ListHomes4Less » Buyer

First Time Home Buyer How much Money Do You Need To Buy A House

admin — Wed, 28 Jul 2010 05:02:28 +0000

How To Buy A Home

Lucky Buys Yucky Houses- Nations Largest Home Buyer!

admin — Tue, 09 Mar 2010 08:18:07 +0000

Sell your house fast. Visit www.yuckyhouses.com for a fast cash offer.

First Time Buyer: Providing Assistance to Naïve House Buyers

admin — Thu, 31 Dec 2009 00:13:58 +0000

To own a house is like a dream come true. Everyone wants to live in his own way and for this own house is a must. For first time buyer this big purchase can be done with ease through smart planning and using ample opportunities at hand.

Services to first time buyers

A first time buyer can enjoy the benefit of âmortgage servicesâ available in market. A low interest rate and long repayment period brings down the financial pressure to a greater extent. At the beginning of the purchase, buyer has to make a down payment and rest of the expenses is taken care of, by the lender himself. Repayment can be done without any haste.

Settling a deal

For all mortgages deal the house purchased acts as collateral for the lender. Lender possesses all the rights to takeover the home in case of failure in repayment. Hence proper financial planning is suggested before making any deal. One should take suggestion from different agencies regarding the deal. In sounds a bit troublesome but play as a key for a good deal.

Smart choices

Lower interest rate remains the first priority of the buyer. So relevant information regarding deal, policies and procedures must be thoroughly understood. Time should be properly utilized for this task as rests of the procedures are much easier. Now a days applying online has become a good time saver method.

Snap sort on planning

Proper planning plays a vital role in accomplishing a good deal. The following steps mentioned below should be judiciously followed. It removes anxiety and offers overall control of the deal.

â¢ Arrange the finance beforehand.

â¢ Get the mortgage deal pre-approved.

â¢ Make smart choices by keeping track of the necessities.

â¢ Get the thorough inspection done to secure durability.

â¢ Finalize a possession date and then close the deal.

So the first time buyer is advised to make a thorough enquiry to reap maximum benefit of mortgage services. Lowest interest rate is the key for selecting the right mortgage services. A smart planning secures a happy, calm and comfortable living place.

An Investment Property Buyer Guide For Dubai

admin — Thu, 10 Dec 2009 19:20:00 +0000

For any investors serious about buying property in Dubai, one should be sure to have all one’s finances sorted out before you begin searching for the ideal real estate.
Due to the fact that the purchase process, once underway, can progress extremely rapidly and should a property investor not have a mortgage agreed upon or should the investor in question not have enough money to hand the sale – it could result in the whole process falling through as a result of the continual fast-moving nature of the Dubai property market.
Many investors, internationally and locally feel that in direct contrast to the “highly sophisticated sales process in Dubai which sees developers and estate agents presenting potential clients with superior show homes to view and lovely brochures to peruse, the property buying process in Dubai currently lacks some sophistication and transparency.” – This is not good news when sales agents seek to ‘clinch’ a deal with a potential purchaser.
Read on to see how to avoid the common issues that investors may encounter during the buying process in Dubai.
Altogether there are so many developments which are in the process of being built, that an investor will have to spend a considerable amount of time comparing the qualities of any given development, the developer and the specific properties characteristics and features, all this needs to be compared with the investors available funds, to ensure they get the best valued property for their budget and investment criteria.
When one attempts to arrange a mortgage (in order to buy property in Dubai) an investor can either do this in their country of residence or locally in Dubai. An increasing amount of financial institutions are now offering more products to non-resident purchasers on a monthly basis, therefore it is extremely beneficial as an investors to ’shop around’ for the best interest rates and payment terms.
Should the investor require financial assistance in order to purchase a resale property, he/she will have to have a valuation completed on the property to satisfy the financial institution and further show that the property in question is indeed worth the asking price.
To help smooth matters out, it is advisable to have a solid idea as to what kind of investment you would like to attach yourself to…before you begin searching!
The good news for purchasers looking at buying investment property in Dubai is the fact that there are no property related taxes to speak of. Translated, this means that there is only a minimal additional outlay with buyers having to cover lawyer’s fees he ongoing maintenance of the property as well as any shared areas or facilities.
For all those investors seeking to gain profits from their purchase immediately, there is always the option of purchasing real estate in Dubai that is on resale.
It is important to bear in mind that because there is currently no formal conveyancing system in Dubai, as well as no way of finding out who holds the freehold title of any given property, an investor is encouraged to ensure the property transaction for any resale unit ‘goes back via the original developer.’
This is critical as it is quite common place for investor’s who are not aware and alert to become the victim of fraud. It really cannot be emphasized enough – an investor interested in any resale property must contact the original developer before signing any contract to purchase (note to self – this is one of the most important issues one needs to contend with when purchasing property in Dubai).
As had been done in the past, many property investors turn their properties over to a secondary purchaser during the construction period already, in order to take advantage of any capital gains already accrued.
When it comes to the buying of a resale property during its construction period, most developers will allow for the resale of off plan property; however some developers are of the persuasion that only the original purchaser is allowed the right to resell during construction.
The secondary buyer, in such cases will only be able to resell property upon completion of the development. It has however become the norm for investors to purchase during the construction phase, as the majority of property developments are still to be completed!
Due to the fact that there are no escrow account structures in Dubai, any money an investor pays goes directly into the developers’ accounts (so as to fund the building process).
The fact that in Dubai, the government has a sophisticated process in place, whereby “any developer wishing to sell property units has to agree to place 50% of the price of each unit in a bond and only then is he allowed to sell his property.”
Translated loosely, this means that should a developer go bankrupt or renege on a contract in Dubai, the government should have sufficient funds in the bond to get the project completed.
Such insight into the buying and selling process of Dubai’s property market is imperative and undeniably necessary for all potential investors to be able to equip themselves with all the needed information to speedily come to an investments choice, which will prove lucrative and highly successful.

Average Age of First Time UK House Buyer Reaches 34

admin — Wed, 02 Dec 2009 06:27:07 +0000

It is often said that the first time buyer is the lifeblood of the housing market. They buy the houses at the bottom of the housing ladder, allowing previous owners to buy at the next level up and so on. Without first time buyers, the housing market would slow down dramatically – a process which according to many commentators is starting to happen. In fact, figures quoted by Rightmove suggest that during August, the average house price in London actually fell by 0.1%, and the rest of the UK saw growth of only 0.6% – the fourth month in a row that house prices have increased by less than 1%. In theory, this could mean a light at the end of the tunnel for the first time buyer as at this rate, it won’t be too long before house price increases are aligned to the average salary increase of 3-4%. However, it’s not all great news for first timers as this still means that the average house price in the UK is running at over £240,000. It might take a sustained period of rime before those that have re-mortgaged are willing to sell at prices that first time buyers can afford to kick start the market again.
What does this mean to the first time buyer then? The great housing market boom may have slowed down, but the average Joe on the average salary still can’t afford to buy the average house unless he has a huge deposit.
One statistic that parents and young adults alike might find mind-blowing is that the average age of the first time buyer in the UK has increased from 27 to 34 in the last 30 years (according to the GE Money Home Lending and Customer Research Organisation). The research also shows that the number of first time buyers buying with a spouse has decreased from 80% in 1977 to just a third today. This means that the prospect of leaving home and moving into that ‘party pad’ remains a dream for many.
With so many people getting well into their careers before buying their first place, there are more and more people either choosing or being forced to live in house shares throughout their early working lives. In fact for many graduates, who are in often also burdened by student loans the reality is that they will still be living in student house shares well into their thirties!
For more information on house sharing, or to find housemates, visit abodewithme.com.

Are Tract Houses The Right Option For Today’s Florida Real Estate Buyer?

admin — Sun, 22 Nov 2009 17:40:09 +0000

If you have been in the market for Florida real estate, then you have seen them. Tract houses, also known as Cookie Cutter houses, are known for their matching exterior façade, identical interior features and no deviation from the original design whatsoever. They are alike in every way. In many cases, these tract homes are built using low quality, cheap materials as well.

Subdivisions filled with these houses have popped up all over Florida, but are these tract homes the best option for today’s Florida real estate buyer?

Don’t you want a home that is built to last?

What if you could have a beautiful, customized home that is built above code and using only the highest quality materials?

What if your Florida home was built using 3000 psi concrete that is reinforced with both fiber and steel mesh to build your foundation and driveway? How about walls that are built using solid poured concrete, reinforced with three times the steel of a concrete block home?

Worried about hurricanes? What if you could have a Florida home that is built to withstand winds of at least 140 mph? That’s a Category 4 Hurricane! Compare that to lower quality tract houses that are built of hollow concrete block, and will withstand a maximum of 110-120 mph winds.

Want more from your building material?

A solid concrete home is also quieter and more energy efficient. Concrete is resistant to rot and insect infestation. Solid concrete walls are water tight and resistant to fire.

Concrete is made using plentiful, renewable resources which means your Florida Home is stronger, more efficient, quieter and safer overall than a wood frame home, and it’s more cost efficient to build. Talk about getting more for your money!

A strong roof makes for a safer Florida home

What if you could have a home that is topped with 5/8 inch, CDX plywood roof decking, 30 pound felt, and beautiful 30-year architectural shingles? And doesn’t it sound like a better plan to secure that roof using 50% more hurricane truss straps than required by local building code? Of course it does. The more protection you home has in the event of a severe wind storm the better. The roof of a home is a key point of pressure in a wind storm, and a compromised roof leads to a compromised home. This is why building a stronger, better roof is so important.

Tract houses are not built with this philosophy in mind. Most of them are built using 7/16 inch OSB plywood (the cheapest material available), 15 pound felt, asphalt shingles and no extra hurricane truss straps.

What if you could choose the look of your home, inside and out?

Tract houses are often called “cookie-cutter” homes because they all look exactly the same. Many tract house developers believe that offering the home buyer options is a waste of time and money.

But doesn’t the Florida home buyer reserve high quality interior and exterior options to personalize their homes? Don’t they deserve a choice of luxurious floor plans, each with upgraded interior and exterior packages that will give their home a unique look?

Does the Florida real estate buyer really want a home that looks exactly like every other home in the neighborhood? Wouldn’t they be better served with an upgraded exterior package that includes a top-quality, exterior waterproofing paint system in their choice of colors? How about raised decorative stucco bands and decorative eyebrow windows in front, a four zone sprinkler system and St. Augustine sod? Aren’t these better options for today’s Florida home buyer?

Tract houses builders often use the cheapest paint they can find, low cost, scratched-in stucco bands, plain square windows, cheaper Bahia sod and no sprinkler system. Do those sound like better features to you?

What if you could customize the interior of your home?

Don’t you want a Florida home that is built with an upgraded interior package, tailored to your own personal style? This package could include upgraded, two-tone interior paint, a $1000 lighting package, plant-shelves, knock down ceilings and more pre-wired rooms for easy installation of cable, phone and ceiling fans. Sound’s great, doesn’t it?

Your kitchen could include granite counter tops, raised panel cabinets, a built in microwave with hood vent, garbage disposal, ceramic or porcelain tile in your choice of colors and styles and top quality appliances. Don’t you want to have a kitchen that is beautiful, functional and raises the re-sale value of your home?

What about the bathrooms? Some people consider bathrooms to be one of the most important rooms in the home. Doesn’t it make sense, then, to have a bathroom that is upgraded with wall mounted vanities, upgraded fixtures, and ceramic tile in bath and shower areas as well as on the floors? Your master bath could also include glass shower enclosure and a whirlpool tub.

You won’t find any of these features in a tract house.

Shouldn’t your home builder go above and beyond?

It’s the little things that make a difference. Your Florida home could include insulated windows that tilt for easy cleaning, an automatic garage door opener, pull down stairs for attic access, a 50 gallon hot water heater, energy efficient heat pump and so much more! As a real estate buyer, don’t you want a high quality, custom built home that far exceeds any tract house in strength, safety and quality features? Don’t you deserve the very best?

Fast Cash House Buyer in UK

admin — Sat, 21 Nov 2009 21:40:15 +0000

Selling a house is a difficult task especially distressed homes. The current housing market is witnessing a major increase in the quantity of house sales due to financial difficulties. Distressed property is a burden for the homeowners who want a quick sale and free themselves from the burden of maintaining a real estate property. Quick House Buyers is a fast cash house buyer in UK which buys houses and offer cash without any hassles and a profitable deal to the house owner.

Property management is a tough, time consuming and an expensive job. Many of us involve ourselves in the rental business without realizing the amount of effort it requires. The resultant effect is distressed selling of the homes. A house seller in UK might want to sell property for immediate cash for a number of reasons including higher mortgage payments, increased maintenance costs, increased fuel expenditures and at times troublesome tenants.

Usually, many homeowners are forced to sells the distressed property at a price well below its value just to get rid of it as soon as possible. But these homeowners are not aware of a better option where they get a much better price and are saved from the hassle of selling in the open market. Quick House Buyers is the most reliable quick cash house buyer UK who helps the homeowners to sell property fast. We offer buy house at best price along with the competitive house sell & rent back service in UK.

Quick House Buyers in London has associates all over UK. We offer homeowners a guaranteed deal as soon as they approach us so that they can sell their distressed house with minimal effort. There are no extra fees or hidden costs attached to our proposals and the homeowners can safely trust the transaction process. The homeowners can enjoy the stress free experience along with the good value for your distressed homes. The homeowners also have the option of using house sell & rent back service in UK that allows them to stay in the home even after they have sold it.

Visit the site www.quick-house-buyers.co.uk and get more details about house sell & rent back service in UK.

Avoid Common Property Buyer Errors In Portugal

admin — Fri, 13 Nov 2009 12:16:48 +0000

Searching for a dream property in Portugal is an emotional experience, it is however, also a business transaction and must be treated as such.
Three of the most devastating things that can go wrong are:
Paying too much
Loosing a dream home to another buyer
Buying the wrong home
When you have a systematic plan before you search your dream property, you will be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:
Get the information you need
What price do you offer a seller? Is the sellers asking price too high? Is it a deal? Your own research is important, as is the assistance of a Portuguese Government licensed Real Estate Agent.
A professional Real Estate Agent can offer an unbiased opinion on the value of a home, based on many factors and a great deal of information. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity. Hire the right person and trust that person to represent your interests.
Buy your home
What do you need and want in a home? Sounds simple, but clearly identifying your needs and bringing an objective view to home shopping leaves you in a much better position. How much space do you really need? Too small and you may feel like you live in constant clutter. Too big and maintenance may become too daunting. Outline all of your priorities, and work on finding not just a great home, but a great home for you.
Check the title
Before you sign any document, be sure the property you are considering is free of all encumbrances. As a part of his or her services, a Real Estate Agent can supply you with the necessary solicitor or lawyer to ensure there are no liens, debts, undisclosed owners, leases or easements against the title.
Update the survey
Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbours new fence which is extending a boundary line etc.), and will guarantee that you are indeed getting what you pay for.
Minimize the unexpected
For approximately 500 Euros, a professional inspector will conduct a thorough inspection of the home. Their expertise can mean the difference between uncovering major flaws before or after you own a home. Make the final contract subject to the reports findings.
Get pre-approved
It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.
Remember additional costs
Besides the funds for the purchase of a home, you will need funds for items such as loan fees, insurance, legal fees, surveys, inspections etc.
Take a deep breath
Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Do not rush. You could loose money, financing, or even the sale if you attempt to push things through too hastily.
I wish you a smooth property purchase in Portugal.