The building plots require some one who can take care of it. And you might ask a question that how is it possible to find a perfect building plot. I will take you through some of the situation and tell give you a list of some tips which will be very helpful for you to find the perfect plot according to what you need to build. So I am listing some points which will help you find the perfect building plot.
1.For school
Let us suppose that you want to build a school. Which area will you prefer? Surely you will prefer residential area. There are many reasons behind it. Mothers are used to send their children to those schools which are nearer to their house. Hence if you make a school in residential area then there is a great chance that more children will join your school.
2.For IT companies
Lots of IT Park has been built where an IT company can do its job. And I must tell you that IT parks are best suited for IT companies. I hope that you will also agree to me.
3.For restaurants
If you want to make restaurants then you should prefer that area which is not so far from residential area and very busy. In fact you will prefer that area which will be crowded and people come there to spend their weekend. You will really be able to make more profit at that place.
4.For hotels
If you want to make any seven star hotel then you should look in the area from where airport is nearer since you business will flourish in that area and you will really enjoy since you will be in profit.
5.Golf courses
It's not possible to manage a golf course in the city and hence if you are interested in building golf course then you will have to look for the area outside the city.
6.Houses with minimum credit
If you don't have money then you should not really feel sorry. You will really enjoy buying condos. It will be cheaper and you ca easily manage it.
7.Resorts
If you want to build a resort then you will have to look for the place which is not so crowded. It's quiet sure that you will not find such area within the city hence you will have to look for some area which is outside the city and fertile because you will have to grow different kinds of popular trees.
I must tell you that the type of building plot changes with every person. You might prefer the residential area and some body else might prefer the area which is not so crowded.
Friday, February 27, 2009
Wednesday, February 25, 2009
Why spend in Net Lease Commercial Real Estate
Which you will buy first residential real estate or commercial real estate? You will definitely say that you will first buy commercial real estate and then residential real estate surely commercial real estate is an advantage on many issues where residential area doesn't have. I must say by my experience that commercial real estate is really hard to find as compared to real estate. Hence it is always said that whether you find real estate on lease or for ever you should go for it. You should really not loose any opportunity.
I will list some advantages:
1.multiplicity:
I must add that if you buy a commercial plot then you are free to opt for multiple type of business. You can opt to open restaurants or you can opt to open a special fast food center. You can about anything.
2.Good principal gain:
You should really look for great capital gain while you go for real estate. The real estate saves you from losses due to inflation. Since the real estate value always increases with time, you will be able to keep up with inflation.
3.Relatively low risk:
The real estate might be the most liquid of investment but it is really risk free and not so risky as compared to stocks and bonds. I must tell you that real estate never loses its value. You can easily calculate your income from real estate as compared to stocks. You should cautiously compute your assets value, work out the rent and if you are using double- net lease, cost of repairs and hence you will easily come up with clear cut idea about how much profit you make out of real estate.
4.solid cash flow:
It is quiet easy to calculate the profit out of commercial real estate. You can easily work out what you have to worry of. I must tell you that you just have to worry about mortgage, rent and maintenance. Everything else is fine. While it is true that your income is dependent on tenant; businesses are a lot less likely to default than individual lease holders.
5.Tax benefits:
Many tax payers feel that the best tax benefits which you make is with the tax write off which you get every year due to depreciation of your property however the market value go on increasing. This is just the opposite of some field where you end up paying more tax than usual.
6.The advantage of net lease agreement:
The main advantage of the net lease agreement is that you will not have to look after the maintenance of the property. The tenant himself will have to look after it. The taxes and building insurance are included. The scenario changes with double and even triple net lease agreement.
Hence you will really realize that there is really a great profit in investing in real estate. You cannot under estimate the real estate and how can you really since it the top most industry in US. And as far as net lease estates are concerned they are really great.
I will list some advantages:
1.multiplicity:
I must add that if you buy a commercial plot then you are free to opt for multiple type of business. You can opt to open restaurants or you can opt to open a special fast food center. You can about anything.
2.Good principal gain:
You should really look for great capital gain while you go for real estate. The real estate saves you from losses due to inflation. Since the real estate value always increases with time, you will be able to keep up with inflation.
3.Relatively low risk:
The real estate might be the most liquid of investment but it is really risk free and not so risky as compared to stocks and bonds. I must tell you that real estate never loses its value. You can easily calculate your income from real estate as compared to stocks. You should cautiously compute your assets value, work out the rent and if you are using double- net lease, cost of repairs and hence you will easily come up with clear cut idea about how much profit you make out of real estate.
4.solid cash flow:
It is quiet easy to calculate the profit out of commercial real estate. You can easily work out what you have to worry of. I must tell you that you just have to worry about mortgage, rent and maintenance. Everything else is fine. While it is true that your income is dependent on tenant; businesses are a lot less likely to default than individual lease holders.
5.Tax benefits:
Many tax payers feel that the best tax benefits which you make is with the tax write off which you get every year due to depreciation of your property however the market value go on increasing. This is just the opposite of some field where you end up paying more tax than usual.
6.The advantage of net lease agreement:
The main advantage of the net lease agreement is that you will not have to look after the maintenance of the property. The tenant himself will have to look after it. The taxes and building insurance are included. The scenario changes with double and even triple net lease agreement.
Hence you will really realize that there is really a great profit in investing in real estate. You cannot under estimate the real estate and how can you really since it the top most industry in US. And as far as net lease estates are concerned they are really great.
Monday, February 23, 2009
How to Get an Alabama Real Estate License
Alabama is really a great place to be in. you must have heard from many that it is really a tough going as far as Alabama is concerned. However I do not agree with all these. I have seen so many real estate agents who are really having great time in Alabama. I must add that Alabama can really bring a great life for you. The real estate sector in Alabama has seen a boom on most of the occasion.
As far as real estate license is concerned Alabama has some set of rules to be followed. I must tell you that Alabama has some very easy rules to be followed. You will not find any difficulty what so ever in clearing them. I will list the requirement one by one:
1.Education:
You are required to have a high school certificate. After this you will be required to do a course in real estate which can be of forty or fifty hours. These are quiet easy courses and you will easily be able to clear them.
2.State exam:
After completing the course you will be required to clear a state exam. I must tell you that state exam is really a tough one and you will have to study very hard. You should make sure that you somehow pass this exam. This is really a tough ask but that is what real estate agent is all about. You will really feel glad if you are able to pass the state exam.
3.Age verification:
You should really be over 19 years of age and should be a US citizen. You should make sure that you are never indulged in any crime. If you will indulge in any crime then you will really not be able to become a real estate agent. The AREC will review your form and tell you whether you can be a real estate agent or not. You must make sure that you should not have any rejected application or revoked license from any state for the past.
4.Take the state associate license:
Complete AREC approved license course gain the state associate license. Once you get this license your half job is done. Once you complete the course successfully you will then be required to work as a real estate salesperson and gain some experience.
5.Gain experience as a real estate salesperson:
You will be required to work as a real estate salesperson and gain some experience. It will really be required that you have to work under some real estate tycoon for some time.
6.Gain the final real estate license:
Once you complete your internship you will be rewarded the final license and you will become the real estate broker.
Hence these are the steps by which you can become a real estate agent in Alabama.
As far as real estate license is concerned Alabama has some set of rules to be followed. I must tell you that Alabama has some very easy rules to be followed. You will not find any difficulty what so ever in clearing them. I will list the requirement one by one:
1.Education:
You are required to have a high school certificate. After this you will be required to do a course in real estate which can be of forty or fifty hours. These are quiet easy courses and you will easily be able to clear them.
2.State exam:
After completing the course you will be required to clear a state exam. I must tell you that state exam is really a tough one and you will have to study very hard. You should make sure that you somehow pass this exam. This is really a tough ask but that is what real estate agent is all about. You will really feel glad if you are able to pass the state exam.
3.Age verification:
You should really be over 19 years of age and should be a US citizen. You should make sure that you are never indulged in any crime. If you will indulge in any crime then you will really not be able to become a real estate agent. The AREC will review your form and tell you whether you can be a real estate agent or not. You must make sure that you should not have any rejected application or revoked license from any state for the past.
4.Take the state associate license:
Complete AREC approved license course gain the state associate license. Once you get this license your half job is done. Once you complete the course successfully you will then be required to work as a real estate salesperson and gain some experience.
5.Gain experience as a real estate salesperson:
You will be required to work as a real estate salesperson and gain some experience. It will really be required that you have to work under some real estate tycoon for some time.
6.Gain the final real estate license:
Once you complete your internship you will be rewarded the final license and you will become the real estate broker.
Hence these are the steps by which you can become a real estate agent in Alabama.
Friday, February 20, 2009
How to buy a Property in Turkey
Traditionally British people have bought land in European Mediterranean countries like Spain, France, Italy and Cyprus as well as some famous US destinations like Florida. However these places are now very expensive and costly. Hence now days they are seeking alternate foreign destination.
If you want to buy a property which is much cheaper and you can spend your vacations as well as rent it whenever required so that you can earn a good sum of money, if you want to enjoy long summers stretching from March to November, then turkey is the most appropriate destination for you.
In 2007, more than 23 million tourists visited Turkey. And 25 million tourists are expected in 2008. This figure is to double within a few years. Many international sports have been organized in Turkey.
Moreover the facts that:
These points clearly suggest that house prices are to be rocketed with few years. Thus there are big prospects related to property and construction based businesses.
Who can buy property in Turkey?
According to the article 35 of titles deed laws, foreign nationals are able to acquire property in turkey on the condition of being reciprocal and complying with legal restrictions.
In the implementation of reciprocal principal it is essential that the real estate acquisition rights given by a foreign country to its own citizens and to commercial countries established in foreign countries according to the laws of these countries are also given to the citizens and commercial companies of the country of turkey.
Where and what type of property can foreigner buy?
Foreign nationals can buy properties in the zones covered by an Implementary development plans or a local development plan for use of residential or commercial purposes. Foreign nationals and foreign companies cannot buy property in the military, strategic and security zone of the country.
I must tell you in a nut shell that the Turkish governments have made the law very simple and now it is very easy for the foreign investors to buy property in turkey. There are some restrictions where they cannot buy the property but this is common to all countries. Hence I would say that you should really invest in properties of turkey and enjoy the long summer.
If you want to buy a property which is much cheaper and you can spend your vacations as well as rent it whenever required so that you can earn a good sum of money, if you want to enjoy long summers stretching from March to November, then turkey is the most appropriate destination for you.
In 2007, more than 23 million tourists visited Turkey. And 25 million tourists are expected in 2008. This figure is to double within a few years. Many international sports have been organized in Turkey.
Moreover the facts that:
- The new mortgage laws and other relevant laws were enacted in 2007.
- Housing supply in Turkey currently lags behind the demand.
- Average ages of houses in turkey suggest that new houses are required to be built.
- The building constructed after the devastating earthquake in Izmit, a city in the north west of turkey is much more preferred by the investors because they are earth quake proof.
- Significant of buildings lacks the required licenses
These points clearly suggest that house prices are to be rocketed with few years. Thus there are big prospects related to property and construction based businesses.
Who can buy property in Turkey?
According to the article 35 of titles deed laws, foreign nationals are able to acquire property in turkey on the condition of being reciprocal and complying with legal restrictions.
In the implementation of reciprocal principal it is essential that the real estate acquisition rights given by a foreign country to its own citizens and to commercial countries established in foreign countries according to the laws of these countries are also given to the citizens and commercial companies of the country of turkey.
Where and what type of property can foreigner buy?
Foreign nationals can buy properties in the zones covered by an Implementary development plans or a local development plan for use of residential or commercial purposes. Foreign nationals and foreign companies cannot buy property in the military, strategic and security zone of the country.
I must tell you in a nut shell that the Turkish governments have made the law very simple and now it is very easy for the foreign investors to buy property in turkey. There are some restrictions where they cannot buy the property but this is common to all countries. Hence I would say that you should really invest in properties of turkey and enjoy the long summer.
Wednesday, February 18, 2009
How to Avoid Home Refinance Mistakes
You might decide for home refinance so that you can get some better opportunities. You might get some new loan schemes for which you have to pay less money. However you will surely want to know what mistake have been in common among the people who have gone for home refinance. I will list some for you:
1.Refinancing exclusive of shopping around
It's a common mistake which everybody make. Your lender might not provide you the best loan package. He might be taking more interest. These all things will be clear if you do proper shopping and it is only after shopping that you should decide that which policy will be the best for home refinancing.
2.uninformed of break even period
When you think of refinancing then you will have to pay the closing cost which can be offset by your saving due to lower rate. The time period during which the saving fully offset the cost is break even period. You should know about the break even period so that you can occupy the property till then and recover the cost.
3.Not acknowledged a good faith estimate
The lender is likely to provide you with good faith estimate within three business days. With the help of this you can know all the hidden cost. By doing this you make sure that you do not pay more. So if you don't have good faith estimate from the lender, ask him now.
4.bearing in mind assessed value
Do not ever rely on the assessed value of your property finalized by county tax assessor. You get loan on the appraised value calculated by your real estate agent using sales comparing approach or the cost approach.
5.Paying for evaluation even if the home value is low
It is better to not agree to pay for a formal appraisal when you are aware that your home appraised value is low. You can ask your lender for automated valuation model. This will provide you a list of appraised value for your property. Thus the appraiser will give you a list of home value from which you can make sure that whether you will be able to manage your property with the amount of financing that is available.
6.Signing loan documents before reading
It is really very risky to sign loan documents before reviewing them properly. You should know in details what extra cost is hidden in the documents which you have to pay. Hence it is always better to review the document at first before reviewing it.
These are some of the mistakes which we all make during home refinancing. If you consider them all and don't ever try to make these mistakes then you will really win some great offer which will really change your life.
1.Refinancing exclusive of shopping around
It's a common mistake which everybody make. Your lender might not provide you the best loan package. He might be taking more interest. These all things will be clear if you do proper shopping and it is only after shopping that you should decide that which policy will be the best for home refinancing.
2.uninformed of break even period
When you think of refinancing then you will have to pay the closing cost which can be offset by your saving due to lower rate. The time period during which the saving fully offset the cost is break even period. You should know about the break even period so that you can occupy the property till then and recover the cost.
3.Not acknowledged a good faith estimate
The lender is likely to provide you with good faith estimate within three business days. With the help of this you can know all the hidden cost. By doing this you make sure that you do not pay more. So if you don't have good faith estimate from the lender, ask him now.
4.bearing in mind assessed value
Do not ever rely on the assessed value of your property finalized by county tax assessor. You get loan on the appraised value calculated by your real estate agent using sales comparing approach or the cost approach.
5.Paying for evaluation even if the home value is low
It is better to not agree to pay for a formal appraisal when you are aware that your home appraised value is low. You can ask your lender for automated valuation model. This will provide you a list of appraised value for your property. Thus the appraiser will give you a list of home value from which you can make sure that whether you will be able to manage your property with the amount of financing that is available.
6.Signing loan documents before reading
It is really very risky to sign loan documents before reviewing them properly. You should know in details what extra cost is hidden in the documents which you have to pay. Hence it is always better to review the document at first before reviewing it.
These are some of the mistakes which we all make during home refinancing. If you consider them all and don't ever try to make these mistakes then you will really win some great offer which will really change your life.
Monday, February 16, 2009
Top Real Estate Expert
Can you tell who the best real estate expert is? You will really have a great confusion. I must tell you that in today world the real expert is one who earns the most. What I want to say is the fact that earning is one of the criteria on the basis of which you can decide whether somebody is a good real estate expert or not. There is one another twist in the tail. You must have some queries in your mind. For you the best real estate expert will be someone who solves all your queries. But these assumptions are purely on the basis of some criteria. I must tell that the exact definition of real estate expert is that a person who has a very deep knowledge about all the terminologies related to the real estate.
You must be wondering up till now that what you should really do so that you yourself become the top real estate expert. I must tell you that this is not an easy job. You will really have to studying very hard to become a top real estate expert. You are not supposed to know just about the real estate flipping if your want to become the real expert. If you really want to be in that category then you will have to know about each an every aspect of flipping. Don't get confused by the real estate team members. You are not going to become a top real estate agent or realtor. You are going to become a top real estate expert. Hence you are required to have knowledge about each an every topic which is a part of real estate.
I must tell you that the consultancy fee of top real estate expert is very high. They can charge up to $1000 dollars per hour or even more. Now you can really have an idea that how hard it is to become the top real estate expert. I must say start reading some real estate books if you want to become an expert.
You must have heard about Kenn Renner. He is among the topmost real estate expert in US. I would really like to share a moment when I talked to kenn Renner. I must tell you that they are really soft spoken and they will really teach you everything without much headache. You will really feel as if it is very easy. Such is the magic of these real estate experts. I got a chance to meet Renner and I talked about foreclosing in detail.
I must tell that if you have interest in real estate then you will really have a great pleasure if you ever meet a real estate expert. I must tell you that the amount of knowledge imparted by them is really tremendous.
You must be wondering up till now that what you should really do so that you yourself become the top real estate expert. I must tell you that this is not an easy job. You will really have to studying very hard to become a top real estate expert. You are not supposed to know just about the real estate flipping if your want to become the real expert. If you really want to be in that category then you will have to know about each an every aspect of flipping. Don't get confused by the real estate team members. You are not going to become a top real estate agent or realtor. You are going to become a top real estate expert. Hence you are required to have knowledge about each an every topic which is a part of real estate.
I must tell you that the consultancy fee of top real estate expert is very high. They can charge up to $1000 dollars per hour or even more. Now you can really have an idea that how hard it is to become the top real estate expert. I must say start reading some real estate books if you want to become an expert.
You must have heard about Kenn Renner. He is among the topmost real estate expert in US. I would really like to share a moment when I talked to kenn Renner. I must tell you that they are really soft spoken and they will really teach you everything without much headache. You will really feel as if it is very easy. Such is the magic of these real estate experts. I got a chance to meet Renner and I talked about foreclosing in detail.
I must tell that if you have interest in real estate then you will really have a great pleasure if you ever meet a real estate expert. I must tell you that the amount of knowledge imparted by them is really tremendous.
Friday, February 13, 2009
Real estate repairing
Real estate investing always brings a fruit with it. If you are a shrewd investor then you will definitely want to sell it very soon at higher price or you will try to build something big on it. It might be a hotel or it might be a restaurants. If you have such an idea then you can definitely opt for a land which can prove you more fruitful. But now architecture world is at its peak. You can cut the walls with the help of drillers and give it a shape you like. I have seen many residential houses to be turned into a resort and many of them become a hotel.
The only thing which you will have to make sure is that the building should have been made with the help of beam technology. Then you can really cut the walls without any fear and give the house a shape which you like.
However the one which we were talking at first was an example of huge repairing and in fact restructuring. I would like to add that on most of the cases the investors feel it safe to do some repairing and sell the house again with a wide margin as profit. You must question now that why is the repairing done. I must tell you that repairing is done so that you can sell it at higher price. I have already told you one reason for major repairing as far as real estate business is concerned. However as far as simple repairing is concerned has also been touched by me a while ago. I will definitely try to give you an insight of minor repairing.
The first one is electrical repairing. You should make sure that all the wiring as well as lighting and centralized AC system is properly working properly. If there is any problem then you should make sure in advance that it is amended and you are able to solve it before home inspection. I must tell you that as far as home inspection is concerned the people give a real search for the electricity supply as well as water supply. Hence you should make sure that there is no sewage in any part of the house.
The other thing which every buyer wants to be removed or absent is the pets. You should really remove each an every mark of the pets from the house. There are various professionals who are really great at this and you can take their help.
I have talked about almost all kinds that your house will need before selling it. Believe me that if you will do proper repairing then the buyer will always find your house according to his taste while home inspection and will really promise to pay higher price. Hence repairing is really a necessary evil.
The only thing which you will have to make sure is that the building should have been made with the help of beam technology. Then you can really cut the walls without any fear and give the house a shape which you like.
However the one which we were talking at first was an example of huge repairing and in fact restructuring. I would like to add that on most of the cases the investors feel it safe to do some repairing and sell the house again with a wide margin as profit. You must question now that why is the repairing done. I must tell you that repairing is done so that you can sell it at higher price. I have already told you one reason for major repairing as far as real estate business is concerned. However as far as simple repairing is concerned has also been touched by me a while ago. I will definitely try to give you an insight of minor repairing.
The first one is electrical repairing. You should make sure that all the wiring as well as lighting and centralized AC system is properly working properly. If there is any problem then you should make sure in advance that it is amended and you are able to solve it before home inspection. I must tell you that as far as home inspection is concerned the people give a real search for the electricity supply as well as water supply. Hence you should make sure that there is no sewage in any part of the house.
The other thing which every buyer wants to be removed or absent is the pets. You should really remove each an every mark of the pets from the house. There are various professionals who are really great at this and you can take their help.
I have talked about almost all kinds that your house will need before selling it. Believe me that if you will do proper repairing then the buyer will always find your house according to his taste while home inspection and will really promise to pay higher price. Hence repairing is really a necessary evil.
Wednesday, February 11, 2009
History of the North Cyprus Property Boom
Cyprus has been invaded by many countries. Either it is British government or France all have some time in Cyprus. Turkey invaded north Cyprus in 1974 and conquered it. Before giving freedom to Cyprus, they divided Cyprus in two halves and named the north Cyprus as Turkish republic of north Cyprus (TRNC). I must tell you that Cyprus (north) was cut from all the European countries and also from its southern neighbor. This was really very bad for the country.
The island still lacks the airport facility but I must tell you that the country is really good for investment. I must say that if you will buy the property today then we will really be in profit in the coming period of time. It will be not more time that an airport will be established in North Cyprus. And hence the area will come in the direct contact of various European countries. If you are from US then you can get the real value for your dollars if you buy a land in Cyprus.
Cyprus is a really very good place for the tourists. Being an island it really enjoy the great environment. I must say that climate of Cyprus is mind blowing and you will really have a great time while spending your holidays.
You can find the properties of all types if you are in Cyprus. You will find condos, waterfront condos, beachfront condos, single family homes, hotels, restaurants, pent houses and in fact you will find all kind of properties here in Cyprus.
Cyprus has a very sad history for local peoples however if you are a tourist then you will really love it. There were so many foreign rulers who invaded the country and it was really sad that the local inhabitants were turned just to be slaves. They were taken to countries like South American countries and they were sold out. However their bad days are gone. Now they enjoy as other citizens of various countries do enjoy. I must say that they are really nice and you will really enjoy talking to them. They have been among the very best as far as tourism is concerned and I must add that you will never find them being in loss, I mean those who are investing in Cyprus. Cyprus is really an emerging country and I do hope that it has great future ahead. This region was very powerful during Ottoman Empire. You must really have heard about Ottoman Empire. You can really find many historical places in Cyprus which lets us remember the great Ottoman Empire. I must say that invest in the properties here in Cyprus and wait for the profit to come our way.
The island still lacks the airport facility but I must tell you that the country is really good for investment. I must say that if you will buy the property today then we will really be in profit in the coming period of time. It will be not more time that an airport will be established in North Cyprus. And hence the area will come in the direct contact of various European countries. If you are from US then you can get the real value for your dollars if you buy a land in Cyprus.
Cyprus is a really very good place for the tourists. Being an island it really enjoy the great environment. I must say that climate of Cyprus is mind blowing and you will really have a great time while spending your holidays.
You can find the properties of all types if you are in Cyprus. You will find condos, waterfront condos, beachfront condos, single family homes, hotels, restaurants, pent houses and in fact you will find all kind of properties here in Cyprus.
Cyprus has a very sad history for local peoples however if you are a tourist then you will really love it. There were so many foreign rulers who invaded the country and it was really sad that the local inhabitants were turned just to be slaves. They were taken to countries like South American countries and they were sold out. However their bad days are gone. Now they enjoy as other citizens of various countries do enjoy. I must say that they are really nice and you will really enjoy talking to them. They have been among the very best as far as tourism is concerned and I must add that you will never find them being in loss, I mean those who are investing in Cyprus. Cyprus is really an emerging country and I do hope that it has great future ahead. This region was very powerful during Ottoman Empire. You must really have heard about Ottoman Empire. You can really find many historical places in Cyprus which lets us remember the great Ottoman Empire. I must say that invest in the properties here in Cyprus and wait for the profit to come our way.
Monday, February 9, 2009
What to Know Before Becoming a Real Estate Agent
Real estate agent is a person who performs the activities like selling the house. He is the key man of the real estate team. I must say that it really is a very important member of the team. One can really not think of any sort of real estate deals and I must say that you will definitely real estate agents to be of great help.
However you must know that there are some requirements which you will have to keep in mind before you finally become a real estate agent. I do feel that you would be quiet eager to know what those things are.
I would now like to put forward some facts which you will definitely find quiet interesting. These are some points which you must know before becoming a real estate agent:
1.The first point which you should really know is that you will have to give a state exam in order to become a real estate agent. You will definitely find it necessary to study hard if you want to solve this out. Once you will pass the exam your next step will be to apply for the license. You should definitely make sure that you get the license within one year of passing the exam. You will definitely have to give the exam once again if you will not apply for it within one year of passing the exam.
2.The next thing which you should keep in mind is that you will have to do some internship as well. You will definitely have to work under some real estate tycoon to learn all the tricks of the real estate. I do feel that you will have to know about all the tricks like foreclosure, flipping, loans etc. only then you will be ready for becoming real estate agent.
3.Once you are registered real estate agent all you will have to do is to generate the list of potential buyers of different financial range. For example you can write down the names of all the buyers who can afford to buy the property which ranges between $200000 and $300000. Similarly you can prepare the list for other ranges as well. You must note down that if you want to become a successful real estate agent then you will have to have a long list of ready potential buyers. I do feel that you should really keep this in mind.
Once you will know all these things then I do feel that you will definitely not require to do anything more. You will definitely enjoy as a real estate agent. It will be really a fun for you then.
However you must know that there are some requirements which you will have to keep in mind before you finally become a real estate agent. I do feel that you would be quiet eager to know what those things are.
I would now like to put forward some facts which you will definitely find quiet interesting. These are some points which you must know before becoming a real estate agent:
1.The first point which you should really know is that you will have to give a state exam in order to become a real estate agent. You will definitely find it necessary to study hard if you want to solve this out. Once you will pass the exam your next step will be to apply for the license. You should definitely make sure that you get the license within one year of passing the exam. You will definitely have to give the exam once again if you will not apply for it within one year of passing the exam.
2.The next thing which you should keep in mind is that you will have to do some internship as well. You will definitely have to work under some real estate tycoon to learn all the tricks of the real estate. I do feel that you will have to know about all the tricks like foreclosure, flipping, loans etc. only then you will be ready for becoming real estate agent.
3.Once you are registered real estate agent all you will have to do is to generate the list of potential buyers of different financial range. For example you can write down the names of all the buyers who can afford to buy the property which ranges between $200000 and $300000. Similarly you can prepare the list for other ranges as well. You must note down that if you want to become a successful real estate agent then you will have to have a long list of ready potential buyers. I do feel that you should really keep this in mind.
Once you will know all these things then I do feel that you will definitely not require to do anything more. You will definitely enjoy as a real estate agent. It will be really a fun for you then.
Friday, February 6, 2009
Attracting Prospects than to Chase Leads
Attracting prospects is quiet different from generating leads. In fact both of them are the two different methods to find the potential buyers for your property. As far as the individual is concerned he would really look out for the real estate agent to sell his/her house. It is really difficult for him to finalize the deal on himself. However this is not the case only with the seller. The real estate agents too find it a lot difficult to generate the list of potential buyers. They follow many techniques to make a long list of potential buyers. However you will note down that those real estate agents who are quiet experienced have longer list of potential buyers.
I must say that you will definitely the real estate agents as well searching for the potential buyers. You would definitely like to know how they are able to do it. I must say that they do it by advertising.
However the advertising can be in two ways. The first one is to attract the buyers so that they can directly call the real estate agents to buy the property and the other way is that the real estate agents gets the phone number or the address so that they can generate the leads and then finally prepare the listing. I must say that this is really one of the methods which you will really find great.
As far as the attracting prospects are concerned you will definitely have to look at some points if you want to attract the potential buyers. They are as follows:
1.You will have to present the house in best possible way. You can really go for staging which can really be a great help for you. In fact staging is done to make your house look attractive. The next thing which you will have to do is that you will have to take some photographs from a good camera and present those photos in the advertisement. You will definitely find these kinds of advertisements to attract many peoples.
2.The other thing which you can do is to make sure that the advertisement reaches in the hands of large number of peoples. This is really very important because nothing can be done if the people do not come to know about your properties. I must say that you should really make sure that most of the people do come to know about your properties and have a clear cut idea about your house. It will be only when your house will attract them that they will show the interest in your house.
I do feel that attracting prospects sometimes do work better than generating leads but I must also say that both of them are equally good method of luring potential buyers.
I must say that you will definitely the real estate agents as well searching for the potential buyers. You would definitely like to know how they are able to do it. I must say that they do it by advertising.
However the advertising can be in two ways. The first one is to attract the buyers so that they can directly call the real estate agents to buy the property and the other way is that the real estate agents gets the phone number or the address so that they can generate the leads and then finally prepare the listing. I must say that this is really one of the methods which you will really find great.
As far as the attracting prospects are concerned you will definitely have to look at some points if you want to attract the potential buyers. They are as follows:
1.You will have to present the house in best possible way. You can really go for staging which can really be a great help for you. In fact staging is done to make your house look attractive. The next thing which you will have to do is that you will have to take some photographs from a good camera and present those photos in the advertisement. You will definitely find these kinds of advertisements to attract many peoples.
2.The other thing which you can do is to make sure that the advertisement reaches in the hands of large number of peoples. This is really very important because nothing can be done if the people do not come to know about your properties. I must say that you should really make sure that most of the people do come to know about your properties and have a clear cut idea about your house. It will be only when your house will attract them that they will show the interest in your house.
I do feel that attracting prospects sometimes do work better than generating leads but I must also say that both of them are equally good method of luring potential buyers.
Wednesday, February 4, 2009
The Essential Basics for Buying Property in Greece
Greece is known for its white wash villages, bright sun shine and endless sandy beaches. You should also add to this list that Greece is really safe for buying a property. You will definitely find the Greece to be increasing in popularity and the foreign investors are also finding it really good to invest here in Greece.
But you will have to keep few things in mind which are as follows:
1.Purchasing cost in Greece
While buying the property in Greece you will have to look at some point. You will have to save 15 percent of the purchasing price for the fees and taxes. There is also a property transfer taxes of 7 to 11 percent. The lawyer fee is about 1-2 % and not to forget land registry and notary which will require 1%. There is an also local municipal and community tax which is at 3%. The annual taxes apply for the properties which are above 200,000 Euros. The valuation of the property is done by the government which provides published value, announced for every type of properties.
2.AFM (Tax numbers)
All the buyers are required to carry a Greek tax roll numbers which are issued by the tax offices it is free and are issued on the spot. You will be required to show your id card and then only you will be issued the tax roll number. If you are a foreigner then you will have to show the passport or some other identification document. If you are a Greek and are permanently residing in some other country then also you can apply for this tax roll number. All you will have to do is to go to the office and collect the form.
3.Greek bank account
You will have to open a Greek bank account. You must also know that all the transactions are in euro. All you will have to do is to open a Greek account. There are many foreign exchange brokers who are really ready to transfer a huge amount of money in Greece for you. However the money can be transferred online as well.
4.The pink slip
This slip enables you to transfer the money abroad. If however the buyer cannot justify his spending then he will be accessed to pay the income tax.
5.Real estate agent
The real estate agent is really very important. They are paid their commission both by the buyer and the seller. The percentage is 5 to 6 % of the total cost.
If you really want to buy a property in Greece then you will have to keep all the above points in mind. They are really essentials.
But you will have to keep few things in mind which are as follows:
1.Purchasing cost in Greece
While buying the property in Greece you will have to look at some point. You will have to save 15 percent of the purchasing price for the fees and taxes. There is also a property transfer taxes of 7 to 11 percent. The lawyer fee is about 1-2 % and not to forget land registry and notary which will require 1%. There is an also local municipal and community tax which is at 3%. The annual taxes apply for the properties which are above 200,000 Euros. The valuation of the property is done by the government which provides published value, announced for every type of properties.
2.AFM (Tax numbers)
All the buyers are required to carry a Greek tax roll numbers which are issued by the tax offices it is free and are issued on the spot. You will be required to show your id card and then only you will be issued the tax roll number. If you are a foreigner then you will have to show the passport or some other identification document. If you are a Greek and are permanently residing in some other country then also you can apply for this tax roll number. All you will have to do is to go to the office and collect the form.
3.Greek bank account
You will have to open a Greek bank account. You must also know that all the transactions are in euro. All you will have to do is to open a Greek account. There are many foreign exchange brokers who are really ready to transfer a huge amount of money in Greece for you. However the money can be transferred online as well.
4.The pink slip
This slip enables you to transfer the money abroad. If however the buyer cannot justify his spending then he will be accessed to pay the income tax.
5.Real estate agent
The real estate agent is really very important. They are paid their commission both by the buyer and the seller. The percentage is 5 to 6 % of the total cost.
If you really want to buy a property in Greece then you will have to keep all the above points in mind. They are really essentials.
Monday, February 2, 2009
Timeshare - How to Choose One
Timeshare is those properties which are being shared by more than one owner. Generally the owners decide to buy the property together. The most common examples of time share are the resort. I do feel that you must have gone to some resort. It is very uncommon that the whole resort is owned by a single person. Generally the resort is being handled by more than one owner.
There are many reasons why the owners go for the timeshare. They are as follows:
1.The cost of the property might be very high and I do feel that it might be really impossible for the single owner to buy the whole property.
2.The second point is that timeshares are generally the second home and it is very hard to buy the second home for vacation purposes. I do feel that you will definitely find the timeshare to be better alternative for holiday home.
Generally the timeshare are the big houses with multiple bed room, living room, kitchen and bathrooms. The concept is simple. Each owner can spend their vacation and the next owner can spend the vacation too in the same timeshare. Actually the timeshare are so designed that they can manage three to four families at least.
The timeshares are generally in warm destinations which are famous for their natural beauty or for some reasons are hot favorite for spending vacation. You can take the example of the Florida. Florida is really very famous for its beaches. Cities like Miami, Sarasota really make the life much easier and happier for few months. That is why people love to spend their vacation in these regions and the owners join hand in hand to share the magic.
I do feel that it is really a very good tactic to buy the property together with somebody especially the vacation home. However there is one problem with the vacation home and that is how can we feel secure as fat as the security of the second home is concerned. This is really a very big question and I do feel that you also must be worried about your second home. But as far as the time shares are concerned I do feel that you will definitely not find any problem as far as the security is concerned. I really feel that since there is more than one owner you can share the security cost among of you. This can really be very economical and you will definitely find it cheap.
In other words I must say that timeshares generally comes out to be cheap for the owner. The two or three owners can distribute the burden among them.
There are many reasons why the owners go for the timeshare. They are as follows:
1.The cost of the property might be very high and I do feel that it might be really impossible for the single owner to buy the whole property.
2.The second point is that timeshares are generally the second home and it is very hard to buy the second home for vacation purposes. I do feel that you will definitely find the timeshare to be better alternative for holiday home.
Generally the timeshare are the big houses with multiple bed room, living room, kitchen and bathrooms. The concept is simple. Each owner can spend their vacation and the next owner can spend the vacation too in the same timeshare. Actually the timeshare are so designed that they can manage three to four families at least.
The timeshares are generally in warm destinations which are famous for their natural beauty or for some reasons are hot favorite for spending vacation. You can take the example of the Florida. Florida is really very famous for its beaches. Cities like Miami, Sarasota really make the life much easier and happier for few months. That is why people love to spend their vacation in these regions and the owners join hand in hand to share the magic.
I do feel that it is really a very good tactic to buy the property together with somebody especially the vacation home. However there is one problem with the vacation home and that is how can we feel secure as fat as the security of the second home is concerned. This is really a very big question and I do feel that you also must be worried about your second home. But as far as the time shares are concerned I do feel that you will definitely not find any problem as far as the security is concerned. I really feel that since there is more than one owner you can share the security cost among of you. This can really be very economical and you will definitely find it cheap.
In other words I must say that timeshares generally comes out to be cheap for the owner. The two or three owners can distribute the burden among them.
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