Posts Tagged ‘Buying A Property’

Buying a Property

If you are going to purchase private real estate and not use a real estate agent there are certain things you should consider before looking at any private property.

There are 3 stages to purchasing a property:

1. Signing of the contract including conditions, known as conditional contract.

2. The date the contract conditions are met, known as unconditional contract.

3. Settlement date (the day that the buyer gains possession)

Before you purchase.

Purchasing property can be complex and you should consider including in your purchase conditions a qualified valuation. Other conditions should include a building and pest inspections and a finance clause where finance is required.

Costs

The purchaser of any property in Australia pays stamp duty on the

purchase. See the Planner on the No Agent property website to assist you to thoroughly assess costs before you get started.

Settlement

The date for settlement is set by both parties. When settlement takes place the balance of the contract price is paid to the vendor and the purchaser receives the title documents to the property and, of course, the keys.

When a mortgage is involved the mortgagee (the lender) pays the money (loaned) plus any additional accounts (such as rates, water etc.) to the seller and receives the title documents to the property. The lender retains the title and mortgage documents until the term of the mortgage is complete.

Inspecting

When you are dealing directly with the seller, arrange meeting times that are suitable to you. You will be establishing a relationship with the seller so remember to be flexible at all times as they wish to sell the property as much as you may wish to purchase the property. Don’t feel pressured into making decisions. If you are genuinely interested in the property, ask for a guided tour, then ask to spend some time just browsing on your own.

Take a look at the surrounding area. Consider proximity of schools, transport, churches, shopping centres or other places of importance to you. Calculate any differences in cost or convenience that you may expect from different properties, as these factors can have a bearing on your selection of a property.

Private Sale | Private Real Estate | Homes for sale | Real Estate | Private Property

Negotiating a price

In most cases there is a negotiating system that will take place during the contract process, initially the buyer will sign a contract offering a specific price and in return the seller will either accept the offer or counter offer with another price. This process will continue until both parties agree on a price and any associated condition. At this stage the seller will sign and date the contract which then makes both parties bound by the contract. The contract and the buyers deposit cheque are then lodged with the seller’s solicitor or conveyancer who will retain the deposit in a trust account until settlement takes place.

Property condition

Make yourself aware of structural problems such as cracks in the walls, termite damage or evidence of subsidence. Also take note of the condition of the wiring, plumbing and electrical fittings. It is highly recommended that you engage the services of a qualified building and pest Inspectors as their property report may highlight any serious and potentially costly problems.

Questions to ask the seller

? • Why are you selling?

? • How long have you lived here?

? • What improvements have been carried out to the property?

? • What are the rates?

? • Where is the nearest transport?

? • What are the neighbours like?

? • Have there been any price reductions?

? • How long has the property been on the market?

? • Which direction does the property face?

? • Which rooms get the Western sun in the afternoon?

? • What fixtures and fittings are included or excluded in the sale?

? • Are there any current issues with the property that they are aware of?

? • Where are the nearest schools?

DISCLAIMER

This information supplied is general in nature and is to be used and applied as a guide only. Seek professional advice for detailed advice and information regarding your specific circumstances. No Agent Property accepts no responsibility or liability for the use or application of the information provided.

Copyright Notice

This article is free for reproduction but must be reproduced in its entirety, including live links & this copyright statement must be included.

Copyright © 2007 No Agent Property

International Property Markets With Major Architectures to Invest On!

To sum up buying international property will always be a good long-term investment property plan. For the best realestate, investment bargains and the widest choice do not restrict you to local realtors: go national with a property auction. I will suggest you to opt two property types if you’re an inexperienced property investor. International Property market in Dubai is reaching sky-high levels rapidly. The property overseas business in Dubai is surging ahead sharply.

Dubai has become an international property hub, with ultimate architectural developments and ambitious projects rising up seemingly overnight. Realestate investment and property purchase market has nowadays one of the best growth prices that are the reason it is considered to offers low risk and lofty rewards. International property agencies says that it is among one of the best investment plan for people who have retired or still earning and looking out for an option to safeguard there money. The property purchase prices are comparatively lesser and therefore such property purchase can be a good deal.

Buying a property overseas is a major step of investment plan. Buying property is a task to research all aspects of a potential property investment plan and deal only with reputable realestate investment online experts since there is no professional property purchase process in international property markets! International property investors can sell property or rent out the property if they want so. Realestate investment is high, with a great demand for short-term rentals and yields around 15%.

International Property marketplace has arrange worldwide property sales, especially from the corporate sector, has provided us with utmost confidence to continuously grow the scope and features of our events. If you didn’t want to sell realestate when you become old, you can also pass the properties on as inheritance if specific process is followed. International property owners of property overseas can also entitles the first named property builder to a 3-year renewable residence visa.
International property in developed countries doesn’t apply taxes on income, including that obtained from renting property purchased. Realestate purchase for the property sale has been a proven method to increase profits though not property investors can afford to invest large some in the ready to live houses

A Guide To Buying Overseas Property

Buying a property overseas is an exciting new venture and with the accessibility of markets abroad, it is easier than ever before! It is important to not be daunted by the abundance of property on offer and use the help provided for a quick, easy, and successful purchase! There are certain fundamental things to remember when coming to buy a property overseas, whether it is to be a holiday escape home or permanent residence, the following points are important to bear in mind.

1. Decide exactly on what type of property is most suitable to your needs, is it a business apartment for those meetings abroad, a place in the sun with a swimming pool, or a house in the buzz of a busy city overseas. Having in mind what you want to buy and the purpose of the property makes purchasing much easier.

2. Once you have your ideal home in mind, try not to be overwhelmed by the abundance of property’s available or be persuaded by a charismatic agent into buying something which is not ideal to your every requirement.

3. Ensure you have inspected the property fully and seen the end result, buying a property that is in the process of being constructed is always risky business as the end result is never guaranteed.

4. Do not forget to account for expenses, agent fees, VAT, travel such as flights and accommodation when vesting the country you are wishing to buy a property in and so on, a rough guide is around 10- 15% above the price of the house.

5. Scour the market for areas which are gaining popularity, this way you can be sure there are adequate nearby amenities as well as the likelihood of increasing the gained capital on the property, with further options such as renting the property out at a later date and so on.

6. It is always good to locate near locals as well as tourists, to really experience a place, its culture and so on, as well this can be an investment with future renting potential.

7. ensure there are adequate facilities nearby, shops restaurants, health services, schools if you have children, public transport and so on.

8. It is all very well relying on the advice of a lawyer recommended by the estate agent, but it is definitely worthwhile seeking your own independent advice to ensure all eventualities are covered.

9. Another important issue is to double check the inheritance laws in a country you are purchasing a property in, not everywhere is as straight forward as the UK.

10. Learning the language of the c country is a big help, particularly once you have moved when it comes to services such as engineers etc, this can prove very difficult with a language barrier!

11. Most importantly, ENJOY your property. Buying a property overseas is an exciting venture so make sure you relish it and don’t become too stressed out by the move and organizing! Your new property has much to offer!

Holidays – Buying a Property in Spain

 

Every year, thousands of Britons choose to head abroad, with many flocking to sun-kissed destinations in order to catch a bit of sun and relax.

Many have been tempted by the areas where they’ve taken their holidays, so much so that they decide to relocate to their favourite destination.

If you’re looking to buy a property in Spain, research is essential in order to ensure that the property is able to be built and that there are no hidden catches, which could potentially leave you out of pocket.

There are now a wide range of companies, offering Spanish property tips for a range of different sized properties – from hillside villas to apartments – all over the country and to suit all tastes.

Once you’ve decided on the property of your choice it’s advisable to check a few things before rushing into any deal.

 


 

 


Obtain details of the property from the Property Registry (Registro de la Propiedad) to find out if it belongs to the seller, is free of debt and matches the descriptions given on the property details.

 

 


Ensure that a pre-agreement contract is in place until the deed of purchase is available. This usually confirms interest in buying a property and deposits that need to be paid to secure the property.

 

 


Ensure that you have the relevant documentation needed for the mortgage. These include evidence of assets (bank statements, work records and tax details) – ensure you speak to your bank to find out which documents are required.

 

 


If you have any doubts about the structure of the property or loans, it can be worth hiring an appraiser (which can usually be done through the bank) in order to ensure everything is secure before you seal the deal.

 

 


After signing the contract after certification from a notary, it’s essential to sort out the tax details for your property, and ensure that it’s registered with the town’s council; your estate agent or property buyer can usually offer help you sort out these details.

 

 


 

Buying properties abroad can be lengthy and expensive. Indeed, there has been no shortage of buyers’ horror stories, from land disputes to bogus agents. Many companies will offer a Spanish property buyers guide, which can be a useful read for those who are thinking of purchasing properties.

By putting time into your research and ensuring that all credentials are met, you can be successful in securing your dream property abroad, which will ultimately lead to many more happy holidays for you and your family.

Is buying a Property in India on your mind, a deal is ready for you

Is buying a Property in India on your mind, a deal is ready for you.

If it is so, we are all help to you. From identification of the property that meets your needs in the tricity of Chandigarh, Mohali and Panchkula, our srvices are at your disposal. A simple email desribing the kind of property you are instreseted in buying and your budget would help us in meeting your requirement.

Once you are on our mailing list we shal regularly be sending you feed back as well as the properties tht would be on our list to help you choose from it. You may select from the category of the property viz. residential, commercial ,industrial and agricultural in and around Chandigarh, Mohali,Panchkula.

Besides sale/purchanse of property, we provide other services that are mentioned below:

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Ambakripa Properties: Property advisory services in Chandigarh Mohali Panchkula

Ambakripa Properties offers assistance and property advisory service to all our esteemed clients settled overseas for sale purchase Rent of residential, commercial, industrial properties situated at Chandigarh, Mohali and Panchkula on lump sum Service charges.

You can get services like rate comparison, market updates, and availability of property per location, information on upcoming residential and commercial projects and real estate research and analysis. Provision of such services is done in most customized and transparent manners. Our motto is maximum gain for our client with zero inconvenience. Our services are tailor made keeping individual choices and preferences for clients’ maximum satisfaction.

Charges:

All charges are in Indian Currency (and be converted in your country’s currency at the prevalent rates at the time of order.)
Charges:

1. Residential Rs. 10,000/-

2. Commercial Rs. 25,000/-

3. Industrial Rs. 30,000/-

4. Land Rs. 40,000/-

The services offered include:

Identification

Ambakripa Properties would provide an authentic survey report of the available properties and would suggest such properties that match the requirement/demand of the client. Source of the deal from actual seller/purchaser/dealer shall be made known to the prospective client.

Property Rates:
Actual and authentic property rates with detailed information on the payment plans, terms and conditions.

Project Verification:
Various on going and upcoming projects in and around the tricity offer a wide range of options to the buyers/investors. Overseas buyers/investors do require report on their legal status and authenticity report. Ambakripa properties shall submit accurate report to clients and feasibility of growth in the investment prior to a decision of the client.

Transfer of Property
Ambakripa Properties shall always strive to get the transfer of property on the name of the prospective client going over the required legal procedures and meet all requirements making the transfer an easy and accessible task for the clients.

Property Verification:
Ambakripa Properties shall undertake property verification on the demand of the buyers to avoid any irregularity.

ComprehensivePropertyInformation:
Complete and specific property details with videos are made available to the clients on demand (vedeography charges at actual)

Market Reports and Analysis:
Comprehensive, authentic, genuine and reliable research reports on market scenario and real estate analysis shall be provided to arrive at a decision. This proves to be beneficial to the clients as complete real estate information give the present market scenario and also forecast the projections and future predictions for the most lucrative investment.

Documentation:

Incase, you have already made a deal to buy /sell /rent a property directly and need assistance for documentation of the deal, you can depend on us for a fair documentation to complete the deal. If you are a seller, you can get the sale deed drafted along with other required documents. Full assistance is rendered for its registration with the sub registrar of the circle concerned. For registered Rent agreements also, the rent/lease document is tailor made and assistance rendered for its registration with the circle office.

Family Settlements.

Once you have arrived at an oral settlement of the property in your family, the same is put into writing according to the settlement for future reference and keep all parties to settlement safe and secure.

Will:

Assistance is provided to make will of property or other assets owned by a person in favour the person of his choice so that in the event of the untimely demise the document delivers the assets to the person deemed fit for it in the will.

Payment terms and conditions:
The payment can be made either through Bank draft/Cheque.( In case of Cheque add Rs. 350/- for collection charge)

SHAPE * MERGEFORMAT

Ambakripa Properties

Property Advisors Par Excellence

#1605, Progressive Society, Sector 50-B,

Chandigarh. Cell: 9888-255-128.

Property Abroad – What’s it All About?

The past 4 – 8 years have seen a tremendous increase in the interest, purchase and hype of buying a property abroad. The late 90′s and early part of the 21st century has seen house prices surge in the UK to record heights, this together with the ever increasing coverage of the low cost airline destinations has given the average man in the street the excess equity in their existing homes and easier access to be able to think about buying and perhaps living overseas.

We’ve probably all been on a foreign holiday to some exciting destination, be it Europe, The Americas or even further afield and admit it whenever we’ve seen a local estate agent we always make a beeline for their shop window if not to compare the prices to back in the UK then certainly to see how and what we could afford – we’ve been doing it for years without really considering the possibilities.

4 years ago the number of properties owned by people from the UK hovered at around 170,000. Now there are over 1million Brits owning second homes in Spain and France alone, and figures from the Office for National Statistics recently revealed that around 200,000 Britons travel abroad every year in search of buying a property with the intention of staying for a minimum of 12 months.

The main question we at property-abroad.com are asked by investors and holiday home seekers is “where should we buy”? A difficult question to answer because every person’s idea of owning an overseas investment or holiday property is completely different. We have a selection of questions that we ask client to consider when thinking of buying abroad which include:

•Budget – how much do you want to or can you spend. Do you need a mortgage or finance?

•Location – is location important for you? Beach, countryside or town?

•Use – personal for holidays or purely investment or a bit of both?

•Access – is getting to your property easily and cheaply important to you?

•Employment – will you need to work what is the employment situation?

•Schooling – do you need to consider such things as schooling for your children?

•Size – will a one bed apartment be big enough or do you need to consider a 4 bed town house or villa?

•Rentability – is it going to be a necessity to rent your property out to help with mortgage payments?

Although we have over 300 different websites and feature over 50,000 properties for sale in over 45 different countries abroad no two enquiries are ever the same and as such we treat each enquiry on a personal basis. We feature properties for sale directly from local estate agents and developers in every country.

What about the legalities

Buying a property abroad can be relatively straightforward – there’s nothing really complicated as long as you follow instructions and use a reliable legal representative – whether they are from the country concerned or from the UK – it will make you feel more at ease and will help things to run smoothly. We feature various guides and books on buying property abroad on our website and apart from various little peculiarities in certain countries most overseas property purchases can run smoothly.

Mortgages

Financing your overseas property is a lot easier now than it was a couple of years ago. Mortgages for buying property abroad can be arranged through high street banks like the Abbey National, Nat West and Barclays. However, you may need to look at specialist lenders for new and emerging countries like Turkey, Bulgaria, and Croatia etc. Consideration should also be given to obtaining a mortgage in the country that you are buying in – things like euro mortgages can often work out cheaper than UK lenders but be aware of the changing exchange rate. Typical loan to value %’s can range from 60 – 80% depending on the country.

Insurance

As with all major purchases insurance must play a part in your overall budget plan. We would strongly recommend that adequate property and contents insurance is taken out to cover your investment as it grows. Although you don’t anticipate any problems arising with your new home you certainly want to ensure that your investment is covered against loss and damage. Although there are a number of UK based companies that will offer Overseas Property Insurance – you will also find that there are local companies able to offer similar coverage in each country.

Most of us here in the UK are already home owners and there exists a continuing strong demand for our little piece of England. However, there exists a growing sector of young people who are unable to climb on the UK property ladder because of the high cost of entry property prices and as such are entering the overseas property market as a means to secure some foot holding on an emerging property market.

A Place in the Sun – Channel 4′s property programme recently compiled their list of the 20 best places to buy a property abroad for investment purposes. To refresh your memory we have included those destinations below in ascending order from the best to the least projected returns on investments.

Romania – Poland – Portugal – The Baltic States (Latvia, Lithuania, Estonia) – Sweden – Belgium – Slovakia – Sweden – Finland – Hungary – Luxembourg – Germany – Czech Republic – Ireland – Austria Netherlands – France – Italy – Spain – Cyprus

With over 45 countries covered in our overseas property database prices of properties for sale in the areas above can range from a plot of land in the Bahamas from £2000 right up to a country holiday complex in Tuscany for over £33 million. Typical property prices in the likes of Romania stand at around the £10-15,000 mark for a decent property in the outlining areas whereas £5,000 %2B will get you a rural property requiring renovation and upwards of £30,000 will buy you something very near to the city of Bucharest.

Our Tip

The property market in Poland is our tip for rapid future growth as we consider the country to have the best prospects of all current EU members. There are a huge number of international companies, such as Tesco’s and GSK, beginning to set up offices, shops and warehousing in the country – this together with over EUR70 billion of European funding earmarked for the country over the next 8 years or so can only indicate the anticipated growth in employment, housing and infrastructure. Together with our Polish partners we are currently busy identifying new opportunities within the country and will soon be marketing off-plan developments in Poland throughout our massive infrastructure of websites.

As we become more and more daring in our ventures of overseas holidays then the great British public will continue to conquer new and exciting areas of the globe in which to lay their foundations of a holiday home or indeed a permanent residence abroad. Whatever your reasons are for considering a move abroad then remember there’s only one company out there that can offer access to over 30,000 properties for sale worldwide www.property-abroad.com Tel: 0870 720 3210

Property in France – Guide to Buying a Property in France

The French Property Market

The French real estate market has been booming over the course of the past ten years. Indeed, since the birth of the European Union, a greater number of foreign nationals have taken to purchasing property within the country of France

When it comes to the sale of real estate in and across France, there are two primary areas in which the real property market has been hot. On the one hand, in major cities in France — particularly in the French capital of Paris — newly constructed residential properties have experience a brisk business and trade. A notable number of foreign nationals have taken to purchasing new residential properties in major cities such as Paris in the past five or six years.

In addition to the fast paced market in new residential properties in major French cities, older, larger residences in more rural regions are also in demand. Foreign nationals are making up a significant portion of the group of purchasers who are seeking out and purchasing these types of older, larger properties in rural areas in the country.

Investment Property in France

Like other nations comprising the European Union, France has experienced an up tick in the number of foreign nationals who are investing in commercial real estate in France since the creation of the EU. The pan-European marketplace has created an environment in which investing across national boundaries and throughout Europe has become a profitable enterprise for many men and women.

One example in which foreign investors have played a significant role in real property is found in the number of foreign nationals who have invested in real estate associated with the retail trade in major French cities. Indeed, within Paris alone, the number of foreign investors in commercial real estate, most particularly in buildings and property associated with retail operations, has increased by over 100% in recent times.

Overall, the commercial real estate market in major French cites has proven to be a very profitable investment for many foreign nationals. Most analysts agree that the commercial real estate marketplace should remain a stable and solid investment for investors, including foreign nationals, well into the next decade.

Even with some of the civil unrest that has been experienced in some locations in France during the past year, the real estate market has not experienced any real aftershocks as a result of this restiveness in some parts of the nation.

Residential Real Estate in France – Single Family Properties

As mentioned previously, the residential real estate market has been hot in many locales throughout France. In the major cities, newly built properties have been the subject of brisk sales in recent years. Many foreign nationals have been found snatching up these new residences in Paris and in other larger French cities.

In addition to newly built properties in larger French cities, rural residences have also traded on the marketplace steadily over the course of the past decade. Many foreign nationals have taken to purchasing larger residences in rural areas in France for retreat and holiday or vacation properties. For many years, France has been a destination of choice for holiday travelers from much of Europe and from other ports of call around the globe.

Residential Real Estate in France – Apartments

In the 21st century, the resort communities in France remain some of the most popular destinations for travelers and tourists from around the world. When it comes to French resorts, including the magnificent cities located on the French Riviera, many travelers and visitors actually return to these cities time and again for holiday stays. As a result, the demand for residential properties to be used for vacation purposes runs high in some of these communities. Apartments in resort communities have been in steady demand over the course of the past twenty years.

For the most part, apartments for sale in French resort communities are priced high. Buying an apartment in a major French resort community does not come cheap.

In addition to resort communities, Paris has also experienced a significant increase in the number of new and more expensive apartment units that are being constructed each and every year. Many foreign nationals have taken to purchasing apartments in the French capital city — particularly since the inception of the European Union and the integrated European economic community.

Holiday Property in France

As mentioned previously, vacation real estate has been in high demand in France in recent years. The French resorts, most particularly those resorts in and around the French Riviera, have experienced brisk business in vacation real estate. Generally speaking, these properties come in the form of apartments that are being snatched up by foreign nationals at record rates.

In Paris as well a significant number of residential properties are sold each year to foreign nationals that intend to make use of these properties for vacation or holiday purposes. As in the resort communities, apartments tend to be the residential property of choice for people seeking vacation or holiday properties in the capital city.

Finally, when it comes to vacation or holiday properties in France, rural residences are also greatly in demand. There are some spectacular (and large and expensive) estates that are on the market at this point in time, a good share of them having been purchased by foreign nationals for vacation purposes. Rural French residences are expected to remain in high demand by foreign nationals for use as vacation or holiday properties well into the next decade, according to real estate analysts in France.

Specific steps to buying real estate property in France

The first step that occurs in the real estate buying process in France is an oral agreement to make a purchase. The oral stage of the real estate buying process is informal and actually not legally binding. However, once a buyer conveys a purchasing price to a seller, and if the seller agrees on that offering price, movement towards a binding agreement which is known in France as the compromis de vente.

At its essence, the compromis de vente is a conditional or preliminary agreement to purchase real estate,

Generally speaking, the compromis de vente will set forth those steps and acts that must be taken and that must occur before a final contract will be entered into between the parties and before ownership of the real estate will transfer from the seller to the buyer. For example, after the signing of the compromis de vente, the buyer will have to obtain suitable and appropriate financing while the seller will have to work to make certain that the title to the property is free and clear and that the real estate can be transferred to the buyer without any encumbrances.

At the time the parties enter into the compromis de vente, the buyer will have to make what normally amounts to a deposit in the amount of 10% of the total purchase price. There are limited instances when the deposit is refundable. For example, if free and clear title to the property cannot be arranged during the time period set forth within the compromis de vente, the buyer can back out of the deal and get the deposit money back. However, barring something of this nature, if the buyer does back out of the agreement, he or she generally will lose the deposit money that has been paid pursuant to the terms and conditions of the compromis de vente.

It is highly recommended that the deposit be paid to either a qualified solicitor or a designated notaire. A solicitor or notaire will hold the money until all of the requirements and obligations of the compromis de vente appropriately are completed and concluded. At that time, the money will be paid to the seller if the deal goes through or will be refunded to the buyer under limited circumstances as outlined previously.

Generally, there are legal fees of under 10% that are associated with most real estate sales in France. These fees are due to be paid upon the completion of the sale — at the same time that the balance due on the overall property sale is paid by the buyer.

The real estate agency will also be entitled to a commission. Negotiations between the parties will determine whether it is the buyer or the seller who will pay these fees. The real estate agency fees can be as low as 5% of the purchase price or as high as 10% of the purchase price in some instances.

There are restrictions on how much of the purchase of real estate a foreign national can finance in France. If a foreign national is a citizen of another European Union nation, that person can finance up to 85% of the total purchase price of the real estate. If a foreign national is from a country beyond the European Union, he or she can only finance up to 80% of the total purchase price of the property. On the other hand, a French citizen can finance 100% of the purchase price of the real estate in question.

The final agreement in the real estate sales transaction is what is known as the acte de vente (which roughly translates as the final deed for sale). This agreement is to be signed in front of an official notaire.

Property Abroad always recommends using a Solicitor or Lawyer.

Guide to Buying a Property in Kelowna

Buying lands is considered to be one of the best investments. The rates of the lands keeps increasing as days goes on, so in the future, this investment is obviously profitable. Many people like to purchase properties in other countries or other places. Because it fulfills two purposes, first one, they could enjoy the trip along with their family and the second one, if they make out purchase in some tourist place; they could give it for rent and could gain money through that property. Before buying any property, the place where the property is going to be bought should be considered, the information about the place shall be known from the net.  Kelowna is a city, which is situated in the Okanagan valley in Canada. Even from home, it is possible to catch a glimpse of the beautiful views in Okanagan valley. People rush to make purchase in Kelowna for its weather and its beautiful sceneries.

Generally people seek the help of real estate to purchase lands and houses. There are lots of services available in Kelowna which helps you to buy the property which seems to be right for you. They also listen to the preferences that are made by the customers, and they try to put their full effort in order to satisfy their customers. It is better to seek the help of these services because they will arrange for counseling session through which they get to know at what rate you are looking out for property. Newspapers will give information on the real estates present in Kelowna. First get to know which real estate provides you with lot of benefits and then you can buy or sell properties through them. The real estates fetch you with a list of the properties which are available for sales, about their infrastructure, facilities, and the way they are designed and about their cost.  

Purchasing a home is one of the most important individual purchases in your lifetime. While purchasing a home, a professional decision must be made, with consideration and understanding which fulfills your needs and wishes. You could give lot of preferences on the kind of home you need, before purchasing, it is necessary to have a look at the home, the facilities which are available, and see whether the rate comes under your financial consideration. Condos are apartments which are individually owned and they provide whatever you desire. There are some condos in Kelowna which provides luxury accommodation. A life in condo can make your life better and more enjoyable. Before the purchase of condominium, it is important to consider the legal and other aspects of owning a condominium.  

Townhouses in general provide better security and lots of amenities. Townhouses combine the amenities of both single houses and condos. Always make investments on those, which saves your money and at the same time profitable. Lots of things should be taken into consideration before investing on houses, and the investment made should be an ideal one.

Buy Properties In Kamloops

Running a real estate business is not an easy one, because the tasks in this business are never – ending.  But with a dose of determination, it is possible to manage this business.  Buying and selling a property could be made easy through real estate.  Whenever you think of buying a property, you could just seek the help of the real estates, which gives information on the rates of various lands and homes, depending on their places of location.

Advantages of making investments in real estate
1.    More profit could be obtained by selling each and every property through real estate.
2.    Leverage – It is possible to borrow money depending on the value of the property.
3.    Even though, investing in real estate is so expensive, but still it is easy to buy, because in this investment, you need to have only a part of the purchase price available.

Kamloops is a place in Canada, which is famous for tourist attraction.  People wish to buy property in Kamloops for the following reasons – climate, size, property prices, economy and its location.  Even though, the rates of the property in Kamloops keep increasing, still it continues to be an affordable place to buy property. In general, lands and homes come under the category of property. Before buying a home, the following things should be considered
-    Identify your needs which suit your budget.
-    If you seek the help of the real estate, inform them about the kind of home you require.
-    And always try to make a clear decision.
The best way to gain peace of mind is to hire a right professional.  An objective view of the property is obtained by inspecting a house both structurally and mechanically.  It is your option to choose a condo, townhouse or individual houses.

Town homes
Town homes are alternative to single family homes and offer various significant advantages. Townhouses are defined as attached homes with more than one level of living space. The following are the advantages of living in a town home; it requires less exterior maintenance, better security and community amenities. The benefits of town homes are it is easily accessible and convenient, affordable, spacious, requires less maintenance on the whole, and provides lots of privacy.  

Condos
One of the perfect forms of real estate investment is condos.  One of the advantages of condominiums is the maintenance of external features. If the advantages of the condos are understood well, then the investment in condos through real estate is considered to be a safer choice. Condos undergo a lot of fluctuations according to the market rates when compared with single family homes.

The property classifieds might give information regarding the homes for sale in Kamloops.  When the real estate gets information about the sale of homes, they might intimate their members about that particular offer through email.   While buying a property, make a clear and distinctive decision, because buying a property is not a simple one, it is an investment, which seems to be beneficial for our future in many ways.

Buying a Property in Puerta Vallarta in Mexico

As more and more British invest in overseas property we have noticed an increasing number of enquiries and requests for information on property for sale in Mexico.

Traditionall the British have been buying property in Europe for many years and have often ventured as far away as Florida and Australia for a holiday or investment home. However, over the past few years we have seen a marked increase in the number of British buying in longhaul destinations like Thailand, Brazil, Mexico and China as more and more people are on the look out for new and emerging investment markets.

In response to this we have included a number of new country directories in the Property-Abroad.com website covering many things like buyers guides, country guides, airports and attractions guides as well as links to solicitors, estate agents, hotels and many other useful resources connected to buying a property in these new markets.

Popular places of interest to the British buying property in Mexico include the main holiday resorts like Cancun, Puerto Vallarta and Acapulco as well as along the main Yucatan Peninsula. The Americans and Canadians have been buying properties in these areas for quite some time now but because of the distance issue the British have been slow to take up the opportunities that have been available to foreign investors until recently.

Owning property in Mexico is easier and safer than ever, because now there are established and well defined rules regarding non-Mexicans owning land in Mexico. These rules are in place to protect your ownership rights and to promote the sale of real estate to foreign investors. The key is a safe, established and perpetually renewable Mexican Property Trust called a “Fideicomiso”.

Irrevocable Real Estate Trust Agreement: This is better known as a “fideicomiso” and is the most common instrument for the acquisition of real estate property within the restricted zone, usually for residential purposes. The seller, “trustor”, will transfer property to a Mexican bank institution, the “trustee”, by means of an irrevocable trust agreement. The trustee will hold the property on behalf of a designated beneficiary (usually the buyer). The bank is obligated to administer the real estate only for the benefit of the beneficiary, who holds the right of use and enjoyment of the real estate, as an owner. The bank holds title to the property but the beneficiary is entitled to use it and even sell the property held in trust to any eligible buyer, providing that he instructs the bank to do so.

For general upto dat information on buying a property in Mexico as well as a list of current propertes for sale in Puerta Vallarta and the Yucatan Peninsula why not check out our details below.

Property in Croatia – Guide to Buying a Property in Croatia

The Croatian Property Market Historically, the laws governing the ability of foreign nationals to purchase or otherwise own real estate in Croatia were restrictive. Of course, a great deal of this reflects the reality that through much of its history, Croatia was under the governance of other countries. For a significant part of its history, Croatia has been occupied or otherwise controlled by foreign governments.

In any event, beginning in about 1990, there has been a slow liberalization of the laws pertaining to the purchase and ownership of real estate in Croatia.

Investment Property in Croatia

With the slow liberalization of land ownership laws in Croatia — which will be discussed further and in more detail later — some foreign investors have begun to put money into Croatian real estate. However, there has not been a great rush by foreign nationals towards the investment in real property in Croatia.

There remains some uncertainty on the part of investors in regard to the stability of Croatia. Of course, Croatia is located in a region of the world that has been rife with conflict since the disintegration of Yugoslavia.

In any event, and as has been mentioned, some foreign investors have taken to buying some commercial, multi-family residential and vacation real estate holdings over the course of the past ten years.

Residential Real Estate in Croatia – Single Family Properties

The investment by foreign nationals in single family dwellings in Croatia has been rather limited thus far, since the liberalization of the land ownership laws that commenced in the early 1990s.

Presently, the movement towards foreign nationals in the arena of residential property has been slow and deliberate. For the most part, those foreign nationals that are investing in residential real estate in Croatia are those individuals who have migrated the country (or an in country for at least a portion of the year) for business purposes.

Even though investment in real estate by foreign nationals has been a bit slow on the mark thus far, foreign nationals have taken greater initiatives in investing in other types of business enterprises within that country. Again, for that reason, there are some foreign nationals who have taken steps to own residential, single family dwellings in Croatia.

It is important to note that the Croatian residential real estate market is a buyer’s market at this point in time. By this it is meant that a person interested in buying residential property in Croatia can do so in many instances without breaking the bank in the process.

Most industry experts believe that in time a person investing in Croatian residential property today will be buying a property that most certainly will appreciate over time. In other words, many real estate experts who have considered the Croatian market have concluded that buying and investing in residential property in Croatia today will be a solid and profitable investment into the future. It is expected that many more foreign nationals will take up investing in different types of real estate in Croatia in the not too distant future, including single family residences

Residential Real Estate in Croatia – Apartments

Once again, most apartments that are being purchased by foreign nationals in Croatia are being bought by those men and women that are in country for at least part of the year for business purposes. Apartments are turning out to be a practical means by which a foreign national who is finding his or her self in Croatia during part of the year can establish a convenient and comfortable home in that country at a reasonable cost.

For the most part, apartments that are being purchased by foreign nationals are located in the major Croatian cities — the major commercial centers in that country. As a rule, these apartments that are being marketed and sold in the major commercial centers in Croatia are in fact being sold for surprisingly reasonable prices.

Since 2000, there has been some movement by foreign investors to purchase apartment buildings. These investors are then turning around and are leasing the units in these buildings to other foreign nationals who find themselves in the country for a more extended period of time for business purposes.

In addition, a number of developers in the major cities in Croatia have constructed apartment buildings and complexes with all of the modern amenities associated with contemporary living. These newly constructed units have gained the attention of foreign nationals who are both investing the developments themselves and who are leasing units in these newly constructed buildings and complexes.

Beyond the construction of new apartment buildings and complexes in the major commercial centers in Croatia, there has also been a sharp increase in the number of such construction projects that are being undertaken in Mediterranean resort communities in Croatia. As will be discussed shortly, Croatia is placing great emphasis on attracting a larger tourist trade now and into the future.

Holiday Property in Croatia

In recent times, the Croatian government is taking definite steps to attract more tourists and holiday visitors to that country. Indeed, Croatia is attempting to position itself as being the best Mediterranean port of call. The country is capitalizing on the interesting history and lovely climate of the country in its appeals to potential tourists.

To this end, there has been an increase in the number of developments that are undergoing construction in resort communities. This includes not only fashionable hotels but residences that are being marketed to men and women looking to own a holiday or vacation home.

There have been some early investors who are purchasing these properties with the idea of leasing them out to other holiday travelers in the future. Presently, many of these home owners have found it difficult to keep their holiday home properties intended for lease full during the year. However, these investors are finding that they are having more days of occupancy as time progresses and as more and more international travelers are visiting Croatia.

Specific steps to buying real estate property in Croatia

As has been mentioned, the laws governing the foreign ownership of real estate in Croatia was restrictive. Indeed, through much of the country’s history, foreign nationals could not purchase or own real estate in many instances.

Beginning in the 1990s, Croatia began the process of liberalizing its laws governing the ownership of real estate in that country. In that regard, Croatia enacted what is known as a statute of reciprocity when it comes to foreign ownership of real estate in that country.

In this regard, the basic provisions of the laws governing real estate ownership by foreign nationals states that if the country of origin of the foreign citizen allows a Croatian citizen the ability to own real estate, Croatia in turn will allow that foreign national the ability to purchase and own real estate in Croatia.

In Croatia, reciprocity is presumed to exist unless a demonstration is made otherwise. Therefore, generally speaking, the presumption exists that a foreign national can legally and lawfully purchase real estate in Croatia in this day and age.

Understanding that the real estate laws have been liberalized as far as foreign nationals are concerned, there still are many unique hurdles that must be surmounted before a foreign national actually can complete the purchase of real estate in Croatia at this point in time.

With that said, prior to actually executing an agreement involving the purchase of real estate in Croatia, a foreign national must obtain permission from the Croatian Ministry of Foreign affairs. The Ministry must verify the ultimate ownership interests when real estate is being purchased by a foreign national.

On occasion, the review process by the Ministry of Foreign Affairs can be rather lengthy. The reason for potential delays is found in the fact that in its review process, the Ministry of Foreign Affairs involves the Croatian Ministry of Justice and local governmental offices where the real estate in which a foreign national is interested in purchasing is located.

As far as the real estate sales process is concerned, the first step in the process is the execution of a sales contract between the parties. (This agreement is taken to the Ministry of Foreign Affairs together with a written petition seeking approval from the Ministry of Foreign Affairs.)

Once all of the bureaucratic activity comes to a conclusion, the final contract between the parties can be entered into and a deed will be prepared for the purchaser. It is important to note that the deed cannot be filed in the Land Books of Croatia by a foreign national without the necessary papers approving the purchase as prepared and issued by the Ministry of Foreign Affairs.

Deposits are commonly required when the initial agreement for purchase of real estate is executed. The deposit generally is in the amount of 10% of the overall cost of the real estate. When approval issues from the Ministry of Foreign Affairs, when the final contract is executed, the buyer will be responsible for paying the remaining balance due and owing on the purchase price of the subject real estate.

Property Abroad always recommends using a Solicitor or Lawyer

Buying a Property in Murcia, Spain

After carefully researching the region of Murcia, choosing the right location and type of property, and viewing different property for sale in Murcia, after the ideal home has been found, the next step is to actually purchase it.

Whilst not an exhaustive or step by step guide to purchasing property in Murcia, this guide provides an overview of the buying process. Whether buying a Costa Calida property by the beach, or a new golf development inland, the process is the same.

Finding a good property agent with plenty of experience is essential, and the importance of an agent with local knowledge, and contacts cannot be overestimated. An English-speaking Spanish lawyer should also be employed. Together the agent and the lawyer should be able to provide the necessary advice and assistance, and help avoid common mistakes and problems. It is also worth consulting a financial or tax advisor, especially if the property is to be a permanent residence.

The estate agent can help with finding a mortgage, although they may favour a particular mortgage provider. Spanish mortgage interest rates are lower than the rest of Europe, making buying Murcia property even more appealing. A mortgage offered by a developer is often well worth considering, as there are substantial tax savings to be made. The developer is likely to have a mortgage on the property to fund the development. This mortgage can then be transferred (subrogated) to a new buyer. The new buyer in effect “takes over” the mortgage from the developer, rather than taking out a new mortgage. Savings of several thousand euros in tax and administration fees can usually be saved this way. Subrogation may not be the best way to finance your Murcia property, but it should certainly be investigated. It is important to secure a mortgage so that the properties being considered are within budget. Before getting too carried away, be aware that a deposit of at least 40% of the purchase price plus taxes and fees is usually required. A lot of the process for purchasing property in Murcia will involve appearing in person. If this is not possible, a trusted “power of attorney”, such as the Spanish lawyer, can appear instead.

The property buyer needs to apply for their NIE (Numero del Indentificacion de Extranjero) or ID number at a police station. This can be done at any time, and once issued, means that a power of attorney is not required. This number is used to track a person’s financial and commercial activities in Spain. The NIE is used for many things, such as for employment, buying a vehicle and insurance, as well as for applying for a mortgage or other type of loan, and buying or selling a property.

Once in possession of the NIE, the next step is to open a Spanish bank account, so that payments can be made. Official documentation such as a passport will be required. There are different accounts available for residents and non residents. Applying for a non residential account requires a Certificao de no Resdiencia) to prove residential status. This can be obtained on application from a police station.

The lawyer will help get the necessary background checks done on the property. Purchasing off plan will require all licenses and certificates to be issued, and that the property is debt free and bank guarantees are in place to protect the deposit in case the development is not completed. Purchasing an existing property requires background and history checks into the ownership and debt status. The Lawyer will help to set up an escrow account so that the deposit is protected. It is important to consider making a will; under Spanish law, without a will, the property may not be inherited as expected.

Once the ideal property has been found, and the legal and official processes are underway, the next step is to reserve the property. Each developer will have their own procedures, and there may be some room for negotiation. Purchasing an off plan property requires the reservation contract to be signed, and the payment of a small deposit. This will reserve the property for a month to enable the rest of the deposit to be paid. When the deposit has been paid, the purchase contract can be signed. While the paperwork will be in Spanish, translations will be available.

Once the property is ready to be handed over, the purchase can be completed. The balance of the purchase price and taxes is paid, and the Escrita Publica de Compraventa (Public Deed of Sale) is signed. This document must be authorised by a Spanish Notary and signed by both the Buyer and Seller. At this point, the buyer becomes the owner. There are additional documents that the seller is required to provide, which can vary. Expect to see title deeds, proof of payment of the most recent IBI (Impuesto sobre Bienes Inmuebles) property tax, proof of recent utilities and other documents. Again, legal advice will be useful.

When the sale is completed, the next step is to register with the Land Registry, and the Catastro. The Land Registry is concerned with the ownership and title deeds of a property, whilst the Catastro deals with the exact location, description and boundaries of the property. This then ensures that all property tax correspondence is sent to the new owner.

As part of the purchase process, various taxes will need to be paid, and a rough guide is to budget for an additional 10% over the purchase price. The taxes paid buy the buyer will be negotiated by the chosen lawyer. For off plan properties, the IVA (Impuesto sobre el Valor Anadido) the equivalent of VAT, of 7%, IAJD (Impuesto Sobre Actos Juridicios Documentados), Tax on Documented Legal Transactions, and the Plus Valia, the capital gains tax on the increase in value of the land. Legal and Notary fees usually amount to approximately €2000.

Owning a property in Murcia is no different to owning anywhere else when it comes to ongoing costs. When budgeting, be sure to allow for community fees, such as for the upkeep of the pool and gardens if applicable. Utility bills are similar to UK costs; however there may be a connection cost in the beginning.

Various taxes will need to be paid, and the tax situation depends on residential status. The IBI (Impuesto Sobre Bienes Inmeubles) or community charge and the Impuesto Sobre La Renta (Letting Value Tax), the amount of which varies on residential status are paid on the property. The Impuestos Sobre la Renta de las Personas Fisicas or Income Tax is payable on all income for permanent residents and only for income earned in Spain for non residents. The Impuesto Sobre el Patrimonio or Wealth Tax is calculated on the value of assets including property and bank balance. As tax is a complicated matter at the best of times, professional advice on tax matters is highly recommended.

Despite it looking a complicated procedure, and lots to remember, buying a property in Murcia is highly recommended, and there are many experts who can help along the way.

Buying a Property at Auction in Tenerife

Auctions in Tenerife – are a pioneering auction company that allows people selling property to come into direct contact with those looking to buy property in Tenerife. Our new and unique online bidding system allows prospective buyers to view property and bid online for any property on offer. There are no closing dates on the auction and all bids are forwarded onto the vendors for their perusal. All successful bids will be notified immediately.

Situated in Callao Salvaje on Tenerife’s south coast, Auctions in Tenerife is a Tenerife company which has been set up by Les Calvert Director of Property-Abroad.com Ltd (UK) and PropertyinTenerife.com one of the largest independent property Portals on the internet with over 50,000 properties featured from over 45 countries.

With over 20 years in the Spanish and overseas property market Les is well placed to offer not only advice on the local property market but also on the wider scale of opportunities across the world. Our aim is to bring Property Auctions in Tenerife out in to the property market arena by holding free and ‘open to the public’ auctions online. We will feature properties for sale by auction from private sellers, estate agents and any other leading institutions be it Residential or Commercial.

Please feel free to browse around our website and if you feel that you would like to try our services for buying, selling or auctioning your own property then contact us now for a friendly chat.

Whatever your needs are regarding buying, selling or auctioning property in Tenerife, Auctions in Tenerife will be able to assist you and with an Aftersales Service second to none you are sure to enjoy the experience of owning a home abroad. In addition to our Auction Property we also have access to thousands of resale and off-plan properties for sale throughout the island.

Some FAQ’s to ponder:-

1. Why buy a property from Auctions in Tenerife?

We only feature properties that represent great value for money in today’s market.

We only feature clean titled properties.

We are the only free and transparent Auction House in Tenerife.

We don’t charge a buyers fee.

2. What are the advantages of buying property at Auction?

The opportunity to acquire a property at below market valuation.

When the right price is achieved, you know it’s yours.

No complicated chains.

Sales are normally completed within 28 days.

A wide choice of properties on which to bid.

Your purchase price is governed by you.

An open and secure method of buying property.

All legal documentation is clean and available.

There are no hidden costs.

There is no hard sell you are in complete control.

3. Who can buy at Auction?

Anyone can buy at our Online Auction. The website is global and anyone can bid from anywhere. All bids are put forward to the owners and once a bid is accepted the sale proceeds from there.

4. How do I bid online for a property?

Bid on your selected property using our Make An Online Bid for this Property link accompanying every property.

You can inspect the property at any time and arrange a valuation if you need one.

Property documents are available for checking in person prior to the sale.

NB: If you are successful you will need to send a €1,000 euro deposit once your bid has been accepted. You will then have a further 14 days in which to make up the remaining 10% deposit of the purchase price

If you are successful then you will be contacted by us to make the necessary arrangements for purchasing a property – we will guide you through the process.

And remember, if you have been unsuccessful then – please try again

Please note that whilst Auctions in Tenerife take every precaution to ensure the property and its details are correct, we can not be held liable for any misleading information given by the property vendor or his agent. Properties are bought via Auction at the buyers risk and the buyer is deemed to have taken legal and professional advice.

5. What is a Guide Starting Price?

A guide starting price is what we expect to start the bidding price from.

6. What is the Reserve Price?

In agreement with the vendor a minimum sale price is set, this is known as the Reserve Price. It has been known that vendors do sometimes lower their reserve price. All reserve prices are in confidence with the vendor.

7. How can I pay for my property?

If you are successful then you will be contacted by us and the buying process will be the same as a normal property purchase in Spain but our team will guide you through the buying process. Purchases can be paid for via a mortgage, loan or cash as you prefer.

8. How do I bid online?

Bidding on line is very simple and straightforward. Search through our auction property and find the property that you would like to bid on. Underneath every property in the auction section is a link to place a bid online “Make An Online Bid for this Property” simply click on this link and complete your details. NB: Your bid will need to be higher than any previous online bid if shown. We will then pass your bid onto the vendor and inform you of their decision. If the vendor accepts your bid we will need your deposit and we can then begin the purchasing process.

9. Can I view the Properties for Auction?

Yes, simply contact us to arrange a suitable viewing date and time.

10. Do you arrange inspection tours?

We do not arrange inspection tours but we can arrange for viewings and assistance with finding flights and accommodation locally.

11. How long before I complete the sale?

The sale process can normally completed within 1-2 months but in extreme cases this can be extended.

12. What are the costs of buying at Auction?

Other than your normal legal costs – which your lawyer will advise you of there are no further costs involved. Auctions in Tenerife do not charge any fees to the buyer and entrance to the auction is free of charge.

A Guide to Going Bankrupt in Real Estate!!!

First off, watch some late night infomercials on TV. And possibly order some real estate tapes from Carlton Sheets. This will provide you with a positive upbeat attitude and a sense of false confidence that is essential in order to go bankrupt. Believe that after listening to some tapes, you can compete with people that have done this 7 days a week for years.

Second. For your first investment, buy in a city you know little to nothing about and avoid using a buyers agent who does know the city. Go directly to the sellers agent. The best way to make a truly horrible decision is to avoid any outside advice. The best part of this is that avoiding a buyers agent usually doesn’t save you any money since the selling agent simply makes more when you deal with them directly.

Look for a discount or a distressed property over a good long term investment. Late night infomercials and Carlton Sheets talk a lot about this. Getting equity at the point of sale. One thing about distressed properties with desperate sellers is that they frequently are in crappy areas with low appreciation rates. Buying a property at under market rate in an area with low appreciation potential versus a property in a good area is the kind of short sighted thinking that will really help you reach the goal of bankruptcy and foreclosure.

When you talk to people including your realtor, try to spend time talking about all the crap you learned from your book or light night infomercial. The more you listen to other people, the more you might get different perspectives and the higher chance you might learn new things. This could really hurt your chances of going bankrupt so avoid listening to anyone. Remember you know everything even if you only got interested in real estate last week.

Be positive to the point of stupidity. Alot of investors I know always think about how their situation would be affected by a 10 or 20 percent drop in the market before making a purchase. You should avoid this kind of thinking. You need to be blinded by greed. You should only fantasize about how you are going to double your money.

When calculating your monthly cashflow, assume that you will have 100% occupancy all the time and no maintenance cost. While you are at assume that its going to rain money tomorrow.

Also, be stubborn when renting your properties. Decide upon a number say $900 a month and refuse to budge. Come up with some bizarre logic about how the property deserves $900 a month. Lose months of rent having the property sit vacant instead of going down $50 on the rent. Instead of responding to the market make statements like “Well the markets wrong then”.

As you move closer to foreclosure, don’t alter your spending habits. Don’t move into a smaller house or cut spending. Act like nothing is wrong.

Overextend, overextend, overextend. Are you approved to buy one house. Why not buy 5, heck why not 20. Instead of building up a portfolio of properties over time, gaining experience along the way, just buy alot of properties next Tuesday.

Alot of people are getting into the foreclosure game. Their is no reason you should be left behind. Throwing caution to the wind and filling your eyes with greed and you should find yourself walking down the golden path to foreclosure.

This is not a definitive guide to foreclosure. Alot of people end up in foreclosure due to many things unforeseen events like unpreventable family illness, divorce or job loss. This is simply a guide to what I call elective foreclosure.

Can You Still Make Money in UK Property in the Credit Crunch?

Since the credit crunch mortgage lenders have drastically changed their lending criteria, making it virtually impossible to make money from property.

Previously it was quite easy to buy a property, add some value to it (by refurbishing or decorating it) and then re-selling or letting it out for a tidy profit or a nice monthly residual income.

Things are really different now; lenders (the few that are left) require a 50-75% deposit on a purchase, a squeaky clean impeccable credit history and for the buyer not to be over exposed. So if you have, say, a few properties, you may be considered as a high risk because of the fear of over exposure (particularly as property prices are steadily going down in value) resulting in negative equity.

So let’s take a look at a scenario. Let’s say you want to purchase a property on a Buy To Let. The property costs £250,000, a deposit of between £62,500 and £125,000 will be needed. You may if you are lucky get a positive rental cash flow of £100 – £150 per month. Ahem, excuse me if you had a spare £62,000 or £125,000 lying around I’m sure you would put it to a much better use than to invest it for a measly return of £100 per month.

So the question is, what should one do?

Is there another way to make money in UK property in this current economic down turn?

What about buying a property, (since the prices are low at the moment), doing it up, renting it out for a few years and then selling it when the prices go back up?

Well, in theory that could work but property prices will most likely go down further before they go up. Economists are saying that even when the prices go back up they would perhaps only return to the prices of 2007, not only that it could take another 7 years before that happens anyway.

What can we do in the meantime?

Surely there must be another way?

Is there another way?

The answer is yes!

One must find buyers, buyers who are prepared to buy UK property regardless of the economic climate. Buyers that are in the property game for the long haul, buyers who are prepared to sit it out for better times.

Simply find these buyers, ask them what they are looking for and find it for them.