February 12, 2012
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Excerpt: When assessing the value of a property, many investors and other commercial property buyers look at comparable sales to determine the true current market value of a property. The comparable sales can show you exactly what properties are selling for, not just the asking price. If you know three or four properties of similar characteristics sold for about the same amount, then you can determine what the value of your property is. Don’t ever just look at the asking price, as it can be as far off as the owner wishes. He or she may be dreaming in regards to…
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February 12, 2012
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Excerpt: Do you want to invest in profitable property or simply buy a new home at a bargain price? If so, you want to consider property auctions. Properties sold at auction are often owned by mortgage lenders after repossessions, former council / housing association homes or have being empty for some time after the owner passed away. In each case, the owner has put the property on auction for a quick sale and this can lead to some great deals on the market value. Finding an auction As auctions tend to cater for property professionals, rather than the general public, advertising and awareness of auction…
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February 11, 2012
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Excerpt: Looking to quickly build a million pound property portfolio? You could try a high risk and speculative technique that has been used over recent years by investors hoping to make big profits from property. The technique relies on re-mortgaging and negotiating good discounts on off-plan property to take a £50,000 deposit and turn it into a million pound property portfolio within a couple of years or less. How does it work? The technique only works in areas where house prices are rising fast and opportunities exist to purchase off-plan properties, where discounts of up to 15% are not uncommon. Investors begin by purchasing one…
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February 10, 2012
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Excerpt: What is Conveyancing? – The term ‘Conveyancing’ refers to all the legal and administrative work associated with transferring the ownership of land or buildings from one owner to another. Generally conveyancer or solicitor performs the process of property conveyancing; and conveyancing involves the transfer of property ownership from one party to another. Conveyancer or solicitor should be licensed holder. Find a Licensed Conveyancer: – To find a licensed conveyancer that specializes in real estate property conveyancing in Australia, search under terms such as “online conveyancing services” or “conveyancing Australia”. Rapid Conveyancing.com offers an online conveyancing solution for anyone planning to…
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February 10, 2012
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Excerpt: Your lender is one person that can make or break you with finances towards your home. Before you become involved with anyone that will involve your money, you need to make sure that they are going to offer you the best. Once you know some basic concepts, you can begin to find a lender that will fit your needs. The first set of characteristics that you will want to look for with a lender is with the type of loans that they will offer and the policies that are set next to them. The loan that…
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