Buying Property in Puerto Vallarta – How to Find The Right Agent

Puerto Vallarta is one of the best tourist locations in Mexico. It has everything one would want in a world class tourist destination. It will provide you with breathtaking beaches, great restaurants serving the most mouthwatering food, and a vibrant cultural scene.

Tourists can also enjoy the water activities, the vintage appeal and old Mexico charm of Puerto Vallarta. It boasts of world class amenities and the attractions that will tempt and entice to stay there for ever forever. Yes, now you can. You can own a property in Puerto Vallarta like countless Americans, Canadians and Europeans have done. Everyone wishes for a risk free real estate investment. Now your wish can be fulfilled. You will be able to have a great time on vacation in Puerto Vallarta whenever you feel like and rest of the time your Real Estate investment in Puerto Vallarta will keep earning you money in rental. You may choose any type of property; it may be a condominium, fractal or timeshare.

Though, buying Real Estate in Puerto Vallarta sounds tempting, a potential owner has to be careful as is the case with all major real estate transactions. What you can do to help yourself is to roam around the beautiful city, immerse yourself. Find out which location you fancy. What sort of property would you like? Get to know all the property options you have.

The next step will be to find a local real estate agent in Puerto Vallarta who can assist you in this Endeavour. A real estate agent will help to find the right abode for you. Always choose real estate agents who are involved in all stages of the transaction from beginning to end and takes commission only when the sale is realized. The real estate agent may decide to keep few important things hidden from you. Therefore, you should investigate the property before the purchase. Self education is very important in real estate matters.

Make sure the Real Estate agent is familiar with the locality. Real Estate agent or the firm should be a known figure and should have a good reputation. Your friends familiar with the area or your lawyer can be of great help while choosing a Real Estate agent in Puerto Vallarta. The simplest way to know about the real estate agent is to do research on internet. Most of the real estate agents have well maintained websites that can give you ample information about the areas of information, services, fees, and list of properties for sale. It is also advised t to find a real estate agent who is an AMPI member.

Keep these points while hunting for your dream abode in Puerto Vallarta and you will surely get one.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by T. Budniak

6 Considerations Potential Home Buyers Should Pay Keen Attention To!

Since, for most of us, the value of our house, is our single – biggest, financial asset, wouldn’t it make sense, for potential home buyers, to enter – into this process, in a more – prepared, knowledgable manner, rather than resorting to permitting their emotions, to take – over, most of their process/ path – forward? After, over 15 years, as a Real Estate Licensed Salesperson, in the State of New York, I have come to, strongly, believe, there are, at least, 6 considerations, which must be, fully – examined, and considered, before moving forward. With, that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, these, and why, they are important, and, truly, matter.

1. Price Range/ Affordability/ Credit: Before, starting this process, and, even, looking at/ viewing, even, one house, it is important, to objectively, and introspectively, perform a personal, check – up, from the neck – up, and determine, what price range, you can afford, and, whether, you have the credit, needed, to qualify, for appropriate, financing/ mortgage, paying the monthly installments, and feel comfortable, with that responsibility, on a regular basis. Remember, this is, in addition to, the down – payment, closing costs, etc, needed, up – front!

2. Personal/ family needs; present priorities and perceptions: What are your current, personal, and family needs, and why? What are your options, and which, is best for you, personally? What do you need, and, are you, ready, willing, and able to differentiate, between, your needs, and wish – list, etc?

3. Future situations, and circumstances: Are you looking, to buy, a home, for a long – period, or, merely, a shorter – term, so – called, starter – home? What do you, anticipate, your future needs, and circumstances, might be, and, will you, be prepared, accordingly?

4. Specific area: What attracts you, to a specific area, and why? How does it serve your interests, and benefit you, personally, both, in the immediate, as well as longer – run? Is it, the convenience, safety, schools, neighborhood, beauty of area, or, what? How much are these, worth, to you?

5. Schools/ education: In general, quality school systems, appeal, to prospective buyers, and, thus, keeps prices – up, and stronger, because, it adds, significantly, to the appeal, of the specific region, etc! However, with that, usually, comes higher taxes (because of school taxes, etc), so, how might you balance this, to your best interests?

6. Safety/ crime: There is little doubt, the perceived safety, of an area, is a significant factor, in terms of home values/ pricing! When, both, perceptions, and reality, show, lower – than – average, amounts of crime, the prices of houses, usually, benefit, and are higher – than – other areas!

Be as smart, a home buyer, as possible, and move forward, asking, all the questions, which matter, most, to you, before making any purchase decisions! Will you help yourself, when it comes to this?

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Richard Brody

Tips To Help You Buy Furniture For Your Home

Furniture is on the list of essential items for any office or home. You don’t have to buy a car as you can travel without one. But you cannot manage without an office or home furniture. Although it may seem easy to buy furniture, you have to consider a few important factors before making this choice. So, if you want to upgrade your home decor or you are going to move to a new house, we suggest that you buy new furniture. In this article, we are going to share with you a few tips to help you purchase new furniture for your home.

Get the Measurements

First of all, you should get the proper measurements. If the furniture you have purchased does not fit well, you will find no use in it. These numbers will give you a pretty good idea of the type of furniture that will fit properly. Therefore, you may want to save yourself from all the trouble and purchase your desired furniture based on the correct measurements.

Consider the Color of the Walls

Before you purchase furniture for your rooms, don’t forget to take into account the wall color. If you don’t want to make things look clumsy, make sure that the furniture you have purchased contrasts with the wall color.

So, what you need to do is study and analyze the colors unless you have plans to paint your interior walls after purchasing the furniture.

Don’t go for Silly Offers

Today, you may find that a lot of companies making offers on office and home furniture. Although you can save a lot of money by opting for these offers, it is not worth it. The reason is that these furniture articles are not high quality. Good quality stuff does not come cheap.

In other words, you don’t want to invest in sub-standard furniture or furniture that has some type of defects. So, if an offer looks too good to be true, you should avoid it.

Set your Budget

Before you purchase fresh furniture, make sure you have a budget figure in your mind. It is better that you don’t compromise on the quality aspect. Once you have set your budget, you should stick to it. However, it is a great idea to keep your budget a little bit flexible. Factors that you cannot compromise on include the quality, longevity, design, and durability of your furniture.

Consider your Lifestyle

Depending upon your lifestyle, you should choose the best furniture. So, what you need to do is consider your needs, purpose, and the uses of the furniture before you place your order. This will give you a clear idea of what you should go for. In other words, the furniture you are going to purchase should meet your lifestyle.

Long story short, if you are going to buy home furniture for the first time, we suggest that you consider the tips given in this article. This will help you make it easier to purchase the best furniture.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Shalini M

How a Foreign National Can Buy Real Estate in America

Opportunities for real estate investment for foreigners is wide and varied in the United States. It doesn’t matter where you’re from and what currency you’d be using to purchase a property, you have a property waiting for you.

There are generally three kinds of real estate investment available to foreigners. These investments include the commercial estate investment and residential property investment. Residential properties are further classified into single family properties, apartments or condominiums and recreational properties. Regardless of what kind of real estate you are interested in, there are all sorts of tax ramifications, financing options and legal requirements that you have to deal with.

Why Should You Invest in the U.S. Real Estate Market?

You’ve probably heard of the increasing number of foreign real estate investments in the United States. This is not surprising. With the troubles that the real estate investment market is facing in the United States, greater opportunities in real estate investment were opened to foreign investors.

With the dollar’s value in its all time low, foreign investors are finding real estate bargains all over the United States. There are no shortages of deals in this market. More and more distressed properties are being sold everywhere and foreigners are pouring in millions buying these foreclosed or distressed properties. The United States real estate has become a fairly attractive long-term investment for foreign investors.

In November of 2006, the National Association of Realtors released a report entitled „Foreign Investments in U.S Real Estate: Current Trends and Historical Perspective“. The report showed that there has been a steady increase in foreign real estate investment in the United States. This is especially after the euro and the loonie became stronger in the face of the continuous devaluation of the US dollar. Prime bargains were opened to foreigners. Many foreigners have now looked into the possibility of retiring or settling in the United States.

If you’re a foreigner, you would find a lot of reasons why you should invest in the United States real estate market. Aside from the fact that the floating exchange rate has given you a lot of leverage over the bargaining table, the financial market is a pretty good reason why you should invest in the US real estate.

The financial market in the United States in relation to the real estate market is quite liberal and the restrictions against foreign investors are pretty reasonable. This is ideal for foreign companies that are seeking to invest in the real estate market in the United States in order to avoid tariff restrictions and are considering setting up an office or a company in the United States.

Furthermore, despite the devaluation of the US dollar and the wide foreclosures of a lot of property, the real estate market remains to be stable, though slightly shaky, due to foreign investors‘ capital appreciation. Domestic real estate buyers may not necessarily share the same opinion, but the market has remained to be strong for foreign real estate buyers. This may be largely credited to the fact that there is minimal risk for them.

Why are Foreign Real Estate Investments Safe and Profitable?

There are a lot of investments you can make, but the safest you can make right now is investing your money in real properties. This is another good reason aside from the fact that you can make a pretty nifty profit, if you like, particularly now with the widespread property foreclosures and seemingly continuous US dollar devaluation. This is especially true if you are going to use the euro or the loonie when making your investment.

But why is US real estate investment safe for foreigners?

It is undeniable that stock investments are not a safe avenue at this point. The recession has not only affected the US economy; the same recession has greatly affected worldwide stock investments. Stocks values are dropping. It is also a fact that even without the current economic situation, stock values fluctuates.

On the other hand, real estate investments are pretty stable if you would compare it to stock investments – or even bond or mutual fund investments. With real estate investment, you’d be putting your money in an investment that would grow in value as years go by.

What are the Benefits of Foreign Real Estate Investment?

US state government supports foreign investments and along this line has formulated various tax breaks to encourage foreign investment on real estate. Many of these tax breaks are not available in many countries. In fact, most countries would frown at foreigners owning real properties within their territory.

Foreign real estate investment in the United States is open to everyone. As long as you can afford to buy the property or at least comply with the mortgage requirements and payments, you can secure for yourself a pretty good property in the United States. Again, with the current economic situation of the United States, this is the perfect chance for you to make an investment.

Another great benefit that you can take advantage of is the availability of mortgage financing. Lenders have opened their doors to foreign investors who are looking into purchasing a property. So, you don’t have to actually deplete your bank account. You can actually secure a mortgage loan and gradually pay it off.

I’m Canadian, What Are My Financing Options?

There is a steady increasing rate of Canadian real estate investors in the United States; and accordingly, the government has made certain that they have attractive financing options available to them.

If you’re Canadian – or if you’re a foreigner – you’d find a lot of reasons why you should buy a piece of real property in the United States. For Canadians, the parity of the currencies or the apparent devaluation of the US dollar is a pretty good reason itself. But how do you finance your purchase?

There are various financing options available to you depending on which state you are in. In Arizona, for instance, you’d get favorable financing terms if you are purchasing a property for recreational purposes, that is, you do not derive any income or benefit from your purchase or ownership. You will be required, however, to sign up a disclosure agreement and give a 30% down payment for your loan. To qualify though for a loan, you may be required to show availability of liquid reserves for a period of three to six months. You may also be required to present a minimum of 3-month bank statement.

If you are purchasing a property for investment, you’d probably meet stricter terms. Requirements may be more stringent. For instance, you could be required to give a down payment of more than 30% and you may be required to show one year worth of liquidity reserves.

Regardless of your reasons, if you feel like you can fulfill the requirements of a financing loan, you can then proceed to actually applying for a mortgage loan. Also, keeping yourself updated with the financing terms flux may be a wise idea.

Understanding the Tax Ramifications of Real Estate Investment

The first foreigner to have ever bought a real estate property in the United States was Peter Minuit. This opened the doors to foreign real estate investors. After a couple of centuries later, foreign real estate investment has grown into huge proportions, accounting for billion-of-dollar worth of industry.

The low risk attached to US real estate market, the availability of countless properties, and the steady market liquidity attract foreign investors in droves. The initial snag, however, is the process of understanding the legal ramifications of foreign real estate investment.

What you have to understand is that foreign investment in the United States can take a lot of forms. A foreigner has various options. He can acquire direct interest. He can acquire an interest in the real estate through a partnership, a corporation, or a limited liability company. The latter is the typical structure used by foreign investors.

Limited partnership or Limited Liability Company offers financial protection or indirect asset protection, especially in cases of bankruptcy, law suits and taxes. Foreign investors are generally taxed on the property as if they hold the property in direct interest.

Ideally, you should secure the services of a real estate accountant to help you out with the tax ramifications, but it would help if you, at least, know the basics before you actually talk to an accountant.

There are tax consequences that you have to deal with when you buy a real estate in the United States. You would need an Individual Taxpayer Identification Number which you will use with all your tax transactions. Your investment in real estates can be treated as a portfolio investment and will be accounted for as an investment income which can either be fixed or a periodic income. This is typically taxed at 30% on gross revenues. This tax though does not apply though to all foreign investors. Tax rates would vary depending on the tax personality the foreign investor opted for. For instance, a corporation would be taxed differently.

Other things that you should take note of are availability and requirements of tax refunds and state tax laws on real estate properties as they may differ from federal laws, among other things.

By knowing all these things, you may save yourself from a lot of hassles when you finally approach a real estate accountant. You’d be in same wavelength when you finally get down to talking business. It is, however, very important that you secure the services of an accountant. You’d have an easier time dealing with the taxes ramifications. You’d also have assistance ensuring that you comply with all the accounting aspect of your investment. This is especially true if you are purchasing a real property for investment purposes.

Do You Need to Secure the Service of a Real Estate Lawyer?

If you are considering buying a property in the United States, you need to secure the services of a real estate attorney – someone who could help you with the legal issues concerning your purchase. It is tempting to forego securing the service of a lawyer to save money, but this could cost you a lot of money in the long run. Make sure that you have an experienced and trustworthy lawyer to help you out. Make sure that you have thoroughly checked out his credentials, profile, history of successful cases handled by him, and other factors that would influence your decision. You could check online and look for a lawyer working within the state where you are considering purchasing a property.

Functions of a Real Estate Lawyer

There is no actual distinctive function for a lawyer in a real estate case. However, you would really need the assistance of a lawyer for various tasks. A real estate lawyer would review the sales contract for you. He would also check on the title and other documents relating to the property. A lawyer would also review your mortgage contract and make the necessary adjustments or corrections. You could also get him to review with you the legal and tax issues concerning the purchase. A real estate attorney could also make the necessary adjustments relating to various expenses and costs involved in the purchase. He would assess your eligibility for tax refunds and draft the documents and statements relating to this.

Putting it simply, a real estate lawyer will be your watchdog. He would guide you through the whole process of purchasing a real estate in the United States in order to make sure that you will be legally protected. You will have a capable and trustworthy liaison to help you out with the contract. He will also face legal disputes if any arise.

Tips on How to Invest in Real Estate Successfully

Now, if you’ve fully bought into the idea of real estate investing in the United States, you might just want to know how to go about investing in real estate successfully. If you want to be successful in this venture, the first thing that you have to avoid is overanalyzing. Of course, it is a good idea to carefully think through your actions but it is a bad idea to overanalyze your investment to nonexistence. You might lose a great opportunity.

Before you purchase the property though, it might be wise to check the property value. If it sits well with you and you can reasonably afford the property, go ahead and make the purchase.

If you are considering the property for a quick flip, make sure that the property is in perfect condition and in good area. This is to ensure that you could double or actually triple your return of investment. If you can inspect the property yourself, do so. If not, a good and trustworthy agent can help you with this task.

Another important thing to remember when you’re buying real estate is good financing. You should take your time to carefully consider all your financing options. Foreign investors can email in their queries to various lending institutions. It is a good idea to make sure that you’ve had their terms and rates on paper because they tend to change these terms and charge you with a lot of junk. Your real estate agent can help you with reviewing the escrow charges.

The bottom line, however, is that it is very important that you do your homework before you actually buy a real property. Investing in real properties in the United States can be profitable especially during these times. In fact, it may be the wisest and most perfect investment you can make right now.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Maria Gudelis

7 Tips On How To Stage Your House For Sale

If you didn’t know, love at first site exists in real estate. The way you stage your house determines how fast it gets off of the shelf. If you are a real estate investor or a home owner interested in selling your house, here are awesome tips on how to stage your house for a fast sale:

Make the home spotless

This is a no brainer. Who is going to buy a dirty house? To create a great first impression you need to ensure that your home is clean. This calls for you to clean windows, floor, counters, ceiling and other fixtures. If the house is too big, chances are that you can’t clean it on your own. The safe way of going about it is hiring a cleaning company to help you out.

Maintain the yard

There is nothing that screams „bargain“ like an unkempt yard. You should cut down the glass and trim the flowers. You should also update the yard furniture.

Get rid of clutter

It’s easy to hold onto personal effects such as pictures. Remember that the homebuyer isn’t interested on your personal likes thus you should get rid of them. The personal effects also tend to clutter the place hiding the attractive areas of the house.

The rule of thumb that you should follow is to eliminate anything that doesn’t add value to the homebuyer.

Incite curiosity

A home buyer may not be interested in buying the house at first, but when he/she tours the entire house he/she might change his/her mind. To encourage the buyer to tour the entire house you should incite curiosity by placing interesting items in the hallway, corners and even at the top of the stairs.

Great items that you should consider include: painted accent walls, flower vases and light fixtures.

Keep the house smelling great

Unpleasant odors will scare the buyers away; therefore, you should ensure that your home smells great. If you have pets you should steam clean the carpets. You should also ensure that you clean all the dirty clothes that might be in the house.

To maintain good smell you should avoid cooking your food with strong spices during the days of showings. A cheap and effective way of creating a great smell is using candles. The smell of fresh cooking is popular, but you can also light a vanilla candle.

Paint the rooms

If the paint in the house has faded you should consider repainting it. Repainting shows that you have invested in the property. In addition to painting you should also fix wall holes, light fixtures and windows.

Open the closets

Buyers want enough storage space and many won’t buy a house if it doesn’t have enough space. Even if you have a lot of things to store, you should remove them in order to create the impression of „plenty of room.“

Conclusion

These are just a few tips on how to stage your home for sale. By putting the above tips into place you will not only sell your house fast, you will also sell it at a high price.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Idd Aziz

How I Learned to Sell My House Fast!

I had been trying to sell my house for over two long years before I discovered how to sell my house in 7 days or less. I had a house in another state in which I no longer lived. In addition to the house I lived in, I was paying a first and second mortgage, utilities, taxes and outrageous rates for vacancy insurance month after month while my house sat empty and unsold. The house was bleeding my bank account to death, especially when the real estate and credit market started to go downhill.

Before I moved, I tried to sell my house myself „For Sale by Owner“ (FSBO) with no luck. I had no idea how to effectively market my house to generate buyer interest, how to get them financed, how to complete the purchase and sale paperwork and the like. After I failed to sell my house myself, I listed the house with 4 different Realtors for six months each. They told me the that my house was beautiful, that they could sell my house fast and get top dollar. They promised me that they would market my house in the paper, magazines, on the MLS and do multiple open houses and more. In reality, they barely lifted a finger. They listed my house on the MLS, put a sign in the yard and forgot about my house. They did no open houses as promised, advertised in no magazines and never showed the house. I lost two years worth of mortgage payments, taxes and utilities that I will never recover.

Perhaps you’ve found yourself in a similar situation. Perhaps you are making two house payments, trying to sell an ugly house, in foreclosure, bankruptcy, going through a messy divorce, dealing with the death of a loved one, lost your job, had an extended illness or just can’t afford to make your house payments anymore. Perhaps you too have tried to sell your house on your own or through a Realtor with no luck. Regardless of your reasons for wanting to sell your house fast, there is a better way to sell without trying to sell your house yourself or listing through a Realtor. You can sell your house in 7 days or less and here’s how…

I was searching the Internet one day looking for yet another Realtor to list and sell my house when I came across a local company that claimed to buy houses in 7 days or less. Perhaps you’ve seen some of those local „We Buy Houses“ people or companies in your neighborhood. I called the home buyer and he said that they were indeed a local, professional home buying company that buys houses in any area, condition or price range, in 7 days or less, for investment purposes. He said they could pay me all cash, take over my mortgage payments and close quickly if needed. He said that if my house qualified, they could buy my house fast allowing me to sell my house in 7 days or less!

We made an appointment for him to come out and inspect my home within the next 48 hours. He loved my house and said it was exactly the type of home that he and several of his customers were looking for. He made me 2 different offers to purchase my home on the spot. One was an all cash offer to buy my house below current market value. This offer would have netted me about the same amount I would have made had I listed and sold through a Realtor. The second offer was to give me some cash now, take over my mortgage payments and cash me out of my mortgage and remaining equity later when he was able to resell my house to a new buyer. This offer would give me a higher sales price, some cash now, immediate debt relief from my mortgage payments and the rest of my cash later. If I had not been trying to sell my home for two years, I would have taken the 2nd offer. However, because I had been trying to sell my home for so long, I took the cash offer and netted the same amount I would have likely made if I had sold through a Realtor. The home buyer handled all the paperwork and we closed later that week with a local real estate attorney. My house was bought and sold in 7 days or less! Man, I wish I had met these guys two years ago!

If you too have an unwanted house you need to sell fast for any reason whatsoever, I recommend you contact one or more local, professional home buyers in your area before you list your house with a real estate agent or try to sell „For Sale by Owner“. You owe it to yourself to see what these folks have to offer before you lock yourself into a six month listing agreement with a real estate agent and end up waiting two years and thousands and thousands of dollars later to sell your home for the same amount you would have likely netted to begin with.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by D. Griffin

How to Sell Your House Yourself Easily?

Selling the house put people in a dilemma whether they should hire a real estate agent or not? Well, if you are capable of selling your house on your own then why hire a real estate agent with whom you have to share your profit.

Usually, property owners are expected to pay 5% to 7% of the sale price to an agent. However, if you choose to sell your property yourself then you will not only be able to save on the real estate agent fees but also will get the freedom to sell your property in your own ways.

Before you move further to sell your house yourself, do consider the following discussed factors that will make your selling easy:

The location of the property is believed to be one of the crucial factors. Since no one can change the location of your home to take it to the more desirable place, thus, the price you expect should be realistic. You will get nothing if you offer a much higher price in comparison to the other properties that are being sold in the same area. Therefore, it is recommended to do proper research to find out what neighborhood properties have been selling for.

What is the status of the housing market like at the moment? Find out the worth of the property a few years ago and now? Considering the history of the property prices, it is important that you price your property in line as per the current market conditions.

Check out the condition of your property at present. Before you advertise your property for selling, it is good to allow a property inspector to visit and value your home. On sell your house yourself; you may not be able to see the little defects and repairs that a professional can observe.

In many cases, the reason for selling your house influences the decision of the buyers. So, you should be clear about your words that describe the reason.

Next, you need to think like a potential buyer. You simply cannot show your emotions to get in a selling way. If any corner of your house needs repairs or changes, then you should get it repaired or changed immediately. Prior to starting the process of selling your house, think from a buyer’s point of view.

Sell your property yourself can save you from long meetings with agents and their representatives. By listing it on a reliable listing portal, you will be able to reach millions of potential buyers, investors, and renters. Such a quick reach is not possible with the traditional methods of selling homes that include putting advertisements on newspapers, television, and handing out flyers. These property listing portals will make you connect with more and more people by putting your minimal efforts. Furthermore, the cost-effectiveness of the internet cannot be overemphasized as it allows you to create the perfect online presence with an affordable advertising budget.

There are various portals online that allow you to advertise your property without charging any commission or hidden costs. Among such options, choosing the best one is vital to get the quickest outcome of your property.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Vinny Singh

Overcapitalisation – Why Cost Does Not Equal Value?

If you are unaware of the real estate terminologies then you might be wondering what overcapitalisation is. Basically, overcapitalisation refers to an overspend on construction or renovation costs which means the actual cost of a construction/renovation of the property is superior to its real market value. Overcapitalisation is also considered as asset inflation. Confused? Let’s make it simple. For instance, Mr A is planning to renovate his house by remodeling the bathrooms, basement and kitchen; upgrading the living room and bedrooms; adding a porch and swimming pool; installing vinyl siding, fencing front entrance and extending the garden. Mr A decides to use upper end expensive quality materials in the renovation. While doing so, he forgot to consider the real market value and quality of the houses in this area, which was lower than the value of his upgraded house. This is overcapitalisation.

Now the next question is what should be done to avoid overcapitalisation? Simple! When renovators and home builders are planning for home improvements, they must keep in mind some factors which have greater impact on the overall value of the property. For instance, evaluating neighbour’s housing style, demographics of neighbourhood, streetscape, design trends of neighbouring property, and recent resale prices of the homes in the area.

Although generally improvements and renovations add value to a property, it will be wrong to say they will ALWAYS increase its value. The reason is that if renovations and improvements are overdone, without keeping in view the real value of the area where your property is located, you might be overcapitalising your property. This means that your property cost will not equal its market value.

Hence, it is rational that a renovator or home builder is aware of overcapitalisation, and increases the value of the property only to an extent that it can cope up with. Remember, you’ve got to be really careful about overcapitalisation when upgrading or renovating your property.

Often overcapilisation occurs when people are not rational and business minded in their approach. Typically home owners will spend more on fixtures and fittings with the aim to live in the property.

Some cultures often prefer to live in larger homes as status symbols and will opt to spend more on improvements than is the norm in the locaility.

However if you are an investor or builder, it is important to get the mix right as this will result in higher profit margins. Getting it wrong can often mean longer selling periods and discounted prices. Do your due diligence to avoid disappointment.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Keith P

Top Ten Tips For the Best Road Trip Ever

There is nothing more fun than an old-fashioned road trip. I love taking to the open road and exploring our country. Now, I’ve been a „road tripper“ for some time and though I love air travel, I love the road trip because that’s how you can really experience the country. So it’s time to get your favorite tunes and munchies ready and plan your open road trip adventure with these ten easy road trip travel tips.

1. Plan your trip. First, you need to determine where you’re going to go and then plan your trip. Planning doesn’t have to take a long a time, but you do need to know the route you’re going to drive and points of interest along the way that you’re going to want to stop and explore. Half the fun of a road trip is seeing the sites along the way. I like to MapQuest my trip and have that as my main plan of attack for my road trip. GPS is very popular these days and I recommend them, but you can’t always rely on them when you hit construction zones or accidents on your journey. That’s why it’s essential that you have a real map with you for the areas you’ll be traveling to and to plan alternate routes if necessary.

2. Make your hotel reservations BEFORE you go. Part of the fun when traveling on the road is stopping wherever your heart desires, but there’s nothing worse than a „no room at the inn“ experience on a road trip. You may not realize that there is a „Comic Book Trade Show,“ „Strawberry Festival“ or convention in town while you’re visiting and there are no rooms to be had. If you do not book your reservations in advance, not only are you running the risk of having to sleep in your car but also you can’t manage your road trip budget effectively. If you’re traveling with your family or a group of friends, consider staying at an all-suite hotel or even renting a time share, a great option for families taking a road trip. Did you know that 90 percent of people who own a timeshare don’t utilize it on a regular basis? Many great offers can be found at some of the bigger hotel chains that offer timeshares and many of them even have a washer and dryer. For my road trip to Scottsdale, I booked a fantastic one-bedroom suite with a kitchenette at a time share property directly through the hotel for just $100/night including tax at the Sheraton Desert Oasis Villas.

3. Give your car a full tune up before you go or consider renting a car. One week before you go on your road trip, take your car in for a tune up and ask your mechanic to ensure the car fluids are topped, air pressure in your tires is at its best for highway driving, and any other necessary concerns regarding your vehicle are addressed. Should you need to get something fixed, it is best to do it at a place you can trust before your road trip. Plus, it can be more expensive when it is a have-to situation. Also, make sure you pack a roadside safety kit just in case of an emergency. For me that kit includes my American Automobile Association membership card (Premier Membership). If you have a car that is no longer under warranty or has automatic roadside assistance, then a American Automobile Association membership is a necessity as it will save you a fortune in the unfortunate event you have a break down and have to have your car towed. If you’re at all concerned that your current vehicle is not „road trip worthy,“ then you may want to consider renting a vehicle for your road trip. I did this for my trip to Arizona as I found a great deal on a rental car and had the peace of mind for my road trip.

4. Pack your own food and plan a picnic. I used to be addicted to stopping at fast food joints on a road trip. There was something that felt fun about that on a trip but I’ve since learned that I prefer to pack my own food for my journey. It doesn’t just keep me eating healthier, but it also saves money, too, especially if you’re traveling with your family. Also, if you plan ahead, you may find that there is a great stop for a scenic picnic in your travels and packing a picnic is so much better than flying through the Drive-through. If you do make a stop, either for a picnic or to explore a cool sight along the way.

5. Bring great music or audible books with you! Music is truly the soundtrack of our lives and every road trip needs a soundtrack. I think of my trip to Seattle every time I hear a Phil Collins song from „No Jacket Required“ because that was the primary music I was listening to on that trip. I think of the Bahamas Harbor Island and the amazing walks on the Pink Sands Beach every time I hear Wilson Phillips music. It’s sort of like having a theme song for every vacation but hearing the music even today will evoke fun memories of wonderful trips. I also love catching up on books I’d like to read but somehow find it easier to listen to. That’s where audio books come in and you can download them to your mp3 player, iPhone, or other PDA device. !

6. Don’t forget to pack a boredom buster bag for the kids. One thing I’ve learned from producing for TV’s „The Travel Mom“ Emily Kaufman, is that if you’re traveling with kids, you need to make sure you have plenty to entertain them during your road trip. She calls this the boredom buster bag. Don’t forget to pack some kid music your children like along with fun travel games that include magnetic board games. DVD players are an option for really long trips and as long as your child isn’t prone to car sickness. Of course, electronic games will keep your kids occupied but I would encourage you to limit the time on these toys especially if you’re traveling through some great scenic areas. It’s an excellent chance to bond as a family and your child’s memory of the trip will be lost if they’re lost in a Game Boy.

7. Remember, a road trip is as much about the journey as it is about the destination. One of my all time favorite road trips was the day my niece, Jessica, and I drove 52 enchanting miles on the „Road to Hana“ on the island of Maui in Hawaii. I’ll never forget that the guide book said, „Remember, Hana is not a destination, it’s a journey.“ Hana is located about 52 miles from Kahului, however a typical trip to Hana takes at least three hours, as the road is very winding with approximately 620 curves over 59 bridges, 46 of which have only one-lane. This delightful road trip is a memorable journey that winds through a lush, tropical rain forest that is laced with tumbling waterfalls, black sand beaches, scenic lava cliffs, fresh fruit stands, and tropical hillsides. Jessica and I stopped at least ten times including one stop to picnic on that black sand beach. We took photos by waterfalls, delicious fruit stands and beautiful tropical flower gardens. You should treat your road trip vacation the same way we did our Road to Hana: Enjoy your road trip as a journey, not a destination.

8. Make good use of every stop. I like to plan my stops for fuel, food, and restrooms so that I utilize my time efficiently and don’t waste time making three stops instead of one. Probably the most important thing is that every time you do stop, make sure everyone in the car uses the restroom (even if they think they don’t have to right then). This will cut down on the stops you’ll make only for that purpose. Also, if you’re traveling with kids, and you just need to stop for the restroom, I recommend stopping at a Starbucks. Parents can get a coffee or an ice tea, the restrooms are clean, and there are not a lot of distractions for kids (like toys to buy) that a truck stop or gas station may have. Use the Starbucks store locator at their website to help you plan your stops before you go. Do be a „good egg“ and make a purchase at Starbucks while you’re there.

9. Avoid Trouble. When you’re on a road trip, you need to be street wise. Don’t be a target for crime by leaving your valuables on the seat in your car (DVD players, Game Boys, etc.) and don’t advertise you’re on a road trip with pillows and blankets every where. When you park your car, hide your valuables and road trip creature comforts. If you are proactive at keeping your „I’m on a road trip clues“ clearly hidden, any thief or troublemaker should just walk right by your car. Other street wise considerations is to always park where there is good light and foot traffic and make sure your windows are rolled up and the doors are locked whenever you leave your car. You may also want to purchase items like „the Club“ if you like that extra insurance for safety. Finally, when you’re driving, watch your speed. Speeding gives you the chance to get a ticket and more importantly, it decreases your time to react if the need should arise. If you are the driver, you are responsible for your passengers. When you see signs that say, „Speed limits are photo enforced,“ believe them. Other good driving tips include avoiding rush hour, especially in bigger cities, and whenever possible take turns driving with other people in the car. You’ll also want to avoid driving at night if you are not familiar with your surroundings.

10. Get a Go City Card and save up to 55% on attractions and theme parks at your vacation destination. Last year, I flew my 8-year-old niece, Alexis, and 10-year-old nephew, Tyler, out to Los Angeles for their spring break (using Southwest Airlines Reward Miles, of course) and we took a road trip down to San Diego. That’s when I discovered the money saving Go City Card for San Diego. With this card, I saved hundreds of dollars in admissions to Legoland, the Wild Animal Park, the San Diego Zoo and other attractions including a Whale Watch on the Pacific Ocean just by purchasing a Go San Diego Card.

Instead of paying individually for each local attraction, you pay one price for up to 40 attractions (depending on the city your visiting) and you get to create your own experience, tailoring your activities based on what you like to do, while also enjoying tremendous savings. For example, with the Go Los Angeles Card, you can choose one, two, three, five, or seven day cards at a low, pre-paid price to gain access to 40 included attractions. This saves up to 55% compared to buying tickets directly at Universal Studios Hollywood, LEGOLAND California, Knott’s Berry Farm, Paramount Studios, the Queen Mary, and many more attractions. Go City Cards are available in many cities and vacation destinations in the U.S. including Los Angeles, Chicago, Boston, Las Vegas, New York City, San Diego, San Francisco, Honolulu, Orlando, Miami, Seattle, Blue Ridge and even Toronto.

Final Tips: Don’t forget your cell phone and make sure you’re „hands free“ when you do use it while driving. In many states, it’s the law, but it’s also down right dangerous. Always use your cell phone „hands free“ when you drive. Don’t forget to update your software on your mobile before you leave because you don’t want to be charged higher rates for roaming charges. Finally, it’s a real good idea to email a copy of your itinerary to other family members or friends in case of an emergency – this is especially a good idea for women traveling together. Now, drive safe and have fun!

You can get more details at my website at Best-Travel-Deals-Tips.com.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Marianne Schwab

How a Notice of Interest Can Save Your Deals in Real Estate Investing

The letters NOI stand for Notice of Interest or sometimes incorrectly called a Memorandum of Contract or MOC. It is usually a one page document that stipulates that the person submitting the document for recording at the County Clerk’s Office has an equitable interest in a property because of a signed purchase and sale contract.

The NOI is most commonly used when an investor signs a purchase and sale contract with a homeowner/seller and wants to show anyone trying to make another offer on the property that he has a legal interest in the property. This is the case where someone else, usually another investor, comes along and offers the homeowner a higher price.

The practice by investors of up-bidding properties after they are under contract is getting more common in distressed markets but even happens in normal markets. The investors who regularly make statements to homeowners like, „Get your highest offer from those other guys and call me back, I’ll give you more money than any of them – I just need to see it in writing“. The ugly part of that statement is the term „in writing“ because that usually means a contract had to be signed by the homeowner.

While I can’t blame the homeowner from wanting more money, what I have seen happen most often is a black-hat investor who is trying to steal the deal, actually gets to the closing table and re-negotiates the price to below what he had originally offered the trusting seller. How do I know? I have been on the other side of his offers and had to fight to keep my sellers.

So occasionally we have to fight for our closings and I have covered this in other articles about how to do this. The ironic part is that it is a criminal offense to „induce“ someone to sign a contract when another contract is in place. The Attorney General’s Office will take these cases if you show proof and the seller cooperates – which is usually the case when the homeowner is threatened with a law suit or foreclosure.

So when we sign a contract with a seller, we almost always record a NOI in the public record which is effectively a lien against the property. I want to repeat this because the subtleties of this „lien“ are very far reaching. This NOI now has to be released as a lien on the property before the title can be transferred unless there is a foreclosure action to extinguish it, or the lien holder (the original investor/buyer) starts a foreclosure action to take the property. If this sounds harsh, it is just a solution to a problem where one party to a contract won’t hold up his end of the contractual terms – just like a lender does to a homeowner.

The NOI does not need to be signed by the homeowner/seller so anyone can put a NOI on anyone’s property. Just remember, there is usually a sign in the Clerk’s Office that says something to the effect that „If you enter a lien that is not valid, it is a felony“, so think twice about what you are doing before you do it – don’t do it in anger or it could cost you a lot in attorney’s fees.

Having said that, the courts and sometimes the recording clerk treat NOI’s as unruly in-laws. They tolerate them probably for the fees, but they don’t like them much because of historical issues with the seller not knowing these liens have been filed. Many standard real estate contracts specifically forbid filing a notice of interest to be recorded in the public record. This prohibition can be overcome by striking this clause pertaining to it and having both seller and buyer initial it, or adding an over-riding clause or addendum to your contract.

Once a NOI is filed in the public record, the next time the title to the property is transferred, the title agent will have to have a Release of Lien for the NOI signed to write a title policy on the property or note it as an „exception“ in the policy. If the NOI is not extinguished by a Release of Lien, the title has been „clouded“ and needs to be cleared and a transfer to a new buyer may not properly take place.

This is where you come in to release the lien and it usually happens when you least expect it – just before you were planning on closing yourself! Sometimes the homeowner will call when he gets a copy of the recorded NOI from the Clerk’s Office and he didn’t expect it – either way, the seller is trying to renege on the transaction. Sometimes the seller changed his mind for a valid reason, most often it is not.

You have a couple of choices when the NOI „hits the fan“ so to say:

1.) Release the NOI using a Release of Lien document and get paid to release the lien

2.) Honker down and fight the seller to come to closing or get paid to release the lien.

In summary, your choice is personal and determined by the potential lost profit in the deal, the homeowner’s/seller’s real motive for not wanting to sell, how much you can get paid for a release of lien, and your disposition on that day. In the final analysis, the choice is yours to force the seller to come to closing or release the lien.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Dave Dinkel

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