Advantages and Disadvantages to an MLS Search

MLS searches (or Multiple Listings Service) are based off the principle; „Help me sell my inventory and I’ll help you sell yours.“ It is a unique concept, though one not many other industries use. Real estate brokers acknowledge the advancements in technology once MLS searches became popular, and are willing to present the advantages and disadvantages of MLS queries to interested parties. The decision of utilizing this service is ultimately up to the potential buyer.

No For Sale By Owner (FSBO) Options

One of the big disadvantages to MLS searches is they do not include homes sold by the owner, unless the seller has negotiated a certain percentage of the commission to the realtors. If interested in FSBO’s, the buyer must search potential neighborhoods for FSBO signs and negotiate a price within their range. If the buyer does not know much about negotiating prices, or how much homes are worth, MLS queries still provide some contribution for comparison purposes. If excessive research is undesirable to the buyer, then MLS queries provide another benefit.

Less Research for the Buyer

Buying a home might already be considered a stressful process for some. MLS searches can cut down on some of that stress because it reduces the research the buyer must conduct. There are already so many other aspects a buyer must remember to look into, including the community, crime rate, demographics, school districts, job outlooks, among others. MLS queries place hundreds of homes from the participating brokers into one database, with hundreds of fields with which to search the properties. Knowledgeable brokers with years of experience determine these popular search fields; whereas if the buyer conducts the research by himself or herself, he or she may question whether the information they find is accurate.

The Internet Outdates MLS Queries

The younger generation might claim the Internet is called the „Information Highway“ for a reason. While it is true certain states have their MLS queries readily available on the Internet, not all states have this accessibility. It is also important to consider that information researched on one’s own time might not be as accurate as the MLS searches provided by real estate brokers.

A Trusting Community

As mentioned earlier, all MLS queries are based off the „You scratch my back, and I’ll scratch yours“ premise. In other words, there are no hidden agendas. All brokers participating in MLS queries are trying to provide the buyer with the greatest number of options. They keep the buyer’s requirements in mind and try to create satisfactory customers.

Ultimately, the decision to use MLS searches or to conduct the research on one’s own is up to the potential buyer.

Immobilienmakler Heidelberg

Makler Heidelberg

Real Estate Photography Tips For Realtors – Don’t Do it Yourself, You’ll Lose Your Commission Check

I’ve done it myself; taken what I thought were great listing pictures and used them for my online MLS listing. My clients thought they were fine and I thought they were just fine, until I started working as a buyer’s agent in Seattle a few years back.

I worked with over 40 different buyers a week and everyday I’d hear, „Did you see those listing pictures? There’s no way we want to see that house, it’s a dump! Does the listing agent know how bad they are?“ Obviously, the listing agent didn’t spend anything on real estate photography.

My buyers would also see some great listing photos and want to get in to see the home that afternoon. We’d step inside and they’d wonder if it was the same home they saw online. They felt cheated because the pictures were nothing like the real home. (but at least the listing agent got buyers walking through the house).

It all came down to the listing pictures they saw online. That’s essential marketing for listings! Give buyers a great picture and they’ll jump inside the house that day. Give them a „do-it-yourself“ picture and they’ll move onto the next home. The listing pictures make the difference, especially when you spend a few bucks on professional real estate photography!

Even when the listing pictures were better than the actual house, guess what? It still got the buyers inside! That’s your goal as a listing agent; get as many showings as possible. Professional real estate photography makes that happen.

With upwards of 80%+ of buyers looking online now, the listing photos are the first thing they’re looking at and basing their initial impressions on.

How much money in lost commissions do you think you’re missing because you won’t spend a couple hundred bucks for professional real estate photography?

If you did spend the well invested marketing dollars on some professional real estate photography…….

  1. You could have more satisfied clients because the home sold faster.
  2. You could have made more cash because you didn’t have to drop the sales price when the listing became stale on the market.
  3. You could look like a top producer in the area because of the quicker sales, better looking listings and more satisfied clients. Your overall image is enhanced, big time!

Isn’t it funny how such a small aspect of your business can affect the whole thing? Anytime you realize how one issue affects your net profits, that’ll make you perk up, right?

Now don’t give me the excuse that it’s too expensive because it’s not. Look at it as a marketing and advertising expense because that’s exactly what it is. And real estate photography is one of the best things you can spend your marketing dollars on.

You have a couple options……..

You could grab a professional in real estate photography in your local area and offer them $50-$200 to come to your listing and take some fabulous photos. Make sure they’re top notch, have all the right equipment and understand the goal of these photos. You don’t want to pay for real estate photography that’s no better than your own.

Your other option is to go with a company like Vicaso.com who does real estate photography exclusively. Their business is listing photos for real estate agents!

You can schedule your photo shoot on their website, pay about $200 or so and get the most captivating listing photos you’ll ever see. Even if you have a crack house listed for sale, their real estate photography will make it look like a palace.

I’m telling you; don’t skimp on your real estate photography. Look at the cost as an investment. If you spent $200 on professional real estate photography and got back another $20,000 in commissions that year from faster sales, more clients, and higher listing prices, wouldn’t that be worth it? You betcha!

Immobilienmakler Heidelberg

Makler Heidelberg

Tips To Find the Best Homes For Sale

Are you on the verge of buying a new home in the city? It can be a thrilling episode altogether if you’re planning to change the neighborhood or moving to a new city. The townhouses stand to be a favorable choice for most property buyers interested to move to cities. The traditional narrow and terraced houses with more than two to three floors are good choices for families looking forward to budget homes. Again, investors consider buying such properties for their future benefits. But, if you and your family are excited to get a new residence in the town, few suggestions might help you.

Make your priority list

If you have a family with you, then you guys should sit along and discuss the priorities based on which choose the townhouse. For instance- a single person’s apartment differs from that of a family. If you are a family person with one or more kids, you need sufficient space for the children. You’ve to think about the future when your kids will grow up and will seek individual rooms. If you have are intending to buy this property as your permanent address, you have to consider the future. Moreover, you need some extra space, if you’ve pets along with you.

Stick to the additional features

Along with the spacious rooms and the living area for the family, you might have the interest in some special and additional features. It might include the number of balconies, how the rooms are faced, whether the rooms are receiving ample light and air and so on. If you have kids, you need to buy an airy home that receives ample sunlight and fresh air. You can also have a preference of choosing a sea facing or a riverside property so that you can enjoy the view from your townhouse.

Location matters

The location has a very important role to play when you are looking for the house. You gave to stick to the priorities and the location that might also include the priority list when you are about to choose a new residence. Make sure the area has easy access to the marketplaces, gas stations, medical stores, hospitals etc.

Take the help of a reliable real estate agent to find the best homes for sale in your preferred location. Make sure, the professional has the reputation of having the most updated property listing in the area. Besides, the agents help throughout the whole process of selecting and buying the house.

Immobilienmakler Heidelberg

Makler Heidelberg

Long Beach Homes for Sale – Four Things You Will Love About Long Beach, California

More and more individuals especially those who are planning to find their homes are now starting to recognize the pleasing qualities of Long Beach both as a business and pleasure haven. This interesting city seems to be the perfect example of a place where bikinis and business suits combine harmoniously as elegant buildings where businesses and trade is a common scenario stands mightily next to the Pacific Ocean. This pleasing mystery is one of the driving factors that drive many home seekers to delve into Long Beach homes for sale and Long Beach real estate listings.

Indeed, investing in Long Beach houses for sale is a worthy undertaking – whether you plan to live in it for a long time or rent it out for holiday takers. There is a lot of things to like about owning homes in this pleasant community.

1. Convenient Transportation Means

5 ½ miles of mesmerizing coastline with an airport serving national flights easily accessed by a light rail system known as the Blue Line MetroRail taking commuters to Staples Center and downtown Los Angeles and from there be able to connect to Pasadena and Hollywood are just few out of the many reasons that attracts not only tourists but also aspiring residents to invest in Long Beach real estate.

There are also plenty of buses that can take individuals to any place downtown and nearby places like the Ocean Boulevard wherein neatly painted and prearranged residences and commercial establishments constructed many decades ago are located.

This means that even if you do not have your own car, you can easily report to your work and go back home without much difficulty since transportation methods are offered in variation.

2. Diverse and Pleasing Recreational Attractions

Just like the old adage goes, „All work and no play make Jack a dull boy“. Well, this would not happen if you are living here. It is definitely one of the most wonderful cities in the nation wherein there is more than just beach to enjoy. Going downtown you will gain pleasure from the plenty of trendy shops, dining places and other attractions that offer fun and entertainment for individuals of all ages.

Shoreline Village offers great shops and dining locations wherein you can see the splendid skyline. The 5th largest city of California is also home to many nice parks, and other recreational areas wherein golf, skateboarding and lawn bowling are just few out of the numerous sports activities that you can engage in during your free hours.

3. Charming Beaches

As you browse around Long Beach MLS for sure you would come across with descriptions that define the beaches in this part of California. The beautiful city offers some sandy beaches and equally charming coastline close to the downtown area. There are also choices of beaches near Naples and Long Beach Peninsula wherein you can just sit and frolic on the sand with your kids as a breather from a busy week at work. For those who love quiet times, you can just sit there with your loved one as you watch the skyline and the sun for a romantic but serene quality time.

4. But more than anything else, the booming and continually sprouting economy of the place is the top reason why many are rushing to invest in homes for sale in this part of California.

It is then pretty easy to understand why investing in Long Beach homes for sale can benefit you financially if you choose to rent it out. At the same time, it can also provide you much pleasure in terms of experience if you decide to exclusively use it with your family.

Immobilienmakler Heidelberg

Makler Heidelberg

Condos for Sale – How to Choose the Right One for You

Have you ever lived in a condominium unit? If like me you grew up in a house with a garden then chances are you have no idea what factors and features to consider when looking at condos for sale. Not being aware of key aspects that could affect your quality of life as well as the unit’s resale value could leave you with a condo you can’t live in or sell.

What to prepare before checking out condos for sale

When a person decides to try buying a condo unit the first thing they do is look through adds, this is one of the most common mistakes buyers make. Prior to looking at units, preparations have to be made which can make looking for a condo easier and in the end more advantageous for you.

Down through the ages people have always said information is the key and looking at condos for sale is no different. Prior to visiting different units hire an experienced realtor. He or she will be able to give you invaluable advice plus his or her services are free since the seller will pay the commission. Another person you need on your side is a lawyer. „Legalize“ is a language not everyone is familiar with and it’s always a good idea that we understand everything we sign, trust me on this my siblings are lawyers. Next, crunch the numbers and look through mortgage requirements. Being ready on the financial front will give you a realistic view on what you can and cannot afford.

What to avoid while looking at condos for sale

Unfortunately not everyone is able to realize that small details can make a big difference in ones‘ quality of life. The following are some things you may not have thought to take into consideration:

• Steer clear of units that overlook the entrance to the garage or where vehicle traffic is if you value peace and quiet.

• Once again for peace and quiet do not choose a unit across from or beside an elevator.

• Make sure your suite does not look over the area where garbage is picked up; this is self-explanatory but is a detail most people will miss.

• Make sure most of the condo’s occupants are owners not tenants.

• Avoid condo buildings that are not easily accessible by any number of public transport services. Trust me you’ll need the service one of these days even if you do have a car.

• Avoid condo buildings where the neighborhood is not as pleasant as you’d like. The building itself maybe top notch but if the location is not at par then think twice.

• Avoid making a decision before going to the condo several times and at different times of the day and night.

• Remember to chat with the neighbors. You’ll need inside information about the area and if you can stand living beside them.

• Do not commit before you have discussed all the monthly fees, maintenance costs, association dues, closing fees and all financial matters. You need to know you can afford it all without breaking a sweat.

• Do not buy a suite with a view you can’t live with, no matter what the building’s amenities are.

Happy hunting.

Immobilienmakler Heidelberg

Makler Heidelberg

How to Use Instagram to Market a Real Estate Listing

Instagram’s simple platform and focus on photos makes it the perfect app for real estate agents to share their listings. However, agents who aren’t familiar with the platform may not know what kinds of pictures to post. Simply posting a photo of your listing with the address and a description isn’t going to get much attention. You need to create a story around the listing and share multiple photos to tell that story.

The easiest way to start „Instagramming“ your listings is to use Instagram during an open house. Below are 7 different pictures you can take to create and share your open house story.

Start with a selfie

A „selfie“ is a photo that you take of yourself. Take a selfie in your car, in front of the sign or by the front door. Caption it with something like „Excited to host an open house at 12345 Main Street.“

Your favorite room

Take a photo of your favorite room in the house. In the caption, get your followers to imagine life in that room. For example, if your favorite room is the bathroom with the huge soaking tub, say something like „Can you imagine coming home from a hard day’s work and getting to soak in this tub? Glorious!“

Your favorite outdoor feature

Photograph your favorite outside space. Again, get your followers to imagine themselves living there. „Check out this built in BBQ. Would you love to host summer BBQs at this home?“

Give a shoutout to other agents

A shoutout is a social media referral. If a real estate agent you know comes by the house with clients, snap a picture with them and give them a shoutout in the caption (be sure to use their Instagram handle if they have one.) Your caption could read something like this „Look who stopped by my open house today! Thanks for bringing your buyers @realestateagent.“

Share your „to-do list.“

Write or type a list of things you need to do to prepare for the open house then post a picture. This gives people an idea of the services you provide when hosting an open house. You can also share the owners to do list to educate people on how they should prepare for an open house.

Tools of the Trade

Do you always bring a specific water bottle to open houses? Do you often bake cookies or bring a vase of flowers? Lay out your items and snap a photo. The caption can read something like „Here’s my open house survival kit!“

Get the owners in on the fun

If the homeowners are around, take a photo with them. Tag them and ask them to share the photo on their Instagram and to tag you!

Instagram is easy to use and the perfect platform for real estate agents who are unfamiliar with social media but want to use it to market their listings. With a few clicks of your smartphone camera and some witty captions, you’re next buyer could be one of your Instagram followers.

Immobilienmakler Heidelberg

Makler Heidelberg

Pricing A House To Sell!: 4 Keys

Before, any discussion, on what assists, in selling a house, it is essential, to understand, it generally comes down to determining the right price/ pricing a house, to sell! Many factors, may determine, what that should be, but, far too often, the public sees only the listing price, and fails to realize/ consider, very often, there may be a significant different, between, listing, and selling prices! In addition, several factors, largely, influence, what the end – result, may be, including, factors, such as: exact location/ area; how it compares to other houses, for sale; homeowner’s needs, perceptions, feelings; how it is shown; and, how it’s marketed, to the public, etc. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 4 keys, in this process. After, more than 15 years, as a Licensed Real Estate Salesperson, in the State of New York, these are discussions, I often have.

1. Professional knowledge/ expertise, and the quality of a professionally designed, Competitive Market Analysis (CMA): Perhaps, the principle advantage of hiring a real estate professional, is, taking advantage of his professional knowledge, and expertise, in order to achieve one’s goals, etc! Every neighborhood/ area/ region, etc, has its specific, often – unique, characteristics, which may influence pricing, etc. The best approach, therefore, is taking, full – advantage, of a professionally designed, Competitive Market Analysis, or CMA. When this is done, it takes into consideration, factors, such as: present competition (on the market); tracking differences between Listing Prices, and Time on Market; comparison between listing, and selling prices; Expired Listings; etc. It means, there should, then, be a correlation made, which takes as much relevant, current information/ trends, etc, as possible, and recommend, a range, for the original price, to list a house.

2. Determine niche: Many houses, should appeal, to specific niches, perhaps, because of location, pricing, specific features, specific street (advantages), number/ type of rooms/ bedrooms/ bathrooms, style of house, and lot features, etc. If a home fits into one of these, a wise agent, will tailor his marketing, accordingly!

3. Price to sell, from the start: Perhaps, the biggest error, homeowners make, is believing, if they ask more, they will end – up, with a better selling price. While, perhaps, occasionally, it may be so, more often, the wisest course, is to price a properly, right, from the start! Numerous studies, and, analyses, indicate, sellers get their highest offers, in most cases, in the first three, to four weeks, so, doesn’t it make sense, to set your price, accordingly, to attract quality, real buyers?

4. Best marketing plan, for specific property: Selling houses, is, rarely, one – size – fits – all, so, the best, most relevant, customized, marketing plan, should be used, and thoroughly discussed, from the onset.

Since, for most people, their home, represents, their single – biggest, financial asset, when, the time comes, when it makes sense, to sell one’s house, take advantage of the time – tested, principles, and, hire a quality, real estate professional! Make the stressful transaction period, go, as smoothly, and beneficially, as possible!

Immobilienmakler Heidelberg

Makler Heidelberg

Houses For Sale in Jamaica – Transfer Tax and Stamp Duty

The transfer tax and stamp duty are fees that are attached to your cost when you are involved in a transaction for houses for sale in Jamaica is usually at a percentage value of the land. Normally the value is in line with the sale price.

The transfer act states that transfer tax is 7.5%. There is a relief an amount of $10,000.00 relief where the value of the land is $150,000.00 or less. The type of home does not matter. It is usually a misconception that Jamaica beachfront houses for sale attract a much higher transfer. This is simply not true. However there are some exemptions to these Jamaican property taxes.

Exemptions

1. Transfers of property by Jamaican Government and Local Authorities.

2. Transfers to government or Local Authorities of Jamaican land for purposes such as roadways and other reservations in sub-divisions.

3. Transfers by way of gifts to approved institutions of property to be used exclusively for charitable purposes.

4. The Principal place of dwelling of spouses (Joint Tenancy or Tenancy in Common) In the event of death only.

Stamp Duty – Payment of Stamp Duty is governed by the Stamp Duty Act. The stamp duty payable on land is approximately 5.5% of the full value of the land/dwelling.

Certification of title:

Once a property is registered it is given identification by way of Volume and Folio numbers in the Register Book of Titles. The original Title is kept at the Office of Titles and entries are made thereon whenever something affecting any interest in the land is brought to the attention of the Registrar of Titles. For example, a transfer, a mortgage, death of a part owner, grants of easement and so on. This is standard for all houses for sale in Jamaica.

The land owner gets the duplicate Certificate of Title on Registration. Duplicate Certificate of Title has to be submitted to the Registrar for endorsement of all transactions affecting the land.

The Conveyance or Transfer of Houses In Jamaica For Sale Exercise

This normally begins either between seller (vendor) and buyer (purchaser) or between either one of the aforementioned parties and a Jamaica real estate dealer or Jamaica property agent. Purchaser or an attorney should inspect the Duplicate Certificate of Title. This is vital as some homes in Jamaica for sale come without sale agreements and hence no transfer might have taken place. A title proves exactly who the owner of the land is.

The usual form of Purchase and Sale Agreement sets out inter alia:-

(1) The legal names, registered address and gainful occupation of the contracting parties.

(2) Full description of the house in Jamaica for sale – including size or actual dimensions, registered location, and the identifying folio and volume numbers of the Certificate of Title, in the case of both registered Jamaican buildings and land. In the case of land with a Common Law Title, the size, description, boundaries and other relevant details.

(3) Purchase Price – in words and figures to avoid mistakes and misunderstandings.

(4) Completion – the effective date when the final payment for transaction is anticipated to be collected and the full sale completed, that is, transfer effected, cheque and titles exchanged.

(5) Cost of transfer – unless otherwise agreed, this usually states that each party should bear half the cost of Stamp Duty, Registration Fee and Attorneys Costs.

Payment of Jamaica real estate agents commission – paid on the Completion of the transfer of title and the closing of the transaction.

Fees on sale and purchase of land

1. Transfer tax – 7.5% of market value (Vendor only)

2. Stamp duty – approximately 5.5% of Market Value

3. Registration fee – Approximately 2% of Market Value (or $2.00 per 1,000)

4. Attorney’s costs – As per Scale – Jamaican Bar Association (effective 1st June 1991)

5. Surveyors Identification Fees:

(i) Values up to $500,000.00 = $1,500.00, thereafter, 0.1% up to 1 million, thereafter, $1,000 per million. Plus Research and Title fee/charge of $400.00.

(ii) Properties in excess of 1 acre or Irregular Boundaries a traversing fee is added. Fee depends on length of traverse.

(iii) If land is outside the corporate area $6.00 per mile.

6. Valuation Fees:

Kingston Jamaica Corporate Area

Corporate Area: Cost $3.00 per 1000 of the market value and $150.00 for travelling and incidental expenses. Minimum fee of $1,000.00 plus travelling and incidentals $1,150.00

Outside Corporate Area – (Beyond 15 miles from Kingston Jamaica) 3.50 per 1,000 of the market value plus travelling @ $3.50 per mile minimum fee of $1,500.00 plus travelling.

7. Mortgage Costs: (Building Societies)

(1) 1% application fee (Saver)

(2) 2% application fee (non Saver)

(3) Life Insurance – amount differs according to age.

NB. No longer will Compulsory Society take an assignment of Existing Policy.

(4) Mortgage Indemnity: 7% of sum being Insured applies when Mortgage in excess of the standard two thirds – 90% Mortgage.

(5) Stamp duty on Mortgage

(6) Registration Fees on the Mortgage

(7) Attorneys Costs

(8) Valuation Fee

(9) Surveyors Identification

(10) First Month Mortgage Payment

Mortgages: – $1.00 per 200 x 25% or 0.65%

These outline all the costs associated with buying houses for sale in Jamaica. It is important that both the vendor and purchaser understand the fees associated with this Jamaica real estate transaction.

Immobilienmakler Heidelberg

Makler Heidelberg

How to Find a Reliable Real Estate Agent in Your Area?

Property hunting is not an easy task, especially if you have no prior experience. Most of the time it is even impossible to find what you are looking for. When you face such a situation, then it is time you realize that you need professional help to find your dream home. The real challenge is to locate a potential realtor to get you what you need. Otherwise, you will end up running in circles with no results. There is more than one way to find a reliable agent. The definition of a good realtor depends on your need. A commercial real estate company might not be of great help with residential properties. Use the following rips to find a good realtor.

Ask A Friend Who Has Just Moved

Friends are of great help no matter what type of situation you stuck in. People move all the time and maybe some of your friends just moved to another place. If any of your friends did move, then he would have done it with the help of a realtor. You should contact him right away to ask how did he find the new accommodation. If the discussion with your friend is satisfactory, then you should probably ask the contact of a similar real estate agent. Don’t forget to ask about the procedure he has followed and what he had to pay.

Take Help Online

Most people prefer a classic approach to find a realtor. If you are one of those people who follow a strict routine and hardly get any day off, you should try online business listings. The best part about these business directories is that you don’t have to go anywhere, especially during the ongoing pandemic. You can find the best real estate options with a few clicks on your computer. Once you are there, you should search for the local residential property agents.

Survey The Market

Surveying the market is one of the oldest methods if you never had any experience with a realtor before. You should know that the realtors for residential property are activated only in their limited area. They might not be aware of if a property is available outside of the town. So, if you have a specific area in your mind to go and live in, then you better find some time and go and look for local realtors that can help you find a good residential option.

Follow The Ads On Vacant Property

You can call this the easiest way to find a real estate agent. You might have noticed often that once a house or a building is vacant the relative realtor puts up and ad for contact. This ad can be a great help if you look at it. When you are hunting your next best home with some particular area in mind. You should look at the advertisements on the vacant properties. Only a few realtors may be dealing with that area. So, getting contact with such an agent will be very beneficial for your property hunt.

Use Social Media

The technology has evolved to an extreme level. Now you carry a small computer in your pocket all the time in the form of a smartphone. Everyone is nowadays trying to register their business on social media. There are two main objectives to do so. First, it can help to attract more customers and it can be a second business as well if you have a lot of followers. All you need to do is to search one of these portals for a relevant business page, for credibility check their comments and followers.

Finding a good realtor is as hard as it seems. You shouldn’t give up on your dream house and use the methods above to find a reliable agent. Always remember, don’t sign a contract when you are in a hurry because you can skip some important details easily. You should visit the home preferably with your family. The family visit is important because you don’t want to face a situation where your family disapproves of the home you choose.

Immobilienmakler Heidelberg

Makler Heidelberg

9 Expert Tips to Help You Buy a Luxury Home

If you are looking to purchase a luxury home, you can choose from a lot of options. In this article, we are going to share with you a few tips from experts that will help you go for the best luxury home. Read on to find out more.

1. Find out about the Search Process

A lot of luxury homes are not listed in order to protect the privacy of the seller. Often, these properties can be found by talking to the personal connections of the realtor. So, what you need to do is check out several online sources as searching on big search engines is not enough.

2. Don’t make your Decision based on Photos only

If you make your buying decision based on the photos of the front of a property, you are making a mistake. It is important to note is that some homes are not photogenic and should be seen in person for a better idea of their suitability.

If you are going to buy one, you may want to find out about the vicinity of the property on Google Earth.

3. Hire a Local Expert

It is better that you work with the local real estate agent as they have a lot of information about luxury homes in your area. They can help you get an appointment to see the property of your choice.

4. Contact your Bank

Experts suggest that you contact your bank as well as they have your portfolio. Apart from this, you may want to understand the difference between the pre-qualification letter and the pre-approval letter.

5. Document Everything

These days, the high-end real estate market is going through a lot of scrutinies. Therefore, it is a must to have financial documents. So, you may not want to shelter your money as it can create difficulties for you later on.

6. Hire Reliable Advisers

Your real estate agent should not be your decision-maker. Their job is to give you useful suggestions to help you make a better decision. Therefore, you may want to make your decision and hire only a reliable advisor.

7. Consider the Title Insurance

You may want to go for title insurance as this can help you be on the safe side. Apart from this, you may want to check out the exception page of your title insurance prior to closing time.

8. Look into the Future

You may want to find out more about the properties being planned around your property. If your neighbor builds a building taller than yours, it may have an impact on your property as well. Besides, you may want to consider the timeline as well. This is important if you want to avoid construction delays.

9. Cooperatives and Condominiums

In case you are going to buy condominiums or cooperatives, make sure that you hire the services of an attorney that can help you know the financial viability of the building.

Long story short, if you are going to invest in a luxury home, we suggest that you consider the 9 tips explained in this article. This will help you make an informed decision and by the house of your dream.

Immobilienmakler Heidelberg

Makler Heidelberg

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