New Houses in the Philippine Market
New Houses in the Market
There are many new houses in the Philippines today that can offer a number of new benefits. According to many Filipinos, as well as experts, many of these new houses are found not in residential districts but around the outskirts of Metro Manila, and are mostly found in exclusive housing communities.
Although at a disadvantage due to its location, which is found far from the city, these new houses for sale still became popular because of a number of reasons. One of which is its new terms of payment that made it even more affordable compared to other houses in residential districts as well as renting an apartment unit.
New Term of Payment
What made houses in-demand, though not as popular compared to other types of modern housings in the Philippines, is because of its affordability. However, many new houses today can not only offer affordable houses, but also offer an affordable terms of payment. This is because these new houses can now be bought and paid in installment, making it easier for average Filipinos to own a house.
Because of this new term of payment, these new houses for sale are now known to be much more affordable compared to renting an apartment unit, which was considered as the most affordable types of housings in the Philippines.
New Amenities
Another reason why these new houses became popular in the Philippines is because of the same amenities that made condominiums and condominium complexes popular. Other than condominiums, many new housing communities in the Philippines today can also offer amenities such as swimming pools, recreational parks, playgrounds, as well as a full-size sports complex complete with basketball, volleyball, and badminton courts.
Because of this, these new houses became even more popular among many modern Filipinos, particularly for those that cant afford to live in a condominium complex. Because of its environment, these new houses became more popular among many Filipino families and their growing children.
Security
Because most of these new houses are found in exclusive housing communities, residents can feel a lot safer due to the fact that their community is guarded 24/7, which is similar to that of condominiums and condominium complexes.
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Unique Benefits of Condominiums
Common Benefits of Modern Housings
Like other types of modern housings in the Philippines, condominiums are also known for its location which enables its residents to access their workplaces effortlessly. This is because most condominiums are found near or within business and commercial districts, such as the many condo for sale found in Makati City.
Although found in business and commercial districts, these types of modern housings are still known to maintain the privacy and peace of each of its residents. The view of the whole city from their windows is simply stunning.
Another common benefit that condominiums can also offer is maintainability and security. Although in the past, condominiums were the only types of housing that can offer such advantage, many of todays apartment buildings and townhouses in business and commercial districts are also known to offer such benefits. This allows its residents to live in luxury while assuring their own security.
However, there are other reasons why condominiums became a very popular type of modern housing in the Philippines. Other than its location or its own maintenance and security personnel, condominiums are also known for its collection of amenities that made it even more popular compared to other popular types of modern housings in the Philippines, particularly with the many new condo for sale.
Unique Benefits of Condominiums
There are many popular types of condominiums in the Philippines today, and most of them are found in business and commercial districts. Other than the advantage of living within walking distance from their workplaces, residents can also enjoy a few activities through its own collection of amenities.
According to real estate experts, condominiums are the only types of housings found in the middle of a busy district that offers amenities such as gyms, indoor swimming pools, as well as sports complexes, which aims to offer a way for their residents to relieve their stress through gym, swimming, or through sports.
Another unique benefit of condominiums is that there have also been a number of these types of housings found around the outskirts of Metro Manila as well as in the provinces. These types of condo for sale are known as condominium complexes, which are types of condominiums that aim to offer Filipino families with an environment to grow their children safely.
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Prolonged Distance Movers and Answers
If you envision about the massive volume of people that transfer to the New York Metropolis each and every single yr, you would realize why NY movers hold lively all the time. Taking into consideration that decades, New York has been thought to be to be a single of the most important and fascinating cities in the nations and millions of men and women from all about the globe check out the city each and every twelve months and a excellent deal of people transfer to the metropolis in hopes of making it massive and taking benefit of the a good deal of opportunities in the metropolis.
The metropolis supplies several exceptional possibilities to these who reside proper right here. It is the center for commerce, trade, enterprise and banking and the headquarters of numerous companies are situated in New York. For this consequence in, there are several method and organization opportunities in the metropolis for men and women who want to be effective. Life-type in New York is gratifying and competitive.
Substantial Organization for the Shifting Enterprises
Just because there is a massive quantity of men and females who regularly transfer in and out of New York, new york movers unquestionably have a whole total whole lot to protect them energetic. There are numerous shifting businesses that run in the state and they often have to be on their toes and completely all set to give huge prime good quality and efficient organizations at a moment's learn. The marketplace location location right now for these organizations is actually dynamic and the opposition in involving these enterprises is fierce. It is for that explanation essential for these businesses to make selected that they supply aggressive prices and considerable significant large good quality companies to their customers.
1000's of males and females transfer in and out of New York. There have been numerous investigation which have been carried out to get an estimate of the figures. New York is the 3rd highest in the nation in terms of population and it is continually escalating. This indicates that there is also a higher quantity of immigration taking area. NY movers have to be all set to get the advantage of these types of opportunities.
Considerable Prime top quality and Effective Businesses
Due to the fact there are so a total lot of people who are continually relocation to New York, it is not so surprising that the NY movers have to supply trusted, efficient, skilled and very low-price options. Relocation businesses are in exceptional want and people who have to relocate typically normally want to get skilled aid fairly than obtaining to pack and shift on their individual each time. Individuals these days do not have the time to give with these items on their particular person.
These are the factors which stage out that shifting organizations that are reliable, proficient and professional are in great want and they will be for a quite prolonged time. NY movers for this cause have to make chosen that they present treatments that can make relocation for their shoppers as speedy and successful as would be feasible. This in turn will supply them a excellent offer far much more enterprise.
When it arrives to putting collectively a lengthy distance transfer, it is critical to appear for out a agency that specializes in managing moves for males and females that transfer from state to state. one main goal why this is essential is due to the truth the moves ought to have a staff situated at the place in which you are transferring. Certainly your items require to be packed and unpacked off the truck all by means of a transfer, so it would not be exceptional for you to employ a company that does not have staff situated all all about the region. Scheduling is a relatively vital facet of a lengthy distance transfer for equally you and the movers. For the movers, this aids them equate the price, and for you, this will give you a timeframe to in which you may be out of function.
There are diverse offers that a prolonged distance mover can give you when it comes time to transfer your issues across the region, or from state to state. You can have the movers pack something inside your house for you, load your points onto the truck, drive the truck to your new vacation spot, and unpack each and every little stage for you. An extra solution is that you can choose to pack something at all by oneself. If you choose to do this, your transferring organization can offer you with boxes, tape, and anything at all at all that might be necessary for the duration of this strategy. These choices are all dependent on your price tag array. In several circumstances, an distinct person is shifting a extended distance for profession aspects, which signifies the transfer is becoming funded by the organization, which tends to make permitting the shifting agency get care of each very small stage a outstanding option.
An additional service a prolonged distance shifting organization can provide is to transfer your automobiles, recreational autos, or even a boat across nation for you. There are different alternate options for this as properly, just like there are with the standard transfer. A well-liked option is to tow a auto behind a shifting truck. This does expose your automobile to the components, but does not place any use and tear on the vehicle alone. If you want to have your motor vehicle moved far a great deal much more securely, you can have it transported in a covered trailer, along with any recreational autos you may well have. You can make use of the shifting agency to transport your boat on its trailer for you as nicely, creating the shifting technique a lot simpler for you.
If you technique to area some concerns in storage subsequent the transfer, you can speak about to your shifting enterprise about storage choices. In numerous circumstances a lengthy distance mover will have speedy connects with storage facilities that can assist you. The movers can separate your belongings from what is becoming saved and what isn't, and can even aid you at effectively packing the elements that are heading to be set in storage. There are a excellent offer of remedies that a prolonged distance shifting organization can present, and at really a number of distinct fees, so experience totally free of cost to converse to your transferring organization in sophisticated when you approach to transfer a remarkable distance.
Lengthy Distance Movers and Businesses
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Sell your house fast Taunton
But sellers beware. These are simply marketing tricks and don't guarantee that your estate agent is best placed to sell your house fast. They could be pricing your property out of the market with an over-inflated valuation, or could be charging less commission than other estate agents because they spend less money on actually marketing your property. Both of these could prove to be costly and you can end up wasting you precious months trying to sell your house in Taunton.
The first step in finding a good estate agent in Taunton is to spend time researching and monitoring who are selling similar houses to yours in the area. Drive around Taunton, talk to friends and family for recommendations, look through the local newspapers and national property websites.
The second step is to make an appointment with these estate agents to view similar properties to yours. This is invaluable to see how you would be treated as a buyer, to test their local knowledge, their view on market conditions and their knowledge of the individual houses you are viewing. Make sure they are welcoming, friendly and knowledgeable, and can answer all of your questions about the area and the property.
Once you have identified the estate agents that you like, invite them to your property for a valuation. Choosing the best three should be sufficient.
Once they have viewed your property, here are 10 important questions to ask them to help you determine if they are the best people for the job:
How many similar properties have they sold through to completion, and how many of these achieved close to the asking price?
What is the average amount of time it would take them to sell your house fast, and with how many viewings?
Will they actively look to sell your house fast?
How many buyers do they currently have registered who are seeking properties of this size and in this location?
How will they market your property? Ask for details of individual newspapers and websites they advertise in, and ask how often your property will be listed.
Do they offer additional services such as financial advice, home moving products and conveyancing?
Are they prepared to accompany buyers on viewings in the evenings and weekends?
What are their negotiating methods?
What is their top and bottom valuation for your property?
What is the complaints procedure if you are unhappy with the way they are conducting the sale of your property?
After receiving a valuation and details of their marketing methods, it's time to negotiate a fee. Estate agents in Taunton generally charge between 1% and 2.5% for a sole agency fee, which means that they are the only estate agent marketing your property. Remember, in times where there is a shortage of properties for sale and estate agents are fighting for business, you are in an excellent position to negotiate on the fee. If you do negotiate a lower fee make sure you will still receive the same level of marketing for your property.
Before you go ahead and sign up, ask for a copy of the contract and read through it thoroughly. You need to make sure that the contract is clear on how long you are tied in for the agreed fee, whether you can market your property with other agents for a multiple agent fee, and what your notice period is if you want to cease using their services.
By following these tips, you should be in a great position to choose the best possible estate agent in Taunton, and you should sell your property quickly and for the best price. And remember, once the marketing of your property begins, keep a close eye on their progress and make sure you receive the service you signed up for.
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Great Investment Potential with Richmond VA Foreclosures
One can get most foreclosure properties lower than the fair market value in a real estate market area. You can sometimes buy these real estate properties at auctions. You should also be ready for the bidding procedures for the sale of Richmond foreclosures. You may get a discount on these houses. If you succeed in buying a Richmond foreclosure, you may be able to profit off this property.
You can obtain most foreclosure houses at lower costs. If you live in the Richmond, Virginia area, then think through your goals to own a Richmond Virginia foreclosure. There are numerous websites to search for foreclosure properties. You can get these foreclosure houses and properties all over the Richmond area. If you want to make a deal on Richmond real estate foreclosures then consult a real estate broker or agent to assist you. One can get several types of foreclosures in Richmond, like government foreclosed property, residential foreclosures and distressed properties.
To get foreclosure property, it is better to consult a real estate broker or agent. An agent can help you understand the real estate process and achieve your goals. There are several lists of foreclosure properties available on numerous websites to help you as a guide. For more details on Richmond real estate foreclosures, visit the site http://www.bfirstrealestate.com.
Bud First - Virginia Real Estate Agent & Realtor for Richmond VA, MD, DC, WV, PA, NC REMAX real estate property.For more details about glen allen home and richmond va mls please visit our website.
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Sell And Rent Back: Is It The Right Option For You?
The sell and rent back option provides a way to make a quick and easy sale. There are a variety of companies that exist just for the reason of purchasing homes while allowing the current owner to stay in place. In addition, these companies allow you to buy back your home at a later date if your financial situation improves. If you are interested in taking advantage of this option, simply go online and search for a sell and rent back company. After contacting them, they will get back to you, typically within a few days, to give you an approximate amount that they would be willing to pay you.
If you decide that you would like to go forward with this process, a representative of the company will phone or visit you. You will have the opportunity to get answers to any questions that you may have. The representative will then make you a formal offer, which will detail both the monthly rental cost and the amount you will need to come up with to buy your house back in the future (if you want to).
There is a big difference between selling your house through a real estate broker and selling to rent back. There are pros and cons to both options but, ultimately, you may not really have a choice. If you need a quick sale and do not want to move house then using a sell and rent back company is literally your only option. If you can afford to wait months to find a buyer on the general market then you would likely be able to sell your home for a higher price though.
If your decide to sell your home to a sell and rent back company, the whole process can be completed in just a few weeks. It is possible for you to still be able to stay in your house even if you have already received notice of eviction or court proceedings. So, do not think that it is too late to act.
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If you liked this, try: Sell And Rent Back
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Oklahoma City Homes
While the destination serves as a perfect location for people who do not have to hunt for a job any longer, the city has something for the younger lot as well. The steady growth rate of Oklahoma City together with the new and exciting prospects of business and franchises springing up all over the place make it one of the more dependable places in America. You will also be pleasantly surprised to find all the amenities near at hand once you decide to go ahead with your purchase of an Oklahoma City home. The sporting action of the city as well as the variety of entertainment within the city can chase your boredom away. The Bricktown Entertainment district is particularly renowned in this aspect. The shops as well as the many fine dining areas of Oklahoma City will help you spend time in the close company with your family.
Your real estate agent will be able to provide you with details as you look around at the various Oklahoma City homes on the market. A truly surprising fact about this low-key city is that it can be considered as both a buyers as well as a sellers market. The tax credit that is currently being offered has prompted many buyers to hasten the entire process of purchasing. An individual looking for a bigger and better accommodation can take advantage of the tax credit by selling off their property to a first time buyer rather quickly. The down payment assistance plan is also aimed at the first time buyer who gets to enjoy double benefits of the current real estate scenario in Oklahoma City. However, the various nuances of the market along with the advantages and disadvantages can be explained by a realtor who has been operating the local market for quite some time. Handling the paper work as well as the various financial aspects becomes easier when you have a realtor assist you obtain your ideal home.
About the Author:
Denise Whitehead is a realtor in Oklahoma City, OK serving Serving the Oklahoma City Metropolitan Area (including Nichols Hills, Edmond, Deer Creek, Piedmont, Yukon, Mustang, Moore, Midwest City, Choctaw, Harrah and Newalla) for many years. There are plenty of options when it comes to buying OKC houses and Denise can help you in getting a right OKC house.
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Real Estate Lawsuits: A Guide To Real Estate Litigation Causes Of Action
Real estate lawsuits involve a number of possible legal causes of action, including breach of contract, specific performance, partition, breach of fiduciary duty, real estate fraud, quiet title and boundary disputes, among others. How do you know which causes of action are applicable to your real estate lawsuit, and what do these different legal terms actually mean?
One of the most common causes of action in a real estate lawsuit, both in California and nationwide, is breach of contract. Oftentimes two parties will have either a written or oral agreement that governs their business dealings together. The contract can include a purchase and sale agreement, a lease, a partnership agreement, an option or any other agreement between one or more parties where each party has made promises to the other. In a breach of contract action the plaintiff must establish that it performed its side of the agreement (or was excused from doing so) but that the defendant did not. The plaintiff is entitled to recover any damages it suffered. This is probably the most common cause of action in real estate litigation.
Specific performance is often used in conjunction with a breach of contract claim. While a breach of contract action entitles the suing party to damages, specific performance asks the court to force the other party to actually perform what it had promised to perform. This is because the law presumes that real property is unique and damages are not sufficient to make a party whole. For example, in a purchase and sale agreement, if a party enters into a contract but later refuses to sell the property, the buyer can seek an order from the court compelling the seller to go through with the transaction.
Partition is a lawsuit among co-owners of property. Partition does not necessarily rest on an allegation that a party did something wrong. It simply allows for co-owners of a property to disengage from each other, either through a buy-out or the sale of the property. Partition actions are usually accompanied by a request for an accounting of how the proceeds from the property have been spent. The court will typically order an accounting to figure out if one owner has contributed or received more than another party so that they can be made equal. If the parties are unable to reach an agreement for a buy-out or sale of the property, the court can also order the property sold and the proceeds distributed equally among the owners.
While partition applies to co-owners of a property, breach of contract and breach of fiduciary duty are used in real estate partnership lawsuits. Oftentimes property is held in a partnership or limited liability company. The partners (or ‘members’ in a LLC) may have a partnership agreement or, for the LLC, Operating Agreement. A breach of the partnership agreement is a breach of contract. Because partners owe each other certain heightened duties, a breach of fiduciary duty cause of action is also common in partnership disputes. For example, a partner who steals money from the partnership or who diverts the best real estate deals or tenants to himself or his other properties without disclosing it to his partners could be liable for a breach of fiduciary duty.
Real estate fraud applies when the other party has made a misrepresentation to you, you have reasonably relied on that misrepresentation, and you were damaged by it. In a real estate case this can involve a seller who provides a buyer with false financial information or conceals a material defect in the property. In addition to compensatory damages, a fraud cause of action allows the plaintiff to seek punitive damages—damages meant to punish the defendant for committing the fraud.
Quiet title is used in real estate lawsuits to settle disputes over who owns a parcel of land. Whenever there is a dispute over property ownership, a quiet title is usually appropriate. Quiet title actions can also be used to correct problems in the chain of title even if no one is currently contesting the ownership of the property. This occurs when the historical chain of title is not complete.
Boundary disputes are just that—lawsuits arising over misunderstandings between neighboring property owners over where the boundary lines are and who is entitled to use a certain piece of the land. Boundary disputes can be settled by a quiet title claim.
Real estate litigation can be a complex field. Additional causes of action and remedies may be applicable to your situation. States like California have additional statutes and laws which apply specifically to real estate transactions and real estate lawsuits. However, this primer should help you understand what your real estate attorney is talking about when you discuss your lawsuit.
Laine T. Wagenseller is the founder of Wagenseller Law Firm, specialized Real estate law firm Los Angeles. Wagenseller Law Firm specializes in real estate law and litigation, Our Breach of contract attorneys have years of experience and good track of handling breach of contract disputes throughout Los Angeles and Southern California.
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Strategies For Success In Real Estate Investing
Successful real estate investing requires that you follow some strategies so you make profit on your real estate investing deals. Here are a few strategies to keep you in the profit zone.
1) Education
When investing in real estate, you will come across so many types of situations that might not look profitable at a first glance. Education helps you understand different opportunities when you come across them.
Even though education can sound expensive, the opportunities it creates and potential profits more than makes up for the investment.
You can pay for real estate seminars and boot camps from gurus. You must do your due diligence to get valuable training with the right person for your money.
Since the real estate market and opportunities keep evolving, continuous education is a must to remain profitable. Start by joining your local real estate investing club. Most real estate investing clubs invite speakers that can have valuable information. It is also the place where you learn what other people are doing in your local market and exchange ideas.
2) Develop an investing plan
It may be advisable to settle on one business model depending on your local market. Such a plan could include:
a) Types of deals - you might decide to concentrate on short sales, wholesale real estate investing, lease option, land lording, etc., once you have a comfortable niche, you will be able to laser target your prospects and marketing campaigns for best results.
This in turn will determine how many properties you buy, the amount to spend per deal and the profit margin you target per deal.
And of course, you already have an exit strategy in mind when you look for properties.
b) Target market - this is the geographical area from where you buy houses. You must target a geographical region to remain focused.
3) Work with a professional
Being in constant touch with top producers in your market keeps you focused on the best marketing, exit strategies, joint ventures and how to make more profits from your business. The success of your business depends on the mentor you choose. You must have a person in your niche that you seek advice from.
4) Make lots of offers
You will not buy houses unless you make offers. Making more offers means buying more houses. Even though some offers will be rejected, the more you make the more will get accepted, and the more profits you will make.
In a depressed housing market, you might need to make more offers in order to get your offers accepted at prices low enough to be supported by a depressed house market. Of course, you must buy low enough so you can easily sell at a profit.
Simon Macharia is a real estate investor. Learn how you can run and automate your real estate investing business using state of the art real estate investing websites from http://www.RealEstateInvestorsWebsites.net
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What Happened To The Golden Age Of Home Ownership?
Google search provided statistics showing owner-occupation rates at 32% in 1953, rising steadily peaking just over 70% back in 2000. However, the current rate has now fallen slightly to around 68% leading to the conclusion that generations of young people are now facing a lifetime of renting rather than buying.
It is clear that the time has come to move away from the notion of 'right-to-buy' and 'wrong-to-rent' and with increasing age groups willing to settle a deposit and purchase their first home it was argued we are moving towards a more European model, where first-time buyers are in their late 40s and come in with 50% deposits (Richard Donnell). However, if this is indeed the case, a certain amount of attention now needs to be directed towards the maintaining and improvement of the rental homes that are available. Government figures on this matter showed that four out of ten homes in this sector now suffer from issues such as damp, broken windows, and inadequate bathrooms and kitchens calling for councils and housing associations to refocus their attention.
A government spokesman said it had taken action to support the private rental sector but still wanted to support those who aspired to buy. However, there is no escape that the idea of renting is becoming highly appealing and the budgets for the housing sector are becoming lower. In this case furnishing your rental home can become a little tedious on a budget and also adds to the hassle of ridding of your furniture or lugging it with you when your rental contract comes to an end.
Furniture rental once again seems the most reasonable answer to rental problems. Furniture hire will ensure that nearly all of your decorating needs are met along with the latest, stylish, and brand new furniture installed quickly, easily and most importantly to suit your budget.
Laura room works for a company where you can you find furnishings for any occasion with Furniture Rental London and Furniture hire with furniture rentals
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Boulder Real Estate
Whether you are relocating or buying property, Boulder offers a varied range of Boulder real estate. While you are searching for a home in Colorado, it would be a great idea to buy a good property in Boulder.
It is needless to describe the scenic beauty of Boulder. With the Rocky Mountains standing as backdrop and extensive greenery makes the city a lovers paradise. Boulder has an open space of more than thirty one thousand acres. It is a paradise for nature lovers and hikers. Boulder has one hundred and thirty miles of hiking tracks. Nature lovers can go kayaking, mountain biking, and play golf at some of the best golf courses in the country.
The prices of the Boulder real estate range from high to low. Thus it caters to people from every walk of life. Boulder also offers golf course properties for those who are willing to invest in lavish bungalows. There are lot of affordable homes that you can find in Boulder. The residential neighborhoods are quite pleasant with all kinds of facilities like parks, libraries, and daily markets. Boulder offers a very convenient living for the residents and all the Boulder real estate properties are adorned with the modern amenities. Boulder also offers a lot of historic homes for buyers. If you are searching for homes at affordable rates, you can go for foreclosure properties too.
About the Author:
Tommy Lorden is a Commission Rebate Agent in Boulder, Colorado. He is the Managing Broker of Buyers Slice Realty: The Original Buyer Commission Rebate Company of Colorado where Tommy says, If you find the home, Ill close the deal, and well split the commission! To learn more about the Boulder real estate market or Buyers Rebate Agents visit my website at www.coloradocommissionrebate.com.
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Key Real Estate Terms: Lis Pendens
Directly translated, "lis pendens" actually means "suit pending." Any court case presently pending in the United States can be referred to as this. So how does this affect you, the potential homeowner? Actually, it can mean quite a bit.
While customarily lis pendens was a term utilized to refer to any presently pending court case, it has a more real estate-specific meaning nowadays. Today, the current trend makes only written notices filed about real property and sometimes parental responsibility matters the subject of the term lis pendens. With respect to real estate, this can involve either the title to the property or an instance in which there is a claimed ownership interest. If you're looking for a lis pendens, also known as a notice, search in the county land records office.
The ramifications for a potential homeowner are important to know. A potential buyer is put on notice that the title to the land they are thinking about purchasing is being challenged when a lis pendens exists. You have got another problem to be concerned about if, in spite of its existence, you purchase property prior to the notice being filed. You will end up taking the property subject to any final decision that is later rendered if you buy property that is described in the notification. This makes the property undeniably less marketable to a buyer or a lender.
Caveat emptor is another legal term that may be appropriate to know at this point. In this case, no clarification is needed beyond the term's English translation. Interpreted as "buyer beware," due diligence should be utilized at every turn, just like every other part of the home buying process. Verify that the land's title can be taken free of any hindrances by consulting with your local county land records office. One fast and easy task could save you a lot of home buying heartache in the future.
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Get the list of homes for sale in Boulder CO and read more about great cities in beautiful Colorado. Finding a home can be tough, and even tougher if you don't know the area it is located in. These sites are very informative and have made it easy to locate Arvada CO homes for sale.
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Attorneys And Clients: Evaluate Your Real Estate Fraud Case
Honesty is paramount in real estate litigation. Even if a potential client is successful in hiding information from his or her lawyer during the initial consultation, that evidence will eventually surface during the litigation. The attorney can evaluate the case better if he or she knows all of the evidence from the very beginning. Sometimes bad evidence can be successfully dealt with to lessen its impact if the client discloses it right away. If the evidence does not surface until halfway through the plaintiffs deposition, the attorney has almost no ability to control the damage.
Conversely, the real estate fraud lawyer should ask questions in the first client meeting that touch on each of the elements of a fraud cause of action. Was there an actual misrepresentation or active concealment of some material fact? Did the client know that the information was false at the time? Was the other party intending to defraud the client? Did the client justifiably rely on the misrepresentation?
One of the most common weaknesses in a real estate fraud lawsuit is whether the client knew that the other party was concealing information or making a misrepresentation. If the client knew the information was false or already knew the concealed information from some other source, the client (and his attorney) will not be able to argue that the client reasonably relied on the misrepresentation.
For example, in a fraud lawsuit premised on the purchase of a shopping center, a plaintiff may claim that he was told that all of the units were rented, the tenants were operating their businesses and all tenants were paying rent. Even though a document such as a rent roll may make this claim and look like the foundation for a meritorious fraud lawsuit, the evidence may show that the unit had already been vacated with a Going Out Of Business sign on the door when plaintiff did a site inspection of the shopping center. In other words, the client will have seen that the unit had been vacated and was going out of business. He would therefore not be able to rely on a representation that all units were occupied and all tenants were paying rent.
In other examples, a seller may have concealed material information from the client when selling the shopping center. However, another party in the transactiona tenant, a real estate broker, a property managermay testify that he or she had a long discussion with the client about the status of the tenants, the operating problems at the property, the boundary dispute with the neighboring landowner or whatever the concealed information is. A potential client may correctly tell his attorney that the seller failed to tell him that information without understanding the significance of the fact that he learned that information from another source before the close of escrow on the property. The fact that the seller may have failed to reveal the information may, in that case, be morally wrong but, if the client knew the information from another source, a real estate fraud lawsuit will fail. It is true that the client was lied to but he would not be able to establish that he was unaware of the falsity of the information.
Real estate fraud attorneys must also delve into whether the potential client was damaged or not. While a person may breach a contract or commit fraud, it does not necessarily follow that the victim is injured by the fraud. Using the example from above, suppose the seller of a shopping center represents that a tenant is paying rent when in fact that tenant has vacated the property is not paying rent. Now suppose that the clients industrious real estate broker procures a tenant during escrow and that tenant takes occupancy on the first day of the clients ownership. Yes, the seller lied about the vacancy problem but the client was not injureda new tenant was found and started paying rent from day one.
There are many ways that a real estate fraud lawsuit can unravel during litigation. The best way for real estate fraud attorneys and potential clients to avoid this is to be honest in their exchange of information, to go through the elements for a fraud lawsuit, and for both the lawyer and the client to understand what evidence will make or break the case from the very beginning. While this advice applies to all real estate litigation, it is particularly important in real estate fraud litigation.
Laine T. Wagenseller is a Los Angeles real estate fraud attorney. He is the founder of Wagenseller Law Firm, a Los Angeles real estate fraud law firm.For more information on real estate fraud and real estate litigation in Los Angeles and Southern California, please contact Mr. Wagenseller at (213) 996-8338 or visit www.wagensellerlaw.com.
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The Precise Meaning Of Wholesaling In The Real Estate World
An example of an undervalued property is a home which sorely needs improvements, or a home which has sat on the real estate market for an extended period of time, or even a home or building which hasn't sold for one reason or another. Wholesalers of real estate find these kinds of properties and swoop in to buy them at cheap rates from hopeless sellers. Some wholesale businessman seeks out foreclosure estate properties and other properties, which are in financial peril. Wholesaling experts actually suggest that people look homeowners who have filed for divorce, bankruptcy, or who recently experienced a death of a partner since these kinds of homeowners are likely to sell their land at a cheap rate. Actually the beliefs behind real estate wholesaling could be somewhat tricky.
Other than searching out unfortunate people in bad situations in order to purchase their home, real estate wholesalers have other methods they use in order to find houses to buy. Some saturate potential neighbourhoods with flyers and other form of advertising. Others actually scan neighbourhoods for what they call "ugly" houses, directly confronting the owner and making them an offer. The wholesaler's hope is that the owner is already desperate to sell their so-called ugly home and will be so grateful to the potential buyer that they will jump at the chance. Even if the home is not currently listed on the real estate market, a wholesaler will attemptt to make an offer. There are lots of wholesalers who don't resort to knock on doors and making unsolicited offers, but it's usually the most aggressive wholesalers who turn around a great profit.
Real estate wholesalers are not out to retain properties, and in most cases do not even bother to fix them up before selling the properties. Instead, they build up a largee network of investors who typically purchase the properties from them and then do all the work of repairing, improving, and selling the homes at a largee profit. Make no mistake about it; wholesalers do make a handsome profit in the deal with relatively little effort. Building a reliable and huge group of investors is the key to a successful wholesaling.
One of the biggest cautions made by real estate wholesaling experts is that it is a fine line between real estate wholesaling and real estate fraud. Unethical practices such as inflating the value of a home or forging paperwork can turn a real estate wholesaling deal into mortgage fraud, a crime punishable by law. A real estate wholesaler needs to remember that their only job is to find the homes and then pass the deal on to a real estate investor. The money they make can be considered a finder's fee. If a wholesaler digs deeply into the investment deal by making it look better, big problems will certainly arise.
Many real estate wholesalers who have made a goodly amount of money turn around and sell their knowledge to potential students. Often they will advertise an easy way to get rich quick or will promise financial freedom for people willing to purchase these secrets. There's no mystery behind wholesaling of real estate, but there's a bit of legalities to understand and info to learn before starting up as a wholesaler of real estate. There are lots of legitimate classes and books which could explain all the details of wholesaling to a wholesaler, and there's no reason for an individual to go to a conference which spends half day rallying the crowd rather than getting down to the basic info. If wholesaling of real estate sounds like a nice idea to you, then take some time to do some research and learn from a good source without getting caught up.
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Fullhouse.com.my is No. 1 Penang properties portal. This is the best place to start your Penang real estate search whether you are an investor, buying for your own, or looking to rent. At Fullhouse.com.my, you can find thousands of Penang condo units and condos for sale and rent with detailed information about each property, including maps and photos.
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Real Estate Investing - Effective Tips To A Successful Real Estate Investing
Do Your Research: You will need to carefully examine all the property that you would consider a potential investment. You also may need to hire professionals such as a land surveyor home appraiser to help you determine the value of the real estate that you plan to buy. You can even research auction listings ahead of time in most cases as well.
Assess Value of Property Carefully: You will want to hire an inspector to check the plumbing, electrical work, and the roof. In addition, you will want to have the home appraised before you try to apply for a loan. In order to get the highest appraisal for your home, you will want to make any necessary repairs before the time for it to be appraised. You may also make use of a comparative market analysis to help you determine the value of a home. However, these are not as thorough as is the actual inspecting and appraising of a home. Besides, most lenders will not give money to finance real estate of any kind, whether it is a home or other property unless it is appraised. Therefore, you will want to carefully assess the value of the property you plan to sell, and get it professionally appraised.
Consider Track Record of Agent: You will want to work with fellow agents who are trustworthy. You might want to see a list of their past clients and check their references. In addition, you will want to know how long that agent has been in business and so forth. If you are planning on purchasing your own real estate franchise, you will need to learn about that company's method of operation. For example, you need to know how that particular company advertises and how free you are to make your own decisions while representing that particular company.
Get Pre-Qualification Loan Letters: Pre qualification letters are letters which states that you'll be given financing to buy a house. These notices changes and could expire so have to use them as soon as possible. In addition, they're not guaranteed hundred percent. However, it increases your chance to get that loan because they are willing to give you one more chance for it. It only shows that lenders are willing to work with you.
Make a Business Plan: A business without a plan is like going to a battle without a bullet. You have to make sure that you secure and protect yourself as well as ensure that going into that business would be a possible venture for you. Your plans would incorporate your cover page, supplies needed, list of equipment and price of rent or owning office space, and fees for utilities and communication.
Consider the Cost of a Piece of Real Estate: You will need to make sure that you have all that you need in order to make money off of a piece of real estate. For instance, just because a particular building or home may cost only 10,000 dollars does not mean it is worth purchasing. The plumbing pipes could rust out or the entire place could be build out of code. Furthermore, it could be non-fixable to the point of possibly being condemned. Make sure that the real estate you plan to purchase is worth your money.
Effective Advertising Campaigns: You have to determine how to market yourself. The most cost-effective and easiest way to do this is to spread the word to people you know. In addition, you could attend in social gatherings and business fairs. The more you interimingle with people, the better the chance you have of garnering sales. Furthermore, you could use all other kinds of promotion as well to your advantage. You could send out greeting cards or newsletters, put an advertisement on radio r TV, or you could find numerous ways to advertise your business online. Various types of real estate services are a lot better for particular types of advertising. The answer is to find what works best for you.
Proper Education: If you want to be a professional real estate broker you will need a license. This will help you gain all the knowledge you need. Furthermore, you will be tested on that knowledge once you have completed the necessary coursework. You can also complete certain courses online, some of which are interactive.
Successful real estate persons also apply to various real estate organizations such as NAR, and they network with other realtors. In addition, those who want to be successful read real estate publications, and continue to check dialling listings.
The more study and observation that you do, the better real estate broker you will become. You could find quite a bit of info online, some are free and some are not.
More Information:
Fullhouse.com.my is No. 1 Penang property portal. This is the best place to start your Penang real estate search whether you are an investor, buying for your own, or looking to rent. At Fullhouse.com.my, you can find thousands of Penang apartment units and condos for sale and rent with detailed information about each property, including maps and photos.
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Buying And Selling A House - 6 Effective Negotiating Strategies
Knowledge is power in negotiations, so it is wise to learn as much as you can to prepare for the negotiation. If you are selling your home you should be sure to get your home into top condition so buyers will not have any physical objections and you should also have the facts on the recent sales prices of homes nearby which are comparable. You should make any price adjustments compared to the recent neighbourhood home sales.
Consider also the asking prices of other competitive homes currently listed for sale. It is best to understand the importance of time in the negotiations. If you are the buyer do not hesitate to ask why the seller is selling. There could be any number of reasons as to why they have put their house on the real estate market, such as a job transfer, pending foreclosures, illness, unemployment, or other motivating factor. If you learn that the sellers are a couple who is retiring or already has retired, they probably will not be motivated to accept a lower offer. No matter how desperate your time deadline might be, do not let the other party know your motivation. If they are aware of your time weakness they may try to take advantage of them.
Try to learn the other party's motivation in selling their home. If you learn the seller is selling because they just purchased a larger home, you know they are motivated by both a time deadline and the need to sell their old home to provide the down payment cash. If you learn the seller wants to buy a larger home, but has not done so yet, that seller is not yet highly motivated to sell and might not accept a lower purchase offer.
Generally, the biggest obstacle to learning the seller's motivation is often a listing agent who refuses to tell why the seller is selling. Watch out for a negotiator who needs to seek approval from a higher authority. This may be a spouse who is out of town or a parent who is supplying the buyer's down payment. Realty agents can anticipate this roadblock by holding off until all necessary parties can be present to either make or accept the offer. An offer, which hinges on the approval of a third party, is often doomed to fail. The reasons a third party will often reject a negotiated offer is because they either weren't aware of how and why the offer was made.
It is best to watch out for the non-stop negotiator. Real estate buyers often use the non-stop negotiation strategy in which they make a decent purchase offer which after a few counteroffers back and forth, results in a home sale with both parties signing firm sales contracts. This is typically the beginning of the negotiations. A non-stop negotiator will typically insist on coming back to the home looking for real or imagined defects in the property which can be used to negotiate the price downward or to obtain a repair credit. This is also the time to look for the bad guy-good buy negotiation strategy. One person may try to get the best deal and the other will step in to make the bad guy more reasonable. Do not be in a hurry to conclude the negotiations because these negotiators often take hours to wear down. Buyers should also try to avoid an auction situation. Home sellers love to get into the auction strategy, but this can be a very dangerous situation for home buyers and should be avoided.
More Information:
Fullhouse.com.my is No. 1 Penang properties portal. This is the best place to start your Penang real estate search whether you are an investor, buying for your own, or looking to rent. At Fullhouse.com.my, you can find thousands of Penang condo units and condos for sale and rent with detailed information about each property, including maps and photos.
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Affordable Housing: Meeting The Needs Of A Struggling Population (UK)
The term ‘affordable housing’ has traditionally promoted social rented housing and conjures up images of grim, sub-standard council houses. Today, ‘affordable housing’ encompasses a wide range of choices to suit varying personal, financial circumstances and is associated with shared ownership, part buy part rent, rent to buy and shared equity properties.
Shared equity was introduced 31 years ago and has been very successful. It is similar to shared ownership as it is still a form of affordable housing to help certain people onto to the property ladder. Backed by the Government’s own shared equity plan called Homebuy Direct – it is a serious alternative for the British population to move into decent housing: housing they can potentially afford and enjoy living in, rather than just housing that they can cope with.
In what is supposed to be a new age for British politics, an age of social responsibility and inclusion, the drastic inequalities present in the housing market are more than just aggravations. The figures alone show that house prices have continued to rise beyond the means of nearly all of the UK’s residents who have lower income in compared to others, with average house prices over the last 12 months staying stubbornly at over £200,000 – that’s an average of 10 times more than the median annual earning for a UK citizen.
The current housing market has deterred many people from buying a house outright and people are demanding alternative options. However, the supply of affordable housing and shared equity properties is an issue that must be addressed by the Government if the average British person, the person for whom affordable housing was created, and to whom the chance of shared ownership housing should be given as a matter of course are finding it difficult to achieve this aspiration.
As the new government has scrapped central planning targets and given control back to the local authorities, the provision of new housing in many areas is become a lesser priority and plans are put on hold. Providing affordable houses and backing the construction industry is a trick being missed by the government, in its drive to develop a new and inclusive society – and it’s a trick that could ultimately be the downfall of all the big ideas we’ve heard so much about in recent months. It is detrimental to developers who are unable to build more houses and keep people employed and without genuine affordable housing, without shared equity homes that are available and meaningful then people have no incentive to change their way of lives. They’re better off where they are – on the fringes, living off the council. It’s time for change.
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Affordable housing encompasses shared ownership and shared equity and is a positive step away from council accommodation: the Government must make this a priority and now. For more information please visit http://www.smartshare.co.uk/news/shared-equity.
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How Do You Define The Procedures For Public Utility Development (PUD)?
Urban places are oftentimes the best suited for PUDs and have been ever since the late 1950s and the establishment of Levittown. Using land in different ways is normally the method a PUD operates, leaving ample area for housing, leisure, commercial centers and industrial parks. All are contained within one development or subdivision. PUDs are concerned with large programs that offer residents with enough public area, built-in zoning and only light industry sectors.
Smaller, private yards together with a big, open common space are offered in nearly all homes that are found in a PUD. All the residents living in a PUD are welcome to use the big, secluded open spaces produced by the layout of the buildings as they are specifically designed for that intention. Not like the usual housing developments, diverse forms of housing fitting the needs of various sized families are oftentimes combined all together.
PUD streets are also different, and they are very vital in creating the appearance and atmosphere of a neighborhood. Street types form a hierarchy, which is predicated on frequency of utilization. In a PUD, residents travel via local streets that are known to have low traffic levels. All through the PUD, the major travel routes through other avenues are connected to these local streets.
Sidewalks and pedestrian paths further create the PUD neighborhood. The stress is on mobility in a PUD, and it is for this reason that there are sidewalks on a minimum of one side of every street. Residential groupings, schools and shopping areas are linked by circulation systems. All of the components of a PUD work together, making the totality even more powerful. With conventional zoning practices, many of the rules are incompatible with the needs of the residents, unlike those zoning regulations instituted under the patronage of a PUD.
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What To Know About Premier Real Estate Management
The property management team that is in charge of your property could make the difference between the real estate being on a long term lease or remaining vacant for a long time. They must be diligent in the marketing of your rentals, as well as trustworthy with your books.
Your manager will know how to prepare an apartment or retail space for a new tenant. They will interview them, check on their credit scores, and investigate their background to be sure that they will be able to come up with the agreed upon rental amount. The contracts will be properly filled out and endorsed, and the rent will be collected each month. Your manager will also notify a tenant when they are late, collect late fees, if necessary, and evict, if it comes to that. They will also know how to examine the property when the tenant is about to vacate it, and return the deposit in part or in full.
The company may have an accountant within the firm that handles all the bookkeeping, as well. This is a convenience and saves you the extra step of hiring an accountant separately. In any case, the manager will still need to keep records of the rents, late rents and fees, evictions, and when a rent should be increased.
There are certain maintenance jobs that need to be attended to when you own property. The regular maintenance of the landscaping should be handled by property management. If there are roofing issues, or plumbing issues, these will also be handled by management.
When your property is managed correctly, it should put your mind at ease. Hiring a premier real estate management company should allow the rentals and maintenance within the properties to be handled smoothly.
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Looking to find the best deal on premier real estate management, then visit www.propertymanagementnaples.com to find the best advice on premier real estate management for you.
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Arizona Biltmore In Phoenix Is Legendary Real Estate
Opening to great fanfare in 1929, the legendary Arizona Biltmore was the original Arizona resort, helping to set the stage for the development of the state into a major tourist destination. With its luxurious facilities and distinctive Frank Lloyd Wright-influenced design, the Biltmore has long been a playground for the rich and famous and has wined and dined literally multiple generations of celebrities.
Frank Lloyd Wright was actually the consulting architect on the Biltmore; he collaborated with a former student, Albert Chase McArthur, who was the elder brother of the resorts original owners. (The McArthurs were wealthy Chicagoans who owned the local Dodge franchise). It was Wrights first hotel project and remains the only existing hotel in the world with a Frank Lloyd Wright design.
The Arizona Biltmore was constructed entirely of Biltmore Block, a variation on a textile block first used by Wright to build private homes. The pre-cast blocks were made from desert sand on-site and created in 34 different geometric patterns inspired by the trunk of a palm tree. As a reminder that Arizona was known as the Copper State, the hotel was adorned with a glittering copper roof and the lobby boasts a gold-leaf ceiling that was, and still is, the second largest in the world after the Taj Mahal.
With the construction estimate of $1 million doubling, the McArthur brothers lost the hotel to one of the original investors in the project, chewing-gum magnate William Wrigley, Jr., who became the sole owner in 1930. Over the course of the next 43 years, the Wrigley family owned and operated the Biltmore and, under their aegis, it became world-renowned as a preferred luxury oasis for celebrities, heads of state, captains of industry and politicians and presidents. In 1973, the Wrigley family sold the resort to Talley Industries, and since that time, the resort has seen a wealth of stunning expansions and enhancements, achieving the highest luxury standards while faithfully preserving the Biltmores historic design and atmosphere.
Over the past eight decades, countless notables have enjoyed the Biltmores famed ambience and luxurious setting. The guest list includes back in the day Hollywood stars such as Clark Gable and Carole Lombard, Gracie Allen and George Burns, Marilyn Monroe, Frank Sinatra and Bob Hope. Meanwhile, a list of more recent well-known guests includes George Clooney, Tom Cruise, Michael Douglas, Whoopi Goldberg, Steven Spielberg and Arnold Schwarzenegger.
Source: www.ArizonaBiltmore.com; information used with permission
Article Source: Russ Lyon blog
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How To Make Money Investing In Probate Real Estate
You can find some of the most profitable real estate investing deals in probate real estate. They are especially attractive due to several factors. This article walks you through how to make money in probate real estate.
Probate properties are properties titled to a person who is deceased. Once a person dies, their estate is inherited by heirs or beneficiaries.
The probate process involves clearing the outstanding debts and releasing the remaining to the heirs. For example, the a probate property will be sold to settle outstanding mortgage balance and the rest distributed to the beneficiaries.
During the probate process, the beneficiaries are responsible for expenses associated with real estate, such as making mortgage payments, maintenance such as cleaning the yard, etc. Probate property can therefore be a source of distress.
An administrator (executor) is appointed to settle the estate. In most cases, this is usually an attorney. In some estates, you may find one of the heirs has been appointed as the administrator. This is done to reduce legal expenses.
Beneficiaries therefore need to sell the properties fast to reduce expenses.
If they sell through a real estate agent, the estate will be responsible for all real estate commissions. These expenses can be minimized if they sell to a real estate investor.
Sometimes the property might need repairs before they can sell it. If they cannot afford to fix it up, selling to a real estate investor may be their best choice.
How to locate probate real estate
County court records record all probates. There are 3 sets of important information: The deceased, the administrator and the beneficiaries.
When investing in probate real estate, you must periodically check court records for new filings.
You must then verify if they owned real estate from county recordings. Start with the name of the deceased. It could also be recorded in the name of the estate, e.g. John Doe.
Next you may find the outstanding debts or mortgages on the real estate. If this is not possible, I usually get this information from the beneficiaries or administrator.
Then you need to contact the administrator AND the beneficiaries. This is because the administrator can change from an attorney to one of the beneficiaries appointed by the court. This is very common.
Also, if you do not have the correct addresses, any letters to the beneficiaries will find their way to the administrator of the estate.
You do not send postcards. I usually send a series of nice, sympathetic letters every 30 days for 6 months. I offer my sympathy for their loss and express to buy any probate properties they may have.
They will contact me when the time comes to sell. Then I will make the deal happen.
Follow the same steps to make a lot of profits in probate real estate.
Simon Macharia is a real estate investor who buys and sells houses in Texas. Learn how you can run your real estate investing business and automate it from an interactive real estate investor website from http://www.RealEstateInvestorsWebsites.net
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Real Estate Litigation: Specific Performance Of A Lease In California?
Along with the legal complaint, the attorney sought a temporary restraining order and mandatory injunction which sought to have the court order the landlord to vacate immediately his own home and to award possession to plaintiff. The legal question appears relatively straightforward yet novel: Could a tenant forcibly evict a landlord from his own home and force specific performance of a breached lease?
Typically the damages for breach of a lease are established by California Civil Code section 3300. That Code section provides that breach of contract damages are an amount which will compensate the aggrieved party for all the detriment proximately caused by the breach or which in the ordinary course would be a likely result.
Plaintiffs lawyer, however, pointed to Civil Code section 3387, which states that it is to be presumed that the breach of an agreement to transfer real property cannot be adequately relieved by pecuniary compensation (i.e., money). The Code further provides that in the case of a single-family dwelling which the party seeking performance intends to occupy, this presumption is conclusive. Neither side in the dispute could find a case in which the court had interpreted Civil Code section 3387 to include leases rather than the purchase and sale of property.
A lawsuit for specific performance requires that a plaintiff show (1) the inadequacy of his legal remedy; (2) an underlying contract that is both reasonable and supported by adequate consideration; (3) the existence of a mutuality of remedies; (4) contractual terms which are sufficiently definite to enable the court to know what it is to enforce; and (5) a substantial similarity of the requested performance to that promised in the contract.
Although a purchase and sale contract to buy a single-family home is subject to specific performance, a lease poses different considerations. The first element of specific performance hinges on whether the legal remedy (the payment of money) is adequate to redress the wrong. In a purchase situation each home is considered unique, and there are other considerations which may make money inadequate to compensate for the loss of a family home. In a home purchase the buyer could conceivably live in the home for the rest of his or her life.
However, in the lease scenario, the tenant had an agreement to lease the house for twelve months only. After the twelve month period expired, the tenant would be moving on. Moreover, in a purchase and sale agreement, the buyer takes over the care and ownership of the property. In a lease, specific performance would force the same landlord and tenant who are engaged in litigation against each other to now enter into a landlord/tenant relationship for the next year. While they had originally planned on such a relationship, the subsequent litigation would have surely soured the relationship and doomed any chance of a functional relationship over the ensuing twelve months.
Another element of specific performance is the mutuality of remedy. It is unclear whether this element is still a viable element in a specific performance action. However, it makes a certain amount of sense in a purchase and sale agreementeither the buyer or the seller can seek to specifically enforce the contract. However, in a lease, a court may not order a tenant to move into an apartment and enter into a year-long relationship with the landlord. From this perspective it is easy to conclude that a lease is not capable of specific performance by a landlord against a tenant. The remedy is money damages. Could a tenant therefore compel a landlord to enter into such a relationship via specific performance? The answer is almost certainly no if a court were to require a mutuality of remedy.
Another sticking point in this analysis is the process by which a court awards possession of real property. Typically the restoration of possession of real property is addressed in the Unlawful Detainer Act of Californias Code of Civil Procedure. Unlawful detainer is another word for eviction. Notably, the Unlawful Detainer Act only allows the eviction of a tenant, who is described as any person who hires real property. It would turn the Act up on its head if a tenant were allowed to evict his landlord.
If this case involved a commercial lease in a shopping center or industrial building, the analysis is not as compelling for refusing to order specific performance of the commercial lease. However, in the case of a residential lease, it seems that the proper remedy is still monetary damages.
Laine T. Wagenseller is the founder of Wagenseller Law Firm, a Los Angeles commercial real estate law firm. For more information, please contact Mr. Wagenseller at (213) 996-8338. For more information and articles on Los Angeles real estate litigation, please visit wagensellerlaw.com.
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Detached Homes Doing Well In UK Real Estate Market
Consumers who own detached homes have seen the greatest rises in value of their properties over the last 12 months, it has been found.
According to figures released by Halifax, the price of standalone residences has gone up from an average of £266,060 during the second quarter of last year to £299,295 during the same three-month period in 2010.
This meant that homeowners, possibly including those who used estate agents in West Hampstead to sell their homes over recent months, may have been pleased with the price they achieved.
Indeed, they saw the equivalent of a £91 a day rise over the last year, with a 16 percent increase being recorded.
Meanwhile, prices for all other property types as a whole, including those on the books of estate agents in Kilburn, increased in value by between eight and nine percent on average.
When prices over the last decade are analysed, it is semi-detached properties that have been the biggest winners.
Such abodes have gone up in value by a typical amount of 111 percent over this time, which is marginally above terraced properties at 110 percent and bungalows at 109 percent.
Estate agents in West Hampstead, as well as estate agents in Kilburn and elsewhere around the UK, may also be interested to note that flats were the only type of residence not to double in value during the ten-year period.
They rose by an average of 81 percent.
Responding to the findings, Halifax housing economist Suren Thiru said: "Although the price of all property types has been boosted by the combination of historically low interest rates and lack of properties available for sale over the past year, it is notable that detached homes have seen the largest average price rises."
The UK's property market has returned to relative health after a rocky period during the recession when values fell around the country.
The Article is written by www.livingresidential.com providing Estate Agents Maida Vale and Estate Agents Primrose Hill Services.Visit http://www.livingresidential.com for more information on www.livingresidential.com Products & Services
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In AZ Real Estate Law, Should Married Own Home As Community Property With Right Of Survivorship?
In 1995 the Arizona legislature authorized a husband and wife to hold title to their home (and other real property and even personal property such as stocks and bonds) as community property with right of survivorship (“CPWROS”).
Prior to this1995 Arizona real estate law a husband and wife either held title to their home as community property (“husband and wife”) or, most commonly, as joint tenants with right of survivorship (“JTWROS”). Community property had the tax advantage of a step-up in basis of both halves of the home when the surviving spouse sold the home, but had the disadvantage of requiring probate. JTWROS had the tax disadvantage of a step-up in basis of only the deceased spouse’s one-half interest in the home, but had the major advantage of transferring title to the home to the surviving spouse without any requirement of probate. The purpose of the 1995 legislation authorizing CPWROS was to have the “best of both worlds,” namely, after the death of the first spouse a step-up in basis of both halves of the home, but without probate.
The following simplified example will illustrate the importance of a step-up in basis of both halves of the home. A husband and wife buy a home for $40,000 (each has a basis of $20,000). Ten years later the husband dies and the home is now worth $100,000. The wife then sells the home for $100,000.
If the home is JTWROS property, only the deceased husband’s one-half interest will be deemed by the IRS to have a step-up in basis, and the wife will have a taxable gain of $30,000 ($100,000 sale price less deceased husband’s 100% step-up in basis to $50,000 less wife’s original basis of $20,000).
If the home is CPWROS property, both halves will be deemed by the IRS to have a step-up in basis, and the wife will have no taxable gain ($100,000 sale price less deceased husband’s 100% step-up in basis to $50,000 less wife’s 100% step-up in basis to $50,000).
In addition to the tax advantage of owning real property as CPWROS, as opposed to JTWROS, CPWROS real property can only be sold or mortgaged with the consent of both the husband and the wife. JTWROS real property can be sold or mortgaged by either spouse without the consent or even the knowledge of the other spouse.
If a husband and wife want to transfer the title to a home or other real property from JTWROS to CPWROS, they should contact the title insurance company that insured the title at the time of closing. The title insurance company will normally prepare the necessary transfer documentation for a minimal fee, generally less than $250.
Note: Since 1997 a husband and a wife have the $500,000 capital gain exemption on the sale of a principal residence. This $500,000 capital gain exemption is generally available after the death of one of the spouses if a joint tax return is filed and the principal residence is sold in the year of death. Otherwise, the $250,000 capital gain exemption is only available. Therefore, a husband and wife holding title to their home as CPWROS is not as important as with other types of real property, unless there has been significant appreciation of at least $250,000 in the value of the home.
Article Source: Combs Law Group Blog
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Potential Real Estate Values And Current Business Climate Look Good For Colorado
In fact, the state of Colorado has been named in several other studies which attempted to measure business friendliness and potential home value appreciation.
In another annual study published by Forbes, Colorado placed 4th for the second straight year in their study of states that had the best environments for overall business activity and careers. The study rated states in a number of categories including labor supply, overall cost structure, regulatory environment, economic climate, quality of life, and growth prospects. Specifically Colorado was ranked fifteenth for regulatory environment, ninth for quality of life, 6th for growth prospects and economic climate, first in the labor supply category, and 33rd in business costs.
The state of Colorado was also ranked number two overall in another survey. This is called the State Competitiveness Report and is undertaken and published every year by the Beacon Hill Institute. This survey is quite detailed and ranks states in 43 unique categories. The highest ratings for Colorado were given in the categories of Business Incubator at number four, Infrastructure at number five, and Technology at number three.
Certainly real estate sales are down in Colorado as they are in most if not all states in the U.S., but it appears that the future for the state looks relatively bright once the market finally works through its many issues, including the foreclosure problem and overall job confidence, and starts to stabilize somewhat.
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Real Estate Agents For Buying A Condo
Once you give your realtor your list of necessities and your list of things that just won't work for you, they will look around the area and find every option that will fit your budget and lifestyle. Having a list of condos that completely accommodate you will make the buying process a lot easier and will make it easier to spot the condos that are overpriced. This can also help you spot the deals. If you have a list of potential candidates in front of you, one of them will have the cheapest price, which might be the one you will end up being most interested in.
A major thing to consider when searching for a condo is location. Location represents a huge part of the price with condos. If you notice a cheaply listed condo, but it seems to be just as nice as other condos at the same price, it is probably because the location itself is not as convenient. Depending on how important location is to you will dictate how much home you can get for the price. Your realtor will be knowledgeable with every area and will be able to tell you how accommodating one area is to the next. You might be able to land the perfect condo at a very low price if you do not mind driving a longer distance.
Negotiating an offer on a condo can be tricky and presents a lot of dos and donts. Your realtor will make sure that you do all of the right things so you get the cheapest price on the condo, and will also steer you away from making any mistakes on the offer. You of course want to come in lower than the asking price, but you do not want to come too low. This at times can offend the seller to the point that they will never sell you the condo after that low offer came in, even if you do come up in your offer. Your realtor is there to guide you throughout the entire process so that it saves you money, saves you time, and makes sure you find the condo that fits you the best.
Cincinnati Real Estate
Homes For Sale Cincinnati
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