Some Specialize In Office Real Estate

Category: Finance, Real Estate.

If you are looking for a commercial property loan, and it is your first time getting commercial real estate financing, you are in for some big surprises. One of the biggest differences is that you have to do more to convince the lender that this is a good deal for them.

This is a whole different deal from borrowing to buy a home. Commercial real estate financiers are going to be looking hard at what you can offer them as a borrower. Since dealing with lenders is more complicated with commercial real estate, let s have a look at who might be lending you the money. They may ask lots of specific questions about the nature of your business, your plans for the money, and other things that may not seem to be related to the matter at hand. Lenders for commercial real estate financing include banks, savings and loans institutions, mortgage brokerage firms, insurance companies and private lenders. Of course there is no single fit for every situation, and any of the above could offer you a great deal with good interest rates. Which kind of lender is best?

What you should really be worried about is the loan officer, more than the actual lending institution. When choosing a loan officer, look for someone with good experience. It is the loan officer s work that will ultimately make the lending process either go smoothly or not. The best place to find an experienced professional is through your realtor. There are also certain lenders who specialize in specific business types. They will usually have one they have used in the past, whose work they have always been happy with. For example, some specialize in financing warehouses.

This can be a great advantage. Some specialize in office real estate. With commercial real estate financing, lenders want to know everything they can about the place you are buying or refinancing. The income the property has been making. So that you won t be surprised at some of the questions, some typical ones follow. They will want to see income statements and expense statements. They ll want to know about the owners of the property.

This might be the# 1 consideration, more even than your income. You ll have to provide financial statements for all the people who own the business. Because they are concerned with a return on their investment, they want to know that the business will be run by competent, experienced managers. You may have to provide information about the managers or whoever will be running the place. They will definitely check the borrower s credit history. The lender will want to know how much the property is worth, according to an official appraisal.

This will be a less important factor than the financial history of the property, but it can still be a deciding factor in whether or not you get the loan. You should tell them about any plans you have for building or changing the property in any way. When dealing with lenders, always remember that risk is the# 1 consideration for them. For example, if you plan to do any construction, they will want to know that. While you re building or improving your business, and you re thinking about all the great things coming your way, all they are thinking about is the possibility of failure. You can find commercial real estate financing, just look for a good loan officer, and be prepared to provide whatever information they request from you. To them, it s just a matter of whether they will get the money back or not.

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Bodega Bay Homes For Sale - Finance and Real Estate Articles:

Bodega Bay homes for sale provide the discerning buyer with a wide selection of different sized properties for use as vacation houses or to live in permanently.

Handover Of Property

Category: Finance, Real Estate.

How to Successfully Acquire Property in Thailand.

Thailand offers the foreigner many benefits including beautiful beaches, friendly people, tasty food, world class health care and inexpensive property. Living in Thailand is a dream for many foreigners who wish to escape the cold winters and the high cost of living in their home country. Many foreigners come here to retire and others come only part of year to enjoy what Thailand has to offer. A substantial amount of their life savings is used to acquire this dream property. For those to desire to long stay in Thailand, the ability to acquire property is an important issue. From the perspective of a Legal Advisor, I would like to share with you the process to successfully acquire property in Thailand. Since you will be looking for property in a foreign country you need expert local assistance.

Select a Property Agent. The agent knows how to communicate in Thai and they re familiar with the geographical area. Typically, a good agent will weed out the poor quality units. They can show you many quality properties in their inventory. They want satisfied clients and they will avoid problematic developments. I can honestly say that purchasing directly from the developer isn t going to save you money versus buying it from agent. The agent will save you valuable time in selecting and showing you the property in your price range that meets your needs.

A quality property for sale in Thailand is generally offered at a fixed price by the Seller. They will obtain a fair price for you and act on your behalf to represent your best interests throughout the entire process. The best benefit of using a property agent is that they will act as a liaison between you and the Seller. Legal Planning. You need to know the correct legal process in Thailand for the foreigner to acquire property. Before you sign any deposit agreement or contract, you should sit down with a lawyer or solicitor to discuss the legal process. Remember that you are spending part of your life savings to acquire this property and you must carefully plan your steps in the process.

You should get the legal facts of the property and contract laws in Thailand before you deposit any money. Siam Legal offers free legal consultation to potential property buyers. Legal Structure. If the foreigner wishes to acquire land and build a house, he/ she should obtain a long term lease on the land, typically 90 years( registered 30 years initially and two renewals of 30 years each) . In Thailand, a foreigner may only own a condominium in his/ her own name. The foreigner should apply for the construction permit to build the house in their own name.

The lease is written with the option to reassign to another person( if you sell) , ability to sublease and with a purchase option( should the law change in the future to allow freehold ownership by the foreigner) . This way the foreigner owns the house and has a secured long term lease on the land. Therefore, a lease is the most common legal method for the foreigner to acquire property in Thailand. A comprehensive examination of title deed recorded at the Land Department should be done. Title Investigation. You need to verify that the Seller has clear and legal title of the land before you enter into a contractual agreement.

This investigation will also verify the right to vehicle& utility access to your property. The title search will trace the land to its first possession. Provide the residential zoning, environmental and planning codes in the area and show any registered mortgage or liens on the land. Also you need to find out if you have legal access to drive your car to it. It is a good idea to make sure that you can build a structure on the land. Don t take the word of anyone who tells you it has been checked before. Due Diligence.

The lawyer conducting the title investigation will provide you a full report and a copy of the title deed in English language. Every financial transaction requires some sort of due diligence on behalf of the purchaser to verify that it is a sound investment. The same is true when you purchase a property from a developer. When you purchase shares of a company listed in stock market or a mutual fund you will generally research the profile and performance of the company or fund. You should check with the previous buyers to see if they are satisfied with the quality and time frame of construction. Deposit. If you don t have the time to spend on checking the history of the developer, a local lawyer near the development will know or can check the project, its directors and their reputation.

When you feel satisfied with the property and it meets your expectations, you will be asked to make a deposit to show your good faith to continue the process. Unless you write specifically a" get- out" clause in the deposit agreement, for example" subject to clear title" or" subject to agreement on the contract terms, " the money deposited is non- refundable. In return, the Seller will reserve the property for you and start the process by drafting the contracts for purchase. Review of Contracts. The Seller will have the contracts prepared for you. Now you are ready to proceed to acquire the property upon verification of a clear title. Since the Seller will write the contracts, it is highly recommended that you have a lawyer or solicitor review the terms and conditions.

A proper remedy should be stated in the contract. First, you want protection for yourself should there be a delay in the property being built. Second, the Seller will state a penalty if you are late with your payment. Finally, your payment schedule should be reasonable and practical. This should be fair and reasonable to both parties. Normally, a first payment is 25 percent. And 25 percent when the fixtures and fittings are completed.

Thereafter payments are made on a progressive basis: 25 percent when the roof is on, 25 percent when the door and windows are secure. Your lawyer will make recommendations and these concerns will be given to the Seller for amendment of the contracts before you sign. You will transfer funds into Thailand from overseas for the purchase. How to Pay. The funds transferred will be in foreign currency and converted by the Thai Bank to Thai Baht. The Thai bank will convert the funds into Thai baht and deposit it into local bank account. A British couple for example will transfer Sterling from their London bank and wire to the bank in Thailand.

The Thai bank will issue a Foreign Exchange Form to confirm the transaction. When you wish to repatriate the funds back to your home country, you will need to show the Foreign Exchange Form and supporting documents. The bank will only issue this form if the transaction is over$ 20, 000 USD. Your lawyer or solicitor in Thailand can act as an escrow agent and disperse the payments to the Seller per your instructions. The building of your dream house will take time for the construction. Construction Phase. The rainy season in Thailand sometimes runs longer than normal which can delay the process.

Photos should be provided by the Seller to you at each stage if you are not in the country. A good developer will keep you posted on the progress of your house construction. Your property agent should work for you in this time period to answer any questions you may have about the process or timeline for the completion of the construction. At the conclusion of the construction period, you will receive notification from the Seller that your property is ready for inspection. Handover of Property. You or your representative will go to the property site and conduct a thorough inspection for any defect in construction or materials.

If you lease the land, the registration of the lease will take place. Once you have accepted the condition of the property, you will go to the Land Department for the transfer or registration process. If you are not able to appear in person, a lawyer or third party can represent you by means of a Power of Attorney. Thai Government regulations provide for 5 year warranty on main structural parts. Warranty. A one year warranty is generally offered in most contracts on component parts or accessories which are major parts of the building.

Keep this in mind when you are asking your questions during the due diligence process. A good developer will be quick to respond to requests for repair of any defects. Summary. If you plan and prepare in advance for the acquisition your property you will be rewarded for your efforts. Living in Thailand should be an enjoyable and relaxing experience. Those you take short cuts in the recommended process above will save some money but in the end it will not be worth it if something goes wrong.

Thailand Property& Real Estate Legal Services- Attorneys- Solicitors Property is a solid investment in Thailand as well as a great place to live while enjoying life in paradise.

Nowadays The Market Trend Has Changed From Flips To Buy And Hold

Category: Finance, Real Estate.

Do you ever dream of a house? Your answer to these questions would say a lot about you and your dreams and for sure you have to do a lot to realize your dreams.

A marble mansion or a house with a hot tub that s always full of a bubble bath? So if you are much more in tune with your style and design and know exactly that you want your dream home in Florida, you are sure to be less inclined to settle for less. Here you can enjoy spaceport as well as find yourself in the middle of the wildlife refuge. Florida is a very special, and it has the unique flavor of being an international city as well as synonymous with the rustic beauty of beautiful parks. Nowhere else in the world can you choose from among the hundreds of breathtaking rides and within minutes, camp at the edge of a spring fed stream. The real estate market in Florida has become popular over the past few years and has attracted many Americans and foreign buyers. This is the dream place that can give you a great quality of life as this place has it all!

This is all because of Miami Beach that has been voted as the best beach in the world and since this place is known as America s playground, people from all walks of life, mostly those coming in from European countries and those from South America are the ones who love to settle here. Generally, as a prospective homeowner, you should decide on the desired place to live by looking out for one that suits your budget, whether it is an apartment or a luxurious mansion or even a pricey combo unit. They love to invest in a wide array of apartments, upscale condominiums and seafront estates. Initially, you can start by visiting all the neighborhood places to find a good venue and to ease this problem you can always start looking out at neighborhood guide from the greater convention or even hunt through real estate subject pages to locate the perfect spot for your dream home. Shark investors don t think about discounts. As per the Miami Beach real estate industry, the real estate investment opportunities look quite stable and the prices have not wavered much from the median index. They prefer investing and holding on to a real estate property for the several years, till it gives them good profit in the form of ample cash flow during their waiting period.

Florida is also under this boom and this rental market boom is been endowed with a price- safety net, particularly in favor of condos. According to the Census Bureau, the mortgage and stagnating housing market has reduced home possession and this has added up to the renters market around the nation, due to which the rental housing market has shot up considerably. Investors procure the spreads connecting rents and mortgage, thus reducing the payments. Now more and more investors have become exceptionally vigilant and are investing in areas where home prices are reasonably low and rents reasonably high, to acquire a long haul. Nowadays the market trend has changed from flips to buy and hold.

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They Have Stated That Those Who Are Already In Danger Of Default Will Be Given No Assistance, As Well As Those Who Can Afford To Pay Their Mortages At The Increased Rates - Finance and Real Estate Blog:

The White House has recently unveiled a plan to help mitigate the wave of foreclosures that have recently swept the US as reports continue to predict that an even greater number( some estimate as much as 2 million) of Americans are likely to default within the next year.

French Place Is A Great Austin Neighborhood Without - Alissa Bordeau's Finance and Real Estate blog:

Nestled in central Austin between Airport Boulevard and Manor Road lies the quiet yet vibrant neighborhood of French Place. While French Place s houses are generally no more than two to three bedrooms, many houses have interesting add- ons to enhance functionality without resorting to cookie- cutter remodels.

Look Further And You Will Discover The Perfect Germany Property In Berlin - Finance and Real Estate Articles:

If you were to take a closer look at the city of Berlin, you would quickly discover a lot of things. From the economic standpoint of view, Berlin is doing just fine, having an enviable economy and not only.

Living In A Bangkok Condominium Offers A Host Of Benefits

Category: Finance, Real Estate.

Located in central part of the country along the low flat plain of the Chao Phraya River, Bangkok is the largest as well as the capital city of Thailand. Apart from being a popular vacation spot, Bangkok is considered the backbone of the country s economy.

The cultural, and political center, educational of Thailand, Bangkok is one of the top tourist destinations in southeastern Asia, with a range of fabulous attractions such as Chitralada, Erawan Shrine, Royal Grand Palace, the temple of the Reclining Buddha, the Bangkok National, Wat Pho Museum, and the Bangkok University Art Gallery. For instance, the Stock Exchange of Thailand is located in Bangkok. Further, the cost of living in condominium is exceptionally low. Further, a large number of commercial banks and financial institutions have been headquartered in the city. Above all, when compared to other Asian cities, Bangkok is a safe place to live in. Living in Bangkok is not only a great way for tourists to discover the great attractions of the place but also an excellent choice for those who want to settle here permanently, since it is strategically located center to almost all prominent Asian countries.

Perhaps for these reasons, people prefer to live in Bangkok. Like any other Asian cities, Bangkok provides a range of accommodation options to choose from, budget villas and, such as bungalows, and luxury apartments, single detached homes and flats coupled with a host of peerless amenities and facilities. But, this type of accommodation is quite different from other accommodation types. Along these accommodation options, condominiums are also considered a great choice to live in Bangkok. A specialty of condominiums is that they possess dual nature, ie, a condo owner has full control over his unit. In the case of condominiums, the owners are required to follow the rules and regulations formulated by condominium association.

But, the owner is required to share the cost and expenses incurred for the common facilities of the property, like passageways and lobbies. Nowadays, condominium units found here matches with the design and style of those units in some of the hi- fi Asian cities like Singapore and Hong Kong. Some of the most popular forms of condominiums available in the city are apartment, and single detached, townhouses homes. Depending upon the budget, tastes and requirements, lifestyle of the people, a multitude of condo units are now available in Bangkok. No matter it is of any type, a condo unit in Bangkok mostly comes with comfortable bedrooms with adjustable beds, fully equipped kitchen, expansive living rooms with superb dining area, and sophisticated bath area with uninterrupted water supply. Additionally, many of the condominium properties come attached with areas exclusively for children like kids pool and playground.

In luxury type condominium units, facilities such as parking areas, fitness room coupled with gym facilities, Jacuzzi, laundry, separated male and female saunas, and meeting rooms, pools are included. Mostly, luxury condo units are located in such posh areas of the city as Sukhumvit, and the Central, Sathora Lumpini areas. One of the major advantages is that it is affordable. Living in a Bangkok condominium offers a host of benefits. You can become a part of the unique community by living in a condominium in Bangkok. Advantages also include safety, as there are a lot of people around, there may not be chances for theft and robbery. Low maintenance is another prime benefit of Bangkok condominiums.

Above all, condominium life allows you to utilize a range of facilities such as pool, and elevators, library. Understanding the importance as well as the benefits of Bangkok condominiums, many foreigners now invest in condo units. Apart from these, condominiums are considered a long term investment. Further, a condominium is the only type of asset that can be legally owned by a foreigner in the country. In addition, since many of them have them have their own websites with details regarding the nature of the property, expected price or rent, amenities available and pictures of the condominium, buying or leasing a condo unit has now become quite convenient. Even a special law has been formulated for purchase of condominiums, known as the Condominium Act of Thailand( 199) With a myriad of real estate consultants, realtors and property builders in the scenario, buying or renting a condo unit in Bangkok is no longer a tedious process.

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Buying Your First Home Is Almost Always Difficult - Finance and Real Estate Articles:

Buying your first home is almost always difficult. It becomes even more difficult if you are competing for homes in a competitive real estate market like Arizona.

Real Estate Agents Too Specialize In Buying And Selling Of Certain Types Of Real Estate - Finance and Real Estate Articles:

Finding the right real estate deal can be challenging, sometimes no matter how hard one tries it requires a little more expertise to figure out how one can buy the house of his/ her dreams without spending a large chunk of their savings.

Written Furniture Warranty- Get Them In Writing - Latisha Hilbun about Finance and Real Estate:

Unless you live in an RV, you need furniture for your home. Here are some tips as well as some advice on caring for it.

With Quick House Sale, You Are Able To Deal Smoothly With An Emergent Situation

Category: Finance, Real Estate.

The world today is dynamic where money is always flowing and floating in the market.

But then, it may just happen at one time that there is a negative flow of balance, as when your expenditures are more than your income, that you find that money is emptying from your reserves. Every individual who participates in this constant transaction of cash sustains a certain equilibrium of cash inflow and outflow. This means that this flow of money has taken a course unfavorable to you, and you are left dry in your banks. You can fall back on the ever- reliable property of yours. So what do you do to overcome this shortage of cash? The equity you have stored in there can be converted into cash so that you are up and running again. The fixed assets become liquid cash so that it flows and clears your troubles out of the way.

With quick house sale, you are able to deal smoothly with an emergent situation. With the rent back scheme, you can even keep staying in the house, going on with your normal life, instead of the trouble and the shame of having to move out. It is also a very feasible thing when you are faced with divorce proceedings and the huge expenditure that goes along with it. Quick house sale is an option worth considering when you are faced with difficult situations such as repossession. Quick sale also helps you to separate in a judicious manner. The house gets a manager who would furnish it out, and you may rent back this property if you want a joy of residing in your inherited property. Also in a situation where one has inherited a house and is finding it difficult to manage it, many people wisely opt for a quick house sale.

This scheme comes in handy thus on different occasions.

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Reassure The Seller Of Your Ability To Close - Christine Mccrae about Finance and Real Estate:

The goal in a real estate negotiation is to reach a good agreement- one in which the underlying interests of both buyer and seller are met. Many of our real estate clients have been experienced negotiators in other industries, and we have learned from their skill and experience.

We Bought The House For The Agreed Price And Completed On Time - Sophie Conzemius about Finance and Real Estate:

I call it my sun head as I cannot explain it any other way. It was a glorious hot sunny day when I bought my holiday home in Florida.

Poured Concrete: The Beauty Of Strength - Maude Goodlow about Finance and Real Estate:

Most home buyers know that homes built of solid concrete are stronger than homes built of most other building materials.

In Addition, It Also Requires Significant Knowledge About The Realty Market

Category: Finance, Real Estate.

Making huge profits in the real estate business is not an easy task and needs strategic planning and efficient implementation. A realty investor needs to possess in depth knowledge of formulating realty business strategies.

In addition, it also requires significant knowledge about the realty market. Besides, it is also important to have a sense of customer needs and the ability to predict the future of a business option. The real estate market has favored sellers a lot in the past, the market seems, but in 2007 to change in the favor of buyers. For the past five years the realty market has been in favor of the sellers, but 2007 brings good news for the buyers, as the market trend is likely to change in their favor. Famous for its fluctuating characteristic, the realty business always remains a mystery to novice investors. More often than not, things in the real estate market move slowly, but decisively and in a certain direction. The realty market trends in 2007 are believed to be slow as compared to other trade markets like stocks and commodities.

It is commendable how this market is developing and is likely to continue in the same manner. Though the home prices have always been high due to excessive demand, now the market seems to be flattening out in a drastic way. It is believed that the year 2007 will be a pay back time for the buyers, who wish to look for real estate properties. As per the observation of many realty investors and market analysts, fortune for many buyers will obviously bring heartache, if not misfortune to the sellers. It is advisable to be patient and work with a realtor to find an effective way out. This year can prove to be a bit problematic for sellers, as they may not get be able to sell for huge profits.

The market is likely to be cold for sellers and it will be necessary for them to realize that the sales will become more sensitive to the price issue in time. Buyers need to do a lot of research on the real estate properties, in order to get the best deal. Besides sellers may also not get several offers, so it is advisable to grab any offer that comes, as soon as possible. It is advised to compare houses till you get the house of your choice at a reasonable cost. You need not worry about them being sold out to others, as they are likely to stay at least for one to two days after the first viewing of the house. You can shortlist some houses and still look for other choices. So, it is recommended for prospective buyers to spend a lot of time in researching about different home options in the year 200Similar to sellers, buyers can also work with realty agents, since real estate agents can give you the list of houses that can suit your choice as well as budget and in understanding the pros and cons of the real estate market.

The year 2007 is certainly for buyers, so if you have the money you can grab best of the offers at very genuine prices, like never before. Besides you can also get knowledge of the best available options in realty properties. But make sure you are thorough with the rates of properties in a particular location, depending upon the amenities and utilities available.

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Rising House Prices And A Strong Economy Make Highly Favorable Conditions For A Buy- To- Let Real Estate Project - Finance and Real Estate Blog:

Rising house prices and a strong economy make highly favorable conditions for a buy- to- let real estate project.

At This Point, Inform Them That You Can T Buy Today Due To The Lack Of Equity In Such A Brilliant New Home - Finance and Real Estate Articles:

Most people want someone they can trust to work with in any situation, and when it comes to selling a home, even the most desperate of individuals wants to feel safe and secure with the person to whom they are selling.

Are Des Res Properties Worth This Price And Are They Likely To Go Up In Price - Latoya Banerjee's Finance and Real Estate blog:

Recently des res was voted one of the nicest words in the english language.

Santa Rosa Homes Are Varied In Design And Can Be Quite Expansive

Category: Finance, Real Estate.

Santa Rosa is a city always on the move and continuously growing and developing.

There are many Santa Rosa homes for sale that are fairly new and still in the developing stages. Many people believe that Santa Rosa is the best place on earth to be in if you wish to live in harmony with nature but are also interested in being up to date with business. Even if you have no intention of living there just yet they are perfect for investment purposes as the city is on an upward spiral in terms of growth and economy. These parts constitute the vibrant growing modern Santa Rosa as compared to the easy- going, time tested parts, laid back of Santa Rosa. Certain sections of Santa Rosa are still steeped in history as many of the Victorian buildings fortunately escaped destruction in the major earthquake of 190Much of Santa Rosa was flattened and had to be rebuilt from scratch. The community of Santa Rosa is a diverse and happy one, striving everyday for better lives for all their fellow residents and encouraging prosperity through diversity and growth. Whether a one is looking for a large family home or a smaller apartment or a luxury condo, you are sure to find exactly what you are looking for.

Santa Rosa homes are varied in design and can be quite expansive. When you purchase one of Santa Rosa s propertiesand decide to live there, you will soon discover that you can find everything you need to get started in the main streets itself. There are small stores and restaurants with children s parks and green areas, libraries, the City Hall, schools, mall spaces, various community groups, and more. The city center is perfect for anyone to relax in and enjoy some free time. This is a safe and secure city where both, its people and its authorities have strong values and are absolutely interested in preserving its heritage and nature, while stabilizing infrastructure and encouraging economic stability. You can purchase business premises in the various developments around the city and work with the community to improve it financially and technologically while at the same time you prosper in a relaxed environment. Santa Rosa is an ideal place for any enterprising person interested in starting his or her own business.

The educational system in Santa Rosa is well developed and consists of over 30 excellent private and public schools, as well as four colleges and a university. Move to this peaceful city and purchase one of the lovely Santa Rosa properties for sale. If you are looking for a great community and secure environment then look no further. Indeed, Santa Rosa is a great place to buy a home in and raise your family in.

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So Will Another Interest Rate Cut Be Enough To Bring Back The Mortally Wounded Housing Market Back From The Brink Of Death - Finance and Real Estate Articles:

As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 2This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully in the troubled housing market.

Foreclosure Listing Services Provide Information Various Ways - Finance and Real Estate Articles:

Without knowing foreclosing listings, one cannot understand what it is. Looking at foreclosure listings for a repossessed property will make the search simple.

When In Spain, Do What The Spaniards Do - Tammy Brailsford's Finance and Real Estate blog:

It has become a trend for foreigners to buy properties in Spain.