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Navigating the Market: Buying and Selling at the Same Time

Monday, October 29, 2018

Working out the logistics of a home purchase and sale individually is hard enough, but the reality is, that most people end up having to do both, and often at the same time! It can seem incredibly overwhelming to prepare your current property for selling, while simultaneously looking for a new house and staying on top of the financial requirements for each. Here’s how to successfully navigate them both and come out on top, with one house sold, and a new house to move into.

Get the Right Agent

Managing this dual process alone is not going to end well, and it will save you a lot of stress – and money – to work through it with a professional. Individuals who try to do the sale and purchase without an agent often end up without the desired end result, or at the very least, a long stressful road to get there. An experienced agent can help navigate each step, preparing you with the necessary documents and financial assistance, while at the same time, advocating on your behalf as both the buyer of your new home and seller of your current property.

Prepare Ahead of Time

Before launching into the home selling process, there are a lot of things you can do to minimize the stress at the time of sale or in the lead up to closing. First, start by depersonalizing your home, boosting your curb appeal, and preparing the home physically for selling. This can be a time-consuming process and trying to do it while also looking for a new home to move into is not idea. Secondly, visit your bank or talk to a broker and make the necessary financial arrangements. This will involve evaluating your current mortgage, and using that to see what your options are for a new property purchase.

Be Timely and Proactive

If there is one thing to adhere to in navigating a sale and purchase at the same time, it is the need to act quickly and keep on top of the process. Fill out forms as they come up and speak to your financial adviser whenever necessary. Speak to your agent and work together to think ahead to each stage of the process, being able to avoid problems before they arise, such as home inspection reports, and home closing provisions. Having an experienced agent will go a long way in making sure you don’t miss any deadlines or forget any details.

While selling and buying are both stressful, and the task of moving is no easy feat, you can make it easier on yourself by working with the right real estate firm. Reach out to Carla at Global Realty and find out how she can help you get through the process hassle free!

 
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The Benefits of Working with a Specialized Real Estate Agent

Tuesday, October 23, 2018

When it comes to selling a home, many people assume they can just hire the closest real estate agent they find or search online and pick the first name that comes up. While it may work, and it may bring you success, optimized selling comes from specialized services. You wouldn’t go to your general practitioner to discuss a hip replacement. Instead, you would seek the services of a specialist: an orthopaedic surgeon. When it comes to real estate, the same thing applies. Find out how a specialist can optimize your selling success.

Regional Knowledge

When you select your agent, it is advisable to choose someone who is from the area and who has their real estate practice tailored to selling homes in the location where you are situated. Doing this allows you to select an agent who is knowledgeable of the area, offering insight into things such as the areas where people are most likely to buy, the price range for the area, and specific details surrounding how the residents buy and sell real estate.

Market Understanding

Part of that regional knowledge is also an understanding of the market and demographic. You need an agent who knows not only the physical area, but also knows a lot about the people that live there. Having an understanding of the age of most residents, their income and occupation, as well as things such as family and marital demographics all come into play when it comes to selling a home. For example, if the agent did not know that most of the people living in the area were retired couples, they may target a lot of millennials looking to buy a home. Likely, millennials would not be interested in buying in an area such as this, and as such, your home sale may not be a success.

Neighborhood Savvy

With regional and demographic knowledge comes the need for knowing the neighborhood. Each neighborhood has their own unique characteristics and traits, as well as a selection of services and amenities. Being aware of these details and what they can offer to prospective homeowners is an important part of home selling success. it is essential to paint a positive and desirable picture of the neighborhood to future owners, and this only happens when you have an agent who knows exactly what that neighbourhood can bring to future residents.

If you want to sell your home and are ready to call in the specialist, don’t delay! Reach out today to Carla at Global Life and see how her specialized skills can get your house on and off the market with the exact results that you are hoping for.

 
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4 Reasons to Consider a Second Home

Sunday, October 14, 2018

4 Reasons to Consider a Second Home

While many people are focused only on saving for their first home, if you’ve reached that goal, there’s more than a few reasons to consider purchasing a second home. Not necessarily the right solution for everyone, here are four reasons why a second home may be a good fit for you.

Future Investment

Having a second home may mean that you use it now only on the weekends. For example, you work in the city and live near the city and then head out to a second country home on the weekends. In the long term, one of these homes can become an investment property for you, an asset which you can sell later or rent out to use as a source of income.

Downsize Later

For many people, it is not about the location of the second home, but the size. Couples with children will often purchase a second home while their kids are still young, as a plan for their future. The second home typically is smaller, with less upkeep and all on one level, providing a good option for downsizing once the kids have moved out. If downsizing is the goal, don’t rush into anything too early, as you may change your mind later on what your downsizing needs are or realize you are happy to stay in your current home.

Tax Incentives

Many people opt to purchase a second home in a place like Florida, where they come spend some of the year there, for example, in the winter. When individuals choose to then leave the home unoccupied during the time that they are not there, and rent it out for two weeks or less per year, there are options for tax deductions which can be observed. While it varies depending on the property and the owner, there are definitely advantages in this regard.

Rental Income

Another advantage financially is that you can use a second property as a source of income, collecting rental income on the property. While considered additional income and not able to offer the same tax incentives as above, it does pose a potentially profitable means of earning extra money. if you are thinking of doing this with your property, be sure to speak to an agent ahead of time to make sure you are allowed to rent the property, and to ensure that it is going to yield you a profit.

Whether you are trying to decide on which home to purchase or trying to decide if a second home is right for you at all, Carla at Global Realty is here for you. Reach out to her today to get started on your real estate dreams.

 
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Tips for Using Digital Marketing to Sell Your Home

Sunday, October 07, 2018

Selling a home today brings with it a whole new series of challenges when it comes to advertising, getting the word out and putting your property in the face of people who are actually going to buy it. It is not enough to simply put a sign out on the front lawn, and it certainly won’t work to solely list it in the newspaper. Instead, it is time to focus on digital marketing. Home owners and agents alike can use a large selection of proven digital techniques and strategies to target an audience, advertise a home and bring in potential. With interest piqued, these buyers will buyers to an open house and seal the deal. Here are some tips to help you out:

  1. Diversify

While digital media is ideal, simply relying on one platform or one method is not going to be that much more effective than just putting up a sign on the street. It is important to advertise your home across several platforms, including social media channels like Facebook and Instagram; on the website of your agent or real estate company, and even through your own website or email. Different markets respond to different platforms and maximizing your chances of being seen is the ultimate goal!

  1. Stay Visual

Many people would prefer to look at images or watch a video far more than read text. Take quality photos of your home and property and have a professional video done touring inside and out. Post these with your advertisement to give insight into what you are offering and to encourage people to come to the open house.

  1. Make it an Event

Speaking of an open house, make an event! Many online platforms such as Facebook and other websites, such as EventBrite allow you to create events, complete with date, location, time and cost. Schedule an open house and create an event on any or all of these online locations and then share it with your community. You can post it on your own social media channels or share the events that the agency creates for your listing and open house through their channels and website.

  1. Keep it Simple

Remember that most people want the important details and the quick version of what they need to know. In a Facebook post for example, don’t get caught up in writing a long description of your property and home, and instead, give the basics and keep it simple. Provide agency links for people to click on who want to know more, or offer a second post with more details.

Selling a home is never easy, and in a competitive market, with many streams of advertising available, it is becoming increasingly difficult. But when you have the right agent on your side and use the right marketing techniques, you can sell your home in no time. Call Carla at Global Life to learn more.

 
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Top Home Remodelling Projects to Tackle

Friday, October 05, 2018

Are you tired of the current look of your home? Are you thinking that one of your rooms just isn’t up to par with the rest of your property? If you find yourself in need of a change, or just wanting to get your house in top shape for selling, these remodeling projects may be the perfect solution!

Create an Outdoor Living Space

With the warm Florida weather, and regular sunshine, having an outdoor area of your property, where you can spend the afternoon, entertain friends or just enjoy with your family is a great way to make the most of your home - especially if you are considering selling in the future. Create an outdoor living oasis by adding a deck area to the backyard. It can be as simple or elaborate as you like, depending on whether you will use it just for sitting or plan to host dinner parties. Make it beautiful by adding plants and greenery, a selection of candles, and purchasing comfy furniture that you can load up with pillows. And don’t forget to throw on some blankets for when it gets cold in the evening.

Spruce up the Bathroom

There are many ways you can give some extra love and attention to your bathroom that will improve the look and feel not only of the bathroom itself, but of the whole house. Start with some paint and modernize the color scheme of the room. If you don’t already have tiles as a backsplash or along the walls, consider if this might be a good fit and what color and style you should choose. Next, update the faucet and hardware on the drawers and doors. Choose faucet and taps that will look modern, and not become outdated too quickly.

Craft a Better Kitchen

If you are like a lot of people, you spend a great deal of your time in the kitchen. From cooking dinner to preparing lunches for work, to the daily breakfast and coffee routine, and maybe even crafting special weekend brunches. Spending a lot of time in a room means you want it to be maximally efficient, while still looking appealing. Start your remodeling project by changing anything in your kitchen that doesn’t work effectively for you. For example, maybe you need a new system for your garbage bins, or maybe you need to install more in-cupboard shelving units to help organize your dishes. Next, think about repainting the kitchen, and adding backsplash tiles above the stove or sink. Adding in an island can also be a great way to create a better kitchen and it is easy to purchase free-standing islands that can become a great addition to your home.

As opposed to renovating, remodeling is less involved, typically less expensive and has a shorter turnaround time. If you find yourself finishing a remodeling project and are thinking about putting your house on the market, be sure to contact Global Life to find out how we can help.

 
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Neighborhood Matters: Choosing the Right Place to Buy Your Home

Tuesday, October 02, 2018

When it comes to purchasing a home finding one at the right price is not the only thing that is important: the location and neighborhood of your home is also vital to making sure you are happy with your purchase. The cost of home-ownership is too big to settle for the wrong location or being in the wrong neighborhood, so consider these factors before you make your choice:

Access to Schools, Services and Resources

Where you work, whether or not you have kids, your need for public transit and many other factors need to be considered when you choose your neighborhood and consider the services and resources it offers. Consider whether your children will be in the school zone for the school you would like them to attend and how easy it will be for you to get to work. Do you need a grocery store and basic necessities nearby? Driving distance or walking distance? These are all important parts of the location of your home and can play a big role in your happiness there down the line.

Ability to Build Relationships

The neighborhood where you live is where you are supposed to feel at home. It is going to be the place where you spend a lot of your time and you want to live there feeling like you can trust the people around you and form friendly relationships with them Before you purchase in a given location, ask your agent about the neighborhood demographics, and who tends to live in the area. Visit the space and walk around, and get a general feel for whether you could build relationships here and feel happy and comfortable, and whether it feels like a good fit for what you need.

Preferred Property Style

Another important consideration for your new home is the type of property you would like to live on. Do you want a home on a large piece of land with a backyard? Are you looking to live in a city, close to the daily hustle and bustle in a condo or high-rise apartment? Alternatively, perhaps you would like to live close to the city, but a condo isn’t your style and you are looking more a flat or semi-detached housing. In making this decision, it is important to consider factors such as how close you would like to be to your work, whether you will take public transit, or need a place to park your car at home. Also don’t forget to give consideration to the house you will need in a few years as well as now: raising a family in a one bedroom apartment may prove challenging.

Once you have given some careful thought to where you might want to live, be sure to reach out to Global Life to help you start looking for the ideal property in your dream location.

 
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