Real Estate Syndicates
Author: Luigi Frascati
Source: articleage.com
Contrary to the belief of some, a real estate syndicate has nothing at all to do with Don Corleone. Take it from me - or my name is not Luigi.
The real estate investment market is becoming more and more complex and, as a result, the traditional boundaries between different investment activities are changing. If someone is interested in buying or selling an interest in land, he generally seeks help from a real estate expert. If someone wants to buy or sell a common stock, he seeks the services of a securities expert. During the past decade there has been a growth of new forms of investment vehicles, the most common of which are known as 'syndicates'. Syndicates are used in conjunction with many types of assets including real estate, R & D, purchase and management of hotels and motels, oil and gas exploration, livestock and agricultural development to name a few. Specifically as it refers to real estate syndicates, in its simplest definition this term is applied to any form of organization which allows two or more investors to participate in the ownership of an interest in real estate.
In the syndicate, the real estate asset is divided into two or more 'investment units' which are acquired by the individual investors. It is important to realize that the investment unit refers to the particular asset that is acquired by the investors, and not the underlying real property itself. The precise nature of the investment unit will depend on the form of the syndicate. In essence, investment units represent a fractionalized ownership of one or more interests in real property rather than direct ownership of an entire interest. While real estate syndicates are formed for a variety of reasons, the typical reason is to create a tax shelter. At the base of the syndicate is the relationship among investors. In all real estate syndicates there is some form of contract specifying the relationship intercurring between the individual investors and the underlying interest in real property.
Despite the multitude of forms, the structure of a real estate syndicate is invariably based upon one of the following six legal relationships: co-ownership, divided ownership, corporation, trust, general partnership and limited partnership. In addition, there are three central participants, or sets of participants, as follows:
[ ] the syndicator or promoter who creates the syndicate in the first place;
[ ] the syndicate manager who manages the syndication and who, often times, is the promoter as well;
[ ] the investors who purchase the investment units.
Moreover, a number of other experts are used that are unrelated to the syndication, such as managers, appraisers, builders, leasing agents and mortgage lenders. In some cases the syndicator may buy the property before creating the syndicate organization. In other cases, the syndicate investment units may be marketed before the real property is acquired.
The allocation of profits and expenses is typical of the real estate industry. For instance, there are 'front-end' fees to cover initial expenses for the formation of the syndicate such as:
[ ] mark-up profit on lands sold to the syndicate by the syndicator, if he advanced the initial capital to purchase real estate.
[ ] Real estate commissions on sales to the syndicate by the syndicator.
[ ] Percentage of the initial funds raised by the syndicator.
[ ] Fees for services rendered.
[ ] Fees for guarantees, such as cash-flow guarantees or construction guarantees.
As to the return and liquidity, each investor is entitled to the proportionate share of all leases, rents, resale of the syndicate interests in land and, of course, each investor will have to consider different tax shelter possibilities offered by the six different legal organizations of syndicates. Last but not least, liquidity is an essential factor from an investors perspective, in that investors may want to transfer investment units or portion thereof to someone else at a later date.
There are at times situations wherein a direct ownership in land is neither beneficial nor convenient, and an indirect ownership by way of investment units may be more appropriate. Likewise, as it is the case more and more with large hotel consortiums, original capitalization is done by selling 'interest shares' - the equivalent of investment units - to private investors, with the balance of the initial funding obtained by institutional lenders and secured by the real property. Nowadays syndicators have gone as far as raising money in the stock market by selling futures stocks of edifications to come, typically large high-rise and residential towers that cluster the downtown core of practically every metropolis in North America.
Luigi Frascati
Luigi Frascati is a Real Estate Agent based in Vancouver, British Columbia. He holds a Bachelor Degree in Economics and maintains a weblog entitled the Real Estate Chronicle at http://wwwrealestatechronicle.blogspot.com where you can find the full collection of his articles. Luigi is associated with the Sutton Group, the largest real estate organization in Canada, and is based with Sutton-Centre Realty in Burnaby, BC.
Luigi is very proud to be an EzineArticles Platinum Expert Author. Your rating at the footer of this Article is very much appreciated. Thank you.
Real Estate Bubble Burst – A Preview of Things to Come!
Author: Bob Schwartz
Source: articleage.com
The LA Times ran a story on March 4th on the bust of the Shanghai, China, real estate market. In one of the world's hottest housing markets, the last three years saw a doubling of prices. Things are now so bad now that thousands of real estate offices have closed, many homeowners have loan amounts that are greater than their properties resale value, recent buyers are fighting with developers to rescind their purchases, and banks are awaiting a wave of mortgage defaults.
Morgan Stanley's chief Asia economist said "Shanghai's housing slump is only going to worsen and imperil a significant part of the Chinese economy". About the property now under construction, this same economist said "They'll remain empty for years!"
The similarities to our hot US bubble markets, makes me believe this is preview of what we are already starting to experience (though at a much slower pace).
The first signs of trouble in our real estate markets were very subtle and only picked up, or acknowledged, by very few real estate professionals. Since mid 2005 the red flags have been quite obvious to even the layperson. Yet, the forever optimistic 'it's always a good time to buy' industry line is embraced by the mass media (they certainly do not want to lose their immense source of real estate advertising revenue) and the naive general public.
In San Diego in particular and most other major metropolitan real estate markets, it's quite acceptable to acknowledge and embrace the double digit real estate appreciation of the past. Yet, even the thought of depreciation of real estate is looked on with the same disbelief and distain as if a child molester moved in next door.
There is a proven saying in our stock market: "You can never go broke taking a profit." In many US markets, seasoned investors can still turn a profit. However, if Shanghai's real estate market is any indication of what awaits the hot US markets?..the window of opportunity is closing very fast!
Copyright 2006 Promotions Unlimited - websitetrafficbuilders.com. All rights reserved - Any additions/modifications/hyperlinks added to this article will be considered a copyright violation & subject to immediate legal action without further notice.
Bob Schwartz is a certified Residential Specialist w/ 27+ years experience. Bob runs 4 real estates sites including: A downtown San Diego real estate site: http://www.downtown-san-diego-real-estate.com. A costal San Diego real estate site: http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us and free San Diego For Sale By Owner website at http://www.san-diego-for-sale-by-owner.com. These real estate website provide visitors the ability to search the entire San Diego MLS database for property that fits their exact requirements. Also, there are many useful, money-saving real estate articles for both buyers and sellers. Also, a number of the sites show recent closed sales prices for various areas of San Diego California.
How To Become A Commercial Real Estate Expert In Your Own Backyard
Author: Yolanda Bishop
Source: download
Many people may not realize you can literally become a commercial real estate insider just by working in your own local community. There is a wealth of opportunity for those who are motivated and wanting to make a difference, not only in their own lives, but in the lives of people in the community as well.
You do not have to travel across the United States or around the world to find money making properties that will financially take care of you for the rest of your life. It simply takes two things in order to become a real estate insider: knowledge of your community's real estate opportunities and a steady increase in your own education.
What makes a real estate insider?
A real estate insider knows the ins and outs of the real estate market in his or her own area of interest. This interest could be in office complexes, strip malls, large apartment complexes, medical buildings, and various other income producing properties The commercial real estate insider recognizes trends, the value of property, changes in values before they happen, all zoning laws and regulations, and infrastructural changes that can drastically affect the values of land on or around the new development.
The commercial real estate insider also knows the city decision makers. He or she knows with whom to speak in order to get information, advice, notice regarding changes in the zoning laws or regulations, and to stay ahead of the real estate market.
How do you become a commercial real estate insider?
To start, you should understand that a large part of commercial real estate is dealing with the officials and decision makers of the city or county because they are the ones who decide zoning and use for every piece of property within the city's or county's boundaries. They plan for future growth, and attempt to create a balance among both residential and commercial properties so that the community does not grow too quickly or become unbalanced.
Due to the fact that the city officials are so important to your ability to develop, renovate, and otherwise do what you want to a property, it is crucial that you get to know these people and create a rapport. You also need to know what is occurring in your community regarding real estate at all times. Zoning often changes; there may be new regulations or codes regarding the zoning, or the intended use could be limited to only a few uses that will hinder your intended project. All these things can greatly affect your dealings with a specific property, and how you pick and choose your opportunities.
A good way to meet these important officials, as well as learn about the real estate market in your community, is to attend zoning and planning meetings at your local Chamber of Commerce or courthouse. It is there that you can meet face to face the people who will influence your future as a commercial real estate insider. Introduce yourself as a real estate investor, and give them your card. Ask intelligent questions regarding real estate in your community.
Eventually, after building a rapport with these influential people, ask if you could meet with them to discuss a certain project, or something in which you could use more information or advice. You should always come to these meetings prepared with your questions typed so you stay on task and topic. Show that you appreciate their time, knowledge and expertise.
It is a great idea to ask for a few more introductions to people they know who may be able to help you. Always send a thank-you note that briefly reviews your discussion, what advice you used and how it will or has helped you. When you show appreciation for their advice, they are more likely to help you in the future, or share information of which others may not be privy. You will begin to make excellent contacts and learn key elements regarding your specific market. This is how you become a commercial real estate insider.
Beyond meeting the people who make the big decisions regarding the use of property in your community, you must know the laws and regulations regarding the various types of zoning. Zoning labels may differ from city to city, as do building criteria, the size of lots, building and fire codes, and limitations. You must study these rules and regulations so you know what you can and cannot do to a property. As these rules and regulations often change, it is important that you listen and take solid notes at all zoning and planning meetings, and other important real estate related meetings you might attend.
Your goal is to know your market inside and out so you can make decisions based on the changes in the market before anyone else even knows they are coming. You do this by recognizing certain points, such as an increase in vacancies of commercial property, or an increase in the median home price, or how the new mall planned to be developed in one year is going to greatly affect the land values around it.
In addition to understanding your own market, you should be reading the newspaper, trade journals, commercial real estate books, attending seminars, and speaking with others in your area who are involved with real estate so that you are constantly increasing your knowledge. It is with this constant training that you will learn strategy, finance, information about private lending, how to find deals, how to present offers, what markets are hot, new opportunities in the area others are not aware of, and many other tools and strategies that will keep you ahead of the rest.
To be a real estate insider, you must always be on your game. Make those contacts. Ask pertinent questions. Learn everything you can about your business, and act on this information. You will find yourself finding opportunities that you did not know existed, and you will become a commercial real estate insider sooner than you would think!
Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.
Real Estate Questions and Answers
Author: realestatebasebr
Source: articlesbase.combr
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Real Estate, real estate agents
Author: smithrickybr
Source: articlerich.combr
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Real estate includes land in all the forms. These forms of land include land such as trees, water, and permanently attached items to it which includes fences, building and among others. The term Real Estate is directly related to land. It is used widely in the context of retailing, offices, manufacturing, housing, farming, worship, houses and among others. We could include all the activities related to the property under Real Estate. People who are involved in the real estate sector aim to value add the land by developing it or adding structure to it. These tricks are to enhance the value further of any given property. Since ages the Real Estate sector has existed however in the recent few years the Real Estate industry in India and across has witnessed boom. It has grown as a second largest employer. With its revenue close up to US $ 12 billion, it further aims to grow estimating up to 30% per annum. The statistics above proves that the Real Estate sector is emerging as an important source of income in the economy today in India and across. The Real Estate sector has provided employment not only in the field of Real Estate but also to various other fields like; developers, constructors, architects, designers, landscapers, engineers, market researchers, financial analysts, construction workers, sale leasing personnel, and among other fields that are aligned or work closely with the Real estate sector. This proves Real Estate sector as a boon in todays economy providing employment to various people who specialize in the relevant field. However strong the Real Estate Sector is which is proved from the above data, it has its own flaw. The Real Estate sector proves to be sensitive to any fluctuations in the economy in India or across. The slightest of the fluctuation, can either create wonders or hazels for this sector. This is due to the simple fact that complete transaction of the property is directly depending on the common people who in turn are affected by the fluctuations in the economy of a country. In spite of the flaw mentioned the fact remains that the Real Estate Sector is the second largest sector growing in the Indian economy. It strongly aims at the expansion of the land by developing various office buildings, hotels, apartment buildings, or houses in any particular area. While talking on the job opportunity the Real Estate sector has provided opportunities and with the major responsibility lies on the Real estate consultants and Real estate agents. They aim to provide a complete solution to the investor and new clients in the field of Real Estate. The increasing progress in the field of Real Estate and various constructions the end-result of the Real Estate sector is to provide the space being well constructed for sales and lease, impacting the complete transaction of the property. Thus Real Estate sector proves to be a boom not only to the people but also to the economy of the nation.br
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For Indian Real Estate portal, real estate consultants, a href=http://www.jaaydaad.com/ target=_blank rel=nofollowcommercial real estate/a visit a href=http://www.jaaydaad.com/ target=_blank rel=nofollowhttp://www.jaaydaad.com/abr
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Factors to remember before investing in real estate
Author: Jeff Adamsbr
Source: articlesbase.combr
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Many investors are moving from stock market to owning rental real estate. Buying rental property is a good way to build wealth. Once you have decided to buy rental property, your real work begins. Finding a profitable rental property usually takes plenty of time and research work.Some people buy and sell investment property within the short period for profit. Some buy and let to achieve a rental income and accumulate equity, for long term. Decide how long you would like to keep the rental property before owning it. The longer you keep the property, the more you have to invest in maintenance, repairs and improvements. If youre thinking of buying a rental property for a shorter time horizon, you may lose value of the property if youre buying in an overheated market. For small investors, long term ownership is better. Careful consideration must be given to location. Decide whether you want to invest in your local area or invest in a hot location which may provide more attractive investment options. Property price must also be considered, with widely varying properties available at all levels of investment. A lender can advise you on how much you can borrow to invest in property, along with any further costs or fees involved. A solicitor can advise you on legal costs, disbursements and stamp duty cost if applicable. There are several ways of finding real estate properties. Some ways are print media, networking, directory assistance and internet. Just browse through print materials like books on real estate business, real estate magazines and newspaper listings under investment properties. By using these materials you can find top companies that provide real estate services. After gathering the prospective companies, list at least three to consider. After finding three best companies, compare their available services and rates to get the best option. Also check their honesty, efficiency and track record. Try to pick a firm that can guide you in expanding the profit making possibilities for your real estate investment. Take help of family and friends in finding a good real estate service provider. You can get reliable referrals from people whom you trust. Remember to still do cross checking with the referred companies. You can actually ask some of their clients for the kind of services they deliver. That way, you can get real testimonies. You can ask for directory assistance and ask the operator for the contacts of companies doing real estate investment services. With this method also you have to do your homework on background checking your short listed companies. Last but not the least there are several websites that you might want to check out to get a glimpse of these companies services.br
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pJeff Adams is an author for a rel=nofollow,nofollow href=http://www.realestatewebprofits.com/ title=Real estate InvestmentReal estate Investment/a. He has written articles a rel=nofollow,nofollow href=http://www.realestatewebprofits.com/ title=Real Estate InvestingReal Estate Investing/a. For information visit our site a rel=nofollow,nofollow href=http://www.realestatewebprofits.com/ title=real estate investor websitesreal estate investor websites/a/pbr
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Investing in Real Estate Today: Good Idea?
Author: Daniel Mc Greybr
Source: articlesbase.combr
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The real estate market, like other sectors, was also battered by the recession. Even now that the feared “R word” is technically over, analysts expect its tail to lash at the economy. That brings us to the question: Is investing in real estate today a good idea? Experts are divided on this but actually, we are asking the wrong question. What we must think about is want branches of real estate are thriving despite the economic slowdown. Believe it or not, there are methods of investing in real estate today that result in profits despite the harsher times. Some of these are rehabbing and wholesaling. Rehabbing houses is buying a cheap property, making improvements to raise its value, and then selling that property for a higher amount. This business is flourishing today primarily because of the low prices of properties that may be rehabbed. Fixer upper homes, or distressed properties, and REOs (real estate owned properties) are selling for bargain prices nowadays. The affordability of these houses entices investors who have little capital to try it. So if investing in real estate was only for the ridiculously rich before, now even common people can venture in it. Neophyte investors are also testing this business they can seek financing from many sources. Banks and other traditional lenders are releasing loans. For borrowers who do not have a good credit report, you can turn to private lenders. Ask relatives or friends who might have ready money and want to use this cash to earn profit. Experts believe that rehabbers will not run out of properties to fix and resell, at least in the coming years. More houses are being foreclosed and sold by owners who are struggling financially. That means you will not run out of products to sell. Buyers are also taking advantage of the opportunity to own a home at relatively lower prices. Another hit strategy of investing in real estate is wholesaling. Also called flipping houses, this is placing a property under contract to buy it. You will then find a buyer who will close the deal for you. Wholesalers are paid assignment fees. Since you don’t need to buy the house but merely put it under contract, you don’t need any financial capital to start in this business. This legit scheme is related to rehabbing because many wholesalers sell contracts to rehabbers. In short, they find houses for rehabbers who then sell houses to end-buyers, or the new home owners. Whatever kind of investing in real estate you choose, what is important is you know what you are doing. Research on these methods at REIwired.com today. This website contains articles and videos beginners and even veteran find useful.br
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pRehab Real Estate is your perfect guide to the exciting and lucrative world of real estate investing. Whether youre into rehabbing houses, property investment buying, or fix and flip, well teach you everything you need to know so that youll earn MAXIMUM PROFIT in each and every deal./pbr
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Boston Real Estate – Interest Rates and Inventory Must be Analyzed when Selling Your Boston Home
Author: Jay Rooneybr
Source: articleage.combr
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When selling your Boston home, its good practice to be aware of what similar homes in your neighborhood have recently sold for. Recent comparable sales are not only what a good Boston real estate agent should use for guidance when pricing your home, but also what a bank appraiser will use if and when your buyer applies for a mortgage to buy your home.
(Keep in mind though, that very rarely will you find a perfect comp for your home. Unless the home next door to you sold yesterday and it was exactly the same house, there is no perfect comparable for your home. A good Boston real estate agent should be able to come up with a list of five to ten comparable properties that sold within six months of the date of analysis. Your agent should then be able to make adjustments for location, size, condition, and other variables to come up with an appropriate suggested asking price for you home.)
But as important as recent comparable sales are in the process of appraising property, they should not be the only measuring stick you and your agent use when pricing your home. Even if the house next door to you is exactly the same as your home and it sold two months prior to the date you attempt to price your home, there are two other very important factors that you must be mindful of when pricing and selling your home: interest rates and inventory.
The effect that the interest rate has on the activity in the Boston real estate market and the economy as a whole can be classified as Economics 101. The more people have to pay in interest, the less they can pay toward the principal, and the less they can pay for your house. You must be mindful of this extremely important factor when attempting to price and sell your home. If the home next door to you sold two months ago, it may have been the same exact home in the same exact condition, however, the interest rate may have been lower or even higher when that home sold two months ago. The interest rate factor will greatly affect the sale price of your home and should be given a ton of consideration during the market analysis process. Your Boston real estate agent should be well aware of changes in interest rates and be able to answer any questions you might have on this topic.
The other factor that must be weighed when appraising value is the inventory of comparable homes on the market, which can sometimes be more important than recent comparable sales. If there were very few properties on the market like the home next door to your home when it sold two months ago, then it was a good market to sell in as demand was (most likely) greater than supply. If two months later you decide to sell and there are fifty other homes similar in size and condition on the market, then you will have a more difficult time than your neighbor did, as supply is (most likely) greater than demand. There are certainly exceptions to this rule and there are other variables that come into play, but the inventory of comparable homes and the average days on market of those homes should definitely be given strong consideration during the market analysis process.
(This is especially true when pricing and selling Boston condos, South Boston condos and Dorchester condos. Heavy condo development over the last five years has lead to a surplus in these areas. Your Boston real estate agent should be aware of the absorption rate and be able to inform you of the normal and healthy number of listings that should be on the market in your neighborhood at any given time.)
In conclusion, recent comparable sales will give you very good insight when attempting to arrive at an appropriate suggested asking price for your home, however, you and your Boston real estate agent must also be mindful of recent activity in interest rates and the inventory of homes you will be competing against if you decide to sell your home.
Rooney Real Estate is a full service residential real estate company servicing South Boston, the South Boston Seaport, and Dorchester for more than twenty years. In 2003 Rooney Real Estate was recognized by LINK, the Listings Information Network, as the top real estate firm in South Boston, MA, in total sales revenue. On May 10, 2005, MLS (Multiple Listing Service) listed Rooney Real Estate as the top firm in South Boston, MA, in total sales and total dollar volume thus far in 2005. Rooney Real Estate also has an unparalleled record of giving back to the youth sports leagues and non-profit organizations in the communities they service.
Call 1-866 ROON DOG, or visit www.rooney-re.com for more information.
Jay Rooney is a Vice President and a licensed Sales Agent at Rooney Real Estate, Inc., in Boston, Massachusetts. He is currently regarded as one of the top listing and selling real estate agents in the Boston real estate market and has won numerous awards for his real estate achievements. Email Jay at jay@rooney-re.com with questions about this article and for all of your Boston real estate needs. More information about Jay can be found at http://www.rooney-re.combr
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Mexico Real Estate – Top Retirement Lifestyle Choice for Canadians
Author: Thomas Lloydbr
Source: articlesbase.combr
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A Mexico Retirement for Canadians includes one of the most important factors to consider in your retirement; lifestyle. While budget and cost of day to day life are also a very important factor, the strong Canadian dollar, and continued price reductions in Mexico Real Estate make Mexico Retirement the perfect choice for the budget side of things. Yet, just as much as money, when you choose your retirement location, lifestyle and level of comfort and convenience must be considered, and when youre living in Mexico these items go happily hand in hand with the excellent budget choice it presents. First of all, lets quickly review why Mexico is an excellent option in terms of budget for Canadians who will soon be retiring. Anyone watching the Canadian dollar will know that it recently gained considerable strength on the U.S. dollar, hovering between 94 and 96 cents US. Since real estate for the international market is sold in U.S. dollars, this means Canadians currently have a lot more buying power than a year ago when the dollar was sitting around 80 cents U.S. This new buying power will mean either you can step up your luxury and comfort level one notch, or it means you can save a 10s of thousands dollars (or even 100s of thousands, depending on your budget) in your Mexico Real Estate purchase. Furthermore, as the recession is drawing to its end, Mexico properties are still being offered at reduced prices br
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pa rel=nofollow,nofollow href=http://www.topmexicorealestate.comMexico Real Estate/a NETWORK; Mexicos Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely! Region: a rel=nofollow,nofollow href=http://www.topmexicorealestate.com/playadelcarmen-real-estatePlaya del Carmen Real Estate/a by /ii /bThomas Lloyd/b graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. You can contact him at (512) 879-6546./pbr
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