To own a home is still many people’s dream in today’s world. As the times have been going, many people have tried their luck in various investments, major among them being real estate investment. In present times, real estate investment has grown into a big field and the homes being built are even more diverse as many contractors try to make more comfortable places for people to live.
Despite the boom in real estate investment, a lot of people are still very much reluctant to join in as real estate investors for they do not quite understand the aspect surrounding real estate investment. But looking at real estate investment, as a business opportunity brings light into the whole aspect of real estate for one will be in the position to look at it in terms of; generation of rental income, collateral in the acquisition of a loan, in the event you need to offset taxable income or just from the point of resale profits gained.
Going into real estate investment can guarantee great significance with minimal risk involved, provided, one is able to understand the fundamentals that surround the real estate. A common example of a real estate investor is one with ownership of a couple of real estates where by he resides in one of his houses while the rest he rents them out to tenants and from the tenants is where he accumulates his/her income. There is also the aspect of price appreciation in the value of land or even homes in one way or another paving way for major capital gains.
With the ever advancing internet technology, now real estate investors can easily check out various real estate investment opportunities while also getting access to articles which are very handy in terms of giving out tips and strategies concerning investments.
Growth in the real estate investment can be attributed to the low rates being charged for mortgages even though real estate properties have been on the rise in big cities and towns in terms of value. The major factor which you should carefully look at though is the equity, which is the deference that is available between the whole amount that you will need to pay for your mortgage and the actual value of the property.
On various occasions in the world, introduction of tax breaks has greatly assisted most real estate investors to get into investments and what many people so as risky in terms of the capital invested has now turned out to be a great cash cow.
True success in real estate comes when one finally understands how to utilize the income from the property, in covering the maintenance costs of the property as well as ensuring that one gets some return either for reinvesting or saving.
Who can and who should take the real estate training or course?
Practically anyone who wants to make a career in the property industry can choose to go for the training. If one feels that they can carve their niche in the property sector and have what it takes to excel in the profession, a good real estate course will be of crucial importance.
Amid the current financial recession when all industries appear to be toppling, property industry is still somewhat stable. Although there is an evident slowdown in the industry, yet it is growing. So the requirement for real estate professionals has not eroded and every property company needs a property professional. Today, when career opportunities in other professions show a great deal of saturation, the potential of real estate industry is slowly dawning upon people who are now taking up real estate training courses to enter this vast field of opportunities.
What are the real estate training courses about?
Real estate of course! Every country of the world has its set real estate laws and ordinances. These laws may vary largely from country to country, and also from city to city within in a country. This is one reason why it is important for a real estate professional to not only become aware of, but also have a deep insight into his region’s property laws and regulations. The real estate training courses consist of a series of classes or lectures which cover anything and everything about real estate in your region. The courses are designed, handled and delivered by the area’s real estate experts with vast experience of the local property market. The most common things covered in the property training are the property laws governing your area’s real estate industry, your responsibilities as a real estate agent, and the types of real estate present in your zone of operation. The courses are also designed to hone your buying and selling skills as a property agent.
Where are the real estate training courses available?
Probably not far from you. These courses are gaining popularity around the world and many established property companies and agencies have taken this initiative. Not only established real estate companies, but also experienced property professionals have started educationg people about the property business and its ethics with a special focus on the latest real estate trends of their own region’s property industry. So it’s very probable that after a brief search, you’ll be able to find a property company, agency or individual offering this course near your house or somewhere else in your city. And if you don’t, there are numerous real estate training courses available online in which anyone can enroll with ease. All it takes is a little online search and you’ll come across innumerable options. Most people consider online course more convenient than the classroom study as you can study at your convenience without having to rush for taking classes. It saves you the time and hassle of the traditional classroom study. Many online universities and institutions have even started bachelor and master degree programs in real estate development and management.
When can you enroll for the course? How long does it take to complete?
It depends on various factors. Your choice between online and classroom study, the mode of training, and the trainer’s discretion, all these factors come into play. The best way to find an answer to this question is to visit the trainer in person if it’s an offline (classroom) course, or to visit the website of the trainer if it’s an online course. The websites of educational institutions bear all the details of the courses they offer including the course objective, outline, duration, and choice. One trainer may offer more than one property training course at a time designed for different individuals as per their requirements, suitability and market exposure.
Why should you take this course?
Well, we’ve already discussed it in the 1st answer. One definite answer to this question is that the property market is still booming when the other industries appear to be falling down in the current financial recession. As the industry is expanding, there’s more and more room for real estate professionals in it. Taking a real estate training course can help you make a career in this booming sector and excel professionally.
Daniel Marshel is a senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. He has more than 25 years of hands on experience of working in Dubai property market. He has helped thousands of his clients to buy property in Dubai. He is a trusted name in getting real estate for rent among property finders. Daniel is well aware of the latest trends in property for sale in Dubai, UAE. His firm Better Homes offers online Dubai property listings, property management and property investment services
It is safe to say that you are looking to accumulate cash through real estate speculating? Provided that you are, you are not apart from everyone else. Notwithstanding, real estate speculating is an unreliable business. There are some real estate investors who are notable, while others are not. That is why it is prescribed that you do your own exploration or sign up to take a real estate transaction course or class. Concerning sitting down for a bit to thoroughly analyze real estate contributing, there are a considerable number of confident real estate investors who ponder why they ought to plague. A significant number of gather that acquiring real estate lands, repairing them then afterward leasing or offering them isn’t a confused course of action, but there is additional to being a real estate investor beyond unequivocally putting a buy give for a property and doing a few repairs.
By sitting down for a bit too in fact pick up about real estate speculating, you are likely to end up being a notable real estate investor. One of the explanations why examination builds your possibilities of seeing achievement and benefits is for the reason that there are numerous real estate speculating tips over there, unequivocal holding up to be found and utilized. What a considerable number of do not realize that is a large number of real estate contributing tips, which incorporate both rules and regulations, are created by noteworthy real estate gurus; those who have viewed benefits themselves. Getting your informative content from an ahead of the game, demonstrated real estate guru is your most fit risk of victory. This is being as how the qualified data or tips that they give you are appropriate, as they have regularly attempted them out direct. For that explanation, you could prefer to search for real estate books or real estate courses that are composed or being accommodated by efficacious real estate investors.
As a real estate speculator, you have the choice to repair an obtained property then after that resell it or come to be a proprietor. A large number of real estate courses and books blanket both real estate backing ways, and blueprint the shots of accomplishment with every. As a real estate guru, you are your particular jefe; accordingly, you are equipped to settle on your particular choice, in respect to what sort of contributing you could would give anything to do, but seeing qualified information on past gurus and their progress may give you great brainstorms; plans that would be able to help you end up being an auspicious real estate speculator. In short, depending on if you are not kidding in regards to coming to be a real estate investor, you will prefer to take a real estate contribution course or buy an accumulation of your particular real estate speculating books. With regards to ending up being an on track real estate guru, exploration could not venture to be underlined on enough.
There are a lot of differing opinions about the best time to purchase a home. The National Association of Realtors states that the majority of homes are bought and sold between April and July.
In the late spring, families are preparing for the end of the school year and summer vacation. A lot of homeowners put their property on the market during the spring and summer months because they don’t want to move during the school year. Most sellers don’t want to move during the colder months when they may have to deal with autumn and winter storms.
Late April and through the summer are the times you’re more likely to find a home that suits your criteria and your budget when there’s an abundance of homes for sale. Some homeowners want to make improvements on their property before they put it on the market and take advantage of holiday sales to purchase what they need to spruce up their home and make it more attractive to buyers.
Data shows that homes that are listed in the spring have a higher sales rate, and a buyer is more likely to pay your asking price. A lot of potential buyers have gotten tax refunds and have funds for a down payment. In some cases, you can find homes within your budget between the Thanksgiving and Christmas holidays. Homes that are listed in November and December usually have price reductions because they didn’t sell at the buyer’s asking price earlier in the year.
A good tip for house hunters is to make an offer on a home in January. After the Christmas holidays, most people aren’t actively searching for a new home. Most sellers are hesitant to list their homes in January. Due to inclement weather and the fact that a lot of potential buyers aren’t actively looking for a house, most homes don’t show very well. Since there’s less competition for homes, a seller is more likely to accept your offer.
Another good time to buy a home is when it’s more financially sound for you to own rather than rent. You can make a comparison with a rental property and home for sale with similar features and in the same price range. Divide the asking price of the home for sale by the rent for one year of the other home.
The best time to buy a home is when you’re financially stable. When your debt to income ratio is under control and if you’re free of debt, you may start thinking about buying a home. It helps if you can get pre-approved by a lender when you begin searching the real estate market. You should put money aside for a down payment as early as possible when you decide to buy a home. Ideally, a 20 percent down payment is preferable, but some lenders will approve you for a down payment of 10 percent.
Real estate agents routinely get bashed by buyers and sellers for being too pushy, not pushy enough, out for themselves and the almighty dollar. In fact, often consumers will equate real estate agents with the persona of the car salesman. You know, the guy who dresses a little too nice and talks a little too fast…all the while pushing you toward something you might not be able to afford or even like. While there might be a small handful of real estate agents who fall under those descriptions (as there are in any profession), the majority of real estate agents are honest, hard-working professionals who live and breathe real estate. Here are reasons why a real estate agent outclasses a car salesman any day of the week:
1 – In a word: education. Real estate agents must take hours of classroom instruction in order to become licensed. This isn’t a week’s worth of sales training. A licensed real estate agent has to learn about the laws and procedures regarding the state in which he intends to sell real estate. A licensed real estate agent is then tested on that knowledge via an intensive state exam. And the education is not over once the agent gets his license. Every state has renewal requirements, requiring the real estate agent to take continuing education classes to ensure that every agent is up to date on the latest news and policy in the real estate profession.
2 – Another difference is oversight. Real estate professionals are kept in check by their state’s Department of Real Estate (sometimes known as a Commission or Board). Not only are there many license requirements that each state has but there are also disciplinary actions that can be implemented by each state’s real estate department. Real estate agents can get their licenses suspended or revoked by the department.
3 – Did you know that the National Association of REALTORS(R) (NAR) is the largest professional organization in the world? Each and every real estate agent who joins the association agrees to adhere to the Code of Ethics, which is geared toward protecting consumers and ensuring that real estate professionals act within ethical standards. Think you can find a car salesman with membership in a similar organization?
4 – In real estate there is also a requirement of disclosure. A real estate agent must disclose material facts known about any home. An agent can’t misrepresent a home to you, its condition, etc. in the hopes that you won’t find out until it’s too late (and you’ve rolled off the lot). There is no crossing of fingers and hoping all works out because not only is the real estate agent’s reputation on the line, but also his status as a licensed agent. With every single real estate transaction, an agent is putting himself at risk of legal and financial consequences. Why would any reputable agent risk losing his career and possibly a lot of money in court? He wouldn’t. So the real estate agent will err on the side of caution and disclose everything he ethically and legally must disclose.
5 – A home is the single most important financial transaction of your life. Real estate agents understand this. They understand that there is no “one size fits all” when it comes to helping you purchase your home. While a car salesman might hear how much you make and steer you to the vehicle that will take advantage of that fact, a real estate professional will also take into account your monthly expenses to help you determine what you can truly afford to pay. From there, the real estate professional will encourage you to speak with a mortgage professional to obtain the most accurate picture of your financial ability to buy. Only then will the real estate agent start to narrow down your home search. Because the real estate agent understands that it’s not only a financial issue. You have wants and needs that the real estate agent will evaluate in order to find you a home; you’re not looking merely for a roof over your head.
While it’s easy to make jokes and compare real estate agents to car salesmen, they have little to nothing in common. While both help you out with a purchase, the motivations and the expertise behind that help differs vastly. A real estate agent is continually educated, adheres to ethical and legal standards and is looking to build a life-long successful real estate business, not just sell you any old car off the lot.
So you are considering the purchase of a condominium. You want to know if this is a good idea for you. As with any type of home purchase there are good points and bad points. In this article we shall look at a few of each as they relate to owning a condo.
First of all you must decide if you really want to live in a condo for the rest of your life. If you have a large family and/or a lot of pets, a condo is NOT a good place for you. Remember a condominium is essentially an
You already know that the cost of running your real estate business didn’t end with paying for your schooling, your license, and your various association fees. You also have to spend money promoting your services.
But what’s the smartest way to spend that money? Should you spring for ads in a homes magazine? Should you run weekly ads in the newspaper or on the radio or TV? Should you buy pens, notepads, and calendars imprinted with your name and hand them out? Should you sponsor a sports team at the local high school?
I believe you should spend a little of it on a well-written real estate agent bio.
You know you need a real estate website.
After all, the majority of consumers now go first to the web when they want to find a home or choose an agent. But when it comes to real estate websites, there are differences of opinion. Many agents create real estate sites that are all about the area, while others post custom copy that outlines the service that clients can expect. (Those are my favorites.)
Either way, because a good website is focused on the customer and his or her needs, the only places that a visitor can really learn anything that helps them “connect” with an agent is through their blog and their personal bio, or “about me” page. And even some blogs don’t offer a clue, because they’re all about new listings or the community.
The chance to “connect” is the reason why having a well written agent bio is so important.
Unfortunately, many agents use this space merely to list education and designations, and to repeat those tired old platitudes about “excellent customer service.” I think that’s a mistake – and a lost opportunity.
This is the spot where you have a chance to reveal the “real you.” Here you can tie your past experiences and present passions into the service you provide.
Why does that matter? First, because your past experiences lend proof of why you’re so good at what you do. Think how many of the traits of a top real estate agent were probably developed while pursuing earlier jobs or careers – or even while managing families. How about: active listening, patience, the ability to teach & explain, record keeping, organization, punctuality, mathematics, negotiation, and leadership.
And then there’s knowledge you bring from past experiences – for instance, decorating or house construction.
Next, your present passions give insight into your personality and your value system.
Weaving your past and present experiences into your personal bio allows your prospects to consciously or subconsciously identify with you – and choose you because of that identification.
We humans tend to naturally trust people when we see them as somehow “like” us. And it doesn’t take something dramatic to form that connection. For some, just learning that an agent gets up early to hit the golf course, work out at the gym, or go horseback riding before work could be the “I choose you” trigger. For others, it could be a shared interest in animal rescue, adult literacy, or feeding the hungry.
It could be something as simple as having children of a similar age or sharing an interest in gourmet cooking.
That connection will often be the deciding factor that draws clients to you – already predisposed to like and trust you.
That’s almost as good as a personal referral.
In addition, once your bio is written, you’ll use it on your website, on blogs like Active Rain or Real Estate Marbles, in your listing presentation, and on brochures. The best part of all, you pay for it one time, and keep using it until you have something to add.
For these reasons, investing in a well-written agent bio can be far more valuable than an ad in a homes magazine, or a series of 30-second spots on radio or TV – and it costs less, too!
Marte Cliff is a Freelance Copywriter who specializes in writing for real estate and related industries.
She’ll help you with one letter, or an entire marketing plan. For Real Estate agents and brokers who are ready to get full value from their websites, she’ll be happy to put together an entire package – from the web copy to the lead generation packages that make an agent’s phone ring.
For busy agents on a budget, Marte offers pre-written letter sets for use in postal mail or in e-mail continuity campaigns. The current selection includes letters for FSBO’s, Expired Listings, Short Sale sellers, First Time Buyers, and a set for new agents to send to buyers. Read what’s included in these sets by visiting http://www.copybymarte.com/pro/prospecting.html
Marte’s weekly ezine for real estate professionals offers tips and hints for building a successful business. To subscribe, and to see other resources available for real estate sales professionals, visit her at http://www.copybymarte.com
Ras Al Khaima Authority (RAKIA), and APIIC signed a memorandum of understanding in September last for the development of HEC with a proposed investment of Rs 20,000 crore. This is the largest real estate and infrastructure project coming up in Andhra Pradesh and is expected to provide quality employment to thousands of people. RAKIA is a world renowned and much respected investment body that is cash rich. Executing a project of this magnitude is well within their capability.. The Andhra Pradesh government recently allotted 471 acres of land at Sultanpur village of Medak district for the first phase of Hyderabad Economic city which is being jointly developed by APIIC and RAKIA. Residential areas adjacent to Sultanpur such as Ayilapur, Kistareddypet and patelgudem will be the most sought after destinations and are likely to appreciate in value considerably.
RAKIA is the investment arm of the UAE government which had asked for a total of 2000 acres for the project. The balance land would be allotted in due course according to an APIIC official. It is the government body responsible for the socioeconomic growth of the emirate. The MoU was signed by Wahid Attalla, Member of the Board, Rakeen, the real estate development arm of Ras Al Khaimah Investment Authority (RAKIA), and APIIC Chairman and Managing Director B P Acharya, in the presence of Andhra Pradesh Chief Minister Y S Rajasekhara Reddy. RAKIA is also developing several other townships across the country through RAKINDO, RAKIA’s joint venture company in India. Over 3,000 acres of land has been earmarked for various projects in Coimbatore, Chennai, Kumarakom, Hosur and Cochin, each with a projected cost of $2bn.
Sultanpur is situated at a distance of 16 to 18 Km from important hubs such as hi-tech city area, Microsoft campus, financial district etc. With this proposed project in Sultanpur, Medak district will witness a significant change in terms of infrastructure and employment facilities. Sultanpur is located abutting the outer ring road and is presently accessible from the Mumbai highway via the Beeramguda crossing which is two Km after BHEL. A three and half Km drive would bring you to Kistareddypet village. The limits of Sultanpur commence barely half a Km to the right of Kistareddy pet which has already been witnessing real estate development in the form of gated communities, residential layouts and apartment complexes.
Hyderabad would be an integrated financial hub with infrastructure facilities for financial services operations for banking, insurance and asset management companies. The project would also have an integrated health city that would include facilities for clinical and non-clinical services, hospitals, and medical colleges, research services for clinical trials, drug delivery system, stem cell research and genetic research among other things, according to sources.
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When you think of buying a residential property in Bangalore, the choices are many, ranging from simple one room house to independent villas. But, choosing a location can be quite a cumbersome task, as you have to choose a property that suits your needs and your pocket too. The price of a property depends on the type of the property and the location. You will need a bigger pocket if you are eyeing the central areas that are well connected and located in the heart of the city. Or, if you are satisfied staying in some interior part of the city, you don’t need to worry much about the expenses.
The most popular areas like Brigade Road, M.G. Road, and Cunningham Street etc. are mostly known for their commercial importance and it’s a mammoth task finding a house in these areas. Apart from that, there are some residential areas as well, that may not be as pocket-friendly as you want your desired locality to be. For example, Sadashiv Nagar, Whitefield(Villas), Off Cunningham Road, Off Palace Road etc that are known to be the abode of the affluent.
Following is a list of stylish, well-planned residential areas in Bangalore that are well connected and yet, are average budget localities:
Indira Nagar-Located within a diameter of few kilometers from Domlur airport, the area is well connected to rest of the city. It can boast of several renowned hospitals and educational institutions as well. There are a number of shopping options in addition to nearby pubs, bars, restaurants, gyms etc. The area can be classified as an average budget area.The average price and rent for apartments in this area is Rs.4736/sqft and Rs. 16/sqft respectively. The price for residential plots, on an average is Rs. 8935/sqft.
Koramangala-Reputed firms and business houses, renowned educational institutions, St. John’s Hospital and a number of shopping centers and malls, this area is surely a very good option to settle down. Criss-crossed by many roads and near to Indira nagar, the area doesn’t seem to be facing any sort of connectivity issue.The average price and rent for apartments in this area is Rs.4614/sqft and Rs. 18/sqft respectively. The price for residential plots, on an average is Rs. 6570/sqft.
Banshankari- A medium budget locality at about 15 Km from railway station and 25 Km from the airport, the major connecting road is the 100 feet ring road. There are a number of new projects developed recently or under development in the area.The average price and rent for apartments in this area is Rs.4232/sqft and Rs. 9/sqft respectively. The price for residential plots, on an average is Rs. 3693/sqft.
Jayanagar- Lying close to Banshankari, Jayanagar is a well developed residential area with a cosmopolitan setup. There are a number of shopping complexes, educational institutions and some of the most famous food joints, e.g. Mughal Darbar, Taj Darbar, Blue lagoon etc., in the area.The average price and rent for apartments in this area is Rs.4974/sqft and Rs. 15/sqft respectively. The price for residential plots, on an average is Rs. 10167/sqft.
Malleshwaram-It is one of the greenest localities of the Garden City. The place is naturally beautiful with the lush greenery all around.The average price and rent for apartments in this area is Rs.5223/sqft and Rs. 16/sqft respectively. The price for residential plots, on an average is Rs. 8312/sqft.
Marthahalli- Close to Whitefield and Sarjapur, the area is well connected and offers lots of new projects as well, to choose from. It is again a medium budget locality.The average price and rent for apartments in this area is Rs.2617/sqft and Rs. 12/sqft respectively. The price for residential plots, on an average is Rs. 2863/sqft.
BTM Layout-Located in the southern Bangalore, the area houses the IIM. It is a well planned residential colony with developed road system and separate market place.The average price and rent for apartments in this area is Rs.3174/sqft and Rs. 12/sqft respectively. The price for residential plots, on an average is Rs. 5110/sqft.
Madiwala- An area for small budget home seekers, Madivala is one of the most crowded areas of Bangalore. Though the interiors of the locality are not comparable to those lying in the vicinity, it is nearby to BTM, Koramangla, and HSR Layout areas.The average price and rent for apartments in this area is Rs.2785/sqft and Rs. 12/sqft respectively.
HSR Layout- The area is well connected to Whitefield, Marthahalli, and Electronic City, where most the offices are located. Well connected to the city and better infrastructure makes it dearer. You can find any number of medium budget houses in this locality.The average price and rent for apartments in this area is Rs.3351/sqft and Rs. 12/sqft respectively. The price for residential plots, on an average is Rs. 4402/sqft.
K R Puram- Krishna raja Puram or K.R Puram is well connected to the city. You can find hundreds of flats in this area, depending on your needs and budget.The average price and rent for apartments in this area is Rs.1796/sqft and Rs. 10/sqft respectively. The price for residential plots, on an average is Rs. 1151/sqft.
My life is thriving in balance with purpose- Is yours? Do you find yourself fighting to stay motivated- putting things off- wasting time- lost without a purpose? If you said yes to any of these, there is still hope.
How would you like to be that person that is always motivated- always getting things done- always enjoying life- always fulfilled? If so, here are some time tested principals that, if you apply them, will take you to that next level-
Motivation vs. Inspiration
Many people believe that motivation is the “engine” that drives you to success. Most seeking motivation attend seminars to hear others as they share success stories and strategies. These events cause us to feel good and challenge us to get moving. However, when you face the real world, it seems to just burn out on the extra mile- Have you ever felt that way too?
That is because “motivation” as Napoleon Hill says “is like fuel to a vehicle.” So what exactly is the “engine” that drives you to success? If motivation is just an external portion that helps build momentum, where does the power lie? Now inspiration, on the other hand, is internal and comes from realizing your purpose- The problem with most people is that their purpose is unclear and much smaller than was intended.
The reason why many lose motivation and quit before ever reaching the next level is because their purpose is smaller than themselves. However, what would happen if your purpose was bigger than you? I’m glad you asked-
Imagine you want to build a home, and just the thought of all the work makes you lose your motivation, but as you begin to think of the fact that in this “home” you will live with your spouse, raise your children, and have your grandchildren visit. You are now inspired and compelled to fulfill the vision of building your “home” no matter what the cost- Don’t you deserve a life of inspiration?
Define your purpose
“Why?” is the first question you must ask yourself personally and in business. If your “home” wanted to discover why it was built who would it ask, the neighbor, the mail man, or its builder? I think you get the picture. So visualize your purpose by writing it down. Once your “Why” is bigger than your “How” you will get inspired and the “How’s” will automatically aligning themselves.
You can’t fight what you don’t know exists. Answer this question, “What is holding me back from fulfilling my purpose?” The most popular answer is fear. Whatever your answer may be realize that you must conquer your obstacles or they will conquer you. If while building your “home” you find there are problems with the foundation you must do what it takes to strengthen what holds it all together. When you get weary, don’t worry its normal. Remember the foundation is the reason “why” you are paying the price. Break free!
Assemble your Power Team
As you press toward the next level you will find that you can’t do it on your own. Take the time to pick the right people that will empower you to keep moving forward in your journey. For example, a few things you might need to build your “home” are a developer, an architect and a construction crew. What kind of team do you need to build your vision? A team that balances out all your weaknesses- So when you run across problems that seem impossible seek answers from those who have them.
Grow in balance
True success can be measured by how balanced your life is. Balance can be like the fence that protects your “home.” It is vital to grow in every area of your life to experience the type of fulfillment that comes to those who grow in discipline- So decide to live balanced today and reap the benefits.
Enjoy the journey
When you are taking action, every day takes you one step closer to fulfilling your purpose. Just like you would get exited about your “home” taking shape with each new day, so too should you enjoy traveling your path to success. So get exited!!! Every day you are one step closer to fulfilling your vision.
REMEMBER-Though your “home” that took so much work is very valuable, nothing compares to the lives shaped by it. So empower others to do the same by passing on these tools that enabled you to build your own. Rick Melero and the Board of Advisors of America’s #1 Real Estate Network have completed 100s of real estate transactions with over $100M completed. Invest with the group and learn more about HIS Network’s real estate buying group
There are many options available in terms of which type of home your can purchase. It can be an existing house or a completely new construction and the choice depends upon your personal preferences. Let us look at some of the pros and cons of buying both types of houses.
New Construction House
If you are not purchasing a lot and afterwards constructing a custom-built home then you will have to purchase one constructed in developments having unified style. Generally these developments have few hundred similar homes and you will have to select one from them.
They have contemporary styles, are constructed as per latest standards as well as codes, are energy-efficient and usually more expensive. We will now go through some of the pros and cons of such new constructions.
1) Less maintenance since new appliances would require fewer repairs.
2) These have better energy-efficient constructions.
3) Ideal for those who like contemporary style of construction.
4) Presence on homeowners association which assists in protecting resale value.
5) All have consistent layout as well as common areas which help in building cohesive neighborhood.
1) Many people will not appreciate the cookie cutter constructions and homogenous designs.
2) Presence of homeowners association can restrict how you are allowed to utilize the property.
3) No room for price negotiations.
a. Before making the purchase you will have to check track record of builder. You should get information on other projects company has worked on and whether those were finished on time.
b. In case some of the development work has been completed and people have started living then ask those people about their homes and whether they are satisfied with the amenities they are getting.
c. Most builders have on-site agents and usually they are working for the builder. Thus you need to bring in your own agent who will have your interest in mind.
It is a known fact that many buyers prefer to purchase existing homes instead of new constructions. These houses are generally less expensive but can be full of surprises like for example, the seemingly beautiful large windows in country farmhouse can be really drafty during winter. Let us now check out some of the pros as well as cons.
a) You have more style and variety to select from.
b) It is possible to negotiate on price.
c) Any known issues are notified in the disclosure document.
a) Since they are old maintenance cost will be high.
b) Older construction would mean they are not so energy-efficient as new builds.
c) Older appliances could increase your replacement cost.
1. Before buying such a house make sure you get the house inspected so that problems like crack in the foundation can be traced early.
2. In case fixable flaws are found during the inspection then ask the seller to reduce the price or fix the problems.
Thus as we can see there are many advantages as well as disadvantages of purchasing new construction houses or existing homes and choice will largely depend upon your preferences.
Ezheights is among leading real estate firms assisting people buy apartment in business bay. They have professional real estate agents who can help you in finding the right house, be it a new construction or a resale home.
Banks may not be lending but rent to own homes are booming! Rent to own homes are becoming pretty commonplace, owner financing also known as seller financing is a real estate financing technique where the buyer borrows from the seller as opposed to, or in addition to a bank.
Rent to own homes are becoming a typical way to sell a property due to the fact that it is problematic to sell properties in this economic crisis. Most of these rent to own homes are fsbo, for sale by owner. Frequently, finding a real estate agent who is willing to work with rent to own homes can be difficult for buyers and sellers. Occasionally, finding rent to own homes can be kind of hard to do.
There are various ways in which rent to own homes can come about. Generally, rent to own homes are seller financed by landlords or investors that seek to enhance their financial return by offering purchase choices to their tenants in exchange for a reasonable deposit and a rental rate premium. The majority of sellers of rent to own homes are considerably reasonable when it comes to the down payment. Sellers of rent to own homes will expect you to have bumpy credit and will know how to help. Usually, these owners with rent to own homes can compete and make the best home and terms available for you. Frequently, rent to own homes are in marvelous condition, most homes are less than 5-10 years old and at bare minimum have just been renovated. Any way you look at it, rent to own homes are an immediate answer and an intelligent alternative to traditional loans.
Due to the significant initial down payment and lease payment premium that are unique to lease option contracts, rent to own homes can be considerably risky. Common lease periods for this arrangement are three years long, though longer or shorter leases for rent to own homes are not altogether unheard of. Really, rent to own homes will allow you to finally begin earning equity in a home now. Again, if you are interested in a rent to own program then you can expect to put 5-10% of the loan amount down or if are interested in buying residential real estate properties that are selling below market value then leasing or doing rent to own with tenant buyers then rent to own is for you.
Rent to own homes can be a wonderful way to buy or sell a house in the current economic environment. Rent to own homes are a certain way to increase the financial stability of a person, and help him repair his credit. Rent to own homes are long-term rental agreement that can allow a person to buy a home with minimal financial stress. Rent to own homes are a great way for people to give home ownership a shot without actually having to get a loan. The negotiation routine of rent to own homes will be different from normal home bargaining.
Rent to own homes can potentially be a great or poor deal, depending on the contract obtained at the very beginning of the agreement. Rent to own homes can help the seller still acquire some income from the home when otherwise it may be a constant drain on the seller’s finances. Rent to own homes are a trial run for the tenant as they learn the responsibilities that come with the house. Individuals living in the rent to own homes will be expected to take care of the lawn as if it is their own and pay utilities. Rent to own homes are also a good way for you to build equity before you even own the home.
Rent to own homes can be found advertised online, in newspapers, or on street signs. Besides that, rent to own homes are available in almost any neighborhood or subdivision across the United States, but there could be a hidden risk to your arrangement, and the money you put up for a down payment. Commonly, rent to own homes can also be the perfect solution for those who have gone through bankruptcy, divorce or any other types of financial hardships that may prohibit them from meeting stringent requirements put fourth by banks and other lenders. Rent to own homes can essentially help you get into a house without having to go through all the hassles that are regularly involved.
Finance can be defined as the branch of economics dealing with the management of money and other assets. The management of credit and banking and the commercial activities of providing funds and capital for investment also fall under the umbrella of finance.
The Effective Management of Assets
Finance is the pivotal feature of any business organization which has the utmost responsibility of raising funds for its corporation with practicing a stable balance between risk and profitability. Real Estate Finance can be defined as a branch of economics which deals with investing money or wealth acquisition in real estate. It is the allocation, generation, and use of monetary resources over time which is invested in the real estate business. Like any other aspect of finance, real estate finance also has risks associated with it –the effective management of assets, which will maintain or increase in value over time, will eventually result to a good investment yield of the project.
The Difference between Real Property and Personal Property
Real estate investment essentially means investing in immovable properties such as land and everything attached to it such as buildings, also known as properties. The difference between a real and personal property (called chattels) is the right for the transfer of title to the property in question in real property whereas the right to personal property or ownership to personal properties cannot be transferred.
Real Estate Can Be Used to Secure a Loan
Real estate investment can be viewed as a handsome business opportunity as real estate can be pledged as collateral to secure a loan for a business venture, to offset otherwise taxable income through cash savings on tax-deductible interest rate losses or rental income can also be derived from a real estate property. A common example of real estate financing occurs whenan individual owning multiple pieces of real estate and use one as his primary residence while others can be rented out. Profits, known as capital gains from real estate financing, can be reaped from real estate financing as a result of appreciation of real estate property prices .
Real estate financing is long term in nature and investment professionals have always maintained that at least 15%-20% of one”s investment portfolio should be devoted to real estate. Real estate financing can either be on residential or commercial properties, which have different tax implications. Real estate investment and financing decisions are inextricably linked and equity investors or borrowers treat real estate investment as much as a financing decision. The most recent development in the field of real estate finance has been the rise of real estate mortgaging business. A mortgage is defined as the conditional pledge of one”s property for the repayment of a debt obligation or a loan. The borrower is called the mortgagor and the lender, the mortgagee.
Another feature associated with real estate financing is the Real Estate Investment Trust (REIT). A real estate investment trust is a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REIT”s are required to distribute a majority of their taxable income to their shareholders. This proportion is fixed at 90% for the USA and 90% in case of the UK. India is yet to pass legislation on REIT”s and only a handful of Asian economies such as Japan, Malaysia and Singapore have REIT”s in place. REIT”s can be both privately and publicly held (they are listed in public stock exchanges).
On the off chance that you are taking a gander at obtaining another house, then you ought to consider a few areas. You ought to consider the style, size, neighborhood, and expense of the homes open to be obtained where you are looking. These are the standard zones that you would need to consider when searching for the right house.
The style of a house is something that everybody contemplates paying little regard to the probability that they don’t understand it. You may not appreciate that you think of it as being a pro home or a cape cod however actually everybody most likely has an inclination for a without question style of home. Two or three styles may be more immediately open than others, so it may take some work to discover certain styles. Another thought with the style will be paying little regard to whether you have any relatives with uncommon needs. Expecting this is the situation then you may chase down houses that basically have one key floor.
Real estate agents in Staten island available to be purchased in Staten Island accessible to be bought is another thought in the event that you are taking a gander at homes open to be acquired. In the event that you have a family, then you may require a without question measure of space to oblige your entire gathering. You might require an additional space for visitors or even a whole space territory for them. You might require a ton of storage room, so you may have a full storm cellar given to generally stockpiling.
The district is something else that you have to consider on the off chance that you are taking a gander at homes open to be gained. All your real estate needs in Staten Island rely on upon your elucidation behind having a house where you require it. In the event that you are single and work downtown, then you may search for a space close work. You have young people, and a while later you may require a home near the school and in an ensured neighbourhood. In the event that you are surrendered, then you may pick a to a great degree ventures land in Staten Island arrangements and dispossession that would be absurdly over the top for a vigorous group.
Expense is another thing to inspect as you take a gander at Multi-family homes available to be Townhouses for sale in Staten Island postings open to be purchased. You should take a gander at your cash related course of action to pick on the off chance that you can deal with the cost of the home development on the home that you may need for yourself and/or for your gathering. In the wake of taking a gander at two or three locales, you will ideally observe the homes open to be gotten that will address the issues that you have for you and your gathering. It will take some examination; in any case you ought to be able to get a large portion of the data that you require on the off chance that you work at it.