Mr. Rajiv Bhatia, an Entrepreneur, was in dilemma whether to buy an office space or rent out or lease it. Lack of sufficient funds confused him even more as he wanted to buy a commercial property in a locality, which could have been good for his business but at the same time the property prices shouldn’t be too high. If he like a place, the prices would be too high and the place where he could afford commercial space, that place was not at a prime location and was also not suitable for his business.

There are many people who face similar dilemma, if you are running short of money, don’t panic because this is not the end of the road, you can keep other options open like renting, leasing a property which can also be a smart choice. Initially, you can opt for short term lease at the location which you think will help you in bringing more business. A short term lease can be beneficial to you as you will be flexible and you can leave early if you are not pleased. If things worked, you can renew your lease and make it long term. There are some common types of commercial property leases which are as follows:

• Gross Net Lease: In this type of agreement, the tenant only pays fixed amount of rent, which is decided between the landlord and the tenant and other expenses like insurance, taxes etc owing to the property are paid by the landlord.

• Finance lease: This type of lease agreement is long term and irrevocable. It is also called capital lease and in this type of lease, the lessee acquires the title of asset at the end of the lease. All the expenses owing to the property like maintenance cost etc are to be paid by the lessee and he can have the tax benefit from the lease. (more…)

Signs of Recovery – The Dallas real estate market is finally showing signs of recovery. Sales have sharply increased on both new construction and pre owned properties throughout Dallas, Collin, Denton, and Rockwall County. Realtors are reporting buyers are starting to jump of the fence and take advantage of great interest rates and unbelievable deals on homes in Dallas. Another factor contributing to the sudden increase in home sales and buyer confidence is the expected expiration of the home buyer tax credit at the end of November. Many 1st time home buyers are running to the table to secure their $8,000 tax credit in anticipation the program will not return. (more…)

Buying a home for the first time is a wonderful experience. This is because you feel like you really have something when you get the keys to your very own home. There is a sense of pride in the fact that you have provided your family with something that they can have for a long time, down the road. Owning your very first home is a great accomplishment. You have worked hard to get a place where you feel like you belong and can call your own. However, before you even go through the process of buying your first home, there are some things that you need to know before deciding if it is time to buy your one of your own. Here they are:

• Arm yourself with all the knowledge you can: It may take a little effort, but it is important that you be informed with as much information that you can. Real estate varies from place to place, so it may be in your best interest to call a real estate agent to get the information that you are looking for. Go ahead and ask all the questions that you need for you to be familiar with the real estate market. A little homework with your own researched facts and information will go a long way. Here are some questions you can start with. (more…)

The availability of thousands of foreclosed properties at more than half of the market prices makes for an extremely viable option for buyers who have always desired a dream home at affordable prices without compromising on their requirements. Foreclosed homes for sale are those houses for sale that are now bank owned homes or owned by other lenders because of default on payment by the previous owners and have been eventually put in the market as repossessed homes for sale. Important Tips While purchasing a foreclosed property it is very important to follow some vital guidelines in order to ensure the best and safest deal for yourself. • Specification – While looking for suitable but cheap houses, details such as the location, space, number of rooms, price and other such factors should be paid close attention to before deciding on a property. • Property status and location – While searching for a suitable property it is very important to gather all the vital information about the nature and the status of the properties as well as the neighborhood and the surrounding utilities and infrastructure available. • Inspection – Make a thorough ground examination of the property before taking a final decision. In case you have come upon one of the several fixer upper homes for sale you can ask for a good discount in order to cover for the renovation costs involved. How to search • Online listings – Various websites offer information on repossessed houses for sale through government foreclosures, bank owned property listing and a large number of cheap homes for sale by realtors and mortgage companies that have been foreclosed thereby giving you a wide range of options. • County offices – Visiting the local county offices as well as going through the public records will also provide you with genuine and the latest information on foreclosed properties available in the region of your interest. • Classifieds – Apart from the internet the classifieds are also a good source for searching bank owned foreclosures which offer very cheap houses for sale through pre-foreclosures and short sales as well. • Foreclosures auctions – They are also a good platform for finding great bargains but here time becomes an important factor and it is vital that you have the latest information and stay constantly updated on the venue and date of the auction.

The availability of thousands of foreclosed properties at more than half of the market prices makes for an extremely viable option for buyers who have always desired a dream home at affordable prices without compromising on their requirements. Foreclosed homes for sale are those houses for sale that are now bank owned homes or owned by other lenders because of default on payment by the previous owners and have been eventually put in the market as repossessed homes for sale. (more…)

Oko Oba is one of the densely populated neighbourhoods of Lagos. It is located in Agege Local Government Area of the state. The area is famous for it’s commercial viability and today has some of the well known consumer retail markets in Lagos. One of such markets is the Abbatoir Slaughter Market in the heart of the town.

Before Nigeria’s return to democracy in 1999, Oko obna was predominantly a neighbourhood for the low income group with the spectre of multi-tenant buildings spread across the area with only minimal compliance to planning regulations. However, the Lagos State Government, under Bola Ahmed Tinubu, the erstwhile State Governor, has since changed the face of the area. (more…)