When selling real estate, every owner wants the same thing – the best possible price with the least amount of hassle and aggravation. Doing business in today’s real estate world requires experience and training in such fields as: real estate marketing, financing, negotiation and closing – all of which I possess.
HOW DOES THE SALE PROCESS WORK?
All you need to do is pick up the phone and give me a call at 1-876-862-5848. I can also be contacted via whatsapp, text messaging, email at email@example.com My website at www.paulasellsjamaica My Facebook Business Page – Paula Sells Jamaica. After which, I will schedule an appointment with you, at your earliest convenience, to view your property. After I have viewed your property, I will go back to my office and research your property and present you with a Comparative Market Analysis (CMA). A CMA in the simplest of terms, is a valuation which a Professional Real Estate Agent does, which gives you a suggested price, at which to list your property for sale, by comparing your property with all the properties which have sold in recent time and which are currently on the market for sale in your area. After I present you with your CMA, I will also present you with my customized Marketing Plan for your property. This is my guideline on how, I will get your property sold, for the most amount of money, in the shortest possible time.
Your Marketing Plan may include, but is not limited to: newspaper advertising, magazine advertising, web-listing, social media advertising, signage, open houses, networking with other Sales Associates or Real Estate Companies and other appropriate marketing strategies.
We will agree on the best listing price, that will ensure that your property is competitive with others for sale in your surrounding area. We will discuss the Listing Agreement and the length of the Agreement. Then we will sign to what we have agreed upon.
The house will need to be in “Show” condition before being placed on the market, so we will also discuss what will need to be done, if anything, before your property goes up on the Multiple Listing System (MLS), where it will be syndicated to thousands of websites across the world. Our goal is to make your home as attractive as possible to Prospective Purchasers, which will shorten the time it will be on the market and increase the chances of us getting top dollar for your property.
After your house is placed on the market and we have done numerous showings to prospective purchasers and obtained an Offer to Purchase from an interested buyer. I will explain the Offers details to you and help you to negotiate the best possible price we will be able to get for your property.
After we have agreed on a Sales Price with the Purchasers, I will turn over all documentation to your Attorney, who will prepare a “Sales Agreement” for both you and the buyer to sign. The buyer will be required to pay a minimum deposit of 10% of the purchase price upon signing this agreement.
Both Attorney’s then begin the process of transferring the title, this includes the payment of Stamp Duties and Transfer Taxes. The balance of the purchasing price is due upon the closing of the sale.
HOW LONG DOES IT TAKE TO SELL A PROPERTY?
If the buyer’s purchase is financed by a Mortgage from a Jamaican Financial Institution, the average time to complete the sale is approximately 120 Days or 4 months from the signing of the Sales Agreement. However, please bear in mind, this is not always the case. This time frame may be extended because of situations beyond anyone’s control or it may also be shorter. It all depends.
The period of closing for a cash purchase is determined by the buyer and the seller. However, this can be as quickly as 30-45 days all being well.
WHAT ARE THE COSTS ASSOCIATED WITH SELLING A PROPERTY?
Government Transfer Taxes & Registration Fees (5% and 0.5% respectively of the Selling Price)
Government Stamp Duty (4% of the purchase price), which is shared equally between seller and buyer
Real Estate Agent Commission (approximately 5% to 6%)
Attorneys Fees (approximately 3% of purchase price, or as negotiated)
I hope, you found all this information helpful or useful. Thank you very much for reading my Article. Please feel free to Subscribe to my YouTube change and click on the “bell” to get all my future uploads. If you have any follow-up questions or concerns, please feel free to contact me. I can be reached via the comments section below, LinkedIn direct message, email at firstname.lastname@example.org or whatsapp at 1-876-862-5848 or my YouTube Channel Comments section. Please feel free to send me a LinkedIn Invitation to connect & join my network. Please also visit my website www.paulasellsjamaica.com
Paula Roper Bacchas is a Realtor Associate at Irie Homes Realty Company Ltd. You can contact me at 1-876-862-5848, Send me an Invitation to Connect on LinkedIn, Like my Facebook Page:https://www.facebook.com/PaulaSellsRealEstate/?ref=hl or visit my website atwww.paulasellsjamaica.com or email at email@example.com
Do you want to: Buy, Sell, Rent, Lease-Residential or Commercial Real Estate in Jamaica? If so, please feel free to contact me today!
Many smart people have lost lots of money trying to invest in real estate through timeshare condominiums and vacation homes. Many people are attracted by these so-called investments because they want to have a place to go during vacation, and it seems that these properties would also end up being good investments at the same time.
The way a timeshare works is that you’re purchasing a partial ownership in a condominium, such as the right to use the condo for one week out of the year. Let us say you pay about $6000 for this privilege. This may seem like a bargain, but if you do the math you will realize that you are paying quite a bit for the opportunity to spend only a single week in this condominium. If you were to pay this weekly amount for an entire year, the condominium would end up costing you $312,000, even though you could purchase a similar condo free and clear for much less than this (let’s say maybe $150,000 or $200,000).
You are paying a pretty big markup, and you will also be responsible for certain annual operating fees, usually a few hundred dollars or so. Instead of purchasing a timeshare, you may want to consider renting someone else’s unit for a week whenever you go on vacation.
This will likely be much cheaper, and you will be able to take a vacation in a different part of the country each year. You also don’t have to worry about the annual maintenance fees or the hassle of having to deal with any ownership requirements.
If you can afford to purchase a condominium out right, or if you can see yourself saving enough to purchase over the next few years, you may want to consider this option as well.
What about vacation homes? Well, if you’re wealthy enough to afford multiple properties throughout the country, that’s fine. However, many families who purchase vacation homes really can’t afford the extra expense and are simply making the purchase because they think it’s a good investment.
It’s nice to have a vacation home to go to a few weeks out of the year, but you have to look at your financial situation and determine whether you can really afford to have this luxury.
You may need to rent out the property for most of the year in order to help you pay for it, and this could raise some additional headaches as you will now become a landlord. Also, if you are purchasing the property as a vacation home primarily, make sure you enjoy the area as you’ll probably be spending a lot of vacations here in the future!
Be honest with yourself about your motivations. The vacation home could be a wonderful property for you and your family to enjoy, but it may not have the best potential as an investment property.
Source: Business Finance World – By Robert Charlson