Life is Beautiful Property Consultants

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Why should I use a Property Consultant?

Targeted to Tenerife property market

A property consultant is more than just a “sales person.” They act on your behalf as your person of trust, providing you with advice and guidance – helping you buy or sell a home. While it is true they get paid for what they do, so do other professions that provide advice, guidance, and have a service to sell –such as Certified Public Accountants and Attorneys.

The Internet has opened up a world of information that wasn’t previously available to home buyers and seller. The data on listings available for sale is almost current – but not quite. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with a property consultant.

If you’re selling a home, you gain access to the most buyers by being listed in the Multiple Listing Service. Only a licensed agency who is a member of the local market can get you listed there – which then gets you automatically listed on some of the major real estate web sites. If you’re buying or selling a home, the professional exposure to the market is the best tool.

However, the role of a property consultant has changed in the last couple of years. In the past, the only way home buyers and sellers could access information. Now the market is evolving. Because today’s home buyers and sellers are so much better informed than in the past, expertise and ability are becoming more important.

The property consultant is becoming more of a “guide” than a “salesperson” — your personal representative in buying or selling a home.

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I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

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When buying a new home, what upgrades should we go for? What holds the most value? Do we upgrade the lot? Pick more square meters in the house? Add an extra bedroom?, etc.

A lot depends on why you are buying the house. Are you buying it mostly as a home or mostly as an investment? There is a difference.

For the most part, upgrades are high-profit items for builders. They aren’t designed to enhance the value of the house, but make you happier with the house you do buy.

If you are looking at your home as an investment, then you buy from the smaller to medium size in the tract and spend only a minimal amount on upgrades. If you are looking at your purchase as a home, then you select upgrades that will enhance your quality of living.

One rule of thumb is to always keep the property clean and well presented.

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I have a family friend who is a Realtor. I like her and she is a help but she gives me one price to sell my home for and I think it is too low. So I called another agent who suggested a price more in line with my expectations. Who do I choose?

You might want to consult a couple more Realtors on the market value of your home. Most of the estimates should be in the same ballpark.

It could be that your friend is being more honest with you about the value of your home and the other Realtor gave you a higher number because he already knew you expected it. This is called “Buying a Listing” and is the subject of an article on our web site.

Or it could simply be that your friend is a good friend, but not that great of a real estate agent.

Mixing business and friendships is always risky to the friendship. On the other hand, if your friend is truly competent and was providing wise advice, she may be offended if you ignore the advice and choose another agent.

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What is the difference between a real estate agent and a property consultant?

real estate agent organizes the buying, selling or leasing of houses, offices or commercial buildings for their clients. They may have clients on either side of a transaction, and their role and title can vary depending on whether they represent the seller or the buyer, such as in the following ways:

  • Listing agent: In this role, the agent helps a seller list a home or property for sale, then advertises the property. When a buyer shows interest, the agent informs the seller, reviews any offers with them and finalizes the agreement on their client’s behalf.
  • Buyer’s agent: In this role, the agent helps clients like buyers or tenants who want to buy or rent a property. They research the properties that match their client’s criteria, show the clients these properties and help in negotiation until both parties agree to a contract.

These individuals who work in real estate may work in an office with other agents or brokers, which offers an opportunity to discuss new listings and available properties in the market. Many successful real estate agents have an office assistant to assist with administrative tasks so that the agent can focus on revenue-generating activities.

A property consultant gives investment and financial advice to clients who want to buy, sell or invest in a property. They focus on helping their clients navigate the housing and property market and provide insight into current trends. Property consultants may work independently or for a firm that already provides these services. Their clients may include:

  • Banks
  • Construction companies
  • Business owners
  • Credit unions

These individuals start a relationship with their clients by first meeting with them to discuss objectives. For example, a property developer may want to know if it’s a wise decision to build a plaza in a certain area. After learning the client’s objectives, the real estate consultant begins the research process and then advises the property developer. The research may involve:

  • Visiting property
  • Meeting with local individuals who work in real estate
  • Compiling data that provides information on regional trends in property development

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