The collapse of the many real estate developers and owners who operate many malls in the US sent shivers down the spine of many estate agents and industry experts who got a wake-up call as to the extent of the real estate market troubles that are plaguing them to this day. These are some of the largest rental property owners in many US states and them falling victim to the faltering economy are a staunch reminder that recovery is to be long and painful. People are also finding it harder to cope with the economic conditions due to more troubles on the economic sides and with the social impacts of such economic woes. (more…)
Christmas has come and gone and the new year fails to bring hope to the faltering real estates market. Jobs are expected to be shed, even from some of the largest global firms as the global economy slips deeper into recession. The weather is also playing its part in making this one of the coldest winters of all time (except for the Ice Age maybe) aggravating the despair of people who have lost homes due to unpaid mortgages leading to foreclosure.
These foreclosed homes, though recovered by financiers and lending companies, cannot be turned back into cash to re-inject into the system causing it to seize up. More houses to sell, still not enough buyers, not good for an industry that relies on public spending for their income.
When talking about real estate and property ownership in the United States, there is a common fear among home owners and real estate investors that we are upon a real estate market crash within the next decades. Already proving that no market can continue to expand and increase in value forever, San Francisco and Las Vegas have seen recent dips in property values over the past two years. While many home owners and ‘self-made’ investors are calling fowl by banks who were offering ‘too good to be true mortgages’ and selling off their properties at a loss, many savvy real estate investors know that in any type of market (either boom or crash), there is money to be made in the long run.
If you find your home insurance a bit high, these tips may help you out:
1. If you’re a smoker, stop.
Insurance companies tend to give higher insurance premiums to smokers because of the fire hazard posed by smoking. You may consider yourself careful, but you never know with fire and cigarettes – all it takes is a little, seemingly insignificant accident, a little spark, and the you may suddenly be faced with losing all you own.
2. Invest in security and home protection systems.
You can try to avail lower premiums if you install things like a security system, floodlights, smoke detectors sprinklers, sturdy, durable locks, or any other sort of device aimed at preserving your home. Homeowners with homes that are well taken care of pay a lot in maintenance, but save on insurance premiums. Not to mention that they also enjoy a safer life in their home.
Real Estate Finance and Investment II is the second of the two-course sequence. The latest course is focused on advanced topics in their macro level. The topics include decisions to be made when it comes to collections of individual assets in real estate like the portfolio which is actually the decisions in the firm level and the considerations in the investment management. The course offers a few of the key concepts, principles, analytical methods and tools that ca be used when deciding to make a decision in investing and financing commercial real estate assets. Some main public capital market real estate vehicles, REITs and MBS will be introduced and surveyed in this course.
Each time we walk along the streets of our town, we are bound to bump into various people who are handing out leaflets of properties and estates where we may be interested in investing. One thing you would be looking at is the cost and then the location of course. The first one is only normal but the latter is something that plays a vital role in setting the investment price for getting one.
It all depends on how much you are willing to invest. Many may be wary of it but at some point in time you will invest in them since you are looking for that final destination in your life called home sweet home.
It’s pretty obvious by now that the US is suffering on the real estate market. However, like a proverbial silver lining, California Real Estate Commissioner Jeff Davi said:
“The market is cyclical, you know that,” he said. “There’s no quick fix. There’s no silver bullet.”
This was the strongest message he said yesterday in front of 300 members and guests of the San Diego Association of Realtors. As we reported last time, the city was one of the hardest hit by the market.
The commissioner also advises the vets to pair up with the greenhorn agents and that they should focus on the rising number of foreclosure properties because that is an opportunity for all.
Its been months since you listed your property for sale, you tried everything already like; getting a listing agent, posting your ad through the Internet, by word of mouth, etc. But still you haven’t received any calls yet, you tried to call your agent and asked why then you were not satisfied by his reply.There are some factors that might have affected selling your house, and these are:
A.)Price-due to recent problems encountered by the Real Estate Industry, prices of homes nowadays are less than the price you actually bought it few years back.Maybe, the price you posted is too high for any buyer to consider.
B.)location-check if your house is located conveniently than poorly. Buyers will try to find properties that will bring comfort to them and their families.
C.)condition of your house-is your house on tip-top shape?have you thought of repainting it before putting it on sale?I think you should do it now if ever you haven’t done so.
D.)And lastly you may want to change your listing agent-when you called your agent and asked for answers, you didn’t liked what he said. Basically, if your agent isn’t cooperative and not that interested anymore in selling your house it’s high time you find another agent who can help you with your dilemma.
When we go into the urban living lifestyle, we have two choices as far as homes are concerned, lofts or studio types. People often look for ordinary types of available accommodations and these two are sure to be among the places to be shown.
Much of this has to do with gaining access to a home that has just the right size for small independent living. Not all people may find it feasible to live in such places with large size considering what would they do with it. Also, why should you pay for something large when you only have yourself to live there and perhaps find yourself going to your ancestral homes on vacations and weekends?
Buying a house is a big deal any way you look at it so this is an activity that deserves more than a cursory look. You really need to delve deep and think hard before you dive into the pool of home ownership. Owning a home requires a lot of work in general. Given the way the economy is still in recovery mode at the moment, the smart thing to do is to always look at big investments. That in mind, when is a good time to buy a house if, indeed, this is the direction you are set on going?
There is no rule about when to buy a house although it is wise to look at trends. Buying when the market is flexible and accommodating is smart too. If you look at calendar months, some say December is a good time to buy as there are fewer house hunters and brokers eager to sell. Whatever trend you follow, make sure that you look at the house, the price, and your budget well before buying.