10 Reasons for Selling Your Home During The Holidays.

Selling your home during the Holidays can be an advantage!

Selling during the holidays can often be easier.

1. People looking are generally more serious buyers.

2. Serious buyers have fewer houses to choose from, the seller has less competition to sell.

3. Houses are especially appealing with holiday decor.

4. After holidays the supply of listings increases substantially which lowers the demand for your home.

5. Buyers tend to be emotionally motivated at year-end.

6. Buyers have more time to look with less constrained work schedule than non-seasonal time.

7. Many people will purchase by year-end for tax-purposes.

8. You can still be on the market, but have the option to restrict showings to 6-7 days during the holidays.

9. Sell now, and specify a delayed closing or extended occupancy until early next year.

10. Be selling now, you have an opportunity to buy during the spring, when many houses are on the market.

Happy House Hunting or Selling!

Shannon Biszantz

The Biszantz Connection

619-417-4655

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European Asset Managers Have A Massive Exposure To Real Estate.

European Banks Are Also At Risk With Huge Inventories of REO Properties.

Europe’s Banks to Offload $770 Billion of Non-Core Property Assets

European banks and asset management agencies have a gross exposure of $770 billion (€584 billion) to non-core real estate which is subject to disposal or work-out strategies.

The findings, published in the firm’s European Real Estate Loan Sales Market H1 2014 update, reveal that despite the record volume of commercial real estate (CRE) and real estate-owned (REO) sales seen so far this year, the deleveraging process throughout Europe is far from over.

Cushman & Wakefield Corporate Finance carried out extensive research into the non-core real estate exposure of 46 banks and asset management agencies throughout Europe for the in-depth report.  The nine European ‘bad banks’ analyzed hold over 46% of the total gross exposure to non-core real estate, indicating their importance in the CRE loan and REO sales market in the next few years.

The publication details eight ‘mega-deals’ – those with a face value over $1.3  billion – which have closed in H1, while another four are currently being tracked.  These ‘mega-deals’ accounted for 71% of the total H1 loan sale volume; this is up from 40% in H1 2013.

Contrary to the trend observed across Europe in 2013, the average size of loan sale transactions has increased in H1 2014 to $818 million from $455 million in the same period last year – this makes it even more difficult for smaller investors to participate in the sales process.

Following a record first quarter dominated by IBRC, Q2 saw activity spread to Southern Europe as vendors look to take advantage of increasing investor appetite in the region.  As a result, Cushman & Wakefield’s Corporate Finance team estimates $21.4 billion of sales completed in the three months to July, over six times the volume closed in Q2 2013 ($3.3 billion).

When combined with the Q1 2014 figure of $32.5 billion, the total volume for the first six months of this year amounts to $53.8 billion.  This represents an increase of over 30% on volume for the entirety of 2013 and of 611% on H1 2013.

A highly active H1 has led to Cushman & Wakefield Corporate Finance forecasting that closed CRE and REO sales are now likely to reach $79 billion in 2014.

Cushman & Wakefield’s Federico Montero, Head of Loan Sales, EMEA Corporate Finance said, “The record loan sales volume seen so far in 2014 has been impressive, although the non-core real estate exposure of 770 billion across Europe signifies the enormity of the deleveraging process still to occur.  Additionally, the upcoming stress tests being enforced by the ECB will guarantee that the current high levels of activity in the market will be sustained in the next few years.”
– See more at: http://www.worldpropertychannel.com

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Anthorpe Hall, A Brittish Manor is a Bargain Sale but no Bathrooms Included.

Built in 1470, This Sale’s other Catch is that Manor Must Be Open 28 Days A Year To Public.

Idyllic Brittish Manor for sale for $3.8mil with no bathrooms.

Anthorp Hall, a Mansion in the British Country Side, has hit the market for sale for $3.8mil (approximately). But with all “deals” there

are no bathrooms! The Daily Mail reports that the house was originally built between 1470 and 1480 by Sir Guy Wolston, then sold to Sir Walter Mildmay. It reportedly stayed in his family for 350 years. In more recent years, the house has been owned by the Catholic Church and Libyan millionaire Wanis Mohammed Burweila.

Presumably whoever purchases the house, located in Northamptonshire, England, could afford to install a few modern amenities. But as with any historic location, there are bound to be certain restrictions on developing a piece of property first constructed several hundred years ago.

Along with not having a bathroom, the house comes with a few other catches: an annual $155,300 maintenance bill and a requirement that the hall be open to the public for at least 28 days a year.

For More Information: http://news.yahoo.com/blogs/sideshow/historic-british-mansion-48-rooms-no-toilet-190730434.html

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