Tuesday, August 20, 2013

Sunwing Announces New Direct Flights to Grand Bahama This Winter

TORONTO, ONTARIO--(Marketwired - Aug. 16, 2013) via marketwire.com
This winter, sun seekers, golfers and families can escape to Grand Bahama courtesy of Sunwing as the tour operator announces new direct service to this island paradise from 6 cities across Canada. Starting January 16th, 2014, Sunwing will be offering weekly winter service from Halifax, Montreal, Ottawa, Winnipeg and Edmonton to Freeport, Grand Bahama, along with year round flights from Toronto. Customers booking their winter vacation by August 31st can take advantage of price protection with Sunwing's Price Drop Guarantee and pay a reduced deposit of just $50 per person.
Sunwing offers a great selection of Grand Bahama hotels at introductory prices, including the brand new Memories Grand Bahama Beach and Casino Resort, a 4 1/2-star all inclusive family-friendly resort located on a pristine stretch of white sandy beach. Memories Grand Bahama offers an impressive array of all inclusive services and amenities including free unlimited green fees at the Reef Club Golf Course, designed by Robert Trent Jones (mandatory golf cart not included). Guests can also try their luck at the onsite casino, or stroll around the nearby shops and markets. Vacations to Memories Grand Bahama Beach and Casino Resort start from just $995 +$350 taxes for 7 days, departing from Toronto on January 18th, 2014.
All Sunwing Vacations direct flights and packages to Grand Bahama include "Champagne Service", which features hot towel service, a choice of hot meals at lunch and dinner served with a choice of wine, and complimentary in-flight entertainment, including first run movies, as well as a generous 20kg baggage allowance. For just $40 more per flight segment, travellers can upgrade to Sunwing's Elite Plus service, which features advance seat selection, separate check-in at a majority of airports, advance boarding, 30 kg baggage allowance, and extra legroom seats.
For more information or to book your Grand Bahama vacation, visit www.sunwing.ca or contact your local travel agent.

Sunday, August 4, 2013

The Emotional Side of Real Estate

Emotions play a big part in life—and that’s also very true in real estate transactions. It’s not always only about the number of bedrooms and the price. A real estate transaction can involve feelings of joy, anger, love, hate, sadness, disgust, surprise, expectation, anticipation, just to name a few. As real estate brokers, our job is part business consultant and part psychologist.

When you want to sell your property, you call a real estate agent who meets with you and “takes a listing”. The agent asks the Sellers to put their emotions about the value of the property on hold, and allow the agent to be objective in appraising their home and arriving at a realistic listing or selling price. Can you really put your emotions on hold? Probably not, but we ask you to try to look at the property with the fresh eyes and analysis the marketplace requires so we can all be objective. A competent agent will factor in the condition of the property, where it is located, what properties with similar features in the same area have sold for, and what other properties in the same area are listed for. Brokers will recommend that sellers spruce up their home and get it ready for market by making minor repairs, painting, and staging.

All of this work sometimes leave the Sellers emotionally drained, feeling they are no longer the King of their castle, and with it, a lot of emotions about selling their beautiful home arises. The house to be sold is not just bricks and mortar, but a sacred space where kids have grown up and many of life’s milestones and memories have been created.

On the flip side, the agent will begin marketing and promoting the home and look for a potential Buyer to connect with the property emotionally—someone who want to make an offer. A Buyer's response to finding their “Dream Home” is often an emotional one as well. If it is a “Sellers' market” there may be multiple offers, which can make the purchase an emotional roller coaster from the Buyer's perspective. If it’s a Buyers’ Market the buyer has a lot of choice, which can be a bit overwhelming as well. Part of the Buying process is a give-and-take with see-saw, balancing what you want, what you need, what you can afford, and what the banks will approve. So, to complicate matters a real estate transaction involves some aspect of negotiation with price, terms—or both­­­—which involves emotion again.

Some buyers and sellers love negotiation and see it as a game of winner-take-all. Some people dread it. And some just deal with it as a means to the end. Things can begin to go bad when people let their emotions enter into negotiations, which happens often in real estate sales. The worst situation possible is when the buyer and seller start negotiating like a sparring partner. They completely lose track of the goal (to buy or sell the home) and start to see themselves in a Rocky movie, trying to win the title fight. They overlook large items that should be important to them, and focus on smaller things that have gotten under their skin. They focus on the fact that the seller wants to take the curtains, or the built-in coffee maker or won’t fix the leaky sink. All of these items are a fraction of a percent of the purchase, but they can’t get beyond it. So, to help you through one aspect of the Emotional Roller Coaster here are 8 tips to take the emotion out of negotiating.

1) The most important thing you can do as buyer or seller is negotiate with YOURSELF, not the other side. Figure out the most you are willing to pay for a home including any repairs, replacing items the seller might want to take, and negotiate to that point. (And conversely, if you’re a seller, negotiate with yourself on the least you are willing to accept in selling the property, knowing which items you’re willing to sell, and which items are open for negotiation.) Ignore the perceived pettiness of the other side and don’t let your feelings for the other side’s behavior and negotiating tactics blow your deal. Keep coming back to negotiating with yourself.

2) Remember, you only have to deal the buyer or seller for 30-60 days, after that the home is yours (or you have moved on) and you never have to deal with them again.

3) Stay focused on the property and your deal with yourself, and tune out the white noise of the other side.

4) See their demands and counters as pawns which are a means to get to the end of the negotiations. Some are disposable and will actually be used strategically to get you what you want in the end.

5) Stay focused on the property and the total deal.

6) Use your Realtor to run interference, this helps diffuse some of the emotion, and keep things moving forward.

7) Wait to respond. Sometimes people respond out of emotion and they think better of it later. If your contract gives you a deadline, don’t feel that you need to respond prior to then; let all the possible outcomes come to light before you answer. Don’t negotiate from emotion, but rather as a form of strategy.

8) Stay positive and visualize the outcome of a smooth closing.

Good Luck to all you buyers and sellers. Stay Calm and use the tips to keep you sane. Until next week …

James Sarles, President & BrokerColdwell Banker James Sarles Realty