Why is an exclusive mandate necessary and what are the disadvantages of a simple mandate.jpg

With the exclusive mandate, you can take care of your mandates and close more deals. That's why we've pushed and provided ways for you to make exclusivity a priority. Being exclusive gives you and your client's peace of mind, allowing you to focus on providing excellent service. Acquire an understanding of the best justifications for a private person as well as for yourself. To summarize, we decided to write this article to explain to you why an exclusive mandate is necessary and what are the disadvantages of a simple mandate?

## Make a sale twice as fast

Compared to an exclusive mandate, a simple mandate takes longer to implement. The average duration of an exclusive sales contract is 3 months. In the case of a simple mandate, this process can take up to six months.

These figures can be explained by different elements. The real estate agent no longer hesitates to make a promise without consideration. When it comes to their simple mandates, many competing agencies are ultimately aiming for the same thing. If they don't adapt, agents will be left behind.

If you and your agent sign an exclusivity agreement, the process will go more smoothly. Communication with your consultant is simplified because you have one point of contact. Having to contact multiple agencies to close the sale is more time consuming and inefficient than working with one.

## Buyers' interest in your property will increase with your exclusive mandate

The term "single mandate" tends to evoke negative connotations. If several real estate agencies present a property for sale, the owner may have too much interest in a short period of time. The problem is that not all of these organizations put the same emphasis on their mission or use the same metrics to measure success. Overexposure is not the only problem; the price of the property varies depending on the real estate company you go through. For some reason, the mandate seems weak and compromised. 

When you hire an agent to handle the sale of your home exclusively, they can focus on promoting it. In other words, they will make your new home a showpiece. We can break down the advertising methods used to increase revenue.

## Property prices can be increased during negotiations

In an exclusive mandate, the seller's agent is legally bound to do whatever it takes to make you happy as a buyer. The final sale price of your home is his number one concern.

To negotiate effectively, a buyer needs a clear directive. If one real estate agency offers a high price for a home, the buyer may try to haggle for a lower price with another agency. Since there is intense rivalry between the agencies responsible for selling the property, all will do their best to be the first to sell. An advantage for the buyer. Since only one expert is in charge of an exclusive mandate, the margin of error is reduced to a minimum. A real estate agent will not reduce the asking price of a property to sell it.

Think about the property's possibilities. The real estate agent may suggest new floor plans or staging of the home to increase the appeal of the property.

## Having an exclusive mandate increases the likelihood of finding the right buyer

With an exclusive mandate, agents can extend their time commitment to potential buyers. If you are selling, why should I buy? To increase the likelihood of finding a reliable replacement that fits your organization.

Agencies are competing for the most basic tasks. Buyers will be sought out quickly. Buyer qualifications will be lower than with an exclusive mandate due to agent time constraints. With more time at their disposal, they can reassure potential buyers and provide them with useful information, which helps close a deal. With an exclusive mandate, buyers do not have to negotiate with other third parties. They benefit from one interaction.

## The exclusive mandate allows for more effective advertising

As we have established, an exclusive mandate allows a real estate agent to devote more resources to a single client. Because the budget is larger than a single mandate, it can ensure customized service and, by extension, effective marketing tactics.

There is an expectation that listings will provide more information. Agents selling homes will have more money to spend on things like hiring a professional photographer or using a virtual tour app to sketch out a 3D model.

An exclusive mandate makes it easier to model any necessary changes or renovations to the property. It is not uncommon for organizations to change their strategies and resources to better achieve their goals. If a potential buyer has difficulty visualizing the space after renovation, some agents may be able to provide a 3D model of the space. 

The potential buyer can imagine himself in the house, which increases the likelihood that he will make an offer. A successful sale requires careful listening and clear expression of needs to the most qualified buyers. The organization has the option of doing this in-house or working with a communications company to produce the necessary materials.

## What is a simple mandate?

Now compare this with the simple mandate. You can put your house up for sale to anyone you want. In addition, you can search for a buyer independently.

The flexibility is increased with a simple mandate compared to an exclusive mandate. Unfortunately, this is also its biggest flaw. Why? Consider the disadvantages of this proposition.

## The disadvantages of a simple mandate

**- Agency inertia:** Real estate agencies understand that they may not receive a commission if you sell your home privately or through another party. They will save money on selling and advertising.

**- Longer sale:** The average sale time is double the length of an exclusive mandate, i.e. six months.

**- No more risk of failure in negotiations:** Potential buyers may see your home listed with more than one agency. Since they will assume that it is not selling well, this should open the door to a discussion on the price.

**- High personal investment:** you are in charge of potential buyers and as many real estate agents as necessary. This means that it is a slow process.

The exclusive mandate is not the final step. It is a great tool for your real estate agent to use in selling your home. You should always be careful when choosing a real estate agent.

Why is an exclusive mandate necessary ?

How to sell your property quickly.jpg

Do you think you need a little luck to sell your house quickly? It doesn't! First and foremost, you need to follow certain good practices that, if properly implemented, will help you sell your house or apartment quickly. Would you like to know what they are? We have compiled a list of 6 suggestions for you.

## 1. Do the maintenance and repairs

Do you really think you can skip the renovation phase? Of course not. That's not a good reason not to invest at all, the fact that you will eventually sell.

Visitors will be more likely to stop by if they know the house is livable and has basic amenities.

So change the light fixtures and repaint the walls... Staging your home will help you sell it faster.

## 2. Have your home professionally appraised

Selling your house or apartment can take longer if you try to estimate the value on your own and end up overestimating it.

Using a real estate agency can help you sell your home faster because they are familiar with the local market and its evolution. They will advise you on how to maximize the value of your home.

## 3. Be an artist with a camera and an ad

Taking care of the ad is crucial if you want to attract a large number of buyers quickly.

Give as much information about the property as possible, and specify whether the property diagnostics have been kept up to date.

When taking photos, make sure they are neither over- nor underexposed; potential buyers need to see your home in its best light.

More communication channels (such as social media, advertisements, word of mouth, etc.) mean more potential customers for your business. Putting off finding a solution won't help you make more money.

## 4. Organize the interior, and clean up the fences

Which of these homes would you be most likely to buy?

First impressions count for a lot; they can mark the beginning of a beautiful love affair, but they can also end your dream.

Don't skimp on cleaning and tidying up if you want to make the most money from the sale of your home.

The property needs to be prepared for its new occupants, so make sure there are no obstacles like boxes that could trap their feet.

## 5. Be honest about your home's flaws

Every home has flaws. Trying to hide them will raise suspicion and delay the sale.

But don't let that stop you from highlighting the features of your home!

On the other hand, if the boiler is old and needs to be replaced, be upfront about it and prepare estimates; this will reassure your potential buyer.

## 6. Prepare yourself in advance by preparing all the necessary documents

Preparing an inventory of fixtures, a property diagnosis, repair estimates, etc. for the sale of the property will save you time and make the transaction more transparent.

You will be able to make a more informed decision about potential buyers with all these data in hand.

Have you already put these procedures in place? Whatever the reason, you are now ready to sell your property quickly.

How to sell your property quickly?

4 points to see absolutely for the personal contribution in real estate.jpg

All set! This is the year you are going to buy a house, you have decided. You have already told your relatives, and they have asked you if you have any personal funds set aside for the purchase of your new home in Luxembourg. But what is it? And what exactly is it for? Some clarifications in a few points.

## What does "personal contribution" mean in the context of real estate?

The funds can be used for the purchase of land or the construction of a building. It is any money you have set aside or will receive (through gifts, sale of other assets, etc.) for investment purposes.

## A contribution in real estate credit is a guarantee for the banks

How did you learn this? In some cases, making a down payment can make it easier to get a loan.

This is true. The following factors will be taken into account by the bank before deciding to grant you a mortgage or a line of credit for a real estate purchase: Your regular/sufficient income; your current loan repayment expenses; and...your down payment.

Some financial institutions even stipulate that you must bring a specific amount of your own money as security for the loan. Your financial institution may require a minimum personal contribution of ten percent and a maximum of twenty percent of the total investment, both based on your ability to make monthly payments.

The funds from this donation will be used for a number of different things: payment of registration fees (typically seven percent of the purchase price of the property), notary fees, registration fees, etc.

## The personal contribution in real estate is a smart way to control the debt

Sometimes you don't see the point of having a personal contribution?

If we add that you can control your debt/income ratio, would you be interested?

After signing the loan contract, your monthly payments will be lower in proportion to your contribution. This way you can reduce the risk of overdraft fees.

In this way, your personal contribution will reduce the total amount you have to borrow from financial institutions.

So should you put all your eggs in one basket and buy a house? In a word, no, you don't have to put everything into this plan. You should always have some money set aside for contingencies...

## How can I save for a down payment?

The thought crosses your mind that you just don't have the resources to make such a generous gift, and... Don't panic, but you should consider creating an emergency fund now.

A home savings account is a good option for this purpose. The money in this account cannot be withdrawn for a predetermined period of time, but this should prevent you from spending it immediately on a vacation! The money placed in the savings account can also be partially deducted from your taxable income.

And finally, you are ready to sign your first real estate loan in Luxembourg and to meet your bank's demands regarding your personal contribution. Also, if you haven't already done so, it's time to start looking for a new place to live. Do not hesitate to contact us if you need help in this regard.

4 points to see absolutely for the personal contribution in real estate

How to customize a furnished apartment.jpg

The advantages of a fully furnished apartment are numerous. Whether you are a student, a young professional or someone who is simply looking for a temporary place to live, a furnished apartment has all the essentials already provided. It's the easiest solution! But you're hesitant; after all, choosing new furniture is no small task for you. This place may not be your permanent home, but it has the potential to be.

## A welcoming environment

Even if you have to make do with what's already there, you can always look for something better. Get a footstool, chair or rocking chair. This will make your home more your own and give you more places to relax.

## Make your home more beautiful

If you want your newly acquired furnished apartment to feel more like a home, linens are your best friend. Nothing will entice you to leave your room if you have the right bedding and a cozy throw. Adding a few pillows or a new rug is a simple way to update the look of your home. Make your home more cheerful by choosing linens that you really love.

## There are thousands of shades of color

Think about the neutral furniture in your home and what soothing color it would best match. Choose a new paint color to enhance the small furniture you have. Additionally, you can use glittery decorative tape. Finally, a string of lights can be used to add a continuous splash of color from floor to ceiling. Whether it's a simple garland to brighten up your evenings or a multi-colored garland to make them warmer!

## The decoration is the final touch

The smallest things, like a flower pot, a candle or a mug, can evoke a strong sense of belonging when chosen carefully to reflect everyone's tastes. You can also hang a few framed family photos or interesting mementos. Finding those you love and care about is the surest way to feel at home anywhere. 

How to customize a furnished apartment?

The different methods of decoration using upcycling.jpg

In simple terms, upcycling is the process of recycling that results in a more aesthetically pleasing final product. The basic idea is to take an object that has lost its original function and give it a new function by modifying it in some way. A miracle or the impossible? It is not at all out of your reach, you will see.

## This environmentally friendly method will save you money

Having enough money to buy new furniture and renovate your home can be a challenge. How to make a house a home without emptying the bank account to make it aesthetically pleasing or tenant friendly. You can save yourself with upcycling style. By taking a more eco-friendly approach, you can save money or even get rid of unnecessary items you no longer need. Not only will this save you a good amount of money, but it will also give your home or business a unique and stylish feel with its handcrafted quality.

## Pallet Essentials

The crown jewel of upcycling, it's simple, quirky and almost too obvious to mention. In the early days of the trend, we saw many of them used as coffee tables. To achieve a more country or custom look, pallets can be arranged in a messier fashion. Beds and patio furniture made from recycled pallets have become popular options since then. These pieces of wood can also be used to build shelves, if you're the adventurous type and have some woodworking skills. You can use it as a plant shelf in the kitchen, a bookcase in the office or simply as a piece of wall art. One thing is for sure: this wooden staple can help you save money while giving you access to a wide variety of furniture.

## Small and unassuming, the bottle is made of glass

Glass is the next best thing to wood. As a bonus, recycling can reduce the number of times you have to take glass to the recycling center. Empty glass bottles can be reused as decorative elements to completely transform a room with minimal effort. There is no limit to the possible applications; for example, it can be used to make a lamp or garland. The potential uses for this ordinary bottle are endless. You can give the bottle a personal touch by painting it in a unique color palette and using your own painting tools. Even a burnt-out light bulb can be turned into a flower vase by adding rope, string or ribbon of your choice.

## Upcycling: a way to beautify your image

It's true that upcycling can help you save money and reduce waste, but it can also give you the freedom to give your home a new look and feel. The possibilities are vast; all you have to do is go to your storage unit and pick up something that will make you look good. If you think about it, you can use a ladder as a coat rack, a console as a medicine cabinet, etc. 

The different methods of decoration using upcycling!

Where to install with the family in Luxembourg.jpg

If you and your family decide to make Luxembourg City their permanent home, a smart real estate investment can help you live a very comfortable life. Finding a place to live that is convenient in terms of public transportation, shopping, schools and other necessities can make your daily routine much easier. We've compiled a list of the country's five best neighborhoods for families, where you'll find everything you want.

## The beating heart of Luxembourg, charming and exciting

The heart of Luxembourg City is a favorite spot for tourists, but the city's youthful energy and stunning architecture also attract locals and their families. You can choose between modernized bourgeois houses and carefully restored traditional homes.

This is a very safe option, and you can take advantage of easily accessible public transportation. Although there is only one elementary school, the region offers many opportunities for further education.

## Bonnevoie, a beautiful symmetry !

Bonnevoie offers the ideal balance between urban life and the tranquility of more residential areas. Because of its proximity to the city center and the train station, it has become the most popular residential area.

The bohemian atmosphere of the area is very popular, and for good reason: the brightly painted houses, the winding streets and the diversity of the population are all characteristics of the bohemian lifestyle. If you like sports, you'll be happy to know that this neighborhood offers everything you need to train.

## Gasperich is a fast-growing neighborhood

Thanks in large part to the Ban and the Golden Bell, the Gasperich neighborhood has once again become a preferred location for businesses and their employees.

A large number of structures, including residential and commercial, have been built recently. The arrival of a national soccer and rugby stadium is helping to stimulate growth in the area. A large, brand new shopping center opened in 2019... and there are schools here through high school. All the necessities of family life can be met in the Gasperich area.

## Belair: the favorite neighborhood for families

With its residential atmosphere and relaxed vibe, Belair is an ideal place for families to settle down. A number of excellent educational institutions, including Athenaeum High School, one of the most prestigious high schools in the country, are located in the neighborhood, making it attractive to families with young children.

Numerous bus routes run through the neighborhood, as well as Veloh stations for those who prefer to bike. All the amenities of modern life are within a short drive of Belair.

## The Limpertsberg is a trendy place

The Limpertsberg is home to some of the city's prettiest homes, thanks to its charming architecture. This neighborhood, close to the European district of Kirchberg, is popular with European expats and native Luxembourgers.

It is not only the historic houses that give this neighborhood its charm; the green spaces and cultural institutions such as the Grand Theater and the Utopia Cinema are also remarkable.

If you are looking for a nice place to live with your family in Luxembourg City, these 5 cities are definitely worth your attention. They are affordable, well served by buses and close to everything you might need. Spending money in one of these neighborhoods won't be a bad idea.

Where to install with the family in Luxembourg?

Selling or renting your property.jpg

Property owners often wonder whether selling or renting is the best option. It's an important question that requires careful consideration. For your convenience, let's review the different considerations.

## Making the decision to sell

It is acceptable to sell outright in the event of a force majeure event. The first question to ask is whether you even want to rent, as this eliminates the need for further discussion. Secondly, you may want to sell if you need a large sum of money quickly, on short notice, to help a loved one, complete a project, or free yourself from your ties to a particular continent.

### Determining the value of the house

There are other factors to consider if the answer is still not clear to you. Whether or not the value of your property increases, you will likely be satisfied with the outcome of the sale. On the other hand, if property values are falling, you should act quickly to sell your home before it loses too much value. Currently, the trend is for prices to rise.

### Assess what you have

Although, you should seriously consider selling. You will no longer enjoy the benefits that came with your real estate investment. The luxury of retiring without having to pay a mortgage or rent will disappear, as will your assets. Since the sale is final and cannot be undone, your decision must be carefully considered.

## Making the decision to rent instead of sell

There are a number of positive aspects to renting instead of selling. You can supplement your retirement savings, cover your monthly expenses or even quit your job to focus on your children's education with the money you've earned from your rental property. The benefits of a regular salary go far beyond these examples.

### Benefit financially from a tax break

In some cases, renting can be preferable to buying from a tax perspective. When real estate prices are falling, for example, it may be more profitable to rent the property than to sell it right away. If you have owned your property for less than two years, you will not be able to benefit from the capital gains exemption and will have to wait to sell. If, on the other hand, you own a property that is both desirable and easy to maintain because it is located in a trendy and desirable area of the city, you should consider renting rather than owning.

### Monthly management

However, if you choose to rent, you will need to be flexible. It's not a good idea to rent if you're not prepared to take on the responsibility, handle the stress, and deal with tenants who may not pay their bills. The likelihood of this happening is low, but you can still be picky about who moves in. The potential for property damage should be considered when renting to tenants. 

When investing in a property that is expensive to you or buying expensive furniture, it is especially important to weigh the risks involved. Furnished rentals are generally the best option, but especially if you are renting solely because of an anticipated personal or economic situation. This will allow you to sign a one-year lease with the tenant and speed up the moving process.

It is important to think about and consider a variety of factors before choosing a course of action. This is a major choice that will affect your future happiness, financial stability and quality of life. Therefore, before making a choice, it is essential to listen to your opinion and clearly define your plans and goals.

Selling or renting your property?

Attractive advantages for old real estate!.jpg

You may be drawn to an older home because it carries a more recognizable imprint of history, a more distinctive style or an air of endearing character. But is it the best option for your long-term housing needs and budget? Here we'll summarize the benefits of older buildings.

## Buildings with a long history: the elegance of the past

It's always possible that the finished product of a new home won't live up to your expectations. You can get a good idea of your future home by visiting an old house and mentally reconstructing it, taking into account the renovations you plan to make. Also, these are usually impulse purchases because of the appeal of an old building's charming history.

### The comforting benefits of older real estate

You'll feel more comfortable buying an older home because its value will appreciate at the same rate as a new home, there will be fewer unexpected repairs or renovations, and you'll get the keys sooner. This makes it less difficult to visualize yourself in that house or apartment. If no major set-up is required, you can move in and decorate the space quickly.

### Many property options to choose from

You'll have more options in older properties. Properties can be found in a variety of downtown and suburban neighborhoods, and at a wide range of prices. Depending on the area you're interested in, prices can vary widely, giving you many options to choose from. Ultimately, you'll be seduced by all the design options available to you in terms of aesthetics, era, square footage and more.

All that's left is to choose your ideal home. Older homes have a timeless appeal.

## Is it true that older properties have a higher rental yield?

When you buy a new home, you need to plan for renovations. Even with cosmetic updates, older homes often have insulation, ventilation and heating system issues that need to be addressed. The price at which it can be purchased is preferable, however.

### Cost savings on acquisition

For the same level of comfort and convenience, an older home costs less. Only the initial investment remains higher than what you would pay for a new house.

### It is important to itemize the expenses of any renovation

Some maintenance may be required, depending on the preferences of the new owners. However, any improvements made to your home will almost certainly increase its value and quality of life. Our first tip is to make a list of everything that needs to be repaired. In order to develop estimates and obtain an overall budget for the project, it may be necessary to hire qualified craftsmen or an architect.

### The interest of the energy diagnostic tool

The energy audit should be an important factor in your decision to buy a house. It is important to check the quality and defects of the building. Many homes built before 1975 have energy efficiency problems. In most cases, heat loss is considerable because the insulation is either obsolete or non-existent. It is true that renovations are expensive, but the money you save will quickly pay for itself.

### Renovation assistance

For the purchase of a home, there is a multitude of public and socio-economic aid, as well as tax benefits.

Finally, keep an active research attitude in order to avoid any unexpected construction or repair.

Attractive advantages for old real estate!

Berdorf.jpg

Berdorf is about 32 kilometers (km) from the city of Luxembourg and is located in the middle of the Mullerthal, also known as the Little Switzerland of Luxembourg.

About 1,050 people live in this small town, making it an ideal destination for outdoor enthusiasts and adventurers. The town has caves and rocky plateaus, as well as 65 kilometers of marked trails in a landscape reminiscent of Switzerland.

You have never heard of this tourist mecca? Allow us to present the three most convincing arguments for your visit and, perhaps, for your adoption of this approach.

## Families and adventurers will appreciate the many hiking and mountain biking opportunities in the area

Berdorf is surrounded by 1,200 hectares of forest and lies on a plateau above the Black Ernz, Sûre and Aesbach valleys.

The trails in Berdorf are suitable for both inexperienced hikers and experienced athletes.

From the village, hikers can access a plethora of trails that take them through hilly terrain and through interesting geological features such as the caves and rock formations of Perecop, Hohllay and Predigtstuhl.

Along the way, you can enjoy some of the most breathtaking views in the region (and perhaps the entire Grand Duchy) from one of the many panoramic viewpoints along the way.

## Berdorf's gastronomic scene in the spotlight

Are you tired of hiking and hungry? Don't worry, Berdorf will satisfy not only your sight but also your taste.

Throughout the town you will find restaurants serving Italian, French and local specialties. Discover Berdorf's cheeses, which include white cheeses, hard cheeses, fresh goat cheeses and herbed cheeses.

## Another of Berdorf's unique qualities

It's clear that despite its small size, Berdorf is a popular destination for visitors, especially in summer.

Attracting backpackers, the town provides 9 campgrounds at various locations. At the Martbusch campground, two permanent tent platforms have been set up, and both have easy access to the surrounding trails.

Not only is the city of Luxembourg home to a wide variety of RV campgrounds, but the city itself is also quite unique. Visiting the Aquatower in Berdorf could be an interesting experience for you. Indeed, from the top of this 55-meter tower, you will be able to admire a breathtaking panorama of your immediate surroundings.

For those who appreciate natural beauty, the Luxembourg town of Berdorf has much to offer. This place, away from the hustle and bustle of the city, is perfect for quiet reflection. Despite this, there is always something going on and in summer you can relax with a coffee on the terrace or eat in one of the many excellent restaurants.

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