Category Archives: Real Estate
So you have decided to settle for nothing but the best. Investing in Punta Cana real estate is definitely a smart choice. But before taking the plunge, here are some things that you might want to consider, to have a smooth surfing experience while you buy a second home in this heavenly Caribbean slice:
1.When it comes to buying real estate anywhere in the world, remember that short cuts dont work. Make sure you do elaborate research, cost analysis, comparison of several properties before finalizing your dream house.
2.NEVER go for a direct purchase. The chances of getting ripped off or cheated in this case are extremely high. Go through a reputed real estate agency in Punta Cana. Feel free to ask your agency any questions. Dont hesitate or feel inhibited; after all you are investing your hard earned money towards your property. Let them know what kind of area you wish to reside in, what kind of budget you have, and most of all, what are the facilities you look for in your house, condo or apartment.
3.Choose an agency that is customer focused and friendly. Do your research online to go for an agency that has a satisfied client base and is willing to go an extra mile to accommodate your needs.
4.Find out about the kind of taxes you will be liable to pay as a foreigner. It is better to get these stories straight to avoid confusion or unpleasant surprises at a later date.
5.Though the demand of luxury property is extremely high in Punta Cana, it is still a relatively untouched land. Thats the reason why it is possible for you to own a house here at a price that wont burn a hole in your pocket. With fabulous condos starting at USD 88, 000, you can only be assured that you are getting much more than your moneys worth. While making your decision, make sure that you take in to consideration:
oThe location of the condo as the price appreciation and rent income will greatly depend on it
oFacilities in the area golf course, restaurants, hospital, all depending on your preference
oProximity to the airport is extremely crucial for people traveling back and forth
While finalizing on real estate in Punta Cana, make sure to look at all the aspects and weigh the pros and cons wisely. Nonetheless, no matter where you choose to live in this surfers paradise, you can never be to far away from bliss!
Amidst the slowing economy, decreasing real estate demands, falling share market of India, every day or the other we keep hearing here in India that the boom in the building real estate is almost gone. Driving your car in Delhi, India and the stuck in traffic jams on the city roads you wish to listen to some soft live music on the radio and there comes and advertisement from a company XYZ promoting its awesome flats of 2 BHK and 3 BHK as never seen prices, you come to know how desperate they are to sell even a single unit.
A single 2 BHK, Bedroom Hall Kitchen in India around Zirakpur/ Chandigarh around an year back could cost you around 40- 45 Lakh Indian Rupees, but after the slump and the fast decreasing demands in this sector, we see builders coming up with various offers such as a car free with a 2BHK flat in zirakpur, straight 30% discount. 20% down payment and the rest you can ask the bank to keep chasing you.
Some might even offer their kidney if you buy a flat. Sorry, jokes apart, but the lucrative offers are too true to be believed. The real estate mafia here in India would almost do anything to get their flats sold. Take an initial payment from you invested and promise you a possession in the coming 2 years deadline, and then you keep waiting for them to finish the buildings on time and give you the possession.
Yet amidst these suppliers or the so called big giants of real estate, you will find a few good players in the middle, who stick to their very basics and try to give you the best of the value for your money. One such name is Mona Townships Pvt Ltd. Mona Townships is a private limited company with its registered office in New Delhi, India and focusing on one of the most fast developing and demanding areas of India.
One of the prime projects developed by Mona Townships MTPL, under the expert directorship of Mr. Setia and his intellectual sons, Sagar and Akash Setia, are and . The apex projects were almost booked for a great percentage at the time of starting itself and the demand and acceptance of these flats were so good that the company planned for a similar growth under the same name as Mona Greens II.
The success of these flats can be heard from mouth to mouth the VIP road in between Zirakpur and Chandigarh. Mona Townships, the rising star in the sector of real estate in India and the Tricity.
Purchasing a house can be extremely thrilling, however when you are tackling multiple offers, it is tremendously important to keep cool head and not let your feelings — or your competitive nature — overshadow your good judgment because there are a lot of unscrupulous maneuvers a homeowner can implement when confronted with potential purchasers attempting to outbid each other for their home. Real estate professionals are also susceptible to taking advantage of both the purchasers and sellers to boost their commissions higher and closure rates more impactful. Without a doubt there are accepted rules of engagement that deal with such scenarios, however they are not always respected — so all involved has to stay focused and alert for signs of foul play.
To curtail unfair tactics that arise in the bidding procedures, some provinces literally make it illegal for sellers to list any price that they do not plan to agree to simply to escalate a bidding war. There are specific regulations involving multiple offers that involve non-disclosure of details while demanding that any alterations to the bidding procedure must be discussed with all parties before implementing. However in the search to finagle a higher bid, often times critical facts are intentionally revealed or even misrepresented to influence the potential bidders.
Ideally, when buyers find themselves up against multiple offers, they will present an agreement that has as few terms and conditions as feasible and gives a fair amount for the home with the hopes it will entice the homeowner. It is generally hard for prospective purchasers to resist the urge to make excessive offers in the heat of the moment, a behavior that can be exploited by unscrupulous sellers and agents who could send back a perfectly good offer to see if it can be sweetened.
Bargaining strategies frequently incorporate an agreement between the seller and their agent not to disclose multiple offers, and purchasers in these circumstances are not even alerted that there is competition for their offer. Most sellers, however, are very keen on letting all purchasers know that they are anticipating other offers, but it then becomes their duty to make sure no sensitive facts leak out and that the process remains fair for all parties. This does not stop some realtors from communicating with their colleagues by making it public that bidding has started on one of their listings.
Another tactic sometimes used by unscrupulous sellers is deceiving potential purchasers, and also their realtors, by entertaining offers they have no desire of considering just to panic the other purchasers and starting a bidding war. A few homeowners even begin with a very low price in hopes of creating massive interest that will generate bids so high they actually go over the value of the property. However such schemes may backfire when word gets out among the real estate industry that a seller is influencing a bidding war because they will refrain from bringing their buyers to look at the property.
The real estate world is still being bombarded with the luminous thought of the real estate bubble bursting or popping or whatever it’s supposed to be doing. High priced markets and hot areas like Miami, Las Vegas and Phoenix have certainly seen a recent decline in pre-construction and condo flips but investors haven’t left town just yet and if they have let me know because I’ll be there on the next flight. New investors don’t have to be afraid of the bubble hype; they simply need to understand that real estate investing is about strategy and education. The right strategy will push you though any bubble or market. You simply need to educate yourself on what strategy is going to work for you. One of the big factors you should always remember when investing is that you make your money when you buy, not when you sell. Taking a gamble on a hot new market and its appreciation is just that, a gamble. If you buy a property at 30-50% below after repair value or fair market value today, your investment and return will only grow from there. You don’t have to wait for the appreciation. It’s already there. If the market grows in value, that’s just a bonus. If you’re a flipper and your worried about the potential bubble, then it’s time to change up your strategy. Now may be its time to find a tenant buyer or renter. In these markets, the key is to have someone else paying down your mortgage while you are building equity and even earning some positive cash flow. As the interest rate continues its climb up again more and more people are going to find themselves in trouble. Those who took advantage of the adjustable mortgage rate that was a deal a few years ago will soon be looking for a way out. Renters looking for their first home will now have to wait a little longer unless you are ready and able to help them. I believe the so called bubble markets are soon going to be a virtual candy store for the savvy investor looking to take advantage of the worried investor or homeowner looking to dump their investment for something better. Almost every late night real estate guru preaches the key to making money in real estate is finding a -motivated seller.- In these markets people are going to find themselves more and more motivated as time goes by. Divorce, bankruptcy and death show no bias so be ready. If you want to stay in the investing game, stay on course, buy low and smart and rise above the bubble hype to stay educated on all the different ways to truly make money in real estate investing and wealth building.
Robb is an active real estate investor, marketing, social media, internet marketing analyst, writer and local business consultant. Robb helps businesses optimize their online and local presence to increase revenue. e.
A real estate business is a safer investment compared with stock market venture. However, there are potential risks that might discourage you along the way, such as increasing crime rates and businesses closing nearby. Those factors influence the flow of revenue in your company. Without proper planning, real estate will not be as fruitful as you expect it to be. Research and organize first before making any decision.
Fill your company with professionals. Expert insights will keep your company stable. Hire licensed employees and do not compromise until you know the investments is to be expended optimally. Hire people who are bound by legal and ethical regulations of the industry. Make a list of the major professionals that you need in establishing the business, including salesmen to do marketing and sales, lawyers to draft and analyze documents, and building inspectors to make sure everything is of good quality.
Invest correctly by defining a budget. The money involved in the investment must cover the current expenditures plus other obligations. It must cover the cost of hired professionals, additional construction and renovation costs, and probable future market for real estate sales and rentals. Make a flexible budget to last long in the industry.
Your investment can come in different types. Choose one according to your personal research and will generate profit in no time. Purchasing a property for a discount because of its physical condition and making cheap repair and remodeling and selling for a higher cost can be good ideas. It will turn around quickly depending on the marketing strategies you will set.
Big real estate investments often involve financing. If you think the investment is on a stable ground, opt for financing. This will support you not to compromise for less based on your financial capabilities. This is also considered a good , as it will allow you to provide all amenities in their best forms after properly considering financing options.
It is also a good to clear all debts that tarnish your credit rating. Define the exact amount you need and calculate the probable amount you can get from a financing program based on your credit score. In that way, you will know what to expect and eventually mitigate or remedy any problem that might arise.
The most difficult aspect around real estate in this day and age is getting people to come look at your properties and possibly buy. It can be difficult to make a profit if people are not aware of you and your business. It will benefit you greatly to take some time and develop a marketing strategy to help your business. It may take some time to figure out what real estate marketing strategies will work for you but you will benefit greatly from it.
When it comes to making a name for yourself in the real estate industry it is important that you have a good client base that is interested in the properties that you buy and sell. If people are unaware of you and what you do than that is no good. That is where an effective marketing strategy can help you greatly.
The amount of people who are aware of you and your business is directly related to how well you do as a real estate professional. When more people are aware of you and your work, it becomes more likely that they will remember your name in the future when they need the aide of a real estate professional.
When it comes to cost effective ways to manage your marketing, the Internet is a fantastic place to start. With the Internet you have the ability to connect with potential clients in a way that lets you share all relevant information with them in order to maybe sign with them.
The business that a social media website can bring you can be very helpful at times. It has the ability to network you with many people that you would have never met out in the real world. When it comes to cheap ways to market, a social media presence can be very useful.
When a previous client of yours is extremely happy with the work that you did for them, they may want to recommend you to their family and friends for further business. Making sure to thank them for their business can go a long way in ensuring that they will send more business your way.
To have a good marketing plan does not mean that you will have to spend a whole lot of money. There are many cheap ways that you can follow to increase your visibility and make people aware of the work that you do. Just know that spending money on marketing plans is wise because you will more than likely make back much more than you spent.
If you are looking to bring more business your way, you should invest in a solid marketing plan. There are many real estate marketing ideas available that will certainly benefit you in the long run, bringing you business and money, ensuring that you stay in the business for time to come.
At the Government level many new policy initiatives have been taken recently to boost the real estate Property in India . These policy decisions will lend a stimulus and impetus to the industry. It is beyond doubt that the new initiatives will unlock the potential of the sector. Also, along with the stimulus package announced by the Government, the Reserve Bank of India (RBI) has taken a definitive step whereby banks are allowed to devise new schemes beneficial to the property sector.
As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:
Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route.
Full repatriation of original investment after three years.
Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
100 per cent FDI allowed in realty projects through the automatic route.
Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time taken to develop special economic zones (SEZs) by simplifying the procedures to get the tax-tree industrial enclaves notified. Now developers can easily get their land classified as an SEZ at the outset itself by producing title deeds to prove their ownership. Again, the Government has announced several concessions in the Budget 2008-2009.
New Government initiatives to boost sector of Real Estate India include granting a tax holiday on profits from initiates in the financial year 2007-2008. In order to enjoy this benefit, the housing projects should be of the affordable housing unit type of 1000 to 1500 square feet. Another condition is that such projects should be completed by March 1, 2012. Further, the Finance Ministry has allocated US$ 207 million to grant 1% interest subsidy on home loans up to US$ 20, 691. In order to avail this benefit, the cost of the home should not be above US$41, 382. It is believed that these initiatives will be add further impetus to the real estate sector in the country.
Many people think that RERA is stand for Real Estate Regulatory Agency. However in reality RERA is stand for Real Estate Regulatory Authority in Dubai. RERA Dubai is the policy-making Dubai Land Department. It is a head agency which forms, governs and authorizes the real estate sector in Dubai.
RERA Dubai was founded on the 31st of July, in 2007 by His Highness Sheikh Mohammed Bin Rashed Al Maktoum, prime minister ruler and vice president of Dubai. RERA is different from the Dubai Lands Department (DLD) eventhough both authorities are involved in issues to do with property and real estate purchases and rentals.
The aim and objective of RERA Dubai is to set policies and plans in the real estate sector in Dubai in order to grow foreign investments. RERA is a part of Dubai Land Resources Department. The authority has its own financial and administrative independence with full legal authority to regulate the property sector in Dubai.
RERA Dubai also tell people on regulatory acts while purchasing the realty in Dubai. State resources can be in security department until the establishing up is complete. The estate can be broken but only later a particular commendation according local planning. The land given cannot be either purchased nor traded till the scripted instruction of His Highness Sheikh Mohammed Bin Rashed Al Maktoum is acquired. Tallying to the policy of confidentiality the Dubai Land Department don’t publish any info about its customers. Data relating the land conditions could be provided while the Dubai Land Department studies the condition of Land relations.
Associate the guidance of the declaration by RERA Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum of the Dubai principal plan 2015 to promote economic development and government modernization and allow substantiating growth and successfulness for all sectors, Dubai has provided great strides in placing the standard for the world in several sectors. This residential area and marketplace is the exceptional address for all the authoritative and reliable information regarding the Dubai real-estate sector.
RERA is set to model a pure international real estate approach system which factors the ‘old and the new’, the ‘customary’ and international ‘best practice’ approach. RERA main goal and objective is to ensure Dubai real estate practices and practitioners are raised to the highest condition known world wide for quality service, practices and simplicity of making out business in Dubai.
The Dubai Real Estate sector is attracting top talent from around the world and millions of dollars of Foreign Direct Investment(FDI). This unforeseeable development and interest at a international scale, provides Dubai authority to present a new concept of an on-line, virtual, real estate residential district.
The RERA Dubai website is at www.rpdubai.ae but rera.ae & rera.gov.ae can get you to RERA Dubai also.
As a great deal of progress is happening at every front, the direct impact is very much visible on the infrastructure. It is the rapid pace of development only that has resulted in the infrastructure boom. Owing to all these factors these days there are innumerable options available in terms of real estate.
The requirements for property and real estate have various different reasons. One may have the requirement owing to the professional of business needs. Whereas, on the other hand it can even be a personal property need behind a suitable and relevant requirement. As there is no dearth of requirements from every perspective, similarly there is no deficit of real estate options. In such a scenario it really gets a little difficult to make an apt selection.
Well, to make it a little easy for those who are seeking the exclusive options with respect to good and perfect real estate choices following are some of the best options:
1.Simi Valley Real Estate
2.Moorpark Real Estate
3.Newbury Park Real Estate
4.Thousand Oaks Real Estate
5.Granada Hills Real Estate
6.Chatsworth Real Estate
The best attribute associated with these options is the facility of wide price range. It is not that the spectrum of only one price range is covered by these options. In all the above mentioned options there are various price categories that assure suitable real estate availability for people of diverse socio economic class.
These options are good and exclusive primarily because of the following factors:
“Good Locations- the property locations offered by these real estate options are extremely premier in terms of their site and location.
“Well facilitated – when it comes to various types of requirements that cover the spectrum of daily facilities, these options have most of them to make sure that the property you buy is worth a decent investment.
“Connectivity – The areas of these real estate solutions are well connected with the adjoining places. This assures decent transportation and commuting prospects.
“Economical viability – as the investments that are made in terms of real estate are immensely huge, this factor is always of considerable importance. These options make sure that your investment in terms of property stands viable on economic grounds to the maximum extent possible.
“Modern solutions – another attribute associated with these options is that all of them understand the needs and requirements of the current times. That is why the complete treatment of these solutions is extremely modernized.
The locations of the real estate options mentioned above are some of the exclusive places that are progressing at a very fast pace in terms of all round development. They are very well in a perfect synchronization with the modern requirements. That is why one should not miss out on these exclusive options when thinking in terms of a wise investment in the real estate.
Seattle is considered to be one of the best places to buy a house in the US. It’s one of the country’s oldest cities, with archaeological findings showing that the area has been inhibited for at least 4,000 years. This city has a lot of natural resources which have been very helpful in cushioning many economic blows that have buffeted the country. If you’re looking at Seattle homes for sale or are looking to invest into Seattle real estate, here are a few things to look forward to when you’re living in the area:
1. A lot of beautiful parks to enjoy with the family – If you go around the city, there’s hundreds of parks to enjoy with family and friends. The biggest of which is Lincoln Park, which is 135 acres in size and has several tennis courts, walkways, public pools, picnic areas, and more. The Jefferson Park has a golf course inside the public park and has a beautiful and well-equipped gymnasium, a well-maintained set of gardens, and lots of open spaces to run and enjoy with the family. Parks make residential areas more family-friendly and fun to live in.
2. The Space Needle – One simply cannot visit this city without noticing this very unique observatory. The Space Needle was built way back in 1962 for the World’s Fair. During that time, over 20,000 people went up and down the observatory to look at this city of neighborhoods.
3. Lots of places for performing arts – This city has been called the regional center of the state for many years already. There are many places to enjoy different kinds of performing arts. There’s the Benaroya Hall where you can usually watch the Seattle Symphony Opera. There’s the McCaw hall where you can catch the Seattle Opera and the Pacific Northwest Ballet. All over the city, there are different concert halls, opera houses, theaters, and more. There’s also a very vibrant, very diverse music scene in this city. In fact, it has been the birthplace of many genres (like grunge music) and many famous performing artists in the country.
4. Museums – One of the best ways to appreciate the local history and culture is by visiting museums in the area. This city has a lot of interesting museums. One of them is the Burke Museum of National History and Culture. It’s a museum that focuses mainly on the history of Native Americans of the Pacific Northwest. There’s also the Seattle Metropolitan Police Museum which is dedicated to people who lost their lives in law enforcement.
There’s certainly a lot to discover and appreciate in this city. For those who want to buy Seattle real estate, why don’t you look at Seattle homes for sale online? It saves you time and gives you access to a comprehensive listing right at the comfort of your home.