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All Locations : Nationwide Real Estate Advice

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A moment ago
Alwoo7876 answered:
Here are some suggestions to ask the seller if you are purchasing a luxury condominium:

- What features does it come with that set it apart from other luxury condos in the area? Granite countertops? Marble floors? Vaulted ceiling? Spiral staircases? etc.

- Who designed the condominium? It likely wasn't the seller who built and designed it. A renown and trustworthy designer is worth a million "so-so" designers. My personal favorite luxury home/estate designer/builder is Jeffrey Colle, so I know exactly what to expect and what I want as far as design goes when looking into possible investments.

-How is the interior design? Is it unique? Who designed it? You might not think this matters, but in the case of luxury units, it certainly does, especially if occupiers are paying high dollar. The UK-based Interior designer Rene Dekker has some gorgeous examples of quality interior design on his site. I often look there for inspiration.

- What kind of profit is it drawing in on a monthly and annual basis?

- What is the property management company charging and are they top-notch?

- Are the occupiers all on 12-month lease terms? 6 months? Or month to month?

- How is the crime rate?

- How many vacancies does the property have?

- How the neighborhood quality?

- What's the property taxes on it?

I'm saying all of this assuming you are wanting to invest and monetize the condominium, rather than buy one to live in.

Resources:
1) http://www.m.jeffreycolle.com/elements-of-distinction/
2) http://www.renedekker.co.uk/projects/residential/
3) http://parkplaceid.com/blog/index.php/page/6/
... more
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A few minutes ago
Susie Kay answered:
I would suggest that you work with a credit repair company. You may want to connect with a local realtor and ask for referral.
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A few minutes ago
Marionlanding asked:
A few minutes ago
Susie Kay answered:
A few minutes ago
Alwoo7876 answered:
First off, you'll want to consider a few things:

- Who is the designer? Whoever built your luxury home of interest should have a reputation for producing quality results. There are a lot of so-called luxury builders who happen to use low-quality materials and still charge high-dollar. A luxury home is not cheap, therefore the buyer must beware of luxury homes built by little-known builders. Craftsmanship, attention to details and longevity should be the focus of any quality designer/builder.

- What materials were used? This is extremely important because low-quality materials will not last as long as their counterparts. For example, using aged hardwood rather than plywood is obviously going to provide you with a home that you can pass down from generation to generation. Plywood is a cheap, low-cost material that doesn't last very long. This applies to flooring and walls as well. Floors made of Italian marble will likely last decades longer than any synthetic flooring such as linoleum (which is used is most in cheap modern housing).

-What are the features that come with the home? Does it come with stained glass windows? Spiral staircases? Granite flooring and countertops? A custom, polished wood library? One of my personal favorites as far as luxury design goes, is the work of Jeffrey Colle, a designer/builder who has done a lot of the gorgeous homes in the Hamptons. He uses old-world craftsmanship and mixes it with modern elements, for example, he'll take a fireplace originally a part of a castle in Europe and add it to a luxury home rather than the usual gas fireplace. Handcrafted and carved designs in stone and wood also make excellent features in a luxury home.

- Ask about the location, is it a waterfront property? Does it reside in a safe, low-crime area? How easy is it to access the freeway from there? Does it come with a private drive and if so, is it updated with modern security equipment (i.e. cameras, microphone, alarm system in the case of a breach) or not? Is it in the country?

- Is it in compliance with zoning and local laws? Has the land been checked for sinkholes?

Ultimately, your home is an extension of you. If you don't feel that it fits you and your lifestyle, then I wouldn't recommend purchasing it because luxury homes don't always sell fast, so if you want to get rid of them right away, you could be out of luck for awhile. Be very careful about your choice!

Reference:
1) https://medium.com/@alwoo7876/five-things-to-consider-when-designing-your-luxury-home-7372ed8b841d#.k96ckbgjq
2) http://www.m.jeffreycolle.com/elements-of-distinction/
... more
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A few minutes ago
Lindaottsweet answered:
From my personal experience so far regarding my credit profile,i earlier didn't know how about it was and when i knew i had foreclosures,later payments and even over dues,i felt really bad because then it was late and the result of my bad credit affected my credit score which was about 379 and to get my loan approved i needed 700 and above,i sort for help from big credit repair companies,but they couldn't help me get my score where i wanted to be in the short period i need to get a loan to keep a roof over my child's head,till a lender introduced me to a repair man who has access to this credit companies who got my credit clean and also educated me about how to maintain my credit and maintain a really good score, hackhemp((at))gmail((dot))com is where ill refer anyone that needs a deadline fix on there credit .you can thank me later. ... more
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A few hours ago
John Tahtabrounian asked:
A few hours ago
Wayne Jones asked:
Would like to find a one bedroom in the areas of Crown Heights, Bedford Stuyvesant or East Flatbush. Rent cannot exceed $1600. Landlord must be willing to accept partial payment by program…
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A few hours ago
Jonathan Klurfeld answered:
You will need to have an attorney review your contract as it depends what the mortgage contingency clause of the contact says exactly.
0 votes 1 answer Share Flag
A few hours ago
Jonathan Klurfeld answered:
Um at closing, where else? If you dot know basic answers you REALLY need to hire a real estate attorney at the least to closing the transaction and guide you through FL law.
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A few hours ago
Regina Burnette asked:
Is there any private owners willing to let me pay 4 months in advance, I have mods lined up I just need to be in the state.
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A few hours ago
Rio answered:
First of all, when hiring an agent, it should be agreed, in writing if needed, to terminate the listing if you are not happy. Some will ask for an advertising fee up front that is non-refundable if there is one. Ask the broker in charge. They will probably try to ask you to let them put another agent on the listing, but, tell them no if you wish. Also, ask about the license # on your contract. Otherwise, another agent with the correct 3% commission for the buyers agent shows you are giving the company a chance. If you are not satisfied with the answers you get tell them to come get their sign and lockbox. Larger companies are not always the best. A "top selling" agent with a team is not always the best choice either. Customer service seems like it has gone out of style, but, after 22 years of being a Realtor myself, I know it should still be the number one objective. ... more
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A few hours ago
Tammy Kivell asked:
A few hours ago
Aleah Cassianni asked:
I am desperate to find a place and have had no luck so far:/
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