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Financial Market Living Professional Services Real Estate U.K

London’s Luxury Residential Market Booms Defying UK’s Home Sales Slowdown

Even though the UK is now seeing the steepest slump in property prices since the 2008 financial crisis, London’s luxury residences are managing to defy Britain’s housing market downturn, reported The Business Times.

Fifteen homes in Central London valued at £5 million or higher were registered as sold in the fourth quarter of 2022—which is 63% higher than the pre-pandemic average, according to researcher LonRes. “It’s not surprising, therefore, that it tempted would-be sellers to put their homes onto the market,” said Anthony Payne, managing director at LonRes.

UK Housing Market Poised for Disruption

The UK’s housing market is facing a ‘perfect’ storm as it tries to eke out growth while coping with the surging cost of living, hiking mortgage and inflation rates, and the risk of recession. 

The result: rapid cooling in property demand and sales activities leading to a selloff in the UK’s housing market.

Let’s look at how much the British housing market and buyer demand have been impacted by current economic setbacks:

  • British home prices slid in December 2022 by the most in 13 years and are predicted to slip by a whopping 20% in 2023 if the UK’s base rate continues to hike, according to The Guardian.
  • The Bank of England has been raising the base since the beginning of 2022 as part of its effort to return inflation to its 2% target level. The bank rate has gone up to an annual rate of 4.0% in February 2023—a jump of 0.5% from 3.5% in December 2022. 
  • On the other hand, surveyors registered a net balance of -47% for new buyer inquiries in January 2023, plunging from -40% in December 2022.

In such a circumstance, analysts have unanimously agreed that the UK’s property market is facing more turbulence this year.

Wealthy Buyers Are Snapping Up London’s Luxury Property

Despite the present economic upset throughout Britain, luxury sales in London are skyrocketing, outshining the UK’s housing market. 

But why?

First off, even though the interest rate and mortgage rate have hit an all-time high this year, millionaires and elites are less likely to get affected by the impacts of the increase, as they’re less dependent on borrowing. 

Secondly, Britain’s pound continues to tumble sharply against the US dollar, dropping a full cent to around $1.20.

Part of the weakness of the pound sterling is the increase in power of the US dollar which is attracting more international investors and wealthy buyers to flock to London’s priciest homes.

Case in point: In the first half of 2022, overseas buyers purchased 48% of the total luxury home purchases in Prime London—a jump from 13% from 2021.

That said, the demand for luxury property management services offered by agencies like The London Management Company is getting a push, with ultra-high-net-worth buyers investing in upscale properties in Central London.

Offering bespoke services—from maintenance to upkeep and housekeeping—a class-leading agency ensures a client’s luxury property is well-managed, squeaky clean, and always ready for their arrival.

However, in the final quarter of last year, home sale activities decreased in Greater London due to climbing mortgage rates, soaring inflation, and high base rates.

“The final quarter of the year saw a change of direction,” stated the managing director at LonRes. “We’ll be keeping a close eye on how the market unfolds in the months ahead.”

Wrapping Up

Outperforming Britain’s housing market, London’s luxury houses are seeing substantial growth this year.

Categories
Financial Market Lifestyle Real Estate U.K U.S

Dubai Remains One of the Most ‘Affordable’ Luxury Home Destinations in the World

According to the Financial Express, Dubai continues to remain one of the world’s most ‘affordable’ luxury residential markets, with most prime residences transacting for an average $870/sq. ft. USD.

The ‘affordable’ price per square foot in most prime residential neighbourhoods—combined with Dubai’s safety, excellent climate, and unrivalled sun-sea-sand lifestyle—is helping the city cement its iconic status in the luxury property market, thus fuelling the demand.

How Dubai Is Considered an ‘Affordable’ Luxury Home Destination

According to the Dubai Residential Market Review Winter 2022-23, a report published by Knight Frank, the majority of submarkets in Dubai exhibit a house-price-to-income ratio of less than six times yearly income. 

Whereas, as a rule of thumb, a house is considered affordable when its price is around six times the gross income of a household.

The quarterly report, which analyses Dubai’s real estate market and sheds light on key trends and forecasts, also published average house prices vs. average annual income by neighbourhood to help readers understand how accessible the mainstream residential market is.

Based on this report and other factors, the Financial Express has determined that the majority of Dubai real estate is relatively affordable.

The only outliers are three exclusive areas—Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island—with house prices costing more than 20 times the average yearly income.

What’s Driving Demand for Dubai’s Luxury Homes?

Dubai’s luxury home sale boom continues as millionaires flock to the Emirates in search of second addresses in the city’s most exclusive enclaves. 

“The meteoric rise of Dubai’s multi-million-dollar homes market over the course of the last two years has been phenomenal. The performance at the top of the market clearly demonstrates the arrival of Dubai as a luxury hub to rival long-established markets elsewhere, with no sign to suggest a slowdown in the seemingly relentless demand from global ultra-high-net-worth-individuals zeroing in on the emirate in search of second homes,” explained Faisal Durrani, Partner, the Head of Middle East Research at Knight Frank.

A study by Henley & Partners predicted that 2023 would see a massive influx of elites and millionaires settling down in the Emirates, with more and more countries now easing travel and quarantine restrictions. 

Case in point: The number of millionaires migrating to the UAE in 2022 was over 4000, which was more than the number of millionaires settling down in the UK, the USA, Australia, Switzerland, etc.

The result: 219 sales of homes worth over $10 million were recorded in 2022, compared to 93 in 2021—a jump of a staggering 135%.

High-net-worth individuals and the richest international buyers are vying for luxury properties in the three neighbourhoods of Dubai, despite the soaring prices. 

However, the demand for properties has slumped in other cities.

Despite a surge of 49.4% in property price in 2022, Palm Jumeirah remains Dubai’s star performer, making record-high sales of villas and luxury apartments.

Palm’s world-class amenities, private beach access, glittering waterfront views, and tranquil settings has made it top the ultra-high-net-worth customers’ list.

Luxury Interior Design in Dubai

With contemporary designs dominating the Dubai luxury market now, high-end interior design studios are introducing new design styles and ideas to transform exclusive spaces into exquisite residences.

Bringing out the best of both worlds—interior design and architecture—a class-leading interior design studio like Accouter aims to embody the true spirit of design excellence.

Wrapping up

Despite all the challenges posed by global inflation and the shortage of new supply compared to demand, Dubai’s luxury residential market remains affordable and buoyant, showing no signs of slowing down.

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Business Finance Financial Market Technology U.S

NYSE Disaster Recovery Blunder Triggered Major Trading Glitch

The NYSE (New York Stock Exchange) is beleaguered by criticism after an unexpected outage and IT error caused drastic price fluctuations in blue-chip stocks and billions worth of trades to be called off.

The NYSE blamed the ‘technical’ glitch on a manual error with its disaster recovery (DR) system, according to The Register

Let’s Flesh out the Reasons Behind the “Mayhem”

The exchange’s secondary Chicago data centre is supposed to protect US stock markets in the event of an outage or when a natural disaster strikes the venue.

As part of regular maintenance activities, the DR system should be tested daily and shut down manually after the closing bell.

However, on Monday, January 23rd, after the market was closed, an NYSE staffer failed to turn off the disaster recovery system correctly.

The result: the backup system, which is meant to be turned on in the event of a disaster incident only, was left operating overnight. 

It means that the exchange’s trading acted as if Tuesday’s trades were being carried on with the prices of Monday’s trade. 

The consequence: at 9:30 am on Tuesday, as trading started, the NYSE software malfunctioned, and skipped the day’s opening auctions which set prices incorrectly and unfortunately, led to a debacle.

The NYSE, in a statement, said, “The root cause was determined to be a manual error involving the exchange’s disaster recovery configuration at system start of day.

What Was the Consequence?

The technical error triggered a string of events with catastrophic repercussions.

What NYSE addressed as a “system error” caused shares in over 250 firms to go haywire, with some firms encountering fluctuations in their stock prices by around 25%. 

As reported, a total of 84 stocks saw their valuations drastically plunge or surge until they had reached the limits set to thwart securities from trading at extreme prices.

According to a statement released on Wednesday morning, due to the system disruption, 81 stocks had short-sale restrictions (SSR) implemented “erroneously,” with Snap and Morgan Stanley being badly affected. 

While Morgan’s share price dropped by 13%, Walmart saw an increase of 12% in its share price due to the error.

Soon after NYSE halted the most egregious transactions, it stated: “Approximately 4,341 trades in 251 symbols should be busted (canceled).”

NYSE Fielding Claims

NYSE officials spent hours hunting down the reason behind the turmoil until it was confirmed that no such trading chaos would occur again.

“The issues around our market open on Tuesday are our collective responsibility, and we have moved swiftly and decisively to resolve them as a team,” explained a spokesperson from NYSE to Bloomberg. “A core value of ICE (Intercontinental Exchange, NYSE’s parent company) and the NYSE is our commitment to collaboration.”

NYSE is evaluating the financial losses stemming from this “wreck” and is fielding claims from the affected businesses as per exchange regulations.

Automated DR Systems Can Decrease System Failure Risks

Analysts unanimously agreed that automation could help avoid such system errors entirely.

Automation eliminates human error,” according to Dennis Hahn, an analyst at Omdia. “If this [DR system] required to be manually shutdown, this is ridiculous and asking for trouble.”

In short, when it comes to disaster planning for data centres, one of the key elements is deploying an automated DR framework

Future-focused DR solutions like Protera enable customisable and automated backup scheduling. Plus, it frees users from manually configuring each device while also allowing them to back up their business-critical data in multiple locations. 

The result: significantly minimised human intervention, ensuring business continuity.

With customisable RPO and RTO objectives, users can set their systems for backup—every day, every hour, or even every few minutes—based on their backup policies.

Wrapping Up

Unfortunately, the NYSE backup blunder is not the only high-profile operation disruption occurring in January due to manual errors. The recent massive system crash in NYSE raises concern among US retail investors. The occurrence indicates that NYSE should “come up with something better” and implement automation and best practices for disaster recovery management. 

Categories
Business Finance Financial Market Technology U.S

Fujitsu to Divest Entire $1.1B Air Conditioning Unit Stake; Bloomberg

Fujitsu Ltd., a leading Japanese global information and communication technology company, is reportedly divesting its stake in Fujitsu General Ltd.—the unit that manufactures cooling systems.

The declaration came during its quarterly financial announcement in October 2022. The company revealed that it was planning the sale of its stake in non-core affiliates—Fujitsu General, Shinko Electric Industries Co., and FDK.

Fujitsu owned around 50% and 59% stake in Shinko Electric and FDK respectively—as of the end of September 2022.

Not a Partial Divestment

Fujitsu shared plans to sell its entire 42% stake in Fujitsu General Ltd. as the Japanese IT coalition looks to speed up a business overhaul.

Fujitsu General Ltd. shares are worth an estimated ¥140B ($1.1B).

“We have set certain criteria for the sale and aim to sell 100% of the 42% stake,” stated the CEO Takahito Tokita in a recent interview. “We won’t do it halfway.”

Fujitsu Receives Substantial Bids

In line with its divestiture strategy, the company kicked off the auction process after it had found several long-sought customers, such as Bosch. The initial bids for the procurement were submitted by January 20, as decided. 

Fujitsu General received around ten bids from high-profile strategic investors and private equity firms. However, the company has not yet narrowed down the list of bidders, said ION Analytics

Why Is Fujitsu Divesting its Air Conditioning Unit Stack?

The CEO marked the divestiture as a part of the company’s effort to ensure more streamlined operations, reported Bloomberg, a leading financial news website. 

Even though the CEO refused to comment on the negotiations, he said the company was “happy to have interested parties.”

Fujitsu is the sixth-largest technology services provider in the world (based on yearly revenue). In its heyday, this Japanese giant manufactured almost everything—from smartphones and laptops to integrated chips. 

In order to focus more on IT and communication systems, the IT firm is now divesting non-core affiliates and has already sold off much of its consumer product lineup.

For the fiscal year ending March 31st, 2023, the company predicts its operating profit to reach a staggering ~$3.11B (¥400B)—a jump of 83%. 

However, analysts unanimously agreed that the profit will be ~$280B (¥359B). Fujitsu General expects its net sales to rise 37.3% to a total of ~$297.2B (¥390B). It predicts an operating profit of ¥18B for the fiscal year through March this year—an upturn of 113.2% year-on-year. 

In the report, the CEO underscored the COVID-19 outbreak and geopolitical pressures regarding Taiwan as the biggest factors making Fujitsu extremely vulnerable.

According to the report, policymakers worldwide are vying to hold sway over the semiconductor technology used for military purposes. 

According to RF Globalnet, the USA is pressuring Japan to help clip China’s chip industry. In this circumstance, when Fujitsu is hugely dependent on Taiwan’s semiconductors, Tokito said the divestment would help the company prepare for any emergency.

Navigating Carve-out Challenges to Success

Divestiture is a cross-functional process that takes place on a legal, financial, organisational, and technical level. Even though equity carve-out is a standard strategy of business management among consolidated and dynamic enterprises, the permanent split-off of the IT poses challenges to participants. 

Leveraging a high-end IT carve-out consulting service, such as US-based Fission Consulting, can streamline the transaction process and significantly shorten the separation timeline with minimal business disruption.

Wrapping Up

Being at the forefront of hyperconnected business transformation, Fujitsu combines the power of IoT with AI, and network solutions. The aim is to help future-focused companies cope with technological shifts. Regardless of the reasons behind the divestiture, Fujitsu hopes the divestment would help the company optimise business operations while also maintaining the supply chain.

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Finance Financial Market Human Resources Media & Communications Public Affairs

Veteran, Entrepreneur, And Influencer ShaDonna “Mo”McPhaul Teams Up With ADP

For Immediate Release

Fayetteville, North Carolina

Veteran, Entrepreneur, And Influencer ShaDonna “Mo”McPhaul Teams Up With ADP

ShaDonna “Mo” McPhaul is a retired Air Force veteran passionate about helping businesses connect with new audiences to bring awareness to their products and services through “The Mo You Know.” As Chief Executive Officer and Founder, her vision for The “Mo You Know” is to be a conduit for businesses to connect with their target audiences.

Her new partnership with ADP, which provides payroll and human resource solutions for businesses that empower them to thrive in the changing world of work, further extends her dedication to helping businesses of all sizes achieve success.  

“I’m truly excited about working with ADP to help businesses grow and scale while taking care of their employees. Many businesses were faced unprecedented challenges during the pandemic. ADP was instrumental in helping the White House with solutions to help our business community stay afloat.” said Mo McPhaul.

Both Mo and ADP share a dedication to a culture that offers meaningful work, opportunities for advancement, competitive compensation and benefits, and training and development that also acknowledges the importance of having a work-family balance that meets everyone’s needs.

Through this partnership, Mo and ADP will provide businesses with the information and knowledge necessary in the ever-changing and complex area of payroll and Human Resources. These are often areas small and mid-size companies struggle with, especially those that are on a growth trajectory. 

About ShaDonna “Mo” McPhaul

Mo has been featured in GI Jobs Magazine, U.S. Veterans Magazine, Be Encouraged Magazine, Life in the Overflow Magazine, Women’s View Magazine, The Huffington Post, The State of New Office of African American Affairs Statewide Focus Magazine, the Fayetteville Observer, The Fayetteville Press, ABC, NBC, CBS, and Fox.

She has received several awards and recognition, including the Special Achievement Award from the NAACP-Honolulu Branch, The Mountaire Farms “Better Carolina Award, and the Values.com “Hero of the Month” for January 2015.

The Mo You Know Growth Impact Radio Show is featured on WIDU 1600AM and 99.7FM.

Press Contact

ShaDonna “Mo” McPhaul

(910) 463-9494

www.shadonnamcphaul.com

Categories
Automotive Business Finance Financial Market Stock Market News

Plensy™, A Points-Based Lending-System Opens Seed Funding Round to Offer NFT Auto Smart Loans to Dealership Customers

August 24, 2021 – Los Angeles, CA – The Los Angeles-based FinTech startup Plensy™ announces the opening of its $25M seed funding round. Plensy’s patent-pending Points-Based Lending System will compete with digital lending platforms and banks by elevating the vehicle buying experience for both customers and automotive dealerships. For 3 years the team has been self-funding the developement of the technology and systems solving problems holding back the adoption of DeFi into the antiquated automotive sector by applying NFTs to Auto Smart Loans. Plensy™. 

Plensy’s mission is to replace outdated, discriminatory, and draconian credit scoring and lending systems with a smarter, honest, more ethical, and equitable approach to risk assessment and financing, based on real-time data analytics, artificial intelligence (AI), and blockchain technology using asset-backed Non-fungible Tokens

The AI algorithm authenticates protocols and information between the dealership and consumer that are inputted into the Plensy™ DMS (dealer management system) with both transparency and secured methods of verification stored on private and public nodes. Instead of a monolithic credit score often based on outdated or inaccurate information and prone to misuse, Plensy™ evaluates prospective borrowers based on their current buying power and true ability to repay a loan.  

Plensy™ not only brings innovation and a fresh perspective to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs (converting to a digital format), coined as Smart Loans into programmable, yield baring, new and attractive digital asset class which can be purchased and sold on a state-of-the-art platform cryptographically secured with blockchain technology. The low interest rate that Plensy™ will compete with is desirable among investors looking for a good return on their investments and higher monthly income for dealerships. 

Plensy’s Unicorn pedigree includes addressable market, scalability, unfair advantage, timing coincidence, and its founding team:  

  • Sam Errama, Founder & CEO with 20 years of experience in the Automotive Dealerships and Data Marketing industries,  
  • Murali Margapuri, Co-Founder & CTO with 20 years of experience as CTO & VP of Citibank / Banamex global, and  
  • Brandi Kolosky, Chief Growth Officer with 14 years’ experience in Brand Marketing, Capital Raising, Blockchain & Mining Solutions, Global B2B & B2C Business Development and certified in Innovations in FinTech

 

Approximately one hundred twenty (120) dealerships have signed agreements with Plensy™, because of their attention in cross-pollinating and growing the $98B DeFi ecosystem together. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers, beating the quota goal before the funding round began. Plensy’s current financial model only predicts 1% of the $1.4 trillion auto loan market (300 dealerships) — proving the Plensy™ model is the future of car buying. There isn’t competition. There is only coopetition. 

This new approach creates a net positive social and economic impact as millions of previously ostracized consumers are welcomed into the marketplace and new financial opportunities are created for both lenders and borrowers.    

In 2015, the US Congress declared credit scoring to be a monopoly controlled by just one organization, FICO. This monopoly provides credit scoring for more than 90% of the top US lenders. FICO’s credit scoring system leaves over 26 million Americans “credit invisible” and an additional 19 million un-scorable.  

Sam Errama, Chief Executive Officer of Plensy™, expresses: ”We intend to disrupt the antiquated automotive financing ecosystem by delivering asset-backed tokenized loans.”” 

More About Plensy™: 

Plensy™ is poised to disrupt several trillion-dollar markets with a simplified, fair, and intuitive points-based lending-system that expands marketplaces, diversifies risk, and streamlines the process for everyone involved. This would have enormous economic and social impacts! 

https://Plensy.com  

For more information on Plensy’s business model or our seed fund, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com  

Categories
Business Education Finance Financial Market Personal Finance

Finesse Your Fear Academy Launched to Expand Economic Opportunities in Communities of Color

A wealth coach and successful entrepreneur has launched a new initiative to help minority female business owners to build profitable businesses. Latesha Isbell Howard’s ‘Finesse Your Fear Entrepreneurship Academy’ is now open for enrollment.

Find out more at www.finesseyourfear.com

There is no denying the significant wealth and opportunity gaps between minorities and whites in the U.S.

In an effort to expand economic opportunity in communities of color, Latesha Isbell Howard is launching the “1K to $100K” campaign. The focus of this initiative is to help 1,000 minority female entrepreneurs to cross the $100,000 revenue mark. To accelerate achievement of this goal, her company, Savvy Diva Enterprises, is proud to announce the launch of the Finesse Your Fear Entrepreneurship Academy.

Finesse Your Fear Entrepreneurship Academy students will experience a robust 12-week online curriculum designed to equip them with the knowledge and resources to start and run a profitable business. Latesha has partnered with industry experts to deliver high-quality content on a variety of topics critical to business success.

·        Entrepreneurial Mindset guest presenters: LaTunja Caster PhD and Tommi Billingsley

LaTunja Caster, Ph. D. (affectionately known as “Dr. Everything”) is the owner of Next Level Consulting Group, and the founder of the W. E. One Project, a nonprofit. She provides support and resources in the development of people, families, and communities. Latunja is the co-creator of The Purpose Program and The Southern Network Girls, LLC. which is a safe zone for women entrepreneurs to develop purpose, power, and profit.

Tommi Billingsley is a mother and a community builder with a passion and drive to help women and communities of color feel empowered and capable of reaching their most ambitious dreams. She owns two successful brands, Flygirlshhh (a t-shirt line) and The Fearless Queens (a women’s empowerment company).

·        Legal Protection for Your Business guest presenter: Dana Blue Esq.

Attorney Dana Blue is on a mission to strengthen the minority business community by empowering entrepreneurs with tools and resources to legally protect their business through registered trademarks. Dana Blue Law focuses on clearing and protecting names, logos, and slogans you use (or intend to use) to advertise and sell your products and services.

·        Bookkeeping & Taxes guest presenter: Jean Toney

Jean Toney is an Accountant, small business owner and co-founder of two non-profits who is gifted at one thing – putting strategies in place that take your vision to the next level! Her company, JT Financial Services, offers bookkeeping, tax preparation, mortgage, and credit repair services.

·        Technology, Systems, & Automation guest presenter: Renee Simpson

Renee Simpson, systems and automation addict and self-proclaimed Savvy Gal, helps female entrepreneurs launch, manage, and scale their businesses by implementing systems and automation.

·        Human Resources guest presenter: Joy Pittman

Joy Pittman is a Human Resources Strategist and Thought Leader working to close the racial wealth gap for Black business owners and the people they employ. Affectionately known as the “Olivia Pope of HR,” Joy puts her years of human resources management experience to work supporting black women owned start-ups and small businesses as they hire, build and develop their teams .

·        Government Contracting & Grants guest presenter: LaShonda Bracey

LaShonda Bracey is a serial entrepreneur, author, sought-after training guru and creative visionary. She is the CEO & President of Health-Works and ASAP Training and Course Development. This inspiring entrepreneur is making strides in the world of government training and consulting.

·        e-Commerce guest presenter: Stacey Quinn

Stacey Quinn is the CEO of Bossy Glamworks, LLC, an online women’s clothing boutique, where she’s committed to offering a broad range of stylish and unique garments and accessories for fashionable entrepreneurial women. Stacey has scaled her company to generate nearly a quarter of a million dollars in sales thus far in 2021.

·        Non-profits guest presenter: Tykeysha Boone MPH, CNC

Tykeysha “Ty” Boone serves her community as a published author, speaker, volunteer SCORE Mentor, programs and development strategist and capacity cultivator. Ty has more than 20 years of experience in academic and clinical research, community program planning, and nonprofit management and development.

·        Marketing guest presenter: Tiffany Huddleston

Tiffany Huddleston is a marketing master; connecting companies to new prospects with digital ads and converting leads into buying clients through automated funnels. As Director of Marketing at Strike 3 Marketing firm, she deploys her fourteen years of experience in digital marketing and marketing automation technologies to help her clients generate more traffic and conversions.

·        Branding & Public Relations (session 1) and Networking & Sponsorships (session 2) guest presenter: Shadonna “Mo” McPhaul

CEO ShaDonna McPhaul, also known as ‘Mo’ is a combat veteran with 20 years of loyal service to the United States Air Force. She merged her compassion and entrepreneurial spirit and created Mo’s Heroes Inc. (a non-profit dedicated to serving veterans) and The Mo You Know Marketing and Media Consulting Services.

Latesha will facilitate the remaining sessions: Creating a Business Plan, Setting up Your Business, Funding Your Business, Additional Revenue Streams, and Personal Credit. The ultimate goal of the Finesse Your Fear Entrepreneurship Academy is to empower students to walk confidently into entrepreneurship armed with the knowledge and a blueprint to build a profitable business.

As CEO of Savvy Diva Enterprises, Latesha offers consulting services in which she assesses her client’s current business operations to help them develop an actionable plan to increase profitability and fundability.

As part of the process, clients gain insight into how lenders and credit providers may view the business to allow them to develop their plan for funding success. The goal is to ensure that clients set up their business credibly; establish a positive business credit profile and score quickly; obtain vendor, store, fleet, and cash credit in their business name without a personal guaranty; and become more ‘lendable’ by building their business credit properly.

A spokesperson said: “Running a small business is both rewarding and challenging. Savvy Diva Enterprises is here to empower you to do what you do best. We provide you with customized business solutions and the resources you need to help you take your business to the next level.”

Latesha is also a stage 3 breast cancer survivor who also speaks about her journey to overcoming cancer with a message of faith and the power of positive thinking.

To find out more, interested parties are invited to visit the link provided.

Categories
Financial Market Living Real Estate Stock Market News U.S

Hot Real Estate Market and Pandemic Mark Increased Need for Skilled Realtors

Oak Brook Terrace, IL – The real estate market has steadily been heating up in many jurisdictions across the United States, and low interest rates are the culprit. 

Low interest rates equate to low monthly mortgage payments and that also means more buyers are ready to put their bids in. For sellers, that means more money on the table. For buyers, that means you might get outbid by a number of other hungry buyers.

Home buyers and sellers trying to navigate this intense market on their own are being met with many challenges, demonstrating the need for an experienced realtor.

For clients looking for exceptional service with the Illinois rental units and Illinois luxury home markets, they should trust RE/MAX LEGENDS realtor Jennifer Mansoori at Lavish Group Inc.

“VIP clients are always number one, and my goal is to exceed each and every expectation, with one monumental experience at a time,” says Jennifer Mansoori.

Mansoori has more than 20 years of experience in sales and marketing. Her strong foundation in business has equipped her with the tools needed to help buyers, sellers and investor clients.

“Sellers are getting top dollar and mortgage rates are at an all-time low,” says Mansoori, adding, “we are seeing buyer clients getting a little frustrated because so many people are bidding on the same house,” says Mansorri, “I can help you craft a competitive offer while not sacrificing your major wants in a home.” 

Selling your home amid a pandemic also brings unique challenges. Some folks are more uncomfortable with showings with increased health risks. An experienced realtor can help communicate and enforce the seller’s preferences with home showings to potential buyers. Realtors can also help by coordinating a limited numbers of showings during a specified window of time. Other elements of marketing a seller’s home, like doing virtual showings, can also help showcase the home without buyers having to attend an in-person viewing.

According to Mansoori, “Some of my clients say they only want one day of showings and I can help facilitate a schedule to enable safe showings throughout that one day. My clients’ expectations are always met or exceeded.”

Many buyers are in the same boat with their comfort levels during the pandemic. Different buyers have different levels of comfort with health and safety and its up to the realtor to help them feel more comfortable while viewing various places.

The VIP service provided by Lavish Group Inc ensures all clients expectations are exceeded. Mansoori is the expert clients can trust while helping to navigate the Illinois rental unit market and the Illinois luxury home market.

For more information or to connect with Jennifer Mansoori, please visit https://www.lavishgroupinc.com