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Halstead Launches Program to Help Investors in Current Buyers Market

By Anuradha Kher, Online News Editor

In an economy in which an increasing number of buyers want to take advantage of falling property prices and invest in real estate, Halstead Property has created a new full-service program called Halstead360 that aims to be a resource for investors planning to buy, manage, lease and sell their property.

“We noticed two trends in the market that will also benefit from Halstead 360: investors taking advantage of the current buyers market and owners looking to maximize their current investments,” says Diane M. Ramirez, president of Halstead.

Halstead360 offers three services:

• Residential Real Estate Brokerage Services as needed from start to finish;
• Individual Unit Property Management serviced by a dedicated property manager who performs all aspects of supervising the investment property such as rent collection and bill payments to leasing preparation; and
• Access to the Halstead Partners Network such as tax and legal advisors who can advise and provide insight on the most advantageous way to structure the purchase; or mortgage partners who offer multiple products that fit the needs of investor clients, for both U.S. citizens and non-residents.

“After someone in Germany or California purchases a unit in New York, the next questions are now what? Who’s keeping an eye on it and what do I do with it?” Sharon Michnay, director of corporate business development, tells MHN. “We act as advocates for people who don’t want to put up with hassles.”  Ramirez adds, “We saw an opportunity to leverage our experience and resources to truly help our local, national and international investor clients with a one-stop service. In particular, our international investors needed customized services outside the standard real estate brokerage such as an international mortgage lender or a specialized attorney.”

The program currently has approximately 15 to 20 clients.

Post Date: 3/9/2009

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