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.
Monday, March 30, 2009
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.
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.
Lake Travis TX Real Estate
Lake Travis TX Real Estate
by Curtis Reddehase
Lake Travis is a man made lake getting its water from the Colorado River via Mansfield Dam. The construction of Mansfield Dam started in 1936. Lake Travis is over 63 miles long and its maximum width is 4.5 miles. The lake encompasses close to 19,000 acres. With this much room you can enjoy many different aspects of water sports, homes, restaurants, 11 county parks some with camping areas, water parks and hiking trails. Lake Travis is a short drive to downtown Austin with many communities and towns surrounding this beautiful lake.
Lakeway, TX is located on the eastern part of the lake with home prices ranging from the mid-$180,000 to well over $3,000,000. The Lakeway area has many amenities to offer its homeowners including a tennis club, marinas, golf clubs, swim center, many local retail centers, grocery stores and restaurants. Lakeway is home to the Lakeway Resort and Spa. The school district is Lake Travis ISD.
Bee Cave, TX, just a few years ago, had a population of just over 200. With the growth heading toward the Hill Country it now boasts over 700 residents. Not only has its population expanded but it now has the Hill Country Galleria with over 1,000,000 square feet of retail, municipal, and residential space. Across Hwy 71 is also a great shopping center, the Shops at the Galleria that has over 500,000 square feet of retail space. Several other businesses make Bee Cave a unique area including The Backyard, which has two outdoor venues for live music. This popular Austin music spot has hosted numerous musicians including David Bowie, Willie Nelson, Sheryl Crow, Widespread Panic and many other national and local acts. Homes in Bee Cave range from $300,000 to over $2,000,000. Lake Travis ISD is the school district for the Bee Caves area.
Traveling west past Bee Cave your next town will be Spicewood, TX. Spicewood is home to many wineries, restaurants, natural springs, and recreation parks with one including a canopy tour where you can zip thru the trees! Several communities are located conveniently on Lake Travis with marinas, lake access and golf courses. Homes in Spicewood range from $100,000 to $13,000,000. There are four school districts within the Spicewood area: Lake Travis ISD, Marble Falls ISD, Dripping Springs ISD and Johnson City ISD
Briarcliff, Texas is also located on the Southwestern side of Lake Travis. Briarcliff has a community center, tennis courts, golf course, marina and park area with a play ground, basketball courts, pavilion and picnic area. Homes range from $120,000 to $1,600,000 and are in the Lake Travis ISD.
On the North side of Lake Travis you have the City of LagoVista, TX. This area is abundant with many attractions including boating, fishing, golfing and many parks for hiking, biking and family recreation. Homes in Lago Vista range from $98,000 to over $5,000,000. The school district is Lago Vista ISD.
Point Venture, TX is located on the north shore of Lake Travis. Amenities include a fifty acre water front park with three boat ramps including tennis courts, marina, restaurants, and golf course. Lago Vista ISD is the school district. Homes range from $100,000 to $900,000.
by Curtis Reddehase
Lake Travis is a man made lake getting its water from the Colorado River via Mansfield Dam. The construction of Mansfield Dam started in 1936. Lake Travis is over 63 miles long and its maximum width is 4.5 miles. The lake encompasses close to 19,000 acres. With this much room you can enjoy many different aspects of water sports, homes, restaurants, 11 county parks some with camping areas, water parks and hiking trails. Lake Travis is a short drive to downtown Austin with many communities and towns surrounding this beautiful lake.
Lakeway, TX is located on the eastern part of the lake with home prices ranging from the mid-$180,000 to well over $3,000,000. The Lakeway area has many amenities to offer its homeowners including a tennis club, marinas, golf clubs, swim center, many local retail centers, grocery stores and restaurants. Lakeway is home to the Lakeway Resort and Spa. The school district is Lake Travis ISD.
Bee Cave, TX, just a few years ago, had a population of just over 200. With the growth heading toward the Hill Country it now boasts over 700 residents. Not only has its population expanded but it now has the Hill Country Galleria with over 1,000,000 square feet of retail, municipal, and residential space. Across Hwy 71 is also a great shopping center, the Shops at the Galleria that has over 500,000 square feet of retail space. Several other businesses make Bee Cave a unique area including The Backyard, which has two outdoor venues for live music. This popular Austin music spot has hosted numerous musicians including David Bowie, Willie Nelson, Sheryl Crow, Widespread Panic and many other national and local acts. Homes in Bee Cave range from $300,000 to over $2,000,000. Lake Travis ISD is the school district for the Bee Caves area.
Traveling west past Bee Cave your next town will be Spicewood, TX. Spicewood is home to many wineries, restaurants, natural springs, and recreation parks with one including a canopy tour where you can zip thru the trees! Several communities are located conveniently on Lake Travis with marinas, lake access and golf courses. Homes in Spicewood range from $100,000 to $13,000,000. There are four school districts within the Spicewood area: Lake Travis ISD, Marble Falls ISD, Dripping Springs ISD and Johnson City ISD
Briarcliff, Texas is also located on the Southwestern side of Lake Travis. Briarcliff has a community center, tennis courts, golf course, marina and park area with a play ground, basketball courts, pavilion and picnic area. Homes range from $120,000 to $1,600,000 and are in the Lake Travis ISD.
On the North side of Lake Travis you have the City of LagoVista, TX. This area is abundant with many attractions including boating, fishing, golfing and many parks for hiking, biking and family recreation. Homes in Lago Vista range from $98,000 to over $5,000,000. The school district is Lago Vista ISD.
Point Venture, TX is located on the north shore of Lake Travis. Amenities include a fifty acre water front park with three boat ramps including tennis courts, marina, restaurants, and golf course. Lago Vista ISD is the school district. Homes range from $100,000 to $900,000.
Tips On Investing Into The Miami Real Estate Sector
Tips On Investing Into The Miami Real Estate Sector
by Vanessa Doctor
Miami has become a hot spot for tourists as well as a place for retirement for the older generation. Well, with its warm environment and pristine beaches lining up the coast, who would not want to? This is also why the demand for Miami real estate is constantly on the rise.
Investing in Miami real estate is a very lucrative move to make money nowadays. Unfortunately, just like any other business, the real estate business too can be very risky especially if you are not knowledgeable when it comes to these things.
When going into the real estate business you need to have the proper preparation. You do not just go to the market and invest in a property when you feel like it. Doing it is just like throwing your money down the drain. But with the right mindset and the willingness to learn, you can acquire a real estate in Miami that is worthy of the title "investment."
Tip # 1: Gather Information
The basics of investing in real estate can be acquired from books. As a start you can read books about real estate and investing. There are a lot of these books in your local library. Give yourself some time to understand how the real estate business works.
Now that you have the basic knowledge it is time to gather information about the place where you want to invest which in this case is Miami real estate. Although books can give you good information about a place, it sometimes will not suffice since everything in the real estate market can change in the blink of an eye. The best way to go through with this is to find a person who can show you the ropes - a mentor if you will. But it is always good to take some precautions because there will be people who will want to take advantage of you.
Tip # 2: Build A Network of Contacts
In the real estate business, it is very important to have a network of contacts. You can easily have a good start if you have access on the internet. There are many forums and discussion boards that you can join. These are communities online that can help you reach your goal.
Other than online communities, another way of expanding your network is to join seminars especially those that are related to Miami real estate.
Again, just like when choosing a mentor, you have to be cautious of who to trust. It is a jungle out there and this can sometimes be a game of hunter and prey. And in your situation, you are a prey that hunters would like to take down.
Tip # 3: Ask Questions
People sometimes are afraid to speak their mind and are embarrassed to ask questions. Remember, that there is a possibility that you can lose a big amount of money if you are not careful. So do not be afraid nor be embarrassed to speak your mind off and inquire.
For example, if you want to invest on a Miami real estate that is to be sold, do not be afraid to ask questions like "Why is the owner selling it?" Because it might be that the property has certain negative aspects that you are not aware of. So before investing anything, inquire and ask questions.
by Vanessa Doctor
Miami has become a hot spot for tourists as well as a place for retirement for the older generation. Well, with its warm environment and pristine beaches lining up the coast, who would not want to? This is also why the demand for Miami real estate is constantly on the rise.
Investing in Miami real estate is a very lucrative move to make money nowadays. Unfortunately, just like any other business, the real estate business too can be very risky especially if you are not knowledgeable when it comes to these things.
When going into the real estate business you need to have the proper preparation. You do not just go to the market and invest in a property when you feel like it. Doing it is just like throwing your money down the drain. But with the right mindset and the willingness to learn, you can acquire a real estate in Miami that is worthy of the title "investment."
Tip # 1: Gather Information
The basics of investing in real estate can be acquired from books. As a start you can read books about real estate and investing. There are a lot of these books in your local library. Give yourself some time to understand how the real estate business works.
Now that you have the basic knowledge it is time to gather information about the place where you want to invest which in this case is Miami real estate. Although books can give you good information about a place, it sometimes will not suffice since everything in the real estate market can change in the blink of an eye. The best way to go through with this is to find a person who can show you the ropes - a mentor if you will. But it is always good to take some precautions because there will be people who will want to take advantage of you.
Tip # 2: Build A Network of Contacts
In the real estate business, it is very important to have a network of contacts. You can easily have a good start if you have access on the internet. There are many forums and discussion boards that you can join. These are communities online that can help you reach your goal.
Other than online communities, another way of expanding your network is to join seminars especially those that are related to Miami real estate.
Again, just like when choosing a mentor, you have to be cautious of who to trust. It is a jungle out there and this can sometimes be a game of hunter and prey. And in your situation, you are a prey that hunters would like to take down.
Tip # 3: Ask Questions
People sometimes are afraid to speak their mind and are embarrassed to ask questions. Remember, that there is a possibility that you can lose a big amount of money if you are not careful. So do not be afraid nor be embarrassed to speak your mind off and inquire.
For example, if you want to invest on a Miami real estate that is to be sold, do not be afraid to ask questions like "Why is the owner selling it?" Because it might be that the property has certain negative aspects that you are not aware of. So before investing anything, inquire and ask questions.
Tuesday, March 24, 2009
Marketing for Real Estate Entrepreneur
Marketing for Real Estate Entrepreneur
by jeffadams
If you are a budding real estate investor, then you need to learn about today's world of marketing which is very much necessary to get the right deals. Most real estate investors haven't understood the importance of having a market plan. Many investors think that, placing an Ad in a local newspaper will make the deal fall on his lap! Here the saddest part is that even after lot of trainings, less than 1% of real estate investors have marketing plans. The important thing about marketing is to include your marketing plans into your business. You need to remember that, marketing plans will get you concrete results and great success.
Marketing plans has numerous advantages and it can rope in hundreds of deals for you! It actually allows you to clarify exactly what you need to achieve in the coming days. It also allows you to map out all your activities which you needed to accomplish your plans and reach your goals. Marketing plans lets you to set deadlines, to hold others accountable so everything in completed. It makes you free to concentrate on the higher payoff activities, which will offer you with greater deals. There are so many people who fail in real estate investing due to a simple reason; they don't have any sort of marketing plans or goals. It very necessary to include detailed plans along with your goals which will help you to accomplish what you want, without facing any kinds of hurdles.
Never be vague, it constantly makes you confused and it becomes a hindrance for your goal. Never think of becoming rich or a billionaire overnight without proper planning or including marketing plans into your business. Here are some useful tips, which you need to include into your marketing plans. Have a goal for your total net income, but make sure you work hard for it! Have a goal for the number of deals that you sign in and the appointments that you make. Include a goal for the total number of leads and the average income made out of each deal. This detailed plan need not be typed or fed into your computer, just hand written on a piece of paper and pinned up on to your bulletin board is more than enough, and it doesn't need to look fancy. Do have a scratch pad plans, which will guide you to plan and stick to each and every things that you do. Take some time and think twice, before you do anything or committing to something.
by jeffadams
If you are a budding real estate investor, then you need to learn about today's world of marketing which is very much necessary to get the right deals. Most real estate investors haven't understood the importance of having a market plan. Many investors think that, placing an Ad in a local newspaper will make the deal fall on his lap! Here the saddest part is that even after lot of trainings, less than 1% of real estate investors have marketing plans. The important thing about marketing is to include your marketing plans into your business. You need to remember that, marketing plans will get you concrete results and great success.
Marketing plans has numerous advantages and it can rope in hundreds of deals for you! It actually allows you to clarify exactly what you need to achieve in the coming days. It also allows you to map out all your activities which you needed to accomplish your plans and reach your goals. Marketing plans lets you to set deadlines, to hold others accountable so everything in completed. It makes you free to concentrate on the higher payoff activities, which will offer you with greater deals. There are so many people who fail in real estate investing due to a simple reason; they don't have any sort of marketing plans or goals. It very necessary to include detailed plans along with your goals which will help you to accomplish what you want, without facing any kinds of hurdles.
Never be vague, it constantly makes you confused and it becomes a hindrance for your goal. Never think of becoming rich or a billionaire overnight without proper planning or including marketing plans into your business. Here are some useful tips, which you need to include into your marketing plans. Have a goal for your total net income, but make sure you work hard for it! Have a goal for the number of deals that you sign in and the appointments that you make. Include a goal for the total number of leads and the average income made out of each deal. This detailed plan need not be typed or fed into your computer, just hand written on a piece of paper and pinned up on to your bulletin board is more than enough, and it doesn't need to look fancy. Do have a scratch pad plans, which will guide you to plan and stick to each and every things that you do. Take some time and think twice, before you do anything or committing to something.
Developers Unite to Push Pune Real Estate Markets
Developers Unite to Push Pune Real Estate Markets
by George Gonigal
"Pune is among the top seven cities of the country and enjoys a number of advantages that a few other cities in India have to offer. Good water supply, moderate climate, quality human resources and superior connectivity to mention a few," said Atul Goel, chairman of the Promoters and Builders Association of Pune (PBAP) while speaking to the media persons, on January 08. He said that in absence of political support, Pune real estate is also likely to follow Bangalore which is suffering grave infrastructure issues.
The PBAP, in order to showcase real estate developments in Pune, would launch its eighth mega property exhibition from January 11 to 13 at the SSPMS grounds, in Pune. As per an estimate, more than 68 Pune real estate builders will display their 300 projects during the exhibition. Pune's Divisional Commissioner Nitin Kareer and PMC chief Parveensinh Pardeshi would also be present at the occasion to share his views on how Pune can continue to be an attractive economic centre of India.
Another real estate builder of Pune pointed out that Pune Real Estate market has not grown on just one factor of IT industry, but the industries of automobile, parts-manufacturing, health and other services sectors have also played an equally significant role in its development.
"The local economy of the city is growing by leaps and bounds. Thousands of people come into the city every year, as there are ample job opportunities in the city. This really keeps the demand for rental homes in Pune high," said Rajeev Raheja, a Pune-based real estate dealer. As per the industry estimates, Pune needs as many as 40,000 residential properties every year to meet the housing demands of its citizens.
To keep pace with growing commercialization, rapid real estate development and increase in population, the city needs at least 15 percent of its total area for roads. Real estate builders also point out that policy-level issues must be dealt on priority.
by George Gonigal
"Pune is among the top seven cities of the country and enjoys a number of advantages that a few other cities in India have to offer. Good water supply, moderate climate, quality human resources and superior connectivity to mention a few," said Atul Goel, chairman of the Promoters and Builders Association of Pune (PBAP) while speaking to the media persons, on January 08. He said that in absence of political support, Pune real estate is also likely to follow Bangalore which is suffering grave infrastructure issues.
The PBAP, in order to showcase real estate developments in Pune, would launch its eighth mega property exhibition from January 11 to 13 at the SSPMS grounds, in Pune. As per an estimate, more than 68 Pune real estate builders will display their 300 projects during the exhibition. Pune's Divisional Commissioner Nitin Kareer and PMC chief Parveensinh Pardeshi would also be present at the occasion to share his views on how Pune can continue to be an attractive economic centre of India.
Another real estate builder of Pune pointed out that Pune Real Estate market has not grown on just one factor of IT industry, but the industries of automobile, parts-manufacturing, health and other services sectors have also played an equally significant role in its development.
"The local economy of the city is growing by leaps and bounds. Thousands of people come into the city every year, as there are ample job opportunities in the city. This really keeps the demand for rental homes in Pune high," said Rajeev Raheja, a Pune-based real estate dealer. As per the industry estimates, Pune needs as many as 40,000 residential properties every year to meet the housing demands of its citizens.
To keep pace with growing commercialization, rapid real estate development and increase in population, the city needs at least 15 percent of its total area for roads. Real estate builders also point out that policy-level issues must be dealt on priority.
Real estate is the best tool for wealth creation
Real estate is the best tool for wealth creation
by Peter McArdle
We all have had some experience with real estate , we all have to live under shelter , whether being a home owner or a tenant. While we were renting we know what made us happy and what didn't , and as home owners , we might have indulge in some home - improvements.
Property investments can be more than just a place you live. It can be an inflation - proof income - producing asset that can help us with our own wealth creating. Statistics show that rental income will rise every 9 years regardless of economy.
Property is a great investments for many reasons , you have direct control over the returns , if the property is not giving you good returns you could add value through renovations. Property is a very stable market. Property value rises , on average , every 7 years.
There are also many real estate strategies you can use for good returns on your investment. Here are three basic strategies for you to look at.
BUY AND HOLD
Buy and hold is a basic strategy which is , as the name suggests , buying a piece of property and holding for the long term . If you use this strategy the key here is to buy wisely , if you choose well then you are likely to have a more profitable investment.
BUY , RENOVATE , AND HOLD
Again the name says it all. When a property is successfully renovated the value of your property should rise noticeably as should the rent. When renovating you need to be careful you do not get caught up in expensive and time consuming renovations. So before attempting to put this strategy to work , it is very important you have done your home work. Remember the higher the return the higher the risk but of course if you have gain knowledge on the market and have good trading techniques , they will go a long way in lowering the risks of your investment.
Very few people are able to invest without getting caught up in the process. It is very important to keep your emotions at bay. Money will start walking out the door as soon as you let your emotions dictate your investment decisions. To keep your emotions at bay , remind yourself that you are not going to be living in the property and concentrate on what you think your tenant would like. Getting caught up in doing the property up is also a bad way to look at investments. If you over - capitalise , you wont get your money back. Keep the renovations simple.
You make money because the value of property should rise over time , as should the rental returns.
by Peter McArdle
We all have had some experience with real estate , we all have to live under shelter , whether being a home owner or a tenant. While we were renting we know what made us happy and what didn't , and as home owners , we might have indulge in some home - improvements.
Property investments can be more than just a place you live. It can be an inflation - proof income - producing asset that can help us with our own wealth creating. Statistics show that rental income will rise every 9 years regardless of economy.
Property is a great investments for many reasons , you have direct control over the returns , if the property is not giving you good returns you could add value through renovations. Property is a very stable market. Property value rises , on average , every 7 years.
There are also many real estate strategies you can use for good returns on your investment. Here are three basic strategies for you to look at.
BUY AND HOLD
Buy and hold is a basic strategy which is , as the name suggests , buying a piece of property and holding for the long term . If you use this strategy the key here is to buy wisely , if you choose well then you are likely to have a more profitable investment.
BUY , RENOVATE , AND HOLD
Again the name says it all. When a property is successfully renovated the value of your property should rise noticeably as should the rent. When renovating you need to be careful you do not get caught up in expensive and time consuming renovations. So before attempting to put this strategy to work , it is very important you have done your home work. Remember the higher the return the higher the risk but of course if you have gain knowledge on the market and have good trading techniques , they will go a long way in lowering the risks of your investment.
Very few people are able to invest without getting caught up in the process. It is very important to keep your emotions at bay. Money will start walking out the door as soon as you let your emotions dictate your investment decisions. To keep your emotions at bay , remind yourself that you are not going to be living in the property and concentrate on what you think your tenant would like. Getting caught up in doing the property up is also a bad way to look at investments. If you over - capitalise , you wont get your money back. Keep the renovations simple.
You make money because the value of property should rise over time , as should the rental returns.
Real Estate Agent In Houston Can Compare Schools
Real Estate Agent In Houston Can Compare Schools
by Chris Crompton
If you want to find the perfect Houston neighborhood for yourself, real estate agents in Houston are there to help. They will help you compare the best home prices, appreciation rates, different types of homes, income, types of neighbors, quality of schools, languages, and so on. The real estate agent in Houston will guide you invest your money in a manner where it appreciates and gives you maximum returns and satisfaction.
Real estate agent in Houston is qualified to match to your personal needs and price range. They can find you your dream house in your chosen location. One can apply immediately and in 1 business hour or less one of the dedicated real estate counselors will personally match you with a top-quality Real estate agent in Houston who is an expert on your chosen area of Houston.
If you are looking to build or purchase a brand new home, consult with a real estate professional in Houston. They are excellent at analyzing your budget and locating property that suits your needs. Harris County is recognized throughout the globe. The population of the Houston metro area dwarfs that of any number of states. Economically, the city is known for oil, space and transportation. Indeed, the area is perhaps the single largest urban area originally based on oil and its byproducts.
A great deal of Houston's achievement as a petrochemical complex owed to its man-made shipping channel. It is known as the Port of Houston. The Port of Houston is one of the busiest ports in the United States. Houston is highly recognized for the Texas Medical Center, the world's largest concentration of research and healthcare institutions. This makes it easy for real estate listings. Houston also has a good deal to offer, counting the lowest cost of living and the least-expensive housing among 27 major U.S. urban areas with populations of more than 1.75 million.
There are four main bayous which flow throughout the city of Houston. Buffalo Bayou flows into the downtown section. Brays Bayou flows alongside the renowned Texas Medical Center. White Oak Bayou flows through the neighborhood known as The Heights and also near the northwest region. Sims Bayou flows through Houston's southern sector and into the downtown section where it enters the shipping channel. They all constitute important factors which improve the value of Houston real estate.
Houston real estate agents have statistics available that will show you the highest-rated public school districts in Houston. They can also give you comparisons of Houston schools as opposed to school districts throughout the state and across the country so that you can decide on what district you'd prefer to have your children attend.
by Chris Crompton
If you want to find the perfect Houston neighborhood for yourself, real estate agents in Houston are there to help. They will help you compare the best home prices, appreciation rates, different types of homes, income, types of neighbors, quality of schools, languages, and so on. The real estate agent in Houston will guide you invest your money in a manner where it appreciates and gives you maximum returns and satisfaction.
Real estate agent in Houston is qualified to match to your personal needs and price range. They can find you your dream house in your chosen location. One can apply immediately and in 1 business hour or less one of the dedicated real estate counselors will personally match you with a top-quality Real estate agent in Houston who is an expert on your chosen area of Houston.
If you are looking to build or purchase a brand new home, consult with a real estate professional in Houston. They are excellent at analyzing your budget and locating property that suits your needs. Harris County is recognized throughout the globe. The population of the Houston metro area dwarfs that of any number of states. Economically, the city is known for oil, space and transportation. Indeed, the area is perhaps the single largest urban area originally based on oil and its byproducts.
A great deal of Houston's achievement as a petrochemical complex owed to its man-made shipping channel. It is known as the Port of Houston. The Port of Houston is one of the busiest ports in the United States. Houston is highly recognized for the Texas Medical Center, the world's largest concentration of research and healthcare institutions. This makes it easy for real estate listings. Houston also has a good deal to offer, counting the lowest cost of living and the least-expensive housing among 27 major U.S. urban areas with populations of more than 1.75 million.
There are four main bayous which flow throughout the city of Houston. Buffalo Bayou flows into the downtown section. Brays Bayou flows alongside the renowned Texas Medical Center. White Oak Bayou flows through the neighborhood known as The Heights and also near the northwest region. Sims Bayou flows through Houston's southern sector and into the downtown section where it enters the shipping channel. They all constitute important factors which improve the value of Houston real estate.
Houston real estate agents have statistics available that will show you the highest-rated public school districts in Houston. They can also give you comparisons of Houston schools as opposed to school districts throughout the state and across the country so that you can decide on what district you'd prefer to have your children attend.
Real Estate Agent In Chicago Will Help You Find The Best Area For Your Family
Real Estate Agent In Chicago Will Help You Find The Best Area For Your Family
by Mark Shellby
Relocating to a new city or to a new residence can be an exciting and stressful time. Luckily, there are professionals who are willing and able to help you through the sometimes difficult process of finding a new place to live. If you are looking for a place to live in the Chicago area, you'll find it simple and enjoyable to work with a real estate agent in Chicago.
A real estate agent in Chicago is especially necessary if you are buying a home. He can browse all current listings and find just the right property for you. He will act as your liason with property owners and guide you through the entire process.
A real estate agent can be your irreplaceable tool when it comes to buying a house. However, the lesser known fact is that they are also very helpful when it comes to selling your house. If you have ever been through the irksome process of selling your house, then you surely know how bothersome and lengthy the process is. A trustworthy agent can help you promote and publicize your house as well as help you find a new one.
Even renters will find benefit in working with a realtor when searching for an apartment or house to rent. Searching through real estate listings can be a time consuming task. A real estate agent can help you sort through existing Chicago real estate listings to assist you in finding the perfect property. A real estate agent can efficiently locate properties with the correct number of bathrooms, bedrooms and square footage that fit within your budget.
Any real estate agent in Chicago will have information on available housing in any of the suburb areas and will assist you in finding a place to live that you are comfortable with. A real estate agent will find you the best property that is within your price range in whatever metro section you can afford.
Chicago is an exciting, fast-paced place to live. The real estate market in Chicago is comparable to most other American cities, and a knowledgeable real estate agent will be able to capitalize on current market conditions. Once you find an experienced real estate agent in Chicago who you are comfortable with, you'll soon be able to move into your new home.
by Mark Shellby
Relocating to a new city or to a new residence can be an exciting and stressful time. Luckily, there are professionals who are willing and able to help you through the sometimes difficult process of finding a new place to live. If you are looking for a place to live in the Chicago area, you'll find it simple and enjoyable to work with a real estate agent in Chicago.
A real estate agent in Chicago is especially necessary if you are buying a home. He can browse all current listings and find just the right property for you. He will act as your liason with property owners and guide you through the entire process.
A real estate agent can be your irreplaceable tool when it comes to buying a house. However, the lesser known fact is that they are also very helpful when it comes to selling your house. If you have ever been through the irksome process of selling your house, then you surely know how bothersome and lengthy the process is. A trustworthy agent can help you promote and publicize your house as well as help you find a new one.
Even renters will find benefit in working with a realtor when searching for an apartment or house to rent. Searching through real estate listings can be a time consuming task. A real estate agent can help you sort through existing Chicago real estate listings to assist you in finding the perfect property. A real estate agent can efficiently locate properties with the correct number of bathrooms, bedrooms and square footage that fit within your budget.
Any real estate agent in Chicago will have information on available housing in any of the suburb areas and will assist you in finding a place to live that you are comfortable with. A real estate agent will find you the best property that is within your price range in whatever metro section you can afford.
Chicago is an exciting, fast-paced place to live. The real estate market in Chicago is comparable to most other American cities, and a knowledgeable real estate agent will be able to capitalize on current market conditions. Once you find an experienced real estate agent in Chicago who you are comfortable with, you'll soon be able to move into your new home.
Thursday, March 19, 2009
How Condominiums Are Faring In The Miami Real Estate Market
How Condominiums Are Faring In The Miami Real Estate Market
by Vanessa Doctor
The city of Miami is often seen as one of the most culturally and economically vibrant cities of the United States.
The city is a host to many multinational businesses, excellent educational institutions, centers of art, culture and tourism, as well as in having a healthy array of housing and real estate options for families and investors. Buying real estate in this city however, is always a complex task with several important factors to consider. Potential buyers of condominium units in this area come from nearly all areas of the US, and even from overseas, which adds to making the process a quite protracted one.
Condos in Miami are often purchased as vacation homes or places to retire in, and most buyers still do not have a complete insight of the city's property market conditions, and may need to consult with a local realtor for assistance with aspects such as resale values, finding the best areas to buy one, local property taxes, depreciation and other concerns.
Location Matters In Choosing Where To Buy A Condo
Coming over to Miami and spending some time touring the area, and talking to locals and other professionals, helps give investors an important insight when it comes to purchasing the appropriate condo unit in the city's many suburbs. For long-term investors, and those who have been in the area for a longer period, most put a heavy premium on location.
The city's beachfront condominiums are the most popular, and probably the most expensive ones to acquire. If one wishes to save money and buy a less-costlier unit, the wiser choice would be to buy a condo unit that is located a few blocks away from the beach. In this sunny Florida city, the ocean view is astounding, and offers buyers of beachfront condos a hefty visual experience, as well as a large premium when it comes to resale values.
The South Beach district is one of the most sought-after areas here, not only because of its proximity to the ocean, but also because the area is famous for its wonderful nightlife, Art Deco buildings, fashionable restaurants, cafes and art galleries.
New Areas For Condo Development in Miami
Today, property developers are starting to set their sights towards the city's working class neighborhoods. Formerly blue-collar neighborhoods such as Overtown, Little Haiti and Liberty City are already abuzz with construction of new units. These neighborhoods have also become the popular alternative for those who wish to own a condo unit, but could not afford to pay for expensive, upscale beachfront properties.
The biggest real estate news for Florida and the city this year is the condition of the condominium sector, specially in the upscale, high-end markets. Condos have seen a 33.3 percent rise in the last decade, and these now account for around 12.8 percent of the housing market. A lot of this can be credited to the concentration of condo units in upscale and pricey coastal areas like Miami Beach.
However, sellers of condo units here do not exclusively target the wealthy, as both ends of the consumer market are now delving into purchasing condos. While the affordability of local condo unit serves as a motivating factor, more dual-income professionals, empty nesters and retirees are now opting to buy a condo as a lifestyle statement.
by Vanessa Doctor
The city of Miami is often seen as one of the most culturally and economically vibrant cities of the United States.
The city is a host to many multinational businesses, excellent educational institutions, centers of art, culture and tourism, as well as in having a healthy array of housing and real estate options for families and investors. Buying real estate in this city however, is always a complex task with several important factors to consider. Potential buyers of condominium units in this area come from nearly all areas of the US, and even from overseas, which adds to making the process a quite protracted one.
Condos in Miami are often purchased as vacation homes or places to retire in, and most buyers still do not have a complete insight of the city's property market conditions, and may need to consult with a local realtor for assistance with aspects such as resale values, finding the best areas to buy one, local property taxes, depreciation and other concerns.
Location Matters In Choosing Where To Buy A Condo
Coming over to Miami and spending some time touring the area, and talking to locals and other professionals, helps give investors an important insight when it comes to purchasing the appropriate condo unit in the city's many suburbs. For long-term investors, and those who have been in the area for a longer period, most put a heavy premium on location.
The city's beachfront condominiums are the most popular, and probably the most expensive ones to acquire. If one wishes to save money and buy a less-costlier unit, the wiser choice would be to buy a condo unit that is located a few blocks away from the beach. In this sunny Florida city, the ocean view is astounding, and offers buyers of beachfront condos a hefty visual experience, as well as a large premium when it comes to resale values.
The South Beach district is one of the most sought-after areas here, not only because of its proximity to the ocean, but also because the area is famous for its wonderful nightlife, Art Deco buildings, fashionable restaurants, cafes and art galleries.
New Areas For Condo Development in Miami
Today, property developers are starting to set their sights towards the city's working class neighborhoods. Formerly blue-collar neighborhoods such as Overtown, Little Haiti and Liberty City are already abuzz with construction of new units. These neighborhoods have also become the popular alternative for those who wish to own a condo unit, but could not afford to pay for expensive, upscale beachfront properties.
The biggest real estate news for Florida and the city this year is the condition of the condominium sector, specially in the upscale, high-end markets. Condos have seen a 33.3 percent rise in the last decade, and these now account for around 12.8 percent of the housing market. A lot of this can be credited to the concentration of condo units in upscale and pricey coastal areas like Miami Beach.
However, sellers of condo units here do not exclusively target the wealthy, as both ends of the consumer market are now delving into purchasing condos. While the affordability of local condo unit serves as a motivating factor, more dual-income professionals, empty nesters and retirees are now opting to buy a condo as a lifestyle statement.
Easy Steps to Gain Success in Miami Real Estate Investing
Easy Steps to Gain Success in Miami Real Estate Investing
by Eliza Maledevic
If you want to be a successful Miami real estate investor, you have to know that there are steps that you should learn and apply in order reach those certain goals of yours. You know for a fact that Miami real estate investing is not that simple; you have to learn and apply those that you have learned.
Definitely, being a real estate investor is a tough one, since it requires lots of your time and effort to become successful. Real estate investing requires lots of work such as finding plenty of motivated sellers. You have to go on your way searching for lots of lots of houses. And in searching for houses, you certainly need to make many offers.
In this venture, you need to give a lot of your effort. You need to work with whole honesty. If you want to gain trust and you want people to deal with you, then you have to be an honest person. A dishonest person will end up being out of this venture, since no one will even think of working with him.
This is really a quite tough job since you need to go to the market, look for lots of houses, make plenty of offers and sell the property again.
Being a real estate investor, you do not just think about how much money you will gain. You have to learn how to listen. You have to pay attention to what sellers are saying. The deal won't work out if you only think about yourself. You have to understand every detail. Ask a lot of questions to make sure you and the other parties are on the right track. You can't win a great deal if you do not understand each other. In some chances, a deal can fall if you misunderstood each other. Your time and money will just be put into waste.
Never deceive anyone just to gain a deal. You have a reputation to take care, so you need to be honest and never let your conscience haunt you. Do not ruin your reputation for just few dollars. Your reputation doesn't worth just a few dollars. So do not deceive any one, play nice and clean...
You also have to be open on possibilities that deal doesn't work out. If the deal doesn't work by either party, then it is not a good deal. There will come a point that you just have to accept it and just walk away if it didn't turned out right. Think and look at all the possible outcome, never overlook any point or possibilities. There're some who just think about the few dollars that they will gain with this and soon overlook something and then turned out losing the money.
Yes, in doing Miami real estate investing, you can earn a lot but do not excite yourself too much with the earnings, it is better to stick with the numbers and work on it carefully.
You have fears but you need to face that fear in order to gain success with your Miami real estate investing. If you fear to make an offer because of rejection, then make a lot of offers until you are use with it. It is okay to be rejected, what matter is you move on and look for another...
by Eliza Maledevic
If you want to be a successful Miami real estate investor, you have to know that there are steps that you should learn and apply in order reach those certain goals of yours. You know for a fact that Miami real estate investing is not that simple; you have to learn and apply those that you have learned.
Definitely, being a real estate investor is a tough one, since it requires lots of your time and effort to become successful. Real estate investing requires lots of work such as finding plenty of motivated sellers. You have to go on your way searching for lots of lots of houses. And in searching for houses, you certainly need to make many offers.
In this venture, you need to give a lot of your effort. You need to work with whole honesty. If you want to gain trust and you want people to deal with you, then you have to be an honest person. A dishonest person will end up being out of this venture, since no one will even think of working with him.
This is really a quite tough job since you need to go to the market, look for lots of houses, make plenty of offers and sell the property again.
Being a real estate investor, you do not just think about how much money you will gain. You have to learn how to listen. You have to pay attention to what sellers are saying. The deal won't work out if you only think about yourself. You have to understand every detail. Ask a lot of questions to make sure you and the other parties are on the right track. You can't win a great deal if you do not understand each other. In some chances, a deal can fall if you misunderstood each other. Your time and money will just be put into waste.
Never deceive anyone just to gain a deal. You have a reputation to take care, so you need to be honest and never let your conscience haunt you. Do not ruin your reputation for just few dollars. Your reputation doesn't worth just a few dollars. So do not deceive any one, play nice and clean...
You also have to be open on possibilities that deal doesn't work out. If the deal doesn't work by either party, then it is not a good deal. There will come a point that you just have to accept it and just walk away if it didn't turned out right. Think and look at all the possible outcome, never overlook any point or possibilities. There're some who just think about the few dollars that they will gain with this and soon overlook something and then turned out losing the money.
Yes, in doing Miami real estate investing, you can earn a lot but do not excite yourself too much with the earnings, it is better to stick with the numbers and work on it carefully.
You have fears but you need to face that fear in order to gain success with your Miami real estate investing. If you fear to make an offer because of rejection, then make a lot of offers until you are use with it. It is okay to be rejected, what matter is you move on and look for another...
La Jolla California Real Estate - Surf, Safety, and Refinement.
La Jolla California Real Estate - Surf, Safety, and Refinement.
by Jacob Holgate
Are you thinking of relocating? Finding a better place for that new family? Looking for that prime piece of real estate that will make you and your family feel the sense of accomplishment you deserve? Wanting an atmosphere that’s both stunning and sophisticated? Well there is such a place, located 12 miles north of downtown San Diego. La Jolla California is a seaside paradise where its small community strives to make it the safest, and most pleasurable place to live in all California. La Jolla attracts tourists from all over the world, whether it be for vacationers or the couple that just needs to get away and do some shopping in La Jollas rich shops, boutiques, restaurants, coffee houses, salons, and art galleries.
Even though La Jolla is mostly known for its astonishing shoreline, the city's commercial district is hardly humble to say the least. Found to the east in La Jolla, there are professional centers, financial buildings, law firms, and technological industries that dominate this district. The famous Scripps Memorial Hospital & Medical Research Center is also found here. No wonder this cities real estate is some of the most sought after in the entire world.
With a population of forty four thousand, La Jolla is not so small as to call it just a tourist hub, La Jolla is filled with rich history and tradition. Wondering who owns the majority of La Jolla yet? I was surprised to find out that 53% of La Jollas population was made up of females between the ages of twenty and twenty nine.
by Jacob Holgate
Are you thinking of relocating? Finding a better place for that new family? Looking for that prime piece of real estate that will make you and your family feel the sense of accomplishment you deserve? Wanting an atmosphere that’s both stunning and sophisticated? Well there is such a place, located 12 miles north of downtown San Diego. La Jolla California is a seaside paradise where its small community strives to make it the safest, and most pleasurable place to live in all California. La Jolla attracts tourists from all over the world, whether it be for vacationers or the couple that just needs to get away and do some shopping in La Jollas rich shops, boutiques, restaurants, coffee houses, salons, and art galleries.
Even though La Jolla is mostly known for its astonishing shoreline, the city's commercial district is hardly humble to say the least. Found to the east in La Jolla, there are professional centers, financial buildings, law firms, and technological industries that dominate this district. The famous Scripps Memorial Hospital & Medical Research Center is also found here. No wonder this cities real estate is some of the most sought after in the entire world.
With a population of forty four thousand, La Jolla is not so small as to call it just a tourist hub, La Jolla is filled with rich history and tradition. Wondering who owns the majority of La Jolla yet? I was surprised to find out that 53% of La Jollas population was made up of females between the ages of twenty and twenty nine.
International Real Estate - Be Careful
International Real Estate - Be Careful
by Steve Gillman
Looking beyond our borders at the international real estate market might make sense for a second home or an investment. My wife and I recently bought a small lot a hundred yards from the Pacific Ocean in Ecuador, with the idea of having a second home there. The price, $3,000, shows why people look to other countries for real estate. Where in the United States can you buy a lot near the ocean for even ten times that much?
On the other hand, there are some risks in investing in property abroad. There are some things to think about that you don't normally have to consider when buying real estate in the U.S. And unfortunately, there are even some hard lessons to be learned from our own experience.
International Real Estate - Some Considerations
At the time we bought the property, in early 2007, Ecuador had been experiencing an economic boom for years. This was partly because the country adopted the U.S. dollar as it's official currency in 2001. Inflation was no longer an issue, and businesses were starting everywhere. New subdivisions - like those in the 1950 here - are still popping up around most of the major cities. Easier financing has even put more cars than ever into all those new driveways.
Political leaders have seemed to come and go too fast over the years, but even when the process was chaotic it was mostly peaceful. Ecuador was a stable democracy that seemed to be heading in the right direction. Most of the changes that had happened since my wife grew up and went to university there were good changes. Then came Correa, the current president.
Apparently the system wasn't as stable as we thought. Earlier this year, he prevented many opposition members of congress from entering the parliament. Then there were elections to create assembly for the rewriting of the constitution. The assembly (now elected) could dissolve the congress or even hand over dictatorial powers to Correa. The public, unfortunately, has mostly been on Correa's side.
Unfortunately, I say, because Correa seems to be doing many bad things. He openly admires Hugo Chavez, the socialist leader of Venezuela, and Fidel Castro. He talks about a "new socialism." Already he has told international oil companies which operate in Ecuador that they will not be getting all of the profits promised for their investments.
As you can imagine, many wealthy Ecuadorians and foreign companies are already taking their money out of the country. There are rumors that Correa plans to steal the real estate owned by foreigners (I won't use the euphemisms - theft is theft). It is rumored that he may even steal and "redistribute" the second homes of Ecuadorian Citizens - especially those along the coast. This could include our property.
The obvious lesson? When buying international real estate, you need to more than research property prices. You need to take a close look at the political climate of the country. The law may be clear and allow for foreign ownership, but laws can be changed. Some other tips:
1. Hire an attorney to be sure everything is done correctly. Have a list of questions for him or her, so you know exactly what you are getting into.
2. Investigate what it takes to sell the property. You may not want to keep it forever. This is a legal and market matter. Are there any legal or tax issues you need to know about? How long does it normally take to sell a house?
3. Know before you buy what the other costs will be. How much are taxes? How much will you have to pay for basic services like water and electricity.
International real estate may be a great investment, depending on where you buy, how you buy, and what the market is doing. Looking overseas can also be a way to afford a second home in a beautiful place. But take some basic precautions and learn from our lesson.
by Steve Gillman
Looking beyond our borders at the international real estate market might make sense for a second home or an investment. My wife and I recently bought a small lot a hundred yards from the Pacific Ocean in Ecuador, with the idea of having a second home there. The price, $3,000, shows why people look to other countries for real estate. Where in the United States can you buy a lot near the ocean for even ten times that much?
On the other hand, there are some risks in investing in property abroad. There are some things to think about that you don't normally have to consider when buying real estate in the U.S. And unfortunately, there are even some hard lessons to be learned from our own experience.
International Real Estate - Some Considerations
At the time we bought the property, in early 2007, Ecuador had been experiencing an economic boom for years. This was partly because the country adopted the U.S. dollar as it's official currency in 2001. Inflation was no longer an issue, and businesses were starting everywhere. New subdivisions - like those in the 1950 here - are still popping up around most of the major cities. Easier financing has even put more cars than ever into all those new driveways.
Political leaders have seemed to come and go too fast over the years, but even when the process was chaotic it was mostly peaceful. Ecuador was a stable democracy that seemed to be heading in the right direction. Most of the changes that had happened since my wife grew up and went to university there were good changes. Then came Correa, the current president.
Apparently the system wasn't as stable as we thought. Earlier this year, he prevented many opposition members of congress from entering the parliament. Then there were elections to create assembly for the rewriting of the constitution. The assembly (now elected) could dissolve the congress or even hand over dictatorial powers to Correa. The public, unfortunately, has mostly been on Correa's side.
Unfortunately, I say, because Correa seems to be doing many bad things. He openly admires Hugo Chavez, the socialist leader of Venezuela, and Fidel Castro. He talks about a "new socialism." Already he has told international oil companies which operate in Ecuador that they will not be getting all of the profits promised for their investments.
As you can imagine, many wealthy Ecuadorians and foreign companies are already taking their money out of the country. There are rumors that Correa plans to steal the real estate owned by foreigners (I won't use the euphemisms - theft is theft). It is rumored that he may even steal and "redistribute" the second homes of Ecuadorian Citizens - especially those along the coast. This could include our property.
The obvious lesson? When buying international real estate, you need to more than research property prices. You need to take a close look at the political climate of the country. The law may be clear and allow for foreign ownership, but laws can be changed. Some other tips:
1. Hire an attorney to be sure everything is done correctly. Have a list of questions for him or her, so you know exactly what you are getting into.
2. Investigate what it takes to sell the property. You may not want to keep it forever. This is a legal and market matter. Are there any legal or tax issues you need to know about? How long does it normally take to sell a house?
3. Know before you buy what the other costs will be. How much are taxes? How much will you have to pay for basic services like water and electricity.
International real estate may be a great investment, depending on where you buy, how you buy, and what the market is doing. Looking overseas can also be a way to afford a second home in a beautiful place. But take some basic precautions and learn from our lesson.
Investing in Real Estate with Government Grants
Investing in Real Estate with Government Grants
by Ken Fong
Not all people interested in real estate know that there are grants for real estate especially from the state and federal government. Billions of dollars are available as grants and there are many ways to put this money in to good use.
Grants from the government are offered to help them outsource and distribute the workload of providing homes to the people. While it is mainly the job of government housing agencies, many real estate businesses and non-profit parties can help make it possible for the government to reach out those who need it.
Loans and Grants for Real Estate Investing
The government provides grants for real estate investing as well as low cost loans. Grants and loans for real estate investing programs such as property acquiring, building homes, purchasing land, rehabilitation and refurbishing properties, are just to name a few. And real estate grants and loans are accessible provided that you meet the requirements set by the government.
The availability of grants for real estate investing from the government is also meant for non-profit organizations. One good example is investing in senior homes. The government has supported projects for the senior citizens and has continually given considerations to most projects that involve them. Non-profit organizations can work with real estate investors in these home building projects and they can utilize the grants for real estate investing programs and such.
Real estate investors can also take advantage of the grants for real estate investing. They may apply for a loan from the government or they can be a partner and offer their services to ongoing real estate investing programs.
Real estate investors who have partnered with the government can benefit from sharing their services and expertise. Since there are billions of dollars in funds for grants, chances are these investors spend almost nothing in these real estate investing programs. Furthermore, if the partnership thrives and shows a promising future, more grants for homes and non-profit real estate programs can benefit from the government funds.
For new real estate investors, getting a grant for real estate investing may pose some challenges. But never fret because the government is there to help everyone. Offer your services and expertise to them and ask for their specific requirements to become a partner. Who knows, you might thrive and succeed as a real estate investor right away when you put your knowledge into good use while servicing your fellow citizens.
by Ken Fong
Not all people interested in real estate know that there are grants for real estate especially from the state and federal government. Billions of dollars are available as grants and there are many ways to put this money in to good use.
Grants from the government are offered to help them outsource and distribute the workload of providing homes to the people. While it is mainly the job of government housing agencies, many real estate businesses and non-profit parties can help make it possible for the government to reach out those who need it.
Loans and Grants for Real Estate Investing
The government provides grants for real estate investing as well as low cost loans. Grants and loans for real estate investing programs such as property acquiring, building homes, purchasing land, rehabilitation and refurbishing properties, are just to name a few. And real estate grants and loans are accessible provided that you meet the requirements set by the government.
The availability of grants for real estate investing from the government is also meant for non-profit organizations. One good example is investing in senior homes. The government has supported projects for the senior citizens and has continually given considerations to most projects that involve them. Non-profit organizations can work with real estate investors in these home building projects and they can utilize the grants for real estate investing programs and such.
Real estate investors can also take advantage of the grants for real estate investing. They may apply for a loan from the government or they can be a partner and offer their services to ongoing real estate investing programs.
Real estate investors who have partnered with the government can benefit from sharing their services and expertise. Since there are billions of dollars in funds for grants, chances are these investors spend almost nothing in these real estate investing programs. Furthermore, if the partnership thrives and shows a promising future, more grants for homes and non-profit real estate programs can benefit from the government funds.
For new real estate investors, getting a grant for real estate investing may pose some challenges. But never fret because the government is there to help everyone. Offer your services and expertise to them and ask for their specific requirements to become a partner. Who knows, you might thrive and succeed as a real estate investor right away when you put your knowledge into good use while servicing your fellow citizens.
Monday, March 16, 2009
Emerging Picture of Real Estate in Pune
Emerging Picture of Real Estate in Pune
by George Gonigal
Although, Pune has been the centre of attraction for the past several years, property markets of the city have especially taken a cue with Indian economy charting high growth rates, on the fronts of its burgeoning services and manufacturing sector.
As per the industry estimates, Pune would need as many as 40,000 residential properties every year to meet its housing requirements. To tackle the same, the Maharashtra government has now given approval to private real estate developers for establishing fully integrated townships in Pune, under the Public Private Participation (PPP) model.
In view of leveraging this opportunity, Pune-based real estate developer City Group has come forward with its ambitious residential township project 'Amanora Park Town', the first one after the government's declaration. Under this flagship project, the government would be supplying land to the property developer, who in turn will build up all the infrastructure comprising residential units and commercial properties. The developer will also be entrusted with the responsibility of erecting the social infrastructure encompassing healthcare centres, educational institutions, and entertainment facilities.
Demand for house on rent in Pune is equally driven by employees and students, who come to pursue their studies at this city complemented by quality educational institutions. "The local economy of Pune is developing quite impressively and thousands of people settle down in the city every year, owing to job opportunities in the city. This really keeps the demand factor for rental homes in Pune in rolling," said Shad Ali, a city-based property dealer.
Commercial properties at the western corridor of Pune are buzzing with real estate activities. Near about all the large IT companies of India including Infosys and Wipro have opened their software development facilities in the area. International IT and ITes giants are also scouting for commercial property in the area quite aggressively.
by George Gonigal
Although, Pune has been the centre of attraction for the past several years, property markets of the city have especially taken a cue with Indian economy charting high growth rates, on the fronts of its burgeoning services and manufacturing sector.
As per the industry estimates, Pune would need as many as 40,000 residential properties every year to meet its housing requirements. To tackle the same, the Maharashtra government has now given approval to private real estate developers for establishing fully integrated townships in Pune, under the Public Private Participation (PPP) model.
In view of leveraging this opportunity, Pune-based real estate developer City Group has come forward with its ambitious residential township project 'Amanora Park Town', the first one after the government's declaration. Under this flagship project, the government would be supplying land to the property developer, who in turn will build up all the infrastructure comprising residential units and commercial properties. The developer will also be entrusted with the responsibility of erecting the social infrastructure encompassing healthcare centres, educational institutions, and entertainment facilities.
Demand for house on rent in Pune is equally driven by employees and students, who come to pursue their studies at this city complemented by quality educational institutions. "The local economy of Pune is developing quite impressively and thousands of people settle down in the city every year, owing to job opportunities in the city. This really keeps the demand factor for rental homes in Pune in rolling," said Shad Ali, a city-based property dealer.
Commercial properties at the western corridor of Pune are buzzing with real estate activities. Near about all the large IT companies of India including Infosys and Wipro have opened their software development facilities in the area. International IT and ITes giants are also scouting for commercial property in the area quite aggressively.
Technology Drives Bangalore Real Estate
Technology Drives Bangalore Real Estate
by George Gonigal
Internet retail sales has had a dramatic impact on retail properties in Bangalore by reinforcing the trend towards entertainment and convenience oriented tenants, and enabling retailers to expand into multichannel distribution systems incorporating Internet sites and "land based" stores. Technology is so pervasive in our society that it is difficult to isolate and evaluate its influence on real estate demand. Technology's influence on demand is generally positive given its fundamental importance to economic growth.
Fortunately, through continuing innovations, adapting tenant mixes, and capital investment, retail property owners can moderate many potential declines in retail demand from consumers. In the long term, rent pressure is expected as and when the communication distribution channel grows, says Zaffar Sait, DGM Business Development, Prestige Group, Bangalore.
However, technology will significantly reduce demand in some areas and increase demand in others, making winners or losers out of certain properties or geographic markets. Investors and other real estate professionals who maintain vigilance concerning technology change will outperform their competitors. Impact on commercial properties
Technology is generating a net positive effect on the office employment growth in turn creating a huge demand for real estate in Bangalore. The demand for "intelligent" building technologies by office tenants is not in its infancy. Regardless of the type or size of tenant, the key issues driving tenant office leasing decisions are cost, proximity to the boss's residence, access to current and potential employees, proximity to customers or clients, and proximity to restaurants and recreation.
Few industrial property owners are interested in "intelligent" building technology. Owners are focused on providing the backbone infrastructure to enable the widest range of tenants to be accommodated in their properties.
Technology has been a key driver of Bangalore's economy historically, and will be so in the future. Accordingly, while many new technologies appear, in isolation, to reduce real estate demand, the net effect of technology on economic growth and real estate demand is fairly positive.
by George Gonigal
Internet retail sales has had a dramatic impact on retail properties in Bangalore by reinforcing the trend towards entertainment and convenience oriented tenants, and enabling retailers to expand into multichannel distribution systems incorporating Internet sites and "land based" stores. Technology is so pervasive in our society that it is difficult to isolate and evaluate its influence on real estate demand. Technology's influence on demand is generally positive given its fundamental importance to economic growth.
Fortunately, through continuing innovations, adapting tenant mixes, and capital investment, retail property owners can moderate many potential declines in retail demand from consumers. In the long term, rent pressure is expected as and when the communication distribution channel grows, says Zaffar Sait, DGM Business Development, Prestige Group, Bangalore.
However, technology will significantly reduce demand in some areas and increase demand in others, making winners or losers out of certain properties or geographic markets. Investors and other real estate professionals who maintain vigilance concerning technology change will outperform their competitors. Impact on commercial properties
Technology is generating a net positive effect on the office employment growth in turn creating a huge demand for real estate in Bangalore. The demand for "intelligent" building technologies by office tenants is not in its infancy. Regardless of the type or size of tenant, the key issues driving tenant office leasing decisions are cost, proximity to the boss's residence, access to current and potential employees, proximity to customers or clients, and proximity to restaurants and recreation.
Few industrial property owners are interested in "intelligent" building technology. Owners are focused on providing the backbone infrastructure to enable the widest range of tenants to be accommodated in their properties.
Technology has been a key driver of Bangalore's economy historically, and will be so in the future. Accordingly, while many new technologies appear, in isolation, to reduce real estate demand, the net effect of technology on economic growth and real estate demand is fairly positive.
New York City Real Estate : More Than a Great Home
New York City Real Estate : More Than a Great Home
by Victoria M. Brown
New York City living opens the door to more than just a great home. It's an all-encompassing lifestyle that often includes world class entertainment, museums, restaurants, and spas. The lifestyle that can be found by living in New York City cannot be found any place else.
Boredom is a not word that is used in New York City. You can always find something to do, some form of entertainment. For the theatre lover, there is Broadway. You can see a show that has been running for years or one that has just opened. During the holidays, you can ice-skate around the Christmas Tree in Rockefeller Center or walk through the streets to see all the Christmas windows. You can go to a live taping of a talk show or to a concert at one of the city's many venues. And since the city never sleeps, you can always find exciting night life.
If you want to escape to a quiet, intellectual setting, New York City is still the right place for you. The Big Apple is filled with world class museums of all kinds; whether it be museums that display art, history, technology, and more. There's so many to choose from. You can find a museum to interest everyone, no matter what their likes and hobbies are. In addition to museums, you can also escape to the many zoos, aquariums, parks and gardens.
There's no other place in the world that has such a diverse menu of food to choose from. You can find restaurants that specialize in any type of cuisine. Since NYC is a culture "melting pot", you can taste food from around the world. You can find it all in New York. Whether you want to go out to a fancy dinner with a date or grab a $2 slice of pizza on your way home from work, both will probably be the best you have ever had.
When the excitement has started to leave you feeling tired, you can relax at one of the city's many spas. New York City spas are one of the best ways to simply relax and unwind. You can find some of the finest spas in the world and receive the most luxurious, unique treatments. There's a reason why people from all over the world flock to NYC.
With everything that New York City has to offer, from the excitement to the relaxation, there is no better place to live. Opening a door to a new home in New York City opens the door to a new lifestyle, a lifestyle that is like no other.
by Victoria M. Brown
New York City living opens the door to more than just a great home. It's an all-encompassing lifestyle that often includes world class entertainment, museums, restaurants, and spas. The lifestyle that can be found by living in New York City cannot be found any place else.
Boredom is a not word that is used in New York City. You can always find something to do, some form of entertainment. For the theatre lover, there is Broadway. You can see a show that has been running for years or one that has just opened. During the holidays, you can ice-skate around the Christmas Tree in Rockefeller Center or walk through the streets to see all the Christmas windows. You can go to a live taping of a talk show or to a concert at one of the city's many venues. And since the city never sleeps, you can always find exciting night life.
If you want to escape to a quiet, intellectual setting, New York City is still the right place for you. The Big Apple is filled with world class museums of all kinds; whether it be museums that display art, history, technology, and more. There's so many to choose from. You can find a museum to interest everyone, no matter what their likes and hobbies are. In addition to museums, you can also escape to the many zoos, aquariums, parks and gardens.
There's no other place in the world that has such a diverse menu of food to choose from. You can find restaurants that specialize in any type of cuisine. Since NYC is a culture "melting pot", you can taste food from around the world. You can find it all in New York. Whether you want to go out to a fancy dinner with a date or grab a $2 slice of pizza on your way home from work, both will probably be the best you have ever had.
When the excitement has started to leave you feeling tired, you can relax at one of the city's many spas. New York City spas are one of the best ways to simply relax and unwind. You can find some of the finest spas in the world and receive the most luxurious, unique treatments. There's a reason why people from all over the world flock to NYC.
With everything that New York City has to offer, from the excitement to the relaxation, there is no better place to live. Opening a door to a new home in New York City opens the door to a new lifestyle, a lifestyle that is like no other.
Real Estate Services for NRIs
Real Estate Services for NRIs
by Ruchi Khurana
Real Estate is booming in India like never before. Almost all sectors of the industry - be it commercial, residential or retail are witnessing an exponential growth in major as well as the B Grade cities of India. This astounding growth in the real estate segment has attracted the interest of NRIs and they are more than ever keen on investing their hard earned moolah in the highly lucrative Indian real estate market.
Owing to the spurt in demand, a lot many real estate companies and service firms are providing dedicated services to Non-Resident Indians interested in making investments. The service providers' help NRIs make assessment of the properties, judge its worth and help make informed investment decisions. Depending upon the client's request real estate service providers keep a tab on upcoming projects, help them in availing finance and even provide assistance in completing legal formalities pertaining to the purchase of property.
Apart from the real estate management a host of companies are providing property maintenance services in India. These services are highly beneficial for NRIs who have property in India or who wish to assist their parents and loved ones in taking care of their residential or commercial property. Most popular services covered under property maintenance is the renting of property. Real estate service providers help their clients in letting out their property by looking for eligible tenants. They even help them in collection of payments and complete other formalities. Non-Resident Indians may also take help of real estate service providers to find property on rent for their friends and family members.
Other services coming under property maintenance portfolio include whitewashing, plumbing, carpentry and electrician jobs, gardening, pest controlling etc. Many service providers also offer you the option of subscribing to annual maintenance packages at discounted rates and ensure complete care of your property.
by Ruchi Khurana
Real Estate is booming in India like never before. Almost all sectors of the industry - be it commercial, residential or retail are witnessing an exponential growth in major as well as the B Grade cities of India. This astounding growth in the real estate segment has attracted the interest of NRIs and they are more than ever keen on investing their hard earned moolah in the highly lucrative Indian real estate market.
Owing to the spurt in demand, a lot many real estate companies and service firms are providing dedicated services to Non-Resident Indians interested in making investments. The service providers' help NRIs make assessment of the properties, judge its worth and help make informed investment decisions. Depending upon the client's request real estate service providers keep a tab on upcoming projects, help them in availing finance and even provide assistance in completing legal formalities pertaining to the purchase of property.
Apart from the real estate management a host of companies are providing property maintenance services in India. These services are highly beneficial for NRIs who have property in India or who wish to assist their parents and loved ones in taking care of their residential or commercial property. Most popular services covered under property maintenance is the renting of property. Real estate service providers help their clients in letting out their property by looking for eligible tenants. They even help them in collection of payments and complete other formalities. Non-Resident Indians may also take help of real estate service providers to find property on rent for their friends and family members.
Other services coming under property maintenance portfolio include whitewashing, plumbing, carpentry and electrician jobs, gardening, pest controlling etc. Many service providers also offer you the option of subscribing to annual maintenance packages at discounted rates and ensure complete care of your property.
Sunday, March 15, 2009
Got Bad Credit? How to Get a Home Improvement Loan
Got Bad Credit? How to Get a Home Improvement Loan
by John Rutledge
Home renovations can be very expensive. From labor to permits to materials, every aspect of a major home improvement project is going to cost a significant amount of money. Fortunately, it's possible to get a home improvement loan to finance the work you want to do.
But, what if you have bad credit? Can you still obtain a home improvement loan? It won't be easy, but it's definitely possible to get financing, even with a low credit score.
To learn how you can secure home improvement financing, despite your bad credit rating, keep reading.
1. Be prepared to pay a higher interest rate.
It's easy to get a loan if you have bad credit; getting a loan with a low interest rate is the hard part. While you can negotiate your terms down toward something more affordable, you will still need to accept that you won't be offered the same interest terms as someone with a high credit score.
2. Ask family and friends.
If banks and lenders aren't able to offer you an affordable rate, consider turning to family and friends for a personal loan. Before borrowing from someone close to you, always negotiate the terms and have a written contract drawn up by legal professional. Expections after the exchange of money with people close to you can destroy relationships, so stick to your terms and your payment plan to keep your relationship healthy.
3. Get several quotes.
Don't try one lender and then give up if you're rejected or offered a too-high interest rate. Try several lending branches to compare interest rates. Bear in mind, though, each time you apply for credit can negatively affect your credit score. Try to limit your queries to two or three credit providers.
4. Build on a good relationship.
If you already have a good relationship with one specific lender, work on building that relationship. Call up that lender and explain that despite your bad credit rating, you've always paid them on time and you have a long relationship with them. Often, lenders can be persuaded to negotiate their terms, particularly if you're an existing customer.
5. Try store credit.
As a last option, you may need to use store credit or credit cards to finance your home renovation project. Typically, store and consumer credit cards carry higher interest rates, so be mentally prepared before inquiring.
Remember, rebuilding your credit isn't easy. Start by always making your payments on time and staying committed to responsibly managing your debts.
by John Rutledge
Home renovations can be very expensive. From labor to permits to materials, every aspect of a major home improvement project is going to cost a significant amount of money. Fortunately, it's possible to get a home improvement loan to finance the work you want to do.
But, what if you have bad credit? Can you still obtain a home improvement loan? It won't be easy, but it's definitely possible to get financing, even with a low credit score.
To learn how you can secure home improvement financing, despite your bad credit rating, keep reading.
1. Be prepared to pay a higher interest rate.
It's easy to get a loan if you have bad credit; getting a loan with a low interest rate is the hard part. While you can negotiate your terms down toward something more affordable, you will still need to accept that you won't be offered the same interest terms as someone with a high credit score.
2. Ask family and friends.
If banks and lenders aren't able to offer you an affordable rate, consider turning to family and friends for a personal loan. Before borrowing from someone close to you, always negotiate the terms and have a written contract drawn up by legal professional. Expections after the exchange of money with people close to you can destroy relationships, so stick to your terms and your payment plan to keep your relationship healthy.
3. Get several quotes.
Don't try one lender and then give up if you're rejected or offered a too-high interest rate. Try several lending branches to compare interest rates. Bear in mind, though, each time you apply for credit can negatively affect your credit score. Try to limit your queries to two or three credit providers.
4. Build on a good relationship.
If you already have a good relationship with one specific lender, work on building that relationship. Call up that lender and explain that despite your bad credit rating, you've always paid them on time and you have a long relationship with them. Often, lenders can be persuaded to negotiate their terms, particularly if you're an existing customer.
5. Try store credit.
As a last option, you may need to use store credit or credit cards to finance your home renovation project. Typically, store and consumer credit cards carry higher interest rates, so be mentally prepared before inquiring.
Remember, rebuilding your credit isn't easy. Start by always making your payments on time and staying committed to responsibly managing your debts.
Bad Credit Loans: Assures Hassle Free Financial Assistance
Bad Credit Loans: Assures Hassle Free Financial Assistance
by Tom Dikkin
Why is it, only those borrows with a history of bad credit such as county court judgments, IVA, arrears, defaults, non repayment etc cannot apply for loans. Without any external financial help, these borrowers lack the required finances to meet some of their important needs. Sensing that the financial conditions of the borrowers are not in a good shape, lenders in the financial market are now offering Bad credit loans.
These loans offer the monetary assistance to those borrowers who are having problems related to bad credit. The amount obtained under these loans can be judiciously used for home improvement, consolidating debts to improve the credit record, expanding business, financing education etc, going for vacations, wedding etc.
Just like any other conventional loans, these loans are offered to borrowers in the classical format of secured and unsecured. Secured form of the loans can be availed only by attaching any valuable asset as collateral. Borrower can access bigger amount as the lenders approve the loans on the basis of equity value. The repayment terms is large and are offered with a low interest rate, since the amount is secured against an asset.
Unsecured form of these loans can be availed without pledging any asset as collateral. Borrowers like tenants and non homeowners can easily access these loans. Homeowners too can apply for these loans. This loan option offers a small amount and has a short repayment period. Since the amount is advanced without any collateral, lenders tend to levy a comparatively high rate of interest.
These loans are offered by most of the lenders present in the market such as banks, financial institutions as well as lenders from the online market. There is a distinct advantage of availing loans online. It is because online lenders approve the loans without any delay. Because of the large presence of lenders, by undertaking a proper research borrower can locate lenders offering these loans at low rates.
Bad credit loans offer not only monetary assistance, but also offer a way to redeem the financial condition. The finances are easily available without too many hassles.
by Tom Dikkin
Why is it, only those borrows with a history of bad credit such as county court judgments, IVA, arrears, defaults, non repayment etc cannot apply for loans. Without any external financial help, these borrowers lack the required finances to meet some of their important needs. Sensing that the financial conditions of the borrowers are not in a good shape, lenders in the financial market are now offering Bad credit loans.
These loans offer the monetary assistance to those borrowers who are having problems related to bad credit. The amount obtained under these loans can be judiciously used for home improvement, consolidating debts to improve the credit record, expanding business, financing education etc, going for vacations, wedding etc.
Just like any other conventional loans, these loans are offered to borrowers in the classical format of secured and unsecured. Secured form of the loans can be availed only by attaching any valuable asset as collateral. Borrower can access bigger amount as the lenders approve the loans on the basis of equity value. The repayment terms is large and are offered with a low interest rate, since the amount is secured against an asset.
Unsecured form of these loans can be availed without pledging any asset as collateral. Borrowers like tenants and non homeowners can easily access these loans. Homeowners too can apply for these loans. This loan option offers a small amount and has a short repayment period. Since the amount is advanced without any collateral, lenders tend to levy a comparatively high rate of interest.
These loans are offered by most of the lenders present in the market such as banks, financial institutions as well as lenders from the online market. There is a distinct advantage of availing loans online. It is because online lenders approve the loans without any delay. Because of the large presence of lenders, by undertaking a proper research borrower can locate lenders offering these loans at low rates.
Bad credit loans offer not only monetary assistance, but also offer a way to redeem the financial condition. The finances are easily available without too many hassles.
Bad Credit Holiday Loans: Detour
Bad Credit Holiday Loans: Detour
by Marshaa Claire
Bad credit is something many of us land up with once we've taken more than we can financially handle. It's not something that we need to be afraid of since a lot of us have landed up with it and have found ways of dealing with it. Getting out of debt is definitely not as easy as it sounds--it needs us to make a lot of hard decisions and also needs us to be determined enough to stick by them. There are a lot of borrowers like you and me who often make the mistake of taking loans without considering whether we will be able to afford its repayments. Since, everyone deserves a second chance to better their record, there now are Bad Credit Loans available in different categories to assist you in bettering your credit score.
In this category of Bad Credit loan, there are varieties like Bad Credit Personal Loans, Bad Credit Secured and Unsecured Loans, Bad Credit Home Loans, Bad Credit Car Loans, Bad Credit Holiday Loans...wait a minute Bad Credit Holiday Loans???
Shocking but true.... Bad Credit Holiday Loans are available to those with bad credit too. You defaulted on your payments and are trying to get yourself back on track, but whoever said that you cannot take a holiday? Bad Credit Holiday Loans are the ideal way to go if you need to get out of the debt mess for a while and think things over. Just because you are labelled with bad credit, does not mean you cannot enjoy yourself--life doesn't come to an end. In fact, the best way to repair your credit score is to repay your loans on time. Taking a Bad Credit Holiday Loan and repaying it on time and in full is the best way out.
Bad Credit Holiday Loans also ease it out for you. They assist you by tying package deals for holidays and other such travels. Bad Credit Holiday Loans cover accommodation, travel tickets, sight-seeing and other guided tours, etc. They are great deals if you are sure of your ability to repay it. If you have the slightest doubt with regard to your repayment potential, stop and rethink your decision. Taking a Bad Credit Holiday Loan that you may not be able to repay is only worsening your already bad credit score. The idea of such loans is to make you feel just like the rest--allowing you the opportunity to buy a new home, make medical payments, buy a car, pay your child's tuition fees, make house repairs for Christmas and yes, even take a holiday!
Bad Credit Holiday Loans are available in different denominations. Lenders will or rather have to take into account your outstanding debt, your credit score, you ability to repay, details of your expenses and income, etc. This is only justified because they also have to secure their own position. Lenders will also be more cautious when it comes to approving a Bad Credit Holiday Loan simply because they need to be assured that you will repay the loan this time. On your part, you therefore have to take care of this. Stack up your assets to better your repayment capacity, get a co-signer if needed. Also approach a lender you have worked with in the past and preferably someone you have had a good relationship with. You also need to search the market for current interest rates, loan terms, essential documents, etc. This will only make you aware of the necessities of the regular loan process.
by Marshaa Claire
Bad credit is something many of us land up with once we've taken more than we can financially handle. It's not something that we need to be afraid of since a lot of us have landed up with it and have found ways of dealing with it. Getting out of debt is definitely not as easy as it sounds--it needs us to make a lot of hard decisions and also needs us to be determined enough to stick by them. There are a lot of borrowers like you and me who often make the mistake of taking loans without considering whether we will be able to afford its repayments. Since, everyone deserves a second chance to better their record, there now are Bad Credit Loans available in different categories to assist you in bettering your credit score.
In this category of Bad Credit loan, there are varieties like Bad Credit Personal Loans, Bad Credit Secured and Unsecured Loans, Bad Credit Home Loans, Bad Credit Car Loans, Bad Credit Holiday Loans...wait a minute Bad Credit Holiday Loans???
Shocking but true.... Bad Credit Holiday Loans are available to those with bad credit too. You defaulted on your payments and are trying to get yourself back on track, but whoever said that you cannot take a holiday? Bad Credit Holiday Loans are the ideal way to go if you need to get out of the debt mess for a while and think things over. Just because you are labelled with bad credit, does not mean you cannot enjoy yourself--life doesn't come to an end. In fact, the best way to repair your credit score is to repay your loans on time. Taking a Bad Credit Holiday Loan and repaying it on time and in full is the best way out.
Bad Credit Holiday Loans also ease it out for you. They assist you by tying package deals for holidays and other such travels. Bad Credit Holiday Loans cover accommodation, travel tickets, sight-seeing and other guided tours, etc. They are great deals if you are sure of your ability to repay it. If you have the slightest doubt with regard to your repayment potential, stop and rethink your decision. Taking a Bad Credit Holiday Loan that you may not be able to repay is only worsening your already bad credit score. The idea of such loans is to make you feel just like the rest--allowing you the opportunity to buy a new home, make medical payments, buy a car, pay your child's tuition fees, make house repairs for Christmas and yes, even take a holiday!
Bad Credit Holiday Loans are available in different denominations. Lenders will or rather have to take into account your outstanding debt, your credit score, you ability to repay, details of your expenses and income, etc. This is only justified because they also have to secure their own position. Lenders will also be more cautious when it comes to approving a Bad Credit Holiday Loan simply because they need to be assured that you will repay the loan this time. On your part, you therefore have to take care of this. Stack up your assets to better your repayment capacity, get a co-signer if needed. Also approach a lender you have worked with in the past and preferably someone you have had a good relationship with. You also need to search the market for current interest rates, loan terms, essential documents, etc. This will only make you aware of the necessities of the regular loan process.
Saturday, March 14, 2009
Costa Rica Real Estate : Economic, Political, and Social Stability
Costa Rica Real Estate : Economic, Political, and Social Stability
by Victoria M. Brown
Amidst the political and social turbulence that plagues many of the Latin America countries, Costa Rica has been able to sidestep that. The economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and as one of its most important strengths, has enabled it to reach great success in luring foreign investors.
Costa Rica's government has been a stable democracy since 1949. The country's success was recognized in 1987 when President Arias Sanchez was awarded the Nobel Peace Prize. The award was granted for the president's high ethical standards and the image that he portrayed as a representative of the Costa Rican people. The people share in his high ethics and morals. They are recognized to be among the top educated and socially aware people in the world.
Political Stability
Costa Rica was the first country in the world to constitutionally abolish its army. Following civil war in the 1940's, Costa Rica ended rule by armed forces and established a democratic republic. Since 1949, the Costa Rican government has been a stable democracy that is governed by a strong, democratic constitution. Even before the current democracy was established, the Costa Rican government stemmed from a political tradition of rule by the majority. Its government has also been able to work towards pacification and successfully avoid the widespread violence that occurs throughout most of Latin America. Costa Rica is one of the most stable governments in the region.
Economic Stability
For the past twenty years, Costa Rica has not experienced any economic crisis. For a developing country, that is a great accomplishment. Poverty has been reduced from 40 percent of the population to below 20 percent of the population, which is over a 50 percent reduction. The average economic growth rate of the country is approximately 2.5 percent each year. Costa Rica has increased their participation in world trade as well. Exports rose from 30 percent of the GDP in 1980 to 50 percent in 2000. The increase in trade has led to an expansion of the economy and greatly reduced the economy's vulnerability to financial crisis. As the Central American Free Trade Agreement (CAFTA) was implemented, Costa Rica was further integrated into the world economy and economic stability was further established.
With a $1.9-billion-a-year tourism industry, Costa Rica stands as the most visited nation in the Central American region. Most of the tourists come from the U.S. (54%) which translates into a relatively high expenditure per tourist of $1000 per trip. In 2005, tourism contributed with 8.1% of the country's GNP and represented 13.3% of direct and indirect employment. Ecotourism is extremely popular with the many tourists visiting the extensive national parks and protected areas around the country. Costa Rica was a pioneer in this type of tourism and the country is recognized as one of the few with real ecotourism. The protection of the environment has also become a top priority to Costa Ricans and their government.
Social Stability
As Costa Rica has succeeded in implementing political and economic stability, many of the country's policies focus on social stability. Economic and political policies have helped to ensure that the basic needs of the people are being met and the standard of living is continually improving. The Costa Rican people are well-educated and nearly the whole population is literate. The literacy rate in Costa Rica is of 96% (CIA World Factbook, February 2007). Elementary and high schools are found throughout the country in practically every community. Universal public education is guaranteed in the Constitution. Primary education is obligatory, and both preschool and high school are free. There are both state and private universities.
According to the United Nations Study conducted in 1980s, Costa Rica's medical system was first in Latin America and ranked near the United States and Canada among the 20 best in the world. There is access to clean water and health services and the life expectancy rate is high. The World Health Report (1995) placed Costa Rica third in life expectancy in the world. All of Costa Rica's social indicators are among the best in Latin America.
All of the achievements that the Costa Rican government has made in the past 50 years have led to political, economic, and social stability. It is no reason why Costa Rica Real Estate Investments are increasing at an alarming rate each year. According to the U.S. Embassy's website, over 20,000 private American citizens reside in the country. While property prices still remain extremely reasonable, the great attraction to Costa Rica, on all levels, is raising property prices and many investors are enjoying double-digit appreciation annually.
by Victoria M. Brown
Amidst the political and social turbulence that plagues many of the Latin America countries, Costa Rica has been able to sidestep that. The economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and as one of its most important strengths, has enabled it to reach great success in luring foreign investors.
Costa Rica's government has been a stable democracy since 1949. The country's success was recognized in 1987 when President Arias Sanchez was awarded the Nobel Peace Prize. The award was granted for the president's high ethical standards and the image that he portrayed as a representative of the Costa Rican people. The people share in his high ethics and morals. They are recognized to be among the top educated and socially aware people in the world.
Political Stability
Costa Rica was the first country in the world to constitutionally abolish its army. Following civil war in the 1940's, Costa Rica ended rule by armed forces and established a democratic republic. Since 1949, the Costa Rican government has been a stable democracy that is governed by a strong, democratic constitution. Even before the current democracy was established, the Costa Rican government stemmed from a political tradition of rule by the majority. Its government has also been able to work towards pacification and successfully avoid the widespread violence that occurs throughout most of Latin America. Costa Rica is one of the most stable governments in the region.
Economic Stability
For the past twenty years, Costa Rica has not experienced any economic crisis. For a developing country, that is a great accomplishment. Poverty has been reduced from 40 percent of the population to below 20 percent of the population, which is over a 50 percent reduction. The average economic growth rate of the country is approximately 2.5 percent each year. Costa Rica has increased their participation in world trade as well. Exports rose from 30 percent of the GDP in 1980 to 50 percent in 2000. The increase in trade has led to an expansion of the economy and greatly reduced the economy's vulnerability to financial crisis. As the Central American Free Trade Agreement (CAFTA) was implemented, Costa Rica was further integrated into the world economy and economic stability was further established.
With a $1.9-billion-a-year tourism industry, Costa Rica stands as the most visited nation in the Central American region. Most of the tourists come from the U.S. (54%) which translates into a relatively high expenditure per tourist of $1000 per trip. In 2005, tourism contributed with 8.1% of the country's GNP and represented 13.3% of direct and indirect employment. Ecotourism is extremely popular with the many tourists visiting the extensive national parks and protected areas around the country. Costa Rica was a pioneer in this type of tourism and the country is recognized as one of the few with real ecotourism. The protection of the environment has also become a top priority to Costa Ricans and their government.
Social Stability
As Costa Rica has succeeded in implementing political and economic stability, many of the country's policies focus on social stability. Economic and political policies have helped to ensure that the basic needs of the people are being met and the standard of living is continually improving. The Costa Rican people are well-educated and nearly the whole population is literate. The literacy rate in Costa Rica is of 96% (CIA World Factbook, February 2007). Elementary and high schools are found throughout the country in practically every community. Universal public education is guaranteed in the Constitution. Primary education is obligatory, and both preschool and high school are free. There are both state and private universities.
According to the United Nations Study conducted in 1980s, Costa Rica's medical system was first in Latin America and ranked near the United States and Canada among the 20 best in the world. There is access to clean water and health services and the life expectancy rate is high. The World Health Report (1995) placed Costa Rica third in life expectancy in the world. All of Costa Rica's social indicators are among the best in Latin America.
All of the achievements that the Costa Rican government has made in the past 50 years have led to political, economic, and social stability. It is no reason why Costa Rica Real Estate Investments are increasing at an alarming rate each year. According to the U.S. Embassy's website, over 20,000 private American citizens reside in the country. While property prices still remain extremely reasonable, the great attraction to Costa Rica, on all levels, is raising property prices and many investors are enjoying double-digit appreciation annually.
How to Sit Pretty in a Real Estate Buyer's Market
How to Sit Pretty in a Real Estate Buyer's Market
by Kristin Abouelata
Thinking of buying a home because opportunities abound and rates are low? Here are a few tips to get you what you want.......
It's a buyer's market right now. Rates are low, houses are available. There will always be people buying and selling homes. Opportunities abound from which to benefit. But, how do you make sure you're sitting in the catbird seat when the right opportunity is available to you?
Get your ducks in a row. First things first, review your credit. Now. Word on the street is 79% of all credit reports have errors. Some may be significant enough to prevent you from qualifying for a mortgage. You can pull a free report from each of the three bureaus every twelve months by visiting annualcreditreport.com. If you do see something that looks out of whack, address it immediately. Take your credit report seriously. Treat it with respect because your credit score and history are the most important indicators to be considered when applying for a mortgage.
Start saving money for a down payment. Sure, there are 100% loans still available, especially for the first time homebuyer. However, you are going to save money in the long run if you have a little something to put down. Mortgage insurance, required on loans with less than 20% down, is tiered. You will not pay the same monthly mortgage insurance for a loan with 5% down that you would if you put 10% down. And don't forget, you still may have to foot prepaid items like taxes, insurance, interest, etc. or a portion of the closing costs.
Make sure you really know what you make and are able to verify it. Also, know your true bank and asset balances. The days of stated income responses from underwriting engines are few and far between. There are exceptions, but who knows if you are one of them at this point? Better safe than sorry.
And here is a great bit of info to keep your credit score high. Try to keep your credit cards to under 25% of the available balance. Not always easy to do. I completely understand. However, if you are unable to pay it down, you may want to see if the creditor will raise your credit limit to tweak your ratios.
Ok, so here is the no brainer tip. Pay your bills on time. Always avoid paying over 30 days late. Always pay your mortgage first, then sweat the other bills. That one ding on a mortgage payment can completely knock you out of the lending arena.
After addressing the above, consult a good mortgage lender and see where you stand. It's important to be pre-qualified for a loan before you find a house. It really strengthens your offer when the seller knows you are a serious contender who can obtain financing. You negotiate from a position of strength.
Don't forget to ask around or use a realtor you know and trust. Just like a lender, the more experienced - the better. Work only with people with whom you "click" that listen to you and work hard for you.
It's a great time to buy. If you're so inclined, use these tips and be prepared to take advantage of the current housing climate!
by Kristin Abouelata
Thinking of buying a home because opportunities abound and rates are low? Here are a few tips to get you what you want.......
It's a buyer's market right now. Rates are low, houses are available. There will always be people buying and selling homes. Opportunities abound from which to benefit. But, how do you make sure you're sitting in the catbird seat when the right opportunity is available to you?
Get your ducks in a row. First things first, review your credit. Now. Word on the street is 79% of all credit reports have errors. Some may be significant enough to prevent you from qualifying for a mortgage. You can pull a free report from each of the three bureaus every twelve months by visiting annualcreditreport.com. If you do see something that looks out of whack, address it immediately. Take your credit report seriously. Treat it with respect because your credit score and history are the most important indicators to be considered when applying for a mortgage.
Start saving money for a down payment. Sure, there are 100% loans still available, especially for the first time homebuyer. However, you are going to save money in the long run if you have a little something to put down. Mortgage insurance, required on loans with less than 20% down, is tiered. You will not pay the same monthly mortgage insurance for a loan with 5% down that you would if you put 10% down. And don't forget, you still may have to foot prepaid items like taxes, insurance, interest, etc. or a portion of the closing costs.
Make sure you really know what you make and are able to verify it. Also, know your true bank and asset balances. The days of stated income responses from underwriting engines are few and far between. There are exceptions, but who knows if you are one of them at this point? Better safe than sorry.
And here is a great bit of info to keep your credit score high. Try to keep your credit cards to under 25% of the available balance. Not always easy to do. I completely understand. However, if you are unable to pay it down, you may want to see if the creditor will raise your credit limit to tweak your ratios.
Ok, so here is the no brainer tip. Pay your bills on time. Always avoid paying over 30 days late. Always pay your mortgage first, then sweat the other bills. That one ding on a mortgage payment can completely knock you out of the lending arena.
After addressing the above, consult a good mortgage lender and see where you stand. It's important to be pre-qualified for a loan before you find a house. It really strengthens your offer when the seller knows you are a serious contender who can obtain financing. You negotiate from a position of strength.
Don't forget to ask around or use a realtor you know and trust. Just like a lender, the more experienced - the better. Work only with people with whom you "click" that listen to you and work hard for you.
It's a great time to buy. If you're so inclined, use these tips and be prepared to take advantage of the current housing climate!
Investment Property Advice For Real Estate Investors
Investment Property Advice For Real Estate Investors
by Alex Anderson
Author of the Rich Dad book series, Robert Kiyosaki, says his "Rich Dad" asserts that investing in real estate isn't rocket-science. He said it's simply a matter of using sound judgment. But it's common knowledge that common-sense isn't, in fact, all that typical.
Kiyosaki also says, the "worst" investors are those who have simply not studied the things that produce positive results. They adopt the viewpoint that investing in real estate is either too much of a risk or a rip off. Others leap before they look and end up losing money.
The best advice anyone can give you having to do with investing is simply to educate oneself. If, in your haste to make money, you take action without an education, you will be doing yourself a great disservice. One of your most valuable resources is time and if you squander that, you will often find that your money will follow - money you have that you wind up losing, equity you would have made if you'd just taken the time to figure out the techniques of successful investors.
"That is great," you may say. You probably accede that getting a good education is invariably a good thing. At the end of the day, knowledge is power. But "what education should I get?" may be your 1st question. Your 2nd is probably going to be, "How do I go about getting it?"
The first thing you should do is study some essential accounting, which is not as ambiguous as it sounds. Accounting is the language of business. If you're investing in a company or a piece of property or what have you, you will want to be willing to check up on it and see if it will be a benefit (earn you money) or a liability (lose your money). It sounds like common wisdom when you think about it, doesn't it? But if you want to be able to determine those things, you will want to be able to evaluate your financial-statements.
There are 4 basic types of financial statements: cash flow statements, income statements, balance sheets, and statements that express changes in a share holder's equity. The last is pretty self explanatory, and deals with the characteristics that lie surrounded by equity at two opposing points in time. Shareholder equity is the net worth of a company, or it's total assets minus its total liabilities.
Your cash flow statement is a document that details the cash used in making a company function correctly, plus where the money came from. Wikipedia relates a business to a large vat of water that holds more of the liquid and also has lines running from within to the outside of it - into the investor's pockets and those to whom the business is in debt. The cash-flow-statement attempts to describe the activity of the water - or the flow of your cash.
The earnings (or P&L statement) watches out for a company's earnings and expenses over a given time period, as the balance sheet provides a description the same thing for 1 distinct window of time and addresses assets and liabilities.
It may seem quite straight-forward until you reflect upon Kiyosaki's words on discerning your assets and your liabilities apart from one another. He says that the lending institution, for instance, will list your home as an asset. It seems reasonable. After all, it's something you own, right? Yet as stated by Kiyosaki's rich dad's statement of liabilities and assets, your house is in fact a liability. It's considered a liability because it ultimately costs you money in dues and updates. It undoubtedly is not making income for you, and up to the time it starts doing that (say, you move out and are able to rent the first property out to make a profit), then it is not an asset.
Not that the bank is lying to you outright. A house is an asset on their balance sheet because it is making money for THEM.
That's the type of thing you can decide for yourself and determine whether you are losing or making money on an investment, if you take the time to educate yourself education. Remember: Knowledge is POWER.
by Alex Anderson
Author of the Rich Dad book series, Robert Kiyosaki, says his "Rich Dad" asserts that investing in real estate isn't rocket-science. He said it's simply a matter of using sound judgment. But it's common knowledge that common-sense isn't, in fact, all that typical.
Kiyosaki also says, the "worst" investors are those who have simply not studied the things that produce positive results. They adopt the viewpoint that investing in real estate is either too much of a risk or a rip off. Others leap before they look and end up losing money.
The best advice anyone can give you having to do with investing is simply to educate oneself. If, in your haste to make money, you take action without an education, you will be doing yourself a great disservice. One of your most valuable resources is time and if you squander that, you will often find that your money will follow - money you have that you wind up losing, equity you would have made if you'd just taken the time to figure out the techniques of successful investors.
"That is great," you may say. You probably accede that getting a good education is invariably a good thing. At the end of the day, knowledge is power. But "what education should I get?" may be your 1st question. Your 2nd is probably going to be, "How do I go about getting it?"
The first thing you should do is study some essential accounting, which is not as ambiguous as it sounds. Accounting is the language of business. If you're investing in a company or a piece of property or what have you, you will want to be willing to check up on it and see if it will be a benefit (earn you money) or a liability (lose your money). It sounds like common wisdom when you think about it, doesn't it? But if you want to be able to determine those things, you will want to be able to evaluate your financial-statements.
There are 4 basic types of financial statements: cash flow statements, income statements, balance sheets, and statements that express changes in a share holder's equity. The last is pretty self explanatory, and deals with the characteristics that lie surrounded by equity at two opposing points in time. Shareholder equity is the net worth of a company, or it's total assets minus its total liabilities.
Your cash flow statement is a document that details the cash used in making a company function correctly, plus where the money came from. Wikipedia relates a business to a large vat of water that holds more of the liquid and also has lines running from within to the outside of it - into the investor's pockets and those to whom the business is in debt. The cash-flow-statement attempts to describe the activity of the water - or the flow of your cash.
The earnings (or P&L statement) watches out for a company's earnings and expenses over a given time period, as the balance sheet provides a description the same thing for 1 distinct window of time and addresses assets and liabilities.
It may seem quite straight-forward until you reflect upon Kiyosaki's words on discerning your assets and your liabilities apart from one another. He says that the lending institution, for instance, will list your home as an asset. It seems reasonable. After all, it's something you own, right? Yet as stated by Kiyosaki's rich dad's statement of liabilities and assets, your house is in fact a liability. It's considered a liability because it ultimately costs you money in dues and updates. It undoubtedly is not making income for you, and up to the time it starts doing that (say, you move out and are able to rent the first property out to make a profit), then it is not an asset.
Not that the bank is lying to you outright. A house is an asset on their balance sheet because it is making money for THEM.
That's the type of thing you can decide for yourself and determine whether you are losing or making money on an investment, if you take the time to educate yourself education. Remember: Knowledge is POWER.
Wednesday, March 11, 2009
Reasons To Go For Real Estate Investment
Reasons To Go For Real Estate Investment
by Nahpihta Onamnuhc
Current info about real estate investment is not always the easiest thing to locate. Also, it is quite challenging for new comers who what to enter to this industry. Fortunately, this report includes the latest real estate investment info available.
As today, real estate industry has been attracted by many of investors, especially ones who wan to become a real estate broker. It has bee told that real estate investment is one of the most investment type that give very high ROI and could become very quick profitable. One of the reason that make real estate investment is very high profitable is because they involve with the high value property, people who invest in this sector get very high rate of commission based on the property they selling. Also Real estate is more of a stable investment than many others; vary rarely does property value ever go down, and it is the thing that everyone need to have for their residence.
There are many format of real estate investments such as broker, which you have a job to be an agent of the house owner who is selling their house or you can be a real estate investor who buy an old house in a very cheap price, then you renovate and maintenance it fix it up and sell for a higher price, which is generally called home flipping, or the other popular for mat of real estate investment is the rental, which you buy a house, apartment or flat and open for rent.
No matter which way you are doing in real estate property, it still the business that give very high profit. However, before you decide to enter to the market, you have to make sure that you have enough knowledge about this industry such as market condition, competitor analysis etc. If you find yourself confused by what you've read to this point, don't despair. Everything should be crystal clear by the time you finish.
However, in this article, I would like to give you some of initial guideline on a type of real estate investment, which is probably the most get rich quick one, home flipping. Home flipping can be called house flipping, it is the type of real estate investment that you looking for a very cheap old house and then fix or re-decorate it to become a new house and sell in higher price. This kind of business could give you a profit in a very short time as soon as you can sell the house that has just renovated. However, you may curious that what is the key of success of home flipping business.
It is really depends on quite some factors such as the location of the house, the market price and the style of decoration that have been renovated. However, one of the most important key that indicate the fail or success is the cost of the house. If possible, you should find the old house that has lowest cost in order to gain maximum profit. Those who only know one or two facts about real estate investment can be confused by misleading information. The best way to help those who are misled is to gently correct them with the truths you're learning here.
by Nahpihta Onamnuhc
Current info about real estate investment is not always the easiest thing to locate. Also, it is quite challenging for new comers who what to enter to this industry. Fortunately, this report includes the latest real estate investment info available.
As today, real estate industry has been attracted by many of investors, especially ones who wan to become a real estate broker. It has bee told that real estate investment is one of the most investment type that give very high ROI and could become very quick profitable. One of the reason that make real estate investment is very high profitable is because they involve with the high value property, people who invest in this sector get very high rate of commission based on the property they selling. Also Real estate is more of a stable investment than many others; vary rarely does property value ever go down, and it is the thing that everyone need to have for their residence.
There are many format of real estate investments such as broker, which you have a job to be an agent of the house owner who is selling their house or you can be a real estate investor who buy an old house in a very cheap price, then you renovate and maintenance it fix it up and sell for a higher price, which is generally called home flipping, or the other popular for mat of real estate investment is the rental, which you buy a house, apartment or flat and open for rent.
No matter which way you are doing in real estate property, it still the business that give very high profit. However, before you decide to enter to the market, you have to make sure that you have enough knowledge about this industry such as market condition, competitor analysis etc. If you find yourself confused by what you've read to this point, don't despair. Everything should be crystal clear by the time you finish.
However, in this article, I would like to give you some of initial guideline on a type of real estate investment, which is probably the most get rich quick one, home flipping. Home flipping can be called house flipping, it is the type of real estate investment that you looking for a very cheap old house and then fix or re-decorate it to become a new house and sell in higher price. This kind of business could give you a profit in a very short time as soon as you can sell the house that has just renovated. However, you may curious that what is the key of success of home flipping business.
It is really depends on quite some factors such as the location of the house, the market price and the style of decoration that have been renovated. However, one of the most important key that indicate the fail or success is the cost of the house. If possible, you should find the old house that has lowest cost in order to gain maximum profit. Those who only know one or two facts about real estate investment can be confused by misleading information. The best way to help those who are misled is to gently correct them with the truths you're learning here.
Using Cap Rates in Real Estate Investing
Using Cap Rates in Real Estate Investing
by Tom Wheelwright
If you are new to real estate, you are probably wondering about some of the terms you have heard at your real estate investment group or seen on the Internet. Understanding these terms is important to successful real estate investing. One of these terms is "Cap Rate." Cap Rate is short for Capitalization Rate. Effectively, the Cap Rate is the rate of return provided, prior to financing, by the cash flow of an investment property.
The equation to determine the Cap Rate (CR) of a property looks like this:
NOI/FMV = CR, where NOI is net operating income from the property and FMV is the fair market value of the property.
Let me give you a simple example.
Suppose you purchase a property for $500,000. And suppose your net operating income, after operating expenses but before any interest, principle or depreciation, is $50,000. Your Cap Rate is 10%, i.e., 50,000/500,000.
Now, this is your Cap Rate because you know what you paid for the property and you know its cash flow. But, what about the Market Cap Rate? The Market Cap Rate is the average Cap Rate that an investor in a specific market expects for a certain type of property.
You may wonder, "What is the significance of the Market Cap Rate for my property?" Well, values go down as Market Cap Rates go up. Conversely, as market cap rates go down, values go up. We can see this simply by restating the formula as follows:
NOI/CR = FMV
Let's take a look at our example when the Market Cap Rate changes.
Suppose the Market Cap Rate for your property goes from 10% to 7%. What does that mean for the value of your property? To find out, simply divide your net operating income (NOI) by the Cap Rate. So, 50,000/.07 = $714,000. Your property's value went from $500,000 to over $700,000 through no effort of yours, but simply because the Cap Rate went down.
Conversely, suppose the Market Cap Rate goes from 10% to 12%. What does that mean for the value of your property on the open market? Again, simply divide the NOI by the Cap Rate. So, $50,000/.12 = $417,000 So, the value of your property has decreased because the Market Cap Rate has increased.
What causes the Market Cap Rate (MCR) to change? It's simply a matter of supply and demand. The more demand for investment property, the lower the MCR. The lower the demand for investment property, the higher the MCR.
So what should the Cap Rate of a property mean to you?
A Cap Rate should tell you two things. The first is how leverage will affect your investment. As long as your Cap Rate is higher than your borrowing cost (interest rate), then you should borrow as much as possible with respect to the acquisition and/or holding of that property. However, if your Cap Rate is less than your borrowing cost, then you should either pay cash for the property or find a different property to buy.
You should also monitor your property Cap Rates to help you determine when you should sell. You should probably sell the property if the Cap Rate falls below your borrowing cost. Why? Because in opportunity cost, you are losing money. Here is an example:
Let's say you purchased your property for $500,000 when the Market Cap Rate was 10%. And let's say your mortgage is at 7%. Now, suppose the MCR goes to 5%. What should you do? You should probably sell the property.
At this point, the property is worth $1,000,000. Let's say you want to maximize your Velocity of Money, so you refinance to a total of $800,000. Your NOI is still $50,000. But you are paying 7% on your money. So now, your interest is $56,000 but your income is only $50,000 so you have negative cash flow of $6,000. With the MCR below your borrowing cost, borrowing out the equity puts you in a negative cash flow position. Instead, you should look at the advantages of selling the property and purchasing a new property with a higher Cap Rate.
Of course, there are some things you can do to increase the value without regard to the Cap Rate. Your value will increase any time you increase your NOI. If you can make changes to your property to increase the rent or to decrease expenses, you will increase the value of your property even if your Cap Rate stays the same.
But any time your cap rate gets lower than your borrowing rate, you should consider selling the property. Many people in Phoenix and California got caught in this trap in the mid-2000's. Cap rates were at an all time low; some as low as 3-4%. These same people lost many of their properties to foreclosure because they could not make the negative cash flow payments.
So pay attention to the Cap Rate in your market for your investments. If Cap Rates are low, it may be time to sell. If Cap Rates are high, it may be a great time to buy more property in your market. A good real estate broker can give you a pretty good idea of the cap rate for your property.
by Tom Wheelwright
If you are new to real estate, you are probably wondering about some of the terms you have heard at your real estate investment group or seen on the Internet. Understanding these terms is important to successful real estate investing. One of these terms is "Cap Rate." Cap Rate is short for Capitalization Rate. Effectively, the Cap Rate is the rate of return provided, prior to financing, by the cash flow of an investment property.
The equation to determine the Cap Rate (CR) of a property looks like this:
NOI/FMV = CR, where NOI is net operating income from the property and FMV is the fair market value of the property.
Let me give you a simple example.
Suppose you purchase a property for $500,000. And suppose your net operating income, after operating expenses but before any interest, principle or depreciation, is $50,000. Your Cap Rate is 10%, i.e., 50,000/500,000.
Now, this is your Cap Rate because you know what you paid for the property and you know its cash flow. But, what about the Market Cap Rate? The Market Cap Rate is the average Cap Rate that an investor in a specific market expects for a certain type of property.
You may wonder, "What is the significance of the Market Cap Rate for my property?" Well, values go down as Market Cap Rates go up. Conversely, as market cap rates go down, values go up. We can see this simply by restating the formula as follows:
NOI/CR = FMV
Let's take a look at our example when the Market Cap Rate changes.
Suppose the Market Cap Rate for your property goes from 10% to 7%. What does that mean for the value of your property? To find out, simply divide your net operating income (NOI) by the Cap Rate. So, 50,000/.07 = $714,000. Your property's value went from $500,000 to over $700,000 through no effort of yours, but simply because the Cap Rate went down.
Conversely, suppose the Market Cap Rate goes from 10% to 12%. What does that mean for the value of your property on the open market? Again, simply divide the NOI by the Cap Rate. So, $50,000/.12 = $417,000 So, the value of your property has decreased because the Market Cap Rate has increased.
What causes the Market Cap Rate (MCR) to change? It's simply a matter of supply and demand. The more demand for investment property, the lower the MCR. The lower the demand for investment property, the higher the MCR.
So what should the Cap Rate of a property mean to you?
A Cap Rate should tell you two things. The first is how leverage will affect your investment. As long as your Cap Rate is higher than your borrowing cost (interest rate), then you should borrow as much as possible with respect to the acquisition and/or holding of that property. However, if your Cap Rate is less than your borrowing cost, then you should either pay cash for the property or find a different property to buy.
You should also monitor your property Cap Rates to help you determine when you should sell. You should probably sell the property if the Cap Rate falls below your borrowing cost. Why? Because in opportunity cost, you are losing money. Here is an example:
Let's say you purchased your property for $500,000 when the Market Cap Rate was 10%. And let's say your mortgage is at 7%. Now, suppose the MCR goes to 5%. What should you do? You should probably sell the property.
At this point, the property is worth $1,000,000. Let's say you want to maximize your Velocity of Money, so you refinance to a total of $800,000. Your NOI is still $50,000. But you are paying 7% on your money. So now, your interest is $56,000 but your income is only $50,000 so you have negative cash flow of $6,000. With the MCR below your borrowing cost, borrowing out the equity puts you in a negative cash flow position. Instead, you should look at the advantages of selling the property and purchasing a new property with a higher Cap Rate.
Of course, there are some things you can do to increase the value without regard to the Cap Rate. Your value will increase any time you increase your NOI. If you can make changes to your property to increase the rent or to decrease expenses, you will increase the value of your property even if your Cap Rate stays the same.
But any time your cap rate gets lower than your borrowing rate, you should consider selling the property. Many people in Phoenix and California got caught in this trap in the mid-2000's. Cap rates were at an all time low; some as low as 3-4%. These same people lost many of their properties to foreclosure because they could not make the negative cash flow payments.
So pay attention to the Cap Rate in your market for your investments. If Cap Rates are low, it may be time to sell. If Cap Rates are high, it may be a great time to buy more property in your market. A good real estate broker can give you a pretty good idea of the cap rate for your property.
Business Opportunity and Real Estate Investment Advantages
Business Opportunity and Real Estate Investment Advantages
by Stephen Bush
A recent sampling of investment advice suggests substantial rationale to evaluate business opportunity and commercial real estate investing. An important financial attraction is the ability to exclude commercial property from the commercial loan process. Another key incentive to explore business financing options is the ability to finance a commercial mortgage or business loan with income produced by the commercial property or business.
The recent negative investment climate for residential real estate investment property has provided investors with new reasons to explore investing in business opportunity and business finance options. We will offer some candid advice about commercial mortgage and business financing as well as an overview about the importance of evaluating business and commercial investment property purchase possibilities.
Business Finance - Investing in Unique Businesses and Special Purpose Properties
Commercial real estate and business opportunity choices include special purpose situations such as funeral homes and golf courses. The unique characteristics of such business investment options translate to enhanced possibilities to differentiate a commercial business and provide added value.
Of course specialized business real estate investing does require special purpose business finance solutions such as golf course financing and funeral home financing. A critical requirement for business investment success is the ability to acquire a business loan that is appropriate for both the business and business owner.
Buy a Business with an SBA Loan for a Commercial Mortgage and Business Opportunity Finance
The option to use SBA financing (Small Business Administration loan) provides a business loan choice not available for residential real estate investing. This form of business financing is available to new business owners and can prove to be instrumental in purchasing a business opportunity or commercial real estate investment.
Business Opportunity Financing Without Real Estate Investment Property
Purchasing a business opportunity does not involve commercial real estate. The lack of a commercial mortgage can be an advantage if real estate values are decreasing because business value is dictated primarily by the business income rather than the real estate.
Business Loan - Commercial Investment Value Driven Primarily by Income
In comparison to residential real estate investment property value depending primarily on location, commercial real estate and business value is primarily determined by business income. This results in less sensitivity to local real estate property value trends. A business loan will require an appraisal evaluating business income, usually over several years.
Commercial Loan Precautions - Business Financing Problems to Avoid
Just as there are unique and substantial positive benefits associated with buying a business or commercial real estate investment property, there are also a number of special business loan and commercial mortgage problems to avoid when arranging business financing. It is especially relevant for residential real estate investors to realize that there are more than 20 key differences between residential and commercial investment finance options. There is a critical commercial loan difficulty to anticipate with each difference.
by Stephen Bush
A recent sampling of investment advice suggests substantial rationale to evaluate business opportunity and commercial real estate investing. An important financial attraction is the ability to exclude commercial property from the commercial loan process. Another key incentive to explore business financing options is the ability to finance a commercial mortgage or business loan with income produced by the commercial property or business.
The recent negative investment climate for residential real estate investment property has provided investors with new reasons to explore investing in business opportunity and business finance options. We will offer some candid advice about commercial mortgage and business financing as well as an overview about the importance of evaluating business and commercial investment property purchase possibilities.
Business Finance - Investing in Unique Businesses and Special Purpose Properties
Commercial real estate and business opportunity choices include special purpose situations such as funeral homes and golf courses. The unique characteristics of such business investment options translate to enhanced possibilities to differentiate a commercial business and provide added value.
Of course specialized business real estate investing does require special purpose business finance solutions such as golf course financing and funeral home financing. A critical requirement for business investment success is the ability to acquire a business loan that is appropriate for both the business and business owner.
Buy a Business with an SBA Loan for a Commercial Mortgage and Business Opportunity Finance
The option to use SBA financing (Small Business Administration loan) provides a business loan choice not available for residential real estate investing. This form of business financing is available to new business owners and can prove to be instrumental in purchasing a business opportunity or commercial real estate investment.
Business Opportunity Financing Without Real Estate Investment Property
Purchasing a business opportunity does not involve commercial real estate. The lack of a commercial mortgage can be an advantage if real estate values are decreasing because business value is dictated primarily by the business income rather than the real estate.
Business Loan - Commercial Investment Value Driven Primarily by Income
In comparison to residential real estate investment property value depending primarily on location, commercial real estate and business value is primarily determined by business income. This results in less sensitivity to local real estate property value trends. A business loan will require an appraisal evaluating business income, usually over several years.
Commercial Loan Precautions - Business Financing Problems to Avoid
Just as there are unique and substantial positive benefits associated with buying a business or commercial real estate investment property, there are also a number of special business loan and commercial mortgage problems to avoid when arranging business financing. It is especially relevant for residential real estate investors to realize that there are more than 20 key differences between residential and commercial investment finance options. There is a critical commercial loan difficulty to anticipate with each difference.
Tuesday, March 10, 2009
Utah Real Estate Search and Information
Utah Real Estate Search and Information
by Adam Evans
Pre-Qualify Should I Pre-Qualify First?
Pre-Qualifying is simply one of the first steps to buying a home. It costs you (the applicant) nothing and it gives the future buyer a good starting ground. Pre-Qualifying allows the buyer to know how much they can spend before ever spending time looking at homes.
It is especially beneficial because it can usually help a buyer uncover any credit problems that they may not have been aware of.
I would like to Pre-Qualify Now
Realtors How can a Realtor help?
Times have obviously changed in the Real Estate business. With the continuous advances of the internet more buyers tend to surf the web for homes and narrow down their choices before ever working with a realtor. Most people do not like to be tied down to a realtor especially if they don't already have a personal relationship with them.
Before I talk about how beneficial a realtor can be, allow me to address the issue of Buyer-Broker Agreements. This form is a very common agreement that is used by most realtors. The intention is a very honest one. In short, brokers/agents agree to help a client if the client agrees to only buy with them. It is a way to ensure that both parties are treated fairly. Unfortunately, it is not unheard of for this form to be abused. Occasionally, some realtors will have their clients sign these agreements with alarmingly long expiration dates. This is how buyers get tied down to using one realtor, whether they like the job that they're doing.
At Wright Brothers Real Estate, we believe that the clients and realtors should have a relationship that is based on trust and respect for each other. Generally a client will not be asked to sign any agreements until it is time to actually make an offer on a home. If for any reason the contract on the house falls through before closing, the client is released from their agreement and can either continue to work with us or find another agent. We believe that if the client does not want to work with us at any time, then we have not done our job correctly and they should be allowed to pursue other options.
Working with a realtor can be a very beneficial resource when looking for a home. While all buyers have access to a surplus of internet sites which list homes on the MLS (Multiple Listing Service), a realtor can access additional data that is not usually accessible. Also, agents have the capability of performing more detailed searches than the average website. Hotsheets
What Are Hotsheets?
Through a program that the MLS offers, Realtors are able to set up buyers with hotsheets that will send them information about a home as soon as it is listed according to their search criteria. For example, if a client were looking for homes near a golf course in the Salt Lake Area, a hotsheet would send them the info by email at the time of day that the client desires.
One reminder about working with an agent is that it costs the buyer nothing. The seller is the one that offers a commission to the agent that brings them a willing buyer. So why not use an agent?
Can I Afford a Home?
The potential buyer is obviously the best (or most important) judge of whether buying a home is right for them. While there are many benefits to getting away from renting, it is important to know if it is the right time to buy. Personal circumstances will always play a key role.
The only information I can share is the financial. Typically, a debt to income ratio of at least 50% is prefered as a minimum. So if a family's income is $3,500 a month, they would preferably have to pay less than $1,750 each month including their future home payments).
The best way to know what you can afford is by getting pre-qualified for a loan. This costs nothing and does not mean you have to get a loan.
Closing Costs What Are Closing Costs?
Closing costs at this point can only be loosely estimated. While they can be a bit costly, it is also possible to negotate with the seller to have them pay a portion of the costs. To get some idea as to what is involved in closing fees, I have listed a few good sites below.
visit: Closing Fee Calculator Wikipedia Closing Cost Info Mortgage-x.com
Commissions
Often, in Utah, the commision paid is about 6% by the seller at the time of closing. 3% goes to the listing agent and another 3% goes to the buyers agent (you are "offering" this percent to the agent that brings a buyer.) This is the reason why it costs the buyer nothing to use an agent. These rates are not set in stone. Which is one of the reasons that you see flat fee brokerages.
I would be glad to answer any questions that you have. please feel free to call me.
Adam Evans 801-680-7530 cobian77@yahoo.com
by Adam Evans
Pre-Qualify Should I Pre-Qualify First?
Pre-Qualifying is simply one of the first steps to buying a home. It costs you (the applicant) nothing and it gives the future buyer a good starting ground. Pre-Qualifying allows the buyer to know how much they can spend before ever spending time looking at homes.
It is especially beneficial because it can usually help a buyer uncover any credit problems that they may not have been aware of.
I would like to Pre-Qualify Now
Realtors How can a Realtor help?
Times have obviously changed in the Real Estate business. With the continuous advances of the internet more buyers tend to surf the web for homes and narrow down their choices before ever working with a realtor. Most people do not like to be tied down to a realtor especially if they don't already have a personal relationship with them.
Before I talk about how beneficial a realtor can be, allow me to address the issue of Buyer-Broker Agreements. This form is a very common agreement that is used by most realtors. The intention is a very honest one. In short, brokers/agents agree to help a client if the client agrees to only buy with them. It is a way to ensure that both parties are treated fairly. Unfortunately, it is not unheard of for this form to be abused. Occasionally, some realtors will have their clients sign these agreements with alarmingly long expiration dates. This is how buyers get tied down to using one realtor, whether they like the job that they're doing.
At Wright Brothers Real Estate, we believe that the clients and realtors should have a relationship that is based on trust and respect for each other. Generally a client will not be asked to sign any agreements until it is time to actually make an offer on a home. If for any reason the contract on the house falls through before closing, the client is released from their agreement and can either continue to work with us or find another agent. We believe that if the client does not want to work with us at any time, then we have not done our job correctly and they should be allowed to pursue other options.
Working with a realtor can be a very beneficial resource when looking for a home. While all buyers have access to a surplus of internet sites which list homes on the MLS (Multiple Listing Service), a realtor can access additional data that is not usually accessible. Also, agents have the capability of performing more detailed searches than the average website. Hotsheets
What Are Hotsheets?
Through a program that the MLS offers, Realtors are able to set up buyers with hotsheets that will send them information about a home as soon as it is listed according to their search criteria. For example, if a client were looking for homes near a golf course in the Salt Lake Area, a hotsheet would send them the info by email at the time of day that the client desires.
One reminder about working with an agent is that it costs the buyer nothing. The seller is the one that offers a commission to the agent that brings them a willing buyer. So why not use an agent?
Can I Afford a Home?
The potential buyer is obviously the best (or most important) judge of whether buying a home is right for them. While there are many benefits to getting away from renting, it is important to know if it is the right time to buy. Personal circumstances will always play a key role.
The only information I can share is the financial. Typically, a debt to income ratio of at least 50% is prefered as a minimum. So if a family's income is $3,500 a month, they would preferably have to pay less than $1,750 each month including their future home payments).
The best way to know what you can afford is by getting pre-qualified for a loan. This costs nothing and does not mean you have to get a loan.
Closing Costs What Are Closing Costs?
Closing costs at this point can only be loosely estimated. While they can be a bit costly, it is also possible to negotate with the seller to have them pay a portion of the costs. To get some idea as to what is involved in closing fees, I have listed a few good sites below.
visit: Closing Fee Calculator Wikipedia Closing Cost Info Mortgage-x.com
Commissions
Often, in Utah, the commision paid is about 6% by the seller at the time of closing. 3% goes to the listing agent and another 3% goes to the buyers agent (you are "offering" this percent to the agent that brings a buyer.) This is the reason why it costs the buyer nothing to use an agent. These rates are not set in stone. Which is one of the reasons that you see flat fee brokerages.
I would be glad to answer any questions that you have. please feel free to call me.
Adam Evans 801-680-7530 cobian77@yahoo.com
Pembroke Pines Real Estate - Rapid Growth
Pembroke Pines Real Estate - Rapid Growth
by Hector Lesende
Located in the Southern Broward County 15 miles from downtown Miami and Fort Lauderdale is the city of Pembroke Pines. Geographically, the city is located at 26°0′46″N, 80°18′49″W and is bound by Hollywood to the north and east, Miramar to the south and Everglades to the west. The city has an area of about 35 miles square and is considered to be among the largest cities in Broward County. In terms of land area, it is the largest city.
The place first came into notice in 1960 when it was incorporated. It is situated along the Pembroke Road which is lined with numerous pine trees and takes its name from there. After Hurricane Andrew took place in 1992, Pembroke Pines expanded rapidly as thousands of residents of the Miami-Dade County area shifted here.
The population of the city of Pembroke Pines was more than 150,000 around a decade ago and now the area is growing faster than ever. The Broward County Public schools district serves the area of Pembroke Pines. There are a number of public elementary and middle schools operating in the area with two famous high schools, Charles W. Flanagan High School and Everglades High School forming a part of the education system. The Florida International University has a campus in Pembroke Pines and so has the Broward Community College. The first language of the area is English followed by Spanish, French, Portuguese, Italian and Yiddish. Pembroke Pines has a good transportation system with car, auto and boat transport being the most popular modes for the locals. The US interstate highway is close by and this also promotes the transportation network.
Economically, the city has a bright future to look forward to. Its geographic location ensures that any new business will flourish here. Even the existing businesses can increase their sales promptly. The Fort Lauderdale/Hollywood International Airport is close by, making the area more viable for business deals. There is a huge market for none-durable goods in Pembroke Pines and among durable goods the market is good for machinery, equipment and other supplies. In the retail trade area, automotive industry plays a major revenue generator. Pembroke Pines enjoys an excellent year round warm weather with temperatures in the mid eighties.
Pembroke Pines Real Estate is coming back. A flourishing economy in the area has helped the real estate market to grow. Property types in Pembroke Pines include single family homes, townhouses, condos, commercial real estate and land. Average price of real estate is $387,000 and as high as $800,000 in some area. Some outstanding communities Pembroke Pines include Durango Estates, Grand Palms, Breakers Estates, Chapel Trail, Victoria Lakes and Panache. The market for real estate is extremely stable here and allows people to experiment with other options. The growth of commercial real estate in the area is an indicator of the fact that businesses will rapidly grow in this city. The number of foreclosures has double in recent months and there are plenty of investment opportunities in the area for real estate investors and also for owner-occupants. Pembroke Pines Real Estate will remain strong in 2008.
by Hector Lesende
Located in the Southern Broward County 15 miles from downtown Miami and Fort Lauderdale is the city of Pembroke Pines. Geographically, the city is located at 26°0′46″N, 80°18′49″W and is bound by Hollywood to the north and east, Miramar to the south and Everglades to the west. The city has an area of about 35 miles square and is considered to be among the largest cities in Broward County. In terms of land area, it is the largest city.
The place first came into notice in 1960 when it was incorporated. It is situated along the Pembroke Road which is lined with numerous pine trees and takes its name from there. After Hurricane Andrew took place in 1992, Pembroke Pines expanded rapidly as thousands of residents of the Miami-Dade County area shifted here.
The population of the city of Pembroke Pines was more than 150,000 around a decade ago and now the area is growing faster than ever. The Broward County Public schools district serves the area of Pembroke Pines. There are a number of public elementary and middle schools operating in the area with two famous high schools, Charles W. Flanagan High School and Everglades High School forming a part of the education system. The Florida International University has a campus in Pembroke Pines and so has the Broward Community College. The first language of the area is English followed by Spanish, French, Portuguese, Italian and Yiddish. Pembroke Pines has a good transportation system with car, auto and boat transport being the most popular modes for the locals. The US interstate highway is close by and this also promotes the transportation network.
Economically, the city has a bright future to look forward to. Its geographic location ensures that any new business will flourish here. Even the existing businesses can increase their sales promptly. The Fort Lauderdale/Hollywood International Airport is close by, making the area more viable for business deals. There is a huge market for none-durable goods in Pembroke Pines and among durable goods the market is good for machinery, equipment and other supplies. In the retail trade area, automotive industry plays a major revenue generator. Pembroke Pines enjoys an excellent year round warm weather with temperatures in the mid eighties.
Pembroke Pines Real Estate is coming back. A flourishing economy in the area has helped the real estate market to grow. Property types in Pembroke Pines include single family homes, townhouses, condos, commercial real estate and land. Average price of real estate is $387,000 and as high as $800,000 in some area. Some outstanding communities Pembroke Pines include Durango Estates, Grand Palms, Breakers Estates, Chapel Trail, Victoria Lakes and Panache. The market for real estate is extremely stable here and allows people to experiment with other options. The growth of commercial real estate in the area is an indicator of the fact that businesses will rapidly grow in this city. The number of foreclosures has double in recent months and there are plenty of investment opportunities in the area for real estate investors and also for owner-occupants. Pembroke Pines Real Estate will remain strong in 2008.
Sunday, March 8, 2009
Real Estate Tool Examples
Real Estate Tool Examples
by Matt Way
In the past, I've talked about some specific real estate tools that agents might consider providing for their site visitors. Some of the tools I discussed were as follows:
Real Estate Search Tools
Slide Shows
Mortgage Calculators
Maps
Each of these tools can be implemented in different ways and used for various aspects of helping your site visitors. Lets look at a couple of examples and see how the implementation of these tools can vary.
Real Estate Listing Search
The first tool I want to delve into is the search tool. As I mentioned in the previous post, a search tool can be implemented in a variety of ways. We'll examine two.
One way to implement listing searches is through what is called an "iframe". Here is an example of a listing page of Branson condos from a property management company in my area. While this page is a rather simple example of searching data, it definitely shows why I prefer the data push or "feed" method if it is available. Because this information is not coming from a database that the site owner controls, the only way to search the data is through the tool provided by the interface on the originating site. In this example, the only way to adjust the data is to select a sort order. Granted, the results only occupy three pages, so in this case it really isn't a major hindrance to the visitor. But what if this were a listings database for homes in a specific area? How would you filter out the cabins, or say, all brick exteriors? Definitely something to think about. How about if you wanted to eliminate the searching all-together and just show a page of properties that are lake front without requiring the visitor to click anything after they land on the page? Thankfully, there are multiple ways of providing information to your site visitors.
The other way to implement data searches for your visitors is through a data push or feed, as mentioned in the previous post, this allows you, the agent, to store the data in your own database and present it in ways that you feel are relevant to your particular site visitor. This is not available in all areas, so you may not have this opportunity available to you. However, I personally think this opportunity will continue to open up for others considering, the vast availability of listing databases like Google Base which has over 30,000 properties just for the state of Missouri alone.
With a data push, you have flexibility to present the information in various ways. Here is an example of a search tool by a Branson real estate firm using this method. This search form allows the visitor to filter out all kinds of information. Information that the user may not want to sift through. Since data providers must keep search tools appealing to a wide audience, it is not feasible for them to provide as many search operations in a generic tool because not every agent targets the same group. So, the basic search tool works nicely for more people, but not perfectly for each individual.
Does that mean that it is easier for the user? Not necessarily. Apparently, the firm mentioned in the previous paragraph realized that there are many visitors that might be interested in only lake properties and would like to see them without having to filter out unrelated properties. This is evident by their creating a page just for lake homes in Branson. This page has all the filtering done and the visitor can just browse the listings without having to revise the search or click parameters to set limits.
If the site owner chose to, they could split the lake homes page up into numerous pages showing homes on the lake in varying price ranges. They might have a page of lake homes that range from $150,000 to $250,000 and then another page showing only $251,000 to $500,000 and so on. All of this is with the user in mind, the idea is make it easy for the visitor to find what they want to find.
Mapping Properties
Let's say I am a looking for a new home because I am relocating to say, Missouri and I want something that is in a neighborhood. I don''t want something out in the middle of nowhere because I prefer the atmosphere of having neighbors close by. Well, I would need to be able to see where any property of interest is located without having to go to the location or have someone else go there and take photos and email them or whatever other method might work. Personally, I would just go to a real estate website utilizing property mapping technology to locate and view the homes there. Is it really a big help? Well, what about a site using Google maps? When I visit a page on a website like that, I can Immediately see if that property is in a neighborhood. The mapping doesn't have to stop there. What if you, the agent wanted to show each of your listings on a map? It could be done. The visitor, just clicks a house icon and the address pops up or they go to a details page with all the information and a contact button.
I hope this post was helpful. I wanted to show a couple of ways to creatively help your site visitors. I also wanted to highlight some big advantages to going with custom designs and having a programmer maintaining your website. With a knowledgeable professional helping you and consistently improving the functionality of your site, I feel you will be in a better position to assist your clients. The bottom line is, never stop trying to make your site more user-friendly and work to build your site for your specific market, not necessarily the masses.
by Matt Way
In the past, I've talked about some specific real estate tools that agents might consider providing for their site visitors. Some of the tools I discussed were as follows:
Real Estate Search Tools
Slide Shows
Mortgage Calculators
Maps
Each of these tools can be implemented in different ways and used for various aspects of helping your site visitors. Lets look at a couple of examples and see how the implementation of these tools can vary.
Real Estate Listing Search
The first tool I want to delve into is the search tool. As I mentioned in the previous post, a search tool can be implemented in a variety of ways. We'll examine two.
One way to implement listing searches is through what is called an "iframe". Here is an example of a listing page of Branson condos from a property management company in my area. While this page is a rather simple example of searching data, it definitely shows why I prefer the data push or "feed" method if it is available. Because this information is not coming from a database that the site owner controls, the only way to search the data is through the tool provided by the interface on the originating site. In this example, the only way to adjust the data is to select a sort order. Granted, the results only occupy three pages, so in this case it really isn't a major hindrance to the visitor. But what if this were a listings database for homes in a specific area? How would you filter out the cabins, or say, all brick exteriors? Definitely something to think about. How about if you wanted to eliminate the searching all-together and just show a page of properties that are lake front without requiring the visitor to click anything after they land on the page? Thankfully, there are multiple ways of providing information to your site visitors.
The other way to implement data searches for your visitors is through a data push or feed, as mentioned in the previous post, this allows you, the agent, to store the data in your own database and present it in ways that you feel are relevant to your particular site visitor. This is not available in all areas, so you may not have this opportunity available to you. However, I personally think this opportunity will continue to open up for others considering, the vast availability of listing databases like Google Base which has over 30,000 properties just for the state of Missouri alone.
With a data push, you have flexibility to present the information in various ways. Here is an example of a search tool by a Branson real estate firm using this method. This search form allows the visitor to filter out all kinds of information. Information that the user may not want to sift through. Since data providers must keep search tools appealing to a wide audience, it is not feasible for them to provide as many search operations in a generic tool because not every agent targets the same group. So, the basic search tool works nicely for more people, but not perfectly for each individual.
Does that mean that it is easier for the user? Not necessarily. Apparently, the firm mentioned in the previous paragraph realized that there are many visitors that might be interested in only lake properties and would like to see them without having to filter out unrelated properties. This is evident by their creating a page just for lake homes in Branson. This page has all the filtering done and the visitor can just browse the listings without having to revise the search or click parameters to set limits.
If the site owner chose to, they could split the lake homes page up into numerous pages showing homes on the lake in varying price ranges. They might have a page of lake homes that range from $150,000 to $250,000 and then another page showing only $251,000 to $500,000 and so on. All of this is with the user in mind, the idea is make it easy for the visitor to find what they want to find.
Mapping Properties
Let's say I am a looking for a new home because I am relocating to say, Missouri and I want something that is in a neighborhood. I don''t want something out in the middle of nowhere because I prefer the atmosphere of having neighbors close by. Well, I would need to be able to see where any property of interest is located without having to go to the location or have someone else go there and take photos and email them or whatever other method might work. Personally, I would just go to a real estate website utilizing property mapping technology to locate and view the homes there. Is it really a big help? Well, what about a site using Google maps? When I visit a page on a website like that, I can Immediately see if that property is in a neighborhood. The mapping doesn't have to stop there. What if you, the agent wanted to show each of your listings on a map? It could be done. The visitor, just clicks a house icon and the address pops up or they go to a details page with all the information and a contact button.
I hope this post was helpful. I wanted to show a couple of ways to creatively help your site visitors. I also wanted to highlight some big advantages to going with custom designs and having a programmer maintaining your website. With a knowledgeable professional helping you and consistently improving the functionality of your site, I feel you will be in a better position to assist your clients. The bottom line is, never stop trying to make your site more user-friendly and work to build your site for your specific market, not necessarily the masses.
Chicago Real Estate Auction by Hoffman Estates
Chicago Real Estate Auction by Hoffman Estates
by Robert Riles
"Hoffman Estates is conducting a Chicago Real Estate Auction of up to 150 properties. The properties include both new construction and resale homes and willing be sold through auctions".
That headline is a sure indication that auction as a tool to sell properties is here to stay. According to Holland Home Auctions, nearly 150 properties which are quality built homes in preferred settings. This is very unlike the usual auctions where the houses are usually foreclosed or distress sale houses in undesirable locations.
With bids starting at as low as 50% of the actual real estate price. It is an ideal way to get away from all the fine print and the clutter of discounts offered by various builders. According to Hoffman Estates, all the properties are well crafted, attractive new homes that includes a full warranty. Properties include single family residences, town homes and condominiums within the city as well as the suburbs.
Auction attendees and potential bidders can also inspect the auction properties by scheduling a private appointment with Hoffman Estates.
"We encourage all prospective bidders to bring along a professional home inspector and thoroughly check out any of the homes included in our real estate auction," said Holland, who added that a variety of financing programs provided by the auction company's preferred lender are available to those who qualify. "Upon closer inspection, I think you're going to be surprised by the quality, construction integrity, craftsmanship, amenities, curb appeal and location of these properties."
"This real estate auction adds up to an outstanding value and an unbeatable opportunity for house hunters looking to capitalize on a strong buyer's market," Holland said. "These homes have been specially selected by Holland Home Auctions. Why waste time driving around to communities in search of the right home, or deal with aggressive realtors when you can join us on November 10 and bid on a fantastic below-market priced property at Holland Home Auctions' first real estate auction." Some of the conditions for the Chicago Real Estate Auctions for prospective bidders are as follows
1.Pre-register for the event by either phone or online. Registration is free.
2.A certified cashiers cheque for 5000 dollars made payable to themselves, which will be used as a EMD in event of winning the auction.
3.The remainder EMD(10%) must be delivered prior to close of escrow
4.Buyer's premium of 5% of high bid will be added to all final accepted bids
5.There is also an option of getting pre-approved through preferred lenders. Upon qualification, you will have the option to put less than ten percent down and still bid on a home, plus your five percent buyer's premium will be reduced to four percent (4%) of the high bid price if you use the preferred lender.
6.All residences are sold as "as-is, where-is " basis. The Nov. 10 Chicago Real estate Auction will be conducted at The Stonegate Conference and Banquet facility, located at 2401 W. Higgins Rd. (near the Barrington Road I-90 interchange) in Hoffman Estates. For more details on the auction, including terms and conditions, visit our website or call (877) 499-5478.
by Robert Riles
"Hoffman Estates is conducting a Chicago Real Estate Auction of up to 150 properties. The properties include both new construction and resale homes and willing be sold through auctions".
That headline is a sure indication that auction as a tool to sell properties is here to stay. According to Holland Home Auctions, nearly 150 properties which are quality built homes in preferred settings. This is very unlike the usual auctions where the houses are usually foreclosed or distress sale houses in undesirable locations.
With bids starting at as low as 50% of the actual real estate price. It is an ideal way to get away from all the fine print and the clutter of discounts offered by various builders. According to Hoffman Estates, all the properties are well crafted, attractive new homes that includes a full warranty. Properties include single family residences, town homes and condominiums within the city as well as the suburbs.
Auction attendees and potential bidders can also inspect the auction properties by scheduling a private appointment with Hoffman Estates.
"We encourage all prospective bidders to bring along a professional home inspector and thoroughly check out any of the homes included in our real estate auction," said Holland, who added that a variety of financing programs provided by the auction company's preferred lender are available to those who qualify. "Upon closer inspection, I think you're going to be surprised by the quality, construction integrity, craftsmanship, amenities, curb appeal and location of these properties."
"This real estate auction adds up to an outstanding value and an unbeatable opportunity for house hunters looking to capitalize on a strong buyer's market," Holland said. "These homes have been specially selected by Holland Home Auctions. Why waste time driving around to communities in search of the right home, or deal with aggressive realtors when you can join us on November 10 and bid on a fantastic below-market priced property at Holland Home Auctions' first real estate auction." Some of the conditions for the Chicago Real Estate Auctions for prospective bidders are as follows
1.Pre-register for the event by either phone or online. Registration is free.
2.A certified cashiers cheque for 5000 dollars made payable to themselves, which will be used as a EMD in event of winning the auction.
3.The remainder EMD(10%) must be delivered prior to close of escrow
4.Buyer's premium of 5% of high bid will be added to all final accepted bids
5.There is also an option of getting pre-approved through preferred lenders. Upon qualification, you will have the option to put less than ten percent down and still bid on a home, plus your five percent buyer's premium will be reduced to four percent (4%) of the high bid price if you use the preferred lender.
6.All residences are sold as "as-is, where-is " basis. The Nov. 10 Chicago Real estate Auction will be conducted at The Stonegate Conference and Banquet facility, located at 2401 W. Higgins Rd. (near the Barrington Road I-90 interchange) in Hoffman Estates. For more details on the auction, including terms and conditions, visit our website or call (877) 499-5478.
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