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Ken Griffin Net Worth: Billionaire Sells Waldorf Astoria Condo for $16 Million

Billionaire Ken Griffin recently sold his Waldorf Astoria condo unit for the same price he bought it at $16 million

Real Estate Tips: What Is DOM And How It Affects The Home's Sale

DOM or Days On Market is the dreaded question home sellers may not want to discuss. Days on Market is a term used by listing sites referring to the number of days a certain property has been placed on the market. The metric covers the entire time the property has been put on sale to the time the property deal has been closed.

Real Estate Tips: What Is An Option Period?

In a real estate transaction, buyers are given a specific amount of time between the creation of the contract and the finalization of the transaction. This time is typically used by buyers to inspect the property and decide whether to move forward with the sale or not. The idea behind the so called Option Period is to give the buyer a chance to assess whether he/she wants to buy the property, without actually losing the property to another competing buyer. Some desperate buyers even offer a shorter option period simply to be prioritized by sellers.