Hamptons Realtors Set Up Auctions for Homes

Two high-end realtors in New York's tony Hamptons community are tackling the moribund market head-on by putting 16 of their most extravagant properties up for auction online at a fraction of their original list prices. "The deals we have right now are better than anything else on the market," said Enzo Morabito, a 28-year industry veteran who is a broker at Prudential Douglas Elliman Real Estate in Southampton. Morabito and his business partner, fellow Elliman broker Vincent Horcasitas, said...Full Story
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