The Case For UK Land

Category: Finance, Real Estate.

When looking at investments for long- term capital growth potential, investments in UK land have returned stunning rates of growth coupled with low risk.

An Attractive Alternative Investment. Overall prices( farmland) have increased by up to 30% in the last 12 months and 130% since the early 1990s with an average 920% growth in the last 20 years. When looking at investments for long- term capital growth most investors consider mutual funds, stocks, investment trusts, equities, and hedge funds. This makes land a solid investment for the conservative risk conscious investor. However, the fact is that land has shown better average growth with less downside volatility. Once the preserve of large institutional investors, this exciting market is now open to smaller investors.

When looking at investments for long- term capital growth potential, we need to look at the supply and demand equation. Why Land Has Such Great Potential. Land has all the ingredients for demand to exceed supply and see land prices climb higher in the coming years. When looking at investments for long- term capital growth potential, it is clear that of all the countries in the world to invest in land, the UK is one of the most attractive for the following reasons: Rapid Population Growth- The population of the UK in 1981 was 52 million. The Case for UK Land. In 2001, the population had increased by about 6 million to 58 million inhabitants. This constitutes over 60% of the annual population growth.

Immigration- In terms of immigration, there is the granting of entry to the UK, 000 people per, of over 170 year. Therefore, at current rates of growth the UK can expect to see at least an additional 4 million inhabitants within the next 20 years. In 1980 and there were approximately 148, 500 divorces throughout the UK In 2000 this figure climbed to nearly 200, an increase of, 000 over 30% . Social Trends- There is also a rising divorce rate in the UK. Furthermore, more people are staying single by choice and getting married later in life. Essentially, this means that there is a need for massive scale housing development in the UK at present and for the near future. A recent treasury report stated that: In the next 17 years, with the rising population and increased lack of affordable housing, the UK will need another 5 million homes with 300, 000 required in and around London alone.

This will see land remain one of the most attractive investments for long term capital growth. The building of much of this housing is to be on brown field sites, this land is, or redeveloped areas in short supply and is expensive to purchase and develop. The Demand for UK Land. The priority to build new housing will necessitate the reclassification and development of green belt land throughout Britain. Land banking simply involves the acquisition of land, which does not enjoy planning consent, in advance of expanding urbanization. Land Banking- The Key to Long Term Capital Growth. When urban expansion occurs the land rises in value with the granting of planning consent.

With the granting of planning permission, a significant capital gain is possible. The way to make big capital gains in land banking involves buying land in specific areas, in the hope of future development. Land Investments for Long Term Capital Growth. Good past performance with low risk and the prospect of good future capital growth, makes investing in land for longer term growth an attractive option for all investors.

These Have Recently Become Some Of The Top Homes For Sale In Houston

Category: Finance, Real Estate.

If you re in the market for a new home in Houston, you ll find plentiful opportunities for affordable urban and rural properties, and new condominium, family communities and townhouse developments. Some of the top homes for sale in Houston are surrounded by lush groves of trees and forest- like surroundings.

With it s lush greenery that surrounds suburbs, hot real estate market and affordable housing prices, Houston is definitely one of the best new places to live in the USA. Houston is unique in the sense that rather than bulldoze through greenery to make way for new developments, builders constructed houses within these green areas and left much of the natural environment intact. An average single family home in Houston is around$ 206, 00 A lot of historical buildings in downtown Houston have been converted into modern, stylish lofts. Areas like Houston Heights, Third Ward and Denver Harbor boast a mix of historical homes and new developments for families. These have recently become some of the top homes for sale in Houston. Midtown, which is just south of the downtown core of Houston, is now central in the real estate market, as it has been revamped and redone with mostly brand new apartment complexes and contemporary lofts.

City living offers some great entertainment options: Minute Maid Park for baseball games, an impressive theater district, and some top notch restaurants and shops. Although Midtown is largely populated with singles and couples, there are some town homes that appeal to families as they re more private and spacious. While shopping for a new home in Houston, it s common to hear about master- planned communities. Since there are always new apartments and condominiums coming onto the real estate market, it is easy to find a great space in Houston. Although this concept has been around since the 60 s, master- planned communities have continued to be one of the top choices for families. Copperfield and League City feature a collection of many of the top homes for sale in Houston, along with one of the most popular master- planned communities in the state: The Woodlands.

Due to their amenities like beautiful parks, and golf courses, pools, these contained communities offer modern conveniences to homeowners, who are in close proximity to schools and community centers that offer a variety of activities. This development is completely private, as it s located in the middle of a forest, and boasts everything from churches to an arts pavilion, to a one million square foot shopping mall. For families with children, Houston has some of the best schools in Texas. Surprisingly, homes start at just$ 100, 000 for a home in The Woodlands. Many of these public school districts have received awards from the state for their excellent educational programs. Rice University, near the communities in West University Place, has a number of professional training and accreditation programs for students.

If you are looking for a private school, there are hundreds in the area. Many of the top homes for sale in Houston are popular because of their location to one of the numerous educational institutions in this part of Texas. Since Houston features a wide range of home prices, many families are able to buy. Rental apartments or homes are yet another option for students, single people or families. Renting a home is equally affordable: a four- bedroom home in a newer development in Harris Country or Copperfield is, about, on average$ 1300 per month. Duplexes and fourplexes in Houston are scarce, and not nearly as popular as stand- alone home rentals.

A modern apartment or condominium starts at around just$ 500 per month. Many real estate agents in other cities and states are wondering why Houston continues to have such a thriving real estate market that doesn t fit with the national norm. In fact, other parts of the Midwest have some of the most dismal housing sales records for the past few years. In many parts of the USA, housing prices have skyrocketed or purchases have dropped dramatically. Even for a top home for sale in Houston, the price is still well under the national average. Houston is now one of the top locations for real estate investments, families who want a larger home at a reasonable price, and busy city dwellers who can enjoy the fantastic entertainment, dining and shopping that this Texas city has to offer.

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Welcome To DeLand - Vanessa Angelini about Finance and Real Estate:

Are you searching for a great community in which to build your new Florida home? Also known as" The Athens of Florida" , Deland combines Old Southern charm with progressive city planning in a welcoming Central Florida community of 60, 000 residents.

But It Is Also Not Uncommon For The Buyer And Seller To Split This Fee - Finance and Real Estate:

Every real estate transaction involves numerous fees and can be very confusing to both buyers and sellers.

Jardin Exotique Is The Highest Area In Monaco, And Most Apartments Enjoy Good Mediterranean Views

Category: Finance, Real Estate.

While much of Europe could be on the edge of a property price recession, Monaco it seems knows no limits for her prices. The studio is just 43m2 in size with a 15m2 terrace, and located in Jardin Exotique, an area of Monaco that becomes behind better known Monte Carlo and Fontvieille in popularity for potential Monaco property buyers.

Prices have risen consistently in recent years, to the point where it overtook London early in 2007 to become the most expensive location in the world for real estate, with London overtaking Monaco again recently. Monte Carlo has traditionally been the first area most people ask for as it is so well known, which has its, while Fontvieille own harbour and hosts the annual Monaco Yacht Show is popular among business people as the heliport is based there. Monaco is due to invest heavily in Jardin Exotique s infrastructure in the near future, making property there attractive to investors looking for property appreciation. Jardin Exotique is the highest area in Monaco, and most apartments enjoy good Mediterranean views. Overall, it is possible that Monaco property prices could overtake London again in the coming months. With property prices in Monaco the second highest in Europe and one bedroom apartments after closing costs starting at around a million Euros, longer term the shortage of property in Monaco will be helped a new island being built off Monte Carlo. Monaco property prices are almost certain to rise in the short and medium term according to a Monaco travel guide, and possibly to the level where the cost per square foot will exceed that of London. Three years ago there were around six hundred properties to rent or buy in Monaco- that has declined since then to two hundred- but demand is as high as ever, pushing prices up more. , explain the travel guide.

It s thought unlikely that the new island will reduce prices much overall though, despite the increase in the number of property units available as Monaco property is always in demand. Hopefully the new island will address that. Monaco property specialists believe that most new apartments will be sold to investors off plan well in advance of any building work starting. The problem with property in Monaco is not the lack of buyers , they say, but more the lack of good properties for buyers to choose from. Everyone in Monaco is aware of how important the environment is thanks to Prince Albert s initiatives in pushing it up the political agenda, and any new developments will be low rise. It is possible that the new island will be incorporated into future Monaco Grand Prix, which could give more overtaking opportunities. With the good weather in Monaco expect to see plenty of solar panels on the roofs to make the buildings energy efficient . One Monaco property company reports that new enquiries are running at a high rate, with many buyers keen to buy now in case prices go up more, or more commonly, either for residency than before for investment.

In recent years the UK market has accounted for much of Monaco s property price rises, as the number of buyers has increased to 40 per cent of the total market, but in recent months buyers from other European countries and from further afield, Australia and Canada in particular have been noticeable.

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You Don T Need To Be A Resident Of Mexico To Own A Home In Mexico - Finance and Real Estate Articles:

For years, Americans have entertained the idea of retiring in Mexico.

You Ll Find A Home That You Love In Yuma - Elena Vantassel about Finance and Real Estate:

Look through the real estate listing service for Yuma and you ll find some incredible homes for sale. Whether you are purchasing your first home or buying a home for retirement, there s nothing quite as exciting as looking for your new home.

Do They Offer A Home Warranty - Finance and Real Estate:

There are several benefits to purchasing a pre- construction home.

Landlords Saw Room For Upward Price And Rental Adjustments In All Industrial Sectors

Category: Finance, Real Estate.

In the first quarter of 2007 institutional investors continued to show strong interest in the acquisition of logistics facilities, with high levels of investment activity in Japan and China. In Japan, investor interest in distribution facilities continued to grow during the first quarter of 2007, with domestic and international investors both active in the sector.

Demand for industrial property or land remained buoyant in most Asian cities on the back of robust economies and sustained growth in the manufacturing sector. Mitsui Soko and recent entrant Mapletree Logistics Trust were among those making purchases. The quarter saw domestic logistics leasing and asset management firm J- REP announce plans to construct five distribution facilities over the next 12 months. At the same time, ProLogis and AMB remained among the most prolific developers of large, high- specification logistics facilities. Singapore saw increases in both rents and capital values of industrial property during the first quarter, with further appreciation expected. Landlords saw room for upward price and rental adjustments in all industrial sectors.

Developers displayed robust interest in the sector, purchasing four industrial development sites during the quarter at unit prices above those recorded in 200Though high- tech space continued to lead the sector, average factory rents rose after remaining unchanged throughout 2006 and the average rent for warehouse space increased for the first time since 200 In Hong Kong, demand for industrial space remained strong thanks to robust re- export activities and investors optimism about the local economy. However, completion of a number of upcoming office developments in East Kowloon will exert downward pressure on rents and prices in the industrial/ office( I/ O) sector. Industrial land prices in China appreciated further following the Central Government s introduction of minimum land prices and open market mechanisms for primary sales of industrial land in late 200The average price of Shanghai industrial land rose 2% q- o- q to RMB 874 psm( RMB 87 psf) , while the average rent of industrial facilities increased 5% q- o- q to RMB 35 psm( RMB 6 psf) per month. Investment activity was extremely brisk, with HK$ 5 billion in en bloc and site transactions recorded during the quarter. Three industrial land parcels in Shanghai were transferred by means of public listing for the first time under the new regime. The rise in land prices has not dampened industrialists enthusiasm about the Pearl River Delta, and the industrial market saw brisk investment and leasing activity.

The price of industrial land in Guangzhou similarly surged after the implementation of the new policies. In Beijing, logistics has emerged as the hot spot in industrial property investment, with a number of international logistics property developers and investors including AMB, ProLogis and Mapletree actively seeking suitable investment opportunities. Chengdu s industrial sector continued its rapid expansion in the first quarter of 200The first two months of the year saw 168 enterprises commit to entering Concentrated Manufacturing Industries Planned Areas. Investors have focused on mature industrial areas, including Shunyi Tianzhu in northwestern Beijing and Tongzhou Majuqiao in the southeastern city. In March, PetroChina announced that it would invest RMB 38 billion in an oil refinery and ethylene plant in Pengzhou, Chengdu. A number of MNCs are expanding their operations in the Philippines, with companies in the manufacturing and IT services sectors being the chief demand drivers.

The mega- project is expected to stimulate industrial property development throughout the Pengzhou area. Occupiers in a number of industrial zones are expected to be awarded a number of tax perks following new legislation. On the back of Hanoi s strong export and buoyant economic growth, the majority of the city s major industrial parks remained fully occupied, as demand has persisted in tandem with the growth in foreign investment. In Vietnam, the value of Ho Chi Minh City s industrial output continued to grow rapidly, registering a 12% q- o- q increase in the first quarter of 2007, although the rate of growth was lower than that recorded in 200The quarter saw the announcement of additional large- scale industrial projects, many involving investments by MNCs. In Thailand, recent events including the implementation of capital control measures and more stringent rules limiting foreign ownership of Thai companies continued to impact on sentiment in the industrial property market, leading to a drop in sales of serviced industrial land plots. However, the signing of a Thai- Japan free trade agreement in April 2007 provided some positive news to the market.

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Buying A Prefab Home - Finance and Real Estate Blog:

If you re in the market to build a home, you should consider buying a prefabricated home package. What are Prefabricated Home Packages?

The Life On The North Shore Of New Orleans Definitely Comes With A Lot Of Extras - Finance and Real Estate:

One of the most basic human needs is a shelter. Buying a home is a major decision in anyone s life, emotionally as well as financially.

Compare The Pros And Cons To Choosing Properties From The Above Named Locations Or Even From Michie, TN Real Estate Listings - Vanessa Pecina's Finance and Real Estate blog:

Finding the best location to accommodate your prospective move can be challenging if you are not familiar with the surrounding areas you are considering, or if you are unable to sufficiently know about them.

Direct Response Advertising

Category: Finance, Real Estate.

Most real estate agents are not marketing experts. In fact many agents don t know anything about marketing and so they just do things as they have always been done.

They did not get into real estate on their way to a lucrative marketing career. And the way it has always been done in real estate is with image advertising. It is an obvious fact that can be found by simply looking around your own neighborhood and in your own mailbox. This is not news. One of the major aspects of image advertising employed by real estate agents is the large color photo of themselves. I know this will sound harsh to many of you that are currently using this kind of advertising, but I am not sure how my real estate agent being photogenic will help them sell my home. When I see these kinds of ads and signs, with the agent s picture being the most prominent thing in them, I wonder why I should care what they look like.

I consider myself to be an average consumer. I don t see any benefit to me in these ads. And as such, for me to pick up the phone and call the phone number off of any advertising, I need to see the benefit to me. So if image advertising is not the way to go, what is? With a direct response ad you give people a reason to pick up the phone and call you. Direct response advertising.

You can compel people to dial into a call capture hotline with any number of benefits to them. People are much more likely to call an agent that is offering them a free report on" 10 Tips To Selling Your Home Fast" than they are an agent that is only offering them a nice smile. The key is that you offer them something of value such as a coupon, or a free, a free report home evaluation. The other important thing that you can do in a direct response ad is set yourself apart from the competition. If you look at the ads that are usually running in the phone book, they all look the same. This kind of marketing is perfect for yellow pages ads.

What is going to compel someone to choose you over all the other agents in there? However, if you have a direct response ad that immediately grabs their attention and tells the consumer what you are going to offer them( a FREE report for example) and how to get it( by calling your 24/ 7 toll free call capture hotline) you set yourself apart from all the other agents in the book. If you use the standard image advertising approach, there is nothing there to get the consumer to pick up the phone and call you. Direct response advertising also has one more major advantage over image advertising. Image advertising has its place and that is in businesses that have the time and resources that are necessary to have people recognize their name or logo on sight. You can t track image advertising.

Real estate agents usually do not fall into that category. They need to know if the ads they are using are working now, what their return on investment is, and what ads need to be scrapped. They are working with tighter budgets and shorter timelines. This can all be accomplished with direct response advertising. This allows real estate agents to really see what is working for them and what is not. Direct response advertising, has a call, when done correctly to action built in that when acted on, can be tracked using call capture technology.

Most real estate agents are not marketing gurus. So it is understandable that most agents just do things the way they have always been done when it comes to advertising. When they got their real estate license it did not come with a degree in marketing. Unfortunately, that is image advertising. If you want to compel people to call you, stand out from your competition and be able to track your results from your advertising efforts, direct response marketing is the way to go.

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Head Of Dubai Real Estate Company, Ajman Investment And Dubai Real Estate - Marylou Czaja's Finance and Real Estate blog:

The project will fill has been left with the development of so many super Dubai Luxury Apartments.

So Will Another Interest Rate Cut Be Enough To Bring Back The Mortally Wounded Housing Market Back From The Brink Of Death - Finance and Real Estate:

As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 2This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully in the troubled housing market. This collapse triggered a recession, which took three years to completely stabilize.

Buying A Holiday Home At The Time Seemed Like A Good Idea - Finance and Real Estate:

Buying a holiday home at the time seemed like a good idea. We spent several months on the internet researching the market and narrowing down which part of the world we wanted our dream holiday home in.

How Do I Find An Orlando New Home Buyers Rebate

Category: Finance, Real Estate.

When it comes to choosing a new home, many people find that they are upset that they simply cannot afford exactly what they are looking for.

But in the end they cannot get the finance that they need in order to go through with it. On some occasions, people find that they are only a fraction off of being able to afford that dream home. Now, thanks to new home buyers rebate in the Orlando area, many people are finding that they are able to buy the home of their dreams for a couple of percentage points less than they had previously bargained for. The reason for this is that, when someone is selling a home that they currently live in they simply do not have the profit margins that builders have when building a new home for the first time. When it comes to buying a new home, the profit margins for real estate agents and building companies can be huge. So where does that money go?

What does this mean? It usually goes into the pockets of real estate agents and builders, however now some innovative real estate agents have managed to change that by offering new home buyers rebates. It means that rather than keeping all the money that they make, as a commission from the builder, they are now giving it back to the people who are helping them to make money from the builder in the first place- their customers. As you can imagine, this can be very lucrative considering the value of a home. In the Orlando area, a real estate agent can make around 3% off of the value of a home each time they manage to sell one. However, some real estate agents have decided that they are going to start offering people money off, as long as they buy the property through them.

If you are buying a new home, and you are not taking advantage of a rebate then the chances are that you are missing out. Then, when the real estate agency gets their commission, they give around 2/ 3 of it back to their customers. Because rebates are becoming so lucrative, many analysts are worried that the value of property will start to plummet until building companies do something about what is going on. How do I find an Orlando new home buyers rebate? That is why the time to act is now- you are guaranteed to save 2% off the value of your home, and property prices are never going to fall as much as that as soon as builders tighten up their commission to sort out the behaviour that is being caused by market forces. You can find one in a variety of ways.

Another means to get a rebate, is to phone around real estate agents in the Orlando area and see who offers rebates- remember, some offer different amounts as a rebate, so make sure that you find the best one. One way is to firstly find a home that you would like to buy, and then try and find a real estate agent who is willing to offer you a rebate on it.

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Does A House Appreciate Faster Than A Condo - Kathleen Guglielmi about Finance and Real Estate:

When you are looking at buying a residence, one of your considerations is whether to buy a home or a condo.

The Moment You Decide To Look For Bars For Sale In Spain Is The Moment Trouble Starts - Finance and Real Estate Articles:

As people are beginning to look for jobs that really make them happy rather then just make money, there is an increase in the number of people considering buying Spanish bars.

They Have Stated That Those Who Are Already In Danger Of Default Will Be Given No Assistance, As Well As Those Who Can Afford To Pay Their Mortages At The Increased Rates - Finance and Real Estate Articles:

The White House has recently unveiled a plan to help mitigate the wave of foreclosures that have recently swept the US as reports continue to predict that an even greater number( some estimate as much as 2 million) of Americans are likely to default within the next year.

Contracts Usually Provide A Title Review Period For The Buyer

Category: Finance, Real Estate.

A real estate sale is usually initiated by an offer from the buyer to the seller, written on a real estate contract form, and backed by a monetary deposit.

While the forms vary by locality, the essential terms include the offer amount, names of the, legal description parties, and date of closing. If the seller accepts the offer, the buyer and the seller are bound by a legally binding contract. In addition to these terms, the contract interweaves numerous contingencies, and procedures that, disclosures of information dictate responsibilities of buyer and seller. It is very important to understand its terms and follow them carefully. The contract is the road map that takes you all the way through to closing. If it becomes necessary to terminate the contract, your close adherence to contract terms and procedures is critical.

Your contract may contain a provision that the buyer must be approved for a specific mortgage loan and interest rate. Loan Contingency. If the mortgage cannot be obtained within the prescribed time, the buyer may terminate the contract and receive a refund of deposit. Termination based on credit disapproval is likely to cause anger and disappointment on the part of the seller. If it becomes necessary to terminate under this contingency, you should be prepared to document that you took prompt action to obtain the loan, received a written rejection, and gave notice to the seller within the time limit set by the contract. The seller may feel that he has been misled into signing a contract with an unqualified buyer.

Title and Survey Review. When anger and strong emotions enter into the transaction they may lead to difficulty in resolving the termination. Contracts usually provide a title review period for the buyer. If title defects cannot be cured, you have the right to terminate. The buyer may object in writing to defects noted in the title documents. In the same vein, the buyer usually has the right to review a survey of the property. It is worthwhile to promptly consult an attorney if you have some concerns about the title documents or survey.

If construction is found to overlap building lines, or if there are encroachments on the property, you may choose to terminate your contract. Your objection to title or survey problems must be made in writing within the time frame allowed by the contract. In Texas, sellers( with some exceptions) are required by law to provide a seller s disclosure notice to the buyer. Review of Seller s Disclosure. On this form, the seller answers questions and provides information about the property. The receipt date of the disclosure should be documented in order to establish the start date of the review period. If the buyer receives the form after the contract has been created, he may terminate the contract within a certain number of days after receiving the seller s disclosure.

Be careful to avoid confusion about when a time period starts running. In areas where there is a mandatory homeowners association, the Texas contract allows the buyer a period of time to review Subdivision Information. Mandatory HOA Review. This information is normally supplied by the HOA manager after the contract is created. Again, the termination notice must be given within the time limits in the contract. After receipt, the buyer has the right to review the documents, and possibly terminate the contract.

Inspection Contingency. In some areas, the buyer may terminate if repairs exceed a pre- agreed dollar amount, and seller declines to make the additional repairs. Contract procedures to allow the buyer to conduct inspections of the property vary from region to region. In Texas, the buyer is allowed an" option period, " during which time he has the unrestricted right to terminate the contract. Inspection issues are the most common reason for contract termination. Inspections are done within the option period. During the inspection period, there is usually some re- negotiation of the price or terms in order to resolve repair issues that have been brought up by inspections.

Contingency for Sale of Other Property. It is crucial to get inspections done, and negotiate contract, deliver repair requests amendments, or, if necessary, all within the, terminate the contract time guidelines set by the contract. In some cases the buyer may have a contingency for the sale of a certain property, usually the buyer s current home. As with other termination procedures, giving notice to the seller within the required time is critical. If this property does not close by a certain date, the buyer may have to terminate. By allowing this type of contingency the seller has accepted the risk that the contract may not close.

Federal law requires that sellers of homes built prior to 1978 notify the buyer of any knowledge or inspections that they may have regarding lead paint. Lead Paint Contingency. The buyers are allowed a period of time to review materials and conduct their own inspections. Finalizing Termination. If lead paint is found, the buyer may terminate the contract within the prescribed time frame. We have touched on the most common termination clauses in standard real estate contracts in Texas.

In addition, there may be ways to terminate your particular contract, other than through contingency clauses. Contracts used in other states, or provided by builders for new homes, or written by an attorney for a particular transaction will vary greatly in the contingencies and terminations clauses included. The important thing to remember is that the contract of sale is of primary importance to the real estate transaction. If you fail to follow the terms, most contracts state that you have waived the right to terminate. If you follow the terms of the contract and act within time limits, you may exercise the termination rights that the contract contains. After you have given the seller notice of termination, two closely related steps must follow: The parties must formally terminate the contract, and the earnest money deposit must be released. In Texas we have an" earnest money release" form that handles both steps- it releases the parties from further obligations under the contract, and instructs the escrow company to give the deposit to one party or the other.

If the buyer and seller agree to the termination, their agreement is usually formalized by signing a termination form. It is usually in the best interest of all parties to resolve the earnest money and contract termination issues as soon as possible. In most cases, it is in the seller s best interest to have formal termination of the contract, freeing him to put the property back on the market. If the buyer and seller cannot agree that the contract is terminated, the matter could lead to prolonged negotiation and possibly, litigation. However, even when it, occasionally is clear that the buyer has followed contract procedures, the seller may prolong the formal termination process. Buyer and seller may have conflicting points of view of the issue. The seller may want to receive compensation from the buyer for the delay in selling the property.

The non- settlement of termination issues can result in additional time and money, and cause unwanted stress. However, buyers must not take for granted that all will go as expected. Most buyers do not enter a real estate contract with the intention of terminating. If a contingency date lapses, you will lose the benefit and protection of the contingency. Disclaimer: This article is provided as a service to the public. A good Realtor, in addition to helping you find the property, can be invaluable in helping you to meet your obligations under the contract and, exercise your right, if necessary to terminate.

Nothing in this article is intended to serve as legal advice, or as a substitute for legal advice tailored to your specific situation and jurisdiction. If you have a question about an issue discussed in this article, you should consult an attorney directly.

Phoenix Real Estate Is A Great Mix Of The Old And The New

Category: Finance, Real Estate.

Phoenix, Arizona and its surrounding communities is a perfect place to own real estate.

Here are just a few: Over 300 days of sunshine every single year. There are so many amazing things on offer in this special place in the great American Southwest. The friendliest neighbors on earth. Unlimited golf for the casual to the everyday player. Outdoor activities all year round. Shopping for every budget. A casual and laid back lifestyle.

New communities, parks, schools, roads, and homes. Great restaurants for every taste. As you can see from this short list, there s now way you could go wrong if you buy real estate in Phoenix. Entertainment, and historical venues, arts. If you don t want to live in the city itself, there are incredible opportunities in the East Valley area. These communities and more like them have morphed into some of the finest places to live that you ll find in the region. You ll find the new mixed with the old in places like Chandler, Queen Creek, Gilbert, Tempe, and Scottsdale.

Many of them have rural, or mining roots, agricultural, and the city planners aren t forgetting the heritage that put them on the map in the first place. Phoenix real estate is a great mix of the old and the new. By the same token, they have turned them into perfect locations to live, raise a family, work, or retire. As we all know, real estate can be pretty volatile in terms of deciding on the best time to buy or sell. It s safe to say that the Phoenix market is a good choice now and will be for a long time to come. Those of you looking for investment properties have concerns about your money providing you with the best return.

This is one of the fastest growing areas in the country. Wherever there is this kind of growth there are marvelous job and new business opportunities for those in their prime years. Thanks to the diversity of the population, especially where age is concerned, it should remain a strong market. Phoenix and its East Valley are also attracting a lot of people with money to spend. As for homes, mansions and estates are plentiful. That s why the highest end retailers feel safe building and planning to build their upscale shops there.

That doesn t mean there s no place for those with more limited funds. There s still plenty of room and a lot of choices for you in the Phoenix real estate market. The Phoenix area has homes, apartments, condos, and investment real estate for people in any income bracket. So don t waste any more time. We guarantee that you won t be disappointed. Come on down to Arizona and check out Phoenix area real estate. It isn t just some hot desert wasteland. it s a thriving oasis!

The Key Factor That One Has To Remember When They Are Considering Investing In Residential Property Is The Location

Category: Finance, Real Estate.

Many people say that what you know best, you are able to do best, but this is not always the case.

This is because they have had the experience of comparing mortgages and getting a buy to let mortgage is not really much different. Most people that are in the business have an idea of how to evaluate the rental property, which are mainly residential housing properties. Since many home owners have rented houses before, or have bought or sold a des res house before, they generally are good at evaluating real estate. You should not try to get into this business if you are not interested in it. In this case, investing in rental property is a good idea and it proves to be beneficial, but it might not be for everyone. By being enthusiastic about the whole thing you might find that your job is slightly easier. The prices of houses are often too expensive for many couples, but seen as, young or old they have no choice but to find a place to stay in, many of them turn to renting instead.

There are other pressures, such as you may need a buy to let bridging loan if you do not have the finance to complete your transaction. Sometimes you have to save up forever in order to buy a house for you and your partner to stay in and if you are planning on having children in the near future, you will have to think of that too so buying a bachelor flat won' t really help your situation. When it comes to investing in rental property, there are other aspects that need to be taken into consideration before you make the final decision. Renting houses may be one of the soundest regions of investing, especially for the average family. First of all you have to find the correct residential housing in your area or an area that you know is good. After you have that sorted, next is making sure that it is a fair deal for both parties.

The key factor that one has to remember when they are considering investing in residential property is the location. Next is having the correct attitude towards investing in residential property, you have to have the nature to be a good landlord to your tenants. You should also make sure that you have enough funds to pay for the property should there be no tenants for a long period of time. Once you are sure of that, make sure you have sufficient equity to guarantee a superior cash flow. Then lastly, you need to ensure that you have funds for maintenance and any repairs the property might need and the landlord is responsible for. If you are interesting in investing in residential property with a buy to let mortgage or remortgage, you have to understand that you might have tenants that are unable to pay their rent from time to time. This will all depend on the agreement between the landlord( you) and the tenants.

This is not always that case, it happens sometimes and you are going to have to be able to deal with it accordingly. It also depends on what kind of relationship you have with your tenants. You shouldn' t be too hard on them if it only happens once but then again if you are too soft they will think it's alright to do it again. But remember that you have to be strict to a certain extent.

Your First Offer Is Usually Your Best Offer

Category: Finance, Real Estate.

An old rule of thumb in real estate is that your first offer it usually your best offer. Several times I have had clients send stiff counteroffers back to prospective buyers only to never hear from them again.

In my experience this is true more times than not. Then after much more time on the market the buyer ends up accepting an offer for significantly less than was initially proposed. Think about the season, time on market, competition and your price vs. your Realtors recommendation. That first offer may not have been what you were hoping for, but it is a wise seller that considers several factors before responding to that first offer. All of these should be weighed when deciding to accept, reject or counter that first offer. Well that activity declines after the first couple weeks, after that many of the buyers currently looking will have already seen your home. Your first instinct may be to hold out for a better offer, especially if your home has not been on the market that long or if there is a lot of showing activity.

Buyers rush out to see newly listed homes. They have been looking for a while and understand the market. If it is the best they have seen, they may make an offer. They are ready to move on the right home. Compare that initial offer to what your Realtors pricing suggestion was. That offer they make is based off of the other properties they have seen during their search and if you' re the seller, they have seen more of the market than you.

After those first few weeks the only showings you will see are from new buyers on the market. They also don' t have the market familiarity built up and will want to err on the side of caution. They are at the beginning of the search and usually are less motivated to make a quick offer. This will cause offers from them to be lower than a buyer more educated in the market. Realtors and buyers become less interested in seeing or showing your property. The longer your home is on the market the more shop- worn it becomes and the perceived value erodes.

Some will wonder what is wrong with your property that it has not sold. There are also the costs associated with holding your property longer. Even if they find nothing wrong, they will be skeptical and offer less so they don' t lose money if they need to sell. Every month that goes by you have a mortgage payment, taxes and cost, insurance payment of utilities. What this adds up to is you are never in a better position to receive the best price than when your home is fresh on the market. All these costs add up over time will quickly erode a few thousand dollars difference in the price received. Even if that offer is less than you were hoping for you don' t want to be kicking yourself in a few months time for not just taking it.

That rule of thumb it more true than not. You may just wish you had. Your first offer is usually your best offer.