Common Commercial Real Estate Contract Contingencies

Common Commercial Real Estate Contract Contingencies

Just like residential real estate contracts, Dallas commercial real estate contracts have their share of contingencies. In short, contingencies are found in most real estate contracts and are essentially escape clauses for both the buyer More »

Real Estate Agent As The Key To Success In Real Estate Property Buying And Selling

Real Estate Agent As The Key To Success In Real Estate Property Buying And Selling

It is very important to remember that when you want to be successful in dealing with real estate market, you should work hand in hand with a real estate agent. Whether you are buying or selling, this person will be your helpful guide More »

Create A Real Estate Agent Profile On Property Hookup And Successfully Promote Yourself

Create A Real Estate Agent Profile On Property Hookup And Successfully Promote Yourself

Are you a professional real estate agent with tons of market knowledge but not getting the business traffic you deserve? Are you struggling to keep up with the new fashions and technology associated with online promotion? Are More »

 

Real Estate and Motivation vs. Inspiration

7uu7uu.info1My life is thriving in balance with purpose- Is yours? Do you find yourself fighting to stay motivated- putting things off- wasting time- lost without a purpose? If you said yes to any of these, there is still hope.
>

How would you like to be that person that is always motivated- always getting things done- always enjoying life- always fulfilled? If so, here are some time tested principals that, if you apply them, will take you to that next level-

Motivation vs. Inspiration

Many people believe that motivation is the “engine” that drives you to success. Most seeking motivation attend seminars to hear others as they share success stories and strategies. These events cause us to feel good and challenge us to get moving. However, when you face the real world, it seems to just burn out on the extra mile- Have you ever felt that way too?

That is because “motivation” as Napoleon Hill says “is like fuel to a vehicle.” So what exactly is the “engine” that drives you to success? If motivation is just an external portion that helps build momentum, where does the power lie? Now inspiration, on the other hand, is internal and comes from realizing your purpose- The problem with most people is that their purpose is unclear and much smaller than was intended.

The reason why many lose motivation and quit before ever reaching the next level is because their purpose is smaller than themselves. However, what would happen if your purpose was bigger than you? I’m glad you asked-

Imagine you want to build a home, and just the thought of all the work makes you lose your motivation, but as you begin to think of the fact that in this “home” you will live with your spouse, raise your children, and have your grandchildren visit. You are now inspired and compelled to fulfill the vision of building your “home” no matter what the cost- Don’t you deserve a life of inspiration?

Define your purpose

“Why?” is the first question you must ask yourself personally and in business. If your “home” wanted to discover why it was built who would it ask, the neighbor, the mail man, or its builder? I think you get the picture. So visualize your purpose by writing it down. Once your “Why” is bigger than your “How” you will get inspired and the “How’s” will automatically aligning themselves.

Break through

You can’t fight what you don’t know exists. Answer this question, “What is holding me back from fulfilling my purpose?” The most popular answer is fear. Whatever your answer may be realize that you must conquer your obstacles or they will conquer you. If while building your “home” you find there are problems with the foundation you must do what it takes to strengthen what holds it all together. When you get weary, don’t worry its normal. Remember the foundation is the reason “why” you are paying the price. Break free!

Assemble your Power Team

As you press toward the next level you will find that you can’t do it on your own. Take the time to pick the right people that will empower you to keep moving forward in your journey. For example, a few things you might need to build your “home” are a developer, an architect and a construction crew. What kind of team do you need to build your vision? A team that balances out all your weaknesses- So when you run across problems that seem impossible seek answers from those who have them.

Grow in balance

True success can be measured by how balanced your life is. Balance can be like the fence that protects your “home.” It is vital to grow in every area of your life to experience the type of fulfillment that comes to those who grow in discipline- So decide to live balanced today and reap the benefits.

Enjoy the journey

When you are taking action, every day takes you one step closer to fulfilling your purpose. Just like you would get exited about your “home” taking shape with each new day, so too should you enjoy traveling your path to success. So get exited!!! Every day you are one step closer to fulfilling your vision.

REMEMBER-Though your “home” that took so much work is very valuable, nothing compares to the lives shaped by it. So empower others to do the same by passing on these tools that enabled you to build your own. Rick Melero and the Board of Advisors of America’s #1 Real Estate Network have completed 100s of real estate transactions with over $100M completed. Invest with the group and learn more about HIS Network’s  real estate buying group

Smart Tips For Finding Homes

7uu7uu.info2Real Estate – Picking the Right Agent to Help You Out

If you want to be successful in any real estate endeavor, choosing the right agent to meet your needs is very important. Even though all of them are capable to help you carry out your transactions, there are some of them who are best suited for your specific needs. You have to watch out as well for a few signs that will signify that you have the best agent at your side.

When choosing a real estate agent, you have to consider the type of real estate transaction, such as homes for sale, homes for rent or lease, etc. You could be interested with a specific type of home as part of your investment so you need to choose an agent who specializes in dealing with these types of properties. It is essential to not just choose an agent but you need to find one who specializes on the kind of property that you are looking for. He will have several connections that can help you obtain the property that you really need.

You have to consider the qualifications of a real estate agent before making an agreement to work with him. He should be a member of an association for realtors to let you know that he has the licensed required to work with clients. Make certain that he also follows the code of ethics by having a certification from the association. This will indicate that he holds a high stand that is required by the law.

The qualifications of a real estate agent don’t matter at all if he does not work hard to satisfy the needs of his clients. It is one good idea to find an agent who is referred by most people you know. When the person you are talking to is someone you trust and he had a good experience with a specific agent, there is a good chance that you will have a good experience as well if you have that agent at your side. Think about that good agents stay in business for the reason that they work to satisfy their clients so you ought to do business with someone who has a proven track record.

Once you don’t know anyone who can refer a good agent, have time to research for an agent who is good with his job. The internet has lots to offer and you can find many websites that give you ideas concerning agents and the services they provide to meet your needs. Research their profiles to be aware of their qualifications and experience and see if you can work well with them. You can read customer testimonials regarding them so you will be aware what other people are saying about them. These are necessary tips prior to making your final decision regarding an agent to help you.

 

Tips to Follow While Buying Property

7uu7uu.info3The process of buying property can be very strenuous at times and it requires a lot of thinking while doing so. Thus as a property buyer you must make sure that you do all your research on the property you are buying and follow a few useful tips. These tips can help you a lot in the long run.

• Drainage sufficiency

You must mandatorily check the levels and whereabouts of the external drains. You must also make sure that the drains are accessible and are also completely functional. Water logging can be a very long term problem at times of rains. Thus by keeping in mind your long term requirements, you must check whether your area has sufficient drainage or not.

• The significance of the area

The place where you are buying your property might be having something that makes it popular. You must make sure that you notice all the ups and downs of this place before you carry on with the entire process. The area might be popular for having a pub or a bar or a kebab shop also.

• Is the place big enough for you

There is no pint investing in a property that does not satisfy all your needs and requirements. Having said that you must make sure that the property you are investing in is big enough to accommodate all the members in a very comfortable manner. This will not only give you a lot of comfort in the long run but you will also be able to live with a complete peace of mind.

• Is the structure of the building sound

The building must be structurally sound. It must have the capability of withstanding horrendous external forces like storms and tornadoes. This will increase the life span of the property and also its retail value. The structure of the property is also its foundation. If its structure is sound, you are making a very good investment. Otherwise you must think about it.

• Electricity

The electricity supply of that area must also be taken into consideration. The cost of electricity also varies from one place to another and you must take all these costs into consideration as well. In order to do so, you must enquire with the concerned people and gain as much as information as possible before proceeding with your investment.

Before purchasing the property, you must analyze whether you see yourself living there or not. This is the most important thing.

Rera Dubai – Real Estate Regulatory Authority In Dubai

Many people think that RERA is stand for Real Estate Regulatory Agency. However in reality RERA is stand for Real Estate Regulatory Authority in Dubai. RERA Dubai is the policy-making Dubai Land Department. It is a head agency which forms, governs and authorizes the real estate sector in Dubai.

RERA Dubai was founded on the 31st of July, in 2007 by His Highness Sheikh Mohammed Bin Rashed Al Maktoum, prime minister ruler and vice president of Dubai. RERA is different from the Dubai Lands Department (DLD) eventhough both authorities are involved in issues to do with property and real estate purchases and rentals.

The aim and objective of RERA Dubai is to set policies and plans in the real estate sector in Dubai in order to grow foreign investments. RERA is a part of Dubai Land Resources Department. The authority has its own financial and administrative independence with full legal authority to regulate the property sector in Dubai.

RERA Dubai also tell people on regulatory acts while purchasing the realty in Dubai. State resources can be in security department until the establishing up is complete. The estate can be broken but only later a particular commendation according local planning. The land given cannot be either purchased nor traded till the scripted instruction of His Highness Sheikh Mohammed Bin Rashed Al Maktoum is acquired. Tallying to the policy of confidentiality the Dubai Land Department don’t publish any info about its customers. Data relating the land conditions could be provided while the Dubai Land Department studies the condition of Land relations.

Associate the guidance of the declaration by RERA Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum of the Dubai principal plan 2015 to promote economic development and government modernization and allow substantiating growth and successfulness for all sectors, Dubai has provided great strides in placing the standard for the world in several sectors. This residential area and marketplace is the exceptional address for all the authoritative and reliable information regarding the Dubai real-estate sector.

RERA is set to model a pure international real estate approach system which factors the ‘old and the new’, the ‘customary’ and international ‘best practice’ approach. RERA main goal and objective is to ensure Dubai real estate practices and practitioners are raised to the highest condition known world wide for quality service, practices and simplicity of making out business in Dubai.

The Dubai Real Estate sector is attracting top talent from around the world and millions of dollars of Foreign Direct Investment(FDI). This unforeseeable development and interest at a international scale, provides Dubai authority to present a new concept of an on-line, virtual, real estate residential district.

The RERA Dubai website is at www.rpdubai.ae but rera.ae & rera.gov.ae can get you to RERA Dubai also.

Ways To Make Money From Singapore Properties

st way – buy low, sell high
Very simple strategy. Timing is key to success for this strategy. Opportunity for buying low is during recession, when sentiments in job market and economy are low (the lower the better). This is a great time to enter the market ‘coz prices will be depressed. Some investors like to buy when prices are “relatively attractive” or “affordable” according to their means. Some investors may choose to buy in only when there’s signs of uptrend (so they are buying at the base of the upturn).

So how do we know whether it’s the bottom? During the bad times, many will say “it’s too risky, it will go lower, let’s wait”. Do understand that real estate is inherently an illiquid investment, as opposed to the equity market. The periodic charts / graphs / data presented (on a macro scale) will be good indicators of how the real estate market is moving. The stock market chart may show volatility (up 1 day, down the other, up 1 week, down the other) but real estate market data will trend for quite some time before peaking or bottoming (we also won’t know exactly how long, that’s a question which only the market has an answer to).

Many home buyers like to think that today’s prices are “too expensive” relative to last month / last year’s price. We will only support such thinking if the broad data shows “all-time highs”, otherwise smart buyers should understand that its not only you who is buying at this “higher price”. If others are buying around the same price, then it is only natural that the market forces will continue to push the prices even higher because each buyer-turned-seller will continue to ask for higher prices to gain profit, and that is how everyone plays the game (well, at least until the bubble bursts).

2nd way – buy at a discount
Simple strategy but often neglected. So, you may be curious as to where exactly can you find properties at a discount? Most real estate articles will teach you to look for foreclosures (auctions), urgent sales, etc. So, we won’t say more about those.

There’s another type of property which we believe can be considered as “discounted” – old apartments in worn-out condition. A word of caution – you should be somewhat interested in doing renovation works, talking to designers and contractors if you are interested in trying out this type of discounted properties. And always remember the 3 golden rules of real estate – location, location, location.

In fact, you can also find discounted properties in new condo projects as well. How so? … stay tuned to our updates and we will tell you more =)

3rd way – buy to lease out
Rental yield (your rental returns on your property purchase) is a fundamental way many people make money from properties. If you are looking into this strategy, may we suggest purchasing 99 year leasehold properties (in a great location) instead of freehold (in the middle of nowhere)? Tenants are willing to fork out higher rental for (1) convenience, (2) comfort. Tenants will not pay you more because your property is a Freehold tenure (even if you had to pay the seller / developer more). Tenants will pay more if your property is near a subway (MRT), or has wonderful facilities, is nicely furnished and lets them hugely enjoy their limited period of stay in Singapore.

We have a list of properties near subway (MRT) which will be updated onto our blog soon. Your can stay updated on our blog via email or you can see the updates on our twitter page and facebook page as well.

Kerala-Thrissur, an Active Real Estate Investment Hub

Kerala, God’s own country is one of the best tourist destinations and is now seeing a boom in the real estate sector with a lot of infrastructure developments happening around.

Malayalees living in different parts of the world and the country are interested in investing in their homeland. The boom in the real estate market in Kerala has resulted in the construction of beautifully crafted independent villas and luxurious multi-storeyed apartments. Many businesses are also coming into the state. With developments in the IT sector in areas like Thiruvananthapuram and Kochi, Thrissur is also seeing developments on a large scale.

One of the leading players in the gold and diamond trade, the Malabar Group is coming up with an integrated township in Thrissur and this will involve an investment of INR 2000 crore which would generate around 50,000 jobs. This project is developed as a mixed-use project with a world-class facility. The project will have IT hub, business cluster, residential developments, convention facility, shopping mall and entertainment options. The township will have the place to live, work and play. This project will enjoy the connectivity as it is located on the National Highway 47. Such developments leading to job creation are making Thrissur a promising investment destination. The retail segment is also playing well and one project to be named in the city is ‘Sobha City Township’, which will have a mall developed with 100 brands. This project has luxurious apartments, bungalows, villas and clubhouse. If you are looking for villas in Thrissur, you can avail one as many villa developments are happening in the city.

Kerala real estate is considered to be one of the investment friendly markets. With many Malayalees living overseas, the investment market is very active. Thiruvananthapuram, the capital city is also seeing a lot of developments happening in the realty market. Most of the residents of the city are employed in the government sector. The presence of IT sector has led to the boom of the real estate market here. Micro markets such as Karyavattom, Vellayambalam, Vattiyoorkavu and Vazhuthacaud are seeing increased real estate activities as the demand is high for these localities. The property prices are seeing appreciation with constant demand from the people. So, investment is a good option as rental returns and capital appreciation is expected. The city with the proposed and under construction infrastructure projects such as Vizhinjam Port, light metro will make a positive impact on the real estate market.

Kozhikode is another city which is transforming into a realty hotspot. The city is witnessing investments mostly from the Middle East and many IT companies are setting up their offices in the market. This will have a strong positive impact on the residential segment.

Kochi remains as one of the favourite residential markets among the home buyers and the investors, especially the NRIs. The city is well-developed with physical and social infrastructure. This is favouring the real estate market in a great scale. Marine Drive continues as a premium market.

Villas in Thrissur is also seeing constant demand from the NRIs and the high-end buyers. Other markets such as Kottayam, Palakkad, Kollam and Kannur are also seeing increased real estate developments.

5 Reasons Why Real Estate Agents Are Not Like Car Salesmen

Real estate agents routinely get bashed by buyers and sellers for being too pushy, not pushy enough, out for themselves and the almighty dollar. In fact, often consumers will equate real estate agents with the persona of the car salesman. You know, the guy who dresses a little too nice and talks a little too fast…all the while pushing you toward something you might not be able to afford or even like. While there might be a small handful of real estate agents who fall under those descriptions (as there are in any profession), the majority of real estate agents are honest, hard-working professionals who live and breathe real estate. Here are reasons why a real estate agent outclasses a car salesman any day of the week:

1 – In a word: education. Real estate agents must take hours of classroom instruction in order to become licensed. This isn’t a week’s worth of sales training. A licensed real estate agent has to learn about the laws and procedures regarding the state in which he intends to sell real estate. A licensed real estate agent is then tested on that knowledge via an intensive state exam. And the education is not over once the agent gets his license. Every state has renewal requirements, requiring the real estate agent to take continuing education classes to ensure that every agent is up to date on the latest news and policy in the real estate profession.

2 – Another difference is oversight. Real estate professionals are kept in check by their state’s Department of Real Estate (sometimes known as a Commission or Board). Not only are there many license requirements that each state has but there are also disciplinary actions that can be implemented by each state’s real estate department. Real estate agents can get their licenses suspended or revoked by the department.

3 – Did you know that the National Association of REALTORS(R) (NAR) is the largest professional organization in the world? Each and every real estate agent who joins the association agrees to adhere to the Code of Ethics, which is geared toward protecting consumers and ensuring that real estate professionals act within ethical standards. Think you can find a car salesman with membership in a similar organization?

4 – In real estate there is also a requirement of disclosure. A real estate agent must disclose material facts known about any home. An agent can’t misrepresent a home to you, its condition, etc. in the hopes that you won’t find out until it’s too late (and you’ve rolled off the lot). There is no crossing of fingers and hoping all works out because not only is the real estate agent’s reputation on the line, but also his status as a licensed agent. With every single real estate transaction, an agent is putting himself at risk of legal and financial consequences. Why would any reputable agent risk losing his career and possibly a lot of money in court? He wouldn’t. So the real estate agent will err on the side of caution and disclose everything he ethically and legally must disclose.

5 – A home is the single most important financial transaction of your life. Real estate agents understand this. They understand that there is no “one size fits all” when it comes to helping you purchase your home. While a car salesman might hear how much you make and steer you to the vehicle that will take advantage of that fact, a real estate professional will also take into account your monthly expenses to help you determine what you can truly afford to pay. From there, the real estate professional will encourage you to speak with a mortgage professional to obtain the most accurate picture of your financial ability to buy. Only then will the real estate agent start to narrow down your home search. Because the real estate agent understands that it’s not only a financial issue. You have wants and needs that the real estate agent will evaluate in order to find you a home; you’re not looking merely for a roof over your head.

While it’s easy to make jokes and compare real estate agents to car salesmen, they have little to nothing in common. While both help you out with a purchase, the motivations and the expertise behind that help differs vastly. A real estate agent is continually educated, adheres to ethical and legal standards and is looking to build a life-long successful real estate business, not just sell you any old car off the lot.

It Is Beneficial To Work With A Real Estate Lawyer

Are you interested in buying a piece of property? With any major investment such as this, it is important to understand what you are getting and where the money is going. There are risks and rewards associated with every transition. Luckily, a savvy real estate lawyer can help you weigh options and make decisions that are best for your portfolio. The agents that manage available properties may possess a lot of knowledge about the buildings and sites themselves, but attorneys specializing in property transactions will know the most about what contracts should say and how the purchasing process should work.

One complicated situation in which the advice of a real estate lawyer may be invaluable has to do with property titles and disputes over those titles. The term title refers to a formal document, such as a deed, that proves one or more people are the legal owners of a piece of land. With a document like this also comes a particular set of rights which grant the owner or owners certain legal interests. Unfortunately, there are cases where a person buys a piece of property, receives a deed, and then finds out that someone else is laying claim to that property. Though it can be stressful to face such a dispute, a real estate lawyer can clear the matter up once and for all. These professionals know how to search property records in order to determine who should be in possession of the legitimate deed.

In the event that an investor would like to buy a foreclosed property, a real estate lawyer would be the person to set up negotiations with the bank and work out any remaining details concerning the finances. This is not necessarily a complicated process, but it is nice to have a go-between look over the paperwork and close the matter on your behalf. Plus, buyers who have attorneys monitoring their transactions can rest assured that all dealings are being handled above board.

So you see, hiring a competent real estate lawyer can save you a lot of time and undue hassle when adding to your current portfolio of homes and commercial properties. Keep one of these individuals on retainer if you plan to buy up some new tracts of land in the near future. You are sure to find this person’s insights quite helpful. Actually, they might even be able to protect you from making a detrimental investment mistake.

If you’re looking for a real estate lawyer, Kalamazoo, MI locals rely on: http://www.stancatilaw.com.