Tag Archives: Real Estate

Get The Ideal Mortgage Product With 2 Simple But Effective Moves

Mortgage Loan AgreementMany people overlook the need for preparation when applying for a mortgage loan to buy a home. Unfortunately, such oversights only serve to put a damper on the process and ruin the homeowning experience.

The hefty price tags on homes make it impossible for most people to own a home without a credit facility. The $200,000 asking price is way above the financial income of many. Luckily, the affordable mortgages in Chandler AZ from lenders like the Deb Klien Team put you closer to realizing your dreams. However, to take full advantages of these loans, you need to take a few proactive measures.

Educate yourself on mortgage

Rushing through the process of mortgage application without adequate preparation is the bane of many first-time buyers. In such a situation, you are likely to settle for any mortgage plan without giving too much thought. Do you know, there are more than six types of mortgages? Each is tailored to suit different buyer needs. It is, therefore, of great importance to have great insights into what they entail.

You need to tell between a fixed rate and adjustable rate mortgage as well as their merits. Again, you need to understand the benefits of a government-backed mortgage such as the Federal Housing Administration. Only by having a great insight into all these types of loans can you make the right choice.

Negotiate your interest rates

After picking the right type of home loan, you need to ensure that the interest rate on it is affordable. Unlike normal negotiation, this takes a bit of preparation. Your creditworthiness is your greatest asset when negotiating a loan. You need to demonstrate to the lender that you are indeed credible and pose little or no risk to them.

To this end, you need to have a high credit score, preferably higher than 700, a low debt-utilization ratio, and history of paying your debts on time. Building a stellar financial history takes some time, so you are better off starting the process long before you approach a lender. Such a move ensure that you have a pleasant experience owning your home.

Buying a house through a home loan can be a tricky and complicated process. Instead of feeling in the dark, you should make adequate preparations for a successful process.

Colliers: Developers to Build More Townships in Cavite in 2018

An aerial view of a modern housing subdivisionReal estate developers in the Philippines will look beyond Metro Manila for their next township projects, including Cavite, according to Colliers International Philippines’ Top 10 Predictions For 2018 report.

Several existing projects in the province include the Lancaster New City. A review website like Land Price List helps real estate agents compare prices for different types of units, aside from prospective home buyers.

Key Market Trends

Other provinces that will be under the radar of property companies’ include Laguna, Bulacan, Pampanga, Cebu and Davao. These companies will continue to search for development opportunities in the next few years. This trend stems from land values that have begun to increase due to the rapid expansion of road networks across the country.

Home builders have marketed townships as a multi-faceted environment where residents can also work, shop and dine among other things. These mixed-use developments have become popular as more people want basic and leisure facilities near their place of residence.

Opposite Scenario

The housing situation in Metro Manila will be a different scenario this year, according to Colliers. For instance, the launch of new condominium buildings will continue to make it hard for companies to find new tenants. This serves as one reason why some developers have turned to second- and third-tier cities for their next developments.

However, commercial real estate will be a bright spot in the sector due to growing demand for office space. Santos Knight Frank expects an additional 1.5 million square meters of leasable space in Metro Manila this year, in response to sustained demand from business process outsourcing companies. Despite a projected increase in vacancy rates due to the expansion, the consultancy firm noted it would not be a problem since pre-leasing deals remain steady.


The general outlook in 2018 for the country’s real estate sector seems bright, particularly from an investment standpoint given that several companies plan to focus on other markets for expansion.

2018 is Promising for Singapore’s Property Market

Singapore city skyline at night

Singapore city skyline at night In Singapore, home ownership is a valuable symbol of independence and financial stability. The local property market in the country for 2018 is now a promising venture especially for those who intend to fulfil their dreams of private home-ownership.

The trend for home prices in recent years has been a steady decline, making more homes affordable for many people. Many experts explain that this decline has been largely due to the government’s efforts to regulate property prices.

However, there are other options for those who want to invest in Singapore’s promising real estate market. One of these is leasing property or land for commercial or residential purposes, which can be a good way to generate revenue.

This is where land and property lease in Singapore comes into play. Property investors now have the choice to lease their property for residential or commercial purposes. In such instances, the government needs to work with property developers to determine the amount payable to the government.

The land lease agreement

Singapore property buyers are familiar with the land leasing agreement for many years. First, the initial amount is considerably more affordable than a freehold property.  Depending on your needs and preferences, you may find that a land lease is an ideal agreement if you intend to purchase a more suitable property later.

Why you should consider leasing

Since 2015, the rental for many properties have gone down in value as the number of vacant properties has increased year on year. Many property buyers could take advantage of the lower home property prices; though residential leasing remains doubtful, commercial leasing remains a promising venture for many investors.

Experts predict that the market will double in the next decade, and so the best time to invest in property in Singapore whether leasing land or buying properties is now.  Besides, for those who want to experience home-ownership would find the values more accommodating now than a few years from now.

Northeast Tennessee Home Sales Reach $1B So Far in 2017

For sale sign in front of a house

For sale sign in front of a houseHomebuyers in Northeast Tennessee may have an easier time to look for properties, as the region’s housing market is tipped to set another record year for sales, according to the Northeast Tennessee Association of Realtors’ (NETAR) report.

Home prices in Northeast Tennessee during November fell by $3,689 to $169,452 year over year, while sales for the month increased 7.6% to 496 properties.

Record Year

NETAR’s report partly based its findings on property sales in five counties in Northeast Tennessee. For the first 11 months of 2017, there were 5,777 transactions exchanged possession. This may allow the market to sustain its record from last year, when sales amounted to its $1 billion.

Washington County registered the highest increase in average home prices, which rose by $16,960 to $228,693. In Johnson County, the average home price increased the most by more than $42,900, although prices remained the cheapest among the five counties at $128,244. If you want to buy elsewhere in Tennessee, the market in Nashville may be a good choice coming into 2018.

Nashville Market

Realtor.com expects home prices in Nashville to decline next year, as more homes are sold in the city. Prices have been trending upward due to a limited supply of homes. However, the forecast only considers higher sales for listed home prices worth more than $350,000.

Entry-level property prices may take a long time before noticing any slowdown in growth, as first-time buyers make the most of low-interest rates from lenders like a mortgage company. Mortgage Investors Group noted that Hendersonville homes could be another option if you find Nashville to be a pricey market.

Whether it’s your first time to buy a house in Tennessee or not, it may be better to secure financing to close out a purchase faster than rival bidders. Where do you plan to acquire a residential property in 2018?


Your Guide to Buying a Commercial Real Estate Property

Commercial Property

Commercial PropertyRunning a business requires you to look into different factors. For one, you should have a sizeable budget. The budget should be enough to cover manufacturing and marketing of your offerings. Other than that, you should have a strategy that will serve as your contingency plan should things start to go south.

However, if you want to maximise your business to make sure that there will be ROI, you need to find a commercial space that will suit your business. This could be hard, especially if you do not know where to start.

Here is a quick guide to help you out.

Where Foot Traffic Is

Just like in real estate, location, location and location matters in business. You need to find a place where the people are. These are the places where you can find potential customers. Most likely, you can find these areas in central business districts. Downtowns and food parks are the perfect places for this.

You can ask a specialist in business property in Vancouver such as those from firms like Vancouver Business Brokers.

The Facility

When buying a property, you must first check its facility, especially the electric and plumbing lines. You should make sure that you could easily convert the property into something that you can utilise for your business. If you can, bring an architect or an interior designer, and have them check the property.

The Price

Price is something that should be included in your budget. Sometimes, it is the most difficult part to deal with. So what you should do is shortlist at least three properties you have scouted. You also have to arrange your paperwork, especially if you are applying for loans and refinancing.

These are only some of the things you should keep in mind if you are scouting for a commercial property. Do your due diligence to avoid some costly mistakes.

Buying a Home in the Philippines? Don’t Forget These Factors

Happy Couples with their homeNow that you finally gave up renting and decided to upgrade your status to a homeowner, you need to consider a variety of factors. It’s important that you think of your current and long-term financial needs and capabilities, especially when your future plans include building a family.

As such, one of the key pre-purchase steps you need to take is establishing how much you can afford to shell out towards the initial expenses and the ongoing costs of homeownership. If you are planning to live in a master-planned community like Lancaster New City, this will make the transition easier and ensure that you don’t face serious financial difficulties along the way.

Determining what you can fit into your budget

While homebuyers have their own definition of what “affordable” is, the basic guideline is to add your earnings and your savings and then from the sum, subtract all your expenses. This should include your outstanding loans, such as credit card bills and auto loan payments; the premiums of all your insurance policies; your monthly living costs (utility bills, groceries, fuel, dinner nights, etc.); the school expenses of your kids (if you have them already); and of course, your monthly home loan payments.

Obviously, the result should not be negative. You still want to have something left for your savings and a considerable leeway for emergency expenses.

Start with a practical choice: Consider a model property

Unless you make millions a year, it’s best to remain practical and set something reasonable for your purchase. Yes, you may have always dreamed of owning a 5-bedroom property, but unless your finances can accommodate it, stick to a property that has a price tag you can afford and that you will still love. A good example of great properties is a Lancaster Cavity model house, which comes with several bedrooms but still has a competitive price.

Are you ready to search for the house that is right for you? As long as you keep in mind these strategies, you can become a proud homeowner in the Philippines without compromising your finances.

Market Your Property to the Right Audience

Man and woman bought a homeWhen you wish to sell your property, it is important for you to know the real estate market to an extent. You should consider carefully and identify the customer who would be interested in your property. To be able to sell your property successfully for a good price within a short period, you should find the right customer base.

A few guidelines on types of properties

New apartments or townhomes in Utah or elsewhere are ideal for couples planning to have a family. People with growing children require space. Families with older relatives or for couples over sixty might wish for houses that require little maintenance.

One or two bedroom apartments are best suited for single people or very young couples who are just starting out.

Apartments, condos, or townhomes for rent with amenities such as tennis courts, gym, and swimming pools, these are ideal for young couples and single individuals who wish to follow an active lifestyle.

Larger homes in suburban neighborhoods with nearby hospitals, schools, shopping centers, and movie theaters appeal to couples and families.

Apart from the house design, the location is also essential in determining the price you will set for the property. Make sure to check other properties for sale to compare.

Where to market?

If you have a property to sell or lease, it would be best to gain the services of a real property agent to sell it to the right audience.  You could also advertise in your local newspaper or go online to market your property. Make sure to improve the appearance of your property to make it appealing.

When selling your property, it’s always best to get the help of a professional to help you find the right audience. Knowing what, where and who is always essential in a successful real property sale.

Landlord-Approved Ways to Decorate Your Rental

Rentals in Wellington Point Decorating your temporary home can be complicated because you have to weigh a number of considerations, including your deposit. The problem is, most landlords do not really permit the tenant to make permanent modifications on their property.

Fortunately, there are houses for rent in Wellington Point, such as those offered by patbarrettrealty.com.au, that allow minor changes or room repaint as long as the tenant takes care of its original condition.

Even though you cannot incorporate traditional decorating methods, you can still rely on below ideas. These will help you enhance the personality of your rented home without jeopardising your deposit.

Set Up Bold Wall Art

Be fearless and cover your walls with intricate artwork. Do not even think about those old student posters because they are outdated already. Instead, choose a more mature and chic design, like screen prints and lettering prints. You can even combine and match designs for a contemporary appeal.

Consider Wall Hangings

Wall hangings can serve as a speedy fix if you have unwanted things you want to cover up on your wall. This can range from a stain, a crack or a doorframe. If you use it in your bedroom, it can also be a stunning headboard that is not really complicated to make yourself.

Use Wall Stickers

You can personalise your walls without getting your landlord mad by adding stickers to liven up a room. Choose ones that are easily removable, so you can take them off once you move out. There are even functional wall stickers that come with hooks to hang coats.

Include Statement Lighting

Even though you cannot change where your lights go in the ceiling, you can still manage the level of mood lighting in a room. You can do this by investing in statement pendant lights, lamps, candles or lanterns.

Who says you cannot have your freedom when you are renting? Follow the above design tricks to unleash your creativity in your own rented space.

3 Often Overlooked Factors When Buying a Commercial Property

Commercial PropertySome people swear on the viability of commercial real estate properties, given that more people move between towns and a new crop of professionals hit the job market. On the other hand, some people argue that commercial properties are cash intensive and offer little annual return on investment.

While the different school of thoughts exist on the subject, the sector remains a favourite investment vehicle for many Australians and for people across the world. Be it an apartment building, industrial complex or an office block, with proper management, each can be a profitable venture.

Sentinelpg.com.au shares some things you need to know when considering a commercial property.

Know Your Tax Rates

Before making a commercial investment, you should have a clear picture of the tax obligations that come with it. Although the amount varies from one state to the next and among different locations, typical stamp duties hover around 3 percent of the property’s price. Since the value of the property determines the amount of tax, make sure to have an expert carry out the evaluation.

Engage Professional Help

Property buying is a complicated process and is likely to overwhelm you as a nonprofessional and cause you to make mistakes that can ruin the entire investment. Real estate agents, lawyers and inspectors use their particular expertise to ensure that you get the best value for your money. Failing to retain professional help puts you at the mercies of crooked sellers and agents seeking to make a quick buck at your expense.

Case the Neighbourhood

Your rental investment is as good as its surrounding and local community. Local developments have a significant influence on the success of your investment. An upward surge in crime, for instance, drives the value of the properties down and lowers the occupancy level. A thorough inspection of the locality gives useful insights into future of the area. Upcoming projects such as stadiums, schools and hospital increase the value of your property and assure you of many potential tenants.

A careful consideration of crucial factors increases the chances of successfully investing in real estate.

A Competent Real Estate Agent’s Ticket to a Great Career

Real Estate Agent’s

Real Estate AgentThe real estate industry is a competitive industry that requires highly qualified professionals. Anyone who wishes to build a career in this filed should realize the need for certain skills and knowledge.

Almost every buyer and seller out there needs expert assistance to succeed in their business. This translates to regular job opportunities for qualified agents or brokers. How exactly do you become a qualified real estate professional? Check out the following information to know the requirements to become one.

Agents should have local knowledge

A home buyer can be more confident with your service if you’re familiar with the neighborhood and you have sales experience in it. It pays to know the place, by heart and mind, so you can confidently show that you’re the right broker to talk to.

Agents should be detail-oriented

Attention to detail is another important trait. You should be aware of the property’s features and history, as well as the buyers’ preferences, down to the smallest details. A good agent understands that a minor crack on the wall or a small request from the buyer to come on time during a meeting can affect the chances of closing a deal.

Agents should widen their horizons through continuing education

Continuing education is necessary to better your qualifications and eligibility for license renewal. There are some real estate continuing education courses available online. They cover topics such as housing laws, current industry trends, state-specific real estate laws, and broker responsibilities.

Agents should have excellent people skills

Communicating and transacting is a skill, but being able to speak persuasively and understand the buyer’s need is another. Keep an open mind and heart when dealing with clients. Listen to their needs and wants and be ready to present options. While it’s a business and the goal is to sell, a polite and credible service can leave a positive impression to a client. It can be your ticket to building a trustworthy image in the business and more leads from referrals.

If you think you can have all these qualifications of a competent real estate agent, you have a bright career ahead of you.