The Best of Palm Beach County

Posted in USA  by: Marie
November 19th, 2014

Palm Beach is considered as one of the most affluent and popular county in the southern state of America, specifically in Florida. Its natural beauty is unparalleled with rows of palm trees, which is where it got its name.

Education is always a priority in this county, where the fourth largest school in Florida (which is also the 11th largest in the whole America) is located, as well as three of the top 50 schools in America. People want to live here, because out of 250,000 homes, only about 16,000 homes are now available for sale. Great infrastructure facilities have also made Palm Beach a very desirable place to reside permanently.

Most Pricey Homes of 2012

Posted in Information  by: Kitch
November 12th, 2014

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Though recession  has evidently slowed down the real estate industry last year, it still did not stop people, at least the rich ones, to purchase expensive homes. According to Trulia.com these were the most expensive homes of 2012, some of it were already sold, some are still in the market.

5. Woodside California’s $85 million mansion. This 9,000 square feet home has 9 bedrooms, and 8 bathrooms. The home itself is not as expensive but the vast land of 91 acres property is beautiful and has so much potential.

4. Sherry Netherland Penthouse in New York. This home has 7 bedrooms and 8 bathrooms. A full floor in this NY hotel overlooking Central Park is being sold for $95 million.

3. City Spire Penthouse – This home, also located in New York is for the value of $100. It has 6 bedrooms and 9 bathrooms. Great view and sits more than 70 stories high.

2. Ocean Drive Mansion, Miami Florida- For a bargain at $100 million, this mansion boasts of 10 bedrooms, 11 baths and has hand-painted frescoes and an observatory.

1. Fleur de Lys - $125 million mansion with 12 bedrooms and 15 baths. Located in Bel-air, Los Angeles. It has a screening room with 50 seats!

 

Buying A House In Foreclosure

Posted in Information  by: editor
November 5th, 2014

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Some home buyers who are looking for a good deal usually consider getting a house in foreclosure. Sellers go into foreclosure for various reasons: they got laid off or fired from their job, mounting debt and bills, transfer to another state, or are unable to work because of medical conditions.

Before buying a house in foreclosure, remember that the proceedings differ from state to state. Some homeowners can occupy the property up to a year; in other states, the seller has about four months before he or she vacates the house.

You also need to determine if you’re the kind of person who can take advantage of the seller’s unfortunate circumstances. Some might argue that this is just business while others believe they are helping the seller, but deep down you know that isn’t true.

Finding A Real Estate Agent (Part 2)

Posted in Information  by: editor
October 29th, 2014

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Here are some more ways you can find a real estate agent who will listen to your needs.

Attending open houses is one way you can meet various real estate agents in a work environment. Get their business cards and write notes on each real estate agent. Observe if he or she is polite, knowledgeable, and professional, and pay attention to the way the agent shows the home.

Look at the listings in your neighborhood and pay attention to the day they are placed and when the sold sign is placed. An agent who sells homes fastest might be better than one who has a lot of “for sale” signs.

Also look at print ads. There are usually two kinds of print ads run by real estate agents – the first sells a specific property while the second promotes the agent. Look for ads of properties in your ideal neighborhood and then research online about the agents who are advertising them.

Manufactured Homes

Posted in Information  by: editor
October 22nd, 2014

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Manufactured homes are commonly thought of as “trailer homes” or “mobile homes”. Today, however, manufactured homes come in different styles and offer more options than in previous years. Manufactured homes are usually built in a factory according to the standards of the Federal Building Code or the HUD code, as well as local codes. Made out of a non-removable steel chassis, portions of a manufactured home or the entire home itself can be moved to the site from the factory using its own wheels. Once the manufactured home reaches the site, they are assembled and the utilities are connected. An inspector looks at the work that has been done before the structure is approved. While less expensive than modular homes, the value of a manufactured home often decreases with time.

Mortgage woes spread to pricey real estate

Posted in Mortgage  by: Marie
October 15th, 2014

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Subprime woes spread to pricey real estate.

NEW YORK – The subprime mortgage crisis is spreading to a somewhat unexpected place: homes costing more than $500,000.

As lending has rapidly gotten more restrictive for borrowers taking out large loans, sales of expensive homes have fallen sharply around the country during what should be one of the busiest seasons for buyers and sellers, mortgage bankers and real estate agents say.

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Noah’s 2008 Predictions (Part 2)

Posted in Predicitons  by: Marie
October 15th, 2014

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MANHATTAN HOUSING – I expect a slower than normal wall street bonus season in the months of JAN – APRIL, in terms of buyer demand. As for bonuses, yes I think they will be given out (with some departments seeing drastic cuts in bonuses) but its HOW THEY ARE SPENT that I’m a bit concerned about. I expect inventory to build as we near summertime, as a result of a slower than normal bonus season, and wall street to deteriorate as we get more clues about whether we are in a recession or not. As wall street falls, so will confidence and demand on the buy side for Manhattan real estate products. At the same time, we will see more types of sellers contribute to inventory builds toward the end of 2008; speculators, foreign buyers flipping, second home’s selling, and struggling buyers who bought a bit more than they can chew or whose job security has changed to the negative. I expect job losses to grow during the first two quarters of the year as a result of the credit crisis and hit to the financial sector, leading to what I described above.

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Scottsdale Upscale Residences

Posted in USA  by: Marie
October 8th, 2014

In 2006, Scottsdale made it to America’s top ten residential markets with total luxury home sales totaling close to $600 million. It carries some of the most desirable neighborhoods in the Phoenix area, bordering natural deserts and within walking distance from golf green areas.

Communities such as DC Ranch – Silverleaf, Desert Mountain, Desert Highlands, Legend Trail, Terravita, and Grayhawk have all been planned very carefully for utmost livability. Value of houses can fetch as much as $10 million or more. Some gated communities even offer amenities such as tennis courts, full health club facilities, community swimming pools, biking, and hiking trails.

New York’s Mortgage Woes in Real Estate

Posted in USA  by: Marie
October 1st, 2014

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There is a mortgage crisis in New York, not only in low cost houses, but also in homes that are valued $500,000 or more.

Real estate agents say that lending activities in the area has fallen dramatically even during this peak season, when buyers and sellers should be busy. Mortgage bankers say that the change is due to tighter financing. Since the borrowers are starting to find it hard to get lenders who will fund big amounts of financing, they do not bother to buy at all. And even when they do, they usually end up in banks charging as much as 9% in interest.

Investing on Dubai Real Estate (Part 1)

Posted in Dubai  by: Sherill
September 24th, 2014


www.prebdubai.com

If you want to purchase real estate in Dubai for investment purposes, you will find that the properties nearing completion have the greatest potential to bring you rewards. If you sell the property, you can expect a premium on the capital value. If you decided to rent it out, you can get revenues from the monthly rentals.

However, to maintain a good investment deal, you must account for the cost that you have to incur either one-time or in a recurring basis. Like for example, if you entered a property transaction through a consultant, you have to pay for brokerage charges ranging from 2-6%.

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