With so many things that I do, I am an applied learner and when I started it Real Estate Investing it was no different. Talking about something is all good but it usually isn’t until I have to use the information that I get it. So, with all that I learned about real estate investing before I actually purchased a property; one thing that didn’t quite register for me was who paid who commission and when. Call me slow or whatever, but as a beginner, the bottom line is I think that there may be other new investors out there that can benefit from my admittance of not really getting this part of buying and selling of a property. What I did know was that I wanted to try to sell a house on my own so I could save the 3% commission. I didn’t really get how the buyers commission would work if I sold my property without a listing Realtor or with, for that matter. It was a commission that I omitted in my calculation and 3-6% is a costly omission when you are trying to flip a home.So let’s break this down:1. Most of us get that if you purchase a home you don’t pay a selling or buying commission for an agent, that is all paid by the seller. Your costs for buying are just the costs at the title company plus the cost of the house and any up front interest and insurance.2. If you sell the house without a realtor and list the property yourself, you pay the cost of listing on MLS, which you can find flat fee brokers who will put it on MLS from anywhere to $400-500 dollars or up to 2%.3. When you list and market a property yourself–duh–you still pay a buyers agent commission if the buyer is brought by a realtor. 4. And finally, this is the one I really didn’t get: if you have a listing agent sell the house for you and you bring in a buyer yourself, you still pay a buyers commission to your listing agent. This is something I did not realize as an investor and because I didn’t understand, I wound up embarrassing myself disputing this fact with the Realtor I was working with. I contacted a buyer that I spoken to about this particular property and they decided they wanted to make an offer if they could get some financial issues worked out. So, I told my Realtor about the buyer and he contacted them. When they made the offer and he sent it over, the offer included the commission for the buying side. I thought he was trying to make some extra cash and it turns out I was wrong! Once you have a listing agent, you pay a buyers commission on top of the listing commission no matter what!So, for those of you out there that are new at investing, I hope this helps when you go to figure out who pays what commission and when. When it comes to making a profit it is best to have these costs included up front. Good luck as you begin in Real Estate Investing!
St Lucia real estate offers many opportunities for people who want to invest in the rental market. Buying a property for long term leasing requires careful consideration. In order to ensure that your property has a high occupancy, you must purchase in the right location. Investing in an area for which there is a high demand will make your life as a landlord profitable and fulfilling! Here are my 3 top choices of locations for purchasing St Lucia real estate for long-term renting.CorinthCorinth, located in the district of Gros Islet, is a great location to buy a rental property. It is right in the middle Castries and Rodney Bay, the 2 main commercial centers in St Lucia. This makes it an extremely convenient housing location for the thousands of people who work in these towns. Being 10 minutes from Rodney Bay is particularly appealing for many renters as this is a lively, hip and fast developing part of St Lucia.Corinth has many facilities for residents including a gym, supermarket and a secondary school. These are very appealing to renters and increase the desirability of the area. The location is also home to numerous small businesses as well as large corporate enterprises such as LIME. There is therefore always a strong demand for apartments in Corinth.Tapion Tapion, located along the southern border of Castries harbor is appealing by virtue of its beauty alone. It is a very scenic area with views of the harbor and Caribbean Sea. From here, cruise ships entering and leaving Castries are an impressive sight! This sea side neighborhood, with its constant breezes, is great for taking morning or evening walks. Tapion also has a small beach used mainly by residents.Only 5 minutes from the center of Castries, Tapion is a very appealing location for people who work in the city. The area is also home to many well established institutions such as the Tapion Hospital, St Lucia School of Music, Police Training Academy and Tapion School. Doctors, nurses, teaches and civil servants therefore provide a steady demand for apartments in the area.Beausejour The community of Beausejour is a relatively new frontier in St Lucia real estate. The neighborhood sprang to life with the establishment of the Beausejour Cricket Stadium in 2002 – one of the most modern cricket stadia in the Caribbean. The construction of the stadium opened up a previously virgin part of St Lucia. Numerous housing projects later, Beausejour is now an extremely desirable residential area in the north of the island.Beausejour is only 5 minutes from the town of Gros Islet – a legendary night life hot spot. Rodney Bay is also a short drive away. This means residents of Beausejour have quick and easy access to some of the best amenities the island has to offer. The Pigeon Point and Reduit beaches are also within proximity of Beausejour. This is a lively, up and coming area with a steady flow of demand for rental apartments.If wisely chosen, an investment in St Lucia real estate will reap financial rewards. The first step is choosing a location that will ensure a high ROI. Residential areas close to urban centers are in high demand for people seeking apartments for rent. This is usually a great place to start if you want to invest in an apartment building.
If you’re looking to sell your home fast, then this article is for you. If you’re home has been on the real estate market for a long time and has had a lot of visitors but no sales, then you will benefit from the home selling tips listed in this article. And if you’re currently investing in real estate but a home that you purchased hasn’t sold yet, than you will benefit from this advice also.Selling your home fast doesn’t have to be a complicated process. The first thing that you want to consider when showcasing your home is to point out the most attractive feature to your buyer. You want to make sure that your home is design to sell and that all minor repairs have been attended to before you put it up for sale. Your real estate results will be much better if you’ve put in the work and time to renovate your home specifically for selling.To help with the designing of your home for setting it up for sale, you have 2 options. You can either do it yourself, or hire the help of professionals. Both have their pros and cons, so you should weigh them both evenly.The benefit of doing it yourself is obvious. You can save money, but your time will be spent focusing on one repair. If you hire the help of professionals, you will have more time to work on other areas of your home, but it’s your money that will be spent. You have to decide which will be better towards making the sale.If you hire the help of professionals, you should hire an interior design team. This team will decorate your home and stage it properly to make it sell. A properly designed home will definitely help to close a sale faster than a home that is full of clutter.You should also consider hiring someone to organize your home. This organizer should go through your home and organize all key areas of your house such as the attic, garage, basement, and closets. These are areas that buyers have a keen eye for, so you want to give the best impression when buyers view your home.After the interior of your home is staged properly and is ready to sell, it’s time to market it. Either you or a photographer can take pictures of your home so that you can market it online and via newspapers. You want clear, clean, and crisp pictures of your home.You should consider hiring a photographer because more than likely they will have one of the best cameras available that will be able to take the beautiful pictures you need to sell your home. Or if you can afford it yourself, purchase a highly-quality camera that will be able to take the kind of pictures you need to sell your home.All of these tips will impact you selling your home now so you shouldn’t take them lightly. When it comes to real estate selling, all of these points are crucial so you should skimp on any part. Skimping on key areas is the main reason why homes don’t sell fast, you want to ensure that you take each area seriously. Good luck with the selling of your home.