Selling a condo is different from selling a house, and in California it’s more than selling a home. As the seller you are selling a lifestyle in the form of an investment, which is constantly changing, especially in California. A key to successfully selling a condo is teaming with the right real estate agent, helping to make this process simpler. The differences between selling a condo and selling a house are the shared assets associated to the condominium. As scary as all this sounds, selling a condo is easier compared to selling a house. Like all types of real estate the location, size, and conditions or treatments within the condo make a difference on the sales price and the length of time the condo is on the market. An experienced …show more content…
Benefits and Buyers As a seller, pricing your property correctly for sale is critical. Determining the value of the condo unit is more than an assessment of your unit has compared to another unit in the same complex. This is where working with a realtor comes in handy. They know the history of the properties and they know the customized features or enhancements you’ve added as the seller. These are all selling points that work with establishing the list price of the unit. Today, younger professionals are ready to purchase their first real estate property and many start with the purchase of the condo for several reasons. It’s affordable with smaller financial deposits, it’s less maintenance compared to a house because the outside cost of upkeep and repairs are shared with the complex. Finally, it provides a growing investment known as equity for the future, in some cases leading to the next real estate purchase, usually a larger home. Condo buyers are usually looking to purchase a condo versus a home. The prospect buyer’s profile many be singles, newly married couples just starting a life together and retired professionals transitioning from a larger home to a smaller property. 4. Hiring a …show more content…
Promoting and advertising can be a challenge for condos if the unit isn’t sitting on the main traffic area. Realtors familiar with the acceptable practices of marketing a condo deal with this situation every day. A realtor specializing in the area and this type of sale ensures you get the best value from the sale of your condo. There are condo values that can get missed by an owner, but never get past a professional agent. Even more important, realtors already have interest buyers in the sales funnel helping to speed the sale of your condo and finalize the transactions. It basically comes down to a combination of appeal attracting interested buyers and supply and demand of buyer preferences in the condo real estate market. A realtor guides the seller on what needs to be updated in the condo unit to maximize the selling price and takes care of the paperwork. They are also well informed as to what can be or should be cared for by the management company to ensure the property is presented at its best. 5.
{Most people have some style and neighborhood preferences which can influence their decision when purchasing a new home.|If you are looking for a new home, chances are you have an idea of what type of neighborhood you want to live in and your preferred style of home before you even begin your search.|More things to consider when you're looking for a new home are the type of neighborhood, schools and home style preferences that you have.} {You can find out about most of this information through online searches, ads in newspapers or by contacting real estate offices.|You can find out a wealth of information by contacting real estate ...
Some of the realtors are pushing the home owners to sell the house; therefore,
Hilltop Neighborhood House is a private preschool that provides care for children 6 weeks old to 5 years old. Hilltop offers a Kindergarten Readiness program that prepares children for Kindergarten. They prepare children for Kindergarten by provide them the tools to be successful in their later education. Hilltop teaches the children social and listening skills. This goes along with Hilltop’s mission to help children succeed as an individual. This program thrives on the diversity that Hilltop offers. 84% of the children that Hilltop serves are from low income families. Along with serving a large portion of low income families, they also serve a large portion of minorities and single parent homes. Hilltop reaches out to these populations by offering scholarships so Hilltop is affordable to all. Hilltop also accepts the Childcare Development Vouchers (CCDF) which further allows for all populations to attend Hilltop.
I decided to buy because I could make a profit when I want to sell it and I can make renovations to the area. After thinking it through, I concluded that my total budget for the house/condo was about $250,000 but I wanted to stay under that price so that I was not house poor (which is when you put too much money into a house to the point where you can barely pay for it or live). My apartment is in Teton Village, Wyoming since I am being a larger animal vet and they have a lot of livestock and ranches out there. This condo is located at 7680 Granite loop Road (Unit 651). This space has two bedrooms, two and a half baths, and is 1,720 square feet. My condo also has a beautiful view of the mountains, good prices ($110,000), and has a beautiful living area. The complex has an asphalt driveway, a pool, and an underground parking garage.I decided not to have a roommate because I can pay for the property myself and I wanted the space to
Markets have a big impact on the economy of any country. In the United Kingdom, one of the main markets that effects its economy is the housing market. According to FTI Consulting LLP (“FTI”) (2012) housing is of intrinsic importance to the economy and society. Housing has a dual role as: a human need, through its functional use as somewhere to live and the influence of its attributes on people’s well-being; and an asset, given that for many it is a long term investment which represents a large proportion of their wealth. The housing market is divided into two main types, the first type of housing market is known as the rental market where tenants rent properties from landlords (Anderton, 2008). The second type of housing market is the owner-occupied market where people buy a property in order to live in it (ibid). In recent years, several non-price factors have led to the increase of property prices in the United Kingdom. These factors are subcategorized into non-price factors of demand and supply. According to Anderton in Economics (2008) “demand is the quantity of goods and services that will be bought at any given price over a period
When Young pays the mortgage, she added the degree of ownership of real estate on every purchases she made. Furthermore, she was able to make loans for the purchase of ownership in large amount and refinance at a favorable rate. Property owners will also be eligible to take a tax deduction. Out of the corner of the financial benefits, owning a condominium will offer Young creative control towards the condominium. It offers the ability to make physical changes when she feels there is an adjustment needed. Young should compare the benefits of owning a condominium with financial risk that will be taken against the current plans for
This high demand can be due to what many people call “historical low interest rates” as more people are interesting in home ownership especially young people to take advantage of these low rates. A prosperous tech industry in the area that keeps attracting highly skilled workers who earn higher than average incomes increases demand. In her article “Housing affordability crisis drives Bay Area middle-class exodus”, Mary Ann Azevedo explains that the Bay Area created 114,000 new jobs in 2014 and only 8,000 housing units. Azevedo further explains this low inventory, “The City of San Francisco is still producing only 2,000 housing units per year — when it has needed more like 5,000 for the last 20 years and going forward.” These statistics provide a clear picture of the seriousness of the situation and explains one of the major reasons that are driving the prices up with no sight of slowing
Everyone will experience buying a house at one point or another. Why not have a real estate agent help you and guide you through the process? I chose this occupation because it interests me for many different reasons. Wouldn’t you like a job where your schedule revolved around your life? Or you could control the growth of your business? Or basically over time, be your own boss? These are a few of the many reasons the real estate industry has caught my eye.
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the money they put down for a down payment is an investment. When the person sells the home they get back the down payment and the amount the property has appreciated in value. When looking at the advantages of renting it is easy to see the disadvantages of buying for some people. Even though you don’t get the money back that you put into it, renting could be a more satisfying option for some. This is because renting allows for flexibility. The person can move wherever as soon as there lease is up. Renters may see buying as “a reduction in lifestyle, moving to a smaller place, and perhaps a less expensive neighborhood.” (CNN Money, 2014). For example someone who rents an apartment enjoys how the complex keeps up the area and all the amenities it has to offer, and it is in an upper class part of town. However, when they buy they looks all the benefits, they have to do maintenance themselves, and move to an area they don’t particularly like to fit their price range.
Buying and owning your home is part of the American dream. Although the dream itself has since changed, the home still remains the main focal point. Today owning a home doesn’t necessarily mean a house. People now buy duplexes, cooperative apartments, and condominiums. For some families it could take up to a couple of generations before it’s able to have the capabilities of buying a home. To many people it means a certain achievement that only comes after years of hard work. It is a life altering decision and one of the most important someone can make in their lifetime. The reasons behind the actual purchase could vary. Before anything is done, people must understand that it’s an extraneous process and it is a long term project.
When valuing the property, the figures should not be the only issue but also the demographic factors and the services offered. When valuing the property, everything within the property should be assessed. The items inside a house should be valued by the size, the cost and the age of existence, this includes the furniture’s and any other utensils that may be available. For items like the computer, the cost and the make are of importance. The car should also be valued if it forms part of the property and the model and the year of make are of essence. The surrounding of the property should also be put into consideration; the geographical location of the property should be put into consideration (Tucker Sundeep, 2006).
When prices increase, the quantity decrease (Graph 1) and new firms enter the market in order to make economic profits. However this does not mean the real estate agents or brokers earn more money. On the contrary, the prices they charge may increase, but the number of houses each sell do not change (Goolsbee, 2005, Online). From this it is evident that the price of products in the real estate market is not affected by the entry of new firms.
Buying a home is something most people do at least once in their lifetime. Many people dream of buying their own home. The amount of new homes has grown tremendously and many people are buying houses. The median price of homes in California is approximately $500,000. The conventional way of buying a home is a procedure that takes a lot of time and patience. There are a few steps and procedures that are included in buying home. It includes getting pre-qualified by a loan agent to determine the maximum dollar amount of mortgage you can truly afford (real important step in the process), seeking a realtor, searching for homes, making offers, hiring a title company, an appraiser, home inspector, termite company and opening and closing escrow and other various services that benefit both buyer and seller. Buying a home is a complex process and most consumers do not know where to start and lack the education in regards to it.
As compensation they charge a fee for this agreement. Agent and Brokers also differ from a merchant wholesaler because they do not own goods and services that they buy and sell. Agents works closely with buyers and sellers with more lasting businesses (Kotler & Keller, 2012). An example of an agent with this representation is a real estate agent who enters into a contract to sell a house or business to a consumer. The relationship exists until the need is met and at this point the agent collects a pre-determined