‘Fraud’ is that one word you’d rather do without when it comes to making mighty transactions. And if we’re talking mighty, we’re talking real estate. Getting trapped in a real estate fraud is among the worst ways to lose large sums of money, and you end up not getting what you had paid all that money for. Here’s what you need to do to keep yourself out of such trickery.
Identify Whose House It Is, Really
‘Title Fraud’, also known as identity theft, is a property owner’s worst nightmare. Tricksters forge documents by changing the property owner’s personal details to match theirs. Once the property and all the documents are transferred to their name, they procure a new mortgage against this property and seal the deal. Taking back your house after that is quite a hassle. In fact, what if they sell your property?
In addition to thoroughly verifying who the property belongs to, you can opt for a ‘title insurance’, which protects your property title against fraud. This also guards a new owner against existing claims, such as unpaid property taxes, unpaid utilities, and unpaid mortgages.
Being a modern country, the search for and identification of desired property in Singapore are accomplished by having access to website portals, agencies and exchanges, guides and classifieds.
Different ways to locate and identify properties
With the great strides made in the tech and telecommunications the search for real estate, like everything else has been highly automated.
This is perhaps the easiest and primary method that people in Singapore use when searching for property. With a click of the cursor an untold number of sites can be browsed to provide an unending stream of information on real estate bargains, sites and prices that boggles the imagination.
One website alone may itemize literally thousands of apartment entries.
The most sought after website in Singapore is STProperties (owned by the local newspaper) which has been known to list an astounding 24,856 real estate of all shapes, sizes and prices.
The Singapore R.E. Guide is a popular reference aid to Singaporeans.
The guide is surfed on the internet and it provides a wealth of information.
It itemizes a fine
For Singapore, it is not difficult to identify the terms used in real estate transactions. All of the terms reflect a widespread use of English in the realm of communicating and this singular usage has resulted in a highly developed real estate lingo which has brought together the four main racial groups into a harmonious whole. This is reflected in the dynamism of the city state’s real estate landscape.
The professionals of real estate
In Singapore, professional names and terms are accorded their proper place in real estate transactions.
In regards to realty terms used, there is no doubt that ethnic groups do have their own terms in their own different languages, but these have largely failed in establishing a niche so as to become part of the real estate parlance.
The use of English terms in the real estate environment is predominant.
Semi-detached – 2 houses that share a common wall, but keep separate gardens.
Linked house – 1 of 2 landed houses joined to the other by a common wall separating
Have you ever gave any thought to moving overseas? Some of the potential benefits of living overseas could include: lower cost of living, improved lifestyle, more rewards, richer life. However, living overseas can also be more stressful and could end up making you unhappy instead of happy. According to a article, before you make the move you have to be sure that everyone involved is on board. Another tip is to image if you move to another location with in your current country and if that would be stressful. If the idea of having to find a new grocery store and place to get your education is stressing you out than moving overseas would be even more stressful. In another article it discussed that before you make the move be sure that you make yourself a checklist to follow. Some of the items on this checklist includes: making a list to follow, getting all the necessary paperwork in order, getting yourself travel insurance, getting yourself a check-up, how you are going to sell off your extra goods, and how you are going to get there, what kind of drivers license you need, your finances, finding a
I previously shared the steps for creating a professional plan for a real estate project; the importance of obtaining third-party validation; advice in how to find the right financing sources; and suggestions on presenting the project professionally, then closing the deal. This approach will enable you to obtain financing term sheets, letters of intent and/or financing commitment letters from lenders if your project is financially feasible and falls within the lending parameters of the financing institutions that you approach. Nevertheless, financing always requires a cash contribution, as 100% financing is not realistic in today’s market.
Lender requirements for cash equity contributions, deposits or down payments, typically fall between 15% and 40% of the total project cost (85% to 60% Loan-To-Value ratio). A portion or all of the equity value in the property can sometimes help reduce the cash deposit requirement, but it is very unlikely for a conventional lender to completely eliminate the cash contribution requirement because lenders want to ensure that the principal(s) are vested in the project, or have “skin in the game”. The cash deposit is necessary to close the loan and obtain financing.
So, where does the cash deposit come from? There
In France, the overriding mentality in real estate calls for centralized, efficient and well organized bodies that coordinate the search, buying and selling process and the closing of a deal between vendor and purchaser. Unlike other countries, only a few professionals are involved in the transaction.
Property management and experts
Four main organizations exist in France purely for the provision of expert personnel who can provide assistance to people involved in real estate, whether they are buying, investing or renting accommodation. Of the four operating real estate bodies, the most popular is FNAIM or Fédération Nationale des Agents Immobiliers.
The abbreviation FNAIM can be translated into “the French national real estate federation”.
- It touts a yellow cube as its logo, coordinates the operations of 8,000 agency branches and employs 37,000 professionals who specialize in offering services ranging from property sales, to consulting. It has very strict work ethics, integrity and professionalism which both management and employees abide by and all employees are licensed professionals.
- It represents and defends its own professionals and their clients, the consumers by creating a sound relationship with the authorities.
- It provides expert and updated
Adverse Possession is the method of acquiring valid ownership over a piece of land, which is originally owned by someone else. There are a specific set of conditions that need to fall in place for the transfer of ownership to take place. Most of the people are not familiar with the legalities that govern such a transfer of ownership, and that leads many disputes between the original owner and the adverse possessor. Here is what you, as a landowner, need to know about this real estate term:
Legal Requirements For Adverse Possession
Some people are of the opinion that mere possession of the land over a fixed period of time is enough to qualify for this type of possession. This is absolutely untrue. There are other conditions that must be fulfilled, such as uninterrupted and exclusive possession, and open and notorious actual occupancy. The party applying for adverse possession, needs to clearly prove that it has fulfilled all such requirements in the court. Only then will they get a valid title for the land.
Span Of Possession
While the period of possession is not the only criteria for acquiring adverse possession, it is an
Choosing the perfect investment avenue for yourself can be a strenuous experience, if you are not aware of the various options available. According to most investment experts, real estate and stocks are the best bet, when looking for a new investment. While both have their advantages, you cannot overlook the negative aspects as well. Here is a comparative analysis of property investments and stock investments-
1. Middle-Class Friendly
Real estate includes houses, apartments, hospitals, and other tangible things that middle-income and even lower- income groups are familiar with. This is in stark contrast to stocks, as the general population knows minimal about the latter. Hence, they prefer investing in property over stocks.
2. Safer Investment
Compared to stocks, which have a higher risk factor involved, property investments are relatively safer. While both real estate markets and stock markets are quite turbulent, the former has a bigger safety net. The reason being that with property investments, not much is left to chance.
1. More Research Involved
Stock investments are pretty straight forward and don’t require excessive research on the investor’s part. However, real estate
This is where this article comes to your rescue. The following tips will help you get more acquainted with the real estate market, so you can hold your own when pitted against a real estate expert. Read on to know what to do, in order to get a hang of the workings of a real estate market:
Tip #1: Study The Latest Pricing Charts
This may sound boring, but keep a track of the latest prices in your locality on a regular basis. Over a period of time, you will learn the intricacies of changing realty prices and the factors that play a role in stimulating appreciation and depreciation. Also, make sure you compare the prices of neighbouring regions with your locality. This will tell you where the highest and lowest real estate demands spring from.
Tip #2: Research The Causes For Price Fluctuation
Real estate prices are not independent as there is always a driving force that causes the fluctuation. This can be due to various factors such as, a new school or mall that opened in close proximity to the house, or even the changing market forces of demand and supply. Consider
When you have a garage or outdoor shed in your property that is no longer being used, one option that you can consider for putting this space to good use is to convert it into a granny flat. This miniature house of sorts has become a popular fixture in many Australian homes because it offers a great way to utilise space in a residential property as well as save on rental costs that a person would have to pay if he were to settle into a place elsewhere.
This second dwelling can be fixed up to be attached to the house or separated. Many property owners choose to build it as a separate structure so that it would not disrupt the original house, which could involve high renovation fees.
Not just for grannies
The name “granny flat” is said to have come from the fact that these structures would be used by families to provide a separate living space for their ageing or disabled parents, so that they could maintain some degree of independence while still remaining within the family property where they can have company, assistance or any help that they would need.
Over the ages of professional real estate signage has played an important part. Passersby are attracted by signs and people who are looking for the houses can find them easier. People frequently go out on the weekends to look at houses with for sale signs hanging in front of them. While that is happening less and less the real estate sign still holds power and very few companies have changed them over the years.
Coldwell Banker uses a white background sign with a blue logo that is easy to distinguish from most other signs. Over the years little has changed about this sign. A new 3D sign was released not too long ago but only the effect of the design is changed, the core elements remain the same. The only major real estate company that you could confuse a Coldwell Banker sign with is Windermere. Windermere signs also use a white background but the text is also displayed on that white background. What makes it easy to confuse for a Coldwell Banker sign is the blue backgrounded for sale label that runs across the top of the sign.
Sotheby’s sign is relatively close to both Coldwell
A few years ago, house flipping became a big business. It became so big that there had been more than five reality shows about house flipping and these shows rated high on viewership. In 2015, house flipping is still a very profitable real estate business, which you can get into if you have enough capital. House flipping is basically buying an abandoned house, renovating it then selling it at a good price. If you are interested in getting into the house flipping business, you need to know the people you should hire in order to help you from start to finish.
1. A reliable architect
Architects may be well-known as house designers, but they are also good in checking the state of a building-whether it is well-built, strong and whether you can change some parts of the house without sacrificing stability. Having an architect in your team is an advantage to your flipping business because some of your competitors may not have their own architects. Choose an architect who has a good record and who is willing to do the job based on your budget.
2. A good interior designer and decorator
Apartment is defined as, a set of rooms which have all the facilities like a house. The major types of apartment are studio apartment, bedroom apartment, duplex, lofts, garden apartment. If I was asked where I would I prefer to live in a traditional house or in a modern apartment building, I think, I would hesitate to answer. This question, from my point of view, is a controversial one. In the following paragraphs I will analyze both these options and present my view.
It’s everyone’s dream to have a comfortable place to live. As the majority of people say, I want to get an attractive house someday, but unluckily it is not so easy to get because it is very costly. But there are several differences between owning a house and renting an apartment. The first difference is the noise. If you are renting an apartment and you are a noisy person, it is very painful for the rest of the people who live with you. For example if you are always playing melodic instruments, listening to loud music and cleaning the house with noisy machines you are really troubling the other people and I’m sure that
Bangalore is popularly known for its global IT firm and job opportunities in some of the big companies, but other than that, it boasts of some of the posh properties. With a pleasant weather, trendy and a stylish life style, people are now more inclined towards owning and purchasing properties in Bangalore. The city is now seeing some serious changes in terms of new house projects and developers trying their best to deliver the housing solution. There are many housing projects which are aiming to create a big change; some of the project would be Golden Gate, Shriram properties, Purvankara etc.
Kinds of property you will find
You should be able to decide and then choose what kind of property you are looking for, whether it’s an apartment, independent villas, simple one room flat, whatever may be your choice is, and you can narrow down your selection based on location as well to get your ideal property. If you have budget restraints, you don’t need to worry; you will get property according to your range. But it is quiet expected that, if you wish to stay in central part of the city, property would cost more
The security of living in Costa Rica will be determined by the region chosen. It is important to choose calm neighborhoods that are known for low crime and violence. Costa Rica is a peaceful nation, and most areas are perfect for retirees. Some of the top areas to live in include San Ramon in Central Valley which has been named as the top destination for retirees looking to spend golden times during their golden years. It is less crowded since tourists bypass the area and features elegant houses and peaceful neighborhoods. The Southern Zone that consists of Unite, Dominical and Epochal also offer perfect tropical environments to live in. Other areas include the Cahuita region that presents excellent Caribbean coasts with long beaches and a wide variety of activities to engage in and a friendly easy-to-immerse in Afro-Caribbean lifestyle. For lovers of nature, the Arenal region presents a perfect residence with long stretching green landscapes and volcanic mountains, lakes and rural communities that live peacefully. Enthusiasts can opt for Jaro area of Central Pacific Coast, which offers a resort town with bustling fun activities. In Costa Rica, there is no limitation on the hobbies and activities. The environment
Living in your own flat or house provides you with the great feeling of security, independence and happiness. The ultimate dream of everyone is to own a place to live. When a person starts to earn, the first thing that comes into his mind is to own a house and starts to save a lot towards this purpose. When it comes to own a house, you have got two options, buy a ready possession flat for sale or buy your own land and build a house in it. Both these ideas have their own advantages and disadvantages. Let’s analyse some of them to decide between these two great options to own a living space for ourselves.
Building Your Own House
Every person has a dream to construct a house that suits to the needs and requirements of the family members. It gets fulfilled when you plan and construct a house for you. Here, your liking and preferences of interior decoration, a color of paint, types of tiles and marbles and a lot of other features of the house give preference. You can choose between costly and cheap materials of construction. You can supervise the laborers and
When people usually think of real estate value they think of two forces; supply and demand. Yes, this is correct; however supply and demand only fall under the one of the four main categories that drive/depress real estate value. Supply and demand fall under the economic category of influences in real estate value. The other three include; social impact, government subjection and environmental forces.
When looking at social impact, there are a few things one would want to consider determining the effect it will have on real estate value. Most of all the value would fluctuate accordingly with population characteristics. This tie into the potential for demand in the economic section of value; the more demand, the more value a property can derive. Population however should be looked at in more depth by breaking down the sample by age and gender, rate of household formation and partition, as well as analysis of the social values such as education, law and order, and lifestyle preferences. Careful consideration of these factors will help establish trends in what would be reflected in real estate values.
Next is the government subjection, accounting for a large aspect of real estate value.
Property consisting of land and the buildings, as well as with its natural resources such as minerals or water, crops, immovable assets of this nature and buildings or housing in general. The business of Real Estate is the profession of buying, selling, buildings or housing and renting land. Before going ahead, some IMPORTANT factors about estate should be kept in mind to do your job well.
Types of Real Estate
Containing either a single family or joint family, that is available for non-business purposes. There may be different types of housing tenure also, and the size of an apartment or house can be described in meters or square feet. But the area of “living space,” excluding the garage and other non-living spaces may differ in some countries.
• Real Estate Investment
This Investment is the thing that GENERATES income or is otherwise intended for investment purposes. Investors own multiple pieces of real estate, which serves as a primary residence.
It is a property that is used the design for business solely. For instance, commercial estate includes restaurants,
If you think that only the warmer months of the year are good times to sell your house, think again. The colder months brought by the upcoming holiday is also a good opportunity to sell your house. Listed below are some of the reasons you can take advantage of.
Fewer home owners sell during holidays.
The holidays, specifically Christmas, send signal to many homeowners that it is an inappropriate time to let their homes stay on the seller’s market. Many homeowners are also busy with their shopping lists , gift-giving, and Christmas parties.
This creates a unique opportunity for you because their will be fewer competitors. This means more chances for your house to get noticed by more buyers who are also taking the opportunity toBUY their new homes.
One precaution to observe is to have your house in its best show condition. Have it clean, simple, and attractive.
Home buyers during the holidays are serious buyers.
The Christmas season is a time when most people busy themselves with various activities related to this festive time of the year. Do you think home buyers during this time will waste their