Tips for Selling a Beach House

Andrew

how to sell a beach house

There’s nothing like a beach home; the escape from life, solitude and the relaxation is not comparable. But, this means extra upkeep and extra mortgage, it is no wonder that many people are considering shedding a no-longer-needed beach house. Besides, all good things comes to an end one way or the other, right? However, selling your beach house may be the hardest thing you will ever do; it’s not like selling your typical house. If you are not careful, you may end up regretting your selling decision. So, below are few simple but critical tips for selling a beach house.

Know the best time to sell

Undoubtedly, you can sell your home any time of the year — especially if the price is right — however, when it comes to a beach house, there is a window of time during the year when buyers are considering investing in a second-home getaway. Best time to sell depends on the market, but generally, people are looking for a perfect beach house between late winter and early spring.

For example, people are selling a beach house in Charleston with local realtors, FSBO and pocket listings. This is more common than you might think around the country, too.

Though, n the depth of winter, buyers will rarely focus on a second home; no one will want to walk on a cold gray beach to view a possible summer house. But between late winter and early spring, people are considering a summer vacation, and this could be the ideal time to list your beach house.

Choose the Right agent

Not every real estate agent will have the experience needed to sell a waterfront property. Make sure you choose a real estate professional who is familiar with the peculiarities that are involved in beach houses. Unlike selling your primary residence, selling a beach house is much like selling stock; the proceeds from the sale are considered capital gain, therefore, you will have to pay capital gain tax. The real estate professional you choose must be familiar with such issues and other market elements of beach houses.

Stage your beach house

Staging a house is the most important part of selling. Staging a typical house is not a big deal, but when it comes to a beach house, you will have to market it specifically for vacation buyers. Of course, you will need to de-clutter the house, organize it, depersonalize it, clean it and arrange it accordingly, but more importantly, you will need to beautify the shoreline.

Set the right Price

In addition to listing your beach house at the right time, pricing the house competitively from the beginning is important. If the price is too high, customer may not be interest in it, and if it is too low, you may end up losing potential customers or money. If you initially set a high price, then you reconsider reducing it, customers may assume that the house value has declined, and you end up losing potential customers. A real estate professional can help you set the right price, but there are also tonnes of systems and calculation that when combined, can give you a good idea on the right price of your property.

Conclusion

Selling a beach house can be hard, but if you take your time to prepare, you can increase your odds of selling it quickly and for the right time. More importantly, know the right time to sell and work with a real estate professional who specializes with beachfront houses.

Invest in Real Estate Like a Professional

Andrew

Newcastle is becoming a major destination for property investment, as it is well suited for both small and large scale investors. Newcastle real estate is the buzzword for people interested in investing in properties. The city offers a vast range of properties and the demand for property is growing day by day owing to the boom in the rental market. Here many initiatives like Newcastle science central, one core strategy and urban core plan have been put into action in order to bring new business and further investment. Due to all these initiatives Newcastle and Gateshead are becoming an attractive place to live in.
best real estate newcastle
As cultural and business regeneration is going on, the population is also growing and the city is becoming the ideal for the investment. The best way to generate wealth is by making investment in property.
Professional perspective is required in property investment

If you take your property investment as a business you will make less errors. The decision can be of any type – to decide the right area to buy property and to choose appropriate tenant for you property. A professional real estate investor takes every decision very carefully and consciously and is able to get success.

Make Investment by deciding the Right area

newcastle real estate
Invest in the property according to its future market value. So you should do a little homework and ask yourself few questions – Is the area where I am investing in demand for rental properties, does this location fit in well for local real estate market. So that in future if you plan to sell your asset you will be able to make a good profit.

Choose an appropriate tenant

The selection of a right tenant is necessary as many tenants are careless and they might damage the property and leave without informing you without paying rent and the damages they have done to the property. Thus before choosing a tenant make sure the tenant is decent and will takes care of your property as if he owns it himself.

Regular maintenance and repair

The most important thing for a property investor is that he should know when the maintenance is required on the property that he or she has purchased so that ample arrangements can be made in advance to keep the property in a better shape for the long run. The issue of maintenance and repair should be resolved as soon as possible until it becomes a serious problem. By doing this you will be able to protect your property and need not face any problem at the time of selling the property.

Time to sell the property

After you have enjoyed years of the rental income it is finally time when you want to sell your property. The reason for selling the property can be any – you reach at the stage where the maintenance charge become higher to keep it or you want to reinvest on another property . So it may be good decision to sell your real estate investment. However you need to calculate the amount you have got from rental income and the money you are getting while selling the property. In case the real estate market is not looking bright at that time hold on to the property for some more time till you get a better deal.

Take professional guidance

While buying or selling property you also need to take guidance from professionals. Professionals help you in deciding property that suits your needs. In case you are looking for rental income you need to purchase property that has a friendly neighborhood or a lot of commercial activities going around well. You can even save your time and money during the process as a real estate investing professional knows the market well and can give you proper advice from where you can make profit while investing.

Author Bio: – Austin is a real estate agent and he has helped several people find their dream home in past 15 years in Australia. He loves to spend his free time with his family and one dog Johnny. Austin loves to write about real estate and works for a real estate agency in Newcastle.

The Bright Side of Investing In Rental Apartments

Andrew

How to Invest In Rental Apartments
There are numerous ways to invest and multiply your money. But, a rental apartment is one of the most reliable. In spite of the fact that property values can increase and fall with the time, rental incomes remain a fixed source of income. And also, if a property is well-located, perfectly maintained and rented to reliably paying tenants, it can have a nice resale value, as well.

Whether you are planning on purchasing a single apartment to give on rent or a building full of them, you can get huge benefits. In this article, I will outline a few benefits of investing in rental apartments so as to show you the bright side of investing in the same.

A Regular Source of Income


The reason numerous investors prefer purchasing apartment buildings is because they provide a fixed source of income. When you select properly, and in a good location, rental apartments will always give cash flow consistently. Most organizations come and go particularly in office, retail and warehouse properties. However, individuals are continually searching for a place to live.

Solid Investment Returns

Even low-yielding and conservative apartments offer solid returns with respect to other resource classes. Numerous investors are attracted to the steady income, which, depending upon how you purchase your flat, can be anywhere from a couple of percent to the mid-teens every year, calculated with respect to your down payment.

But, you’re additionally paying your loan down, and this adds to the return you will get either when you sell the property or when you pay the loan amount and get a prompt increment in monthly income. While the main reduction may not appear as a noteworthy contributor of your return, remember that your home loan expands its effect, since the development is with respect to your down payment.

Operational Simplicity

As compared to other types of investments in real-estate, rental apartments are not that difficult to manage. Your responsibilities are precisely defined and your relationships with tenants are clear. This is a critical distinction from leased investments, for example, retail centers and offices where discovering occupants can be tedious and costly and the nature of each deal can be very different.

Rental Apartments Can Offer Tax Benefits

Like other types of investments in real estate, rental apartments are great when it comes to tax cuts. There are numerous tax benefits that you can claim. If you are losing cash on your property you can counterbalance this against your income and hence secure yourself a tax saving. You can likewise claim things like devaluation on fittings or fixtures which increases your tax savings.

If you utilize the returns from selling your rental apartment to purchase more investments real estate, you can likewise postpone your capital gains and recover taxes.

Main Reduction

Another advantage of apartment building purchase is a principal reduction. Your equity consequently expands every month in the apartment building. This is because your occupants are paying the mortgage on your apartment with their rents. When you get the month to month rents, you pay out costs, and afterward, pay the mortgage. With such payments, you are getting equity and also expand your wealth.

High Demand for Apartments


As trends and shifts show, a lot of individuals are hunting down the perfect apartment lifestyle. Malls, colleges, hubs of cultural activities and more are uniting individuals. They aren’t prepared to buy their own particular home and need their very own conservative space. It wouldn’t hurt you to be liberal to the possibility of addressing that request.

With a continuous flow of numerous energetic occupants to choose from, you could serve any demographic you wished to. Moreover, rental apartments are more affordable than regular houses. So your startup expenses would be considerably smaller.

Other Benefits

real estate tax benefits
The best part about giving an apartment on rent is that you can pay your home EMIs utilizing the rent gathered and yet have a flat to call your own by the day’s end! Furthermore, if you need to re-sell your apartment, there is always a bigger pool of purchasers. Beside this, condos are additionally simpler on the pocket, so little down payment is required. Bank loans are also less demanding when purchasing apartments.

Final Words

Apartments are physical resources and not only some piece of paper that claims itself to be an advantage and are considered as an astounding inflation hedge. A truth of owning land is that the investment property always gets value over the time through market appreciation. So feel free to invest with an open mind in rental apartments.

About Author:

Liza Kosh is senior editor at Mainstreet Equity Corp. Mainstreet Equity Corp. is a publicly traded (TSX: MEQ) residential real estate company in Canada. She enjoys creating, uncovering and disseminating new and interesting perspectives on real estate and home improvement.