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Latest From Blog

  • The property market is a very competitive place, with so many houses currently on the market it can be hard to show off your agency in a way that sets them apart from their competitors. In order to get ahead in the property market, you will need to make sure that you are doing everything you can to market your properties in a way that encourages people to go through with a sale. There are simple things you can do to achieve this including making sure the houses are clean and presented in a professional manner.

     

    Marketing

    One of the best ways to attract more people to consider buying a property from you would be to advertise through social media, by simply creating a free to use an account on one of the top platforms, you can directly advertise properties that you have available to people in need of them. Through the power of social media, you are able to reach a large number of prospective clients as well as having a communication platform to set up meetings and house viewings.

     

    Presentation

    How you present your homes is one of the biggest factors in persuading a client to buy the property, if you were to leave the home without decorative touches like flowers, cushions, and furniture, you are much less likely to be successful compared to someone who helps the clients see the potential of the house. It is about making your client see themselves living there, by including home comforts you are helping them gauge what it would be like as well as conveying your professionalism. Particularly when hosting an open house event where many people will be shown around the property, you should be making the effort as small details like this are what is going to set you apart from the competition.

     

    Contacts

    If you find that a property is on the market for too long and the prospect of making a sale is drifting away, it may be a good idea to start making inquiries within your contacts. As a realtor or estate agent, you should have acquired a pretty lengthy contact list within the housing world. Contacts like potential clients, other estate agents or housing companies, contractors, and advertising contacts would be particularly useful, anyone who is able to help spread the word about your property is going to be very helpful in increasing the chances of getting you that sale.

     

    Open House

    A great way to get ahead on the property market and increase your sales statistics would be to host an open house, these events are a great way to drum up a lot of interest in regards to your property. Hosting an open house is often more cost-effective than showing people individually, you are able to put extra resources into one day where you can show off the property to a large number of people. These events are great for your company’s image and the fact that they often result in a quick sale is a great added bonus.

     

    Leads

    It is common practice within this industry for realtors to invest in exclusive mortgage leads, this is often used as a last resort for properties that are seemingly struggling to sell. A realtor is able to purchase genuine leads for people in need of certain types of properties, this small fee is worth every penny if the lead is successful and they buy the house from you. This tactic is a great way to increase sales and get ahead in the property market.

     

    Maintenance and Redecorating

    As previously mentioned the presentation of the property you are selling is vital in getting a sale, this also applies to the maintenance of the home and you should ensure that everything is up to scratch prior to showing people the property. You should make sure that all of the facilities have been safety checked so that you are able to put prospective buyers at ease.

     

    If you find that property if struggling to sell it may be a good idea to think about upgrading the house’s decoration, by giving the place a new lease of life you may find a peak in interest.

  • The prospect of buying your first home is a daunting one. There is so much to consider. Moving logistics. Bills and maintenance. Decoration, bin dates, plumbing, and electrical installations. Not to mention wi-fi, TV, and other luxury technologies you might want to install.

    But all of that is superficial to the biggest, and most pressing issue. Finance. How are you going to afford your first home? The property market saw a massive crash some years ago and it has never fully recovered. Gone are the days of getting a home for a few thousand dollars. Now, owning a home seems like a far-off dream to so many people.

    And it is at this point you are faced with the daunting prospect of getting a Mortgage. But what exactly is a mortgage? How do they work? And should you get one? Allow us to dive into these questions and help you make this decision.

     

    What Is It?

    To put it simply a Mortgage is a loan designed specifically for you to buy a property. The main difference is you never get the money, rather the bank directly pays the real estate agency for the property. To that end, the house you live in is yours, but very technically it belongs to the bank.

    This is a very important distinction to be aware of. This is the loophole that allows a bank to foreclose and repossess your possession if you continually fail to make mortgage repayments. Banks make money off loans and mortgages, and if you aren’t paying them, they will make back their money off your stuff.

    Don’t panic though. Mortgage repayments are a lot nicer than typical loan repayments. For one, the bank never sets a time frame for you to fully pay it. In theory, you could spend the rest of your life paying off your mortgage as it accumulates interest continually. The bank wants you to pay it slowly, so they get more of you in the long run.

    But this means they are willing to work with you to create a repayment plan that fits your budget.

     

    Mortgage Brokers

    This might not seem important but is it vital you find out what mortgage brokers actually do so you can better understand their tricks and techniques. You don’t want to sign yourself up for a mortgage scheme that will cripple you financially.

    Mortgage brokers are the middlemen. They are as many salespeople as they are bankers. They want to sell you the best package they can, to make the most money out of you. So, make sure you are well equipped with some negotiation tricks and keep a clear, focused head when you go to negotiate.

    Mortgage brokers will sweet talk you. They will try convincing you that owning a home is the best thing on the planet. Much like a real estate agent, they are master convincers.

     

    Should you get one?

    This is the big question. Should you get a mortgage?

    This question might seem simple. If you want a house and can’t afford to buy it outright, then, of course, you will want a mortgage. But the question goes deeper than that. Should you even be buying a home?

    There are a number of factors to consider. The main one being income. Are you earning enough and consistently to afford mortgage repayments? Keep in mind this is on top of all your other expenditures. Unlike renting an apartment, no bills are included in your mortgage. It is still your responsibility to fund everything. So if you aren’t going to earn enough in the long run, maybe you should consider renting.

    Secondly, you need to look at the housing market. You might not think you will ever sell your home, but things change. The area could change and you might not want to stay. The house could encounter issues or an accident could leave you with bad memories of the house.

    But with the current state of the housing market, you might find yourself unable to sell. Or, if you can, you might make a loss on your original investment of the property. This can be devastating.

    So you will need to do a lot of research. You will want to know how popular units similar to your home are. This will help you better know what homes are worth investing in. You will also need to know how well properties sell in the area you are considering moving to. In real estate, location is everything. So an unpopular area will, of course, put off potential buyers and make it more difficult to shift the property.

    Overall, buying your first home is an exciting experience. But it is a huge commitment and one that can’t be undone easily. So take your time to consider if this is the right step for you.

  • We often get asked what is the most secure investment to make is. And our answer often surprises people. Everyone expects us to say property. But this is far from the truth. The safest investment, we think, would be to simply invest in a sure thing company. Apple, Google, Coke. While you wouldn’t see much return unless you were investing big, they are never going to tank and leave you broke.

    But real estate has been proven to be a potentially violate industry. So how did it get this reputation as being such a safe investment?

    We spoke to some experts from pillar wealth management about the real estate market and why people seem to flock to it. Their research showed people have seemingly confused the idea of a safe investment with a good investment.

    This is the key distinction. Buying a property is always a good investment. And a lot of high-end spenders like to buy property because it has a lot of risks attached to it. But we are going to break these risks down and also explain how you can better manage them. All in the interest of helping you climb your way up the property ladder.

     

    The Location Risk

    You will have heard the expression that everything in real estate is Location, Location, Location. And this is true. A property is only worth as much as the area it is located in. Buy a section of land surrounded by landfill sites, you can expect it to be cheap and sell for less. Buy a luxury condo by the beach in Hollywood, you stand to make a small fortune.

    But the location risk isn’t as clear cut as that. There are a lot of mitigating factors to consider. The first being stability. This has a double meaning to it. You have to consider if the land you are buying is prone to earthquakes or if the ground is stable enough. Sinkholes are a major issue for construction projects and residential areas.

    It is worth paying for a full geological assessment to be made of your land.

    The second meaning is how stable the area around it is socially, economically, and politically. To check this you will need to tour the area. Speak to locals and business owners. Has there been an increase in crime? Are businesses making a profit? Are more chain companies moving in?

    All of these factors will tell you if the area is going to be a good place to invest in. As the quality of life increases, so does the value of your property.

     

    The Construction Risk

    It is all too easy to run in guns blazing and put down a deposit on a new house or an empty plot of land. Maybe you are looking to nab a cheap property and fully refurbish it. This is one of the biggest killers of real estate dreams.

    Firstly, if you are buying land, you need to make sure the land can be built on physically. This circles back to the stability issue. But you also need to obtain planning permission from the city or state government. This can be a long and exhausting process. So it can be wise to make sure you have permission in advance.

    Secondly, you need to budget properly. Most construction projects or home refurbishments will go over in the spending. There are always unforeseen complications or issues that arise during work that will cause setbacks or push your budget to its limits.

    If you don’t take all this into consideration, you could find yourself out of money very quickly. Having to stop a project midway through due to financial issues is heartbreaking. So make sure you are planning ahead.

    You will also need to make sure you are hiring the right people. Contractors or construction firms are a necessary part of any real estate construction project. Hiring a dud team that will over-spend and under-perform is obviously not a good idea. So, do your research into what firm will work best for you.

     

    The Renter Risk

     

    One of the biggest headaches for anyone renting out property is nightmare tenants. We have all seen the stories online. Tennents making an unholy and disgusting mess. Tennants being violent or refusing to leave when the tenancy is up. Raucous parties and property damage constantly.

    Of course, these cases are rarer than they are common. But it still stands you need to be prepared for it if you are a landlord. And you might be thinking there is no way to mitigate this risk. You would be wrong.

    The first step to controlling Renter Risk is to establish a strong background check and interview process when finding tenants. You might think this is going to deter people from wanting to live in your property but that isn’t true. The extra control offered by these steps is often a great sign for potential renters. And these renters are often the ones you want to live there.

    Anyone who is scared off by these checks is, most likely, not someone you want around.

    You need to make sure all your contracts are ironclad and have a lot of provisions to protect yourself against paying out for unjust property damage or squatters. We would recommend hiring a team of professional lawyers to make sure everything is done properly and to great effect.

  • When it comes to selling your home it is important that you appeal to your clients by making certain parts of the property appeal to what they are looking for in their new home. If you want to increase the chances of you making a sale it would be a good idea to talk to your clients about the style of home they would like to live in, of course, you are not going to be able to change everything to suit their desires but by adding simple touches and showing that you have listened, you could sway their decision in your favor.

     

    Kitchen

    The kitchen is arguably one of the most important rooms in the house, it is a place where families spend time together and prepare daily meals. If you are selling to a family it would be a good idea to market the kitchen in a way that appeals to families and showing your clients that this can be a child-friendly area of the home. If you want to really go the extra mile you could invest in some decorative fruits and flowers to add a splash of color and make your clients see the potential of this important room in the house.

     

    Garden

    The garden is another part of the house that you should take particular care with the way in which you present it to prospective buyers, for many people looking to buy a new property having a garden is a huge selling point so you should do your best to ensure the garden is looking neat and tidy prior to showing any clients around the place. Especially for families who have children, it is likely that they are going to want an outdoor area that is large and safe so that the buyers can have peace of mind for their families’ safety. If you have expendable funding you may also want to think about renovating the garden to help make the property sellable, mycozybackyard.com has everything you need to help transform any garden into a gorgeous leisure space that any family can enjoy.

     

    Bedrooms

    Ensuring the bedrooms are presented to buyers nicely is one of the most important things you can do to help sell your house, the bedroom is a very important part of any family home and it is vital that every family member has space and privacy they need. If you want to increase the chances of your clients going ahead with a sale then you should use any information regarding their likes and style preferences and apply them to the bedrooms, adding a personal touch to the rooms is a great way to help the buyers envisage themselves living there and will also help you to complete the ultimate goal of getting a sale.

     

    Bathroom

    The final area of the home that definitely needs your attention before you show people around the home would have to be the bathroom, you will find that people are very specific when it comes to their bathrooms so be sure to check on what your client looks for in a good bathroom prior to showing them around. It is very important that you take the time to make sure the bathroom is as clean as possible as avoiding doing this could seriously impact the chances of you selling. Renovating the bathroom would be a good idea to increase the value of the property and is a very useful tool for encouraging clients to go through with a sale.

  • Managing inherited real estate can be a difficult occupation, especially when families are involved you have to maintain a strictly professional attitude, and ensure that you remain neutral in a situation that can often turn aggressive. In the unfortunate event of a death in the family, it is usually stated in a will where the authority in the family will lie in terms of looking after any assets, when this is not disclosed it can become difficult to know who is entitled to what. Of course, where money and property are involved people can become very aggressive so it is important you do your best to remain impartial, and that you try your best to resolve the situation.

     

    Establishing Authority

    If you have been tasked with the management of inherited property then you should do your best to look after the home in a way that is respectful to the deceased’s family as well as keeping everything to a high standard within the house. Especially when it comes to larger properties that require a lot of housekeeping and maintenance you will have to ensure the necessary steps have been taken in order to properly look after the house. You will need to be discrete enough to put these steps into place without bothering the family when they are going through the trauma of death. It is down to you to look after the property whilst the family decides what they are going to do and with many people finding it hard to know what you should do when someone dies, you could be in charge for a while.

     

    House Management

    If you have been put in charge of a large property you may need to enquire about hiring staff to work around the house, depending on whether or not the house has residents will decide how many members of staff you require. It would be a good idea to hire a few housekeepers to keep the property looking fresh, someone to work in the kitchens, and somebody who can carry out maintenance jobs and do things like gardening. If you feel that staff is required it is your responsibility to find these staff members and put them through the employment process. Remember to consult the family before you go ahead with any decisions but make sure that you are not pestering them and that you are showing initiative.

     

    Maintaining the Property

    In the early stages of your time managing the house it is important that you are respectful towards the family and their grief, they will not appreciate being pestered for help with managing the estate. It is vital that you show you are responsible enough to be trusted with looking after the property, if you need staff they should be hired and the house should be maintained to a high standard.  Make sure that everything is kept on top of in terms of cleaning and house maintenance, this will maintain your professional reputation and show the family that you can handle the responsibility of managing a large estate.

     

     

    Future of the Property

    Depending on what the family decides they wish to do with the property you could be asked to stay on as the property manager and oversee future events at the house. This is a great opportunity and as a house manager, your responsibilities are only going to increase. In the future you could see a whole host of different events being held and by showing you can be responsible at a time where the family is in mourning, you are increasing your chances of being trusted in the future with bigger events.

     

    This job role can be a lot more than just making sure everything is clean and tidy, you will be in charge of any staff working on the property, it will be your job to make sure any events are running smoothly and that any issues are resolved. If you are working on a larger estate you will also have to consider things like security and parking and be a coordinator for the onsite team of staff. There is a lot going on for the estate manager, but it is a rewarding position with plenty of opportunities to show off your management skills.

  • Moving home can be a strenuous and stressful experience, so when the time comes that you finally outgrow your current living arrangement, you may be hesitant to look for other properties. However, you can only avoid the inevitable move for so long. The main issue that people have when it comes to moving house is that they simply don’t know where to start. Taking the first steps in the moving process can be daunting, but when they are done currently, the rest of the steps will appear to fall easily into place.

     

    You can ask around and try and get your friends and family’s opinions on what you need to know about moving, but more often than not these separate opinions are bound to be conflicting and you may once again find yourself lost. If you can relate to these issues, you may be at a loss with the stress of your moving experience. However, do not worry. Here is a short but helpful guide on what you really need to know when you start the moving process.

     

    Dates

    When you move house you are going to have to be clever when arranging dates for specific activities. You need to find a moving company that is available on the day you’re going to move in and you also have to make sure that you are available on these dates. This is something that people don’t really take into consideration when they start the moving process and because of this, there is often a hitch in the road. The best way to combat this would be to keep a diary where you can keep all of your important move-in date details on. For example, what day is the internet due to being installed? When will your water be up and running? Knowing these important dates can make the moving experience way easier.

     

    Moving company

    You may be the kind of person that is set on completing the moving process single-handedly or with the help of friends, but this can make the moving process much harder. This is especially the case if you are someone who works a lot or has a family that they need to care for. Hiring a moving company may be the best decision that you make as they will take care of all of the hard work for you. A lot of popular companies, such as The House Guys, don’t just move your items. They also take the extra step to pack your belongings and make sure that everything is secure before you move. Using a moving company also means that you don’t have to go to the extra effort of finding a vehicle to move your possessions in. More often than not your everyday car is not going to be enough to take all of your items in one move and so by using a moving company, you also have access to their removal van which will be able to take your belongings in a single trip.

     

    Sorting through your belongings

    When we live in a certain place for a long time, it is easy to hoard hundreds of items that are never used or even thought about. Before you move, it is imperative that you sort through all of your belongings to ensure that you are not just bringing useless rubbish to your new home. Throwing away large quantities of the stuff can also be really cathartic, so we recommend you do this before you start your new life in your brand new home.

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