Luxury Real Estate Mortgages

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A question we at Sportsrelocation.com are asked from time to time is regarding mortgages on luxury real estate.  Is it better to pay cash or to apply for a large mortgage?

It may surprise some of you to learn that the majority of luxury real estate purchases involve a mortgage.  Only about 30% of professional athletes, entertainers, and executives pay cash for luxury real estate.

There is no pat answer for the question.  It depends on the market at the time of the purchase, as well as other factors like the state taxing laws, interest rates, how long you plan on being in the new home, and a myriad of other factors.

That is why it is so important that you seek professional financial counsel before purchasing luxury real estate.  A mistake or bad decision could literally cost millions of dollars.  At Sportsrelocation.com, we are very aware of that fact, and that is why we always consult the best in the business, as well as rely on our years of experience, before making a recommendation to a client.

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.

When Athlete Relocation Causes Stress

Chris Paul Ikem Chukumerije SportsRelocationWe have all seen it on television.  A player is traded, we read about it in the news, and then we see the new conference with the new team.  The player puts on a brave face, states how happy he is with the trade, and promises to give his all to help his new team win.  The scene is full of smiles and handshakes.

At Sportsrelocation.com we know that athlete relocation is not all smiles and handshakes.  What you do not see, behind the scenes, is the stress that is present.  We don’t see the upheaval to the athlete’s life and the lives of his family members.  We don’t see the seemingly infinite number of stress-causing details that must be addressed before that relocation is completed.

But it does not have to be that way.  Those who have worked with the pros at Sportsrelocation.com can testify to that fact.  Turn your relocation over to us so that you can concentrate on growing as an athlete on and off the field.  We handle the details while you handle those press conferences and get to know your new teammates.  We will work with your sports agent and financial advisors, we will find you housing, and we will tie up all other loose ends along the way.

That’s what we do and we are good at 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.

 

Why is Athlete Relocation So Difficult?

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Sportsrelocation.com has been in the athlete relocation business for over ten years now, and we have seen the frustration of our clients. We have seen the concern and the uncertainty when the stop by our office and tell us they have just been traded and they don’t know where to start with the relocation process.  There is so much to do.  There are so many details to look after.

Why is athlete relocation so difficult?  Because of the uncertainty of it all!  Relocation is a major upheaval, for the athlete AND the athlete’s family.  Major financial decisions have to be made, and it feels like all those decisions have to be made instantly.  It is hard on the athlete, the athlete’s wife, and the athlete’s children.

But we can make it easier, and we do that by eliminating much of the uncertainty.  Although athlete relocation may be new to you, remember that this is our business.  We deal with relocation problems daily and yes, we can take the uncertainty out of the situation for you.

Give us a call.  Allow us to do what we do best so you can simply concentrate on playing your game.

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.

 

Biggest Mistake when Buying Luxury Real Estate

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What is the greatest mistake that athletes and celebrities make when buying luxury real estate?

That rather astute question was recently asked of us here at Sportsrelocation.com, and it’s a really good question.

Do you know the right answer?

Is it buying in the wrong location?  Or is it not exercising due diligence when buying?  Or possibly it is paying too much for the property?

All of those choices are partially correct.  Wrap them all together and you have the correct answer according to a poll that was recently conducted.

The number one, by far, greatest mistake made in purchasing luxury real estate is in not working with a real estate broker who is familiar with the luxury real estate market.  The other mistakes pale in comparison to this one.

Oddly, most people believe that any old real estate agent is as good as the next, and they also seem to think that buying luxury real estate is no different than buying a small bungalow in Des Moines, Iowa.  Both are incorrect assumptions.

Purchasing luxury real estate has its own set of problems and hurdles that must be mastered in order for the transaction to go smoothly, and in order that both parties, the buyer and the seller, come away feeling good about the transaction.

Keep that in mind the next time athlete relocation comes a’callin’.  Go with the pros when buying luxury real estate and you won’t go wrong.  Find a real estate agent with a track record in dealing with luxury 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.

 

 

Short Term Leasing in Palm Springs

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For most major league baseball players, the season is over and it is time to relax.  Some love to head to busy resorts and partake in the glamour; some like seclusion in an exclusive area; and still some like a little of both worlds.  For those who fall in the last category, we at Sportsrelocation.com have one suggestion:  Palm Springs.

Palm Springs has been a playground for the rich and famous since the 1920s, and nearly 100 years later it is still a great destination for those who want to get away and yet be close to the action.

And for those who don’t want to spend their vacation time in a hotel, may we suggest leasing a home in one of the many exclusive neighborhoods of Palm Springs?  El Rancho Estates, The Mesa, Tahquitz River Estates, Sunmor Estates, the Movie Colony neighborhoods, all have homes that are available for a short-term lease, and all are private and upscale.

How easy is it to find a place to lease in Palm Springs? It’s as easy as picking up the phone and calling the pros at Sportsrelocation.com.  We say hello, you tell us when you are going to need the home and for how long, and we go to our database and find you a great place to crash for your extended vacation.

Just that easy!

Athlete relocation is not just about long-term.  There are many instances in an athlete’s life when a short-term lease is just what the doctor ordered, and that’s when it is nice to have friends like Sportsrelocation.com.

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.

 

Leasing Luxury Real Estate

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“Can you find me some luxury real estate to lease in the Scottsdale, Arizona area?”

These are questions we hear quite often at Sportsrelocation.com.  Why? Because we are in the athlete relocation business, and our clients are on the move often.

So, the quick answer to that question, is yes.  We are licensed in five states and affiliated in all fifty states, but more importantly, we have a database of clients because of our ten years in the athlete relocation and luxury real estate business.  We know who is offering luxury real estate for lease, and we know who is looking for a luxury real estate lease.  It’s our job to match the two parties and come up with a win/win situation for both.

So we sit down with our client, ask them exactly what they are looking for, and then we go to work.  In this particular case, we found a very nice luxury home in the Estancia neighborhood in North Scottsdale, a gated community with golf and amenities that our client was seeking.

If luxury real estate is what you want….if exclusive is what you want…if professionals in the athlete relocation business is what you want…then give Sportsrelocation.com a call 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.

 

Luxury Vacation Rental Services

lendlWe recently received a call from a professional athlete looking to lease a vacation home in Las Vegas for a week. They were wondering if we knew of anything available, and of course we said yes and arranged for them to lease some beautiful luxury real estate for their stay there.

Sportsrelocation.com takes care of short-term relocation and long-term relocation.  The key word is relocation.  We established, over the past ten years, a network of professional athletes and celebrities, so our finger is on the pulse of the luxury real estate market.  You name the location and we’ll find you a luxury home to lease.  It really is that simple.

And while we are on the subject, if you have a vacation home that you would like to lease out, give us a call.  You can have your property added to our database, and that means your vacation home can earn you income when you aren’t living there, and that’s the best kind of investment property.

If it is relaxation you want…if it is privacy you want…if it is luxury you want….then simply tell us where you want to go and let us handle all the details.  This is what we do, and we are good at 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.

 

The Short-Term Relocation Experts

juniperWith the baseball playoffs still happening, this might be a strange time to discuss Spring Training, but bear with us a moment.

At Sportsrelocation.com, we get requests and questions all the time about athlete relocation, from mundane questions to important questions, about short-term relocation and long-term relocation. We recently had a client, who we have worked with now for over five years, ask about the availability of properties to lease during Spring Training 2015 in the Tempe, Arizona area.  We assured him we could find something suitable to him and a couple of his teammates, and we did.

As you know, Spring Training lasts from the first week of February until the last week of March.  That’s two months away from home, and two months living in a hotel….unless you can find a place to lease, of course.

And we can find that place to lease for you, as we have done for hundreds of other clients over the last decade.  This Is what we do!  We can find you short-term housing no matter where you are travelling to, because we have contacts nationwide.  Do you need temporary transportation? We can arrange for that as well, and we can arrange to have any possessions shipped as well.

If it applies to relocation then we handle it.

Isn’t that what you would expect from athlete relocation experts?

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.

 

 

Understanding the Luxury Real Estate Market

peppersThere are some things about real estate prices that are fairly easy to understand.  The law of Supply and Demand is not terribly difficult.  If a large number of people are interested in luxury real estate, and there is a limited amount of luxury real estate for sale, then the price will rise.

Similarly, if there is a great amount of luxury real estate available, and few potential buyers, the prices will generally drop.

But what about outside factors that may affect prices and sales?  That’s the question we at Sportsrelocation.com were asked the other day, and specifically the question was concerning state legislation.

In California, any discussion about real estate legislation begins with Proposition 13.  Introduced in 1978, California Proposition 13 changed real estate tax law in this state, effectively capping the taxation rate at one percent of the property cash value.  Now, on the surface, that may not seem like it would affect sales or prices, but the tax legislation influences the behavior of the real estate market, thereby affecting the prices of that market.

There are the types of things you need your real estate agent to understand when you are considering purchasing luxury real estate.  One error in judgment can mean millions of dollars, and you want the best advice possible from your real estate agent.  Make sure that when the time comes, you have the best real estate advice that you can find.

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 for Rookies

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The staff of Sportsrelocation.com was sitting around discussing business the other day, and our newest member asked a question that deserves its own blog post.  She asked:

Is the athlete relocation process different for rookies than it is for veterans?

Great question!  One would think so, right?  Relocation is relocation, right?  You move to a new city, you transport your vehicle and belongings, you find a place to live.  Why would it be different for rookies?

The fact is that the decision-making process is definitely different for rookies.  Let me explain.

Few rookies come into a professional league with guarantees.  They may have a contract in hand, and they may be taking part in practices, but the future of a rookie is not even close to stable, which means his future in a particular city is not stable.

Most rookies coming out of college, or in baseball, coming out of the minor leagues, are advised to seek short-term housing rather than purchasing a home.  This just makes good financial sense.  One does not want to purchase luxury real estate only to need to sell that real estate a month later.  It is better to seek a short-term lease, or find suitable hotel accommodations, and see what the future holds before committing to a long-term real estate purchase.

The same reasons apply with the transportation of vehicles and certain household possessions.  Leasing a car for a month or so makes more sense than transporting your own vehicle if you are a rookie.

These are things the average rookie would not think about, and these are things that the pros at Sportsrelocation.com think about daily, because it is our job to know these things.

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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