Wednesday, April 30, 2008

Austin Area Real Estate

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by Jason Crouch

Austin has grown pretty dramatically over the past couple of decades. In fact, since 1990, Austin's MSA (Metropolitan Statistical Area) has roughly doubled in population during that period, from about 846,000 in 1990 to over 1.5 million today. Despite this fact, I find this market to be quite manageable in its entirety. Our team handles sales throughout central Texas.

I have had home buyers and sellers ask me which areas of Austin and the surrounding area I actually work. Additionally, I had an agent in California ask the same question of me a few days ago. I thought it might be helpful to provide a list of all of the towns/areas we cover.

Basically, I have assisted buyers in just about every Austin MLS area (i.e. every part of Austin), as well as the following towns in central Texas:


Round Rock
Pflugerville
Cedar Park
Leander
Georgetown
Liberty Hill
Rollingwood
Westlake Hills
Spicewood
Lakeway
Volente
Lago Vista
Jonestown
Manchaca
Dripping Springs
Driftwood
Wimberley
Bastrop
Buda
Kyle
Manor
Elgin
Coupland
Jarrell
Hutto
Taylor
Any homes on Lake Travis or Lake Austin


With regard to listings, we will consider most of the above areas, depending on the circumstances.

I hope this is helpful. As you can see, "Austin real estate" actually covers many, many outlying areas.

I am personally of the mindset that Austin is not too large to handle the whole thing pretty easily, particularly when it comes to representing buyers. In larger cities such as Dallas or Houston, this is much more difficult to achieve.



So, if you are looking to purchase in any of the above areas, please feel free to give me a call. I cannot guarantee that this is a comprehensive list, so if you're not sure, call me anyway. If I can't help, I can find someone who can.


If you are an agent with a referral that you are looking to send our way, I will promptly pay a 25% referral fee upon closing.

I have also handled several corporate relocation accounts, including St. Jude Medical and ERCOT, so I would consider relocation to Austin to be among my specialities.

If you have any questions, or if you are considering a move to this area, call me anytime at 512-796-7653 (cell) or email jason@austintexashomes.com. I look forward to helping you find the right home!

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Tuesday, April 29, 2008

Real Estate Investing: How To Get Motivated Sellers

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by Dr Green

You really want to find motivated sellers for real estate investing? Put a gun to their heads. That'll give those sellers a chance to suddenly find their motivation. But, unfortunately, putting a gun to someone's head is illegal. There's nothing like an assault with a deadly weapons charge to put a damper on your real estate investing.

So, you have to resort to legal means to find motivated sellers. Despite a slew of advertisements on the web and in pint, there is no easy answer for succeeding in real estate investing. Expect to put in long hours and hard, migraine-inducing work in order to make a profit. However, this is the best way to learn any skill.

Who Are They?

Just what makes a motivated seller (or buyer) any different from any other real estate seller or buyer? "Motivated seller" is a euphemism for someone who knows more than the average person about real estate investing. It also means they are willing to negotiate in order to sell. They are to be distinguished from the average person who is just curious what he can get on the current market, or who will only sell under strict circumstances.

A motivated seller in real estate investing could mean that they are desperate to sell, but it also means that they could be experts in negotiation, are beginning the foreclosure process or are thinking of removing the property from the listings altogether. Think of motivated sellers as really successful used car salesmen. You will not be able to pull any kind of wool over their eyes.

Why would you want to find a motivated seller when you're into real estate investing? They are truculent, argumentive and going to give you a hard time. However, they are also the ones who will wind up eventually selling you the property you want and often at your price. They need to get rid of the property that they have.

Finding These Guys And Gals

There are many online newsletter services that claim to do all the work or finding motivated sellers for any real estate investment newbie. Don't believe them. Sure, they will find you some motivated sellers, but you will find them anyway if you concentrate on the property and not the on the seller.

The best way to find motivated sellers in real estate investing is to not look for them. Then, they show up like buses. Whet you need to do is concentrate on the property available. First off, is the property worth buying in the first place? Is it within your price range? How much fixing up does it need?
Location, Location, Location

In order to select the property that you are going to work to buy, you need to consider the location it's in and the real estate market in that particular area. Select the area before you select an individual property to target. Once you've hit a target area, then you can get to specifics buy looking at real estate listings and even doing a direct mail campaign for that particular area.

If you do a direct mail campaign, make it short and sweet. A regular (and economical postcard) with the necessary information is all people will need to see. And people can will se information on a postcard immediately as opposed to having to open an envelope. People will often not even bother to open an envelope from an unknown or unfamiliar return address, just assuming its junk mail.

When you concentrate on a location and get the word out that you are interested in buying for this location, then the sellers will come to you like flies to rotting meat.

To receive more free articles like this please visit: http://www.HappyToBuyHomes.com http://happytobuyhomes.com/recommends/25expertbook/

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Monday, April 28, 2008

Real Estate Investing: Simple Ways To Make More Deals And Earn Greater Profits

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by Dr Green

If you surf the Internet and read books on real estate investing you will come across a lot of useful information, though the majority of these sources concentrate on providing information on just one particular sphere of investing. Thus, if you are looking to find out more about real estate investing in general you may not come across too much information and so you would be at a loss when it comes to formulating the proper strategies by which to profit even more out of real estate investing.

Not A Get Rich Scheme

It should be clearly understood at the very outset that real estate investing is not a scheme that makes people rich overnight and that too without expending much effort. On the contrary, real estate investing means putting in a lot of hard work and it will also take time before you realize your objectives. It also requires that you perfect certain techniques and combine them with your experience so that you act in the best possible manner at all times.

One way of getting ahead in real estate investing is through rental properties because being a landlord is an activity that has been known to man for many a long time and it has always helped one to earn good money. It is however something that does not happen too often because you don't want to rent out your property on a short-term basis (in most cases). You can also profit from a technique known as lease optioning in which you get to control the property without actually becoming its owner. The best part about this form of real estate investing is that you can earn money in more ways than one and never have to spend your own money in the process.

Also, real estate investing could also mean going out looking for more deals because as you will have realized, the more deals you are able to close the more money you will end up earning. You can also wait for a good deal to come your way and whether you are a pushy investor or one who is patient and waits for deals to come your way you will need to be very persistent if you want to succeed in this form of investing. Thus, you should talk to as many owners as you can because the more deals you make the greater the amount of money you will have earned.

Once you realize that the more deals you close the more money will come your way you need to focus your real estate investing efforts in a few simple yet effective directions. First off, you need to try and buy properties from private owners since it will allow you to bypass competitive buyers who usually throng auctions looking for bargain buys. Also, private owners may be facing foreclosure and thus would be on the lookout for a buyer so you can land some sweet deals in this novel and effective way.

You can also profit in real estate investing by selling and leasing back. A source worth tapping out in this regard is businesses that have bought properties during boom periods but who are now facing liquidity problems. If you have the cash, such businesses will be willing to do business with you and you can then buy the property and then lease it back to the company and expect a nine to ten percent return on your investment.

However, foreclosures are a better option because you can get the property at knock-off prices and then make a good profit by selling them later, when the time is right. Using these simple strategies, you should not face any problem with increasing the volume of your real estate investing dealings and as you will have more properties on hand chances are that you will be able to convert them into more profits by making as many deals as you can.

http://HappyToSellHomes.com http://happytobuyhomes.com/recommends/25expertbook/

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Friday, April 25, 2008

3 Tips When Pricing Your Home

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by Jason D

When buying a home for the first time it is most likely the biggest financial decision you have made thus far. Now you are at a point when selling your home, for what ever reason, is just as big of a financial decision as buying. No matter what the reason for selling your home you still want to get as much of your investment back as possible. There are 3 key points to consider when pricing your home, market conditions, targeting, and price.

Having a good understanding of what the local real estate market is doing is important when determining to put your home up for sale. Depending on your circumstances it may be wise to hold off until the real estate market conditions improve. However, there are times when you need to sell your home as quick as possible. When the real estate market is humming with activity and there are more buyers than sellers of quality homes you will likely get more return on your investment when selling your home. Just the opposite may occur when there are more sellers than buyers. Different times of the year can affect both buyers and sellers. By knowing the effects of the seasons on the real estate market you may find your home will sell at a higher rate of return during that time frame. For example, during the spring and summer months there tend to be more sellers which, makes the market highly competitive. However, if you list your home in the fall and winter months there may be less competition especially if the climate is harsh.

In order to sell your home you have to have the resources to target potential buyers for your property. Real estate agents have the ability and know how to do just that. With the use of media, technology, and networking real estate agents can give your home the exposure needed to sell your home. The Internet has become a powerful tool in today's real estate market for getting your home in front of potential buyers. If you home is not listed in with the local real estate listing service you could potentially be cutting out 75% or more of interested home buyers.

Finally, the most important thing to consider when selling your home is price. Typically, when the home you are selling on the real estate market is well priced it will sell quickly. Buyers these days are well educated and they typically use real estate agents to find homes that fit their needs.

Jason Deines is a life long resident of Boise, Idaho and provides real estate information on the Boise Idaho Real Estate Market for both buyers and sellers. Visit http://boiserealestateinfo.net to get started.

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Thursday, April 24, 2008

Land Repossession in Spain Continues

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by Amy Morgan

Spain is the second most popular destination for tourists in the world after France and is the most popular location for Northern Europeans to own a second home. It is thought that there are more than one million UK citizens in Spain with most of them living on the Spanish costa.

Approximately forty per cent of the Spanish coast is built on, with many of the buildings constructed without the proper planning permission. The Environment Ministry has now launched an operation to protect the coast and clear buildings from more than 400 miles of coast.

The move sees the Spanish government using the Ley de Costas law, passed over twenty years ago, to reclaim the first 550 meters of the coast. The plans apply equally to buildings constructed without planning permission and those legally built. The plans seem also likely to apply to bars, restaurants and hotels erected along the seafront.

The decision of the government to apply the 1988 Ley de Costas law has been widely criticised and pressure groups have been set up to oppose the government. The move first announced in November of 2007 has resulted in many property owners being notified that their property is targeted by the scheme.
Some owners have already had the ownership of their property {{{removed|taken away}}, but have been permitted to stay on the premises on the agreement that the property cannot be sold or inherited.

A pressure group formed in Madrid now has over 20,000 members many of them non-Spanish citizens. The head of the action group Jose Ortega said "This is the single biggest assault on private property we have seen in the recent history of Spain" and he added "The state is destroying property without any concern for the law or human rights".

It is also alleged, that by applying the 1988 law retroactively to property built and purchased in the 1970's, that the government is acting unlawfully in an unlawful manner.

The Spanish property market has always had a reputation for political corruption, with local officials accused of taking bribes in exchange for planning permission. With this move the central government has shown it will no longer tolerate building on the coast no matter how good developers' connections with local officials are.

So far 1300 buildings built without planning permission have been demolished since the government come to power, with many more owners being issued with 60 year licences allowing occupation of the property for that period without the right to sell to individuals (they may however sell to the government). The multi billion euro scheme to improve the Spanish coast will no doubt add to the beauty of an already stunning area but the cost to the residential tourist market will no doubt be high.

These moves come at a time when the once high performing Spanish investment property market has cooled considerably, largely due to rising prices and the development of Eastern Europe as a property hotspot. When once, Spain afforded the prospect of cheap property and a comparatively cheap standard of living to northern Europeans, now investors are inclined to look further afield for bargains. The governments' move is likely to have a negative effect on an already struggling property market.

Amy Morgan is a writer writing on Spanish property law for Big Property Guide

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Wednesday, April 23, 2008

Discover the Greatest Secret of Foreclosure - Overage

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by Dave Dinkel

Possibly one of the best kept secrets in the foreclosure industry is "overage". Overage is the amount of money left over after a foreclosure auction when the buyer has paid more than the lender's final judgment. This money can be as little as a few dollars or as much as millions of dollars.

Depending on which state the homeowner lives in, his foreclosure sale will be conducted by a sheriff, a trustee, or a county clerk of the court. As prescribed by law, the person in charge of the auction will sell the property to the public with "open outcry bidding" until the property is sold or redeemed by the lender. The location is usually on the courthouse steps or similar convenient place that is readily accessible to the public.

Normally the first bid on a property is by the primary lender who bids his final judgment amount as awarded by the county court plus $100. The next bid will come from an interested party to the property such as a junior lien holder or an investor who believes there is equity in the property. These bids will continue until the last bid, which wins the property.

Let's assume the final judgment on a property is $100,000 and the bank bids $100,100 and some bystanders start bidding until the final bid is $120,000. The lender submits his final judgment documents to the county clerk and the winning bidder must bring in cash anywhere from the same day to 30 days later, depending on state and county laws. Once the funds are in the courthouse and any redemption period has passed the lender gets his $100,000 and the buyer gets a deed to his property. A redemption period is a specific period of time from 1 day to 454 days, where the foreclosed homeowner can return with money to get his property back if he pays the buyer his costs plus fees and expenses. In some states there is no redemption period.

The clerk of the court has taken in $120,000 plus some transfer fees and paid out $100,000 and has a $20,000 credit in his bank account. The homeowner is entitled to this "overage" money. The homeowner has to make a claim to the county clerk and the court usually reviews these claims and awards the homeowner his money. This is an ideal world scenario, but in the real world, the homeowner may not know he has money coming to him and these funds eventually become the county's money.

Here is what has happened - a homeowner is approached by a person one or two days before the foreclosure sale and is offered $100 for a deed to his home. If the homeowner knows he can't stop his foreclosure sale and redemption is not possible, he views the $100 as free money. The buyer pays $100 and proceeds to go to the auction and perhaps even puts in a bid or two to get the price higher. If he won by accident, he can renege on the bid and it reverts to the last bidder. Let's look at the above example where the overage was $20,000, which is a very common amount. The "new" homeowner makes claim to the court and his $100 investment becomes $20,000.

This practice was and is very common in good real estate markets and where the state hasn't passed legislation to stop this practice. It is not illegal in many states and even in the ones where it is illegal, the states allow some form of "commission" or fee to be paid to a person who brings in the seller to reclaim his overage. At one courthouse I frequent for auctions, there is a group of 4 - 6 individuals gathering the data from the clerk's sales to use for later sending out letters to sellers to claim their overage. The usual fee is 10% of the total amount and can be very lucrative because the average overage is about $21,800.

What does this mean to a homeowner in foreclosure? It means that despite what you may think your home is worth, it could be sold at auction for more than is owed to his former lender and he is entitled to whatever money is remaining - the overage. So don't sell what you think is a worthless deed because on average it could be worth over $20,000.

Occasionally, the lender will get a final judgment against a homeowner by appraisal and not by sale because this is allowed in some states. The homeowner should always challenge this appraisal and have the judgment reduced if the property sells for more than the final judgment amount later. The moral to this story is that even in the worst of foreclosure situations, the loss of your home, the homeowner still has a chance to make money.

About Author:
Dave Dinkel is the author of "32 Ways to Quickly Stop Foreclosure" and has helped thousands of foreclosure victims for nearly 33 years. If you are facing foreclosure, visit StopMyForeclosureMess.com for guaranteed solutions.

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Monday, April 21, 2008

Austin Neighborhood: North Loop

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by Dane Smith

Just north of Hyde Park, with approximately 1400 homes, lies the neighborhood of North Loop. Also referred to as "Northfield", the North Loop neighborhood boundaries are 51st street, Lamar Boulevard, Airport Boulevard, and Koenig Lane.

Like many of Austin's central neighborhoods, North Loop got its start once soldiers began returning home from World War II. Other soldiers cashed in their GI Bill, and attended the university to get a college education. With the mass influx of people moving to Austin in the late 1940s and early 1950s, more homes had to go up quickly. The majority of the homes in North Loop are relatively small 2 bedroom, 1 bath homes hovering around 1,000 square feet. The homes went up quickly to meet the demand, but the quality of the craftsmanship has stood the test of time, and most of the original bungalows still stand 60 years later.

As Austin became more popular, and air travel more frequent, North Loop was considered a fairly undesirable neighborhood, as it lied in the heart of the flight path, when Robert Mueller airport was in operation (reveling in this fact is one of North Loop's premier coffee shops called Flight Path). In 1999, when Robert Mueller shut down, and Bergstrom took over as Austin's new airport, North Loop became a highly sought after neighborhood, with its close proximity to the UT campus, and about 5 miles from downtown. Some houses in the area doubled in value almost immediately.

North Loop truly has an Austin vibe about it. There is an eclectic mix of neighbors, from original residents, to college students and business owners, who all come together to embrace their neighborhood, keep the large yards and old trees looking pristine, while keeping a nonchalant attitude that gives the area a relaxed air about it.

The heart of the neighborhood is the North Loop strip, a row of all local and independent restaurants and retail shops along North Loop Boulevard, with many of the shop owners living in the area. Don't expect fancy upscale boutiques, but instead a few second-hand retro furniture and clothing shops, chocked full of unique items, as well as a bike shop, a record store and a coffee house. The strip is also home to Austin's volunteer-run, and self-proclaimed Anarchist bookstore, MonkeyWrench Books, and risqué lingerie shop, Forbidden Fruit. The Parlor is a pizza place that serves up delicious pies with designer toppings, such as goat cheese, spinach, and smoked chicken, but also hosts punk rock bands every night of the week. The North Loop strip became an "Independent Business Investment Zone", a program set up by the Austin Independent Business Alliance to help promote independent business districts in the city. Every quarter, the strip holds block parties, bringing in bands to perform on the streets, in store sales, and other entertaining events.

Last year, Endeavor Real Estate had plans to build a 260 unit apartment complex, with an additional 5,000 square feet of retail space in the North Loop area. With an almost 50 percent division amongst the neighbors, the plans were opposed, and Endeavor halted their plans. Though neighbors have mixed emotions about changes in their neighborhood, it's this very passion that makes North Loop a tight-knit community.

Escapesomewhere Real Estate is a full service realty company. Their website is filled with information about the Austin real estate market. They also provide visitors a free search of the Austin MLS along with a free mortgage calculator

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Friday, April 18, 2008

Forecasts For Miami’s Condo Market In 2008

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By Vanessa Doctor

The conditions in the city of Miami these days have been interesting lately, and despite the predictions of doom, it's a fact that this surely is a gloomy year, but it won't be like that for long, according to analysts.

The conditions in the waterfront condo market are not that stellar, as are most markets, as a lot of buyers continue to wait in the sidelines, looking for prices to considerably fall and are waiting for signs that the market is improving.

An Influx Of Overseas Buyers Is Keeping The Market Afloat

According to local property brokers, the area's condo markets are seeing dramatic increases in the numbers of purchases made by overseas investors, especially by Canadian as well as European buyer, largely because of the weakening of the US dollar, which many note will remain that way well into 2009.

The city's luxury waterfront market has also yielded surprising results for this year. In the first quarter of 2008, there were 289 luxury condo sales from January 1 through today. Around 112 of these sales have closed, while 177 are in the process of closing. These condo units are located in areas such as Miami, Coconut Grove, Miami Beach, Bal Harbour and Sunny Isles

The 112 closed sales were valued at $195,384,000, or about $1,744,500 per unit. According to brokers, the average selling price was pegged at $554.94/sf.

Tips For Condo Buyers In This Area

Seasoned real estate brokers have a few words of advice for buyers in a down market like today. First, prospective buyers should look for condos wherein the seller bought the unit prior to 2004, this is because the seller will have a lot more space to negotiate as compared to someone who purchased it after 2004. Lastly, buyers should carefully observes for price drops, and forget about trying to buy foreclosures, since many analysts see these buys as more thanoften not good deals, because the banks that took over these properties still need to recover their expenses, which will generally reflect in the selling prices.

Miami Condo Market Predictions For 2008

According to South Florida real estate analysts, for 2008 a lot of significant events will take place, which will help to reshape the area's property markets. They forecast home prices to fall by at least another 15 percent, and that individual foreclosures will increase 300 percent from last year, when they already soared.

Around half of all new condo buyers this year will walk away from projects by the time they reach completion, and bankruptcies by developers and lenders will escalate further, to the point that they become common. The analysts also predict that a number of lenders, appraisers, and brokers will be indicted for mortgage fraud this year. Lastly, government moves at bailouts and interest rate cuts will be only temporary stop-gap measures, that will not stop but merely delay the coming recession, which many fear will be declared by the third quarter of the year.

Rehabilitating the housing market and bailing out homeowners in danger of foreclosing their homes has become the major concern of politicians, lenders and regulators. The economic stimulus package approved by Congress earlier this year, could slightly help boost home sales in South Florida's stalled housing market.; however some observers say that it will be of little help for homeowners who are suffering from negative equity and area mired between falling prices and foreclosure. The plan, skeptics say, also won't help lower and middle income homeowners seek help in a depressed market.



Vanessa Arellano Doctor


Miami Beach Condos
Miami Real Estate

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Thursday, April 17, 2008

What To Consider When Choosing a Majorca Property

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by wood1e

There are a great number of towns and villages on the island in which to find your dream Majorca property, however most of the island doesn't come cheap!

Where you choose to buy your Majorca property will depend on a number of factors. First and foremost is your budget – there's no point in looking at properties which cost €1 million if you only have a budget of €100,000 although that's not to say it wouldn't be fun looking at them anyway! It's always easier to get a little carried away when you're looking at properties in a foreign country, but you really must set yourself a budget and stick to it, after all, if you have to secure a mortgage you won't be offered one if the figures don't stack up.

Your budget will determine to a large extent where exactly you can buy a Majorca property. The island is becoming more and more expensive as it develops from a typical tourist destination into a chic and classy place to own a second home and as such there are many 'exclusive' villages and towns around the island now. Places like Deia and Andratx are highly sought after, so with a limited budget it's unlikely that you could buy here.

There are still towns in which you can pick up an affordable Majorca property too though, and with a little research you can determine whether these might be the right places for you.

An important factor to consider is who are you buying this Majorca property for? If you're solely looking for an investment, a place to rent out, your requirements are going to be quite different to if you're looking for a holiday home for yourself and your family.

Even with an investment property there are still many things to consider – location is very important: many people will be visiting Majorca for the sun and the sea so you may want a Majorca property on the coast. On the other hand, Majorca has some stunning mountain scenery too and there will be demand for a quiet and peaceful retreat up in the mountains. A place like this may command a higher weekly rental rate, but could possibly be a little more difficult to rent out if it's very rural.

Whatever kind of place you're looking for, you're sure to be able to find a Majorca property which perfectly fits your needs! Consider your budget, location and whether it's an investment property or solely for you and your family before you decide which Mallorca properties, are the right one for you.

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Wednesday, April 16, 2008

Foreclosure Homes for Less: Savings and Investment

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by Philip. Smith

In today's real estate market, it's difficult to find anything that can be considered a truly worthwhile investment on the open market. Property values have fallen and lost investors lots of money, and no one is sure when the market will turn around and homes will begin to nave appreciation value again. But one market remains that can still offer huge investment values, and is actually thriving, and that's the market for foreclosure homes.

Foreclosure homes are unique properties that are sold off by mortgage lenders as a means of collecting an outstanding debt owed by a previous homeowner. As a result, the lender often allows for foreclosure homes to be undersold merely to recover the debt amount, which leads to buyers finding great discounts on properties of great quality. Prices at auction can fall anywhere from 10 to 50% off market value, creating an opportunity for both savings and ensuring great investment values on a wide range of property.

Foreclosure homes are in plentiful supply all over the country. The nation is currently experiencing a foreclosure boom, as the nation rate has risen over 40% in the past year along, and there are thousands of properties currently available in every state. Anyone can learn to find and buy them, and they may be the closest thing to certain value you can find on the market today.

Give foreclosure homes a try by searching for them in the areas that interest you with a reliable online listing service like ForeclosureDeals.com. This can be a convenient way to find good deals and information on purchase that can help you save big.

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

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Tuesday, April 15, 2008

Rehabbing Schedule for Maximum Profit

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by Derek Carter

Rehabbing Schedule

When you buy a house to rehab you need to have a plan of attack. You will not be able to get the rehab project done fast instead of just winging it. With the type of money you have at stake to do the rehab you better make sure you have a detailed plan. Lets help you put together your rehab plan of attack.

1st Week

Day 1 – Get the water, electric and heat turned on as soon as possible. You may want to get everything lined up to have on in the house before you buy it. The contractors will be limited with what they can do if you do not have the utilities on.

Contractors - Meet contractors at the house if you have not already done this and go over exactly what they are doing.

Demolition - This is a great day to do demolition so if you are need to tear out cabinets, walls, etc. it is the best time to get the house cleaned out.

Day 2 thru 6 – Make sure you get the utilities on as soon as possible. Get the demolition done or finished up so you can start putting in the new materials.

Coordinate plumbing, electrical, roofing, windows, siding and HVAC while the walls are torn out if you are putting in new drywall. Think of the house as a skeleton and you need to start with the insides of the structure and work your way out. All foundational issues get taken care of in the first week.

As soon as you get all the internal wall material in such as wiring and plumbing you will need to get all drywall installed or repaired.

2nd Week

Landscaping – This should be done quickly so the outside looks good for people driving by looking for property to buy.
Roof - Make sure the roof is done before doing drywall or the ceilings.
Mechanicals - You will need to get all the drywall and mechanicals finished up.
Flooring Kitchen and Bath - Once that is done you can work on putting in the kitchen and bathroom flooring especially if using tile.
Bathroom - I would also get the bathtub, sinks and toilet installed after the flooring is complete.

3rd Week

Painting - You will need to get the painting done as soon as the drywall repairs or new drywall is taped and is finished being sanded. Get all the general contracting done such as doors, doorknobs, light fixtures, blinds put up, finishing touches on bathroom and kitchen.

You also want to make sure the outside painting or siding work is finishing up. Get the outside landscaping finished up for showing. Get your marketing ready to go out to sell the house. If you are using a realtor get the paperwork filled out to list the property on the MLS.

End of 3rd week you should be close to completing everything that needed rehab. Get the appliances and carpet in at the end of the rehab. The carpet has to be the last thing that goes in you do not want contractors ruining the carpet.

This is a good time to finish up any small jobs and start cleaning the house to prepare for showings. Make sure you clean thoroughly or hire a company to do it you want the house to show at it's best. Lay plastic walk ways down so the carpet doesn't get tracked up and be sure that the tubs and toilets have been thoroughly cleaned. Have the lawn mowed once a week until the property sells remember this is the first thing they will see when they pull up, curb appeal is very important.

I have been investing for 11 years and want to help people learn how to create extra income and residual income using real estate. We also show people how to buy homes at huge discounts this is especially good for 1st time homebuyers. To learn more visit us at http://www.CollegeOfREI.com

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Monday, April 14, 2008

The Florida Panhandle: A Terrific Place to Invest in Real Estate

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by David Yarian, Ph.D.

We have vacationed in Northwest Florida, Walton County in particular, for twenty years –- and love it! The best, uncrowded beaches in the country –- reasonable cost –- great restaurants –- terrific beach properties to lease! So we are very enthusiastic about the area –- but what about the economic realities of investing in Florida -- at this time?

Northwest Florida has a vibrant and steady tourist business, with low unemployment. The brand new Panama City International Airport, projected to open in January 2010, will make the area quickly accessible from virtually anywhere in the United States and Europe. It is expected to provide a major boost to the area's economy, and should increase demand for real estate.

We believe the Florida panhandle is a solid place to buy real estate, and that real estate values, though flat right now (January 2008) are likely to move sharply upward, especially for oceanfront and Gulf view properties. But that's our view! Here are some other folks' opinions on the area.

CNN Money.com (Feb. 12, 2007) highlighted Panama City, Florida as the #1 place to buy real estate in the United States.

American Express says that the Florida panhandle is one of its Top Ten tourist destinations in the United States. The Florida panhandle is second only to the Orlando area in Florida tourism. Northwest Florida beaches are among the best in the world, attracting over seven million visitors annually –- more than any other East Coast beach area.

Real estate professionals in Walton County say that prices are less than during the peak year of 2005. But they are expecting closings to increase, as more deals become available. Many residences are priced below the cost to build. "If you are looking for a property to hold on to for the next five years, the time to purchase is now. We are still very undervalued compared to other regions of Florida."

The St. Joe Company (NYSE:JOE), whose corporate headquarters are in Jacksonville, FL, is the largest landowner in the Florida panhandle, owning some 718,000 acres of development land -– half of it less than ten miles of the coast. St. Joe has been a big player in the area for a long time, beginning as a timber company but realizing in recent decades that the value of its holdings was far greater as investment property. So now they're in the vacation home development business, with a great deal of activity centered on Walton County.

According to St. Joe's Investor Relations Department the long term outlook for Florida panhandle real estate is particularly upbeat.

Long-term economic and population trends continue to favor Florida, whose economy is fundamentally solid and diversified. The state's population is forecasted to increase by three-fourths (to 28.6 million) by 2030. Its demographic growth rate regularly outperforms that of the rest of the United States: since 1970, the State's yearly rate of growth has outpaced the national average by 100%. By 2010 Florida will pass New York to take its place as the nation's third most populous state.

Florida's solid, diversified economy regularly outperforms the U.S. mean, with a burgeoning tourism industry, plenty of high-tech jobs and a strong high-tech manufacturing sector. A large military presence with a number of active and expanding bases provides stability to the region's economy. Within the Florida panhandle, Walton County has one of the lowest unemployment rates in Florida and the U.S.

Florida is the commercial center of the Americas. Geographic location, as well as economic and political stability, places Florida at the heart of trade and business throughout the region. Vacation property sales to retirees remain robust, and Florida is a favorite spot for retirement relocation.

Northwest Florida's beaches are the state's second favorite tourist destination, behind only Orlando. They draw over seven million visitors each year, more than any other stretch of beach in the eastern United States.

Beaches in the Florida panhandle rate as some of the most beautiful in the country and the world. Beaches in Walton, Bay and Gulf Counties have been selected for the number one ranking by Dr. Stephen P. Leatherman, an authority on beach quality and author of America's Best Beaches.

Northwest Florida enjoys a very favorable climate, with mild winters, lots of sunshine and clear days. Northwest Florida is located in U.S. Climate Zone 8, the same climate zone as renowned vacation areas such as Hilton Head (SC), Amelia Island (FL), Kiawah Island (SC) and St. Simons and Sea Island (GA). Florida's beauty and variety of landscape is well-known. The Emerald Coast has a distinct geography, culture and cuisine that is very different from Miami or Orlando.

Northwest Florida entertains approximately seven million visitors annually. According to Visit Florida, the state's tourism and visitor agency, 33 percent of these visitors are from households with incomes over $75,000 and 16 percent are from households with incomes over $100,000.

The number of private resort developments in the Florida panhandle is increasing. At communities like Seaside, Rosemary Beach, WaterColor and WaterSound Beach, oceanfront lots have sold for $40,000 per linear beachfront foot to prosperous families who have chosen Northwest Florida.

The new Panama City airport now under construction is expected to be in operation by February 2010. It will be a major international airport, thus opening the Emerald Coast to easy access from both coasts, the Midwest, Canada and Europe. Previously, access to the area by air was limited to regional airports.

Economists expect that the new airport will become a strong economic development engine for the area. Throughout history airports have a powerful track record for increasing economic development activity.

The new Panama City airport will be the first major airport built in the United States in almost fifteen years. As a large-scale greenfield airport location, it offers unique opportunities and unmatched flexibility for companies dependent on air transport and logistics infrastructure.
Examples of how airport construction stimulates local economies may be seen in Huntsville, AL, Savannah, GA, Jacksonville, FL, Fort Myers, FL and Northwest Arkansas. All of these airports have stimulated significant adjacent development.

The State of Florida projects that over its first decade, the new airport is likely to create 8,000 new jobs and at completion a total of 13,000 jobs. An important comparison is the construction of the new Southwest Regional Airport in the Ft. Myers/Naples area in 1983, which had a tremendous impact on real estate values. Since the airport opened in 1983, total residential real estate values in the region have increased an average of 11 percent annually.

Fortune Magazine (October 14, 2007) highlighted the St. Joe Company as one of the "Ten Best Stocks for 2008", citing the long-term potential of the company and its development business situated in the Florida panhandle. The article says: "When Florida real estate does rebound, investors will be kicking themselves for not recognizing today's $28 stock price for St. Joe Co (JOE) -- Florida's largest private landowner -- as a rare opportunity."

In the quickly shifting economic climate, it is important to research and ask questions before making any investment choice. Yet the truth is that the Florida panhandle is a rarity, with a delightful climate and stunningly beautiful, mostly empty beaches. As you sit on the pristine, white sand with your feet in the emerald clear Gulf water, with pelicans and gulls flying overhead and dolphins cruising by – you can see that there are some very important intangibles here. Northwest Florida is a very special place –- and they're not creating any more beach property!

David Yarian, Ph.D. writes the blog Florida Fractional Ownership http://www.FLfractionalOwnership.com. His latest project, Abaco Rose, may be seen at http://www.AbacoRose.com. His environmental resources website and blog are at http://www.SavingtheEarth.net.

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Sunday, April 13, 2008

Green Plumbing Trends -- New Technology Supplies Hot Water on Demand

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by Damon L. Chavez

If you're like most people, you are paying to heat the water for your home 24 hours a day, every day. The average homeowner pays to keep hot water hot even when they don't need it. Traditional water heaters make for standby energy losses that cost you money. We do not leave our homes heated while vacationing. We only heat our homes when there is a demand for heat. Wouldn't it be great if you could pay to heat water only when you need it?

There is a way. Tankless water heaters provide continuous hot water, heating water only as you need it, thus providing greater efficiency and energy savings. An average, traditional 50-gallon water heater can supply about three to four back-to-back showers. With a tankless, you can enjoy endless back to back showers! Also referred to as instantaneous or demand water heaters, they provide hot water on demand for as long as you need it, but only as long as you need it.

On Demand water heaters are 50% more efficient and give you a typical cost savings of 30 to 45% over the old style water heater. They provide endless hot water to multiple outlets at the same time without fluctuations in temperature, and they shut off automatically when the faucets are turned off.

Your family stands to gain additional protection, as well. As opposed to standard gas water heaters, tankless water heaters have sealed combustion which means no open flame or flue gas. Flue gas cannot enter your home. In addition precise water temperature control helps prevent the risk of scalding, especially important when you have young children in your home.

The compact, wall-mounted units can be installed internally, externally or recessed, thus providing a significant space savings over a 40-gallon traditional water heater that requires approximately 16 square feet of space. Because of smaller size, they can be placed in close proximity to the kitchen or master bath, reducing wait time and energy consumption while waiting for hot water at the source.

With a life expectancy of 25 years (and easily replaceable parts that extend the life by many more years), as compared to 10 years for standard hot water tanks, tankless water heaters reduce landfill waste. Additionally, they provide lower emission of CO2 gases into the atmosphere, adding to their green characteristics.

Proper installation and maintenance of your demand water heater can optimize its energy efficiency. Whether space, energy savings, or the need for multiple showers is your issue, a call to an AUTHORIZED SERVICE PROVIDER/INSTALLER is your key to success. Without quality installation, even the best equipment can fail to give you its best performance. Proper installation ensures you get all the capability possible from your instantaneous water heater.

The Colorado House Finders' Real Estate Consulting team is experienced, professional real estate agents with certifications in Real Estate, Lending and Appraising, who specialize in Denver Colorado real estate. Contact www.ColoradoHouseFinders.com.



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Friday, April 11, 2008

Building up a Network in Real Estate Investment

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by Judson Voss

When you first start out in the real estate investment business you'll find that having a network of other investors and buyers is a valuable source indeed. In fact, it can help you in all areas of your business from finding good properties to buy to finding the investors to buy those properties from you. It's fairly easy to build up a network as you begin buying properties, even if you don't know anyone when you start.

Network your way to profits
Naturally, you won't pick up every property that you look at in the real estate investment business. However, just looking at properties brings you into contact with other property investors and helps you to build your network.

As you begin to make more and more deals in the business, say with REO agents that hold bank properties are in post-foreclosure, you are also networking. You'll find that you get a lot of repeat business with those investors with whom you make successful deals.

It's not uncommon to only make a deal on one out of every 15 to 20 properties you look at in real estate. However, you'll find that as you buy those properties you'll make connections with the REO agents and investors you deal with and they'll keep you in mind. So after a while, you begin to find that you are being handed deals that fit your criteria because the agents and investors know what you are looking for. Eventually, it's possible to start picking up one out of every four or five properties you look at, simply because your network will be handing you the perfect properties to invest in. See how easy it is?

Record the Information of those you Meet!
One real estate investor claims that up to 65% of his properties come from repeat clients. Networking is easy when you choose to work with these repeat clients. To make the most of those repeat clients and past investors you've worked with, try to remember to take down their names and numbers or keep their business cards and add them to your address book. Be sure to add all pertinent information about each person you meet, such as whether they are looking to invest or sell properties.

Networking is an essential part of the real estate investment business. However, you don't need to feel intimidated if you are starting out with little to no network. As you make deals and look through properties in the local area you'll also gradually be developing your very own network.

Isn't it time you learned how to capitalize on one of the best markets for real estate investing that this country has ever seen? With the recent flood of foreclosures now is the time to learn to invest correctly in real estate from the hosts of the nation's leading show on real estate investing, Judson and Lynn Voss. Visit http://www.yourrealestatefortunes.com and learn for free, the no-hype truth about choosing the right real estate investing strategy to start making you money, today.

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Thursday, April 10, 2008

Condos Reign Supreme

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by Alissa . B

Every year' tons of new condos go up in the city' changing the landscape of Toronto. Each development is surrounded by media buzz. Why are condos so hot?

Well' because there's such a demand for them. While the traditional detached house has been favoured for decades' condos have now become the preferred housing type in Toronto. In fact' statistics for 2007 show that six out of ten homes sold in the Greater Toronto Area were condo units. It's all about affordability' lifestyle and true "urban" living.

Fact: Condos are more affordable than houses.

A condo unit is typically priced less than a house in the same area. This is particularly important if the area is highly desirable' like the heart of downtown or Yorkville. Plus' units generally offer a great view' something that living near the ground can't possibly offer. You get value for your money.

The standard condo also comes with a variety of amenities that can save on daily living costs' such as a gym' recreational facilities' and concierge/security.

Fact: Many covet the condo lifestyle.

Although condo owners may have to pay maintenance fees' the convenience of not having to repair or maintain the unit is considered worth it. Imagine - you don't have to maintain the plumbing in your unit because it's done for you by the corporation!

Plus' as mentioned already' there are amenities right in the building. No need to trudge through the snow or waste money and time on transit to get to your gym. And even if you did' the building is generally located conveniently near public transit. Some are even directly connected to the subway.

Fact: Condos offer true "urban" living.

Let's face it. Condos dominate the urban landscape. Concentrated in the downtown core' each building has been designed to compliment its hip surroundings and chic residents.

This article was brought to you by Downtown Toronto Condos.

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Wednesday, April 9, 2008

Hyderabad: a Haven for Real Estate Investors

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by George Gonigal

From a City of Pearls and Minars, Hyderabad has transformed into an international software destination. Stretching its legs across north, northwest, west and south, the real estate market is growing like never before.

The peripheral locations have now become the hubs of major investment by both small and big real estate developers. Land prices at the outskirts that were in the range of Rs 15,000 to Rs 18,000 per square yard in 2006 have now shot up Rs 50,000 per square yard.

Growth engines

This paradigm shift can be attributed to drivers like the new international airport at Shamshabad, the 8-lane Outer Ring Road on Hyderabad's periphery and better connectivity by efficient MMTS rail that have improved connectivity to all parts of the city and the country.

According to the US based international market research report, it is IT that is really driving the property market in the fourth fastest growing city in the world. Areas around the HITECH city or the IT Park at Shamshabad have witnessed tremendous growth in both residential and commercial property. Global players like Microsoft, Oracle, Satyam Computers and many others are eyeing this area for growth and investment. One such would be CISCO, which has hired 17,000 sq. ft. at Madhapur.

Huge commercial real estate projects like the Divyasagar Omega and Divyasagar Solitaire are also on their way of completion by early 2008.

SEZ wave

One of the reasons for the high growth is also the Special Economic Zones (SEZs) movement in Hyderabad. With 40 IT SEZs, the total investment is expected to reach US$7 billion mark with a potential growth of 50 per cent during the current fiscal year. Out of the estimated 60-70 million sq. ft of IT/ITeS specific commercial office space expected to come up through SEZs alone by 2010 in India, Hyderabad leads with about 30 per cent (25 million sq ft) of the total expected supply.

This has also led to an increase in the prices of properties for commercial purposes. In Begumpet, Panjagutta, Ameerpet and Banjara Hills, the new CBDs of Hyderabad, capital prices range from Rs 3,500 per sq. ft to Rs 4,500 per sq. ft. The old CBD areas in Abids, Koti, Himayathnagar and Nampally have slightly lower rates, as new establishments prefer the new locations.

George Gonigal provides you the best and latest information on Hyderabad Real Estate Builders, if you want to Buy Apartments in Hyderabad. he suggest you log on to magicbricks.com

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Tuesday, April 8, 2008

How do you proceed in a land trust? Part II: Deciding upon your exit strategy

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by Bryan Benson

In part I we discussed the perfect home you were in the process of purchasing. At this point, you are making the decision of what to do with the home. We have discussed the strategy of keeping the home for an extended period of time to see if the property value increases. Another thing that you might want to do is go ahead and spend a little bit of money to do the carpet and paint and get it spruced up and get somebody moved in. Once they're in, you can refinance it, suck some money out of there, it is going to be tax-free, and hold onto it for a while. And then obviously there is always the tradition to go ahead and fix it up and put it on the market and try to sell it and cash out of it.

I want to take a minute and talk about another issue that could come up. If you already filed the deed and you are waiting for the previous owner to move out, you really need to realize that you do own the house. But if you have bought the house subject to the existing mortgage, you need to make sure the amount that is owed is paid before the house is actually yours. . Take a look at your communication with the owner. Are they good? Do you have cordial communications? If so, talk with him or her about the amount still outstanding on the loan. That is what you need to remember. Once you have the purchase agreement you will have to come up with the outstanding amount.

But it seems like you do have the potential to really make some money here, so it might be wise to come up with a plan B. Should you have to move this house fast, you need to be able to market this house.

Bottom line-the owner needs to be out of there. That stuff needs to be out of there. You need to say to the owner still living there, "Look I'm delivering a dumpster over there tomorrow, it is going to be over there, and I'm going to have a crew over there. You tell them what to throw away and what not to throw away. Let's go ahead and get you out of there" Find out what the owner needs to do to get out. How much money he or she needs for a u-haul to get them out...that is your main priority right now is to get him or her out of that house.

When it comes to real estate investing, I highly recommend information from Ron LeGrand . For valuable information regarding investing in homes visit RonLeGrand.com. You can also find useful investor resources in the free newsletter at MillionaireMakerNewsletter.com

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Monday, April 7, 2008

Advice for Looking at Vineyard Properties

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by Mathew Guiver

Decide what grapes you intend to plant.

The details of your ideal land will greatly depend on the specific grapes you plan on growing. Before beginning your search you should research your favorite grapes so you have know what criteria to look for.

Look for sloped sites.

Grapevines need excellent drainage to flourish. If their roots are soaked in water they won't produce good grapes and could even die. Ideally your vines should be located on a southeast to southwest facing slope so their leaves can soak up as much sunlight as possible.

Make sure there is ample sunshine.

To fully ripen, grapes need sufficient heat during the growing season. Wine grapes need at least 1,400 hours of annual sunlight during the growing season to ripen properly. This is also causes grapes to mature faster thus increasing the quality of the wine

Avoid areas with excess rain.

The amount of rainfall a region receives has a large impact on the type and quality of the grapes and wine produced. A very wet summer can induce harmful mildew in a vineyard. Additionally, precipitation shortly before harvest may dilute sugar levels and adversely affect the finished wine, thus the climate must be right. However, vines need no less than 22 annual inches of precipitation to survive. As usual, balance is critical.

Look for land with deep soil.

Most great wines are produced from grapes grown in deep, well-drained soils. Soil depth helps determine how deep a vine's roots can grow. Vines will not grow well in gray, shoddy subsoil.



Check neighboring foliage.

Nearby trees can produce bothersome shade along with dozens of other problems. Nearby trees can also rob soil of needed moisture and may even contain wild grape vines that carry diseases and insects.

Test the soil's nutrients

When you have narrowed your site selection, it's a good idea to take soil samples and have them tested. This extra step will reveal the soil's nutrient and acidity levels. Your county extension office can usually refer you to a testing facility and will make recommendations other recommendations about your soil.

Rim Rock Ranch is located just minutes from Napa on the quiet side of the wine country. Our vineyard properties have the cleanest air in California!

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Sunday, April 6, 2008

Why buy a property for sale in bulgaria

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by Ken Wilson

Bulgaria is quite a large country, one which offers a lot when it comes to real estate investments. Still, if you are interested in properties in Bulgaria, you need to do a little bit of research in order to select the adequate property type and location according to your personal investment requirements. If you wish to make a good investment, it is probably a good idea to set some investment objectives and stick to them.

When looking for a property for sale in bulgaria, first try to figure out whether you wish to rent this property in order to obtain a monthly income or whether you are buying the property with the purpose of using it as a holiday home and selling it later on, when it's value has risen. Second of all establish how much money you are willing to spend on a bulgarian property for sale and examine the market in Bulgaria to get an idea on the prices.

Next, decide upon your preferred location in Bulgaria. If you are purchasing a bulgarian property for sale in order to rent it and generate an immediate income, we suggest purchasing a property somewhere in Sofia, Varna or Plovdiv. These are the largest Bulgarian cities and also the areas with the highest demand for long term rental accommodation. On the other hand, if you wish to purchase a property for sale in bulgaria, consider a place located in the popular areas along the coast or even near the major cities.

A property for sale in bulgaria means different things to different people and this is why you need to decide upon your preferred type of property. This type of property depends on your budget, objectives and the location you select, but finally it all comes down to your personal taste and preferences. Due to the incredibly low prices and to the positive long term prospects made by investors, the Bulgarian market has boomed.

The major reasons why bulgarian property for sale is a good investment are: the ideal time to invest in Bulgaria, due to the early stage of development, the growth of tourism potential, a stable government which is committed to economic reform, beaches along the Black Sea coast, top ski resorts, short flight times from Europe, average air temperature during the summer and the economic progress.

Investors or homebuyers who are looking for a property for sale in bulgaria should make their move, since now is a great time to invest in Bulgaria and the living standards are rapidly increasing. Property prices will definitely increase even if at the moment investors can buy accessible and low cost properties. It seems that bulgarian property for sale are selling very quickly due to the beautiful properties Bulgaria has to offer and to its economic progress.

If you have been thinking about purchasing a property in Bulgaria, now is the time to do it. Don't waste any time, go ahead and browse the internet, see what you find. There is definitely something that will meet your requirements and that can be bought at accessible prices. The Bulgarian market is waiting for you to invest in a property you like and those of you who decide to invest now will certainly make some profit in the long run.

Bulgaria is a country with a lot to offer, besides the beautiful landscapes and the pleasant climate. This is why we are delighted to put at your disposal our bulgarian property for sale at reasonable prices. Our property for sale in bulgaria will definitely make you want to buy it once you see it.

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Friday, April 4, 2008

Infos - Investing In Real Estate

by Martin Gurani

When you are first starting out with investing in houses, you should always look for ugly or bad houses that need a lot of work. These homes are much cheaper to purchase, although they will take some work to improve. You should start out by looking for houses that need some work, such as clean up, painting, and in some cases new carpet. You don't want to buy something too run down, as it could cost a fortune to repair.



If you think of yourself as a handyman and feel that you can do the repairs yourself, you can save a lot of money. On the other hand, if you need to hire someone, you should always make sure that the individual or company that you hire is qualified to do the repairs. If you aren't comfortable with doing any of the repairs, you should inquire about a subcontractor or company that will do it for a reasonable price, or perhaps a share of the money once you have resold the house.



If the house you are thinking to purchase and resell has any type of structural problems, you should always get an estimate from a reliable contractor before you make the purchase. If you decide to stay in the business, you'll learn a lot more over the years, although you should always hire a contractor when you first start out. Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.



Once you have a team together and successfully renovated and resold several houses, you start to feel a little safer with the purchase of houses that need repairs. All it takes is time and practice - and that goes to the purchase of housing that the average investor does not think. This can be a big advantage when you are looking for houses to buy and sell, as there will be less competition to worry about. You can also get a lower price in buying the house, simply because they can use the cost of repairs to their advantage.



Once you are able to do repairs on homes, including structural problems, you'll have a huge advantage in the market. You'll be able to buy virtually any home, including those that other investors choose to ignore. Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood. After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.



When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes. You won't have the money, time, experience, or support to buy the bigger houses at first, which means you won't have any room for mistakes. Once you have purchased and resold a few smaller homes, you'll eventually be able to work your way up to the bigger homes - which is where the big profits will come into play.



Always keep in mind that when you first start out, you'll need to take things slow. You can expect profits to come overnight, as it will take you some time to learn. Once you have been at it a few years and have several houses to your credit, you'll be ready to tackle anything. At that point - you'll make a lot of money in a career that is truly exciting.


Klick here for information on easy real estate for sale ? Niche Read more : Articlepedia.net

Thursday, April 3, 2008

Coming Up with the Down Payment for a Home

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by Lance Mohr

With the housing market being considered rather rocky on many levels at this point in time, many people are finding that the need to come up with larger down payments if they hope to be able to purchase a home. You may be a first time home buyer who is struggling with coming up with the appropriate and necessary down payment for the home of your dreams. With this in mind, you may be wondering whether there are some assistance programs when it comes to getting a down payment for a first time home buyer.

There are, in fact, some down payment assistance programs available for first time home buyers. Therefore, if you are interested in buying your first home and do not have the funds available to completely satisfy the down payment associated with this important purchase, you will want to consider closely whether or not one or another of the various down payment assistance programs for first time home buyers might be the right option for you.

At the present time there are two different types of down payment assistance programs available to people looking to purchase their first home in the Tampa Bay real estate market or anywhere else in Florida for that matter. First, there are down payment assistance programs that are offered by non-profit agencies and programs. There are also down payment assistance programs that are made available through the federal government.

In essence the way these programs work is the seller agrees to contribute a small fraction of the total sales proceeds to the buyer's down payment and closing cost, at the time of the closing. Federal and state laws prohibit the seller from giving money directly to the buyer. However, these federal and non-profits offer mechanisms through which this can legally be accomplished.

The seller enrolls in the down payment assistance program. In the housing market today, sellers understand that while participating in this type of program will reduce the total amount of money that will be realized from the sale on some level. However, these same sellers realize that absent such a program, a house may languish on the market for a significant period of time.

The best source of funding comes through the Federal Housing Authority (FHA). The FHA is a branch of the Department of Housing and Urban Development (HUD). The prime responsibility of the FHA is to administer government home loan programs. Because the loan is insured by the FHA, the lender is protected in case of default.

Once again, if you are considering the purchase of your first home, you will want to keep your eyes and ears open for a property and a seller that either is or is willing to participate in one of the programs that have been discussed and presented for your consideration in this article. You may find that these programs offer the perfect solution for you.



If you have any questions about the Tampa real estate or Wesley Chapel real estate market please call.

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Wednesday, April 2, 2008

What Makes Huntersville NC Real Estate So Attractive

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by Joesph Frantz

Every morning across the U.S. people are waking up to a home that is worth less than the day before and they cant figure out why. Sure there have been slow periods in the past but never a price adjustment of this magnitude. In fact, far too many people are finding that they owe more for the home that they bought then it is worth, which makes it a worse deal then renting a home.

All of this can be avoided and they can also live in a larger home with more custom features if they had home shopped in the right market area to begin with. The Huntersville NC real estate market area along with the rest of the greater Charlotte NC area not only has bucked the national trend in depreciation but home and property values continue to expand at a steady 6% rate even now.

With out the "boom to bust" cycles, Huntersville NC real estate and home prices have also remained at an affordable rate as well with a median price range of $225,000. This means that whether you are looking for smaller investment rental properties or your 5,000 square foot dream home, you are going to get a far better "bang" for your buck then in most other metropolitan real estate market areas in the U.S.

The job market is also on the upswing in many areas of North Carolina and especially the greater Charlotte area including Huntersville. This means that now is the time to take a good look at all that the Huntersville NC real estate market area has to offer in affordable homes and property. One other aspect of Huntersville is that it inst plagued with many of the problems that afflict so many urban areas of the U.S.

Written by Joesph Frantz. Find the latest information on Huntersville NC Real Estate

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Tuesday, April 1, 2008

Fractional Ownership of Property - The Advantages

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by Neil Robertson

Fractional ownership of property is a popular trend, but why is this? What are the advantages of owning property in this way? This article considers the aspects of purchase cost, size, location, and maintenance.


Reduced Cost

If you are considering buying a property then the financial commitment can seem daunting. If you could reduce the cost of purchasing your dream home by a factor of 10 that would make it much more manageable. With careful planning and selection of your fellow fraction owners it is possible to share the cost of purchasing without having to compromise on the weeks that you spend at your fractional property (most second home owners only stay 4-6 weeks in a year).

A Bigger/More Luxurious Home or a Better Location

If you're lucky you have the budget to buy your own property outright, but just consider how much more you could get if you multiplied your budget by 4 or 10 times! Perhaps your own budget would buy a property near the sea, but by using a fractional scheme you might be able to afford a beach-side property!

Reduced Maintenance Worries

The dream of holiday property ownership is often spoiled by concerns over maintenance. It's one thing to have your idyllic holiday home in the West Country or France but not so much fun if you have to spend the first day of you hard-earned holiday cleaning! By splitting the cost with your fellow fraction owners it becomes more affordable to have the property maintained and repaired by a professional company.

Diversify Your Holiday Property Portfolio!

You may be in the excellent position of being able to buy and maintain 1 holiday home. How much more fun would it be to use this money to buy fractions in 10 holiday homes around the country (or the world). How good would photos of all of your holiday homes look on your wall!

Conclusion

If you accept the fact that you will only use your property for a few weeks each year it seems hard to argue with the advantages of true fractional ownership of property. Buying property in this way could make it more affordable, bigger, in a better location, or allow you to have more than one property! Just make sure you check out any deal that you are interested in to make sure that it isn't timeshare in disguise!

Neil Robertson has many years experience of shared/fractional ownership having been involved in such schemes for over 15 years. He owns and runs http://www.reachtogether.co.uk Read more great articles on fractional ownership of property, real estate, yachts, cars etc.

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