Tag archive for ‘Real Estate’

Not a Fan of Flipping? That’s Not the Only Thing You Can Do with Real Estate

by Admin - on Jun 22nd 2018 - Comments Off on Not a Fan of Flipping? That’s Not the Only Thing You Can Do with Real Estate

a couple talking to a real estate agentFlipping is a lucrative but also quite risky way to earn from the property market. Though it may appear easy, investors who are risk-averse may find it difficult to get into. If you have a low appetite for risk but want to invest in the property market, there’s another way.

Land Banking

An often overlooked technique, land banking is the practice of buying raw land—this refers to land that is vacant and has no improvements. It is slow, which adds to the lack of interest in the practice, but can be significantly safer than buying an apartment building, commercial space, or house. Owning an empty piece of land doesn’t cost you much. Beyond property taxes, even mortgage if you chose that route, you don’t have to pay for utility or maintenance costs. You can buy a piece of land and leave it alone. The forces of inflation alone will allow the land to appreciate in value.

Choose Wisely

Of course, it’s also not about buying just any piece of land. You need to know where you’re buying. When you purchase raw land, do it with an eye towards future development. Although most properties will appreciate in value over time, land that is in the path of development will appreciate in value faster and better than one that is not.

It Has Its Own Risks

Investing in raw land is not without risk. Consider whether the amount you used to purchase the property is from disposable income. If it is money you cannot afford to lose, you may want to wait awhile to invest as it can be difficult to recover the amount if you suddenly need it back.

Finally, make sure you are putting your funds with a developer that has a solid track record. There may be plenty of land for sale in West Melbourne but if your developer is new or hasn’t had much experience yet, there’s a chance the development plans may get derailed and delayed indefinitely. Again, be sure to exercise due diligence to reduce the chances of your investment going to waste.

Here Are 5 Reasons To Getting Help From Conveyancers

by Admin - on May 24th 2018 - Comments Off on Here Are 5 Reasons To Getting Help From Conveyancers

House For SaleYou’ve hit that stage in your life wherein you’re ready to buy a home and move in on your own. Still, there are several preparations needed when it comes to property buying, such as laws, rates, contracts, and such.

A conveyancer like Online Conveyancing Store is a legal professional who can help you with buying or selling real property. You can quickly reach out to them to obtain online conveyancing quotes. Take a closer look at how conveyancers online and in person can help you.

Preparing Of Finances

A conveyancer can ensure that your finances are prepared according to your needs. For example, he or she can find a mortgage or loan that you can easily pay off. This is important because a lot of house buyers might get locked to mortgages or loans that they find too difficult to pay off.

Handling Of Legal Matters

Because conveyancers can be lawyers, they are more than capable of handling legal matters for you. For example, if there are conditions from the owner of the property you intend to buy such as title to the property, the conveyancer can help explain this to you.

Dealing With Estate Agents

Some newbie home buyers have had encounters with real estate agents who had ulterior motives that ultimately disadvantaged the home buyers. Conveyancers can prevent this from happening in their dealings with estate agents because conveyancers are already familiar with the property buying process.

Doing Extensive Research

Conveyancers are trained to do extensive research, thanks to their legal background. They can research your desired property to check if there are concerns regarding the property’s structure, boundaries, or its past owners.

Conveyancers can help you calculate how much it would all cost, research on the property, and deal with real estate agents. Hiring conveyancers is a worthy investment, especially for newbie property buyers. Without them, having a hassle-free home-buying would be hard to achieve.

4 Tips on Investigating the Neighborhood You Want to Live In

by Admin - on May 10th 2018 - Comments Off on 4 Tips on Investigating the Neighborhood You Want to Live In

House For SaleEvery person who is planning to buy a house should have adequate knowledge about the neighborhood that they will be living in. After all, the people who live in the community are going to be your neighbors, so you should know if you would go along well with them.

Another concern is the safety of the area, especially when you have children. Here are four things that will help you investigate the neighborhood that you may be living in:

Hire a real estate broker

Real estate brokers have a strong knowledge of the neighborhoods they are selling homes in. That’s why they’re great allies in your quest to find the best home and neighborhood for your family. Other than that, agents provide price guidance for buyers. They also have professional networks that help in widening your choices. Hire one of the reputable real estate agents in Maryland.

Talk to your potential neighbors

What better way of knowing whether you will truly fit into the neighborhood than talking to your potential neighbors? Talk to them about how the neighborhood is. Without being too direct, gather important information like recent home break-ins or major establishments nearby.

Download neighborhood and crime-watching apps

If you’re more concerned about the safety of the area, some apps can help you determine if the neighborhood is suitable for you. For example, there’s an app called CrimeReports where you can check the crimes that have been committed nearby.

Make a surprise visit near the house

Choose a random time when you can visit the area near the house. This will allow you to see how the neighborhood is when no one is with you.

If you’re planning to buy a house or move into a new one, you should always consider the new neighborhood you will be living in. This is to ensure that you have a positive experience in the community when you do decide to move in.

Build-to-Rent Homes Set for Construction Boom in the Next 5 Years

by Admin - on Dec 19th 2017 - Comments Off on Build-to-Rent Homes Set for Construction Boom in the Next 5 Years

A house's rental agreementBuild-to-rent homes will be more popular in Australia in the next five years, although these properties are unlike the existing kind of apartments in residential communities, according to real estate experts.

The increased amount of such rental properties stem from a desire among millennial, young families and downsizing Australians to adopt a rental lifestyle, Mir vac’s Adam Hurst said. As of December, there are 2.5 million rental homes nationwide, he added.

More Tenants

Hurst believes that more Australians will rent in the near future due to its novelty. While renting a home has become a common concept in other countries, Australia is just starting to embrace the trend. Hence, there is “a lot of excitement” over this kind of housing, Hurst said.

However, the new fleet of apartments will have new features such as building managers for residential buildings. A dedicated staff will also manage lease contracts, organise events and look after onsite businesses such as cafes and retail stores.

Tenants could also transfer to a different building in another area in case they move to a new job, due to the availability of a long-term rolling lease.

The projected rise of rental buildings will not only mean more business for property developers, but also for suppliers of construction equipment such as a cherry picker for hire.

Current Growth Trends

Homebuilders have noticed a strong increase in new orders in November, based on the Performance of Construction Index (PCI). The Australian Industry Group and Housing Industry Association’s PCI showed that housing and engineering construction activity rose to 57.5 points.

The increase reflected a continually positive outlook on the “assessment of business conditions” among companies. More people are also buying homes for the first time, according to the report.

Conclusion

Real estate developers should consider taking advantage of a buoyant residential property market, as demand shows no signs of tapering off anytime soon.

Fees and Taxes Involved in a Real Estate Transaction in the Philippines

by Admin - on Dec 14th 2017 - Comments Off on Fees and Taxes Involved in a Real Estate Transaction in the Philippines

Notebook with property tax sign on a tableReal estate experts know that a person can only guarantee a couple of aspects of his life: death and taxes. This is why individuals who want to invest in real estate must know what they will be getting themselves into in exchange for their dream property. Plenty of factors surround real estate, but people should be aware of the taxes and fees involved when looking at listings.

Land Estimate cites the things the buyer is responsible for.

  1. Registration Fee
  2. Transfer tax, which is enforced on any method of handing over ownership of a real estate property. It can be through barter, sale, donation or other modes.

Meanwhile, the seller would have to take charge of the following taxes and fees:

  1. Income tax is taken if the property they are selling is considered an ordinary asset.
  2. Percentage or Value-Added tax if the property they are selling is deemed an ordinary asset. There is a 12 percent-imposed VAT on sales of those engaged in the business of developing, subleasing or leasing, and selling a property.
  3. Creditable withholding tax is the tax withheld by the withholding agent or buyer. This is taken from the payment to real estate entities, persons, operators, developers, and dealers considered being regularly involved in real estate business.
  4. Capital Gains assumed to be taken from the sale of a property that is not considered as an ordinary asset is accountable for a six percent tax. This will depend on the highest among the evaluated value of the city or provincial evaluator, Bureau of Internal Revenue (BIR) zonal value, and the selling price.

The different taxes and fees that both parties are responsible for will depend on the particulars of the specific property. Anyone interested in engaging in a real estate venture will now have an idea of what they will come up against.

Getting Ahead of the Game — t he Real Estate Game

by Admin - on Sep 10th 2015 - Comments Off on Getting Ahead of the Game — t he Real Estate Game

real estate agentReal estate is one of the most lucrative and most progressive businesses you can invest in. With the low risk and high yield, no wonder it has become a very competitive field dominated by major players. To get ahead, here are the basic considerations you should never fail.

Prompt renewal of your license

The primary requirement to be a real estate agent is basic education in relevant laws, zoning, and career etiquette. For these reasons, brokers take licensure exams to make sure they are well informed. Licensure exams ensure that only those who continually practice the profession will be given access to the market.

You need to regularly renew your license. Enroll in the best real estate license renewal courses to keep up with the current information and legal complexities involved.

Getting in touch with the trends

While information is almost readily available on the internet, there are certain industry know-hows only circulated among major players and practitioners. This is the major reason why you should get a refresher course whenever possible.

According to Cbtrealestate.com, agents need to stay on top of industry changes. Subscribe to the newsletters of real estate institutions to get relevant information.

Networking

When it comes to doing business, it’s important to have skills, but there’s an equal weight placed on knowing the right people with the right resources. Learn to develop your network and to branch out. You’ll never know when you will be needing assistance in a different state or in a different field. It always helps to be well-connected and well-rounded.

Equip yourself with the right resources and the proper real estate license renewal courses. With these, it should be easier for you to stay competitive.