RealtyCast Global #9 Mastering Currency Exchange for International Property Investment with Christian Assal

RealtyCast Global #9: Mastering Currency Exchange for International Property Investment with Christian Assal

Welcome to episode #9 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

When it comes to international property investment, the importance of understanding currency exchange cannot be overstated. RealtyCast Global’s latest episode featuring Christian Assal from Currencies Direct offers an in-depth look at how foreign exchange markets can be the deciding factor between success and failure in real estate investments abroad.

Christian Assal brings to light the often-overlooked aspect of foreign property investment – the exchange rate. He explains how choosing a specialized foreign exchange company over traditional banks could result in significant savings. This is particularly crucial given that currency exchange rates are influenced by a multitude of factors including interest rates, economic data, and geopolitical events.

As the global economy continues to evolve, so too does the landscape of investing. The episode delves into the unpredictable nature of the foreign exchange market, especially following impactful economic events like the recent surge in lumber prices. Christian provides strategic advice on managing currency exposure through methods such as diversification and hedging, highlighting the importance of aligning investment risks with one’s personal risk tolerance.

The podcast doesn’t shy away from the latest hot topic in the investment world – cryptocurrencies. Christian discusses the volatility of Bitcoin’s value and the potential dangers of making emotional investment decisions. The episode also makes bold predictions about the evolution of online trading platforms, mobile app innovations, and the pivotal role of blockchain technology in ushering in a financial revolution.

Furthermore, the conversation takes a turn towards regulatory futures, stressing the significance of staying informed on current events to make educated decisions in foreign exchange investments. This insight is particularly valuable for those looking to capitalize on the shifts in the digital investment landscape.

Christian Assal’s expertise shines through as he discusses how Currencies Direct provides competitive rates and faster delivery times, saving clients considerable amounts of money on currency conversions. The company’s focus on undercutting traditional banking fees presents a compelling case for investors to reconsider their approach to international fund transfers.

The podcast wraps up with a discussion on the future of foreign exchange and investing, emphasizing the need for regulatory compliance in the cryptocurrency space and the continued advancement of trading tools and security measures. Christian’s bullish outlook on the future of investment platforms and blockchain technology promises exciting times ahead for global investors.

Overall, the episode serves as a comprehensive guide for anyone looking to navigate the complex world of currencies and international property investment. It underscores the critical role of currency exchange knowledge in maximizing investment returns and offers a roadmap for investors to thrive in the digital era.


Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

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About the Guest – Christian Assal:

Christian Assal is the Business Development Executive with Currencies Direct.  Currencies Direct is a premier option for your clients to exchange their currency securely and effortlessly.  We assist foreign buyers and sellers by offering them far better rates of exchange than they receive from their bank when making transfers, we have multiple routes for your clients to choose from when transferring their now secure exchange, with of course one of the top foreign exchange firms in the industry to ensure risk mitigation.

This provides an additional service you can offer your clients, and even better, we allow you and your clients to keep their focus on the excitement of buying a beautiful property, all the while knowing that Currencies Direct has the transfers handled throughout from the first contact until the close. Your clients can always speak with me and ask any questions all along the way.

In addition, we have an affiliate partner program that is designed specifically for agents like you and is free for you and your team.  The program enables your clients to take advantage of our exchange rates saving them large amounts of money when transferring funds internationally.  We can manage and update you and your client on the entire payment process from first contact to close, and provide you and title companies transfer confirmations, all while ensuring your clients receive the best exchange rates.   We also offer optional RESPA-approved referral fees for introductions to clients who utilize our services if that is something you are interested in. 

Connect with Christian on LinkedIn: https://www.linkedin.com/in/chrisassal

Contact Christian: christian.assal@currenciesdirect.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #8 Madrid Real Estate Market & Spanish Culture with Antonio Barbosa

RealtyCast Global #8: Madrid’s Real Estate Market & Spanish Culture with Antonio Barbosa

Welcome to episode #8 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

Madrid, Spain, is not just a city; it’s a way of life—a blend of rich history, vibrant culture, and a dynamic real estate market. Navigating this market requires a nuanced understanding, something that Antonio Barbosa, a seasoned real estate professional from Infinite Solutions in Portugal, offers in abundance. In the latest podcast episode, Antonio is back and delves deep into the heart of Spain’s capital, offering an expert guide to those looking to call this lively city home.

The allure of Madrid is multifaceted, with its strategic central location and distinct seasons creating a living experience that is both vibrant and varied. This diversity extends to the real estate market, where the priorities of urban dwellers—lifestyle, work, and education—contrast with the laid-back coastal life sought by many. Antonio explains that, in Madrid, clients often look for properties that serve as more than just holiday homes; they are looking for places that enhance their quality of life, support their professional aspirations, and provide access to top-tier education.

However, the process of buying property in Madrid is markedly different from that in the U.S. The absence of title companies and escrow, the role of notaries, and the nuances of securing loans as a foreigner are all parts of the complex tapestry that buyers must navigate. Antonio provides invaluable insights into the financial aspects, such as the influence of the Central European Bank on interest rates and the possibilities for foreigners to obtain loans for property purchases in Spain.

The conversation then shifts to the importance of finding the right community, a key element for a smooth transition into a new life abroad. Whether it’s for retirees or families, understanding the local social fabric is essential. Antonio’s advice is not just theoretical; he shares practical steps for connecting with the right people and leveraging referrals, easing the integration process for newcomers to regions like Portugal and Spain.

The podcast episode doesn’t just offer advice; it paints a picture of Spanish life that goes beyond the bricks and mortar of real estate. Discussions about the cultural significance of siestas, tapas, and the Spanish approach to meals and social gatherings offer a taste of what it means to truly live in Madrid. Antonio’s passion for the city is evident as he discusses the local cuisine, the significance of sports—particularly football—and the factors that make Spain a safe and desirable destination for expatriates.

For anyone considering the leap to Spain or Portugal, the episode with Antonio is not just a must-listen—it’s a gateway to understanding the essence of Spanish living. His insights serve as a compass, guiding listeners through the labyrinth of Spanish real estate and the rich tapestry of its social traditions. With a focus on integration, community, and embracing the Spanish lifestyle, the episode is a treasure trove of information for those ready to embark on a new adventure in the vibrant landscape of Madrid.

In conclusion, Antonio Barbosa’s discussion on Madrid’s real estate and cultural wonders is a comprehensive guide for anyone looking to plant roots in Spain. With his expertise, listeners are equipped to navigate the intricacies of the Spanish property market and embrace the full spectrum of life in one of Europe’s most enchanting cities.

The world of US immigration may be intricate, but with the right guidance and understanding, it is not an insurmountable challenge. Tune into this episode of RealtyCast Global to gain an enlightening understanding of US immigration and its impact on the real estate industry, as shared by one of America’s leading immigration attorneys, Karen Weinstock.


Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

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About the guest – Antonio Barbosa:

António Barbosa is a REALTOR® living in Portugal and with more than 20 years of experience in Real Estate. He will tell you that he doesn’t sell homes; He fulfills lifestyle dreams. He’s a charming man with the most disarming smile who makes friends wherever he goes. If you are not his friend, it’s because he hasn’t met you yet!

He prides himself in being part of the decision of more than 500 families making Portugal their new home. In addition, He considers his biggest achievements in life the personal and business relationships he built, which led to long-lasting friendships not only with his esteemed clients but also amongst his distinguished colleagues!!!

He’s happiest helping people to find a home or wealth investment property in Portugal or worldwide. His company name is “Infinite Solutions”, and it’s a perfect name because he’s not problem-oriented, he’s all about solutions.  

He’s also a world traveler and foodie, so if you need a solution of where to go for dinner, on vacation, or where to buy your next lifestyle property, he’s your person! He speaks fluent Portuguese, English, and Spanish.

Antonio is a proud Member of FIABCI-USA as well as NAR® and holds the CRS® / CIPS® and ABR® designations.

Antonio’s website: https://www.infinite-solutions.pt/

Connect with Antonio on LinkedIn: https://www.linkedin.com/company/infinite-solutions-by-antonio-barbosa/

Contact Antonio: antonio.infinitesolutions@gmail.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #7 Demystifying US Immigration Laws & Purchasing Real Estate with Karen Weinstock

RealtyCast Global #7: Demystifying US Immigration Laws & Purchasing Real Estate with Karen Weinstock

Welcome to episode #7 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

The Immigration Nationality Act of 1952 stands as an archaic law in dire need of revision to accommodate the current workforce realities. In the latest episode of RealtyCast Global, Karen Weinstock, the managing attorney of Weinstock Immigration Lawyers, spotlights the urgent necessity for an overhaul of this antiquated legislation on US immigration. An immigrant herself, Karen brings her personal insights to the fore, outlining the law’s inconsistencies and the pressing demand for reform.

In a captivating twist, the conversation explores the labyrinth of foreign nationals acquiring property in the United States. Debunking common misconceptions, we delve into the constraints non-US citizens face when attempting to procure a mortgage and gain employment in the US. Karen underscores the significance of an active business investment for securing an investor visa, shattering the myth that mere real estate purchase suffices.

Weinstock Immigration Lawyers have assisted numerous Fortune 500 and publicly traded companies to secure global talent and ensure a seamless transition for foreign employees and their families. Karen’s unique blend of professional expertise and personal immigration experience equips her to guide clients through the intricate US immigration system.

The dialogue extends into the realm of immigration objectives specific to foreign nationals involved in real estate. A captivating success story reveals how these objectives can be achieved despite the hurdles imposed by the immigration quota system. The account of a Canadian real estate investor securing an investor visa, with Karen’s expert guidance, serves as a compelling example of the achievable possibilities.

Despite the current immigration quota system, which still harks back to the outdated provisions of the Immigration Nationality Act of 1952, it is possible for foreign nationals to successfully navigate the US immigration and real estate landscapes. Through proactive investment in active businesses and proper understanding of the immigration laws, foreign nationals can achieve their American dreams.

Karen’s deep understanding of the US immigration system and her commitment to her clients are evident in her success stories. Her dedication and drive to facilitate positive immigration experiences for her clients make her a respected figure in the legal and business communities across the country.

Whether you’re a foreign national looking to invest in US property, a company seeking to bring foreign talent into the US, or simply interested in understanding the complex world of US immigration, this episode offers invaluable insights. It underscores the importance of seeking expert advice when navigating the multifaceted terrain of US immigration and its impact on the real estate industry.

The world of US immigration may be intricate, but with the right guidance and understanding, it is not an insurmountable challenge. Tune into this episode of RealtyCast Global to gain an enlightening understanding of US immigration and its impact on the real estate industry, as shared by one of America’s leading immigration attorneys, Karen Weinstock.


Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts


About the guest – Karen Weinstock:

Karen is the Managing Attorney of Weinstock Immigration Lawyers, one of the best immigration law firms in Atlanta, Georgia. With over two decades of experience, she has substantial expertise representing U.S. and international companies to secure global talent and ensure a successful transition for foreign employees and their families.

Karen has represented Fortune 500 and publicly traded companies in both the U.S. and abroad. She has helped many European, Asian, and Latin American enterprises and international investors achieve their American Dream.

Born and raised in Israel, Karen immigrated to the United States in 2000. Karen’s compassion for clients and commitment to excellence distinguishes her as one of the best immigration attorneys in the nation. Legal and business communities across the country regard Karen as a true leader in immigration and a role model among women entrepreneurs.

Karen’s website: https://visa-pros.com/

Connect with Karen on LinkedIn: https://www.linkedin.com/in/karenweinstock/

Contact Karen for a free case evaluation: (770) 604-1603

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #6: Innovative Strategies for Buying Property in Italy with Piero Lorenzo

RealtyCast Global #6: Innovative Strategies for Buying Property in Italy with Piero Lorenzo

Welcome to episode #6 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

The allure of Italian real estate has been a longstanding fascination for international investors, with its rich culture, exquisite cuisine, stunning landscapes, and historically significant architecture. The latest episode of RealtyCast Global delves into this captivating market, with seasoned real estate professional Piero Lorenzo providing invaluable insights and innovative strategies for buying property in Italy.

Lorenzo, who boasts a blend of Californian and Italian expertise, introduces a unique perspective of merging Italian and American real estate tactics. His revolutionary approach has proven to be a game changer for international buyers seeking Italian properties. Lorenzo’s strategies enable investors to immerse themselves in Italy’s captivating lifestyle while earning passive income via short-term rentals.

One might find it hard to believe that you can purchase an Italian property without setting foot in it. Yet, Lorenzo confirms that this innovative strategy has been a hit during the pandemic, allowing buyers to secure their dream properties from the comfort of their homes. He assures listeners that every aspect of these unseen property transactions is handled with caution, resulting in happy and satisfied clients once they finally set foot in their Italian homes.

The podcast episode also explores the nuances of property pricing and investment potential across Italy’s diverse regions. Lorenzo showcases a range of listings, from a fully furnished property in Umbria for $120,000, a two-bedroom apartment in Sardinia for $180,000, to a stunning apartment in Lake Como for $315,000. He mentions the potential for Airbnb rentals, adding that one of his clients has already found success with this approach in Sardinia.

In an intriguing segment of the episode, Lorenzo introduces listeners to a remarkable project, “Living the Italian Way.” This venture offers a distinctive fusion of sustainable apartments and an authentic Italian lifestyle experience. The properties, set in beautiful areas like Montepulciano, Palermo, and Salento, are designed to be environmentally sustainable and help the buyer integrate into the local community. Moreover, they can be purchased using the rent-to-buy formula, making them an attractive investment option.

Looking ahead, Lorenzo predicts a stable market for Italian real estate in the coming years. He expects price increases in areas with high demand for second homes, but notes that the overall market remains an attractive investment opportunity. His in-depth knowledge and passion for Italian real estate shine through, making this episode a treasure trove of information for anyone considering an investment in this market.

Overall, the episode presents a compelling case for investing in Italian real estate. With Lorenzo’s expert guidance, insider knowledge, and innovative strategies, the dream of owning an Italian property seems more achievable than ever. His insights not only demystify the process of buying property in Italy but also illuminate the potential for passive income and an enriching lifestyle experience. Whether you’re a seasoned investor or just starting your property journey, this episode is sure to provide you with valuable insights into the Italian real estate market.


Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts


About the Guest – Piero Lorenzo:

Piero was born and raised in lovely Tropea, Calabria. He lived in Florence for 21 years, where he was a Real Estate Broker for 13 years. In 2015 he and his wife moved to Santa Cruz, California (USA). 

Piero has been a California Realtor since May 2015.  In 2017, he received his California Broker license and is now Broker-Owner of  Lorenzo International Real Estate. In April 2021, he became an American citizen, so he now proudly has dual citizenship: Italian and U.S.A.

He lives in California but travels to Italy for long periods with his family at least twice yearly (totaling 3-4 months per year). In this way, he lives in two worlds, which also helps his family’s quality of life because they receive the best aspects of both countries, cultures, customs, etc.

Living on two continents, North America and Europe is the best gift you can give yourself – for your mind, culture, and well-being.

Piero’s website: www.pierolorenzorealtor.com

Connect with Piero on LinkedIn: https://www.linkedin.com/in/pierolorenzo/

Follow Piero on Facebook: https://www.facebook.com/lorenzorealestate.us/

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America

 

nvesting and Living in the Dominican Republic with Randy Chavers

RealtyCast Global #5: Investing and Living in the Dominican Republic with Randy Chavers

Welcome to episode #5 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

In the latest episode of RealtyCast Global, we delve into the potential of Caribbean real estate with seasoned expert Randy Chavers. Not only is this region a tropical paradise, but it also presents lucrative opportunities for property investment and remote work.

Randy shares his intriguing journey of investing in the Dominican Republic, one of the Caribbean’s most vibrant islands. Replete with geographical splendor, a thriving economy, and a strong tourism sector, the Dominican Republic beckons investors from around the world. Randy provides insight into the region’s undeniable charm and potential for profit, making it a prime location for real estate investment.

The journey of purchasing a property in the Dominican Republic is distinct. Randy emphasizes the importance of finding a reputable real estate broker and attorney. Although the process may seem daunting to some, especially those accustomed to title companies, Randy assures listeners that the Dominican Republic has an excellent system of recording properties, making the purchasing process seamless and secure.

One of the highlights of the episode is when Randy sheds light on the digital wave sweeping across the Caribbean. With the availability of Wi-Fi and the rise of convenient communication channels like WhatsApp, the Caribbean has transformed into an ideal destination for remote work. Randy also points out the prevalence of the English language in the region, making it even more appealing for international remote workers.

Living in the Caribbean is not just about work; it’s also about enjoying the high-quality lifestyle it offers. Randy provides a first-hand account of the local amenities available. He speaks highly of the quality schools, medical facilities, and dental care, indicating that living in the Caribbean does not mean compromising on comforts.

Tourism is a significant factor contributing to the Dominican Republic’s economy. Randy gives listeners a sneak peek into the Airbnb rental market, offering insights on tourist preferences and the allure of the North Shore. With an international airport in close proximity and a growing number of visitors each year, the Dominican Republic presents a prime opportunity for Airbnb rentals.

Investing in Caribbean real estate, particularly in the Dominican Republic, is a strategic move. It’s not just about owning a piece of paradise; it’s also about tapping into a region brimming with growth potential. With a steady increase in its Gross Domestic Product and a rising number of tourists, the Dominican Republic presents a promising future for investors.

This episode of RealtyCast Global offers an in-depth look at Caribbean real estate from an investor’s perspective. From property investment to remote work opportunities, Randy Chavers shares valuable insights that will inspire listeners to explore the possibilities in this vibrant region.

Whether you’re a seasoned investor or a beginner, this episode is a must-listen if you’re considering making a move in the Caribbean real estate market. It’s not just about investing in property; it’s about investing in a lifestyle and a future filled with potential. So, step into the world of Caribbean real estate with us, and you might just find your next big investment.


Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts


About the Guest – Randy Chavers:
Randy Chavers has 36 years of experience in real estate as an agent, broker-owner, managing broker for major franchises, and executive-level positions in real estate-specific Internet companies. 

Unique skill set combines award-winning performance in brokerage operations management with practical application of Internet strategies for real estate agents and brokers. 

Former Managing Director for Coldwell Banker Island Affiliates, a major franchise covering all Caribbean Islands and Western Atlantic including Bermuda. Licensed Real Estate Broker in Georgia and Florida.

Connect with Randy on LinkedIn: https://www.linkedin.com/in/randychavers

Contact Randy at: randy@randychavers.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global BLOG Header #2 Investing in Foreign Property with Stefano Lucatello

RealtyCast Global #2: Investing in Foreign Property with Stefano Lucatello

Welcome to episode #2 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

Are you dreaming of investing in a property abroad but unsure of where to start? Get ready to have your questions answered by the exceptional Stefano Lucattello, Senior Partner at Kobalt Law LLP. He’s not only a legal eagle when it comes to international property law, but he’s also the author of ‘Investing in Foreign Property: The Ultimate Guide to Buying Safely.’ Stefano’s insights will guide you to safely navigate the often complex world of buying properties abroad.

Our conversation with Stefano takes you on an intriguing journey from his roots in Italy to his successful career as a commercial lawyer in England and now, also an international property expert. He unpacks the intricacies of buying properties abroad, emphasizing the importance of understanding the taxation laws of the country you’re buying property in.

Stefano’s wealth of knowledge doesn’t stop there. He delves into the critical factors to consider when setting up a business abroad, guiding you through the process of declaring income tax for rental income and wealth taxes. We wrap up our enlightening conversation with Stefano sharing his excitement for opening an international cookery school and his plans for retirement. This episode is an essential listen for those considering buying property abroad. So sit back, relax, and let Stefano give you a masterclass on turning your foreign property dreams into a reality!

Those interested in purchasing a book can obtain a copy on Amazon. All profits go towards funding cancer research.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts


About the guest – Stefano Lucatello:

Stefano Lucatello is the Senior Partner and Head of Kobalt Law LLP.  He qualified as a Solicitor in 1988. Languages and Law have always been a very important part of his life and practicing career as a Solicitor. Kobalt Law LLP is the culmination of many years of practice both in England and abroad. Stefano combines his knowledge of English and foreign law to advise clients from around the world.

He practiced in Gibraltar as an international partner of a Leeds-based practice, where he developed his skills in offshore tax and trust law, advising High net worth individuals to protect their fortunes.

Stefano is an accomplished author, writing on many different international property topics and platforms, as well as appearing on his own Property TV shows and seminars.  He has written an international property buying guide, entitled, ‘Investing in Foreign Property: The Ultimate Guide To Buying Safely.’

The first edition was published in 2015 and the second in 2018, with an updated chapter on “Brexit”.

The book is a generic guide about what potential foreign property buyers need to know and be aware of when considering buying property abroad. Stefano says “People never learn that buying foreign property is no less difficult than buying in the UK. How can you possibly buy in a foreign country, without specialist legal assistance, like that provided by Kobalt Law LLP, international property lawyers?

It is very hard when potential buyers don’t speak the foreign language or understand the different foreign law that applies to foreign property purchases. 

They believe the agents, who say that they don’t need this kind of assistance, and merrily follow the agent’s advice to go to a foreign lawyer, without checking them out first.”

The book is filled with great tips and advice, which apply to most countries in the world and takes you from the moment you decide to start the property search journey, to completion of the purchase and then onto living your dream in that foreign country.  It has 10 chapters and takes 2 hours to read.  It has been described by certain well-known foreign property commentators, as “incisive and well written”, explaining difficult topics in an “easy-to-read way”. It has a notepad, at the end, so that readers can take the book with them and write notes as they visit agents.

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America

RealtyCast Global Episode 1 - Purchasing Property in Portugal with Antonio Barbosa

RealtyCast Global #1: Purchasing Property in Portugal with Antonio Barbosa

Welcome to the premier of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros. During this podcast feature, Hugh discusses the tips, tricks, and benefits of moving to Portugal with industry veteran Antonio Barbosa of Infinite Solutions. Whether you are a real estate agent with a client looking to purchase property in Portugal or a property buyer seeking advice on the steps to take, you don’t want to miss this discussion!

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.


About the guest – Antonio Barbosa:

António Barbosa is a REALTOR® living in Portugal and with more than 20 years of experience in Real Estate. He will tell you that he doesn’t sell homes; He fulfills lifestyle dreams. He’s a charming man with the most disarming smile who makes friends wherever he goes. If you are not his friend, it’s because he hasn’t met you yet!

He prides himself in being part of the decision of more than 500 families making Portugal their new home. In addition, He considers his biggest achievements in life the personal and business relationships he built, which led to long-lasting friendships not only with his esteemed clients but also amongst his distinguished colleagues!!!

He’s happiest helping people to find a home or wealth investment property in Portugal or worldwide. His company name is “Infinite Solutions”, and it’s a perfect name because he’s not problem-oriented, he’s all about solutions.  

He’s also a world traveler and foodie, so if you need a solution of where to go for dinner, on vacation, or where to buy your next lifestyle property, he’s your person! He speaks fluent Portuguese, English, and Spanish.

Antonio is a proud Member of FIABCI-USA as well as NAR® and holds the CRS® / CIPS® and ABR® designations.

About your host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America

What to Do If Your Home Does Not Meet FHA Appraisal Requirements?

Homebuyers who want to purchase their next homes using an FHA (Federal Housing Administration) loan sometimes get surprised if the property doesn’t meet FHA requirements. However, the FHA has several minimum standard requirements that the property should satisfy to protect lenders and loan lenders.

If homebuyers take a mortgage, they will use the property as collateral for the mortgage loan. This means that if the homebuyer defaults on loan, the lender automatically forecloses the property and can sell to reclaim the amount of money owed. Again, ensuring that the property meets the minimum standards protects lenders as it can be sold quickly and commands a high price.

Similarly, this requirement protects homebuyers as it eliminates possible costly home repairs and maintenance after purchase.

What are The Minimum FHA Property Standards?

The U.S Department of Housing and Urban Development requires that houses financed under FHA loans meet three basic standards. They include;

  1. Safety – homes should protect its occupants’ health and safety
  2. Security – financed homes should be secure
  3. Soundness – homes shouldn’t have visible physical deformities or apparent issues affecting their structural integrity.

That said, the department of HUD requires loan lenders to conduct an FHA inspection to ascertain the condition of the property and report their findings on an FHA appraisal form. FHA appraisal is among the many requirements that homebuyers should meet before accessing a loan.

For single-family detached homes, FHA appraisers should use the Uniform Residential Appraisal Report, which requires the appraiser to describe various basic features of the house. This includes the year built, number of stories, the number of rooms, square footage, and location. The appraiser should also note if the property requires any repairs or renovations.

Condominium units have slightly similar reports, only specific to the condominium. For instance, appraisers should note how many owner-occupied units are there and more. Also, note that FHA appraisal forms don’t include minor or cosmetic defects that don’t affect the property’s security, safety, and soundness.

Therefore, minor issues, such as poor workmanship, minor plumbing leaks, lack of all-weather driveway, damaged plaster, defective floor finish, and worn-out countertops, can be ignored. Even then, the FHA requires that significant problems should be remedied before the sale closes.

What to Do If Your Home Doesn’t Pass FHA Inspection

In some situations, the house doesn’t meet FHA inspection guidelines. Unfortunately, your mortgage loan can’t be approved until these issues are resolved. To secure funding, either the buyer, the seller, or the real estate agent should work on the necessary repairs on the property. Below are three possible outcomes if the property doesn’t pass FHA inspection;

  1. The seller conduct repairs

Even if the seller was selling the property, some situations might require them to undertake some repairs, especially if the repairs are inexpensive. For instance, sellers won’t have an issue repairing a minor paint chipping that costs less than $50. Therefore, you should share the appraisal report with the property seller to decide what they can handle.

  1. The real estate agents may repair

Real estate agents benefit from the 3% of the property purchase if the deal goes through. Therefore, they have everything to lose if the sale doesn’t close. For this reason, real estate agents may decide to spend a few thousand dollars to ensure that any property they are marketing meets FHA standards. However, this is very risky, especially if the FHA loan isn’t approved.

  1. The buyer makes the repairs

Another possibility is that you, as the buyer, step in to work on necessary repairs. However, this is not ideal, as the sale may fail even after spending a lot. Therefore, while you should take caution, you should only work on critical repairs to make the property eligible for an FHA loan. If you are not a construction expert, be sure to contact home restoration experts.

Note that these situations are not possible in properties sold by the bank. For example, when buying real estate-owned homes or foreclosed properties, where the seller is the bank, banks often don’t repair or grant access to potential buyers to repair. This means that the FHA deal is dead, and you might have to consider other types of loans to buy the property.

The Bottom Line

FHA loans are an easy way for borrowers to qualify for a mortgage. However, this doesn’t make it easier to buy a home. If the house doesn’t meet the minimum FHA standards, homebuyers have no option but to continue searching until they find a property that meets FHA standards. This is very frustrating, especially to homebuyers with limited capital and few property options within their price range.

Therefore, if you intend to purchase a home using FHA loans, you should know what to expect as you shop to restrict your search into properties that meet FHA guidelines.

How to Sell a House as an Owner in Wisconsin?

Selling your home can be surprisingly time-consuming and emotionally challenging, especially when you are doing it for the first time, or without the assistance of a real estate agent.

That is because you have to put in a lot of extra effort to make up for going completely Realtor-free. This includes exploring everything by yourself – the legalities, the processes, and even the listing platforms.  

With the right insights, you can make the selling process a lot more fun and much less expensive. Want to know how? Here is a comprehensive guide on selling your house in Wisconsin.

For Sale By Owner Guide for Wisconsin

Step 1: The Basics of Selling a House in Wisconsin

Selling your house is so much more than putting a “for sale” sign on your lawn. It comes with a learning curve that requires you to address many legalities and information that can eventually help you avoid costly mistakes. 

However, before exploring them, let’s start with the basics and give you an overview of what selling a home looks like in Wisconsin.

So, let us start by assessing your situation and determining what works for you – selling FSBO or working with an agent.

a) Pros and Cons of going FSBO (For Sale By Owner):

Now that you have taken it upon yourself to sell your house, you should know what you are getting yourself into.

ProsCons
By listing your property as For Sale By Owner, you save yourself the commission you will otherwise have to pay an agent in Wisconsin, which is an average of 5.93%.By going 100 percent relator-free, you will potentially receive fewer offers. Plus, if your property is in a remote location, you may end up selling your home for a lot less in much longer of a timeframe.
As a seller, you will have complete control over the listing and marketing strategies. It means you get to decide where you will list, and how you will market.Marketing efforts require time, hard work, and money, which can be a little overwhelming for a lot of first-time buyers.
When you list as FSBO, you also have control over the showing schedule and open houses.Managing a listing can be painstaking. We mean, imagine answering calls, scheduling, showing, and coordinating open houses all at the same time!
You will be on your schedule and take out time to find the perfect buyerYou may still have to pay commission to the buyer’s agent as 88 percent of buyers in the United States purchase their home through a real estate agent or broker. Source

b) Pros and Cons of Working with an Agent:

ProsCons
An agent will handle all the legal matters for you, listing your property in the local Multiple Listing Service (MLS), signage & possibly some additional marketing.You will have to pay the Realtor a commission for their services. The commission can go as much as 5.81% of the total sale price in Wisconsin.
Hiring an agent will save you a lot of time and energy. They will handle the clients and schedule the showings as well.Listing with a Realtor means that you will have to work around your Realtor’s timeline, which could mean lag time from when an offer is presented to when you hear about it. Or, if your Realtor is eager to sell, he might pressure you to reduce the list price to something less than what you were hoping for so that he can make a sale.
You will save yourself a lot of time and energy by hiring a Realtor – be it in terms of handling clients or scheduling showings.

Are you wondering how you can avoid this long list of cons? Or at least alleviate some of them? Well, RealtyHive can surely help you with that. 

If you wish to sell FSBO and do not know where to begin with your marketing efforts, we can help and guide you to more offers and a successful sale.

Moreover, if you are working with an agent and feel that they are not doing enough or that you’d like to see more activity on your property for sale, we’ve got your back there as well. We can work with your agent towards getting more offers, and your property off the market as soon as possible. 

And, if this isn’t enough, we can even feature your property in one of our very successful Time-Limited Events. This range-style pricing creates a sense of urgency, triggering the buying impulse, hence, leading to more buyer interest, more offers, and a higher final sales price!

Plus, we even offer cashback through our Cashifyd feature to the buyer at closing, enticing them even more to place an offer! But, don’t worry; this is all paid for by the Buyer’s Agent. Sounds like a win-win situation to us; what about you? 

Click here to learn more about RealtyHive and our offerings.

c) Do you have to have an attorney or a real estate agent to sell your house in Wisconsin?

Technically speaking, the answer is no. Unlike in few other states, there aren’t any legal provisions in Wisconsin that emphasize or even mention the mandatory role of a real estate agent in selling a property. Likewise, there are no provisions provided by law for an attorney as well.

You don’t “need” a real estate agent to sell your home. You can do it yourself with exemplary dedication and the right action plan.

However, the same cannot be said for an attorney. During your home selling journey, there will be times when you will have to involve an attorney. That’s because an attorney is the only person if you aren’t working with a Real Estate agent that can:

  • review the buyer’s offer to purchase
  • draft your counter-offer or make amendments to existing offers
  • determine the closing cost
  • prepare a deed and other documents required at the time of closing
  • ensure that the buyer meets all their legal obligations
  • collect the agreed-upon money at the time of closing
  • assist you on all legal fronts – with conflicts and even questions

Reference: Link

d) What legal documents should you have before putting your house on the market?

Here are a few documents you should have before you sell your house. Having these documents readily available will not only help you list your home quickly in Wisconsin but will also help you dodge hiccups in the later stages.

  •  A plan or survey of your property
  • Either a deed or your mortgage agreement
  • The most recent real estate tax bill
  • Condominium documents, if your home is a condominium
  • Homeowner association rules and fee schedule (if applicable)
  • Real estate condition report

e) What are some disclosures that you need to make before putting your house on sale?

Disclosures are pretty crucial when selling a house. While you may be tempted to sell your home ‘as-is’ – without any disclosures, failing to report specific issues can have legal repercussions on you later. Plus, it may even derail your sale.

Reference: Link

In Wisconsin, all the disclosures must be presented before the buyer on what is known as a “real estate condition report.”

As the name suggests, this document reports your property’s condition, informs buyers about the existing problems, and may eventually decide your house’s market value.

So, in a nutshell, having an excellent real estate condition report is not only a mandatory provision but is crucial if you want to sell high in the state of Wisconsin.

Here are some disclosures that have to be on your report:

  1. Structural Defects: The seller must disclose the existing defects on the property’s significant elements; you can define significant elements as:
  • Something that can alter your property value
  •  Something that poses a health or safety risk to future inhabitants
  • Something that may shorten the lifespan of the listed property

Reference: Link

2. Legal Issues: You need to disclose the persisting legal issues of your property (if any) in the report. It can include but is not limited to property line disputes, shared well agreements, encumbrances, etc.

For more info, you can read this link.

Besides the disclosures mentioned above, here are some other disclosures necessary according to the state of Wisconsin’s: 

  • A disclosure that your house was constructed before 1978.
  • Disclosing whether or not there have been any incidents of lead-based paint hazards in your house in the past. If so, you will even have to provide the inspection report on the same as a disclosure in the report.

f) What are your rights as a seller in Wisconsin?

Now that we have talked about your legal obligations, let us also address your rights as a seller in Wisconsin.

  • As a seller, you are free to list, advertise, get your property inspected, and put a reasonable price on it.
  •  As a seller, you can set some parameters for potential buyers before they make a purchase.  For example, a seller can demand a certain deposit amount before closing a deal or before the buyer’s mortgage loan verification.
  • As a home seller, you have the right to either accept or reject an offer on legitimate grounds. These can be:
    • The offered price was low.
    •  The prospect has an unstable financial situation.
    • You changed your mind about selling your house.

Reference: Link

g) What are the costs involved in selling a home in Wisconsin?

It is a no-brainer that selling a home comes with considerable expenses. So you must be aware of these costs before listing your property on the market.

They are:

  1. Title Insurance:  This insurance is a document that protects buyers from claims against their ownership of the property. As per Wisconsin’s law, this insurance has to be handled by the home seller before the closing of a sale. This document protects buyers from ownership problems like fraud, court judgment, unpaid taxes, and forgery.
    Reference:
  2. Transfer Tax: The cost that the “grantor” or seller must bear for transferring the property title. The state of Wisconsin charges the transfer tax based on the sale price. They charge at a rate of $ 0.3 for every $100 (or fraction thereof) of the purchase price. Additionally, you may be responsible for local transfer taxes that are decided by the local authorities.
  3. Costs Associated with Survey Issues or Remedying Title: This cost is circumstantial. It incurs only when issues are surrounding the title or the survey of your property. It bears an attorney’s total cost (for advice plus resolution) if any such problem occurs. 
  4. Municipal/Local Government costs: These are the localized costs you need to pay when you successfully make a sale in Wisconsin. These may include but aren’t limited to stamp taxes, recording fees, or other fees imposed by the county, city, or town.
  5. Attorney fees: While you may want to dodge any extra costs associated with selling your house, attorney fees will be something you won’t be able to avoid. Even though you may not need an attorney during the whole selling process, they are essential for making deeds that close all your real estate interactions. 
  6. Fees associated with a Realtor/marketing platform/or auction website: If you want your Wisconsin home to be off the market quickly, these costs are somewhat inevitable.

But why do you have to pay?

Realtor: As a private seller, you will have to pay realtors on a few fronts, be it for their assistance in listing your property on an MLS or for their help at the closing. 

These fees are fair as they ensure a smooth selling process and a quick closing for your home.

Marketing platforms much like RealtyHive can help your property gain visibility and traction with their various campaigns and events. 

Investing in such marketing platforms can help you reach out to potential clients and get qualified leads. Thus, helping you land more offers. Auction Websites: With online auctions, and their time-bound approach, you can attract many buyers and shorten your sales timeline. And if things go well, you can even get an excellent price on your home!

Step 2: Making preliminary preparations

Now that you have a clearer picture of the legal considerations and the basics of selling a house in Wisconsin, it is time to strategize and get things done to get the best offers.

a. Deciding when to sell

There is no specific season that’s best for selling a house in Wisconsin – wrong!

If you look at the stats provided by WRA, you will understand that there are certain months during which Wisconsin’s real estate market booms both in terms of the number of sales and the median selling prices.

Understanding these Wisconsin local market trends and timing your home sale accordingly can make or break how quickly your house will sell. And sometimes, it can even pay dividends.

RegionThe month with the greatest number of salesThe month with the highest price
North Region

Ashland, Barron, Bayfield, Burnett, Douglas, Florence, Forest, Iron, Langlade, Lincoln, Oneida, Polk, Price, Rusk, Sawyer, Taylor, Vilas, and Washburn
AugustAugust
Central Region

Adams, Clark, Juneau, Marathon, Marquette, Portage, Waushara, and Wood
JuneAugust
North-East RegionJulyAugust
Brown, Calumet, Door, Fond du Lac, Green Lake, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca, and Winnebago
South-Central Region

Columbia, Crawford, Dane, Dodge, Grant, Green, Iowa, Jefferson, Lafayette, Richland, Rock and Sauk
JuneJune
South-East Region

Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington, Waukesha
JuneJune
West Region

Buffalo, Chippewa, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, St. Croix, Trempealeau, Vernon
JuneJune

After evaluating the data of Wisconsin housing statistics, it is very evident that the best months for putting your house up for sale are May, June, and August.

You can even find information specifically on your county here if you want to study your real estate thoroughly. This link will fetch you all the relevant data and help you set a timeline for your sale.

b. Pricing your house

If you do not know what your house is worth in the real estate market, the chances of your success as a private seller are pretty slim. 

As important as it is to price your home correctly, it is not always the easiest.

Homes that are listed at far too high of a price often sit longer in the market. Due to this, sellers tend to lower the listed price multiple times to find a suitor. 

However, this doesn’t work well the other way round either. If you list your house below the market value, you won’t always make a profitable sale, even if you receive tons of offers.

So, what to do? Price your home correctly!

How? Well, usually, when real estate agents are in the picture, they are the ones that recommend your house’s value and its potential selling price. However, as a private seller, you do not have that luxury. So, in that case, you have two options:

Either you hire a surveyor to get an unbiased opinion on your property’s price, or you determine the price of your home with a “comparative market analysis.”

Comparative market research gauges your property’s value by comparing it with other properties that were on sale in the same neighbourhood in the last six months. Although essential, location isn’t the sole parameter of this analysis.

Here are five easy steps to do comparative market research for your Wisconsin property

  1. Location and time: Find the prices of properties that have been listed/sold in the last 6-months within a quarter to half a mile radius from yours. If you have no idea where you would find such information, you can always visit RealtyHive’s listings search tool to find properties in Wisconsin.
  2. Pay attention to details: Once done, shortlist properties in terms of location and screen homes that bear similarities to yours; this can be in terms of land size, age, interiors, etc.
  3. Do some digging:  For a more accurate comparison, screen houses that have been off the market for the past six months. Then, compare the original listing prices and selling prices of all these houses. Next, find any withdrawn or expired listings in your area (listing agreements that ran without a deal). Finally, if there have been any, find out the reason behind the withdrawal/expired listings. It will help you evaluate what not to do to sell your home.
  4. Analyze: Now that you have gathered all the relevant data, it is time to analyze it as per market conditions. Once you do that, you will know which listed property/properties are closest to yours.
  5. Price your home: Take a 10 percent variance and decide your optimum price. While doing so, always remember to leave room for negotiations.

    Reference: Link

c. Maximizing Your Home’s Value

To secure the best offer for your home, you will have to make it look presentable. Even though this part requires manual labour, it is the most rewarding part of the whole selling process. 

To make your home presentable, start by cleaning, decluttering, and then moving your belongings to storage. 

We also recommend considering cosmetic repairs so that your home looks more presentable to your potential buyers. 

Quick fixes also help to ace the aesthetic game. For this, we advise you to switch dim bulbs for brighter ones and replace old window treatments to make your house bright, airy, and open.

If you have the funds, you can even get the rooms in your house staged with rental furniture to attract more customers.

Apart from maximizing your property’s value, even get your pre-sale home inspection done during this time to shorten your selling timeline.

Note: Try avoiding heavy repairs and renovations as they are time-consuming. However, if such repairs add significant value to your home, you can get them done once you calibrate their feasibility from a financial standpoint.

d. Clicking Amazing Pictures of Your Property

As buyers are doing online research more than ever before, it’s imperative that your listing makes a lasting impact on anyone who comes across it.

And, needless to say, nothing makes a listing more attractive than multiple high-quality pictures. No, seriously, it has been observed that homes ($200,000 to $ 1 million range) that include high-quality photography sell for $3000-$11,000 more.

Plus, think about it, when you go online to buy something, you click on products that please the eye. So, it only makes sense to entice buyers with amazing pictures.

  •  Use only the latest smartphones with fantastic camera quality to click pictures. If you do not have the newest model or your phone camera is below par, stick to a professional camera. If you do not have one, borrow or rent one. If you have the budget, we highly recommend hiring an experienced real estate photographer as professional images can help you sell 39% closer to your original requested price.
  • Don’t forget to use wide-angle lenses to make your space look big and airy.
  • Post more photos on the listing websites. Homes with more photos sell faster. A home with one photo spends 70 days on the market; however, a home with 20 plus photos spends only 32 days on the market on an average. 
  • Click aerial pictures or get drone footage of your house. Houses that are listed with them sell 68 percent faster, and there is no doubt why.
  • Use well-lit recent photos without including yourself or your family in any of the pictures.
  • Edit your photos before you list them. Be cautious and do not go overboard while editing the images. Your potential clients won’t be happy if they learn that the online property was far from reality. So, do the usual lighting and contrast.

Reference: Link

Step 3: Listing your house

Now that you have equipped yourself with ample information on the subject. It is time to test the waters and select how you’d like to list your home for sale.

You can either follow the traditional way of listing (by putting up a “for sale” sign, distributing flyers, posting on newspapers, etc.) or list where the whole world is at – the internet.

Why should you list your property online?

Listing your house online can help you sell your property from the comfort of your home. 

It will screen out people that are actually interested in your property for you. Thus, saving you from unnecessary showings. 

Another good reason to list your home online is the limitless exposure of the internet that will help you attract a lot more buyers and grab even better offers.

Where can you list your home online?

Multiple Listing Website:

MLS or Multiple listing website is a property listing database used by licensed real estate agents and brokers to list homes or properties. If you are working with a Realtor, your home will be added to the MLS as part of the agreement.

Although the platform is for agents only, as an FSBO seller, you too can list your property to the local MLS by purchasing a “Flat-Fee MLS listing.”

A state-licensed real estate agent or broker will work as your access point to the MLS platform and provide you with an MLS entry-only service in a Flat-Fee MLS listing. You will still be the primary seller/point of contact and retain all the rights to sell it, except it won’t be 100 percent FSBO. This option will still get your property into the MLS without being as expensive as hiring a full-service real estate agent.

Social Media

With the world coming online, putting your home up on social media platforms is another excellent strategy to attract multiple potential buyers.

Take Facebook, for example; its robust ads can help you reach a larger audience depending on your willingness to spend. On Facebook, you can also find real estate groups to post about your property and attract interested clients.

Instagram can be equally valuable with its region-specific hashtags and ad campaigns that may attract buyers looking for houses in your locality.

Moreover, the advanced searches of Twitter and Linkedin can also help you get all the eyeballs on your listed house.

If you are still on edge with social media, look at this pros and cons list to decide.

ProsCons
Social media can help your property reach a larger audience.If you are selling solely through social media listing, there is no timeline on when you will make a successful sale.
It can give you a unique buyer pool.Paid for advertising on social media requires a lot of time, energy, and resources. In addition, you’ll have to be consistent and keep a close eye on all your accounts.
You will get instant feedback on how a vast audience takes your property. In addition, it will enable you to opt for various strategies.You may never know if your efforts will bear you the kind of results that you wish for.
It’s free to post on your page, marketplace, and in local groups.You may have to engage with many clients online, which can be overwhelming.

Auction or Time-Limited Event Listing

As the name suggests, an auction listing is where you can list your home online for an auction or Time-Limited Event. The bidding will take place online-only, and with RealtyHive, sellers can accept offers before the online auction occurs. As the seller, you have the option to select when you’d like the auction to take place and can consider offers prior to the event or wait to see bids come in during the online bidding event.

Real Estate auctions are an accelerated real estate marketing process that will help you increase the scope of your prospects. They also help you get more exposure and higher offers than your expectations due to the competitive bidding atmosphere.

While an auction listing provides instant market value to your home, it also enables you to put a minimum price on it so that whatever you earn is above your expectations.

References: 1, 2

ProsCons
Accelerate the process of sellingBidders can select what they’d be willing to pay (within the constraints of your set “minimum”)
Multiple Potential BiddersCost added with listing on these auctions
More exposure and creates a unique offering that stands out to buyers
Additional marketing options
Unique buyer pool – some buyers specifically look to purchase homes via auction.

With RealtyHive’s Time-Limited Events, you can list your home in an online real estate auction to get your property more activity and increase the likelihood of your home selling.

RealtyHive has over 30 years of experience in the real estate realm and is known for its track record of selling 1,000s of properties in the auction-style format.

Our time-Limited Events can help you sell your house in Wisconsin faster.

Click here to learn more about the company and its offerings.

In short, you want to get your home in front of buyers in every possible way as you never know who will be “the one” for your house.

Simple ways that can increase the prospects of selling your house:

  1. Write an engaging description of your home and add all the relevant details to it. Your listing should adequately define your property, condition, style, area, location, and everything.
  2. Ensure you only use good (preferably professional) pictures of your house while listing your home. Again, we have documented that above.
  3. Be consistent with your marketing efforts. And if you have the bandwidth, list your property on a Time-Limited Event or an Auction. Such events induce urgency, which is great to get any property off the market quickly. RealtyHive’s Time-Limited Events are best when it comes to such events. Try it yourself, and you will thank us later. 
  4. Reach out to your network and ask your friends and family to reshare your listings on their social networking website.
  5. Host open houses.
  6. Go live and host virtual tours on your social media to give buyers a realistic feel of the property.

Are you wondering how you will be able to manage all this? With RealtyHive’s Time-Limited Events, you can sit back and watch the interest come in on your home for sale.

Step 4: Marketing and Showing the Property

Listing your home is only half the battle. The most thorough and rigorous process is what comes after you list your property.

These two processes decide the fate of your listing. So, put your best foot forward while working on them.

Marketing

Take this time to sell your house aggressively on all the enlisted platforms to get more offers and eventually higher sales.

Do everything, whether it is online or offline – from ads to flyers to newspaper listings. We know it sounds intimidating, but you have to do what you have to do, right?

And, if we are talking about marketing, don’t forget the Time-Limited Events offered by RealtyHive. RealtyHive has successfully brought in more exposure and more offers for sellers in Wisconsin with this range-style pricing. We are known for creating the best market presence for a house, and that too in a few simple clicks. Where else will you get such a deal? 

Showing the property

Once you start receiving offers, what follows is the showing process. 

If you are selling as an FSBO, you will have to manage showings independently. Here are some things you can do to it successfully:

  • Be responsive to every text, call, and email you get.  Also note that, around 87 percent of buyers purchase homes via an agent, so there is a high chance that you will be contacted by one. Always remember that agents are busy people, so if you do not respond to them right away, you won’t even realise when you may miss out on a great opportunity.
  • Try being flexible with your showing schedule. Remember, the more showings you do, the better are your chances of making  a successful sale. We suggest you make your house available for showing from 9 am to 8 pm every day. This way more buyers will be interested in seeing your house. 

Note: If you are working with an agent, your showing schedule will be managed by him/her. Usually, agents give a  24-hour notice before bringing any client home. So, make sure your house is ready for a showing before that.

If you are selling with the help of an agent, your showings will be mostly taken care of by your Realtor. They will handle everything for you right from scheduling to show.

Things to do before your first showings: 

  • Make your house presentable.  For this, declutter and clean your house before every showing.
  • Keep your belongings safe and expensive items locked away.
  • Depersonalize your house by removing pictures so that the buyers can picture themselves in your property.

During showings:

  • Don’t let people who aren’t on your calendar inside your home. Not everyone has the best intention, so it is better to have your guard up with uninvited guests, 
  • Keep a record of who comes and goes.
  • Make sure your family, kids, and pets are not around during a showing. Also, if you are selling your home with a Realtor, make sure that you’re not around when the buyer arrives.

Step 5: Handling Offers and Negotiations

Suppose your marketing efforts and showings were a success. Now what?

Say hello to the stage of offers and negotiation.

Don’t know a thing about them? Well, here is what happens next.

  1. An Offer: When a buyer decides that he/she is interested in buying your property, he/she will make an offer on it. 
    This offer will be a written document that best describes the real estate being purchased.
    The document will include the details of the land, the building, and the fixtures. It can also consist of something that a buyer might want to have included in the purchase.
    Always note that the offer determines what is included in the deal and excluded from it. Also, as a part of this purchase offer, buyers will provide what is called “earnest money.” This earnest money is a deposit made against the offer as an escrow, which an escrow agent holds.
    Reference: Link
  2. Counteroffer: When you receive an offer from a potential buyer, you can either accept it, decline it, or make a counter-offer.
    A counteroffer is generally considered a great strategy that may help you earn even more on your home for sale. A counteroffer deals with negotiations, and it arises when the terms of the initial offer are not agreeable.
    Plus, it can be made before or after the deadline of the binding acceptance.
    A counteroffer helps you inform the buyer on what terms you can compromise and the potential “deal-breakers” for you. 
    If you are not working with a real estate agent, you can handle your counteroffer yourself or involve an attorney for the same. We would suggest you involve an attorney for legal assistance. If you are working with RealtyHive on this process, we will help you handle your counteroffers with our team’s expertise.
    Reference: Link
  3. Acceptance: When you and the buyer both agree to the offer/counter-offer, you sign it, and it is then deemed “accepted.” The date on which the last party (you or the buyer) signs the contract is the date of acceptance.
    Many deadlines in the contract which follows are from this acceptance date.
    Also, note that once you sign the offer, it becomes a binding contract.
    What follows this is the closing stage.

Step 6: Closing the deal

Closing is the stage where you formally transfer ownership of your house to the buyer. The closing can take place anywhere both parties agree to.

The closing process involves:

  • Title Search, which is searching public records for any document that impacts the title of the property sold. We have talked about this in the transfer tax part, so we hope that is clear.
  • Document Preparation: During this time, the necessary paperwork is being done for the transfer of title.
  • The Closing Date is set, which is feasible for both you and the buyer so that you have ample time to prepare for the transactions.
  • Calculating the amount that is due and paying all the overheads.
  • Reading and evaluating all the documents, which is very important for you as an owner.
  • And finally, signing documents.

For the closing stage, you need to have either an attorney or Realtor by your side to walk you through the process. 

Final thoughts:

We know that selling a home can be an emotional rollercoaster; it is, after all, one of the most significant transactions to take place during your lifetime. 

If you are considering selling your home in Wisconsin or it is already listed for sale, and you’d like to get even more exposure and interest on your home, make sure to check out RealtyHive’s marketing programs and Time-Limited Events.

Click here to market your property on the Realty Hive marketplace today!

The 4 Tips to Property Investing You Need to Remember

Are you looking for your dream home, or are you trying to generate a sustainable ROI? There’s no denying that real estate can be a very profitable investment, but before you sign the papers and hand over the cash, read the fine print.

To get you started on the right track, we’ve gathered four top things you need to know before you start investing in property.

Location, Location, Location

You’ve probably heard this line in movies, from countless real estate agents, or read it in books, and for a good reason. It’s still one of the most important things to consider before buying a property, and it can have a significant impact on your costs and ROI.

A city, municipality, and even a neighborhood can affect the value of a location. There’s also construction, gentrification, and new developments to consider. For example, a new mall in the area might increase the value of your property.

On the other hand, a hundred-story skyscraper blocking out the beach view of your newly-renovated condos will drop your expected ROI into a black hole.

Remember, location, location, location.

As-Is Properties and House Flipping

There’s nothing wrong with buying a fixer-upper, spending money on renovations, and then selling it for a profit – as long as it fits your budget. You should consider as-is properties, but don’t buy until you’ve thoroughly inspected the place yourself or hired a professional to do so.

Remember, the point of flipping a property is to get more than you’ve spent, so you don’t want any surprises if you can help it.

You should also consider how you want to sell the location once you’re ready. According to one website, it’s essential to understand your listing options, and you should look into the various home selling options available to you.

Keep in mind that you get what you pay for, though, so don’t take chances with cheap methods that won’t get you the ROI you need.

Budgets, Costs, and Taxes

Before you start investing in property or expanding your real-estate portfolio, create a budget. It doesn’t matter if you’re buying to own, flip, or rent out; you should know what you can spend on purchasing, repairing, and maintaining or selling a location. Ensure that the math works in your favor before you sign anything.

You should also try to consider hidden costs. There’s no guarantee that you’ll be able to plan for everything; after all, even professional architects still make billion-dollar design mistakes. Always try to keep some money in your budget for unexpected costs, repairs, or renovations that might need to be done.

Finally, don’t forget about the taxes. If you’re buying property, you should consider Uncle Sam’s cut in the process. The same goes for renting out or selling a location. Unfortunately, real estate expenses like these can get quite complicated, especially if you’re leasing out or flipping a property. When in doubt, get advice from an expert.

Work With Professionals and Experts

Investing in property for yourself is one thing. You know what you want, whether it’s to live somewhere for an extended period, or just fix things up and flip the place. However, if you’re going to create a sustainable portfolio consisting of several locations, you can’t do everything alone.

Take the time to build a professional team to work with you. For example, one of the first things you may need is an accountant familiar with investment transactions, portfolios, and property taxes.

You should also work with an experienced broker who can help you manage your portfolio while again finding worthwhile investments. These are professionals you need to be able to trust implicitly since they’ll be handling expensive assets.

If you’re going to be renting out properties, retain a legal advisor specializing in tenant law. You should also ensure that you have a strong, reliable property management team. While it may be tempting to give tenants your details, you won’t appreciate a 3 am maintenance call. That should be the responsibility of your on-site manager or associated firm.

Property investment can be extremely lucrative. Unfortunately, it can also be a massive financial sinkhole if you don’t know what you’re doing, so choose to work with a team of experts.

Final Word

Before you decide to invest in real estate, consider the essential criteria: budget, location, and costs. Leave room for unexpected expenses and repairs, especially if you’re going to flip a fixer-upper.

Finally, if you’re going to rent your property out, work with professionals who can help you manage the location and the tenants. By taking the right steps, you can generate a good return on your investment.