Archive for April, 2009

how to advertise for your property

Thursday, April 30th, 2009

How to Advertise for Your Property

Writen by Alex Tonel

Now as you have decided to sell your property the point arises, how to advertise for your property so as to get the right response for it? To give an ad in any of the news letter is very simple but before that we must understand that what components should a good ad be made of? What should be the basic structure for it? What information is to be included? What information is to be excluded?

The basic mistake people make while advertising for their property is that they try and include every possible information about their property as if the property is to be sold solely on the basis of this ad. But such ad will lead to drop the ad response, as it is unable to hold the attention of the person reading it. As it seems that providing more information in the ad the lesser would be the response to it. It is not so that you should not provide any information but then it should be chosen carefully. As ad is to grab attention and give u results in the form of visitors approaching you. It is not possible for the reader to approach each and every listed home in the newspaper, definitely they are eliminating some of them. You are not suppose to be amongst eliminated one’s. You don’t have to give them any such chance.

There are certain factors to be considered while making an ad for your property i.e. it should grab reader’s attention, should be able to pull their interest, create a desire and compel them to take an action. Now let us see these factors on an individual basis:

To grab attention of a particular individual looking for such ad you need to make them feel that this ad relates their search. The simplest way to do this is start your ad with mentioning the name of the city or place your home is in. It’s very simple. If anyone desires a place at such location will start reading your ad.

Now since grabbing the attention is not all you need to capture their interest too. The best way to it is to provide some of the financial information as people are very much interested in this information, but in most of the ads it is rarely mentioned to them. Now for giving this information you can contact any of the bank or loan officers and ask them for an estimate for your property. They can surely provide you with a figure you can quote in your ad.

You can also mention the mode of payment you would prefer. Now to create some big desire you can continue giving some positive terms like fenced back yard, fireplace such terms makes a person feel good while reading your ad.

Now what exactly do u want the reader to do? Certainly you want then to take some action. Now to make that happen you need to provide them with some contact information. You can give then the option for calling you e mailing you or if you have a website they be given with the URL of your site. The major responses come generally by providing them with the telephone number as its makes the interaction easy for the reader.

So now you know what to do when you are to give an ad for your property.

Alex Tonel is editor of http://www.realmortgagedir.co.uk and http://www.realeducationdir.co.uk

an excellent time to buy your next dream home

Thursday, April 30th, 2009

An Excellent Time to Buy Your Next Dream Home

Writen by Reg Gustin

Many potential home owners have become a little gun shy. The last few years has produced record breaking real estate appreciation throughout the United States, but especially in Phoenix. Phoenix has been one of the hottest markets for real estate, with home prices doubling in twelve months. The market was so hot, many home buyers were making deals after touring the property once, many were making offers from the car in front of the property, and bidding wars were common.

In this kind of market place, many buyers decided they simply couldn’t compete. It was a huge disappointment, a feeling of missed opportunity – that these prospective buyers would never get a chance to own their own home.

Fortunately, the market has changed in a few short months. Now prospective buyers can take a deep breath and finally get into that home they’ve been dreaming of. The market is cooling off a bit, and some of the frenzy that has been surrounding real estate is beginning to subside.

The demand for entry level homes hasn’t declined. Many buyers are looking for a chance to get into the real estate market, but simply can’t afford the price of some of the larger or newer homes. With a starter home, they can begin building their equity.

This presents a great opportunity for home owners that want to move up to their next home. The good news is that the increased appreciation pushed entry level or starter homes up in value. While the housing market has stabilized, those entry level homes haven’t declined, and are providing their owners with considerable equity.

This equity can, in turn, be applied to the move up house. Because prices have stabilized throughout the Phoenix area, owners looking for the “next step” home can apply their equity to a selection of attractive homes. Best of all, these buyers are in a unique bargaining position to get the most home for their money.

There’s never been a better time to purchase a move up property in Phoenix. Interest rates are edging up slightly, but still at a very low rate over all. The inventory of homes is at an all time high, and prices are stable. It truly is a buyers market.

Don’t put off your opportunity to get into your next new home. You can begin building equity and building your wealth at the same time. Real estate is one of the truest ways to build wealth and great investment potential.

Reg Gustin is a senior loan officer with Sun American Mortgage and specializes in helping families and their financial lending needs.

Get a FREE mortgage rate quote from a reputable Arizona mortgage company at Central Arizona Homes.

Search the Arizona MLS at Central Arizona Homes

Click here and get a FREE copy of The Greater Phoenix Area Housing Appreciation Report, as compiled by Arizona State University with your free subscription to his monthly ezine, MARKET NEWS.

finding the right renovation project

Thursday, April 30th, 2009

Finding The Right Renovation Project

Writen by Susy Copus

Renovating property is popular and can be very rewarding. However, be sure to find the right property, otherwise you could end up with a money sponge, stress and a major problem on your hands. Follow our tips to help you in your property purchase.

When looking at property be super alert for any major problems. It will be obvious to see a kitchen or bathroom that needs updating, or the wallpaper and carpets are dated. But be sure to look for signs of dampness, woodworm in the roof cavity and any signs of subsidence. Check how long the property has been on the market there will probably be a good reason why a property hasn’t sold. Ask the estate agent about the current owner and try and gleam as much history about the house as you can.

Having found a house you are interested in, take tradesmen to the property. They will often visit for free and may be able to give a quote for the work that needs doing. With the quotes in hand you may be able to negotiate a cheaper purchase price.

When budgeting for the work be realistic. Often the actual costs can escalate so you must allow a margin for unforeseen problems – anything from 15-50% of your current budget.

You need to look at the big and the detailed picture together. You will know whether you want to knock down or build walls, extend or build a new roof. You also need to be meticulous in the detail even at the planning stage. Know where the power points are going to go, where the extractor fan will vent outside to, what sort of shower do you want, where are the radiators going, what size of radiators do you want, what size of towel rails do you want, etc. The list may seem endless but if you plan in detail before the work commences you will get the result you want and be within your budget. The tradesmen will need to know exactly what you want and you need to be prepared.

Remember you are ultimately in charge of the project and it is your money you are investing. You must feel comfortable with your tradesmen and confident in their abilities. You must get a number of quotes for the same job, not only for the financial quote but to meet the tradesmen and judge whether you will be able to work with him.

If you are living in the property whilst doing work on it, be prepared for living on a building site. Most projects take longer than anticipated so again, careful planning is imperative. You will need to be flexible and be able to adapt to changes in your plans.

If you are in control of the work, the budget and can keep hold of your vision then renovating can be hugely rewarding. On the completion of your project you can say goodbye to the tradesmen and enjoy your dream home. Or if renovating for profit, you can reinvest in your next project.

The key is to plan, prepare and at all times, keep hold of your vision.

Susy Copus is a property commentator with a particular interest in properties to renovate, modernise and update. To view properties for updating and renovation go to Renovate Alerts.

preparing the property for tenants in england

Thursday, April 30th, 2009

Preparing the Property for Tenants in England

Writen by Adil Akkus

UNFURNISED OR FURNISHED?

This is one of the most widely asked questions, and there is no right or wrong answer. Safety is now an import question and you (or your letting agent) must ensure that your soft furnishings meet the current standards.

You now get the same legal protection when your property is furnished or unfurnished. Furnished properties used to get higher rents but in today there is not much difference, though smaller properties are often let more quickly when furnished.

PREPARING TO LET UNFURNISHED PROPERTIES

The property should be professionally cleaned throughout; including carpets and curtains in all rooms. A property can never be too clean at commencement as this is how the tenant will have to hand back the property at termination.

The kitchen should include a cooker, a fridge/freezer, a washing machine and a dishwasher (optional). The remainder of the property can be entirely unfurnished with the exception of carpets, curtains/blinds and light fittings.

PREPARING TO LET FURNISHED PROPERTIES

A fully furnished property should be ready for immediate occupation without the tenant providing anything but their personal belongings (with the exception of TV/video, Hi Fi) and should include the following:

Kitchen:

Cooker

Fridge/Freezer

Washing Machine/Dryer

Dishwasher (optional)

Microwave (optional)

Electric Kettle and Toaster

Set of Saucepans and Frying Pan

Matching dinner dervice

Cutlery and ditchen utensils

Selection of bakeware

Iron and ironing board

Vacuum cleaner

Broom

Dustpan and brush

Mop and bucket

Lounge:

Three piece suite

Coffee table

Table lamps

TV unit/stand

Bedrooms: (Each bedroom should have)

Bed and mattress in good condition

Mattress covers

New pillows and duvet

Wardrobes

Dressing table and stool/Chest of drawers

Bedside table and lamp

Dining Room:

Dining table with chairs (suitable for size of property)

Sideboard or equivalent

Placemats

Bathroom:

Bathroom cabinet

Electric shower (optional but preferable)

Shower curtain (if applicable)

Mirror

Bath and pedestal mat

Garden: (Should be left in a manageable, ’seasonal’ order)

Dustbin

Lawn mover

Gardening tools

Hosepipe

Garage: Should be left empty with keys

It is important that furnishings, fittings and d

when sally dumped harry

Wednesday, April 29th, 2009

When Sally Dumped Harry

Writen by Luigi Frascati

When Harry met Sally and they decided to purchase real estate, a variety of things could have happened as they relate to how title to the property could be held at any given time. This is so because whenever an interest in land is owned by more than one person, a concurrent estate or co tenancy is created. The parties to the concurrent estate are referred to as co tenants, or as joint tenants, or as tenants in common depending on the type of concurrent estate that is created. Common Law, in fact, recognizes three types of concurrent estates as follows:

[ ] tenancy in common;

[ ] joint tenancy with right of survivorship;

[ ] tenancy by the entirety.

[ ] Tenancy in common

Tenancy in common is the default form of concurrent estate and is entirely based at Common Law on one and only one principle, referred to as ‘unity’: the unity of possession. In this form of ownership each owner is regarded as owning separate and distinct shares of title, which may differ in size. Thus, Harry could own sixty percent of the title and Sally forty percent, or the other way around, depending upon how their respective contribution towards the purchase was configured. In a tenancy in common, furthermore, there is no right of survivorship. This means that in the eventuality that Harry passed away – say while hunting for quails in South Texas, for example his share of the tenancy would transfer by inheritance to his heirs and would not go automatically to Sally. Which, of course, would be problematic for Sally if Harry had decided to leave his share of ownership to his long time drinking pal Felipe, since history would have to be rewritten as in “When Sally met Felipe”.

A tenancy in common may be terminated when anyone of the following occurrences takes place:

[ ] by an agreement between the parties to sell one tenant’s interest to the other;

[ ] by an agreement between the parties to sell the whole interest to a third party;

[ ] by an order awarded by a Court to divide up a concurrent estate into separate portions representing the proportionate interests of the tenants. To this extent, there are two kinds of partition which can be awarded by Court: partition in kind and partition by sale. A partition in kind is a division of the property itself, whereas partition by sale constitutes a forced sale of the land, followed by division of the profits thus realized among the tenants.

It is important to know, moreover, that an original tenancy in common is not terminated merely because one party chooses to sell his/her own interest. The purchaser will simply become the new tenant in common.

[ ] Joint Tenancy

In a joint tenancy, both Harry and Sally would own an undivided interest in the whole of the property. As such, the essential feature of this type of ownership is the right of survivorship, that is when one tenant dies his share passes automatically to the remaining joint tenants. Contrary to the belief of some, there can be more than two joint tenants with each owning an undivided interest in the joint tenancy. Because of the right of survivorship, Harry could not leave his interest to anyone else in his will. Such being the case, upon his death as a direct consequence of the foresaid quail hunting accident in South Texas, Sally would acquire automatically the whole of the interest in the estate.

At Common Law, four unities must be present and be maintained to create a joint tenancy:

[ ] unity of possession – this means that both tenants must have the right to possess the whole property. If one owner can prove that he or she has been improperly excluded from the property by the other, the joint tenancy will be invalidated.

[ ] unity of interest – all joint tenants must have the same type of interest in land, and the extent, nature and duration of such interest must be identical. For instance, Harry cannot have a fee simple and Sally a life estate, and this is so because in order for them to transfer possession of the estate both must sign the same agreement, so that the type of estate must be the same.

[ ] unity of title – all joint tenants must obtain their interest from the same document, like a will or a deed.

[ ] unity of time – all joint tenants must receive their interest at the same time.

Because of the fact that the right of survivorship could create unfairness, the law will recognize a joint tenancy only if it has been created expressly. If a document transfers title to two co owners without specifying how title is to be held, the law will presume that they are tenants in common even if the four unities are present.

Moreover, the termination of any of the foregoing unities will result in the law implying that the joint tenancy has been severed. When this happens, it becomes a tenancy in common. Severance usually occurs in one of two ways: by the sale or mortgage of a joint tenant’s interest or by a Court order. The sale, mortgage or attachment of one joint tenant’s interest will create a tenancy in common, but only as far as that person is concerned.

For example, if Harry, Sally and Aunt Trudy are joint tenants and Aunt Trudy sells her interest, Harry and Sally remain, as between themselves, joint tenants of two thirds of the property but they become tenants in common with the new co owner of the one third interest. Many people do not realize that under the law a joint tenant may freely sell, mortgage or lease his interest just like a tenant in common would, without requiring the consent or knowledge of the remaining co owners. If Harry were to do so, therefore, he would sever the joint tenancy even though Sally was unaware of it – an excellent reason for Sally to dump him for good.

[ ] Tenancy by the entirety

Tenancy by the entirety is a type of concurrent estate available only to married couples, wherein ownership of the property is treated as though the husband and wife are a single legal person. Like a joint tenancy, the tenancy by the entirety also encompasses a right of survivorship, so if Harry dies the entire interest in the property passes to Sally without going through probate. In order for a tenancy by the entirety to be created, the party or parties seeking to create it must specify in the deed that the property is being conveyed to the couple “as tenants by the entirety”.

Also, the parties must share the four unities necessary to create a joint tenancy plus a fifth unity, marriage. However, unlike a joint tenancy, neither party in a tenancy by the entirety has a unilateral right to sever the tenancy by the entirety if it is to be undone, or if any part of the property is to be conveyed to another person, this must be carried out by both husband and wife. A divorce breaks the unity of marriage, leaving the default tenancy – a tenancy in common. Therefore, should Sally decide to dump Harry, title would be held as a tenancy in common.

Luigi Frascati

Luigi Frascati is a Real Estate Agent based in Vancouver, British Columbia. He holds a Bachelor Degree in Economics and maintains a weblog entitled the Real Estate Chronicle at http://wwwrealestatechronicle.blogspot.com where you can find the full collection of his articles. Luigi is associated with the Sutton Group, the largest real estate organization in Canada, and is based with Sutton Centre Realty in Burnaby, BC.

Luigi is very proud to be an EzineArticles Platinum Expert Author. Your rating at the footer of this Article is very much appreciated. Thank you.

town homes and condominiums good alternative housing or are they

Wednesday, April 29th, 2009

Town Homes and Condominiums: Good Alternative Housing – Or, Are They?

Writen by Richard Carter

In the last few years, there’s been a noticeable migration by homebuilders and developers to rapidly build out our communities with more and more town homes and condominiums. In many cities, this trend has been on a massive scale. The reasons for this shift are obvious:

To meet the needs for less expensive housing,

To provide builders with a way to provide less expensive construction,

To allow cities to better meet their required housing availabilities and allocations.

Part of what’s fueling this new development is the costs and economics of construction. Being able to put many, more sellable houses on a small ‘footprint’ of land can greatly affect costs. In addition, the perceived price points entry level, first time purchasers will be able to pay, also plays a very large part in deciding what models and types of dwellings builders choose to build. However, are those the only considerations that should be taken into account?

One of the most important issues of these styles of homes, and the one that is most likely to be overlooked, is the fact that town home and condominium living are considered to be ‘high density’ living.

High density living is commonly associated with apartment living. Put another way, it is another case of having a large number of people living in a smaller, more contained space. It is also known by such terms or phrases as multi family housing, or close proximity housing.

However you label it, it’s always a case of putting a lot of people in a small area. When that happens, all the effects of each and every one of those people are more easily sensed by the others in that environment. In other words, your quality of living has just taken a comparative ‘hit’ before you even move in!

Now, this ‘feature’ – the social effects of high density housing – is not new. As the attractive internal attributes of your individual space – the shiny fixtures and the new crystal clear glass and the polished woodwork – become dull, fogged, and permanently nicked and scarred with time, the effects of how we live with each other will continue to grow in importance, and more importantly, how it influences our individual lives.

In the most recent and ubiquitous growth or these revived common interest ownership homes, I seriously question whether many developers and city planners have taken into account the already existing and known problems that accompany high density living. Having lived in such forms of accommodations decades ago and learning the lessons then, I am still seeing a number of occasions where the newly finished town home and condominium communities have not changed or improved in how they will resolve those issues of high density living.

This issue is, in fact, an age old issue. It is one we have faced for decades in the form of urban crowding, blighted neighborhoods, and the more crime prone areas of our inner cities. From those historic lessons learned, we have already become knowledgeable that the more space a person or a family has in their living arrangements, the more privacy they can claim. The more privacy they can reserve, the more enjoyable their environment. Moreover, the more enjoyable their environment, the more value that property has become; especially over time, as that property and the neighborhood and community around it age.

Inversely, we have also discovered that high density housing, without certain and specific management requirements and services, can create terrible results in housing alternatives. Questions as to:

How much play or recreational space should be allotted for children? Should it be on a child density basis, or a limited basis?

What is provided for each age bracket of child?

How are pet stations planned for; or are they?

How are we dealing with being able to discover covert activities (such as meth amphetamine making) BEFORE they ruin a building?

How is safety addressed on internal (and therefore private) roads and streets?

Are auxiliary owner parking areas provided (to allow for trailers, boats, snowmobiles, and the like); and how will they be enclosed so as to not detract from the appearance of the property, or the community?

With the growing numbers of these town home and condominium communities, what steps are being taken to make sure the needed care, management, ownership knowledge and community services are being provided for? Or, is it a matter of all these newly constructed projects simply sprouting up like weeds in a prairie field, with only the focus on marketing, sales, and taxation being considered important or worthwhile?

Specifically, are recreational facilities being planned and built in accompaniment to the homes? Are the needed schools being sponsored and built to keep up with the accelerated population that high density brings with it? Who’s going to keep peace in these condensed and tightly packed communities? And, by what specific rules? And what is to be considered timely enforcement? Most importantly, do the new homeowners know about all this BEFORE they spend their hard earned money on a down payment?

It goes without saying, many town home and/or condominium complexes (or associations, as they are known), function quite well. They are marvelously managed, the residents understand the form of ownership and the lifestyle, and the price points of the properties dictate well educated, refined populations who appreciate the finer things in life. More so than not, these are complexes of the upper price points, populated by those of accomplishment, and in urban environments. That said, there are a great many common interest ownership properties that aren’t doing so well; and the residents are paying the bill in the form of disruptive neighborhoods, unkempt properties, and non responsive management agents and city officials. It is this portion of the town home and condominium market that is growing, and is of mounting importance to every municipality that has such within its city limits. For not only do the residents of these complexes face unnecessary and very negative effects of the inherent problems, but those cities, townships and even counties will be seeing increased costs due to the unaddressed issues which, with time, will be sure to manifest themselves in various social issues and higher costs. These issues are already showing up in the form of increased costs in law enforcement, non compliant and non complimentary zoning issues, and inadequate day to day services due the shear growth in numbers of citizenry due to the nature of high density housing.

I strongly believe there is a second shoe ready to fall with regard to a number of these most recent and rapidly growing complexes. In those municipalities that have allowed the rabbit like growth of town home and condominium construction within their communities, I fear that what originally looked like reasonable and acceptable housing development, will in experience, become the lesser attractive parts of their communities; and therein, the more expensive to administrate. To wit, we are now beginning to see a few municipalities that are beginning to limit or redefine the conditions under which such construction can proceed.

For some of us, we have already had the opportunity to see what managed high density housing can develop into. Those lessons where learned in places like Cabrini Green, Dearborn Homes, and other urban high density, irresponsibly managed, yet well intended experiences.

Don’t think it can happen today? It already is in some places.

We can do better.

That is the goal we should have. We truly need to bring our experience and that gained knowledge forward; incorporating it into these new developments, as compared to simply allowing them to flourish with limit goals intended. Please join us in this responsibility to our communities, to ourselves.

Richard Carter is the author of Town Homes and Condominiums: Little Known Facts and Hidden Traps, a resource designed to enlighten and empower anyone who lives in – or is planning to live in – a town home or condominium community. For more information and to participate in a discussion forum, visit Mr. Carter’s website at: http://www.thcbook.com

property investing secrets 5

Wednesday, April 29th, 2009

Property Investing Secrets 5

Writen by Rick Otton

Property Investing Secrets:

How To Work With Agents And Get What You Want

When you’re property investing, it is important to know how to connect with real estate agents. Here are some techniques you can use when you are out there pressing the flesh. I believe it is important to connect with agents at lease once in person when you’re property investing.

I’ve found that when you walk into a real estate agents office and say “I’m looking for a bargain.” that’s a big mistake. When you’re property investing, the minute a real estate agent hears that you want a bargain; they size you up and think this person isn’t serious they’re a flake. Keep this is in mind, to a real estate agent there is no such thing as a bargain. But it is possibile to buy at a wholesale price. If you’re going to form a relationship with an agent they have to know you’re serious because these agents get hundreds and hundreds of buyers every month or every 6 months, depending how busy they are, coming into their office. Thus real estate agents must know how to size up buyers. They know how to qualify buyers without the buyers even realizing they’re being qualified! Real estate agents question buyers and the answers they hear tell them how serious the buyers are about purchasing.

When you’re out property investing, here are some common questions a real estate agent will ask: “Hello Mr. and Mrs. Buyer, are you buying, selling or looking?” And if they say, “Oh, we’re just looking.” The agent will ask, “How many properties have you looked at so far?” The buyers may respond that they’ve looked at a couple of properties. The agent will ask if they made an offer on any of the properties they’ve looked at. If the buyers answer no, the agent will inquire why not? This line of questioning just rolls off the agent’s tongue. The buyers get bamboozled. They don’t even know that they’re being qualified. And if the agent decides the buyer is too difficult, they will put them into the “too hard basket”.

It is important to note that an agent has one commodity to sell and that is not houses but their time. I discovered this early while property investing. If a real estate agent has only 8 or 9 hours in the day, they want to get the best return on their time. So it is up to the investor to make it easy for the agent to make their money. Of course an agent will say they work for the seller, but the agents also have wives and kids sitting at home to feed. While the agent may say they’re working for the seller, quite often they’re working for themselves and you have to harness the agent’s desire to make a sale and use it for yourself to get not steal but secure a discount to purchase the property.

Rick Otton is the director of We Buy Houses Pty Ltd. He has been property investing full time for 14 years. Rick has completed over 351 property transactions in Australia and the United States.

Rick specialises in creating positive cash flow through a variety of strategies he perfected in the United States and adapted to Australian conditions. He sells home study courses on vendor finance, one year mentoring program as well as a yearly 3 day boot camp on the Gold Coast. Go to http://www.rickotton.com for more property investing information ring 1800 003 588 in Australia.

tips on finding a trustworthy realtor

Wednesday, April 29th, 2009

Tips on Finding a Trustworthy Realtor

Writen by G Beaty

When buying a new home, chances are very good that you are going to choose a realtor to help you with your home buying needs. With many realtors out there, finding one you can trust may seem to be a daunting task. Especially if you’ve never hired a realtor before, or if you’ve ever had one whom you couldn’t trust, choosing a good realtor may be extremely difficult, if next to impossible, to accomplish. So how do you find one whom you can trust, and one who will simplify your home buying experience? Here are a few tips to help you find the right realtor.

Conduct Interviews

It’s not enough to open the yellow pages and scan the listings of realtors there. Ideally, going to the realtor’s office is the best option, but you may not have the time to do this. Chances are there will be too many realtors for you to go visit, so you may choose to conduct an interview on the phone. Be prepared with a list of questions to ask, and expect frank and honest answers. It won’t take long for you to find out during the conversation whether the realtor is honest, or if they are simply a salesperson who evades your questions by giving you pat answers, or fluff.

Ask for References

A good realtor will be happy to give you the names of satisfied customers, in order to back up how trustworthy they will be for you. Sometimes, many people will find realtors on word of mouth alone. Happy customers will be delighted to talk to you about your potential realtor, and many times, this will arm you with the best information about the realtor you are considering.

Talk to the Broker In some cases, talking opening with the broker about your realtor’s performance may give you clues as to how trustworthy your realtor might be. This may not always give you the best information, as the broker certainly wants your business in the same way the realtor does, but a broker who is willing to talk with you as a potential client may help you determine whether the company the realtor works for will be behind you all the way.

Look for Communication Skills

There is nothing more frustrating than a realtor who does not listen to your needs. If you tell the realtor that your maximum price you would pay for a home is $200,000, and the realtor continually shows you homes outside of your price range, chances are very good that your realtor isn’t concerned about your needs or what you can actually afford, but is more interested in how much commission they may earn off of your business with them. A realtor should remember how many children you have, and how many bedrooms you need, for example; and if you need an office, show you homes with ideal office space; if you have a dog, then the realtor should remember to find homes for you with a fenced in back yard, for instance. You should never have to continually remind your realtor what your needs are; if you are constantly reiterating your needs, then it could be indicative of your realtor either having too many clients, or not really interested in what your needs really are.

Express Your Needs

A realtor isn’t a mind reader, and it really is up to you to make sure your realtor knows exactly what you are looking for. If you are not sure what you are looking for, then it is in your best interest to find a realtor truly interested in narrowing down what you want. Ask questions. If you don’t know whether a school district in a particular area is a good one, for example, and you don’t have children, then it is the realtor’s job to help you understand that even though you might not be concerned about schools right now, there is a possibility in the future that it will be an issue. And while you cannot expect your realtor to read your mind, a good, trustworthy realtor can still anticipate your needs.

Above and Beyond the Call of Duty

Some realtors only perform the minimum tasks in order to help you find a home. A good, trustworthy realtor will go above and beyond the minimal duties. Do you need help finding a loan officer? Will your realtor locate one for you? Will your realtor be present at closing time in case you have any last minute questions? Will your realtor hand deliver the title to the court on the same day you close? Will your realtor investigate any issues you may have with the home you want to purchase, like will real estate taxes be included in your price, or will the appliances be included in the home purchase, or is the seller going to provide a home warranty? Some things may not occur to you now as a home buyer, but it should be in your realtor’s best interest to make sure they investigate any possible issues that may come up during the course of the negotiations.

The key to finding a trustworthy realtor is to ask questions, no matter how silly they might be to you. They should be familiar with school districts, utility company policies, which cable company is available to you, and other things that are not necessarily part of your home purchase, but it is these little things that make a realtor extraordinary, and one that you can trust to help you find the perfect home.

G Beaty is a homebuilder and real estate broker for over 25 years. For free information on new home construction visit a Palm Coast Realtor.

www.favoriteproperties.com

developing-your-estate-plan

Tuesday, April 28th, 2009

Developing Your Estate Plan

Writen by David Grimaldi

You’ve spent years growing your wealth and building your estate, so it is just good sense to plan to protect your assets and pass them on to your beneficiaries according to your wishes. When you’re ready to sit down and develop an estate plan, keep these tips in mind. Write a will. If you do not have a will when you die, the law of your state may then determine what happens to your estate, your assets and any minor children. In addition, even if you have a Will, the estate administration process, usually governed by probate court, can be slow, sometimes expensive and open to the public.

Fund a living trust. Follow through if you set up a living trust. Until you transfer ownership of property or assets to it, the trust is not worth any more to you or your beneficiaries than the paper it’s printed on. Unfortunately, many revocable living trusts are set up but are never funded.

Re-title “JTWROS” property. Joint-Tenancy-With-Right of Survivorship titling of assets may reduce flexibility in estate planning. Although probate is avoided at the first joint owner’s death, estate-tax saving opportunities may be limited. Use both spouses’ estate exemption amount. Leaving all property and assets to a spouse may avoid estate taxes at the death of the first spouse, but it wastes the estate tax credit of the “first-to-die.” A credit shelter trust can allow each spouse’s estate exemption amount to be utilized, thus sheltering more assets from estate tax liabilities.

Re-title ownership of life insurance policies. Most life insurance policies are owned by the insured, causing the policy’s face amount to be included in that person’s estate at his or her death. Policy owners may consider giving policies directly to the beneficiary or transferring the policies to an irrevocable life insurance trust. Either strategy could help reduce estate taxes.

Choose an appropriate executor. Naming an inexperienced family member as executor could complicate the demanding task of settling your estate. This is especially true because the time following a death is often emotionally difficult.

You might want to look into the benefits of naming a trust company or other corporate fiduciary as your executor. Organize your paperwork and files. If you do not provide your executors and beneficiaries with all the paperwork or files pertaining to your property, assets and wishes, improper distribution and management of your estate may result.

Update your estate plan. Updating your estate plan from time to time is important so that it is implemented exactly according to your wishes. You will want to update your estate plan when there are changes in your family (births, marriages, divorces, deaths, etc.), when the value of your estate significantly increases or decreases, when tax laws change, if you move to another state or if your business or career changes. Be sure to consult your tax and legal advisors before making any tax-related or legally related decisions. And during the estate planning process, don’t forget to involve your financial advisor in investment-related issues.

For More Information If you’d like to learn more about Developing an Estate Plan, please call (866)651-8625.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ These materials are provided free of charge for general informational and educational purposes to our brokerage clients. These materials do not take into account your personal circumstances and we do not represent that this information is complete or applicable to your situation. We may change these materials at any time in the future without notice to you. We are not providing you with investment, tax or legal advice. You should consult your own tax, legal, investment or other advisors to determine whether the analyses in these materials apply to your specific circumstances. Particular legal, accounting and tax restrictions applicable to you, margin requirements and transaction costs may significantly affect the structures discussed, and we do not represent that results indicated will be achieved. We are not offering to buy or sell any financial instrument or inviting you to participate in any trading strategy. Investments and services are offered through Morgan Stanley DW Inc., member SIPC.

Morgan Stanley
Financial Advisor

David Grimaldi
Morgan Stanley
Financial Advisor
Madison Avenue Location
(866)651-8625

west virginia real estate

Tuesday, April 28th, 2009

West Virginia Real Estate

Writen by Damian Sofsian

If you are thinking of living in West Virginia either for a long time or for good, finding a home may be one of your chief concerns. Here is some information about West Virginia and West Virginia real estate, which you may find useful.

First off, real estate and real property are synonymous terms and are sometimes simply referred to as realty. Real estate or real property is defined as an immovable property that includes the land, the building on the land and all things that permanently come with the land and the building.

West Virginia 101

The largely mountainous state of West Virginia lies at the heart of the Appalachian Mountains. Most West Virginians live along the rivers of Kanawha, Monongahela and Ohio, which are West Virginia’s most industrialized areas, while only a few live in the north central region and along the edges of Alleghenies.

West Virginia ranks 37th among the states in the US in terms of number of residents. Kanawha County, its mostly populated county, only has 195,218 residents51,685 of them are in the city of Charleston, the largest city of Kanawha and the capital of West Virginia. Other cities with more than 20,000 residents are Huntington, Wheeling and Weirton, Fairmont, Morgantown and Parkersburg.

As of 2003, West Virginia ranked 48th among the 50 states in terms of economy. Its median household income is only $31,008, the lowest in the United States. However, in spite of this, many tourists come to West Virginia and many decide to work and live here.

The state is best known for its coal production, which covers 15 percent of the total coal production of the United States. Other major industries in West Virginia include mining, steel, glass, wood, chemical, and food manufacturing industries.

Workers from other states as well as other countries who specialize in these industries comprise the largest number of foreigners who have settled in West Virginia and have eventually acquires properties here. They are Germans, Italians, Scottish, Irish, English and Arabs.

Houses and Residents in Charleston

Recent statistics show that there are 27,084 houses in Charleston. A total of 24,473 houses are presently occupied14,186 of these are resided in by the owners themselves, while the rest are being rented. Houses are sold at around $89,000 or higher, depending on the size of the house or the land area.

Majority of the houses occupied by the owners fall under the $100,000 to $150,000 price range, while owner occupied houses are sold from $750,000 or even more than $1,000,000.

A total of 16,940 houses were built before 1950; 6,697 from 1960 to 1979; 2,704 from 1980 till the mid 90s; and 743 from mid 90s till 2000.

West Virginia provides detailed information on West Virginia, West Virginia Real Estate, Charleston, WV, West Virginia Map and more. West Virginia is affiliated with Wyoming Travels.