Real Estate Information Archive

Blog

Displaying blog entries 1-7 of 7

The right of first refusal

by Kijner & Sons International Realty

The right of first refusal to purchase clause on a lease may seem clear at the time a lease is negotiated and it is usually viewed as an incentive to the tenant since it does not cost anything. However, a right of first refusal, unless it is very clearly stated on the lease, might complicate matters.

The right of first refusal gives the option to the tenant that before the landlord/seller can sell the property, the tenant must be given the opportunity to purchase it for the same price, terms, and conditions as the offer received from an outside third party.

1. The lease shall state a specific amount of days for the tenant to respond as to whether he accepts or rejects his right to purchase the property.

2. The lease must give certain amount of days for the tenant to have the purchase contract drawn and executed after he/she is notified of an outside offer has been received

3. The provision should state if this is a one-time right or if it continues during the term of the lease for every offer the landlord receives.

4. The third party offer must be in writing and signed by the prospective buyer before it is presented to the tenant for his consideration.

5. One of the complications that it may occur is that if the tenant declines to meet the price being offered by the outside third party, and later on the property closes a a lower price, after the initial agreed price is reduced due to defects found during inspection period, the tenant may claim he was not given the opportunity to buy at the lower price.

6. All communications must be transmitted in writing and are time sensitive.

7. The lease shall define very clearly if any sale to a third party is going to be subject to the existing lease or if tenant or landlord may have the right to terminate the lease at the time of the sale.

Any Realtor® taking a listing with a lease in place should be made aware by the owner if a right of first refusal is in effect. The Realtor® should review these provisions and clearly understands whether or not the listing Realtor® would be entitled to a commission in case such right of first refusal is exercised by the exiting tenant. The Realtor® should be prepared to assist owner/landlord navigate these troubled waters.

Do you have questions about purchasing or selling a property with a tenant in place in Miami or Sarasota Florida ? Contact our Florida agents today at info@kijner.com. You'll be glad you did :)

--

Courtesy of Mrs. Terri Alvarez, Broker at Fortune International Realty, Miami FL

 

 

Is your Florida home ready for showings?

by Kijner & Sons International Realty

Your Florida home is hitting the market and you want to make sure your property looks in tip-top condition. As we say, a little goes a long way! Here are some tips that can help you sell faster by making your home more appealing to potential buyers:

CHECK THE ROOF – Doing a roof inspection prior to receiving a contract, may put you in a strong position to negotiate with full knowledge of one of the most important aspects when calculating a purchase price. You will also have the advantage of fixing any possible leaks before the rainy season starts and this will prevent possible damage to the interior ceiling of the home.

CHECK THE WINDOWS AND DOORS – Check the windows and doors for proper closure. Cracks will allow warm air entering the home during the hot months, which makes the air conditioning work harder and will increase the electricity bill. Many buyers ask for an estimate of the monthly electricity bill as reference of the air conditioning working capacity.

DRIVEWAY – Power-wash the driveway, get rid of grime and dead twigs. First impressions are powerful. The driveway would be the first thing a potential buyer sees when visiting the property.

FRONT DOOR – A fresh coat of paint to the front door does miracles for the “look” of the home. The front door is the face of the home, show always a smiling face.

GUTTERS – Have the gutters cleaned. Get rid of leaves and other dirt settled in the gutters. This debris may obstruct the flow of water and may clog the gutters. The excess water may overflow back onto the property or may create leaks.

TRIM AND PRUME – As temperatures start to rise is the best time to trim trees and invest in that landscaping project that is always put aside for the benefit of other updates to the inside of the home. Just a bit of trimming and planting of some flowering will give a majestic look to any home.

GARAGE – Unclutter the garage of all those “precious treasures” that have not been put to use for years. A clean, spacious garage increases the size of the home in the eyes of the viewer.

SMOKER DETECTORS – Most owners do forget to check smoke detectors. Ensuring that the smoke detectors are functional, will demonstrate your interest in all aspects of the family well-being.

Are you looking to buy or sell a property in Miami or Sarasota Florida? Contact KSI Realty today at info@kijner.com.

Search Miami Florida latest listings for sale and register to your daily email alerts at 
http://idx.miamihousesforsale.net/idx/search/advanced. It's easy as 1,2,3!

--

Source: tips courtesy of our Miami Broker, Terry Alvarez at FIR

Investing in New York City with KSI Realty

by Kijner & Sons International Realty




Kijner & Sons International Realty
 is your privileged partner for all your real estate transactions in New York City. Whether you are looking to buy, rent or invest in the Big Apple, we can assist you all the way thanks to our multi cultural and multilingual team of real estate specialists as well as our extensive ancillary network of licensed experts from attorneys to accountants and from mortgage brokers to property managers to cite a few. 

We are buyers' representatives. We strive to find you the best options and bring you tailor-made solutions based on your specific profile, needs and real estate goals. 

Check our latest listings for rent and sale directly from the comfort of your computer as they hit the market and are updated daily on our platform by visiting our dedicated search pages:

General Search
Rentals
Sales
Open Houses
New Developments 


Are you undecided about where to live next? Let us guide you through New York's numerous neighborhoods from Manhattan to Chelsea, from the East Village to the Upper West Side or from Midtown to Roosevelt Island. 


Contact us today at nyc@kijner.com or at +1 (646) 480 0667 to learn how we can help make your real estate dream a reality. We would be happy to schedule a complementary one-on-one consultation with you at our conveniently located office in Manhattan

Ask the Expert: US Realtor

by Kijner & Sons International Realty



Kijner & Sons International Realty
is pleased to share a recent report from
World First, UK first foreign exchange broker offering currency exchange and international payments to private and corporate clients in the UK and abroad. Laura Kijner, international real estate specialist with KSI Realty in France and Thailand and, Florida Realtor® with Fortune International Realty in Miami, Florida is featured in their July 29th issue on investment and relocation to the U.S.  

To read the full article by David Trumper, see below:

If you’re thinking about moving to the US, you’ll be aware just how many considerations there are – the actual buying of the property is one of the last things you’ll have to sort out!

Florida Realtor Laura Kijner has helped lots of people in their move to the US, and in this edition of ‘Ask the expert’, she explains some of the things you need to consider. 

In the U.S., every state has different rules and regulations, so wherever you are looking to purchase a property, you should get the relevant information.

Investing or buying a vacation home abroad is quite different from actually moving and living overseas!  Usually, people that have successfully moved to the U.S. have conducted their due diligences – they’ve gone to visit, they know the area, maybe they’ve been there for ten years for a month every year. Moving to the U.S. can be a long process. A lot of people don’t realise that getting the proper visa or even a green card is not an easy task.

Ask yourself the right questions

Do you already have the proper structures in place to facilitate your move and the acquisition of a property? Do you have a U.S. bank account? Do you have all the necessary funds available for an investment? How about currency conversion? Are you a cash buyer? If you need a loan, it’s probably best to check with your financial institution at home since, as a foreigner, you are unlikely to have collateral or a credit history in the U.S. You need to be ready, willing and able! And to be so, takes preparation.

Get to know the place and its people

Make sure it’s right for you and your family. Adapting to a new culture and environment takes time. You need to see yourself working and living there for the foreseeable future. If you are moving with your kids, you will need to think about schools and later colleges. Even to run the simplest errand, you are most likely to drive your car around. Do you have a driving license? Are you fine with driving at least an hour a day? Make sure you find a property in a neighbourhood you like, that is safe and convenient, a place where you can easily commute to and from work.

Drive, walk around, check various neighbourhoods, talk to some agents, talk to fellow expats who have moved to the U.S. and who will give you honest feedbacks, talk to an attorney, a wealth manager and a CPA about what’s involved – it’s about just getting that information.

Many foreigners do not know that dual agency is illegal in Florida. A real estate licensee may enter into a brokerage relationship either as a transaction broker – offering limited representation – or as a single agent with prospective buyers and sellers.

See a house you like? Go for it, whoever you’re signed up with

In the U.S., all real estate agents, with no exception, have the same access to the available properties in their market with the exact same conditions. As members of the Miami Association of Realtors, we offer access to the MLS (Multiple Listing System). The MLS is a tool where, in the words of the National Association of Realtors, brokers share information on properties they have listed and invite other brokers to cooperate in their sale in exchange for compensation if they produce the buyer. Sellers benefit by increased exposure to their property. Buyers benefit because they can obtain information about all MLS-listed properties while working with only one broker. Thus, it doesn’t matter where you find your dream property. Even if it’s not listed with the company you signed up with, your real estate agent will call the other agent and they will cooperate with each other to ensure a successful transaction.

The purchase of the property is the last thing we would take care of. You’re not going to put your trousers on when you’ve already put on your socks and your shoes!

Do things in the right order. If you are not ready to take the plunge yet, you can always sign up for listing alert emails on a realtors’ website – like this one. By signing up to alerts like this, you’ll get a good picture of a place’s real estate market – in this case, Miami – from prices to inventory and you will be able to monitor the changes over time. What you see today might not be available 6 months for now when you are actually ready to buy. Be informed!

Finally, there are many costs associated with the acquisition of a property. These costs depend on your own project, the selected property and its location, laws of the State of Florida, of the County and the City as well as on professionals and/or other providers you are likely to select from Attorney to CPA (Certified Public Accountant). Some fees are negotiable, other not. Some are recurring, other not. Most people are first time investors with very little knowledge of the acquisition and relocation process in the U.S. As a consulting firm, we are here to help and we offer tailored packages for a fee for those in need of full assistance.

Laura Kijner works with Kijner & Sons International Realty, which specialises in investment opportunities and income producing properties in South Florida.

Source: http://www.worldfirst.com/uk/blog/property-2/ask-expert-us-realtor-2/

Looking to buy a condo or a home in Miami? Looking to relocate to or invest in Florida? Contact us today at info@kijner.com

Take the Stress Out of Homebuying

by Kijner & Sons International Realty

Buying a home should be fun, not stressful. As you look for your dream home in either Miami or Sarasota Florida, keep in mind these tips from Kijner & Sons International Realty for making the process as peaceful as possible.

1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the REALTOR® you chose is both highly skilled and a good fit with your personality.

2. Remember, there’s no “right” time to buy, just as there’s no perfect time to sell. If you find a home now, don’t try to second-guess interest rates or the housing market by waiting longer — you risk losing out on the home of your dreams. The housing market usually doesn’t change fast enough to make that much difference in price, and a good home won’t stay on the market long.

3. Don’t ask for too many opinions. It’s natural to want reassurance for such a big decision, but too many ideas from too many people will make it much harder to make a decision. Focus on the wants and needs of your immediate family — the people who will be living in the home.

4. Accept that no house is ever perfect. If it’s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go.

5. Don’t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price or by refusing to budge on your offer may cost you the home you love. Negotiation is give and take.

6. Remember your home doesn’t exist in a vacuum. Don’t get so caught up in the physical aspects of the house itself — room size, kitchen, etc. — that you forget about important issues as noise level, location to amenities, and other aspects that also have a big impact on your quality of life.

7. Plan ahead. Don’t wait until you’ve found a home and made an offer to get approved for a mortgage, investigate home insurance, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.

8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be costs. Don’t leave yourself short and let your home deteriorate.

9. Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big financial commitment. But it also yields big benefits. Don’t lose sight of why you wanted to buy a home and what made you fall in love with the property you purchased.

10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home’s most important role is to serve as a comfortable, safe place to live.

--

Source: The National Association of Realtors® (NAR)

Great Real Estate Apps

by Kijner & Sons International Realty

Kijner & Sons International Realty would like to share with you this little video which presents two really useful real estate apps. If you are looking to move to a new neighborhood and want to learn more about local public or private schools in your area, then GreatSchools.org is for you. If you would like to redecorate your house, then check Houzz.com for the latest home design, decorating and remodeling ideas. Whether you are considering moving to Sarasota or Miami Florida, these apps will surely help you find the perfect home and ease the homebuying process. 

For more information on properties for sale in the Sarasota or Miami Florida area, just click here

 

 

--

Source: The Ticker Show

Common First-Time Home Buyer Mistakes

by Kijner & Sons International Realty

Kijner & Sons International Realty would like to share with you 5 common mistakes people usually make when looking to buy their first house, whether considering the Sarasota or Miami Florida area: 

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale
before they buy. The average first-time buyer only stays in a home for four years.

--

Sources:
Real Estate Checklists and Systems: 
www.realestatechecklists.com
N
ational Association of Realtors®: http://www.realtor.org

Displaying blog entries 1-7 of 7

Syndication

Categories

Archives





Kijner & Sons International Realty
83-85 Boulevard de Charonne, 75011 Paris, France


Privacy Policy - Terms of Service  - Contact Information - Site Map

Real Estate Websites by Real Pro Systems

Copyright © 2003-2018 Real Pro Systems LLC. All rights reserved.