Condo.com CEO Richard Swerdlow NBC6 Auction Interview
CEO of Condo.com, Richard Swerdlow Interviewed on Comcast Newsmakers
Condo.com's CEO Richard Swerdlow Interviews for Comcast Newsmakers Watch the Video
Richard Swerdlow Interviewed on Channel 10 - News
Richard Swerdlow as Interviewed on Channel 10 (ABC) interview Watch the Video
Fox and Friends Interview - News
Richard Swerdlow as interviewed on Fox and Friends, Sunday morning August 19, 2007 - Fox and Friends Interview with Richard Swerdlow on the condo market.Watch the Video
DomainSherpa.com Interviews Richard Swerdlow - CEO of Condo.com, Houses.com & Property.com
November 8, 2011
Richard Swerdlow, CEO of Condo.com
was interviewed by DomainSherpa.com, a site focused on helping investors build wealth with domain names. Richard shared his expertise and strategy used to build leading online real estate portals through the acquisition and development of three category-domain name killers.Watch Full Interview
National Real Estate Auction Radio
April 1, 2011
Richard Swerdlow, CEO of Condo.com and Houses.com, was the featured guest on the National Real Estate Auction Radio show broadcasted live from WFOY 1240 AM Studios in St. Augustine, FL. Richard spoke about current market conditions in Florida stating that home sales were up by 40% in February compared to last year. He highlights the impact of such activity experienced on both leading real estate sites, Condo.com and Houses.com, as combined site traffic reached 1.5 million monthly unique visitors. With many cost-effective advertising programs for all seller types, Richard explains how auctioneers specifically, can now benefit from marketing post-auction inventory on the site. Read Full Article
Listen to Audio on YouTube
Richard Swerdlow Comments for The Record of New JerseyMay 24, 2010
Richard Swerdlow, CEO of Condo.com, is quoted on North Jersey's real estate story covering Trump Plaza's parking promotion. He states: "the developer is using free parking as an incentive." Furthermore, "It's important to be aware that the developer has a limited number of parking spaces. Buyers need to understand what is being deeded to them," said Swerdlow.
The Record- 'Almost New' The Ticket For Condos
May 16, 2010Read Full Article
The Record of New Jersey interviews Richard Swerdlow, CEO and Founder of Condo.com, on the demand for "new" versus "almost- new condos."
The Real Deal Interviews Richard Swerdlow, CEO of Condo.com
April 27, 2010Read Full Article
The former real estate developer, Richard Swerdlow, CEO of Condo.com, talks about how an early prediction about the real estate crash led to the world's largest condo database.
San Francisco Chronicle- Be Wary of Buying Into Homeowner Association
September 27, 2009
It has always been wise to take extra care when buying a house or apartment in a community governed by its owners.Read Full Article
Florida Real Estate- Life Among the Toxic Assets
April 22, 2009
If you do plan to vacation in Florida this year, take time to search the Internet for condos available. Why spend your time in a hotel room when for the same price you can probably find a two or three bedroom condo? Condo.com is one good place to start.Read Full Article
The Real Estate Bloggers- Intelligent Way Of Fixing the Condo Surplus
Feb. 5, 2009
Right now the market is a mess. Sellers paid too much and want to get their money out, and buyers know that almost everything out there is overpriced. Developers do not want to lower prices and face the earlier buyers who now feel overcharged. Read Full Article
MSNBC- Leading Real Estate Forces Team Up to Move Condo Inventory Surplus - Going, Going... Gone!
Feb. 4, 2009
"This partnership is extremely exciting for us and creates a huge opportunity to help unclog the vast amounts of inventory that exists in the condo real estate marketplace. Our online marketing expertise and massive consumer web traffic, combined with AmeriBid's auction expertise and real estate portfolios from leading institutions, creates a powerful formula for online auction success," stated Richard Swerdlow, CEO of Condo.com. Read Full Article
Business Week - The Worst U.S. Condo Markets
October 22, 2008
"It’s classic microeconomics of supply and demand," says Richard Swerdlow, chief executive and founder of Condo.com in Coconut Grove, Fla. "In a lot of these markets, there was massive over-development." Read Full Article
Real Estate Radio USA
September 24, 2008
On today’s show we talked about the latest in real estate news including the interview Mad Money’s Jim Cramer did with MSNBC’s Morning Joe. We also spoke with the “Queen of Short Sales”, Dwan Twyford from the Investor’s Edge University, and Richard Swerdlow from Condo.com. All of this and more on this episode of Real Estate Radio USA.Listen to Audio Clip
MiamiHerald.com - MORTGAGE CRISIS - Would-be home buyers find mortgages are out of reach
August 27, 2008
The difficulty in lending for some buildings is worsening a bad situation. Condo associations are behind budget and must raise assessments to cover costs, increasing the financial strain on unit owners.
That risk of special assessments being unexpectedly levied on borrowers puts off lenders as well, said Read Full Article
Richard Swerdlow, chief executive of Condos.com, because it could affect their ability to pay their mortgages.
Inman - FrontDoor.com tops 3 million listings
July 21, 2008
FrontDoor.com, the real estate Web site powered by HGTV, announced on Friday it has more than 3 million listings of homes for sale across the country, approximately the same amount that Realtor.com boasts.
After launching in late 2007 with partner listings from Realogy Corp. and Leading Real Estate Companies of the World, FrontDoor.com has added additional listings partners with Condo.com, Prudential Real Estate, Locale and Keller Williams, and has also formed direct relationships with agents and brokers.Read Full Article
Inman - Condo.com partners with HGTV's Frontdoor.com
July 11, 2008
Condo.com, a site that lists condos for sale in more than 70 countries, on Thursday announced its listings will now appear on HGTV's Frontdoor.com through a new partnership. The agreement aims to give Condo.com listings increased presence through FrontDoor.com's various media outlets, primarily on the popular HGTV and DIY network, as well as its Internet site.Read Full Article
Real Estate Radio USA
July 11, 2008Listen to Audio Clip
NY Daily News - Renting an apartment is often a smart, affordable option
July 8, 2008
With home sales continuing to decline, many sellers are reluctant to jump back into the real-estate market. They prefer to wait for the market to hit rock bottom, which still may be a year or two off. And in that interim, they discover – or rediscover – how carefree and inexpensive renting can be versus the American dream of homeownership.
But to make it go smoothly, it's best to take your time, just as you do with the purchase of a home.Read Full Article
The Real Deal - Debating a rising dollar's effect on South Florida
July 01, 2008
The dollar is coming off its most significant rally in the past several months against the euro.
Still, the long-term prospects for the U.S. dollar are good, as a weak dollar is negatively impacting much of the world's trade and steps are being considered to stimulate the greenback.
How would a rising dollar impact the South Florida real estate market? Real estate professionals have mixed impressions. Read Full Article
KION AM - Real Estate Overview
May 26, 2008Listen to Audio Clip
GlobeSt.com - Condo.com Forms New Division to Assist Lenders
May 27, 2008
MIAMI-Condo.com, an online marketplace that lists over 600,000 condos, has formed a financial institution brokerage and marketing division in an effort to assist lenders with asset management and dispositions. The site will reach out to institutional owners and lenders through its new institutional services group led by James L. Fried, president of Miami-based Sandstone Realty Advisors.Read Full Article
The Real Deal - Condo.com launches division to service struggling lenders
May 23, 2008
With South Florida's condominium market in sharp decline, the local industry is looking for a new angle on sales. Condo.com, a condominium marketplace with inventory listings valued at more than $150 billion, is stepping up with a new scheme it hopes will spark new deals in this ailing market.
Condo.com has formed a financial institutional brokerage and marketing division to assist struggling lenders with asset management and dispositions. The new division promises institutional lenders a range of services, including asset preservation, pre-foreclosure evaluations, project repositioning, asset and property management and financial restructuring services. Read Full Article
Daily Business Review - Community Banks: Foreclosures
May 08, 2008
Richard Swerdlow, founder and chief executive of Condo.com, an online clearinghouse for condominium projects that boasts 500,000 listings, said lenders to troubled condo projects want to see if the contracts are actually going to close and how many people are going to walk away from their deposits. “Then they’ll know, ‘Look, we’ve got a problem on our hands so let’s not continue to extend the loan to the developer, let’s actually foreclose and take the assets back.’”Read Full Article
Multi Housing News - Q&A with CEO of Condo.com
May 08, 2008
Richard Swerdlow, CEO, founded Condo.com (formerly US Condo Exchange) in 2005 and is responsible for the company's strategic direction and operations. Previously, he founded Everything Wireless, the first consumer cataloger and Internet retailer, which provided national distribution of wireless phones and accessories. The company grew to $100 million in revenues. Read Full Article
IstockAnalyst - Florida Condos being Snapped Up by the Smart Money
By: Investing From The Right
The Related Group under CEO Jorge Perez has put together a $1b fund to buy South Florida condominiums. Perez isn't alone. Another South Florida-based developer, Sky Development, has launched Sky Real Estate Fund 1, a $300m entity to buy distressed properties in numerous US cities. Yizhak Toledano, founder and CEO of Sky is leveraging personal contacts and overseas investors to participate in his fund. The firm anticipates amassing a portfolio in excess of $1b of commercial and residential properties.Read Full Article
Entrepreneur.com - 2008 Hot List - Keep Your Eyes On...
These are areas to watch in the future. Boomers heading for the city: If you're seeking an affluent, concentrated market, get ready to embrace the growing number of city slickers. According to Property & Portfolio Research Inc. and Reed Construction Data, urban high-rises and condos are sprouting up all over--this year, there were 18,586 new condos in Miami alone and 10,875 in San Diego--combining luxurious amenities with the convenience of downtown living. Career-minded boomers looking to downsize their living spaces are a natural fit. "The rising cost of fuel, length of commutes and desire to live more efficiently are driving baby boomers to urban centers," says Richard Swerdlow, CEO of Condo.com. Read Full Article
Inman News - CThe housing market: How bad will it get?
By: Glenn Roberts Jr.
Speculation, rampant building, risky loans, overborrowing and escalating prices propelled the housing market to an unprecedented peak -- and are now counted among its greatest failings.
The "soft landing" that so many analysts and economists had predicted has given way to a record number of foreclosures, an implosion in the subprime lending market, an oversupply of housing, and home-price declines in many market areas. The dreamy days of the housing boom have received a cold slap of reality.Read Full Article
Big Builder Online - Click to Close: US Condo Exchange
By: Teresa Burney
It was a "You got your peanutbutter in my chocolate" moment, Last summer the Miami Herald's director of classified advertising took a look at US Condo Exchange's Internet portal for selling condominiumsand knew they'd be great partners, somehow.Read Full Article
Commercial Property News - Condo Marketing Set to Evolve with Cooling Market
By: Colleen Corley
Concessions are being shaved left and right from the apartment market, which had been forced to concede monthly rents and other perks to gain tenants after occupancies shrank because of the condo craze. But it seems that the roles are beginning to reverse, panelists explained during the Marketing Strategies for Success panel at CPN's Condominium Summit in Fort Lauderdale, Fla. yesterday, which was co-presented by sister publication Multi-Housing News. Read Full Article
Information Week - Capital Ideas From The Internet
By: Eric Chabrow
Dozens of financiers seeking to profit from new technology ventures crowd into a sun-drenched suite at the law firm of Morrison & Foerster 39 floors above midtown Manhattan. Standing behind a lectern in front of the room, pointing to a PowerPoint presentation partially washed out by the sun's glare, James Haft has just 15 minutes to persuade these investors to fund his nascent venture. The fact that the core business of the startup--U.S. Condo Exchange, or USCondex--is selling condos doesn't seem to bother the crowd of angel investors and venture capitalists looking to make money off of IT. Read Full Article
Business Wire - USCONDEX Condos Now Showcased on Leading British Online Real Estate Site
The U.S. Condo Exchange ("USCONDEX"), http://www.uscondex.com, the online marketplace where condos can be researched, negotiated and purchased in real time 24-hours a day from anywhere in the world, today announced that its condos will now be featured on http://www.primelocation.com, the UK's leading property website. Primelocation will showcase USCONDEX listings to its 850,000 potential buyers each month, simultaneously with the condos' listings on USCONDEX. Read Full Article
All Business - U.S. Condo Exchange makes letting information Real Simple.
The U.S. Condo Exchange announced that in its quest to provide every conceivable type of condo information to potential buyers and sellers of condominiums, it has added Real Simple Syndication technology to its website. The technology, one of the hottest features overtaking the Internet lately, allows for USCONDEX to be an aggregator of "all things condo" in the news, taking condo... Read Full Article
Inman News - Online condo marketplace expands in Florida
By: Inman News
U.S. Condo Exchange has added more than $1.5 billion of Orlando and Tampa Bay condominiums to its online condo marketplace, the company said today.
The addition marks the second phase of the company's national rollout.
The exchangeis dedicated to condominium sales and purchases in the United States. It brings together buyers, sellers, brokers and developers in a central marketplace where condos can be researched, negotiated and purchased online.
The exchange launched this past summer with an initial focus on South Florida. The Orlando and Tampa/St. Petersburg areas represent the next phase of the exchange's nationwide rollout. More than 5,000 condo listings in those regions can now be purchased via the site. Read Full Article
MSNBC - Condo craze moving online
By: Scott Wapner
U.S. Condo Exchange, another recently launched real estate Web site, bills itself as real estate’s version of Ebay. The Web site is more than a listing service — you can purchase a condo online — and it already has a handful of listings. It costs $150 a month to post properties on the site.
U.S. Condo Exchange CEO Richard Swerdlow, a real estate developer, says the Web site was designed as a transparent marketplace where buyers, sellers, brokers and developers can transact business. And it will work no matter what the housing market does.Read Full Article
Palm Beach Post - New Web site claims corner on South Fla. condo market
A new Web site that bills itself as the "eBay of the condominium market" has been launched with about $5 billion in South Florida inventory, including listings in West Palm Beach and Riviera Beach.
The U.S. Condo Exchange at www.uscondex.com is operated by Coconut Grove developer Swerdlow Group and New York-based Pacific Alliance, a merchant bank that specializes in technology.
Listings include more than 100 condo units for sale in Palm Beach County, from a $50,000 one-bedroom one-bath unit in Century Village to luxury waterfront condos costing millions of dollars.
The Web site intends to be "disruptive to existing real estate channels," company execs say, by giving individual buyers and sellers access to each other without an intermediary.
The site lets buyers search by city, ZIP code or condominium name, and will add rentals soon. Other parts of the site let developers market entire properties. Fees are based on a sliding scale, with individual condo listings costing under $500 and entire buildings costing about $10 per unit.
The exchange plans to expand to Las Vegas soon, followed by 10 other U.S. markets, including New York and Southern California. The Condo Exchange also is looking for partners in Europe, Asia and Latin America, Chief Executive Richard Swerdlow said.
Condo Living: You Can Get it For Fees
By: Lynn Thorne
CORY PORTER WAS FED UP with writing rent checks every month. The 30-year-old public relations professional at Sage Communications in Vienna, Va., decided he was ready to buy a condo.
But when he mentioned his plan to friends and co-workers, they reminded him about one of the most important things to consider when thinking of going condo: How much are the monthly fees, and what will they get you?
"Initially, they weren't even on my radar," says Porter. He ended up searching for 14 months before buying a two-bedroom, two-bathroom condo in the Rhapsody building near the U Street corridor in D.C. in January 2007. Part of what motivated him were reasonable — by local standards — dues of $350 per month, which include some utilities, building upkeep, a rooftop deck, an on-site gym and other niceties.
"I have to admit I was taken aback by the amount people paid in fees overall," Porter says. During his hunt, he looked at condos with dues ranging from $285 per month for a one-bedroom condo near Eastern Market to another unit that demanded a whopping $600 per month, which had a comparable asking price and was located only a few blocks away from the abode he ultimately settled on.Read Full Article