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Home arrow News

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A blog of all section with no images

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‘Risky’ Loans Don’t threat Lenders
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Print E-mail

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Monday, 11 September 2006

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So long as your creditworthiness is pristine and the property you want to buy appraises for the loan you seek, high-leverage mortgages, which some have considered among the riskiest, will continue to make easy mortgage money, well, easy.

Due largely to falling and flat home sales and prices, lenders have stiffened underwriting standards on the collateral end of the deal by more carefully scrutinizing appraisals, home inspections, market conditions and other property value indicators.

Read more...
 
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World Trade Centre Residence projects on schedule
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Print E-mail

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Monday, 11 September 2006

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nother major milestone of the World Trade Centre Residence (WTCR), a state-of-the-art luxury residence in downtown Dubai, has been achieved with the completion of the project’s seventh floor.

When completed, the 40-storey WTCR will house 377 exclusive apartments. The project, which began superstructure work in November 2005, is scheduled for completion in December 2007.

Read more...
 
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Consumers make grades to rate their Agents
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Print E-mail

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Monday, 11 September 2006

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In some parts of the country there are more real estate agents than there are transactions. That can pose a disturbing problem for the consumer -- with so many sales professionals vying to help buy or sell homes. .

In real estate, consumers are faced with a difficult problem. They are bombarded by agents who make promises but sometimes don’t keep them. “Consumers are looking for four things from professional service providers. They are looking for consistency, reliability, professional accountability and responsiveness,” says Larry Romito, President and CEO of Quality Service Certification, Inc.

Read more...
 
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What Buyers should do in Emerging Buyers’ Markets
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Print E-mail

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Monday, 11 September 2006

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Buyers don't quite yet hold all the cards, but they aren't smirking behind the hand they hold without reason.

Economic conditions are poised to give buyers more homes at lower prices this fall and winter, and as luck would have it, it's that time in the annual buying and selling cycle when more motivated sellers are more open to negotiations.

Read more...
 
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Rent determines wealth
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Print E-mail

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Monday, 11 September 2006

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Setting up just how much you want to walk away with each month, however, isn't as simple as adding up all your expenses, tacking on an additional 25 percent and sitting back waiting for the tenants to move in.

One of the most important aspects of the investment game is creating a positive cash flow from your rental properties. The basic principles apply: buy low/sell high; cover your monthly expenses with your monthly rental payments; go to the bank a happier, richer person.

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Real estate overstates itself
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Print E-mail

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Monday, 11 September 2006

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In a slowing market, with four consecutive months of sales declines, you hear a lot about the fragile psychology of the buyer.

But some of the most noteworthy market jitters are coming from Realtors themselves.

The information highway is awash with tales of closing real estate offices and agents heading down river.

Read more...
 
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