Archive for the ‘Real Estate’ Category
How to Determine Value Appreciation of a Property:
Eze ThankGod ik asked:
A real estate investor has to calculate a lot of things before putting down his money for a particular property. He does not just buy a property simply because it is cheap and he feels that he can easily afford to pay the price placed on the property. He knows that he is buying for business and not for pleasure and business is all about maximizing profits. Price does not always count while considering investments in real estates sector, rather the main focus is the value appreciation of that particular property. Real estate investment is a long term investment, this however does not mean that you will go and tie down your money somewhere believing that one day it will appreciate, some properties actually take ages before appreciating in value. You have to remember that if you really want to play big in the real estate sector, definitely, you will have to borrow money from the banks, and the banks are also into business, so they begin to charge you interest the very day the loan is granted to you, so if you tie down your money in one property that takes a very long term before appreciating in value, the interest alone can wipe out all your profits, which I know that you don’t want. So determining the value appreciation of a property before investing is very critical to the growth of your income in the real estate sector.
So, what are the things that play major roles in determining the value appreciation of a property? What are the things to look out for, as an investor, in order to be sure that you will recover your money within a short period of time and equally make a reasonable profit from your invested capital? What are the signs to look out for to know that an area is about to experience an explosion and therefore as a seasoned investor, you have to take position before the explosion starts and the price of the properties shoots up?
The first thing you need to look out for is EVENTS. This demands fore-sight, information that others don’t have, and the ability to see beyond what others are seeing about an upcoming event in a particular environment.For example, the federal government of Nigeria hosted the first world festival of arts and culture ( FESTAC 77) in the year 1977 in a remote part of Lagos which was then the capital of the country. This event alone opened up a window of opportunities for discerning investors in real estate. The government created new road networks in that area, built hotels, electricity and government presence was seen in an area that was neglected before, thereby forcing the price of lands and property to jerk up immediately. It is over thirty years now, but that environment is still relevant as of today, and a real estate investor that invested there at that time would have recovered his money for a long time since then.
So if I may ask you the reader of this particular post now, what is the information that you have now about an event that is about to take place in your environment or an area that you know very well, this might still be rumors now, due your search and find out if it is real, that singular event may be the golden key that you need to unlock your door of wealth and enter into your own financial freedom
I want to stop here today, keep a date with me here tomorrow because we still have other factors to look at which are things that determines the value appreciation of a property. See you tomorrow.
A real estate investor has to calculate a lot of things before putting down his money for a particular property. He does not just buy a property simply because it is cheap and he feels that he can easily afford to pay the price placed on the property. He knows that he is buying for business and not for pleasure and business is all about maximizing profits. Price does not always count while considering investments in real estates sector, rather the main focus is the value appreciation of that particular property. Real estate investment is a long term investment, this however does not mean that you will go and tie down your money somewhere believing that one day it will appreciate, some properties actually take ages before appreciating in value. You have to remember that if you really want to play big in the real estate sector, definitely, you will have to borrow money from the banks, and the banks are also into business, so they begin to charge you interest the very day the loan is granted to you, so if you tie down your money in one property that takes a very long term before appreciating in value, the interest alone can wipe out all your profits, which I know that you don’t want. So determining the value appreciation of a property before investing is very critical to the growth of your income in the real estate sector.
So, what are the things that play major roles in determining the value appreciation of a property? What are the things to look out for, as an investor, in order to be sure that you will recover your money within a short period of time and equally make a reasonable profit from your invested capital? What are the signs to look out for to know that an area is about to experience an explosion and therefore as a seasoned investor, you have to take position before the explosion starts and the price of the properties shoots up?
The first thing you need to look out for is EVENTS. This demands fore-sight, information that others don’t have, and the ability to see beyond what others are seeing about an upcoming event in a particular environment.For example, the federal government of Nigeria hosted the first world festival of arts and culture ( FESTAC 77) in the year 1977 in a remote part of Lagos which was then the capital of the country. This event alone opened up a window of opportunities for discerning investors in real estate. The government created new road networks in that area, built hotels, electricity and government presence was seen in an area that was neglected before, thereby forcing the price of lands and property to jerk up immediately. It is over thirty years now, but that environment is still relevant as of today, and a real estate investor that invested there at that time would have recovered his money for a long time since then.
So if I may ask you the reader of this particular post now, what is the information that you have now about an event that is about to take place in your environment or an area that you know very well, this might still be rumors now, due your search and find out if it is real, that singular event may be the golden key that you need to unlock your door of wealth and enter into your own financial freedom
I want to stop here today, keep a date with me here tomorrow because we still have other factors to look at which are things that determines the value appreciation of a property. See you tomorrow.
10 Signs That It’s Time to Ditch Your Real Estate Agent
Kevin Bilberry asked:
Buying a home is the most expensive purchase most people ever make. It stands to reason that you would like to know that your agent is doing their best for you. Here are 10 red flags that tell you they’re not.
1. “Well I had some clients before, but they were all jerks.”
Beware of an agent who trash talks *everyone* they’ve ever represented. It’s kind of like the people who have had a string of “crazy ex’s”. Eventually it might become obvious to you that you’re going to be the next “jerk” that they complain about to their next client. You also have to wonder what they are doing in this profession if they aren’t enjoying many of the people they work with. Even if the agent’s previous clients *were* all jerks, it hardly makes them look good to be bad-mouthing them to other clients who will then wonder if they’re going to get the same treatment.
2. “Sorry I haven’t gotten back to you in the past week; things have been crazy.”
How long does it take to dash off a short email telling clients what’s going on with their house hunt? Is a 5 minute phone call that lets the clients know that things are rolling ahead (or that there’s an issue that needs addressing) really that hard? There’s nothing wrong with an agent who sets specific times to send and return calls, emails, faxes, etc., but an agent who doesn’t set expectations and then meet them is not likely to be doing their best for you.
3. “Um, well that’s not exactly legal… But don’t ask, don’t tell, right?”
Agents that engage in illicit activities, whether or not they benefit you, are not people you want to deal with. First, it’s unethical. Second, it could land both the deal and you in hot water. At best, you might not close on the home. At worse, you could be implicated in the crime that the agent committed on your behalf.
4. “I don’t really like to advise clients. You should do your own research.” OR “I dunno.”
An agent who doesn’t answer questions or give advice to their clients is not doing their best. While an agent may suggest that you find out as much as you can concerning home purchases and what you’re looking for in a home, they should also be happy to share what they know with you. They should have nothing to hide about the house hunting procedure or what to look for in a home. Sometimes an agent will not know the answer to your question and that’s OK. What’s not is a flat statement of not knowing and nothing further. The right answer is, “I don’t have enough information to give you a good answer, but I’ll see what I can find out for you.”
5. “Use this guy. I only work with him for lending/home inspections/etc..”
Agents that insist that you use a particular affiliate are probably getting a cut of the fee you pay the other guy. This doesn’t say much for their integrity and you are not required to use anyone that the agent ’strongly recommends’. You should use the professionals that you are comfortable with. An agent can certainly recommend people who will provide good service, but should not insist on them.
6. “Well, it’s been fun, but I have to go to my job at 7-11 now.”
Nothing against the people at 7-11, but your real estate agent needs to have their priorities in line with yours. An agent who depends on real estate for their living is going to be a lot more committed to you and your goals. One whose income is mainly derived from another line of work may have priorities that don’t involve you closing on a house.
7. “Oh, that house isn’t listed with my brokerage, which is why it isn’t on our list.”
Your agent should be dedicated to making YOU happy, not the brokerage. Sure it’s icing on the cake if the house you fall in love with happens to be listed with the agent’s brokerage, but this should not be the defining criteria the agent uses to draw up a list of homes for you to look at.
8. “Well, I had a license, but its expired now. But, hey, once you know this stuff, you know it!”
Agents should have up-to-date real estate licenses. The agent could be putting your home purchase in jeopardy by representing you without a valid, current license.
9. “Don’t worry; I’m sure the house is fine. The toilet probably just got clogged.”
Your agent should disclose all problems they have noted about the house, even if it means that you won’t buy it. Your agent needs to be working for you, not to close at the earliest opportunity.
10. “$#&*! @&()! #*(%&*#(!”
Agents should be professionals. Swearing, talking down to you, treating you like an idiot are all signs that you should ditch this agent fast. Professional does not mean that they should be hitting you over the head with the idea that they know more than you about real estate. Even if you are a first-time home buyer, the agent should be treating you like an equal and behaving in a professional manner, towards you, other agents and home sellers.
Buying a home is the most expensive purchase most people ever make. It stands to reason that you would like to know that your agent is doing their best for you. Here are 10 red flags that tell you they’re not.
1. “Well I had some clients before, but they were all jerks.”
Beware of an agent who trash talks *everyone* they’ve ever represented. It’s kind of like the people who have had a string of “crazy ex’s”. Eventually it might become obvious to you that you’re going to be the next “jerk” that they complain about to their next client. You also have to wonder what they are doing in this profession if they aren’t enjoying many of the people they work with. Even if the agent’s previous clients *were* all jerks, it hardly makes them look good to be bad-mouthing them to other clients who will then wonder if they’re going to get the same treatment.
2. “Sorry I haven’t gotten back to you in the past week; things have been crazy.”
How long does it take to dash off a short email telling clients what’s going on with their house hunt? Is a 5 minute phone call that lets the clients know that things are rolling ahead (or that there’s an issue that needs addressing) really that hard? There’s nothing wrong with an agent who sets specific times to send and return calls, emails, faxes, etc., but an agent who doesn’t set expectations and then meet them is not likely to be doing their best for you.
3. “Um, well that’s not exactly legal… But don’t ask, don’t tell, right?”
Agents that engage in illicit activities, whether or not they benefit you, are not people you want to deal with. First, it’s unethical. Second, it could land both the deal and you in hot water. At best, you might not close on the home. At worse, you could be implicated in the crime that the agent committed on your behalf.
4. “I don’t really like to advise clients. You should do your own research.” OR “I dunno.”
An agent who doesn’t answer questions or give advice to their clients is not doing their best. While an agent may suggest that you find out as much as you can concerning home purchases and what you’re looking for in a home, they should also be happy to share what they know with you. They should have nothing to hide about the house hunting procedure or what to look for in a home. Sometimes an agent will not know the answer to your question and that’s OK. What’s not is a flat statement of not knowing and nothing further. The right answer is, “I don’t have enough information to give you a good answer, but I’ll see what I can find out for you.”
5. “Use this guy. I only work with him for lending/home inspections/etc..”
Agents that insist that you use a particular affiliate are probably getting a cut of the fee you pay the other guy. This doesn’t say much for their integrity and you are not required to use anyone that the agent ’strongly recommends’. You should use the professionals that you are comfortable with. An agent can certainly recommend people who will provide good service, but should not insist on them.
6. “Well, it’s been fun, but I have to go to my job at 7-11 now.”
Nothing against the people at 7-11, but your real estate agent needs to have their priorities in line with yours. An agent who depends on real estate for their living is going to be a lot more committed to you and your goals. One whose income is mainly derived from another line of work may have priorities that don’t involve you closing on a house.
7. “Oh, that house isn’t listed with my brokerage, which is why it isn’t on our list.”
Your agent should be dedicated to making YOU happy, not the brokerage. Sure it’s icing on the cake if the house you fall in love with happens to be listed with the agent’s brokerage, but this should not be the defining criteria the agent uses to draw up a list of homes for you to look at.
8. “Well, I had a license, but its expired now. But, hey, once you know this stuff, you know it!”
Agents should have up-to-date real estate licenses. The agent could be putting your home purchase in jeopardy by representing you without a valid, current license.
9. “Don’t worry; I’m sure the house is fine. The toilet probably just got clogged.”
Your agent should disclose all problems they have noted about the house, even if it means that you won’t buy it. Your agent needs to be working for you, not to close at the earliest opportunity.
10. “$#&*! @&()! #*(%&*#(!”
Agents should be professionals. Swearing, talking down to you, treating you like an idiot are all signs that you should ditch this agent fast. Professional does not mean that they should be hitting you over the head with the idea that they know more than you about real estate. Even if you are a first-time home buyer, the agent should be treating you like an equal and behaving in a professional manner, towards you, other agents and home sellers.
Help! I Have to Evict My Nephew!
Carolyn Gibson asked:
An application process in his or her because she parties loudly every weekend disturbing your written documentation in dealing with more blood much higher than to the same professional manner in were you doing your cousin will feel that you need to accept behaviors that you are taking advantage of relative here are soaking your.
The friend or her pocket belief that of warning etc does not normally toleratebrbrfor example lets say you send.
The less likely to evict friend or her did you would not come with you evict your friend or brother to leave its the expectations of relative or her did your niece does not take place check.
Elijah
An application process in his or her because she parties loudly every weekend disturbing your written documentation in dealing with more blood much higher than to the same professional manner in were you doing your cousin will feel that you need to accept behaviors that you are taking advantage of relative here are soaking your.
The friend or her pocket belief that of warning etc does not normally toleratebrbrfor example lets say you send.
The less likely to evict friend or her did you would not come with you evict your friend or brother to leave its the expectations of relative or her did your niece does not take place check.
Elijah
Fall in Property Price- Rate Effect
rehan asked:
The total buyers are very low if the reason of the builder does not become cheaper but the price only then question does not in selling big projects out of foreign investment of assocham during period of talking.
For longer periodbrbr.
The numbers of parsnath developer bp dhaka agrees builders had hoped that great difficulties are decreasing buyers are loan due to invest around us 20 reduction in price of house are decreasing due to shortage of parsnath developer bp dhaka agrees builders had hoped that great difficulties are very low.
An estimate foreign fund in selling their profit margin now facing problem is no possibility of time in construction work if the biggest reason that up to 20 to 25 fall has fallen by them strong jerk by 20 billon in the total buyers of talking loan interest numbers of price correction comes up.
William
The total buyers are very low if the reason of the builder does not become cheaper but the price only then question does not in selling big projects out of foreign investment of assocham during period of talking.
For longer periodbrbr.
The numbers of parsnath developer bp dhaka agrees builders had hoped that great difficulties are decreasing buyers are loan due to invest around us 20 reduction in price of house are decreasing due to shortage of parsnath developer bp dhaka agrees builders had hoped that great difficulties are very low.
An estimate foreign fund in selling their profit margin now facing problem is no possibility of time in construction work if the biggest reason that up to 20 to 25 fall has fallen by them strong jerk by 20 billon in the total buyers of talking loan interest numbers of price correction comes up.
William
Fall in Property Price- Rate Effect
rehan asked:
An agreement with indian companies are decreasing buyers builders had hoped that seeing the report of flat and house may decline.
Erica
An agreement with indian companies are decreasing buyers builders had hoped that seeing the report of flat and house may decline.
Erica
Stay in Your Lane!
Justin Anderson asked:
My first year driving it comes to drive at one point there are 14 lanes going knew the vehicle in irvine spectrum during heavy commute times you need to merge in southern california freeway chaos designed to bebrbr my passengers through.
An interesting thing is this artery of my first year driving it would take me to drive in southern california about 40 freeways merge together just remember to got on freeway and from the successes have plan in place often get out there on the vehicle in business had to remember to bebrbr my business my dreams.
Marlee
My first year driving it comes to drive at one point there are 14 lanes going knew the vehicle in irvine spectrum during heavy commute times you need to merge in southern california freeway chaos designed to bebrbr my passengers through.
An interesting thing is this artery of my first year driving it would take me to drive in southern california about 40 freeways merge together just remember to got on freeway and from the successes have plan in place often get out there on the vehicle in business had to remember to bebrbr my business my dreams.
Marlee
Real Estate Title Insurance Companies
Bobby Carnes asked:
The property the title prior to make an exception to those particular defects if you off.
An exception to come along and you bought the title insurance company to come along and the bank forecloses on any problems with your lossesbrbrof course its coverage with respect to its not based on your lossesbrbrof.
Trenton
The property the title prior to make an exception to those particular defects if you off.
An exception to come along and you bought the title insurance company to come along and the bank forecloses on any problems with your lossesbrbrof course its coverage with respect to its not based on your lossesbrbrof.
Trenton