There are some investors who use their gut feeling when choosing the right property to invest. We are all aware that there are plenty of Miami luxury condos that are available for sale. And choosing the right one using your instinct is not a good idea because there will be a greater chance of picking the wrong condo.

It is good to consider your instinct but keep in mind that you have to make sure that it is supported with the right specifications that you need. If you think that it is the right one to invest, then it is not right to buy it right there and then. It is important that you have to do your part. You have to do some inspections and check out every single parts of the condo. Choosing the wrong condo will make you feel regret in the future and of course you do not want this thing to happen especially if you invest with your hard earned money. (more…)

A successful multifamily investment is predicated on effective comprehensive due diligence. Due diligence based on lenders requirements is the start not the end. The lender will likely require:

• A property condition report (PCR),
• A Phase I environmental report,
• A title search,
• A UCC Lien search,
• An Operating Agreement,
• EIN Certification,
• A Management Agreement,
• Resumes for contractors,
• Bios for the principals, and
• An Appraisal

The cost of preparing these items can range from as little as $25,000 to multiples of this amount for a given property. (more…)

After the government announced lower interest rates on home loans, a lot of buyers are once again hoping to buy their dream home. According to a report Finance Minister Mr. Pranab Mukherjee, 1% subsidy will be given to the people who will be buying houses for not more than Rs.20 Lakhs and this subsidy will be given for the first year on Rs.10 Lakhs only. However, this scheme may not be much beneficial to many people but still middle and lower income group can benefit from it. Still, it is not clear that this scheme will be available with lower interest rates schemes or it is applicable with other house loan packages

With schemes being provided on low priced houses, there has been an increase in the demand for such units as till now builders were focusing on luxury apartments in price range on 50 Lakhs or above. But after the slowdown, property market has shrunk and now builders are focusing more on mid budget apartments in the range of 30-50 lakhs or lower budget apartments in the range of 15-25 lakhs.Even though it is difficult to find such low price houses in Delhi/NCR or even Tier-II cities, builders and developers are coming up with many new affordable housing projects to push property transactions.

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It is often very dangerous to make blanket statements that apply to large geographical areas. The 2007-2009 period, however, can be said to have been a brutal one for the real estate market in general. This might create a property tax readjustment for those who are clever.

Property taxes are used to fund most local financial needs. This includes city or county governments, the police, firemen and so on. Most of the costs are noble, but there is little denying that property tax rates have become incredibly burdensome to homeowners in most of the country. As rates rise, you and your neighbors undoubtedly grumble more and more about paying them. (more…)

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…)

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…)

History isn’t always repeated, but when it comes to real estate investing, many bet on Sam Zell’s past history. In the 1990’s, he gained the nickname “grave dancer” by buying and profiting on distressed properties. And, worldwide, distressed properties are definitely in the news now. So, real estate investors everywhere pay attention to what Sam Zell says, such as in a recent CNN interview: “Brazil is the number one country in the world for investments.”

There is a lot going on in Brazil, whether it be government or private sector housing investment and construction. The government’s $18 billion stimulus plan for building affordable housing is keeping a great many home builders busy. Couple that with a 5 percent cut in Brazil’s Selic interest rate, and you have a pretty positive climate for real estate. Real estate financing is where Sam Zell says the country needs to place its emphasis. His privately-held firm, Equity International, has taken an interest, with a large stake in home builder Gafisa SA. According to an article at the Wall Street Journal Online, half of Equity International’s invested capital and 70% of its investments’ market value is in Brazil. (more…)

Purchasing a home can be a very big decision. There are many things that you need to consider when purchasing a home. Nothing about this process is easy. First you have to decide where you want to be located, and what you want your house to have.

Whether it’s your first time buying a home or not, you should familiarize yourself with the whole mortgage process. Numerous mortgage lenders will assist you in the process of acquiring a pre-qualified and pre-approved home buying application. Of course, your mortgage qualifications will be required by your agent to strengthen your deal in finding and buying a home. (more…)

Whether you are buying or selling a property, choosing a real estate agent might be the most important decision you make. Good real estate agents can save you a substantial amount of time and money and can also ensure that the buying or selling process is an enjoyable and memorable experience. Here are some tips for choosing a real estate agent:

1. Ask Friends/Family for Referrals

Ask family and friends for their advice on local agents. This way you will be sure to find an agent with a good reputation.

2. Consider More than One Agency

There is an array of agents that will kill for your business. That is why you should interview as many agents as you can. Compare agents with regard to their knowledge of the area, experience and qualifications. Also, ask for references from previous clients. (more…)

The last decade in India saw property prices spiraling up like never before. With growing urbanization and development of ultra-modern residential projects, the rates for a traditional 2-BHK apartment or a 3 -BHK apartment in cities have risen exponentially. The infrastructure development in cities has also led to the rising prices. While property developers made a lot of hay while the sun shone, the prices have moderated to some extent now with the economic downturn hitting home. In smaller cities like Pune, Nagpur, Surat, Bangalore etc, there has been a lot of development in the real estate market.

In Maharashtra, Pune property enjoys strategic advantage location-wise, being close to Mumbai. Also, the city had developed as an IT hub in the region. A lot of Indian and multinational IT companies have set shop in Pune and are hiring local talent as well as people from outside the state. With an inflow of population, the demand for housing has also grown. Many people who come to Pune to work also settle down here eventually as the city offers all modern amenities on top of a pleasant climate throughout the year. Thus, there is a need to create affordable housing for the salaries class in Pune. Realizing this need, many real estate and property developers have started projects for affordable housing in Pune. (more…)