As Is Flipping

Category: Finance, Real Estate.

"Flipping" is a hot trend in today s real estate market.

There is no doubt about it, flipping is hot and with so many ways to do it why wouldn t it be? Just take a look around, there are books on flipping, media articles about flipping and even reality shows have tapped into the flipping rave. Here is a quick list on ways to flip for profit. Perhaps the most popular way to flip a house these days is to purchase a fixer- upper, make some repairs and sell it for profit. Buy It, Flip It, Fix It. Real estate investors have been flipping houses like this for years.

Even better, flipping fixer- uppers can net profits anywhere in the range of$ 15, 000 to$ 50, 00The key to this type of flipping is finding bargain buys that require as little fixing as possible. This is a tested and proved way to make money. Buy It, Refinance It With a Lease Option. Once you have renovated the house to your liking, have the property appraised and refinanced at its new value. Instead of selling your fixer- upper for cash, you can sell for terms. If you are on your game, you should have virtually no money tied up in the transaction.

The rent payment should cover the mortgage payment. Now you can sell the investment property on a lease with option to buy. If and when your tenant opts to purchase, you will rake in a larger profit because you won t be liable to pay a broker s fee. As Is Flipping. If the renter decides to option the purchase after a year, you will benefit from a lower capital gains tax rate. If you aren t into fixing your fixer- upper, you can always flip it untouched.

If the real estate market is hot, you will be able to turn your investment property a little below the current market price. This tactic works best on homes that don t require a lot of repair. You don t make as much money this way, but you can gain a profit in a short period of time. When the real estate market is smoking hot, you can easily flip homes pre- construction style. Pre- construction Flipping. This method works best when prices are appreciating at approximately two percent a month.

The down fall here is if the market slips, you could lose ground and money on your pre- construction investment. If you purchase a pre- sold home, by the time it is built and closed on, you will be able to sell if for more then the purchase price. Wholesale Flipping. This tactic works because the fix it and flip it method is so popular. The final flipping method is wholesale flipping. If there are a lot of investors out there seeking fixer- uppers, you can capitalize on this demand by purchasing real estate and selling it to other investors.

You don t pull in a huge profit selling homes like this, but you can turn a lot in a short amount of time and with very little effort.

Atlanta Is The Place To Be

Category: Finance, Real Estate.

The word is out.

According to statistics gathered from various sources, Atlanta has ranked first in the nation for new home starts for the past thirteen years. Atlanta is the place to be. It ranks third in the nation for number of Fortune 500 companies that call the Southern city home- only New York City and Houston boast more Fortune 500 companies. The weather is sublime year round, and outdoor activities abound in the greater Atlanta Metro area. The economy is strong and growing stronger. It is the largest and fastest growing metro area in the South and ranks high among cities throughout the entire nation. It is still renowned for its Old South gentility and for the unhurried pace of everyday life.

On the reverse side of the coin, the Greater Atlanta metro area also offers some of the most beautiful scenic land in the country. A new home buyer would be hard pressed to find a more scenic place to live than along the Blue Ridge Parkway and its surrounding mountains and towns. Gated and other master planned communities make up the majority of new housing starts in the Greater Atlanta area, following a trend that has also become popular in other fast growing areas of the country. The new developments and communities in and around Cherokee County are counted among the top homes for sale in Atlanta. Master planned communities offer many advantages to homeowners and their families- as well as to the overall community. The top homes for sale in Atlanta include communities and developments that cater to everyone s desire to live a high quality of life.

Because they take into account the needs of a new community from the very start, they tend to meet those needs very early in the development process. They provide recreational opportunities of many kinds and offer a leisurely, relaxed lifestyle that is less than an hour removed from the amenities and realities of the big city. These neighborhoods are often built around central amenities and recreational features- but offer the privacy and serenity of living on a mountain lake. Atlanta has been billed as" where the mountain meets the metro" , and that slogan is embodied by list of top homes for sale in Atlanta. The most sought after neighborhoods and communities around Atlanta include luxury gated master- planned communities with integral golf courses, hiking trails and, waterways full- fledged community centers. Outdoor activities might include marked hiking trails through the lush surroundings of mountain forests and walking paths through nature preserves designed to spotlight the most beautiful features of the community s environment. Residents can avail themselves of fitness facilities that include tennis courts and swimming pools, indoor exercise spas and tracks.

The beauty of the natural landscape and the luxury of the homes available may be why CNN named Atlanta one of its Top 10 Cities to Work from Home in 199CNN Money speculates that it was the 1996 Olympics that sparked the trend for telecommuters in Atlanta, and it may have been. Nearly all of Atlanta and its surrounding suburbs and metro area are wired for cable and high speed internet access, a must for many of today s new home buyers. Whatever the original impetus, Atlanta companies have been quick to adopt work- from- home as part of the culture. Atlanta is also rated seventh on Sperling s Ten Best Places to Live, the largest city to make the list. The climate- generally warm and pleasant as opposed to steamy in the summer- is a major draw for active older adults who enjoy the social and recreational opportunities that Atlanta living offers. Sperling s cites Atlanta s low cost of living and high per capita income as major reasons for the city s popularity with young people who are concerned with value. Black Enterprise magazine, which annually publishes a list of Top Ten Cities for African Americans has listed Atlanta in its top three for years.

The median home price for the Atlanta area is$ 177, 000- on the low side of the scale for major metropolitan areas. They cite Atlanta s low median home prices and buying power as major reasons for Atlanta s high rating. Atlanta is a growing city- growing in size, growing in income and growing in opportunity. It s no wonder that Atlanta regularly makes the Top Ten lists of best places in the country to live and work.

Read more...

This Type Of Hard Money Loan Is Used To Specifically Buy Detroit Real Estate - Finance and Real Estate Articles:

Although the credit marks have tightened their belts in lending, savvy investors still have options when it comes to profiting from Detroit real estate.

There Are Many New Communities In The Area That Has Newly Constructed Homes

Category: Finance, Real Estate.

Atlanta, remains one of, Georgia the largest areas in the US for continued growth in new home construction. Choosing where to put your new home among the top places to live in could be a little difficult.

This means real estate value is good and there are plenty of new home builders in Atlanta. Here are some reasons. These new subdivisions consist of just about any type of community and home you could want. There are many new communities in the area that has newly constructed homes. The new home builders in Atlanta have been busy making new subdivisions that include the top gated communities in Cherokee County, to new lake communities, to some of the top Georgia golf course communities. The result is that there are many excellent places to live in this part of the country. The homes also include most varieties- from townhouses, single family and, condos two family dwellings to executive mansions.

Homes in many of these subdivisions start about$ 125, 000 and go up to several million dollars. There are about 20 excellent golf courses in that county alone- and more are being created. In the north area, you can find some of the top Cherokee County golf course communities. Some of these are the Echelon and Hawksridge communities, where you will find the highest priced homes. Some of the golf communities offer both gated and open neighborhoods, such as the new community at Laurel Canyon near Canton. Other ones include the Lake Arrowhead golf community near Waleska, and the new Crystal Lake community of Crystal Falls. Here you can find that the new home builders in Atlanta have built two communities- Long Leaf is the open community and Seasons is gated for the 55 and older who are still very active.

So many different things, that they have, in fact even hired a full- time activities director. An extra large club house has many activities in it such as drama, an arts and crafts room with 2 kilns, a gourmet kitchen, a pool for classes. New home builders in Atlanta are also building the first conservation zoned neighborhood in the eastern part called The Preserve. There are exciting nature trails to walk on and wildlife to see. It is now being built within its own nature preserve and offers 131 new homes. It has been officially certified by the National Wildlife Federation, and provides the residents with a more rural type of setting- but it is still within easy reach of the city.

It has the honor of having the highest new home construction in the nation for the past several years. Right now, this area remains one of the hottest new home markets in the nation. It looks like this is a trend that will only keep on going. To make the perfect match, you can also build a custom home to go with your new community surroundings. With so many different communities being added, new home builders in Atlanta have just the new area you need. You can also select your new home from among the Waleska luxury homes, a top Atlanta subdivision, or in one of the gated communities for those over 5There are also new schools being built to meet the needs of these neighborhoods, and some neighborhoods have Master Planning.

There is also the modern look of the city, which was renovated for the World s Fair a few years back. Living in this area gives you the benefit of having closeness to the international airport, all kinds of jobs, and higher education. Many new parks were added, along with the plentiful availability of sports teams and stadiums- making plenty of fun places to go. By contacting Realtors, you can find out more about these new areas- even before they are built. New home builders in Atlanta, have built new communities all around the area. You can select your house plans, work with a contractor and then build your own one of many custom homes in Atlanta.

Read more...

The River Ness Is Flowing Through The Heart Of Inverness From Loch Ness - Finance and Real Estate Articles:

If you have grown tired with routine and you need a relaxing holiday to enjoy the blessings of nature, if you are planning a dreamlike wedding or you want to change the monotonous view of your office, we offer you an opportunity to get all this by presenting you with an alternative for accommodation Inverness, more precisely a hotel Inverness. That is why we offer some information about hotel Inverness and the reliable alternative for accommodation Inverness.

One Very Interesting Consideration When Speaking About The Mexican Real Estate Market Is The Increase In Canadian Buyers Throughout Many Areas Of Mexico - Erma Riina about Finance and Real Estate:

There has been much talk about the Mexico real estate market and what it will bring in 200When talking about this real estate market, it seems that the US property market is closely associated. Traditionally the Mexican property market was strongly driven by those American s who were looking for a second or vacation home in the warm temperate climate of Mexico due to its value for money and low cost of living.

Buying A House Is A Long Drawn Process - Finance and Real Estate:

Buying a house is a long drawn process.

The Building Is Within Walking Distance To Ontario Place And A Quick Ferry Ride From Toronto Island

Category: Finance, Real Estate.

Standing at 637 Lake Shore Boulevard West is one of Toronto s true tributes to innovation, and high, renovation- class living, the Tip Top Loft condominium complex.

They are located right on Lake Ontario within local proximity to the Martin Goodman Waterfront Park and trail system, as well as all of the excitement that makes up the atmosphere of the Toronto waterfront. The exclusive lofts that are part of this building s appeal are unique in several aspects in comparison to other Toronto condominiums. The building is within walking distance to Ontario Place and a quick ferry ride from Toronto Island. Two stories high on average, they are spacious and comfortable with a soft loft appeal. The condos themselves are also unique. There s no doubt that many aspects of the modern Tip Top Loft building are unique, but in fact the singularity of this complex stretches right to the very foundation of the building itself. It is one of the historic buildings in the city that enjoys a long history and a place in the cultural and commercial history of the city.

The Tip Top Loft condo complex is not just a testament to the luxury of high class living, but also to the innovation and ingenuity that keep the city of Toronto in the limelight as one of the most cutting edge locations in North America. Residents of the Tip Top Loft complex can chalk up the incredible location, with its gorgeous view and easy access to all amenities, to the fact that the building itself was originally commercial in nature. Classified as an Art Deco building, the Tip Top structure was used both for office and warehouse purposes. It was constructed in 1929 by contracting company Bishop and Miller for the Tip Top Tailor clothing company, one of the largest men s clothing chains in Canada. At a time when highways and super freeways did not cross the landscape as it is today, access to the waters and ports of the Great Lakes was a huge commercial advantage, thus the location of the building proved to be invaluable. The company was sold to Dylex, who were interested in the chain and its potential, rather then any of the buildings the chain owned.

With the Great Depression, Tip Top Tailors and others fell on hard times, and were forced to downsize as well as to review company policy. The result was a rejuvenation of the corporate side, but this did not extend to the real estate holdings, and buildings like the warehouse were allowed to degenerate. The move to conserve space, the appeal for the modern individual of a manageable living area, as well as skyrocketing real estate prices would all combine, bringing new life for the building, which was sold to Context Development Inc in 200The company renovated the historic structure into the high- end condominium building it is today, registering the complex in 200 Today, these condos( including the additional three floors of two storey units) are some of the most in demand pieces of real estate in Toronto.

Read more...

Moving On To The Duplex - Finance and Real Estate Blog:

There is a lot of talk about getting your first house.

What A Great Way To Plan For College - Dee Dauenhauer's Finance and Real Estate blog:

With the average cost of college level education rising approximately 6% every year, what is the best way to have the money for college exepnses when you need it? In fact, only 40% of students graduate in four( 4) years.

About Turkey - Finance and Real Estate Articles:

As the number of Americans visiting and moving to Turkey increases, the popularity of homes in Turkey increases as well. Look outside of the norm when considering a purchase.

Spain Is Enjoyable Anytime Of The Year

Category: Finance, Real Estate.

In the month of September, when summer is officially approaching its end and the temperature is well above 30� C, you can choose to take frequent dips in the pool and cool yourself with chilled beer.

With beautiful holiday spots in the country, especially the southern side- Costa del Sol and Costa Blanca, you can enjoy a mild weather along with a number of interesting activities. But if you want a better way to beat the heat, then visiting Spain would be a wonderful idea. Spain is enjoyable anytime of the year. Therefore most of the holidaymakers in Spain, especially those who come from UK and other countries of Europe, look out for different kinds of Spanish properties. And you can appreciate your trip here further if you own one of the luxurious Spanish properties. Having one s own place in this country ensures that you have a nice and spacious accommodation, where you can live and enjoy in your way, while you stay here. You do not have to pay hefty amounts for living in plush hotels, yet you have a better place to stay with more space to move about freely.

Whether you come to Spain in the peak time or outside that, you have an assured arrangement of staying here. You have a more relaxed atmosphere and do whatever you wish to since this is your own space. To look at different kinds of Spanish properties or to be entertained by varieties in Spain, you can go for car hire services. In short, it is your own home in Spain. You can get car rental services in all the major cities and towns. And if you visit Spain during this part of the year, do not forget to enjoy the renowned Feria de Pedro Romero( or the famous Spanish Bullfighting season) .

Read more...

How Can You Reach The Agent - Finance and Real Estate Articles:

It seems like buying a home in El Centro should be easy, right? Unfortunately, if you aren t represented in the sales process, your real estate purchase can become a real nightmare.

Downtown Detroit Has Realized Such An Initiative - Lula Westergard about Finance and Real Estate:

Urban downtown revivals take significant community coordination.

What Makes A House More Than Just A Home - Finance and Real Estate Articles:

Those who are looking for El Dorado Hills real estate are often looking for a luxury home in this small bedroom community, just 25 miles east of Sacramento, and an hour, California s drive south and west of Lake Tahoe on the Nevada border. They are looking for elegance, convenience and amenities, prestige that make a home more than just a home.

Miami Is The Largest City In The Metropolitan Area Of Southern Florida

Category: Finance, Real Estate.

Miami is the largest city in the metropolitan area of Southern Florida. Moreover, the largest and the most influential port in the United States is found in Miami and there are few cities in this world that benefit of such incredible views and surroundings like Miami does.

Miami is also considered to be a world city because of the high cultural and financial importance that this city has. Considering this, you can only imagine why in the last years there has been a building frenzy in Miami. Now, because the offer for Miami condos or luxury Miami condos is so high, you must be very careful how you choose your condo when you decide to move to Miami. The number of people who decided they must see the amazing views of Miami when they wake up in the morning was so high that more and more condo buildings started. There are a few important things that one has to consider when making this investment. So you like the name and you love the view, and the interior of the condo, and the services that you are offered are to your liking, but should it stop here?

First of all, do not be fooled by any pompous name and do not settle for the best view ever without looking into some other important facts related to luxury Miami condos. No! Slack maintenance is almost always a sure indicator of financial trouble. One of the most important parts that you have to pay a lot of attention to when deciding that Miami condos are what you want is the financial health of the luxury Miami condos association. This may mean that the fees you have to pay are much higher than for other Miami condos and this also means that you might have some trouble later when wanting to sell the propriety. Ask the association for a copy of their last financial statement, rules and restrictions, check the covenants to make sure that they are to your liking, learn as much as you can about the condos association and last but not least try to find out what is the owner- tenant ratio.

To avoid all this trouble and make sure that the investment you make is safe, once you have chosen the luxury Miami condos building of your choice, it would be wise to follow a few steps that might save you from a headache later on. After you have checked all this must do s on your list and the results are satisfying, then you can purchase that Miami condo that you were looking into. However, if you follow these few steps, then you can surely enjoy your luxury Miami condo and be sure that you have made the right choice. If you want to enjoy your condo and make the best of your investment, it is not enough to settle for a nice view and tasteful furniture. The number of condominiums that you can choose from in Miami is vast and this is why you need a little guidance along the way.

Read more...

There Are Many Misconceptions About Foreclosure - Finance and Real Estate:

There are many misconceptions about foreclosure.

Force The Buyers To Set The Price - Finance and Real Estate Blog:

With all the talk in the news lately about the housing market falling apart, buyers are getting more and more fearful every day.

Their Job Is To Find You That Next Great House - Finance and Real Estate Blog:

A lot of times when home buyers decide to buy that next property instinctively they call their real estate agents to find them new homes that fit their current criteria and needs. Their job is to find you that next great house.

In Fact, The Market For Real Estate Online Investing Could Be Better

Category: Finance, Real Estate.

Gone are those days of book keeping and note pads, everything that use to be monitored on paper is been looked in online today.

With all the investing information online, it is possible to become familiar with the basics very quickly, and from there step into the process of finding the company that is right for you and that will give you the highest return on your investing. In fact, the market for real estate online investing could be better. Investing online can be an easy and capable way for self- directed real estate investors to make their own investing decisions. The marvelous growth of online real estate investing in recent years reflects in a comparative growth in a strategy known as" day trading" . However, investing online does not reduce the importance of evaluating potential investing decisions and researching the fundamentals of a stock, such as a company s net earnings, P/ E ratio, the products a, beta company offers and the market in which it competes. Day trading has become one of the popular online strategies as real- time quotes and related market data are quickly to online investors. Most commentators consent that the growth in the popularity of online investing has contributed to market volatility.

However, it is to be noticed that many can lose money in day trading, and may not be proved good for various reasons. Specifically, the speed at which information is communicated and orders are entered over the Internet makes it easier for online investors to persuade prices and trading volume in popular stocks, particularly new Initial Public Offerings. Before investing in real estate, you also require to make your decision whether the budget fits your investment. One who s a regular online user can become a leader in real estate investing. If you do not have over all idea about investment then it is better to attend few of real estate seminars and grab the information of the same. The seminars also keep you informed about the risk involve in the same.

This seminar in general encourages you to pull off your goal and give most excellent idea about real estate field.

Read more...

If These Magical Animal Experiences Aren T Reason Enough To Purchase A Holiday Home In Orlando Then Nothing Is - Finance and Real Estate:

If you are thinking of investing in a holiday home but are wondering where the best place to do this is, Orlando is an excellent option.

You Don T Even Need To Leave Your House To Apply For A Mortgage Loan Online - Finance and Real Estate:

In the 21st century, with each passing week, more and more business is being transacted over the World Wide Web. Including people who are interested in buying a home in Riverview, Westchase and the New Tampa real estate market.

The Average New Home Is Picked Out Within A Week - Finance and Real Estate:

Here are a few tips on buying any property.

Find A Property With Some Curb Appeal

Category: Finance, Real Estate.

There are a lot of the properties listed for sale each and every day. Maybe you are one of those individuals thinking about getting into real estate investing.

So many, that it can be overwhelming to decide on which properties might be good to buy for an investment. Or maybe you are one of those individuals who already are investing, but have not been all that successful in finding those" diamonds in the rough" . Finding a realtor that you can trust is essential if you want to be successful in real estate investing. In either case, please read on and discover how to correctly identify money- making properties that will help you to realize huge profits time and time again. Without this" external" team member you are left using your gut and more than likely a lot of your time researching the market to help make your decision. When you do find a realtor that you can trust have them assist you with the following: The property s asking price.

Realtors can access information on properties in minutes that may take you hours or days to access, so use them! Could you get it for less than what is being asked? The property s selling price and what repairs are going to be needed to get it sold for the same amount as other like homes in the area are selling for. A realtor can tell you. You want to make sure your property is just a" notch above" the others in your market at your price range. This will tell you the amount of time that you can expect until you flip it( if that s the route you re taking) .

Find out how long like properties in the area have been on the market( on average) . Find out the average sale price for like properties in your area also. Next are some suggestions on how to identify a property. This will help you decide how much to rehab( dollar amount and quality) , and how much you can expect your house to sell for. These tips will put you ahead of the competition in your area and help you to buy smart for huge profits: Look for properties with large bedrooms. They don t want to walk into their bedroom and fall face down into the bed.

People like space. Look for openess in a floor plan. Try to locate properties with bigger kitchens. A very open floor plan can give the illusion of more space. Why is this important, you may ask? Make sure that the property you are considering has a dry basement and that the foundation is straight with no bowing.

The next time you have a party, take a look at where everyone gathers( understand? ). Wet basements mean leaks and leaks mean repairs, and repairs mean EXPENSES! Steer clear of wet basements! In addition, wet basements can mean the dreaded four letter word, M- O- L- D. Find a property that has a maintenance- free exterior, such as a brick or maintenance- free vinyl siding. Consider the neighbors and the neighborhood. They re out there, you just got to look.

Come by at different times of the day to see how the neighborhood is. Are there a lot of kids who should be in school or people milling about who should be at work? Is it loud? Are there any abandoned cars? If you answered" yes" to any of these questions- -FIND ANOTHER PROPERTY! Are the neighbors homes next to the property, across the street from the property, and behind the property in disrepair?

Run a registered sex offender search for your area. Look for a property with a newer roof and mechanicals. You don t want to rent to a family and then find out that there is a sex offender living right next door. Find a property with some curb appeal. Once you get it down to a system, there will be no stopping you from making huge profits each and every time! These tips offered in this article should have you on your way to identifying money- making properties in no time.

Read more...

Buying And Selling Property - Finance and Real Estate Articles:

Buying and Selling Property.

An Increasing Number Of Graduates Are Unable To Afford To Take The First Steps On The Property Ladder, New Figures Report - Heather Leonardo's Finance and Real Estate blog:

An increasing number of graduates are unable to afford to take the first steps on the property ladder, new figures report.

A" Cool" Market Will Heat Up - Finance and Real Estate Articles:

People always ask me if this is a good time to buy real estate. I have the same answer for both questions: I don t know.

Experienced Bankruptcy Lately

Category: Finance, Real Estate.

Experienced bankruptcy lately?

You may also be wondering if buying home after bankruptcy is a good idea for you. You may wonder if you will still will be able to get a home loan. While bankruptcy can make your mortgage loan approval difficult, it is still possible to get approved. They are called the Subprime lenders. In fact there have been more and more, bad credit loans coming out all the time. They are focusing more on helping individuals with poor credit in buying home after bankruptcy.

Just to give you a bit of an overview here are some very good reasons to consider after bankruptcy buying home: Increase your credit rating. This is happening mostly because bankruptcies are still on the rise and there is an increasing number of people with bad credit who are looking for home financing. When you make your payments on a regular basis, you will be able to develop your credit rating. After your bankruptcy has been for ended 2- 3 years, you ought to have a much easier time qualifying for a lesser interest rate mortgage loan. Once your pre- payment penalty is done, you should be able to refinance your credit loan for a much lesser interest rate. You will be able to own an asset. Why not just buy a home, its value will, over time increase and you are working you way towards owing an asset.

If you are just renting a home then you are absolutely throwing your monthly payments away. Once you have bought your house, as soon as 6 months or so later, you might be able to take out an equity loan on your home and consolidate any other debt that you might have since your bankruptcy or debt that could not be included in your bankruptcy. You may also want to use the extra cash to invest in a business venture or for needed home improvement. Taxes and student loans will not be discharged in a bankruptcy. It is very tempting to buy an new home, do some renovations, new car, etc. , after bankruptcy discharge you have no debt left. But it is not that easy so here are some factors to consider before committing yourself to a new house payment.

You will probably feel like you can afford a larger house payment due to the financial experience that you have. The Pre- payment penalty. And usually lasts from 2- 3years. This penalty is usually about 6 months worth of house payments. Once you sign those mortgage papers you absolutely have to make those payments. The Two Year Mark. If you don t have the amount of the pre- payment penalty in savings, you are locked into making the payments or losing the house.

Keep in mind that after 2- 3 years from the date of the bankruptcy discharge, mortgage loans will be much easier to get. So, if you are within 6 months or so from the 2 year mark. With a small down payment, you might even be able to get a mortgage loan without a pre- payment penalty. It would be smart to wait it out and have more mortgage loan options. This is the most common mistake that we usually get into. Borrowing Too Much.

If you do decide to buy a house, buy one that you know you will be able to afford. If your income suddenly drops, you ll want to make sure that you can still afford your house payment. Don t max yourself out on credit, living right up to the edge of your income. Be conservative with how much home you need to buy. But don not despair because I know some people that have been in to bankruptcy but has been able to get up again and rebuild there credit quickly most of them has even been able to buy a new house. Most of us always think that bankruptcy is the end of our credit life.

Bankruptcy will show up on your credit report for 10 years. Although it may be difficult to find a bank to give you a mortgage it s certainly not impossible. That means that every mortgage lender will certainly see that fact when evaluating your mortgage application. Banks want to make money and you may find one that s willing to take the risk.

Read more...

A Few Free Zones Which Have Skyrocketed Property Investments In Dubai Are: Media And Internet City, Jebel Ali Free Zone, Gold And Diamond Park, Etc - Finance and Real Estate:

There are many theories about the origin of the word Dubai, some say this term was given to the region because it was considered a smaller version of a thriving market which name was" Daba" , other theories suggest that this particular word means money. Dubai real estate market has blossomed in the past fifteen years due to implementations of one- of- a- kind projects such as" The Palm" , "The World" islands and" The Walk" , this fantastic place has earned the interest of the world s wealthiest people, mid- size and small investors.

One Of The Most Overused Adages That Has Been Around For Many Years Is: Your Home Is Your Castle - Finance and Real Estate Blog:

One of the most overused adages that has been around for many years is: Your home is your castle. In the end, it will be in your very own home that some of the most precious and memorable events of your life and of the life of your family will be made.

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

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.

There Are Simple, Starter Condos And Luxury Condos

Category: Finance, Real Estate.

Phoenix real estate prices have increased at such a high rate over the last two years that many potential first time buyers have come to the conclusion that they simply can t afford to buy.

Many apartment owners are opting to convert their apartment building into condominiums throughout Phoenix. Fortunately, there s an affordable solution to the dilemma that benefits two very interested parties- first time homebuyers and their former landlords. Renters are given an option of purchasing their apartment, or new buyers can purchase any of the apartment units. These renters are able to purchase a comfortable condo at a substantially lower price than most homes. Of course, the apartment owner realizes a great profit for their property, but it s also great news for the renter that chooses to purchase. Plus, they may be able to get into the condo with very little down payment, and their new home payment may be the same or only slightly higher than their original rent price.

As home prices increase throughout Phoenix, condo owners benefit from the increased prices. But the best reason for renters to purchase when offered a condo is the incredibly equity they ll accumulate with ownership. Even if the condo isn t the home the owner wants to stay in, they can leverage the equity they gain into another new home at a future date. Phoenix is one of the strongest condominium markets in the United States. Some new buyers are finding that between the time they began purchasing their condo and the actual closing date on the loan, their condo may have appreciated$ 50, 000 or more. There are a variety of prospective owners that are searching for affordable housing solutions: immigrants, and young buyers, retirees.

There are simple, starter condos and luxury condos. There is not one single type of buyer or even type of condo conversion. Most of these complexes feature a variety of community services, such as shared swimming pools, community centers and golf courses. Rising home prices don t have to be a stopping point for new homebuyers. The condos are great options for buyers that plan to occupy the units, as well as investors that are looking for easy to maintain property. There are some great opportunities being available to renters every day throughout Phoenix.

So, if you are a first time homebuyer, or looking to down size to a lifestyle friendly environment, a condo conversion may be a great opportunity to build some quick equity.

What Are You Looking For In A New Home

Category: Finance, Real Estate.

There s a lot to be said for buying a new home.

If you are looking for a new home, one of the best areas to look at is the Imperial Valley, specifically the city of El Centro. When you purchase a new home, you know you aren t inheriting problems the previous owner covered up, you know that you have a home that is new and has the most up- to- date features. Many people look at the Imperial Valley and see a fast desert or vast, farm land, irrigated. The demand for housing in California has always been strong, but the demand for affordable housing is even stronger. But the true residents know that the Imperial Valley is a great place to live with some incredible real estate opportunities. Unfortunately, the inventory of new home communities hasn t always kept pace with demand.

In fact, the rapid building of home communities has resulted in a whole section of the newspaper devoted just too new home projects in the Imperial Valley. But fortunately, developers have been buying former farm land and converting it to beautiful new housing communities. What are you looking for in a new home? Or do you want a home in a family- friendly neighborhood? Do you want a country home with a large lot? Whatever your preference is, there s a new home community in El Centro that will meet your needs. That s one of the many great features of El Centro.

Imagine being able to find a new home for about the same money you would expect to pay for an older home in a bad neighborhood in some other parts of California. Because this area has a lot of accessible land, developers are building attractive communities that meet a variety of needs, at affordable prices. You ll see lots of homes that have Mediterranean styling and modern- day conveniences. Most new home communities in El Centro combine Mexican and American cultures. Most new homes are built with the amenities like large master suites, neighborhood pools and, extended patio areas much more. Most new home communities offer buyers a chance to make custom changes to their homes, provided they purchase during the building process.

Even in communities on the lower end of the budget feature homes with tile and hardwood floors, and room to, open floor plans grow. Some homes even feature extra" bonus" space that can be converted for other uses later by the home owner. They aren t just boxy houses, homes with real, but instead character. These developments offer homes that are attractive and stylish. You ll find a new home in El Centro that matches you style and family s needs, and gives you a home to enjoy for years to come.

Boston Is Also An Expensive City

Category: Finance, Real Estate.

One of the oldest cities in the United States, Boston currently houses more universities and colleges than any city in the country. The city itself has only 573, 000 residents and is actually geographically quite small for a major city.

Once the home to those that begun the Revolutionary War, Boston today is still the city of champions, with both the Red Sox and New England Patriots sitting high atop a mound trophies and vanquished foes. But if the borders of the city were set up like New York City or L. That's why you generally hear the phrase the Boston Area about as often as the word Boston itself. A. 's, then the surrounding cities of Somerville, Medford, Cambridge, Arlington, Malden, Newton, Brookline, Revere and Chelsea would all be part of the city, and it would have a population of about 2 million. Boston is also an expensive city. The median price of a home in the area is about$ 410, 00That figure is true despite how old most of the buildings are here. It's expensive to live here in general, and a big reason why that's true has to do with the cost of buying or renting a home.

The median age of a rental building is 65 years, and that number takes into account all of the new homes that have been built in recent years, so you know there are a whole bunch of old buildings creaking around here. Be forewarned however, while most of the lines on the T, as locals call it, the Green line, are pretty quick is horribly slow. For the most part, the Boston area sports a quality public transportation system with a large number of buses and quality subway lines. This antiquated part of the public transport system effectively doubles the commute time for most homes in the Allston and Brighton regions of Boston. That means that it is much easier to find a home here than it is in New York City where occupancy rates are about 99% but, compared with the rest of the country, it certainly isn' t easy. The occupancy rate is 909% .

That being said, the market has indeed cooled in the past year, and there are a number of great deals to be found. Residents of the city have keen memories of when it was nearly impossible to find a reasonable price here, and are quick to jump on homes that are good values. They are not, easy to find, however. If you are intent on finding a great deal, use a highly customizable search engine to make your search process as efficient as possible. While the Boston Globe's web page has the largest selection of homes, CityCribs offers by far the most in- depth search engine, as well as one of the largest databases of available homes in the area.

Recording Fees

When closing on a property. be sure to take a good look at your HUD- 1 or closing statement. Some legitimate fees would be listed as: Origination Fee- Some people consider this a" junk fee" .however, most lenders charge it. but it should never exceed 1% of the loan amount.

Which fees are legitimate costs and which ones are junk fees? Appraisal Fee. Prepaid Interest. Credit Report. Prepaid Insurance. Document Preparation. Closing Fee.

Title Insurance or Simultaneous Issue. Tax Stamps. Courier or Wire Transfer Fee. Recording Fees. They are simply itemized fees created to increase profits for the lending institution. What are" junk fees" ?

It can be confusing, because most of them will have legitimate sounding names. They don' t process credit reports. Here are a few I' ve seen over the years: Processing/ Credit Report- One lender tried to charge a buyer$ 500 for this" junk fee" . They simply order one and their underwriter looks it over. but most of the time the FICO score will be the basis for approval or denial on the loan. Underwriting Fee- This one is fairly common, but still" junk" . This fee is completely out of line.

The underwriter is there to" underwrite" the loan. Broker Fees are legitimate charges- as long as they are not inflated charges. It's part of the process, and you shouldn' t be charged extra for it. Administration Fees/ Processing Fees- These fees are simply a way for the lender to pass their cost of doing business onto the homebuyer. Bank Inspection Fee. Lenders Inspection Fee.

Amortization Fee. Notary Fee. Administrative Fee. Application fee. But it's best to go over this with your Exclusive Buyer's Agent before closing. Most of the charges on your settlement statement will be legitimate. Ask questions about any charge that seems to be vague or excessive.

Better yet, make sure all your fees are shown up- front on the good faith estimate from the lender. Lenders frequently adjust these fees when confronted with someone asking questions. The lender, must provide you, by law with this document within 3 days of loan application. I would go so far as to say that if these" junk fees" show up in a good faith estimate, it would be advisable to find another lender right then. If there are any" junk" fees listed, now is the time to take care of them. or find another lender. Because they can always slip them into the closing statement. and it's not fun to deal with them at closing. Get references!

It's always a good idea to use a reputable lender.

The Region Has Over 30 Golf Courses, With The Closest Minutes Away

There are those who will live on the mountain and those who can only look up at them.

Some have walked the lazy winding trail at the base, others have explored its many sides and layers, but most have only a vague idea of its curvy profile and amazing depth. Those brought up in Kelowna may know it. For those not from around here Kirschner Mountain is just off Hwy 33, down Loseth road toward the canyon and Mission creek scenic park. Twelve minutes to the airport and university, and less than five from schools, grocery stores and, medical clinics the like. While above and apart from Kelowna, the location is only minutes to Orchard Park Shopping centre, about twenty minutes to downtown and the lake. It is a part of the city but considerably more a part of quiet country living.

The words neighbourhood, community and retreat come to mind, but this is something more. What is emerging at this very special place is something that was well worth the wait for all those many years. This is true mountain living. You will be excused in thinking this is a resort. This is Kirschner Mountain. Big White village is just 45 minutes away with Silver Star a few minutes more. As for vineyards and orchards, they border you along with a creek and Scenic Canyon Regional park.

The region has over 30 golf courses, with the closest minutes away. This is living on a rather grand scale anyway you care to measure. The mountain is home to owls, roving quail and, chipmunks pheasant, falcons as well, deer as regularly visiting eagles and hawks. Kirschner Mountain does have a city side- it is close to it all its amenities but you will feel right at home in its countryside. The family has even seen the odd moose walking through to only nature knows where. It also means some neighbours down the way may just have some fresh cherries or peaches with wildflower honey.

Countryside means peace and quiet. Here life is rich, season in and season out, in ways those living in the city only dream about.