Real Estate Advice

download-34Many 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-Foreclosures
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.

Foreclosed Homes
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.

Tips for Real Estate

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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 cheaper than renting

Home prices are rising across the nation to levels not seen since before the download-36housing 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:

The Art of Mastering Businesses

Specific Items You Should Know About when Looking for your First Office Space

When you choose to run a business, it is important that you will have to make sure that you are choosing the right office space in order for you to boost the chances of being successful and to justify your selection. So in a sense, it really is ideal that you will consider such but the thing is that this will definitely be a struggle if you have no idea as to what factors really matter or what needs to be done in order for you to pull the right strings to success.

Right off the bat, it is in your best interest to make sure that you will have to decide on whether or not you need one. There will be a whole lot of factors that you should look into prior making such decision but as the trend goes, more and more businesses and entrepreneurs will be better off without it. However, research has found that having an office space boosts the overall productivity rate that businesses have. So to consider and office space really is something that you should look into.

This is the main reason why you should opt to make sure that you will have to consider choosing one that is closes to your team or where they reside in general. Having this considered throughout will then give you a better understanding and assurance that they will be able to get to the place in no time. To have employees to get to the place with ease is what will then ensure that you will be able to achieve a boost in your productivity.

It will also be ideal for you to make sure that the area has amenities nearby. If you are to choose the best office space, make sure that this is close to parks, coffee shops, as well as restaurants. See to it that you will want to have your office near such in order for your employees to easily get food and beverage without having to worry too much about getting there in the first place. Remember that having the office space located near these key items is the key to your boost and productivity.

It also is very important that you will have to be strict towards the budget that you have. Going over could actually risk or damage your overall growth.

Remember that the leasing contract should also be read carefully and that they are made clear. To be really careful about the contract is something that may or may not benefit you, reason why you should consider looking into such for you to understand where you should stand.

Shark Tank’s Barbara Corcoran Endorses Joe Manausa Real Estate

FOR IMMEDIATE RELEASE

(Tallahassee, FL)—Joe Manausa Real Estate recently announced that the firm has yet another reason to celebrate. The experienced team of professionals has earned an endorsement from Shark Tank’s Barbara Corcoran. The successful New York-based real estate investor has called Joe Manausa “Tallahassee’s Best Realtor,” noting his unrelenting commitment to getting his clients’ homes sold quickly and for the best price.

“I’ve just recently returned from New York City having met with Barbara Corcoran and shot a new commercial with her which will air on both CBS and ABC within the next few weeks. Barbara is a sharp businesswoman who built New York’s largest real estate firm from the ground up, and she knows a worthwhile firm when she sees one. Her endorsement is truly an honor for our entire team and we are grateful that she has taken the time to tell others about our services,” said Joe Manausa, the experienced real estate agent at the helm of Joe Manausa Real Estate.

The Joe Manausa Real Estate team provides representation for both home buyers and sellers looking to conduct transactions in the real estate market. Their team is all about the art of the deal, making sure that both buyers and sellers get the best return possible on their investment. Those looking to buy or sell a home can learn more about Joe Manausa Real Estate’s services here at the company’s website.

Manausa went on to say, “Barbara Corcoran’s number one recommendation for those who are considering selling their home is to take the time to find an experienced agent who will do more than list the home in the MLS and host an open house or two. We spend a lot of money to ensure that the sellers we work with have multiple buyers knocking down their doors to make an offer and are fully committed to doing whatever is necessary to close the deal. We sincerely appreciate Barbara’s endorsement of our hard work and look forward to our upcoming collaborative projects.”

About Joe Manausa Real Estate:

Joe Manausa Real Estate is a Tallahassee-based veteran-owned and operated brokerage firm. Specializing in helping families move quickly, the firm has a track record of selling a home every 18 hours. With years of experience helping local buyers and sellers get exactly what they need, the Joe Manausa Real Estate team knows how to locate the finest properties and negotiate the best deals. It’s their job to know about the latest market conditions, government regulations, and upcoming developments — so that clients don’t have to.

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Zoomek Launches Brand New Real Estate Search Website

FOR IMMEDIATE RELEASE

(Tallinn, Estonia)—Zoomek recently announced the launch of their new real estate website. On a mission to help hopeful home buyers and renters find their dream property quickly and easily, the site is equipping them with the ability to search for available homes located anywhere in the world from the comfort of their current surroundings. The newly-launched zoomek.com is currently available for users to search for homes free of charge.

“We could not be more excited to announce the launch of Zoomek. Our team understands how difficult it can be to find the perfect home, especially when a person doesn’t have time to visit every single location in which they are interested in living. Rather than having to search multiple real estate websites or endlessly typing zip codes and addresses into a search bar, we have instead put the entire world map at every renter and buyer’s fingertips. All they have to do is move the map to their desired location and use the zoom feature to explore the terrain and find eligible properties,” said Alex Wilson of Zoomek.

A simple flip of the switch into satellite view turns the Zoomek map into a topographical mastery tool, allowing users to get a better feeling for the natural land view and land lot dimensions of a particular property. Because the Zoomek team never relies on third party services and gets their listings direct from each seller, searchers can rest assured that all properties found through zoomek.com are still on the market and actively for sale or rent.

Wilson went on to say, “Whether someone is on the lookout for USA Homes for Sale or wants to live in one of the other 195 countries around the world, Zoomek can help them find what they are looking for. Our detailed home listings include information like lot borders, internal and external photos, and house facts so that nothing is left to the imagination. Using our site, buyers and renters can have peace of mind as they search for a place they can call home.”

About Zoomek:

The core goal of Zoomek’s service is to provide the easiest possible way of search of both international and local homes for sale or rent. Advanced search capabilities allow visitors to tune parameters to find exactly what they are looking for. Switching map into satellite mode provides natural land view and gives a better understanding of the selected area, house location and land lot dimensions.

A Simple Plan For Researching Homes

How To Sell Your House?

Either buying or selling your house is no doubt among the most important things that you will ever experience in life. When you’re in the real estate business, there are literally countless of sellers who fail to attract lots of prospective customers. This is basically because of the reason that they do not have enough idea on how they should sell their house properly.

Well, getting your house connected to house buyers and make them imagine of living in your house for long isn’t always about luck. It is actually more of creating a suitable environment that buyers will find hard to ignore. It is vitally important that all rooms look the same way as it was intended to be used. Remember to always put yourself in the buyer’s situation in order to know how to set it right. The truth is, it’s easier said than done but there are things that you have to know to get it done right.

Following are some tips that you must know if you like to how to sell your house.

Tip number 1. Evaluate your house – first thing you have to think of before selling your property in the real estate market is finding the right value for your home. There are several ways to determine its worth like self-analyzing your property. After that, you might want to consider getting the help of a home dealer. You can figure out as well the current market price of other homes in your locality. You may do this by way of making informal inquiries around the current market values in your locality. One great alternative of doing this is by using the services of skilled agencies to do inspection of your house.

Tip number 2. Housekeeping – when selling a house, it will be vitally important to make sure that it is clutter free and clean. For this reason, it is necessary that you clear out unwanted stuff from your home prior to showing it to prospective buyers. Remember, you want them to picture themselves living in your house and clutters and dirt won’t do any good if you want to sell house fast.

Also, this is the same reason on why there are lots of real estate agents who are advising sellers to get rid of household furniture to make the rooms look bigger than it was, reduce family photos on walls and so forth.

Tip number 3. Clear issues and dues – making your property free from any legal issues and dues is another deciding factor that can help you to know how to sell your house fast.

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The Key Elements of Great Inspections

Reasons for Hiring Mold Testing Services for Your Home

Each individual’s response to various mold forms are dependent on both the length of time they are exposed as well as the individual. In most cases, mold may be harmless and does not affect the health of your home. But, some types of molds may be dangerous and highly toxic when they occur in your house. Mold may lead to allergic reactions in some individuals with symptoms including trouble breathing, mood swings and allergy symptoms. Some individuals tend to be more susceptible than others, and those who face the most risk from alarmingly poisonous mold are the really old people, with immune systems which are weak as well as the young.

If your home has mold and it causes damage, you may find that your home loses some of its value that you have worked hard to build. Out of the more than 100,000 kinds of mold, a major proportion have been identified as highly hazardous to human beings. More to this, depending on the extent of the problem, mold removal could be quite expensive and sadly not all insurance firms will pay for the cost of removing the mold. The prices are dependent on whether the mold attacks the substructure of your house such as the floors, walls, ceilings, and roof. If you have to pull down the drywall and wallpaper or replace the hardwood flooring, you will have a costly job than if you only need to replace the soaked carpet. To keep the worth of your property, you ought to have it analyzed for mold and take the actions that are appropriate. This will also help maintain the safety and health of you and your family. For these reasons and more, it is always good to keep in touch with a mold testing provider if you think that you have a mold problem. This is particularly crucial because if a potential buyer finds that there is mold during the mandated reviews, mold removal may delay or nullify the sale, if you’re contemplating selling your residence.

Mold testing specialists have received all the training that is required to analyze and scrutinize the structure and air of your house to see if there is mold inside your home. His next step is always to know what type of mold it is and at what concentration it exists in your house when the mold testing expert discovers that there’s mold in your house. Then, the testing specialist must determine the exact location and the mold’s probable cause. You home may only be certified as free of mold if all mold is removed. Since mold is normally caused by excessive moisture, the specialist must find the source of the moisture.

The Essentials of Apartments – Breaking Down the Basics

Do’s in Renting an Apartment

Finding a place to live is one of the basic needs of any human beings. For people in the modern era, it is justifiable to choose an apartment over a house specially when they can’t afford a house yet. Renting an apartment is not something you want to rush into. Because once that decision is made, it is hard to go back on it. So to help you come up with a choice on an apartment are some few reminders.

Take note of the Important Features

When searching for a new apartment, you should take note of three amenities.

A dishwasher
An in-unit dryer/washer
Near to Public Transport

If these three checks out, then odds are that apartment is a keeper. Moreover, a checklist will help you get organized in your search.

Know your Budget

As you go through from a good to great apartment, you sometimes forget how much you are able to spend. Because of this, you need to know how much money you’re supposed to spend or better known as your budget. As you are making your making budget, do not forget about your day to day expenses so as to avoid compromising your plan. After completing your budget, you will find out that the money you have allocated will be just enough.

The Right Time to Search

The proper time to go out and look for an apartment to rent is sometime forgotten. In most parts of the world, summertime is the best time to look for an apartment as the school year has just wrapped up. The reason is that most student will return to their respective homes and more apartments will be available for renting. This will make their prices much drop and more affordable.

Narrow Down Your Search

Never look for an apartment without visiting it. Almost everyone will agree that visiting many apartments can be tiring. So you should narrow your search down to a couple of choices before actually heading out. You can do this through the internet. There are many apartment owners that put up websites that show their apartment and make it easier on the customer. After you have made your list to a few candidates, head over to those apartments and take a look at them.

Bring Your Roommates

If you are planning to share the apartment with someone else, have them tag along with you. Living in the apartment with your roommates will be a lot easier if everyone likes the place in the first place. If you have a chance to view it together, you can have solutions made for pre-existing problems the apartment may have.

Choosing an apartment is never easy. Before you go out and choose an apartment on the fly, you need to make plans. Constructing your budget ahead will avoid loss of money. But most importantly, you need to be happy when renting your new place.

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What I Can Teach You About Options

The Things That You Should About Selling And Buying Of Houses In New York

The most important asset that you will own in your life is to make sure that you have the best home that will take care of your needs in the long run. In the even that you have your own house you will have peace of mind and hence you can concentrate on other things that might be of good help to you in the long run. The house that you decide should be able to buy should be able to accommodate all the needs of your family in terms of comfort and space in the long run. One things that really contribute to the happiness of the family is to ensure that you have the house that will make you comfortable in the long run.

The enhancement in the level of technology has been critical in ensuring that you get to have the best opportunity to buy or sell your house in the long run. The selling and buying of the house can be done through the internet or you can visit the individuals that are selling in person and hence no problems in the long run. The websites are customized so that they can help you and you will not need the realtors in the long run. At time the cost of paying for the realtors might be very expensive and hence the experts in the selling of the houses can ensure that you do not have to pay the realtors in the long run.

The websites have the full information that you need and hence you will not struggle in the selling and the buying of the house sin the long run. There are things that you have to put in mind before you can get to sell or buy your house in the long run. The location of the house should be one of the major facts that you will consider in that it determines the price of the houses. You can decide to buy the house that has the garden so that you get to benefit in the long run. The house that you decide to buy should have the best drainage that will take care of your needs in the long run.

You can choose to conduct your own research before you can buy your house in the long run. The house that you choose to buy should be affordable so that you can stick within your budget in the long run. The step that you choose to do before buying of the best houses is reading of the online reviews so that you can get to know how people feel about the buying and the selling of the houses so that you do not have to undergo loses in the long run.

A 10-Point Plan for Videos (Without Being Overwhelmed)

Advantages of Using Real Estate Videos

In marketing your home I’m on by yours and seller is a competitive thing to do in the market. Nowadays, the real estate professionals that’s not only have to Market their homes but you need to Market yourself as well in order to Gain clients. Currently in today’s economy it is not even difficult to push properties after army people right into marketing for buying homes or houses and other properties they could sell. One can use a look into some of the real estate video Marketing in order to capture some of my new potential buyers of the house.

There are so many potential buyers know who are into the internet in terms of business. The reason behind this is that many home buyers would be convenient to use the internet in their homes with the use of their computer and then shop and to get whatever information they will get on the updated homes that are for sale. It can be very convenient now for the home buyers to use the computer and do the research for some of the potential schools shopping areas as well as potential areas before they can get into contact with the reliable real estate engine that they will be working with in the future.

With the help of the internet it has become a way of life among other people. This very concept of home shopping is now becoming a popular one for buying and also selling your home. The very first that for a realtor must do it to become competitive person and to be able to reach those growing Market that is happening now today who in which people prefer internet shopping. You have to make sure that you think of the ways how to Market yourself in a non-traditional way and you have to beginning with the internet since it is now becoming globally recognized way to Market your business.

The very first step for you to do is to create a short video. A well-developed kind of video where you can show the people not only the homes but also provide the Newsworthy with information on the real estate market in your place and we can talk about the user friend redo and you also some wings or you are else to your viewers as this is an Avenue to capture information together with promoting yourself. This the best and one of the many strategies that will give you starting point in home business.

There are many home buyers who would love interaction with their real estate agent when they shop for their homes and this can be an edge when you know how to do video marketing for the real estate.

Incredible Lessons I’ve Learned About Properties

Understanding Investing in Triple Net Properties

A triple net lease refers to a leasing agreement which designates the lessee in which the tenant is primarily responsible for all the associated costs of the asset being leased, in addition to the rental fee which is applied to the lease. The triple net lease expenses are categorized into “three nets” which include property taxes, maintenance, and insurance. Triple a net lease is also called as net-net-net (NNN) lease that relates to net real estate taxes, net common area maintenance, and net building insurance. In the commercial real estate, the standard names on the different sets of costs being passed to the tenant include single net lease, double net lease, triple net lease, bondable lease, and ground lease.

There is an increasing popularity of triple net leased properties most especially for investors who are searching for a steady income with a relatively lower risks as compared to other forms of investments. A triple net lease investment typically offer a portfolio of properties comprising of three or more high-grade commercial properties, wherein a single tenant fully lease the property, with current in-place cash flow. Commercial properties under the triple net lease may include shopping centers, office buildings, industrial parks or free-standing buildings operated by restaurant chains or banks, with a typical lease term agreement of ten to fifteen years in a built-in contractual rent escalation. There are a lot of benefits triple net investments can bring to an investor such as long-term and stable income with capital appreciation of the property. The management is free from management responsibilities, a long-term lease to a qualified tenant, attractive financing, stable cash flow, and unique tax benefits which only real estate provides. Triple net investments appeal to part-time investors who are looking for guaranteed income without management responsibilities, and it serve an attractive exit strategy for those with portfolios that are mature.

Like any other investment, there are a lot of factors you need to consider when structuring and valuing the deal. It is very important to assess the health and quality of a tenant’s business, ensuring the financial strength or financial capability. The different criteria you need to look for may include the operational margin, number of stores, stability of management, debt to equity ratios, and the outlook for the industry sector. You’re essentially providing a real estate capital to the business when you are leasing your property, and the success has a direct bearing on the long-term success of your triple net investment. Just contact us by checking our details in our website’s homepage if you are looking for triple net investment.

Why No One Talks About Houses Anymore

Helpful Tips For People That Are Planning To Enter The Real Estate Business

Now that there are so many properties in foreclosure, short sale,and bank reo’s, a lot of people are finding success in real estate investing. With such a huge inventory of properties available, you have to know which one of them should you invest on. In this article, allow me to give you some helpful tips that you may use as your guide when planning to invest on real estate.

1. The location of the property should be good.

A good location will always be the key to your success in the real estate business. Do not make the mistake of purchasing a property located in a declining area just because the price is low. The best properties to purchase will always be houses near schools, markets, hospitals, malls, etc. Remember that it is a lot better to pay more for a property in an excellent location compared to a house that you will get for a bargain but will be very difficult to sell.

2. Patience is a must.

If you are planning to enter the real estate business, you have to understand that this is a long term proposition. You are not going to find success overnight. To be successful in the real state business, you must remain dedicated, patient, and hard working. It is advisable that you hold your properties for at least a year before finally selling them. This is a good way to reduce your capital gain taxes.

3. Say no to lease option.

It is never a wise idea to rent a property with a lease option to buy. This goes for both sellers and buyers. If you study the process well, you will soon find out that you will lose a lot of money.

4. Buy properties near your home.

When investing on real estate, it is best to purchase a property near your home. The more you know about the area, the easier it is for you to sell your properties.

5. Research on the properties you are planning to purchase.

A single mistake in real estate investing means a lot of lost money. This is why you must do your homework. Now that most people can already access the internet, this task should be a walk in the park. It is very easy to find resources on the internet that will provide us with the information we need. Doing your homework and learning more about the business will make you a more confident and wise real estate investor.

These tips may be simple but they are very effective when it comes to finding success in the real estate business.