There Are Many Different Terms Floating Around That Describe Triple Net Leases

Category: Finance, Real Estate.

There are many different terms floating around that describe triple net leases.

For the sake of continuity, this article will refer to them as triple net leases throughout. Some of these are NNN leases, triple N leases, true net lease, net net net leases or even the" hell or high water" lease. Most definitions agree that a triple net lease is one in which the lessee pays rent to the lessor, as well as all taxes, and maintenance expenses, insurance that arise from the use of the property. At a typical busy intersection a person can look around and see many recognizable names that use triple net leases, such as Wal Mart, Wendy s, Home Depot, etc, Office Max. For the most part, businesses like fast food restaurants, chains and national retailers are most apt to use a triple net lease for sale. Like with any type of leasing contract between an owner and a tenant, the triple net lease for sale lays out who is responsible for what as far as paying the bills. Although this may seem an unfair advantage for the owner, the terms of the triple net lease have pluses and minuses that lie with both the landlord and the lessee.

In this type of lease the obligations will always lie heavily on the side of the renter, as the above definition states. Let s look at a few of these for each side. The landlord may not feel it is worth his time to lobby against a pending tax increase because he will not be responsible for paying it. Advantages/ Disadvantages for the owner: -Since the lessee is responsible for taxes, any property tax increase on the property is going to be at the expense of the renter. On the other hand, if a tax increase goes through and the tenant moves out, it may be very difficult to find a new renter if the taxes are prohibitive. -Another advantage for the landlord is that the lessee is the responsible party for acquiring property insurance and keeping up with the payments. On the downside, if a tenant is undergoing money difficulties, it is not unheard of for them to inflict willful damage to the property in order to collect the insurance money.

This is all well and good as long as the insurance is a reputable and complete coverage and the person making the payments is not experiencing any unforeseen financial problems. To counteract this, some owners will stipulate that a reserve fund, or bond will figure in as part of the triple net lease agreement. Since the tenants are responsible for the maintenance of their leases, they are usually very agreeable with keeping things in good condition and even making improvements at their own expense. This is an amount that the tenant will regularly pay into an account that will accrue over time and be used in case of financial difficulties or bankruptcy. -A very attractive advantage of the triple net lease for the landlord is the fact that a building can generate a high level of income with very little input or effort. Advantages/ Disadvantages for the Tenant: -With a triple net lease for sale, a tenant can enjoy many of the upsides of ownership such as control over the property that does not involve the large capital outlay that goes along with actually buying a new office or building. -A triple net lease for sale is usually written for a term of at least fifteen years and could be as much as fifty years. This can be a great advantage of" rent control" in a time that typically sees rent increases occurring yearly with gross leasing contracts. -A renter can initially, during the contract negotiation stage, bargain for a cap to be put in on how high property taxes can raise.

This benefits the lessee in that during this time the money paid as rent will see very little, if any increase over the length of the contract. After a certain agreed upon amount is reached, the landlord becomes responsible for covering any amount over the cap limit. In reviewing the advantages and disadvantages of the triple net lease, one thing stands very clear- it is of paramount importance that the terms of the contract be made very clear to both parties. Lessees can also try and negotiate similar limits to be set on insurance premiums and maintenance/ upkeep costs. The contract should be thoroughly read by both the landlord and lessee before finalizing. It is always also a good idea to seek out and consult a lawyer who deals primarily with real estate issues to help get things finalized to the satisfaction of both parties.

What Is The Foreclosure Spiral, You May Ask

Category: Finance, Real Estate.

If you are trying to settle divorce issues, financial needs will definitely surface especially if you and your ex- spouse want an equal division of conjugal assets. Releasing total equity of your home would require you to sell it.

It seems that in this division of assets, your old home will be a bit of a problem. And because each of you would want to get on with your separate lives as soon as possible, having a quick sale is the solution. A soon to be divorced couple who is new to the whole real estate jargon, more often than not, fall victims to the foreclosure spiral. But the way to a quick sale does not always come smoothly especially with little knowledge of property sales. Let s talk about mortgage before we go on to the foreclosure spiral. The thing about mortgages is that you do get the fast cash and keep the ownership of your home at that but the fast cash comes in the form of a loan.

To most neophytes in the real estate arena, mortgages appear to be the only means of getting the fast cash to hasten a divorce settlement. This loan is usually payable on a monthly basis with the addition of tax and interest payments. Hence you lose more money in the long run. Sometimes you would end up paying more than the sum you ve borrowed. The danger about mortgages is with the monthly interest payments. But in whichever case, there are still unforeseen and uncontrollable circumstances that could affect your ability to pay these dues.

They could, stay the same, at best, and at worst, go up. One could be the loss of a job, for example. What is the foreclosure spiral, you may ask. Losing your job will definitely affect your capacity to pay your mortgage dues and in the event that you are unable to meet the requirements set forth in your mortgage deal, you could fall prey to the foreclosure spiral. A foreclosure usually starts when you are unable to pay your monthly mortgage bills. A foreclosure is a legal strategy that banks or lenders use to acquire the lost money in a defaulted loan. When this happens, the bank or lender files a petition for a foreclosure and legal proceedings will be held.

Simply put, because you are unable to return the cash, they take your house instead. Cashout Options is a California- based company that purchases single- family and multi- family homes throughout the state. Among the various foreclosure options you will find out there, the safest and easiest is selling your old home to Cashout Options. Unlike other companies that are finicky when it comes to what property to purchase, Cashout Options purchases various kinds of properties, dilapidated ones found, even rundown in poorer neighborhoods. Because Cashout Options cares for its customers, it provides foreclosure assistance that will help you in stopping foreclosures. Believe it or not, the company also purchases homes that are in danger of repossession because of foreclosures! Its experts will provide you with vital foreclosure information and various foreclosure solutions that would fit your situation.

If you want to avoid foreclosures, you should learn not to commit the neophyte s common mistake of hiring some real estate agent to list your property for sale in the open market. They run things on a case to case basis so they could provide you with fitting foreclosure help. This not only allows the probability of foreclosures but also delays equity release since it takes months to years for your property to sell. All you need to do is fill out an online sellers form found in the company s website: www. cashoutoptions. com or contact the company s local affiliate. With Cashout Options, you are guaranteed to prevent foreclosures and at the same time sell your property for as quickly as 48 hours. The company will assess your situation and contact you in 48 hours to 7 days.

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The Customers Of Real Estate Investment Broker Are Seller And Buyer Of The Real Estate To Be Sold - Finance and Real Estate Blog:

For most people, the purchase of their home is the best possible and most important investment they will make.

Part Of The Decision Was To Open In Menorca, The Quietest Of The Three Balearic Islands

Category: Finance, Real Estate.

Despite the recent banking crises in the UK, one of her best known banks and mortgages provider is to open three new offices on the Spanish islands of the Canaries plus the Balearic island of Menorca to meet demand for Britons looking to buy a home in Spain.

Part of the decision was to open in Menorca, the quietest of the three Balearic Islands. The decision by the Halifax was taken from data showing a trend towards Britons buying homes overseas, with Spain the most popular choice. Commenting on the move a local travel guide commented: While Majorca and Ibiza are possibly better known than Menorca, it s perhaps not so surprising that the bank has decided to open an office on the island. Once bought, Menorca villas are often let out to holidaymakers, with the season generally running from May to end September. The typical buyer for property in Menorca is normally older than that for Majorca and Ibiza, which could mean they are hoping to service their investments and pensions along with a normal account- especially for those moving full time to Menorca. Commenting on the new bank branch in Menorca, the company said that the opening of branches away from mainland Spain is an important step in the development of their branch network, and that they will continue to target the Spanish islands in addition to their Spanish mainland business. As one of the Balearic Islands Menorca is close to better known Majorca, which like Menorca has welcomed many visitors back to live full time on the island. Property prices in Majorca are similar to Menorca property, with a range of apartments and villas in both rural and town locations, and with twenty golf courses plenty of golf course developments too.

Menorca property has proved popular too, for those looking for a gentler pace of life than big sister Majorca. Menorca has just the one golf course, recently extended to eighteen holes, and is located in Son Park, which has a choice of hotels, apartments and villas for holiday makers. The third island in the Balearics is Ibiza, which in turn attracts a different age group and property buyer compared to Menorca and Majorca. The cost of flying to Menorca and Majorca has come down in recent years from most European countries due to low cost airlines, especially in the island s core tourist areas of the United Kingdom and Germany, and last year easyJet started direct flights from London s Gatwick Airport to Menorca, having served Majorca for some years already. Clubbers from around Europe, and especially from the UK, descend upon Ibiza in the summer months for a week- and often two- of non stop partying. Demand for flights to Ibiza has been high enough in recent years for a low cost airline to start two new services from the UK to Ibiza, which should see the number of tourists on the island rise this year. Ibiza runs second only to the UK s main cities of London, Manchester and Liverpool in terms of popularity for clubbers, and some of the Ibiza clubs are as well known as any in the UK, with some clubbers visiting frequently enough to consider buying an apartment on the island.

The two new routes are from Edinburgh in Scotland twice weekly, and London s Luton Airport with both routes offering a daily service. This will be an attraction for those considering buying a property on one of the Spanish islands, and this in time will again attract the British banks to open new offices to cater for those considering buying an apartment or villa.

In Flat, Or Declining Real, Soft Estate Markets, It Is Very Risky To Invest

Category: Finance, Real Estate.

Mobile homes offer a tremendous amount of opportunity for savvy real estate investors, but if you re familiar with the stereotypes about manufactured home appreciation( or lack thereof) , you may be reluctant to add this housing type to your portfolio. Most investors don t understand how to use a real estate option, which is unfortunate because it is one of the most powerful tools in real estate investing.

Czech Republic- The majority of real estate investors consider Prague the only city worth targeting in the Czech Republic but the country s other cities like Brno also offer an investor opportunity to purchase residential accommodation for rent to the domestic and expatriate professional population. I feel that private investors, as opposed to government agencies, should be key players in taking control of these real estate assets, " re- pricing" them to provide for the housing needs of regular people on a more realistic, economic basis. Bank Owned Properties( also known as Real Estate Property or REO) - Banks take back ownership of the property because the owner failed to make mortgage payments. Well, the market was growing at drastic pace that real estate buyers camping for days to get a condo or a home in Preconstruction and turn around and flip it for profit. However, these are the conditions that mean real estate investors can pick up a deal. The opportunities for real estate investors who are trained in foreclosure and pre- foreclosure strategies are significant and growing. If any of these points are encouraging you to seek new options in your business then make sure to sign up for the monthly" Grow your Real Estate Investment business" e- mail newsletter from www.

Just as a builder won t begin construction without a blueprint, eager real estate investors shouldn t rush into new ventures without a plan. This land is ripe for residential and tourism development and because the demand for hotels and luxury beach front property is at its most intense in Mexico right now, this means that an investor who buys beach front real estate in Mexico is probably buying themselves one of the most promising investments possible. In flat, or declining real, soft estate markets, it is very risky to invest.

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This Will Allow Your Loan Provider To Assist You In Finding That Ideal Mortgage Of Yours - Finance and Real Estate Blog:

Buying a house is quite a tough job.

French Place Is A Great Austin Neighborhood Without - Finance and Real Estate Articles:

Nestled in central Austin between Airport Boulevard and Manor Road lies the quiet yet vibrant neighborhood of French Place. While French Place s houses are generally no more than two to three bedrooms, many houses have interesting add- ons to enhance functionality without resorting to cookie- cutter remodels.

Is It A Good Neighborhood - Finance and Real Estate:

Buying a house and relocating is exciting.

For Retailers With International Ambitions, Property Decisions Are Ever More Complex And Represent A Considerable Challenge

Category: Finance, Real Estate.

CB Richard Ellis, the world s largest property advisory firm, has called on retailers to place greater priority on their property strategies.

A lack of transparency in the property market, not only in emerging markets but even in parts of Asia compounds the difficulties. For retailers with international ambitions, property decisions are ever more complex and represent a considerable challenge. The property related risks and opportunities associated with entering new markets were discussed by leading retailers at the inaugural World Retail Congress in Barcelona. This clearly becomes more challenging when retailers move outside the familiarity of their domestic markets and more challenging still when these markets are less mature. Marks and Spencer, Harvey Nichols and, Fast Retailing METRO Cash and Carry joined Bryn Davies, Retail Services, Executive Director, CB Richard Ellis in Greater China, to discuss the impact of international property decisions on retailers business fortunes. "It is no coincidence that the world s most successful retailers are those that place as much importance on their property strategy as they do on the product they sell, " said Bryn Davies. "Total alignment of a retailer s business ambitions with their property plans is a key factor for success. Differences in sourcing retail estate, costs of occupation, lease law, planning and tax regimes are material and not always straight- forward. " To help improve transparency and local market understanding, CB Richard Ellis has launched Understanding Retail Destinations , the first global guide to retail real estate.

Compiled by CB Richard Ellis global retail network, the guide answers the questions most frequently asked by clients. This extensive guide incorporates all major retail locations worldwide- 82 cities across 46 countries- and provides a unique comparison of distinctive retail characteristics at an international, regional and local level. Bryn Davies continued, "With the accelerating pace of globalisation, truly international property understanding will only become more important. Aspects to be covered include what to expect in property transacting, how to effectively source real estate, franchise models which exist and, a review of the domestic and international retailers present. Retailers need to be confident that their property interests will serve their long term business needs. " "It is incumbent on the property community to improve real estate transparency and help the retail industry understand the background to their decisions in a more comprehensive way. Understanding Retail Destinations represents the first in a series of steps to work in close association with the retail industry to generate more readily available information and help retailers to make more informed property decisions. " CB Richard Ellis global network will be producing a series of detailed country briefings which will provide advice for retailers planning entry into a new market. These briefings will provide a more comprehensive assessment of risk, as well as opportunity.

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In Summary, I Am Not Saying You Have To Buy In A Bad Neighborhood - Finance and Real Estate:

When people call me, typically one of the first requests they make is for a house in a" nice" neighborhood.

Some Florida Home Builders Have A" One Size Fits All" Mentality, And Build All Of Their Homes To Look Exactly Alike Inside And Out - Finance and Real Estate Articles:

Some Florida home builders have a" one size fits all" mentality, and build all of their homes to look exactly alike inside and out. By making all of the decorating choices for the home buyer, these builders are able to increase their profits by purchasing their materials in bulk.

Your Lender Will Send A Closing Statement - Finance and Real Estate Articles:

For many people, owning a home is a sign of accomplishment.

One Of The Most Popular Ways That Buyers Do This Is To Buy A Foreclosure Home

Category: Finance, Real Estate.

The cost for real estate is on the rise in many areas.

One of the most popular ways that buyers do this is to buy a foreclosure home. This has led prospective home buyers to look for new and fresh ways to buy as much house as they possibly can for as little money as possible. There are two types of foreclosures that you can buy and you can save a lot of money with each type. Or you can buy a home that has entered foreclosure proceedings but has yet to be foreclosed upon and is still in the hands of the homeowner. The first way that you can buy a foreclosure home is to purchase a home that has already been foreclosed upon and is being offered for resell at auction or by the mortgage company. Both types of purchases have their advantages, but they take a little more work than a conventional purchase.

You can find these properties by reading notices in the paper or by contacting your local courthouse for a listing of upcoming real estate auctions. Buying a house at auction or through a mortgage company is probably the easiest way to buy a foreclosure home. The disadvantages to buying a home this way is that there will be multiple bidders or offers for the property which will make it more difficult to purchase the home you ve set your eye on. Buying a foreclosure home that is still in the hands of the homeowner gives you a little more flexibility as far as financing is concerned. You will also have to be able to provide a substantial down payment at auction with the remaining balance being due shortly after your bid is chosen. You can finance these purchases the same way that you would any other type of real estate purchase and may even be able to secure a loan that requires no down payment.

While it takes a great deal of extra work and planning to buy a foreclosure home many people feel that the rewards they receive are well worth the effort. The downside to buying a distressed home is that you have to research court records to find such properties and then cold call homeowners who are already emotional about the potential loss of their home. In many cases, foreclosure homes can be purchased for a fraction of what they would cost on the real estate market. Foreclosed properties may even be an option for families who thought they would never be able to afford a home of their own. This can make properties in exclusive neighborhoods affordable or leave enough money left over to completely remodel the home. Granted, some foreclosed properties need a lot of work, but many do not need any work at all.

Just be sure to research the property for potential repair issues before you buy a foreclosure home. So, don t think that buying a foreclosed property equals buying a fixer.

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You, As A Home Buyer, Must Receive A Good Faith Estimate From The Lender Or Mortgage Broker - Finance and Real Estate Blog:

Sadly, dishonest activity exists in the marketplace. As a home buyer, there are certain rights granted to you as you search and apply for a mortgage loan for your home.

Just One Minute And You Are There: In Your Dream Mallorca Holiday - Finance and Real Estate:

Lovely apartments available for rent, right on the sea front Mallorca make your mallorca holidays the best holidays ever.

A New Year End Report Corcoran Group Real Estate Has Given Us Some Of The Most Reliable Data To Date On The 2007 Market - Finance and Real Estate:

There hasn t been a year like 2007 for Manhattan real estate in a long time.

Whether You Have An Apartment For Rent In Spain, A Spain Holiday Rental Property Or Villa Rental Property, You Might Be Considering Handling All The Rentals Yourself

Category: Finance, Real Estate.

Whether you have an apartment for rent in Spain, a Spain holiday rental property or villa rental property, you might be considering handling all the rentals yourself.

From advertising in local, national and international venues to house cleaning and maintenance, you could spend more time handling all these details than it s worth. But, be aware that there are many small details when renting property on your own. Fortunately, third- party property rental services have been established to help you with these details so you can just collect the apartment or vacation rental payments and forget about it! Dependable Property Rental Management from a Distance. Below are three explosive benefits of using a property rental service for your apartment, home or villa. Perhaps you live in the United States, but own holiday rental property for golf holidays in one of these areas of Spain- Costa del Sol, Benalmadena, Marbella, Fuengirola, Puerto Banus, Mijas, or Elviria.

A property rental service that specializes in Spain rental property already knows all the formalities. You might have a tough time managing your property from a distance because of legalities such as insurance, building permits, taxes, utility set ups, etc. They already have all the right contacts, and you can rest assured that every detail is being handled properly. Cleaning and maintenance for your vacation rental property is probably the most demanding task. Eliminate Cleaning and Maintenance Worries. Perhaps you live too far from the rental property or are too busy to clean it yourself and keep up with maintenance.

A rental property service will manage the cleaning by hiring maid services for departure cleanings or midweek cleanings. If that s the case, you will benefit tremendously by hiring a rental property service to handle this for you. They will also schedule regular maintenance for the rental property and take care of emergency repairs when needed. Getting new tenants or vacation renters is no piece of cake. No More Marketing Headaches. You must advertise your villa rental or holiday rental vacancy, interview with potential tenants, provide welcome packets for guests, check inventory before and after each stay, etc.

Owning a holiday rental property in Spain can bring many great benefits- and profits. A rental property service can handle all this and more for you. With the help of a rental property service, you can maximize your tenant or holiday rentals while saving valuable time for more important things!

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So, You Want To Know What The House Price Would Be Equal To Paying$ 1000 Per Month - Luisa Chadwell about Finance and Real Estate:

When someone decides to buy a house, one of the first tasks is to talk to a lender and determine the maximum loan they can get.

A Refund Can Be Claimed If The Withholding Tax Is Above The Tax Liability - Finance and Real Estate Blog:

In view relevant of the provisions, which include the US Canada- US tax treaty of 1995, Canadian residents( not those who fit US resident criteria) buying property in the US must do their tax planning accordingly. US laws lay down certain criteria to ascertain resident/ non- resident status.

Not Every Cyprus Property Investment Can Be Considered As A Safe Bet - Finance and Real Estate Blog:

Foreign property investment is an issue that remains of great interest to investors who are looking to buy second homes or even properties in order to assure an extra rental or reselling income. This trend remains quite strong when it comes to overseas property because this investment is mainly regarded as a less risky process.

The Fourth Thing You Should Consider Is Parking

Category: Finance, Real Estate.

Many people may consider this common sense but I deal with a lot of buyers who do not consider one or more of these factors when purchasing a home.

The first thing you should always consider is the value. If you consider these 4 items you will have a better experience when purchasing a home. There are many ways to determine the value of a house but the most common is an appraisal. Many people do not realize that in a buyers market like we are currently in you should rarely pay more then the appraised value for a property. If the value of the home comes in lower then purchase price you may have some room to negotiate the price down in your favor. The Second thing you should consider when purchasing a property is safety.

Many times you can find problem areas with little to no effort. You should always look into the neighborhood you are purchasing in. No one wants to live in a crime ridden area. The Third thing you should consider is the properties condition. Often you can go to the police station and they will give you tons of great information about problems areas in town. ALWAYS order a home inspection, 200 dollars now can save you thousands of dollars later. Often time builders miss things that the home inspector catches.

I even have my clients order a home inspection when they purchase new construction. The Fourth thing you should consider is parking. If you have more cars then will fit in the drive way you may be in trouble. Many areas have CC& R s that will not allow you to park cars on the street over night. Always consider weather or not the home has enough parking for you and your family.

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Time At The House Is Allocated By Lottery - Noreen Loll's Finance and Real Estate blog:

These questions determine what investing in a vacation home or timeshare will mean to you: How many weeks can you actually use it? Deeded Ownership v.

Interview Local Home Builders - Finance and Real Estate Blog:

Do you know how to successfully navigate the current Florida real estate market?

An SCI Is A Company Set Up For The Management And Letting Of Property - Finance and Real Estate:

Be warned- The Legal situation in France regarding property ownership is very different to that in the United Kingdom.

Home Buying And Selling Is A Very Fast Paced Industry

Category: Finance, Real Estate.

Home buying and selling is a very fast paced industry. 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.

A house can sell in an hour or even in minutes. So here are some good tips on how to sell good and buy the best home. If you are a buyer then you should take these things into consideration. Just remember all of this and surely you will be able to sell at the right price and land in your dream home. Before you start working with a bank, mortgage broker or, mortgage banker credit union. Check their backgrounds carefully. Get as much information as you can.

Also, get an estimate of all possible fees. There are some things that you can take care of for the buyer but others that you cannot. Do not over commit yourself. Be able to negotiate. Never go for something that is so high or just right on your income. Also make sure that what you are purchasing is within your financial reach.

Have something that is 25 to 30% lower than your income, so that if ever there is a draw back on your financial status you will still be able to afford it. Determine if anything on the report is inaccurate or over seven years old which means it must be removed. 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. While you do not necessarily have to add on a new room or two, make some basic improvements. If the house needs a paint job, the same with, use neutral colors new carpeting. Fixing up the house can make a significant difference in the eyes of buyers. Also make the grounds appealing.

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. 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. Keep a cool head and work with the people helping you through the transaction to resolve any issues that pop up. 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. If you are on selling side then this are what you should be thinking of right now. Low rates benefit both buyers and sellers, and you ll be both. Knowing as much as you can could save you thousands of dollars.

Understand the home selling process and learn about negotiating. 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. Be realistic. 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. About your asking price, the time it takes to sell a house, the process and the market. At market value, you open your home up to more people who can afford the price.

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. Sellers who list at a high price in the hope that they will 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. When selling your home always make it as presentable as possible make sure to repair all the minor and major damage that is on the property. Be real and you ll have a much better experience.

For Example, Is The Home In An Area That S Going Through An Upgrade

Category: Finance, Real Estate.

Any time you re in the market for a new home, people will seem to pop out of the woodwork with all sorts of advice. These are definitely important considerations, and we re going to add one more.

They ll talk to you about location, location, location, future community development, schools, taxes, your commute, and what sort of life plans you have. When you re looking for the right home in Phoenix, keep in mind its resale potential. You may not know that most people these days will own from five to seven homes during their lives. Usually when you re house hunting, reselling it is the last thing on your mind. Things have definitely changed since the days when home owners stayed put for thirty years or more in the same house. This makes perfect sense in Phoenix, where the growth has been phenomenal.

In more recent times we ve figured out that an excellent way to accumulate wealth is through real estate. You Phoenix home will only increase in value now that the secret is out about what a fabulous area it is. Selling may be the last thing on your mind right now. after all you want to enjoy your new home for a while. In a few years you ll be able to sell and use that equity for an even better home. But always keep the potential resale value in mind as you look at Phoenix real estate. Although, you can t predict the future, you can usually have a pretty good idea of how things will develop. Here are some things to watch for as they ll affect the resale price: Any real estate expert will tell you that location is the most important consideration of all.

For example, is the home in an area that s going through an upgrade? This may or may not be a great place for resale value to increase, so do some research before you purchase here. Most cities have sections that have traditionally been rundown, but with an influx of people, an infusion of cash, they suddenly become, and new interest quite fashionable. If the future looks good you may be sitting on a goldmine. The point is, don t just think about today when you buy. keep your eye on the potential increase in the value of your home. Older, established neighborhoods that are meticulously maintained are often safe bets, as are those traditionally popular with buyers. Realistically evaluate your time and money if you re thinking about buying a fixer- upper.

Today s ugly step- sister may be tomorrow s Cinderella. It s easy to get carried away as you look at housing inventories. However, extensive changes may turn into a second full time job and be really costly, so be cautious. You d probably be wiser to spend a bit more now, as your Phoenix home will still increase in value and you ll save yourself from living a nightmare. You ll probably be fine with some small changes, but if you haven t remodeled a home in the past, don t make the mistake of thinking it will be easy and quick. Check out the overall appearance of the home, including fixtures and appliances. These things may give the home a tired and rundown look or make it appear charming and quaint.

There are often homes on the market that have an old- fashioned and well- used looked. As you evaluate the situation, make notes of what are" must be" changes and how much they ll cost. Your decision on how much to do should rest on how long you intend to live in the home. For instance new paint and carpet are fairly easy and affordable, countertops, while new cabinets, sinks, and toilets, bathtubs, involve more work and money. It should be long enough that you ll get your investment back plus appreciation. Not only that, but Phoenix enjoys a vibrant real estate market.

If you re an established Phoenix resident you already know it s a great place to live. If you re new to the area. The most important aspect of finding a new home is your enthusiasm for it. You re in for a pleasant surprise. You ll want to be in a place that you love and that meets your needs. Meanwhile, as you enjoy it, it s increasing in value and so is its resale potential.

Not So With A Brand New Home

Category: Finance, Real Estate.

When buying a new Florida home, you have one basic choice to make: will you build a new home or will you purchase an existing home? Why building a new home is better.

One thing that all Florida home buyers should consider is that building a new home can save you a lot of money and hassle when it comes to expensive and messy remodeling projects. By building a new Florida home, you are instantly alleviating several of the remodeling and repair worries that may come with an older existing home. Unless you are purchasing a home for its historical significance, you are always better off buying a pre- construction or newly constructed home. And when it comes to homes, age really does matter. With these homes, not only do you get a wealth of modern upgrades, you also earn an instant return on your investment in resale value alone. But all of the other benefits aside, these homes save you money in remodeling costs.

Nine times out of ten, newer homes are worth more money. Some common remodeling costs for existing homes. Of course, the older the existing home and the longer it has been since any remodeling has been done, the more it will cost you to bring the home up to date. One startling statistic that many home buyers may not be aware of is this: most Florida homes that are over 20 years old are beginning to deteriorate and will likely need major renovation and repair. Some older homes have not been updated with central heat and air conditioning, and even if they have these features, the units may need replacement. With utility bills soaring, who wants to pay more to heat and cool their home because their central unit is out of date?

Some buyers will want to upgrade older central heat and air systems to more modern systems with higher energy efficiency. If you build a new home, you don t have to worry about any of these things, because everything is brand- new, and not on, energy efficient the verge of deterioration. Speaking of adding central air and heating, home buyers must remember that an older home which doesn t have central air and heat may have outdated electrical wiring and fuse boxes that will need to be updated before the central heating and cooling systems can be installed. Electrical and plumbing woes. Older homes often need to be wired for cable and internet, plus there are fewer electrical outlets in each room. Your newly constructed home will be fully up to date in all areas of the electrical and wiring systems.

If you build a new home, you don t have to worry about outdated electrical systems, lack of power outlets, and the added expense of having your home wired for cable and internet. Plumbing systems and bathroom features are another area that can rack up large remodeling bills. If you build a new home, you will have modern plumbing systems, luxurious bathroom features and fixtures, and brand new tile floors. Installing new pipes, vanities, bathtubs, fixtures, and removing old linoleum flooring can get very messy as well. Layout and design. Today s Florida home builders offer an array of light, airy and spacious floor plans, all of which offer plenty of closet space. Older homes are often darker, with smaller rooms and a lack of closet space.

Older homes may have lead paint or just plain horrible paint colors that need to be redone( a messy project indeed) . You get to choose your palette of high quality paint colors, and the risk of lead paint exposure is eliminated. Not so with a brand new home. Older homes may have smaller kitchens that contain old, outdated appliances. If you build a new Florida home, your kitchen will be luxuriously appointed with all of the latest appliances, cabinetry and fixtures. Cracked linoleum or tile flooring may need replacement, fixtures may be old and stained, and cabinetry that is either deteriorating due to age or inferior quality will need to be replaced.

Appliances are brand new and top of the line. When you are deciding between building a new home and purchasing an existing home, don t fall into the trap of thinking your existing home is a great bargain when it needs major remodeling and/ or repair. Building a new home is the best way to buy in Florida. The time, money and hassle you save by building a new Florida home makes building new the best choice for today s Florida home buyer.

You Simply Cannot Dilly- Dally When Making An Offer On A Home

Category: Finance, Real Estate.

You have spent time shopping around the Tampa real estate market looking for the perfect home.

You are now ready to make an offer and you are wondering what you should or should not do in that regard. In the end, you think you have found the home of your dreams. There are some tips that you need to keep in mind when it comes to making an offer a home that you would like to purchase. In other words, you absolutely must avoid making an offer beyond your financial means. Of course, the most important thing that you need to keep in mind when it comes to making a solid offer is ensuring that any offer you make is an offer that you can afford. It can be very helpful to be pre- approved for a home mortgage loan in advance of even embarking on a course of looking for a home on the Tampa real estate market.

The next tip that you need to keep in mind when it comes to buying a home and making an offer is to obtain the expert assistance of a Tampa real estate agent. If you are pre- approved for a home mortgage loan you will know up front precisely what you can offer on a piece of property. A real estate agent can walk you through the steps of making the best possible offer on a home you are interested in purchasing. You need to understand that there is no hard and fast rule in this regard. Another tip that you will want to contemplate is giving serious thought to how far below the asking price you reasonably should go when making an offer. There are many different variable and factors that must come into play in this regard.

You simply cannot dilly- dally when making an offer on a home. When it comes to making an offer, you need to understand that time is of the essence. You need to fully appreciate that chances are that other men and women likely will be interested in the same property you are looking at and may spring and make their own offers in advance of or in competition with your own. In the end, by following these tips and pointers, you will be in the best possible position to make a reasonable and effective offer on a home that you desire to purchase. Of course the last thing you want to do is get in a bidding war with another buyer. You will be able to move forward and make the purchase of the ideal piece of Tampa real estate, a place that truly will become the home of your dreams.

What Would Cause A Property To Be Under Rented

Category: Finance, Real Estate.

A common mistake of investors is the way they evaluate a potential investment properties.

Step One: Look at Cashflow. Below is the process I have seen first time investors use. What is step two? Basically if the property has good cashflow they move forward. Their is no step two. What are some issues with this approach? 1) The property is over rented.

They rarely if ever say a property is under rented. MLS Listings will frequently say that a property is under rented. What would cause a property to be under rented? They could also be renting to family members and other incentives could be known to only the owner and the renter. The previous owners could have offered one or two months free in an effort to get rents unnaturally high. Lastly, and don' t underestimate this, sometimes an owner just gets lucky.

Out of town investors are the most likely to unknowingly purchase over rented properties. 2) The property is going to be negatively affected by future developments in the near future. This is one of the benefits of using a realtor. The real estate landscape is always changing. For instance a new halfway house next to a potential rental property is not exactly going to help the future appreciation of a property. 3) The property will be difficult to Rent Out. And while future developments can have a positive impact on a property they can also have a negative impact. Additionally subdivisions that are built farther out away from jobs and conveniences of a town can have low purchase prices but can be very difficult to rent out and are unlikely to appreciate in the near future. As local investors called it" Stink Bait for California Investors" .

I have heard of a subdivision in Dallas where 90% of the homes were purchased by out of town investors. I am sure the numbers looked good for a out of town investor that didn' t investigate to realize that while people in California accept spending an hour in a car to commute to work people in Texas are not currently willing to accept such commute times. 4) The property has low potential for future appreciation. The problem is that in 5 years when you are trying to sell your house a new subdivision is being built down the road. This is similar to point Developments in far flung areas have a difficult time appreciating. People that are buying in the suburbs often place a premium on" new" houses. Additionally appreciation is limited when there is a large amount of available land close to your property.

This makes it difficult to sell your investment property. The reason for this is that as demand increases the available vacant land next to your property is developed. Houses with structural defects often have good price to rent ratios. When demand increases but supply increases proportionately appreciation is limited. 5) The property has serious structural or other defects. The reason for this is that renters usually are not bothered by a foundation crack that will cost 30k to fix in a few years. But a structural problem can be expensive and time consuming for a property owner to deal with.

As long as the house is currently livable they are going to be ok with the current living situation. In the worst case scenario a property can be unrepairable and will need to be demolished.

Inheritance Is One Reason That Many People Find That They Need To Get Rid Of A Property Quickly

There are many situations that you may find yourself in where you need cash and quickly.

Inheritance is one reason that many people find that they need to get rid of a property quickly. Whether you need to move on in life quickly, or you simply have a property that you need to get rid of for cash in hand, a real estate investor will be able to provide you with the solution for your problem. While you might have been overjoyed to inherit a house from a deceased relative, you might just as quickly become dismayed over how much it costs. A house can stay in probate for more than two years, depending on the size of the property and you will probably find that upkeep on the house has been minimal, perhaps even nonexistent. The house itself is coming to you for free, but don' t forget that the property taxes need to be paid and repairs will probably need to be made. You may realize that the house you inherited is riddled with structural integrity issues, things that would take a fortune to fix and suddenly your inheritance might not look so attractive.

You' ll find that when you acquire a property like this, one of the best things you can do for yourself, before you get stuck with property taxes that you really can' t pay, is sell the property as quickly and for as much cash as possible. A real estate investor can help you deal with this issue, especially if you live far away from the property that you inherited. One of the greatest advantages of having a real estate investor on hand is that he will be able to make you an offer in cash on the property and quickly. Another reason that you may need the services of a real estate investor results from needing to split a property in half. With many other private buyers, you' ll be negotiating for weeks on price and renovations and repairs, but with a real estate investor, all you will have to hear is one offer for cash, and that can come in a matter of days! Whether due to divorce or death, or any number of other situations, you' ll find that the property needs to be taken care of and the revenue from it divided. If you are in a situation where the other person who owns the property is no longer someone that you care for, the last thing you will want to do is be in a situation where you have to spend an extensive amount of time cleaning the house and putting it into a saleable state!

This is another situation where you will want the property dealt with in as short a span as possible. When you are going through a real estate agent or if you are selling the home yourself, you will often find that there needs to be quite a lot of discussion among the people who actually own the home. Moreover, if something falls through, you may very well end up doing this more than once. You will need to decide on offers and counteroffers together and this can uncomfortable, to say the least! A real estate investor can offer you cash up front for your home, which you can then divide easily. Because they are in a situation where they buy and flip properties regularly, they will be in a position to offer you a deal on your house as- is. The cash option is another advantage of dealing with a real estate investor.

A real estate investor is not interested in the house as a home, but rather as an investment. Contact a real estate investor and let him appraise your home today. If there are superficial things that he can fix on his own, and this can, he will get you out of your home and on with your life much more quickly than going through a real estate agent. Many will take properties as- is, making your only responsibility moving out. When you need the money from the sale of a house quickly, a real estate investor can be the best solution you have available!