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5 Ways Home Buyers Make Their Agent’s Job Harder

Buying a home can be a long and challenging process. It’s a big, expensive and infrequent transaction that can cause lots of stress and anxiety.

Some buyers take years to complete a purchase, and they require a lot of hand-holding and make lots of requests. Others are more self-sufficient, and only bring in the agent from time to time.

Good real estate agents can accommodate any buyer at any time – as they should. We’re in the service business, and I always say the customer is always right.

But let’s face it: All buyers (and all agents) are not created equal, and since buyers don’t pay for the agent’s time, there can sometimes be a disconnect.

Here are five buyer behaviors that can make life tough for agents.

Planning a (secret) price swap

It’s one thing for a buyer to ask a seller for a credit if the final home inspection uncovers a problem. But after you have a deal, planning to negotiate the price down without telling your agent is a big no-no. It adds stress and ill will among all parties involved, during what could already be a difficult transaction.

It’s better to be upfront about your intentions. If the deal is not meant to be, it’s better to not go down the path at all.

Making unjustified lowball offers

The seller’s property is on the market for $400,000, and it’s worth close to that, based on recent comparable sales. And yet, a potential buyer offers $300,000 and won’t budge on the price.

It’s not because the home is grossly overpriced or there’s something seriously wrong with it, but simply because the buyer wants a bargain.

Unjustified lowball offers can be a waste of time for everyone involved. The seller isn’t going to swallow $100,000 for no reason, even if the property has been on the market a while.

In fact, a lowball offer will likely just help the listing agent get a small price reduction, thus opening the window of opportunity to another buyer.

It’s certainly okay to offer less than the asking price, but be realistic.

Requiring too much during the showing

It’s typical for a potential buyer to view a property during an open house, then ask for a private showing – even two or three times. That’s par for the course.

However, it’s frustrating when a buyer arrives to a showing with a designer, architect, contractor or just some friends, then spends an hour or two at the home checking out and measuring each room. This is counterproductive, particularly if you do it at one home after another and never make an offer.

Some buyers have even been known to bring their psychic, who, after making a big splash with tarot cards and numerology charts, declares that the property has “negative energy” and isn’t a good fit, mainly based on the numbers in the property address. Did the psychic really need to see the property in person to figure that out?

Buyers typically give themselves an opportunity to gauge their own reactions to a property before bringing in friends, family or hired consultants. To go over a home inch-by-inch on the first or second visit is often a waste of everyone’s time.

Demanding loads of attention early on

Some people are just beginning to think about buying a home. That’s fine; buyers have to start somewhere.

Unfortunately, sometimes buyers are a year or two away from being ready to pull the trigger, yet they make a lot of demands on the agent’s time.

Asking an agent to research city building permits on a house just because you’re curious – and even though the property doesn’t fit your requirements – is probably not a fair request.

Agents can’t be as effective with their active clients if they’re spending lots of time researching tax records or city permits for clients who are years away from being ready to purchase.

Changing your mind repeatedly

It’s fine to shift course based on what you learn during the home shopping process. This is a common part of the buyer evolution process.

Many buyers set out for X but end up with Y after learning the market and seeing where their dollar goes. By the time you’re ready to start making offers and moving in the direction of acquiring a home, you will be laser focused.

But if you find yourself moving around and you’re uncertain about the object of your search, it’s possible you just aren’t ready to buy. That’s fine. Take your time and learn the market.

The home-buying process is a journey, and a good local agent, brought in at the right time, can add so much value. Be mindful that agents work for free until a buyer or seller closes. Agents should be leveraged as a huge resource – when the right time comes.

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Originally published May 23, 2014.

Top 10 Towns in the UK to Buy Investment Property in 2017

property investment

This article is a guest post written by Housebuyers4u.

This post has not been approved as a financial promotion by Resolution Compliance Limited (FRN 574048)

Investing in property has always been quite a reliable form of investment. Even in these testing times where Brexit is in full effect, taxes are increasing and people are unsure of what direction the property market will follow, if you can get your hands on a solid property you can make yourself a nice little profit. This being said, securing a profitable investment is reliant on a number of different factors, one of these includes; which areas and cities offer the best yields?

Before we look into this in more detail, it’s worth mentioning that despite all the extra pressure being put onto buy to let landlords (such as the reduction in tax relief), more landlords still feel confident about their own buy to let futures.

A survey carried out by Simply Business shows that over 56% of buy to letters are feeling confident about the state of buy to let expecting good things in 2017.

Furthermore, a recent interview carried out by Letting Agent Today, wherein they posed the question ‘Brexit and it’s effect on buy to let’ to David Cox, managing director of ARLA was answered by him saying:

”I rather doubt Brexit will pose a threat – I don’t believe there’ll be a compelled exodus of EU citizens “

In addition, he went on to say that Brexit could represent a positive sign for the private rental sector due to migrants who were possibly thinking about buying a property in the UK now putting that decision on hold and staying in private rental accommodation.

London has always been a safe and popular choice to begin investing, however with London being so pricey and requiring huge down payments for single properties many investors are looking into other areas to get the most out of their money.

Aspen Woolf is a property investment firm who regularly monitor trends and conditions within the property industry. In a recent review of the property market, they have identified the top 10 areas in the UK as being the best for buy to let. See below for more information.

Top 10 Towns to buy investment property in 2018

Table Top 10 Towns to buy investment property in 2018

(Source: Aspen Woolf)

From this table, we can see that if you want to do well in the buy to let market you should look to invest further north as opposed to nearer to our capital. The city of Manchester tops the list with a buy to let yield of is 7.9.%. Sunderland is number 10 on the list with a yield of 5.3%. however, this still makes for a great investment for those with less equity as the average property price is over £40,000 less than that of Manchester.

To further enhance the point that the north is great to invest in, Tarlochan Garcha, CEO at Kuflink, said:

“The rift between north and south continues, but this time the attention is turning north. Buy-to-let properties in the North can be a steady investment, attracting renters who cannot afford to step onto the property ladder and therefore choose to rent in good locations, which are well-suited to their lifestyle. “

Knowing which areas yield the greatest rewards will help you begin planning your buy to let journey. This is useful information whether you are an experienced investor or coming into to buy to let for the first time.

Please note, however, it’s important to seek the advice of professionals such as estate agents if needs be because their expertize can help you find the right property that suits your needs or agenda.

As a genuine house buying company who are regulated by a number of regulatory firms including the property ombudsman, we at Housebuyers4u do find ourselves involved in the purchase of some buy to let properties. In this instance, our opinion on this article would coincide with the research of Aspen Woolf. This being said for anyone who is looking to invest in buy to let, suitable properties can be found nationwide. The issue is spending the time and effort looking through portfolios, talking to agents and visiting auctions. If this is done correctly, you are sure to come across that perfect gem of a property sooner or later!

We hope our article has given you some insight on the state of buy to let at the moment and where you can begin if you are interested in getting onto the buy to let ladder!

View Our Current Opportunities

Disclaimer and Legals

Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest.

Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).

The post Top 10 Towns in the UK to Buy Investment Property in 2017 appeared first on Economoose.

Designer Lookbook: Elena Frampton’s Sleek Pied-à-Terre

Manhattan interior designer Elena Frampton prides herself on striking a balance, be it with color, texture, or the eccentric design details she likes to refer to as “moments.”

For a Westchester County couple who purchased a pied-à-terre in the tony enclave of Sutton Place, Frampton’s mission was to “create a sense of spaciousness” from the kitchen that extends to the bedroom.

A lighter, brighter kitchen

No stranger to gut renovations, Frampton eagerly tore down the kitchen wall to “create an elegant space that would be open,” she says. Then she added an island that serves as a dining room sideboard.

Ceiling-high cabinets in a medium oak were selected for their “cleaner geometry,” Frampton continues, while sky-blue tiles were chosen for color. “I love bringing color and texture into a kitchen,” she says.

A square column that leads to the living room was rounded to make it more of a “sculptural element,” Frampton says, rather than something obtrusive. “When we encounter something that appears to be a conflict, we ask, ‘What can we do to make it something interesting and appealing?'”

In the same vein, Frampton selected a variety of eye-catching light fixtures. “I love bringing personality to spaces with sculptural, interesting items,” she says, noting the surface-mount fixture and chandelier, both in the kitchen, that were made in the ’60s and ’70s.

“It’s really about having fixtures and finishes that are elegant and suitable for an open living environment.”

Spacious tricks for open living spaces

Mixing materials was also important when it came to the textiles. A brown leather couch makes a statement in a living room defined by beiges and grays, while a chunky knit blanket adds a touch of whimsy to an otherwise serene master bedroom.

“It doesn’t feel too beige, and it doesn’t feel too gray,” Frampton says of the bedroom’s palette, which is enhanced by art from Sears-Peyton Gallery in Chelsea, New York. The light on the nightstand is from Orange in Los Angeles.

For Frampton, the biggest challenge was creating a sense of spaciousness in an apartment that felt closed off. “The windows are not large,” she says, “and the ceiling height is the standard eight feet.”

To get around the problem, she used several wall-mounted lights, which take up little space, and painted the ceilings a shade lighter than the walls. “It makes rooms feel larger,” she notes.

Back in the living room, a tinted mirror with an architectural frame was added to reflect the stunning view of the 59th Street Bridge outside.

Frampton also took risks where she could afford them, as evidenced by a fur-covered bench in the bedroom. Going back to the idea of balance, she says, “It’s more about calibrating choices than tempering all of them.” In other words, she carefully chose what she wanted to stand out.

“If art is your thing, or whatever it is that gives you joy, that’s the area to take risks,” she says. “It’s not about whether it’s trendy or if your friends like it. What are the things that bring you joy?”

Get the look at home

Follow Frampton’s tips to get a tailored look in your own home.

  • Choose your moment. “Here, we decided to go vintage with light fixtures, but it could also be hardware or dining chairs,” Frampton says. “Pick a moment, and find the right thing to focus on.”
  • Vary the palette. To make the bedroom’s beige walls feel more of the moment, Frampton says, “We brought in art, and the art brings a lot to the story.” It’s also helpful to layer beiges and grays for a balance of warm and cool effects. “Mixing brings some complexity to the palette, even though it’s neutral.”
  • Always test the paint colors. “We test paint colors on-site to look at them in different lighting conditions,” Frampton says. She also likes to sample “four or five neutrals on a wall.”
  • Go a shade lighter on the ceiling. “We do our ceilings in the same shade as the walls, but one hue lighter so it all looks the same,” Frampton says. “A ceiling inherently has shadows, so going one shade lighter makes it look uniform.”

Photography by Joshua McHugh

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House of the Week: $100 Million Mansion Stocked With 177 Bottles of Bubbly

Put this one on the holiday wish list now.

You might have to beg, borrow, and steal to come up with $100 million dollars to afford this 7-bedroom, 11-bathroom Los Angeles mansion (or give up 20 million $5 lattes – trust us, we did the math), but once you do, you might not have to think of much else.

In addition to coming fully furnished with designer touches (Roberto Cavalli flooring, Fratelli Longhi doors in suede and leather), the home includes a gold Rolls-Royce, a gold Lamborghini and a private concierge for two years.

It’s part of a trend of high-end homes hitting the market with bells and whistles already included, said real estate agent Drew Fenton.

“More buyers are wanting turnkey homes that come with extras, such as the art and car collection,” Fenton said. “Time is money – and to accumulate, let’s say, an art collection or car collection, takes lots of time.”

The 20,500-square-foot mansion is perched above L.A. in a neighborhood dubbed “Billionaires’ Row,” because it is home to a number of high net-worth individuals.

The house offers views of downtown and the Pacific Ocean. A walkway is suspended above Beverly Hills’ largest indoor pool, Fenton notes, with a 20-foot-high glass waterfall.

Motorized sliding doors open up to the deck, outdoor pool and vista.

There’s a $2 million dollar art collection at the ready, along with a Champagne vault (177 bottles of Cristal are already stocked).

The house also has a 15-person home theater, and a so-called car museum with space to display 10 vehicles.

The developer is Nile Niami, who also produced movies such as “The Patriot.” His next project is a $500 million dollar mansion in Bel Air, which will include a “jellyfish room” – a space to relax as jellyfish swim around you.

Drew Fenton with Hilton & Hyland holds the listing.

Photos courtesy Jim Bartsch

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Keeping Your Elderly Loved One Safe at Home While You Travel

Caregiving for a loved one is a full-time job. And like any full-time job, you need vacation days to relax and rejuvenate – except caregiving doesn’t come with a team to cover for you while you’re gone.

If you want to actually relax during your getaway, some careful scheduling and home updates will prevent worrying about the quality of your loved one’s care.

Find someone to help

As the primary caregiver for your loved one, you need someone to cover both your caregiving and homeowner’s responsibilities while you’re gone.

  • Hire a professional caregiver. Professional caregivers help with a variety of duties. They can live with your loved one 24/7, stay during the day, or just visit for a few hours, depending on the need.
  • Turn to family, friends, or neighbors. If you have siblings, ask them to cover for you. You can also ask members of your community to take care of your home and do household tasks that your loved one can’t do.
  • Find a skilled nurse. Does your loved one need special medical help? Have a certified nurse step in to fill your shoes. Nurses are licensed and trained to provide care for complicated medical issues.
  • Look into assisted living. Many assisted living communities offer short-term stays for patients. Just be sure to plan ahead – these communities often need advance notice to make accommodations.

Prepare your home

Don’t make your temporary caregiver figure things out alone. Prep your home so everything is easily accessible. While you’re at it, get some home technology that will keep you in the loop.

  • Gather important information. Gather all the necessary paperwork, medical records, and emergency contacts your loved one might need. Tape the documents to the refrigerator, within easy reach.
  • Prepare meals. Whether you hire a full-time caregiver or not, prepping meals ahead of time makes it easier for your loved one to eat properly. Package meals in the fridge or freezer with clear labels and instructions.
  • Do the laundry. Ensure that your loved one will have enough clean socks and underwear while you’re gone. Lay out clothing for the week, or hang outfits grouped together and clearly labeled in the closet.
  • Install a home security system. A smart system lets you view alerts and even security camera feeds remotely from your smartphone.
  • Get a medical alert. A medical alert will help your loved one contact emergency services at the press of a button. You can also receive a call if anything happens.

Set the social calendar

Your loved one is used to having you around, so make your absence easier with some careful schedule planning. Post a calendar in an obvious place so your loved one always knows what the next thing is on the to-do list.

  • Overlap the transition. If possible, have your temporary caregiver start while you’re still around. It will help the caregiver understand how you do things, and it will help your loved one get to know them.
  • Make a social calendar. From doctor’s visits to social events, put everything in the calendar. Hang a large, visual calendar for easy reference, and mark the date you return.
  • Write down the daily schedule. Is your loved one used to a certain daily routine? Let the temporary caregiver know. Map out a typical day for the caregiver to have as a reference.
  • Plan something fun. Ask your loved one if there’s anything special they’d like to do while you’re gone or once you get back. You want them to have something to look forward to during your absence.
  • Reassure your loved one. Listen to their worries and concerns before you leave. Let your loved one know that the only thing that will change while you’re gone is your presence. Make sure they understand that you’re coming back.

Rest and renew

Taking a vacation shouldn’t make you feel guilty. Take time to care for yourself, and you’ll be a better caregiver. With everything settled before you leave, you’ll enjoy your vacation knowing that your loved one is well taken care of.

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5 Futuristic Buildings by a Postmodern Architect You Need to Know

Photo by Mary McCartney

If you’ve paid any attention to architecture in the past couple of decades, you already know the name Zaha Hadid.

The late Iraqi-born London resident’s buildings — residential, commercial, hotels, retail — can be found all over the world. While Hadid began her career teaching architecture at prestigious institutions, she quickly rose to fame for her designs.

Over her extremely successful 30-year career, Hadid designed numerous iconic buildings, contributed theoretical and academic work to the field of architecture, and received some of the highest accolades, including becoming the first woman to be awarded the Pritzker Architecture Prize.

Check out these five Zaha Hadid Architects buildings we love.

1000 Museum, Miami Beach

Located on Biscayne Boulevard, opposite Museum Park, this 66-story tower will house 83 residences described as “super luxury.” A duplex penthouse will occupy the top two residential floors, with an aquatic center and sky lounge above them, and a rooftop helicopter landing pad topping it all off. The views of Biscayne Bay will likely be unbelievable from all floors of the wavy structure.

520 West 28th Street, New York

Overlooking the High Line in Manhattan, this 11-story development features 39 luxury condos that range in price from $4.95 million to $50 million. “I’ve always been fascinated by the High Line and its possibilities for the city,” Hadid once explained. “Decades ago, I used to visit the galleries in the area and consider how to build along the route. It’s very exciting to be building there now. The design engages with the city while concepts of fluid spatial flow create a dynamic new living environment.”

d’Leedon, Singapore

Public and private spaces come together in this unique Hadid design located in the center of Singapore’s District 10. The d’Leedon is comprised of seven residential towers and 12 semi-detached villas with a resort-like communal space in the center, including a pool. Each tower tapers inward as it reaches the ground, creating a funky visual effect, while a petal-shaped layout ensures that each unit will have at least three sides with windows to maximize natural light.

33-35 Hoxton Square, London

This prism-inspired design is being constructed from sandblasted aluminum and clear glass. It will “respond and manipulate daylight and views,” according to the design documents. The two-level gallery will house both commercial offices and residential flats in London’s Hoxton Square.

Casa Atlantica, Rio de Janeiro

Located on Copacabana Beach, this building combines in its design the natural forms of Rio de Janeiro’s beaches with the energy and rhythm of Copacabana. As the marketing materials for the building further explain, “Casa Atlantica’s design continues the liberating composition and spatial flow inherent within Brazil’s rich Modernist tradition.” Balconies jut out on each floor and separate the residential units.

 Photos courtesy of Zaha Hadid Architects.

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We Offer Investors in 45 Countries Hassle Free Property Investment in the UK

When we opened our doors in 2013, we believe we became one of the first property crowdfunding platforms in Europe. Since then, we’ve experienced an incredible amount of success, with our global network of investors driving our fast paced growth. We’re dedicated to providing our network of 23,000 members with simple, hassle-free and affordable property investment.

Our platform provides individuals all around the world* with the opportunity to participate in property investment in the UK. We are delighted to reveal that we now have investors in 45 countries and registered members in over 70 countries. We believe our international reach is a testament to the global demand for our service. We hope to continue in our fast-paced, international growth.

In order to provide our investors with the best possible experience, our in-house software developers have created our technology from scratch and consistently work on optimizing it. Members from around the world can log onto their dashboards, scroll through our current opportunities, download guides, brochures and valuations, then select the properties they wish to invest in. We believe the sophisticated structure of our online platform allows this process to be easy and clear, both of which are crucial characteristics in our mission to simplify property investment.

On our platform, each property is listed with an opportunity description, an area description and an interactive map of the property’s location. In addition to this, an opportunity-specific returns calculator can help you make an informed decision on your investment by providing you with our estimation of your projected returns.

After choosing from our hand-picked property investment opportunities, investors can sit back and relax. Our team of experts take care of the hard work; from finance and legals to tenancy sourcing and property management. By attempting to stream-line the process, we believe we’re creating a space in which property investment can offer passive income.

In addition, as our minimum investment is just £10, we believe we’re lowering the barriers to property investment and providing individuals with the opportunity to start climbing the property ladder without needing a long-term savings plan or the heavy burden of debt.

Our investors span across 45 countries
property investment in the uk
  Source: Google Maps

Our international network has been somewhat prevalent since the beginning of our journey, with our soft launch in 2014 receiving coverage from national TV channels in Brazil! To learn more about our journey so far and to meet the team, click here.

* If you are based in the USA, we, unfortunately, cannot accept investments or deposits from you at this time. Please take a look at ‘3’ on our T&Cs.

Written by Jenna Kamal

 

View Our Current Opportunities

 

Disclaimer and Legals

Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.

Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).

 

 

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