Manhattan Luxury Real Estate Market is Booming

manhattan skylineAs you might suspect, at Sportsrelocation.com, we spend a great deal of time checking out luxury real estate trends across the country.  Many of our clients need to relocate to a new city, and that means we need answers when it comes time for those clients to buy or sell property.

CityRealty recently announced that Manhattan’s luxury real estate properties were up 120% in value so far this year, meaning that it is far outdistancing the rest of the nation.  This year alone, 165 homes sold for $10 million or more in Manhattan, up from 75 last year.

So what’s going on in Manhattan?

Buyer confidence is obviously high there.  The local economy is thriving.  And investors, who recovered quickly from the recession, are pouring dollars into the real estate market much faster than the average home buyers are doing.  Remember that luxury real estate is not necessarily subject to national trends.  It is a whole different ballgame, so to speak, and that’s why having a real estate agent who is familiar and experienced in luxury real estate is a must.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

The Ten Second Rule when Selling Luxury Real Estate

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Do you remember what first attracted you to your current home?

Was it the location?  Was it the property?  How about the architecture or the landscaping?  Chances are it was a combination of all those things, and that is something you need to keep in mind when it is time to sell your home.

A spiffy home makes a great first impression on buyers, and first impressions are huge when you are selling a home.  A beautiful piece of property grabs the attention of buyers, and makes them excited about seeing the rest of the home.  At Sportsrelocation.com, we call it the Ten Second Rule.  You have ten seconds to excite a potential buyer with your property.  If you haven’t done that in ten seconds, chances are you will lose them.

Simple improvements, good landscaping, and a thorough clean job will do wonders in giving your property curb appeal.  We know….when facing athlete relocation, sometimes time is short, and you don’t have the time to spend on a home you are leaving.

Give us a call.  We know all about saving you time, and we know all about the Ten Second Rule.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Athlete Relocation and Investment Opportunities

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Let’s turn our discussion, today, to the topics of athlete relocation and investments.

Did you know that Canada is the biggest foreign buyer of U.S. commercial property, and has been for the past four years?  The Canadians have purchased 1,530 commercial properties for a total of $43.4 billion, and that expenditure is four time that of second-place China.  Evidently this is partially because most of the commercial properties in Canada are tightly controlled by domestic pension funds, and very few of the assets are trading in the current market.

This, of course, reminded us to discuss at some point real estate as an investment.

Yes, without a doubt, anytime you purchase luxury real estate you are making an investment, but perhaps you should give some thought to expanding your portfolio.  In the hands of a real estate professional, you can find some wonderful bargains on the market right now.  Some of the bigger and more popular markets like Miami, Atlanta, New York, Las Vegas, and Los Angeles all offer some great potential for return.

Athlete relocation can certainly be upsetting and cause some stress, but it can also be a great opportunity to invest and increase your portfolio.  Give us a call and let’s talk about your future in real estate.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Sportsrelocation.com and Vehicle Leasing

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We got a call the other day.  An athlete was relocating to a major city, and he wanted to know about limousine services and luxury car rentals.  His question was what questions should he ask when choosing a leasing company?

We told him we were impressed with his due diligence, and the care with which he was approaching his needs, and we also told him that he was going about this all wrong.  What he should be doing is just letting us handle it for him.

Here’s the thing:  we at Sportsrelocation.com do this sort of thing hundreds of times each year.  Why not just trust in our expertise?  We already know which car leasing companies are reputable.  We already know their rates, the inventory they carry, and their track record. We know whether they allow food in their vehicles, what amenities they all offer, and what their seating capacities are.

So here is a simpler solution.  If you know what you want, when you want it, where you want it and for how long you want it, then just call us and we’ll take care of it for you.  No hassle….no worries….no problems.

Athlete relocation covers the entire spectrum of the relocation experience.  Of course you’ll need transportation once you relocate.  Of course you’ll need short-term living accommodations.  Of course you’ll need to know about schools, local businesses, local amenities, and local financial advisors.

We know that, we’ve done that, and we’re ready to help you.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Location and Luxury Real Estate

manhattan beach“I have an athlete relocation client for you.  He wants to know the best area to live in the Los Angeles area.”

That was a phone call we received at Sportsrelocation.com last week.  A client was moving from Boston following a trade, and they were looking for some recommendations on where to live.

We of course mentioned some of the best neighborhoods for luxury real estate, places like Bel Air, Beverly Hills, Brentwood, Holmby Hills, Malibu, Santa Monica, and Westwood.  They do say, after all, location, location, location, when talking about real estate purchases.

But they also say, and this is crucial when buying real estate, that a property needs to have what a buyer wants in order for it to become a great property.  Yes, location is important if a person plans on selling that property in the near future, but for the long run, a property must have the features that are desired, because you’ll be living there for a decade or longer.

Never rush into a real estate purchase.  Weigh all the factors, meet as many of your needs as possible, and only then make a decision.

Give us a call.  We are headquartered in Los Angeles and we’ve been buying and selling luxury real estate for longer than most players have been in the pros.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

The Unsettling Nature of Pro Sports

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The recent signing of Victor Martinez to a new contract with Detroit reminds us of the unsettling nature of pro sports, and it is worth discussing a bit this morning.

As everyone who follows baseball knows, Martinez was rumored to be leaving Detroit. His name was tossed about in practically ever trade scenario.  He was said to be leaving for Seattle, Los Angeles, New York, Atlanta, St. Louis, and just about every other Major League city.

So, if you are Victor Martinez, what do you do?  Do you begin the process of selling your Detroit home?  Remember that selling luxury real estate is a slow process, so how long do you wait before putting that Detroit home on the market?  And what about a new home in the new city?  What can you do, because spring training is only three months away, and it would be nice to be settled in the new city before the season begins.

These are questions that every professional player has to face and answer, and those questions can be the source of great stress and anxiety.

Enter the athlete relocation experts.  Our job at Sportsrelocation.com is to take care of these details so all you have to do is get ready for the upcoming season.  We can sit down with you, listen to your needs and desires, and then handle it all from start to finish.

Don’t let the uncertainties of your business cause stress. Call the pros at Sportsrelocation.com today.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Trust the Process when Selling Luxury Real Estate

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“I need this property to sell quickly.  What can you do for me?”

You might be surprised how many times we at Sportsrelocation.com have heard that statement and question.  And the answer is never what the seller wants to hear:  “I have no idea!  You have to trust in the process and relax.”

Selling luxury real estate is a process for sure.  We are talking about properties that cost millions of dollars, and there is a finite market for those properties.  A real estate agent can of course do everything in their power to sell the property quickly.  They can make the proper contacts,  spread the word on social media and MLS, and use every trick in the trade to sell that property, but in the end, the process will take as long as the process will take.

Successful selling strategies take time, and an experienced agent realizes that fact.  Beware of any agent who promises fast results.  Yes, it may happen, but most likely the reality of the situation is that this is a process and you need to trust in it.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

Begin Relocation Process Immediately

yolanda smith sports relocationFor those of you facing the uncertainty of athlete relocation, or who find themselves in need of a quick home sale, we have one important piece of advice for you:  Start early with the process.

Selling, or buying, luxury real estate is a long process.  Because of the size of the mortgage, the cost of the property, and the length of time it takes to find a buyer or seller who qualifies for such an expensive property, this process can take many months to finalize.

As soon as you know you will be relocating, begin the process.  Find a real estate agent who is experienced in dealing with luxury real estate, discuss your needs, and then trust him/her to do their job.

Begin the paperwork immediately in the case of obtaining a mortgage loan, because these large loans take more time than the average loans.

Organize, declutter, label, inspect, do it all sooner rather than later.

And last, but not least, give the pros at Sportsrelocation.com a call and let us do the bulk of the work for you.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

How to Find Luxury Real Estate Buyers

_Y1B3293Luxury real estate is a whole different ballgame from trying to sell a rambler in Tarzana, and that is what we at Sportsrelocation.com try to impress upon our clients and future clients.

How do we find a buyer for your luxury home?

It would be wonderful if all it took was listing your home on the MLS, but things are a bit more complicated than that when talking about multi-million dollar properties.  That is why we pull out all the guns when listing a luxury property.  We utilize print media, online media, and all other available channels when selling a high-priced home.

We also go to our database, because in this business, who you know is almost as important as what you know.  We get the word out that there is a high-quality property for sale. We use our networking skills to give the property exposure.

And then we patiently trust in the process.

Above all other considerations, find a real estate agent or broker who has a history of selling high-priced luxury real estate….then work with that agent and trust in his/her abilities.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

Waterfront Luxury Real Estate Buying Tips

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“What should I look for in waterfront property?”

That great question was asked of us at Sportsrelocation.com the other day, and it is a great question because buying waterfront luxury real estate truly is a different process than buying regular real estate.  There are new considerations to keep in mind, so let’s take a look at a few tips that might help.

  • Find a real estate agent who specializes in waterfront property. Like so many things in life, you want an expert to guide you through deep financial waters.  Working with an agent or broker who is familiar with this particular market is crucial with so much money at stake.
  • Give more consideration to the property rather than the home. This is exactly opposite who most people approach the purchase of real estate, but with waterfront it is true.  You can make alterations to any home.  You really can’t change the property.  Do you like the view? Is it easy to access the waterfront?  Can you swim in the water there?
  • Begin the loan process early. Most waterfront purchases are much more expensive, so that means a jumbo loan, and that means a longer process to get approved for that loan.
  • Can the structure withstand the weather? If you are looking at a home on the ocean, that means your home is going to take a beating from the weather.  It would be a shame to move in and then two years later have major construction issues.
  • Be prepared for insurance issues, because waterfront property falls under a completely different insurance class, and it can be quite expensive.
  • Find out your future rights regarding the property. In other words, are you allowed to add a dock? A seawall?  Make other changes to the property?

These are just a few of the things to consider when buying waterfront property.  Give us a call and we’ll walk you through the entire process, and answer any questions you might have.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

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