Housing | Real Estate

Peaceful and Enjoyable Living

Posts Tagged ‘Buying’

« Older Posts

Good Tips For Buying Property – House

Filed Under : buy house by admin
Sep.4,2010

Location, locations, locations… is probably the most quoted mantra in property investment. Yet, when you have to choose between a few property units, how do you choose the best unit in terms of physical and geographical aspects?

5 main TIPS help to make a big difference in rental income and resale value of your property:-

LOCATIONS:
1. The area that you love most or the area that you are going into.
2. You might narrow down your search to a section; for instance, you might want to see whether the property near the park or the shops.
3. Look at the road on which the property sits and the position of the property.

IDENTIFY THE MAJOR DEFECTS:
Most importantly, you must feel comfortable while viewing the property. If you are, then can start examining other detail. While you are at the site, avoid spending too much time on superficial things like the paint work and the garden, which are only minor issues. You should look for major defects like roof leakage, termite infestation, structural cracks along the foundations and sewerage blockage.

Emphasises good structure, which includes the layout of the property, the number of columns and pillars as well as the foundation of the land. If there are too many columns, it would be very difficult to renovate the house. If you notice a gap between the wall and the floor, it is a sign of earth movement, which denotes a structural problem.

The defect root leakage, often refer to “add spots” such as the storeroom and the toilet in the master bedroom. Usually, people touch up water stains on the ceiling in the living room because it’s unsightly to guests. But most people would not touch up the ceiling of the add spots.

When inspecting the living room, note whether there is a fresh cost of paint on the ceiling. Ceiling are usually painted over with emulsion paint. If you see one shiny patch, that could mean that there has been a leak and the owner might used gloss paint to cover up. While emulsion paint absorbs water, gloss paint is waterproof.

Floor quality is another important factor. Whether you are walking on timber or marble flooring, make sure that it is not hollow.

  Tags : , , , ,

  Read more...

Buying Property In Spain – Living The Spanish Lifestyle In Your Own Spain Property

Filed Under : buy house by admin
Aug.31,2010

Waking up to another warm day, sipping coffee outside on the sunlit terrace overlooking the sea, and musing on the prospect of spending the day playing 18 holes on a championship golf course – these are some of the pleasant realities of the Spanish lifestyle. Add to this fine wine, great food and a vibrant culture and you understand why living in Spain is so appealing. Holidays in Spain are wonderful, but if you’ve decided the Spanish lifestyle is for you permanently, you’ll want to look into acquiring your own Spain property. Here are some tips of buying your home in Spain.

When investing in Spain property, the first thing you have to do is to define your needs. You’ll have to decide which part of the country you want to live in. This will probably be based on your past experiences and you may well have a particular location in mind. You just need to be sure about matters such as transport and accessibility. Living somewhere is different from being on holiday so you need to be sure you can get around conveniently. You’ll have to choose between the charm and quiet of the countryside and the glamour of the cities.

Then there’s the matter of size. You can buy Spanish property ranging from a tiny apartment to a grand villa. This will depend on your needs and number of people living there and, of course, your budget. An important point to remember is that of security. An unattended villa is very tempting to a burglar. And don’t forget that homes require maintenance and this can be tricky in a place where you can’t speak the local language.

Another factor you’ll have to consider is infrastructure you need to have in your area. This includes such places as hospitals, schools, shopping, and various leisure activities. For example, if you’re an avid golfer, you’ll want to be sure you’re not far from a favourite golf course. If you have children, you need to consider the matter of their education.

Another thing you have to think about is the community you want to live in and your neighbours. Perhaps you’re happy on your own in the middle of the countryside but most people would want the company of fellow expatriates.

Having defined your needs, you’ll know the location, size and type of home you’re looking for, you can start looking for properties. You can do a lot of research online and international property shows are also often good places to find out about new developments. Or you can consult an estate agent.

An estate agent can advise you on suitable choices of properties if you give him some guidelines. He can also advise on local facilities. However, estate agents tend to focus on a small geographical area and he may try to sell you a property in his own region rather than recommend a more suitable dwelling in another area.

An estate agent can advise you on suitable choices of properties if you give him some guidelines. He can also advise on local facilities. However, estate agents tend to focus on a small geographical area and he may try to sell you a property in his own region rather than recommend a more suitable dwelling in another area.

If you’re looking to discover the real Spain, check out Costa Almería. This area of eastern Andalucía has been spared the rampant development that transformed the more famous Costas down the coast into concrete tourist Mecca. High rises are not permitted in Almeria and if you just drive for ten minutes, you’ll find yourself in unspoilt countryside of orange and lemon groves, and olive plantations and rugged mountains.

Investing in a resort project in this part of Spain will give you all you need in a Spanish property. You’ll have solid security, a thriving community of likeminded expats and the purchase is a one stop operation. So if golfing in Spain is more than just a hobby to you, or you’ve just fallen in love with this sublime land, look into getting your own Spain property and enjoy the beauty of the Spanish lifestyle and golf holidays Spain all year round.

  Tags : , , , , ,

  Read more...

Buying and Selling Homes

Filed Under : sell house by admin
Aug.29,2010

Home buying and selling is a very fast paced industry, a house can sell in an hour, or even in minutes. Real estate buying and selling is also a very hard job, but with the right tips on your book you will be able to outwit and win good deals.

So here are some good tips on how to sell good and buy the best home. Just remember all of this and surely you will be able to sell at the right price and land on your dream home.

If you are a buyer then you should take these things into consideration.  Before you start working with a bank, mortgage banker, mortgage broker or credit union; get as much information as you can. Check their backgrounds carefully. Also, get an estimate of all possible fees.

Don’t over commit yourself. There are some things that you can take care of for the buyer, but others that you cannot. Be able to negotiate.

Also make sure that what you are purchasing is with in your financial reach, never go for something that is so high or just right on your income have something that is 25 – 30% lower than your income, so that if ever there is a draw back on your financial status you ca still be able to afford it.

If there are problems getting into a pre-approval because of your bad credit rating, then one good thing to do is to get your credit reports and review them all by yourself.

Determine if anything on the report is inaccurate or over seven years old, which means it must be removed.

While you don’t necessarily have to add on a new room or two, make some basic improvements. Fixing up the house can make a significant difference in the eyes of buyers. If the house needs paint job, use neutral colors, the same with new carpeting. Also make the grounds appealing.

Whether you are going to open houses on your own or using a real estate broker, make up a list of what you would most like in a new home and prioritize it so you can determine what is most important and which items you are comfortable sacrificing.

Always keep a cool head, even simple problems can be a burden when you have so many details to take care of, so do not over-react if you hit a few snags on the way to closing. Keep a cool head and work with the people helping you through the transaction to resolve any issues that pop up.

If you are on selling side then this are what you should be thinking of right now.

Besides spring, the best time to put your house on the market if you plan on buying another home is when interest rates are low. Low rates benefit both buyers and sellers, and you’ll be both.

Understand the home selling process and learn about negotiating. Knowing as much as you can could save you thousands of dollars.

If you decide to sell your home on your own, keep in mind that it’ll probably take longer than if you’re using a real estate agent, especially in a buyers’ market.

When there are more sellers than buyers, real estate agents have the advantage with things like the multiple listing when it comes to getting their homes in front of buyers.

Be realistic.

About your asking price, the time it takes to sell a house, the process and the market. If you go in thinking it will take only a week and you’ll get exactly your asking price, you’ll most likely be disappointed.

At market value, you open your home up to more people who can afford the price. Sellers who list at a high price in the hope that they’ll find the one purchaser, who will pay it, often do not realize that they have discouraged many potential purchasers who could have afforded the price they end up accepting at a later date.

Be real and you’ll have a much better experience.

When selling your home always make it as presentable as possible make sure to repair all the minor and major damages that is on the property.

  Tags : , ,

  Read more...

Are you Prepping Up Your House for Buying or Selling? Home Staging Strategies to Remember!

Filed Under : sell house by admin
Aug.27,2010

Have you ever heard a real estate agent say that “It’s a buyer’s world out there”? The sentiment rings true because due to the economic problems that the United States and the rest of the world has experienced for the past few years, the housing industry has also sank to record lows. While things are still getting back to normal as far as the real estate industry is concerned, how can home sellers make sure that they are still getting top dollar for the residential real estate property that they selling? How can homebuyers get the best value for their hard-earned bucks? This is where home staging comes in.

Here, we will take a look at the reasons why home staging is necessary when selling or buying a home, and also enumerate the top tips on how you can stage your home in such a way that your home buying or home selling goals will be met.

Why is Home Staging Important in the First Place?

So why is home staging important in the first place? Experienced real estate agents would know this: staged homes sell twice as fast as a hastily prepared house prior to selling. Again, this is a buyer’s market that we are talking about so if you are a home seller and you do not exert enough of an effort to make sure that buyers will be interested in purchasing your home, then it might stay in the market for quite a long time.

Another reason why home staging is necessary is simple: staged homes sell for more money. If a real estate property for sales sits on the market for a long time, the seller will usually get lower offers because buyers think that there is something wrong with the property that you are selling.  If you want the selling process to be over and done with quickly, you need to make sure to stage it properly.

Next, no matter which part of the house it is that you stage – be it your porch, kitchen or living room – these will have an instant impact to a potential buyer. When potential buyers drive over to your home, make sure that they will be enticed enough to actually get out of the car and get a closer look, rather than just driving by. More importantly, staged homes attrat real estate agents; they get more advertising; they can be appraised for top dollar; and it helps you as a seller to speed up your move.

Staging Your Home to be Sold for Top Dollar

Now that you already have a basic idea about the importance of home staging from both the buyer’s and the seller’s perspective, how about when you are a seller? How can you make sure that the way that you are staging your home is good enough for it to be sold at premium value, despite the economic crunch?

It all boils down to how staging your home will make an impact to a potential buyer. To help you out, here are a few home staging tips that you need to keep in mind if you want to sell your house for top dollar:

1. Learn what home staging is all about. Simply put, home staging is a cost-effective way of enticing homebuyers to purchase your home.  It’s all about getting a potential buyer to imagine how it is to live within the walls of your home, or beautify the existing garden even more.  The basics, however, involve decluttering and cleaning the premises.  Make sure to get rid of all the personal clutter like family portraits. Even if those things have a sentimental value for you, a buyer would want to have his or her own family portrait in the living room – not yours.

Remember that home staging is all about teasing a buyer’s imagination so that living in the house in the future would seem like a viable prospect.

2. Remember that home staging is more than decorating. After decluttering your home from all the personal effects, you can use strategic decorations such as mirrors to make a room appear larger, for example, but home staging goes beyond that.  Make sure that whatever furniture’s left is artfully arranged to highlight a focal point in the room. Upgrade accessories if you need to. Naturally, you should have already attended to the needed repairs and fresh paint is always necessary.

3. Do to the exterior what you are doing with the interior of your home. Sometimes, all it takes is the sight of a white picket fence to entice a buyer to purchase your home. Make sure that the exterior is as inviting as the inside of your house. Replace any dead plants, trim the lawn and add a few outdoor furniture if you have to or go for strategic lighting to highlight the features of the house’s exterior.

On average, a staged home sells twice as fast as the average home on the market. In addition to speeding up the selling process, taking the time and effort to properly stage your home will greatly increase its asking price. It wouldn’t even matter if you take the economic crunch into factor. Generally, a staged home has a better selling value as compared to a run-of-the-mill, freshly painted home.

How to Use Marketing or Design Psychology to Up Your Home’s Value

There is one more important factor that you need to take into account when it comes to home staging. What you can do is combine marketing and design psychology so that the value of the house that you are selling will increase. When creating flyers, for example, create a copy which goes straight to the heart. Instead of saying that the large backyard has a built-in barbecue grill, indicate that the property has a ‘private backyard park with a built-in barbecue where you can entertain your friends.”

At the end of the day, being a home seller or a homebuyer requires some effort on your part so that you can go about proper home staging. By doing so, you can sell your home to your target market at top dollar if you are a home seller; and get the best value for your real estate property if you are a homebuyer.

  Tags : , , , , , , ,

  Read more...

Buying Properties And House Hunting in France

Filed Under : buy house by admin

When you decide to buy a property in France you may have many reasons for doing such a purchase. It could be a dream home to move the whole family to or maybe a holiday home for personal use or even for renting out for holidays there are lots of things to take into consideration.How to find the property you really dream of! They often say there’s no harm in dreaming especially when your dreams have the possibility of coming true. You can find many good English speaking estate agents on the internet who have many properties for sale. But I would like to tell you that there is an interesting way out, which will allow you not to pay any agents fees. You can for example go straight into the local Notaire`s office and you will normally find that there is a property sale board which offers properties for sale directly from the owners. Moreover you may find as we did that the same property is on sale in an estate agents window for a much higher price that in the Notaries` office, hence well worth a look.

Agencies do charge much for their work but frankly speaking we don`t think they do a lot of the paperwork etc. on your behalf. It is up to you to decide what kind of service to use. You can use an agent if you are a first time buyer, the choice is yours, we did just that for our first property purchase in Brittany.

Important advice and tips on choosing the right property in the right area

If you have made the decision to either move to France or at least buy a holiday home, it is wise to think about the right area for your future “castle” Should you look for an area which will gives you easy access to the UK, this might be very convenient if you have to return on a regular basis. So for people in this category it is advisable to look at the Airport and Ferry port distances from the place you want to buy.

You can still find many bargains in France and it is possible that you look for and find a great renovation project with a few acres of land and this could be ideal for you. But keep in mind that sometimes the first impressions unfortunately, are often hiding something, so research is a must.

A few acres of land, that sounds great, and brings to mind ideas of getting a few animals, horses, sheep, and chickens. Who knows you could even dig your own lake and fill it with fish and offer fishing holidays or if you have barns to convert to gites or holiday homes, maybe even a part of your home could be used as bed and breakfast.

So what`s it really like to take on a building or refurbishment project in France

We have been there and done it all and although it sounds fantastic it is not all plain sailing by any means. A property can be advertised as “livable with fishing lake”but frankly speaking it can be far from this, but you learn from your mistakes. When we were searching for a property to buy in Brittany we viewed properties all day with a property agent (not an estate agent). That day we didn` choose anything so we looked and kept looking and on the second day of house hunting in Brittany. At last fortune smiled upon us and we saw the last property of the day. That was it we saw it and said we wanted it, a bit rash you may think but we had made up our minds. A Bretagne Longere with out-buildings and a large unused part of the house and to top it off seven hectares of land all around the property.

Many different ideas occur and all sorts of thoughts start racing through your heads. You want to remake almost everything, this you will put here, and that thing should be moved there and on that place your wish is to create your own fishing lake and with over 10 acres what could be easier.

You buy the property and move there to do some work to create your dream. Now you have to find a well known registered builder or tradesman who can provide good references. When we bought the desired property found a great French registered English builder and a French electrician who speaks perfect English after getting several quotes for the work to be done we eventually chose and the works started.

Remember that employing anyone in France who is not registered is actually illegal and you do it would be liable to fines or worse if you get caught employing people on “the black”. In addition it is always best advice to check the persons or companies insurance certificate; we did and never looked back as the work was finished to a high quality and on time.

  Tags : , , , ,

  Read more...

70 Ways For Home Buyers To Save Money When Buying A Home: Tip #15

Filed Under : sell house by admin
Aug.25,2010

Every house has something wrong with it. Even brand new homes. Homes are made by people out of wood and stone. Neither the people making the house, nor the wood and stone it is made out of it are perfect. Mistakes happen and less than perfect materials are used.

Sometimes this results in a problem. That is why you need to get a home inspection done before you buy any house. In fact, you should have it in your contract as a contingency that you will only buy the hose if you approve of the findings of the home inspection.

Notice the wording of the previous paragraph. It says that you will buy the house only if you approve of the findings. It does not say you will buy the house if there are no termites. This is what we in the business call a weasel clause. It lets you get out of the contract for a stupid reason.

If the home inspector has several items of concern for you on his report, you have a big decision to make. Will you be able to live with the house if the problems are repaired? Will these problems cause you a problem when it is time for you to sell the house? Can the problems be cheaply repaired or will the problem keep occurring?

If the problems can be fixed, you can ask the sellers to have the items fixed, or to reduce the price of the house the same amount as it would take to pay to fix those items. If the items are too large, you should be able to back out of the contract.

Any time you have a foundation problem, or anything similar you have to be very careful in proceeding. Foundation problems are very expensive to fix and unless the problem is fixed and the repair company will keep the warranty in place for you as the new owner you might want to look for another house.

If the problems are not major, you can ask the sellers to simply reduce the price of the house by the amount it would take them to have the items repaired. This works great if you are handy with your hands or know a carpenter or someone who can do the work for you cheaply. Normally, sellers overestimate the amount these repairs would cost.

For example, if there was a leak upstairs and the downstairs ceiling is stained, this looks like a serious problem. But if the leak is fixed and the ceiling is replastered and painted, the problem is solved. To a contractor this is a 2 hour job and cheap to fix. But for a seller to call a contractor and get it fixed it is a major hassle and will cost a few hundred dollars. Money that any seller with common sense will quickly deduct from the sales price of the home if you will let this problem go.

The home inspection and the home inspector are two of the best friends a home buyer has. Make sure you use them to your utmost advantage. They can save you a lot of money when buying a house.

  Tags : , , , , ,

  Read more...

Tips for Buying Property in North Cyprus

Filed Under : buy house by admin
Aug.23,2010

Before arriving in Northern Cyprus, make sure you have access to sufficient funds to cover the reservation deposit on a property.  The minimum deposit required in Northern Cyprus is normally £1,000 which can be paid by cash, credit card or bank transfer. Nearly all reservation deposits to Vendors are non-refundable so it’s important to be sure of your financing before reserving a TRNC property.

With many top quality developments now being completed, there has never been a better range of property for sale in North Cyprus, or a better time to invest.

Whether you are looking for a holiday home, property investment or indeed a permanent residence in Northern Cyprus (TRNC), it is important to get to know the area first and decide whether it is right for you.

Armed with your short list of areas, spend the first two days simply driving around and getting the feel of the places you are interested in. Drop into the local café for coffee, and chat to the locals. See for yourself which developments are actually busy with residents or workmen, and those that are standing empty or half-finished.

You need to take the time to compare different homes, as well as different realtors in North Cyprus, before you even think about buying a home there. By taking the time to inform yourself and shop around, you’re making an informed consumer out of yourself, which is always appreciated by the industry. No matter where you currently reside, buying real estate in Cyprus is a completely different process, and needs to be treated as such.

Buying any property is a major financial commitment, so don’t be pressured into signing any agreement. Always employ your own, independent solicitor to advise you and act on your behalf, never one suggested by a property developer.

  Tags : , , , ,

  Read more...

Quick Tips On Property Investment Buying

Filed Under : buy house by admin
Aug.21,2010

Buying investment properties can be a very lucrative business venture even in today’s real estate market. While many so-called “analysts” incessantly argue that now is the probably the worst time to invest in real estate, savvy investors and those who really know the industry believe and practice otherwise. How else would you explain the rising number of investors snapping up investment properties, or the huge number of people who are getting trained and educated to become full-time real estate investors?

These people have good reasons why they are investing in real estate. So if you want to enter the property investment buying business, here are a few simple tips that should help you get started:

1. Determine the type of investment. Before you jump into the investment property business, you should decide on what type of property you want to invest in. There are a lot of investments to choose from. Rental houses, condominiums, apartment buildings, and mobile homes offer varying kinds of risks and rewards. If you’re like the thousands of others who are new to the business, perhaps it might be best for you to start with single-family homes. With hundreds of thousands of bank owned houses and distressed properties across the country today, you can buy single-family homes for very low prices and then renovate, rehab, or resell them for hefty profit margins.

2. Location, location, location. As any investor would tell you, the three most important aspects when investing in real estate is location, location, location. Ensure that your investment property is located in a good area of the city. Investment properties that are located close to schools, shopping centers, supermarkets, and financial districts always yield good returns.

3. Determine property prices and rents. It is imperative that you ascertain property values and rents in the area where you want to invest. Property prices are readily available from brokers and local real estate offices. If you’re planning to get rental properties, ask other landlords in the area how much rents are going for.

4. Secure financing. Many people have shunned property investment buying because they don’t have capital. What they don’t realize is that you don’t need money to start your own real estate investing business. A lot of investors nowadays use other people’s money to finance their deals. With most banks getting stricter in their lending policies, a good bet for you to find the financing that you need is to turn to hard money lenders.

Property investment buying may not be for everyone, but it can be very profitable to those who are patient and determined enough to succeed in the business. If you want to learn more how you can get started investing in real estate, visit www.REIwired.com today.

  Tags : , , , ,

  Read more...

70 Ways for Home Buyers to Save Money When Buying a Home: Tip #17

Filed Under : sell house by admin
Aug.19,2010

Tip #17 in our series of 70 ways to save money when buying a house is to never tell your agent the top price you will pay for a house.

In our last tip, I explained to you the importance of having your own real estate agent on your side. And if you are going to but property you should have an agent on your side, especially if it does not cost you anything.

But, your agent is human, and there is no way to tell if he/she has your best interest in mind. The higher the price of the house you buy, and the more you pay, the larger the commission for your agent. So if the agent was selfish, she would try to get you to pay as much as possible. She wants you to buy the most expensive house you looked at because if you buy it, it will be the largest commission for her.

By pushing you just a little bit towards the more expensive house, she will make a few hundred dollars more. Not bad for a few seconds of work.

Or say you are negotiating with the sellers, and your agent knows you can pay more than you are offering. Will she be able to go in to the sellers and really sell them on the offer? Probably not.

That is why I suggest you never tell your agent or any real estate agent how much you can pay for a property.

Your agent will ask you how much you can afford, but do not tell. Give a range. Tell him,

We would be comfortable paying between 225- 250 thousand for a house.

There is no telling if your agent will keep your information confidential. By law, they are supposed to, but it is very hard to prove, and you do not want to take that chance. By giving them a range they have all the information they need to do their job well. They can show you all the houses that meet your needs in the price range you gave him. Then, if the agent shows you a house that is above your price range, you might want to think about getting another agent.

After giving a solid range, there is no reason an agent should show you a house that is above your range, unless there were not enough homes in your range. But if you do some homework, you should easily be able to choose a range that you will be comfortable with and that has plenty of homes to choose from.

By keeping this information to your self you protect yourself from the human tendencies that get us all in trouble. Realtors are human, and you should remember this.

By giving your agent a range of prices of homes you want to see, you are making it easier on the realtor to narrow down homes to show you and you can save yourself a boatload of money at the same time. The best thing is, that you would never know if your realtor did something that made you pay more. Do not let the realtor screw it up for you. Keep this information to yourself.

  Tags : , , , , ,

  Read more...

Tips on Property Buying and Selling

Filed Under : buy house by admin

Tips on Buying

The world is moving fast and technology has shrunk hours of works into minutes. We can withdraw cash, wash clothes, send messages and even cook food, all at the press of a button.

 

Internet has a major role in pacing up our lives almost on every front. The emerging virtual world of the real estate is a good example of it. People prefer to search for a product online before they actually buy it and it applies to property search as well. Online property search is catching up fast, be it a residential or a commercial plot, building, flat or office space. A customer can view all the options available on the internet and shortlist those which are relevant to his needs.

 

So for people, who want to sell or rent property, it’s an advantage to be on the internet because-

 

o It’s a cost effective medium as compared to other advertising mediums like the newspaper or the TV.

 

o Gives you more space to describe your property than a print media classified ad where you are being charged for each column centimeter.

 

o You ad has a longer life on the net and can be viewed for months unlike a newspaper ad, which fails to survive beyond one day.

 

o Buyers from any part of the country can view your ad thus increasing the reach of your ad exponentially.

Tips on Selling

 

o Decide a selling price for your home that would give you some profit but don’t overprice it at the same time. Too much of overpricing will drive away prospective buyers and your property might remain unsold in the market for a long time, eventually losing it’s appeal and people may not want to buy it later on.

 

o Make the entrance of your house tidy and attractive as it will create a good impression on the buyer’s mind when he comes to visit your house.

 

o Involving a property dealer is a good thing to do as they have hands on experience in getting these deals done and they are aware of all the legal formalities involved.

 

o If you have time on your hands, put your home for sale at least 3-6 months before you want to move. This won’t let you settle down for a hurried deal and won’t let a buyer take undue advantage of your haste.

 

  Tags : , , ,

  Read more...

« Older Posts

Copyright 2010 Housing | Real Estate | Powered by WordPress | Designed by www.zoarra.com