Archive for July, 2009
Finding a Real Estate Agent is Not That Easy These Days
Author: admin07 30th, 2009
?In today’s market it is very important good realtor to represent you.N a marketplace overflowing with opportunity, Tax benefits and variable values, proven experience, integrity, market awareness and outstanding communication skills are essential. No one can ignore qualities like that.. Home Purchases and sales are too important to place in the charge of inexperienced, unverified realtors.
Whether dealing with a commercial or residential Real estate transaction, the client should verify that the realtor is a associate in good standing with the National Association of Realtors (NAR). This membership assures the client of the realtor’s responsibility to educational programs and compliance with principles of ethical conduct and cooperation. The National Association of Realtors has been instrumental in increasing and implementing important ethical principles of conduct throughout the industry.
In addition to enrollment with the NAR, the realtor that can best locate and list for sale either residential or commercial Real estate will be a An associate of a Multiple Listing Service (MLS). The MLS is a regional marketplace that is designed to assure clients of highest exposure to existing Real estate and the cooperation of many other real estate Agencies. Whether buying or selling, clients must persist that the realtor be a member of the Realtor board.
It is essential to recognize that the term realtor refers to the agency itself. Realtors, or real estate brokers, keep agents that list, sell and lease real estate, on behalf of the realtor. However, the realtor is liable for the activity and conduct of its agents, the Firm’s marketing campaign and the interaction with other cooperating Firms. Selecting a proven and trustworthy realtor can maximize the sale of a real estate property and assure the buyer of making an informed choice.
Real estate marketing has changed dramatically in the past few years. The industry has been impacted by the advent of enhanced MLS services that have made properties obtainable for review on the internet. A recent survey showed that almost 70% of residential Real estate investors began their search Online. In today’s Market, the greatest realtors have fine-tuned internet strategies, marketing plans and communication programs that keep their agents, their listings and their clients abreast of activity as it occurs.
Programs such as virtual tours and digital photography can do much to enhance the visibility of listings and can be Changed with the availability of aerial photographs, tax documents and copies of deeds and disclosure statements. Good realtors are capitalizing on the public’s Needs for internet access by creating web logs for listings, agents and related projects.
As eminent as the internet is to overall real estate marketing, it is imperative to choose a realtor with outstanding communication capabilities. There is no reason for a realtor to ignore a call or be oblivious of market activity as it happens. The finest Real estate agents understand the importance of being on top of the market at all times and are always accessible to their Buyers and sellers. With the cellphones systems, Clients will benefit from a relationship with a Real estate agent who is always at the Prepered.
Traditional real estate marketing activities, like signs, brochures, flyers, business cards and even Open Houses still have value in the marketplace. Skilled realtors incorporate these principles with Buidling websites and advertising online to increase exposure and facilitate the purchase and sale process.
Realtors need to know the current mortgage market as well.. Many of the finest Real estate agents have direct lines of access to Mortgage companies and programs. In today’s marketplace, clients should examine the realtor’s understanding and contacts to the financing arm of the industry. A realtor’s ability to connect Home purchasers and home sellers to suitable financing can have a big influence on a property’s marketability and can help bring transactions together easily.
Whether dealing with a commercial or residential Real estate transaction, the client should verify that the realtor is a associate in good standing with the National Association of Realtors (NAR). This membership assures the client of the realtor’s responsibility to educational programs and compliance with principles of ethical conduct and cooperation. The National Association of Realtors has been instrumental in increasing and implementing important ethical principles of conduct throughout the industry.
In addition to enrollment with the NAR, the realtor that can best locate and list for sale either residential or commercial Real estate will be a An associate of a Multiple Listing Service (MLS). The MLS is a regional marketplace that is designed to assure clients of highest exposure to existing Real estate and the cooperation of many other real estate Agencies. Whether buying or selling, clients must persist that the realtor be a member of the Realtor board.
It is essential to recognize that the term realtor refers to the agency itself. Realtors, or real estate brokers, keep agents that list, sell and lease real estate, on behalf of the realtor. However, the realtor is liable for the activity and conduct of its agents, the Firm’s marketing campaign and the interaction with other cooperating Firms. Selecting a proven and trustworthy realtor can maximize the sale of a real estate property and assure the buyer of making an informed choice.
Real estate marketing has changed dramatically in the past few years. The industry has been impacted by the advent of enhanced MLS services that have made properties obtainable for review on the internet. A recent survey showed that almost 70% of residential Real estate investors began their search Online. In today’s Market, the greatest realtors have fine-tuned internet strategies, marketing plans and communication programs that keep their agents, their listings and their clients abreast of activity as it occurs.
Programs such as virtual tours and digital photography can do much to enhance the visibility of listings and can be Changed with the availability of aerial photographs, tax documents and copies of deeds and disclosure statements. Good realtors are capitalizing on the public’s Needs for internet access by creating web logs for listings, agents and related projects.
As eminent as the internet is to overall real estate marketing, it is imperative to choose a realtor with outstanding communication capabilities. There is no reason for a realtor to ignore a call or be oblivious of market activity as it happens. The finest Real estate agents understand the importance of being on top of the market at all times and are always accessible to their Buyers and sellers. With the cellphones systems, Clients will benefit from a relationship with a Real estate agent who is always at the Prepered.
Traditional real estate marketing activities, like signs, brochures, flyers, business cards and even Open Houses still have value in the marketplace. Skilled realtors incorporate these principles with Buidling websites and advertising online to increase exposure and facilitate the purchase and sale process.
Realtors need to know the current mortgage market as well.. Many of the finest Real estate agents have direct lines of access to Mortgage companies and programs. In today’s marketplace, clients should examine the realtor’s understanding and contacts to the financing arm of the industry. A realtor’s ability to connect Home purchasers and home sellers to suitable financing can have a big influence on a property’s marketability and can help bring transactions together easily.
read comments (0)Parking Spaces As Real Estate Investments
Author: admin07 29th, 2009
One of the more unusual but sometimes profitable real estate investments is buying parking spaces. In every large city, including Chicago, there is always a need for parking and demand outpaces supply. Even with public transportation readily available in large cities, the high gas prices and the growing trend of green living and conservation, Americans still love their automobiles. Parking spaces are always going to be needed, and there are investors who are banking on it.
In Chicago, Mayor Daley is proposing lowering the number of unpaid parking tickets from three to two before you get booted. Right now it costs $60 to get a booted car back, along with paying all tickets owed. A booted car will be towed after 24 hours, so you could have an additional towing fee of about $150 plus storage costs. It could add up to several hundred dollars in a few days. Records show that there were almost 59,000 autos booted in Chicago last year (2007), so there obviously is a need for parking that isn’t being met.
So how much does a deeded parking space cost? It depends on where you are located. In New York, it’s possible to pay more than $175,000 for a prime parking spot. In Chicago, deeded parking spaces run anywhere from $20,000 to $65,000 or more in some of the trendy new construction high-rises or downtown locations. High profile developments like the Chicago Spire listed here http://www.bestchicagocondos.com/pre-construction-condos/chicago-spire.html usually allow for parking for all of its future residents for a fee in addition to the condo price. Some buyers will opt for a second space if one is available and others may decide not to purchase one at all. In many smaller Chicago real estate developments, no parking is offered with the condos.
According to Parkingsearch, the value of parking spaces has increased by quite a bit over the past few years. Their research finds that in Chicago the average parking space sold for $28,000. By 2006 that increased to $30,000 and last year in 2007 it was about $33,000. With a fixed rate loan of 6 percent there is definitely a profit to be made. It may be a bit if a challenge to find a bank to loan you the money, but it is certainly doable. You monthly payment should be in the range of $200 and the going rate for renting a parking space in prime spots can be as much as $300 to $500.
You need to keep in mind that you’ll have a few fees associated with owning a parking space. It isn’t all profit. While you won’t have much upkeep on the spot, you will probably have to pay a maintenance fee to the building or condo association. A deed must be obtained, liability insurance is a good idea and yearly taxes must be paid.
When looking for a good parking space investment, factors such as the garage being heated, secure entrances and what level or floor the spot is located on if it is a multi-level garage all come into play. Also whether or not there is an elevator can increase the value. You should also do your research and see how well the units in the building have sold. Buying a parking space in a building that is only half sold or rented won’t be a good investment.
Some real estate agents may be able to help you find available parking spaces and many developers are turning to auction houses to liquidate condo inventory, including parking spaces at a deep discount. Around 27 spaces at Millennium Center were auctioned off this past spring, and 10 of those were sold absolute. The suggested opening bid for those spaces was $10,000 to $12,000 and they had been priced at $49,000 to $65,000 each.
Parking spaces as investments may have never occurred to you, but the next time you get a parking ticket or find your car booted, it may sound like a fantastic idea.
07 29th, 2009
Paradise Property Bali is the leading Bali real estate developer and property investment company. When it comes to buying the Bali real estate, Paradise Property offer fantastic property investment opportunities in Bali for private villas in Seminyak, luxury houses in Canggu, cliff top locations in Jimbaran and The Bukit, secluded beachfront in Candi Dasa and mountain and river views in Ubud.
Paradise Property Bali can help create lifestyles most people can only dream of with real estate options that include buying off plan in a gated community, to buying an already constructed luxury Bali private villa.
Paradise Property Bali provides fully integrated property investment services including architects and interior design, construction and quality control to European standards as well as Bali villa management and Bali villa rental services.
With discerning international clients and a large investment base, Paradise Property Bali knows that with global investment comes the expectation for quality and excellence. The architecture, interiors and finishing of all developments with Paradise Property Bali is of the highest international standards. So important is the quality aspect that a wood preparation facility and specialised kitchen manufacturing and design service using the finest quality European fittings are also being created by Paradise Property Bali to maintain standards that are second to none.
Looking at resent tourist boom and Bali’s many developments, Bali real estate still remains a buyers market, where a suitable Bali development for anyone’s taste is available.
Resent tremendous growth in both arrivals as well as people who wish to stay and live in Bali real estate has attracted more and more serious and larger development companies. The Bali developments are also more and more being developed with in now better exposed zoning law’s and areas, as well as building and construction regulations. The Bali villa buying market is also becoming more sophisticated, and as a respond most Bali villa developments now has a fairly good to even similar to European standards. Recently there has also been a trend where Bali developers offer a wider range of design and interior opportunities, even though most Bali developments has a strong Balinese touch to it.
Key words for a successful Bali real estate development is still about great location, quality build, recognized architect, as well as established management brand name attached to it.
At this stage Bali developers still source most building material locally in Bali, and around Indonesia. But also in this area more high end Bali developments has started to import some of the needed material, specifically interior and furniture. Bali land prices for Bali real estate projects in Bali residential market is still also very much undervalued with about 40% compared to Thailand and the market therefore sees a strong value for money buying into Bali developments.
Villas for Sale and Rent
We have a villa management and villa rentals department for our own developments as well as for some of the most exclusive and luxurious individual properties in Bali . A dedicated website at Paradise Villa Rentals has been created to provide you with details, information and prices to make your next trip to Bali a truly memorable event.
Land build packages
Paradise Property Bali also develop land build packages whereby an investor can ask for their own private dream home to be built on a plot of land. We will source the land, source the architects and liaise between the owner and all parties concerned to make sure the highest quality of build is achieved.
Exclusive locations
We offer the best property investment in the most exclusive and sought after destinations of Seminyak, Canggu, Jimbaran, The Bukit, Ubud and Candi Dasa ; from prime beachfront to picture postcard rice fields and stunning mountain views, members of the Paradise Property family will have choices of luxury private villas most people can only wish for. An impressive list of prestigious developments in Central London, Geralds Cross, UK; Flagler Beach, Florida USA; Port Andraitx, Majorca and Marbella, Spain and the Casa Nova in Albufeira, Portugal is testimony to Paradise Property’s pedigree.
Property investment
With discerning international clients and a large property investment base, Paradise Property Bali knows that with global investment comes the expectation for quality and excellence. The architecture, interiors and finishing of all developments in all locations are of the highest international standards. So important is the quality aspect that a wood preparation facility and specialized kitchen manufacturing and design service using the finest quality European fittings are also being created to maintain standards that are second to none.