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The usual fees tenants are responsible for

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• Application fee is the initial fee you pay. This is used to process your application, run background and credit checks on you before finally accepting you as a new tenant.
• Administrative fee includes all costs in leasing to a new tenant.
• Pet fee is for renters with pets. Some buildings prohibit pets because having them mean extra work for their maintenance department/crew in the common areas, and the inevitable damage to the unit the most common of which is the carpet plus the disturbance they could create with the other tenants in the building such as the noise they make i.e. barking (for dogs).

• Other buildings require pet owners to submit a copy of their dog’s vaccination certificates and other proof of inoculation, to prevent the spread of rabies and other diseases normally associated with pets. If the pet has done no damage to the apartment unit, usually the money will be refunded. But then again, the renter can refer to the contract you signed and check its stipulations on this matter.

• Redecoration fee could mean the repainting/touching up of the unit before a new tenant moves in. It includes all expenses incurred to make the unit ready for occupancy such as minor repairs or changing of door locks.

There could be other fees included depending on the area and the building, but whatever they are, be sure to include them in your computation of your monthly budget.

Marketing Srategy

To be able to succeed in real estate marketing, you must be truly committed to your work. Breathe real estate, eat real estate, sleep real estate. Home owners now a days tend to sell their property on their own rather than contact a broker or real estate agent. These people usually have knowledge in the real estate business. So how can you put yourself in a position where they will hire you for your service?
First is, you must develop your reputation as a good and honest agent. Always be ready to serve the client and be ready to help out with the documents or paper works after closing the sale. If you rendered the best service to a client, chances are, you’re going to be trusted and recommended by the same people, even through word of mouth. This simply is the best way to earn your way to the top rank.

CHASING THE CONSUMER

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It’s hard to go anywhere or do anything without being exposed to marketing and a rapidly growing number of ways designed to lure us into buying new products.Yet it’s not that our desire to be bombarded with marketing and advertising has increased; quite the contrary, we don’t want it. Just think of the “Do Not Call” list and the legislation that has been enacted to reduce spamming.”? Even our new love for TIVO and DVRs is the result of a strong desire to zap out unwanted commercials.According to Trend #4 in the Swanepoel Trends Report for 2007, the Internet, while it continues to be a great solution, has provided its fair share of complications.”? For example, type in “Homes for Sale” on Google or Yahoo and you will get results numbering in the multiple millions.”? Yet according to Realtor.com there are currently only approximately 3 million properties for sale.The reason lies in the fact that the real estate industry is still marketing all over the board and really doesn’t understand the online marketing channel. In many cases the industry is complacent in its approach to marketing and the methods it employs; it still holds onto old “trusted” methods while jumping onto anything new.

The New Age of Urban Living

In many cities across the world, there has been an increasing demand for fine living spaces and master-planned communities. With home buyers and real estate investors demanding luxury amenities, fine finishes and more features, a condo and housing boom has resulted in some magnificent real estate developments and boutique residences.

The Types of Urban Living Homes in North America
There are many opportunities for a prospective individual or couple to get into the real estate market. Whether you are looking for a permanent residence or a real estate investment home, both the United States and Canada markets provide numerous types of housing that will suit your lifestyle and requirements. Obviously, the most expensive but most sought after urban living real estate property is a home. Not only does a private home provide you with ample space and privacy, but they are really at a premium in most major cities and towns these days as they have become quite expensive, especially homes and residences near city centers and major transportation routes.

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Sub-mortgage Part 2

Charge - This is when the immovable property of the debtor is used as security for the creditor. This differs from the mortgage because while the mortgage involves the transfer of interest in the property, the charge does not.

Lien – Pertains to the right of holding in the debtor’s goods until he takes care of his debt. This has two kinds: general and particular. In general lien, the debtor has the right to retain all the goods to the debtor. In particular lien, specific property is kept as security.

Hypothecation - This is the right to recover debt against security of specific goods. This is mortgage of movable property without transferring possession of the goods.

Sub-mortgage Part 1

A sub-mortgage is the agreement wherein a mortgage lender uses a mortgage held by him as collateral for his loan. The mortgagee is pledged as a security for a loan to the mortgagee. The original lender uses a borrower’s property instead of his own property for getting a loan.

There are 3 kinds of sub-mortgage: Pledge or Pawn, Charge, Lien and Hypothecation.

Pledge or pawn – This is a contract where an item is given to the lender to stand as security against the loan. This may be valuable things such as jewelry, gold, documents and share certificates. The pledge will be effected when the items are given to the lender.

Canada: Housing Market Drops

According to some evidence, Canada’s housing market is been dropping for four consecutive months, at least 15% below than last summer. In the first quarter of 2008, the average resale of home prices declined. And the demand for new residential building and single-family home permit has sharply dropped, and unsold new homes are trending higher. Another factor for the housing decrease, is the inhospitable weather and home renovation expenses are beginning to cost higher.

Canada is making a risk in doing an eventual price correction for its real estate market. While inventories of unsold houses are getting high, market for this is not overbuilt, wherein new houses built are regulated. Also, Canadian lenders have maintained a conservative loan qualifying criteria and sometimes an adjustable mortgage rate, to help lessen foreclosure.

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Home Prices Continues to Drop

Record shows that as early as this year, home prices continued to decline in increasing rate. Single-family home prices dropped by 11.4% in 10 major metropolitan areas last January, this is according to S&P/Case-Shiller home-price indexes. This index data track the price path of single-family homes in particular metropolitan area by matching it to the price pairs of many individual houses. In their data, Las Vegas and Miami were the weakest home market last

January with at least 19% decline. Followed by Phoenix, with 18.2% decline and Washington & Minneapolis with 10.9% and 10% decline, respectively

Also, because of an increased abundance of foreclosed homes in the market is likely pushing down house prices in some areas.

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Dos & Don’t : Perk Up Tips Before Selling Part II

Here are some more guides in making our homes more inviting and sellable to prospect buyers

1. Reduce Odors – do everything to minimize the odor in our homes caused by smoking, pets or cooking. People who walk in our homes never forget the smell.

2. Do minor repairs – Always take a good look around your home and view it in a buyer’s perspective, so try to oil doors fix handrails and other others

3. Change outdated light fixtures – using a new light fixtures help brighten the once boring old-fashioned overhead fixture, like a new wall sconces or pendant light

4. Clean the Carpeting – to avoid extra cost of replacing an old carpet, just have clean, sometimes buyers prefer their own carpet style.

5. Garage and Basement – clear away all the stuff stashed in that area, its ok if your not selling the place, but having it clean is a bonus points for a quick selling

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Dos & Don’t : Perk Up tips before Selling

Showing you homes to prospect buyers is not an easy task, we want them to see our homes to be at its best. Here are some guides:

1. Front Entrance - Be sure to make your front-door area looks nice and inviting because prospect buyers usually drive by before wanting to see the inside of the house.

2. Clear Away the clutters – Put away anything that will distract buyers from looking or concentrating on the house, like personal photos, boxes, and other stuff.

3.Thoroughly Clean the house – Have a schedule time to make the important areas of the home clean like the bathrooms, wash the windows, kitchen and light fixtures

4. Freshen up the rooms – try to repaint the much-used rooms in neutral colors to make them look fresh and clean. This help makes the house more sellable.

5.Arrange Furniture – try to rearrange the position of the furniture’s to make it look more spacious and remove extra pieces that could clutter the way.

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