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Commercial Real Estate Definitions – From A To M
Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from A to M.
Commercial Terms
According to Value: The value of the property when computing property...
High Profit Real Estate Investing--make A Good Deal Every Time!
Knowing what a Good Deal is – Is the Key to Success in Real Estate.
Knowing and being able to negotiate good real estate deals every time is the key to real estate investing success. What to look for, and how to calculate your profit, cashflow...
Much Ado About Mansionization?
Los Angeles allows a 7600 square foot home on a 5000 square foot lot. This isn't fuzzy math, and the city is not saying you should re-position your neighbor's fence in the middle of the night, gaining a 2600 foot advantage for your new breakfast...
Real Estate Agent Or Broker
Real estate experts go by a few different names, although the distinction shouldn’t matter for you as a first time home buyer. Important is to make certain the broker or agent you chouse is a licensed real estate professional. All real estate...
Top 10 European Countries For Real Estate Property Investors
If you’re looking to diversify, broaden or even begin your property portfolio consider Europe for your next investment destination.
Europe is host to such a broad range of countries all offering diverse property opportunities – you have...
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When is the Best Time to Move?
As Realtors, we are often asked, "When is the best season to move?" This is a tough question, one we cannot answer for you. Most people are asking about price, do they fluctuate throughout the year? NO. Just the number of homes on the market changes; of course the number of buyers changes as well. Hopefully this article will help you make this decision for yourself and your family.
Time of Year
A common "urban legend" is that you get more money for your home in the spring. This is simply not true. Seasons have no bearing on how much you get for your home, but it does affect how much competition you have. True, more people look to purchase a home in the spring. At the same time, there are more homes on the market for you to compete with. Unfortunately, this is also the time of year when all the "window shoppers" are out. These are people looking for renovation ideas, or who are just "killing an afternoon" looking at open houses. In the winter you will have fewer showings... but they'll be serious buyers. So, should you NOT sell in the spring? Not at all. There is no good or bad time of the year to sell your home. The best time is when you are financially and emotionally ready to move. Not before, and not after.
Children
Many parents wait until the end of a school year before moving the family. At first glance, this makes a lot of sense. Let them finish the year in comfortable surroundings, and don't disrupt their lives until summer holidays have begun. But consider this... Children need friends to play with. By moving the kids a couple of months BEFORE the end of the term, they have the ability to meet their new friends in
the new neighborhood. By having these friends, the move will be easier and less confusing for the children. And parents?!? If the kids have friends to play with... they won't be underfoot while you're trying to unpack and organize the house!
Time is on your side
The very fact that you have time on your side could save you thousands. Many sellers that have waited have put themselves in a "have to sell" situation, and have had to accept offers for less than what they wanted. The fact is, when you have time on your side you won't feel pressured to accept an offer that's less than what you want.
Your next property could cost more
If you're buying a new property that's more expensive, you could cost yourself plenty. For example, let's say you're selling a $100,000 property and looking to buy a $150,000 property. If both properties appreciate at the same rate of 3% over the next six months, you gain $3,000 on your existing property. However, the $150,000 property will now cost you $154,500 or a net loss of $1,500. The best suggestion is to get into the home you want; before it gets out of reach for you!
John Carle & Sharon Gregresh are Realtors with Royal LePage - ArTeam in St. Albert, AB. They pride themselves on providing more than just real estate sales and listings. Their clients benefit from a much larger spectrum or real estate services. Contact them any time at information@workingtogether.ca or through their website at www.workingtogether.ca They can be reached by phone at (780) 458-5595
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