We are witnessing this critical moment in our daily lives, this unknown enemy has made us aware of how small we are before any achievement we can be proud of in our lives. This is a test for big corporations, businesses, systems and people to understand that the more you hit the ground, the more you have to recover. Life is unpredictable and that makes it even more beautiful, more attractive, more mysterious and more unique. This is the right time for any person not to hesitate in terms of achieving their dreams, their investments, their successful steps and everything else that may have held them hostage so far.
Real estate at the moment is the real mirror to understand if our invisible enemy is creating a market crisis. But this crisis occurs if you yourself allow the penetration of this phenomenon in our societies. The start of 2020 came with mourning from “November 2019” with a natural disaster that hit our country and recently we are being hit by socio-economic-financial damage in our country as a result of this unknown enemy that is nothing but a straightforward push courage, bravery and determination to move forward.
Buldings under construction are the first to feel indifference from potential buyers. Foreign investment is also in turmoil as a result of the measures taken by our state in the last month, as the fact of the socio-economic crisis in their country is not excluded. Domestic investors can focus on properties that are having difficulty repaying loans as a result of declining leasing power to the market, so properties may require “opportunity” type savings!
Banks may have experienced a workflow during this period, but not the flow they would like to have. The credit sector may have declined for two simple reasons:
1. The consequence of risk, non-repayment of the loan as a result of the economic crisis that gripped the country and led to the closure of the market for nearly 40 days.
2. People who want the situation to calm down and then make other investments.
Lease Sector
The crisis has been for both categories, the lease has not been in circulation and has led to non-payment of rent, while the rent has not had liquidity in its investment field.
Patience and Focus are the sworn enemies of the crises that have faced not only our country but the entire globe and only these two can clarify the turbulent reality we are in at the moment!
Ready, Set, Go!
Nga ARDI YMAJ
Amazon CEO Jeff Bezos, who has amassed an extensive collection of homes across the country, has added another property to his real estate portfolio. The richest man in the world, worth $131 billion, has reportedly paid $165 million for media magnate David Geffen’s Beverly Hills estate, setting a new record for a Los Angeles-area home, according to the Wall Street Journal. The previous residential record was set late last year, when media executive Lachlan Murdoch, son of Rupert Murdoch, paid $150 million for the Bel-Air estate used as the Clampett residence in the television show The Beverly Hillbillies. Bezos and his girlfriend, Lauren Sanchez, reportedly had been touring the priciest mansions in Beverly Hills and Bel Air, which are among the Los Angeles area’s most prestigious enclaves. Realtor.com reports that the Bezos real estate empire is already quite extensive, with several adjacent condos overlooking Madison Square Park in New York City, a nearly 30,000-acre estate in Medina, Washington, a massive ranch in west Texas and two properties in Washington, D.C. On 9 acres in Beverly Hills, the legendary estate is also known as the Jack Warner Estate. It was designed in the 1930s for Jack Warner, the late former president of entertainment giant Warner Bros. In 1990 this property had a value of $47.5 million. Prices continue to rise in Los Angeles, which is one of the most expensive metro areas in the United States.
It has been said that Jeff Bezos bought the property without a real estate broker
Article from Forbes
5 Tips to Buy a Luxury Home.
Buying a luxury home means searching for “Creme De la Creme” of homes in an exclusive and elite area. The impressive architecture, beautiful scenery,space and organisation, luxurious furniture, this characteristics makes a luxury home.Buying a luxury home can truly provide a wonderful living environment for years to come but you need to be careful about the choices you make and whether it is the right one.Below we give you some tips or advice when deciding to buy a luxury home.
1. Collaborate with the right Realtor with experience in selling luxury homes.
The first thing to do is: Work with the right realtor. The right realtor not only knows luxury real estate properties, but he / she knows the area and properties you are interested in better than anyone else.It will also be ready to show you properties that are not listed or advertised due to customer confidentiality.The right real estate agent is experienced and has shown good results in the luxury real estate market!”Past performance really matters!”Collaboration, confidentiality, customer relationships are what qualifies you as a right real estate agent and all of these features save you ‘time and money’ in the right way.
www.exclusiveproperties.al
2. Be clear and know what you want before looking for a home.
You need to have a plan in your head and an idea of how to search the house. Your home should be a good fit for you and your family and it should be for a long time. Ask yourself:What assures me of the quality of life I’m looking for?Which property will be best for my family and me?Which suits my tastes and those of my family?
3. A picture is worth 1000 words.
No matter how beautiful the photos of a property’s website are you really can’t get a feel for the luxury home unless you go there yourself. The best idea would be to go to the property more than once and why not, at different times of the day.Also as mentioned above don’t just look for properties that are listed online, some clients remain confidential and only the right agents have listed those properties.
4. Home inspection.
If you liked one of the houses you were introduced to, of course it needs an expert inspection.Luxury properties are differentiated from others for the features mentioned above: space, architecture, furniture, appliances etc. and for the latter it would be good to have an inspection of their maintenance and condition.But not only these but the property is well worth checking for mold, walls, common spaces etc.
5. Before buying a luxury home, think about the resale value of that property.
Even though you are at a stage where you should only think about choosing the right luxury property for your tastes, remember to think about the future as well. There may come a time for you to consider selling that property and buying another.The design you have chosen now may in the future not be liked by the buyer who will come to buy this property and the monetary value is low. Don’t risk buying the largest and most beautiful house in the area you are looking for.
For a Luxury Property Consultancy we welcome you to our office or contact us in one of the following ways:
🎯 Exclusive Clients, Elite Properties, Professional Service!
📲+355696023888
📩info@exclusiveproperties.al
🌎www.exclusiveproperties.al
📍Rr. Abdyl Frashëri, Hekla Center, Kati 12
Christmas is coming! 20 days until the christmas. Here are some ideas how to decorate the home. What do you think of them?
To sell the property or to rent it? This is the dilemma I encounter almost every day in my work.
On one hand I do not blame them, on the contrary I admire the courage to think differently and look ahead but on the other hand the problem lies in the fact of not recognizing the market right now and as a consequence it drives them to make the wrong choice. Selling and Leasing I can’t separate from each other because they can’t function without each other.
Selling is equity whereas rent is a financial product of equity. In my daily life I encounter a group of clients who are totally against the sale, and do not even think to sell the property. Mostly these clients find it difficult to think beyond the lease, raising the rental capital by selling what they have for something better and more productive. This is a consequence of what I said above, the ignorance of the real estate market and the fear of any possible failure. There is something else very interesting, some clients are very emotionally attached to the property. Their emotion is related to the first moments of how they acquired that property. Mostly they talk about who was the first tenant and how impressed he was with the way he took care of the property and this makes them even tougher on the tenant market, they are keen to find something like this. The other that is most commonly encountered in the market is when comparing current rentals with the past, without calculating depreciation of the property, and consequently the property stays on the market for a long time. These are feminine characteristics of their wealth, they treat it as something very close to them, something that holds many memories and ordeals in its historical process. But forget about it, the sale itself is in the function of the lease, if you sell your property the most persuasive argument is the financial product it brings out and through this you can set a property price. I always aim to push customers towards sales for a very simple reason, sales coincide with evolution, a time when the “new” has to replace the “old”, everything has a price but the problem lies when and how that price will be at that particular moment. Today new buildings are being built, tenants and buyers are coming up with new claims and these claims are gradually amortizing old properties. A buyer today requires central heating, or thermal insulation from the outside, requiring emergency stairs as well as a parking post in a place where the elevator is accessible. Even a tenant today values more social life in that building and the security it has than the location it can have. Capital is raised through the sale of a property, you have to sell something to buy a better one with a better lease, the banking system today is one of the main pillars of a purchase over the sale budget of an old property.
You need to sell the lease to become a successful financial product and not let the lease devalue the sale of the property.
Buying a Penthouse ??
The positive and negative things of this choice! 🧐
When time comes to buy an apartment, the Penthouse will always be a great choice. Perfectly positioned on the top floor of a multi-storey building, it is often regarded as a mercy to contemporary and luxurious living.
Imagine owning an apartment that has a great view, that has many rooms, that you can have a pool, a games room, a gym, etc.
But what we want to tell you is that if you have decided to buy an apartment and have a considerable amount of money at your disposal, it would be better to buy a Penthouse or buy two apartments and rent one (consider as an investment)?
Positive Reasons to Buy a Penthouse:
* Spectacular views
Let’s face it, Buying a penthouse is about the look it offers all day long. If the penthouse building is taller in that area, you will experience some of the most beautiful sights in the city starting from the setting sun, a relaxing afternoon, a cool and clear morning.
* You are calmer
If you buy a Penthouse you will surely have the tranquility, seclusion, sheer intimacy and a better night’s sleep. Noises of children, dog barking will not be heard. You can even have your own private elevator.
* Better organization
Penthouse has a much better setup than other apartments. The spaces are bigger, you have more rooms, you have a large veranda and the use of the environment is better.
* Ability to expand upward.
If the building is with regular ownership documentation, and has a development permit from the municipality, the possibility of building an upper floor or adding a room is much greater than having a normal apartment.
Negative reasons for not buying a Penthouse
* Penthouse Premium
When you buy a Penthouse it should be taken into account that it is like “Premium” which means, the price will be more expensive than an apartment but it will also be luxury.
* Mobility
Let’s not expect that to happen, but in an emergency residing in the Penthouse is a little risky because it will be very difficult and you will lose time to go down the emergency stairs, or take the stairs when you the elevator does not work.
* More exposed to the weather
As the Penthouse is located above any other apartment it will be more exposed to heat or cold at certain times of the year. Penthouse is also more susceptible to leaks or other problems.
* Outdoor space
If you are planning to have plants, flowers in the outer space, it is important to know the changing temperatures depending on the high levels, this will bring a lot of difficulty in growing the plants.
After reading the points the choice is up to you. Penthouse is a great choice for people seeking luxury, intimacy and tranquility in their lives.
Buying an apartment in a new building or buying an apartment in an old building? 🤔
The decision to buy an apartment will certainly take time to think about. Areas, building, organization, orientation, furnishing, budget etc.. People are inclined to take the opinion of others for their decision. For this we “ Exclusive Properties” come to your help..
Buying an apartment in an old building has only one good thing, which has no common space and you will only buy the space listed on the certificate. You will not pay any extra for common spaces. But it is a big fatigue if you have the apartment on the 4th floor. You will realize this after a tiring day of work when you go to the apartment and you stop for a moment, think about climbing 4 floors without elevator, the fatigue will be 4x more.. No matter how you try to restructure it, put in new furniture, new tiles, the elevator, reception, gardens space, security guards, will still be without those and you won’t feel the luxury you feel when you’re in a new building.
New buildings make life simpler. Although people are a little skeptical about the area of old building still this is a small thing compared to the good that a new building offer. Despite the fact that you need to know and decide where to get your apartment, almost all new buildings offer elevators, new tiles, modern toilets, high quality walls, garden spaces, security cameras and guards in front of the building.
Tirana is turning into an oasis of new buildings, do not hesitate to contact a Exclusive Properties to guide you to the right buildings and areas.
Investing in Real Estate? Some of The Mistakes Investors Make:
Real Estate Investment is both Profitable and Risky. To invest properly some market practices, need to be analyzed. Speed and accusations are what sometimes penalize investors.
Below we have written some of the major mistakes that investors make when investing in the purchase of various properties.
- Choosing the wrong agent!
If you are looking to invest in luxury and large properties you should work with a broker who has experience and knowledge in this specific property market. If you are looking to invest in small apartments, you should work with an experienced and knowledgeable real estate broker.
In many cases the opposite happens, investors work with brokers who have different experience and knowledge than what is required and in such cases the investment is considered risky and not profitable.
- Not doing the right strategy and analysis of what you want to invest in!
Sometimes the investor is not clear about categorizing himself: Do you want to invest in the long run? Or do you want to invest in the short term?
If you are looking to buy a property that you rent for years, then invest by buying long-term investment property. If you are looking for a property that you get for a short period of time, the best investment is to buy the property at a very good price and adjust that property to sell it at a higher rate.
- Don’t think long about what they’re investing in!
In most cases, when looking at a property with a discount price, they take it directly without thinking about the consequences and carefully studying it as a property. But that property may have problems with renting, problems with the price of the area and just how many other problems can be encountered along the way.
- Over-investment in Property!
Some investors after buying a property, mainly apartments, try to furnish it with luxury and expensive furniture. They do this only for one fact: If the furniture is expensive it will be thought that the rent of the apartment will be high. But how can an apartment price be high in an area when rental prices are low?
This would ensure that the property purchased and furnished with expensive furniture would not be rented properly. It would certainly be considered a lost investment.
- Trying to analyze and process the property investment only!
Many times, investors try to complete the entire investment process of their property. Starting from property selection, short- or long-term investment, borrowing etc.
This from our experience in real estate is difficult to accomplish alone. It can be realized but the investment will be useless because who better than an experienced broker in that market knows property, area, prices.
Our advice is to work with a specific group that includes: Broker, Architect, Bank Representative, Legal Expert.
If you search for all these services you can easily find them at Exclusive Properties.
📞 + 355696023888
📩info@exclusiveproeprties.al
📍Rr. Abdyl Frasheri, Hekla Center, 12th Floor
We See, We Value, We Sell Your Property!
What does it mean to work with the right Broker to buy a property?
By the time the certificate comes out in the buyer’s name, it seems that the process is impossible, but when the process ends you stop for a moment and you think: “I’m very lucky to have worked with a real estate agent”
Not only have i have not been stressed about finding the property, communicating with the seller, documentation procedure, but am I making the right choice or not?
The procedures are simpler than you think, the feeling of fear will be at its lowest level and it will not be felt at all. Although many real estate agencies have recently been added in Albania, selling and brokering is an innate ability, and not every broker knows to negotiate a property.
Buyers still have a sense of fear from both intermediaries and state institutions and do not yet realise that the right broker is the one who gives the most assurance and professionalism!
Being a professional in negotiation means:
- It is he / she who finds the property according to your requirements.
- It is he / she who is not in a hurry after closing a contract, but is waiting for the right property and the right choice.
- It is he / she who facilitates the selection procedures.
- It is he / she who communicates professionally and seriously.
- It is he / she who achieves the best deal of negotiation.
- It is he / she who follows every process of work until the documentation is released on the buyer’s behalf.
- He / she is always there when you need information about the property.
Do not rush into the process of closing a contract: Work with the right, professional brokers to get what you’ve wished for a long time 👏🏻👍🏻
It’s Not Just One Reason ….
For every person buying an apartment is one of the biggest investments it can make in life. The investment has a small commitment because it will take into account whether the loan will be taken for the apartment and the apartment will be yours only when the loan is repaid, a phase that can last up to 30 years.
This is also the main reason why you should be determined and planning to make such a decision.
One of the primary keys is that the buyer has to decide when is the “Time to Buy the Apartment”.
We have some periods of the year that can be thought of buying an apartment: calculating for the best time of the market in real estate, buying the apartment when interests of loan are lower, buying at different times of the year where can be obtained very good offers and be favorable for choosing the right one.
If you are still not sure when it’s best for you to buy an apartment we are giving you some professional analysis:
- Compare the historical sales of apartments: If their prices are higher, the market is noticeably on a bubble. The most appropriate solution to this is communication with a serious and professional real estate company.
- Time to Sell Apartments: If you see that apartments are not being sold for a long period of time, it means that is the Buyer’s Market, if the apartments are sold in a short period then is the Seller’s market. But to get an accurate answer, it’s still good to communicate with a real estate company.
- New Buildings: If constructions are constantly being made and many apartments are being sold, it means that the market is in motion and there is demand. If the construction is stopped it means that the prices are high and there is no demand for it.
- Period of the year: The best time to buy an apartment depends on what you are looking for, you can get the best Deal in the winter, but you can make a selection and best choice in Spring and Summer!
Whatever the market analysis and the circumstances we make, we can say that the best time to buy an Apartment is when you are both emotionally and financially willing and all the circumstances of life are compatible with this action. Waiting for the best deal can help on the financial side but it can’t offer us guarantees on the conditions and the movement in real estate market.
