Real Estate Latest Blog

December 18th, 2014

Checking What is Out There

There are times when you need to be updated, times when you need to listen to your own mind, and times when you have to do intelligent combinations of both. For house buying, you usually have to know what is out there and have a good, clear idea of what you are looking for at the same time.


Photo Credit

Fortunately, there are a lot of outlets to get information both to be up-to-date and to help organize your own thoughts. Take a look at real estate magazines and listings in the papers. Taking a look at pictures provided will let you know what houses are going on sale these days and will give you an idea about what kind of house you want. Go online and do this there as well. Chances are, you will get a whole lot more especially in the way of pictures, online. Also, look at getting a broker. Brokers will have access to listings and will help you narrow down your search according to budget and preference.

December 11th, 2014

Is Condo Living for You?

Posted by Victoria in Uncategorized

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There is nothing like owning your own home. For sure you will feel the satisfaction of having arrived at a certain point in life after a successful, big purchase like this. Owning a home does not have to mean owning a house though. Many people consider owning a condominium to be an equally good and satisfying investment.
There are a lot of great advantages to owning a condominium. First of all, the upkeep part becomes much easier. Condominiums usually have at least a skeletal maintenance staff ready to help fix your plumbing, electrical work, and carpentry. Secondly, amenities tend to be bigger in scale like having a lap pool or a clubhouse and gym. Thirdly, security can also be better in a condominium.
There are many great things to consider when looking at a condominium which is why this kind of real estate purchase is certainly a good one.

December 4th, 2014

Real Estate:Definition of terms

Posted by Lei in Information

In order for you as a buyer or seller to understand Real Estate further, we will give you a glossary that you can use before pushing through any plans.Here’s the list:(Source:Real Estate abc.com)
1.)amortization-The loan payment consists of a portion which will be applied to pay the accruing interest on a loan, with the remainder being applied to the principal. Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.
2.)clear title-A title that is free of liens or legal questions as to ownership of the property.
3.)collateral-In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust.

(Photo source:http://www.fotosearch.com/photos-images/dictionary.html)

November 27th, 2014

Mortgages

Posted by Lei in Estate Planning Advice


Image Source: mortgage.pl

  1. Mortgages usually peg housing costs anywhere from 28 – 30 per cent of a borrower’s gross income and a maximum of 36 per cent for existing debt payments which could be student loans, car payments and the like.
  2. Mortgage terms could be 10, 15 or 30 years. Longer terms also mean lower monthly amortizations but higher interest rates. Shorter terms have bigger monthly amortizations but lower interest rates.
  3. Sometimes, 30-year terms allow additional principal payments. Meaning, a 30-year loan could be reduced to 22 years by having one additional monthly amortization each year.
  4. Mortgages have either fixed or variable rates. Fixed rates are advisable for buyers who plan to stay 10 years or more in their property, while variable rates are best for those who intend to stay there only within 5 years or less.
  5. Home equity debts are normally tax deductible.
November 20th, 2014

Model Unit Viewing: Think Bare

Posted by Brian in Real Estate

When you are invited to view a model unit of the condo unit you are considering to buy, one piece of advice; think bare. Most people get carried away with the furniture and stuff that are placed by interior designers and in the mind of most people, they feel that all of these are included in the deal when in fact they are not.

Remember that model units are really made to look good. They are the ones that entice you to buy the whole thing. While you feel that everything looks fine, if you want the same setup, remember one thing. You have to invest additionally to get the same setup as they are not part of the sale.

November 13th, 2014

Silver Lining

Posted by Robert in News, Real Estate

Have you ever seen someone that works better when the odds are against him or when everything around him seems to be failing? A smile despite everyone around him crying and gnashing their teeth? There’s a company who have decided to see the current real estate situation as an opportunity rather than a bane. For instance, the Los Angeles real estate firm, CB Richard Ellis just closed a $2.1 billion investment fund. The money will be used to buy properties nationwide.

Through this fund, the firm will be buying both properties that are only in need of minor repairs and those that need more improvements. The latter will fund real estate development.

CB Richard Ellis Investors is an independently operated affiliate of Los Angeles-based CB Richard Ellis Group Inc., the world’s largest real estate brokerage.

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November 6th, 2014

More Options in a Frantic Real Estate Biz

Posted by Brian in Estate Planning Advice, Real Estate

Home and shelter are obvious needs of people today but the thing is, are they really doing people a favor? This is practically the best question to ask since we all know that business in the property sector can boom and fall at any moment.

One factor working for most in this aspect is hard times. Not all people are willing to shell out thousands of dollars if they cannot maintain the property. For most, having a place to stay now and when they retire is important. However, it would be best to note when this would be and where the place to be invested on should be.

October 30th, 2014

Bailout – Naaah!

repoPeople have been reveling since the bailout bill was passed and the President has said and reiterated that his administration is out to help the American public, one problem, no bailout funds actually getting out. What, there is in fact a long process to get all the cash out to the millions of people who need them to stem foreclosure on their properties and having no other option, they turn to foreclosure rescue companies who are out for big bucks. The situation according to one expert is like having a shark where the blood is and that’s what is really happening. These rescue companies take your money and are never heard of again.
People have complained that these firms simply disappear when they have finished their job, which is nice for they have after all prevented you from losing your home but what happens after that still fails and the funds are still not there to help you, who knows.

October 22nd, 2014

The Top 10 Internet Searches For Real Estate Sites

Posted by Lei in Information

NetSearchOne of the biggest concerns when I talk to real estate agents is, What are the chances that my site will be found? After seeing the most recent survey on top real estate sites on the internet, I would say very good. Very, very good.

The big boys that we who follow the real estate market closely do not have the penetration in the market that we would assume.

When the top 10 sites comprise only 5.34 percent of the real estate searches, that is a huge win for the long tail. It also means that branding by the big boys is important but not overwhelming. Instead, focusing on the local seaches in your area has a great chance of being an effective strategy for the long term.

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October 15th, 2014

Mall Property Default Sends Shivers Through the Industry

closedforbusinessThe 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…)

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