Real Estate Investing Facts

Knowing the “how’s”, “what’s” and “why’s” in buying a real estate is not enough.  You need to consider the “when” as well.  This is important because the price of the property in the market fluctuates from time to time.  Meaning, the amount of financial investment is relative to time or season.  Three indicators were named as the best or most appropriate time to invest in real estate.  They are the following:

Economic slowdown

This is negative for most people but for home buyers and real estate investors, this is the best time to purchase the property.  Economic slowdown results to lay-off and unemployment.

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The increase in unemployment often forced several homeowners to sell or give up their property and seek employment somewhere where the grass is greener.  They often need to relocate the soonest time possible and as a result, they want to sell off their house as soon as possible as well.  The urgency to relocate is often the deciding factor to dispose their property even at a much lesser cost.

Increase in the interest rates

Increase in the interest rates is another indicator for the excellent time to buy.  Increase in the interest rates will make buying a new property to be expensive resulting to fewer buyers.  Fewer buyers will cause real estate prices to drop to attract more buyers.

In terms of monthly mortgage payments, it will be higher also but this is for a short period of time only.  Once interest rates drop again, you have the option to refinance the mortgage for a low interest rate.  In this way, you will have a lower monthly payment to the bank.

Holidays

They say the best day of the year to buy a home is Christmas day.  I can imagine some reactions but it’s really true.  Home prices are the lowest in December.  It is because mega sales are offered by stores and malls to attract consumers.  Most people are in frenzy buying presents and the percentage of those who are into home buying is much lesser.  The sales of real estate automatically drop which causes the prices to fall.  This is a good opportunity to go real estate shopping and shop for Scottsdale AZ Homes.

Another reason is the holiday spirit.  People are in good moods and are inclined to be more generous up to the point of giving a lesser price.

Lastly, if a property has been on the market over Christmas, the owner is really serious about selling that home.  This is a good time to negotiate.  You just need to find a real estate agent who is willing to work on Christmas.

You can search the web for real estate companies who are always glad to assist you at all times and are reliable regardless of the complexities of the real estate market like Scottsdale Real Estate.  A house in Scottsdale Homes is definitely a best deal and a good investment!

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The popular holiday destination of Egypt is going against the declining global tourism trend by seeing a 29% increase in visitor arrivals and 24% increase in tourism revenue in Q1 2010. 

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In stark contrast to the condition of the global tourism industry which is trying to bounce back from

“one of the most difficult years” (2009, WTO) and currently experiencing another blow from the Icelandic volcano crisis, estimating to be setting back airlines up to $400 million per day (International Air Transport Association), Egypt looks like it is going from strength to strength.

It cannot be said that Egypt was totally unaffected by the economic downturn of the last 12 months but with 3.46 million visitors arriving between January and March 2010 generating a revenue of $2.7 billion, Egypt “completely rebounded” according to Tourism Minister, Zoheir Garranah.

Tourism plays an very important part in the Egyptian economy, currently growing at an impressive 5.1%, responsible for more than 12% of employment and generating $10.76 billion in 2009 according to the Tourism Ministry. The traditional historical and cultural attractions such as the Pyramids of Giza and Luxor remain highly popular but also getting very popular the Red Sea coast is drawing millions each year to its clear warm waters, white sandy beaches and year round sunshine.

Steven Worboys, MD of Egypt property experts Experience International, whom market over 5000 properties along the Red Sea, commented:

“Egypt remains one of the most popular vacation and 2^nd home destinations in the world with over 1 millions Britons visiting annually. The combination of easy, cheap and direct access from the UK, affordable property prices and a reliable climate has made Egypt and the Red Sea coast in particular almost irresistible.”

One particular property for sale in Egypt which is seeing increased interest also thanks to its exclusive SIPP eligibility is the Samra Bay Marina & Spa Resort available through Experience International. Providing a true front line location on the “Golden Mile” of Hurghada, these luxury studio and 1 bedroom apartments are available from as little as 59,300 Euros, offer a guaranteed income for a minimum of 8 years and are certainly worth further consideration.

Forecasts for the rest of 2010 are positive with 5% economic growth expected and a target of increasing tourism revenue of $11.5 billion. Identifying the importance of investment the government also plans to increase spending by 11.2 billion Egyptian pounds ($2 billion) to support the economy, with most of the funds going into infrastructure projects.

For more information about buying in the thriving tourism hot spot of Egypt contact the experts at Experience International on + 44 (0) 207 321 5858 or visit experience-international.com.

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The First Deal Jitters

By Mary Kay

Picture this. You’ve been on the phone with the homeowner many, many times trying to help them solve their financial nightmare. You’ve tried getting their existing lender to approve a loan modification. You’ve asked them to call family and friends to see if they can bail them out. You’ve had them call your mortgage broker for a refinance or a new junior loan. You’ve guided them through the process of listing their house through an agent, or doing a “for sale by owner”.

Whatever the reason, you now have a homeowner who can’t make any of these solutions work. And the owner says to you, “Hey, I’m sick and tired of trying to save this house…. Why don’t you just buy it from me?”

WOAH!!! What do you do? Are you ready to jump into the fire with both feet?

Don’t think this won’t happen. When you treat a homeowner with dignity and respect, as Alexis has taught you, you can bet that sooner or later this WILL happen. It’s not a matter of will it happen, but when will it happen!

Just two weeks ago I got a call from one of my Coaching clients (and Lab graduate) LJ. She was breathless and didn’t know what to do first. I guess you can say she had amnesia from the Lab she just took a few months ago. It was time to recap the entire process again. But that’s what I’m here for…

L J is a stickler for following directions, so after completing her Six Steps to Mastering Foreclosures, home study course and Mastering Systems Lab, she did what Alexis told her. She called neighbors and relatives first. She tried to reach him by phone. But that yielded no luck; nada; nothing. So, L J loaded up her husband on a sunny Saturday and drove to the house in default, in hopes of talking to the homeowner. Low and behold…. he came out of the house and spoke with her.

“Not to worry” the homeowner told her. “I have two or three other people already trying to help me”. Hmmm… L J begins to ask the right questions. “What happened? Why are you still in the middle of the loan process after 3 weeks? What has your lender said? What about a loan modification? Why do you think Bankruptcy is a good idea? Tell me more about this “staying in your home sale-leaseback”? Why are you dealing with someone who is trying to scam you into an illegal agreement?” She asked the right questions at the right time and listened intently to the owner’s answers.

The homeowner immediately recognized that L J knew what she was talking about and immediately bonded with her. L J set the wheels in motion and told the homeowner she would return with information regarding Sale/Lease Back Schemes.

L J had driven home and returned back to the owner’s house that same day with printed information on scams and bankruptcy. The owner then gave L J her private home and cell numbers. Now she was in.

The next step was getting the homeowner hooked up with a legitimate mortgage broker who would give an honest answer within 72 hours of the request. Can she afford to keep the home, considering her current financial picture?

One week later L J follows up with the homeowner and finds out he can’t get a loan. No job; No income; No loan – Even with 35% equity (not unless he wanted to contact a Predatory Lender). Sensing the homeowner’s frustration, L J drives to the house and the owner hands her the Trustee Sale Auction Notice that was posted on the front door a couple of days prior.

Uh oh…. L J turns to the homeowner and asks, “What’s your back up plan? Can your mom and dad help you?” He answers “No way…. Hey L J, why don’t you just buy my house and help me out of this mess? I TRUST YOU. You’re the only one who actually cared about me and tried to HELP me.”

L J and I got to work by phone handling the details. We crunched the numbers, wrote the contract, opened escrow, reviewed title, found and negotiated with her contractor, and created a plan to sell the property – all the stuff she learned from Alexis just a few months ago, but had so easily forgotten. This is a scary time for a new investor. I am so glad I could be there for L J, to walk her through it. Deal now done.

Great job L J! Onto the next homeowner who needs our help!

Your Friend,

Coach Mary Ka

Foreclosure Properties

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The major mistake most individuals make when purchasing  Palm Desert foreclosures is getting in over their heads financially, states Leo Nordine, owner of Nordine Realtors in Hermosa Beach.

“If you can’t afford to have a 30-year fixed, you just can’t afford the house. I cannot tell you how many houses I have marketed more than once mainly because the buyer didn’t do their homework and ended up losing the house to foreclosure two years down the road,” said Nordine, who has specialized in foreclosure property since 1990.

Thinking about buying  Palm Desert foreclosures? Here are five suggestions from Nordine:

Understand the marketplace. Subscribe to ForeclosureRadar. The map-based system enables subscribers to track foreclosures all through California plus the West Coast with 60 criteria (lender, value and map, for instance). The website has a foreclosure learning center and offers a three-day trial (free of charge) or perhaps a monthly subscription ($49.95). “You can target properties and look up the sale date and other facts,” Nordine states. “You can know about the property details prior to the listing agent.”

Buy smart. “The inexpensive stuff is bottoming out. The high end is still heading down. So Palm Desert is often a good place to invest in correct now mainly because it’s at the bottom. Brentwood, in my opinion, is still going to drop,” he adds. Nordine claims South L.A., Riverside, North Long Beach and East L.A. are great bets for foreclosure bargains. “Those are places which are relatively safe for investments, simply because you aren’t going to obtain and watch the price drop 10% six months later,” he claims.

Be prepared to beat the pack. Very good  Palm Desert foreclosures garner multiple offers, so write a clean “as-is” offer that enables for the seller’s “choice of title” and “choice of escrow.” Sellers are attracted to offers that require less work for them, Nordine says. So be prepared to jump through all the hoops. “If the property is owned by Chase, and Chase demands pre-qualification by a Chase loan rep, as an example, get the pre-qualification right away. If they want proof of funds or perhaps a credit report, have that documentation prepared to go,” he says.

Leave emotions at the door. “It is really a tough industry with lots of folks seeking deals, so it’s easy to get discouraged, Nordine says. “But if you’re diligent and keep trying, you will eventually discover a good foreclosure.”

Get the big picture. With fewer disclosure requirements on most foreclosures, Nordine claims it’s crucial to do your due diligence on the history of the house and get data concerning the property, past and present. Continue to keep an eye out for outstanding liens, loans, fees and tax debts that could transfer and become your own individual post-sale aggravation.

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Why choose timber windows

Timber is actually the most environmentally friendly building material as it is renewable and is becoming included more and more in modern day construction techniques, you have to make certain that the wood utilized is from sustainable renewable resources. From an aesthetic and conversational point of view presently there is simply no comparison between wooden products and UPVC systems.

Good quality timber windows tend to be however out of the financial reach of the wide majority of house owners. Whilst very good top quality UPVC windows are generally very reasonable. By simply using timber windows rather of PVC-U the planet will certainly Conserve around 0.5 tonnes of Co2 for every ten windows and up to 4 tonnes if implemented instead of aluminum. If you find Timber windows and doors to be rather pricey, you can always search for first rate top quality alternatives. Accoya wood is a cost-effective option if you are looking for the strength and warm appeal of wood. Right now there is also a lot of engineered timber windows which provide a much more cost effective alternative.

Preservatives, paints and stains have evolved greatly over the previous 10 years. Factory painted timber windows should really not be expected to need repainting for in excess of 10 years. After ten years they can easily be brought back to a just as brand new appearance by applying 1 more coating of paint. Stains and varnishes could be applied in the factory or even at the site, in order to give a natural timber finish.

One of the benefits of wooden windows is that they can frequently be repaired without specialist skills, materials or know-how. If a handle is ripped out of a plastic window then you can not mend it. With wood the problem can be filled and repainted to end up being just as new once more

Though upkeep of high performance timber windows is easy and minimal some might consider that they are usually not necessarily suitable for high rise properties. In this particular situation aluminum and wood combination windows should be considered in preference to PVC. These have the warmness associated with timber inside the house however possess the aluminum on the exterior offering a long wearing paint finish.

Buying Investment Properties

Property Investing

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