Saturday, November 25, 2006

Determinant Of Resale Value Of Your House

In your desire to buy a house you may consider many things. But as most home buyers expect to buy a bigger and better home one day in the future, resale value is an important factor in decision-making. It is now widely common to sell one home to buy the next one.

There is no rule that the value of your house will grow. But there are a few tips you can follow in order to maximize the value of your house. Location is the main factor determining the future value of your house. It may even be the first word pronounced by any agent when you will ask him for advice about buying a home. The idea is to buy a house that will appeal to the largest number of potential future homebuyers. A careful choice of location can minimize potential negative influences on future resale value, and maximize positive influences.

When considering location you have to consider at the same time three criteria. First you have to choose a community which has a good and stable economy. In fifteen or twenty years your community needs to be still attractive to new home buyers. It is essential also the community should be including a mixture of commercial and business districts. Check also on the services provided by local government like the local library or transportation system. You should also examine local crime statistics and see how the city compares to the national average and other local communities. Nobody wants to leave in a dangerous environment, especially if you have kids. The last thing you should look into is the ranking of the local schools.

Mainly look around and try to get an accurate picture of the community and your house in a few years. If you follow these few steps, you should narrow your choice down to just a few local communities and make the right choice.

Friday, November 24, 2006

Today Indiana - Tomorrow the World

So, you want to own land in Indiana but your credit cards are all maxed out and you have only got 4 dollars to your name? Get this, your prayers have been answered by some crazy real estate tycoons in NYC… well, sort of. American Acres, Inc. is a New York City based company that is growing “inch by inch” in the truest sense of the words. A Web surfer who visits the Own a Piece of America web site can become the proud owner of land in West, Pike County Indiana for as little as $3.95. Yeah sure, it’s only a single square inch, but you will have your name on a real and full sized deed and that’s big.

Scott Moger, president of American Acres, is quick to point out that “these ‘mini-estates’ can't be lived on or retired on. Land Owners may not drill for oil or build tiny one square inch apartment complexes that tower into the Indiana skies. Owners shall not occupy the parcels and must grant rights of ingress and egress over their parcel. But they are completely free of additional responsibility and obligations. And the fun of flossing to your friends about owning land in the United States is priceless, to say the least!” These Lil’ Lots make a perfect unique gift for Christmas or a great present for a Birthday.”

Although property owners are not able to do much with the land they are also not subject to the difficulties that most land owners face. NO TAXES! Heck, that’s an American dream in itself. There will be no taking out the trash, no mowing the lawn and no local jury duty. It’s like buying a piece of freedom.

Never before has something so small become so big. Land from Own A Piece Of America has been sold around the world in China, Japan, India, Germany, Spain, The United Kingdom, Canada, of course the USA and many other countries.

Thursday, November 23, 2006

Moving Advice

A local move, means a shipment of goods where the origin and destination are within the same state and less than 100 miles apart.

Moves that are still within the same state but are more than 99 miles from origin to destination are considered intrastate moves and moves where goods travel across state lines are referred to as interstate moves.

New York City and State Moving Company Quotes

Local moving companies in New York City charge for completing local moving on an hourly rate and estimated time basis and you may be able to get the local moving company's hourly rate by phone.

The moving company will still want to send out a representative to get the specific details of your moving requirements so an estimate of how long the move will take can be provided. This way, you'll have a good idea of the total cost and can plan your budget accordingly.

How much packing the Movers will handle for you, any access obstacles and the distance from your door to where the moving van can be safely parked for loading all have an effect on the cost of your move.

The estimate you receive from the moving company should be shown in sufficient detail so you can see totals for labor, vehicles, packing, moving valuation or insurance.

The stated total may or may not be guaranteed but should clearly state if the cost is firm and if not how much it might deviate and what could cause a variation. It's very helpful to know your final destination and be clear on what the movers have to move and pack and also let them know about any potential obstacles at the destination that could impact your estimate.

If the local mover's estimate can't be guaranteed, it will be noted as subject to change and won't be binding on the mover. While you can compare estimates between local NYC movers, don't base your selection on price alone.

Since you're moving locally, you should check with friends and neighbors or co-workers to see if they've had experience with the local movers you're considering.

Ask the local moving company you're considering for references, but keep in mind that they won't want you to contact customers who experienced serious problems that they couldn't resolve. Still, you should check with at least 3 references if you can get them from the local moving company.

Wednesday, November 22, 2006

Selecting a Coquitlam Realtor

In any profession, there is a range of competence among the salespeople throughout British Columbia. But with due diligence you can minimize the risk and increase the benefit greatly from the skills of a knowledgeable realtor. When your buying or selling real estate relating to your business, the right realtor will make all the difference in the world! Now a days a realtor is obligated to share all the information in his dealings. All disclosures of who is acting for whom is spelled out word for word. In today’s market the seller still pays the real estate commission, which is shared with any other realtor involved in the transaction. In other words, each realtor is acting exclusively for the benefit of the buyer and seller. However, in the older days it used to be that both the realtors were acting on behalf of the seller as he or she was paying their commission. That has now changed in recent years. Some agents now working with buyers will enter into a buyers agency contract which gives them the exclusive right to work with that buyer.

A local real estate agent is regulated by provincial and government real estate legislation. Agents have to successfully complete an approved real estate agent testing course and renew their license annually.

Here’s how to select your next realtor! Ask your friends, ask your neighbors and ask your relatives for the names of agents they have dealt with in the past. Ask them who they would recommend in Vancouver, Richmond, Burnaby, Surrey, Coquitlam, New West, Maple Ridge or Abbotsford to assist in the home buying or selling task. Going to an open house is an opportunity for you to meet realtors in your area. Check the newspaper ads that may list the names and phone numbers of agents who are currently active in your area. See a “for sale” sign? Phone the number and ask to speak with that agent. Check the internet and check your local real estate firms in your area.

After you’ve met several agents who could potentially meet your needs, pick one. You should give the agent your exclusive business if you have the confidence in him or her. They will devote considerable time and energy to your needs. Keep your real estate agent informed of any open houses in which you would like to attend. Your agent would like to be there to represent your interests. Don’t be persuaded by other agents trying to sell you the home with high pressure. Your agent that you’ve selected has the power to work for you, so give him or her a call! If you attend an open house advise the realtor that you have an agent that your currently working with. Your realtor can act as an buffer between you and this listing real estate sales person. That way, the selling agent will never have an opportunity to meet you and cannot influence you with aggressive salesmanship. This arms length negotiation position is an important tactic for you to utilize. Without an agent searching for you, you seriously minimize your range of selection and the prospect of concluding the deal at a price that is attractive to you!

Typically the seller pays the realtor a commission. This commission is negotiable. Some are fixed percentages and some are variable on a percentage. There are different commission structures for residential properties. If there is more then one realtor involved the commission is split. This split can be altered to suit the selling agent as he or she may have more expenses. The Split Could be a 55% 45% split to the selling broker.

If you are to have a dispute with a realtor, keep a record of all your correspondence. Try and outline the complaint. Try and resolve the issue with the realtor FIRST! And if it doesn’t go well, speak to the manager of his or her office. If complain is more serious, complain to the local real estate board in Surrey, British Columbia.

Tuesday, November 21, 2006

Tips About Your Real Estate Agent

So you're looking for a new house or a lot for sale on which you can build your dream house. You know you need to enlist the aid of a real estate agent. Here are some tips that will help you find the right one.

The first thing to remember and, ironically, the most important thing for a lot of people, is that your real estate agent will not be working for you. That's a common misconception. No matter who the real estate agent is and how close your personal ties may be, the agent's primary objective is to sell a piece of property to you. In fact, his income depends on that sale. The larger you pay for the property you want, the bigger his commission. Bear that in mind: it is in the real estate agent's interest to make you spend more.

Sometimes we become really comfortable and open with sales people that we share confidential matters that can have huge bearing on a potential sale. For instance, you may tell them that you are desperate for a piece of property because you have to move out of your old house within a week. This lets your sales agent know that they can sell the property to you at a high price. As a general rule, don't let anyone know how much you are willing to pay for a new house or lot.

Oftentimes, the first question that a real estate agent throws at you is precisely that: how much are you willing to pay? It's an old ploy so don't fall for it. In response, simply state the price that you want to pay and, if they ask again, tell them that's the ceiling. Add that if the seller does not agree to that price, then there is nothing to talk about and move on. Chances are great that a serious seller (or buyer, for that matter) will immediately turn down a prospect upon hearing the first bid. In all likelihood, a serious buyer or seller will negotiate and explore options.

Finally, don't let your real estate agent choose the lawyer who will write up the property agreement, precisely because the agent is trying to sell you something. It would be far better if you selected your attorney yourself.

Monday, November 20, 2006

Purchase Cheap Real Estate From Public Auctions

If you are looking to acquire your own home or invest in real estate property, you might want to consider checking out public real estate auctions in your area. In auctions you will usually find foreclosed properties that you may get at lower than market value if you are the highest bidder.

You must however keep in mind that these are previously owned properties so you may not actually be sure about the state of these properties until after you've purchased them. That means that before participating in public real estate auctions, you must have the correct set of expectations.

Remember that if you have gotten the property at the auction for a price way lower than market value then you might have to be prepared to do some investment in refurbishing the property. There also may be legal ramifications when you've purchased properties from real estate auctions so it is advisable to consult a real estate lawyer for instances such as these.

Now, if you have made up your mind about participating and purchasing from real estate auctions, the next step is to decide which real estate auctions to check out. The U.S. government, through its Treasury department usually holds hundreds of public real estate auctions a year on properties that have foreclosed.

These means that these are real estate properties that have been previously owned and for one reason or another, its owners have been unable to continue paying for the property, which has caused it to foreclose. On some instances, the properties at real estate auctions from the government are seized properties due to criminal causes.

To check out on these real estate auctions by the U.S. government, you can look at listings from the Department of Housing and Urban development (HUD), or even IRS foreclosed properties, and properties from the General Services Administration (GSA). There are sure to be public real estate auctions in your area where you can register to bid and purchase that dream property that you have been hoping for.

Sunday, November 19, 2006

Real Estate Market: The Arizona Advantage

The globalization of real estate has opened up many avenues for investors, institutions, investment funds and high net worth individuals. The development of private property ownership, real estate has become a major area of business. Buying and selling real estate requires significant amount of knowledge and investment. Each parcel of land has its unique set of characteristics, so the real estate industry has evolved into several different fields. The price or market value of real estate, although generally tends to increase over time, is highly volatile and erratic.

Arizona has evolved as one of the fastest-growing, most dynamic economies in the nation. Both fortune 500 and start-up technology companies call Arizona home, reaping the advantages of a competitive business climate and tax structure; a skilled, knowledge-based workforce; and world-class innovation, cultural and scenic resources. This is great news for investors in Arizona real estate because they can just about have their pick among the type of Arizona real estate in which they would like to invest.

The Arizona real estate market is growing in the sale of both single-family homes and condos. The condominium market tends to be a bit riskier for investing because there are fewer condo sales than there are single-family home sales. On the other hand, investors who would rather receive their payback in monthly rental income rather than in one large lump sum often prefer condo investments.

In the last decade, there has been a huge influx of people moving into Arizona. More people means greater demand for housing. Naturally, real estate investors are seeing a great future ahead. Investors who seek single-family home investments for Arizona real estate will usually have an advantage. That’s because these investors will likely receive a higher gain from buying houses, touching them up to increase their market value, and then reselling them at a later date.

Many economists have been predicting for the past year that the real estate market in major Arizona cities is about to burst. However, despite that, Arizona real estate has continued to grow. And the history of Arizona real estate has shown that it is better to buy now and sell later rather than to wait and see before jumping in the investment game. It is the consultant’s opinion that future growth in Arizona will largely follow established development patterns and will be guided by existing development regulations. With a few exceptions, it is generally believed that recent development trends will be a reasonable predictor of future development over the coming years.

Most people deal with an estate agent while buying or selling property. Arizona is home to many prospering real estate agencies. They provide many useful services and work with you in different ways. Real estate agents usually offer other optional services such as arranging mortgages and surveys. Since the median home price in the major cities in Arizona is rising right now, it is best to hold Arizona real estate for one or two more quarters before selling in order to receive maximum gain.

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