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As exciting as purchasing a new home can be it can also be one of the most stressful periods of your life when selling your present home is part of the deal. One of the leading ways to reduce stress when selling Manhattan Real Estate is to use the services of a Realtor like you’ll find at our Manhattan Real Estate Company.
 
We are prepared to help you through the uncertain waters of the selling process. But there’s so much more going on beneath the surface. Selling a home is not just about selling a home. It’s about moving to a new home, sometimes leaving friends and family behind, or starting a new job. It can be a very emotional process.
 
It’s easy to forget while knee deep in packing and staging your home for showings that moving can represent an exciting adventure in the lives of your family — an opportunity for growth and new beginnings. Our Realtors are familiar with the obvious stresses as well as the insidious ones. You will be able to rely on them for more than just closing the deal.
 
It’s important to remember throughout the entire selling process, to make time for yourself and your family that have nothing to do with the home. It’s really an insurance policy for your sanity and continued happiness.
 
Stress is sneaky. It can eat away at us during what are supposed to be the happiest of times, because any major change in life is stressful whether we feel it or not. If it’s suppressed, it can wreak havoc both emotionally and physically. For the sake of your continued family unity, keep in mind the following stress-relieving measures:
 
First, remember that it’s perfectly normal to feel unsure of your decision to sell your home. You’ve just made a major commitment, and all of us experience those last-second “What on earth did I just do” worries after signing contracts and making life-changing decisions. Instead of becoming overwhelmed with “what ifs” and dread, reframe this decision as a prime opportunity to begin your lives in a new environment. The old saying “When one door closes, another one opens” definitely applies here. Trust that your Realtor is looking out for your best interests, ask as many questions as you need to throughout the entire process (that’s part of what your Realtor is paid for), and look forward to the adventure that lies ahead of you.
 
If you can, keep an emergency fund in case you run into any unexpected costs. One example: If your buyer comes forward after a home inspection is completed and requests a series of repairs prior to move-in, you’ll be prepared.
 
Don’t lose sight of why you’re selling your home in the first place. Obviously, whether or not you had control over the decision will affect your outlook. Keep your home clean and tidy so you’ll be ready for any last minute showings that come along.
 
While you’re waiting for your home to sell, think ahead to where you hope to relocate to. Whether it’s around the corner, across town, or across the country, round up as much information as you can about your new area. What kinds of cultural offerings does the town/city offer? What are its landmarks and natural attractions? Research some possible day trips you might take with the family once you’re settled. This is a great way to keep the family engaged and looking forward to life after the sale of your home.
 

If you’re like most of us, it won’t come as a surprise when I tell you that New York City has the most competitive & luxury-oriented real estate market in all of the United States. Something that may surprise you though is the fact that Canadians quadrupled their Manhattan Real Estate properties in 2016.

In fact, Canadians alone account for almost a 3rd of the $25.6 billion in global capital that went into the city’s market last year. They spent an upwards of $8.3 billion & used it to purchase some of the most iconic properties in New York.

For example, the main office of Rupert Murdock’s 20th Century Fox & Hudson Yards on Manhattan’s West Side. But why would this happen? Why would Canadians ramp up their spending in such an increasingly competitive market?

To put it simply – it’s just because they can.

Of course, the full story is a lot more interesting. As it turns out, Manhattan is sort of the “Goldilocks” area for Canadian real estate investors. Sure, it’s a highly competitive market. But that competition only signifies that the market itself is growing, as opposed to the relatively stagnant condition of Canada’s real estate market.

Also, compared to the immensely volatile condition of real estate globally, NYC is extremely stable. Long story short, it’s a wise investment for Canadians, despite the competition.

Speaking of investments, let’s talk about the Canadians actually making them. This group of institutional investors is made up of pension funds, insurance companies, & asset managers.

For instance, it was Ivanhoe Cambridge Inc., the real estate division of the pension fund Caisse de Depot et Placement du Quebec that purchased the 20th Century Fox headquarters. Oxford Properties Group Inc., another pension fund division, bought Hudson Yards. They plan on developing it into a commercial/residential area that offers 5,000 residences & 5 office towers.

What does all this Canadian attraction to the Manhattan real estate market mean for the rest of us? Well, it simply confirms the growing influence of foreign interests within the market. Canada has purchased at least 84 properties in Manhattan in the last 10 years, & it will be quite interesting to see if they continue the trend in the coming years.

It should be noted also that while Canada has been the biggest foreign buyer for the past few years, they certainly weren’t alone. Other countries with their share of NYC real estate include the United Arab Emirates, China, & Israel.

In the end, there’s really only one question we must ask ourselves: Is this a positive sign for New York, & for America overall?

The answer, in our honest opinion, is a resounding yes.

The Manhattan Real Estate market is a beacon of hope in the otherwise suffering US economy, & we can only hope that its success will spill over into other industries, as well as our country’s real estate market at large.