Virtual realtor: Real estates 4.0

When you ask architects, builders and other people in the real estate industry what inspires them, it is usually the future. Future, is the change of reality and always brings different aspects.

While the world of real estate keeps turning over the years, buildings become more modern, require less energy, create different cityscapes, the presentation of real estate has often remained at a standstill, in the classic real estate exposé.

Future architecture: just one example from Berlin

To stay in the example of architecture, architectural firms such as Graft in Berlin show how to design modern buildings for future-oriented cities. Urban development that is no longer expressed in the typical, boring facades, but in elements, shapes and materials that bring completely new visual hotspots to the city architecture.

For example, if you look at the villas built by the architects in Berlin, for example in Grunewald, you can see this unique architecture from hundreds of meters. As well as the “Villa M”, a cube made of ceramic plates, each one unique. From the outside, the entire architecture is reminiscent of a giant erratic block. A true one-of-a-kind, as is the outer ceramic casing. In all of Berlin Grunewald, a unique object. Such pioneers are needed so that new ideas can emerge.

But pioneers do not only exist in architecture. There is now also the first real estate portal, with virtual avatar “Ella”, for presentation.

Change in presentation: virtual exposé

What if you could present any property, without an extra visit to the site, moderated? Be possible in 2021!

Digital avatars present real estate

First, what is a digital avatar? Digitalization is on the rise. In architecture, as described above, in building technology and also in presentation. So virtual, digital people are taking over presentation and moderation.

Especially for supra-regional realtors, who have properties not only in their own area, but in other cities, states or even countries, the presentation of a property involves a relatively large amount of effort. Travel must be organized, not only for the realtor himself, but also for the potential buyer, in the further step.

• Model agency: Ella (VR)

With this new technology, the entire laborious process can be skipped, the property is presented by a digital avatar.

Example: Real estate portal with digital presentation

Pictures say more than a thousand words, so here is a small video:

Source: GetKey

Here, for the very first time in the world, a virtual avatar presents a property. Absolute top performance! Here technology combines with one of the largest economic sectors of this planet, the real estate industry.

Program code & CGI design: making ideas real

Digital avatars are animated from program code, partially post-processed with CGI design. This is how ideas are turned into reality, virtual persons who can then travel to places, talk about topics and much more.

In fact, we are thus only at the beginning of the journey in the real estate industry.

XXL precast factories and 3D printers

XXL Prefabrication Factories – Today, the first factories are being developed to develop entire prefabricated parts for high-rise buildings, for entire housing developments, not just the individual prefabricated house.

3D Printers – 3D printers are now shaping houses so that building materials no longer need to be purchased at great expense, everything comes easily and quickly from 3D printing. Here’s a short video demonstrating how a 3D printer builds a house in no time.

Just as construction companies, developers and the building industry are changing, so will the marketing of real estate, in the wake of digitalization.

Presentation of house & apartment through videos: Supraregional

Until now, real estate exposés were preferred by almost everyone. No between technology of presentation he has really prevailed, for example, 360 ° house tours. Why? It lacks the human element, someone to guide through the property.

Of course, as a real estate realtor, you could cover the presentation with a video, so prospective buyers see the property before visiting (just from photos). But this has two disadvantages. Either you have to moderate yourself, that is also be on site, or someone else has to do it and convey the same spirit, the same still know how, as the real estate realtor. Another disadvantage, the language. Do you know Israeli? Spanish? French?

In short, the presentation of the property has different factors, from location to languages. So, as soon as properties need to reach a national or international audience rather than just a regional one, the effort of presentation increases.

Lure new target groups: Marketing tool for real estate realtors / portals

Just as in the entire economy, the real estate industry is also about supply and demand. The new generation of future real estate owners, by purchase or inheritance, has grown up with the Internet. They jump on other carriers (trigger factor).

Therefore, new concepts are needed, also in real estate marketing. On the one hand in the marketing of condominiums, which are sold individually to private persons, for example over real estate portals, just as with the sales of luxury real estates, which are now times more difficult over a badly made Immobilienexposé, as PDF to sell.

If you also want to show innovation, you can’t avoid new marketing strategies. Bill Gates (founder of Microsoft) gave the Internet only a few years in the beginning. Today, more than 20 years later, many real estate realtors, realtor offices and real estate portals are using social networks such as Facebook and Instagram (Social Marketing [external]).

Strategy: Reaching Generation Z

In Israel, a new project has now been launched that has never been seen before in the world. The above already to see in the example video, real estate are presented by “Ella” here.

Source: GetKey

Voice use in technology – Putting digital people in commercials, breathing emotion into them, a really difficult job. The next stage was now to integrate speech, so that Ella becomes a multi speech talent. As seen in example video (above), for example in Hebrew. This way, Israeli customers are specifically adressed on the website.

Der Beitrag First real estate portal with virtual realtor (digital human): Marketing & technology erschien zuerst auf ℄ Real Estates.

Where do the Richest People Live?

If you’re a millionaire, you want a house befitting of a millionaire. That’s why we’ve collected everything you need to know about the places with the most millionaires, the most billionaires, the most expensive cities int he world and the country. This is the definitive luxury list. London is the city with the most millionaires in the world, with 357.000, the size of a small city! Keep reading to find out where the richest of the rich buy their property…

List – Cities with Most Millionaires

One way to measure where the richest people live is to see how many millionaires live in the city. The more millionaires, the more luxurious, expensive and high class the city is bound to be. What makes up a city to have a lot of millionaires? First and foremost, a lot of people. That means that in a city with 5 million inhabitants, you’ll likely have 5 times more millionaires than in a city with 1 million inhabitants. It’s also about where there’s luxury real estate though, because millionaires want to live like millionaires.

Worldwide – Top 10 Cities with Richest People

So, without further ado, it’s time to look at the cities which are home to most millionaires. No surprise, New York is near the top with 357.000 millionaires . It’s a playground if you want to buy luxury New York real estate. The top 5 are rounded out by London at the very top, and three asian cities following. The top 10 cities with the most millionaires worldwide are:

1. London, UK – 357.000 millionaires
2. New York City, USA – 339.000 millionaires
3. Tokyo, Japan – 279.000 millionaires
4. Hong Kong, HK – 228.000 millionaires
5. Singapore, Singapore – 217.300 millionaires
6. San Francisco, USA – 180.300 millionaires
7. Los Angeles, USA – 173.300 millionaires
8. Chicago, USA – 135.000 millionaires
9. Frankfurt, Germany – 128.300 millionaires
10. Beijing, China – 122.000 millionaires

USA – Top 10 Cities with Richest People

The USA is well-represented in the top 10 cities worldwide, making up 3 of the top ten. That’s not bad. In total the USA has over 18.000.000 millionaires, more than 4 times as much as the nearest competitor, China. With this many millionaires, they have to live somewhere, a lot of them in NYC, San Francisco, and Los Angeles obviously, but where else? These are the top 10 cities in the USA with most millionaires:

1. New York City, NY – 339.000 millionaires
2. San Francisco, CA – 180.300 millionaires
3. Los Angeles, CA – 173.300 millionaires
4. Chicago, IL – 135.000 millionaires
5. Washington, DC – 120.000 millionaires
6. Boston, MA – 110.200 millionaires
7. Philadelphia, PA – 109.000 millionaires
8. Houston, TX – 98.500 millionaires
9. San Jose, CA – 90.700 millionaires
10. Detroit, MI – 90.100 millionaires

Most Popular Destinations for the Ultra Rich – Las Vegas, L.A., and more

So you want to learn more about how the richest of the rich live? Well look no further. The richest can be found in Las Vegas Bellagio Suites, Miami Penthouses, and New York Lofts. This is how the richest of the rich live.

Las Vegas – Where the Millionaires live

Las Vegas is home to the richest man in Nevada and the richest man is: Sheldon Adelson, owner of the Las Vegas Sands, a luxury resort chain. It is home to the world’s biggest and best Casinos, and some of the most prime real estate you can imagine. Las Vegas has more gated communities than water in the ocean, and each is more luxurious than the last. That makes it attractive for people looking to have some fun, but also people who are looking to invest smart.

$18.5 mil. Mansion – Villa Tour in Las Vegas

One example of a property in Las Vegas. Typical for the city: decadent furnishings, modern and sleek style, combined with lush greenery, and of course… a golf course in immediate proximity. It also has 7 bedrooms, as well as pool with its own 21 foot waterfall.

• Location: 93 Spanish Gate Drive, Las Vegas, NV 89113

What is the Most Expensive Neighborhood in Las Vegas? The Ultra Rich

It’s a bit of a complicated matter, with Summerlin and Henderson probably being the residential areas with the most >$1 mil. transactions. Although these are not strictly within city limits, we’re just going to count it as Las Vegas. So, the most expensive residential area in Las Vegas is ‘the Ridges’, located in Summerlin. Prices range from $2 mil. and $7 mil. for a house. It is also the area in Las Vegas with most house sales >$1 mil, with the most expensive on the market at the time of writing being $30,4 mil. The full list of most expensive communities in Las Vegas below:

1. The Ridges: $2.000.000 – $7.000.000
2. Anthem Country Club: $1.200.000 – $4.400.000
3. Macdonald Highlands: $1.000.000 – $4.200.000
4. Southern Highlands Country Club: $1.000.000 – $3.000.000
5. Seven Hills: $1.000.000 – $2.700.000

Las Vegas Luxury Real Estate – Property Investments in Sin City

In Las Vegas, real estate is a commodity like in any other city, except with the difference that the city is filled with people looking to make a quick buck, and ready to take a risk. What real estate is concerned it’s an interesting market, and is likely going to be a growing niche in the national markets. Learn more about the hottest neighborhoods, the best places to live, and what you have to know about Las Vegas:

Las Vegas Luxury Real Estate

Miami – Billionaire Row in Florida

Miami is a tropical mega city, and has all the luxury and decadence to show for it. From manmade islands, to the best restaurants in the world, as well as a booming arts scene, and postcard worthy views at every turn. It’s hard to top this city for atmosphere. No wonder it’s home to thousands of millionaires who happily take a seat overlooking the clear turquoise blue waters. If you want to live among the ultra-wealthy, Miami is the place to go.

Designer Mansion in Florida – Millionaire Miami House Tour

Just outside Miami is Tommy Hilfiger’s ‘Fun House’. Here, nestled between ocean and palm trees is a mansion that looks more like a luxury resort. Estimated to be worth around $25.000.000, this probably isn’t easy to purchase. But it is on the market right now! Designed by Martin Lawrence Bullard, this beach villa tour is bound to leave you speechless.

Most Expensive Areas – Where do Millionaires live in Miami?

You may have heard of millionaire’s row in Miami. But Millionaire’s Row isn’t what it used to be. Not since the 90’s have the richest people in Miami lived in this stretch on Collins Avenue between 41st and 63rd Street. Nowadays the ultra-wealthy are heading towards Indian Creek Island, where the biggest and most expensive houses can be found.

List – Where do Millionaires live in Miami?

In Miami, millionaires tend to live in a few top neighborhoods. Although arguably all of Miami Beach is a massive luxury suburb, there’s some neighborhoods you won’t believe. As mentioned the most expensive, hottest, most billionaire, CEO, model, Actor place is definitively Indian Creek Island. Also popular are the Venetian Islands, manmade islands with some of the east coast’s most exclusive properties. Another area to keep in mind: Fisher Island, another of the famous islands lining Miami’s coral-blue waters. These are the richest neighborhoods in Miami:

1. Indian Creek Island: $15.000.000 – $47.000.000
2. North Bay Road: $7.500.000 – $45.000.000
3. Star Island: $7.100.000 – $28.000.000
4. Hibiscus Island: $1.200.000 – $14.200.000
5. Venetian Islands: $1.000.000 – $25.700.000

Where to Buy Property in Miami – Real Estate Investment Florida

To make smart investments, you need to know the situation. From Florida property taxes, mortgage, renovations, etc. everything you need to know about buying a house in Miami, can be found in our article on the top investment areas for Miami. It also details real estate market explanations, and steps to buying real estate, houses, apartments, etc. in Miami, Florida’s hottest, richest, biggest, city.

Miami Luxury Real Estate

Los Angeles – Richest, Celebrities, and CEOs

Los Angeles is maybe one of the most famous cities in the world. If you want to buy real estate in L.A., you may want to look away now. L.A. isn’t just famous because it’s home to Hollywood, Bel-Air, and Beverly Hills. This mega city has everything from art, world-class restaurants, stadiums, beaches, and the list goes on. It’s truly a playground for the richest of the rich.

Top 10 Richest People in L.A. – Who are L.A’s richest inhabitants?

The richest people to live in L.A. are mostly businessmen. There are few women, and also few from the film industry. Although the famous movie director Steven Spielberg is at 12th, and music mega-producer and owner of Geffen Records, David Geffen is at 6th position. The richest people living in L.A. are Elon Musk ($197 bi0.), pharma mogul Patrick Soon-Shiong (6,9 bio.), and Sean Parker ($3 bio.). To spot for the richest people in L.A., the full list of wealthiest Angelenos:

1. Elon Musk
2. Patrick Soon-Shiong
3. Sean Parker
4. David Geffen
5. John Tu
6. Eli Broad
7. Stewart & Lynda Resnick
8. Tamara Hughes Gustavson
9. Steven Udvar-Hazy
10. Rick Caruso

Most Expensive Property in Los Angeles – Luxury Home

This massive property has been dubbed the most luxurious house in the USA. Being worth over $250 million, and including a prviate helicopter, personal chefs, masseuses, 24/7 security, and much more, it makes sense that this property is as expensive as it is.

• 21 Bathrooms
• 12 Bedrooms
• Location: 924 Bel Air Road
• Price: $250 mio.

Where do the Rich Live in Los Angeles? Most Expensive Areas in L.A.

Everyone’s heard about the mega-mansions in Beverly Hills, or the villas lining the palm-lined streets in Bel-Air. There’s probably a lot of areas you’ve never heard of though, that are home to the richest and most luxurious houses you can imagine. Topping the list, Beverly Hills with the average home here costing aroun $9.990.000. Note, if you want to buy an apartment in L.A., it won’t be this expensive! Below the list of most expensive neighborhoods in L.A.:

1. Beverly Hills – $9,99 mio
2. Bel-Air/Holmby Hills – $5.7 mio.
3. Malibu – $5,49 mio.
4. Brentwood – $4,5 mio.
5. Pacific Palisades – $4,7 mio
6. Beverly Hills Post Office – $4,4 mio.
7. Santa Monica – $3,6 mio.

Buying Real Estate in L.A. – Most Expensive

For Luxury Real Estate in L.A., for example if you want to buy a house in L.A., you’re going to want to get informed first. That’s why we have our full overview below. It tells you everything from the current state of the market, the things you should look out for, where to buy real estate in L.A., and pretty much everything else you need to know if you’re thinking about buying property in the city of angels.

Los Angeles Luxury Real Estate

New York – NYC Billionaires Real Estate

If Los Angeles is one of the most famous cities in the world, New York City is the most famous. It is synonymous with metropolis, America, and everything you could ever want or imagine exists in this mega-metropolis. It’s home to some of the tallest buildings in the world, the richest people in the world, the best condos and apartments, and the best bars and restaurants. Apart from some extremely high property taxes, New York City is a gift for real estate investors.

Condo tour in New York – Luxury Apartment Walk-Through

This apartment can be found in the world’s slimmest skyscraper, and gives you a view of central park. It’s seemingly endless luxury begins with the plaster walls, true-wood flooring, a bar with marble countertops. If you’re packing your bags, slow down though, as you’re going to be looking at the hefty price tag of $28.750.000.

• Price: $28.750.000
• Location: 111 West 57th

What is the Most Expensive Neighborhood in New York? The Richest in the Big Apple

It’s no surprise that almost all of the most expensive properties in New York are going to be found in Manhattan. Famous for big companies, its crazy income tax, and skyscrapers to no end. Remember that these prices are for buying an apartment in New York, if you want even more luxury, try buying a house in New York. The ultra-luxurious and high-class areas in this part of the city are world-famous. SoHo, TriBeCa, and Hudson Yards can be heard in movies and songs every year thanks to their iconic status in culture. The most expensive neighborhood in all of NYC is NoHo, with the average house costing around $3.250.000. On a side note, the most expensive area in Brooklyn Cobble Hill is around $1.600.000, and in Queens, Ditmars Steinway is $1.100.000.

1. Noho – $3.250.000
2. Hudson Yards – $3.201.875
3. Tribeca – $3.150.000
4. Central Park South – $3.050.218
5. Nolita – $3.002.146
6. Theatre District – $2.970.000
7. Bowery – $2.350.000
8. Soho – $2.330.000
9. Civic Center – $2.270.000
10. Hudson Square/West Soho – $2.050.000

Luxury Real Estate New York – Expensive and Luxurious

Buying real estate in New York is surely no easy task. If you’re thinking about investing in New York real estate, or even just want to get informed about the real estate market in New York, we have the perfect reading for you. In the article below we detail the best neighborhoods to live in New York, where to buy real estate, how to get into the real estate market, and what you need to look out for. It’s part of our series on buying a house and buying an apartment.

New York Luxury Real Estate

Der Beitrag Where do the Richest People Live? Millionaires, Billionaires and USA Mega-Mansions erschien zuerst auf ℄ Real Estates.

Buying New York Real Estate – Guide and How-To

If you want to buy real estate in New York, you’ll have to get informed. There’s many details and intricacies to be aware of and things to pay attention to. We will answer all your questions: What is the property tax like? Is New York property tax higher than elsewhere? Which New York neighborhoods are best? When should I invest in New York real estate? We answer all questions in this guide for buying real estate. Before we go on about the city though, let us take you through an important question. Which type of real estate do you want to buy?

If you already know in more detail what you’re looking for, go ahead and skip to one of the main articles! (opens in a new tab)

• Buy Apartment – New York
• Buy House – New York

Buying a House – Full Explanation, Guide

If you want to buy a house, our article on the topic is where to look. Our full guide takes you through all steps of the process from beginning to end, starting even before you decide to buy a house, and finishing after you close the deal. If you want to invest in a owning a home, this guide on buying a house is everything you need:

Buying a House

Buying an Apartment – Full Explanation, Guide

If you’d rather buy an apartment, we have you covered. Buying an apartment can be a long and arduous process, especially in a mega-metropolis like New York City. Many people neglect even the thought that apartments can be bought as opposed to rented. This article should convince you otherwise. There is sufficient reason to believe that a significant proportion of people who are currently renting their apartment, could easily buy that same property. Our guide, taking you from A to Z, will no doubt teach everything you need from this top guide. If you are even thinking about buying an apartment, this guide will bring you a step closer to your dream. This is your one stop for everything you need to know:

Buying an Apartment

Buying Real Estate in New York – Unique Costs

To buy real estate in New York is of course different than elsewhere. Let us explain the details which New York real estate carries with it, and what makes it different from other cities’ real estate markets. New York is a thriving metropolis of millions of people and a GDP larger than that of most countries. The real estate market, like most other markets in the city is booming, and there’s good reason to invest now. The only other market that would be similarly difficult is if you want to buy real estate in L.A., but honestly, there’s enough celebrities in the Big Apple.

• GDP: $1,57 trillion
• Pop.: 8,4 mil.

Taxes – Property Taxes, Real Estate Taxes + More

New York property taxes are very different than the general US property tax system. The state of New York changes the tax rates from year to year, depending on the needs of the state. Additionally, it is also complicated by the fact that tax rates are constructed in millage rates as opposed to tax rates. Property tax calculation is therefore more complicated than you’d like, but let us try to explain.

What are Millage Rates? New York Property Taxes Explanation

Mill Rates are Tax Rates. Quite similar to conventional property tax rates, Millage rates serve the same purpose and work quite similarly to the normal percentage of property value calculation. A millage rate, is first and foremost a number, as opposed to a percentage. This number indicates the amount of property tax a property owner is required to pay for their property. A mill rate of 1 indicates 1$ of tax for $1.000 worth of property, a mill rate of 24 indicates $24 of tax per $1.000 worth of property.

• Mill Rate of indicates amount of dollars of tax per thousands of dollars worth of property

New York Property Tax Rates – Most Expensive?

It is often said that New York has incredibly high property tax rates. This is true to a certain degree, New York state, and especially the counties surrounding the city of New York have relatively high property tax rates. NY has an average property tax rate of 0.86%, and this is higher than e.g. California (0.77%). Still Florida, the other major real estate state, has a significantly higher average property tax rate of 0,94%.

• New York Property Tax: 0,86%
• California Property Tax: 0,77%
• Florida Property Tax: 0,94%

Property Tax in New York Boroughs – Manhattan, Brooklyn, Queens, etc.

New York city is the real estate hotspot par excellence. Still its property tax rates are quite low compared to others in the area. New York city is made up of 5 counties (the same make up the 5 boroughs of New York), and they each have property tax rates lower than the national average.

• County of New York (Manhattan) – 0.65%
• Queens – 0.87%
• Kings County (Brooklyn) – 0.90%
• Richmond (Staten Island) – 0.91%
• Bronx – 0.97%

Want to learn more about New York Property Taxes? Reducing your property taxes? Everything you need to know in our guide on

• New York Property Taxes

Buying Real Estate Taxes – Transfer Tax, Mortgage Tax, More

You are required to pay 3 taxes when buying real estate. In New York, it is actually four. there is the real estate transfer tax, which in New York at the moment is a rate of $2 per $500 of property, amounting to 0,45% of the purchase price of a home. Additionally, you will pay the mortgage tax, called the mortgage recording tax in New York, which has a rate of 1,80% when your mortgage is worth less than $500.000 and when the mortgage is worth more than this, the rate is 1,93%. Then there is also the mansion tax, an additional 1% when the property is worth more than $1 mil. Lastly, you are typically required to pay property tax pro-rata when buying real estate.

• Transfer Tax: 0,45%
• Mortgage Recording tax: 1,80%-1,93%
• Mansion Tax: 1%
• Pro-Rata Property Tax: 0.65%-0.97%

Additional Costs – Real Estate Over-Budget

When hearing about the price of your new home, whether an apartment, condo, townhouse, or villa, you never think about all the possible additional costs in real estate. While some call these closing costs, this is not strictly true since, in addition to closing costs like real estate transfer taxes, title-search fees, escrow fees, realtor fees, etc., there are additional costs like mving and furnishing or renovation. L.A.’s closing costs are a little over 2% of the mortgage. I.e. of the mortgage principal (the money loaned to you) you can expect to pay an extra 2% to cover closing costs.

• Additional 2% of mortgage

For more information on additional costs that you can expect when buying a home:

• Buying Real Estate – Additional Costs

New York Real Estate Market Outlook

It’s almost a cliche that New York real estate is impossible to find, and that housing is a commodity for the few and rich. This is true to some degree, the real estate market in New York is intense to say the least. Yet there is enough reason to be optimistic that one can find a property, and once that is done, all evidence seems to indicate that this property will only gain in value over time.

Are Real Estate Prices Going down in NYC? – Housing Market Trends

No. The housing prices are increasing steadily, as indicated by the Case-Shiller Index. To accurately guage the development of real estate prices, the Case-Shiller statistic published by Standard & Poor’s indicates how prices are changing. To be exact, it is a residential real estate market value trend. This index allows one to view the development of housing prices in the city. In New York, one can easily see that housing prices are increasing steadily for the past 9 years.

• Housing Prices increasing steadily for past 9 years
• Case-Shiller Index NY shows development of housing prices

How much it Costs to Buy Real Estate in New York – Average Real Estate Prices

As mentioned, NYC is expensive. You will be paying more per square foot in this city than most others in the US. As mentioned though, because these prices are increasing, this investment is one which is worth the money. So how much does real estate actually cost? In New York City, the median property costs $697.000, averaging to a price per square foot of $307. If you’re looking for a passive investment and want to rent out your property, you can exxpect a Cash on Cash return of 2,1%, with rental income being around $2.200 per month.

• Median Property Cost: $697.000
• Price per Square Foot: $307

New York Real Estate Trends: Price Development Overview

Manhattan, Brooklyn and Queens are clearly a sellers market, as agreed on by the vast majority of real estate experts. The amount of sales in real estate increased by over 20% in the past year. This demonstrates the increasing power of this real estate market. Meanwhile, to get a look at what you’ll be gaining once you have bought a property, median sales price also increased. From $275.000 to $335.000, an increase of 22%! Now, you may be thinking that homes are totally overvalued then, but this seems not to be the case, with the average real estate selling 2.6% below the price asked by the seller.

• Amount of Sales: +20%
• Median Sales Price: +22%

New York Real Estate Agents – How to find the Best Real Estate Broker

Apart from experience, there are a few important things which can make or break the quality of a real estate agent. First and foremost, you will want to find someone who will act in your best interest. This can be done with an agent who is cutthroat and willing to do what it takes in negotiating with a seller, but generally, an important attribute is that your agent is compassionate and friendly. Otherwise, it can quickly turn into a nightmare experience. You of course also want to get along on a personal level with your agent, otherwise the many conversations can become quite arduous.

Finding the Perfect Real Estate Agent – Tips

These are the three things you should keep in mind when looking for a real estate agent. If he or she is missing any of these, you quickly run the risk of a financially risky situation, or simply an uncomfortable experience. This is the 3 p’s rule. The 3 p’s are

1. Personal attributes: is the agent trustworthy, approachable, diligent, etc.?
2. Payment: What is the payment structure of the agent? is their goal to make you happy or to close on as many properties as possible?
3. Past: Take a look at the agent’s past deals to see whether they have been successful

List: Top NYC Real Estate Agents

These are, according to our research the top real estate agents in New York. They are among the best and top selling agents, but also among those with the most favourable experience reports. Remember! Everyone has their own needs, and thus need different agents, but these have shown to have quality, care for their clients, and make good deals.

1. Richard Leasure (Howard Hanna Rochester)
2. John Farrell (EXIT Realty Homeward Bound)
3. Alexa Lambert (Compass)
4. Michael Kenduck (21st Century)
5. Bryan Karp (RE/Max)
6. John Lajara (RE/Max In the City)
7. Geraldine Andolina (21st Century)
8. Daniel Axtmann (Berkshire Hathaway)

Saving Money on Real Estate in New York – Tax Deduction Tricks, Tips, etc.

Real Estaet and real estate taxes are a domain where saving money is just around the corner. With the right moves, you can save in the thousands of dollars. You may want to leave this up to a tax attorney or your agent, but it’s best to be informed yourself about the options.

New York Real Estate Tax Deductions – Save Money on Mortgage

In New York City, you can deduct your mortgage interest from the first $750.000 you owe from your tax bill. This is a massive help to those struggling to make payments, especially considering that those paying mortgage interest will likely be in a harder financial situation as is. Another option for saving on taxes is to upgrade your home, which to make it more energy efficient. Lastly, if you want to improve the state of your house by taking out a home equity loan to pay for renovations, you can deduct the interest from this loan from your tax bill as well.

• Mortgage interest can be deducted
• Home equity loan can be deducted
• Energy-efficiency upgrades

We have a full-size guide on how to use tax breaks and deductions to your advantage:

Real Estate Tax Deductions

First-Time Homebuyer Advantages

For people who are not able to pay a full downpayment, there are many support programs. Real estate purchases are generally encouraged with incentives and support programs. The best are for first-time homebuyers, meaning that if it is the first time that you buy a full residence, you will pay less taxes, and have other monetary incentives. More on that in our main article on buying a house.

• Less taxes for first-time homeowners

Step-By-Step Guide – Buying Real Estate Process

These are the steps you will take when buying real estate in New York. They are by no means the most detailed (for details see buying apartment New York, and buying house New York), but cover the broad overview of what you should be keeping in mind when thinking about buying real estate. The process for all real estate will be similar, with differences only existing in the details.

1. Save up for the Downpayment
2. Find a Mortgage Broker
3. Get Mortgage Preapproval
4. Get your Team Together: Attorney, Real Estate Agent, etc.
5. Start looking at Listings
6. Go to Viewings
7. Submit an Offer
8. Close

Der Beitrag Buying Real Estate New York – Guide, Tips, Checklist for Homebuyers, Investors erschien zuerst auf ℄ Real Estates.

Las Vegas: Casinos, American Way Of Life and “Big Money”

When it comes to real estate investment within Nevada, in addition to popular communities such as Summerlin in Las Vegas, parts such as Henderson and Spring Valley are very interesting and increasingly in demand for new construction projects, as the location is comparatively very central and close to the action. Here we show you exclusive luxury properties that were recently on the market or still are. In Las Vegas there is guaranteed to be something for everyone.

• County: Clark County
• Population: 644,644 (2018)
• Weather: dry desert climate
• Local time: UTC-8 (Los Angeles)
• Coordinates: 36° 11′ N, 115° 8′ W coordinates: 36° 11′ N, 115° 8′ W

Map: City and surrounding area

Here you can see the urban area of Las Vegas and the surrounding area, consisting of steppe, desert and national parks.

Summer House: Lake Las Vegas – $7.5 million

Luxurious architecture meets authenticity and naturalness. This exclusive property scores not only with its stylish interior but also with the view of the untouched nature, which invites families to settle here. Correctly read, this estate is located in one of the fastest moving metropolises worldwide, Las Vegas, only 30 minutes away from the Las Vegas Strip, this property offers you the unique contrast between the exciting city life and the escape of space and time. Arrived a Porte-Cochère, the direct view of the 90m waterfront and a private sandy beach with Zen-Area will pick you up and invites you to relax.

• Price in dollars: $7.5 million
• Price in Euro: €6.6 million
• Price in pounds: £5.9 million
• Highlight: Private sandy beach, 90m water view
• Extras: Including membership in the Lake Las Vegas Sports Club and the popular Country Golf Club Community
• Location: Henderson, Nevada
• Four bedrooms
• Six bathrooms

House tour summer house at Lake Las Vegas:

Location and Address: 23 Summer House Drive

Exclusive Property: Private Sandy Beach & Waterfall – $18.5 million

From the terrace there are direct views of 3 pools, private sandy beach, a huge waterfall and all this surrounded by a beautiful green area. This property clearly deserves to be called a paradise, not only the endless palm trees, but also the Mediterranean outdoor area with its massive stone walls underline the resort flair. Arriving at the house, you will be welcomed by a spacious living room with wall-to-wall glass windows, impressive interior and a huge sitting area with a cozy fireplace. With this property you have not saved space in any area, a generous kitchen with the corresponding cold storage. A master bedroom of around 280m² with separate room for a steam shower, as well as two Chanel boutique dressing rooms for her & Him.

In addition to the Master Bedroom, all 6 other bedrooms are equipped with their own dressing rooms and a spacious terrace. The highlight is the sophisticated guest house with private pool and putting green area. On the first floor there is a large lounge that leaves nothing to be desired and next door a fully equipped wine cellar with room for up to 500 bottles of wine. Last but not least you can park up to 10 cars in a fully air-conditioned garage.

Anyone who has been looking for an exclusive city villa will be amazed, because this exclusive property is only 10 minutes away from the legendary Las Vegas Strip.

• Price in dollars: $18.5 million
• Price in Euro: €16.4 million
• Price in pounds: £14.65 million
• Highlight: Huge water facility with unique waterfall and spa systems, exclusive guest house with private pool and putting green area
• Extras: Luxurious designer equipment, fitness studio, a spacious wine cellar
• Location: Spring Valley, Nevada
• Seven bedrooms and a guest house
• 13 baths

House Tour: Luxurious designer furnishings, wine cellar, everything you need for a good life in Las Vegas

Location and address: 93 Spanish Gate Drive

Spanish Gate (entrance)

Mansion Overlooking the Las Vegas Strip – $25 million

From a rimless pool of nothing but the clear night sky and in the distance the shimmering lights of the entire Las Vegas Strip. This breathtaking performance was hereby realized.

The driveway and exterior façade give you an idea of what an exclusive property this is. 2.700 m² living space with a unique view over the entire Las Vegas Strip. A huge, rimless pool, a natural stone climbing wall, an indoor and outdoor home cinema, a car elevator, the list of highlights goes on endlessly, in line with the motto ‘The Bigger The Better’.

The entire Mansion was equipped with a high-end surround system, as well as RGB lighting in every possible location. The bed of the Master Bedroom is a custom-made in the size of two King Size beds.

The wow-effect is pre-programmed on this property. If you are looking for the superlatives among the properties in Las Vegas, you will find it here. Architecturally, the perfect fusion of groundbreaking technology in the sense of smart home and luxurious, timeless interior has been created. By comparison, such a property would cost at least twice as much in Los Angeles. This property is certainly equipped for the best parties around Las Vegas.

• Price in dollars: $25 million
• Price in Euro: €22.2 million
• Price in pounds: £19.8 million
• Highlights: Borderless pool with views of the Las Vegas Strip, car elevator, two home theaters
• Extras: Huge wine cellar, Unique custom made furniture, Air conditioned basketball court
• Location: Henderson, Nevada
• Three bedrooms
• 12 Bathrooms

25 million is paid for this unique mansion:

Location and Address: Carina Way

Carina Way: Villa to villa.

Real Estate in Las Vegas

Next to New York, the city that never sleeps. In Las Vegas, the lights burn 24 hours a day, as do the slot machines in the city’s huge gaming halls.

Just as huge as the arcades are the numerous (naturally air-conditioned) shopping malls in Las Vegas:

For golf fans and sports fans in general, there are many ways to relieve stress in their free time.

Skyline: Las Vegas from Above

Der Beitrag Luxury Real Estate Las Vegas: Summerlin, Henderson, Spring Valley – Buy and invest up to $25 million erschien zuerst auf ℄ Real Estates.

Condo? Apartment? House? – Type of Real Estate Decisions

So you’ve decided you want to buy real estate. Should you invest in a house or an apartment? What has better resale value? There’s thousands of questions, so below we summarize the most important facts you have to know about what type of real estate you should invest in. There are some important questions though, which we answer below.

Buying real estate? Don’t forget about the…

• 3 Taxes – Buying a House

Do I want to Live in my Real Estate Investment?

Or using the lingo: Investment or owner-occupied properties? If you’re investing in real estate, you will know whether it is for a profit via e.g. rental, flip, appreciation, etc. or whether you want to live in it yourself (i.e. as owner-occupied property). This distinction is important when deciding what type of real estate you want to invest in. For example, buying a house to flip means different taxes than when you use it as a primary residence. This is an important part of the discussion, and therefore will be mentioned often further on. The most important difference for investors is between single-family residentials (e.g. a house) or multi-family residentials (e.g. an apartment building). Note, financing with e.g. mortgages is less lucrative and more difficult to attain for investment properties.

Financing is more difficult for investment properties!

Real Estate Investment – Forming a Business Company, Types of Entities

If you’re going to invest in real estate, you will want to reduce real estate taxes, and reduce liability. This is important so that you do not become involved in a costly legal battle which can cost you your livelihood. Forming a company which rents our property means that the company is liable, and not you. There are many forms of real estate business entities, so check out the full list below:

• LLC
• Limited Partnership
• General Partnership
• S Corporation
• C Corporation
• Multiple Entities
• REIT

What Types of Real Estate are there?

There are 4 different types of real estate: residential, commercial, industrial, and land. We here focus only on residential real estate. This includes many types of buildings, which often have different names in different regions. Our list will go through the top 4 types:

1. House
2. Apartment
3. Condo
4. Townhouse

Of course, if you are deciding on a residence, you will know whether you want to live in an apartment in the city, or a house in the suburbs. Below, we focus on which type of real estate is most profitable.

Should I Rent out my Property?

This is one question which you may not be certain on. After buying real estate, you have two main options: Sell it on, or rent it out. Of course, you can leave it empty to avoid costs of repairs and reap the benefits of appreciation later, or any other number of things, but here we will focus on these two options as they are most popular. There are pros and cons to both sides, and the answer to the question depends on a few factors.

Financing

Buying a property to rent out has different tax implications, as well as different effects on your mortgage. Almost everywhere, investment properties are encouraged, and incentivized via tax deductions. That means lower taxes on the income you make from rental properties, than from selling/flipping. Looking at rental properties, you are entitled to deduct most of the expenses of your property your tax sheet. Repair services, the expenses of home office, insurance and mortgage insurance, are all deductible. The biggest advantage is likely depreciation though, where you can write off the consistently sinking value of a property from your taxes.

• Biggest advantage: Depreciation!

Involvement

The dream of real estate mogul is connected with passive income. That is, letting your investment make you profit, without the pressure of having to run a business or go to the office yourself. That’s called passive income, and it sounds quite comfortable (more comfortable, of course, than it actually is). That’s the type of income you have with rentals, where apart from repairs (which your property manager will take care of), you have little to no involvement yourself. Active income, the opposite of passive, is what most people do in their day job, working for every cent you receive. If you plan to sell your property, you are likely much more active in the process. If you plan on flipping your house, i.e. buy-renovate-resell, you can consider this a day job, as it requires much more consistent work.

Risks

If you are looking to rent out property, there is of course the risk of not finding tenants. On the other hand, there is a similar risk for flipping, when you fail to sell the house above acquisition price (i.e. the cost of buying and renovating the property). In any case, a real estate investment only carries risks if the decision to buy is made without looking at extensive information.

What Type of Real Estate Should I Invest in?

Now that we have all that cleared up, we go on to the different types of real estate and the advantages of each.

House

The so-called single-family residential. This is something everyone is familiar with, and needs no introduction. Typically when you buy a house, you pay a percentage of the full price up front (down payment), and then monthly pay off the rest of the price (the mortgage, more on all this in our article: Mortgage Explained Easily).

Advantages

Lower up-front cost means that at the point of purchase, you have to invest less money than you would for other types of real estate. There’s also the factor that you can quite freely decorate or renovate, without worrying about a building coop breathing down your neck. Another big advantage, you’re buying land at the same time as your house. Even without the house, this appreciates in value.

• Freedom & Privacy

Disadvantages

You’re the person in charge. The same way that carries advantages it also has disadvantages. You need to do repairs, servicing, etc. Of course, there’s also the price. Houses are of course much more expensive than apartments, even when finding a good mortgage. The location, with houses often being situated in suburbs, means distance to the big events or the inner city life. Of course this is also desirable for some, such as young families.

• Responsibility & Work

Apartment

Apartments are often the first step for first-time home buyers. An apartment is any form of residence which is situated within a larger apartment building. Although they are not always the most spacious, they are relatively cheap, and offer a good choice for those people looking to live in the city, as opposed to the suburbs. People often think that it is only possible to rent apartments, and although this is definitely the most common choice, it is also possible to buy and sell an apartment.

The advantages listed above are of course the most convincing. On top of this, you have people like the property manager, who come take care of issues such as plumbing. That means less responsibility for you, the resident. Additionally, the modern apartment building has amenities such as a pool or a fitness room. Lastly, it’s much less lonely, with the common spaces giving room for interactions with your neighbours. Looking at finances though, your apartment is less likely to appreciate in price, meaning that you won’t make profit when selling it.

Condo

A condo is for many the in-between option of apartment and house. It offers the size and relative privacy of a house, without the responsibility of owning a free-standing house. Attached to condos are often things like concierges, and security. Again, here it is also possible to rent, but also buy a condo.

Like apartments, this form of real estate is also less of a risk, as well as less of a commitment, than buying a house. People often neglect the fact that, just like in apartments, you will pay fees for repairs, or to the building managers. These ‘condo fees’ are somewhere between $100 and $700 a month. Another disadvantage is also the close proximity to neighbours.

• Condo Fees: $100-$700 /month

Townhouse

A townhouse is the often-forgotten fourth option. Here, just as with a house you own the property, i.e. the land as well as the building in which you live. This is advantageous because it allows you to build equity over time. So what’s the difference to a normal house? Townhouses are usually set up in a row, wall to wall with the neighbouring houses. That means less privacy, and common issues. Yet, for this reason, and because these are usually smaller than your average house, townhouses can be cheaper to finance. Additionally, they are great options for more space in more populous areas such as downtown city centers.

If you’re thinking about buying a condo, make sure to inquire in the other condos in the association/development. At least 90% should be owner-occupied. Even if you’re renting, ask around and find out how the rest of the owners are doing financially. An association means that if a singificant proportion of tenants are unable to pay, or are simply not paying, you will have to shoulder the load. So if they don’t pay you may suffer.

• >90% of Condos should be Owner-Occupied

Invest, Sooner or Later

No matter when you do decide to invest. Real estate is often the right choice, given that the necessary leg work is done beforehand. That means, getting informed, knowing about the options, and the dis- and advantages of all these options. Our guides on mortgage, property taxes, and costs, give you a strong foundation for what you need to consider.

Looking at real estate in Germany? Our encompassing guide tells you all:

• German Real Estate – Everything you Need to Know

Der Beitrag What Real Estate Type Should I Invest in? Explained, Full Guide + Checklist erschien zuerst auf ℄ Real Estates.