Many home buyers and real estate investors have been prompted by steadily increasing interest rates to be more aggressive in their hunt for bargain homes. Competition for the best-priced and most attractive homes has only increased in most real estate markets and because of that intensity, foreclosures are drawing more and more interest from prospective home buyers and investors.
While foreclosures certainly offer some financial benefits, there are also risks involved, as you might expect. Not every foreclosure is the same and while the interest in them is growing, you need to be aware of what to look for when evaluating whether or not a foreclosure opportunist is right for you. Here are some things to look for.
Pre-foreclosure properties can offer an attractive investment or home purchase opportunity to those willing to work for it. There exists a period of time in between when a home owner is notified that their loan is in default and when the bank actually seizes the home to put it on the market to recoup expenses. During that period of time, it is possible to purchase the home and satisfy financing requirements on it.
There are two negatives at play when going the pre-foreclosure rate and both discourage a majority of the potential investors that contemplate the pre-foreclosure route. One is the extremely brief period of time available to complete a deal. The period of time is regulated by individual states and usually consists of a couple months.
The other discouraging aspect is the necessity to deal with a home owner that is probably embarrassed by the foreclosure and may not even be aware that such information is made public. Knocking on a door or picking up a phone to contact someone that may not even be aware of pre-foreclosure purchases can be a difficult thing to do.
The Risky World Of Auctions
The best advice for those pondering auctions as a way to get in on foreclosed property is to simple not get involved at all. The risks are immense when dealing with a bank-run auction as you will most likely not have seen the house, have no way to protect yourself against title problems should they exist and must pay in cash.
That collection of traits discourages most investors and rightfully so. There is simply too much uncertainty when dealing with auctions to know for sure that the low sticker price is necessarily worth the hassle of going through title clean up issues and scraping together the cash for a purchase.
As the final step on a bank’s path of foreclosure, the home is put up for sale on the real estate market, though often for at least close to its market value. Because a home has traveled through a variety of steps and banks are in no hurry to lose money on any loan, savings are often slim on foreclosed properties that make it to this step.
However, there are certainly positives. Most likely there will be at least some kind of discount off of the market price of a property, albeit slim and deals are much easier to put together. Real estate transactions more closely follow the format of common real estate transactions and offer similar protections.
So, as you go through the process of deciding to get involved with foreclosed property, make an effort to decide which step of the process you want to target. There are opportunities all along the path of foreclosed properties, but each step has its own pros and cons that must be weighed against potential benefits. Having a clear plan will save you headaches later as you complete the purchase.
As in many aspects of life, the key to real estate investing can be location, location, location. While real estate is perhaps more complicated than hoping for foot traffic at a restaurant with a prime location, location does certainly play a part in the possible viability of a rental property. There are a few things you can look for in the area of your possible real estate investment that can tell you some important things about the possible long-term health of your potential investment.
Check For Growth
Is the area you’re looking at experiencing strong population and job growth? These are two important economic indicators that can help you decide whether a particular area is ripe for real estate investment opportunities. Local government web sites and federal reports are readily available with population and job growth information.
While the benefits of an increased local population are obvious, job growth that exceeds that population growth level can indicate a prospering community with money to spend. Areas that prosper are potential candidates for increased rent payments over time, one sure way to put you on the road to profitability with your real estate investment.
With job growth comes quality of life and as qualify of life improves in the area of your investment, so too grows the level of rent you can charge. It is a tried and true fact that people will pay more to live in an area they enjoy, so the prospect of an area growing more and more attractive will directly influence the financial state of your potential real estate investment.
The Real Estate Market
What is the construction atmosphere of the area like? Areas that are seeing a boom in new home construction often experience those booms because of favorable job growth, income growth and other factors. However, for an area where building permits are outpacing new population, that could be an early indicator of an over supply of real estate that could lead to depressed prices for rent payments.
The best case scenario is an area where few homes are for sale, pumping up demand, and where new home construction is strong but not out of control. That can be a fine line, but because any investment takes a great amount of homework and research, it is something that should be investigated over the course of your decision-making process on a new investment.
The Land Crunch
Just as a low supply of homes on the market can produce an upwards trend for housing prices and, subsequently, the level of rent you can charge, so too can a low level of land available to build on. In an area where population is growing and jobs are strong, all of these new people have to go somewhere.
Whenever more people want to move into an area than there are homes for those people to live in, you will see an upward slope for home prices and viable rent payments. If there is little land left to build on, those buildings that are already built will be able to charge more for their rent payments, putting your investment further towards profitability and the long-term benefit of owning property in an attractive part of town.
All of this initial information will not guarantee a profit on a rental property, but these are crucial steps to take when evaluating whether you want to put your hard-earned money into a real estate property that is sure to experience the ups and downs of the local economy. Especially for properties outside of your own home area, knowing the state of both the growth of the population and the home construction industry will help you more accurately predict the future viability of your investment.
Home prices are rising across the nation to levels not seen since before the housing crisis and yet, it’s still cheaper to buy than rent, according to a new study by online real estate listing service Trulia.
Buying a home is 37.7% cheaper than renting on a national basis for those who move every seven years and place 20% down. This is even more affordable than last year’s 37.2%.
Buying is becoming more affordable than renting even while the median home prices continues to rise. The median existing home price increased 5.6% annually for all housing types in September to $234,200, according to the National Association of Realtors.
Buying is actually cheaper than renting in all 100 of the largest metropolitan areas in the U.S.
How much cheaper ranges from 20% in Honolulu and San Francisco to 50% in Miami and Ft. Lauderdale, Florida.
While the Fed may raise interest rates this year, rising home prices actually pose a larger threat to affordability. In order to wipe out the financial advantage of buying, mortgage rates would need to more than double, according to the report. On the other hand, prices would need to increase 67%.
In areas like San Jose, California, prices would only need to increase 24%, and rates would have to increase by 45% for buying to cost the same as renting.
Mortgage rates increased this week to pre-Brexit levels, however they still remain historically low.
Some members of the Federal Open Market Committee expressed concern over the prolonged low interest rates, and pointed towards a possible rate hike in December.
This chart shows how much interest rates would need to increase for renting to become more affordable:
How to Sell a Home Fast Despite Its Condition So many people are not able to sell their properties even after their serious efforts. Moreover, the receding markets make such situation worse. But, despite such difficulties, you should not worry since it is still possible for you to sell the home fast and in any condition as well. You just have to make sure that you find the right method that you should go for so that you can get the money which you need for the property which you are selling. You must know that selling the house quickly is actually the biggest worry for you if you are facing an urgent financial crisis or if you would like to transfer to a new location. The simplest and the easiest method is that you must call the cash house buyer company. What you can benefit from this is that you can sell the house fast and not disturb the family. These companies make sure that your purchase your house regardless of the current condition or the company’s location. Such companies can actually purchase your house even in a week. The cash house buyer company would help you overcome your urgent financial crisis in a more secure manner. Getting that cash home sell method is an excellent decision so that you can get financial security in the unpredictable property market, especially when you don’t have the cash to waste or the time to spend in searching for house buyers. You must consider the advantage of going for the house buyer company to pay for the mortgage arrears in just a few days.
What I Can Teach You About Properties
The property specialist companies guarantee the simplest, the easiest and the most reliable method to sell the home quickly in any type of market. When you see the sales records of the home sales, you will see that so many of the real estate agent sales fail. Even if house sales fail because of various reasons, the topmost is the house chain-breaking. It has also been found out that only a small percentage of the house sellers trust the real estate agents due to the lack of transparency in their dealings.
The Essential Laws of Homes Explained
For this reason, various home sellers who want to sell the home fast would go from the traditional methods of selling the property. Such is a more secure method for the cash house sell. You should be address any doubt and deal with the middlemen. Such companies are run by the experienced professionals and are definitely eager to purchase your property. If you are desperate when it comes to selling your house quickly but you have yet to find a buyer, then you should go for the cash home buyer company as this can be the solution that you need.
Some Useful Tips Regarding Properties for Rent When it comes to properties for rent, there are surely a lot of things that you need to know about the topic. Majority of people assume that money is easily earned when they engage in the business of renting properties. The truth is it is actually a very hard thing to do. It is also crucial to remember that if the person involved in such business is not well aware of the dos and donts, then they could be losing more of their money. There is one important detail you should always remember whether you are looking for properties for rent or have properties for rent. You have to remember that tenants care more about how much your rent costs compared with the overall quality of your property. Such a case typically happens to those who are desperately looking for a place to stay in. Now, this is not the case for companies looking for offices because surely they are equipped with the right amount of budget to pay the cost of your properties for rent. There even comes a point where they give you more because they want to achieve a certain look.
Learning The Secrets About Services
If you have plans of getting into the property rental business, you must make sure to maintain the aesthetic appeal of your property. Of course, this just sounds simple right. Nevertheless, there are still both new and old people in the business that tend to neglect and forget such an important factor in their venture. To attract more potential tenants, it is always important that you maintain a certain aesthetic appeal to your property. In doing so, you get to attract more tenants to rent your property and this is turn leads to more profit returns on your part.
On Properties: My Thoughts Explained
Before inviting in potential tenants, it is important that you improve the look of your property by either putting in some new carpets or repainting your entire property. In addition to your properties being at the right location and being functional, you should also give it a decent touch. Location is another vital factor that must be considered by you if you have several properties that are for rent and want to make sure that they get rented. You cannot just expect to get a whole lot of money for some property of yours that is located in a not so reasonable place. Location is actually one of the reasons why there are different prices for properties. When you are in a big city, as you go near the downtown area, you will find that the properties there are more expensive while as you go farther away from the city center, properties become cheaper. The reason being that the downtown area is close to almost everything the city has to offer. The location is just the best because all of your tenants are placed at a more convenient position. Your tenants and profit earnings will never run out if you have properties for sale that are located within the heart of the city.
Stuart Drossner Real Estate Investment 101: Important Things to Consider When Buying Investment Property
As you have probably noticed, the housing market in the United States has been hindered by too few houses being chased by too many buyers, thus the choices for potential buyers are limited, and it also increase the prices, resulting in bidding battles in hotter markets. This kind of information is valuable to every real estate investor because it greatly affects your decision making when it comes to buying an investment property. Properties needing significant repair and renovation but are located in hot locations are wise investment. It doesn’t matter regardless you want to buy a house to sell it in the future for higher profits, or a multi-unit complex for rentals, these are valid and acceptable reasons why you shouldn’t be hesitant to invest in a real estate property. There are important things you must consider before purchasing a real estate investment.
Mortgage insurance is not available for real estate investment properties, so you must be prepared for a huge down payment, and it is usually twenty percent to get traditional financing. As a real estate investor, you have to prepare enough money to handle unexpected repairs, including the challenges of opting to landlord services before the rent checks begin rolling in. It is important to choose the location of the property, to study the feasibility of success, and remember that your profit may differ because tenants comes and go, and it may take some time renting out a vacated unit, most especially if it requires major repairs or renovation. You have a responsibility to pay utility bills, mortgage, insurance and property taxes, unless otherwise indicated in the lease contract, previous you must set aside a portion of your profit for these important matters. The amount of property taxes depends on the type of property and how long it has been kept, so it’s important to consider property taxes when investing in a real estate property, because you may discover a huge increase in property taxes if previously, a homestead exemption has been applied. If you are a newbie in real estate investments, beware of the risks of investing in real estate properties that require large-scale improvements, unless if you know a company who can provide quality work at bargain prices, because otherwise, you’ll end up spending too much on costly repairs. The the best option for you is to look for real estate properties requiring modest repairs that are priced at below-market rates.
It is best to start small most especially if it’s your first time investing in real estate, so you can start buying a single apartment, duplex or condo, to help you learn the process of investing in real estate, and then decide if you are willing to handle a larger scale if you are able to handle small ones smoothly. If you cannot afford to purchase a property on your own, you may consider enlisting co-investors, but you have to make sure you’re comfortable doing business, with a clear agreement in managing your investment.
More information: https://www.yelp.com/
What Can You Benefit When You Hire a Real Estate Agent?
If you are thinking of purchasing a piece of real estate, you might certainly be very excited about it, knowing of all the benefits that you can gain through it. For instance, when one buys real estate, he or she can gain an investment which is known to be very lucrative and promising in the modern world of today, the world in which property is valued very highly. One who buys real estate can also benefit by being able to put down roots and to gain security in a world which is changing each day. The good news is that those who wish to purchase a piece of real estate can do so with the expert help of a skillful and reputable real estate agent.
The first thing that people can enjoy when they hire the services of a skillful real estate agent is the benefit of knowing that this professional is well educated and experienced. If you have never before purchased real estate, you might find yourself confused when you try to do so without aid, as this task is something which can indeed be quite complicated, especially for those who do not have any experience with doing it. The great news is that real estate agents can do the work with so much ease, giving people the benefit of relaxing and enjoying the whole process of finding the best piece of land to buy.
One who is able to find the best real estate agent will also be able to benefit because through accomplishing this, he or she can have a wonderful selection the best pieces of property on the market. One might know that a good real estate agent will have a wide knowledge of all of the homes, condos, apartments and vacant lands for sale, meaning that through this agent, he or she can get a very wide selection of choices. One who hires a good agent, then, can certainly find the piece of property or the home that he or she has always dreamed of owning.
One who is able to find a good real estate agent will also be able to benefit because when he or she does so, so much time can be saved. This is because real estate agents help their clients with all of the procedures, papers, and everything that must be done and prepared, giving these clients the chance to relax and enjoy the whole process.
Hiring the services of a skillful and reputable real estate agent, then, is certainly something that you should do, as it is something that will provide you with benefits and advantages which will surely prove to be wonderful and worthwhile to you in the long run.
Real Estate Investing and the Benefits of it
If you are into purchasing and investing in good properties, you have come to the right place. Before you do anything, you should always think about the positive side of why you are going to do something and the negative side as well. Some people find real estate investing a waste of time and there are other things that can get you money faster. If you are someone who wants to invest in real estate but you do not know what you can really get from it, you have come to the right place. Today, we are going to look at what you can get out of real estate investing.
Real estate investing can give you money every so often. Many people think that investing in a real estate property can not get them anything but these people are mistaken. Real estate investing and the renting it out can actually get you a lot of steady cash for your personal use. Having your property rented out is a really good idea and if you have your property rented out, you can receive extra money for it. It is always a wonderful thing to a steady flow of cash on a monthly basis because it is really secure. This is just one of the benefit that you will get from investing in a real estate property, we are now going to look at the other benefit.
When you invest in something, of course you want to be sure that you are investing in something that is really secure; you have this when you invest in real estate. Because land does not really have any risks of getting lost or damaged, your investment can be really secure and very save. If you invest in some other things, they may crash or they may be not available in the next few years so you can loose a lot of money. If you have money to invest in something but do not know what you want to invest on, you should really invest in purchasing real estate property because you can get a lot of benefits if you invest your money in purchasing a real estate property. If you wish to invest in something that is very safe and secure and you also wish to invest in something that can earn you a lot of money on a monthly basis, real estate investing is really very positive and you can really benefit a lot from it.
FOR IMMEDIATE RELEASE
TALLAHASSEE, Fla. — Joe Manausa, MBA, is proud to announce that he is now exclusively endorsed in Tallahassee by the lead singer of Rascal Flatts, Gary LeVox. This market-exclusive radio endorsement also incorporates the music of Rascal Flatts, featuring “I’m Moving On,” which was awarded “Song of the Year” at the 38th annual Academy of Country Music awards in 2002. The full ad, combined with video, can be seen on YouTube at
Joe has been listing and selling homes in Tallahassee since 1991 and has built a very strong real estate company that is earning high marks from its customers. Whether buying a home or selling or both, Joe Manausa Real Estate customers have written more five-star reviews for his services on sites like Google and Facebook than have those of all other real estate agents in Tallahassee combined.
This new exclusive marketing campaign is designed to help home sellers in Tallahassee move on and start packing!
The concept for using the song “I’m Moving On” to endorse Joe began when marketing legend Matt Wagner expressed a desire to help home sellers ease the stress of moving into their next home, and connect them with top real estate agents that can help them handle the challenges associated with buying or selling their home. Matt introduced Joe to Gary, and we hope our market enjoys the ad. It’s a great song and a great message from one of the most identifiable voices in Nashville.
The blend of I’m Moving On’s melody and heartfelt lyrics, combined with LeVox’s personal endorsement, takes radio’s ability to create theater of the mind to a whole new level of influence with country format listeners.
The Gary LeVox “I’m Moving On” endorsement campaign debuted in Tallahassee on radio station 103.1 The Wolf on Monday, March 13, 2017.
“We’re truly proud to receive this endorsement from country music legend Gary LeVox,” Manausa said. “As the listing agent Tallahassee residents rate the most highly, there’s nothing I enjoy more than helping others ‘move on’ to even bigger and better things. Whether you’d like to Sell your home in Tallahassee or buy one, we’re always ready to help, and we think this new partnership with Gary is going to help get the word out.”
Rascal Flatts stats:
- 23.4 million album sales
- 33.7 million downloads
- 16 #1 songs
- 40 industry awards
- 5.9 million Facebook followers
- New Rascal Flatts album “Back To Us” scheduled for release May 19
- Lead single from the new album entitled “Yours If You Want It” was the most added single on country radio in 2017
About Joe Manausa Real Estate:
As the best-reviewed real estate agency in the Tallahassee area, Joe Manausa Real Estate offers a full range of top-quality services that help sellers and buyers achieve their goals.
Understanding the Real Estate Market the Easy Way If you happen to have plans of being involved in the real estate market, then make sure to read this article. In fact, when it comes to understanding the real estate market, it is just very easy. The first thing you have to remember is that there are no necessary qualifications when it comes to selling real estate properties and learning more about them. One of the good things about the real estate market is that everybody is welcome to learn and master the art of selling real estate. Nonetheless, before you get too excited, you should be able to carefully consider several important aspects first. The first thing will have to do with gaining a good understanding regarding the basic real estate market principles. There are numerous methods and strategies that you can employ to successfully sell real estate properties. This article will be able to shed some light regarding the said helpful guidelines that will help you out. The first thing you have to consider is gaining the appropriate knowledge about the real estate market. Specifically, you should have an idea of the methods and strategies that work well sell a real estate property in no time. Honestly, you are going to hear a lot of things as regards successfully selling any real estate property. Nonetheless, it is vital that you are well aware of the climate of the real estate market. You have to be guaranteed that your clients are indeed willing enough to purchase the real estate property that you are selling. If all these vital factors are given that much importance on your part, then you are most definitely going to earn a lot from doing real estate sales. Before beginning to do real estate sales, it is important that you are well aware of real estate options. You need to first have some ideas of the many financing options you can use. Moreover, you also need to know how to find potential clients that have good credit standing. In simple terms, you need to be well equipped with everything there is you need to know about the business. There are a lot of ways that you can utilize to be able to sell homes the most ideal way to your potential clients. Just bear in mind to prepare a list of your goals that you have to get by to either sell or buy real estate properties.
Why No One Talks About Options Anymore
Once you have decided to sell real estate properties, it is vital that you have an idea of the many real estate services that are currently being utilized. Take some time to study ads being posted on newspapers regarding selling homes. By using the internet, you can also take hold of vital information regarding selling homes. As long as the right methods are being employed, you are guaranteed to sell any real estate property in no time.Overwhelmed by the Complexity of Properties? This May Help
The Best Things about Selling your House to Investors In case you are planning to sell your home fast and also want to avoid the problems involved in selling it, contacting your local home investor will be your best option. You may have already seen some advertisements saying that they “buy houses”. Such advertisements are companies and people who are into the search for great deals and ones that prefers to work with homeowners directly. When you are planning to sell your property, it’s essential that you bear in mind that it’s not only the individual buyers that can offer you in buying your property. There are in fact some offers from home investors that buys residential homes and utilize it as rentals or reselling it as a form of profit. Below are some of the benefits to which you could acquire from selling your home directly towards investors.
Lessons Learned from Years with Properties
The first benefit would be where it helps you to get a fast sale. The deal will be closed fast when you consider selling your property to an investor. The best thing to which you have to do is to call the investment company that you have interest in and ask them to visit your property so they will be able to assess it. They could actually offer you their price which you can actually choose to either decline or accept it. They will give you an offer fast, which means that there’s no waiting for a long time.
Smart Ideas: Houses Revisited
This will also help to remove your worries from paint, remodeling and paint if you plan on selling your property to a home investor. They actually will buy properties in its present condition even if this will need great repair and maintenance work. Much like traditional buyers, they will not expect you to hand over your property in a state that’s already perfect for moving. Most investors will actually pay immediate cash in exchange with the home to which they buy. This will be able to make the selling process faster and easier. This also works best for people that are struggling with finances and also ones that need quick money through selling their home. If you plan on hiring a broker to selling your property, you need to pay them with commission and selling your property may take more time. With the investors, there’s no middlemen involved and there’s nothing to worry with the complicated legal agreements as well. You could in fact directly contact them and then close the deal fast when everything is going to work well. Selling your property to investors will just need less work and effort in the process compared to selling this to individual buyers.
Real Estate Sales: Structuring Real Estate Rentals in Portugal Individual use of Portuguese vacation realty offers hassles. With regards to vacation income, this is valued at 25% and the solely tax-deductible rates are documented care or repair work fees and yearly municipal property tax i.e. administration bills, depreciation and finance expenses are not deductible. Consequently, upon the assigning of the property, you cannot find any way out of forking over 25% tax on the capital income; nevertheless whenever a non-resident specific use vehicle would be used to obtain the estate and operate the acreage, the distinct purpose platform alone may be traded as an alternative for the real estate without liability to Portuguese budget earnings tax. If you do not possess a lasting institution in Portugal, usage by a non-resident industrial body is dealt with for rental earnings intentions in primarily the similar way as consumer use. Nevertheless when the structured proprietor is a Portuguese company or alternatively holds a department in Portugal that taps the estate, it is capable to deduct all costs in connection therewith, which include extensive control bills, depreciation and financial costs. At the same time, operating deficits is sometimes packed forward during five years given that failures made use of in one fiscal year will not overshoot 75% of the dutiable gain for the corresponding year. Profits concede to the calculation of the taxable profit of a resident business company, even though under certain conditions 50% of such benefits from the expense of properties clutched for a minimum of a 12-month period is sometimes exempted if the combined profits are put back; and 50% of equity drawbacks are verifiable from the assessable returns.
Questions About Houses You Must Know the Answers To
Withholding income tax frequently applies at 25% to the repayment of dividends, interest rate or charges produced by Portugal-resident institutions to non-resident entities, unless minimized or taken off under a dual duty cartel or an EU statute. On the other hand, not a single withholding income tax works for the keep of a Portuguese extension’s returns to its parent.
Smart Ideas: Homes Revisited
So, which one is the proper design? Entities based in a legally detailed duty asylum are tax-wise tremendously fined in Portugal and should thus be shunned. The option to a Portuguese firm is not exemplary, given that the credentials that are asked by the Portuguese levy government bodies that allows a non-resident keeper to reap the benefits of an EU injunction or a double levy treaty are usually complicated to acquire. A nonresident particular purpose opportunity enjoying a section in Portugal would in general constitute the proper framework to pick up Portuguese charter property. Based on the particular scenarios of the actual keeper or proprietors, such unique objective means may efficiently be income tax clear.
Having a Profitable Real Estate Investment What you surely like is to get good returns when you would sell a property. Here are a few of the real estate tips that you should know so that you will get an idea that the property is really worth your investment. One is that you need to study the local price trends. You need to first check with the present price trends in the area where you would purchase a property. Find out if he cost of the homes is accelerating faster as compared to the other places. Are you able to figure out how the home price differs from the neighboring towns? Such knowledge is very important to purchase properties at the most affordable price. The most excellent source for current sale prices can be the internet, the realtors, the local newspaper as well as the real estate agents. You must see if there are signs for growth. It is profitable that you are going to invest in a growing community. If you spot new developments, then this means that a property can be great in the future. Are there roads, new schools, shopping centers or other infrastructures that are built in the area? You may go for a drive and explore the place so that you will have an idea of all these things. You can also visit the town hall to get an idea on major projects which would be started in the place. You should also know that you have to get an idea of your tax alternatives. The low property taxes are going to be more in demand. If you are not so sure about the tax structures, then you can get an advice from the agent that you trust. Also, an option is to visit such local tax assessor and also ask how much the tax charge is. You should be ready especially if the town wants to accommodate people. You must know that the property taxes can go up because there is going to be reassessment later on.
Houses Tips for The Average Joe
The parents are also interested about finding good schools in the place because this can offer their children with great education. Know that this will be a huge selling point for those who are going to purchase properties. It is for such reason that many investors would search for schools which are moving up the rank. To have a better about how the school in the area is doing, then you can check the education websites. Also, you can visit the school so that you will get the information that you need.
A Simple Plan For Researching Houses
You have to watch for those areas that are in close proximity to the big cities as well as towns. Properties that are located near big cities and towns will be in demand later on. You have to check out the outskirts. Also, many would like to go for the areas where transportation is also very accessible.