If you are considering investing in brick and mortar and are thinking of buying commercial real estate, there are many points of consideration. Unlike any other investment, putting your money here, can be a tough decision to make.
Commercial real estate investment is all about creating a cash flow generating asset and all your efforts need to be directed towards ascertaining its potential value. It’s no secret that these are times of economic recession and the real estate market has taken a beating. However, if you think optimistically, this is a time of opportunity, as a piece of real estate, which was beyond your reach in boom time, can be bought at a substantially lower price today. Here are the major points of consideration, while purchasing a commercial property. These are certain pertinent questions, which need to be asked, that help you assess the profit potential of a real estate investment and make your choice simpler.
What Kind of Property are You Looking For?
Even before you can start thinking about this investment, you need to have a plan about the revenue generating mechanism or business plan, that is going
The term discount real estate brokers is rapidly becoming the most talked subjects in the real estate market. Home buyers have now chance not to pay high listing commission cost. The new discount offers by real estate agents are making trends that provide low cost living programs. Many new companies are offering these services because flat fee listings are now in high demand. These services come either full or with some limited offers. Many real estate agents advertise their services by publishing that if you hire them for buying a home the company will credit all the commission rates. Typically this money comes from the fee of the seller who pays the broker. The company that chooses to give away part of its income usually does it to attract potential volume for his business.
Discount real estate brokers are available on different broker web sites. You can look up there and avail their services. However, you may want to know why to choose these reduced services. Well, the answer is to save money. Saving money is the main motivation that intends you to
Real estate has always been a good investment option. It is also a much safer option compared to other forms of investment such as the stock market. However, before you invest your hard-earned money, it is necessary that you are aware of the risks and expected returns from the investment. So, this article will give you some pointers on how you can go about beginning your foray into the real estate business.
If you wish to invest in real estate, but have a limited budget, then conduct a thorough market research to know about attractive investment opportunities. By doing a careful study, you will understand which property deal suits you the best and will generate the maximum returns.
Fix Your Budget
First fix the budget for your realty investments. Decide what is your investment capacity first. Before you decide the amount to be invested, take into consideration factors such as your annual income, current liabilities, monthly expenses, etc.
Finalize the Type of Property
There are different kinds of properties you can choose from. Apartments, row houses, independent villas, bungalows, penthouses, offices, shops, residential plots or commercial land are some
When you have extra money, you think of ways to invest it so as to earn more money. If it is a huge sum, an idea of buying second home may always pop up in your mind. Buying real estate can help you earn large amount of profit on the basic investment. Real estate investment is a fabulous business and you can do it along with your existing job or business. But, this doesn’t mean that it is a very simple business which just involves buying a property and selling or renting it. It’s a wise investment and definitely, you need to invest your time and brain in this business to make it successful. So, what are you waiting for, go through these real estate investing tips mentioned below before you start off.
Tips for Investing in Real Estate
- Scrutinize the property before buying. This is one of the most important tips. Check with the nearby localities about your site. Examine your site properly, do not be negligent about doing this. You can also hire a professional inspector for this.
- In any business, research has prime importance. A comparative study will prove beneficial, before doing any deal. You need
Real estate auctions have seen a dramatic growth in recent years, in the United States. The advantages that an auction has, like a quick and an efficient way of getting cheap properties, has made it a preferred mode of buying and selling real estate. According to 2004 data, land and agricultural real estate witnessed the fastest rate of growth in sale through auctions (14.7%), followed by residential and commercial real estate with a growth of 14.1% and 11.1% respectively.
Successful Bidding Tips
Gather as much information as you can about the property you are interested in buying. For example, get specific information like the size, amenities, location, and the opening bid. Then, research the area in which the property is located. Find out about the benefits of living there and its drawbacks, and compare the prices in that location as compared to those in the other parts of the city or town. Also, look at properties similar to the one you are planning to buy. This will help you to evaluate the property against your needs, and also plan the bidding strategy.
Attend Local Auctions
Attending local auctions will help you to better understand the value of the property in
Are you a first time home buyer or seasoned home owner looking for a change? Either way we’ve got a practical list for you to follow to help make a difficult purchase a little less confusing.
Do you dream of a place to really call your own? Before you start picking out colour schemes and kitchen cabinets, there are many practical factors to consider first. For most people, buying a home is not only an emotional decision, but a financial one as well. Unlike renting, buying a home is an investment that can appreciate over time, giving you more financial security later on in life. It will probably be the most substantial purchase you’ll ever make.
But the satisfaction of making that big purchase can sometimes be spoiled by the confusion and hassle that comes along with it. Read on for some helpful tips on how to make the process easier.
Making a Wish List
Before shopping for a home, you need to determine your needs and wants. Develop a predetermined shopping list of features you are willing to compromise on and ones you aren’t. To properly prepare a home buying
You are about to invest in your most valuable asset. Many home buying steps are standard yet there might be slight variations depending on the real estate laws and regulations where you live. Here are our top 10 recommendations to make you more confident as you embark on your home buying journey.
1. Your Credit Rating
Getting your finances in order is probably the most important step you should take. Your credit reports are an ongoing look at how you manage your finances. You must know exactly what your credit reports say about your financial history before you apply for a mortgage, because the reports play an important role in the mortgage approval process and in determining the interest rate and other loan terms that a lender offers you.
2. Understanding How Mortgages Work
Get familiar with the mortgage laws, structure and options. That way, you will be able to decide on the right loan and lender — crucial to your home buying success. It’s up to you to determine which lender is best for your needs, and it’s always a good idea to have at least a bit of background about the loan process before you talk to a lender.
Buying a vacation home can be very rewarding, both personally and financially, but it’s certainly a big decision! Before making any sudden moves, take the time to engage in some thorough research, organize your finances and choose a trustworthy professional. For more leisure property buying tips, read on:
- Do Your Homework: The very first step to finding the ideal vacation home isn’t particularly glamorous. You’ve got to do your research! This means reading the classifieds, searching the internet and looking at maps. Jot down ideas and information in a notebook or computer file and save these for future reference.
- Go for a Drive: Continue the initial groundwork by going for an exploratory drive and identifying the towns, counties or regions that feel right for you. How far are you willing to drive? What kind of amenities do you want to have close at hand? What locations truly appeal to you? You don’t need to make any major decisions at this point, but should begin organizing your search criteria.
- Be Realistic: Ask yourself a few tough questions, such as:
- How often you will be using the property?
- Should you buy or lease?
- How will you finance your purchase or
The heart lies where the home is, a saying that everyone agrees to. Getting that perfect home requires a lot of research. Turkey, located in south Eastern Europe, is one among the most attractive travel destinations in the world. People from all around the world visit turkey not only for its rich historical heritage but also for its breathtaking scenic beauty. Fethiye, a port city located on the southern turquoise coast in turkey, is a major tourist attraction and people from all around the world visit for its well-known islands and beachs. Many tourists plan to even buy a property in Fethiye and contact the real estate agents or builder for Fethiye property Turkey.
Benefits of buying a property from a real estate agent:
- One can find a cost effective property with the guided help of a real-estate agent.
- Desired facilities like a perfect swimming pool, fenced yard, and a beautiful front porch can be provided by an agent that fits the need of the buyer.
- An agent discloses the problem related to the property and declares the right price for it, so that the buyer can make the right choice.
- All the documentation regarding the property are properly
Moving into a new home is exciting, but what’s not exciting is getting your current home ready to sell. Ironic that the very home you are tired of is the home you are trying to sell to someone else! Buyers like kitchens with dingy counters and bathrooms with outdated tile, right? Wrong. But renovating a house to sell isn’t as expensive or as tough as you might think. We’ve got tips from experts that help you put your money in the three most important places to get your home sold quickly.
One of the most profitable places to put your money is in the kitchen. A family centres around the kitchen. At parties, everyone eventually makes their way to where the food is being made! Making this room attractive to buyers helps sell the home in a way other rooms can’t. Sandra Rinomato of HGTV’s popular show Property Virgins advises that “a lot of buyers cannot fathom the thought of renovating a kitchen and want a kitchen with granite countertops and stainless steel appliances.” But if these aren’t in your budget, don’t worry. She says there are other options like recycled concrete or glass counters that are appealing to
Selling a house in a slow real estate market can be difficult. In times like these, it’s not enough to simply list your home and wait; you actually have to sell your home. No one really wants to sell anything when the market is bad, however, it’s not impossible to sell your house in these conditions. Even though the market’s not favourable to sellers and widespread economic recovery may be months, even years off, there are a number of tactics available to increase the likelihood of a sale. It just takes a positive attitude and a different kind of game plan. Here’s eight tips from a real estate sales rep to get you started.
Know Your Market
One of the most important things you can do to get your house sold is to learn your market, the value of your property and your competition. Most sellers operate in the dark, simply offering the property for the price they want, without regard to what other homes have sold for and are currently selling for. Undervaluing or overpricing your home can cost you tens of thousands of dollars.
Price Your Home Right
With homes sales slowing
1. Find out what your bank and insurance companies requirements are. For example, some look for an all season road, or for it to be winterized, or…find out before you buy.
2. Before you shop consider your current need/use and your future needs. This will help direct your search. For example, if you are considering expanding the living space as your family grows make sure zoning allows this. There could be restrictions on sq footage of buildings, or you may be required to upgrade from a holding tank to a septic system. This can be expensive and perhaps tough to find space for due to set-back restrictions.
3. Location, location, location — you can change lots of things, but as we always say this is one we cannot. So consider the lot, the waterfront, the commute, the topography…make sure these all work for you.
4. That it fits your budget and expectations. It could be disappointing to buy something you plan to use that requires more work than you have budget for, so that you can’t enjoy it (to some degree) now.
5. Good neighbours — this is another variable that is hard to
Whether you are on the hunt in purchasing or selling your dwelling place, getting in touch with the best real estate agent is quite essential. To be honest it is quite hard in finding one. Listed below are 10 approaches which are to be noted for finding a potential agent.
Introduction about the particular realtor- This particular open ended question opens the floor for bargaining rights. You need to know how long the individual has been actively involved in the industry and you should know about his best sales.
- More importantly how he has handled his previous clients
- You should grab hold of the aptitude of his professionalism
- At the same time you should gather information relating to his honest means
- After he responds to all your queries, look at the professional approach and how he responds in the days to come.
Selling approach- As in individual it is the responsibility of knowing how many properties he has sold in the past six months or so. This will allow in knowing where the strength of the realtor lies. It will surely indicate about the rate of his success.
Home sense- It should be taken into
This top ten checklist was created to help you make your house more desirable to buyers when you put it on the market. The most important thing to do for your sanity and peace of mind is to start to disassociate yourself with your home. For some, more than others, this can be a challenge. Selling your home can be emotional. However, I suggest that you make the mental decision to let go of your emotional attachment to your “home,” and think of it as a “house” and focus on the fact that you will be soon living in another home. As hard as it may be, don’t look backwards, but focus forward on your future.
10. DE-CLUTTER! A de-cluttered home feels more spacious – and everyone wants more space. When you begin this process, ask yourself, “Have I used this in the last year?” If the answer is “no” then you probably don’t need it so make plans to sell or donate it. Think of this de-cluttering process as a head start on your packing to move. Pack up all your knickknacks, remove small appliances and other items from your kitchen countertops, remove books from your bookshelves and
Finding the right real estate agent for you is important. You need to be able to trust them, so it is crucial that your personality is well matched with theirs. Just because you see an agent’s “for sale” and “sold” signs throughout the neighbourhood doesn’t necessarily mean they are the “right” real estate agent for you.
When you are selling in a competitive market, you need to be working with someone who is an expert in your area of focus. One of the best strategies for finding your agent, above and beyond word of mouth and referral, is to attend a prospective real estate agent’s open house. Here you can get a hands-on feel for how they operate and see if it matches what you seeking.
When you narrow down your search and are ready to interview an agent, please consider these key questions:
1. What types of properties you do specialize in selling?
2. How long have you been in the business? What is your track record? Can you provide references?
3. What is your commission rate?
4. What do you do to market the property? Do you have a website?
We’ve all heard the horror stories – people paying way too much for a house, not getting an inspection and then finding a million (expensive) problems with the place. I’ve seen it countless time with homeowners on Income Property and from talking to eager real estate investors.
Here are my top five tips for making a smart real estate purchase so you don’t get burned!
- Stick to Your Budget
It’s easy to get carried away here, especially if you make the mistake of looking at houses outside your price range. The important part is to have a plan. Don’t just think about your mortgage payments every month; also think about your monthly carrying cost and be honest about your lifestyle. Consider how much you spend every month on eating out, clothing, etc. There’s nothing worse than being house poor because you weren’t honest about your spending habits.
- Don’t be Afraid to Walk Away
A house is an emotional purchase, since it’s where you’ll be living, raising your children and making a home for yourself. But it’s crucial to keep emotions out of the equation as much as possible. You should love your house, but you
You don’t have to break the bank to have your house looking as though it was professionally staged. These tips and tricks will have your house sell-ready and gorgeous before you can say “why hasn’t it always looked this way?!”
The first step in getting ready to sell is de-clutter, de-clutter, de-clutter so potential buyers aren’t overwhelmed by your stuff, but rather impressed by your home. Counters and other surfaces should be kept clear and any furniture that isn’t needed stored away. The good news about this tedious task is packing and purging will make moving day that much easier.
2) Lights and Mirrors
Warm lighting and well-placed mirrors can make your home feel bright, inviting and even bigger. Mirrors placed over fireplaces, and along hallway walls will make rooms appear larger than they are. Table lamps, and overhead lighting like chandeliers and sconces will brighten rooms and add some flair to your decor.
3) It’s Nothing Personal
Any personal effects should be packed away; family photos and mementoes, framed degrees, anything that’s a link to the current owner. Buyers want to imagine themselves
Renovating your home can be thrilling and when the results are exactly what you wanted, there’s nothing more satisfying. But they can also be stressful and costly, in both time and money. Here are five things to consider before undergoing a renovation, whether the job is big, or small.
Does The Renovation Require Permits?
Generally, small changes can be done on your own, but larger projects involving additions or altering the existing structure, electrical or plumbing may require permits. It’s important to be aware of the rules of your city, as undergoing renos without the required permits can mean timely delays, fines and ultimately stretching your budget. Sites like the Ontario Ministry of Housing and Affairs are a great resource and a good idea to bookmark.
Has Your Contractor Been Vetted?
It’s always smart to get a few quotes for every job, and references are essential. There are too many horror stories out there to make absolute sure that anyone who’s working on your home has been thoroughly vetted. Ask to see a portfolio of their work, or call a referral or two, this could save you a lot of heartache down the road.
You don’t have to hire a decorator (or break the bank) to give a room a quick update with lots of impact. So whether you’re getting ready to sell, have just moved in or feel like a mini overhaul, these five tips will have you enjoying the room of your dreams in no time.
Change Your Fabrics
Replace your curtains, re-cover your throw pillows, buy a new rug, Any one of these easy fixes can make a big impact; but all three will completely change the entire room! And if it’s a bedroom you’re tired of, same rules apply: Replace the duvet cover, re-cover the headboard, and toss a few new pillows on the bed.
Freshen Up With Paint
Whether you tackle an entire room, or maybe an accent wall or two, a new coat of paint is probably the easiest way to change a room. From light and bright to dark and dramatic, paint can completely alter the mood.
Re-Organize A Bookshelf
Bookshelves are amazing; not only do they keep your books organized, but they can also serve as great focal pieces. Try colour-coding your books or arranging them in stacks
About two decades ago, if you did not have 20% of the down payment for buying a property, not many banks would have entertained your mortgage application. But times and changed and how. Today a down payment of around 5% is good enough to buy a commercial property. But is a zero down payment realistic? The answer is yes, but it has its own baggage of certain terms and conditions. Read on to know more.
Suppose, a property is evaluated at $100,000. You sit down with the bank officials to discuss the interest rates, repayment plans, foreclosure charges etc. The bank is willing to finance 90% of the total amount, leaving you with round about $10,000 as a down payment. What if you propose a second loan of $10,000 at a higher interest rate. If you have a decent credit rating and are willing to pay a little higher interest rate, the bank might finance your down payment, with you buying the property without paying a single dime as down payment. But, you have to keep in mind that every month you would be liable to pay monthly installments on both the loans, and it