Archive for May, 2009

CLICK/GO TO: tinyurl.com – How the heck do you get ahead in a game when your competition is larger than most small countries? It’s almost unfathomable to think of. Which is why I was blown away when I saw a guide the other day that claimed it could get you to the top, with the largest mafia, the most points, the best possible route to beating your opponents , regardless of all those other people. And it works. Boy does it ever work. I haven’t been this blown away since I first logged into the game. But, it’s easily the most complete, and effective guide I’ve ever seen for Mafia Wars. Get it at: tinyurl.com

Your townhouse and your personal property are some of the most valuable assets you own. As such, you need to insure them. Here’s how to get cheap townhouse insurance with a reliable company.

Townhouse insurance

You may actually have two policies to consider when purchasing townhouse insurance:

1. Your association’s master policy – Some townhouse associations have a master policy, and some don’t. Before you purchase insurance, check with your association to see if they have a master policy, and if so, what it covers.

Standard master policies cover your building’s walls, floors, and ceilings, plus common areas such as lobbies, basements, elevators, and storage buildings.

2. Your own policy – Your townhouse insurance covers those parts of your building not covered your association’s master policy such as your carpets, your appliances, and in some cases your plumbing and electrical systems. It also covers:

* Your personal property – furniture, electronics, computers, clothing, kitchen utensils, linens, sports equipment, tools, jewelry, books, CDs, DVDs, etc. Expensive items such as jewelry, computers, and collectibles may be covered only up to a certain amount, so if you have expensive items check your policy to see if you need to purchase additional coverage for them.

* Your assets. If someone were to hurt himself on your property you could be sued and lose everything you own. If you’re sued, townhouse liability coverage pays for damages awarded to the injured party, plus your legal fees and court costs. Standard policies include $100,000 to $300,000 worth of liability coverage, but you can purchase more if you have a lot of assets you want to protect.

* Your additional living expenses. When your townhouse is damaged and you need temporary living quarters, townhouse insurance pays for your hotel, motel, and restaurant bills, plus other additional expenses.

Cheap Townhouse Insurance

Unless you’ve compared policies lately, you’d be surprised how much premiums can vary from one company to another. The only way to know if you’re getting the best rate is to compare rates from different companies. The simplest and quickest way to do that is to go to an insurance comparison website were you can get rate quotes from multiple companies in one place.

Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get townhouse insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

• ISBN13: 9780071444040
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Product Description
Anyone who wants to turn their real estate practice into a highly successful business must understand the fundamental models that drive the best real estate agents in the industry. In The Millionaire Real Estate Agent these models are revealed and explained. This book represents the culmination of decades of real estate experience, research, and consulting, with case studies from some of the top millionaire agents in the U.S. In this revolutionary handbook youll … More >>

The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be!

In Southern California, especially Orange County property management is an important aspect of investing in real estate. The profitability of your property is dependent on hiring a qualified helpful and professional property management company.

Hiring the wrong management company can mean losing thousand of dollars, or more. Property owners who hire the right OC property management company however, can enjoy the benefits of a lucrative property investment.

Some of the most common, and often, detrimental mistakes a property owner makes is not doing enough research. The more research you do, the more you can avoid hiring a bad management company.

Property management companies that also sell properties, often nation wide corporations like Century 21, etc. are often a bad idea. They usually are primarily real estate agents, who also do property management because they want to manage when you choose the sell the property. A property management company like this is not a good idea because they make more money selling than managing. You would benefit more from a smaller, specialized company that deals only with property management in your area and nothing else. For example, if your property is in Huntington Beach, you should try to find a local expert Orange County property management company that has a much experience in the local area only.

Make sure you check the references of your management company’s other clients. Don’t be afraid to make a few phone calls, and get a good track record. You shouldn’t sign anything before you have a good idea that the company you’re hiring is the best at property management in Orange County and one that you can trust. On the other hand, as an owner, you shouldn’t be too demanding of references either. A good property management company will not release all of their clients’ information to you, because it is private and confidential information. The management company won’t be making an obscene amount of money managing your property, so they can always tell you to take your business elsewhere if you are being too much of a pain. You will do well with around 3 references to talk to, and get an idea of how they work with their clients.

Some other things to keep in mind: Is the company licensed in the state of California? Is the company insured? Do they have a fidelity bond to protect you in case an employee mishandles your money? Will they provide you with reports? Will they market your property? How do they deal with late charges? How do they handle tenant complaints? And so on. These are some tips for making sure you hire a good property management company that will professionally and efficiently manage your property, helping you turn your home/apartment/condo/commercial property into a steady investment.

Disclaimer: This blog or article is for information purpose only, and should not be treated a professional advise or price protection guarantee. This blog is mainly used for search engine optimization and other commercial purposes and it is advised that readers seek professional consultation in the field of interest for more information.

Are you planning on Buying property in Goa??  Then we at Magic Masons feel that congratulations are in order, as, in light of the golbal financial melt down there is no better time to purchase property in Goa than right now.

http://www.magicmasons.com

 For your conveninence we have provided you with all the information you would require to purchase your property with the least amount of stress. “Forewarned is Forearmed”  right?  

We have cateogerized them as follows: 

Reserve Bank of India Rules for Non-Residents Home Finance for NRIs & PIOs Buying Process Typical Payment Schedule for Off-Plan Property Purchase Magic Masons Charges

Further:

 we periodically update/ add, fresh, relevant yet vital information for your benifit. Including how to go about choosing the right representation, i.e. Real estae agency, Legal Counsel, etc. And how to avoid clandestine agencies or operators from turning your dream into a night mare. 

Rules Governing Property Purchase in Goa by Non-Residents Rules pertaining to purchase and ownership of immovable property in India are governed by the Reserve Bank of India. A summary of the current prevailing laws are enumerated below. to view full details on Reserve Bank of India’s official website. Rules for NRIs (Non Resident Indians) and PIOs (Persons of Indian Origin):

 ·    An NRI is defined as a person residing outside India who is a citizen of India.

A PIO is defined as a person who has at any time held an Indian passport, or whose father or grandfather has been a citizen of India. NRIs & PIOs are permitted to purchase any number of residential/commercial properties in India. No special permission or filing of documents is required with the RBI. Under the general RBI permission available to NRIs & PIOs, funds must be remitted to India through normal banking channel or funds held in his NRE / FCNR (B) / NRO account. No consideration should be paid outside India. The NRI / PIO may repatriate the sale proceeds of immovable property in India acquired by way of inward remittance through normal banking channels or by debit to NRE /FCNR (B) account. The amount to be repatriated should not exceed the amount paid for acquisition of the immovable property. Repatriation of sale proceeds of residential property purchased by NRI / PIO out of foreign exchange is restricted to not more than two such properties. Capital gains, if any, may be credited to the NRO account from where the NRI/PIO may repatriate an amount up to USD one million per financial year subject to tax compliance. (Please refer the RBI Website for full details) 

Rules for Foreign Nationals of Non-Indian Origin: 

Foreign Nationals are permitted to lease property in India for a period of up to 5 years without the need for any special permission from the Reserve Bank of India. Foreign companies who have been permitted to open an office in India are also allowed to acquire any immovable property in India, which is necessary for or incidental to carrying on such activity. This stipulation is not available to entities which are permitted to open liaison offices in India. Though RBI rules allow a foreign national who is a Resident of India (i.e. one who has completed more than 182 days stay in India in the previous financial year) to buy property, the rule also states that “… the person concerned would have to obtain the approvals, and fulfill the requirements if any, prescribed by other authorities, such as the concerned State Government”. (Please Note: We DO NOT advise foreign nationals to attempt to purchase property in Goa via this route at the moment.) (Please refer the RBI Website for full details) 

Home Finance for NRIs & PIOs All major banks in India provide Home Finance for NRIs and PIOs. Check the details below for an overview of home financing options available from ICICI Bank. Majority of properties on Magic Masons Marketing Services are already pre-approved for Home Loans by reputed banks.

 Purpose of Loan: Loans are offered for purchase, construction, extension or renovation of a new house or apartment. 

Tenure of Loan: 

For Salaried persons – Up to 15 yrs. For Self-employed persons – Up to 10 yrs.

 Maximum Loan Eligibility: 85% of the total cost of the property 

Documents Required: Click here if you reside in the USA

Click here if you reside in UK

Click here if you reside in UAE

Click here if you reside in Other Countries 

Tools: Loan Amount Eligibility Calculator 

EMI Calculator (Floating Rate)

EMI Calculator (Fixed Rate) 

Buying Process Once you decide to buy a particular property, the following typical process is recommended. However, please note that this process may differ slightly from Developer to Developer, depending on the property selected. 

On receipt of your enquiry we will check back with the owners/developers to re-confirm availability of the property and revert to you.

Though the properties on our site are of reputed owners/developers, purely as a matter of ‘Due Diligence’ we recommend that a legal scrutiny be done by a local Goa lawyer appointed by you. (Magic Masons provides complete assistance for this, making it hassle free for you. See MM Services. In cases where the project has already been legally checked and pre-approved by Banks, this step is optional.

Once the Lawyer completes the scrutiny (usually a period of 4-5 days) and gives his approval, you decide whether you/your representative wants to make a site visit/meet the owner/developer. If so, Magic Masons makes all the arrangements for this. (If you are not visiting personally but sending a representative, you need to give us a letter of authorization for your representative).

Once you decide to purchase the property a Booking/Token Amount is to be paid by you to the Seller/Developer to confirm your intent to buy the property. An official receipt for the same is issued to you by the Seller/Developer as acknowledgment of your payment and that the property has been reserved for you.

Magic Masons Sourcing & Coordination Fees of 2% + Govt. Service Tax is also to be paid by you at this time.

The next step is to sign the ‘Agreement of Sale’ (for properties under construction). If a property is ready for possession, this is not required and one can directly sign the final ‘Sale Deed’ against payment of the balance amount due for purchase of the property. Sale Deeds must be registered with the Registrars office.

At the time of signing the ‘Agreement of Sale’ most Developers require you to pay up the value of all installments that as per their Payment Schedule (linked to progress of construction) fell due for payment up to the current stage of completion of construction. Once signed, the ‘Agreement of Sale’ should to be registered with the concerned authorities. Subsequent payments are to be made in installments as per the developer’s payment schedule for the remaining part of the construction. The ‘Sale Deed’ is signed once construction is completed and you can take possession of your property.

Stamp Duty & Registration charges for properties in Goa is currently at 4%. Usually 50% of this is paid at time of signing the ‘Agreement of Sale’ and the balance at the time of signing the ‘Sale Deed’.

It is best to be personally present in Goa for signing the ‘Agreement of Sale’ and ‘Sale Deed’ and registration of these legal documents. However if this is absolutely not Possible, you may appoint a ‘Power of Attorney’ to sign and register the documents on your behalf.

 Typical Payment Schedule (for Under-Construction Properties) Following is the typical schedule of payment asked for by developers in Goa for properties under construction. This is only a representative sample and details may vary from developer to developer and type of property. Typical Schedule of Payment: 

40% – Down Payment to sign ‘Agreement of Sale’. For completion of plinth and work up to 1st slab level. 20% – For completion of 1st slab, and advance for primary masonry and 2nd slab work. 20% – On completion of 2nd slab and masonry, and advance for plastering, wiring, plumbing. 15% – On completion of plastering, wiring, plumbing, and advance for tiling and finishing. 5% -   On Final completion and signing of ‘Sale Deed’.

 Stamp Duty & Registration Charges: Government Stamp Duty and Registration Charges are payable on all property transactions and these are borne by the Buyer. The prevailing rate for Stamp Duty and Registration Fee for purchase of properties in Goa is 4% of the property value.

Central San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes

As of this writing, the San Diego real estate markets appears to have shifted from one that favors sellers to one that favors buyers. However, this premise may not hold true for all communities within San Diego, as median prices for some communities continue to rise while others fall.

While there are many metrics to evaluate the real estate pricing trends of a community, one commonly used parameter is to evaluate the median price of homes from one point in time against a prior point of time. The median price reflects the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The median price metric provides one method to analyze the direction of home prices, but should not be used as the sole source of data from which to form conclusions.

The data below is a comparison of median prices for various communities in central San Diego County, comparing data from June 2005 against data for June 2006. This information is only one metric at a particular point in time, and other metrics or data from future months may support or dispute the pricing trends noted below. For some of the San Diego communities presented below, very few homes sold during June 2006, which diminishes the usefulness of the median price metric.

COMMUNITIES WITH INCREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Coronado real estate market, the median price was $1,775,000, which represents a 14.7% increase from the same time last year. Approximately 15 homes sold in June 2006 (21 homes sold in June 2005).

For the Point Loma real estate market, the median price was $1,024,068, which represents an 11.4% increase from the same time last year. Approximately 20 homes sold in June 2006 (14 homes sold in June 2005).

For the University City (UTC) real estate market, the median price was $780,000, which represents a 10.6% increase from the same time last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005).

For the La Jolla real estate market, the median price was $1,692,500, which represents a 10.3% increase from the same time last year. Approximately 28 homes sold in June 2006 (38 homes sold in June 2005).

For the Logan Heights real estate market, the median price was $425,000, which represents a 7.6% increase from the same time last year. Approximately 13 homes sold in June 2006 (14 homes sold in June 2005).

For the Paradise Hills real estate market, the median price was $507,500, which represents a 5.7% increase from the same time last year. Approximately 8 homes sold in June 2006 (16 homes sold in June 2005).

For the Mission Hills real estate market, the median price was $927,500, which represents a 3.1% increase from the same time last year. Approximately 11 homes sold in June 2006 (12 homes sold in June 2005).

For the Scripps Ranch (Scripps Miramar) real estate market, the median price was $759,250, which represents a 2.8% increase from the same time last year. Approximately 34 homes sold this month (43 homes sold in June 2005).

For the San Carlos real estate market, the median price was $563,000, which represents a 2.4% increase from the same time last year. Approximately 12 homes sold in June 2006 (16 homes sold in June 2005).

For the Del Cerro real estate market, the median price was $557,500, which represents a 2.1% increase from the same time last year. Approximately 13 homes sold in June 2006 (30 homes sold in June 2005).

For the Normal Heights real estate market, the median price was $676,250, which represents a 1.7% increase from the same time last year. Approximately 20 homes sold in June 2006 (19 homes sold in June 2005).

COMMUNITIES WITH DECREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Old Town real estate market, the median price was $580,000, which was a 19.1% decline from the same time last year. Approximately 5 homes sold in June 2006 (14 homes sold in June 2005).

For the Golden Hill real estate market, the median price was $451,000, which was a 16.4% decline from the same time last year. Approximately 10 homes sold in June 2006 (13 homes sold in June 2005).

For the Pacific Beach real estate market, the median price was $851,960, which represents a 14.8% decline from the same time last year. Approximately 15 homes sold in June 2006 (19 homes sold in June 2005).

For the Tierrasanta real estate market, the median price was $570,000, which represents a 12.6% decline from the same time last year. Approximately 9 homes sold in June 2006 (17 homes sold in June 2005).

For the North Park real estate market, the median price was $560,000, which represents a 9.7% decline from the same time last year. Approximately 31 homes sold in June 2006 (16 homes sold in June 2005).

For the College Grove real estate market, the median price was $475,000, which represents a 5.9% decline from the same time last year. Approximately 38 homes sold in June 2006 (40 homes sold in June 2005).

For the City Heights real estate market, the median price was $390,00, which represents a 5.3% decline from the same time last year. Approximately 17 homes sold in June 2006 (30 homes sold in June 2005).

For the Mira Mesa real estate market, the median price was $510,000, which represents a 4.7% decline from the same time last year. Approximately 45 homes sold in June 2006 (47 homes sold in June 2005).

For the Linda Vista real estate market, the median price was $510,000, which represents a 4.2% decline from the same time last year. Approximately 16 homes sold in June 2006 (17 homes sold in June 2005).

For the Mission Valley real estate market, the median price was $510,000, which represents a 3.8% decline from the same time last year. Approximately 7 homes sold in June 2006 (18 homes sold in June 2005).

For the Encanto real estate market, the median price was $435,000, which represents a 3.3% decline from the same time last year. Approximately 36 homes sold in June 2006 (47 homes sold in June 2005).

For the Clairemont real estate market, the median price was $555,000, which represents a 2.6% decline from the same time last year. Approximately 30 homes sold in June 2006 (34 homes sold in June 2005).

For the Sorrento Valley real estate market, the median price was $861,000, which represents a 1% decline from the same time last year. Approximately 6 homes sold in June 2006 (5 homes sold in June 2005).

ADVISORY

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time, and is not conclusive of the pricing trends for any community. For some communities presented above, very few homes were sold during June 2006, which makes the use of the median price metric of limited value. The data must be evaluated over a longer duration, and involve multiple metrics to fully understand enduring market trends. Contact your Realtor to obtain information about enduring market trends for any given community.

Goa Property Finder! View 100s of Goa properties before you buy …

Goa Property Finder. Search Goa Property with this Goa property finder. View 100s of Goa Properties before buying Goa property or Goa realestate in Goa.

Goa has many popular well established neighborhoods but it is a matter of your preference.

If you are buying a property in Goa to rent it out, you should ask yourself where you would like to live and rent a property in Goa.

If you are targetting to renting out your new property to the expatriate community in Goa, you should investigate to purchase a Goa property in exclusive neighborhoods.

If you are considering buying a house or condo in Goa, to sell it at a later time for a profit, you should ask yourself which locations in Goa still has affordable real-estate properties with the potential of strong growth. New townships in Goa could be a potential target for the purchase of a property.

When you purchase a house or villa in Goa, you are buying the land and as well the property that was build on the land. Of course the property in Goa will deteriorate with the years but the land the property was build on maybe worth much more, then its original value, so the more land you get when you buy a house or villa in Goa, the more it will be worth in the future. Land in Goa will always have value.

Before you buy a property in Goa, it is important that you understand the basics between a Freehold or Leasehold property in Goa.

It is important that you check out the immediate surroundings where you plan to buy a real-estate property in Goa and you should be cautious of anything near by your Goa property. You should not purchase a property near by of main roads, high tension cables, Electricity substations and as well large water drains in Goa.

If you have contacts into the construction or real estate industry, you could have an advantage if they can let you know of future developments of real-estate projects in Goa, before the general public will be aware of those new real-estate development projects in Goa.

Most buyers of properties in Goa compare prices when they shop around for a new property. You should look through Goa real-estate classifieds ads in local newspapers or search online for real-estate developers in Goa so you have a strong knowledge of the prices for the real-estate properties in Goa.

You should ask yourself the following question before you buy a property in Goa.

Is the property in Goa, leasehold or freehold and if the Goa property is a leasehold property, how much years does the property in Goa has left? How is the neighborhood of your Goa property? Are shops nearby your Goa property Has any work been done on the Goa property since the old owners moved in? Is the Interior or Exterior of the Goa property in good condition? How much you have to invest in additional work for your Goa property Will you be able to obtain a mortgage loan from a local bank in Goa?

If you are not under a time constraints, you should look as many properties in Goa as you can handle. You should visit show units from real-estate developers in Goa or if it is a property in the resale-market, visit that property as often as you can and draw up a list of pros and cons of the Goa property. If you have the time, under no circumstances should you rush in to buying a property in Goa.

You should not only look for a bungalow, semi detached house, or a condominium/apartment or residential land in Goa, but as well for a mortgage loan with a Bank or Financial Institution in Goa.

To know more visit:

http://www.magicmasons.com/

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The information, products, software and services included in or available through the http://groups.yahoo.com/group/magicmasons site/services owned and managed by “Goa Realty”, a Unit of “Magic Masons Marketing Services”, may include inaccuracies, discrepancies and/or errors. THE CONTENT ON http://groups.yahoo.com/group/magicmasons IS PROVIDED “AS IS” AND ON AN “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND, EITHER EXPRESSED OR IMPLIED.
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Product Description
Safe Guard Your Work From Potential Thieves And Annihilate Anyone In Court If They Mess With Your Property!
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Intellectual Property Guide: Safe Guard Your Work From Potential Thieves

The photography which is done on Real Estate Development Company is known as real estate photography. The concept is very much popular in European and western countries/ companies. Because according to the real estate photography the market has to be established! Real estate photography is done in different ways such as in close-ups. The real which is to be marketed has to be identified first. The product is then suited by professional photographer from different angles from which the product is most likely to be a sellable hotcake. Since the real estate is govern by the products which are only shown in hypothetical manner, the real estate has to be marketed accordingly. Since, the real estate is depends upon the projected outcomes, is covered by the photography part. So, a photographer must be analyzer in nature!

The photographer must know what the product will be after its completion of project. So, the photograph and actual product should match. Real estate photography makes a difference that good photos can make in the process of house for sale.

Importance of real estate photography

Digital presentation of real estate photographs is the key to good seller in the property market. In the present property marketplace, real estate photography became the essential tool of property firms! Digital photos are becoming popular and can be readily available in the market. Digital photos make real estate photography more natural and practical. If you want to search real estate photography for your property business, then you can find many online real estate photography professional websites online. By just surfing the internet you can gather some real estate photography tips and hints. For a professional real estate agent, it is must to take well-composed and exposed real estate photographs. By trying true methods of real estate photography you can produce real estate photos without the need of buying expensive tools.

Good online companies offer stunning real estate photography for both interactive and print use as well as three hundred sixty degree Panoramic virtual tour images, video production, multimedia presentations and image management. It is an important for you those great photographic images for marketing your position. Blur photos of real estates are never acceptable. To take better images of your real estates you should choose real estate photography. Over the past few years there are dramatic changes happened with introduction of digital camera has brought to the Real Estate photography industry. With such latest technology, a real estate photography transfer images to a web page on the internet, and flyers printed all within minutes. Nowadays, listings are quickly available to other real estate firms and purchasers worldwide who have access to a computer.

Peter Schiff video blog Oct 27th 2009 Also check me out on www.facebook.com and twitter.com

Can I see the Title Deeds? What will be my undivided share in the property? Are you building within the permissible FSI? Will you give me an Allotment Letter? Will you give me a comprehensive Agreement of Construction? Can I have a copy of PDA’s approved plan and planning permit, before commencement of construction? What are your commitments after you complete and deliver the flat?

1. Can I see the Title Deeds?

1. In order to own a flat that is yet to be constructed. You will have to first buy an undivided share in the property on which the flat is going to be built. Before buying this, you must make sure that the title deeds of the property are in order. The title deeds are the set of documents that would unequivocally establish the seller’s ownership of the property and his right to sell it.

2. Therefore get a written opinion on the title from the Builder’s advocate along with photocopies of the title deeds. Certified by an advocate. If this is not available, get an opinion from your own advocate. You must also see the Agreement of Sale between the Owner and the Builder.

3. The manner by which the Owner acquired the property decides the key documents that must be seen:
A. Property was purchased by the Owner:
See the Registered Deed by which he purchased it.
B. Property came to them by a will (i.e. Bequest):
This is known as Testamentary Succession. See the Probated Will. If no Executor / Executrix has been appointed, see the letters of Administration granted by District / High Court according to law.
C. Property devolved through succession:
If the earlier Owner died without leaving a Will, the legal heirs and successors obtain a Deed of Succession issued by the Sub-Registrar or an Inventry of the assets from the District Court, which must be seen (obtain a noterised copy).
D. Property developed through a Gift / Partition / Settlement / Exchange:
The Deed relating to such transfer of Title – Gift Deed / Settlement Deed / Deed of Relenquishment / Exchange Deed – must be seen.

4. The other ancillary / supporting documents that must be seen are :
A. Form I&IV in the name of the Owners, issued under the Seal of the Mamlatdar.
B. Nil-Encumbrance Certificate (EC) for the preceding 31 years, preferably showing no mortgage or other encumbrance that are still existing on the date of purchase. Exercise caution if an uncleared mortgage or other lien on the property is shown in the Encumbrance Certificate.
C. The property being sold must be free of restrictions for sale under the Urban Land Ceiling Act (U.L.C. Act). If a Clearance Certificate for the Property issued by the U.L.C. Authorities is not available, then it has to be ensured that with reference to the land held by the Owner(s), and the nature of their family membership, the built-up area of the construction thereon and the appurtenant / contiguous land around the built-up area fall within the ceiling of Ownership and therefore can be freely said.

5. If the property is not being transferred by the Owner(s) directly but through an Agent, acting as Power of Attorney Agent (POA) of such owner(s), ask for the original or attested copy and scrutinise it. Such a Power can be given either through a Notarised Document or Registered Document. However, a notarised power may not be accepted for property transfer by all governmental/financial agencies.

6. Besides the above, it is advisable to check the following:
A. Property Tax Demand Notices and Receipts for payments to the Corporation.
B. Water and Sewerage Tax Demand Notices and Receipts for Payments to the Panchayat or Municipal Authority.
C. Electricity Bill and Receipts for Security Deposits and Additional Deposits. The latest electricity bill is the best source of proof for payment of dues by the Owners to the Panchayat or Municipality.

2. What will be my undivided share in the property?

Your Undivided Share of land must be equal to:
The built-up area of your flat as in the approved plan/ Total built-up area of the project as in the approved plan This is usually expressed as a percentage of the total land. Therefore, the percentage undivided shares of land of all the flat owners in a complex must be equal to 100. This ensures that the title to the entire land as well as the entire building rests with the group of flat-owners of the complex.
The Sale Deed transferring the Undivided Share in your favour must be duly registered before the commencement of construction of the flat.

3. Are you building within the permissible FSI?

1. The Floor Space Index (FSI) is an important parameter you should know about.

F S I = Total buildt-up area of your complex plan/Total area of the plot on which it is to be built.

2. The permissible FSI for all residential complexes other than multistoreyed buildings in all the end-use zones listed below is 1.5: Primary Residential, Mixed Residential, Institutional and Commercial zones

3. The total construction as declared in the plans of- fered by the promoter should not exceed the FSI permissible.

4. This FSI is fixed by the Planing and Development Authority (PDA) which is the regulatory body governing architectural, structural and environmental parameters pertaining to development within the State of Goa.

5. The rules and regulations governing the above parameters are spelt out in the Development Control Rules (DCR), a copy of which can be purchased from the PDA.

If the permissible FSI is exceeded, you as a flat-owner run the risk of demolition of the construction.

4. Will you give me an Allotment Letter?

Insist on an Allotment Letter at the time of booking, which must clearly indicate:
>> All-inclusive firm and fixed price (clearly indicating the various components such as land cost, registration and stamp duty for the transfer of undivided share of the property, and construction cost) and the schedule of payments.
>> Plan of the flat (as per sketch scheme), built-up-area and the features offered.
>> Committed commencement and delivery period and commitment for liquidated damages for any delay.
>> Post-delivery product warranty by the builder.
If your builder does not provide you with an Allotment Letter, you face the uncertainty of not knowing
>> The exact amount you will end up paying for your flat.
>> When you will get possession of your flat.
>> Whether you will get all the features promised.

5. Will you give me a comprehensive Agreement of Construction?

1. The Agreement of Construction substantiates the commitments relating to land cost (your share), stamp duty and registration fee, construction cost, schedule of payment, list of features, time of delivery, post- delivery warranty etc.
2. If defines the responsibilities and obligations of both the Contractor (or Builder) and the Contractee (or Buyer) and is normally put down on a Rs.10.00 stamp paper and signed by the Builder and the Buyer in the presence of witnesses.
3. The Agreement of Construction is the only source of your title to the flat, read in conjunction with the Property Tax Assessment and Demand Bill in your name. Since it is the document of ownership, funding agencies would demand it, when you apply to them for a loan.

6. Can I have a copy of PDA’s approved plan and planning permit, before commencement of construction?

1. The plan given to you at the time of booking may not be fully conforming to the Development Control Rules and the plan actually approved by the PDA may consequently be different. Therefore insist that you are given a copy of the approved plan and the planning permit before the construction of the complex commences. Check whether the area of your flat in the approved plan is as per the allotment letter.

2. If you have a copy of the approved plan and the planning permit, you can monitor the actual construction and ensure that it is as per the approved plan. If the building is not constructed as per the approved plan, you as a flat-owner, could face the threat of its demolition.

7. What are your commitments after you complete and deliver the flat?

1. Ensure that the builder gives you the Completion Certificate issued by the PDA, which confirms that the construction is as per the approved plan.

2. Ensure that the builder gives the Association of Flat Owners (of which you would be a member) with a set of detailed drawings covering structural, plumbing, electrical wiring, drainage and water supply details.

3. Ensure that the builder commits to rectify defects in your flat and the complex in materials or workmanship.

4. The Completion Certificate confirms the adherence of the completed complex including your flat to PDA’s approved plan, and eliminates all chances of demolition of the construction.

5. In the obsence of the drawings, maintenance of your flat (and the building) will be difficult.

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Abatement notice:
A notice served on the owner(s) or occupier(s) of a property from which a private nuisance arises, warning them of the intention to enter on the land in order to abate the nuisance.
Absolute title:
1. The right of ownership of a mortgage deed, which gives the right, in certain specified circumstances, to demand repayment in full, of the outstanding debt than the due date.
2. A clause in a deed or contract, which provides for the early termination of an exciting interest in land, in certain specified circumstances, thereby advancing the future interest.
Agreement for lease/sale:
A contract to enter into a lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom action is taken for the breach of the alleged contract and there must be a sufficient act of part performance.
Alternative user value:
The value of land and buildings, which reflects a prospective use, which is different from that of the current use.
Amortisation:
1. (UK) The concept of writing off the capital cost of a wasting physical asset by means of a sinking fund.
2. (USA) Payment of a debt in equal installments of principal interest, as opposed to interest -only payments. Anchor tenant: One or more department or variety chainstores, or supermarkets, introduced into a shopping center in key positions to attract the shopping public into the center for the purpose of encouraging other retailers to lease shops n route. The larger the developments the more anchors required.
Annuity:
A sum of money paid each year during the life of the recipient. An annuity is usually paid as a legal obligation under a contract or undertaking, as through a pension scheme, and may be paid in installments more frequently than once every twelve months.
Asset valuation in the property market:
This expression is applied to the valuation if land and buildings or plant and machinery. The term is often used to describe an expert opinion of the worth of a property, which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the company takeovers, share flotation or mortgages.
Assignment:
The transfer of a property interest, especially a lease, from one party to another.
Atrium:
An entrance hall of a building, often rising through a number of storeys and containing lifts, reception areas and plants. Originally the hall or chief apartment of a Roman house.

B

Balloon payment:
A repayment of a loan bond, usually but not necessarily the final repayment, which is larger in amount than other installments.
Bare shell :
This Depicts the condition of any property after completion of construction activity and installations of basic building services. A bare shell includes basic flooring – tiled, mosaic, cement or granite and plastered walls. Apart from this, pantry and toilet facilities may also be operational in such condition.
Basic rent:
A monthly rental net of maintenance and interest costs charged or quoted by landlords for any property. The base rent comprises of only the payment made for Usage of the subject property under a lease agreement. Imputed costs such as holding costs fit out costs and building service charges are not usually included in the base rent.
Bayana:
An Indian term used to denote the token money given to the landlord to informally freeze negotiations on a particular property, after the initial terms and conditions have been formalised.
Breach of contract:
An act, or omission, contrary to enforce specific performance to rescind the contract and / or to claim damages, the remedy available depending upon the nature of the breach.
Broker/dealer:
A person or company who acts as a medium of bringing owners and proposed buyers together with a view to complete a real estate transaction.
Brokerage:
1. Commission paid to a broker.
2. The activity of a broker in bringing together two parties in a transaction.
Building byelaws:
Local authority control of building standards promulgated to regulate and control the usage of land, property and areas in cities and towns.
Building contract:
A contract between an owner or occupier of land and a building contractor, setting forth the terms under which construction is to be carried out, basis of remuneration, time scale, and penalties, if any, for failure to comply with terms of the contract.
Business center:
Commercial premises usable by the occupiers for a short period on a membership basis of the center. Usually, a business center charges for the full service accommodation, which is generally substantially higher than the rental of a standard office space, and higher than the rental of a standard office space, and usually includes cost of HVAC, housekeeping, electricity, and security systems.
Business park:
A landscaped area containing high tech, other amenities for business purposes, as a distinct from high-tech park or a science park. Building density is lower than would be usual in a traditional industrial estate. Business parks are preferentially located where motorway, rail and airport communications are within a short distance.
Buy-out rate:
In a funding agreement between a developer and a prospective purchaser, the pre-determined investment yield which will be used to capitalize the annual income receivable at the time of sale to determine the buy out price.

C

Capitalisation:
1. At a given date the conversion into the equivalent capital worth of a series of net receipts, actual or estimated, over a period.
2. A method of calculating a final purchase price for a development using an agreed formula to convert actual, or assumed, income from initial lettings into a capitalism. Such capitalised sums may be offset against a purchasing fund’s interim finance payments, any excess being paid to the developer.
3. In relation to a company’s reserves, the conversion into capital of money, which is then distributed as a capitalisation issue.
Catchment area:
1. The area of land from which finds its way into a particular watercourse, lake or reservoir.
2. By analogy, the area which contains those people who can be expected to obtain goods, services, employment or other benefits from a particularly property. More especially related to retail premises, where the success of forecasting depends on the accuracy of estimating the number of purchasers (catchment population) likely to be attracted from the different parts of the area and the average expenditure, which might be expected, from them.
Central business district:
The functional center around which the rest of a city is comparison shopping, office accommodation, leisure facilities, buildings for recreational use, public museums, art galleries and governmental functions. Generally the area of highest land values within a city.
Clearance area:
An area, which is to be cleared of all buildings. Generally promulgated by way of a government declaration, which is normally followed by the acquisition of the land and the clearance of the area. Completion certificate/statement:
1. (UK) statement prepared by solicitors, usually those acting for a purchaser and a vendor respectively, following the conveyance of an interest in property, giving a schedule of sums received leading to a balance being the final amount due to the vendor. In some case the statement is prepared at a later date and may show a figure recoverable by the purchaser from the vendor.
2. A certificate issued by the local development authority certifying that all necessary works have been completed and that the property is fit for occupation.
Condominium (USA):
A building or a structure of two or more units, the interior space of the individually owned and the balance of the property (both land and building) being owned in common by the owners of the individual units.
Conveyance:
A document transferring title to land from one person to another.
Current yield:
The remunerative rate of interest, which is, or would be, an appropriate at the date of valuation, assuming the property to be let at its full rental value. It will be the same as the reversion yield where the reversion is to full rental value, and the same as the term yield where the rent receivable under the lease is full rental value.

D

Developer:
An entrepreneur who has an interest in a property, initiates its development and ensures, that this is carried out (for occupation, investment or dealing) and from the outset accepts the responsibility for providing or procures the requisite funds needed to finance the whole project.
Development control:
The powers of a local planning authority to control the development and use of land, which includes inter alia,
a) the refusal or grant (with or without conditions ) of planning permission;
b) the issue of enforcement notices;
c) the making of revocation, modification or discontinuance orders;
d) the grant or refusal of listed building consents;
e) the designations of conversion areas;
Development yield:
In a valuation to ascertain a ground rent, the rate at which costs are decapitalised to find the annual deduction from the occupation rents; it comprises:
a) an investment yield
b) an annual allowance for developers risk and profit and, in some instances
c) an annual sinking fund element
Discounted cash flow analysis:
Techniques used in investment and development appraisal whereby future inflows and outflows of cash associated with a particular project are expressed in present -day terms by discounting. The most widely used forms of DCF are the internal rate of return (IRR) and net present value (NPV). The techniques may be used for such purposes as the valuation of land and investment, the ranking of projects or their components.

E

Easement (UK):
A right appurtenant to a parcel of land entitling a dominant owner to use the land of the servient owner in a particular manner, or constraining the legal rights otherwise enjoyed by the servient owner, e.g. A right of way, right to light, right to support. Strictly speaking, easements cannot exist “in gross”, i.e. personal and unattached to the ownership of land, but rights similar to easements can be created by statute, usually for the benefit of public utility undertakings, and these are commonly referred to as “statutory easements”.
Effective rent:
The gross rent payable per month by the occupiers which includes the base rent, maintenance charges, imputed costs of loss of interest on security deposit and rental advance. The effective rent indicates the total cash outflow of an occupier every month on account of leasing any property.
Equity linked mortgage:
A mortgage whereby the interest on the principal in part or in whole is calculated, usually yearly, by reference on the security, e.g. It may reflect annual increase or possible decreases, in the annual return on, or the value of, the property in which the mortgage is secured.
Escalation clause specified in lease agreements wherein renewals of lease period are built in:
It involves an increment in the base rent at every renewal of a lease agreement in the base rent at every renewal of a lease agreement and is generally a percentage rate that is either pre agreed or negotiated before the renewal of the lease agreement.

F

Facilities management:
The coordination of many specialist disciplines to create the optimum working environment for staff.
Fail rent:
The rent determined by a rent officer (or, on appeal, by a rent assessment committee) under a regulated tenancy and registered.
FERA:
An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act ( FERA) of 1973, It is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.
Fire certificate:
A certificate covering matters of safety required under the legislation for hotels, boarding houses, factories, offices shops and railway premises, excluding those buildings containing less than a minimum number of employees. In order to obtain a fire certificate, one must apply to a fire certificate, one must apply to a fire officer, who then inspects the building and issues a list of requirements (e.g. Fire doors). Once the fire officer is satisfied that those requirements have been met he will issue the fire certificate. It enables fire officers, in the event of an emergency, to have prior knowledge inter alia of the permitted number of people on each floor; it also informs officials if any authorised inflammables /explosives materials on the premises.
Fitouts:
Relate to the interior permanent furnishings required in a property including HVAC ducting, fire protection system implementation, establishment of workstations and telephone/computer cabling among other, in order to make the property fit for usage.
Flatted factory:
An industrial building of more than one storey, usually with two or more goods lifts, and constructed or converted for multiple occupation. The building is subdivided into small, separately occupied units, which are used for manufacturing, assembly and associated storage.
Force majeure:
A force, which cannot be resisted, in other words, something beyond the control of the parties involved. It includes acts of God and acts of man, e.g. Riots, strikes, arson. In many contracts and insurance policies, specific provision is made for damage or injury arising from force majeure. For example, the financial liability of a building contractor for failure to complete by a specific date may be relieved to the extent it was caused be force majeure. This is a common clause in most property contracts.
Foreclosure:
1. (UK) The mortgagees restricted power to extinguish the mortgagor’s right of redemption by transferring the mortgagor’s interest in the property to himself, if the mortgagors defaults in paying his dues or in complying with any other terms of the mortgage deeds.
2. (USA) The legal process by which a mortgagee can sell the mortgagors interest in the property to satisfy debt: also called “foreclosure sale”. Also applied to the extinguishment of a mortgagors right of redemption. Freehold:
In general parlance this is used as shorthand for the tenure of an estate in fee simple absolute in possession. Strictly speaking, however, freehold includes fee simple, entailed interests and tenancies for life. Frontage (line): The full length of a plot of land or a building measured alongside the road on to which the plot or building fronts. In the case of contiguous buildings individual frontages are usually measured to the middle of any party wall.

G

Greased:
Lease back The disposal by a freehold or leasehold owner of his interest on a property or leasehold interest where the rent payable is geared to a fixed percentage of some variables, often rack-rental value.
Gold cause (UK):
A clause in a lease, which provides for the rent to be reviewed by reference to the price of gold.
Green field site:
An area of land, usually in the edge of a town or city or away from substantial urban areas, hitherto undeveloped but for which development is now proposed.
Gross External Area (GEA):
The aggregate superficial area of a building taking each floor into account. As described in the RICS/ISVA Code of Measuring Practice (UK), this includes: external walls and projections, internal walls and partitions; columns; piers, chimney-breasts, stairwells, and lift wells; tank and plant rooms, fuel stores whether or not above main roof level and open-sided covered areas and enclosed car-parking areas, terraces etc.

H

Hi-tech building (high technology building):
Primarily a modern industrial building which is particularly suited to the flexible uses and space needs of business organisations engaged in modern technologies. Such activities usually require more office or laboratory space than a traditional factory and also more sophisticated and adaptable installations for services and communications.
High point loading:
A concentration of abnormally heavy floor loading at one point or more particular places in a building or other structure where extra support may be required.
HVAC:
Refers to the heating, ventilation, and air conditioning system installed in a building to regulate temperature. This includes air conditioning plants, chillers and ducting systems, which ensure the uniform transfer of the cold or hot air, as the case may be throughout the building.

I

Indian Stamp Act, 1899:
A legal statute, which provides for the payment of stamp duty in case of all real estate transactions to duty to the local government. The value of the stamp duty depends on the rental payable and the lease term or the sale value as the case may be. This duty is paid by purchasing non-judicial Indian Stamp Paper, on which the lease/sale agreements are documented.
Improvements:
Generally, physical changes which enhance the capital value of land or buildings. These may include additional buildings, extensions to existing buildings, installation of new services, e.g. Central heating and air conditioning and infrastructure works. On the other hand, mere replacement by a modern equivalent if something worn out would normally be regarded as a repair rather than an improvement. The distinction has legal and taxation consequences.
Indenture:
A deed between two or more parties, each party having his own copy. Originally copies were all included in a single document from which each was torn or cut along a wavy (intended) line. Institutional investors: These are generally taken to include banks, pension funds, insurance companies, unit trusts and investment trusts, which are together commonly referred to in the investment field as the “institutions”. Investment yield: The annual percentage return which is considered to be for a specific valuation in an investment being expressed as the ratio of annual net income (actual or estimated) to the capital value. It is therefore a measure of an investor’s opinion about the prospects and risks attached to that investment. The better the prospects and lower the risks, the lower the expected yield and thus the greater the capital value. The required yield from an investment is estimated in the light of such factors as:
a) the security in real terms of the capital invested;
b) the security in real terms and regularity of income;
c) the ability to adjust the income to reflect market conditions;
d) the complexity and cost of management;
e) the ease and likely cost of realizing the capital;
f) the tax position
Internal rate of return (IRR):
1. The rate of interest (expressed as a percentage) at which all-future cash flows (positive and negative) must be discounted in order that the net present value of those cash flows should be equal to zero. It is found by trial and error by applying present values at different rates of interest in turn to the net cash flow. It is something called the discounted cash flow rate of return.
2. An alternative explanation might be: the highest rate of interest (expressed as a percentage) at which funded f cash flow generated is to be sufficient to repay the original outlay at the end of the project life.

J

Joint agent:
One or two or more agents jointly instructed by a principal to act on his behalf. In the case of estate agents this is normally on the basis that if any one of the agents effect the sale, letting or other joint agent(s) will share the remuneration in agreed proportions. None of these agents would be entitled to a commission if the transaction is concluded as a result of someone else’s introduction.
Joint sole agent:
One of two or more agents jointly instructed as the only agents entitled to represent the principal. It is customary for the joint agents to share any commission earned on an agreed basis, irrespective of which agent effects the sale or letting.

K

Kiosk:
A small enclosed retailed outlet, normally without toilet facilities and in the retail area, frequently located in a public concourse or other place where it may remain open place where it may remain open only during peak times and be closed securely when there are no customers. Kiosks are now sometimes included in managed shopping schemes.

L

Land assembly:
The process of forming a single site from a number of land, usually for eventual development or redevelopment. This will include acquisition of individual interest the eventual development or redevelopment. This will include acquisition of the individual interests, removal or discharge of any restrictive covenants or other encumbrances and obtaining physical possession, when required, from occupiers.
Landlord:
The owner of an interest in land who, in consideration of a rent or other payment (e.g. A premium), grants the right to exclusive possession of the whole or part of their land to another person for a specific or determinable period by way of a lease or tenancy.
Lease agreement:
An agreement, usually written, between the lessor and the lessee, which allows for the conveyance of property to the tenant under a contract, and confers usage and control rights to the tenant for the duration of lease. Apart from financial terms and conditions, several clauses describing the other binding terms and conditions of the agreement are also documented.
License:
The lawful grant of a right to do something, which would otherwise be illegal or wrongful. It may be gratuitous, contractual or coupled with an interest in land. The grantor of license is the licensor and the grantee is the licensee. A gratuitous (“Mere” or “bare”) license can always be revoked (i.e.. Cancelled), but revocability of a contractual license depends on the terms of the contract. A license coupled with an interest in land may be irrevocable and unlike the other two categories, may be binding on successors in title of the licensor. One example of license is permission, usually required in writing, given specifically by an owner to a tenant, enabling something to be done which otherwise would be in breach of a term of the lease. A license does not itself transfer any interest in the land but may authorise the licensee to enter the licensor’s land for some specific purposes of the license; the licensor may enter the land and use it in any way not inconsistent with the rights of the licensee. However, a landlord may authorise by license some act or omission by a tenant, which would otherwise be a breach of the terms of the lease.
Load bearing:
The capacity of an element in a building structure to support a weight in addition to its own, whether vertically or laterally. Thus a load-bearing wall is one, which supports part of the structure in addition to its own weight.

M

Maintenance in property parlance:
The keeping of a building, structure or other physical feature in a specified e.g. Wind and weather tight, condition. The approved cost of maintenance may be deductible for income taxation.
Mattha:
Frontage of a building with the main road.
Mortgage:
The conveyance of a legal or equitable interest in freehold or leasehold property as security for a loan and with provision for redemption on repayment of the loan. The lender (mortgagee) has powers of recovery in the event of default by the borrower (mortgagor). A mortgage is a form of land charge and can be either legal or equitable.

N

Negotiation:
Discussion, written or otherwise, between two or more parties no different sides, the aim being to reach a common agreement.
Non-confirming use:
The use of a property, which does not conform to the allocation of the area for planning purposes. Such a property may have been built in conformity with the planning requirement at the time and a policy change ensued; more usually, the property was constructed before planning control was introduced.
Net present value method (NPV):
A method used in discounted cash flow analysis to find the sum of money representing the difference between the present value of all inflows and outflows of cash associated with the project by discounting each at a target yield.

O

Open market value:
1. The best price which might reasonably be expected to be obtained at arms’ length for an interest in a property at the date of valuation, subject to any statutory assumptions which may be required.
2. For the purpose of asset valuations this is defined by the Royal Institute of Chartered Surveyors (UK) as the best price which might reasonably be expected to be obtained for an interest in a property at the date of valuation assuming:
-a willing seller
-a reasonable period in which to negotiate the sale
-that values will remain static during that period
-that the property will be freely exposed to the market; and
-that no account will be taken of any higher price that might be paid by a person with a special interest.
-Outgoings Costs incurred by the owner of an interest in property, usually calculated on a yearly basis. e.g. management, repairs, rates, insurance and rent payable to the holder of a superior interest, as appropriate to his contractual or other liabilities. It is prudent to make annual provision for future items involving expenditure at intervals of more than one year.

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Townhouses on James Island can be a little harder to find, since there are more condos for sale on the island than townhouses.  I’ve included below some of the most popular townhouse communities below, and I’ve organized them by price range.

Under $150,000:  In the lower price range, I’d recommend looking at Rivers Point Row.  Buyers generally like these townhouses because some of them have brick exteriors.  They were built from about 1978 to 1980, and the community has a pool.  Dove Run is another neighborhood to consider, and it has some of the most affordable townhouses on James Island.  You can find several right now for under $125K.  Although some of these units are brick, most are vinyl siding.  They were built in the mid 1980s, so they’re slightly newer.  Riverland Place has the newest townhouses in this price range, and it was built from about 1983 to 1987. 

$150,000 – $200,000:  Meridian Place is one of the best neighborhoods in this price range.  It was built from about 2002 to 2004, so they’re quite new.  They’re also one story, which can be hard to find.  This is a very dog friendly neighborhood, and there are paved walking trails throughout the community.  And, all of these units have fenced backyards.  Most of the townhouses under $200K don’t have garages.  But, if you’re considering spending more, you may want to look at the units that are towards the back of the neighborhood.  Seaside Plantation is another neighborhood I would recommend.  It usually has fewer townhouses for sale at any given time, so they can be a little harder to get.  These town homes were built in the 1980s, and this is actually a subsection of a larger single family neighborhood.  James Island does not have many neighborhoods with a mix of home types.  So, if you’re looking for more of a neighborhood setting, you may want to check out Seaside.

$200,000 – $300,000:  Besides a couple of units in Meridian Place, Eaglewood Retreat is about the only townhouse community in this price range.  But, buyers tend to really like this neighborhood.  It has charming Charleston styled town homes that were built mostly in 2006 and 2007.  These are some of the few townhouses on James Island with hardy plank siding.  You’ll find many other upgrades in these townhouses, too.  Eaglewood Retreat also has houses for sale, but they start in the high $300s.

$400,000 – $500,000:  Wappoo Creek Place townhouses have garages and plenty of space.  They were built in the early 1980s.  Although many of these units have been remodeled, some of them still need updating.  This neighborhood is kind of tucked away, so there is a lot of privacy.  But, it’s still really close to downtown (about a 10 minute drive).  Wappoo Landing is another community I recommend in this price range.  These are newer, since they were built around 2003.  They also have great marsh front views.  These units are elevated with a garage on the ground floor.

Product Description
A townhouse is a residence that many find combines the best amenities of a single–family home and a condominium. By definition, a townhouse is a home that is attached to adjacent houses, which sits upon land that you own. THE MODERN TOWNHOUSE will look at three types of town house projects that are increasingly popular in urban areas and close–in suburbia: 1) Renovation of existing town houses. This is a particularly popular activity in older, urban neighborhood… More >>

The Modern Townhouse: The Latest in Urban and Suburban Designs

from the Peter Serafinowicz Show Christmas Special

Santiago and Concepción are attractive for residential property investors, Viña Del Mar less so, says the Global Property Guide

There are surprisingly large differences between returns on residential property in Chile’s main cities. The Global Property Guide (http://www.globalpropertyguide.com), the research site for residential property, released today the results of research into rentals in major cities of Chile. It revealed that:
• Apartments in prime areas of Santiago have excellent average rental yields of 8.16%.
• Apartments in the city of Viña Del Mar yield only half as much, on average, with gross rental yields of around 4.31% only.

The rental yield is the annual rental income on a property, as a percentage of today’s property purchase price. This is what a landlord can expect as return to his investment. The rental yield is one useful yardstick of whether property is over-valued or under-valued

The high yields on apartments in prime areas of Santiago – Las Condes, Providencia, and Vitacura – suggest that these Santiago areas make good residential property investments.
Apartments in prime areas of Santiago cost on average US$ 98,520 for a 60 square meter apartment, according to the Global Property Guide’s research, versus US$ 87,480 for the same sized property in Viña Del Mar. However, 120 square meter apartments are more expensive in Viña Del Mar than in Santiago.

The result? Looking across the different sizes, prices in the two cities are more or less the same, on average.

Though apartments in Santiago and Viña del Mar cost around the same, per square meter, yet Santiago apartments produce twice as good rental returns – i.e., rents for the same sized apartment in Santiago are nearly twice as high. This means that Santiago is much more attractive as a residential investment.

In the southern city of Concepción, 120 square meter apartments have excellent gross rental yields of 9.04% – also, an excellent level of rental yields, making Concepción a very attractive investment.

Why consider rental yields? Some investors in residential property may ignore rental returns, being more concerned with capital gains.

Yet even they would do well to consider rental yields. The rental yield, or price/rent ratio, is similar to the price/earnings ratio in the stock market. As in the stock market, property investments with high rental yields tend to perform better, and have higher capital gains, in the long-term.

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Extensive Report - http://www.globalpropertyguide.com/Latin-America/Chile/Rental-Yields

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The Global Property Guide is an on-line property research house.

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Publisher and Strategist:
Matthew Montagu-Pollock
Phone: (+632) 867 4220
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Email: editor@globalpropertyguide.com

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