Hong Kong’s Real Estate Is World’s Peak

Posted in Hong Kong  by: Marie
September 5th, 2015


The bar for luxury residential real estate in Hong Kong, already one of the most expensive areas in the world, has been raised.

The Peak, at 1,811 feet above sea level, is the highest point on Hong Kong Island and has symbolized prominence and wealth since the 19th century. Formally known as Victoria Peak, it towers above the heart of the city and has spectacular, 360-degree views of all of the surrounding islands. To live there signifies a status level for which captains of industry from around the world are willing to pay top dollar.

Last month, The Peak exceeded its own lavish reputation, with local headlines claiming it is the site of the most expensive residential piece of land in the world. The government land auction of 12 Mount Kellett Road fetched $231 million from Sun Hung Kai Properties — 134 percent of the opening bid and a projected $5,417 per square foot.

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Pool Covers and Solar Heaters

Posted in Information, Tips  by: Marie
August 28th, 2015

pool-coversPool covers serve not only for the protection of children but they can also be a great water saver, preventing water from evaporating especially during warm weather. Newer types make use of heat retaining materials that captures heat, retaining it in the water keeping the temperature just right. More greening can be added by swapping that gas or electric pool heater with solar ones that gives you free heat from the sun in conjunction with your pool cover. Read the rest of this entry »

New York’s Mortgage Woes in Real Estate

Posted in USA  by: Marie
August 21st, 2015


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.

Smooth Sailing 2008 – Northeast Philadelphia

Posted in USA  by: Marie
August 14th, 2015

As early as the first quarter of 2008, Northeast Philadelphia has shown  early signs of a good year. Trepid market and low interest rates encourage more buyers to purchase a new home. In fact, the sellers are already looking forward to a good spring market.

For buyers with a good credit, borrowing money has never been so cheap in years. Even borrowers who have limited down payment money or those without a perfect credit limit are realizing their dreams of owning a home. Buyers can choose from condos, row houses, twins and singles with prices ranging from $100,000 to $500,000.

Mortgage woes spread to pricey real estate

Posted in Mortgage  by: Marie
August 7th, 2015


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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Opportunities in Pune City (Part 1)

Posted in India  by: Sherill
July 31st, 2015


Pune city is buzzing with real estate activities to accommodate industrial, commercial, and residential areas. It is witnessing new heights in new business activities like the ITES and IT industry as well as the BPO sector.

Prime areas of this city like Koregaon Park, Model Colony, Hinjewadi, and Deccan Gymkhana command the highest values of real estate in the city. Moderate property rates can be found in new areas like Nagar road, JM road, FC road, Wakdewadi, Shivaji Nagar, Kalyani Nagar, and the Camp. In these areas, you can find land, apartments or flats that only range between Rs 3,000-4,500 per square feet.

More Luxury Homes Go on Auction

Posted in Information  by: Marie
July 24th, 2015

All over the US, luxury homes and even ones owned by the rich and famous are going on the auction block, victims of their lavish design and cost, foreclosed due to unpaid mortgages. Some are simply sold off due to their high maintenance costs and some even to trim down on one’s expenses. They might be luxurious but their prices are falling as the rest of the housing market has seen in the past months. Luxury mansions, abandoned and left for foreclosure can be a challenge for their respective lenders, for the cash they may get in may not be what they placed in when it was bought. They also run the risk of having to settle for a long wait for there aren’t many buyers of such lavish homes today.

Finding A Real Estate Agent (Part 2)

Posted in Information  by: editor
July 17th, 2015


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.

Low Home Appraisals Affect Pending Sales

Posted in Information  by: Marie
July 10th, 2015

There is a lot of talk regarding the slow pace at which appraisals are now being done, the figures they are also giving are way too low. Much to the dislike of the many real estate agents and sellers alike. The process of appraising a home tends to come as part of the buying process where a buyer or the agent acting on behalf of the buyer, contacts an authorized appraisal representative who is hired to make an estimation of the true value of a specific property. They are licensed to carry out their jobs at par with industry standards yet realtors disprove of their results which they say are way lower than the true value of properties they are selling. There is a lot of controversy as to the figures they are using in their estimation and calls for a revamp of these very tables are called for by the many realtors out in the ailing housing market.

Modular vs. Manufactured Homes

Posted in Tips  by: Sherill
July 3rd, 2015

Both modular and manufactured homes are built in the factory but modular homes have more advantages.
Manufactured homes are also called mobile homes, and are built only to HUD, or federal building code. They are not required to meet code requirements in the specific destination where the homes will be erected. Also, it is not required for the inspectors to approve the structure.
Modular homes on the other hand, have to pass a stricter set of guidelines. It is held to the same IRC code requirements as site built homes, and must adhere to the local and state codes. It will therefore appreciate better as investments.

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