Posts Tagged ‘market’

When looking at an investment, it is important that you consider its commercial property market value. Market value is a very slippery term, and can differ widely depending on how you compute it. Opinions of marketable value can vary greatly. The realtor may think a location has a certain value, but the appraisal might be completely different.

If nobody is willing to pay the amount you have placed on a property, then that is obviously not its true business worth. Additionally complicating things, you can expect the projected business worth to change almost constantly.

Generally, the market value can be defined as the maximum amount that a property will sell for in a “regular” transaction – with both parties fully informed and knowledgeable, and no outside issues affecting the transaction.

Frequently, though, if someone is buying real estate, they have a variety of factors affecting their decision, and a lot of different mental processes that lead them to the final decision. The best real estate agents are able to fully understand these mental processes to facilitate smooth transactions between the buyer and the seller.

But if you are not dealing directly with a buyer, you will have to do your best to estimate the commercial property market value. You can use a number of tools to do this for you.

In fact, many companies offer property analysis services that will tell you how likely an investment is to make profitable returns. They will require some basic information about the property, and you may have to find out some information about the local real estate market, but once you have that information, the process will be very easy.

You can quickly determine if a commercial property market value will lead to returns on your investment, or if the demand is too poor to merit investing.

While it is impossible to get an exact amount that will guarantee a lucrative sale, it is definitely worth it to attempt to estimate a figure.

Once you have a basic figure that you expect to earn from a commercial property, you will be able to plan the future of your investments more accurately. Whether you earn more or less than you expected, you are still likely to make a profit near your estimate.

This is very helpful, particularly if you want to decide what you will be doing with the returns on an investment – i.e. if you decide to re-invest the money into different properties.

If you want to get into the real estate business, you should carefully plan how you are going to figure out the commercial property market value of your prospective investments.

You can estimate it on your own, or you can pay for expensive appraisals on properties that you haven not even decided you want yet. Or, you can use a property analysis service, and make it easy to estimate the commercial property market value.

You can use formulas, software, guides, and any other tools that are offered. It makes the process easier, and it definitely pays for itself.

Visit www.CatchTheNewWave.com for more info. Conway, Aynor and Myrtle Beach SC Real Estate Market Update. Also, as an extra bonus for watching, I will be giving weekly red hot deal alerts at the end of the video. This will be one or more new listings that have just hit the market during that week and are amazing deals.

Visit www.PhilDeCarolis.com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias’ next cyclical inflationary real estate bull market.

Visit www.PhilDeCarolis.com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias’ next cyclical inflationary real estate bull market.

Visit www.PhilDeCarolis.com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias’ next cyclical inflationary real estate bull market.

The credit crunch has forced many people in the UK to divest themselves of some of their assets. This is a normal reaction to a declining market. But what about those property investing entrepreneurs who have chosen to hold on to their investments, are adding to their portfolio and are even taking advantage of the credit crunch? Why are these investors acting differently from the many others in the midst of a so-called gloomy outlook?

Holding on to your property

It isn’t surprising that many property investors have wisely opted to hang on to their properties in spite of a slowdown. Property is regarded as the best option for long-term capital growth and it provides an opportunity to earn long-term profits especially for those who buy in the right place at the right time. Over the long term, property prices have the tendency to move in cycles with property doubling in value generally every seven to ten years. This means that an investment property such as a buy to let investment property can be a prudent choice as long as it’s selected carefully and with expert guidance.

Also, the present buyers market has resulted in less confident banks and fewer suitable mortgage products for borrowers. Due to this, the number of potential buyers has considerably declined. This means that a property may not sell unless the owner prices it way below market value. Selling in the current market also poses a few disadvantages such as agents’ fees, solicitor’s fees and capital gains tax for those who own the property as a 2nd home or investment property.

Adding to your portfolio

Many investors have found that the present market is a good time to add to their portfolio. This is because of the glut of affordable properties being put up for sale in the market. Auctions in particular are good sources of cheap properties such as repossessed homes that can be acquired for as low as 30% below market value. As part of a smart property investing strategy, the key to making a good investment is to acquire properties at BMV prices. It doesn’t only provide enormous profits. It’s also the secret to obtaining little or no money down financing – an excellent strategy for investors looking to expand their portfolio.

A buy to let property is considered a good addition to a property portfolio. Buy to let has been viewed by many as a stable and resilient market because of the considerable returns it has generated. One important aspect about the buy to let industry is that the rental market is predicted to remain strong due to robust demand from tenants and from young professionals who have decided to forgo making a property purchase until a later phase in their lives as a result of the scarcity of mortgage products available for them.

Taking advantage of the credit crunch

While a credit crunch is extremely unfavourable for many, benefiting from it isn’t an improbability. As bad as it may sound, the economic downturn still poses a number of opportunities for the property investor. One is that you can take advantage of the competitive rates being offered by pursuing alteration plans for your property. The slowdown in the economy means that people will consider remaining in their current homes for a longer period which means that owners will be inclined to implement improvements on their properties.

Therefore a decline in the property market doesn’t have to be all doom and gloom. As long as you know how to play your cards right and implement effective property investing techniques, you’ll be able to survive the current property market.

The Spanish property market is facing one of her toughest crises; but can the Mallorca property market steer clear of the eruption? This question is of acute importance to many UK property investors, especially if the trends of the Mallorca property scenario are analysed. It is apparent that the British top the list of Mallorca overseas buyers. The stated trend is not true just because celebrities have opted to buy property on this largest Spanish island and have therefore added to the hype, but also because the island is mesmerizing, easily accessible, the tourist inflow is high, there are low cost airlines for all important routes, and Mallorca property businesses have been yielding decent results for investors. What more could one ask for?

There are regions in Mallorca which are really expensive, for instance the south west corner of Mallorca, which happens to be the most developed, carries with it a pricey tag. Perhaps the golf courses, infrastructural developments, year around lively atmosphere, together account for the variance. But if Mallorca property is this expensive and despite the downfall as evident, yet it remains at a high cost, would it really make sense in investing in property now?

The answer to this question is partly there in the lines above. Prices have decreased in areas, but high end properties have not witnessed a steep downfall. The impact of the global property crisis in case of Mallorca property has not been universal. Although there are areas that have been adversely affected, especially those at the lower end of the market, there are regions, which have managed to breathe, despite the suffocated Spanish property scenario. This has been substantiated by an analysis report released by Engel & Völkers. As per the report, the south west is proving the most resilient market, while the north east is benefiting from the completion of the Palma – Manacor highway.

One of the reasons that Mallorca is overall riding the credit crunch is because Mallorca property market displayed an equal balancing act with its properties. In other words, Mallorca has not had an abundance of buildings for sale, as supply has matched demand, but, the stated is not true for all areas because there are regions that have suffered the blow. Low and mid range constructions have been affected, essentially on account of the bust of construction market. However, if analysed well, this downfall and thus the obvious competition, proves to be an opportunity for many buyers, who could not earlier invest in Mallorca property market. For example: inland Mallorca can now be considered as two new golf courses are close to completion, the Palma to Inca motorway is already completed and overall the road system is being developed at a rapid pace, thereby making the interior of Mallorca easily accessible. Palma flats and apartment zones are also complying with new building regulations.

While all can make most of this opportunity, cash buyers are the ones in the most privileged slot. Credit squeeze, low income balances and other such negative variances have ensured that if a buyer is willing to pay in cash, the seller is willing to negotiate to once unthinkable levels. However, before investing your valuable wealth in Mallorca property, do take time to analyse the region and your property choice as well. Precise property valuation will not only assist striking a balanced deal, but it will also be a prudent step towards a profitable investment.

Buying an overseas property is an exciting time for anybody, however, when you are buying a property from the Mallorca property market it is always advisable to seek legal advice from a bilingual solicitor.

If there is one thing that is sure in the real estate business, the condition of a property affects its worth to a buyer. With a home that is even slightly in disrepair the market value may drop significantly.

I’m not necessarily talking about things that obviously affect the value of your home, such as its structure or insurability. Those are factors that can’t be seen, and although they do affect the value greatly, they don’t always affect the way a buyer views the property (note: if you do know about structural problems you should have them fixed to avoid lawsuits).

What I am suggesting is that the way your home looks, when it goes on the market, greatly affects the perceived value to the buyer. It is often the details, or the little things, that greatly affect the price you can ask for your home.

If you need an idea of what perceived value means, picture it from a buyer’s perspective:

Let’s say you have listed your home for $299,000. That price comes from comparing it to similar homes in the area.

When the buyer is walking through your home though, they see leaking faucets, a roof that needs shingles, faded paint on the walls, and a mess in the living room. From the buyers perspective you may have just taken $50,000 out of the price.

The home they just looked at up the street was the same price, and it looked to be in much better condition. The landscaping was nicer, the house itself seemed to be in good repair, and it didn’t need all that work.

If your budget was $299,000 which one would you choose?

Fortunately, it isn’t difficult to get your home ready for sale. Unless your home is in need of major repairs, it doesn’t necessarily have to cost a lot either. Sometimes the market value is in the details. Here are five steps to take to increase the market value of your home.

1. Fresh Paint: Although a fresh coat of paint may only cost a few hundred dollars if you do it yourself, it adds many times that to the value of your home. Paint may seem like a simple issue, but faded paint tends to make a home look dirty and dingy.

2. Make Sure Everything Works: A burnt out light bulb, may be just that to you. To a prospective buyer, though, it is an electrical system that doesn’t work. That burnt out light bulb just took $5,000 out of the offer they were going to make. Make sure your electrical, heating, and plumbing systems are all in working order when trying to sell your home.

3. Cleanliness Matters: Just like a bulb was perceived as poor wiring, a dirty carpet may be viewed as needing a replacement. Take the time to clean your home while it is on the market.

4. Cut the Clutter: If you have three couches in your living room, to you it may be functional. To a buyer you have just made the room look three sizes smaller. The same holds true for other rooms, and your countertops. Cut the clutter by getting rid of unnecessary items in your house.

5. Make it Available: One mistake that can affect the way a buyer perceives your home, in a big way, is not making it available to show. Many people run on tight schedules. If you can’t make your home available to show on their time – you may have just taken all $299,000 out of the price (lost the sale). If you’re serious about selling your home, make the times agents can show it to prospective buyers flexible. This is best accomplished by installing a electronic MLS lockbox. When someone opens the box to obtain the key, your Realtor will be able to see all information about who opened the box and at what time via the Internet. The days of the unsecured combo locks are gone!

Commercial property  investors received another battering  as a raft of bearish forecasts and store closures poured more gloom on the retail sector.

As the numbers of retailers closing their doors,  moved from a trickle to a steady flow, store closures were forecast to rise by 27,000 by the end of February, leaving one in 10 outlets across the UK empty.

Experian, the market analysts, says a combination of store disposals, administrations and branch rationalisations would see the vacancy rate jump from 7% to 15% by the end of the year, a record level.

Meanwhile, property consultants King Sturge forecasts that commercial property values could fall a further 15% in 2009, after a 25% drop in 2008. Office space will be the hardest hit, says King Sturge, suffering a 50% drop in value from its peak, followed by retail at 40% and industrials at 35%.

The sector’s downturn has hit the performance of UK commercial property funds, with the average fund in the Investment Management Association (IMA) Property Sector recording a 30% loss in the past 12 months, according to Lipper.

This has affected sentiment, with retail investors taking a net £117m out of property funds in October, according to the IMA.

But some are bravìng the gloom . Fidelity International claims that the next 18 months “will offer the best opportunity to acquire commercial real estate in a generation”. Its veteran stock picker, Anthony Bolton, said in early December that although capital values still had a long way to fall, sector yields, which were about 6.5% at the time, were “attractive”.

“Instead of cutting their losses, current investors should sit tight and take a medium to long-term view as we believe there will be a turnround in the next 12 to 18 months,” says Gavin Haynes, investment manager with Whitechurch Securities, the financial advisers.

One of the sector’s biggest funds, Aviva’s £1.9billion Investors Property Investment, formerly the Norwich Property Trust, expects more pain in the short term, but says prospects are very favourable over the long term. “We see 2009 as a good opportunity, if not an unprecedented opportunity, to buy at exceptional value,” says David Skinner, strategy and research director with Aviva Investors.

Skinner says gross initial yields for the sector are likely to have risen to about 7% since Bolton’s comments.

But some advise against a hasty return to commercial property funds. “It might be tempting to improve yield, but it’s too soon to move back,” says Mark Dampier, investment director with Hargreaves Lansdown. “Anything that requires credit is going to have a hard time and we are going to see more spaces for rent and more defaults.”

Brian Dennehy, managing director of Dennehy Weller, agrees that it is “too early” to return to equity-based investments in property and expects a recovery won’t be felt uniformly. “Those funds more closely correlated with the stock market, such as Reits, are more likely to pick up sooner, compared with funds that invest directly in bricks and mortar,” he argues. “Property share funds have taken a bigger battering, but the way the cycle works, they will bounce back much faster and further than bricks and mortar.”

Although this week’s forecasts have shed more gloom, some fund managers say they won’t be making drastic changes to their portfolios.

“The way to get through this is not to juggle allocation and jump from retail to office and back,” says Don Jordison, joint manager of Threadneedle’s £32million UK Property Fund, which has held 55% in cash for the past 12 months and is one of the sector’s best performers. “Our strategy has been to diversify from risk. We don’t invest in trophy assets, and avoid property developments.”

About UK Business Property

Whilst there are more than 20 portals covering residential property in the UK the commercial property market remains relatively unserved, with no site having a majority share of the total available commercial property listed. The internet has taken a significantly greater share of all advertising spend each year as it continues to prove that it is the most effective medium for advertisers to reach their audience.

Traditional estate agency methods remain quite successful in reaching the local market around a property, but do not capture leads from the national and international markets at all well. With increasing mobility of populations and business in the global village, it makes sense to expose commercial properties as efficiently as possible to the whole market. In 2006 there were 6 million searches (based on figures from Yahoo Search) made on the internet in the UK for commercial property of all types. Many of these searches will be fruitless as major search engines do not expose many of the available properties at present.

UK Business Property aims to change this by offering commercial agents important incentives to bring all their properties to the whole market. By linking to UKBP agents will bring more traffic to their websites. For agents who do not yet have a fully featured search on their website UKBP offers it’s advanced search functions free of charge, in an easy to implement solution. The advantage is that you keep your visitors on your site and build your brand in your local market, while receiving leads from a national and international audience.

UKBP is committed to supporting agents, with advantageous Agency Terms and a profitable opening offer to it’s Founder Members, who Register and upload their properties before 28th February 2007.

The Phoenix residential real estate market represents a great opportunity to individuals, families, and investors who are weary about the stock market and are realizing that their investment portfolios are too exposed to fluctuations in Wall Street.

By now, the reality has sunk in with most people – the stock market’s decline has hit 401K and other retirement investments hard. As a result, this is a critical time to for individuals, families, and investors to rethink diversification of their portfolios again. Portfolios need to be more highly diversified than ever before.

And it’s time to rethink real estate as one component of your diversification in the future in addition to stocks, bonds, commodities, international investment, and low-risk savings instruments, to name a few.

Wall Street, Main Street, and My Street, and Real Estate

There is no doubt that the goings-on in the real estate industry are intermingled with the market challenges that Wall Street is facing, which in turn impacts Main Street and “My Street.” But the issues with real estate largely emanated from the many corporations that make up Wall Street combined with lack of government oversight and inaction. Lack of personal discretion also contributed to the problem.

Having said that, here is why real estate should be a component in your investment portfolio once again, and why the Phoenix real estate market is an excellent choice for investment to help you diversify that portfolio.

First, due to the wave of foreclosure-related properties, prices have declined to 2004 and even 2003 pricing levels. This is pricing that is pre-run up. Though there is a risk that prices may drop further, the extent of a further decline may be limited in the short term while the long term outlook gradually gets stronger.

Second, real estate can prove to be a more reliable investment in a normal market environment. Prior to the run-up in home valuations in the second half of 2004 through 2005, annual home appreciation in the Phoenix residential real estate market averaged 5%-6% . Playing the long game as investors should, holding a property for 5-20 years could yield a solid return.

Long term is key here. The investor has to be committed to a lower but steady return on their investment when it comes to real estate. The Phoenix housing market will not likely experience a meteoric rise in valuations like it did again. That’s not to say that there won’t be some opportunities to turn properties fast (whether through acquisition at a foreclosure auction or wholesale, or a flip), but this model will have the high risk that most investors will and should shy away from.

One note here. At least in the Phoenix area, investors have to weigh the merits of investments in homes and real estate by several components to get a true picture of the return on a property. These factors are growth in appreciation, rental income and offsets, tax benefits, and equity paydown and buildup.

Third, real estate is real. You can see it. You can touch it. You can check up on it (if you buy locally). And it will always hold some intrinsic value no matter what happens. If you have a home in Chandler, it is easy to get across the Phoenix area, to check up on an investment property in Glendale. Or, perhaps the investment property you choose is right next door to your home in Tempe.

Fourth, under certain circumstances, real estate taxation on capital gains growth can be minimal. The same cannot be said of many other investment vehicles.

Fifth, an investor has much more control in determining the value of the property. Smart improvements and renovations combined with effective property management can increase the value of the property substantially.

Sixth, the Phoenix area continues to grow. The Valley saw a 2.8% increase in the number of residents here last year. This trend will continue as Phoenix and surrounding areas are perceived as a stable, optimum climate to live and to work. With the decline in real estate prices, this perception will also be reinforced by a sense that Phoenix and surrounding areas are once again affordable.

Finally, real estate can serve a dual investment/personal objective. For instance, an investment in real estate can serve as a later gift for children. Or, it can be utilized as a sort of savings plan for children’s college tuition as a complement to 529s and Coverdell plans. The investment could be a retirement property for later in life. Real estate investments can also be used to create income streams to live off of (when rents and equity buildup eventually turn the property cash-flow positive).

There are numerous reasons to invest in real estate even beyond this list.

Real Estate Has A Role to Play in Your Investment Portfolio

The difficult truth about the stock market is that over the past eight years, the U.S. economy has seen two major disruptions or recessions that were severe enough to have rippling effects for all Americans as seen by the decline in 401K and other retirement savings values. As a result, further diversification of investment portfolios is needed across many different asset classes with a regional focus as well.

Real estate should be one of those classes. Given real estate has seen real substantial pricing declines over the last three years to levels seen before the run-up period, one has to consider that there are real deals in the marketplace for real estate. Coupled with the right long-term outlook and commitment to investment fundamentals, real estate can have a more effectual, countervailing purpose in investment portfolios that can help Americans better weather substantial market disruptions in the future. For investors looking for specific markets that may be worthwhile to investigate, real estate in the Phoenix area is a compelling choice.

Worldwide, consumers are feeling the tightening strangle hold of increased commodity prices, petrol price hikes and the damning effects of the worst global melt down in eighty years, but not all is gloom and doom for the South African economy.

Fortunately we have been relatively unscathed by the collapse of the banking and investment sectors in both the USA and EU, which to a great extent was fuelled by the inordinate greed of a few decision-makers.

<strong>Interest rate cuts on the cards for next year</strong>

The recent announcement by the monetary policy committee of the South African Reserve Bank to leave interest rates unchanged for the second consecutive time in the past four months will, without a doubt, help restore confidence in the flagging property sector and make this the time to invest in property.

That there is a real possibility of an interest rate cut early next year and with recent news via some of the top real estate agents in South Africa that the property market is showing early signs of buoyancy are both very good pieces of news for property owners and prospective buyers.

Although many South Africans may still feel that investing in property is out of their grasp, this is largely not true as there are always ways and means of getting into a sector, and it seems that long-term is expected to rebound to its heady heights of the boom.

<strong>Partnerships back affordable housing</strong>

There have been innovative partnerships between South African banks and local and international finance houses that have added clout and financial backing to affordable housing. In 2007, for example, one local bank forged an alliance with the French Development Agency to borrow €40 million to help prospective buyers with a joint monthly income of R7500 or less to purchase their own homes.

<strong>Lower your sights and buy smart</strong>

Instead of waiting for the opportunity to buy that dream home, lower your sights and aspirations. One sure fire way of breaking the property logjam is to buy a flat or apartment that you can afford.

Although it may not be the perfect home for you and your family, you can always wait for the expected up turn, sell at a tidy profit and re-invest in a more expensive property. In this way you can build up your property portfolio brick- by- figurative-brick.

<strong>Buy to let</strong>

Another way of breaking into the property market is to buy with the intention of letting. The majority of letting agents canvassed recently have indicated the demand for rental property is on the upswing, particularly in the past 6 months.

Landlords are also beginning to see acceptable letting returns, with Gauteng leading the way. Year-on-year flat rentals in Johannesburg and Pretoria ended, on average, 25% higher, far surpassing the 9% consumer inflation growth rate.

The other good news is almost 60% of all rental property is rented out in under a month, making it a very viable investment.

Worldwide, consumers are feeling the tightening strangle hold of increased commodity prices, petrol price hikes and the damning effects of the worst global melt down in eighty years, but not all is gloom and doom for the South African economy.

Fortunately we have been relatively unscathed by the collapse of the banking and investment sectors in both the USA and EU, which to a great extent was fuelled by the inordinate greed of a few decision-makers.

<strong>Interest rate cuts on the cards for next year</strong>

The recent announcement by the monetary policy committee of the South African Reserve Bank to leave interest rates unchanged for the second consecutive time in the past four months will, without a doubt, help restore confidence in the flagging property sector and make this the time to invest in property.

That there is a real possibility of an interest rate cut early next year and with recent news via some of the top real estate agents in South Africa that the property market is showing early signs of buoyancy are both very good pieces of news for property owners and prospective buyers.

Although many South Africans may still feel that investing in property is out of their grasp, this is largely not true as there are always ways and means of getting into a sector, and it seems that long-term is expected to rebound to its heady heights of the boom.

<strong>Partnerships back affordable housing</strong>

There have been innovative partnerships between South African banks and local and international finance houses that have added clout and financial backing to affordable housing. In 2007, for example, one local bank forged an alliance with the French Development Agency to borrow €40 million to help prospective buyers with a joint monthly income of R7500 or less to purchase their own homes.

<strong>Lower your sights and buy smart</strong>

Instead of waiting for the opportunity to buy that dream home, lower your sights and aspirations. One sure fire way of breaking the property logjam is to buy a flat or apartment that you can afford.

Although it may not be the perfect home for you and your family, you can always wait for the expected up turn, sell at a tidy profit and re-invest in a more expensive property. In this way you can build up your property portfolio brick- by- figurative-brick.

<strong>Buy to let</strong>

Another way of breaking into the property market is to buy with the intention of letting. The majority of letting agents canvassed recently have indicated the demand for rental property is on the upswing, particularly in the past 6 months.

Landlords are also beginning to see acceptable letting returns, with Gauteng leading the way. Year-on-year flat rentals in Johannesburg and Pretoria ended, on average, 25% higher, far surpassing the 9% consumer inflation growth rate.

The other good news is almost 60% of all rental property is rented out in under a month, making it a very viable investment.

<strong>The quick guide to buying property</strong>

Rather save for a sizeable deposit before making the purchase. If you buy with an 80% – 100% mortgage bond you can’t possibly expect the rental accrued to cover the costs.

If your intention is to ‘buy to let’, shop around for your home loan – certain financial service providers offer home loans designed especially for ‘buy to let’ clients that take into account potential rental income.

Invest for the long term and focus on building your wealth over time. This will mean that you are not held at gun point by short-term fluctuations.

Remember that you can have a steady income from your property and enjoy the capital growth over time as well.

Visit www.PhilDeCarolis.com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias’ next cyclical inflationary real estate bull market.

Condominiums, townhouses, and even apartments, are some of the most popular types of housing in the Philippines today. Part of what made these popular is because luxurious lifestyle as well as its affordable from houses. However, there are new types of house and lot for sale Philippines which are becoming more and more popular in the market. These types of are known as housing complexes.

New houses in the market
Houses are usually found in the suburbans, which are places away from the city. Although there are still a number of house and lot for sale Philippines in these places, the numbers are beginning to thin, and those that are found near key locations are mostly occupied and not for sale. Because of these, a number of new types of housing where introduced, such as condominiums and townhouses.

Condominiums and townhouses are found in locations near major business districts as well as commercial areas. Above all, condominiums became popular because of its location, which is inside these areas, allowing its residents the luxury of being within walking distance or mass transit distance to their workplaces.

New types of condominiums and townhouses were also introduced which are found in a more secluded area, such as in provinces and in the outskirts. These types of condominiums and townhouses are called condominium complexes and townhouse complexes. However, other than condominiums and townhouses, the typical house have also been known to provide the same lifestyle that condominium complexes and townhouse complexes are known for. These new types of houses are known as housing complexes.

Like the condominium and townhouse complex, housing complexes are also known for their location, which are usually found in the outskirts. Another is its amenities, such as swimming pools, gyms, spas, and recreational areas. Although housing complexes are much more similar to subdivisions rather than condominium complexes, these types of housing are usually pre-built and sold to new home owners.

One advantage of these types of housing, however, is its affordability. Compared to most condominium complexes and more particularly with townhouse complexes, these new types of house and lot for sale Philippines are usually more affordable, typically ranging from P500,000 to a million Philippine Pesos. 
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While the current economic climate might not make many run to the real estate market for their top career choice, for some, it can be a lucrative business. If you’ve decided to enter the real estate business consider the varying specialties that might help you to succeed. You may want to start as a <a title=Commercial eal estate agent at Royal Commercial! rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=http://www.royalcommercialcorp.com/resources/commercial-real-estate-agent.php>commercial real estate agent</a>, someone who specializes in selling <a title=Commercial real estate at Royal Commercial! rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=http://www.royalcommercialcorp.com/resources/commercial-real-estate.php>commercial real estate</a>. You may also consider becoming an appraiser, the person who determines the value of the home being bought or sold; a broker, who assists buyers with the actual transaction; developer, a person who improves land by adding or replacing or fixing up buildings; property management, someone who manages the property for an owner. With all these choices when becoming a real estate agent you are bound to find something that will be the perfect fit.

When deciding whether or not you’d like to do commercial or residential real estate consider these major differences.  Obviously, commercial real estate agent will focus around office space or other types of commercial properties that are mostly income producing. Most homes will simply be by their owners.  Commercial real estate can encompass leasing office space, owning an apartment complex or selling real property to name a few of the areas that you might be working in.

It’s also important to note that the paperwork involved is very different between the two areas of real estate. Residential deals are given much more consumer protection than commercial deals. Disclosures common to residential are not necessarily required. Commercial real estate buyers are going to need to ask about zoning laws, whether or not the area is suitable for their business, among other business decisions. As a real estate agent you’re going to need to have the skills necessary to meet different needs for the consumer.

No matter the type of real estate you decide to specialize in, each requires a different level of skill and a different level of knowledge. The type of person you are going to be dealing with in residential real estate is going to be quite different than the person you might deal with in a commercial transaction. Consider the types of customers you would most like to work with when comparing the two. Consider the types of goals you have and the types of needs you like to meet for others. It can be exciting helping the first time homebuyer discover and purchase the home of their dreams. Does this get you more passionate than helping the savvy business owner find the perfect space for leasing, a space that can help them meet their business needs. While there are two different goals, helping people meet those goals can be very rewarding.

Committing to becoming a residential real estate agent or a commercial real estate agent can be a big step. Determining that you want to go into real estate can be a difficult decision, especially when the current real estate climate is shaky. However, in the end, it can be a very rewarding career choice and a very lucrative one, depending on the type of real estate agent you become and the area in which you live. If you don’t think commercial or residential real estate is the right move then consider the other types of specialties that might be just the right fit. You have to spend a lot of time in your career so make sure that you are making a choice that is going to be in your best interest for the long term.

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