May 31, 2008
Tips
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As a business investor or a real estate agent it is important to know the real estate trends, this way business can be maximize to the fullest.
Study shows that in the US, real estate trends factor in geographic equations. Every state has a varying real estate trends which influence US real estate trends.
One good example of real estate trends is if when a major manufacturing company builds a plant in a city, real estate market research shows that real estate forecast will improve dramatically as well, since people aspiring to work in that major company need to relocate and buy homes for job transfer. This trends ad forecast influences the rising prices of home in the area.
Real estate agents can benefit from knowing then real estate trends and forecast in a certain state. This way they will know where the market is and where they can catch a prospect.
May 27, 2008
Information, Trends
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A CondoTel is a condominium project that is operated as a hotel with a registration desk, cleaning service and complete with all the amenities that a hotel can offer The units are individually owned. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room.
There are advantages and dis-advantages to condotel ownership.
Advantages
- Pros include rental income to offset ownership expenses, a great vacation home, a cared-for home and potential price appreciation.
Dis-Advantages
- You might have to make a reservation for your own unit several days or weeks in advance. There are risks associated with all hotel ownership as well, such as occupancy rates that might be based on general economic conditions and potential destruction of the property.
Generally, condotels cannot be considered as your ‘first’ home. It is good for investment or as ‘second’ home only.
(image source : wcinet.com)
May 23, 2008
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Mortgage by conditional sale – The mortgagor sells the property to the mortgagee with the condition that the property will be restored to him by the mortgagee if the loan will be repaid. If the mortgagor couldn’t pay off the loan, the mortgagee owns the property. Because of its risky nature, bankers don’t consider this as a favorable security.
Usufructuary Mortgage – The mortgagor delivers the possession of the property to the mortgagee. The mortgagee is then entitled to rent out the property and receive income from it, such as rent, interest and profit. Upon repayment of the loan, the property is given back to the mortgagor. The title deeds remain with the owner.
English Mortgage – The mortgagor promises to repay the borrowed money upon a set date. Afterwards, the mortgagor transfers the property to the mortgagee however this is subject to the condition that the mortgagee will retransfer the property upon repayment before the date.
Mortgage by deposit of title of deeds – The mortgagor delivers the title document of the property to the mortgagee to create a security.
Anomalous mortgage – A combination of different types of mortgages.
May 20, 2008
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A mortgage must adapt to a household’s current financial situation and goals for the next years. This is why you should ask crucial questions before purchasing a mortgage. One of these is: What is the best type of mortgage for you? There are many kinds of mortgages:
Simple mortgage
Mortgage by conditional sale
Usufructuary mortgage
English mortgage
Mortgage by deposit of title deed
Anomalous mortgage
Simple mortgage – The mortgagor keeps the possession of the property as the security. He is responsible for the discharge of the debt. If he defaults to repay, he has the right to sell his mortgaged property to recover the loan.
Mortgage by conditional sale – The mortgagor sells the property to the mortgagee with the condition that the property will be restored to him by the mortgagee if the loan will be repaid. If the mortgagor couldn’t pay off the loan, the mortgagee owns the property. Because of its risky nature, bankers don’t consider this as a favorable security.
May 15, 2008
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Haven’t found that perfect spot to retire yet? Why not try another 10? Editors at US News selected these places from the Best Places to Retire database:
Anacortes, Wash
Austin, Texas
Boulder, Colo
Danville, Ky
Fredericksburg, Va
Geneva, Ill
Juneau, Alaska
Kailua, Hawaii
San Luis Obispo, Calif
Sate College, Pa
You could also search places according to states for a more thorough search. If you want, you could create your own list by filtering places by region, weather, cost of housing, recreational and cultural activities, social environment, healthcare and low crime. This way you would set your own criteria and find the place most suitable for you.
May 12, 2008
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Looking for a place to spend your golden years? U.S. News made the job easier for you. They made a list of a thousand American places with a population above 15,000 (meaning there’s a lot of people who want to live in the area), then the cost of living, climate, crime rate, access to healthcare, educational opportunities and cultural and recreational amenities of each place were carefully studied. Out of these, 10 spots were chosen and described.
• Bozeman, Montana
• Concord, New Hampshire
• Fayetteville, Arkansas
• Hillsboro, Oregon
• Lawrence, Kansas
• Peachtree City, Georgia
• Prescott, Arizona
• San Francisco, California
• Smyrna, Tennessee
• Venice, Florida
Can’t wait to retire? Check out the article now!
May 9, 2008
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If you want to live in your own home, consider renting and not buying. Renting is cheaper in the short term because buying can make you lose money in the end. For the past several decades, the housing market slumps every 10 to 15 years. Even when home prices rise from 4.5%, you would still appreciate at 4% every year for a decade before you would save more by owning your house than renting it. There are also a lot of expenses associated with owning a house but these do not build equity. Renting is more favorable not only because it is more inexpensive but also because it saves you trouble, offers you flexibility and may be a stable long-term investment.
May 5, 2008
Updates
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Despite relying on the government for their part on conserving fuel and going green, regular citizens may also do their part on helping to keep the world a green place to live in as well as benefiting from it in several ways.
Rising fuel costs and an alarming figure of fuel depletion from the earth’s natural reserves have forced man to search for alternatives to maintain the high energy required for him to get by life. Though regular average citizens might not be able to build acre wide solar farms or wind farms, a little part from them goes a long way to saving that extra gallon of oil.
