Home Listing –opportunities are aplenty, choose one that suits you the best

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Synapse India

Getting a home listing is an important aspect of acquiring a valued property possession in some of top locations of the US. If you are in search of a foreclosed home for sale, you will doubtless be in search of home listings. Some of the most useful resources of accessing home listings include local newspapers and real estate agents. Other than the varieties of VA and HUD resources, banks putting up home listings of properties can also be the interesting places to search for a cost-effective home.

The Best Home Listings sources
Banks work as the most interesting sources of home listings. Mainly so because they prioritize in liquidating assets. Resultantly, a foreclosed property on sale is never too old with them. In addition, the eagerness to cover their loan money makes banks sell a foreclosed property in a price much lesser than the market price! Government home listings are the sources of some dependable foreclosed properties.

Internet Serves the Purpose!
If you want to buy foreclosed home at the most economical price range, internet surfing might help you to get some of the best options to choose from. Many websites specialize in providing quality home listing which you can access quite easily. This can either be in the form of a small payment you pay on a weekly or monthly basis or as a lump-sum one-time payment.


However, once a one-time payment is made, vendor may lose interest in you as a customer. Understandably, largely it is because of the fact that once the full payment is made, there ceases to be any further benefit that the vendor stands to gain from the buyer. The resultant decrease in standard of service is encountered in many cases.

Also prior to an online payment, check the site's credibility and money transferring module that it runs with.

Myself webmaster of http://www.ushomeauction.com/ an online resource of the foreclosed home, foreclosed properties and foreclosed home listing.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Enjoy the Finer Things in Life in Cyprus

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Rhiannon Williamson

The sun-kissed Mediterranean island of Cyprus has always been a destination favoured by those who enjoy the finer things in life. Because of its geographic position it is a nation blessed with one of the most favourable climates in the world making it a fertile land of great abundance. The quality of life in Cyprus is enhanced by this very fact; and the standard of living enjoyed by locals and expatriates alike is exceptionally high thanks to the fine foods and fine wines produced locally on the island.

Famous for its sumptuous and extremely healthy traditional Mediterranean cuisine, Cyprus is also equally famed for its ancient and superior yet earthy wines. As a wine producing nation Cyprus is also quite possibly unique as it has the dual status of being one of the oldest wine producing countries in the world, yet having some of the highest standards and most modern production policies in place to rival the best of the new world wine producing destinations.

Home to Commandaria, the world's oldest named wine still in production, the most famous wine-producing region of Cyprus is located in and around the ancient yet vibrantly thriving port city of Limassol. Winding along a trail of some 20 kilometres north of the city, the wine region of the Limassol municipality takes in breathtaking countryside and is centred on the five pretty and traditional villages of Kalo Chorio, Zopygi, Louvaras, Ayios Pavlos and Ayios Constantinos.

Commandaria is a beautifully rich, amber-coloured delicious dessert wine made from Xynisteri and Mavro grape varieties; production of the wine is believed to date back to Ancient Greek times with a reference made to Cypriot wine as early as 800BC – although the name Commandaria was not given to this sumptuous drink until around the time of the crusades in the 12th century. Today the Commandaria wine is the most famous of all in Cyprus, but the island also produces a whole range of varieties from Cabernet to Shiraz and from Grenache Noir to Maratheftiko, an ancient grape variety that the wine producers of Cyprus are working hard to revive. So important is the production of wine in Cyprus to both the economy and the lives of rural communities across the whole of the island that every year the municipality of Limassol celebrates the success of the season by holding a ten day wine festival in September. Despite Limassol being home to a whole host of other festivals and festivities throughout the year, the annual wine festival is one of the most popular events in the city and it is also a time when the city can showcase the fact that it truly embodies, embraces and represents many of the finer things in life.

Commenting on the appeal of Limassol, Martin Pearce, UK Sales Director of Aristo Developers comments: "often described as the Saint Tropez of Cyprus, Limassol is a city with a perfect blend of lifestyle and real life amenities and opportunities. It is a large employment centre whilst being a cultural, historic and artistic city where the shopping, the wining, dining and entertainment options are all five star. Limassol is also an active Mediterranean seaport from which travellers can set sail to visit the likes of Egypt, the Greek Islands or Turkey, and it is city that has received millions of euros in investment and regeneration funding in recent years to transform it from a working city with a certain faded chic into a cosmopolitan European city of lifestyle and culture. Today the greater Limassol municipality is increasingly becoming the destination of choice for those moving to Cyprus, retiring to the nation or seeking investment property within reach of the fastest growing city in Cyprus."

One development proving particularly popular with lifestyle home seekers who enjoy the finer things in life and who are therefore naturally attracted to Limassol is Monagroulli Hills. This low density, high-grade development of two and three bedroom villas, each with their own private pool, are within easy reach of the cosmopolitan hub of Limassol whilst lying within the beautiful wine growing countryside that surrounds the city. The homes are therefore private and luxurious, yet within reach of beaches, shopping, restaurants and entertainment. The homes within the development range in price from €299,000 (£233,593) to €353,600 (£276,250)…

By Rhiannon Davies for Aristo Developers, one of the most dynamic and innovative development companies based in Cyprus and Greece offering a wide range of beautifully designed properties. For more information please contact Aristo Developers on 0800 082 0601 or visit www.aristodevelopers.com

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Austin Real Estate – Local Investor Puts Luxury Home On The Market

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Richard Soto 1

If you are looking for luxury in the Austin real estate market, have a look at the $9.25 million home recently put on the market by an Austin investor, Willard Hanzlik, and his wife, Cordelia. It is a beautiful and modern home with 9,090 square feet and it is currently one of the top ten most expensive homes in the Austin real estate market. The Hanzlik's home was built in 2002 on a twenty acre lot that is thoughtfully landscaped with native Texas plants. With large windows, high ceilings, and a mixture of modern and natural elements throughout the home, it is a very inviting space for those who enjoy entertaining friends and family.

More Million Dollar Properties for Sale in Austin

For over a million dollars, potential buyers will literally live in the lap of luxury. The West/Westlake area of Austin offers several properties well into the millions of dollars with up to three stories, six bedrooms, sprawling lots, and over seven-thousand square feet of living space. These contemporary castles have so much to offer that if you are fortunate enough to be able to purchase one of them, you will feel like a celebrity or the king of your own palace.

In the Central Austin area, $5 million dollars will get you a lovely waterfront home with features such as a guest or boat house, a salt water pool, and about five-thousand square feet in the main home. A lot of care has been put into every detail of these luxurious homes, and they are worth every penny.

Average Buyers Can Have A Bit of Luxury, Too
You do not have to spend millions of dollars to find your perfect home in Austin. Starting for under $350,000 buyers can find luxurious features such as a master suite, unique slate showers, cobblestone driveways, jetted tubs, gourmet kitchens with stainless steel appliances, and more. When purchasing Austin real estate, potential home buyers really get their money's worth. With a median home price of $312,500, Austin home buyers do not have to choose between luxury and affordability.

The Austin Real Estate Market
Although, not surprisingly, the Austin real estate market is slower this year than it was in 2007, there are better prices and more appealing deals that are keeping potential home buyers interested. For the past few months of 2008, the inventory in the market has been decreasing which is a sign of a strengthening real estate market. It is still a buyer's market overall however, Austin real estate is weathering the storm much better than comparable cities throughout the nation. Homes that are listed for under $150,000 are not doing as well, though, compared to homes priced right from $150,000 to $400,000.

As specialists in the Austin real estate and Austin condos markets, VIP Realty offers in-depth market analysis and updated news, working as the forefront Austin discount real estate broker.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Dallas Communities: Spending your Leisure Time

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Zack Fair

Dallas communities and neighborhoods offer its residents a variety of different venues. If residents are looking for art and culture, or shopping or entertainment, they only have to find the neighborhood or community that offers it. With all the different communities and neighborhoods within the city limits of Dallas, there is something for everyone. And the fact is that if you want it, it can be found in Dallas.

If you are looking for art and or culture, then the art district is where you want to head. The art district in Dallas is the largest art district in the country. Within this community, art lovers can find art made by both local and foreign sculptors, painters and other artists.

There are several different shopping areas in Dallas, and depending on the type of shopping you want to do, will determine the shopping center that you choose.
There are several different malls located within the city limits of Dallas, as well as several that are located in the surrounding suburbs and areas.

The entertainment within the city limits of Dallas is as varying as the residents. There are country bars and clubs that individuals with country and western tastes can gather as well as bars and clubs that play a variety of other types of music are played like hip-hop and rock. If you want to dance and enjoy a night out on the town, you can be assured that the right club or lounge can be found in Dallas. And if residents are looking for a restaurant for an evening dinner out, then there are even more options available that will satisfy any cravings that they may have.

Dallas provides its residents with many different avenues for entertainment and fun. There are a multitude of clubs and lounges that play all the different types of music so that every resident is able to find the club or lounge that will suit their taste in music or environment. And if shopping is what a resident wants, then Dallas offers several different shopping malls that are located throughout the city; there are even more malls in the surrounding cities and suburbs as well, so that the shopper is bound to find what he/she wants. Restaurants within the city limits are as varied as the residents who live in Dallas, and there is guaranteed to be something for everyone from American food to Chinese and Mexican and everything in between. The art district is also a great place to get your fill of culture and art from both local and foreign artisans.

Zack Fair publishes articles for Rent-Dallas-Apartments.com, a website dedicated to promoting Dallas Apartments providing resources on Dallas Suburbs , communities, and schools to people looking to live in Dallas.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Being Expatriate Live In A Dream Home

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Kaloyan-Veselinov Banev

During the later half of the 20th century expatriation was dominated by professionals sent by their employers to foreign subsidiaries or headquarters. Starting at the end of the 20th century Globalization created a global market for skilled professionals and leveled the income of skilled professionals relative to cost of living while the income differences of the unskilled remained large. Cost of intercontinental travel had become sufficiently low, such that an employers not finding the skill in a local market could effectively turn to recruitment on a global scale. This has created a different type of expatriate where Commuter and short-term assignments are becoming the norm, and are gradually replacing the traditional long term. Private motivation is becoming more relevant than company assignment. Families might often stay behind when work opportunities amount to months instead of years. The cultural impact of this trend is more significant. Traditional corporate expatriates did not integrate and commonly only associated with the elite of the country they were living in. Modern expatriates form a global middle class with shared work experiences in multi-national corporation and working and living the global financial and economical centers. Integration is incomplete but strong cultural influences are transmitted. Middle class expatriates contain many re-migrants from emigration movements one or two generations earlier. In Dubai the population is predominantly expatriates, from countries such as India, Pakistan, Bangladesh and the Philippines with only 3% of the population made up of Western expatriates.

Real estate investing

Real estate investing involves the purchase, ownership, management, and/or sale of real estate for profit. Improvement of real property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an expensive, non-liquid asset, and therefore real estate investment activity is capital intensive, risky, and cash flow dependent. The primary mode of business failure for real estate investors is an inability to remain cash solvent.

Property developer

A real estate developer (American English) or property developer (British English) makes improvements of some kind to real property, thereby increasing its value. In legal form the developer may be an individual, but is more often a partnership, limited liability company or corporation. However anyone involved as a principal in such transactions is a property developer by occupation.

There are two major categories of real estate development activity: land development and building development (also known as project development).

Premier Overseas Properties is an international property consultancy based in the UK offering real estate around Thailand, Cyprus, Barbados, Bulgaria, France, Monaco, Spain,ets.Specialize in Investmenting opportunities that offer you the ability to achieve the best possible return.

Premier Overseas Properties are an international property consultancy that offers you overseas investment property and property sale Cyprus.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Dr. Deming Weighs in on 10 Real Estate Investing Tips – Part 2

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Brad Wozny

Real Estate Investing Tip #4. Mobility of management.

Deming once said "A system must be managed. It will not manage itself. Left to themselves in the Western world, components become selfish, competitive. We can not afford the destructive effect of competition." Many new real estate investors are taken in by the idea that once they set up their real estate business, it will run itself. They want to be able to retire entirely very quickly and avoid putting in any more effort into their investment company. This is a problem.

For your real estate business to flourish and grow, you must manage your power team and your deals. You must be responsible for your company's success and you must occasionally innovate or change your methods around if you want to respond to the market and continue to grow in your business.

Real Estate Investing Tip #5. Running a company on visible figures alone.

Again, Deming was a believer in the intangible rewards of business. If you are running your company on yourself alone, you will not have a great chance at success. To succeed, you must have an invisible power team behind you. Your buyers might not see the contractors, assessors, and attorneys, but these invisible figures are exactly what will help you offer the best possible value to your customers.

Real Estate Investing Tip #6. Excessive costs.

Spending a fortune on marketing, useless information, unusable services and extras you don't need is a real danger in any type of business – especially when you are starting out learning how to become a real estate investor. Yes, you need some knowledge or education in order to learn what to do and you cannot scrimp on hiring a power team who will help you put together winning deals. However, avoid buying toys until you start raking in money.

At the start, re-invest the money you make in order to grow your real estate investing business – you will achieve success much faster this way.

Deming also defined some lesser obstacles that affected businesses. These same roadblocks may be keeping you from the success you deserve in your real estate investing business:

Real Estate Investing Tip #7. Neglecting long-range investing business planning.

Sure, you may be focusing on the house you want to sell right now, but you must be thinking ahead 5, 10 and even 15 years so that you can start laying the foundation work for the sort of investing business you want to become in the future.

Real Estate Investing Tip #8. Relying on technology to solve problems.

A fancy website will not solve anything if you do not have the content or traffic to generate real estate deals through the site. A new cell phone will not solve your problem if not enough leads are calling. Focus on solving the root of the problem, rather than looking for the newest gadget.

Real Estate Investing Tip #9. Seeking examples to follow rather than developing solutions.

Real estate mentoring is a wonderful thing, but truly successful businesses eventually strike out on their own, offering something innovative or new – or just a twist on something that already exists.

Real Estate Investing Tip #10. Excuses.

You cannot assume that you won't succeed in real estate investing and you cannot make excuses for any failures. Take responsibility, learn, and step up to the next opportunity!

Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of INVESTMENT properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies at http://www.InstantRealEstateSolutions.com

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

The Wash Up, Signs of weakness, Growth area & Debt consolidation

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Ulysses

As June approaches in Byron Bay, I am reminded what a brilliant place to be in autumn or spring - perfect climate with bright shiny days with warm ocean water and good surf - who could ask for anything more. It's the place to be!

The Wash Up

Everyone involved in property in Australia thought we were about to enter a boom period in the New Year of 2008. Then, a perfect storm of a financial meltdown and interest rates nudging 10% was enough to take the shine off the market - especially the luxury end that is usually very strong here. Also the new government, elected in November 07, although they have presented nothing concrete yet, is determined to keep property prices under control. Australia has the highest housing affordability ratio in the world after London. It takes 7.5 times the average annual income to buy a median value, residential home. Some of the steps they can take are to release more land at the outskirts of the cities or cut some of the onerous taxes - some say state stamp duty tax is likely to go.

My own "Mea Culpa" is to say sorry to the few people I remember saying don't sell to at the end of last year thinking hold your investment is the best strategy. I am reminded how dumb it is to try to guess the market - in any situation. Especially now when everything is so volatile and unpredictable!

Signs of weakness

Most capital cities experienced a slight fall in median house values over the last quarter. Sydney, Melbourne Perth and Canberra all dropped between 0.3 - 0.5%. Hobart was the worst dropping 3.4% while Adelaide the best going up 3.1%."It's the first widespread fall in four years," says APM general manager Michael McNamara. "It seems to have all stopped on a 10c piece." He also said " there are other signs of weakness, with the number of houses for sale rising 39 per cent from 180,000 in February last year to 247,000 in February this year."

Growth area

One scenario where there is growth in the real estate market is in co-ownership purchasing. This is where one person, on their own, can only afford a dump. But if they team up with a friend or relative they can share something halfway decent. The concept now even has its own website - does anything not have a website? You can go online and find a partner to help with the deposit and the mortgage - or as in most cases where friends or relatives join together - you can access practical and legal advice.

Debt Consolidation

If it is to be a time of constriction it may be best to consolidate debt. Any loss making investment is probably best discarded. Check your present loan to see if you are getting the best deal. If you have been thrashing the plastic and the credit cards are maxed - they often run at an interest rate 0f 18 - 20%, more than double that of the home loan. If it could be some time before you get a chance to clear those debts it may be advisable to consolidate it into the home loan. Please email or phone up for a free consultation to make sure you are in the best deal.

Present Mood

Even real estate agents are admitting it is very slow out there. They are usually so consistently ebullient and up beat it is hard to know the truth. Most of them must do these marketing/manifesting/positive thinking affirmations its hard to get to the real story. There are buyers out there but they are picky and price sensitive and predominately in the owner-occupier market. Some astute investors I know think that this is a market for bargain hunting and as rates stay high and buyers stay away many people will begin to sell for under market value. For the hearty amongst you take note of mythical investor Warren Buffet who advises: "Get greedy when everyone else is fearful and fearful when everyone else is greedy!"

Value your property

Want to find out how much your property is worth Australian Property Monitors are having a special - for $79.95 you can get an online valuation.

Trying to Solve Housing Affordability

Reading through all of the bureau-speak I have finally been able to make sense of the proposed government schemes. The grandly named First Home Saver Account Scheme offers young people trying to enter the market a bonus of up to $850 to encourage them to save for a home. It also offers some tax breaks on these savings that is still unclear to me.

The other initiative to reduce housing costs is the Housing Affordability Fund. This fund provides $500 million over five years to remove red tape and solve other administrative problems with providing new housing. It misses the point as the bottlenecks are at local government level, while state and federal government bureaucrats on junkets and fact-finding missions will probably spend the money. Hopefully they will come up with something worthwhile after five years at the trough.


www.byronpropertysearch.com.au
http://www.podproperty.com.au

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Why Phoenix Real Estate is a Good Choice

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Wayne Hemrick

For those who are relocating to Phoenix, Arizona or current residents who may be looking for a new home, the best choice is to use a reputable Phoenix real estate agency to help you find one of the Phoenix homes for sale. Attempting to locate Phoenix homes for sale without using a Phoenix real estate agency can be a frustrating and lengthy process because of all the Phoenix homes that are available on the market at any given time. One of the best reasons to contract with a Phoenix real estate agency is to make it easy for buyers to find Phoenix AZ real estate and for sellers to connect with buyers who are looking for real estate in Phoenix, Arizona.

Although it is possible to find some properties that are available directly from the sellers, most Phoenix real estate is listed with an agency in order to make the process flow smoother and to allow buyers to have access to a larger network of Phoenix homes for sale. Working with a Phoenix, Arizona real estate agent can help a seller with presenting his home to the largest community of buyers. Although newspaper advertising may work for some things a person sells, it is much more practical to sell your home through a realtor.

For the seller utilizing the services of a Phoenix, Arizona real estate agency means he does not have to do any advertising, be responsible for showing the home, or negotiating the price of the home. In fact, most real estate agencies prefer the seller to leave the home when they are selling in order to prevent the seller from providing any negative feedback to the potential buyer. Leaving everything up to a Phoenix real estate agency takes the responsibility of presenting the property from the seller to the real estate agent who is more experienced in how to secure the sale of Phoenix homes.

One of the most important things is for a buyer to work with his own Phoenix real estate instead of using the services of the listing agent. This protects the buyer because the listing agent is working in the best interest of the seller rather than the buyer. It is essential for the buyer to have someone who does not have a vested interest in the seller and therefore will work with a buyer to help him or her find the property they want. Realtors work from both the seller's and the buyer's angle which is why it is essential for a buyer to secure his own real estate agent and settlement attorney. Buying a home is the biggest investment you will make, and you want to be sure the transaction proceeds smoothly and there are no problems that may develop after the sale is closed.

Wayne Hemrick provides an intriguing look into the world of Phoenix real estate investment. For Real Estate Investors in AZ considering one of the many Phoenix homes for sale, this is a worthwhile read.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Appraised Value: The Ups & Downs Of How Much A House Is Worth

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Paco Vielma

Determining Fair Market Value is an eternal struggle and major balancing act. That's because buyers want a house to appraise on the low side—to keep the purchase price down. While sellers want the same house to appraise on the high side—to make the sale price higher. And then you've got the owners of the house—who also want the appraisal to be on the low side, in order to keep the property taxes down.

So with all these different agendas and points of view, how is the fair market value of a real estate property actually determined?

Once a year, your county sends all area homeowners official notices that put a dollar value on their property. And property taxes are based on those dollar values. But before those notices get sent out, a long, detailed process usually takes place. First, the land is valued as if it's vacant—an empty lot, in other words. Then any improvements are described and measured. Improvements consist of the house and any other structures, pools, sheds, garages, and so forth. Next, most counties check the Marshall Valuation Service Cost Guide. It's a standardized nationwide guide for determining the value of the cost per square foot to build a building that fits the description of the improved property. Next, if the house isn't brand new, the replacement cost is considered, as well as depreciation; the year the house was constructed and the condition of the property are factors here. Appraisers then must take the critical step of comparing the value of the house with recent selling prices of similar homes in the neighborhood. At this point, the appraisal might stand "as is"—or it might be adjusted upward or downward.

Market Value is a theory, in other words—not an unchanging fact.

In a perfect world, you have to have willing buyer and a willing seller. Neither is under duress. Both are in a position to maximize gain and are trying to do this. But in the real world, things are rarely that simple and equally balanced. Which is why people feel differently about the appraisal value of a house. It really depends how strong their position is as a buyer or seller.

Does the local economy come into it at all? You bet it does.

Ask a successful Realtor about that! He or she will tell you they've noticed that the Rio Grande Valley's fast-growing economy is attracting people from other areas who consider real estate here a bargain. That helps fuel increases in property values.

So—now you know where that Grand Total comes from.

You're armed with the information you need to make a better house-buying decision. For instance, you can understand how two virtually identical houses that are in two different neighborhoods could be very far apart in price and appraised value. And why your choice of the right house in the right neighborhood could be worth a not-so-small fortune to you right now—and years down the road.

http://www.inewhomesearch.com
http://www.RGVNewHomesGuide.com

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Sarasota Real Estate – Tips For Out-Of-Town Buyers

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Vanessa Doctor

In this day and age, the Internet has managed to spawn a plethora of opportunities for people who are planning to invest on real estate. Rather than spending extra money for travel expenses to-and-fro their preferred locations, technology has allowed prospective buyers to search, compare and contrast various properties of interest in the comfort of their homes. The case is pretty much the same in the Sarasota real estate market. Home sellers can now post their offers online for potential buyers to see, along with actual photos of their homes.

Despite the apparently efficient system of browsing through a myriad of online property listings, prospective buyers should never undervalue the importance of hiring a Sarasota real estate agent. Contrary to popular belief, a realtor's job actually transcends the mere act of helping you find the perfect home. Out-of-town buyers, in particular, would really benefit a great deal from taking a real estate agent into service.

The Primary Focus Of A Buyer's Agent

One of the better-known tasks of a buyer's agent is to assist you in your pursuit of that ideal residential property. A realtor's edge normally comes from having an in-depth knowledge of the Sarasota real estate market, of the different neighborhoods, and of the present home inventory in the area. Apart from that fundamental task, a buyer's agent will also navigate you through tons of offers, the whole negotiation process, and the legal aspects of buying a real estate property—regardless of whoever came across that particular find.

What Out-Of-Town Buyers Should Look For In An Agent?

If you're a potential out-of-town buyer of a Sarasota real estate property, you may want to make a note of the things you should look for in an agent. Here are some useful guidelines in choosing a buyer's agent.

* The real estate agent should be willing to maintain an open line of communication with you even though your trip is still months away. He or she should show eagerness in talking to you about the Sarasota real estate market, the area, and the property that would suit you best.

* The real estate agent should constantly send property listings and exhibit interest in getting your feedbacks long before you arrive in Sarasota. Though some of the listed properties may not be available by the time you get there, your comments would somehow paint a picture of what you're looking for in a home.

* The real estate agent should find time to provide you with an informative tour of the Sarasota area. This way, you can familiarize yourself with the different neighborhoods and eventually make your mind up about a particular location. The guided excursion would also give you an inside look at the place you have chosen to live in.

* The real estate agent should not force you into making a decision about a particular Sarasota real estate property unless you are totally prepared to do so. Patience is certainly one of the most important values that a realtor should possess. For that reason, you should definitely avoid making a hasty choice when it comes to selecting an agent. Remember that choosing one is similar to the task of picking out a house. So always take your time to think things through.

Vanessa Arellano Doctor


Sarasota Real Estate
Sarasota Siesta Key Real Estate Florida

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Real Estate Attorneys - What Is Their Role?

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Tony Seruga, Yolanda Seruga and Yolanda Bishop

Many real estate buyers and sellers consider real estate attorneys to be the most expendable part of your real estate transaction team. This opinion has been proven painfully wrong to those who choose to eliminate their expense. Skipping the attorney in a transaction can lead to problems: contract liabilities, zoning issues, EPA problems, and even unpleasant surprises like liens that even the seller didn't know about. For these issues, you must have a specialist.

Not just any real estate attorney will do in any transaction: each situation calls for a specialist. Subcategories include residential, commercial, industrial, agricultural, landlord-tenant, construction, and environmental, and in some large transactions you may need more than one specialty. They can be critical both before and after the transaction - setting up a paper trail prior to the deed assignation, or tracking down fault when problems are found with the property. Destruction of a property or forced sale (due to divorce, foreclosure, death, etc.) should immediately trigger hiring a real estate attorney.

The specialty attorney you need to hire will vary not just from type of transaction, but from property to property. For instance, suppose you need to close on an industrial property that has a lien on it, and that may have some environmental issues. Your real estate attorney must be able to handle all three issues, and identify any further issues that may be coming up around the bend. Or what if you are working with the property disposal of a divorcing couple that rented out a home to long-term tenants? In this case, you'll need a real estate attorney experienced with both divorce issues and landlord-tenant issues, ideally ending in a sale to someone who would prefer to keep good long-term tenants in the home.

You also need to consider the role you're taking in the transaction: buyer or seller. Real estate attorneys for buyers:

* Interpret contracts, explaining to you how your title will work and giving you options as well as looking for liens, covenants, easements, and other things that complicate your title.
* Create and file legal documents related to your purchase, and review your closing papers along with you.
* Help with mortgage terms and negotiate alongside you for the best possible deal; also, he looks for things like unpaid taxes and utilities prior to closing.
* Set up title insurance protection and ensure you receive true registered ownership with minimal liabilities.

Seller's real estate attorneys:

* Prepare contracts and other papers, as well as reviewing purchase and sales agreements and other paperwork. They also help negotiate terms.
* Identify and correct title issues
* Act as an escrow party, helping transfer security deposits and arranging insurance
*Attend your closing and review all papers prior to signing, helping to negotiate changes if necessary.

In essence, a good real estate attorney functions as a member of your transaction team, and as a valuable safety net, catching any errors that may have been made before they become critical problems. They are also critical in special real estate transactions, such as a 1031 trade.

What Do Real Estate Attorneys Cost?

The cost of your real estate attorney will vary depending on the size of your transaction and the complexity of the deal. Typically, attorneys charge by the hour. An average home, depending on the amount of work they must do, will result in a fee ranging from about $500 to $1,500, on either the buyer or seller end. Your first consultation visit should be free; at that point, if your attorney charges by the hour make sure you talk to them about what your final costs will be. Also ask for a regular accounting for charges, particularly if charges start to amount above where they should be at a given point in the sale.

Remember, also, that whether the sale goes through or not, you'll need to pay your real estate attorney. For this reason, you should not retain one unless you are reasonably certain you want to move forward with the transaction.

Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Buying vs. Renting – Do You Know Which One Is Right For You?

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Larry Lloyd team

Even with mortgage rates at historical lows, house prices continue to climb making some to wonder if now is the time to buy. So some are asking themselves the question "Buying vs. renting, which one should you choose?". There are many people that are trying to make this decision. This is one of the biggest and sometimes hardest decisions you will ever have to make. There are many advantages to renting and there are many advantages to buying. This article will tell you the advantages of both and then you will have to decide if renting or buying is right for you.

These are not all of the advantages of renting vs. buying, and it may vary depending on the areas you want to live in, but they are the most important ones. You will want to make sure that you learn more about renting or buying before you do either.

Here are the advantages to renting:

One: When you rent your home you will not have a big debt hanging over your head. You will not have to worry about losing your home and all the money you have already paid towards your home if you can't pay the mortgage payment.

Two: When something mechanically breaks or stops working you won't be responsible for fixing it. You will just need to call the landlord and they will take care of it. This means you don't have to spend your money when something goes wrong.

Three: One big advantage to renting vs. buying is that you will have less liability. If someone were to get hurt while they were on your property, and it was through no fault of your own, than you won't have to worry about being sued because of it. In most cases the landlord's insurance will be responsible.

Here are the advantages to buying vs. renting:

One: When you buy your home you will be the sole owner of the property. You will be able to do a lot of things to your property that would not be allowed without a landlord's permission if you were renting. Some of the things you can do when you buy your home are to paint the walls inside and out, you can add tiles where you want to, you can basically change anything you don't like or want changed. These changes have the added benefit of adding value to your home. When you are renting you can't do this without permission.

Two: When you buy a home vs. renting you will be building equity in your home. Although most of your mortgage payments go to paying interest a portion does go to paying down the mortgage amount. Think of this has a kind of forced savings.

Three: Buying a home can be a big debt but when you pay off your mortgage you will no longer have to worry about losing your home and you will not have any more monthly payments to make. So you will be able to use that money for a lot of other things.

As you can see there are many advantages to buying or renting. You will have to decide which of the advantages appeal to you more. This will help you make your decision easier. Take your time and do some research if you are really having problems deciding between renting vs. buying.

Larry Lloyd is real estate professional focusing on the Durham Real Estate market. Feel free to contact Larry and his team with any questions regarding the Whitby real estate market or to search for available properties.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

The New Law on Adverse Possession

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Parmdeep Vadesha

A few years ago, a squatter can occupy a piece of land long enough to become its true owner. But with the 2000 Land Registration Act, landowners have reason to be more secure in their property.

The Limitation Act 1980 provides that 'no action shall be brought to recover any land after the expiration of the limitation period of twelve years.' After the expiration of such period, the true owner no longer has the right to recover the land, and the squatter who possessed it gains a superior right. All the squatter had to do was to show that he occupied the land and exercised a degree of physical control over it for at least twelve continuous years. Occupation must also be without the consent of the true owner.

This law has been criticized for being unfair and incompatible with human rights. It has been seen by the Law Commission as 'sanctioning a theft of land' as it creates a presumption that the occupant is the true property owner. For decades, this law has evolved to be the answer to disputes arising from uncertain property boundaries. Critics argue that this law goes against the paper owner's right to peacefully enjoy his property and runs counter to the UK system of land registration

With the Land Registration Act 2002, adverse possession itself will not bar an owner's title to property registered in his name. This act provides a new scheme for adverse possession that requires the vigilance of the landowner to maintain his ownership.

Adverse possession is defined as factual occupation coupled with the intention to possess. Factual possession has three essential criteria. It must be peaceable and open, meaning that the occupation must be obvious to everyone, including the true owner. The squatter does not have to be physical present in the land, because his occupation can be evidenced by grazing animals, for example. Secondly, the squatter's possession must be exclusive, meaning that everyone (including the true owner) is barred from the use of the property. Exclusion can be evidenced by a fence around the property, for example. Finally, the adverse possession must be without the true owner's consent. Consent means that a tenancy agreement or some other relationship has arisen between the true owner and the occupant.

The new law maintains the squatter's right to apply for ownership to be the registered owner after ten years of adverse possession. According to Schedule 6 paragraph 5 of the same law, the equity of estoppel works towards the squatter's favor. Thus, an application can be easily granted, provided it is not successfully opposed by the paper owner.

The law further allows the registered owner to recover possession of his land from a squatter. Proceedings can be commenced at any time a squatter is occupying his land. However, based on the principles of estoppel or if the paper owner is adjudged to be sleeping on his rights, a squatter may be granted ownership and possession. However, years of adverse possession by itself is not a defense.

The Land Registration Act 2002 also provides a new procedure for the squatter to gain ownership through adverse possession. A squatter can apply with the Land Registry after ten years of possession. The paper owner has 65 business days to object. Upon failure of the owner to object, the land will automatically be registered in the adverse possessor's name. However, if the owner validly objects, the Land Registry will reject the squatter's application and the true owner has two years to commence eviction proceedings against the squatter.

The Land Registration Act 2002 is definitely a step towards ending unjust land possession. Still, squatters still have rights that are more than any landowner would want. Therefore, landowners are advised to be vigilant and keep a close eye on the land they own in order to preserve their rights over their assets.

Parmdeep Vadesha is a property investment expert and founder of the largest community of property entrepreneurs on the web who buy below market value properties from distressed homeowners facing repossession, divorce and bankruptcy. He writes a monthly newsletter for over 70,000 property investors worldwide - http://www.Property-System.com

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Finding Free Foreclosure Listings

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Jayme Hanson

If you are one of the lucky people that can afford to purchase a house during these difficult economic times, you may want to consider looking at free foreclosure listings in your area and see if you can get a great deal on a new house for either yourself or as an investment. Free foreclosure listings are available from a variety of different places.

Do a search on the Internet and you will find a number of free foreclosure listings. Make sure the free foreclosure listing gives you the foreclosed homes and other properties for your specific state, and even your specific city or town. Having the information for your state and town will make it easier for you to go and see the property before you make any decisions or offers.

If you are interested in investing in real estate, free foreclosure listings are an excellent way to gather the information you will need to make a decision and possibly a purchase. Purchasing a foreclosed home is the best way to get started in investing because the homes are usually priced lower than their actual value, and you can find some real great deals when looking at foreclosed properties. If you have some experience in the foreclosure market, you may even be able to move beyond single family homes and find some apartment complexes or commercial properties that you can buy. Your options are practically limitless if you want to join the thousands of people every year that make a steady profit from investing in foreclosed real estate. Make sure you do your due diligence prior to your purchase of any foreclosed property.

Everyone wants to be able to make money from investments, and real estate investments are the easiest investments to get started with. There is room for everyone in the world of real estate investment, so don't get left out. Find a free foreclosure listing for your area and start looking. All it takes is a little time, effort, and money in order to turn a profit in real estate. But, you must be aware of the market conditions before you begin buying real estate. If the market is at a low point, you may be able to buy homes easily, but selling could be a completely different situation.

Do not invest in cheap properties just because they are cheap. If you are buying from a free foreclosure listing, you will also want to make sure that you get a home that is in a good neighborhood and can get you the most money in return on your investment. Invest in foreclosures so that you can come out making a profit.

Jayme Hanson operates an information site about Steps of Foreclosure. Articles include information on Avoid Foreclosure, Bank Foreclosure and Facing Foreclosure.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

FSBO Property -Free Listings for Real Estate for Sale by Owner

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by neeraj chhokar

As the real estate market is expanding like anything, the demands of FSBO property have been increasing simultaneously. FSBO property can be better defined as real estate property for sale by owner. The condition simply means that selling of real estate without involvement or assistance of any realtor. FSBO process includes selling anything from homes to houses to land. Home owners can save a great deal of their money through the system of for sale by owner real estate.

Advantages of Selling Through FSBO

First of all, you can get a free one month MLS listing for real estate, homes, and land that you intend to sell through for sale by owner method on various websites.

Secondly, the system can help you to save a good amount of money that may be spend on paying off the realtors for their services. Usually, real estate agents charge a typical fee of six percent on a real estate transaction. May be it sound very less but when you calculate in accounting terms, it may crib your pocket. By opting for sale by owner method, a person can save tens of thousands of dollars in his pocket instead of paying off to others.

FSBO is a win-win situation for any home owner. Both sellers and buyers can be benefited by this arrangement of property transaction. Selling through FSBO help you to initiate less paperwork and you can take the charge of whole affair of property selling. Whether you are buying or selling real estate property give a rty to for sale by owner method.

FSBO Quickens Your Home Selling Process
No doubt, FSBO can be a profitable situation for every home seller. The process quickens the whole selling process as one-month free listing in MLS can be obtained by various website. You can invite best selling prepositions and get handful of selling options and interested buyers to earn the desired profits.

For further information on FSBO (for sale by owner) and for sale by owner real estate, Please Contact 'By Owner' directly on 1-800-BYWONER or visit at www.ByOwner.Com.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Dallas Suburbs

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Zack Fair

You'll have no lack of attractive living options. One area to consider is the northwest Dallas suburbs. Many of the sought after suburbs are located in this area. These include: Coppell, Flower Mound, Grapevine, Plano. This area has become very popular because of excellent schools, plentiful restaurants and shopping and a less dense population.
Most of the suburbs all Dallas offer these characteristics:

• High ownership of homes - Most people who live in the Northwest suburbs own their homes. This contirbutes to a higher standard of living for this area.
• Some of the best school districts in Texas are located in the Dallas Fort Worth area. You'll experience peace of mind know that your kids are receiving the best education possible.
• Top notch colleges and universities are located throughout Dallas. If you are thinking about going back to school and starting your college education, you'll have plenty of choices within a reasonable driving distance.
• You'll find not problems locating apartments in Dallas. Scattered throughout Dallas are many upscale apartments that offering a wide variety of amenities.
• There are many desirable neighborhoods located in each suburb of Dallas. Every type of ambience is imaginable. You'll find contemporary, colonial and gothic styles of neighborhoods.
• Restaurants, shopping malls, entertainment and parks are in abundance.

Many love to live in the suburbs because it's less crowded. Families are able to spread out and enjoy the rural settings that many suburbs are able to offer. Getting to work is usually no problem because of the extensive freeway system. Dallas' publica transportation agency (DART) has rapidly expanded making if easier to commute to work.

Below is a list of Dallas suburbs and a short description of each:

Addison - Addison has excellent restaurants and great entertainment centers. This is a city that vibrates with energy and fun.

Arlington - Arlington is the center of the Dallas / Fort Worth metroplex. It is the home of the Texas Rangers, Six Flags Over Texas and will the the home to the Dallas Cowboys.

Carrollton - Gently rolling hills, a combination of older and newer homes and a young population are characteristic of this community.

Coppell - Coppell is conveniently located close to the DFW International Airport and the Dallas Dowtown business district. Coppell is home to a 116-acre park system which includes two lakes and scenic hiking and biking trails.

Euless - Euless is know for it dedication to vision and growth. It is only of the fastest growing cities of the DFW metroplex.

Garland - Garland is Texas' ninth largest city. It is located the North Eastern part of the Dallas metroplex. It is know for having excellent golf courses. Garland is located close to several recreational lakes.

Grapevine - Grapevine is named after the Mustand Grapes that grow in the area. Grapevine is home to the largest mall in North Texas. The Grapevine Lake affords the outdoor enthusiast with many outdoor activity options.

Irving - Irving is a significant business center for Dallas. It is home to Exxon-Mobile, Kimberly-Clark and Omni Hotels. Texas Stadium is located in Irving.

Lake Dallas - Lake Dallas is a small community located on the shores of Lewisville Lake. Lake Dallas has a small town charm with a revitalized downtown area.

Las Colinas - Las Colinas is a planned community and home to many Fortune 500 companies. Los Colinas is synonyms with luxury hotels, highrise office towers and private country clubs.

McKinney - Mckinney is an upscale community located north of Dallas.

Plano - In 2005, Plano was named the best place to lives in the Western United States by CNN's Money magazine. Plano has excellent schools and is home to many top corporations.

Richardson - Know for its abundance of restaurants, malls and movie theaters, Richardson is an award winning city with top-rated schools.
The Colony - The Colony is an unique city, master-planned back in the early seventies.

Zack Fair publishes articles for Rent-Dallas-Apartments.com, a website dedicated to promoting Dallas Apartments providing resources on Dallas neighborhoods , communities, and schools to people looking to live in Dallas.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Stay Safe With Contractors When Flipping Houses For Profit

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Brad Wozny – INSTANTRealEstateSolutions.com

Investors interested in refurbishing and reselling distressed properties often want inexpensive repair work, but it is important to avoid a contractor scam. Any contractor who offers significant discounts, makes large promises, asks for a lot of money up front, or wants to work without a contract should be avoided.

If you wish to start flipping houses for profit, you will need to work with contractors in order to rescue distressed property so that they're ready for resale. However, some scam artists prey on new investors, especially, by posing as contractors. Since a scam contractor can cost you thousands and can severely reduce any profits you might expect from house flipping, you'll want to watch out for:

1) Contractors soliciting door-to-door. Very few professional contractors need to do this. While some legitimate contractors may use this marketing technique, you have no way of tracing the legitimacy of a contractor who solicits this way.

2) Special prices or discounts that seem suspiciously low. Be especially wary if you are told that you must sign up right away in order to get special pricing. Be extra suspicious if you're asked to give money up front in order to qualify for the special pricing. Professional contractors may occasionally offer a discount, but they do not do so with a hard sell and they cannot afford to offer hugely slashed prices while also offering quality work. If someone is offering to do the work for a fraction of its actual price, you need to wonder where the corners will be cut. You also need to consider that some contractors who are scam artists will slowly increase the price of the work as they go along. Therefore, that surprisingly low figure will end up being a much overcharged amount by the time the job is done

3) Contractors who want to work with no contract. Some contractors will try to make it sound as though they work on just a handshake. You should never have any contract work done without a legal contract in place. A contract protects both you and the contractor, so any professional contractor will naturally want to have a contract in place. The contractor who does not have a contract in place knows that he or she can walk away at any time, since no official agreement was made.

4) Large down payments. About a third of the total cost of materials is generally the maximum down payment required. Be very suspicious of anything that requires a larger down payment.

5) Long-term warranties and lifetime guarantees. Coming from a contractor who has not been in business very long, these may simply not mean much because there is no guarantee that the contractor will be in business for very much longer. Also, many of the very long-term warranties only apply to parts, rather than labor. Therefore, you or your future house owners will still be responsible for large share of the costs of any repairs. If you are flipping houses for profit, you'll want to make sure that any warranties can be transferred over to the new owners as well.

6) No business address. Look out for contractors who only have a PO address, a single private phone number, or no good way of getting in touch. These people can easily disappear overnight. Look for contractors with an established retail business or an address that has been around for at least a year or more. Make sure that you can track down the contractors if anything does go wrong. When flipping houses for profit, the last thing you want to have to deal with is a shoddy repair job and a contractor who has suddenly skipped town.

"Want To Generate $7,000 in the next 7 Days?"

Click Here Now to Watch How Investors are Finding, Funding, and Flipping Real Estate Deals Online at North Americas' ONLY source connecting you to residential wholesale deals, private real estate investor partners, and investment financing to accelerate your wealth.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Fort Lauderdale Real Estate: Health Of The City's Condo Market

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Vanessa Doctor

The popularity of Fort Lauderdale as a prime tourist destination has been in the works since the early 70's. As the word spreads around, many are migrating into the region either to settle down and enjoy the beauty of the city, or to add their own muscles to the growing demand of manpower.

Young professional who are planning to stay in Fort Lauderdale are targeting the city's horde of condominiums for home acquisition. Both local and foreign investors are showing interest in having the luxury of a Fort Lauderdale condo unit.

The Status Of Fort Lauderdale Condos

As with most case in condo acquisition, the prices of each can affect our decisions greatly. Even if the prices soar to eye-bulging heights, we might even consider it if it's worth it or not. But in truth, the mortgage bust that hit the state contributed to the steep decline in Fort Lauderdale real estate, and so is their market value.

The rising number of foreclosure and overbuilding added to the rising number of unsold homes in the area. But despite the rising demands, the prices are still going down every month. This is an opportune moment in getting your hands on prime properties at lower price.

You might want to hurry up in acquiring your own condo unit since the declining condo prices did not go unnoticed to the eyes of foreign investors. Canadians and Europeans have been eyeing these condo units ever since the U.S. currency devaluated, and are moving out buying these amenities left and right.

Acquisition Of Condo Units

It is true that foreign acquisition of these luxurious condos is on the rise since the early months of 2007. Local buyers are now biding their time for the prices to go a bit lower before coming out into the open and buying them out. The main reason for this is to make the profit margin a bit larger by selling out when the prices of these real estate goes back to normal.

If you are in the mind of acquiring Fort Lauderdale Condo units, then you better start early if you don't want to wait in line. The best way to start your search is through the Internet. Since most real estate firms are now going online with their venture, you can easily find the best Fort Lauderdale condo that will fit your needs. It's better than running around on foot, if you know what I mean.

Next, if you have an idea on what condo you wish to acquire, give them a call or a visit, if you will, and ask for complete price quotes with their assortment of condo units. You may even want to check out their mortgage rates and pick one out that's well within your budget. Rather than checking out the images, you might want to as a tour of their condo units and get a first-hand experience on its feel and look.

Vanessa Arellano Doctor


Fort Lauderdale Real Estate
Miami Condos

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

The Real Estate Short Sale- How It Works

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by

If real estate investing is new to you then you might wonder what the term "short sale" means. You might also be thinking, in a market that exists today, what short sales could offer you in the way of opportunities.

The best way to describe short sales is with an illustration:

The loan on a home is greater than the price the owner can sell it for. Let's assume that the unpaid balance of the loan is $140,000 but the house won't sell for more than $120,000. Obviously this is not an ideal scenario for the owner or for the lender. It means the lender is at risk of losing money and that's not something they want! In order to have minimal losses, the lenders agree to accept less than the total amount due. In this illustration, the lender considers the $120,000 as payment in full. Now it's clear that this amount is "short" of the full $140,000 payment. You can now see where they derived the term "short sale".

Why in the world would a lender consider a short sale? Well, there are many reasons often related to "hardship cases"; e.g., the homeowner has permanent injuries; financial insolvency; convictions; job layoffs, etc. In such cases, lenders are willing to consider a short sale as part of their "loss mitigation" policy. However, lenders don't go into business to lose money, so they consider short sales a last resort. Foreclosure can be a better option for them.

So, should you consider short sales as a money-making opportunity?

Well, good deals can be found in short sales, but it's a much more complicated process than conventional real estate sales. It's made complicated by the fact that there are so many factors involved: - The loan mitigation policies of the lender and third-party investors - The borrower's financial condition - The property's as-is value an as-repaired expenses - Approval for short sale needs to come from the investor who is actually the owner of the loan.

So, how do you know if a short sale is worth pursuing? Here are the steps to follow in order to make that determination:

Step 1: Identify potential short sale properties (e.g., contact a listing agent, check the public records, etc.). Step 2: Check the lender's loss mitigation policy. For example, if they deal with short sales on a fairly regular basis, they're a good choice. If, on the other hand, they seldom or never accept short sale offers, don't waste your time. Step 3: Determine the number of liens recorded against the property and the total amount of money in those liens. Step 4: Determine the borrower's present financial condition. Step 5: Analyze the type of loan that's in default and its current status. Step 6: Determine both the property's as-is market value and its as-repaired value. Step 7: Analyze current real estate market conditions.

Once you've followed all these steps and determined that a short sale is worth pursuing, then you'll need to take further steps. First, keep in mind that all short sales are cash transactions. This means you'll need to have cash on hand and verifiable proof that you have that money. Otherwise, the lender will not do business with you. Follow these steps:

- Contact the homeowner who's in foreclosure and determine the homeowner's financial condition.

- Determine the property's condition.

- If you conclude that both the financial and property condition are suitable, ask the homeowner to give you written authorization to contact the lender's loan loss mitigation department.

- Contact the decision-maker in the loan loss mitigation department of the lender and provide him or her with a copy of the authorization signed by the homeowner. Discuss the short sale and ask him or her to send the appropriate short-sale documents to the homeowner.

- Instruct the homeowner to compile all documentation in order to prove financial hardship.

- Get repair cost estimates from at least three licensed home improvement contractors.

- Assess the value of three similar neighborhood properties sold in the last six months (a comparable value study).

- Return the short sale proposal to the lender's decision-maker. It should include a signed purchase agreement for a percentage less than the amount owed to the lender; e.g., 20%, 30%, less, etc.

- At this point, the lender's decision-maker reviews your proposal and orders a BPO ("broker's price opinion") to determine the property's as-is and as-repaired values. The decision-maker either accepts your proposal or rejects it.

- If the decision-maker thinks a short sale is appropriate, he or she makes a counteroffer.

- You accept or reject the counteroffer.

- Assuming you accept the counteroffer, you close on the transaction within 30 days.

One last point: Short sales can't be made to relatives, family members, or close friends of the homeowner. If a lender later finds out after the sale that, say, the homeowner's sister bought the property, then that lender can sue to have the sale overturned.

My advice: Approach short sales with caution and be prepared to put in a whole lot of work in order to make them succeed.

Jack Sternberg

Jack Sternberg is a nationally recognized expert on real estate investment and the creator of the renowned "Buyers First Program" who's been in the business for more than 30 years. Sternberg's deals have totaled over $750 million and he's been to the closing table more than 1,500 times. For more, visit http://www.askjacksternberg.com

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Los Angeles Foreclosure Homes: Winning Property Investments

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Philip. Smith

Los Angeles has always been a desirable city, especially for homebuyers and real estate investors. But these days it seems that making a real estate investment here is riskier than ever. We constantly hear about the struggling real estate market in California, and with home values bottoming out across the nation, it can be difficult to tell when and where investment value will begin to rise again. That's why Los Angeles foreclosure homes offer such an interesting option.

Buying Los Angeles foreclosure homes involves a different process than buying other types of real estate, as they are sold off by mortgage lenders to collect debts. However, the process is easy to learn, and once you do, you'll find discounts of anywhere from 10 to 50% off market value at almost every sale. Buying below market value is the one way to ensure instant investment value in a tough and uncertain market.

The market for Los Angeles foreclosure homes is thriving these days as well, offering plenty of chances for discounted home purchase to buyers. In the past year alone, foreclosures in the area have increased by over 90%,and with 2008 predicted to be one of the biggest years on record for foreclosures, finding deals can be quite simple.

Try searching for Los Angeles foreclosure homes with a trusted online listings service like ForeclosureDeals.com to find out what's available. ForeclosureDeals.com can be especially helpful, as they provide detailed listings and plenty of tips and info on buying for the best prices.

Philip Smith has been educating buyers on the finer points of Los Angeles Foreclosed Homes purchase at ForeclosureDeals.com for over nine years. Click here to visit and read more advice on buying discount real estate.

Article Source: Los Angeles Foreclosure Homes: Winning Property Investments.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Los Angeles Foreclosure Homes: Winning Property Investments

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Philip. Smith

Los Angeles has always been a desirable city, especially for homebuyers and real estate investors. But these days it seems that making a real estate investment here is riskier than ever. We constantly hear about the struggling real estate market in California, and with home values bottoming out across the nation, it can be difficult to tell when and where investment value will begin to rise again. That's why Los Angeles foreclosure homes offer such an interesting option.

Buying Los Angeles foreclosure homes involves a different process than buying other types of real estate, as they are sold off by mortgage lenders to collect debts. However, the process is easy to learn, and once you do, you'll find discounts of anywhere from 10 to 50% off market value at almost every sale. Buying below market value is the one way to ensure instant investment value in a tough and uncertain market.

The market for Los Angeles foreclosure homes is thriving these days as well, offering plenty of chances for discounted home purchase to buyers. In the past year alone, foreclosures in the area have increased by over 90%,and with 2008 predicted to be one of the biggest years on record for foreclosures, finding deals can be quite simple.

Try searching for Los Angeles foreclosure homes with a trusted online listings service like ForeclosureDeals.com to find out what's available. ForeclosureDeals.com can be especially helpful, as they provide detailed listings and plenty of tips and info on buying for the best prices.

Philip Smith has been educating buyers on the finer points of Foreclosed Homes purchase at ForeclosureDeals.com for over nine years. Click here to visit and read more advice on buying discount real estate.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Chicago Foreclosure Homes Showing Excellent Value Potential

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Philip. Smith

When it comes to finding good values on real estate these days, the market can be pretty tough. Property values have fallen off nationwide now that the housing market has collapsed, but while prices are low as a result, it's also impossible to tell when these properties will start to have appreciating value again. Therefore it's hard to have confidence in an investment, which is why so many people have turned to the market for Chicago foreclosure homes.

Chicago foreclosure homes are very interesting real estate commodities. Sold by lenders as a means of collecting an outstanding debt, many buyers simply overlook them as they are not traditionally advertised publicly. However, with most Chicago foreclosure homes going for discounts ranging from 10 to 50% off their actual market value, more and more buyers have started to take notice of this opportunity for instant value, especially in today's uncertain market.

Chicago is a beautiful city, with plenty of chances for finding homes that will have great value once the market turns around, and with Chicago foreclosure homes currently booming, there are great chances to buy for less. Between late 2006 and late 2007, foreclosures increased by over 100% city wide, with the hardest hit areas being the historic South side and posh West side neighborhoods. These areas have great potential for growth, and thus present excellent investments.

A good place to learn more about Chicago foreclosure homes is ForeclosureDeals.com, where you can perform searches for listings all over the city, as well as learn a great deal about the buying process and what it takes to make the best investments possible.

Philip Smith has been educating buyers on the finer points of Chicago Foreclosure Homes purchase at ForeclosureDeals.com for over nine years. Click here to visit and read more advice on buying discount real estate.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.

Cyprus to pull them in?

Subscribe in a Reader

DON'T FORGET TO COMMENT ON THIS ARTICLE

by Jim Barnaby

Cyprus has been one of the apparent success stories in overseas property investment terms in recent years, with rising prices, the economic kudos of first joining the European Union and then adopting the euro as its national currency, followed by the tantalising possibilities for the future that reunification with the Turkish north could bring.

In the midst of it all, the appeal of Cyprus has not been too hard to talk up, given its position in the Mediterranean with plenty of sun, sea and sand, yet with a rich cultural and archaeological history created by the presence of so many civilisations.

Yet surprising as it may seem to some, the tourist industry on the island has taken a dip in recent years, not something which buy-to-let investors owning property in tourist areas may want to hear. But, the Cypriot Financial Mirror reports, the Cyprus Hoteliers' Association and the Cyprus Tourism Organisation both expect the trend to improve, quoting research from the former organisation's trade magazine and expressing the view that the credit crunch will not deter tourists from Britain and the US.

Of course, the question some will ask is that of how good the Cyprus tourist industry actually is. There is currently a major advertising drive underway involving tennis star Marcos Baghdatis and UK viewers may have seen the adverts on TV, but the presence of quality facilities matters for those tourists who want a little more than just a few natural attractions and the near-guarantee of hot weather.

For that reason it may be reassuring to hear that the Colombia Beach Resort in Pissouri Bay has been nominated for two World Travel awards, Easier reports. The presence of five star hotels in such locations may be a clear implication that the Cypriots are not pitching themselves low.

More importantly, the presence of high-quality Cyprus property for investment to buy is also present. The Daily Telegraph reports that the sort of property that is available for overseas buyers includes examples such as the newly-built Vikla village above Paphos Cyprus Property for as little as €260,000 (£203,000), with this particular instance involving a buy now-pay later deal.

How the Cypriot tourist market performs this year is, of course, something that remains to be seen, although many European visitors will enjoy not having to change currency before flying in. But further growth in the industry - whether stimulated by advertising or changes in taste that see visitors try the country as an alternative to other Mediterranean destinations - could see the property market boosted yet further.

In today's world Property investment is an excellent investment option especially investment in UK

Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.