Digital Transformation in Real Estate


Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung

Tel: 06227-399170
Handy: 0176-2116-9990
eMail: info@heidelbergerwohnen.de
Internet: www.heidelbergerwohnen.de

In the last five years, however, the paradigm of real estate transactions has gone through a major change with digital transformation of our societies being at the heart of this change.

Every aspect of our lives has changed drastically in the last two decades and much of the change has been fuelled, catalysed and necessitated by the increasing digital awareness and ubiquity. The Real Estate industry, although, much slower to adapt to this change has since picked up pace and is now at the forefront of some of the cutting edge innovations.

As our lives are more connected, and there is greater financial freedom with easier movement possible, a greater value has now been found in attempting and executing phone system transactions online. There is less apprehension and greater confidence being shown by buyers, sellers, brokers, lessors in deploying digital mediums to conduct their real estate business.

The National Broadband Network in Australia is set to take this transformation into a much higher terrain as improving connectivity and access will bring about better transmission of data, improved transparency and a much larger populace into the online phone systems fold. Consumers will be able to view and evaluate properties from far and wide, while developers will be in a position to pitch them to a more varied audience. The brokers will find themselves being able to create unified platform for the interaction of both buyers and sellers.

Digital transformation in the real estate sector also means that there is an improved coordination and liaison amongst the various parties involved. Virtual meetings, conference calls and video conferencing means that physical presence is no longer the clinching requirement to close a deal. Digitization also moves the land records and ownership documents to the online sphere, this reduces fraudulent transactions and improves confidence amongst buyers.

Thus, we see that the actual transformation brought in by increasing digital presence in the real estate industry is to increase transparency and improve confidence amongst buyers. This has in turn allowed for a greater organization of the sector. Real estate brokers are now no longer regional players but can scale their operations with considerably decreased costs. For the buyers, there is a greater sense of security in real estate transaction. They have greater access to information which in turn provides them a clearer picture of the property in question and the sellers on hand. For the sellers, the new digital age has opened up new market avenues hereto non-existent. Wider scope, better targeting and improved conversions have helped bottom lines.

In conclusion, digital transformation has been a holistic and all-encompassing phenomenon that has helped each one of the stakeholders in the telephone systems chain.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis

Source by Susheel Tadka

Real Estate Marketing: Farming a Neighborhood

Among the means at your disposal for collecting leads and growing your quick-turn real estate business is establishing a farm area where you do business on a regular basis. This is a technique used by many different types of professionals to assure themselves a steady supply of business.

So what are the advantages to having a farm area? Familiarity is the big one. As you stake out and cultivate your territory you will become familiar with the area, the market, what types of people live there, what types of people are buying there, what types of properties are being sold, and for how much.

This makes it easier and quicker for you to evaluate deals. Having a farm area also allows you to consistently focus your marketing, leading to repeated exposure and increased response rates. If you continually market to an area with signs, fliers, business cards, and direct mail, it will become essentially saturated with your marketing message and your response rates will soar.

There are some drawbacks to farming as well, which are fairly easily overcome. The main one could be that your focus is narrowed to the area you are farming, but if you choose your farm area well then this should really be more of a help than a hindrance, because it will mean more business for you overall.

Farming does require a large time and energy investment on the part of whoever does it, but this can either be you or it can be someone you hire on a wage or commission basis or someone you partner up with. The only real reason for concern might be if you feel uncomfortable in the neighborhood you are farming, but then you might want to work in a nicer neighborhood anyway.

There are some specific tools that are necessary to employ this technique, for you or your help. A car or similar means of transportation is at the top of the list. A digital camera is also essential, as well as a notebook with a log sheet and printed maps of the farm area. The best use of the digital camera comes from using it in conjunction with a small dry erase board to capture information. And finally, any time you are in your neighborhood you should have a stack of business cards handy.

When you farm, you’re just in the field looking for leads. Go street by street, recording and photographing anything that looks interesting to you: abandoned properties, fsbos, ongoing rehabs, and anything else that gets your attention and that might put you in touch with a motivated seller or buyer.

It’s important that you be consistent about farming and about placing your marketing. The more you talk to people in the neighborhood and hand out your business cards, leave your fliers on doors, and place signs in visible locations, the more business you will have, and if you are consistent your business will be. While you are driving track your progress on the map with a highlighter, so that you will be sure to cover the entire area.

If you use farming as a tool you will enjoy the benefits of working in an area where you are familiar with the neighborhood, your customers are familiar with your marketing, and your closing officer will become familiar with you.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Omar Johnson

Understanding Commercial Real Estate In New York City

PREFACE

It is not uncommon for an area calculated from original plans to vary from the area that is measured during a field survey. It is also not uncommon for a site measurement done by one party to vary from a site measurement done by another party. Typically there is a two percent (2%) or less variance allowed between calculations. If there is a difference greater than two percent (2%), it is recommended that an unbiased third party be hired to re-measure and resolve the matter. Also, if you have any questions regarding verbiage, please check our DEFINITIONS page.

DECIPHERING THE CODE

REBNY (Real Estate Board of New York)
RECOMMENDED METHOD OF FLOOR MEASUREMENT
FOR OFFICE BUILDINGS
Effective January 1, 1987

In order to facilitate a comparison of the cost of space among buildings, The Real Estate Board of New York, Inc. recommends that owners use a standard definition of usable area and that they clearly explain how rentable area is calculated based upon such usable area. Architectural plans and calculations should be made available to the tenant if requested.

The Real Estate Board of New York, Inc. recommends the following definitions and methods as the Standard Method of Floor Measurements in office buildings. Any Board member who advertises office space for rent is expected to follow these guidelines in determining any rentable area count mentioned in the advertisement.

RENTABLE AREA:

Because of dissimilarities among buildings, calculations of rentable area may vary. If requested, owners should disclose to prospective tenants the loss factor used for spaces under consideration.

Loss factor means that each tenant is paying for more space that they actually occupy. In addition to their space, they are responsible to pay their portion of common areas throughout the building. To a tenant this would be considered a loss. Buildings are all different in how much Common Areas they have. The national range is usually between 8-25%, but New York City is usually around 15-30%. No building is required to give accurate numbers. If a space is measured with a 10% factor, they can rent space at a 15% factor in order to make more profit. The factors vary from floor to floor, so a building may also use one fixed (usually average) factor for the whole building. There are no guidelines for this.

Example: A tenant is looking at two (2) spaces in two (2) different buildings that are both 10,000 square feet. One building could have a load factor of 10% and the other is at 20%. This means the tenant will be paying for 11,000 square feet or 12,000 square feet respectively. At $2 per square foot per month ($22,000 or $24,000), over a five (5) year lease, that is $1,320,000 (10%) vs. $1,440,000 (20%). That is a difference of $120,000. The tenant may have thought that they would only be paying for 10,000 square feet at $2 per foot over five (5) years, which is $1,200,000.

When all that matters in making a deal is dollars and cents, the bottom line for the tenant is to get a low loss factor.

USABLE AREA, SINGLE TENANT FLOORS:

Measure the floor to the outside surface of the building. Subtract from this area the following, including the finished enclosing walls:

• Public elevator shafts and elevator machines and their enclosing walls.

• Public stairs and their enclosing walls.

• Heating, ventilating, and air-conditioning facilities (including pipes, ducts and shafts) and their enclosing walls, unless such equipment, mechanical room space, or shafts serve the floor in question.

• Fire towers and fire tower courts and their enclosing walls.

• Main telephone equipment rooms and main electric switchgear rooms, except that telephone equipment and electric switchgear rooms serving the floor exclusively shall not be subtracted.

This section is much clearer. It begins by stating the building is to be measured to the finished exterior surface of the building which is a variation of the BOMA standard. This can be a difficult task as the building can change thicknesses every floor and there is no way to accurately measure the wall thickness when you cannot access a door opening.

An example of how this can affect the square footage is to look at building with an exterior footprint that is 200 feet by 100 feet. Let us say this building is ten (10) stories with an exterior wall thickness of 7″. The Gross Floor Area (GFA) is 20,000 square feet to the exterior surface, while the interior GFA is 19,651 square feet if measured to the inside of the exterior wall. This can mean additional profits by having the tenants pay for the thickness of the walls.

The next section talks about all the building elements which must be taken out of the total square footage. If a single tenant takes the whole 20,000 square foot floor, they will not be paying for the whole space or GFA. The first two (2) bullets explain that elevator shafts, elevator machine rooms, public stairwells, and their enclosing walls (full wall thickness) are to be excluded. These can all be summed up as Floor Penetrations. Any and all floor penetrating elements are to be excluded from the floor rentable area. So if the 20,000 square foot floor has 2000 square feet of shafts and stairs, the rentable area is going to be 18,000 square feet.

Heating, ventilating, and air-conditioning elements (pipes, ducts, shafts) and their enclosing walls (full wall thickness) are also considered floor penetrating elements. If a buildings boiler and air handling unit are in the basement, there are shafts that need to run up to the top floors without interruption. This means each floor will be penetrated by the shaft and need to be taken out of their rentable square footage. The times when this may not happen is in specialty spaces where there may be an excessive amount of computer hardware in which the tenant installs their own air handling unit on their floor to cool the computers. This is a situation where it only serves this one tenant and is not excluded from the total square footage.

The same goes for all fire tower, fire tower courts, and their enclosing walls. Fire towers are defined in New York as an exit that can be used in lieu of an interior stairwell as long as they comply with all requirements for an interior stairwell, with a few modifications, e.g., walls must have a fire resistance rating of at least four (4) hours, be accessible only through an outdoor balcony or fireproof vestibule, open directly to the street or court yard, etc. A Fire Court is the space in which the fire tower exits into and must be open to the sky.

Lastly, all main telephone, electric, other mechanical spaces, and their enclosing walls are not to be counted unless they specifically serve that floor in the same respect as the heating, ventilating, and air-conditioning units.

USABLE AREA, MULTIPLE TENANT FLOOR:

• First, calculate the usable area as if for a single tenant floor.

• Then deduct corridor areas, including toilets, supply room, etc., but do not deduct the enclosing walls of such corridor.

• Measure the net usable area of each space on the floor by measuring each enclosing wall which is a building exterior wall to the outside surface of the exterior walls, or to the outside surface of the glass as the case may be. Measure demising walls to the center and walls which abut corridors to the corridor side of the finished surface of the corridor wall.

• To determine the usable area on a multiple tenant floor, apportion the corridor area to each space by multiplying the corridor area by a fraction, whose numerator is the net usable area of the space and whose denominator is the total of the net usable areas of all the spaces on the floor, and add the result to the net usable area of the space.

When we look at multiple tenant floors, there are a few more things to take into account. As stated, we calculate the useable area as if it were a single tenant. When measuring between two tenants, we measure to the middle of the wall, which is to say that each tenant is paying for half of the thickness of the wall. Then we measure all shared common areas, such as corridors, restrooms, janitor closets, building storage, etc. and designate it as Floor Common Area. The enclosing walls stay a part of the tenant’s space, meaning the tenant will be paying for the wall of the corridor where the spaces are adjacent. These common areas are to be distributed to each tenant on the floor based on the percentage of the floor they occupy.

For instance, a floor in our 20,000 square foot building has two (2) tenants. We first take out the floor penetrations, which leave us with 18,000 square feet. We then measure all common areas and come up with another 2,000 square feet. This leaves 16,000 square feet of usable tenant space. One tenant has 12,000 square feet and the other has 4,000 square feet. The tenants occupy 75% and 25% respectively. Now take the 2,000 square feet of common areas and appoint to each tenant their portion based on percentage. The tenant with 12,000 square feet will take 1,500 square feet (75% of 2,000) and the 4,000 square foot tenant will add 500 square feet (25% of 2,000) to their space. Add in the building common space and you will have your Total Rentable Area for a multi-tenant floor.

BELOW-GRADE, CELLAR AND SUB-CELLAR SPACE:

To determine the usable area of below grade, cellar and sub-cellar areas, follow the same procedures as are appropriate for single or multiple tenant floors except that the following additional areas should be deducted from usable area:

• Machine rooms and pump rooms and their enclosing walls.

• Electric switchgear rooms and their enclosing walls.

• Telephone equipment rooms and their enclosing walls.

• All space devoted to servicing the operation of the building, i.e., cleaning contractors, storage, building maintenance shop, building engineer’s office, etc.

This section is very clear in what they say, but they do not seem to say enough. Any space below-grade which is used to run any part of the building is to be deducted from the square footage in the same way a floor penetration is deducted. They are not to be used as a Building Common Area. As stated, these rooms can be anything which is essential to the proper running of the building, including all rooms stated above as well as:

  • Uninterrupted Power Supply (UPS) or Battery rooms and their enclosing walls;
  • Main Electrical rooms and their enclosing walls;
  • Elevator switchgear rooms/ bays and their enclosing walls;
  • Building storage and their enclosing walls. NOTE: Any tenant storage shall be allotted to that tenants Useable Square Footage including chain link fence storage units.

What there is no mention of in this section is underground parking garages. Technically, using this pamphlet, we could use all underground parking as Building Common Area and have the tenants pay their portion of using the garage. Even if a tenant does not use the garage, it would still be factored into their rent. Often, a below grade parking level is the same size or larger than the footprint of the building above. This would create enormous Loss Factors for the tenants and should be clarified. The BOMA standard implicitly states that all parking areas are not to be used in any calculation, not even Gross Building Area.

RECOMMENDED METHOD OF FLOOR MEASUREMENT FOR STORES:

1. The rentable area of a store shall be computed by measuring from the building line in the case of street frontages, and from the inside surface of the outer building walls to the finished surface of the corridor side of the corridor partition and from the center of the partitions that separate the premises from adjoining rentable area.

2. No deductions shall be made for column and projections necessary to the building.

3. Rentable area of a store shall include all area within the outside walls, less the following, with their enclosing walls, if serving more than one tenant: building stairs, fire towers, elevator shafts, flues, vents, stacks, pipe shafts and vertical ducts.

4. The following area shall be included in rentable area, if such areas exclusively serve a store, together with their enclosing walls: private stairs, private elevators, toilets, air conditioning facilities, janitors‘ closets, slop sinks, electrical closets and telephone closets. When air conditioning facilities serve more than one tenant area, they shall be apportioned in the same manner as that used for single tenancy floors.

5. Where a store fronts on a plaza or arcade which is intended for use by the general public and is not for the exclusive use of the store tenant, its customers, etc., the area of the plaza or arcade shall not be included in determining the rentable area of the store.

Many buildings have retail space on the first floor. These spaces are not measured the same as a regular office area, mainly in the fact that you can measure an exterior, uncovered space and count it as the stores Useable. This section is tricky because it is not always easy to find where the building line is, also referred to as the set back requirement.

Building Line (from Definitions): A line established by law or agreement usually parallel to a property line, beyond which a structure may not extend. This restriction generally does not apply to uncovered entrance platforms, terraces, and steps.

Typically, the building will be set back from the street and sidewalk. Each lot has a required setback from the street. Let us say this setback is 20 feet on the front, 7 feet from both sides and the back. The building is built 22 feet from the front, and 7 feet from the sides and back. This means that the store useable area can be calculated to include the extra 2 feet at the front of the building.

What they describe in No. 1 are two dimensions which will come together as one long dimension. You would measure from the building line to the exterior of the building, then add the wall thickness to that dimension to get from the building line to the inside surface of the outer wall. Then get the dimension from the inside surface of the outer wall to the demising/corridor wall. Depending on how the store is laid out, it can be either. If the store is adjacent to a corridor or another tenant, the rules of a Multi-tenant floor apply.

Number 2-4 are all the same as previous examples of Single and/or Multi-tenant floors.

Number 5 is very hard to gather a full understanding. While referring to stores which are in a plaza, arcade, square, or other large public gathering place that is not a street, it indicates that these areas are not exclusively used by the tenant or its customers and therefore cannot be measured. There are many examples of stores (restaurants) that are in a public plaza and have a roped off area for seating. One interpretation may say this should be considered Useable area because it roped off and exclusively used by tenant and customer while another interpretation may say it is still a plaza and cannot be counted. It is just a little too vague. This is where the building manager or owner may want to decide which interpretation is best for their purpose.

Areas also to be excluded from the store measurements are:

  • Canopies and covered staging platforms;
  • Unenclosed connecting links or area ways;
  • Unenclosed exterior staircases or fire escapes.

VARIATIONS FROM ANSI/BOMA STANDARD

  • Office buildings are measured to the outside surface;
  • Corridor walls are part of the USF for the tenants
  • No mention of how to actually measure corridors, i.e., minimum corridor, dead ends, and extensions;
  • Stores are measured from the building lines;
  • No mention of parking areas;
  • Not using Main Building Function rooms as part of Building Common.


All italic text(s) are the Copyright of the Real Estate Board of New York. All other text is Copyright and the Intellectual Property of Aube Design + Development. If you find this page useful, please bookmark it or link to it. We appreciate that you do not steal the content. Thank you.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by David Aube

5 Reasons to Invest in Mexico

Following the initial influx of foreign real estate investors into the Mexican property market, the country has remained a steadily popular environment for both investment and re-location. The stable growth of Mexico’s political and economic environment has provided increased security as an emerging market investment location.

Buy-to-let investors are continuously on the increase, especially in coastal resort locations such as Cancun, largely in part due to the steady stream of holiday makers flocking to the tropical destination throughout the year from all around the world.

An extensive list of reasons can be created as to why ever increasing numbers of buyers are continuously looking towards Mexico to increase real estate portfolios, yet the main five reasons have been listed below.

1. Stable Economic and Political Environment

In recent years the Mexican government has strived to reform the political environment, creating a strengthened economy and encouraging direct foreign investment. Foreign investment into the Mexican economy is predominantly from the US and Spain, with construction being one of the smallest sectors. The avoidance of being heavily reliant upon the construction sector provides increased stability and ample room for growth in the real estate sector.

Unemployment is on the decrease, contributing to the economic growth of the nation over the past decade. Infrastructure reforms across the country have been a focus of a succession of political integration, creating continuously improving and modern telecommunication and transport networks.

Due to the country’s stable economic environment, the local currency holds strong. A strengthened currency can assist with determining the economic stability of an emerging market investment environment, displaying an ideal real estate investment location in Mexico’s sought after tourist regions.

2. Strong Real Estate Market Growth

The Mexican government has taken considerable effort to reform the country’s real estate sector for both the domestic market and foreign investors. The domestic market is continuously growing with the fast expanding middle class society and accessibility to mortgage financing.

Foreign investment was initiated predominantly by the North Americans for holiday and winter home purposes. The attraction of a second home along the stunning resorts of Mexico’s coastlines grew considerably due to the capital growth potential, strong yield returns, close proximity with easy access to major US cities and comparably low property prices to popular US coastal resorts.

3. Emerging Mortgage Market

Following the introduction of Mexico’s mortgage market in 2003, the market has grown at an exceptional rate. Decreasing interest rates also assisted with enabling accessible financing options to the domestic market and foreign investors.

Since the establishment of mortgage financing for Mexican real estate, the market has matured in regards to availability, security and accessibility to a wider market sector. Assisting with the growth of the mortgage market has been the country’s growing middle class society in a country becoming increasingly modern and attractive to foreign investment.

4. Ideal Re-location and Investment Environment

Mexican real estate investments soon became a popular choice for European buy-to-let investors for the pure, straightforward investment opportunities the region represents. High demand for properties in locations such as Cancun and exemptions for capital gains taxes for semi-permanent residents have assisted with exit strategies.

The low property taxes, double taxation treaties and free trade zones have helped to increase the numbers of foreign buyers consider living permanently and basing businesses in the country. Restrictions to foreign buyers relating to the location of the property being based within a restricted zone are easily and safely diverted through Mexican Real Estate Trust Agreements.

The growth of the country’s economy has assisted with the fast expanding middle class society, eager to enter the property market. As the Mexican government places priorities on creating access and financing to the domestic population to access housing, the extensive population of the country enable ideal exit strategy opportunities due to the increasing demand of properties against the supply.

5. Growing Tourism

An active tourism sector is highly important for buy-to-let investors, as the tourism market is directly linked to the yield return potential for investment properties. Located in the tropical Caribbean coastlines, areas such as Cancun feature year round tourism markets with exceptional returns during the high seasons.

Cancun receives around 3 million of Mexico’s 22 million visitors annually, attracted to not only the stunning beaches and warm weather, yet also the wealth of cultural attractions located in the surrounding area. The close proximity of Cancun to cities such as Florida enables convenient access for short stay visits.

Tourism continues to grow and equally important for Mexico’s tourism sector is that visitors are continuing to spend more money during their stay on an annual basis. Investors of buy-to-let properties in the resort town benefit from offering sought after private properties for groups of travelers and families being competitively priced in comparison to paying hotel prices for large groups.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Melissa Chappell

Real Estate Property-Properties In Noida

The demand for Noida real estate properties, both residential properties and commercial properties is reaching new heights. Greater Noida seems to attract more investors and developers due to its better infrastructure facilities arrangements and also a direct metro connection with Delhi and the Express Highway (Taaz Express) to Noida will enhance and facilitate easy movements to Noida. Greater Noida falls within the National Capital Region in New Delhi and is located very near to Noida Industrial Township. In recent years, it is considered to be an emerging real estate destination for both residential and commercial properties due to its metro extensions, express highways, and wider roads.

Noida property market has an exceptional demand for residential complexes surrounded with modern amenities like fitness centers, children parks, fun parks, medical aid centers, restaurants, community hall and shopping centers. Properties in Noida certainly benefits from the relative proximity to Delhi. Excellent network of roads and other civic infrastructure make up for a good idea to stay here. Also, Noida is attracting large interests from young well to do professionals who are making Noida, the highest income tax paying district in UP. The real growth drivers of real state in Delhi are NRIs and working population. They prefer to settle in Delhi due to the fact that it has state of art infrastructure, proximity to other cities like Noida, Gurgaon. Interestingly though the capital prices of residential real estate in some sectors of Noida have gone up by almost 5-10 per cent in the past 3-months. Moreover, the demand for residential properties in Noida and Greater Noida is likely to shoot up in very near future, feels industry watchers. Greater Noida also boasts of being the only city in North India with privatized power distribution which ensures efficient and uninterrupted power supply. An international airport is also coming up in Greater Noida.

So the he Delhi NCR region has witnessed a great number of residential property projects being constructed and the market speculation is that the growth will continue in the same pace for the next two to three years. Noida and Greater Noida are the emerging destination in NCR for the investments in properties in noida or Greater Noida. Greater Noida falls within the National Capital Region in New Delhi and is located very near to Noida Industrial Township. In recent years, it is considered to be an emerging real estate destination for both residential and commercial properties due to its metro extensions, express highways, and wider roads.

The demand for Noida real estate properties, both residential properties and commercial properties is reaching new heights. Greater Noida seems to attract more investors and developers due to its better infrastructure facilities arrangements and also a direct metro connection with Delhi and the Express Highway (Taaz Express) to Noida will enhance and facilitate easy movements to Noida. Greater Noida falls within the National Capital Region in New Delhi and is located very near to Noida Industrial Township. In recent years, it is considered to be an emerging real estate destination for both residential and commercial properties due to its metro extensions, express highways, and wider roads.

Noida property market has an exceptional demand for residential complexes surrounded with modern amenities like fitness centers, children parks, fun parks, medical aid centers, restaurants, community hall and shopping centers. Properties in Noida certainly benefits from the relative proximity to Delhi. Excellent network of roads and other civic infrastructure make up for a good idea to stay here. Also, Noida is attracting large interests from young well to do professionals who are making Noida, the highest income tax paying district in UP. The real growth drivers of real state in Delhi are NRIs and working population. They prefer to settle in Delhi due to the fact that it has state of art infrastructure, proximity to other cities like Noida, Gurgaon. Interestingly though the capital prices of residential real estate in some sectors of Noida have gone up by almost 5-10 per cent in the past 3-months. Moreover, the demand for residential properties in Noida and Greater Noida is likely to shoot up in very near future, feels industry watchers. Greater Noida also boasts of being the only city in North India with privatized power distribution which ensures efficient and uninterrupted power supply. An international airport is also coming up in Greater Noida.

So the he Delhi NCR region has witnessed a great number of residential property projects being constructed and the market speculation is that the growth will continue in the same pace for the next two to three years. Noida and Greater Noida are the emerging destination in NCR for the investments in properties in noida or Greater Noida. Greater Noida falls within the National Capital Region in New Delhi and is located very near to Noida Industrial Township. In recent years, it is considered to be an emerging real estate destination for both residential and commercial properties due to its metro extensions, express highways, and wider roads.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Deepika Bhagra

Buying Properties at Auction in Alabama

Foreclosed homes and repossessed or repos properties are one of the quickest ways to make a profit in the real estate investment market. Properties can be purchased at auction for well below market value, then rented or resold for substantial returns. If you’re interested in buying properties at auction in Alabama, read on for valuable information to help you succeed in this lucrative market.

How Do Properties Get to Auction?

Most properties sold at auction in Alabama are there for one of two reasons: either the former owner was unable to keep up on mortgage or loan payments, forcing the bank to foreclose on the property to make up their losses, or the home was repossessed by the government due to a backlog of unpaid taxes.

In either case, the bank or the government is motivated to sell off the real estate as quickly as possible so they can retrieve the money they are owed. Repossessed properties often end up at an Alabama auction, where they can be sold at up to 50% less than their actual market value.

How to Turn Auction Properties into Real Estate Successes

Alabama real estate properties that have been foreclosed by banks or repossessed by the government are often sold at auctions, for bargain prices. But it takes some knowledge and preparation to succeed at buying and selling auction properties. Here are some quick tips:

Come prepared. Most auctions require immediate payment in cash, so make sure you’re carrying enough money to purchase your real estate investment.

Get all the information you can. If possible, drive by any properties you’re interested in and try to get a feel for the area, the condition of the house, and anything else you can learn. Neighbors, and sometimes even the previous owner of the home, can be a valuable source of information. Make sure to attend any scheduled open houses.

Know the market. Before you arrive at the auction and begin perusing the listed properties, it’s a good idea to know the relative value of homes in different parts of the city, making it easier to recognize the best bargains.

Know the laws. Familiarize yourself with Alabama foreclosure laws so you understand the legal implications of buying and selling these properties. An Alabama real estate lawyer can provide guidance.

There is a huge potential to make a significant return on investment in foreclosed property. With the proper preparation and careful examination of the property you plan to purchase, you’ll be more likely to achieve success and higher profit margins.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Daniel Smith

Bank Foreclosures at Bargain Prices

The interest in buying foreclosure real estate, especially bank foreclosures, has always been high. People want to buy foreclosures, because this is one of the most profitable investments in real estate one can make. Foreclosure homes are real estate properties securing a loan that has not been paid for. Bank foreclosures are owned by the bank who has made the loan and who tries to sell the property in order to recover their money. Foreclosure investments are considered among the safest, because the prices of foreclosure real estate are usually below the market. Potential buyers of bank owned foreclosed properties deal directly with the lender when negotiating the price of the home they want to buy.

Banks that own foreclosure real estate properties sell them to recover the money they have lent to the original owners. Those interested in investing in bank foreclosures can find offers for foreclosure homes in lists of foreclosed properties made available for anyone who wants to buy foreclosures. Both real estate investors with a large portfolio and individual first-time buyers are interested in making foreclosure investments, because the properties categorized as foreclosure real estate come with lower prices than average on the real estate market. Getting significant discounts for bank foreclosures means the buyers are sure to make a profit if they sell the properties later on.

Foreclosure real estate is also on high demand with first-time buyers who look for the home of their dreams. Because they can only make a small investment in real estate, bank foreclosures are an ideal option for such buyers. Initial prices for foreclosure homes owned by the lender are usually negotiable, so those who want to buy foreclosures can close even better deals than they expect for the bank foreclosures they are interested in. When banks sell foreclosed properties, they finance a new mortgage for the new owner. With foreclosure investments, there are several contractual provisions that can be negotiated. Clever negotiation on foreclosure real estate can get the potential buyers lower interest rates or a low down payment.

Although the initial prices of certain bank foreclosures may seem higher than you expect, you should bear in mind that you can still save significantly by purchasing such properties. Prices for foreclosure homes are always below the market value of the respective properties, and this is why foreclosure investments cannot fail to bring you good profit. Moreover, the prices of foreclosed properties are negotiable, and lenders can prove fairly flexible when it comes to selling their foreclosure real estate. Being able to negotiate is essential for anyone who wants to buy foreclosures, as they can get better deals than they might expect for bank foreclosures.

By resorting to a listing service, both real estate investors and first-time individual buyers can locate attractive offers for bank foreclosures. Listings of foreclosure real estate include descriptive details about foreclosure homes, such as location, condition and number of bedrooms, and also information about prices and how to contact the banks who own the foreclosed properties. Staying up-to-date with the information included in listings of foreclosure real estate is essential for those who want to make profitable foreclosure investments. For those who want to buy foreclosures, the main advantage of accessing available lists of bank foreclosures is that they are extremely convenient and can help save a lot of time.

Bank foreclosures are definitely one of the best options for those who want to buy a home. The prices on the real estate market may scare potential buyers away, and this is why foreclosure real estate is a good investment. The prices for foreclosure homes are always below the market, and this makes them very attractive for both real estate investing companies and individual buyers. Foreclosed properties owned by banks are among the safest foreclosure investments. The whole process of locating and closing a deal for such foreclosure real estate is not complicated at all, as many people who have decided to buy foreclosures can testify.

Locating the best offers of bank foreclosures can result in closing a very good deal for any potential buyer. Foreclosure real estate is always available at bargain prices. Moreover, your ability to negotiate with owners of foreclosure homes can bring you even lower prices. This is why you should always be on the lookout for attractive foreclosed properties. Once you have decided to buy foreclosures, you should subscribe to a specialized listing service. Up-to-date lists of foreclosure real estate will certainly help you locate the best bank foreclosures and make very profitable foreclosure investments.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Amelie Mag

Real Estate in Toronto: Should You Buy a Foreclosed Home?

The decision to purchase a home is not one that should be taken lightly. Buying a house is a long-term investment that will affect your finances negatively and positively for the rest of your lifetime. With this in mind, you should always maximize your investment potential when you purchase a home. Look for the best deal. Purchase property in a neighborhood where property values are on the rise.

You have probably heard that there are a lot of bargain-priced homes on the market right now. This is especially true if you are thinking about buying a foreclosed home. In some cases, foreclosed homes sell for as much as 50% less than their market value. But before you go right out and buy a foreclosure, there are some points that you should consider:

  • A lot of foreclosures are located in economically depressed areas and areas where job loss has greatly impacted the local economy. Sure, there are foreclosures in affluent communities as well, but they are fewer in number. Buying in a depressed area could negatively affect the value of your home and your ability to pay for it. It might even affect your ability to refinance and/or sell in the future.
  • Houses are foreclosed upon after people are unable to pay for them. If a home loan has defaulted, you can almost be sure that the land taxes are not paid up to date. In some cases, back taxes transfer with the house. You could end up having to pay the bill.
  • In a similar vein, foreclosed houses are often in disrepair. People do not lose their homes overnight. They do so after a long economic struggle during which repairs are not being made. Much of the foreclosed real estate in Toronto is in need of major repairs. In all likelihood, you will be responsible for making such repairs. The bank has already lost money on the home and will probably not want to invest any more.
  • If you buy a foreclosed home at auction, you might not be able to see inside it let alone have any professional inspections performed. You might find that there are major issues with the home after you have purchased it.

Again, foreclosures can be a great deal, but there is a chance that you will end up spending more money than you planned if there is something wrong with the home. Be sure to ask a lot of questions and leave no stone unturned when purchasing a foreclosure. And do not be afraid to ask questions. Knowledge is power especially where foreclosures are concerned.

The decision to buy a foreclosed home is a personal one. However, having all of the facts greatly increases the chance that you will make a wise decision and keep more of your hard earned money in your pocket. The bottom line: Never buy real estate in Toronto without doing your homework first. Look before you leap!

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Robert Kennedy

Real Estate in Toronto: Should You Buy a Foreclosed Home?

The decision to purchase a home is not one that should be taken lightly. Buying a house is a long-term investment that will affect your finances negatively and positively for the rest of your lifetime. With this in mind, you should always maximize your investment potential when you purchase a home. Look for the best deal. Purchase property in a neighborhood where property values are on the rise.

You have probably heard that there are a lot of bargain-priced homes on the market right now. This is especially true if you are thinking about buying a foreclosed home. In some cases, foreclosed homes sell for as much as 50% less than their market value. But before you go right out and buy a foreclosure, there are some points that you should consider:

  • A lot of foreclosures are located in economically depressed areas and areas where job loss has greatly impacted the local economy. Sure, there are foreclosures in affluent communities as well, but they are fewer in number. Buying in a depressed area could negatively affect the value of your home and your ability to pay for it. It might even affect your ability to refinance and/or sell in the future.
  • Houses are foreclosed upon after people are unable to pay for them. If a home loan has defaulted, you can almost be sure that the land taxes are not paid up to date. In some cases, back taxes transfer with the house. You could end up having to pay the bill.
  • In a similar vein, foreclosed houses are often in disrepair. People do not lose their homes overnight. They do so after a long economic struggle during which repairs are not being made. Much of the foreclosed real estate in Toronto is in need of major repairs. In all likelihood, you will be responsible for making such repairs. The bank has already lost money on the home and will probably not want to invest any more.
  • If you buy a foreclosed home at auction, you might not be able to see inside it let alone have any professional inspections performed. You might find that there are major issues with the home after you have purchased it.

Again, foreclosures can be a great deal, but there is a chance that you will end up spending more money than you planned if there is something wrong with the home. Be sure to ask a lot of questions and leave no stone unturned when purchasing a foreclosure. And do not be afraid to ask questions. Knowledge is power especially where foreclosures are concerned.

The decision to buy a foreclosed home is a personal one. However, having all of the facts greatly increases the chance that you will make a wise decision and keep more of your hard earned money in your pocket. The bottom line: Never buy real estate in Toronto without doing your homework first. Look before you leap!

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Robert Kennedy

Easy Steps to Building a Buyer’s List

When you are in the business of rehabbing or wholesaling real estate a buyer’s list can be your best friend. There are many ways to go about obtaining a buyer’s list such as buying one from a host of companies. However, nothing can compare to building your own list for many different reasons.

When you build your own buyer’s list, you know for sure who the people are on your list. In other words, you are not simply buying names, having no real idea if the people listed are actually interested in purchasing wholesale or rehab real estate. For that matter, you have no idea if these people are actually interested in purchasing real estate from your area. Buying a list is never a good idea as a whole.

Building your own list gives you many advantages. The people listed on your buyers list have actually given you their information personally. They have expressed an interest in buying real estate from you and what is more, they have expressed an interest in buying real estate in the area in which you offer it.

Another advantage of a buyer’s list is that it allows you to target specific areas of interest. You may have more investors looking to buy real estate on one side of town than they are on the other. Buy building a buyer’s list you have the opportunity to get a good grasp on what your buyers want and where they want it, allowing you to make the appropriate decisions on your investment. For more details visit to www.list-management-secrets.com. With a buyer’s list you have a better chance at selling and getting a return profit. The real estate sells quickly, in most cases, and the profit starts rolling in, if you have done your homework, research, and built a reliable buyer’s list.

With that being said, here are some steps you can take to build your own buyer’s list, without even having any property on hand at the start.

Advertisement – Your local newspaper is the best place to start. The key is to make it realistic and eye catching. You have to stand out, but you also want the prescreening of potential buyer’s to take place through the advertisement. In other words, you want to include the types of property you intend to sell, good credit required, and serious buyer’s only. You could also stretch things a little and say you currently have 16 or 17 properties. This is ok, because you are building your list.

Provide your telephone number and maybe even an incentive for their purchase, such as a free product or something similar. Be sure to identify that you are advertising to investors. For more information logon to www.mailing-lists-profit.com. Clubs – Another great way to build your buyers list is to join real estate investment clubs. These clubs hold meetings on a monthly basis and generally are brimming with interested, potential investors. One thing you need to take note of is that you must cater to your potential buyers. Many people buy property with hopes of selling it, then look for a buyer. In other words, they are looking for a buyer for that property. It should be the other way around, you should have a buyer, then find the property based on what they are looking for.

Keep It Fresh – You want to make sure that your buyer’s list holds only fresh names, telephone numbers, and other information. You want to have variety as well, keep names of investors on the list that are interested in various types of properties, this will help ensure that you always have options.

Make sure you take names off the list, as they are no longer interested, leave the investing business, or move out of your area. This is an important aspect of your buyer’s list, if you do not update it, you may find that you run out of investors or buyers and create unhappy people at the same time, which could hurt your business.

Information – The information contained on your buyers list should include the following:

• Buyer’s Name
• Buyer’s Telephone Number
• Buyer’s Fax Number
• Buyer’s Email Address
• Buyer’s Area of Preference
• Cash Closing (yes or no)
• Permission to contact with future deals
• Permission to fax or email
• Price Range for Property
• Types of Property Preferences

Once you have this information, it is important to keep it in a safe spot, where you can easily access it, such as Excel or Microsoft Word. Keeping everything at hand and organized is the best way to maximize your use of the buyer’s list. Having it stored digitally in a database will help you keep the buyer’s list fresh and new. You can easily add and remove names as necessary, giving you the most up-to-date buyer’s list possible.

Success in commercial real estate selling is dependent upon buyers and interested buyers at that. Your buyer’s list will help you build a successful empire and keep the profits rolling in at the same time.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by JHON CODY