The slogan that the residents of Dallas live and work by is "live large, think big." This same slogan can be applied to how investors are thinking about the prime Dallas commercial real estate. The city of Dallas is built upon blazed pioneer trails and the biggest of dreams. The residents of Dallas have a can-do attitude, where any dream is possible. It is because of this undying attitude and intense drive forward that Dallas has become a prosperous and thriving urban center. The city of Dallas is in a full real estate upswing, which is great news for investors.
Predictions for a Further Boom in Dallas Commercial Real Estate
Experts in the industry predict that the economy of Dallas will continue to grow and expand for the next two decades. This figure may even increase as the city continues to develop and to draw new businesses to the area. The Dallas office space market has grown tremendously in the past few years. This is a result of the expansion of the city’s high-tech and manufacturing sectors. Some of the strong companies that reside in Dallas include EDS, 7 Eleven, Texas Instruments, Blockbuster, and Southwest Airlines.
Dallas is also considered to be the cultural and business center for the twelve county Dallas/Fort Worth/Arlington areas. The values for prime Dallas office space and lease property are affordably priced in the high two-hundred thousand ranges. Now, high-end office tower real estate property is well into the millions. However, this is to be expected in any successful city across the country.
Dallas commercial real estate is just at the beginning of its boom. Real estate, in the city of Dallas, has not experienced a downswing like most of the nation. In fact, Dallas real estate is selling at double the national rate. With the continued growth and dynamic economy, another wise investment for an investor to consider purchasing is Dallas industrial space. There are several new planned developments of industrial space in the city of Dallas that will continue to stimulate growth.
Why an Investor Should Purchase Dallas Commercial Real Estate
There are several reasons why an investor should consider purchasing Dallas commercial real estate. One of the biggest reasons is the fact that Dallas is the third largest city in the state of Texas and the ninth largest state in the country. The city of Dallas is considered to be an important hub, world-wide in the fields of computer technology, telecommunications, transportation, and banking. Dallas is a global center for international trade and foreign investment.
The rapidly developing city of Dallas has quickly become one of the most popular cities in the United States. More and more businesses and residents are relocating to the Dallas Texas area to call it headquarters and home. This is one of the reasons that the Dallas commercial real estate market is experiencing such an increase in demand. Each week in Dallas, new businesses, including shopping centers, restaurants, and entertainment options, are announcing their grand openings with great fanfare and success.
If you are looking for an investment with a high return, you should consider purchasing Dallas commercial real estate. The city of Dallas is profitably hot for office space, retail space, and industrial space. This is the best time to invest in this expanding city of prosperity.
Wednesday, December 5, 2007
Miami Dade County Real Estate: Florida's Largest
Known to be the most populous county in Florida, Miami-Dade County was formerly called Dade County and is now referred to as only Miami by most. It is located in the southeastern part of Florida and has a population of more than 2,400,000 making it occupy more than half of the South Florida metropolitan area. The city of Miami is its county seat. The eastern portion of the county is greatly urbanized with several towering structures and the eastern part is still underdeveloped and consists of the Everglades National Park. Miami-Dade County was created on January 18, 1836 and was named after Major Francis Dade, a soldier who was killed in the Second Seminole War.
The total area of Miami Dade County is around 2,400 square miles. It is bordered by Broward County to the north, Collier County to the northwest and Monroe County to the south and west. A decade ago the population density was about 1,150 per square mile. In the last few years though the state of affairs has improved much and is expected to get better with time. Real Estate prices have more than double in recent years. Coral Gables, Miami Beach, Coconut Grove, Ventura, Miami Lakes, Hialeah, BAL Harbour, Homestead, Doral are part of Miami Dade County.
Infrastructural facilities in this county are extremely advanced and the proof of this can be had if one looks at the education and transportation systems. In Florida each county also acts as a school district and in the county of Miami-Dade is served by several schools. Higher education is served by various colleges and universities including University of Miami, Miami Dade College, Florida Memorial University and St. Thomas University. In terms of transportation, the number of expressways Miami-Dade County has, very few counties have and this factor leads to heightened connectivity with the other states. Apart from this, a street grid stretches from downtown Miami throughout the country. Since World War I this grid has been there.
Miami Dade County Real Estate in Florida has grown tremendously in the real estate market boom. As an economy, this place is severely dependant on the agricultural sector. Proof to this fact can be found in the massive amounts of traditional and tropical vegetables the county produces along with tropical fruits and other greenhouse products. In the domestic market local produce competes with imports from other countries in Central America, South America and Europe.
With all modern amenities acting to people’s benefit, the county of Miami Dade has a thriving real estate market. Excellent places to live in this county include, Miami, Coral Gables, and Miami Beach. Most of the constructions are extremely picturesque and is one of the reasons why people want to settle here. There are currently 16,185 single family homes and 25,537 condos and townhouses listed in the MLS in Miami Dade County. This record high of homes available for sale is unprecedented and is a clear opportunity to purchase now a home or condo at the right price before this buyer’s market is over in 2008.
The total area of Miami Dade County is around 2,400 square miles. It is bordered by Broward County to the north, Collier County to the northwest and Monroe County to the south and west. A decade ago the population density was about 1,150 per square mile. In the last few years though the state of affairs has improved much and is expected to get better with time. Real Estate prices have more than double in recent years. Coral Gables, Miami Beach, Coconut Grove, Ventura, Miami Lakes, Hialeah, BAL Harbour, Homestead, Doral are part of Miami Dade County.
Infrastructural facilities in this county are extremely advanced and the proof of this can be had if one looks at the education and transportation systems. In Florida each county also acts as a school district and in the county of Miami-Dade is served by several schools. Higher education is served by various colleges and universities including University of Miami, Miami Dade College, Florida Memorial University and St. Thomas University. In terms of transportation, the number of expressways Miami-Dade County has, very few counties have and this factor leads to heightened connectivity with the other states. Apart from this, a street grid stretches from downtown Miami throughout the country. Since World War I this grid has been there.
Miami Dade County Real Estate in Florida has grown tremendously in the real estate market boom. As an economy, this place is severely dependant on the agricultural sector. Proof to this fact can be found in the massive amounts of traditional and tropical vegetables the county produces along with tropical fruits and other greenhouse products. In the domestic market local produce competes with imports from other countries in Central America, South America and Europe.
With all modern amenities acting to people’s benefit, the county of Miami Dade has a thriving real estate market. Excellent places to live in this county include, Miami, Coral Gables, and Miami Beach. Most of the constructions are extremely picturesque and is one of the reasons why people want to settle here. There are currently 16,185 single family homes and 25,537 condos and townhouses listed in the MLS in Miami Dade County. This record high of homes available for sale is unprecedented and is a clear opportunity to purchase now a home or condo at the right price before this buyer’s market is over in 2008.
Los Angeles Real Estate Market Woes
According to a recent article published in the Los Angeles Times, real estate prices are expected to drop across the board in California . In 2008, the California Association of Realtors forecasts that the median price of existing homes will decline 4 per year. The glory days seem to be over as the market readjusts to general softness in home sales. Even though home sales experienced a downturn of around 23 to a record of $576,000. It comes down to another fundamental lesson in supply and demand. The housing market simply is not immune to general principles of economics, as the supply of new and existing homes in California as of August 2007 reached a surplus level where it require around 12 months to exhaust the supply (assuming no additional houses came on the market). The effects of this surplus are beginning to directly impact home prices to the chagrin of sellers. With so many houses on the market it is more and more difficult for sellers to find a buyer.
What does this mean to potential buyers? Potential buyers should look for a decent deal if they are looking to buy a home at this time. Additionally, if a buyer is thinking of buying a house now and reselling in a year or two they might reconsider. While prices might be up in 5 or 10 years it will probably be difficult to sell for a profit in a year or so. What does this mean for sellers. First off there are a lot of homes on the market so it’s a good idea to make sure your home is presentable. Also now is not the time to play hard ball with buyers. I have seen sellers lose a deal by quibbling over the closing date and other such issues. While at the height of the market sellers could be safe in knowing that another buyer would come along shortly. But now sellers should remember there are a lot of houses on the market so a buyer has other options and it might be some time before another contract comes along.
What does this mean to potential buyers? Potential buyers should look for a decent deal if they are looking to buy a home at this time. Additionally, if a buyer is thinking of buying a house now and reselling in a year or two they might reconsider. While prices might be up in 5 or 10 years it will probably be difficult to sell for a profit in a year or so. What does this mean for sellers. First off there are a lot of homes on the market so it’s a good idea to make sure your home is presentable. Also now is not the time to play hard ball with buyers. I have seen sellers lose a deal by quibbling over the closing date and other such issues. While at the height of the market sellers could be safe in knowing that another buyer would come along shortly. But now sellers should remember there are a lot of houses on the market so a buyer has other options and it might be some time before another contract comes along.
Moving to San Antonio Texas
If You Are Thinking About Moving-Think About San Antonio, Texas
Many of you historians know that the Battle of the Alamo took place in Texas in 1836, and eventually the city of San Antonio would grow to encompass the real estate of this infamous mission. This was where 189 defenders held the old mission against some 4,000 Mexican troops for 13 days. And the cry, "Remember the Alamo" became the cry that motivated the Texas Revolution against Mexico. People still find this a moving story of patriotism.
It is clearly San Antonio's most well-known landmark, and is featured in its flag and seal. It is also incorporated into the city's nickname, which is, "Alamo City." As of 2007, the Alamo is considered a shrine and now houses a museum. It is located in the heart of downtown San Antonio. The real estate surrounding the museum is filled with many hotels and tourist attractions.
San Antonio was named for a Portuguese saint, Saint Anthony of Padua. In the beginning, the American Indians lived along the San Antonio River in the San Pedro Springs area. In 1691, a group of Spanish explorers came upon the river on June 13, the feast day of St. Anthony, thus the name San Antonio. The Spanish soon made this real estate a relocation destination for its Spanish pioneers.
San Antonio is a very popular tourist destination. Besides the Alamo, you will also find the famous River Walk. It meanders through the downtown area and its real estate is lined with numerous shops, bars, restaurants, as well as the Arneson River Theater. The River Walk is transformed into an impressive festival of lights during the Christmas and New Year holiday. Since the 1950s and until the present, tourists and locals have strolled along this amazing river on the River Walk and enjoyed San Antonio's history, beauty, real estate and pride. So, if you think you'll enjoy strolling along the River Walk, then you should consider buying real estate and moving to San Antonio.
The downtown real estate also features HemisFair Park, the Spanish Governor's Palace and the historic Menger Hotel. On the northern side of the Alamo complex, beside the Emily Morgan Hotel, is the San Antonio Cavalry Museum. So, if you enjoy terrific museums and hotels then San Antonio's museums and hotels are terrific reasons to consider buying real estate and relocating to San Antonio.
Other places of interest in this real estate market include the following: the San Antonio Zoo, Brackenridge Park, the missions of the San Antonio, Missions National Historical Park, the Witte Museum, SeaWorld San Antonio, Six Flags Fiesta Texas, and Splashtown San Antonio. So, if you enjoy terrific family attractions then San Antonio's many family attractions will be terrific reasons to consider buying real estate and moving to this great relocation.
Beyond taking in the sights and sounds of San Antonio real estate, tourists can sample some of its famous Tex-Mex cuisine at its many fine restaurants. San Antonio is the home of authentic Tex-Mex cuisine. Mexican restaurants are abundant in all parts of town. So, if you enjoy terrific food then San Antonio's cuisine will be another terrific reason to consider buying real estate and moving to San Antonio as your relocation.
Many of you historians know that the Battle of the Alamo took place in Texas in 1836, and eventually the city of San Antonio would grow to encompass the real estate of this infamous mission. This was where 189 defenders held the old mission against some 4,000 Mexican troops for 13 days. And the cry, "Remember the Alamo" became the cry that motivated the Texas Revolution against Mexico. People still find this a moving story of patriotism.
It is clearly San Antonio's most well-known landmark, and is featured in its flag and seal. It is also incorporated into the city's nickname, which is, "Alamo City." As of 2007, the Alamo is considered a shrine and now houses a museum. It is located in the heart of downtown San Antonio. The real estate surrounding the museum is filled with many hotels and tourist attractions.
San Antonio was named for a Portuguese saint, Saint Anthony of Padua. In the beginning, the American Indians lived along the San Antonio River in the San Pedro Springs area. In 1691, a group of Spanish explorers came upon the river on June 13, the feast day of St. Anthony, thus the name San Antonio. The Spanish soon made this real estate a relocation destination for its Spanish pioneers.
San Antonio is a very popular tourist destination. Besides the Alamo, you will also find the famous River Walk. It meanders through the downtown area and its real estate is lined with numerous shops, bars, restaurants, as well as the Arneson River Theater. The River Walk is transformed into an impressive festival of lights during the Christmas and New Year holiday. Since the 1950s and until the present, tourists and locals have strolled along this amazing river on the River Walk and enjoyed San Antonio's history, beauty, real estate and pride. So, if you think you'll enjoy strolling along the River Walk, then you should consider buying real estate and moving to San Antonio.
The downtown real estate also features HemisFair Park, the Spanish Governor's Palace and the historic Menger Hotel. On the northern side of the Alamo complex, beside the Emily Morgan Hotel, is the San Antonio Cavalry Museum. So, if you enjoy terrific museums and hotels then San Antonio's museums and hotels are terrific reasons to consider buying real estate and relocating to San Antonio.
Other places of interest in this real estate market include the following: the San Antonio Zoo, Brackenridge Park, the missions of the San Antonio, Missions National Historical Park, the Witte Museum, SeaWorld San Antonio, Six Flags Fiesta Texas, and Splashtown San Antonio. So, if you enjoy terrific family attractions then San Antonio's many family attractions will be terrific reasons to consider buying real estate and moving to this great relocation.
Beyond taking in the sights and sounds of San Antonio real estate, tourists can sample some of its famous Tex-Mex cuisine at its many fine restaurants. San Antonio is the home of authentic Tex-Mex cuisine. Mexican restaurants are abundant in all parts of town. So, if you enjoy terrific food then San Antonio's cuisine will be another terrific reason to consider buying real estate and moving to San Antonio as your relocation.
The Process Of Buying Arizona Real Estate
The first step when purchasing a home in Arizona is to get pre-qualified for a loan. This is an extremely simple process that only take one phone call to your lender If you do not have a lender, Arizona Coldwell Banker Residential Brokerage can recommend a good lender. During your pre-qualification process, you find out how much your payments will be if you borrow "X" dollars. For example, If you want to buy a three hundred thousand dollar house, put down twenty thousand, and finance two hundred and eighty thousand, you will want to know what your payments will be if you finance this amount. This process determines what your price range will be when searching for a home.
The second step is to find a home you like. Once you find a home in your desired location, your Realtor will help you submit an offer to the seller. The seller can accept, reject, or counter offer. Depending on the sellers response will determine the next step. There is never a formal agreement between the parties until both parties have agreed on the terms and conditions of the contract. Once there is a formal agreement, escrow is opened.
The third step is to conduct inspections which your Realtor will help you with. You hired professional inspectors to make sure the home is in good standings. In every case, there is always something wrong with every house. Even if the home in brand spanking new built in 2007, there will be something wrong. Very rarely will you ever come across a perfect inspection with nothing wrong. Once you find out what is wrong with the house you ask the seller to fix X, Y, and Z. The buyer and the seller most come to terms again. It is a contract within a contract. Once the seller and buyer have agreed on what is to be fixed, the seller makes the repairs and the buyer conducts a final walk through at the end of escrow to make sure all repairs were made.
Step four is to work with your lender to make sure he has everything he or she needs to get your loan done such as pay stubs, W2’s, and bank statements just to name a few items.
Step Five is to conduct a final walk through to make sure the home is in the condition it was in when the contract was first written.
The sixth step is to go to the title company to sign your final documents. Once the funds have been delivered from your lender, all monies are in order, and deed has been recorded in the buyers name, you can receive your keys and start moving in!
All Arizona Real Estate deals are like a fingerprint, no two are alike.
The second step is to find a home you like. Once you find a home in your desired location, your Realtor will help you submit an offer to the seller. The seller can accept, reject, or counter offer. Depending on the sellers response will determine the next step. There is never a formal agreement between the parties until both parties have agreed on the terms and conditions of the contract. Once there is a formal agreement, escrow is opened.
The third step is to conduct inspections which your Realtor will help you with. You hired professional inspectors to make sure the home is in good standings. In every case, there is always something wrong with every house. Even if the home in brand spanking new built in 2007, there will be something wrong. Very rarely will you ever come across a perfect inspection with nothing wrong. Once you find out what is wrong with the house you ask the seller to fix X, Y, and Z. The buyer and the seller most come to terms again. It is a contract within a contract. Once the seller and buyer have agreed on what is to be fixed, the seller makes the repairs and the buyer conducts a final walk through at the end of escrow to make sure all repairs were made.
Step four is to work with your lender to make sure he has everything he or she needs to get your loan done such as pay stubs, W2’s, and bank statements just to name a few items.
Step Five is to conduct a final walk through to make sure the home is in the condition it was in when the contract was first written.
The sixth step is to go to the title company to sign your final documents. Once the funds have been delivered from your lender, all monies are in order, and deed has been recorded in the buyers name, you can receive your keys and start moving in!
All Arizona Real Estate deals are like a fingerprint, no two are alike.
Houston Real Estate Information
What to Look For in Houston Real Estate
It appears that Houston has been one of the few markets in the country that has escaped to some extent the real estate downturn seen in most of the rest of the country. Despite the normal seasonal slowdown in real estate sales at the end of summer, Houston remained ahead of 2005 in terms of sales and pricing and its inventory of homes relative to sales is still well below the 10 year average. This bodes well for both buyers and sellers in the Houston market
The Houston real estate market is experiencing weakness but it remains much better off than the national numbers that have been reported and the numbers that are being forecast. In major listing categories, Houston's overall housing market has seen mixed results with increases in median sales price and average sales price on a year-over-year basis. However, a noteworthy decline is being seen in both total property sales and total dollar volume. Total year-to-date properties sales have been down but not too significantly.
The sub-prime and foreclosure issues are still a drag on prices and sales. Sales prices are holding up relatively well, however, and the mortgage adjustments are working through the system helping to create some stability in the Houston home sales market.
To take advantage of the current real estate situation, you should search out a realtor who has professional experience in a wide variety of properties at different price points. These professionals have the depth of experience to help you determine what price range is right for you, what area is appropriate and what the best strategy is for the sale of your existing home if you are moving up to a larger home.
Establishing a relationship with an experienced realtor will help to make the search for the right home much easier. Real estate professionals make it their goal to keep their finger on the pulse of the market in their area. They know which areas are selling, which are steady, where the best schools are and what the recreational activities are in each area. Establishing your personal criteria with a realtor will go a long way toward making your search for the perfect home in the Houston area a simple job. In summary, the Houston market is still a viable market for both buyers and sellers. As always, the business community is thriving which makes the Houston market even more attractive.
It appears that Houston has been one of the few markets in the country that has escaped to some extent the real estate downturn seen in most of the rest of the country. Despite the normal seasonal slowdown in real estate sales at the end of summer, Houston remained ahead of 2005 in terms of sales and pricing and its inventory of homes relative to sales is still well below the 10 year average. This bodes well for both buyers and sellers in the Houston market
The Houston real estate market is experiencing weakness but it remains much better off than the national numbers that have been reported and the numbers that are being forecast. In major listing categories, Houston's overall housing market has seen mixed results with increases in median sales price and average sales price on a year-over-year basis. However, a noteworthy decline is being seen in both total property sales and total dollar volume. Total year-to-date properties sales have been down but not too significantly.
The sub-prime and foreclosure issues are still a drag on prices and sales. Sales prices are holding up relatively well, however, and the mortgage adjustments are working through the system helping to create some stability in the Houston home sales market.
To take advantage of the current real estate situation, you should search out a realtor who has professional experience in a wide variety of properties at different price points. These professionals have the depth of experience to help you determine what price range is right for you, what area is appropriate and what the best strategy is for the sale of your existing home if you are moving up to a larger home.
Establishing a relationship with an experienced realtor will help to make the search for the right home much easier. Real estate professionals make it their goal to keep their finger on the pulse of the market in their area. They know which areas are selling, which are steady, where the best schools are and what the recreational activities are in each area. Establishing your personal criteria with a realtor will go a long way toward making your search for the perfect home in the Houston area a simple job. In summary, the Houston market is still a viable market for both buyers and sellers. As always, the business community is thriving which makes the Houston market even more attractive.
Jump Into Last Wagon of Opportunities - Dominican Republic Real Estate
Dominican Republic Real Estate - Investing in Paradise
The Dominican Republic is one of the most beautiful Caribbean destinations and is also one of the most exciting emerging property markets in the world. Government incentives to attract high quality sustainable tourism continue to successfully support the countries economy and industry and there has never been a better time to buy a property in The Dominican Republic.
For those who are looking for a guide to property buying in the Dominican Republic, you should know that, in the past twenty years, a very large number of people have been looking for real estate they could use when traveling to the country for holiday purposes. This trend is accelerating and the demand for quality property is increasing significantly.
The most recent development is widely recognized as the largest dedicated leisure resort development in the world and perhaps the last great investment opportunity. It is continually courted by premier international leisure resorts. Understandable when 8% guaranteed rental yield (net of management fees) is available for the first 5 years, even for second home buyers.
The foreign nationals are capable of spending enormous amounts of money on hotel resort complexes and apartment projects. Many buyers of homes and condo’s intend to turn them into second homes or vacation properties. This is mainly because there are many people looking to spend long periods of time in the Dominican Republic. Of course, they are also interested in very expensive villas and estates! And why shouldn’t they be, when the Dominican Republic real estate market is often the target of very wealthy people across the world? The properties for sale in the Dominican Republic can offer them heaven on earth!
The Dominican Republic is approximately 600 miles South East of Florida and about 4000 miles from Western Europe. With flying times to one of the international airports such as Punta Cana or Santo Domingo of 1 ½ hours and 7 hours respectively, the whole country is easy to get to.
The Dominican Republic enjoys a year round tropical maritime climate and it is at the border of the tropical zone. Sea breezes refresh the inland areas, evening out temperature to average 74F (23’C) in the early mornings to 89F (32’C) at mid-day. There is little difference between winter and summer temperature with July averaging at 82’F (28’C) and January at 76’F (23’C). The lowest temperatures occur in the mountain areas, where temperatures have dropped to 32 (0’C), and record highs have been registered at the frontier with Haiti, 102F (39’C) in the summer. The months of May to November are regarded as the rainy season and most rain falls in the northern and eastern regions.
The Dominican Republic is similar in size to Scotland or the U.S. state of Maryland and is the second largest island in the Greater Antilles.
At this writing there are 26 signature golf courses in the Dominican Republic, with more on the way. With its spectacular location and grand vision it is destined to become one of the most prestigious international championship standard Golf and wind-surfing retreats in the World.
The Dominican Republic is one of the most beautiful Caribbean destinations and is also one of the most exciting emerging property markets in the world. Government incentives to attract high quality sustainable tourism continue to successfully support the countries economy and industry and there has never been a better time to buy a property in The Dominican Republic.
For those who are looking for a guide to property buying in the Dominican Republic, you should know that, in the past twenty years, a very large number of people have been looking for real estate they could use when traveling to the country for holiday purposes. This trend is accelerating and the demand for quality property is increasing significantly.
The most recent development is widely recognized as the largest dedicated leisure resort development in the world and perhaps the last great investment opportunity. It is continually courted by premier international leisure resorts. Understandable when 8% guaranteed rental yield (net of management fees) is available for the first 5 years, even for second home buyers.
The foreign nationals are capable of spending enormous amounts of money on hotel resort complexes and apartment projects. Many buyers of homes and condo’s intend to turn them into second homes or vacation properties. This is mainly because there are many people looking to spend long periods of time in the Dominican Republic. Of course, they are also interested in very expensive villas and estates! And why shouldn’t they be, when the Dominican Republic real estate market is often the target of very wealthy people across the world? The properties for sale in the Dominican Republic can offer them heaven on earth!
The Dominican Republic is approximately 600 miles South East of Florida and about 4000 miles from Western Europe. With flying times to one of the international airports such as Punta Cana or Santo Domingo of 1 ½ hours and 7 hours respectively, the whole country is easy to get to.
The Dominican Republic enjoys a year round tropical maritime climate and it is at the border of the tropical zone. Sea breezes refresh the inland areas, evening out temperature to average 74F (23’C) in the early mornings to 89F (32’C) at mid-day. There is little difference between winter and summer temperature with July averaging at 82’F (28’C) and January at 76’F (23’C). The lowest temperatures occur in the mountain areas, where temperatures have dropped to 32 (0’C), and record highs have been registered at the frontier with Haiti, 102F (39’C) in the summer. The months of May to November are regarded as the rainy season and most rain falls in the northern and eastern regions.
The Dominican Republic is similar in size to Scotland or the U.S. state of Maryland and is the second largest island in the Greater Antilles.
At this writing there are 26 signature golf courses in the Dominican Republic, with more on the way. With its spectacular location and grand vision it is destined to become one of the most prestigious international championship standard Golf and wind-surfing retreats in the World.
Saturday, November 3, 2007
The Miami Real Estate Market
The Miami Beach area is in the county of Miami-Dade, Florida. Miami Beach is one of the most popular beach resort communities in the United States and has been for years. It is an area ripe with beach front real estate. Both personal property like apartments and condos, and commercial property as well. Miami Real Estate also is some of the most valued in the land.
Real Estate investing in Miami has received a boost as of late with lots of new beach front condominium developments and has been transformed into being one of Forbes 10 most livable places. A list that includes such other notables as Donald Trump's $125 million Palm Beach estate and Ian Schrager's Gramercy Park in New York.
If one compares the horizon of the beach front area of Miami to just 10 years ago to what it resembles today, you probably wouldn't be able to identify it. The only things that resembles that from the past is it's signature art-deco designs and the beach. A major part of the Miami horizon today is cluttered with building cranes working on various real estate developments.
Many real estate developments in the new Miami Beach are continuations of the world famous South Beach district. It is one of the most popular areas of Miami Beach. An area where topless sunbathing is not at all an uncommon occurrence in certain sections of the beach. It is the area made famous in the Miami Vice television series some years back. Before the exposure this provided it was a quiet area with a lot of empty buildings. By contrast today, it is regarded as one of the ritziest commercial sectors in America.
The residents of Miami Beach are both full-time and the seasonal visitors. This has raised the prices of residences in the area higher than ever before. The Miami Beach population jumped from 88,000 in 2000 to more than 93,500 in 2005, according to data provided by the city. Seasonal residents rose from 14,339 to more than 20,000 and the population does not appear to be done swelling yet.
Real Estate investing in Miami has received a boost as of late with lots of new beach front condominium developments and has been transformed into being one of Forbes 10 most livable places. A list that includes such other notables as Donald Trump's $125 million Palm Beach estate and Ian Schrager's Gramercy Park in New York.
If one compares the horizon of the beach front area of Miami to just 10 years ago to what it resembles today, you probably wouldn't be able to identify it. The only things that resembles that from the past is it's signature art-deco designs and the beach. A major part of the Miami horizon today is cluttered with building cranes working on various real estate developments.
Many real estate developments in the new Miami Beach are continuations of the world famous South Beach district. It is one of the most popular areas of Miami Beach. An area where topless sunbathing is not at all an uncommon occurrence in certain sections of the beach. It is the area made famous in the Miami Vice television series some years back. Before the exposure this provided it was a quiet area with a lot of empty buildings. By contrast today, it is regarded as one of the ritziest commercial sectors in America.
The residents of Miami Beach are both full-time and the seasonal visitors. This has raised the prices of residences in the area higher than ever before. The Miami Beach population jumped from 88,000 in 2000 to more than 93,500 in 2005, according to data provided by the city. Seasonal residents rose from 14,339 to more than 20,000 and the population does not appear to be done swelling yet.
How Did They Make The Dream Called Dubai A Reality
Dubai's late emir Sheikh Rashid bin Saeed Al Maktoum once famously said, "My granddad used to ride a camel, my father did the same, I have been driving a Mercedes and my son uses a Land Rover. Perhaps his son will also do the same, but there is no guarantee down the lane somebody will not be start riding the camels again." He was reflecting his concerns on how Dubai's oil reserves might dry up one day, and the riches bestowed upon his masses will have evaporated. The statement obviously hinted his foresightedness, and also suggested what governing policies he might be thinking about to make the economy be free and non-oil-centric.
Much of the initial thrust to any such policy maneuvering though was given by the discovery of oil itself. Dubai had a phase of rapid urban growth once the oil production began in the late 60s. Investment started to flow in and major multinationals began toying with the idea of getting a foothold there. A free-trade center situated closely to the mainland became an instrument for much of the initial trade and commerce. This was followed by a series of infrastructural developments and the arrival of a huge number of expatriates, many of whom were highly skilled professionals.
Dubai's own twin port across the Dubai creek, Deira had become an equally important destination for the Western manufacturers in those days. Much of the banking and financial activities had been located in the same areas, which made the significance of these two ports fairly large. Construction activities began taking place thereafter on a massive scale, hence pushing Dubai's urbanization in a fast lane. The city carries now several trade-zones, each having a unique role in the overall economy. Service industries such as IT and finance are the latest additions to the increasing trade in Dubai. Air travel has also been one of the big-time gainers with the state-owned Emirate Airline itself carrying over 12 million passengers in the fiscal year 2005.
Dubai government's decision of packaging tourism with the service sector was a crucial one, which helped the economy break away free from its own oil revenues. Not only did it bring in moolah for the trade and commerce, but also brought to the fore tremendous real estate possibilities. Construction has been taking place on a rapid scale since the initiation of those significant policy changes. Projects like Dubai Marina, the Burj Dubai Complex, Business Bay and Dubailand are some of those names that will eventually make Dubai one of the most sought after urban centers in the entire world.
Hotel industry is another key area where Dubai's planners have always had tremendous interest. A recent announcement by the authorities says a mammoth $ 27 billion investment is being awaited in the hotel sector. It will double the current number of hotel rooms, estimated to be around 29,000, by the year 2016. This is a significant development, keeping in mind the rising number of visitors Dubai has been experiencing since the last several years. Projects like Burj Al Arab, the only existing seven star hotel on earth, are just a reminder of where Dubai's hotel industry and the infrastructure as a whole are headed to.
Sheikh Rashid had a dream and the required vision to transform it into reality. He happened to achieve through his sheer belief, what many thought was impossible to carry out. Dubai's ongoing clout in the area of trade and commerce has to be thankful to all such visionaries and the lineage within.
Much of the initial thrust to any such policy maneuvering though was given by the discovery of oil itself. Dubai had a phase of rapid urban growth once the oil production began in the late 60s. Investment started to flow in and major multinationals began toying with the idea of getting a foothold there. A free-trade center situated closely to the mainland became an instrument for much of the initial trade and commerce. This was followed by a series of infrastructural developments and the arrival of a huge number of expatriates, many of whom were highly skilled professionals.
Dubai's own twin port across the Dubai creek, Deira had become an equally important destination for the Western manufacturers in those days. Much of the banking and financial activities had been located in the same areas, which made the significance of these two ports fairly large. Construction activities began taking place thereafter on a massive scale, hence pushing Dubai's urbanization in a fast lane. The city carries now several trade-zones, each having a unique role in the overall economy. Service industries such as IT and finance are the latest additions to the increasing trade in Dubai. Air travel has also been one of the big-time gainers with the state-owned Emirate Airline itself carrying over 12 million passengers in the fiscal year 2005.
Dubai government's decision of packaging tourism with the service sector was a crucial one, which helped the economy break away free from its own oil revenues. Not only did it bring in moolah for the trade and commerce, but also brought to the fore tremendous real estate possibilities. Construction has been taking place on a rapid scale since the initiation of those significant policy changes. Projects like Dubai Marina, the Burj Dubai Complex, Business Bay and Dubailand are some of those names that will eventually make Dubai one of the most sought after urban centers in the entire world.
Hotel industry is another key area where Dubai's planners have always had tremendous interest. A recent announcement by the authorities says a mammoth $ 27 billion investment is being awaited in the hotel sector. It will double the current number of hotel rooms, estimated to be around 29,000, by the year 2016. This is a significant development, keeping in mind the rising number of visitors Dubai has been experiencing since the last several years. Projects like Burj Al Arab, the only existing seven star hotel on earth, are just a reminder of where Dubai's hotel industry and the infrastructure as a whole are headed to.
Sheikh Rashid had a dream and the required vision to transform it into reality. He happened to achieve through his sheer belief, what many thought was impossible to carry out. Dubai's ongoing clout in the area of trade and commerce has to be thankful to all such visionaries and the lineage within.
Information about real estate in Frederick-US Real Estate
The last couple of years brought a lot of changes for the real estate market. People started to be more interested in buying/selling different properties, looking for affordable housing and safe neighborhoods. The Internet helped a great deal to the booming of the real estate industry, providing prospective customers with all the necessary information and free property listings.
Today, the competition on the real estate market is more than stringent. Everyone strives to be the best and few succeed. The Internet holds a lot of websites presenting real estate opportunities, desiring to be of help and offer access to comprehensive online specialized resources.
There are many people who are looking to establish a residence in Frederick, Maryland and use the Internet in order to gather all the details they need. This place is perfect for families, having amazing educational institutions and health care facilities. The rich history and culture, plus the arts and sports attract incredible numbers of future residents and contribute to the flourishing of the real estate in Frederick, MD.
With the help of online sources, one can find news about the most recent property offers in specific areas. These websites can prove out to be useful for anyone interested in real estate in Frederick as they provide extensive data about available properties. They are suitable for both buyers and sellers, helping them to make an informed decision and settle on the kind of property they are curious about.
For interested customers in real estate in Frederick, MD, the World Wide Web can be one of the most useful resources at hand. One can discover the latest trends on the real estate market, receive answers to important questions and evaluate the true value of the property. Also, the specialized services for real estate in Frederick refer to providing assistance for choosing a certain kind of property and be sure it is the right investment.
One can certainly benefit from the help of an expert in real estate in Frederick, MD. Specialists that offer their services online have gathered years of experience in the field and they know how to guide one throughout the entire buying/selling process. They can come up with interesting housing information, even provide a list of possible homes in the specified area and even more compare properties for you.
They need to obtain several information points from their clients in order to able to serve their wishes as best as possible. When it comes to accurate and detailed data for real estate in Frederick, a wonderful place, customers need to be thorough. They have to mention the price range, property type and home size. Real estate agents are true professional; they work real hard and are experts in local property info.
Frederick can be an amazing residence place. The Internet presents various real estate opportunities and one can find almost any kind of property there. People are impressed with the great weather, high quality of life and deep history. For them, it is important to be in the proper environment for raising a family and benefit from the many activities available.
Collecting valuable information about real estate in Frederick, MD, can be easily done with the help of an expert. Choose the websites that inspires most confidence and be sure to check their reputation. Consider the best online resource for you the one that has relevant details, present price range choices and accommodation facilities.
Some people are also interested in receiving data about property comparison when it comes to real estate in Frederick. They tend to make a more effective decision after seeing the resemblances or differences between several properties.
Today, the competition on the real estate market is more than stringent. Everyone strives to be the best and few succeed. The Internet holds a lot of websites presenting real estate opportunities, desiring to be of help and offer access to comprehensive online specialized resources.
There are many people who are looking to establish a residence in Frederick, Maryland and use the Internet in order to gather all the details they need. This place is perfect for families, having amazing educational institutions and health care facilities. The rich history and culture, plus the arts and sports attract incredible numbers of future residents and contribute to the flourishing of the real estate in Frederick, MD.
With the help of online sources, one can find news about the most recent property offers in specific areas. These websites can prove out to be useful for anyone interested in real estate in Frederick as they provide extensive data about available properties. They are suitable for both buyers and sellers, helping them to make an informed decision and settle on the kind of property they are curious about.
For interested customers in real estate in Frederick, MD, the World Wide Web can be one of the most useful resources at hand. One can discover the latest trends on the real estate market, receive answers to important questions and evaluate the true value of the property. Also, the specialized services for real estate in Frederick refer to providing assistance for choosing a certain kind of property and be sure it is the right investment.
One can certainly benefit from the help of an expert in real estate in Frederick, MD. Specialists that offer their services online have gathered years of experience in the field and they know how to guide one throughout the entire buying/selling process. They can come up with interesting housing information, even provide a list of possible homes in the specified area and even more compare properties for you.
They need to obtain several information points from their clients in order to able to serve their wishes as best as possible. When it comes to accurate and detailed data for real estate in Frederick, a wonderful place, customers need to be thorough. They have to mention the price range, property type and home size. Real estate agents are true professional; they work real hard and are experts in local property info.
Frederick can be an amazing residence place. The Internet presents various real estate opportunities and one can find almost any kind of property there. People are impressed with the great weather, high quality of life and deep history. For them, it is important to be in the proper environment for raising a family and benefit from the many activities available.
Collecting valuable information about real estate in Frederick, MD, can be easily done with the help of an expert. Choose the websites that inspires most confidence and be sure to check their reputation. Consider the best online resource for you the one that has relevant details, present price range choices and accommodation facilities.
Some people are also interested in receiving data about property comparison when it comes to real estate in Frederick. They tend to make a more effective decision after seeing the resemblances or differences between several properties.
Is There Still Such A Thing As A Cheap Cyprus Apartment?
Is There Still Such A Thing As A Cheap Cyprus Apartment?
Whilst Cyprus apartment prices continue to rise especially the price of the typical one bedroom property you would expect a cheap Cyprus apartment to be a thing of the past. The truth is that if you know where to start your Cyprus property search there are still plenty of Cyprus real estate bargains out there for those who are prepared to do some homework first. The key to any successful major purchase is research, research and then some more research. So if you are searching for that cheap Cyprus apartment bargain you will need all the relevant information before you get started.
To be fore armed it is advantageous to have at least a rough idea about how the Cyprus property market works and what the differences are to other parts of Europe especially the U.K. Although the legal system in Cyprus is very similar to the U.K. there are some major differences you should be aware of. If you purchase your cheap Cyprus apartment "off plan" or on a new development you will most likely not receive the deeds to your property for several years hence. Instead when you purchase your cheap Cyprus apartment or luxury villa the developer will draw up a contract stating that you are the owner of that particular apartment or plot. This contract will also constitute the specifications of your property including any fixtures and fittings to be built into the final purchase price.
The reason there are no title deeds for your cheap Cyprus apartment or even (if you are lucky enough) your luxury villa is that there is initially only one deed for the whole piece of land that all the buildings are built upon. When the Cyprus developer purchases the land it is usually transferred to him as one plot with one title deed. Once the development is finished including all the roads services and pavements the government surveyors will check the actual development against the original plans before finally issuing separate title deeds for each property. So eventually that cheap Cyprus apartment will have it's own deeds but in the interim the contract between the developer and yourself entitles you to ownership.
If after buying that cheap Cyprus apartment you then decide to sell it on there is no problem either. The contractor will raise a new contract between himself and your purchaser naming them as the new owners of the property. Whilst this system does work very well and has done so for years there are a few things to bear in mind. The first one is that once the title deeds for your cheap Cyprus apartment or villa are ready to be handed over there is a tax due on them. This is a percentage of the original purchase price of your property and at the time of writing this article a £cy160,000 villa is incuring an eventual deed tax of around £cy5,500. So you should obtain at least some idea of how much more that cheap Cyprus apartment will cost you at the end of the day.
Also remember that contract we talked about? The one you set up with the developer when you buy your cheap Cyprus apartment or luxury Cyprus villa. Well, if you do decide to sell before you have received the title deeds the developer will charge you a premium for changing the names on the contract. Many developers are charging a flat fee of £cy3000! to carry out the service of raising an exact same contract with the only alteration being the insertion of a new name. Once again you should factor this into any budget before you buy your cheap Cyprus apartment or villa.
Whilst these hidden charges are not always eluded to when you first start your Cyprus property search there is nothing illegal about them and they are standard fees. The good news is that if you are aware of them at the outset they could make a great bargaining tool. You would be surprised at how many people are totally unaware of many of these factors until after they have made the the bulk of their payments. By then it's too late and that cheap Cyprus apartment isn't such a bargain after all except to the developer, property agent and Cyprus the tax man. If you do your homework without just diving in you can still save a considerable amount of your hard earned cash and still pick up a cheap Cyprus apartment.
cheap cyprus apartment, cyprus apartment, cyprus real estate, cyprus property search, luxury cyprus villa, title deeds
Whilst Cyprus apartment prices continue to rise especially the price of the typical one bedroom property you would expect a cheap Cyprus apartment to be a thing of the past. The truth is that if you know where to start your Cyprus property search there are still plenty of Cyprus real estate bargains out there for those who are prepared to do some homework first. The key to any successful major purchase is research, research and then some more research. So if you are searching for that cheap Cyprus apartment bargain you will need all the relevant information before you get started.
To be fore armed it is advantageous to have at least a rough idea about how the Cyprus property market works and what the differences are to other parts of Europe especially the U.K. Although the legal system in Cyprus is very similar to the U.K. there are some major differences you should be aware of. If you purchase your cheap Cyprus apartment "off plan" or on a new development you will most likely not receive the deeds to your property for several years hence. Instead when you purchase your cheap Cyprus apartment or luxury villa the developer will draw up a contract stating that you are the owner of that particular apartment or plot. This contract will also constitute the specifications of your property including any fixtures and fittings to be built into the final purchase price.
The reason there are no title deeds for your cheap Cyprus apartment or even (if you are lucky enough) your luxury villa is that there is initially only one deed for the whole piece of land that all the buildings are built upon. When the Cyprus developer purchases the land it is usually transferred to him as one plot with one title deed. Once the development is finished including all the roads services and pavements the government surveyors will check the actual development against the original plans before finally issuing separate title deeds for each property. So eventually that cheap Cyprus apartment will have it's own deeds but in the interim the contract between the developer and yourself entitles you to ownership.
If after buying that cheap Cyprus apartment you then decide to sell it on there is no problem either. The contractor will raise a new contract between himself and your purchaser naming them as the new owners of the property. Whilst this system does work very well and has done so for years there are a few things to bear in mind. The first one is that once the title deeds for your cheap Cyprus apartment or villa are ready to be handed over there is a tax due on them. This is a percentage of the original purchase price of your property and at the time of writing this article a £cy160,000 villa is incuring an eventual deed tax of around £cy5,500. So you should obtain at least some idea of how much more that cheap Cyprus apartment will cost you at the end of the day.
Also remember that contract we talked about? The one you set up with the developer when you buy your cheap Cyprus apartment or luxury Cyprus villa. Well, if you do decide to sell before you have received the title deeds the developer will charge you a premium for changing the names on the contract. Many developers are charging a flat fee of £cy3000! to carry out the service of raising an exact same contract with the only alteration being the insertion of a new name. Once again you should factor this into any budget before you buy your cheap Cyprus apartment or villa.
Whilst these hidden charges are not always eluded to when you first start your Cyprus property search there is nothing illegal about them and they are standard fees. The good news is that if you are aware of them at the outset they could make a great bargaining tool. You would be surprised at how many people are totally unaware of many of these factors until after they have made the the bulk of their payments. By then it's too late and that cheap Cyprus apartment isn't such a bargain after all except to the developer, property agent and Cyprus the tax man. If you do your homework without just diving in you can still save a considerable amount of your hard earned cash and still pick up a cheap Cyprus apartment.
cheap cyprus apartment, cyprus apartment, cyprus real estate, cyprus property search, luxury cyprus villa, title deeds
Buy Panama Real Estate With a Self Directed IRA
Introduction - Did you know that a self directed IRA can buy your dream Panama Real Estate? This article while not tax or legal advice will get you pointed in the right direction in terms of using your Self Directed IRA to buy Panama land, condos, homes, or even commercial property.
IRA Custodian Resistance - Most of the custodians will not approve the purchase of foreign real estate. They prefer to sell you investments they offer instead. There is actually no prohibition in the IRS code against investing in foreign real estate. So do not let the custodian deceive you into thinking it cannot be done, they just do not want to do it.
Custodian Problems - One of their problems is the valuation of the house. They do not know how to do this. Did you get a large kickback from the acquisition of the property thus affecting a deceitful and unlawful early withdrawal without penalty? What about a real estate commission you received. You are also not supposed to live in the home acquired through a self?directed IRA. How will the custodian enforce this? What if you live in the home on vacations only? What if you rent the home out and do not tell anyone? What if you use the home to trade homes with using a service that will let you swap homes with others in other countries for six months or a year at a time? The custodian cannot detect all these games one could incorrectly play so they prefer not to get involved and it is always better to earn a commission on something they sell you.
Custodian Control - One needs to make sure the custodian lets you invest in investments of your choosing, not theirs. You want to be able to write the checks for investments.
IRA as an LLC - This seems to solve a lot of the problems with the custodians. An LLC is structured utilizing the Self -Directed IRA as the owner of said LLC. The monies would then be put into the LLC, which would in turn purchase the real estate investment(s) foreign or domestic.
Mortgages, IRA's, LLC's, Foreign Real Estate - Yes you can have a mortgage on the property. The debt?recorded instrument has to be a non?recourse promissory note.
Profits - These are to be credited back to the IRA.
Taxes - The IRA has to have enough money to pay for the taxes, property maintenance and upkeep such as condo association fees.
IRA Custodian Resistance - Most of the custodians will not approve the purchase of foreign real estate. They prefer to sell you investments they offer instead. There is actually no prohibition in the IRS code against investing in foreign real estate. So do not let the custodian deceive you into thinking it cannot be done, they just do not want to do it.
Custodian Problems - One of their problems is the valuation of the house. They do not know how to do this. Did you get a large kickback from the acquisition of the property thus affecting a deceitful and unlawful early withdrawal without penalty? What about a real estate commission you received. You are also not supposed to live in the home acquired through a self?directed IRA. How will the custodian enforce this? What if you live in the home on vacations only? What if you rent the home out and do not tell anyone? What if you use the home to trade homes with using a service that will let you swap homes with others in other countries for six months or a year at a time? The custodian cannot detect all these games one could incorrectly play so they prefer not to get involved and it is always better to earn a commission on something they sell you.
Custodian Control - One needs to make sure the custodian lets you invest in investments of your choosing, not theirs. You want to be able to write the checks for investments.
IRA as an LLC - This seems to solve a lot of the problems with the custodians. An LLC is structured utilizing the Self -Directed IRA as the owner of said LLC. The monies would then be put into the LLC, which would in turn purchase the real estate investment(s) foreign or domestic.
Mortgages, IRA's, LLC's, Foreign Real Estate - Yes you can have a mortgage on the property. The debt?recorded instrument has to be a non?recourse promissory note.
Profits - These are to be credited back to the IRA.
Taxes - The IRA has to have enough money to pay for the taxes, property maintenance and upkeep such as condo association fees.
Costa Rica Real Estate: The X Factor Industry Forecasters Overlooked
There was a lot a whispering earlier this decade about where the prime real estate investment opportunities were going to be for the next 10-15 years. At the turn of the century, some investment forecasters said, “Places like Florida, Vegas, and California have been the hotspots for years and they’ll continue to be hot markets.” I don’t know where you stand on the issue but I think the forecasters who simply left their forecasts to “what has always been” dropped the ball.
It’s not that I completely disagree with the forecasters. Investors did flock to Florida, Las Vegas, and California earlier this decade. Those who did in the early years made some decent buys, but investors who bought more recently are finding themselves in a bind. For the last couple years the markets in those regions have been, at best, lukewarm. So clearly, Florida, Las Vegas, and California are not truly “prime” locations for investment properties for the long haul as predicted.
In my opinion, those popular U.S real estate investment havens have cooled off because of the state of the U.S. economy. It’s been shaky since the late 1990s and has only gotten shakier. As a result, people aren’t sure which way things are going to go with the current economy—up or down—so they’re holding on to their money instead of buying and selling real estate. They just don’t feel like they can afford to take the risk on purchasing a property that they may not be able to sell when they need to. It’s the exact opposite in Costa Rica.
Down in Costa Rica, the economy is strong so there’s no fear about investing in real estate. Because of the steady interest from corporations in building offices in Costa Rica, the ever-increasing flow of tourism, and the spike in retiree relocation, there’s very little perceived risk in buying land in Costa Rica. In fact, “profit” is the number one word being tossed around when anyone speaks about the real estate market there. Currently, most investors are experiencing a 100% return on their investment in less than 24 months; and some are seeing 150% return on investment (ROI) in less than two years! And guess what? Those figures are more so the rule rather than the exception.
It’s clear that when industry forecasters were projecting the real estate market for the next 10-15 years, they made one major mistake: They neglected to consider the X factor, which is this case is whether foreign investments would provide better real estate opportunities over domestic ones. It was naïve of the forecasters not to consider foreign real estate opportunities since so much of our economy and the way we think are global. But with the real estate boom happening in Costa Rica as it is today, I don’t think they’ll make that same mistake in the future. Costa Rica is, without a doubt, the hottest real estate market in the western hemisphere. The land prices and ROIs confirm it. So here’s my forecast: The Costa Rica real estate market is just starting to heat up and it will be the ‘primo’ spot for the at least the next 10 years!
It’s not that I completely disagree with the forecasters. Investors did flock to Florida, Las Vegas, and California earlier this decade. Those who did in the early years made some decent buys, but investors who bought more recently are finding themselves in a bind. For the last couple years the markets in those regions have been, at best, lukewarm. So clearly, Florida, Las Vegas, and California are not truly “prime” locations for investment properties for the long haul as predicted.
In my opinion, those popular U.S real estate investment havens have cooled off because of the state of the U.S. economy. It’s been shaky since the late 1990s and has only gotten shakier. As a result, people aren’t sure which way things are going to go with the current economy—up or down—so they’re holding on to their money instead of buying and selling real estate. They just don’t feel like they can afford to take the risk on purchasing a property that they may not be able to sell when they need to. It’s the exact opposite in Costa Rica.
Down in Costa Rica, the economy is strong so there’s no fear about investing in real estate. Because of the steady interest from corporations in building offices in Costa Rica, the ever-increasing flow of tourism, and the spike in retiree relocation, there’s very little perceived risk in buying land in Costa Rica. In fact, “profit” is the number one word being tossed around when anyone speaks about the real estate market there. Currently, most investors are experiencing a 100% return on their investment in less than 24 months; and some are seeing 150% return on investment (ROI) in less than two years! And guess what? Those figures are more so the rule rather than the exception.
It’s clear that when industry forecasters were projecting the real estate market for the next 10-15 years, they made one major mistake: They neglected to consider the X factor, which is this case is whether foreign investments would provide better real estate opportunities over domestic ones. It was naïve of the forecasters not to consider foreign real estate opportunities since so much of our economy and the way we think are global. But with the real estate boom happening in Costa Rica as it is today, I don’t think they’ll make that same mistake in the future. Costa Rica is, without a doubt, the hottest real estate market in the western hemisphere. The land prices and ROIs confirm it. So here’s my forecast: The Costa Rica real estate market is just starting to heat up and it will be the ‘primo’ spot for the at least the next 10 years!
Friday, October 12, 2007
Inland Gem Rancho Bernardo Real Estate
If you want to find plush views, comfortable weather, and a calm city atmosphere, Rancho Bernardo real estate is a smart investment. This "city within a city" is a growing population, currently at 20,000 made up mostly of married couples and families with the average household size at 3. New home development to the area's west is attracting more and more families to this ideal location. Given the fact that most families residing in "RB", as it is called by locals, are married, the family oriented atmosphere that has been created can make anyone appreciate living here.
The real estate here is composed land wise of many different combined business locations and employs over 50,000 RB residents. Sony, Siemens, and Hewlett-Packard are among companies offering great opportunities for real estate owners in RB. The area is known for its majestic golf courses, four-star dining, lavish community centers and activities, and annual art, wine, and food festivals! The area also offers wonderful investment opportunities. However, the average household income can make it difficult to find extremely lavish Rancho Bernardo real estate that will bring in a huge cash cow.
Rancho Bernardo sits on approximately 3,800 acres of private living luxuries that are included in owning a piece of this area. Although actually part of San DIego, RB is like a separate mini-city with its own governing board and municipal covenents. Nearby schools have been approved for $193 million dollars in improvement bonds. This means to future residents that the area is only growing in strength and number. The value also increases daily by new residents coming in who will receive better educations and become greater contributions to society. Overall, Rancho Bernardo real estate is likely to bring profitable future gain as well as personal gain to anyone residing here!
Natural Beauty Reigns in Encinitas Real Estate
Defined by its natural beauty, Encinitas, California is encircled by lustrous beaches, fields of flowers, and sloping hills. The climate in the area is mild and pleasant allowing for various activities year round. With all the advantages available in the community, it is no wonder that the majority of homes for sale in Encinitas are selling at a rapid rate.
Potential home buyers will be happy to learn that the area is blessed with an ideal climate. Those interested in investing in homes for sale in Encinitas can look forward to average temperatures in the lower 70s with extremes on either side of this average very rare. This desirable climate makes outdoor activities like swimming, surfing, and fishing perfect recreation anytime of the year.
Renowned for the beauty of its landscape, Encinitas is located on six miles of jagged coastline and is home to sandy, white beaches, deep valleys, steep cliffs and rolling hills. The two natural lagoons help contribute to the famed surfing culture and offer excellent views of the area. The Batiquitos Lagoon to the north and the San Elijo Lagoon to the south assist in creating those “perfect waves,” and are adored by surfers and tourists alike.
The housing options here vary according to age, style, size, and location. With the wide variety of homes for sale in Encinitas, there is a house to fit most every taste. For those who wish to buy a coastal property, this has become a prime rretreat. A variety of cottages and older custom homes fill the waterfront. New one and two-story homes possess large lots and are situated on the countryside. Many are horse properties.
Some of the most costly parcels in the entire San Diego area, homes for sale in Encinitas may start at $600,000 but most are well over $1,000,000. Coastal property is the most expensive, and can exceed $9 million. Newer communities such as Olivenhaim and New Encinitas are also higher priced, and feature luxury estates on expansive lots. Well appointed townhouses and condominiums are also available.
Deemed the “Flower Growing Capital” by local residents, the Encinitas area is praised by flower enthusiasts. Green houses have given way to new housing in recent years but it was not long ago that a significant flower growing industry iexisted n the community and the city celebrates its love of foliage to this day. Quail Botanical Gardens merges the largest bamboo in the world with an Amazon Rainforest. The Self Realization Center features extraordinary gardens that overlook the Pacific Ocean. Those planning to purchase homes for sale in Encinitas have the option of decorating their houses with a myriad of flora from local agriculturists. This is just another one of the many reasons to consider homes in this area if you are in the market for San Diego area real estate.
It's Great Owning Real Estate Near Lake Michigan
Living in West Michigan is great because of the number of inland lakes, but mostly because of Lake Michigan. Lake Michigan is surrounded by four states; Michigan, Indiana, Illinois, and Wisconsin. Having the freshwater lake in the area makes West Michigan Real Estate very popular.
Having the Lake near by is great because it can keep you from being bored. There are a number of beaches along the West Michigan Coastline, so it does not matter which city you live in. Being at the beach allows you a chance to relax, go swimming, hang out with friends, and even make new friends. It is also a great place to have a date. Even in the winter you can find local residents and tourists taking pictures of the lake and walking along the beach.
There are a number of inland lakes that run into Lake Michigan. Lake Macatawa is an inland lake in Holland Michigan that I enjoying using. It is a blast to take a boat out with friends and participate in water sports; like tubing, skiing, and wakeboarding. Lake Macatawa leads into Lake Michigan so you are able to take long boat rides and even drive your boat to the number of beaches along the Lake Michigan Coastline. Having Lake Michigan near your home allows you to do a lot of fishing. There are a number of different fish available to catch, but a few of the more popular fish to catch are perch, Salmon, and Walleye.
If you have gone swimming in both freshwater and saltwater you will understand how great it is to swim in freshwater. Being in freshwater allows you to open your eyes underwater, play a number of activities without having a mouthful of salt, and you can get out of the water feeling refreshed, rather than being covered in salt.
Having Lake Michigan offers rare opportunities to watch fireworks over the water, and visit a number of lighthouses. It also offers the opportunity to glimpse the beautiful sunsets. Living in West Michigan has a number of benefits, but in my mind the best benefit is being so close to Lake Michigan. Lake Michigan will keep you from being bored, you will be able to go boating and fishing, and you can experience activities that are uncommon to many areas throughout the nation. Make your move to West Michigan; you will be glad you did!
Carlsbad Real Estate Among the Nation's Most Prestigious
The ocean side community of Carlsbad California basks in the glory of its picture perfect beauty and ideal location. Situated in Northern San Diego County, California real estate in Carlsbad combines an aura of both old and new. It is this captivating charm that attracts many to this prominent coastal community. With the Carlsbad area growing rapidly, California real estate in Carlsbad flourishes as well.
California Real Estate in Carlsbad Captures Natural Beauty of the Coast
California real estate in Carlsbad is known for rejoicing in the beauty of the Southern California coast. Approximately 42 square miles compose the Carlsbad area, with six miles encompassed by sensational Pacific Ocean coastline. Abundant with flowing fields of flowers, the Carlsbad area is famed for its floral adoration. Flower displays are constructed and displayed around California real estate in Carlsbad, and celebrated throughout the San Diego County area.
The Carlsbad vicinity has become a favorite destination for both vacation and home. California real estate in Carlsbad is surrounded by all the wonders that nature can offer, including an ideal climate. Cool summer days and mild, sunny winters make this coastal area a resident’s fantasy. This pleasant climate, along with the breathtaking landscape, makes California real estate in Carlsbad a prime possibility for the potential home buyer.
Diversity Reigns with California Real Estate in Carlsbad
California real estate in Carlsbad is essentially divided into two specific areas: Old Carlsbad and New Carlsbad. Considered to be some of the most valuable in San Diego County, Old Carlsbad real estate is composed of housing that represents a part of the area’s history. Homes with a Victorian style line the city streets, emitting a charming vibe of the past. Houses located in Old Carlsbad are generally large, and situated on ample plots of land. Close to the waterfront, Old Carlsbad residences are extremely expensive, and rarely on the market.
The modern section of California real estate in Carlsbad is mostly filled with gated neighborhoods and elaborate executive estates. The New Carlsbad area caters to those wishing to reside in a private, separate section of town. While immense beauty is still present, the newer California real estate in Carlsbad does not offer the historic character present in older homes.
California real estate in Carlsbad is renowned for its variety of housing options. Famed for its high standard of living, California real estate in Carlsbad ranges from $400,000 to more than $3 million. Prices depend on age, style, and location of the real estate offered.
California Real Estate in Carlsbad Surrounded by Notable Attractions
California real estate in Carlsbad is surrounded by numerous recreational landmarks and activity areas. The vicinity has an abundance of recreation spots, including 21 public tennis courts, 20 parks, and eight playgrounds. Known as “The Golf Capital of the World,” Carlsbad is also home to 10 golf courses, all featuring outstanding views of this vibrant community.
Monday, September 17, 2007
Jamaica Real Estate
You would expect that Jamaica real estate prices would be quite high, considering the posh hotels and resorts, the elegant restaurants, and quite frankly, just the brand name 'Jamaica', but actually it is not so!
Leading realtor, Andrew Issa, was quoted as saying that currently purchasers get more 'bang for the buck' on real estates as opposed to other Caribbean islands. Meaning that you get a lot more real estate for the money in Jamaica.
There should be no surprise therefore, of the increasing number of foreigners who are showing heated interest in Jamaican properties. I recall a recent article in one of our notable newspapers, the Jamaica Observer reporting that over 55% of all real estate transactions in Jamaica are completed with overseas clients!
General Manager of JN Real Estate Signature Homes and Properties, Jacqueline Peat-Smith, not so long ago stated that "demand, especially from people returning home from Britain wanting to build primarily in Trelawny, St James, St Ann, St Thomas, St Catherine, Manchester, St Mary and St Elizabeth, was far outstripping supply.
Admittedly, we had some concerns of bureaucracy in the past, but with concerted pressure on the government from real estate developers, tremendous work has been done and the process has gotten a lot smoother.
Very soon, it is expected that Jamaica will solidify its position as having the best real estate properties in the Caribbean. Mr. Issa identified the huge investments that are being made in the country's infrastructure as the driving force.
He stated that "the infrastructure upgrade that is taking place will drive our market. The airport upgrades, the highways and the new water system for the North Coast all are coming together to improve the country", "plus, we are blessed with the most beautiful island in the Caribbean. We have an authentic history, culture, and people."
In terms of the high-end resort market, the Palmyra Resort development in Rose Hall, Montego Bay and the Chris Blackwell's development, Goldeneye in Oracabessa, St. Mary stands out.
Jamaica real estate is still the jewel of the Caribbean, and will remain so as we propel our country forward.
Aspire to The Spire - The Pinnacle of Chicago Real Estate
Home to the first modern skyscraper, Chicago has always rivaled New York as the city for skyscrapers. Oh, sure, New York has the Empire State, the Chrysler Building (that relic? I hear you saying), and, by 2011, Freedom Tower, but Chicago - which has one of the tallest skylines in the U.S. - also lays claim to the Aon Center, the John Hancock Center, and the mighty Sears Tower: the one that finally put New York out of first place. However, the year 2010 will see another monumental silhouette added to Chicago's imposing skyline: the 2,000 foot high Chicago Spire. While the Spire will be the tallest building in North America, it will NOT be the tallest in the world; Dubai's Burj Dubai will outstrip it by up to 1,000 feet. However, The Spire claims a distinction that has Chicago Realtors bubbling with excitement: in 2010 Chicago will be home to the tallest all residential building in the world.
Hampered for so long by height restriction laws, it wasn't until 1960 - 3 decades AFTER the construction of the Empire State Building- that Chicago was able to really compete with New York in the building of skyscrapers. The city did make up for lost time with buildings like the Sears Tower and the John Hancock Center, and seems now to be in the midst of another skyscraper building boom. Since the beginning of the millennium, dozens of 50 story (and over) buildings have gone up in Chicago, and construction is underway on a number of "supertalls" (buildings over 1,000 feet). Some of these include the Waterview Tower (1,047 feet) Trump International Hotel and Tower (1,362 feet), and finally, the magnificent Chicago Spire at 2,000 feet.
Without a doubt, the most striking feature of the Chicago Spire - even more so than its immense height - is its spectacular 'twisted metal' or corkscrew-like design. A computer rendering of the Spire depicts it as a massive platinum drill bit twisting up and out of the earth. Renderings also show that although the Spire will dominate the Chicago skyline it will certainly complement it beautifully. For many, the most exciting feature of the Spire will be the chance to own part of it. In fact, you can do more than own part of it, you can LIVE in it - in addition to a magnificent 4 story-high lobby and a residents-only observation deck that affords vistas of four states (you may see Iowa on a clear day, that's five!) the Spire will comprise 1,200 very exclusive condos, in a variety of styles and tastes. They'll be ready in 2010, but don't wait until then if you're interested - they are sure to sell at record speed, the ones on the higher floors going, of course, for TOP dollar.
The Homeowner's Guide to Living Greener
It can be quite overwhelming for most of us to think about helping the environment; it's too big, too vague. But it is in all of our hands to make a difference, and there are very simple ways to do this. Start in your own home.
Homeowners can take small steps that will have a big impact on the environment. Start by shutting off lights when you leave the room. You'll lower your electricity bill and use up less of the world's limited power supply. It's also a great idea to change over to compact fluorescent light bulbs. They last longer and use up a lot less energy.
Unplug your appliances when they're not in use. Things like entertainment systems, fans, and coffee makers are only in use part of the time. Leaving them plugged in is just a waste.
When you leave your computer, put it on standby if you're only walking away for a while. Turn it off completely if you're done for the day. And don't forget to turn off the monitor; every bit of energy you can save, helps.
To save water, turn off the taps while brushing your teeth. Low-flow showerheads have been around for a while, but in the past they didn't have the water pressure that most homeowners needed. Today however, they produce a jet that is comparable to standard showerheads.
Consider purchasing a "low flush" toilet, which can save you one to four gallons per flush. If you're not in the market for a new toilet, but would still like to save water, try placing a couple of filled water bottles in your tank. Put a bit of sand or place a few stones in the bottom of the bottles before filling with water in order to weigh them down and reduce their buoyancy. Using this method, you can potentially reduce up to 30% of your toilet's water use.
Only use the washing machine when you have a full load, and if you're thinking about buying a new one, consider getting a front loading washer. Also be sure to hang clothes to dry whenever you can. Again, your power bill will thank you.
Surprisingly, running a full dishwasher uses about one sixth the amount of water that traditional hand washing does. Dishwashers are also being made to be as energy efficient as possible, so consider investing in one to save on power and energy. Your hands will also thank you!
During winter months, be sure to pick up an affordable weatherizing kit. These usually include weather stripping for doors, outlet covers, and shrink wrap for windows. Anything you can do to minimize heat loss will reduce heating bills, and provide for a much more comfortable home.
Purchasing a programmable thermostat is a smart move any time of year. It saves you the hassle of always adjusting the temperature, and prevents heat waste. Think of how many times you've forgotten to turn the heat off at night. Accidents like these send your heating costs through the roof.
In the summer, try to cook on the barbecue as much as possible. Not only will you be saving energy, but you'll also avoid heating up the house on warm days.
These steps are simple and affordable ways that you and your family can start living a greener lifestyle. You may ask "What's in it for me?" Lower utility bills for starters. Having an energy efficient home is good for your wallet. But there's also the benefit of knowing that you are doing your part to take care of the planet.
We take the earth for granted every day, yet it is our most precious commodity. Without clean air, we develop breathing problems. Unsanitary drinking water leads to a plethora of intestinal issues. The toxicity levels are rising, and if we don't all make some simple, cost-effective changes, our children and grandchildren will inherit a poisoned earth. Remember, this is the only home we've got.
Wednesday, August 1, 2007
Center for Real Estate Theory and Practice
The Center for Real Estate Theory and Practice is the primary focal point for interaction with the real estate community.
The center will create and establish a leading interdisciplinary resource that inspires and fosters excellence in real estate education, research and service. The center will be designed, developed and guided with the advice, insight and leadership of Arizona’s and the nation’s real estate community. Academics from multiple disciplines and leading industry experts will collaborate on research that transcends the traditional capabilities of more narrowly focused enterprises. The center’s scholars will excel as the nation’s thought leaders in real estate as they:
- Create compelling research agendas with applications that help create, transform and sustain the environments in which we live and work.
- Take a leading role in addressing the wide range of social, political and economic issues that revolve around real estate. These may include rapid urbanization, financing mechanisms, home ownership affordability, environmental sustainability and new financial vehicles for real estate companies.
- Conduct research that results in data and knowledge essential to informed discussions that shape public policies about issues vital to the real estate industry.
- Establish a Real Estate Roundtable, bringing together members who are industry leaders dedicated to world-class professional execution.
- Deliver cutting-edge certificate programs and executive education courses that bring together leading practitioners and the nation’s best scholars.
- Assemble and host a board of advisors, made up of respected leaders from around the globe and based in one of the world’s great desert-city environments, that will enhance the center’s education, research and service missions.
- Facilitate knowledge exchange among real estate academics, researchers, students and practitioners through extraordinary seminars and conferences that provide unparalleled opportunities to meet industry leaders.
- Involve accomplished and respected practitioners in the classroom to inspire the next generation of sophisticated professionals and leaders.
- Direct students as they apply their classroom knowledge and innovation to real-world industry opportunities.
The center’s programs will create knowledge that improves the quality of life and transforms communities. Thought leaders and practitioners will be influential in planning our cities and ensuring that our communities are sustainable. We will raise the level of knowledge and dialogue surrounding such topics as design, construction, portfolio strategies and public/private initiatives.
Real Estate Valuation Theory
Real Estate Valuation TheorySeries: Research Issues in Real Estate , Vol. 8 Ko Wang; Wolverton, Marvin L. (Eds.) 2002, 456 p., HardcoverISBN: 978-0-7923-7663-7 Order now, and we will ship when available. (Your credit card will not be charged until we ship). |
| $149.00 |
About this book
Is real property appraisal evolving, or have all of the "big ideas" already been conceived? This question has been circulating among the leaders of the Appraisal Institute during the past several annual meetings, usually encountering little in the way of satisfying answers. This is not too surprising, because grand ideas and new knowledge do not typically evolve from off-hand conversation. They are the product of focused intellectual activity and hours of difficult work.
This unquenched thirst for new knowledge is the primary reason for assembling this collection of new manuscripts dealing with valuation theory, which was financially underwritten by the Appraisal Institute. Their generosity and willingness to partner with the American Real Estate Society made this collection of thoughtful and thought provoking essays possible. They are the result of a global response to a worldwide call for papers, and demonstrate that real estate valuation is indeed an international discipline. The United States, Australia and New Zealand, Southeast Asia, the Pacific Rim, and Europe are all represented by this impressive collection of authors. Together, the eighteen essays that make up this volume demonstrate that there are a sufficient number of "big ideas" to challenge and improve the appraisal profession for years to come.
Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance grid method, appraising contaminated property, ad valorem tax assessment, and new perspectives on traditional appraisal methods. One common thread is that all of the papers are exceptionally well written and thought provoking.
Real Estate
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