Singapore Real Estate - Star Project
by Star Project
The vast majority (more than 80%) of Singaporeans live in public housing. These homes are located in housing estates, where most are developed neighbourhoods with schools, supermarkets, clinics, food centres and recreational facilities. Popular neighborhood estates include names like Ang Mo Kio Town, Toa Payoh, Clementi, Yishun, Bishan, Hougang, Simei, Woodlands, Punggol, Bukit Batok,Tampines and others to the name. In short, they are called HDB.
Owning a home, a property in these places is a satisfaction. However, a buyer must consider factors before buying properties. It is the decision of the buyer to engage with real estate agents to handle transactions. Advantages of hiring the best real estate agents depend on its accreditation. STAR PROjECT is a member of The Singapore Accredited Estate Agencies (SAEA) Scheme was introduced in November 2005 to ensure that accredited agencies and agents are competent and proficient in their field, and are equipped with the necessary knowledge and skill to give advice and carry out property transactions and deals.
The scheme was initiated by the Singapore Institute of Surveyors and Valuers and the Institute of Estate Agents and is supported by the Ministry of Finance, the Housing Development Board and the Inland Revenue Authority of Singapore.
Individual agents must either have a degree or diploma in real estate studies, or passed a professional examination called the Common Examination for House Agents (CEHA).
And STAR PROjECT also possess a valid house agent’s licence issued by the Inland Revenue Authority of Singapore.
Aside from availing themselves to professional advice, clients of accredited agents will also have an avenue for dispute resolution (at the SISV Mediation Centre) should they encounter problems during transactions.
วันพฤหัสบดีที่ 31 มกราคม พ.ศ. 2551
วันพุธที่ 30 มกราคม พ.ศ. 2551
Free Seismic Upgrades for Oakland Real Estate
Free Seismic Upgrades for Oakland Real Estate
by Hamid Grinage
If you're from Oakland or anywhere in the the East Bay Area, then when the ground starts moving you don't get "too" surprised because it happens so often! We're pretty safe from floods, hurricanes and snow, but we are known for earthquakes and this means extra measures need to be taken in most cases to help a home stay in one piece and on its foundation in the even of a large quake.
Seismic retrofitting is the process of reinforcing your home against the forces of earthquakes. In general, it includes sheer walling your foundation walls to help prevent them from twisting during an earthquake, and bolting your home to it's foundation to help prevent it from sliding off the foundation during a seismic event. There also metal braces that are used in certain types of foundations that are used. Depending on the type of construction it is, there may be other things that can be done as well.
To help homeowners in Oakland get their homes upgraded, the City of Oakland is now offering a partial rebate of the city transfer tax on your real estate transaction to be used to pay for seismic retrofitting. The program works like this: Within 60 days of closing escrow on your new home, you must complete and submit your application to the city. Once your application is accepted, you have one year to complete the seismic retrofit work. The incentive is that you can get a rebate for a portion of the city transfer tax that you paid when you bought your home. The rebate can be up to half of one percent of the purchase price of the home. So on a $400,000 home, you could receive $2000 back towards the cost of the retrofit work. This work isn't usually too expensive, so $2000 can go a long way to help protect your home. Unfortunately, this program only applies to purchasers of Oakland real estate, so if you are currently a homeowner already then you would not be able to take advantage of it.
Most homes in Oakland do not have seismic reinforcement, and considering the age of most of the homes in Oakland, it's great that the city of Oakland has created a way to get some (or all) of this work done at no cost to a buyer. We in the Bay Area do live in an active seismic zone, and this type of work has been proven to help protect homes from damage during an earthquake.
by Hamid Grinage
If you're from Oakland or anywhere in the the East Bay Area, then when the ground starts moving you don't get "too" surprised because it happens so often! We're pretty safe from floods, hurricanes and snow, but we are known for earthquakes and this means extra measures need to be taken in most cases to help a home stay in one piece and on its foundation in the even of a large quake.
Seismic retrofitting is the process of reinforcing your home against the forces of earthquakes. In general, it includes sheer walling your foundation walls to help prevent them from twisting during an earthquake, and bolting your home to it's foundation to help prevent it from sliding off the foundation during a seismic event. There also metal braces that are used in certain types of foundations that are used. Depending on the type of construction it is, there may be other things that can be done as well.
To help homeowners in Oakland get their homes upgraded, the City of Oakland is now offering a partial rebate of the city transfer tax on your real estate transaction to be used to pay for seismic retrofitting. The program works like this: Within 60 days of closing escrow on your new home, you must complete and submit your application to the city. Once your application is accepted, you have one year to complete the seismic retrofit work. The incentive is that you can get a rebate for a portion of the city transfer tax that you paid when you bought your home. The rebate can be up to half of one percent of the purchase price of the home. So on a $400,000 home, you could receive $2000 back towards the cost of the retrofit work. This work isn't usually too expensive, so $2000 can go a long way to help protect your home. Unfortunately, this program only applies to purchasers of Oakland real estate, so if you are currently a homeowner already then you would not be able to take advantage of it.
Most homes in Oakland do not have seismic reinforcement, and considering the age of most of the homes in Oakland, it's great that the city of Oakland has created a way to get some (or all) of this work done at no cost to a buyer. We in the Bay Area do live in an active seismic zone, and this type of work has been proven to help protect homes from damage during an earthquake.
วันจันทร์ที่ 28 มกราคม พ.ศ. 2551
The How to Buy Real Estate Software Checklist
The How to Buy Real Estate Software Checklist
by James R Kobzeff
Searching online for the right real estate software you require to meet a particular desire can be confusing, to say the least. Take it from someone who knows, having myself spent big bucks online for real estate software.
Where do you begin? There are a variety of real estate software solutions available, with various features, tools, and reports. Once we determine our budget, we have consented to the investment, so the confusion is not just about price. We just want it to work for the purpose we expect, and most of all, we want it to be easy.
Here is a checklist you might want to employ when you get ready to purchase real estate software. It has helped me.
1. Look at the web site. The web site is the first clue about the software. Is the site well organized, creative, informative, unobtrusive, and easy to navigate? Bear in mind, the same company claiming to you that their program is easy to use and professional and your best solution publishes the website.
2. Read what the software purports to do. Knowing whether the software is what you need is crucial, though not always easy to decipher. If you are uncertain about what the software does, call the company and ask for clarification. When a number is not available, you might want to opt out. You do not want to spend money on a software program you are unsure may help you, and worse yet, are not able to discuss it with the software company directly.
3. Preview the screen shots. Screen shots of the forms and reports should give you a good idea of what the program will look like when you open it. When screen shots are not included, get concerned. If the developer is not thorough enough to post a few gifs, chances are that the software will be more hype then substance.
4. Read the testimonials. Reading what real people who use the software have to say about the software is helpful. Most testimonials are legitimate so you should be able to trust them.
5. Examine the support policy. When you encounter a problem, or have a question, how are you served? Telephone contact is always preferred, especially with the developer. Email contact is okay, but I generally like talking to a real person.
6. Read about the company. The more experience related to your type of real estate business the better, and look for longevity. How long has the company been in business? This alone should not persuade your decision (all real estate software companies have to start somewhere). But given the choice, it might be better to look for some seasoning.
by James R Kobzeff
Searching online for the right real estate software you require to meet a particular desire can be confusing, to say the least. Take it from someone who knows, having myself spent big bucks online for real estate software.
Where do you begin? There are a variety of real estate software solutions available, with various features, tools, and reports. Once we determine our budget, we have consented to the investment, so the confusion is not just about price. We just want it to work for the purpose we expect, and most of all, we want it to be easy.
Here is a checklist you might want to employ when you get ready to purchase real estate software. It has helped me.
1. Look at the web site. The web site is the first clue about the software. Is the site well organized, creative, informative, unobtrusive, and easy to navigate? Bear in mind, the same company claiming to you that their program is easy to use and professional and your best solution publishes the website.
2. Read what the software purports to do. Knowing whether the software is what you need is crucial, though not always easy to decipher. If you are uncertain about what the software does, call the company and ask for clarification. When a number is not available, you might want to opt out. You do not want to spend money on a software program you are unsure may help you, and worse yet, are not able to discuss it with the software company directly.
3. Preview the screen shots. Screen shots of the forms and reports should give you a good idea of what the program will look like when you open it. When screen shots are not included, get concerned. If the developer is not thorough enough to post a few gifs, chances are that the software will be more hype then substance.
4. Read the testimonials. Reading what real people who use the software have to say about the software is helpful. Most testimonials are legitimate so you should be able to trust them.
5. Examine the support policy. When you encounter a problem, or have a question, how are you served? Telephone contact is always preferred, especially with the developer. Email contact is okay, but I generally like talking to a real person.
6. Read about the company. The more experience related to your type of real estate business the better, and look for longevity. How long has the company been in business? This alone should not persuade your decision (all real estate software companies have to start somewhere). But given the choice, it might be better to look for some seasoning.
2 Ways To Look At Real Estate These Days
2 Ways To Look At Real Estate These Days
by Trisha Frauenhofer
The business of real estate these days is quite different that what it used to be. Of course there is still the buyer and the seller, but the way these two people look at real estate can be completely different.
No longer are the days of people buying a house because they simply want to move in and live there for the next ten years. Now, there is a big business fad called flipping, and many people are jumping on board.
Flipping is buying a house with a home equity loan from a previous home and fixing it up to sell at a higher price. Big money can be made in this business if you know what you are doing.
Now, the mortgage lenders and builders would rather sell their homes to people who want to buy the house to live in, not to flip. Sometimes, these builders will include a clause in the sales contract stating that they can't sell the house until a year has gone by. They can even buy the house back if they suspect that a flip is in the process.
You can see how risky this business can be. However, the property owner really can do whatever they want to with their house. If flipping is their business, it can be quite risky, but some people are up for this game.
The thing to remember though is that this is a real estate fad. When will this fad burst? No one knows, and neither does the flipper. Yes, they can make big amounts of money fast, but when things don't go as planned, the big money is not there, but big money has been spent.
So, if you have thought of going into the real estate business, it depends of what kind of risk you want to take. Do you want to play it safe on the seller's side? Or, are you the risky type and want to flip? You must be confident enough to take the risks and win.
by Trisha Frauenhofer
The business of real estate these days is quite different that what it used to be. Of course there is still the buyer and the seller, but the way these two people look at real estate can be completely different.
No longer are the days of people buying a house because they simply want to move in and live there for the next ten years. Now, there is a big business fad called flipping, and many people are jumping on board.
Flipping is buying a house with a home equity loan from a previous home and fixing it up to sell at a higher price. Big money can be made in this business if you know what you are doing.
Now, the mortgage lenders and builders would rather sell their homes to people who want to buy the house to live in, not to flip. Sometimes, these builders will include a clause in the sales contract stating that they can't sell the house until a year has gone by. They can even buy the house back if they suspect that a flip is in the process.
You can see how risky this business can be. However, the property owner really can do whatever they want to with their house. If flipping is their business, it can be quite risky, but some people are up for this game.
The thing to remember though is that this is a real estate fad. When will this fad burst? No one knows, and neither does the flipper. Yes, they can make big amounts of money fast, but when things don't go as planned, the big money is not there, but big money has been spent.
So, if you have thought of going into the real estate business, it depends of what kind of risk you want to take. Do you want to play it safe on the seller's side? Or, are you the risky type and want to flip? You must be confident enough to take the risks and win.
Common Mistakes By Real Estate Investors
Common Mistakes By Real Estate Investors
by Kim Lee
The question will always be which came first the chicken or the egg. In real estate it may be the deal or the plan. Many people make the mistake of finding a great property and then do not know what they are supposed to do. This is where the trouble begins. They have worked themselves backwards into a corner. The idea is to formulate a plan and then find the house which will work with this plan. We are a planning people. We plan for the future, the college education for the kids, and retirement. When it comes to real estate it only makes sense to plan for that too. Sometimes the novice investor gets ahead of themselves and forgets to draw up a plan. Deciding what you want to do in the real estate market will determine what houses you buy and how you sell them. It is best to always have a plan.
Planning to get rich quick is another common mistake. The big deals which will net you millions is usually only a dream. Investing in real estate is a slow and steady process. When you proceed at a steady pace, you will keep moving forward towards your goal. You can make money, but being a millionaire over night is stretching the limit. On the average a good investor can make $60 to $100 thousand a year with proper real estate investments. This strategy allows for a steady forward progress and takes into consideration that not everything will go as planned. You must keep real estate investing just what it is REAL.
Do not think you can go it alone. There are many people who play a key role in making a real estate deal work. The smart investor has a team of specialists who assist him or her. Even they may not know they are part of a team, it is a team all the same. You will need a good real estate agent you can trust to help you analyze the properties. You will want an appraiser and a contractor or inspector to make sure the house is worth the investment. You may even need a lender once in a while. The most important part of the team is the attorney who is going to make sure there are no hidden surprises which may crop up at any point in the deal. This is not a loner business.
This is not a business with a single strategy either. You must have a plan A, B, and C. On occasion it does not hurt to have a D in the mix. You may want to buy a home and resell it. The housing market changes quickly. If you can not get it ready for market in time to sell for a profit, you may consider renting. There are times when the rental market becomes void, or stalls. When this happens you could offer a land contract or lease option to get rid of the property. There may come a time when the only thing you can do is sell to another investor and cut your losses before you lose any more money. The wise investor also knows when to bail.
The common mistakes made by the inexperienced investor can be avoided with a little research and planning. When you decide to start investing in real estate, learn the business. There are many books available which can teach some of the strategies the pro's use. There are seminars, many of them free, which allows you to learn how to invest. Study up and make smart decisions when it comes to real estate investing. This way you can avoid common mistakes investors make.
by Kim Lee
The question will always be which came first the chicken or the egg. In real estate it may be the deal or the plan. Many people make the mistake of finding a great property and then do not know what they are supposed to do. This is where the trouble begins. They have worked themselves backwards into a corner. The idea is to formulate a plan and then find the house which will work with this plan. We are a planning people. We plan for the future, the college education for the kids, and retirement. When it comes to real estate it only makes sense to plan for that too. Sometimes the novice investor gets ahead of themselves and forgets to draw up a plan. Deciding what you want to do in the real estate market will determine what houses you buy and how you sell them. It is best to always have a plan.
Planning to get rich quick is another common mistake. The big deals which will net you millions is usually only a dream. Investing in real estate is a slow and steady process. When you proceed at a steady pace, you will keep moving forward towards your goal. You can make money, but being a millionaire over night is stretching the limit. On the average a good investor can make $60 to $100 thousand a year with proper real estate investments. This strategy allows for a steady forward progress and takes into consideration that not everything will go as planned. You must keep real estate investing just what it is REAL.
Do not think you can go it alone. There are many people who play a key role in making a real estate deal work. The smart investor has a team of specialists who assist him or her. Even they may not know they are part of a team, it is a team all the same. You will need a good real estate agent you can trust to help you analyze the properties. You will want an appraiser and a contractor or inspector to make sure the house is worth the investment. You may even need a lender once in a while. The most important part of the team is the attorney who is going to make sure there are no hidden surprises which may crop up at any point in the deal. This is not a loner business.
This is not a business with a single strategy either. You must have a plan A, B, and C. On occasion it does not hurt to have a D in the mix. You may want to buy a home and resell it. The housing market changes quickly. If you can not get it ready for market in time to sell for a profit, you may consider renting. There are times when the rental market becomes void, or stalls. When this happens you could offer a land contract or lease option to get rid of the property. There may come a time when the only thing you can do is sell to another investor and cut your losses before you lose any more money. The wise investor also knows when to bail.
The common mistakes made by the inexperienced investor can be avoided with a little research and planning. When you decide to start investing in real estate, learn the business. There are many books available which can teach some of the strategies the pro's use. There are seminars, many of them free, which allows you to learn how to invest. Study up and make smart decisions when it comes to real estate investing. This way you can avoid common mistakes investors make.
วันเสาร์ที่ 26 มกราคม พ.ศ. 2551
Real Estate in 2008
Real Estate in 2008
by The Malcolm & Manocha Group
The New Year is here and with it brings countless predictions by economists, industry analysts and more regarding the impending 2008 real estate market. While we don't profess to own a crystal ball, what we can say with definite certainty is that the current market won't last forever which is why we are here to tell you that 2008 may be your best opportunity to own a slice of the Golden State.
What You May Expect from Real Estate in 2008 Some industry analysts predict that the market will turn around in 2008 believing that the overall economy and job growth will continue to move ahead at a decent pace, core inflation will remain under control, the credit crunch in mortgage markets is showing signs of easing, the supply-demand equation will be better balanced as builders begin to whittle down their excess inventories and that interest rates will continue to be attractive.
We tend to agree with the California Association of Realtors prediction that we will see a moderate decline (between three and four percent) statewide in California home prices next year.
In areas where there is little new housing, where it is hard to build and where there is a wealthy population, we believe there may be little decline. The main reason is that there is limited opportunity for new development in these areas and therefore properties are likely to retain their values.
For Buyers The current housing market offers a unique window of opportunity for confident buyers. The exciting news is that for the first time in quite a while, the stars are in alignment for consumers: mortgage rates remain attractive and there is a large selection of homes to choose from. Furthermore, if history is any indicator, home prices in California remain strong. Thanks to these important factors, now truly may be the best time to buy.
For Sellers Homes are selling! They may not be selling at the red hot, multiple offer heydays of 2003 and 2004, but they definitely are selling. For those that aren't, unfortunately those sellers may not be receiving the counsel they need to get their home sold in today's market.
Now, possibly more so than ever you need, The Malcolm & Manocha Group, qualified Realtors who can assist you in selling your home. It is usually not enough to simply post your home on the MLS and post a For Sale sign in the yard. You need someone who understands the intricacies, inventory and challenges of your local market and someone who knows how to properly position your home so it stands out among the sea of listings currently available.
If you are considering buying or selling your home in 2008, we have the resources, knowledge and experience to properly represent you in today's market. Contact us today for the expert representation you deserve.
by The Malcolm & Manocha Group
The New Year is here and with it brings countless predictions by economists, industry analysts and more regarding the impending 2008 real estate market. While we don't profess to own a crystal ball, what we can say with definite certainty is that the current market won't last forever which is why we are here to tell you that 2008 may be your best opportunity to own a slice of the Golden State.
What You May Expect from Real Estate in 2008 Some industry analysts predict that the market will turn around in 2008 believing that the overall economy and job growth will continue to move ahead at a decent pace, core inflation will remain under control, the credit crunch in mortgage markets is showing signs of easing, the supply-demand equation will be better balanced as builders begin to whittle down their excess inventories and that interest rates will continue to be attractive.
We tend to agree with the California Association of Realtors prediction that we will see a moderate decline (between three and four percent) statewide in California home prices next year.
In areas where there is little new housing, where it is hard to build and where there is a wealthy population, we believe there may be little decline. The main reason is that there is limited opportunity for new development in these areas and therefore properties are likely to retain their values.
For Buyers The current housing market offers a unique window of opportunity for confident buyers. The exciting news is that for the first time in quite a while, the stars are in alignment for consumers: mortgage rates remain attractive and there is a large selection of homes to choose from. Furthermore, if history is any indicator, home prices in California remain strong. Thanks to these important factors, now truly may be the best time to buy.
For Sellers Homes are selling! They may not be selling at the red hot, multiple offer heydays of 2003 and 2004, but they definitely are selling. For those that aren't, unfortunately those sellers may not be receiving the counsel they need to get their home sold in today's market.
Now, possibly more so than ever you need, The Malcolm & Manocha Group, qualified Realtors who can assist you in selling your home. It is usually not enough to simply post your home on the MLS and post a For Sale sign in the yard. You need someone who understands the intricacies, inventory and challenges of your local market and someone who knows how to properly position your home so it stands out among the sea of listings currently available.
If you are considering buying or selling your home in 2008, we have the resources, knowledge and experience to properly represent you in today's market. Contact us today for the expert representation you deserve.
Residential Real Estate Loans
Residential Real Estate Loans
by William K. Matthews
Commercial lenders are following new standards on loans, which is producing a lot more due diligence on the borrowers than they were a year ago.
Residential loans are based upon the creditworthiness of the borrower.
The larger the loan the more due diligence is given by the loan officer. They need to know what is happening with paperwork and what is going on with the files.
During the real estate frenzy, if a credit score was in good standing, lenders did not question it. A buyer needs to be able to count on his broker to apply special attention to his files. He needs to be able to feel confident that the broker will be able to submit his paperwork to the appropriate lenders in order for him to get the best loan for his situation.
The best way for the broker to meet the needs of the buyer is to understand what is important to that particular buyer.
A knowledgeable mortgage broker will have the ability to represent the buyer's best interest. They give feedback to the client as far as what they are doing and who they have submitted the loan to. If there is more than one type of loan they explain the pros and cons to each type of loan so that the borrower can make an educated decision.
When the real estate market took a down turn, the industry had to change and go back to the basics of lending.
A well informed loan officer is on the phone to lenders and finding out what the underwriting criteria is for that lender.
For example: How does the lender treat stated self-employed borrowers? What do they do with a borrower who has five separate entities? The officer needs to understand what these lenders are looking for.
Now, loan officers are reevaluating their pipe line. They are looking closely at the type of borrowers they are working with. It may require them to advise the borrower to fix something on their credit report or change something that could delay the loan or refinance for a year.
A loan officer needs to be proactive in their clients file. If it is a refinance and a restructure of assets is in order, it could push the loan out a year.
The best thing a borrower can do, when it comes to buying a home, is to find out what they can reasonably afford and to educate themselves as to what is going on in the housing market.
A mortgage broker or a referral from someone is the best way to find a competent loan officer. The loan officer should be someone who knows the market. They can save you money, but can also help you buy the right property at the right price.
The advantage of using a mortgage broker is that they do a lot of business. They have access to lending sources, their opinion is not biased and they know the best way to do the process. You are paying them for their expertise.
Mortgage broker's can give the borrower options, alternatives, cost evaluations, and what the best avenue is to take. It is well worth taking twenty minutes and speaking with a broker to find out what the options are.
Based on excerpts from the commercial real estate investment talk show Capital Synergies. This episode's contributing guest speaker was Mr. Britt Miller, Vice President of Steelhead Capital.
by William K. Matthews
Commercial lenders are following new standards on loans, which is producing a lot more due diligence on the borrowers than they were a year ago.
Residential loans are based upon the creditworthiness of the borrower.
The larger the loan the more due diligence is given by the loan officer. They need to know what is happening with paperwork and what is going on with the files.
During the real estate frenzy, if a credit score was in good standing, lenders did not question it. A buyer needs to be able to count on his broker to apply special attention to his files. He needs to be able to feel confident that the broker will be able to submit his paperwork to the appropriate lenders in order for him to get the best loan for his situation.
The best way for the broker to meet the needs of the buyer is to understand what is important to that particular buyer.
A knowledgeable mortgage broker will have the ability to represent the buyer's best interest. They give feedback to the client as far as what they are doing and who they have submitted the loan to. If there is more than one type of loan they explain the pros and cons to each type of loan so that the borrower can make an educated decision.
When the real estate market took a down turn, the industry had to change and go back to the basics of lending.
A well informed loan officer is on the phone to lenders and finding out what the underwriting criteria is for that lender.
For example: How does the lender treat stated self-employed borrowers? What do they do with a borrower who has five separate entities? The officer needs to understand what these lenders are looking for.
Now, loan officers are reevaluating their pipe line. They are looking closely at the type of borrowers they are working with. It may require them to advise the borrower to fix something on their credit report or change something that could delay the loan or refinance for a year.
A loan officer needs to be proactive in their clients file. If it is a refinance and a restructure of assets is in order, it could push the loan out a year.
The best thing a borrower can do, when it comes to buying a home, is to find out what they can reasonably afford and to educate themselves as to what is going on in the housing market.
A mortgage broker or a referral from someone is the best way to find a competent loan officer. The loan officer should be someone who knows the market. They can save you money, but can also help you buy the right property at the right price.
The advantage of using a mortgage broker is that they do a lot of business. They have access to lending sources, their opinion is not biased and they know the best way to do the process. You are paying them for their expertise.
Mortgage broker's can give the borrower options, alternatives, cost evaluations, and what the best avenue is to take. It is well worth taking twenty minutes and speaking with a broker to find out what the options are.
Based on excerpts from the commercial real estate investment talk show Capital Synergies. This episode's contributing guest speaker was Mr. Britt Miller, Vice President of Steelhead Capital.
วันศุกร์ที่ 25 มกราคม พ.ศ. 2551
Commercial Real Estate: Knowledge For Saving Wealth
Commercial Real Estate: Knowledge For Saving Wealth
by Tome Beaty
You can magnify your profits by investing in commercial real estate. On the other hand, if you're not deliberate, you can go bankrupt. Investors can make costly mistakes. There are a few tips and hints that will help you avoid these mistakes. If you know what you are doing, commercial deals are effortless to put together.
You must know Your market. You can see the rate of progress in the area by doing a market analysis. This will also let you know if it is on the decline. Distressed areas will not advance the commercial investor. You might be capable of beating the real estate catastrophe, but success is less likely with a commercial real estate investment. You can uncover whether or not the local job market is being damaged by doing some market research. The job market generally slows down when the market is in catastrophe. This is a notion for you to look else where for your commercial real estate investment. If the market appears to be on the rise, vacant store fronts might be a good object of attraction. Several people choose starting a business in a growing market. Warehouses may not be in demand, however, a store front could sell promptly.
Remember to inspect the complete commercial real estate property. You cannot do this alone. The mandatory amount of money to hire a professional is insignificant compared the the amount that you can save by doing so. Don't forget to have the property on which the building is placed inspected as well. In order to start his own business, one man paid for a small repair shop. Although the property was fairly priced, the previous owner was given a citation from the state to have the subterranean fuel tanks removed. The new owner was in operation for six months, completely uninformed of this. Before the owner could reopen the business, the state demanded one hundred thousand dollars of repairs. He could have avoided this financial disaster had he spent a little money and hired a professional to do the inspection.
Be sure that the money you borrow is less than the amount that you can make back. Many investors borrow money as a means of buying their commercial real estate property. As long as the interest rate is good this can be beneficial. An experienced investor determines beforehand that the profits from the property will cover the loan. It is easy to forget the value of real estate when you become overwhelmed by an exciting deal.
It is commonly known that you should stick to what you know. If you are informed with restaurants, buy a restaurant. Purchase a service station if that is what you are informed with. A commercial property should never be paid for if you know nothing about it. One instance where you can buy one of these commercial real estate properties that you are unfamiliar with is when you are lucky enough to have a business partner who is informed with the business. Turn your back and walk away if you are not so lucky. Other properties can make you plenty of money if you just scour the market.
If you want to make a lot of money in commercial real estate investments, you simply have to figure out the market and follow some common guidelines. Don't stray from your marketing method. You can avoid troubles if you stay within your budget.
by Tome Beaty
You can magnify your profits by investing in commercial real estate. On the other hand, if you're not deliberate, you can go bankrupt. Investors can make costly mistakes. There are a few tips and hints that will help you avoid these mistakes. If you know what you are doing, commercial deals are effortless to put together.
You must know Your market. You can see the rate of progress in the area by doing a market analysis. This will also let you know if it is on the decline. Distressed areas will not advance the commercial investor. You might be capable of beating the real estate catastrophe, but success is less likely with a commercial real estate investment. You can uncover whether or not the local job market is being damaged by doing some market research. The job market generally slows down when the market is in catastrophe. This is a notion for you to look else where for your commercial real estate investment. If the market appears to be on the rise, vacant store fronts might be a good object of attraction. Several people choose starting a business in a growing market. Warehouses may not be in demand, however, a store front could sell promptly.
Remember to inspect the complete commercial real estate property. You cannot do this alone. The mandatory amount of money to hire a professional is insignificant compared the the amount that you can save by doing so. Don't forget to have the property on which the building is placed inspected as well. In order to start his own business, one man paid for a small repair shop. Although the property was fairly priced, the previous owner was given a citation from the state to have the subterranean fuel tanks removed. The new owner was in operation for six months, completely uninformed of this. Before the owner could reopen the business, the state demanded one hundred thousand dollars of repairs. He could have avoided this financial disaster had he spent a little money and hired a professional to do the inspection.
Be sure that the money you borrow is less than the amount that you can make back. Many investors borrow money as a means of buying their commercial real estate property. As long as the interest rate is good this can be beneficial. An experienced investor determines beforehand that the profits from the property will cover the loan. It is easy to forget the value of real estate when you become overwhelmed by an exciting deal.
It is commonly known that you should stick to what you know. If you are informed with restaurants, buy a restaurant. Purchase a service station if that is what you are informed with. A commercial property should never be paid for if you know nothing about it. One instance where you can buy one of these commercial real estate properties that you are unfamiliar with is when you are lucky enough to have a business partner who is informed with the business. Turn your back and walk away if you are not so lucky. Other properties can make you plenty of money if you just scour the market.
If you want to make a lot of money in commercial real estate investments, you simply have to figure out the market and follow some common guidelines. Don't stray from your marketing method. You can avoid troubles if you stay within your budget.
Real Estate Sales: Encoutnering Authentic Techniques For Making Money
Real Estate Sales: Encoutnering Authentic Techniques For Making Money
by Tom Beaty
The media is jam packed with advertisements for techniques for making money through real estate sales. They advertise programs that allow you to invest with no money down. You come across books about avoiding pitfalls, which properties to purchase, and investing properly. However, you will hardly ever hear anything about the actual strategy these programs use to make you successful.
Most people experience a great deal of frustration when trying to produce a real estate deal with one of these programs. The concept of having one formula that works for every deal causes this frustration. It is important to understand that each deal you make will have different factors which in turn will require a different program. Unfortunately, there isn't one perfect process that can handle every case. Trying to make one of these programs work may cause you to spend more money than you make. You must consider the source in order to find the most desirable program for a given deal.
A number of people have become prosperous through real estate sales. Find out what an expert has accomplished before buying his real estate program. This isn't nearly as burdensome as it seems. You can do this but asking questions.
For the most part, those who can't do, teach. There are plenty of self proclaimed real estate specialists who have never closed a real estate deal. They may have learned a process for selling real estate, but that doesn't mean they've actually used it. It is easy to obtain instruction about buying real estate. However, you must get your instruction from someone with integrity.
Check the sources of these self proclaimed real estate specialists before investing money in them. If an investor shares his instruction with you in order to help you make deals, he is probably more trustworthy. Certain investors will imply they will help, then tell you to do all the work and show up at the closing. An honest investor will want to see the project from start to finish. An honest master will only ask you to do a portion of work and will constantly request feedback. It is not in his best interest to turn you loose with a list of instructions.
In most cases, the self proclaimed specialists did not make their millions in real estate sales. They made it from urging people to buy their ineffective programs. One obvious sign of a devious master is one who only talks about making a large profit but never actually explains the techniques for doing so. You must find the specialists who explain their program, including how they bought their first houses. When they tell you that they were broke and nearly homeless before they became millionaires they are simply using a tactic to gain your attention, while avoiding giving you any valuable instruction.
There are true investors out there who have a vast array of programs. You just have to do a little research to find one of these courses. Find a group of local investors, perhaps even on the Internet. Find out who they recommend for a rewarding investment program. Listen attentively to their advertisements. The amount of money the person made is not as important as how they made it. If they indistinctly mention their program or do not mention it at all, the program will most likely fail.
There are true investors out there who are willing to share the instruction they have acquired. As long as you do your research you can avoid spending money on an imperfect product. You must ask the right questions to know for sure before you choose a program for real estate sales.
by Tom Beaty
The media is jam packed with advertisements for techniques for making money through real estate sales. They advertise programs that allow you to invest with no money down. You come across books about avoiding pitfalls, which properties to purchase, and investing properly. However, you will hardly ever hear anything about the actual strategy these programs use to make you successful.
Most people experience a great deal of frustration when trying to produce a real estate deal with one of these programs. The concept of having one formula that works for every deal causes this frustration. It is important to understand that each deal you make will have different factors which in turn will require a different program. Unfortunately, there isn't one perfect process that can handle every case. Trying to make one of these programs work may cause you to spend more money than you make. You must consider the source in order to find the most desirable program for a given deal.
A number of people have become prosperous through real estate sales. Find out what an expert has accomplished before buying his real estate program. This isn't nearly as burdensome as it seems. You can do this but asking questions.
For the most part, those who can't do, teach. There are plenty of self proclaimed real estate specialists who have never closed a real estate deal. They may have learned a process for selling real estate, but that doesn't mean they've actually used it. It is easy to obtain instruction about buying real estate. However, you must get your instruction from someone with integrity.
Check the sources of these self proclaimed real estate specialists before investing money in them. If an investor shares his instruction with you in order to help you make deals, he is probably more trustworthy. Certain investors will imply they will help, then tell you to do all the work and show up at the closing. An honest investor will want to see the project from start to finish. An honest master will only ask you to do a portion of work and will constantly request feedback. It is not in his best interest to turn you loose with a list of instructions.
In most cases, the self proclaimed specialists did not make their millions in real estate sales. They made it from urging people to buy their ineffective programs. One obvious sign of a devious master is one who only talks about making a large profit but never actually explains the techniques for doing so. You must find the specialists who explain their program, including how they bought their first houses. When they tell you that they were broke and nearly homeless before they became millionaires they are simply using a tactic to gain your attention, while avoiding giving you any valuable instruction.
There are true investors out there who have a vast array of programs. You just have to do a little research to find one of these courses. Find a group of local investors, perhaps even on the Internet. Find out who they recommend for a rewarding investment program. Listen attentively to their advertisements. The amount of money the person made is not as important as how they made it. If they indistinctly mention their program or do not mention it at all, the program will most likely fail.
There are true investors out there who are willing to share the instruction they have acquired. As long as you do your research you can avoid spending money on an imperfect product. You must ask the right questions to know for sure before you choose a program for real estate sales.
Investing in Real Estate - the Scoop
Investing in Real Estate - the Scoop!
by Robert Nachman
Well, the scoop on real estate investment came about accidentally; no-one kindly put together a market projection simply for investors. Luckily though, a private mortgage insurance company has had to research and project the future risks in the realty market for their own insurance purposes.
This week PMI published their national 'risk list', which ranks cities of America by the relative riskiness of owning a property in those main realty markets. The company needs this kind of information - albeit guesswork and projected analysis - before they decide whether or not to underwrite a home loan.
However, for real estate investors, and those wondering if they should buy and where, it is another little tidbit to throw into the formula of where might be a good place to buy realty.
The table starts with a one per cent reckoning that an area will not de-value in the next two years and moves all the way up to as high as a ninety-four per cent chance that it will!
If you are an active investor, one who likes to keep a close eye on the financial situations and 'pounce' when the chips are at their lowest, you will probably want to earmark the cities who are on the falling list. This way, when prices are rock bottom, you can clean up. Sounds heartless - but it is also good business.
In these falling areas, sellers may be already motivated as some of them took a beating in the 2007 drop, but the forecast projects that within the next two years, they will be even more 'motivated'.
Of course, often the places near the bottom were the ones that had inflationary prices in the mini-boom, and they now have to drop down again. The top ten riskiest markets were all high flyers during the crazy boom - some cities in California, Arizona, Nevada and Florida.
The riskiest place in the nation right now, according to PMI is in California. Riverside-Bernadino is given a 94% chance of suffering declining prices. Las Vegas is a surprising close second on the table, with an 89% chance of declining prices. Los Angeles has a 79% ranking and Fort Lauderdale is at 78%.
Moving over slightly Arizona is next up, with Phoenix and Mesa coming in at 83%; as both these areas are prime retirement spots, there could be a bargain to pick up there soon.
These are the nation's top possibilities for decline in house prices in the opinion of PMI. It is probably not too surprising to anyone that the Lone Star state is carrying a lot of the success stories on the real estate chart.
If you are a more conservative investor, and you look for steady markets with solid employment and cash-flow backgrounds, you may be interested in PMI's 'safe' investment areas.
Five of the Texan towns are in the top ten. Reasons for so many may be partly because Texas's economy is growing and it has maintained moderate residential prices, but also it never did get caught up in the crazy boom of the last few years.
Among good steady investment towns are Dallas, Fort Worth, Austin, Houston and San Antonio. However, Texas does not hold the only top honors; the east coast also gets a good rating.
Other cities with a less than one percent chance of realty price decline are listed as: Pittsburgh, Pennsylvania, Charlotte, North Carolina and Kansas City, Missouri.
Well, that's the scoop, it's up to you what you do with it!
by Robert Nachman
Well, the scoop on real estate investment came about accidentally; no-one kindly put together a market projection simply for investors. Luckily though, a private mortgage insurance company has had to research and project the future risks in the realty market for their own insurance purposes.
This week PMI published their national 'risk list', which ranks cities of America by the relative riskiness of owning a property in those main realty markets. The company needs this kind of information - albeit guesswork and projected analysis - before they decide whether or not to underwrite a home loan.
However, for real estate investors, and those wondering if they should buy and where, it is another little tidbit to throw into the formula of where might be a good place to buy realty.
The table starts with a one per cent reckoning that an area will not de-value in the next two years and moves all the way up to as high as a ninety-four per cent chance that it will!
If you are an active investor, one who likes to keep a close eye on the financial situations and 'pounce' when the chips are at their lowest, you will probably want to earmark the cities who are on the falling list. This way, when prices are rock bottom, you can clean up. Sounds heartless - but it is also good business.
In these falling areas, sellers may be already motivated as some of them took a beating in the 2007 drop, but the forecast projects that within the next two years, they will be even more 'motivated'.
Of course, often the places near the bottom were the ones that had inflationary prices in the mini-boom, and they now have to drop down again. The top ten riskiest markets were all high flyers during the crazy boom - some cities in California, Arizona, Nevada and Florida.
The riskiest place in the nation right now, according to PMI is in California. Riverside-Bernadino is given a 94% chance of suffering declining prices. Las Vegas is a surprising close second on the table, with an 89% chance of declining prices. Los Angeles has a 79% ranking and Fort Lauderdale is at 78%.
Moving over slightly Arizona is next up, with Phoenix and Mesa coming in at 83%; as both these areas are prime retirement spots, there could be a bargain to pick up there soon.
These are the nation's top possibilities for decline in house prices in the opinion of PMI. It is probably not too surprising to anyone that the Lone Star state is carrying a lot of the success stories on the real estate chart.
If you are a more conservative investor, and you look for steady markets with solid employment and cash-flow backgrounds, you may be interested in PMI's 'safe' investment areas.
Five of the Texan towns are in the top ten. Reasons for so many may be partly because Texas's economy is growing and it has maintained moderate residential prices, but also it never did get caught up in the crazy boom of the last few years.
Among good steady investment towns are Dallas, Fort Worth, Austin, Houston and San Antonio. However, Texas does not hold the only top honors; the east coast also gets a good rating.
Other cities with a less than one percent chance of realty price decline are listed as: Pittsburgh, Pennsylvania, Charlotte, North Carolina and Kansas City, Missouri.
Well, that's the scoop, it's up to you what you do with it!
วันพฤหัสบดีที่ 24 มกราคม พ.ศ. 2551
Insuring Your Ownership of Real Estate
Insuring Your Ownership of Real Estate
by Aazdak Alisimo
When you buy property, what you see is not always what you are getting. To combat this problem, every person purchasing any real property should get title insurance.
Essentially, title insurance is a type of policy that homeowners can buy in order to protect their purchase. What is it used for? Well, sometimes a home can change hand many time throughout its existence, and sometimes people are less than honest when they sell a home. In short, title policies exist for the sake of a homeowner that has been caught in a bad situation.
Sometimes, homes can come with a slew of issues and situations that have not yet been discovered by unsuspecting homeowners. If there is a problem with unpaid taxes or other forms of liens, a homeowner may be responsible for any leftover. Title insurance not only covers anything that a homeowner may not be expecting, it also covers any sort of legal fees associated with the problem at hand.
Title insurance is mandatory if you will be requesting a mortgage. All mortgage lenders insist that homeowners are covered by a policy so that the lender doesnjt get stuck holding a loan that is secured by nothing whatsoever. Although it will certainly protect your lender, the policy will not cover any sort of equity that you put into the property.
Ultimately, title insurance is vital because it acts as a protection against problems from the past. Let's say that a person dies and leaves the property to one of their heirs. The heir decides to sell it and you buy it. The title company issues insurance on the property. Another heir comes out of nowhere and sues on the basis that he or she really owes the property. While this is going to be bad news, your insurance policy will kick in and protect you should the heir win. It will also pay for your attorney in most cases.
Given this example, you can probably see pretty quickly how important title can be. Buying property is almost always a big money event. If you are committing to big dollars, you need some protection. This type of insurance is the way to do just that.
by Aazdak Alisimo
When you buy property, what you see is not always what you are getting. To combat this problem, every person purchasing any real property should get title insurance.
Essentially, title insurance is a type of policy that homeowners can buy in order to protect their purchase. What is it used for? Well, sometimes a home can change hand many time throughout its existence, and sometimes people are less than honest when they sell a home. In short, title policies exist for the sake of a homeowner that has been caught in a bad situation.
Sometimes, homes can come with a slew of issues and situations that have not yet been discovered by unsuspecting homeowners. If there is a problem with unpaid taxes or other forms of liens, a homeowner may be responsible for any leftover. Title insurance not only covers anything that a homeowner may not be expecting, it also covers any sort of legal fees associated with the problem at hand.
Title insurance is mandatory if you will be requesting a mortgage. All mortgage lenders insist that homeowners are covered by a policy so that the lender doesnjt get stuck holding a loan that is secured by nothing whatsoever. Although it will certainly protect your lender, the policy will not cover any sort of equity that you put into the property.
Ultimately, title insurance is vital because it acts as a protection against problems from the past. Let's say that a person dies and leaves the property to one of their heirs. The heir decides to sell it and you buy it. The title company issues insurance on the property. Another heir comes out of nowhere and sues on the basis that he or she really owes the property. While this is going to be bad news, your insurance policy will kick in and protect you should the heir win. It will also pay for your attorney in most cases.
Given this example, you can probably see pretty quickly how important title can be. Buying property is almost always a big money event. If you are committing to big dollars, you need some protection. This type of insurance is the way to do just that.
Toronto Real Estate: The Most Appreciated Real Estate Acquisitions Today
Toronto Real Estate: The Most Appreciated Real Estate Acquisitions Today
by Peter Scarlett
Getting prepared to buy a home? Then you must be looking for the most apt place that can bring you the utmost comfort and offer you all the facilities. If you are in a plan of starting a new life and looking for an affordable home in a city that has the best career opportunities and great locations to hang out on your weekend, condos in Toronto are surely the best choice then.
The present scenario surprisingly reveals a rapid shift of a huge number of people who are leaving the customary home-structure and choosing to live in condos. Toronto condos bring you the option of enjoying several surplus amenities such as gym, swimming pool, tennis court and enough security service, which might not be available in a traditional home. Furthermore, one might love to live in the posh area of the city close to your workplace and from where transportation is easier, for example near the Toronto subway. So, it's of no doubt that Toronto condos are one of the most appreciated real estate acquisitions today.
Since owning a house is quite a big financial transaction and involves several legal formalities, make sure you seek advices from the best Toronto Real Estate professionals to get you the finest deal. While you are out to choose a Toronto real estate agent, you must select a person who is all clear of your needs and preferences and gives the most precious suggestions. You must be sure to clearly communicate your requirements and the "must haves", and your budget as well. A good Toronto real estate agent can bring to you the finest properties available and even settle a condo deal in the lowest possible prices.
Again, in case you prefer to live in a less posh area with open space all around and a bit away from the noise of the city, you must let your Toronto real estate agent know about it.
When you look for your desired home, you can run your eyes through the Toronto condos listing, which offer detailed sketch of the several options available. The Toronto condos listings are quite comprehensive, explaining the measurements of the rooms, the price, other additional information such as condos taxes and fees, parking and various other amenities.
A Toronto condos listing will provide the vivid description of the location of the building and the best Toronto real estate agent can bring you the numerous Toronto condos listing available that meets your need. Now, while you decide on the perfect agent for yourself you can seek advices from the ones (may be your friends and relatives) who are already owning a condo. But then, it would be best to seek the help of a realtor than an agent, since realtors are much trustworthy and responsible and they need to follow certain ethics.
Next, since the buying of a Toronto condo is a huge financial process, calculate your expenses and make sure to verify the amount your financial institution can loan you. A good realtor can bring you a budget spreadsheet with clear description of all the involved expenses. This can give you a clear idea of the actual individual investment you are required to make.
Taking in account all the significant points, evaluate all the possible things you seek to find in your new home. Don't make haste, progress in a steady pace and get the best Toronto condo deal in your hands! For further assistance you can visit the website 1StopRealEstate.ca, where you can find the best financial advices related to real estate deals along with effective support in Real Estate transactions.
by Peter Scarlett
Getting prepared to buy a home? Then you must be looking for the most apt place that can bring you the utmost comfort and offer you all the facilities. If you are in a plan of starting a new life and looking for an affordable home in a city that has the best career opportunities and great locations to hang out on your weekend, condos in Toronto are surely the best choice then.
The present scenario surprisingly reveals a rapid shift of a huge number of people who are leaving the customary home-structure and choosing to live in condos. Toronto condos bring you the option of enjoying several surplus amenities such as gym, swimming pool, tennis court and enough security service, which might not be available in a traditional home. Furthermore, one might love to live in the posh area of the city close to your workplace and from where transportation is easier, for example near the Toronto subway. So, it's of no doubt that Toronto condos are one of the most appreciated real estate acquisitions today.
Since owning a house is quite a big financial transaction and involves several legal formalities, make sure you seek advices from the best Toronto Real Estate professionals to get you the finest deal. While you are out to choose a Toronto real estate agent, you must select a person who is all clear of your needs and preferences and gives the most precious suggestions. You must be sure to clearly communicate your requirements and the "must haves", and your budget as well. A good Toronto real estate agent can bring to you the finest properties available and even settle a condo deal in the lowest possible prices.
Again, in case you prefer to live in a less posh area with open space all around and a bit away from the noise of the city, you must let your Toronto real estate agent know about it.
When you look for your desired home, you can run your eyes through the Toronto condos listing, which offer detailed sketch of the several options available. The Toronto condos listings are quite comprehensive, explaining the measurements of the rooms, the price, other additional information such as condos taxes and fees, parking and various other amenities.
A Toronto condos listing will provide the vivid description of the location of the building and the best Toronto real estate agent can bring you the numerous Toronto condos listing available that meets your need. Now, while you decide on the perfect agent for yourself you can seek advices from the ones (may be your friends and relatives) who are already owning a condo. But then, it would be best to seek the help of a realtor than an agent, since realtors are much trustworthy and responsible and they need to follow certain ethics.
Next, since the buying of a Toronto condo is a huge financial process, calculate your expenses and make sure to verify the amount your financial institution can loan you. A good realtor can bring you a budget spreadsheet with clear description of all the involved expenses. This can give you a clear idea of the actual individual investment you are required to make.
Taking in account all the significant points, evaluate all the possible things you seek to find in your new home. Don't make haste, progress in a steady pace and get the best Toronto condo deal in your hands! For further assistance you can visit the website 1StopRealEstate.ca, where you can find the best financial advices related to real estate deals along with effective support in Real Estate transactions.
Commercial Real Estate Investment Strategy For 2008
Commercial Real Estate Investment Strategy For 2008
by Allen Cymrot
The dictionary definition for strategy is as follows: A plan of action or policy designed to achieve a major or overall aim. When applied to purchasing commercial real estate, it means setting the rules for achieving the desired return on investment with the least risk.
Before we set any rules, we need to know the current issues that will affect the value of commercial real estate. A perfunctory list would include the war in Iraq, terrorism, illegal immigration, the trade imbalance, energy dependence with unfriendly dictatorships, nuclear proliferation, the weak dollar, a softer economy, healthcare problems, environmental issues, a decline in educational performance, a subprime credit crunch, decreasing job creation, a questionable future for social security, increasing energy costs, and tax reform. Not exactly a favorable climate for investing in commercial real estate.
When NetGain analyzes the business cycles for the last one hundred years, history has shown that when compared to everything looking rosy, now is a better time to invest. Today's successful investors will be the ones who ignore naivety and greed. That said, current times dictate that you don't buy real estate using the greater fool theory (there will be a greater fool than you who will buy the real estate from you). The present economic climate dictates that you adhere to sound economic guidelines. Following is a composite list of those guidelines that NetGain believes are a necessary requirement for successfully investing in commercial real estate for 2008.
- Buy commercial real estate that has a positive spread. Positive spread means the capitalization rate is greater than the annual percentage rate (APR) cost for debt service. Negative spread is a guaranteed mathematical loss.
- Do not use projected income when computing the capitalization rate. Use current collected income.
- Do not use guaranteed income when computing the capitalization rate. Use market rate rents.
- Do not extrapolate physical occupancy into income when computing the capitalization rate. Use economic (collected) occupancy.
- Use current annual operating expenses when computing the capitalization rate. Do not use some short-term amount that is amortized into an annual amount.
- Include adequate operating expenses for a preventative maintenance program.
- Factor in all the costs for renewing short-term leases when computing the capitalization rate.
- Do not buy commercial real estate with a negative cash flow. Buying commercial real estate with a negative cash flow is the same as buying a failing business.
- Do not use the gross rent multiplier (GRM) as a leading indicator. Use it as a validating indicator.
- Do not use replacement costs as a leading indicator. Use it as a validating indicator.
- Set aside adequate reserves. Each property is unique as to age, amenities, lessees, etc. The current cycle (soft market or recession) will pass and you do not want to run out of money before it ends.
- Do not finance the property with a short-term maturity.
- Avoid a variable rate mortgage.
- Use NetGain's Economic Valuation System (EVS). As the leading proactive due diligence system on the Internet, it is a must when buying commercial real estate in today's market climate.
by Allen Cymrot
The dictionary definition for strategy is as follows: A plan of action or policy designed to achieve a major or overall aim. When applied to purchasing commercial real estate, it means setting the rules for achieving the desired return on investment with the least risk.
Before we set any rules, we need to know the current issues that will affect the value of commercial real estate. A perfunctory list would include the war in Iraq, terrorism, illegal immigration, the trade imbalance, energy dependence with unfriendly dictatorships, nuclear proliferation, the weak dollar, a softer economy, healthcare problems, environmental issues, a decline in educational performance, a subprime credit crunch, decreasing job creation, a questionable future for social security, increasing energy costs, and tax reform. Not exactly a favorable climate for investing in commercial real estate.
When NetGain analyzes the business cycles for the last one hundred years, history has shown that when compared to everything looking rosy, now is a better time to invest. Today's successful investors will be the ones who ignore naivety and greed. That said, current times dictate that you don't buy real estate using the greater fool theory (there will be a greater fool than you who will buy the real estate from you). The present economic climate dictates that you adhere to sound economic guidelines. Following is a composite list of those guidelines that NetGain believes are a necessary requirement for successfully investing in commercial real estate for 2008.
- Buy commercial real estate that has a positive spread. Positive spread means the capitalization rate is greater than the annual percentage rate (APR) cost for debt service. Negative spread is a guaranteed mathematical loss.
- Do not use projected income when computing the capitalization rate. Use current collected income.
- Do not use guaranteed income when computing the capitalization rate. Use market rate rents.
- Do not extrapolate physical occupancy into income when computing the capitalization rate. Use economic (collected) occupancy.
- Use current annual operating expenses when computing the capitalization rate. Do not use some short-term amount that is amortized into an annual amount.
- Include adequate operating expenses for a preventative maintenance program.
- Factor in all the costs for renewing short-term leases when computing the capitalization rate.
- Do not buy commercial real estate with a negative cash flow. Buying commercial real estate with a negative cash flow is the same as buying a failing business.
- Do not use the gross rent multiplier (GRM) as a leading indicator. Use it as a validating indicator.
- Do not use replacement costs as a leading indicator. Use it as a validating indicator.
- Set aside adequate reserves. Each property is unique as to age, amenities, lessees, etc. The current cycle (soft market or recession) will pass and you do not want to run out of money before it ends.
- Do not finance the property with a short-term maturity.
- Avoid a variable rate mortgage.
- Use NetGain's Economic Valuation System (EVS). As the leading proactive due diligence system on the Internet, it is a must when buying commercial real estate in today's market climate.
วันพุธที่ 23 มกราคม พ.ศ. 2551
Real estate loan - Understanding the Concept
Real estate loan - Understanding the Concept
Real estate loan is what a lot of people use to buy their home. Real estate loans have been instrumental in bringing joy to people by making that unaffordable house affordable. Some real estate investors too make use of real estate loans for buying properties. However, real estate loan is not free money and anyone who buys real estate or plans to buy real estate using real estate loan must understand the concept of real estate loan very clearly.
Real estate loan (also known as mortgage) is the money that you borrow from someone (a financial institution i.e. a mortgage lender) for the purpose of buying a property. The real estate loan generally covers a part of your purchase price and the remaining portion has to be paid by you upfront i.e. as down payment. The amount (i.e. the percentage of total purchase price) that you have to pay as down payment is dependent on a number of factors and you can generally reduce it to even 5% by going for mortgage insurance. FHA and VA loans (i.e. mortgage insurances through FHA and VA) reduce the down payment requirement on real estate loan even further. Whatever you borrow from the mortgage lender as real estate loan needs to be paid back to the mortgage lender over a period of time (and, of course, you will also need to pay appropriate interest on that real estate loan). The tenure of your real estate loan and the prevailing market rate will determine the amount of interest you pay for your real estate loan. Generally, you are required to pay back the real estate loan in the form of monthly instalments which are composed of both interest and principal portions of your real estate loan. Also, there are various types of real estate loans e.g. fixed interest rate loans and adjustable interest rate loans. So depending on what type of real estate loan you have gone for, your monthly payments might either remain constant (fixed rate) for the full tenure of the loan or keep getting adjusted periodically (adjustable rate) on the basis of a financial index. Besides that, some other costs are also associated with real estate loans e.g. there are closing costs, inspection costs, attorney fee etc. Also, in case the property needs some repairs, there will be costs associated with that too. Again, there is stamp duty and other taxes that you need to pay.
Real estate loan is what a lot of people use to buy their home. Real estate loans have been instrumental in bringing joy to people by making that unaffordable house affordable. Some real estate investors too make use of real estate loans for buying properties. However, real estate loan is not free money and anyone who buys real estate or plans to buy real estate using real estate loan must understand the concept of real estate loan very clearly.
Real estate loan (also known as mortgage) is the money that you borrow from someone (a financial institution i.e. a mortgage lender) for the purpose of buying a property. The real estate loan generally covers a part of your purchase price and the remaining portion has to be paid by you upfront i.e. as down payment. The amount (i.e. the percentage of total purchase price) that you have to pay as down payment is dependent on a number of factors and you can generally reduce it to even 5% by going for mortgage insurance. FHA and VA loans (i.e. mortgage insurances through FHA and VA) reduce the down payment requirement on real estate loan even further. Whatever you borrow from the mortgage lender as real estate loan needs to be paid back to the mortgage lender over a period of time (and, of course, you will also need to pay appropriate interest on that real estate loan). The tenure of your real estate loan and the prevailing market rate will determine the amount of interest you pay for your real estate loan. Generally, you are required to pay back the real estate loan in the form of monthly instalments which are composed of both interest and principal portions of your real estate loan. Also, there are various types of real estate loans e.g. fixed interest rate loans and adjustable interest rate loans. So depending on what type of real estate loan you have gone for, your monthly payments might either remain constant (fixed rate) for the full tenure of the loan or keep getting adjusted periodically (adjustable rate) on the basis of a financial index. Besides that, some other costs are also associated with real estate loans e.g. there are closing costs, inspection costs, attorney fee etc. Also, in case the property needs some repairs, there will be costs associated with that too. Again, there is stamp duty and other taxes that you need to pay.
Commercial real estate
Commercial real estate
Real estate is often termed as the safest investment avenue. In fact, real estate investments done with proper evaluation of the property (and its true value), can lead to good profits. This is one reason why some people pursue real estate investment as their full time job. The talks of real estate are generally focussed towards residential real estate; commercial real estate seems to take a back seat. However, commercial real estate too is a good option for investing in real estate.
Commercial real estate includes a lot of different kinds of properties. Most people relate commercial real estate with only office complexes or factories/ industrial units. However, that is not all of commercial real estate. There is more to commercial real estate. Health care centers, retail structures and warehouse are all good examples of commercial real estate. Even residential properties like apartments (or any property that consists of more than four residential units) are considered commercial real estate. In fact, such commercial real estate is much in demand.
So, is commercial real estate really profitable? Well, if it were not profitable I would not have been writing about commercial real estate at all. So, commercial real estate is profitable for sure. The only thing with commercial real estate is that recognising the opportunity is a bit difficult as compared to residential real estate. But commercial real estate profits can be real big (in fact, much bigger than you would expect from residential real estate of the same proportion). You could take up commercial real estate for either reselling after appreciation or for renting out to, say, retailers. The commercial real estate development is in fact treated as the first sign for growth of residential real estate. Once you know of the possibility of significant commercial growth in the region (either due to tax breaks or whatever), you should start evaluating the potential for appreciation in the prices of commercial real estate and then go for it quickly (as soon as you find a good deal). And you must really work towards getting a good deal. If you find that commercial real estate, e.g. land, is available in big chunks which are too expensive for you to buy, you could look at forming a small investor group (with your friends) and buy it together (and split the profits later). In some cases e.g. when a retail boom is expected in a region, you might find it profitable to buy a property that you can convert into a warehouse for the purpose of renting to small businesses.
So commercial real estate presents a whole plethora of investing opportunities, you just need to grab it.
Real estate is often termed as the safest investment avenue. In fact, real estate investments done with proper evaluation of the property (and its true value), can lead to good profits. This is one reason why some people pursue real estate investment as their full time job. The talks of real estate are generally focussed towards residential real estate; commercial real estate seems to take a back seat. However, commercial real estate too is a good option for investing in real estate.
Commercial real estate includes a lot of different kinds of properties. Most people relate commercial real estate with only office complexes or factories/ industrial units. However, that is not all of commercial real estate. There is more to commercial real estate. Health care centers, retail structures and warehouse are all good examples of commercial real estate. Even residential properties like apartments (or any property that consists of more than four residential units) are considered commercial real estate. In fact, such commercial real estate is much in demand.
So, is commercial real estate really profitable? Well, if it were not profitable I would not have been writing about commercial real estate at all. So, commercial real estate is profitable for sure. The only thing with commercial real estate is that recognising the opportunity is a bit difficult as compared to residential real estate. But commercial real estate profits can be real big (in fact, much bigger than you would expect from residential real estate of the same proportion). You could take up commercial real estate for either reselling after appreciation or for renting out to, say, retailers. The commercial real estate development is in fact treated as the first sign for growth of residential real estate. Once you know of the possibility of significant commercial growth in the region (either due to tax breaks or whatever), you should start evaluating the potential for appreciation in the prices of commercial real estate and then go for it quickly (as soon as you find a good deal). And you must really work towards getting a good deal. If you find that commercial real estate, e.g. land, is available in big chunks which are too expensive for you to buy, you could look at forming a small investor group (with your friends) and buy it together (and split the profits later). In some cases e.g. when a retail boom is expected in a region, you might find it profitable to buy a property that you can convert into a warehouse for the purpose of renting to small businesses.
So commercial real estate presents a whole plethora of investing opportunities, you just need to grab it.
วันจันทร์ที่ 21 มกราคม พ.ศ. 2551
Real Estate City Profiles - Birmingham, Alabama
Real Estate City Profiles - Birmingham, Alabama
by Brandon Cornett
Birmingham, Alabama is a great place to live and work. The city is rich with history and culture, and the consistently strong economy helps make Birmingham real estate a good financial investment.
So in this city profile, we will take a closer look at the city of Birmingham, Alabama from several angles, such as education, lifestyle, real estate and more.
Birmingham's Climate & Weather
Being located in the Deep South of the United States, Birmingham has a humid climate. Actually, in scientific terms, the climate here is considered to be subtropical (meaning hot summers and plenty of rainfall). The city averages about 52 inches of rain each year.
The Birmingham winters could best be described as mild to chilly. In January, one of the coldest months, the average daily high is around 53 degrees Fahrenheit, and the average low is around 32 degrees Fahrenheit.
Basic City Stats - Population, Geography, Etc.
Birmingham is the largest city in the state of Alabama. The city lies partly in Jefferson County and partly in Shelby County. Birmingham is the county seat of Jefferson County, Alabama. Geographically speaking, Birmingham is located in the north-central part of Alabama.
To chart the population growth of Birmingham, Alabama, one simply has to compare data over the last few years. In 2000, the population was around 242,000 in the city of Birmingham. Six years later in 2006, the population had actually decreased to about 230,000 in the city.
Today, in 2008, the population has gone back up again and is currently estimated at just over 242,000. So when you consider the last eight years, the population of Birmingham has more or less stayed the same (with a few ups and downs).
Note that these numbers pertain to the city alone, and not to the entire metro area of Birmingham. When you consider the entire metropolitan area of Birmingham, Alabama, the population is well over one million people.
Schools In and Around Birmingham, AL
You can't talk about real estate in a particular city without talking about the city's schools. After all, schools play a major role in property values (in addition to being a quality of life concern). So let's take a quick look at the school situation in this city.
Within the metropolitan Birmingham area, there are three universities, three colleges, four junior colleges, three technical schools, four business schools, and 276 public schools. As you can see, there is plenty of educational opportunity in and around Birmingham, Alabama, which makes a real estate investment much more sound (not to mention boosting the quality of life).
K-12 schools are operated under the purview of the Birmingham Public Schools, which consists of eight elementary schools, a district-wide school for grades 3-8, two middle schools, two high schools, and several alternative programs. In all, these schools serve more than 8,000 K-12 students in Birmingham, Alabama.
At the collegiate level, there are some excellent institutions in Birmingham, including the University of Alabama at Birmingham (also a major employer in the city), Samford University and the University of Montevallo (just south of Birmingham in Montevallo. AL).
Employment & Economy
The largest employers in the city are the University of Alabama at Birmingham, Baptist Medical Centers, BellSouth, and Jefferson County Public Schools. The steel industry also plays a big role in the city's economy, and many jobs can be attributed to steel production and processing facilities.
The Birmingham metropolitan area is consistently ranked as one of America's best places to work, based in part on the salary rates in the area (combined with the relatively low cost of living). In fact, a 2006 study by Salary.com ranked the city #2 on a list of best places to live for building personal net worth!
Should You Buy Real Estate in the Birmingham Area?
Should you buy a home in Birmingham, Alabama? This is a question that only you, as the homebuyer, can answer for yourself. Every city in the U.S. has its pros and cons, with regard to quality of life, real estate values, and other factors. And this applies to Birmingham just as well. Hopefully, however, this guide has given you a better insight into this wonderful southern city.
by Brandon Cornett
Birmingham, Alabama is a great place to live and work. The city is rich with history and culture, and the consistently strong economy helps make Birmingham real estate a good financial investment.
So in this city profile, we will take a closer look at the city of Birmingham, Alabama from several angles, such as education, lifestyle, real estate and more.
Birmingham's Climate & Weather
Being located in the Deep South of the United States, Birmingham has a humid climate. Actually, in scientific terms, the climate here is considered to be subtropical (meaning hot summers and plenty of rainfall). The city averages about 52 inches of rain each year.
The Birmingham winters could best be described as mild to chilly. In January, one of the coldest months, the average daily high is around 53 degrees Fahrenheit, and the average low is around 32 degrees Fahrenheit.
Basic City Stats - Population, Geography, Etc.
Birmingham is the largest city in the state of Alabama. The city lies partly in Jefferson County and partly in Shelby County. Birmingham is the county seat of Jefferson County, Alabama. Geographically speaking, Birmingham is located in the north-central part of Alabama.
To chart the population growth of Birmingham, Alabama, one simply has to compare data over the last few years. In 2000, the population was around 242,000 in the city of Birmingham. Six years later in 2006, the population had actually decreased to about 230,000 in the city.
Today, in 2008, the population has gone back up again and is currently estimated at just over 242,000. So when you consider the last eight years, the population of Birmingham has more or less stayed the same (with a few ups and downs).
Note that these numbers pertain to the city alone, and not to the entire metro area of Birmingham. When you consider the entire metropolitan area of Birmingham, Alabama, the population is well over one million people.
Schools In and Around Birmingham, AL
You can't talk about real estate in a particular city without talking about the city's schools. After all, schools play a major role in property values (in addition to being a quality of life concern). So let's take a quick look at the school situation in this city.
Within the metropolitan Birmingham area, there are three universities, three colleges, four junior colleges, three technical schools, four business schools, and 276 public schools. As you can see, there is plenty of educational opportunity in and around Birmingham, Alabama, which makes a real estate investment much more sound (not to mention boosting the quality of life).
K-12 schools are operated under the purview of the Birmingham Public Schools, which consists of eight elementary schools, a district-wide school for grades 3-8, two middle schools, two high schools, and several alternative programs. In all, these schools serve more than 8,000 K-12 students in Birmingham, Alabama.
At the collegiate level, there are some excellent institutions in Birmingham, including the University of Alabama at Birmingham (also a major employer in the city), Samford University and the University of Montevallo (just south of Birmingham in Montevallo. AL).
Employment & Economy
The largest employers in the city are the University of Alabama at Birmingham, Baptist Medical Centers, BellSouth, and Jefferson County Public Schools. The steel industry also plays a big role in the city's economy, and many jobs can be attributed to steel production and processing facilities.
The Birmingham metropolitan area is consistently ranked as one of America's best places to work, based in part on the salary rates in the area (combined with the relatively low cost of living). In fact, a 2006 study by Salary.com ranked the city #2 on a list of best places to live for building personal net worth!
Should You Buy Real Estate in the Birmingham Area?
Should you buy a home in Birmingham, Alabama? This is a question that only you, as the homebuyer, can answer for yourself. Every city in the U.S. has its pros and cons, with regard to quality of life, real estate values, and other factors. And this applies to Birmingham just as well. Hopefully, however, this guide has given you a better insight into this wonderful southern city.
วันอาทิตย์ที่ 20 มกราคม พ.ศ. 2551
Real Estate Sales: Locating Genuine Systems For Making Money
Real Estate Sales: Locating Genuine Systems For Making Money
by Amanda Beaty
There are many systems for making money with real estate sales. You will see commercials advertising real estate programs that can be used to invest with no money down. You can find written information on how to invest properly, how to avoid the pitfalls of real estate, and which properties to pay for. People seldom speak of the strategy used to succeed with these profit building techniques.
Trying to put together a real estate deal with a real estate program, can be very frustrating. This frustration is due to the formula being designed to work for only one type of real estate deal. Each deal must be treated differently. There is no set system which can handle every case. Attempting to do this can potentially create debts that exceed your income. In order to identify the perfect system to use for a given deal, consider the source.
Many people have grown prosperous through real estate sales. Don't select a real estate program before finding out what the author has achieved. This is not as bothersome as it seems. You just have to ask questions.
Don't forget, those who can't do, teach. More specifically, someone who proclaims himself to be a real estate expert could possibly have never closed a real estate deal. Just because they know a system for selling, doesn't mean they have actually used it. Anyone can claim to have instruction about buying real estate, however, it is imperative that you get your instruction from someone with credibility.
Before investing money in these so called real estate masters' programs, be sure to check their sources. A trustworthy investor might share their instruction in order to help you make your first deal. Keep an eye out for investors that say they will help, but then only show up at the closing after having you work independently. These are not true investors. They are only salesmen. A legitimate investor wants to be present for the project from open to close. A legitimate expert may have you do some work, however, they will always be asking for feedback. They will not just give you a list of instructions and turn you loose.
Most of the time, these people who claim to be masters haven't made any money in real estate sales. They became wealthy by coaxing people to buy their programs. You can easily spot a fraudulent expert if he only talks about how much money you can make but refuses to explain the systems of doing so. Only pay attention to the masters that explain their program in detail. They are only using a tactic to get your attention when they say that they went from being bankrupt to becoming millionaires.
If you look in the right places you can find genuine investors out there with a bunch of different programs. You can find these courses by doing your research. Locate some local investors. Ask them who they recommend for a valuable investment program. Listen very thoroughly to their advertisements. The path they chose to make their money is more relevant than how much money they made. If you never hear them mention their program or only hear them indistinctly describe it, the program will probably fail.
There is good instruction out there from genuine investors. Do your research and avoid spending money on an imperfect product. Be sure to ask lots of questions before you choose a real estate sales program.
by Amanda Beaty
There are many systems for making money with real estate sales. You will see commercials advertising real estate programs that can be used to invest with no money down. You can find written information on how to invest properly, how to avoid the pitfalls of real estate, and which properties to pay for. People seldom speak of the strategy used to succeed with these profit building techniques.
Trying to put together a real estate deal with a real estate program, can be very frustrating. This frustration is due to the formula being designed to work for only one type of real estate deal. Each deal must be treated differently. There is no set system which can handle every case. Attempting to do this can potentially create debts that exceed your income. In order to identify the perfect system to use for a given deal, consider the source.
Many people have grown prosperous through real estate sales. Don't select a real estate program before finding out what the author has achieved. This is not as bothersome as it seems. You just have to ask questions.
Don't forget, those who can't do, teach. More specifically, someone who proclaims himself to be a real estate expert could possibly have never closed a real estate deal. Just because they know a system for selling, doesn't mean they have actually used it. Anyone can claim to have instruction about buying real estate, however, it is imperative that you get your instruction from someone with credibility.
Before investing money in these so called real estate masters' programs, be sure to check their sources. A trustworthy investor might share their instruction in order to help you make your first deal. Keep an eye out for investors that say they will help, but then only show up at the closing after having you work independently. These are not true investors. They are only salesmen. A legitimate investor wants to be present for the project from open to close. A legitimate expert may have you do some work, however, they will always be asking for feedback. They will not just give you a list of instructions and turn you loose.
Most of the time, these people who claim to be masters haven't made any money in real estate sales. They became wealthy by coaxing people to buy their programs. You can easily spot a fraudulent expert if he only talks about how much money you can make but refuses to explain the systems of doing so. Only pay attention to the masters that explain their program in detail. They are only using a tactic to get your attention when they say that they went from being bankrupt to becoming millionaires.
If you look in the right places you can find genuine investors out there with a bunch of different programs. You can find these courses by doing your research. Locate some local investors. Ask them who they recommend for a valuable investment program. Listen very thoroughly to their advertisements. The path they chose to make their money is more relevant than how much money they made. If you never hear them mention their program or only hear them indistinctly describe it, the program will probably fail.
There is good instruction out there from genuine investors. Do your research and avoid spending money on an imperfect product. Be sure to ask lots of questions before you choose a real estate sales program.
Investing in real estate in Cyprus
Investing in real estate in Cyprus
Cyprus lies quite near the Mediterranean Sea's calm, soothing and clear water, and also enjoys natural sunlight for about three hundred and twenty days annually. These features make Cyprus a perfect vacation spot and agreat hunt for various property investors on an international scale.
As a matter of fact, for any person who is planning to diversify his portfolio and is willing to enter the real estate market, Cyprus would be his ideal choice for making the most of what it possesses and the amount of profits that the investor will earn there from. Cyprus is a very good holiday spot and so by renting your property throughout the year, the capital gains of yours will reach the double-digit figures consistently,and you should by no means look at any other place for investment purpose.
An added and an incomparable advantage is that any purchaser of a property in Cyprus can use the property for his own vacationing purpose as well,which is anyways the ideal place to spend some quality time with all those close to you.
So immediately opt for dealing in real estate in Cyprus which accounts for some good opportunities for investors.Right from the time when the European Union was joined by Cyprus in the year 2004, the rules relating to the owning of real estate in Cyprus have come under the scanner.
At present, only foreign buyers are permitted to deal in real estate in Cyprus, but as soon as amendments are introduced, it is expected that many others will also plunge into the business and propertyprices at Cyprus will shoot up owing to the added demand.
The Cyprus law is framed on the common law of English, which not only makes the procedure of buying property in Cyprus a simple affair, but also necessitates the foreign investors to have the same rules applicable for all investors to which the local people of Cyprus are subject.
This implies that through security, the process of owning of property in Cyprus is a safe one.The law protests the investors and the buyers or tenants of the property as well.
The standards of the buildings in Cyprus is at par with those of Europe,and with the availability of surplus property to deal in, Cyprus only becomes a good opportunity for investors to invest in, owing much to quality products.
This makes a lot of options available for investors to deal in. Investors who show a keen interest in dealing in properties at Cyprus should make a note that most people prefer villas that are close to the pool and/or are not far away from a golfing course.
Then come the people who are hunting for houses, and they mainly look for apartments which are near the seashore and is well connected to the main places of interest in Cyprus.
This gives an investor plenty of options to go for various deals which suit the various purposes for which property is needed by people of Cyprus and otherwise.
Cyprus lies quite near the Mediterranean Sea's calm, soothing and clear water, and also enjoys natural sunlight for about three hundred and twenty days annually. These features make Cyprus a perfect vacation spot and agreat hunt for various property investors on an international scale.
As a matter of fact, for any person who is planning to diversify his portfolio and is willing to enter the real estate market, Cyprus would be his ideal choice for making the most of what it possesses and the amount of profits that the investor will earn there from. Cyprus is a very good holiday spot and so by renting your property throughout the year, the capital gains of yours will reach the double-digit figures consistently,and you should by no means look at any other place for investment purpose.
An added and an incomparable advantage is that any purchaser of a property in Cyprus can use the property for his own vacationing purpose as well,which is anyways the ideal place to spend some quality time with all those close to you.
So immediately opt for dealing in real estate in Cyprus which accounts for some good opportunities for investors.Right from the time when the European Union was joined by Cyprus in the year 2004, the rules relating to the owning of real estate in Cyprus have come under the scanner.
At present, only foreign buyers are permitted to deal in real estate in Cyprus, but as soon as amendments are introduced, it is expected that many others will also plunge into the business and propertyprices at Cyprus will shoot up owing to the added demand.
The Cyprus law is framed on the common law of English, which not only makes the procedure of buying property in Cyprus a simple affair, but also necessitates the foreign investors to have the same rules applicable for all investors to which the local people of Cyprus are subject.
This implies that through security, the process of owning of property in Cyprus is a safe one.The law protests the investors and the buyers or tenants of the property as well.
The standards of the buildings in Cyprus is at par with those of Europe,and with the availability of surplus property to deal in, Cyprus only becomes a good opportunity for investors to invest in, owing much to quality products.
This makes a lot of options available for investors to deal in. Investors who show a keen interest in dealing in properties at Cyprus should make a note that most people prefer villas that are close to the pool and/or are not far away from a golfing course.
Then come the people who are hunting for houses, and they mainly look for apartments which are near the seashore and is well connected to the main places of interest in Cyprus.
This gives an investor plenty of options to go for various deals which suit the various purposes for which property is needed by people of Cyprus and otherwise.
Punta Cana Real Estate
Punta Cana Real Estate
by Mary Ponce
Owning a Punta Cana Real Estate property is not just a dream anymore. On these days Punta Cana offers properties and real estate at affordable prices. Punta Cana is a fast growing tourist and investment area. You can have any kind of property you wish: condos, apartments, villas or land. In fact, all kind of real estate is for sale in Punta Cana.
Punta Cana is among the fastest growing tourist destinations in the entire Caribbean. Because of its accelerated growth, it is hard to believe that 35 years ago all one could find there was a tiny adventurer's hotel and one narrow road. With roughly 40 hotels, 30,000 rooms, 5 operating golf courses, Punta Cana Realty still has the potential for astounding development. Acquiring property in Punta Cana is straightforward, but still, foreigners purchasing property anywhere in the world outside their native countries need to have extra caution. The best thing to do is obtain help from a real estate attorney to get through the process.
Before the process of acquiring your own space, you should have in mind the prices. Apartments in Punta Cana can cost anywhere from $ 50,000 to $225,000(USD) depending upon the location and type of apartment. These are decent prices if you think about the spectacular ocean views and private beaches that you will be able to enjoy.
A particular fact on Punta Cana Real Estate is that many renowned celebrities like Oscar de La Renta, Julio Iglesias and Shakira have residences on this region. Just like for celebrities there is luxury, comfort and amazing views on Punta Cana for everyone and all budgets.
Many years ago entrepreneurs with extraordinary business mentality purchased large beach properties at low prices and today most of the beachfront property of Punta Cana is owned and occupied by big resort hotels. You can purchase for future investments, to live there or just to have your own vacation spot.
At this time getting involved in Punta Cana Real Estate seems like a smart decision.
by Mary Ponce
Owning a Punta Cana Real Estate property is not just a dream anymore. On these days Punta Cana offers properties and real estate at affordable prices. Punta Cana is a fast growing tourist and investment area. You can have any kind of property you wish: condos, apartments, villas or land. In fact, all kind of real estate is for sale in Punta Cana.
Punta Cana is among the fastest growing tourist destinations in the entire Caribbean. Because of its accelerated growth, it is hard to believe that 35 years ago all one could find there was a tiny adventurer's hotel and one narrow road. With roughly 40 hotels, 30,000 rooms, 5 operating golf courses, Punta Cana Realty still has the potential for astounding development. Acquiring property in Punta Cana is straightforward, but still, foreigners purchasing property anywhere in the world outside their native countries need to have extra caution. The best thing to do is obtain help from a real estate attorney to get through the process.
Before the process of acquiring your own space, you should have in mind the prices. Apartments in Punta Cana can cost anywhere from $ 50,000 to $225,000(USD) depending upon the location and type of apartment. These are decent prices if you think about the spectacular ocean views and private beaches that you will be able to enjoy.
A particular fact on Punta Cana Real Estate is that many renowned celebrities like Oscar de La Renta, Julio Iglesias and Shakira have residences on this region. Just like for celebrities there is luxury, comfort and amazing views on Punta Cana for everyone and all budgets.
Many years ago entrepreneurs with extraordinary business mentality purchased large beach properties at low prices and today most of the beachfront property of Punta Cana is owned and occupied by big resort hotels. You can purchase for future investments, to live there or just to have your own vacation spot.
At this time getting involved in Punta Cana Real Estate seems like a smart decision.
Real Estate City Profiles - Nashville, Tennessee
Real Estate City Profiles - Nashville, Tennessee
by Brandon Cornett
Nashville, Tennessee is a great place to work and live. It's also a great place to buy a home, and it comes up on a lot of those "best places to live" lists.
For example, in 2006 Kiplinger.com created a list of "50 Smart Places to Live." They used several criteria to create a list of cities there were a good real estate investment. Nashville made the top of the list, ranked #1 by the editors.
Why Nashville, Tennessee Real Estate?
So what makes Nashville a great place to buy a home? Well, lots of things actually. So in this city profile, we will take a closer look at just what makes Nashville tick -- and what makes it such a smart real estate investment.
Lifestyle & Entertainment in Nashville
When you mention the city name of "Nashville," most people immediately think of country music. Obviously, there's plenty of it to be found in Nashville. But the city also enjoys a wide range of musical influences and venues. In fact, if you go downtown on any given Saturday night, you can probably sample some live country music, jazz, rock or R&B, all within a short walk of one another.
The Parks Department of Nashville offers a variety of facilities and programs for the city's residents to enjoy. The Department manages more than 100 individual properties (parks, nature centers, swimming pools, trails, etc.) as well as seven municipal golf courses. Whether you're interested in joining a local sports league, or you just want a nice place to jog or walk the dog, The Metro Parks and Recreation Department has something for you.
Schools & Education
You can't talk about real estate in a particular city without talking about the city's schools. This is obviously an important topic for parents with school-aged children. But it's also important from a real estate investment standpoint, as the quality of schools will play a major role in property values. Fortunately, the educational scene in Nashville is both strong and diverse.
Public schools in Nashville are operated under the purview of the Metropolitan Nashville Board of Education. This school system manages a total of 136 schools -- 74 elementary, 35 middle, 16 high schools, 4 alternative learning centers, 4 special education, and 3 charter schools.
At the collegiate level, there are quite a few educational institutions in and around Nashville, Tennessee. In fact, the city is sometimes called the "Athens of the South" because of the high number of colleges and universities in the area. These include Vanderbilt University, Tennessee State University, and variety of other colleges and training institutions.
Employment & Economy
Buying real estate in a city without evaluating the economy is like driving while blindfolded. So let's take a look at the economy and employment situation in Nashville, Tennessee.
The music industry employs a lot of people in Nashville. Most of the major music labels such as Sony, Universal and Warner have offices in Nashville. Many smaller labels have also set up shop in the music-driven city. So music recording and production plays a big role in Nashville's economy.
While music is the best-known aspect of Nashville's economy, healthcare is actually the city's largest industry segment. More than 200 healthcare companies are located within the Nashville metropolitan area. According to a 2006 issue of The Tennessean, the healthcare industry has contributes more than 90,000 jobs for Nashville residents, a much larger contribution than any other single industry sector.
As a major city of the south, Nashville also enjoys many other types of industries as well, ranging from finance to publishing (and many things in between).
Should You Buy Real Estate in the Nashville Area?
Should you buy a home in Nashville, Tennessee? In reality, this is a question that only you, as the homebuyer, can answer for yourself. All cities have certain pros and cons with regard to real estate values, quality of life, etc. This applies equally to Nashville. Hopefully, however, this guide to Nashville will help you move closer to answering that question!
by Brandon Cornett
Nashville, Tennessee is a great place to work and live. It's also a great place to buy a home, and it comes up on a lot of those "best places to live" lists.
For example, in 2006 Kiplinger.com created a list of "50 Smart Places to Live." They used several criteria to create a list of cities there were a good real estate investment. Nashville made the top of the list, ranked #1 by the editors.
Why Nashville, Tennessee Real Estate?
So what makes Nashville a great place to buy a home? Well, lots of things actually. So in this city profile, we will take a closer look at just what makes Nashville tick -- and what makes it such a smart real estate investment.
Lifestyle & Entertainment in Nashville
When you mention the city name of "Nashville," most people immediately think of country music. Obviously, there's plenty of it to be found in Nashville. But the city also enjoys a wide range of musical influences and venues. In fact, if you go downtown on any given Saturday night, you can probably sample some live country music, jazz, rock or R&B, all within a short walk of one another.
The Parks Department of Nashville offers a variety of facilities and programs for the city's residents to enjoy. The Department manages more than 100 individual properties (parks, nature centers, swimming pools, trails, etc.) as well as seven municipal golf courses. Whether you're interested in joining a local sports league, or you just want a nice place to jog or walk the dog, The Metro Parks and Recreation Department has something for you.
Schools & Education
You can't talk about real estate in a particular city without talking about the city's schools. This is obviously an important topic for parents with school-aged children. But it's also important from a real estate investment standpoint, as the quality of schools will play a major role in property values. Fortunately, the educational scene in Nashville is both strong and diverse.
Public schools in Nashville are operated under the purview of the Metropolitan Nashville Board of Education. This school system manages a total of 136 schools -- 74 elementary, 35 middle, 16 high schools, 4 alternative learning centers, 4 special education, and 3 charter schools.
At the collegiate level, there are quite a few educational institutions in and around Nashville, Tennessee. In fact, the city is sometimes called the "Athens of the South" because of the high number of colleges and universities in the area. These include Vanderbilt University, Tennessee State University, and variety of other colleges and training institutions.
Employment & Economy
Buying real estate in a city without evaluating the economy is like driving while blindfolded. So let's take a look at the economy and employment situation in Nashville, Tennessee.
The music industry employs a lot of people in Nashville. Most of the major music labels such as Sony, Universal and Warner have offices in Nashville. Many smaller labels have also set up shop in the music-driven city. So music recording and production plays a big role in Nashville's economy.
While music is the best-known aspect of Nashville's economy, healthcare is actually the city's largest industry segment. More than 200 healthcare companies are located within the Nashville metropolitan area. According to a 2006 issue of The Tennessean, the healthcare industry has contributes more than 90,000 jobs for Nashville residents, a much larger contribution than any other single industry sector.
As a major city of the south, Nashville also enjoys many other types of industries as well, ranging from finance to publishing (and many things in between).
Should You Buy Real Estate in the Nashville Area?
Should you buy a home in Nashville, Tennessee? In reality, this is a question that only you, as the homebuyer, can answer for yourself. All cities have certain pros and cons with regard to real estate values, quality of life, etc. This applies equally to Nashville. Hopefully, however, this guide to Nashville will help you move closer to answering that question!
How To Accumulate Cash To Invest In Real Estate
How To Accumulate Cash To Invest In Real Estate
by Jack Sternberg
Plenty of fancy words have been written about real estate investment strategies. But I want to cut to the chase in this article. No matter how fancy the language is, investment strategies boil down to two objectives: Buying real estate to accumulate cash. Buying real estate to build equity and wealth.
Which strategy to choose depends entirely on you "your needs, your personality, and so forth. Frankly, either choice is fine as long as you choose one early in your career, commit to it over the long term and do everything you legally can to make it successful.
In this article, I'll look at the cash accumulation strategies and the pros and cons of each. I'll treat the build equity and wealth strategy in another article. The Cash Accumulation Strategy Let's assume you're relatively new to the real estate market and need methods for pursuing a cash accumulation strategy.
Below are several methods you can try: Bird dogging. In simple terms, you find good properties for investors and charge them a finder's fee for doing so. This is strictly a cash strategy.
Advantages: It doesn't require any cash on your part or previous knowledge. It's also the fastest way to earn cash. In addition, it's a great way to learn the ropesof the local real estate market.
Disadvantages: The money you earn per transaction is the least in the market. It also takes considerable time and effort to locate suitable properties. Flipping. Flipping is the art of buying property, waiting for the right moment, and then selling it for a quick profit. In basic terms, you're controlling the property with a binding purchase contract. This strategy is most effective in areas where the demand for housing is so high that there's a limited supply, causing prices to rapidly rise.
Advantages: With this method, you'll get negotiation leverage and good profit potential. Also, it can be a good life if you enjoy an entrepreneurial life style and a lot of freedom.
Disadvantages: Volume can be low, depending on market conditions so your income can fluctuate. Although flipping is entirely legal, it received bad press due to con artists making a quick buck by duping customers. So, you may need a thick skin in terms of other people's opinions of you. Another disadvantage occurs when too many speculators get into the market. When that happens, prices drop quickly, and you end up stuck with the property and no immediate profit. Another possible downside is that interest rates can rise, thus dampening the demand for housing. A final disadvantage is hidden property problems. If you don't pursue careful due diligence, you can end up with expensive repair costs that eat up your profits or even cause a loss. Buy and sell as-is. This method is simple: buy a property, leave it as-is, and then put it back on the market but at a higher price.
Advantage: When done right, you'll find that the profit margin is even higher than with the flipping method.
Disadvantages: This method takes time and, due to that fact, volume may be low. Buy, improve, sell. With this method, you purchase a property, make cost-effective improvements, and then sell it at a higher price.
Advantage: Margins are even better with this rehabbingmethod than with the previous methods.
Disadvantages: With this method, you have a much bigger investment time and money than the previous methods.
by Jack Sternberg
Plenty of fancy words have been written about real estate investment strategies. But I want to cut to the chase in this article. No matter how fancy the language is, investment strategies boil down to two objectives: Buying real estate to accumulate cash. Buying real estate to build equity and wealth.
Which strategy to choose depends entirely on you "your needs, your personality, and so forth. Frankly, either choice is fine as long as you choose one early in your career, commit to it over the long term and do everything you legally can to make it successful.
In this article, I'll look at the cash accumulation strategies and the pros and cons of each. I'll treat the build equity and wealth strategy in another article. The Cash Accumulation Strategy Let's assume you're relatively new to the real estate market and need methods for pursuing a cash accumulation strategy.
Below are several methods you can try: Bird dogging. In simple terms, you find good properties for investors and charge them a finder's fee for doing so. This is strictly a cash strategy.
Advantages: It doesn't require any cash on your part or previous knowledge. It's also the fastest way to earn cash. In addition, it's a great way to learn the ropesof the local real estate market.
Disadvantages: The money you earn per transaction is the least in the market. It also takes considerable time and effort to locate suitable properties. Flipping. Flipping is the art of buying property, waiting for the right moment, and then selling it for a quick profit. In basic terms, you're controlling the property with a binding purchase contract. This strategy is most effective in areas where the demand for housing is so high that there's a limited supply, causing prices to rapidly rise.
Advantages: With this method, you'll get negotiation leverage and good profit potential. Also, it can be a good life if you enjoy an entrepreneurial life style and a lot of freedom.
Disadvantages: Volume can be low, depending on market conditions so your income can fluctuate. Although flipping is entirely legal, it received bad press due to con artists making a quick buck by duping customers. So, you may need a thick skin in terms of other people's opinions of you. Another disadvantage occurs when too many speculators get into the market. When that happens, prices drop quickly, and you end up stuck with the property and no immediate profit. Another possible downside is that interest rates can rise, thus dampening the demand for housing. A final disadvantage is hidden property problems. If you don't pursue careful due diligence, you can end up with expensive repair costs that eat up your profits or even cause a loss. Buy and sell as-is. This method is simple: buy a property, leave it as-is, and then put it back on the market but at a higher price.
Advantage: When done right, you'll find that the profit margin is even higher than with the flipping method.
Disadvantages: This method takes time and, due to that fact, volume may be low. Buy, improve, sell. With this method, you purchase a property, make cost-effective improvements, and then sell it at a higher price.
Advantage: Margins are even better with this rehabbingmethod than with the previous methods.
Disadvantages: With this method, you have a much bigger investment time and money than the previous methods.
วันศุกร์ที่ 18 มกราคม พ.ศ. 2551
Selling Montreal Real Estate: 3 Easy Tips for Home Staging
Selling Montreal Real Estate: 3 Easy Tips for Home Staging
by Eric Giguere
Before you put your home on the Montreal real estate market, it's important to make sure that it shows at its best. Home staging is a great way to enhance the look of your home and gives it a better chance of selling quickly and for the price you want.
Home staging in the Montreal real estate market is a growing trend. Home stating has one goal in mind and that is to make sure the house looks like showroom quality. Home staging has statistically sold homes faster and for more money, so why not do a little staging of your own.
The point of home staging is to give the home a neutral look that will appeal to the most buyers. Before you hire a professional home stager, you may want to look at what you can do yourself to increase the value of you home.
The 3 Ds of Home Staging
1. De-clutter: Over the years of living in the same house, everyone has the tendency to collect material things which are usually end up in the basement or the garage or the attic. Clutter is deadly to selling a house and can seriously reduce the selling price. Take a quick inventory of your rooms and evaluate what you could remove to make more room. When showing the house ensure that nothing is on the floors, especially clothes, and that the kitchen counters are free of most things except for accent items. You can refer to a "Stager" specialist for how to and professional advice.
2. De-personalize: Your personal touches make a home out of your house, but they may also scare some buyers off. Remove anything that is of personal, religious or sexual nature. If you like family photos and have them pinned up on the walls, take them down and replace them with neutral artworks. If you value religion and have symbols and artifacts around the house remove those during the visits as the potential buyers may not be of the same faith. If you have artwork that is of a more adult nature, remove them also because it may offend some potential buyers. The benefits will greatly outweigh the cost.
3. Deep Clean: It's spring cleaning time. A deep clean is the best way to really make your house stand out. It's also one of the oldest trick in the sales book. The first thing used cars salesmen do when they get a new used car on the lot is to deep clean it and make it shine. Clean and dust everything that you don't normally clean. Windows inside and out, doors, windows and door tracts, light fixtures, top of cabinetry, behind and under couches, furniture and appliances, walls and ceilings, and anywhere else you don't clean on a regular basis.
Before every showing: DUST and WINDEX
If you are selling a home in Montreal, you want to make sure that it is in the best condition possible to get the most profit possible. You should do this even if you choose to list with an agent since a good agent would tell you to do the same. Actually, if you choose to invite agents into your home, you should do these simple tips before they come visit. That way they will get a good first impression about your house and make the experience that much more pleasant.
by Eric Giguere
Before you put your home on the Montreal real estate market, it's important to make sure that it shows at its best. Home staging is a great way to enhance the look of your home and gives it a better chance of selling quickly and for the price you want.
Home staging in the Montreal real estate market is a growing trend. Home stating has one goal in mind and that is to make sure the house looks like showroom quality. Home staging has statistically sold homes faster and for more money, so why not do a little staging of your own.
The point of home staging is to give the home a neutral look that will appeal to the most buyers. Before you hire a professional home stager, you may want to look at what you can do yourself to increase the value of you home.
The 3 Ds of Home Staging
1. De-clutter: Over the years of living in the same house, everyone has the tendency to collect material things which are usually end up in the basement or the garage or the attic. Clutter is deadly to selling a house and can seriously reduce the selling price. Take a quick inventory of your rooms and evaluate what you could remove to make more room. When showing the house ensure that nothing is on the floors, especially clothes, and that the kitchen counters are free of most things except for accent items. You can refer to a "Stager" specialist for how to and professional advice.
2. De-personalize: Your personal touches make a home out of your house, but they may also scare some buyers off. Remove anything that is of personal, religious or sexual nature. If you like family photos and have them pinned up on the walls, take them down and replace them with neutral artworks. If you value religion and have symbols and artifacts around the house remove those during the visits as the potential buyers may not be of the same faith. If you have artwork that is of a more adult nature, remove them also because it may offend some potential buyers. The benefits will greatly outweigh the cost.
3. Deep Clean: It's spring cleaning time. A deep clean is the best way to really make your house stand out. It's also one of the oldest trick in the sales book. The first thing used cars salesmen do when they get a new used car on the lot is to deep clean it and make it shine. Clean and dust everything that you don't normally clean. Windows inside and out, doors, windows and door tracts, light fixtures, top of cabinetry, behind and under couches, furniture and appliances, walls and ceilings, and anywhere else you don't clean on a regular basis.
Before every showing: DUST and WINDEX
If you are selling a home in Montreal, you want to make sure that it is in the best condition possible to get the most profit possible. You should do this even if you choose to list with an agent since a good agent would tell you to do the same. Actually, if you choose to invite agents into your home, you should do these simple tips before they come visit. That way they will get a good first impression about your house and make the experience that much more pleasant.
วันพฤหัสบดีที่ 17 มกราคม พ.ศ. 2551
What To Include In A Real Estate Purchase Agreement
What To Include In A Real Estate Purchase Agreement
by Gloria
A real estate purchase agreement is a vital written document required in the purchase and/or sale of a property. It is also referred to as a real estate contract involving two parties" the buyer and the seller. In the U.S., these agreements are required by law to be in writing to be considered legally binding.
The document contains several important details such as the legal description of the property including the address, the purchase price, earnest money or deposit, inspections done, information on buyer financing and the timeframe for the buyer to obtain financing, closing date and time as well as the appliances and fixtures included and excluded in the sale of the property concerned.
Parties involved" A real estate purchase agreement must identify the names of the seller and buyer who are also called principals. Only persons in a stable mental condition can enter into a contract.
Property information" A legal description of the property must be stipulated in the contract including the specific address.
Purchase price" This refers to the amount of the property’s selling price or an estimated value in the event an appraisal is still forthcoming.
Signatures" The seller and the buyer should affix their signature on the contract to make the document enforceable.
Contingencies" Most purchase agreements include contingencies of various kinds to protect the parties involved.
a. Mortgage" This is one of the most common contingency which normally requires the buyer to secure a loan within a specific time after the contract signing. b. Inspection" Most buyers want to make sure that the property they are purchasing is free from material defects this is the reason why they require a satisfactory inspection. c. Appraisal" It is to the advantage of the buyer if the seller provides an appraisal report on the property during negotiation. However, the buyer also has a right to ask for his or her own appraisal to make sure that what he or she is buying is within a fair market value and not overpriced. d. Another sale" This means that the purchase or sale of a property is contingent on the sale of another real estate property. It is a reality that some buyers negotiate on purchasing a new home while their own property is still in the selling stage as well. It is only when their home is successfully sold that they can finance the purchase of a new property. e. 72-hour timeframe" This is usually a contingency provided by the seller in which he or she accepts a contract on condition that the potential buyer looks for a buyer or renter of their own property to purchase the new home. The seller here gives a 72-hour notice to buyer to scrap their contingency and continues to hold the right to sell the property. If the buyer can prove that he or she can purchase the property, the contingency will be removed. If not, the buyer will release the seller from the contract and allow him or her to accommodate a new contract.
Closing" This is the date and time of closing when ownership of the property is transferred from the seller to the buyer. A different date may be stated for physical possession of the property. The closing also specifies which party will shoulder the closing costs.
Fixtures" This refers to the appliances, furnitures and fixtures that the seller wants to include or exclude in the sale of the property.
These forms can be purchased and downloaded over the internet. It is always recommended that you have an attorney look over any important document before signing.
by Gloria
A real estate purchase agreement is a vital written document required in the purchase and/or sale of a property. It is also referred to as a real estate contract involving two parties" the buyer and the seller. In the U.S., these agreements are required by law to be in writing to be considered legally binding.
The document contains several important details such as the legal description of the property including the address, the purchase price, earnest money or deposit, inspections done, information on buyer financing and the timeframe for the buyer to obtain financing, closing date and time as well as the appliances and fixtures included and excluded in the sale of the property concerned.
Parties involved" A real estate purchase agreement must identify the names of the seller and buyer who are also called principals. Only persons in a stable mental condition can enter into a contract.
Property information" A legal description of the property must be stipulated in the contract including the specific address.
Purchase price" This refers to the amount of the property’s selling price or an estimated value in the event an appraisal is still forthcoming.
Signatures" The seller and the buyer should affix their signature on the contract to make the document enforceable.
Contingencies" Most purchase agreements include contingencies of various kinds to protect the parties involved.
a. Mortgage" This is one of the most common contingency which normally requires the buyer to secure a loan within a specific time after the contract signing. b. Inspection" Most buyers want to make sure that the property they are purchasing is free from material defects this is the reason why they require a satisfactory inspection. c. Appraisal" It is to the advantage of the buyer if the seller provides an appraisal report on the property during negotiation. However, the buyer also has a right to ask for his or her own appraisal to make sure that what he or she is buying is within a fair market value and not overpriced. d. Another sale" This means that the purchase or sale of a property is contingent on the sale of another real estate property. It is a reality that some buyers negotiate on purchasing a new home while their own property is still in the selling stage as well. It is only when their home is successfully sold that they can finance the purchase of a new property. e. 72-hour timeframe" This is usually a contingency provided by the seller in which he or she accepts a contract on condition that the potential buyer looks for a buyer or renter of their own property to purchase the new home. The seller here gives a 72-hour notice to buyer to scrap their contingency and continues to hold the right to sell the property. If the buyer can prove that he or she can purchase the property, the contingency will be removed. If not, the buyer will release the seller from the contract and allow him or her to accommodate a new contract.
Closing" This is the date and time of closing when ownership of the property is transferred from the seller to the buyer. A different date may be stated for physical possession of the property. The closing also specifies which party will shoulder the closing costs.
Fixtures" This refers to the appliances, furnitures and fixtures that the seller wants to include or exclude in the sale of the property.
These forms can be purchased and downloaded over the internet. It is always recommended that you have an attorney look over any important document before signing.
Top Ten Thing Real Estate Agents Do Before Selling Their Own Home
Top Ten Thing Real Estate Agents Do Before Selling Their Own Home
by Bruce Swedal
When it comes to getting top dollar for their homes Real Estate Agents know how to get it done. After all it is what they do for a living. The only thing that typically keeps a typical home seller from achieving the same results is the reluctance on their part to invest in the sale of their home.
Since Realtors package, market and sell homes for a living and they know what home buyers want. Here is a list of the top ten items that real estate agents do when preparing their own home for sale.
Carpets are clean and in good condition. Otherwise, get rid of them. All clutter is removed. Everything is thoroughly cleaned. Pet odors are eliminated! Broken items are fixed. All clutter is removed from the front yard. Curtains are always opened, windows shades always up and lights always on. Walls are clean and there are no smudge marks. The closets are reorganized so they appear larger. The front lawn and shrubs are manicured. Excess furniture is removed and either put in the basement or into storage.
When it comes to the exterior of the home you should know that curb appeal scores big points. The impression from the curb is the first impression that a potential home buyer forms and sets the stage for the rest of the showing. If they get a poor impression first impression prior to even getting out of the car you may have already lost that buyer and never have an opportunity to get them back.
Beautify the exterior with paint, landscaping and any repairs needed to give it a crisp and uncluttered appearance. Buyers will want to purchase a home that they feel they can invite their friends and family to and be proud of what they have. You want the buyers to feel the pride you have in your home through the appearance.
When it comes to the interior of the home there are a couple key elements to keep in mind. Buyers like space and cleanliness. They do not want to feel that they will quickly outgrow the home so make sure that you clean out any unnecessary furniture to create more space. Also look at the cabinets and closets and clean out those spaces to create the feeling of having plenty of room.
Cleanliness may sound like an easy topic but people have different concepts of what is clean. Go overboard on cleaning and presenting an uncluttered appearance. Think of it in terms of your home can never be too clean when a buyer comes through. Buyers what to see show homes when it comes to cleanliness so take it to the extreme.
A key point to remember is that you should never do more than is necessary to sell your home.
Often sellers think that the more they fix-up, the higher the price they will get. When you go beyond the necessary fix-ups, you get to the point where you are wasting your money. Do all the necessary fix-ups prior to selling, but never do what is un-necessary.
by Bruce Swedal
When it comes to getting top dollar for their homes Real Estate Agents know how to get it done. After all it is what they do for a living. The only thing that typically keeps a typical home seller from achieving the same results is the reluctance on their part to invest in the sale of their home.
Since Realtors package, market and sell homes for a living and they know what home buyers want. Here is a list of the top ten items that real estate agents do when preparing their own home for sale.
Carpets are clean and in good condition. Otherwise, get rid of them. All clutter is removed. Everything is thoroughly cleaned. Pet odors are eliminated! Broken items are fixed. All clutter is removed from the front yard. Curtains are always opened, windows shades always up and lights always on. Walls are clean and there are no smudge marks. The closets are reorganized so they appear larger. The front lawn and shrubs are manicured. Excess furniture is removed and either put in the basement or into storage.
When it comes to the exterior of the home you should know that curb appeal scores big points. The impression from the curb is the first impression that a potential home buyer forms and sets the stage for the rest of the showing. If they get a poor impression first impression prior to even getting out of the car you may have already lost that buyer and never have an opportunity to get them back.
Beautify the exterior with paint, landscaping and any repairs needed to give it a crisp and uncluttered appearance. Buyers will want to purchase a home that they feel they can invite their friends and family to and be proud of what they have. You want the buyers to feel the pride you have in your home through the appearance.
When it comes to the interior of the home there are a couple key elements to keep in mind. Buyers like space and cleanliness. They do not want to feel that they will quickly outgrow the home so make sure that you clean out any unnecessary furniture to create more space. Also look at the cabinets and closets and clean out those spaces to create the feeling of having plenty of room.
Cleanliness may sound like an easy topic but people have different concepts of what is clean. Go overboard on cleaning and presenting an uncluttered appearance. Think of it in terms of your home can never be too clean when a buyer comes through. Buyers what to see show homes when it comes to cleanliness so take it to the extreme.
A key point to remember is that you should never do more than is necessary to sell your home.
Often sellers think that the more they fix-up, the higher the price they will get. When you go beyond the necessary fix-ups, you get to the point where you are wasting your money. Do all the necessary fix-ups prior to selling, but never do what is un-necessary.
Costa Rica Real Estate: An Eco-Friendly Retreat
Costa Rica Real Estate: An Eco-Friendly Retreat!
by Stacey Crevoiserat
Costa Rica is a simply beautiful place to visit, but imagine living there!! Your dream vacation could be your everyday life! Costa Rica real estate is a booming market at the moment and attracting a great deal of attention. If you're looking to buy a second home, move permanently, or retire somewhere tropical, Costa Rica is the place for you!
The following are a few reasons you should invest in Costa Rica Real Estate!
1. Stable Government Means Stable Investments! The Costa Rican government is a very stable one. They are a democratic republic with three branches and have enjoyed a peaceful democratic existence since 1949. The government sees the high value of tourism and encourages foreigners to visit and retire in Costa Rica. This stable government ensures that the money you invest in your real estate is a safe investment and will not lose value suddenly.
2. The Currency Is Stable, So Your Money Is Safe! Because the government is a stable one, the currency is as well. The Costa Rican colon, also referred to as the CRC, is the official currency and one US Dollar is equal to 516.245 CRC. Both US Dollars and CRC are accepted widely throughout Costa Rica, as much as 90% of the establishments will accept the US dollar.
3. Taxes! Costa Rican taxes are considerably lower than that of which we are used to; in fact they are some of the lowest in the world. For example, the property tax is only .25%, and only income earned in Costa Rica is subject to income tax. Also, Costa Rica offers large amounts of income that can be deductible and is free from all taxing. That is a huge break compared to what most Americans are used to!
4. It's All About Location! If you're looking to invest in a vacation home, or moving to enjoy your retirement, you may find you are still traveling back to your home city for holidays or to visit friends and family. The following cities are a 3-5 hour flight away from Costa Rica: Miami, Houston, Atlanta, Dallas, Chicago, New York, Los Angeles, and Toronto.
Another great thing to love about Costa Rica is the eco-tourism that brings in more tourists every single year. Owning a beautiful home in the middle of this eco-friendly environment is a dream come true!
What is Eco-Tourism?
Eco-tourism, basically, is the purpose of traveling to a select destination for the natural areas you wish to visit there, and to understand the culture and natural history of that environment. An eco-tourist takes special care not to alter the ecosystem and instead tries to do things to better the preserve and make it a more enjoyable spot for those who visit. This is a very broad definition that encompasses a simple day trip to a wildlife preserve to a weeklong trip in the rainforest.
Costa Rica Takes Advantage
Eco-tourism is booming due to more and more people growing frustrated with the tourist traps of concrete hotel lined beaches and overcrowded amusement parks. And Costa Rica has definitely benefited! In 1998, Costa Rica had 943,000 tourist visitors while in 2000 they had an amazing 1,100,000! While many Third World nations are putting their efforts into rapid industrialization, Costa Rica has actually gone the other way and is dedicated to eco-tourism as the key to their economical development. Although the country is only about the size of West Virginia, the biodiversity is amazing; with scenic beaches, lush rain forest, impressive volcanoes, waterfalls and exotic wildlife.
The environment has greatly benefited from the increasing development of eco-tourism too. They have made great leaps and bounds since 1963 when their very first environmental protection reserve was created. Now there are 70 protected areas covering 21% of the nation's territory. While it did cause some locals to have to move and some industries shut down, it opened up an entirely new world of employment in the means of heavy increases in tourism.
It's easy to see why so many people are interested in investing in Costa Rica Real Estate! If you're considering Costa Rica wait no longer! The Time Is Now!
by Stacey Crevoiserat
Costa Rica is a simply beautiful place to visit, but imagine living there!! Your dream vacation could be your everyday life! Costa Rica real estate is a booming market at the moment and attracting a great deal of attention. If you're looking to buy a second home, move permanently, or retire somewhere tropical, Costa Rica is the place for you!
The following are a few reasons you should invest in Costa Rica Real Estate!
1. Stable Government Means Stable Investments! The Costa Rican government is a very stable one. They are a democratic republic with three branches and have enjoyed a peaceful democratic existence since 1949. The government sees the high value of tourism and encourages foreigners to visit and retire in Costa Rica. This stable government ensures that the money you invest in your real estate is a safe investment and will not lose value suddenly.
2. The Currency Is Stable, So Your Money Is Safe! Because the government is a stable one, the currency is as well. The Costa Rican colon, also referred to as the CRC, is the official currency and one US Dollar is equal to 516.245 CRC. Both US Dollars and CRC are accepted widely throughout Costa Rica, as much as 90% of the establishments will accept the US dollar.
3. Taxes! Costa Rican taxes are considerably lower than that of which we are used to; in fact they are some of the lowest in the world. For example, the property tax is only .25%, and only income earned in Costa Rica is subject to income tax. Also, Costa Rica offers large amounts of income that can be deductible and is free from all taxing. That is a huge break compared to what most Americans are used to!
4. It's All About Location! If you're looking to invest in a vacation home, or moving to enjoy your retirement, you may find you are still traveling back to your home city for holidays or to visit friends and family. The following cities are a 3-5 hour flight away from Costa Rica: Miami, Houston, Atlanta, Dallas, Chicago, New York, Los Angeles, and Toronto.
Another great thing to love about Costa Rica is the eco-tourism that brings in more tourists every single year. Owning a beautiful home in the middle of this eco-friendly environment is a dream come true!
What is Eco-Tourism?
Eco-tourism, basically, is the purpose of traveling to a select destination for the natural areas you wish to visit there, and to understand the culture and natural history of that environment. An eco-tourist takes special care not to alter the ecosystem and instead tries to do things to better the preserve and make it a more enjoyable spot for those who visit. This is a very broad definition that encompasses a simple day trip to a wildlife preserve to a weeklong trip in the rainforest.
Costa Rica Takes Advantage
Eco-tourism is booming due to more and more people growing frustrated with the tourist traps of concrete hotel lined beaches and overcrowded amusement parks. And Costa Rica has definitely benefited! In 1998, Costa Rica had 943,000 tourist visitors while in 2000 they had an amazing 1,100,000! While many Third World nations are putting their efforts into rapid industrialization, Costa Rica has actually gone the other way and is dedicated to eco-tourism as the key to their economical development. Although the country is only about the size of West Virginia, the biodiversity is amazing; with scenic beaches, lush rain forest, impressive volcanoes, waterfalls and exotic wildlife.
The environment has greatly benefited from the increasing development of eco-tourism too. They have made great leaps and bounds since 1963 when their very first environmental protection reserve was created. Now there are 70 protected areas covering 21% of the nation's territory. While it did cause some locals to have to move and some industries shut down, it opened up an entirely new world of employment in the means of heavy increases in tourism.
It's easy to see why so many people are interested in investing in Costa Rica Real Estate! If you're considering Costa Rica wait no longer! The Time Is Now!
Telluride Real Estate -- It's Not About Money
Telluride Real Estate -- It's Not About Money
by Ray Roark
Far from the bling bling of Aspen, the rustic mining town of Telluride, Colorado, is surrounded by majestic snow capped peaks, dramatic waterfalls, and sunsets of pink, turquoise, orange and blue. Sure you will find charming Victorian homes with all of the modern conveniences, condos on the river, and log mansions on the mountain, but the beauty, recreation, and sense of community inspires a reality check every day of your life in this enchanted town. And, of course, investing in Telluride real estate will increase your bottom line, but it's not about money and it's not for everyone. Those who will gain the most from their investment are those that seek a greater reward, those that appreciate life and living.
It's amazing how quickly priorities skew and values change. Whether you own Telluride real estate or just visit, the incredible natural beauty of the area seems to keep one's life in perspective with a daily consciousness of nature and universe. Living in a postcard is life in Telluride. The spectacular, 14,000 foot peaks, mountains swathed in golden aspens during the fall, roaming elk herds numbering in the hundreds are a few of many sources of personal motivation and creative inspiration. Looking at mountains instead of buildings provides a continuous connection with nature. Beautiful and extreme changes in weather keep nature a consideration and priority. Breathtaking geography and coexistence with deer, elk, beaver, bears, and coyotes are constant reminders of our participation in life and responsibility as caretakers of our environment. But most of all the dangers of geography, weather, and wildlife also bring a consciousness of death and a sense of personal responsibility that gives one the greatest appreciation for living.
Beyond just a place to live, owning Telluride real estate is also an opportunity to exercise mind and body as you enjoy 300 days of sunshine each year. Telluride, Colorado, offers unlimited activities, opportunities, challenges, and new experiences keeping one physically healthy and mentally happy. While Telluride residents and visitors will find access to skiing and snowboarding within a few feet of their front door, they can also hike a short distance to the sources of rivers, bike across the valley floor, or enjoy an outdoor summer music festival. And throughout the area they will find fly fishing mountain streams and lakes, camping at the edge of a 1000 foot cliff, soaking in natural hot springs, and horseback riding across a sunny mesa. Other recreation includes snowmobiling, rollerblading, mountain biking, touring ghost towns, sleigh rides, rock and ice climbing, hunting, golfing, ice skating, rafting, kayaking, snowshoeing, ice fishing, 4 wheeling, and Telluride is home to many musicians and artists.
Whether Telluride's 2000 residents arrived with a certain inner peace and appreciation for life or gain their insight by becoming a part of the community, it is apparent in those you meet on the street or encounter on the river trail. Buying Telluride real estate is joining an exclusive society where people say hello, rally to help a fellow resident in need, and genuinely care more about your happiness than the car you drive. Six by 12 blocks in size, walking is the main mode of transportation and socialization. Telluride also provides free bus transportation and a free 2 mile gondola ride to neighboring Mountain Village and the ski area. Although Telluride has an airport, the town is not easy to get to, and for this reason most everyone in Telluride wants to be in Telluride.
The residents of Telluride are a close, supportive group that operates below the radar to host tens of thousands of guests every year. As a visitor, resident or owner of Telluride real estate in this resort community, you also enjoy a number of benefits not found in most small towns, such as, quality dining, a festive atmosphere with nighttime activities and parties, as well as, a range of upscale personal services. But, the tolerant and non-judgmental attitude where every voice makes a difference is Telluride's greatest distinction from many other small towns. The bank tellers keep treats for your puppy, and the post office serves hot chocolate and rice krispie treats while you wait in line during the Christmas rush. The giving and kindness of the locals is infectious and the single most valuable asset included with each real estate property sale. Telluride is not cheap, but it's not about money. Telluride real estate is a lifestyle inspired by nature, fueled by healthy activity and preserved by the genuine spirit of the people.
by Ray Roark
Far from the bling bling of Aspen, the rustic mining town of Telluride, Colorado, is surrounded by majestic snow capped peaks, dramatic waterfalls, and sunsets of pink, turquoise, orange and blue. Sure you will find charming Victorian homes with all of the modern conveniences, condos on the river, and log mansions on the mountain, but the beauty, recreation, and sense of community inspires a reality check every day of your life in this enchanted town. And, of course, investing in Telluride real estate will increase your bottom line, but it's not about money and it's not for everyone. Those who will gain the most from their investment are those that seek a greater reward, those that appreciate life and living.
It's amazing how quickly priorities skew and values change. Whether you own Telluride real estate or just visit, the incredible natural beauty of the area seems to keep one's life in perspective with a daily consciousness of nature and universe. Living in a postcard is life in Telluride. The spectacular, 14,000 foot peaks, mountains swathed in golden aspens during the fall, roaming elk herds numbering in the hundreds are a few of many sources of personal motivation and creative inspiration. Looking at mountains instead of buildings provides a continuous connection with nature. Beautiful and extreme changes in weather keep nature a consideration and priority. Breathtaking geography and coexistence with deer, elk, beaver, bears, and coyotes are constant reminders of our participation in life and responsibility as caretakers of our environment. But most of all the dangers of geography, weather, and wildlife also bring a consciousness of death and a sense of personal responsibility that gives one the greatest appreciation for living.
Beyond just a place to live, owning Telluride real estate is also an opportunity to exercise mind and body as you enjoy 300 days of sunshine each year. Telluride, Colorado, offers unlimited activities, opportunities, challenges, and new experiences keeping one physically healthy and mentally happy. While Telluride residents and visitors will find access to skiing and snowboarding within a few feet of their front door, they can also hike a short distance to the sources of rivers, bike across the valley floor, or enjoy an outdoor summer music festival. And throughout the area they will find fly fishing mountain streams and lakes, camping at the edge of a 1000 foot cliff, soaking in natural hot springs, and horseback riding across a sunny mesa. Other recreation includes snowmobiling, rollerblading, mountain biking, touring ghost towns, sleigh rides, rock and ice climbing, hunting, golfing, ice skating, rafting, kayaking, snowshoeing, ice fishing, 4 wheeling, and Telluride is home to many musicians and artists.
Whether Telluride's 2000 residents arrived with a certain inner peace and appreciation for life or gain their insight by becoming a part of the community, it is apparent in those you meet on the street or encounter on the river trail. Buying Telluride real estate is joining an exclusive society where people say hello, rally to help a fellow resident in need, and genuinely care more about your happiness than the car you drive. Six by 12 blocks in size, walking is the main mode of transportation and socialization. Telluride also provides free bus transportation and a free 2 mile gondola ride to neighboring Mountain Village and the ski area. Although Telluride has an airport, the town is not easy to get to, and for this reason most everyone in Telluride wants to be in Telluride.
The residents of Telluride are a close, supportive group that operates below the radar to host tens of thousands of guests every year. As a visitor, resident or owner of Telluride real estate in this resort community, you also enjoy a number of benefits not found in most small towns, such as, quality dining, a festive atmosphere with nighttime activities and parties, as well as, a range of upscale personal services. But, the tolerant and non-judgmental attitude where every voice makes a difference is Telluride's greatest distinction from many other small towns. The bank tellers keep treats for your puppy, and the post office serves hot chocolate and rice krispie treats while you wait in line during the Christmas rush. The giving and kindness of the locals is infectious and the single most valuable asset included with each real estate property sale. Telluride is not cheap, but it's not about money. Telluride real estate is a lifestyle inspired by nature, fueled by healthy activity and preserved by the genuine spirit of the people.
Real Estate Expansion in Costa Rica
Real Estate Expansion in Costa Rica
by Hamza Davis
Costa Rica is over 32, 000 miles of beautiful and immense mountains, low valleys, tropical rain forests and other natural resources. The Costa Rican government would like people to invest in Costa Rica. Buying real estate in Costa Rica isn't formidable. The government is doing everything that it can to intrigue investors so that the economy can remain strong. Recently, real estate in Costa Rica has proven to be a steadily growing commodity. This is undoubtedly due to the fact that Costa Rican officials constantly offer irresistible incentives to buyers investing in Costa Rica real estate along the coast as well as inland real estate in Costa Rica. While developing Costa Rica real estate is a focus to improve commerce in the nation, government officials have put various measures in place to insure that the country's beaches, rainforests, and other exotic elements indigenous to the region are preserved.
Costa Rica is the most technologically advanced country in all of Latin America! Exorbitant speed internet, cable and satellite television, cell phone service, air conditioning, sanitized running water, contemporary household appliances, and raw materials for building are all usable in Costa Rica. All the neoteric amenities needed for traditional and advanced medical care is also applicable. Life in Costa Rica is enjoyable for everyone because the cost of living is so very affordable. Professional services such as prescribed advice, accounting assistance, non resident medical care are provided at a fraction of the cost found in the United States and Europe.
Agile Marketing Solutions is pleased to nurture a private gated resort community located just south of the beaches of Nosara, Guanacaste Costa Rica. This is the introductory privately managed development in the region to feature a resort, vacation homes, villas, bar/restaurant, and a professional center all with 24 hour security. Due to the extraordinary demand, we will be building six more luxury condos beginning January 2008. We are looking for interested groups to invest in this amazing opportunity! La Pura Vida!
by Hamza Davis
Costa Rica is over 32, 000 miles of beautiful and immense mountains, low valleys, tropical rain forests and other natural resources. The Costa Rican government would like people to invest in Costa Rica. Buying real estate in Costa Rica isn't formidable. The government is doing everything that it can to intrigue investors so that the economy can remain strong. Recently, real estate in Costa Rica has proven to be a steadily growing commodity. This is undoubtedly due to the fact that Costa Rican officials constantly offer irresistible incentives to buyers investing in Costa Rica real estate along the coast as well as inland real estate in Costa Rica. While developing Costa Rica real estate is a focus to improve commerce in the nation, government officials have put various measures in place to insure that the country's beaches, rainforests, and other exotic elements indigenous to the region are preserved.
Costa Rica is the most technologically advanced country in all of Latin America! Exorbitant speed internet, cable and satellite television, cell phone service, air conditioning, sanitized running water, contemporary household appliances, and raw materials for building are all usable in Costa Rica. All the neoteric amenities needed for traditional and advanced medical care is also applicable. Life in Costa Rica is enjoyable for everyone because the cost of living is so very affordable. Professional services such as prescribed advice, accounting assistance, non resident medical care are provided at a fraction of the cost found in the United States and Europe.
Agile Marketing Solutions is pleased to nurture a private gated resort community located just south of the beaches of Nosara, Guanacaste Costa Rica. This is the introductory privately managed development in the region to feature a resort, vacation homes, villas, bar/restaurant, and a professional center all with 24 hour security. Due to the extraordinary demand, we will be building six more luxury condos beginning January 2008. We are looking for interested groups to invest in this amazing opportunity! La Pura Vida!
วันจันทร์ที่ 14 มกราคม พ.ศ. 2551
La Jolla Real Estate Offers Housing At Its Finest
La Jolla Real Estate Offers Housing At Its Finest
by J Harris
One of the most affluent communities in the country, the La Jolla real estate area offers a mixture of sophisticated charm with the carefree attitude of Southern California. La Jolla real estate is located only 15 minutes from downtown San Diego, and boasts gorgeous scenery, deluxe accommodations, and abundant recreational opportunities. Home to the nation's wealthiest and most prestigious individuals, La Jolla real estate offers the kind of extravagance that most of us rarely encountered.
Seaside Beauty Encompasses La Jolla Real Estate
Deemed the "jewel" of San Diego by residents, the La Jolla real estate area is encircled by immeasurable coastal beauty only found along the coastline of Southern California. Surrounded by magnificent beaches, towering palm trees, and breathtaking ocean views, La Jolla real estate offers the absolute best that the Northern San Diego area has to offer.
La Jolla real estate is blessed with an ideal climate, with temperatures only topping a pleasant 75 degrees in the summer months, and temperatures only dropping to 50 degrees in the winter time. This desirable climate allows residents of La Jolla real estate to enjoy the beauty of the outdoors all year long. Golfers, swimmers, surfers and fisherman can take advantage of the perfect La Jolla weather throughout the year.
La Jolla Real Estate Filled with Luxurious Accommodations
La Jolla real estate offers numerous housing options available for almost any accommodation. The La Jolla area differs from most modern suburbs in the fact that most of its housing is custom built, opposed to the usual manufactured and tract housing. Ranch houses, bungalows, condominiums and townhouses, in addition to mansions and estates, compose the majority of La Jolla real estate.
La Jolla real estate is some of the most sought after, as well as, the most expensive in all of the United States. Average La Jolla real estate prices range from $900,000 to more than $12 million. With breathtaking views, dazzling beaches, and a myriad of entertainment and recreation options throughout the area, many consider this a small price to pay for the opportunity to own real estate in the esteemed La Jolla community.
Various Recreational Options Surround La Jolla Real Estate
The La Jolla real estate area is notorious for its outstanding availability of recreation and entertainment activities. La Jolla Cove is a favorite of residents and vacationers alike because of its crystal clear, calm waters. Those who enjoy snorkeling, swimming, or scuba diving are drawn to the Cove, and consider it an ideal place for aquatic activities. Located in the shopping and dining district of La Jolla, Prospect Street offers everything from the latest fashion trends, to works by world renowned artists. Shops, boutiques, restaurants and art galleries line this famed street, and present the best of the areas offerings. The La Jolla real estate community is celebrated for its culture and surroundings, and remains one of the finest areas in all of Southern California.
by J Harris
One of the most affluent communities in the country, the La Jolla real estate area offers a mixture of sophisticated charm with the carefree attitude of Southern California. La Jolla real estate is located only 15 minutes from downtown San Diego, and boasts gorgeous scenery, deluxe accommodations, and abundant recreational opportunities. Home to the nation's wealthiest and most prestigious individuals, La Jolla real estate offers the kind of extravagance that most of us rarely encountered.
Seaside Beauty Encompasses La Jolla Real Estate
Deemed the "jewel" of San Diego by residents, the La Jolla real estate area is encircled by immeasurable coastal beauty only found along the coastline of Southern California. Surrounded by magnificent beaches, towering palm trees, and breathtaking ocean views, La Jolla real estate offers the absolute best that the Northern San Diego area has to offer.
La Jolla real estate is blessed with an ideal climate, with temperatures only topping a pleasant 75 degrees in the summer months, and temperatures only dropping to 50 degrees in the winter time. This desirable climate allows residents of La Jolla real estate to enjoy the beauty of the outdoors all year long. Golfers, swimmers, surfers and fisherman can take advantage of the perfect La Jolla weather throughout the year.
La Jolla Real Estate Filled with Luxurious Accommodations
La Jolla real estate offers numerous housing options available for almost any accommodation. The La Jolla area differs from most modern suburbs in the fact that most of its housing is custom built, opposed to the usual manufactured and tract housing. Ranch houses, bungalows, condominiums and townhouses, in addition to mansions and estates, compose the majority of La Jolla real estate.
La Jolla real estate is some of the most sought after, as well as, the most expensive in all of the United States. Average La Jolla real estate prices range from $900,000 to more than $12 million. With breathtaking views, dazzling beaches, and a myriad of entertainment and recreation options throughout the area, many consider this a small price to pay for the opportunity to own real estate in the esteemed La Jolla community.
Various Recreational Options Surround La Jolla Real Estate
The La Jolla real estate area is notorious for its outstanding availability of recreation and entertainment activities. La Jolla Cove is a favorite of residents and vacationers alike because of its crystal clear, calm waters. Those who enjoy snorkeling, swimming, or scuba diving are drawn to the Cove, and consider it an ideal place for aquatic activities. Located in the shopping and dining district of La Jolla, Prospect Street offers everything from the latest fashion trends, to works by world renowned artists. Shops, boutiques, restaurants and art galleries line this famed street, and present the best of the areas offerings. The La Jolla real estate community is celebrated for its culture and surroundings, and remains one of the finest areas in all of Southern California.
Real Estate Investing Mistakes To Avoid
Real Estate Investing Mistakes To Avoid
by Jonas Jonsson
You've no doubt seen them or read them. Glossy ads or four-color spreads in magazines and newspapers promising to teach you all the juicy details about successful real estate investing. And all you have to do to learn all these real estate investing secrets is to pay a rather high sum for a one-or two-day seminar.
Often these slick real estate investing seminars claim that you can make smart, profitable real estate investments with absolutely no money down (except, of course, the hefty fee you pay for the seminar). Now, how appealing is that? Make a profit from real estate investments you made with no money. Possible? Not likely.
Successful real estate investment requires cash flow. That's the nature of any type of business or investment, especially real estate investing. You put your money into something that you hope and plan will make you more money.
Unfortunately too few newbies to the world of real estate investing think that it's a magical type of business where standard business rules don't apply. Simply put, if you want to stay in real estate investing for more than, say, a day or two, then you're going to have to come up with money to use and invest.
While it may be true that buying real estate with no money down is easy, anyone who's even made a basic real estate investment (like buying their own home) knows there's much more involved in real estate investing that can cost you money. For example, what about any necessary repairs?
So, the number one rule people new to real estate investing should remember is to have available cash reserves. Before you decide to actually do any real estate investing, save some money. Having a little money in the bank when you start real estate investing can help you make more profitable real estate investments in rental properties, for example.
When real estate investing in rental properties, you'll want to be able to select only qualified tenants. If you have no cash flow when real estate investing in rental properties, you might be pressured to take in a less qualified tenant because you need somebody to pay you money so that you can take care of repairs or lawyer fees.
For any type of real estate investing, meaning rental properties or properties you buy to resell, having cash reserved can allow you to ask for a higher price. You can ask for a higher price from your real estate investment because you won't feel financially strapped as you wait for an offer. You won't be backed into a corner and forced to accept just any offer because you desperately need the money.
Another downfall of many new to real estate investing is, well, greed. Make a profit, yes, but don't become so greedy that you ask for ridiculous rental or resale rates on any of your real estate investments.
Those new to real estate investing need to see real estate investing as a business, NOT a hobby. Don't think that real estate investing is going to make you rich overnight. What business does?
It takes about six months to determine if real estate investing in for you. If you've decided that, hey I love this, then give yourself a few years to really start making money. It usually takes at least five years to become truly successful in real estate investing.
Persistence is the key to success in real estate investing. If you've decided that real estate investing is for you, keep plugging away at it and the rewards will be greater than you imagined.
by Jonas Jonsson
You've no doubt seen them or read them. Glossy ads or four-color spreads in magazines and newspapers promising to teach you all the juicy details about successful real estate investing. And all you have to do to learn all these real estate investing secrets is to pay a rather high sum for a one-or two-day seminar.
Often these slick real estate investing seminars claim that you can make smart, profitable real estate investments with absolutely no money down (except, of course, the hefty fee you pay for the seminar). Now, how appealing is that? Make a profit from real estate investments you made with no money. Possible? Not likely.
Successful real estate investment requires cash flow. That's the nature of any type of business or investment, especially real estate investing. You put your money into something that you hope and plan will make you more money.
Unfortunately too few newbies to the world of real estate investing think that it's a magical type of business where standard business rules don't apply. Simply put, if you want to stay in real estate investing for more than, say, a day or two, then you're going to have to come up with money to use and invest.
While it may be true that buying real estate with no money down is easy, anyone who's even made a basic real estate investment (like buying their own home) knows there's much more involved in real estate investing that can cost you money. For example, what about any necessary repairs?
So, the number one rule people new to real estate investing should remember is to have available cash reserves. Before you decide to actually do any real estate investing, save some money. Having a little money in the bank when you start real estate investing can help you make more profitable real estate investments in rental properties, for example.
When real estate investing in rental properties, you'll want to be able to select only qualified tenants. If you have no cash flow when real estate investing in rental properties, you might be pressured to take in a less qualified tenant because you need somebody to pay you money so that you can take care of repairs or lawyer fees.
For any type of real estate investing, meaning rental properties or properties you buy to resell, having cash reserved can allow you to ask for a higher price. You can ask for a higher price from your real estate investment because you won't feel financially strapped as you wait for an offer. You won't be backed into a corner and forced to accept just any offer because you desperately need the money.
Another downfall of many new to real estate investing is, well, greed. Make a profit, yes, but don't become so greedy that you ask for ridiculous rental or resale rates on any of your real estate investments.
Those new to real estate investing need to see real estate investing as a business, NOT a hobby. Don't think that real estate investing is going to make you rich overnight. What business does?
It takes about six months to determine if real estate investing in for you. If you've decided that, hey I love this, then give yourself a few years to really start making money. It usually takes at least five years to become truly successful in real estate investing.
Persistence is the key to success in real estate investing. If you've decided that real estate investing is for you, keep plugging away at it and the rewards will be greater than you imagined.
Real Estate California-Changing Scenario
Real Estate California-Changing Scenario
by Richard Brazil
CHANGING PATTERN OF CALIFORNIA REAL ESTATE
California has one of the world's largest and most diverse economies. Additionally, demographics in California are changing rapidly. These changing demographics affect the economy - specifically regarding business and land use for the coming years. Changes in age, ethnicity and income patterns can impact the development of projects, investment ventures and local real estate communities.
In California, the real estate investment market is in flux, creating opportunities for the swift real estate investors. While the traditional residential real estate market is in doldrums, there are sectors that will double and perhaps quadruple in the next ten years. Smart investors are taking advantage of the real estate market and accumulating properties in promising sectors. Real estate always poses a challenging aspect of investment. Smart investors have a substantial portion of their portfolios in real estate.
Residential real estate may fall in price rapidly because of two reasons.
1. The huge number of properties owned by individual families calls for lower valuation during stagflation or deflation. 2. The number of homes for sale, out numbers the number of buyers who want to buy them. 3. The property taxes are escalating.
If the budget deficit is out of control; there is always a tendency for property taxes to rise.
The farmlands currently present tremendous opportunities. These lands enjoy lower property taxes. The debt on these holdings is far less. It is time to accumulate farmlands and adjoining properties.
The year 2007 in California has been a year of change. Property sales volume is down, while in some areas (Los Angeles County) prices continue to climb.
Loan products are starting to disappear. Many mainstream lenders are tightening there standards for the 100% loan programs. Some lenders are eliminating low or Zero down payment programs all together.
Real Estate Agents too have thinned out in the market, as the sales volume decreases. There is a tendency towards Brokerage merging.
Now buyers and sellers are redefining the real estate dance, if you will. According to the National Association of Realtors (2006 Annual Survey) 80% of home buyers started their home search online. Despite the consumer's choice to seek out initial information online, buyers and sellers still employ the services of real estate professionals, to execute transactional details and complete the process.
by Richard Brazil
CHANGING PATTERN OF CALIFORNIA REAL ESTATE
California has one of the world's largest and most diverse economies. Additionally, demographics in California are changing rapidly. These changing demographics affect the economy - specifically regarding business and land use for the coming years. Changes in age, ethnicity and income patterns can impact the development of projects, investment ventures and local real estate communities.
In California, the real estate investment market is in flux, creating opportunities for the swift real estate investors. While the traditional residential real estate market is in doldrums, there are sectors that will double and perhaps quadruple in the next ten years. Smart investors are taking advantage of the real estate market and accumulating properties in promising sectors. Real estate always poses a challenging aspect of investment. Smart investors have a substantial portion of their portfolios in real estate.
Residential real estate may fall in price rapidly because of two reasons.
1. The huge number of properties owned by individual families calls for lower valuation during stagflation or deflation. 2. The number of homes for sale, out numbers the number of buyers who want to buy them. 3. The property taxes are escalating.
If the budget deficit is out of control; there is always a tendency for property taxes to rise.
The farmlands currently present tremendous opportunities. These lands enjoy lower property taxes. The debt on these holdings is far less. It is time to accumulate farmlands and adjoining properties.
The year 2007 in California has been a year of change. Property sales volume is down, while in some areas (Los Angeles County) prices continue to climb.
Loan products are starting to disappear. Many mainstream lenders are tightening there standards for the 100% loan programs. Some lenders are eliminating low or Zero down payment programs all together.
Real Estate Agents too have thinned out in the market, as the sales volume decreases. There is a tendency towards Brokerage merging.
Now buyers and sellers are redefining the real estate dance, if you will. According to the National Association of Realtors (2006 Annual Survey) 80% of home buyers started their home search online. Despite the consumer's choice to seek out initial information online, buyers and sellers still employ the services of real estate professionals, to execute transactional details and complete the process.
The Real Estate Short Sale - Key Investment Opportunity for 2008
The Real Estate Short Sale - Key Investment Opportunity for 2008
by Brandon Cornett
The real estate foreclosure explosion continues to wreak its havoc upon consumers and corporations alike.
On the consumer side, we are seeing tighter restrictions on mortgage lending, which makes it harder to obtain a mortgage loan. This is one of the reasons I keep chiming in about keeping a good credit score ... it is the most important thing consumers can do when facing the financial uncertainty we are now facing.
On the corporate side, many of the same lending institutions that got us into this mess (by loaning money to people who had no business taking on a mortgage loan), have suffered meltdowns all their own. According to their website, Ameriquest is no longer accepting applications for home loans. And Bank of America recently announced it will buy Countrywide.
Goodbye subprime lending industry.
But isn't there any good news within all of this?
Sure, if you're a real estate investor with ready access to financing. As the number of home foreclosures rise, so too do the number of real estate short sales and auctions -- both prime investment opportunities for purchasing a home below market value.
By way of definition, a "short sale" is a real estate sale where the sale price is less than what the seller still owes to the lender (via the mortgage loan).
In other words, the seller will sell the home for less than what he or she owes to the lender, and the lender will agree to accept this amount from the homeowner and "forgive" the remainder still owed. That is the basic definition of a short sale in real estate terms.
Believe it or not, mortgage lenders do not want to foreclose on homes. It's a hassle for them. They are in the business of lending money -- not managing, marketing and selling properties. So the lender will often allow the seller to pursue a short sale just to get the property off their hands, and off their books.
Normally, the seller will work with a real estate agent who specializes in short sale techniques ... somebody who can get the word out quickly about the great investment opportunity, and thus sell the home much faster than through traditional sales methods.
So if you're a buyer looking for an opportunity to buy a home for less than market value, tracking short sales could be the method for you.
Tracking Short Sales and Foreclosures
In the previous paragraph, the word "tracking" probably caught your eye. Obviously, you have to know about homes entering the foreclosure process so that you can evaluate them from an investment standpoint. Thus you must track short sales and foreclosures in your area.
Currently, there are about a dozen web-based services that can help you track foreclosures and short sales anywhere in the United States. Basically, you sign up for the service, enter your target search area (city or cities), and the service will send you email notifications about foreclosures.
If you plan to use one of these services, I recommend you conduct a free trial with two or three of the leading providers, to see which one you like best.
by Brandon Cornett
The real estate foreclosure explosion continues to wreak its havoc upon consumers and corporations alike.
On the consumer side, we are seeing tighter restrictions on mortgage lending, which makes it harder to obtain a mortgage loan. This is one of the reasons I keep chiming in about keeping a good credit score ... it is the most important thing consumers can do when facing the financial uncertainty we are now facing.
On the corporate side, many of the same lending institutions that got us into this mess (by loaning money to people who had no business taking on a mortgage loan), have suffered meltdowns all their own. According to their website, Ameriquest is no longer accepting applications for home loans. And Bank of America recently announced it will buy Countrywide.
Goodbye subprime lending industry.
But isn't there any good news within all of this?
Sure, if you're a real estate investor with ready access to financing. As the number of home foreclosures rise, so too do the number of real estate short sales and auctions -- both prime investment opportunities for purchasing a home below market value.
By way of definition, a "short sale" is a real estate sale where the sale price is less than what the seller still owes to the lender (via the mortgage loan).
In other words, the seller will sell the home for less than what he or she owes to the lender, and the lender will agree to accept this amount from the homeowner and "forgive" the remainder still owed. That is the basic definition of a short sale in real estate terms.
Believe it or not, mortgage lenders do not want to foreclose on homes. It's a hassle for them. They are in the business of lending money -- not managing, marketing and selling properties. So the lender will often allow the seller to pursue a short sale just to get the property off their hands, and off their books.
Normally, the seller will work with a real estate agent who specializes in short sale techniques ... somebody who can get the word out quickly about the great investment opportunity, and thus sell the home much faster than through traditional sales methods.
So if you're a buyer looking for an opportunity to buy a home for less than market value, tracking short sales could be the method for you.
Tracking Short Sales and Foreclosures
In the previous paragraph, the word "tracking" probably caught your eye. Obviously, you have to know about homes entering the foreclosure process so that you can evaluate them from an investment standpoint. Thus you must track short sales and foreclosures in your area.
Currently, there are about a dozen web-based services that can help you track foreclosures and short sales anywhere in the United States. Basically, you sign up for the service, enter your target search area (city or cities), and the service will send you email notifications about foreclosures.
If you plan to use one of these services, I recommend you conduct a free trial with two or three of the leading providers, to see which one you like best.
วันศุกร์ที่ 11 มกราคม พ.ศ. 2551
Real Estate Agents In Houston - A Thriving Market
Real Estate Agents In Houston - A Thriving Market
by Chris Crompton
Although most areas of the country have seen serious recessions in the housing market, Texas cities have continued to show gains in housing sales. In fact, real estate brokers in Houston have to work hard at finding homes to meet the growing need for both new housing and employee relocations.
Houston is home to many huge industries and manufacturing facilities, so the real estate agents in Houston have had a lot of experience helping corporate executives and their families find housing in the Houston area. It is beneficial to people who are new to the area, because real estate agents in Houston can give you advice to help you make the right decisions about the area where you choose to settle.
New developments are being constructed all over the greater Houston metropolitan area. The large increase in population is straining the capacity of roads and highways so it is important to consider how traffic will impact commuting time to your workplace when choosing where to live. A good real estate agent can help you make this determination and still find a neighborhood with the amenities you need.
Houston is full of luxury housing options. Whether you want a sprawling mansion in a gated community, a luxury villa, or a downtown penthouse condo, a real estate agent in Houston can help you find it. Agents will help discriminating buyers, like yourself, find your dream residence in one of the most exclusive neighborhoods in Houston.
Brokers have experience in the farming community as well. Surrounding the urban area of Houston are the pastoral scenes of large ranches and small farms. Ranch sales are an important aspect of the agents' job. Brokers can help both veteran rancher and gentleman farmer find the perfect plot of land to suit his or her needs.
Money is flowing in the city of Houston. That means the property professionals there are busier than ever. People are moving to the region, and those already there are often looking to upgrade their home address. Despite the increase in traffic, it is not difficult to locate a quality individual to help you find the perfect place to live. They will schedule a meeting, determine the dollars you can spend, and what is negotiable for you in your dwelling. Once completed, they will then search for just the right place that you can call home for years to come.
by Chris Crompton
Although most areas of the country have seen serious recessions in the housing market, Texas cities have continued to show gains in housing sales. In fact, real estate brokers in Houston have to work hard at finding homes to meet the growing need for both new housing and employee relocations.
Houston is home to many huge industries and manufacturing facilities, so the real estate agents in Houston have had a lot of experience helping corporate executives and their families find housing in the Houston area. It is beneficial to people who are new to the area, because real estate agents in Houston can give you advice to help you make the right decisions about the area where you choose to settle.
New developments are being constructed all over the greater Houston metropolitan area. The large increase in population is straining the capacity of roads and highways so it is important to consider how traffic will impact commuting time to your workplace when choosing where to live. A good real estate agent can help you make this determination and still find a neighborhood with the amenities you need.
Houston is full of luxury housing options. Whether you want a sprawling mansion in a gated community, a luxury villa, or a downtown penthouse condo, a real estate agent in Houston can help you find it. Agents will help discriminating buyers, like yourself, find your dream residence in one of the most exclusive neighborhoods in Houston.
Brokers have experience in the farming community as well. Surrounding the urban area of Houston are the pastoral scenes of large ranches and small farms. Ranch sales are an important aspect of the agents' job. Brokers can help both veteran rancher and gentleman farmer find the perfect plot of land to suit his or her needs.
Money is flowing in the city of Houston. That means the property professionals there are busier than ever. People are moving to the region, and those already there are often looking to upgrade their home address. Despite the increase in traffic, it is not difficult to locate a quality individual to help you find the perfect place to live. They will schedule a meeting, determine the dollars you can spend, and what is negotiable for you in your dwelling. Once completed, they will then search for just the right place that you can call home for years to come.
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