Posts Tagged ‘real estate’

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Getting the house of your dreams

Saturday, April 30th, 2011

Nowadays, there are a lot of people that are interested in buying a real estate in Playa Del Carmen home and their reasons most of the times stack up to the fact that they are very much tired of living with their parents or they just hate apartments. When you will get to buy a home, you will see that there will be many options that you will be able to benefit from. And we all know that most of the times, people will not have the necessary money in order to deal with something like this and they will need to go for a loan. Below, we will take a look at the types of loans you can take advantage of if you want to buy a home.

If you are interested in the akumal real estate you can always get an FHA loan. It doesn’t matter what type of home you will want to buy, for you will certainly be able to get a low down payment for it. Currently, you can take advantage of one such loan with as little as three point five percent down on the house. Remember though that the government is insuring these types of loans.

If you want, you will also be able to go with a conventional loan. They don’t have anything to do with the government, yet the lenders that will offer them will be the exact lenders that are offering you the FHA loans. When it comes to such loans, you will see that they don’t need to absolutely fall within the government’s restrictions or have the down payment lowered.

When it comes to the fixed rate mortgage, this is the type of loan that millions of people go with. This means they will have to pay a fixed amount of money on the duration of their loan that will never change until the loan is covered completely. This is a type of loan for those people that will never like to be surprised with a high mortgage at the end of the month.

If you want you will also be able to take advantage of adjustable rate loans when you will want to delve into buying Riviera maya real estate. It means that you can have the rate changed depending on the monetary fluctuations. This is a type of loan for people that don’t plan on living in that home for more than a few years.

Be sure to analyze all options when you will want to buy a home, so you can benefit from the best one.

If you loved this article and you would like to receive more info regarding real estate in Playa Del Carmen and akumal real estate, kindly visit us.

Article Source: http://www.articlesbase.com/real-estate-articles/getting-the-house-of-your-dreams-4705035.html

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Richard is a full time internet marketer, with more than 6 years of experience in giving advice to thousands of customers on choosing the best products online

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Purchase A Home In Miami Foreclosure Market

Saturday, April 30th, 2011

You do not have to be expert in order to enjoy an amazing deal in buying a quality home in Miami foreclosures. The market is filled with thousands of foreclosed and bank-owned properties that come in single family home to condos.

What you need to do is to pay attention with the fine details that are involved in the acquisition in order to ensure to get your money’s worth in buying a quality home in the foreclosure market in Miami.

The first thing that you need to consider is the type of home that you want to purchase. As mentioned earlier the market is filled with different properties that are available for sale. You can easily find single family homes, luxury condos, apartments and vacation homes in the city and you have to determine your needs and want in order to pick the right one.

You have to make a checklist of specification of your ideal home such as number of bedrooms and baths, kitchen furnishings, size of the home, its interior design, garden, playground, swimming pool and the likes. Having all of this information ahead of time will help you easily decide the type of home that you need and want.

As you make your plans, you have to include planning for the perfect location. You have to determine ahead of time the location in the city where you plan to settle down. You have to determine whether you want to live in a waterfront property or in the middle of the city. It is also important to determine the neighborhood that you prefer.

Properties in Miami are known for their expensive price. But if you want to have great deals on these properties, then try to consider checking the Miami foreclosure market. Properties in this market are cheaper than in any other market but this does not mean that you will skip the planning stage of home buying. You have to check out your financial reserves in order to determine how much you can safely dish out for this project without putting yourself in financial trouble in the future. If you do not have enough reserve to afford your ideal selection, try to look for additional funding by checking out home mortgage that offers low interest rate and easy terms.

If you think that you knowledge and skill is not enough to deal with Miami foreclosure market, then you can always ask for help from those real estate agents that specialized with foreclosed properties. They can easily help you find the best property for you by pulling out all their resources. They can easily process all the necessary requirements to get the property under your name in the shortest possible time.

Ella Ayson
Miami Foreclosure

Article Source: http://www.articlesbase.com/real-estate-articles/purchase-a-home-in-miami-foreclosure-market-4699382.html

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Ella Ayson writes for Jump2top.com – SEO Company

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Searching the Estates in Sarasota Florida

Friday, April 29th, 2011

Sometimes a half-hearted search for the real estate in the Sarasota Florida can become a passionate pursuit for the investors and the home buyers who come across to invest or to purchase the homes in Sarasota Florida. If you want to have beautiful residency in the Florida then you can always consult the Sarasota Gold Club and residential community because they are considered to be the most stable performer in the current market. They are in the market since 1990 and are considered to be the masterful integration of the residential neighborhood which is situated near the gold course along with the complementary community amenities.

This real estate development company is thriving here over the last 2 decades because it is centrally located. Major highway is near-by and hence you can be easily connected with the 75 Interstate. Moreover it is also linked to the Arterial Clark Road East. The best thing is that all the Sarasota fl homes are much closed to the centers of arts and cultures, restaurants and shops. You can always enjoy the fabulous Gold Coast beach resorts specially which are located at Siesta Key which is just 15 minutes away.

Twin Lakes Park is also near to this Gold Club residency because of which there is always a resort-style ambience. You are always close to the nature because of the marshlands, lakes and the scenery of woodlands within the golf enclave. This pristine environment is even more enriched by the presence of the birds at the hospitable wildlife habitat which is also situated within the complex. Another major attraction of this clubhouse is the spacious area for dining which is located with 17,000 square foot high. The best part is that this dining area has got the 5000 square foot banquet rooms which are especially suited for the large functions along with the lakeside dining area which is 1800 square foot.

Another reason why most of the people and investors are coming to this place is because it has got the semi-private golf clubs which offer the attractive membership from 2800$ to 5800$. The daily golf fee is also very competitive and in the summer times the fees is just $22. While on the ordinary days the fees can range between $30 and $65 which depends on the tee-off times. This area is very much famous for its superb greenery and its tricky doglegs and hence it has got the superb golf playing conditions.

Article Source: http://www.articlesbase.com/real-estate-articles/searching-the-estates-in-sarasota-florida-4697834.html

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Jag Jenny shares knowledge on homes in Sarasota Florida for sale and Sarasota fl homes that make you able to find the place that best fits your needs.

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Investment Property Vultures Brings Discounted U.S. Real Estate To Chinese Investors

Friday, April 29th, 2011

More and more U.S. real estate investment expos are being held in Beijing, China.  Many have shown to have a great turn out as Chinese buyers are taking advantage of the discounted U.S. real estate. The Chinese economy is far less affected by the current crisis compared to the U.S. combined with the high savings rate of Chinese households, puts the Chinese buyers in a great investment position. Chinese buyers flocked to the expo to finds ways to take advantage of the situation and buy discounted U.S. real estate.

 

Exhibitors like Investment Property Vultures showcase discounted resale and government auction solutions. According to Investment Property Vultures, buyers show particularly strong interest in Florida and Texas.

 

Theses three-day events concentrate on investment potential of U.S. real estate. Despite the strong Chinese economy, buyers were interested in diversifying investments. While other were drawn by the investment U.S. green card opportunities available though the EB5 program. Investors say this is a great time to participate in an investment immigration U.S. green card because the underlying property is so heavily discounted.

 

The frenzy is consistent with comments by Lawrence Yun, National Association of Realtors chief economist, “A steady share of investment-home sales results from buyers taking advantage of deeply discounted prices in many areas, with a smaller portion of new homes in the sales mix.”

 

Many analysts believe that the U.S. government plans are starting to turn around the U.S. real estate market. “Over time, lower mortgage rates should help to improve conditions in the housing market, whose persistent weakness has had a major impact on economic and financial conditions more broadly,” Bernake said.

 

For foreign investors the interest shown by the Chinese buyers is definitely a sign that this is the right time to take advantage of the U.S. real estate discounts.

 

To contact one of the featured exhibitors at these expos, Investment Property Vultures, which offers bank repos and distressed properties but also, government owned properties, investors can contact them via their website www.investmentpropertvultures.com or email them at info@investmentpropertyvultures.com.

 

Article Source: http://www.articlesbase.com/real-estate-articles/investment-property-vultures-brings-discounted-us-real-estate-to-chinese-investors-4694022.html

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Fractionalize your foreclosure property

Thursday, April 28th, 2011

Let me tell you about an investment strategy that very few investors think about doing with their foreclosure properties.

You purchase a luxury foreclosure property in a vacation destination such as Florida, Arizona, California, Nevada or Colorado at a foreclosure auction or from the bank directly such as a REO property. Then, you turnaround and sell fractional shares to buyers who want to use it as a second home and/or vacation property.

It’s better than a timeshare because the buyers actually own an interest in the property. This is a great niche market for anyone who has a property that he or she is having a hard time selling, too, because fractionalizing allows you to sell the property to several buyers at one time for more than one buyer alone would be willing to pay.

Here’s how it works:

You can sell your property based upon a calculated formula such as the one below:

1/4 ownership buyers get 13 weeks each out of 52 weeks total (with no unused weeks)

1/6 ownership buyers get eight weeks each out of 48 weeks total (four unused weeks)

1/7 ownership buyers get seven weeks each out of 49 weeks total (three unused weeks)

1/8 ownership buyers get six weeks each out of 48 weeks total (four unused weeks)

1/10 ownership buyers get five weeks each out of 50 weeks total (two unused weeks)

1/12 ownership buyers get four weeks each out of 48 weeks total (four unused weeks)

1/13 ownership buyers get four weeks each out of 52 weeks total (no unused weeks)

1/17 ownership buyers get three weeks each out of 51 weeks total (one unused week)

It is always a good idea to keep at least two weeks free for maintenance and repairs.

You sell each buyer an ownership interest in your property and in exchange give them an ownership deed for their proportional interest, which represents the number of weeks they receive based upon a formula you select.

All the buyers enter into an operational agreement with each other, sharing the costs of maintaining the property, including taxes, insurance and repairs and setting forth the number of weeks and which weeks each buyer gets to use the property. They can rent out their weeks if they decide not to use them. Typically, the owners also enter into a management agreement with a management company so that the owners don’t have to worry about managing the property.

Why it works?

This strategy works because any seller can convert his or her luxury property into fractional share real estate, providing the property complies with state or local laws and any governing homeowner association’s rule and regulations. It is a good idea to talk to a real estate attorney in the state in which you purchase the property first to make sure your property qualifies and is in compliance.

What are the benefits?

Keeping a portion of ownership in case you want to use the property or rent it out

  • Selling a property that has been sitting on the market for awhile for more than if you sold it to one buyer
  • Buyers are willing to pay more than market value because they get an appreciable resort-style property that they could not afford on their own to use as a vacation or second home, and the costs of maintaining the property are shared with the other owners.
  • It’s a hassle free way to own vacation or second home property without the burden of home ownership.

Fractionalizing real estate is a win-win strategy for the seller and the buyer.

The seller gets to sell their property for more than they could if they were selling it to one buyer or investor, and they can still reserve the right to use the property or rent it out. The buyer gets to purchase a luxury property without the responsibilities of home ownership.

Right now is a perfect time to buy a foreclosure property at a discount price and fractionalize it or fractionalize a property that you already own that you have not been able to sell.

 

Article Source: http://www.articlesbase.com/real-estate-articles/fractionalize-your-foreclosure-property-4693414.html

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Foreclosurefreesearch.com is the source for homebuyers and investors. Search all foreclosed homes for sale in your area for a home 30-50% below market value.

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