparation of tax returns
- Renovation of your apartment – Whether it’s replacing kitchen appliances or gut renovating an entire apartment, Vivaldi assists its clients every step of the way. We will refer clients to professionals and design businesses depending on the customer’s budget and taste and then Vivaldi will act as a project manager to ensure the work is completed on time and within the agreed upon budget
- Sales Program: Advice on optimal timing of the year for putting the property on the market, selection of suitable advertising channels, price analysis that allows the optimal selling price, reciprocal agreements with the major sales agencies, photo shoots, creating an internet presence and buying of the most effective advertising space.
- Local Representation: Organizing visits by brokers and buyers for property viewing, negotiating support, communicating with potential buyers and their representatives especially brokers and lawyers and guidance and preparation of applications and forms required during the sale process.