Saturday, August 30, 2008

You Should Insist On Meeting The Property Owner

Category: Finance, Real Estate.

Various kinds of properties can be rented out.



Then you have other rentals such as for storages and so on. You will need it for residential or official purposes. No matter what kind of rental you are looking at, you will need to do some research. You will have to cultivate a knowledge of the current property rates. Some of the property owners will be away and there will be caretakers who are looking after the needful. They will differ from area to area.


You will need to keep all the rates in mind at all times. Thus, you will have to do a great deal of looking around. In this way, you will know best and will not need to look to someone else for advice. This will be the most important factor, especially for residential purposes. The rentals will naturally differ with the types of properties that are available. Now, if you want to find a good property, you need to find an agent.


But there will also be the need to choose the right agent. There will be plenty of agents in the area. You will have to use the ones who do not hike up the prices according to their whims and fancies. Some real estate agents may not be very reasonable with what they charge. But look out for agents who charge reasonable amounts. They may try to con you into paying them more on the pretext of signing up good property for you.


Try and make use of only the more reputed ones. Stay away from such agents. You can get one through your friends as well as family members, as they will know trustworthy ones. You should not be too extravagant if you have some savings. Remember to also plan out your budget in great detail. You should try and ensure that you will be able to shell out only so much as rent every month.


I am sure you would not want to end up with a fake deal. You should insist on meeting the property owner. Reading every clause of the agreement will be important, when you are signing up any property for rent. Remember that finding the perfect place will also be rather time consuming. If you do not do so, you may be in trouble if you are not pleased with some of the terms during the duration of the lease. This is unless you know someone who can help you personally. The Internet offers you plenty of options.


These days, more and more people have taken to looking for property on the Internet. You will be able to get all the latest updates. So you need not look anywhere else either. You will have all the categories online. This will be ideal for people who do not have time to look around. After all, everybody is net- savvy these days.


Searching through the Internet will also be very easy. Moreover, you will have listings with pictures. Thus, you will be, in a way looking through a range of options from the comforts of your home.

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Homes Should Be In A Good Neighborhood - Finance and Real Estate Articles:

Now a days, people want to know how to go about buying a foreclosed home, as they are aware that these homes are usually sold at highly discounted prices.

Wednesday, August 27, 2008

Fairfax County Is Home To The CIA And Is Also One Of The Richest Counties In The US

Category: Finance, Real Estate.

Virginia is one of the most prosperous and economically stable states in the US. Fairfax County is located in Northern Virginia and currently has the highest median household income( $100, 318) of any county in the United States.



It was recently elected one of the top states to conduct business in by Forbes magazine, and has one of the highest PCI( per capita income) for any state in the US. Fairfax County is home to the CIA and is also one of the richest counties in the US. People from all over the US are relocating to cities in Fairfax County, and even independent cities like Alexandria are benefiting from the influx of people to Fairfax County. Fairfax s economy is centred on the central government and thousands of central government employees call Fairfax County home. There are plenty of employment opportunities in Fairfax County, and apart from various government organizations, there are currently 6 fortune 500 companies headquartered in Fairfax County( Inova Health System, Booz Allen Hamilton, Northrop Grumman, SAIC( Science Applications International Corporation) and Freddie Mac) . Fairfax County will spend nearly$ 2 billion on its education system in 2008 and Fairfax County currently spends nearly$ 13, 407 on each student every year.


Apart from employment opportunities, Fairfax County is also popular with students as it has a well developed education system and the George Mason University is located just outside Fairfax City. Interestingly, a majority of the companies headquartered in Fairfax County contribute to the education budget. Fairfax County is also home to the Thomas Jefferson High School for Science and Technology. Fairfax County has one of the lowest high school drop outs rates, and is well known for the high average SAT scores of its students. In terms of real estate, Fairfax County has one of the most developed and competitive real estate markets in the US. Fairfax County s high standard of living and multiple housing options have ensured that people from different income groups can afford homes in Fairfax County.


Housing options are vast and varied, and people have choices ranging from new age apartments to colonial homes. Independent cities like Alexandria which are located near Fairfax County actively encourage people to relocate to Alexandria, and there are numerous housing camps held each year which allow people with low and moderate income to buy homes in Alexandria. Fairfax County has a well developed transportation system and is served by road and 4 airports that are located close to Fairfax County. Growth in the number of government employees has fuelled the demand for rental homes in Fairfax County, and numerous homes and apartments are on lease to the government. Fairfax County s health care system provides more than adequate health care to residents of Fairfax County. Since Virginia Law prohibit the creation of any new municipalities within any county with a population density of over 1, 000 per square mile, there are numerous unincorporated municipalities and communities within Fairfax County.


Major localities in Fairfax County include Annandale, Bailey s Crossroads, Burke and McLean, Fort Belvoir. Alexandria is popular with realtors and home owners alike, although it is an independent city, many Fairfax County real estate agents deal in Alexandria properties. Alexandria has the distinction of being one of the few cities to offer home improvement loans that are specifically designed for physically challenged individuals. Alexandria is one of the few cities in the US to offer state of the art housing loans and the Alexandria city council actively holds seminars and camps to help people from middle and lower income groups buy homes in Alexandria. In essence, Alexandria is popular with home owners because it encourages and facilitates relocation. For a comprehensive listing of Fairfax County properties visit www. fairfaxcountyhomesonline. com Alexandria also offers a wide variety of housing options, apartments and homes, and condos are available in a variety of architectural styles.

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Foreclosure Listing Services Provide Information Various Ways - Finance and Real Estate Articles:

Without knowing foreclosing listings, one cannot understand what it is. Looking at foreclosure listings for a repossessed property will make the search simple.

Are You Planning To Live In Mexico For A Long Time - Imogene Wilde about Finance and Real Estate:

There are numerous reasons why you should seriously consider buying Mexico Real Estate, but it will ultimately boil down to both personal choice and circumstances. One thing is for sure, before buying, however, you need to delve deep in to your reasons for looking at Mexico real estate.

The Main Attribute Of The Riviera Maya Mexico Is The Diversity It Offers To Visitors - Finance and Real Estate Blog:

The Riviera Maya Real Estate Mexico is comprised of untouched and isolated beachfronts that offer the quintessential tropical vacation experience, complete with turquoise waters and coral reefs. Geographically, Riviera Maya extends from 20 min south from Cancun and extends till Costa Maya.

Tuesday, August 26, 2008

I Couldn T Find A Thing Wrong With Their Houston New Home

Category: Finance, Real Estate.

Moving, with all the glory and headaches it comes with, can either be one constant nightmare or one beautiful experience from start to finish. However, Johanna and Mark were a little more fortunate.



I, personally, always tend to have those constant nightmare moving experiences and have learned the old, "prepare for the worst but expect the best" applies to my moving experiences as well. They moved into one of Houston s new homes after they purchased it sight unseen. I thought they had lost their minds, who does that, after all? That s right, sight unseen. How do you know that you re not moving into a home with a leaky roof or a missing bathtub? They purchased one of Houston s new luxury homes and they were assured that everything would be as specified in their closing. They said to relax.


What? They left Pennsylvania with high hopes, two dogs, two moving vans, and three children. Like a luxury home can t be missing a bathtub? In my opinion, this was simply begging for a disaster to happen along the way, and also when, through each state they got there. I once hired a babysitter to accompany me across the country so I could have her services for the entire move. I ve always planned out the move from start to finish and hired dog sitters, and any other, babysitters sitter I might need in the state I m leaving as well as the state I m entering.


Johanna and Mark left for their Houston new home with just themselves and their well established pack. They moved into one of Houston s new home communities, and of course the bathtub was where it belonged. I gave them one of those pathetic, "I hope you ll be alright but I know you won t be" looks as they drove away. In fact, both of them were. And I mean perfect. From there, they had purchased, their home with nothing more than a few reports and some photographs, was perfect.


It was like they had closed their eyes, envisioned what they wanted their new home to look like, and like a magic genie in a bottle wish, it was waiting for them when they got to Texas. Yes I was a little jealous, but I figured they were embellishing just a little bit. Their movers, who had broken my grandfather clock when I used the same company, got every ounce of crystal and glass down there without a single scratch, and their kids were off making friends the very first day. I know that Houston new homes have quite the reputation, but nothing in this world actually comes together perfectly, right? The high ceilings, the absolutely perfect flooring, the two gas fireplaces, and of course the two bathtubs powered with Jacuzzi jets, were all crafted to absolute perfection. When I went down for my first visit six months later, my mouth dropped to the floor when I walked into their new Houston home. I couldn t find a thing wrong with their Houston new home.


I wandered through their new home pointing to various features complimenting them on their improvement. "It came like that, " was repeated into my ear over and over. They had to have added more than just their furniture. Sure it did. On top of all that, it came with Houston s top school district, where their children were becoming academically competitive. It came with the perfectly glazed art glass windows in the doorway and it came with the phenomenal marble and glass counter tops and it came with the two perfectly over sized whirlpool bathtubs. If Houston new homes are really this amazing, I think I may have purchased the wrong homes in the past.


It was all but sold and there was not question in my mind why. As if to prove their point to me, I took a tour of another one of Houston s new homes down the block from them. It really was as perfect as it was described on the internet. Well, in some of the Houston neighborhoods, it happens every day. How often does that happen? There is no need for false advertising or high pressure tactics with these communities. After all, Houston new homes have not been handed their reputation because someone felt like they needed a boost in the public s eye.


One in- person look and there are few who won t be sold immediately. Of course not. Their reputation for excellence was definitely earned.

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Dive Tours Are Plentiful And Easily Booked In Many Areas In Playa Del Carmen - Finance and Real Estate Articles:

Playa del Carmen, located in the state of Quintana Roo on the beautiful Caribbean Coast in the heart of the Mayan Riviera, has experienced a huge population growth in recent years. With its beautiful white Caribbean beaches, clear warm turquoise Caribbean waters, gentle waves and stunning coral reefs.

Regardless, The Cancun MLS Online Should Help You Find The Finest Real Estate Available Within Your Budget - Tiffany Kensey about Finance and Real Estate:

When searching for Cancun MLS online, you should look for the best features that an MLS site has to offer- convenience, options, organization, filters and information.

Three Days. Later Another Headline Said" House Prices Slip In February" - Finance and Real Estate Articles:

Ernst& Young faired no better.

Monday, August 25, 2008

Home Related Actions: A

Category: Finance, Real Estate.

Unfortunately, hundreds of thousands if not millions of homeowners are realizing this fact in today s depressed housing market. The worst scenarios for home owners are those situations where there is a looming ARM adjustment in a year to three years where the homeowner had planned to refi or sell before mortgage interest rates adjust higher.



It is mostly a result of either a" no money down" home purchase or tapping that ever- growing equity with some form of 100% home financing. Have you ever noticed Adjustable Rate Mortgages NEVER go down? For some that have a fixed rate, it s just a matter of waiting until home values go up. It s SO painful! In many, if not most homes this has historically been the case. The exceptions to this waiting strategy occur in very localized areas where the economy has gone down the toilet giving homeowners a double whammy.


If you stay in one house long enough the value will eventually go back up. So what s a homeowner to do? We will cover them in two parts. Actually there are a number of things that can be done. Part 1 is related to financing and Part 2 is related to the home itself. If you acquired a sub- prime mortgage due to credit issues, begin a full court press on raising your credit scores. Financing related actions: a.


This is too broad a subject to cover here but you must start TODAY! If you had to get a stated income sub- prime or" Alt A" mortgage due to income that is difficult to document, you need to talk with your CPA or accountant. Go to our website in the upper part of the page above my toll free number and click on the link for guaranteed help. b. If you are using aggressive tax tactics to shelter some earned income you may need to need reconsider, especially if the benefit was a one- time tax reduction. You could even file an amended return for the prior year or two. Remember, you are paying a higher interest rate for as much as 40 years. Work with both your accountant and mortgage professional to analyze the situation.


Another thing you could do is to sell a car to get rid of a car payment. Your goal is to have enough documentable income to qualify for a conforming mortgage, which will have a lower interest rate throughout the life of the loan. c. If you have to replace it, buy a much cheaper car or let a non- borrowing spouse finance it so it doesn t hit your DTI. Get an accurate appraisal even if you must have a new one done. Home related actions: a. Pay close attention to negative adjustments between your home and the comparables. Yes you may have to put more money in your home to significantly increase the value but you will do it on the absolute cheap( cheap price not cheap quality) .


It should give you a starting point on what modifications you can make. Don t hesitate to pick up the phone and ask your appraiser what should be done. The most important single item most homeowners overlook is STREET APPEAL! A good example would be to finish a basement or eliminate some condition items noted by the appraiser. b. At resale, it s everything. Much of the work must and should be done by the homeowner.


Cute houses resell better and faster in ALL markets. c. If you use contractors, only use them for critical building code items like electrical, structural and some plumbing, otherwise you could make your situation worse. d. It s hard to get your money from$ 10, 000 dollars worth of granite countertops in many locations much less make money. e. Consult a realtor about what buyers want and don t over improve for your neighborhood. If you must sell or want to sell, clean and depersonalize your structure. There you have it. Nothing on the floor and empty looking closets, personal photos gone to storage, no wild colored paint or special paint treatment( There IS a reason relocation companies favor ivory. ), and no broken ANYTHING!


So stop being depressed and start taking action. Good Luck! A planned set of actions is the best cure for many anxieties.

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This Makes Buying Or Moving Into A Valrico Home Is A Good Choice - Finance and Real Estate Articles:

Located north of Tampa, Valrico is an unincorporated community within the Hillsborough County, featuring the typical, Florida adavantages and disadvantages of a small town. If you want to relocate to Tampa Bay Area, or from Tampa, Florida to a smaller town, one of the options to be considered is Valrico.

Why Buy Property Or Real Estate In The Limousin I Ask- And The Answers Are There Many - Finance and Real Estate Articles:

Why buy property or real estate in the Limousin I ask- and the answers are there many.

Many Individuals Choose To Rent Out Their Property In Cyprus Instead Of Selling - Finance and Real Estate Articles:

While Cyprus is a very popular location the value of the property there seems to fluctuate quite often. When the prices dip pounce on them because you may not get such a good deal in the future.

Friday, August 22, 2008

It Is A Way To Get The Best Of All Worlds And Is Fast Becoming Popular Particularly Over The Last Few Years Because Of The Facilities That Accompany Them

Category: Finance, Real Estate.

Many buyers agree that one of the attractions of buying a home in a master- planned estate is the chance to live in a resort- like atmosphere, free of maintenance and restriction. There has been a mixture of young families, older families and quite a few retirees buying their post- children dream home.



Instead of mowing the lawn, attending to the weeds, you can spend, and painting eaves your weekends by the pool. If you are looking for just the perfect master- plan property then it is convenient when sites such as OzfreeOnline has first hand knowledge of the types of plans being built or available for viewing presently. You have the privacy and space of a house, with the lifestyle and ready community of apartment complexes. OzFreeOnline. com has many updated and new real estate listings in their category for Apartments/ Flats/ Units in their thousands of online listings. It is a way to get the best of all worlds and is fast becoming popular particularly over the last few years because of the facilities that accompany them. It can be a five- star existence for most.


It s becoming a trend around Australia, where many people are preferring more of a community, rather than just the straight forward housing development we were used to in the 80 s and 90 s. Additionally, with a master- planned community the future infrastructure requirements of the residents can encompass many facilities, instead of a suburb evolving ad hoc. In fact, it is the biggest backyard that anyone can have. For example, many of these master- plan developments have an opulent country club feel, spa, with lap pool, putting green, and function rooms. With a master- planned community, developers have the ability to control the destiny and timing of services in line with the needs of the growing population. It s about the delivery of what is needed by new urban communities, in terms of education facilities, entertainment facilities and, retail facilities comfortable living, which includes tennis courts, cycle tracks and a retail centre complete with medical facilities.

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Andorra Property - Finance and Real Estate Articles:

Apartments and chalet prices in Andorra, second only to Monaco in popularity among Europe s tax havens, have risen consistently over the last decade by an average of ten per cent a year, and in the last two years by over fifteen per cent. A lot of tourists, some of whom end up buying a property in Andorra, delayed their visit or went elsewhere. Andorra has unusually high demand for property as there are three streams of buyers: An active local market, international buyers looking for residency in a tax haven that offers residents a zero rated tax rate, and second home buyers looking for a ski property in the Pyrenees.

It Is Sounds A Real Daunting Task, But Houston Foreclosure Homes Can Help You Out - Lesley Drager's Finance and Real Estate blog:

Buying a home in Houston could be a confusing process especially if it is your first Houston home. It is sounds a real daunting task, but Houston foreclosure homes can help you out.

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

Buying a house is quite a tough job.

Wednesday, August 20, 2008

Since Property In Costa Rica Is In High Demand A Good Deal Won T Last Long

Category: Finance, Real Estate.

Have you thought about making the giant leap and purchasing beach front property as a second home or an investment?



How do you invest in Costa Rica beach front properties? During the past 5 years real estate has been increasing at a remarkable 18- 30% per year. Read on, and I ll share my thoughts on the guidelines to buying beach front property anywhere else in Costa Rica. There are only two ways to go about buying beach front property in Costa Rica? Here s one current example of one the best deals for beach front property that is 38( plus acres) that could be developed as urbanization or your own personal estate. The wrong way, and my way. Here s my thoughts: - Make sure the area your looking at is a place you would like to vacation at.


Based on my experience of living here in Costa Rica for the last 15 years. If you plan on making a large purchase then spend a few days in the area to see if it is the right place for you. You don t want to in your" tropical dream paradise" regretting that you ve done it. - Find a competent lawyer to represent your investment. You will get a more in depth idea if you spend more time there. Do not use the lawyer who is associated with the buyer. It s important to find one that has considerable knowledge of maritime zone law. - Costa Rican maritime law is different in every Central American country and you need to know all of the details before purchasing beach front property in Costa Rica. Always find your own lawyer to manage your purchase.


In Costa Rica, the maritime zone is 200 meters from the average median high- low tide all year long. The 150 meters stretch can not have an" original title" , but can be leased by a concession by the local municipality. - Once your sure of purchasing your property act quickly( but prudently) . The first 50m is public property and the 150 meters from that line is restricted. Since property in Costa Rica is in high demand a good deal won t last long. Once your sure, act. Land prices are on the rise, and not showing signs of slowing down any time soon. The current owner may have second thoughts and want to renegotiate or may not want to sell. - Negotiate directly with the owner.


If an agent says you can t speak with the owner then do not waste your time or money. - Get a topographer to do a recent survey the land. There are many middle men that light be charging you too much. The owner will have a" plano catestrado" , but you will need to make your own survey to verify the location and size of your property. The best of luck in your search for your beach front property in Costa Rica! You want to make sure your getting what you paid for.

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She Asked My Grandfather To Dig The Rock Out And He Always Promised He Would - Josephine Holdsworth about Finance and Real Estate:

The first thing to learn is the difference between" investing" and" speculating" .

Buying And Selling Property - Elva Aro about Finance and Real Estate:

Buying and Selling Property.

Owners Are Able To Sell Or Rent Out The Property If They So Desire - Finance and Real Estate Articles:

Dubai has become an international property hotspot, with great architectural developments and ambitious projects rising up seemingly overnight.

Monday, August 18, 2008

He Becomes The Buyer Named In The Contract- And You Drop Out Of The Picture

Category: Finance, Real Estate.

Wouldn t it be nice if you could become a wealthy real estate investor just by filling out some paperwork?



One of my favorite ways to make money in real estate is to get a property under contract and then find another buyer before the closing date in the contract. Well, you can! In order to do this you have to be able to fill out a real estate purchase contract( i. e. , the paperwork) correctly. Have a real estate attorney review your contract before you get the seller s signature. You won t need a large down payment or good credit to make this work, but you do need to be a stickler for details when you make your offers( i. e. , fill out your real estate contract) . Now that there are a lot of foreclosures on the market, I often get calls from families about to lose their home. In a situation like this, I get the house under contract and then assign it( that is, sign it over) to another investor who is going to do buy the property, do the rehab and put the house back on the market.


They want to sell quickly, but their house needs repairs. Let me show you how it works. Their kids are in the backyard playing with the dog. Imagine you re sitting at a kitchen table in the home of a couple you ve just met. They offer you a glass of iced tea while you look through their mortgage documents and verify the amount they owe on their house. "How soon will you be able to move? " you ask them. They look at the piles of stuff in the living room- everything from stacks of unopened mail, to half a, to dirty laundry dozen used pizza boxes.


The man and woman look at each other. No one has cleaned in months. Don t even get me started about the bathrooms. The odor of sweaty shoes stings your nose and the carpet is fuzzy and gray from dust balls. For anyone who works with people facing foreclosure, this is a common scene. Something happened here.


I see it all the time. One of them had a medical emergency and they didn t have insurance. Or he bought a boat and then had to buy a truck to haul it to the lake. Or she lost her job. They got behind financially and before they knew what happened they couldn t make the mortgage payments. But it never happened. For a couple or three months they really thought they d get caught up.


So they gave up. The sheriff s sale date is just a couple of weeks away. Now we re sitting at their kitchen table. I m here to buy their house, save their credit and help them get on with their lives. They agree. But before we sign a contract, I explain that I need to show their house to the appraiser, the termite inspector and to a couple of different rehabbers to get bids on the work.


I also ask them to sign an assignment document which simply states that they acknowledge that another person may step into my shoes and buy the property. As I leave, I put a For Sale By Owner sign in their front yard with my phone number on it. They agree to that, and sign the, too document. Within the hour I get phone calls from other real estate investors who know the house is on the sheriff s sale list. The following day I show the house- in its deplorable condition- to a couple of investors who specialize in rehabbing property and putting it back on the market. They want to view the property and make an offer.


The nice thing about working with other investors and rehabbers is that you don t have to clean house first. You don t have to mow the lawn. You don t have to bake cookies for an open house. You don t even have to clean the bathrooms. They re looking for structural problems. See, investors and rehabbers aren t looking for a house to live in.


They re calculating the cost of paint and carpet. No problem. Water heater doesn t work? The only" bad" thing about dealing with other investors who want in on your deal is that some of them overstate( make that" lie about" ) their ability to close quickly. You sign over your rights in the contract to the other investor in the assignment contract. The guy who can guarantee he can close the deal before the date of the sheriff s sale is your guy. He becomes the buyer named in the contract- and you drop out of the picture.


Everything is negotiable, including your fee and when you get paid. Your assignment fee may be$ 1, 000- $3, 000, depending on what it s worth to the other guy. If you ve never assigned a contract to a particular investor before, be sure to get your assignment fee( cashier s check or money order) upfront when you assign the contract. It s up to you. However, if you ve had a good experience working with a certain investor before, you may agree to wait to collect your fee until the closing date. Now that you know how simple it is to" buy" real estate with no cash and" sell" it before you own it, or good credit, not having money, or access to financing can never keep you out of the real estate investing game again.


You can become a wealthy real estate investor just by filling out paperwork.

Tuesday, August 12, 2008

For This You Will Have To Provide Details Of Your Financial Status As Well As The Property You Are Buying

Category: Finance, Real Estate.

If you are planning on buying a vacation home in Cyprus it is always best to hire an agent and give him a detailed description of what it is you are looking for.



Your agent will help you negotiate the purchase price and terms with the seller or you can hire a lawyer to intercede on your behalf and ensure that all the paper work is in order. After you' ve checked out the various properties that your agent has short- listed, the first step is for you to make a verbal offer on the properties that you like best. The lawyer you hire will represent only you and look after your interests solely. Your chosen lawyer will closely scrutinize all the paper work involved and will give you a legal document guaranteeing that everything is in order. He is independent of the seller or the agent and has nothing to do with either of them. Upon a verbal agreement between you and the seller of the property, you will be required to make a reservation deposit. Keep in mind that reservation deposits are non- refundable, so you need to be sure about your decision before putting down any money.


After the payment of this reservation deposit, a written contract is drawn up and the property is taken off the market and is reserved for you at the agreed upon price. In order to safeguard the purchaser's rights it is necessary to get the contract stamped and deposited at the Land Registry before the end of one month. In order to get the property purchase approved all foreign investors are required to furnish proof of foreign currency, which should be transferred from an external account to a North Cyprus bank account. The fee for getting this done is 50 per 1000 of the value of the contract. Banks will charge you a commission for receiving funds from an overseas account. If you are bringing in cash by hand make sure you make a declaration at the airport when entering the country. This commission varies with different banks and could be up to 5% of the amount being transferred.


Only after the money is imported will you be able to get approval from the Central Bank. However, before you can even get the Transfer of ownership certificate or the Title Deed you will need to apply for and get permission from the Council of Ministers for owning property in Cyprus. You will need to furnish this approval to the Land Registry in order to get the Title Deed of the property registered in your name. For this you will have to provide details of your financial status as well as the property you are buying. Apply for this permission well in advance as this process could take about six months to complete.

Monday, August 11, 2008

When You Get A Real Estate Agent Involved, He Or She Will Often End Up Taking A Hefty Cut

If you are looking to sell your home, you will find that there are many options open to you.



Before you take this step there are many things consider. One option that will be quite tempting to you is the option to sell it yourself rather going through a real estate agent. There are advantages and disadvantages to it, and there are options that you may not have considered. When you get a real estate agent involved, he or she will often end up taking a hefty cut. One of the largest advantages of selling your own home is that you will receive all of the profits. The commission that a real estate agent will earn from the sale of your house can be quite a lot of money. It is important, however to keep in mind that that 12, 000 dollars will buy you not only the real estate agents time, but also her resources.


For example, 6% is an extremely common commission that a real estate agent might take, and for a house that sells for 200, you will find, 000 dollars that the agent receives 12, 00Ask yourself if it is possible that you would spend 12, 000 dollars in time and resources when you go to sell your house yourself. Your real estate agent will be able to offer you her skills and her expertise as well as whatever contacts she has to make sure your house sells. Another factor to think about is speed. If your house is a tricky property( in a bad area, has a bad reputation, etc. ) this is something to consider. If you need to sell your house quickly, getting a real estate agent involved can make things a little more complicated. Of course, the real estate agent isn' t the one pay for some of the things that he is pushing, like investing a lot of money towards repairs.


A real estate wants to get you the most money for your house because then his commission will go up. Repairs take time and money and depending on why you are selling your house, you might not have a lot of either. This leaves you in the position of waiting for someone who will want to buy the house as it is, accepting a counteroffer that is designed to knock down your own price, or spending time bargaining with prospective buyers. In addition, due to their training, there is a good chance that your real estate agent will overprice your house, and this is a trick that is known to many home buyers. Experience is another thing to consider if you are trying to decide how to sell your house. You know many of the selling points and many of the weaknesses, and you will be able to explain them in detail to prospective buyers. While a real estate agent ha a lot of experience selling houses, no one knows your house as well as you do!


On the other hand, a real estate agent has experience on how to present them, unless you have, something that had training in presentation and speaking, you might not be able to do as effectively. A real estate investor is a buyer who is looking at your home in a different way than most. Something that you should keep in mind, is that when, however you are looking to sell your house, you may be able to bypass all of this! He will be interested your property as an investment rather than a home to live in, and this can work to your advantage. You will not need to pay a commission as you don' t need a realtor to make contact with a real estate investor, and you will be able to sell your property quickly and with only two people involved. Instead of needing to make extensive repairs, there is a good chance that you will be able to sell your property as is. You will also find that a real estate investor will be able to make an offer very quickly.


There are many things you will be thinking about when you need to sell your home and many decisions that you will need to make. Rather than waiting on a family that needs to consider many factors before moving in, you will be able to have an offer often within a week. Think about what your situation is and remember that there are many options available to you!