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Are investors perfect as house buyers over traditional realtors?

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When it comes to selling properties, many people work with real estate agents. These individuals sell the home in a particular way, as that is the established method. However, everyone does not have the same experience while working with realtors. These individuals are professionals who know the expertise to work with homeowners. However, an alternative has shown its face in the form of real estate investors who help resist the procedure’s complications. There are various reasons why you must employ an investor over a realtor for selling your property.

Top reasons why you must consider a real estate investor over the real estate agent

As stated earlier, real estate investors are a better alternative to real estate agents for various reasons. Take a look at the following points in crucial details

• Investors purchase your property without repair: If your home is not in a favorable condition, and you are worried about selling it at a high price, you can take a look at the real estate investors near you. In case the house is run down realtors, may not be interested in working with you. They might request you to make several repairs before they are willing to promote and list your property. The investors, on that hand, will not require such alterations. They will not put forward such conditions before you. 

It is because they have made several inspections and already know the situation of the property. They will draw up an offer that reflects what they will require to invest in repairs. It is beneficial for house sellers as you do not need to pay your repair bills. Investors are not bothered about the damages and condition of the property. Water damages, mold damages, and roof conditions are not their concern. It is because they will make transformations to the property before selling it out. People search for https://mrhomebuyer.ca/we-buy-houses-calgary to check the options. 

• They will help you with foreclosure: when the property is in foreclosure, you have limited options for selling the home. You have to avoid the foreclosure from completion for selling the house. If you are clear that you will not settle the dates with the lender, you have to sell the property fast. Selling the home to avoid the complexities may damage the credit history. Moreover, the foreclosure process is a complicated one. Time is a significant factor in this situation. Investors, on the other hand, regularly purchase properties in foreclosure. They are familiar with the procedure. Besides, they will help you out while dealing with the lender and arranging a fast sell. It will help in closing the deal well before the foreclosure.

• They purchase properties in awful neighborhoods: when you buy a house, you pay considerable attention to the neighbors. There is no guarantee that cheerful neighbors will surround your incredible home. When you move to the cottage, you explore the nature of the surrounding. In case the neighbors are not cooperative, you may have a hard time. Moreover, it is hard to find buyers who will be interested in the property. In this case, the best realtors will struggle to sell the house in loud city provinces and high crime regions. The real estate investors are not going to live in the property. Hence, they hardly care about their neighbors. Whether it is loud surroundings or terrible traffic, or troublesome neighbors, they do not interfere. They invest a vast amount of money and transform the property, which increases the chances of attracting more buyers.

• You do not have to worry about the relisting: when working with real estate agents, you have to agree on their terms and conditions. They have a fixed amount out of the time frame within which they will go about the process. In case the house does not sell within that time frame, you have to relist the property and restart the process all over again. Finding a new agent is a tedious task in this situation. Investors, on the other hand, are looking for buyers who will be interested in your property. They purchase the property themselves and, after modifications, search for new buyers. After selling the property, your responsibility finishes. What happens to the property is the sole arena of the investors. Besides, they are well aware of market conditions and regular market operations for which they remain prepared.

• Cash transaction: Realtors can only help you find the buyers but cannot finance the buyer. Only financial institutions can do it. As most individuals do not buy a home with cash as such, they require loan approvals from financial institutions for purchasing the property. Sometimes, after entering the sale process, they are denied the loan and mortgage. In this condition, you have to start the process all over again. Investors, on the other hand, have their own money. They purchase the house in cash. Hence, they do not require approval by financial institutions. Thus, you do not have to worry about complicated escrow processes and hang-ups. The all-cash purchase makes the process easier.

• The real estate market is not the concern: their success depends on the market in the home region that they are trying to sell. Even highly qualified real estate agents have no role in the housing market as it is subject to market risks. The market may sink or float depending on the cash-demand-supply cycle. Investors will purchase the house and make it look attractive for selling it in the rough market. You do not have to wait for the market to stabilize. Even in the worst market scenario, the movement or growth of investors does not get restricted.

The complicated paper works related to the process will no longer be your forte. The investors will look into the details. Moreover, these individuals do not require any fees and no closing costs. The quick closing process is another significant advantage related to real estate investors. The investors close the transaction within a few weeks. Hence, you do not have to wait for a prolonged period. They are very quick with their offers; therefore, you can start your packing just after you have accepted the investors’ offers. Be abrupt in your process and decide to work with the investors because of their proficiency and professionalism.

Food and Drink

Duomo 51 Hit or Miss With a Great View

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Are you looking for a summer rooftop terrace with a view of St. Patrick’s Cathedral and Rockefeller Center?Duomo 51 is open for breakfast, lunch, dinner or cocktails. Finding the restaurant is not the easiest as there is no sign outside, as of yet. Duomo 51 is located on the seventh floor of the DoubleTree Hotel directly across the street from Rockefeller’s Center.

You take the elevator to get up there and it is under renovation and dirty, but once the elevator opens there is an expansive dining room that leads into the glass-enclosed terrace, with views of St. Patrick’s Cathedral. The terrace features a retractable roof and heaters. On either side will be cocktail bars and chairs that over look Rockefeller Center.

Duomo 51, opened a month ago and it really needs time to get the kinks out. The terrace is not finished and seems a little sterile. The servers are not exactly trained. When my first server poured my water, he got more on my phone, glasses and table and then walked away without cleaning it up. When I asked for a paper napkin he reached over and took the cloth napkin and didn’t even wipe the top which would have had more water flying, until I asked. Thankfully I ordered a drink and that was perfection. Lost in Rome ($20) is Vodka served with a blueberry Puree, lime, mint and ginger beer served in a shaker.

The menu is Tuscan-Italian inspired, so for appetizers we started out with Burrata ($20) with tri colored Herman’s tomato’s lightly glazed with balsamic and olive oil. The Burrata melted in your mouth and was delicious with the sun-dried tomato olive oil served with the bread. Delicious.

The fabulous olive oil with sun-dried tomato’s

We also had the Gamberi al Brandy ($25) grilled shrimp with cannellini beans, fresh tomatoes, and cognac sauce, but the sauce is non existent, so basically grilled shrimp with beans, that lacked flavor. Yeah for the delicious olive oil infusion.

I ordered a Malbec, Aymara ($15) that had a nice balance and body.

For our main course we shared the handmade pasta Carbonara style ($27) Spaghetti here is served with organic egg, pecorino cheese, smoked pancetta and ground pepper is offered. When the cheese was served it was not freshly ground and the dish lacked peas and had too much salt, so nice but not great.

We also ordered Dover Sole (MP) prepared table side. This delightful fish was lightly sautéed and was served in a lemon sauce, but not enough of it. Also though the fish was deboned, it was not served to us. They offer the wrong utensil, so when serving myself the fish slid off the spoon, but the dish itself was something I would order again.

For dessert homemade Ice Cream with warm berries ($12) and a homemade Panna Cotta with fresh berries ($12). Both of these were truly wonderful. My guest had a cappuccino ($6) with a heart on top, as well. It was a terrific ending.

Duomo 51 offers elegant private event spaces with many different attractive setups based on the size of the party and occasion and you can have a party up to 130.

The lavatory/bathroom is located down a flight of long basement stairs and is not so clean. Also on the elevator down there is no L button instead you have to push G for ground. All 6 of us in the elevator thought that stood for garage. Still there is much to admire about Duomo 51 and look forward to trying them again in another couple of months. However if you are planning an Easter brunch, this just might be the perfect place for Brunch.

Duomo 51: 25 W 51st St., 7th Floor

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Events

Hoodwinked from Heaven Looks At Alzheimer’s

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Hoodwinked from Heaven makes its NYC debut at Leonard Nimoy Thalia at Peter Norton’s Symphony Space, 250 W 95th Street on Sunday, May 7, 2023 @ 3:00 PM

Elisa Brown wrote Hoodwinked from Heaven for her late father Bill who suffered with Alzheimer’s. In this heart-warming, knee slapping, one woman show, Elisa kicks up her heels and spins some Tall Texas tunes and tales inspired by true family stories. This show celebrates the deeply American music that kept Elisa’s family alive with hope and laughter and continues the legacy of her father’s character and love.

Originally trained as a classical singer, Elisa’s  has been thrilling audiences around the globe for decades. She sings a wide range of vocal styles – from country to pop to Spanish musical theater and opera. Elisa now  takes her to solo performances on Off-Broadway, The Bitter End, and Carnegie Hall, as well as to concert venues in South America, Spain, and China, and onwards. She had her own show on PBS, The Heart of Art with Elisa Brown. Her CDs, The Ave Maria Experience and New World, was co-written and co-arranged with Grammy winning producer Barry Goldstein, and has garnered worldwide praise.

If you know or have someone suffering from Alzheimer’s this show just might help lighten the load.

For Tickets ($45) and more info: www.elisabrownmusic.com

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Business

Maximize Your Money: 6 Simple Ways to Get Your Money Working for You

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When you want to build wealth and strive toward financial freedom, it’s not just about earning more money. It’s also about putting that money to work. Whether it’s investing in a mutual fund or working with tax accountants to find the best deductions, below are six ways to maximize your money:

1. Invest in a mutual fund 

Mutual funds are a great option for those who may not have the time, knowledge, or resources to manage their own investments. By pooling money together with other investors, mutual funds provide access to a more diversified portfolio than what an individual investor could achieve on their own. This reduces risk while at the same time providing opportunities for growth.

Mutual funds often have low minimum investment requirements, making them accessible to a wider range of investors. Before choosing a fund, ensure that it’s a good fit by reflecting on your risk tolerance and investment goals.

2. Methodically save for retirement

Prioritize saving for retirement when considering how to maximize your money. One way to do this is through an employer-sponsored retirement plan, such as a superannuation fund in Australia or a 401(k) in the US. 

Both plans allow you to contribute towards retirement savings in a way that helps you save more and reduce your taxable income. Ideally, you contribute as much as you can on a monthly basis to ensure a comfortable retirement. If you want to boost your retirement planning strategy, you can go for something like a self-managed superannuation fund or Roth IRA. 

3. Buy rental property

Rental properties can be great investments because they generate passive income month after month, year after year. The key to success with rental properties is understanding what types of properties will be most profitable in your area and finding good tenants who will take care of the property and pay their rent on time. 

4. Open a high-yield savings account

By putting your extra money into a high-yield savings account, you can potentially earn more interest over time, helping your money grow without any additional work on your part. High-yield savings accounts tend to offer better interest rates than traditional savings accounts, which means your money can work harder for you. 

This can be especially beneficial for long-term savings goals or emergency funds. Just be sure to compare account options and fees before selecting a high-yield savings account to ensure that it’s the right fit for your financial needs.

5. Start a side hustle (or two)

A side hustle is a great way to generate some extra income without having to put too much effort into it once it’s up and running. A great side hustle depends on what interests you have. Some popular options include freelance writing, selling handmade items online, and creating webinars or courses. You could even become an Uber driver or Airbnb host if you have the right vehicle or home space available.

6. Work with a tax accountant

Finally, working with a tax agent can be a smart move if you want to maximize your savings and minimize your tax bill. A tax agent can help you identify any relevant deductions and credits so you can take advantage of all available tax breaks. They can also help you develop a tax-efficient investment strategy that can help you save money over the long term.

Making your money work for you requires a bit of effort and planning. Start today with the simple tips above. Like compound interest, these simple changes can lead to big rewards over time.



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