Thursday, October 02, 2008

Home sales down in Philadelphia area, up for U.S.

In the eight-county Philadelphia area, sales declined 22.6 percent in July from July 2007. The average price dropped 2.5 percent, to $234,000 from $240,000, according to Prudential Fox & Roach HomExpert Report, based on Trend Multiple Listing Service data. Nationally, median prices tumbled 7.1 percent from July 2007, to $212,400 from $228,600, the National Association of Realtors said yesterday. Month-to-month sales in the Philadelphia metropolitan area were 9 percent lower. By contrast, sales nationally rose 3.1 percent in July from June. "While the bounce in July existing sales is a welcome improvement, the housing market still suffers from high inventories

Thursday, September 25, 2008

Long Island Real Estate Market - It's Starting to Look Ugly

For the Long Island real estate market, as we move forward into the abyss...no scratch that...

As we move forward towards certain doom...nope, not going there...

As we look toward the dark days that lie ahead...no, no...

As we look toward the future...(breathe)...there are definitely going to be some bumps in the road. Okay, that was much better. I recently went ahead and started taking a close look at individual towns throughout the Long Island real estate market and their last 30 days of activity. I focused on a few characteristics and I will share them in this article.

They are:
1. Highest-Priced Sold Home in the Area.
2. Average Selling Price in the Area.
3. Number of Units (houses) Sold.

I will be delivering an updated foreclosure report in the coming weeks, because ultimately, the situation with home values is going to be crushed by the wave of pending foreclosures throughout the Long Island real estate market.

The following is a breakdown of towns that I randomly chose to include in this article. If you want information on a specific town, not featured in the article - leave a comment or call me.

Town
Deer Park
$435,000 = Highest-Priced Sold Home
$345,267 = Average Selling Price
15 = Number of Units Sold

West Islip
$994,000
$478,308
13

Babylon
$618,000
$472,125
8

Farmingdale
$575,000
$379,265
17

Amityville
$725,000
$493,688
8

Huntington
$1,600,000
$581,597
39

Smithtown
$810,000
$476,556
23

Brentwood
$450,000
$278,735
26

Massapequa
$1,200,000
$481,940
34

Elmont
$450,000
$357,639
15

W. Babylon
$380,000
$313,091
11

Riverhead
[Only 4 closings in the previous 30 days - data insufficient]

Manorville
$495,000
$406,214
7

Mastic
$295,000
$214,472
12

Now after looking at these numbers, you can see that the amount of closings is significantly low. For example, in Mastic, New York, there are over 500 homes for sale. With only 12 closings in the last 30 days, that translates to less than 2% of the market selling. In Riverhead, New York, there were less than 5 closings during the last 30 days.

Additionally, in West Babylon, the average selling price for the previous 30 days was less than $315,000 and in Farmingdale, the average has dipped below $400,000 down to $379,265.

While some high end homes closed in towns like Huntington, West Islip and Massapequa, you can tell by their averages that most of the homes in those areas are significantly less in selling prices and, those homes that did sell for over 1 million dollars have lost significant equity value to sell at those prices.

With the continued increase of foreclosures throughout the Long Island real estate market, homeowners must take into consideration that it is not going to get better overnight. Anyone who wants to sell their home should know this information and take it very seriously.

If you would like more information on the Long Island real estate market, please feel free to email me at th om as . m c g i v e r o n @ topproducer.com (please remove all spaces - I do this to avoid spambot emailing). Or feel free to leave a comment on this article.

(c) Copyright, tommcgiveron.com

By Thomas McGiveron, Licensed Real Estate Salesperson, New York State

For more information on the Long Island Real Estate Market or to find great resources for your real estate needs, you can also visit a fantastic website, tomsresource.com.

Article Source: http://EzineArticles.com/?expert=Thomas_McGiveron

Real Estate Management Code of Conduct

Professional real estate management is practiced in a fair and clear manner only when the professionals involved follow a formal code of conduct. This ensures client satisfaction which is a very important element for the success of any business. There are certain ethical norms that have to be strictly followed by the assets managing executives.

Loyalty is a very important aspect of the attitude of the assets managing executive towards his employers and his clients. While safeguarding the interests of the client he should not compromise with the interests of his employing organization; and vice versa. There are many executives who compromise with their sincerity towards their employers and their clients to meet their selfish ends and make some fast money. The employing firms have their own set of rules which may differ from one firm to another. The professional real estate management staff may be directed to either give more weight age to the preferences of the clients or the employer, in case of any differences in opinion. They should never engage in any activity that is detrimental to the interests of their employers or their clients.

No client will want his private information to be leaked out to anybody. Hence, the assets managing professionals are expected to maintain confidentiality in their dealings with the client details. They should not leak out information about one client to another, even if it is for promoting the good reputation of the firm. If it is necessary at all to provide details on an official basis to some concerned staff, he should do so with the consent of the client and not otherwise. If it to be done without the knowledge of the client , the concerned professional real estate management executive should do so in strict adherence to the laws of the land regarding such activity.

The client has the right to ask the executive managing his asset to give him accurate information regarding his assets, at any point of time, without any notice. Hence, the executive should be prepared with all the client details. They should be neatly documented and should be in an auditable format. These records should also be available to the inspectors and other executives who need to access them for their work. However, the particular executive dealing with a particular client is responsible for safeguarding the documents of the client. He should not conceal any relevant information from the client. He should not distort facts while conveying them to the clients. The professional real estate management executive should not resort to any of these methodologies to convince the client. He should always give a truthful and frank opinion.

The assets managing executive should be very careful when dealing with the money of the client. He should maintain an exclusive account for each client and not store it in a common pool. All records pertaining to finances should be accurately made and recorded. The financial privacy of each client should not be compromised with at any cost. The monetary deposit of the client should not be used for the expenses of the firm or to meet the expenses of another client, whatever the emergency may be. If at all such a thing is to be done, it should be done with hundred percent consent of the client. The professional real estate management executive should not try to influence the client in any way, with distortion of facts, in matters related to finances.

Kamyar Shah writes about different topics including self storage , property management , secret shopping and management consulting issues.

Real Estate Management

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Article Source: http://EzineArticles.com/?expert=Kamyar_Shah

Thursday, August 28, 2008

Real Estate - Possible Next Boom in USA

The next few decades are bound to see some big waves of development which have the potential to turn America's metropolises into mega cities bursting with opportunities at the seams.
How?

Since the past decade, people have been buying plots of desert land in states like Arizona which was witnessing a veritable building boom. Phoenix was one of the cities raring to go. Speculators who took the bet with Phoenix have been laughing all the way to the bank. Today, Phoenix is still going strong with a building boom which has seen more than 500,000 homes being built here alone.

Investors have been buying acres of land for building ranches and farms and many are spread over an area which is probably double the size of Manhattan. Interstate 10, which is presently housing 15,000 farmers, is about to take off in a major way with housing colonies emerging on either side. Brokers here say that the region will be completely transformed into a metropolis comparable to Phoenix itself.

As the population increases, these fast growing areas will represent lucrative business making opportunities. Growth trends are rife already in Oregon and Washington, and it is estimated that by 2030, the cities of Portland and Seattle might just merge and form one big megapolitan area. Atlanta and Raleigh-Durham are two other cities which in the light of things today may also be joined by transportation, banking, and biotech.

While Americans in the southern and western parts are trying to cash in by buying pieces of land in the proposed boom towns, others elsewhere are speculating on parking lots and underutilized land trying to locate the cheapest property which may yield great returns. Companies like Target and Wal-Mart, which will always head towards areas with growth are also looking at speculating on land and creating a whole host of opportunities.

While land everywhere is being eyed with passion, few territories possess the potential to make a profit and create that storm for growth. Arizona offers building worthy land at low prices and given the continuous water supply from underground rivers, aqueducts, and mountains the new inhabitants can all be taken care of.

However it is silly to speculate on land under conditions prevalent in the congested suburban metros like Chicago, Los Angeles or even Washington. Spiraling fuel costs and trying commutes zoning disasters and delays in approvals can be hazardous to the developers. But the latest trend is to hedge bets on parking spaces given that America has 30 per cent more parking lots than it needs, which may be a reason why many developers believe they'll deliver the biggest returns.

A burgeoning Latino immigrant population is also a potentially good bet. At a time like this, one does not need to capitalize on the development boom by just grabbing land. One can also start businesses catering to a burgeoning immigrant Latino population which will soon become the fastest-growing ethnic group and the fastest growing group of buyers of services.

Bob Lipply, the top Real Estate Broker Associate in the Tampa Real Estate area, offers you a unique buying experience. We have helped many families relocate to Florida over the years. We also sell Safety Harbor Real Estate.

Article Source: http://EzineArticles.com/?expert=Robert_Lipply

Development Agreements For Real Estate Deals Small and Large

A development agreement is an understanding reached by two or individuals or parties about their respective rights and obligations in relation to a certain thing or a specific subject. The development on which these two parties are reaching agreement can fall into a number of categories.

In terms of real estate, the development agreement could pertain to land improvement, construction involving land, or buildings. In the technological fields, it could pertain to new product development, software development, or other improving techniques for technological development. It can also refer to business or corporate development.

The developer is the one who will do the designing, developing, and sometimes even manufacturing and marketing of the product or subject to be developed. The specific details will be laid out in the development agreement. The agreement will also discuss the obligations of each of the parties, the deliverables, specific milestones, and other details of the project to be developed. Specific exchange of information will be detailed, as well as where and/or how these exchanges will take place. The terms on which the deliverable will be accepted will also be spelled out specifically in the developer agreement. There may be a specific time limit associated with this acceptance. Any potential fees will be laid out, along with any other payment terms. Other elements such as distribution may be discussed.

Having a written development agreement can be important. If properly created, this document will prevent disputes. If problems do develop, the development agreement will provide ways to resolve the issues. If the parties were to end up in court, the development agreement establishes their legal responsibilities to each other. Having a written development agreement can prevent delivery of an unsatisfactory product. The best way development agreements break the project down the project into distinct parts or stages. These are generally referred to as milestones.

As each milestone is reached, the developer is required to provide an acceptable deliverable. While this may not be a completed product, it should be something that will allow the other party to assess the progress of the developer. These milestones are usually tied to a payment, which gives the developer motivation to meet any deadlines for the milestones. This process enables both parties to monitor the development process and resolve any problems or issues early on. In a worst-case scenario, there should be provisions in the development agreement to end the project early if mutually satisfactory progress is not being shown through the milestones.

Having this sort of development agreement has benefits for the developer as well. Since the client signs off on each step of the project, they can avoid any potential claims of an unsatisfactory product or performance. The developer has a chance to address any of the client's shifting needs and requests as well. Few development projects ever develop exactly along initial specifications. Development projects tend to grow and change as the process moves along. The key is to have a development agreement that allows for communication between the two parties regarding changes and a delivery timetable that is realistic yet flexible.

Mark A. Warner is a Development Agreement Research Analyst for RealDealDocs.com. RealDealDocs gives you insider access to millions of legal documents online drafted by the top law firms in the US that you can download, edit and print. Search For Free at RealDealDocs.com.

Article Source: http://EzineArticles.com/?expert=Mark_A._Warner

Friday, August 22, 2008

Tramita Real Estate Fund Has Grown 2,342.40% Since Its Inception

Tramita Real Estate Fund is a name for trust. It is the perfect solution for investing in real estate securities. The firm believes in giving strong return potential to its clients. Tramita aims to circumvent the numerous factors that typically affect the traditional financial assets. The boom in the real estate market in the Middle East has opened new avenues for profit making ventures. Tramita believes that real estate securities are a means of achieving meaningful diversification in order to enjoy the benefits that may be associated with it. The real estate in the Middle East offers strong opportunities for making money and Tramita aims at delivering the advantages to its customers keeping in mind the need for protection in a bear market and favorable returns.

Investing in the real estate funds in the Middle East has been made easy by the products offered by Tramita. Tramita Real Estate Fund offers the security of a growing investment with due consideration to its security. Tramita allows you to liquidate your assets within a span of twenty four hours since they are evaluated on a regular basis. The entire process is transparent and easy to understand. Tramita emphasizes on the importance of long term investments since you stand to gain the most out of them. Tramita Real Estate Fund jumped above $150 in 2007, which is nearly 600 percent since the inception in 2002. Also, Tramita Real Estate Fund has grown 2,342.40% since its inception, giving 86.42% returns in year 2007 and average of 62.52% since year 2002. Hence, the Middle East real estate fund is being regarded as the next big offering in the scheme of

Real Estate in India - Growing Towards New Heights

The factors such as booming economy, favourable demographics and liberalised foreign direct investment (FDI) regime, the Indian real estate sector has witnessed a revolution. The real estate in India is growing at 35 per cent. This sector is estimated to be worth US$ 15 billion and anticipated to grow at the rate of 30 per cent annually in the coming decade. India has become a new market for foreign investors due to its potential economical growth rate. As a matter of fact, this sector is attracting foreign investments worth US$ 30 billion in number of IT parks, hotels, medical, telecom and residential townships which are being constructed across India.

Real estate in India is the second largest employing sector including construction and facilities management. This sector is linked to about 250 supportive industries such as cement, brick, transport, steel, etc through backward and forward linkages. Accordingly, a unit increase in expenditure has a multiplier effect in this sector, as capacity to generate income is as high as five times.

Rising income levels of a growing middle class is the main reason for growth in the real estate. Apart from the income, other factors such as increase in nuclear families, low interest rates, modern attitudes to home ownership and a change of attitude amongst the young working population are responsible for real estate development. Therefore, it can be said that real estate property have changed the attitude from 'save and buy' to 'buy and repay' to boost housing demand.

As per the information by 'Housing Skyline of India 2007-08', a research firm Indicus Analytics, it has predicted that there will be demand for over 24.3 million new dwellings for self-living in urban India by 2015. Moreover, rapid growth of the Indian economy has faced a cascading effect on demand for commercial property to meet the needs of business such as modern offices, warehouses, hotels and retail shopping centres.

With the significant investment opportunities emerging in this sector, international real estate players have entered in the country. Effective participation from large local and international industrialists have resulted in potential economical growth of India which is moving towards maturity. Currently, foreign direct investment or FDI inflow into this sector is estimated to be between US$ 5 - 5.50 billion. A unit of Deutsche Bank for instance, aims to invest more than US$ 1 billion over three years in Indian construction and real estate property projects. Russian conglomerate Sistema plans to develop hotel, offices and residential complexes in major cities of India with an initial investment of US$ 100-200 million.

The boom in this industry has attracted large number of realty funds to step into this market. Prominent global players such as Carlyle, Blackstone, Morgan Stanley, Trikona, Warbus Pincus, HSBC Financial Services, Americorp Ventures, Barclays and Citigroup among others have all already checked into the Indian realty market.

Among international players, the many Indian realtors are going global by making their name in the international market through significant investments in foreign markets. Prudential Real Estate Investors for instance, has acquired Round Hill Capital Partners Kabushiki Kaisha, a Japanese asset management firm. Embassy Group has settled a deal with the Serbian government to construct a US$ 600 million IT park in Serbia. Parsvnath Developers in collaboration with the Al-Hasan Group in Oman.

Importantly, government has introduced many innovative reform measures to discover the potential of the sector. 100 per cent FDI is allowed in realty projects through the automatic route, for instance. 51 per cent FDI permitted in single brand retail outlets and 100 per cent in cash and carry through the automatic route. With growing economy in India, the demand for all segments of the real estate sector are likely to continue.

About The Author: For more information about real estate India - Please visit our website: http://www.paisawaisa.com/

Article Source: http://EzineArticles.com/?expert=Addi_Vardhaman

The Real Estate Agent Income Crisis - There is a Way Out

Many real estate agents are suffering financially. Possibly this is you. It is unfortunate but houses are selling much below their value and are staying on the market for months. There are more sellers than buyers and there is no relief to be seen in the very near future.

People are struggling; struggling to pay bills to pay debts. The real estate industry is a tough market to be in right now. Possibly you have been wanting to find a way to get you through.

One of the best solutions is to start a home business. There are many tax advantages and you have the benefit of writing off many of your household expenses at tax time. It is also flexible. Something you can do while still being a real estate agent. Maybe something to tide you over until the economic situation improves or maybe something that permanently creates an income for you. The key is to find the right business. One that is recession proof.

We have chosen to build a recession proof business and are helping others to do the same. When searching for any home business there are some critical evaluating tools you need.
Want to Work from Home? Have you considered These Crucial Evaluating Tools?

So you have decided that you would like to work from home. Maybe you want to stay home with your children, maybe you want money for that extra special something or maybe you want to create financial freedom. Maybe you just need to pay your bills and pay off debt. So you know your reasons why. This is a great start but now what?

It is easy to want to jump into the first thing that comes along. Something may sound good on the surface, so you should jump right in, right? Wrong.

There are several key factors that anyone and everyone should consider when deciding on what business would be right for them. Ensuring you have thoroughly researched the opportunity can save you a lot of money, a lot of time, and more importantly, a lot of heartache. I have heard too many stories of people going broke trying to find the right one. I even know someone who has tried 23 opportunities before finding the right one. Can you imagine?

The first key in researching a business is knowing what features you should be looking for in a company. You will definitely need to know the following:

- Is there an established track record?

You want the company to be at least seven years old - successful home-based business companies experience a surge of growth in their first 3-5 years, but most cannot support the increased capital and organizational needs this growth demands to continue their success. Be wary the person who says "this is a ground floor opportunity" or you need to "catch the wave".

- Is the company financially sound?

You should be able to get access to this information. Another great way to know if a company is legit, is trustworthy and has integrity is if they will let you see their previous years' income statistics. If they're not willing to share what their business people make, do you really think they're doing that well. And I don't just mean the top earners, find out what the "little guy" is making.

- Do they have a strong management team and company credentials?

Beware! There are some companies out there who are "touting" scientists behind their products that have received their degree by mail order over the internet. Do your research! What is the history of the management? What awards have they received? What does the Better Business Bureau have to say about them?

- Does this company have unique, consumable products that are guaranteed?

There are companies that have only one product. How many of that one product do you think you have to sell to make any money? If this is a luxury item, you most likely won't get repeat sales from the same person which creates much more work for you. If it's a hobby, you are looking at the same thing. The product should be something that a person goes through and needs again fairly soon, preferably monthly. These products should also have a 100% guarantee.

- Does this company require that you keep inventory or 'front end load'?

This is a very fast way to the poor house. I know lots of folks who have garages full of products. You may think it will be easy to 'unload' it but it's not. Make sure the company does not require you to have stock or inventory.

- Is there a low personal production requirement?

Essentially, this means how much of their product do you need to order to stay in business? If they are asking you to order more than you would use, then you guessed it? Straight to the poor house for you.

- Is there a high customer re-order rate?

Some companies have a re-order rate of only 5%. Does this tell you how hard you will have to work to win customers and keep them? Again, if the company won't give you this information then they have something to hide!

- Is there low initial investment?

You should be able to get started in any business for $500 or less. In addition, any investment should be guaranteed. Any more than that and the risk sky rockets.

- Is there low attrition?

If more than 10% of the people are leaving every month, what does that tell you?

- Is there breakaways?

No breakaways!!! What that means is that you work really hard and then when you reach a desired level, they have the rest of your team "break away" from you and you start all over. Does that sound like what you are looking for? Know the compensation plan. You should be able to earn an income from each person you offer your product or service to. No breakaways, no balancing sides.

- Does the company have any risk?

Risk is a 4 letter word. It has its place but not in your business. This is your life. There should be no risk. You should only be using products you would use anyway, and there should be a full guarantee on everything. If this is the case, there is no risk!

Alright, so now that you know what is important to look for in the company, what product concept makes the most sense, you ask?

REPEAT Consumables (necessity items) and I can't stress this enough. This is a 200 billion dollar industry. People must already want or need to buy the products. It is much easier to interest people in something that is better or less expensive than their current brand than it is to get them to buy something new that they hadn't considered before. The concept of "switching stores" works best because people spend "no new money", they just switch brands. Durable goods won't generate residual income because people won't buy each month.

The products should always be competitively priced (have a low cost per use). No matter how well people like something, they won't stay customers forever if the product costs more than the store bought equivalent. Since commissions depend on customer purchases, the longer they stay, the more RELIABLE your income. The products must also be unique and exclusive to the company. It is of benefit if there are patented products that have been scientifically developed. The re-order rate should be above 90% and it has to make sense to just be a customer, continuing to buy the products without being a business builder.

Lastly there are a few more things that you may want to consider. Does the company manufacture its own products? Does the business offer a system that you can duplicate for success? Does the organization provide you with free training and support? Do you have to leave your home to build the business? Do you need experience in sales or business to be successful? Can you make enough to replace your income? What are the tax advantages to owning a home-based business?

I know this seems like a lot of work, but the end result will make for a happier, wealthier you. Good luck in your search!

Alana Demler is a work at home mom. She has a passion for helping others and specializes in helping people to reach their financial goals. For further information on this article or building a business Alana can be reached at 204-772-8152 or go to http://www.momswantmore.com/workathome or http://www.teamvitality.com/workathome

Helping, one person, one child, one family at a time...

There IS a Better Way!

Article Source: http://EzineArticles.com/?expert=Alana_Demler

Realtor Conflict of Interest - The National Association of Realtors Should Reimburse the American Ta

Thursday, August 07, 2008

Real Estate Development - Three Essential Things You Must Do Before Starting in Property Development

If you start your property development business the right way, you are building a foundation for success. Start it the wrong way, and you could be headed for disappointment, stress, and possibly even large financial losses.

1. Manage Your Property Development Projects As A Business

Unless you're prepared to forfeit some of your profits and engage someone you trust to look after your property development project, it's very important that the mechanics of property development are understood fully so you don't end up in all sorts of trouble. We decided right from the start to treat building our property portfolio as a real ongoing business and therefore created a property development strategy and planned and acted accordingly.

Advice from our property development legal and accounting advisors was to set up our property development business in the right type of entity from the very beginning - some things can't be "bolted on" later. We also ensure that we keep good records and use property development accounting and property management software. We found a strategy that would be a good fit for us, looked at the big picture and began with the end in mind.

Initial and ongoing property development education is extremely important. A good place to start is to learn the basic techniques of property development. Then continual reading and listening to financial news to determine current and future trends.

2. Develop A Property Developer Millionaire Mindset

Learning and implementing the mechanics of property development may allow you some level of initial success, but newcomers who aren't passionate about property development and don't alter their way of thinking and create a property developer's mindset inevitably can run into problems. Many of the decisions you make as a property developer are counter-cyclical, for example, you may be buying when other inexperienced property developers are making panicked sales.

People who haven't mastered their emotions around money tend to make poorer decisions under those circumstances. For example, many novice property developers aren't able to preserve when needed, and a lot simply give up after struggling, both financially and emotionally, during their first attempt at property development.

We've spent a lot of time researching the rich and identified certain common characteristics and habits that contributed towards their success. As soon as we adopted some of these ourselves, we were able to accelerate our learning curve and we saw a marked improvement in our own ability to make larger profits through property development in a much shorter amount of time.

3. Learn How To Leverage your Time

We had a clear vision and a huge desire to work smarter and not harder so we sat down and worked out an achievable step-by-step plan that would enable us to reach our goals much quicker.

One thing that made a huge impact on us achieving our goals faster was adopting the 'Pareto Principle' (more commonly known as the 80/20 rule). This helped us to stay focused on the "20 percent of things that mattered to achieve the 80% of results" and saved us from wasting an enormous amount of time and energy on things that just weren't necessary.

We also leveraged off other people's knowledge (OPK) other people's time (OPT) and other people's money (OPM). We built a great team of experts who continually advise and support us - especially a 'property development savvy' lawyer, accountant and finance broker.
A strong foundation requires a good business plan, the right mental attitude, and the ability to get the greatest possible results from the time you invest in your property development business.

If you try to start in real estate investing or property development without this strong foundation, you are subject to a much higher level of risk, and the consequences can be catastrophic. Start well, on the other hand, and you can use property development strategies to build a long-term, profitable real estate empire.

Adrian Zenere is a Registered Architect and Licensed Builder with over 25 years experience in the design and construction industry along with his wife Amber they have built a multi-million dollar property portfolio through Real Estate Development. Together they run their own architectural practice http://www.archizen.com.au specialising in Holistic Architecture combining eco sustainable development with feng shui principles and creating harmonious living that is respectful of our environment. Their projects are regularly featured in the Australian Property Investor, Luxury Home Design, Lifestyle Magazine, Home at Yellow and several newspapers.

They are also co-founders of the Real Estate Development Club where they use their knowledge and experience to help real estate investors become successful real estate developers. To have a closer look at Adrian and Amber's entire Real Estate Development process and download your FREE REPORT visit: http://www.RealEstateDevelopmentClub.com

Article Source: http://EzineArticles.com/?expert=Adrian_Zenere

What Will Home Inspectors Evaluate in a Fixer Upper Property?

Buying a fixer upper property requires that you hire a real estate investor that is quite knowledgeable about inspecting fixer upper property. You see, home inspectors alert buyers about problem areas in a house and its systems, before you buy. In essence, they act as your insurance that you're making a well informed and good investment decision. In this article, we will discuss what things home inspectors evaluate when viewing fixer uppers.

First of all, the inspector will evaluate the property for defects on the outside of the house. That is, he will evaluate the fixer upper property for structural problems like foundation cracks or roof leaks. Either way, he will evaluate the "soundness" of the home.

Second, the inspector will examine the fixer upper's windows, patio, deck and doors of the fixer upper property. He will also evaluate the sidewalk, driveway and other outside areas to make sure that there are no visible defects.

Third, the inspector will check the inside of the fixer upper property. This includes evaluating appliances, walls, sinks, ventilation and cooling units, countertops, etc to make sure that there are no defects and that everything is in working order.

Fourth, the inspector will check the property's crawl space and basement areas. He will look for signs of water leakage, mold, mildew and other defects. If any problems are discovered, he will make note of them on the report.

Fifth, he will evaluate the fixer upper property's electrical system and wiring. He will ensure that the property is properly grounded and that there are no unsafe wiring exposed that could cause problems.

Sixth, he will next check the plumbing of the fixer upper to make sure that the pipes are functioning properly and that there is adequate water flow and pressure. He will also check all fixtures, drains and toilets for proper drainage.

Seventh, he will check the heating and conditioning systems of the fixer upper to ensure that units are allowing for adequate air flow throughout the house.

Lastly, he will check the fixer upper for evidence of any pests, like ants, roaches, or mice. He may also look for wood-destroying insects, like termites. Note: In some instances, it may be a good idea to hire a separate person to complete a more thorough investigation if any suspicious activity is suspected.

Sal Vannutini is the author of " The 8 Power Profit Secrets To Making More Money With Less Risk In Real Estate, " a free strategy report for investors. Get your complimentary copy at http://www.FastFixerUpperProfits.com today.

Article Source: http://EzineArticles.com/?expert=Sal_S_Vannutini

Pros and Cons of Using a Real Estate Buyer's Agent to Buy a Fixer Upper Property

Purchasing a fixer upper can be an extremely difficult and frustrating experience for the newbie fixer upper investor however it can have significant rewards. If you're a newbie and you're considering purchasing a fixer upper, you may wonder if you need an agent. In this article, we'll tell you the pros and cons so that you can make your own decision.

Pros of Using a Buyer's Agent

1. By hiring a buyer's agent that specializes in foreclosures, you will have access to homes that are currently listed on the MLS system or not even listed yet. Many agents have partnerships with banks and credits and have viable lists of properties that aren't even available to the public yet. And, by hiring an agent, you'll have this information too.

2. A buyer's agent knows the marketplace and can give you sound information based on their experience with fixer uppers.

3. A buyer's agent likely has good contacts and can likely put you in contact with mortgage companies and/or bank loan officer that may be able to offer you financing options.

4. A buyer's agent is hired by you (not the seller) so it is quite likely that they will work diligently on your behalf. That is, unlike the seller's agent, they are not trying to secure the best price for their client. Instead, they are working diligently to find a suitable properties and secure the fixer upper deal on your behalf.

5. A buyer's agent will listen to your needs and help you discover fixer upper properties that meet your precise needs. In addition, they can also negotiate on your behalf so that you secure the best possible deal.

Cons of Using a Buyer's Agent

1. You will not be able to negotiate directly with the seller. In essence, you won't be able to establish a relationship with the seller that could very well equate to a better profit for you.

2. Your agent will have to be paid a fee for their services. Since most buyer's agents are paid directly from their clients and not from the sale, this money will likely come out of your pocket.

3. You may be able to find suitable fixer upper properties for sale on your own and if you're a good negotiator and know the business you may not need a buyer's agent working on your behalf.

4. Some buyers agents pressure you into signing a contract however if an agent is being paid upfront and not based on whether a sale is made, you shouldn't feel pressurized to purchase any specific fixer upper property.

In conclusion, there are pros and cons to working with a buyer's agent. By carefully evaluating both sides and your personal situation, you should be able to determine if you need to hire a buyer's agent to represent you in your next fixer upper property purchase. If you do, use good judgment and choose someone who is well versed in fixer uppers and make sure that they have your best interest in mind before signing your exclusive agreement.

Sal Vannutini is the author of " The 8 Power Profit Secrets To Making More Money With Less Risk In Real Estate, " a free strategy report for investors. Get your complimentary copy at http://www.FastFixerUpperProfits.com today.

Article Source: http://EzineArticles.com/?expert=Sal_S_Vannutini

Buy an Apartment in Maui and Enjoy a Relaxed Stay

Real Estate on Maui is always a very lucrative investment. Buying an apartment will always pay you back many times over in the future. With the rise in demand real estate is booming in the area like never before. So as the saying goes you need to make hay when the sun shines, it's highly appropriate to go for an investment in real estate in Maui.

There are numerous real estate agencies willing to help you realize your dreams. With their active assistance you can always own an apartment in prime areas of Maui. No matter where you desire to own a part of Maui real estate you can always have one. The special areas worth mentioning where you can always gain if you go for a house include Kula upcountry, Wailea or Makena, Kihei, Makawao or Pukalani, or Kaanapali, Lahaina, Kapalua or Napili and Kahanah, Paia or Haiku, the North Shore in Spreckelsville in West Maui. These apart you can also buy luxury homes or condos, commercial properties as well as vacant land in Maui.

The best way to know more about real estate in Maui is by going through the various websites of Maui Real Estate. It facilitates searching through all the Maui MLS listings and even latest Maui listings. All website is a treasure house of news on Maui Real Estate and is always one stop information source for everything about Maui real estate.

Real estate in Kihei is high on demand. This sunny vibrant area close to Wailea and Makena has many homes for sale on offer. There are several large, luxury condos and multi-million dollar mansions along with standard tract housing and mid-level condominiums. Arguably this is the best place to look out for a home. In all likelihood you can find a home of your dreams only in Kihei. Along with the personal charm of the place the diverse mix of architectural designs gives Kihei an unique identity of its own. No other area in Maui offers a more relaxed atmosphere than Kihei homes.

In Wailea you can come across many beachfront and oceanfront real estate. In fact investing in Wailea is arguably the best investment because the place has many world-class resorts, beautiful sunny weather, long stretches of white sandy beaches, renowned spas, tennis clubs, good dining options and modern shopping places.

So look for a house in the various Kihei homes for sale

Justin Eliot is a regular contributor of information on real estate properties to http://www.mauilistings.net

Article Source: http://EzineArticles.com/?expert=Justin_Eliot

Thursday, July 17, 2008

Real Estate Agent - How They Make Money

Have you ever wondered how your real estate agent gets paid? Sure, there is talk of commission, percentages, fees, closing costs- all of these are broken down at closing. But, what does he actually get? Surprisingly, you do not pay your agent a commission. Only a licensed broker can get paid a commission and he is the one who pays your agent. There are also a number of ways to divvy up the pay. The person who worked so hard to sell or find your house may not be making as much as you think. Here are some of the ways the money makes it to your representative:

A real estate agent works for a licensed broker or brokerage house. When he brings a client to the table, either for buying or selling, an agreement is signed between the client and the brokerage house. Typically when a sale is made, an average of 6% of the sale price is commission for the brokers. It is not always a straight split, but close to half, which goes to the broker representing the seller and the buyer.

Once the commission is divided up between the houses, the brokers then decide how much to pass down to the agent who actually did the leg work. This amount varies depending on experience, time with the company and the productivity level of the representative. A brand new representative may only get thirty percent of the cut where as a seasoned pro that brings in a ton of business, may get half or more of the proceeds.

Another option is that the agent gets all of the commission, but pays a monthly fee to the brokerage house. This is sort of a rent. He gets an office and uses the company name to back his reputation. This is an attractive deal to many representatives, because they pay the same amount every month, no matter how much they make. For new people to the business who have not built up a client list and do not benefit from word-of-mouth yet, the traditional split is usually preferable, because they may not make enough every month to make the set payment.

There are some factors that eat into the final profit made by the brokerage house and the representative. If the house is a franchise, there is a fee that must be paid to them out of every commission. Sometimes referrals come into play as well. If a brokerage house sends a customer to you, they will want a referral fee. There is a percentage that also comes out of the commission.

Typically, this commission is paid by the seller at closing. However, depending on the type of market, this is negotiable. Another negotiable point is how the commission is divided. If you are having a difficult time in selling, because the market is flooded with houses, you may want your representative to offer a bigger cut of the commission to the buyer's representative. This may help close the deal.

So, as you can see, there is more to the payment than simply figuring 6%. After everyone else gets the money, your real estate agent is then paid the amount.

How to Hire a Real Estate Lawyer

Most people by now have heard of the benefits of using the professional services of a real estate agent, home inspector or mortgage broker in the real estate transaction process. However some buyers and sellers my not pay as much attention to choosing the real estate lawyer that will be representing them from the time they sign on the dotted line to the closing of the deal itself.

If you are a first time home buyer or seller, it is always a good idea to be safe with the paperwork and transaction. The safest way to make sure everything goes over smooth is to hire a real estate lawyer. They can handle a lot of the details for you and make sure that everything is taken care of properly. But do you know how to hire a real estate lawyer?

It is really a fairly simple process to hire a real estate lawyer. Before you do anything, it is always a good idea to talk with family, friends and neighbors for referrals. If you can get a good referral, you may be able to save yourself the hassle of searching for days for the right lawyer. But even after you get a referral, still make sure to research the lawyer before making any rash decisions.

The next place to look is with local real estate brokers. Real estate brokers are constantly associating with lawyers that deal with real estate. This is one of the many advantages you can get by hiring a real estate broker is the ability to find a quality lawyer. Therefore, talk to local brokers to see who they refer you to.

It is important that you understand you should keep all of your options open. The more referrals you can get the better. Then you can take the time to research and call all of the referrals you got to see who you think would be best for you.

Aside from getting referrals, you may also want to look in the yellow pages under Attorney: Real Estate. This will give you a list of local real estate lawyers you can call and talk with. It can be a bit tedious looking in the yellow pages and calling up random numbers, but it is worth the time to find the right lawyer.

The next step toward how to hire a real estate lawyer is to prepare a list of questions that pertain to your situation. Typically, simple questions lawyers will answer over the phone allowing you to get a general idea of whether or not it is the right lawyer for you.

The last step before hiring a real estate lawyer is to ask how much each charge per hour and request a general time frame of how long it will take to complete the tasks you require. This should include looking over contracts, handling disclosures and helping with the closing. After you have done all of this, choose the lawyer you feel will be best for your situation.

Luxury Beach Villas - Some of the Most Luxurious and Affordable Homes - Just South of the Border

Mexico has seen a lot of growth in the development of luxury beach villas, exquisite surf side residences and vacation homes alike. There are some very affordable luxurious oceanfront property options to explore, just south of the border, and well worth checking into.

Whether you are looking to purchase a home, looking for beachfront real estate investments, or checking out vacation homes for your next holiday, Mexico has a lot to offer.

Why The Move To Mexico?

A large number of Americans have chosen the Baja area as their permanent or retirement home because of its various enticements: beautiful luxury beach villas, ocean views, beaches, mild climate, relaxed lifestyle and the warmth and friendliness of its people. But probably the biggest reason for the move south of the border is the lower cost of living and the close proximity to southern California. Some of the most exclusive beachfront real estate can be found in the Baja area; luxury beach villas, seaside estates, and beautiful vacations homes all at far lower prices than the same type of homes just a few miles away in the states.

Area Attractions and Features

The Baja area attractions include tours of its wine country and colonial era missions, ecotourism options in several natural parks, deserts and protected areas, hunting and sport fishing, and water sports like snorkeling, surfing and sailing. Whale watching is another favorite attraction and tours are quite popular during the season from January to March. With so much to offer; a warm and friendly atmosphere, mild climate and accessibility by land, sea and air, the Baja area has been the choice of tourists for decades when in search of the best value vacation homes.

Not only do visitors to this area receive more amenities for their money but the vacation homes located on oceanfront property in the area have the most breathtaking views of the Pacific Ocean and most beautiful sunsets in the world.

Living a Luxurious Lifestyle in your Affordable Dream Home

Known for their architecture and amenities, luxury beach villas, exquisite surfside residences, and private homes on oceanfront property are all favorite choices for Americans moving to Mexico. The reason the move to Mexico is more affordable is just a matter of economics. You get far more home for your money. More space, more amenities, more luxuries, and more enjoyment from living a life that would be less affordable in the US. Beachfront real estate has become overpopulated in most areas stateside leaving the opportunity for privacy and enjoyment at a far lower level.

The trend for development of beachfront real estate in the United States has leaned more toward the building of high-rise condominiums and large resort type residences. In Mexico there are many communities that were developed to cater to those wanting to get away from it all and enjoy a more private less inhibited lifestyle.

Now that we've taken a look at why other Americans are moving south of the border to improve their lifestyle and save some money, you may want to check it out for yourself. Finding a new home in the Baja area or any other area of Mexico isn't as daunting of a task as you may think. A simple search on the internet will help you start your search. For an up-close look find a community with homes for sale and ask about their free tours and specials. Many new communities offer you first-class service tours and are very helpful in assisting you in finding the oceanfront property home of your dreams.

Do you want to escape to your very own beachfront paradise?

If the answer is YES, we have an exciting online private tour you've got to see!

The Benefits of Becoming a Real Estate Bird Dog

The best benefit of becoming a real estate bird dog is that you get paid for your information while learning real estate investing. Check out the following list of benefits of bird dogging real estate:

You don't need to have a college degree in order to get started real estate bird dogging. Unlike real estate agent, you don't have to sit for examination. So long as you have the right attitude and willing to learn the trade, you can make money by locating properties for real estate investors. Investors will be more than happy to work with you and accept your offer to work and generate leads for them.

You don't need to buy properties. Your task is to locate properties and then compile the required information such as parcel address, lot no, name of owners, title records and so on for your investors. Therefore, you don't need to worry about your credit, your bank balances as you are not required to buy any properties.

You can start in your spare time and work at your own hours. You can start bird dogging in your spare time and supplement your full time income. So, you are basically your own boss and you don't need to report to anybody but yourself. You decide how many hours you want to work every week. You can start out as a a part timer and the best part is, you get to write your own pay check.

Generate income without risk - Bird dogging is basically a risk free method of generating extra income in your spare time. You can easily make few hundred dollars a month by passing information to investors.

Bird dogging real estate is an attractive way of learning real estate investing while getting paid for the information. It is never too late to get started as the demand for the service is huge.

The Bright Side to the Slow Housing Market

Believe it or not, there may just be an upside to the slow housing market. There is a lot more bad news out there than good news, with record numbers of foreclosures, the largest inventory of homes for sale ever, and a mortgage industry that is increasingly stingy with loans. What could possibly be good when so many things are bad?

As only a pure optimists would, I have come up with a few things that may brighten up the dark void of the housing market. We know that new construction has slowed down considerably, and home prices are dropping due to the foreclosures. Can anyone make money in a market like this? Absolutely. The laws of investment tell us to buy low and sell high. If you have the opportunity and the means, now is the time to invest in property. Prices are at a low, inventory is high, and rates are at their lowest levels in years. If you can afford to sit on property for a little while, then the benefits in the future may far outweigh the cost.

This poses a problem for the middle class citizens though. Gas prices are at an all time high, the dollar is weakening, and expendable income is decreasing with rising fuel and food cost. If we can't invest in a new home, what options do we have?

With interest rates as low as they are, it may be a smart option to try to refinance your existing mortgage. If you have equity, you can try for a cash-out refinance, and take your homes equity and pay off consumer debt such as credit cards, loans, and other monthly payments. You can also use these funds to make additions or improvements on your home to increase its value, such as finishing a basement, adding tile, updating fixtures, or remodeling bathrooms and kitchens. These will prove to be valuable investments when the market turns around, and you may find that you get your money back in equity faster than you think.

The ultimate goal is to find creative ways to make the best of the situation. It's time to reverse the effects of spending more than we make. If the average consumer can use the low points of our economy to find ways to decrease debt, lower interest rates, or make good investments, then the long term results are more usable income for really stimulating the economy and investments in retirement accounts. The most important thing to keep in mind is economic discipline and planning ahead for the future.

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Find Your Dream Spanish Properties - Which Are Available For Sale

Spain is different!

Spain is a wonderful country and so big, vast and widely known for Flamenco music and dance, bull-fights, fantastic beaches and lots of sunshine, Spain has to offer much more than that. Spain has beautiful cities and towns, offering really old monuments as well as futuristic architecture. Its various regions are all different one to each other, geographically, climatically and even in personality. It is a fascinating country to know and to know more about it before planning to buy Spanish property for sale you must have a sound knowledge of the Spanish property market. Use one online database service to manage your Spanish property. Online you can have a quick access to genuine requests for properties within hours of listing Spanish properties for sale.

Essential things about Spanish property:

1) Learn the Spanish language first if you are foreigners. This will help you
-to understand what will ease the process.
- To negotiate prices better
-to prepare you for settling down in Spain.
2) Know the health care facilities and the basic medical supplies offered.
3) Schools and education
-this information will help you be better prepared when you land there
-prepare your children for their education.
4) Seek a real estate agent's help
-hire a real estate agent who will guide you better and get you the best deals in the market.
5) NIE number
-to invest in any Spanish property you will need an NIE number.
-It is a unique tax identification number that will enable you to complete formalities of any property purchase.
-You will get this number through a solicitor.

Owning a Property in Spain, Living in Spain or even Retiring in Spain is a dream of many people. There are two million foreign property owners in Spain and vast majority of who are happy with their Spanish property purchases and encountered negligible or no problems when buying their homes. Currently 50.000 houses in Spain were sold each year and a group of Spanish property organizations estimated that 226,000 British, 135,000 Germans and 35,000 Scandinavians are living here.

Advices when buying property:

1) Visit the site and consider more than one region.
2) Watch legally and take high degree of protection under Spanish law.
3) Take and pay the services of reputable Spanish lawyers.
4) Check out all the legalities prior to signing any documents regarding the sale.
5) Don't buy during inspection trip.
6) Don't buy just because it seems cheap - it might not be!
7) Research the Spanish property market first and then drive a bargain from a position of market knowledge and strength.

Bend Oregon Mortgage Defaults Skyrocket

The Bend Bulletin reported Sunday that the Bend Oregon real estate market is not doing well. There were 788 notices of default filed in Deschutes County for the first six months of 2008.

A notice of default occurs when the mortgage lender files a notice of foreclosure. Lenders generally file notices after a borrower is two to three months behind on their payments. As foreclosures increase lenders tend to file notices sooner to try and cut their losses.

There were 192 notices of default filed in 2007 over the same time period. This year's defaults show a 410% increase over last year. Prices continue to fall as more bank repossessions come on the market.

The Bulletin reported that 75% of the notices of default filed this year were on homes purchases made in 2006 and 2007 at the peak of the Bend Oregon real estate market. Not all of these notices of default will result in foreclosure. Borrows have an opportunity to bring the loans current. If they do the default notice and foreclosure proceedings will be stopped.

Most homes purchased in 2006 and 2007 are currently worth substantially less now than they were then. If a purchaser bought a home during these years with nothing or little down they cannot sell their homes and pay off the mortgage.

Some lending institutions are allowing owners to sell their homes for less than they owe. The bank takes the loss. These are known as "short sales".

If a loan is not brought current after 90 days of the notice of default the lender will put the home up for auction on the court house steps. If the home isn't sold for more that the delinquency the bank takes possession. Thus the name "bank repo".

The increasing number of short sales and bank foreclosures will add additional lower priced homes to the market and continue the price decreases we are currently experiencing. Prices are currently down approximately 23% from this time last year.

The latest market report for Bend showed that the median prices of homes rose slightly for June 2008 over June 2007. Statistics can be tricky though. There were 22 homes sold over $500,000 and one of those homes was a sale for $3,000,000 during that period. Naturally that increased the median price substantially. The average price per square foot was up also.

The fact is our prices are still falling and will continue to fall until bank foreclosures slow down considerably. A decrease in notices of default will predict a decrease in Bend foreclosures. The current amount of notices of default guarantee more bank repos will be hitting the market this year.

Bank repos can sometimes be a good buy. The banks have to sell them to get them off of their books. Country Wide and other lenders made mortgage loans of question over the past several years and they are now coming back to haunt the banking industry.

There are currently many homes on the market in Bend that are over priced. The values continue to fall and people won't lower their prices to market value to sell their property.

Inflation is up. Gas prices are up. Unemployment is up and it seems that interest rates are inching up also. I don't think the Federal government will let interest rates get too high. But you never know. They raised them to 16% in 1981.

Keep an eye on mortgage notices of defaults and they will tell you where the real estate market is headed in Bend Oregon.

Thursday, July 03, 2008

Real Estate - It's a Buyer's Market!

It's currently a buyer's market, which means there are more sellers willing to sell their homes in the market than potential buyers...plus mortgage rates are very high at the moment. In this scenario, residences can stay longer on the market and prices of homes may begin to fall. Interest rates may also continue to be lowered. For example, a large percentage of the listings recently have had at least one price decrease since entering the market. This means that many sellers are waiting, knowing that the property may fall in price a few times.

In a buyer's market, buyers have more opportunities and leverage than sellers which means that purchasers are more likely to remain patient by taking their time and shopping around. Many of them opt to choose an agent who only represents the buyer and not the seller. The agent will only benefit if you buy a house. If you are buying a brand-new house, ask builders for incentives such as free upgrades or suspended HOA costs. A purchaser should talk to other lenders and the best financing for the house.

If you are selling your home in the market, you should sell it for an appropriate price. Make sure you realize that most houses stay on the market longer during a buyers market. Homeowners should prepare to spend more time in their home than they may want. Save money just in case it does not sell. If you find a residence before your house sells, consider renting out your home until the market changes. But if you are a seller, it is especially important to price your home appropriately. Since there is an overabundance of them available, buyers will avoid a residence that is overpriced. Make sure you determine how long houses in your neighborhood stay in the market.

When selling your residence, make sure it is clean and odor free. Mow the lawn, rake the leaves and clear the sidewalks. Clean the walls and deep clean the carpet and make sure the children's toys are out of the way. If you decide to paint the inside of the house, make sure you use neutral colors. Make sure you let light in because this can make the rooms look larger.

Offer the purchaser offers certain incentives that would encourage them to consider it. For example, offer the purchaser a realistic carpet allowance or include appliances and furniture in your home. You may offer to upgrade certain appliances. You may even want to offer to pay the closing costs, which can cost up to six percent of the total cost. These costs include loan appraisal or any other paperwork. To first time home buyers who do not have much cash, this can be very enticing.

In addition, you should arrange to have a professional home inspection, because the purchaser definitely does not want to find a major problem during the inspection process. When buyers have to wait for the repairs in a buyer's market, this could encourage them to break the deal, especially if there are plenty of other houses in the market.

Qualify Your Prospects - Or Lose Them to a Competitor

Innovations are a mixed blessing. Because new developments offer the potential to improve personal or work lives, many people welcome the latest advances. Conversely, the newest way of doing things also carries the potential to annoy many people.

Take for example, current technology that simplifies how we can communicate with others. Using hard copy format (aka paper), we can send messages by hand, Canada Post, courier and various print media such as newspapers, magazines and books. Electronically, there is a wide range of telecommunications including wireless and Internet-based formats. As a person interested in marketing, I understand and value the contribution that today's technologies make to marketing communications. However, as a consumer, the misuse of these technologies drives me crazy.
Newsletters are one of the most popular and potentially effective of all marketing communications. Suitable for distribution in hard copy or electronically, they are ideal vehicles for keeping in touch with prospects, clients and network contacts. Properly used, they can enhance agents' credibility as knowledgeable real estate authorities. Inappropriately used, they have the opposite effect: instead of reinforcing credibility, they can raise questions about an agents' basic competence.

Through membership in the same organization, my wife and I have become acquainted with a real estate agent who is building his business. One component of his business development plan is the use of printed newsletters and Christmas cards. In building his list of contacts, he has taken our names from the membership list of the organization to which we all belong. And with list assembled, he has started regular mailings to his contacts, including us. I am less concerned that he is mailing to us without our consent than I am puzzled by why he considers us prospects. We have never discussed either real estate in general or our housing preferences in particular. I am no more sure that if I were looking for an agent he would be the right one for me than I would be a suitable client for him.

Unfortunately the mailings confirm this uncertainty. With content apparently mass produced by a third party, the newsletters are very generic and contain little information that is relevant or of interest to me. In creating the image of a dream home for last year's Christmas card, the agent described a scenario that is about as far from my ideal home as it's possible to be. It may well have been his vision of a dream home; it certainly wasn't mine.

In the overall scheme of things, receiving several mailings a year from this agent is not a big deal. These mailings do however illustrate the down side of the ease of communicating, especially sending newsletters. Certainly it's easy to assemble a list of people to whom newsletters can be sent. But just because you have some one's name and address, does that automatically mean that person is interested in hearing from you, let alone choosing you as their real estate agent? It's also very simple to purchase pre-packaged newsletter content for distribution to your contacts, but how effectively does this satisfy their need for useful information?

Undoubtedly, like many marketing programs, the agent's newsletter initiative was undertaken with the best of intentions and with no desire to annoy anyone. Ironically, in attempting to build or perhaps enhance a relationship with us, he has inadvertently caused me to question his skills as a real estate agent. Why did he not pre-qualify us as people who would be interested in receiving his newsletters? Why did he send us information without knowing whether or not it was relevant to us and our situation? And why did he think my idea of a dream home is the same as his?

Again, in the overall scheme of things, these issues are insignificant. However, in a competitive industry like real estate, they become relevant factors in the decision-making process. When and if it comes to pass that I am looking for an agent for my own needs or to refer to some one else, who will appeal most to me? The agent who doesn't know much about me and continues to demonstrate this though his mailings? Or am I likely to be more attracted to another agent who is prepared to take the time to get to know my preferences, needs and wants?

Certainly today's user-friendly communication tools can improve the effectiveness of marketing communications. And just as surely, these same tools can bite the unwary agent who misuses them. User beware.

Apartments in Kochi

In India real estate is flourishing every year and it has resulted in numerous openings for investments around the country.

There are numerous cities across India where Real Estate investments are a booming factor and Kochi is one of them.

Kochi, the Gateway to Kerala is booming as the major city for establishing real estate market. Many commercial and residential properties across Kochi have been urbanized immensely and they are all still in the process of development. Real estate investment in Cochin is now a striking asset.

There are many ready to occupy apartments, luxury flats, bungalows, in Kochi. New apartment units in Kochi are anticipated to reach around 100,000 in the next few years. Kakkanad, the eastern end of the city was a hilly village in Kochi and now it is growing as a new city hub.

A considerable number of Kerala residents dwell in foreign countries and t real estate in Kochi has always been the subject of NRI interest. A large number of employees are settling in Kochi and this might be a reason why the real estate business in Kochi is growing as ever before. Apartments in Kochi were always a hot topic to NRIs. They have keen interest in sub-urban areas in Kochi like, Kakkanad, Kaloor, Kalamassery etc. So it is highly prestigious to buy apartments in any areas of Kochi.

Investments in Kochi are arising due to the fact that Major Projects such as Smart City, Info Park in Kakkanad will be sharing a huge part of employments across Kochi in near future. As a result, the need for more and more apartments in Kochi are arising day by day. Thus the builders in Kochi are investing in more and more apartment projects near to Infopark / Smart City, Kakkanad.

Need a luxury apartment in the heart of Kochi, Kerala? Olive Builders, the ISO 9001-2000 certified Company presents before you luxurious apartments in Kochi Ready to occupy apartments in Infopark, Smart City,

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Open For Business 24 Hours a Day - 365 Days a Year

With the advent of globalization, businesses need to cope with trading internationally. Since time difference is always a problem the aspiration of setting-up a 24/7 office is one's businessman's dream. For a Tax Delinquent Investor this is almost a necessity. There is not one time where opportunities are latent. But there is GOOD NEWS!

There are ways to achieve this and one of them is to physically open your office 24 hours a day and fill it with staff. With this set-up your office is open 24 hours a day and has 3 work shifts in a day: The morning shift, the afternoon and the graveyard shift. This kind of set-up is very tedious and needs a lot of monitoring. And since your operation is 24 hours, you will be lead to hire ample number of people thus making your cost on salaries and wages balloon. It is sort of going against the Tax Delinquent Investor Goals, don't you think?

Then there is another way, which is an easier and cost efficient way. You can get all of that done by setting up your own website. Nowadays, almost everyone is connected to the Internet whether via computer, PDAs or cellular phones. A website is a virtual store that resides in the Internet. Everyone can access it anytime of the day thus eliminating the time zone differences around the world. Sales transactions are done electronically and payments are made via credit card using a secured payment gateway. But before you can setup your Tax Delinquent Investment business over the Internet, first you need to have a working system, some valuable information at hand and knowledgeable content to share to your audience.

Your Tax Delinquent Investment business website can accept queries, suggestions, information and even actual land/property purchases. It can also publish information and advertise properties you are selling. You can even have an interested buyer enter some of their information in so that by the time you contact them you would have most of their valuable details at hand. Lastly and the most important thing of all is that it can also accept payments from the buyer. Once you have packaged the basic requirements needed to setup a website then your business is open for business 24 hours a day, 365 days a year. This will enable you to maximize operations, decrease operational expenses; global expansions, thus, a much bigger chance to increase profit. Having your own real estate website makes selling land properties global in just a click away or to be precise just a mouse click away. You put your business out there for the whole world to see and you're client base is diversified, breaking all barriers, in terms of time and geographical zones.

Jack Bosch began investing in real estate in 1999. Along the way he discovered a secret system of buying land for literally pennies on the dollar and reselling the property for thousands more. Since his first transaction he has personally bought and sold over 5000 properties using his fine tuned system. Jack to this day still invests and profits from real estate, however now he also offers his secret strategy of buying and selling real estate for huge profits to You!

Discover the Next Boom Area Within the Gulf Region

The growth in specific regions within the Gulf Region has been widely publicized and documented by the financial as well as the wider media. Those who got in early and had the foresight to accurately predict the radical growth in specific regions are sitting on very good returns, especially in the real estate market.

The more aggressive returns within the Gulf Region has been within the U.A.E, specifically in regions such as Abu Dhabi and Dubai. Development is still happening in these area's but compared to other parts of the market Abu Dhabi and Dubai are much more mature. This is generally not a bad thing it just means that prices in this region are generally a lot more expensive in comparison to other regions.

So what does this mean for investors, it means that generally liquidity will denote where you can buy and at the moment with inflationary pressure's related to commodities as well as the fear of small corrections in the more mature property markets many are turning their attentions to the more northern Emirates for property investment's within the U.A.E.

A lot of financial analysts in the area's are endorsing and turning their attentions to the less developed Emirates such as Ajman. Ajman is currently the cheapest freehold property market in the U.A.E ,and with it's proximity to the most developed state of Dubai in the U.A.E it is looking very attractive.

The fundamentals as many agree look right to facilitate a prudent investment including low prices, massive investment, prestigious developments and location.

A Second Look at Custom-Designed Modular Homes

If you like the idea of creating your own modular home from scratch, you should make an appointment with a local architectural engineer. Come prepared with a list of both what you need to have in a custom-designed modular home, and what you'd like to have. Have a realistic budget in mind, and the specifics of your building site.

The architectural engineer will have a list of home features which can be included in a different selection of modular home designs, and once you have settled on the architecture and floor plan you want in your custom-designed Modular Homes , the architectural engineer will draw up plans which include all your requested custom features. The plans will be sent to the modular home manufacturing company, which will construct it in sections.

Each section of your modular home will have to pass strict a on-site quality control inspection, and your custom-designed modular home will be built to meet all the zoning and building codes in your municipality. Once all the sections are completed ( which normally takes about two weeks for a two section home) and approved, they will be covered and shipped to your building site. Some modular home manufacturers offer share-load shipping, so that you can split the shipping fees with other people in your area who are also building modular homes.

Construction of Your Custom-Built Modular Home

While you're waiting for your custom -Built modular home to arrive, you will need to have a foundation built. The home will be joined to the foundation, and the remainder of the construction process will usually run between tow and three weeks. Because you have a fairly accurate idea how long it will take your new custom home to be ready, you can have a much easier time of planning your move.

You may be surprised to leant that a custom-built modular home will actually contain between twenty and thirty percent more lumber than a traditional home of the same size, and that all its sections will be not only nailed or screwed, but glued together. From architectural appeal and energy efficiency to solidity of construction, custom-designed modular homes are equal or superior to traditional homes in very way!

The Easiest Way to Prevent Bankrupting Your Home Staging Business - Stop Giving "Free Estimates"!

When I ask many real estate agents today about the state of the market and its effect on their income, I often get an earful about tiny, intermittent commission checks and complaints of record breaking gas prices cutting into already bleak profits. Things aren't great for many in the front lines selling real estate right now.

However, if you're a home stager, chances are you are building your real estate staging business with the help of the market's downward spiral. In a buyer's real estate market, the people prepared to make offers are pickier than ever. Homeowners are desperate to sell. They're scrambling to find an edge that doesn't mean dropping their asking price, and that's great news for home stagers.

More homeowners than ever before are turning to home staging professionals for advice on how to best decorate their homes to stand out before they list with a real estate agent. If you're one of the lucky stagers enjoying an increase in inquiries because of the market's decline, you have to keep the fine line between 'free estimate' and 'free advice' good and clear. Otherwise, you could burn out and bankrupt your business faster than you think.

If you are a home stager, you know what you can expect when you walk into a house to meet with a home seller to provide a home staging estimate. Not long after being greeted at the door, you're peppered with questions like; 'Do you think I should repaint the bathroom?', 'What do you think of the rug in the living room?', 'Should I leave the high chair in the dining room for showings?', 'Do you think the kitty litter in the washroom will turn off buyers' Of course these are legitimate questions for a home seller to consider. But when they're asked of a professional home stager, the real goal is to obtain free home staging advice.

Because you can increase the perceived value of a home from $10,000 to $70,000 by staging it properly, you deserve to be paid (and paid well) for your expertise and advice. Unfortunately, if you're new to the business of home staging, you might be tempted to visit sellers to provide a free estimate of what it will cost for you to stage their home. If you continue down this road, you should know it almost always leads to burnout and bankruptcy.

If you consider yourself a professional stager, I hope you're not out there wasting your time (not to mention gas) visiting potential clients to give away free advice. Any serious home seller seeking professional home staging advice will be happy to pay for your services - they know your work will result in a quick sale for top dollar.

It is rarely necessary to visit a home to provide a rough estimate of what it will cost to stage it, especially if it's already furnished. If you have any experience at all, you'll be able to tell from one telephone interview, approximately how long it will take and roughly what staging will cost the seller. However, you have to be confident enough to explain everything thoroughly to someone who has probably never hired a real estate stager before. They need to understand the services you provide and how it will benefit them.

So how do you stop walking right into the free estimate trap and start taking the reins right from the get-go? You arm yourself with the information you need to enable home sellers to understand your services and realize how much they need you. I've recently created a tool called the 'Staging Diva® Sales Script: How to Avoid the Free Estimate Trap and Turn Homeowners Into Home Staging Customers in One Phone Conversation.' It's my script of what I say to a prospective customer to turn them into a buyer. I've been using it for five years to build my staging company Six Elements Inc. This resource teaches home stagers what to say when the caller asks, 'I';m thinking of having my home staged, what does it cost?', so they no longer have to fall into that 'free estimate trap'; in the hopes of winning business.

With the opportunities opening up for you as a home stager in today's slow real estate market, it's certainly not the time to give your services away for free. Educate yourself and enjoy the profits waiting for you as you help desperate homeowners sell faster and for more money. Their real estate agents will appreciate it to since you make their selling job so much easier!

Bangalore Real Estate Goes Green

Bangalore real estate activities are witnessing a stagnation period. There is identified stock of unoccupied properties in the Whitefield area. The reason gauged is all the IT and IT enabled service companies are heading towards green buildings. Green buildings are the peg of the year as the world is adapting green arena to counter various environmental issues. All builders and developers are bound to adopt green technology to construct their buildings.

The upcoming real estate activities in Bangalore are happening at outer ring road and peripheral areas. Few buildings where the construction has just completed are lying vacant. The Bangalore real estate market is experiencing such vacant unit supply in past couple of months. The reason sought is the increasing demand of green building. The newly constructed Bangalore properties are not meeting green buildings requirements and thus they are not rated as green.

The IT and ITES companies are not occupying this space and as a result the real estate values are stagnating and the property prices are going down with time. In the last quarter demand - supply mismatch was approximately a million sq.ft. (as stated in Cushman & Wakefield report).

The Bangalore Real Estate Builders and property developers are still reluctant in building green homes and using new technology because of their profit margin. Also all the upcoming and current projects are overpriced than the market value.

The Whitefield region in Bangalore, where IT and ITES firms occupy most of the office space, could be delivered another blow when a Bangalore government scheme which provides rebate in tax to the companies located at "technology parks" comes to an end next year.

Most of the companies will head towards Special Economic Zones (SEZ) which is designed as per the green codes and this will further render some Bangalore properties vacant. Thus Bangalore real estate builders have no choice but to start constructing green buildings to save the environment as well as their own business

Foreclosure - Cut Your Risk Get Home Inspection

FSBO - Avoid Some Common Mistakes

For selling your FSBO property, you need to avoid some of the common mistakes. There can be a number of things that you might need to perform before you actually offer your property for sale.

1. Avoid jam- packed rooms, kitchen and stores before offering your FSBO house for sales: A potential buyer would like to view the rooms, store or kitchen keeping in mind the requirement of the buyer. So, all unnecessary items should be removed from the rooms, store or kitchen. You need to pack all these items so that they do not occupy the needful space.

2. Maintain leaking water tape and connections: Many times a small tap or water pipe start leaking in our houses and most of the time we forget to repair it or even sometimes we do not give much attention to the leaking pipes. These leaking pipes cause damages to wall paints and before offering your FSBO property, you need to repair all the leaking pipes.

3. Improve the look of your garden: You need to give some time for improving and maintaining your garden. Most of the time a potential buyer gets the first impression of your house from your garden. So, avoid congested garden and if possible plant some flowers of the season. You can also take the help of a nursery or any botanical garden of your area, which will suggest the type of plant that will grow in the soil of your garden.

4. Replace broken glass windows or doors: Sometime we avoid repairing a minor crack on the glass of our window or doors. Especially you should take extra care if your main entrance door or window is not in good condition. It gives a poor impression to the potential buyer of FSBO property, so you should at least keep your entrance door and adjoining windows in good condition.

5. Maintain the exterior of your FSBO house: Most of the FSBO owners don't care about the exterior or interior of your house. The exterior of the house is as important as the interior of the house. So, before offering your house for sale, you should at least put a coat of paint on it.

So as an FSBO owner, you should keep the above points in mind and it is necessary for you to improve your house as per the few points mentioned above so that you quickly get a buyer for it.

Getting the Best Deals on Miami Beach Condos

Settling down in Miami Beach requires a residential unit that will fit your specification of a family home. Considering that the city is a hodgepodge of cultures, you can practically see dozens of different architectural designs available that will suit your taste.

One of the most sought after residential properties in Miami Beach are the condominiums. These luxurious homes are prized among the rest considering the functionality and the convenience of having one for your very own. Despite the fact that Miami Beach condos are quite expensive to acquire, as compared to other residential units like single-family homes or apartments, having one under your name is a big change in regards to your daily upkeep and lifestyle.

Finding The Right One

If you want to maximize your condo acquisition, you need to decide on several factors that will determine its usefulness for your needs. First, you need to do a little research regarding the prices of condominiums in Miami Beach. Though most of them are quite expensive for your taste, some of these residential complex do exists that providers lower rates than the rest.

Aside from the price, you need to look into the different amenities and facilities in a condo unit so that you can decide on which one would be perfect for your needs. Take into consideration the amenities of each unit, like the number of rooms, floor area, furniture and fixtures, and so on. Check also the available facilities that you will jointly own with the rest of the residents, such as swimming pools, housekeeping staff, security and privacy features, entertainment and recreational facilities, and so on.

The Status Of The Miami Beach Real Estate Market

If you want to purchase these luxury units at the lower price, then you need to keep a close eye on the real estate market of Miami Beach. We can never deny the fact that the prices of assorted residential units fluctuate depending on the status of the real estate market, as well as the demands and availability of these units for acquisition.

You might want to exercise a little bit of patience and wait until the prices of condo units in Miami Beach is at its lowest. You can consult a real estate agent to get the info you need, or hire their services to look for a Miami Beach condo that will fit your budget.

Considering that the real estate market of Miami Beach is currently recovering from the effects of the housing crisis that hit the entire U.S. You can safely say that the market will be returning to normal in a few years time, but the demand for such commodities is high considering that the prices are still lower compared to the market boom in the last decade.

Central Delhi - Million Dollar Baby

The slowdown in the real estate sector has not been able to stop the affluent from buying a house at sky-rocketing prices in central Delhi's swanky locality. Though the inflation is on an all time high but it has hardly made a difference to the well-heeled.

According to media reports, in the last two months, three high value transactions have been made worth Rs 300 crore in central Delhi's elite Golf Links locality, where infrastructure major GMR, a prominent auto-dealer, a former Prime Minister's son and a politician have bought a house. Limited availability of properties in the area and rising demand from rich-getting-richer customers has resulted in such price appreciation, articulate industry experts.

The central Delhi has always been a hub of real estate activities in the city. South Delhi comes the close second. Though west, north and eastern zones of the city have so far been bustling with real estate activities but it's the central Delhi which has remained the hot cake of the Delhi property market.

Also known as Lutyens' Delhi, it includes areas like Aurangzeb Road, Prithviraj Road, Mansingh Road, Shahjahan Road and the nearby posh localities of Chanakyapuri, Golf Links, Jor Bagh and Sunder Nagar. All these areas have always been the most preferred locales of Delhi, an ideal location for all Delhi Real Estate Builders and a place-to-be-in by all and sundry.

The main reason for the popularity of these areas is that being the central most part of Delhi, it is well connected to different parts of the city. Being home to the political and business bigwigs, it boasts of superb infrastructure than any part of the city.

Further, with Connaught Place revamping, it is going to be a value-add to the already high-profile property market of central Delhi. Moreover, as Delhi real estate developers look around for various business opportunities the redevelopment could be the next big thing for Delhi properties.

Selecting an Online Construction Management Service

Today, construction teams need to do a lot more with a lot less. In this competitive environment, many look at online (Web-based) construction management software to help them make decisions faster, automate documentation and reduce costs.

Three of the most important criteria for selecting such software are ease of use, focus and affordability.

Ease of Use - The software must be intuitive and easy to use. It must mirror the way the project team has communicated for years and not ask them to learn a new way to exchange information. It must employ familiar methods for formatting and presenting information so that field personnel can put it to use immediately, inputting information with ease.

If users can virtually teach themselves with little or no training, they are more likely to use the software. If the construction management software looks complicated, the project team will either spend too much time learning how to use it (minimizing its benefits), or avoid using it altogether (sabotaging its effectiveness).

Focus - The construction project management software should focus on the areas where it can make the most difference, namely routine, repetitive tasks such as RFIs and CCDs.

The greatest benefit comes from using the software to automate these exchanges of information that move projects forward on a day-to-day basis. The software can ignore - or link to - other applications that are needed less often such as CAD drawings or CPM schedules.

The first online software tried to do too much. They were too complex and difficult to use, making many construction professionals reluctant to use them. Software that does a few things well is much more valuable than one that does many things poorly.

Affordability - Good online construction management software can pay for itself in a short period of time due to increased productivity.

Of course, it is still important to check the price. Most online construction management software is sold as an annual fee, typically based on the number of users or projects. Other possible costs include a set-up fee, maintenance fee, training (if required) and customization (if available). Better software vendors offer a free trial or a month or so.

But price is not the only factor in affordability. Productivity is another important measure, and study after study shows that lost information and paper-based systems are expensive indeed.

For example:

The Butler Group, a London-based IT research and analysis organization, contends that as much as 10 percent of a company's salary costs is "frittered away" as employees scramble to find information to do their jobs.

According to the Delphi Research Group in Elmwood, Connecticut, 15 percent of all paper handled in a typical business gets lost and each lost piece of paper costs a business $120.

The German firm AWV concluded that companies could increase productivity 20 to 30 percent, and save 20 to 40 percent of the time spent on document handling, by managing documents electronically.

A rough ROI measure of productivity improvement is: (number of employees) x (salary) x (% time savings) x (productivity rating). With that formula, if the software saves a few hours a week (a conservative estimate), it probably will pay for itself in a few months.

Summary

By concentrating on ease of use, focus and affordability, construction teams can choose an online construction management service that fits their needs. Such software can reduce workloads, minimize delays and maximize profits.

Real Estate Ideas For Buying a Home

Think you are ready to buy a new home? It's not as easy as visiting a few open houses and rifling through pictures online. Before you take the plunge, consider some of the following questions to help guide you through the complex process of buying a home. Home buying is a big financial investment. There are a number of things you can do to make the buying process enjoyable and successful.

1. Is this the right time for me to buy?

Besides taking the current real estate market into account, give some intense thought to your own situation and lifestyle. Buying a house is one of the biggest financial investments you will make. Not only that, but it's a time investment as well. If you're unhappy at your current job or in your current city of residence, buying a house might not be a wise option. You should feel fairly confident that you will be comfortable staying there for at least five years, especially if you're a first-time home-buyer. Research is very important to know what you want and what is available. It is very crucial to consult with your family and friends.

2. Can I afford it?

It's true that paying a mortgage is often times more economical than paying month-to-month rent, but there are many hidden costs. Initially, you may have to cough up some cash for a down payment, home inspection, insurance, and other fees. You may also have the burden of paying for the moving expenses, paint, and furniture. Turning your new house into a home might eat up some of your weekends. If you don't have any extra funds squirreled away to handle the surprises of home ownership, you may want to build up your savings account first.

3. Do I need a realtor?

Probably. Unless you are a realtor yourself, you will need someone to represent you and assist you with the process. You don't have to open the phonebook and pick the most convenient agent. You're hiring them; therefore, you must interview. It's important to find an agent that you communicate well with and who is experienced with your particular needs. Some agents specialize in condos, others might only do mansions. Agents will help you with budgets, loans, and market trends. They also know about properties before they are listed, potentially lessening the buyer competition. By having a real estate agent, you will see more properties and it will increase your chances of negotiating a good deal.

4. When should I get a loan and where?

Money will constantly be a factor in your house hunt. Rather than becoming frustrated by all of the dollar bill signs, it is recommended that you get pre-approval for a home loan before beginning your search. This will help you outline your initial budget and you will avoid potential disappointment, if you can't get a high enough loan for that dream house you saw. You can get as many pre-approval loans as you would like, but each will appear on your credit score so don't shop around if you don't have to. The pre-approval loan is also the gateway into better negotiations. Some sellers will balk at signing over the deed if they don't have some sort of proof that you have the finances.

You can find a lender with a mortgage company, online, or through suggestions by your realtor.

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