After planning to move to a new place for rent, it's time to think of engaging any rental agent in the apartment search. The difficult step of moving with the help of any rental agent is to find a professional agent. It is easier with the help of a checklist to find a professional rental agent.
Services provided
Check if the rental agent belongs to any apartment finding services firms. Often, rental agents who are part of any specialist apartment locator services firms are licensed, highly motivated, customer centric, and with good coordination skills. You can receive many other services related to moving to a new place. They facilitate you to find the right and suitable apartment and help to move without a hassle.
Experience
Experience is the key for professionalism. Finding a right and suitable apartment needs experienced and knowledgeable rental agent. It is necessary to enquire about rental agent's experience in finding apartments, in your specific required locality. A rental agent with adequate experience can guide you correctly in the process of finding a suitable apartment and in moving.
Familiar with Renal Laws
Check if the rental agent is familiar with the rental housing laws. A professional rental agent will provide the required legal information that can help you in singing a flawless agreement with the landlord or at least guide you to a right source so that you can get some legal aid.
Testimonials and Recommendations
Ask rental agents for the testimonials given by their customers. Check for the validity of the testimonials by calling or visiting their customers if possible. Search online for any negative feedback given in websites like forums about the rental agent. Enquire with your friends and family for a rental agent with whom they had a good experience.
Specialist in the Region
It is better to find geo specific rental agent rather than finding agent who deals with a large set of regions. Often, agents who focus on specific region are specialized, provide more information, and help to make the best choice.
Once you find a good rental agent, leave the task of finding a suitable apartment to him and take a back seat. The rental agent can help you out in finding a suitable apartment and in moving into it without any hassle.
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Saturday, August 15, 2009
Property Finder Services Increase
The UK has a unique system that operates when it comes to buying property. Most buyers and sellers go through an estate agent to find the property that they want. However, what many property buyers may not realise is that the estate agent, in essence, acts for the seller not for the buyer. This situation is changing however with the steady rise of property search agents, commonly known as property finders.
Property Finders are people who operate solely on behalf of the buyer, taking your requirements and doing the leg work to find the property that best meets the buyers needs. Property finders are especially useful for people who wish to buy property in a different town, city or country than that of where they currently live.
Property search agents can help take some of the stress out of buying a property and for people interested in finding investment property, those who want to build the property portfolio can greatly benefit from the services of an investment property finder.
Choosing a property finder,means that you are engaging someone to source investment property from your own selection criteria. They can provide you with extensive local knowledge and can carry out negotiations on your behalf should you choose to authorise it.
The ease with which a buyer can purchase a property using the services of a property finder is magnified in a market where the buyer is unaware of the defining factors within a specific area. It is prudent to hire the services of an experienced property finder whether you are building a portfolio of investment properties, buying your own home or moving to a different country or city.
Typically a property search agent will charge between 1-3 % of the property value as a fee for their services. In some cases you may need to pay an up front retainer in order to engage an investment property finder. This up-front retainer, is usually fully refundable. If the property finder service that you are thinking of engaging does not offer a fully refundable retainer, then I would seriously suggest you look for another service provider.
Let's be clear. The retainer is a good faith payment that the provider asks for, so that they may know that you are serious about your property finding requirements. Think about it, if you were to engage someone to search high and low for a suitable property according to your requirements, and they do that only to have you say you were not really looking seriously, they would have done a lot of work for nothing, for a client that is not serious. Charging a retainer, allows a property finder service to weed out those who are serious from those who are not. Some services who work in the higher or commercial property markets, may require larger retainers.
Whether you are looking for residential property or investment property, engaging the services of a property finder can save you time and money. Working with a professional who has the knowledge of the local market, estate agents and who knows what will work according to your requirements, and who has solely your interests at heart is in out opinion, the progressive way to purchase UK investment property, especially in the current uncertain market.
Property Finders are people who operate solely on behalf of the buyer, taking your requirements and doing the leg work to find the property that best meets the buyers needs. Property finders are especially useful for people who wish to buy property in a different town, city or country than that of where they currently live.
Property search agents can help take some of the stress out of buying a property and for people interested in finding investment property, those who want to build the property portfolio can greatly benefit from the services of an investment property finder.
Choosing a property finder,means that you are engaging someone to source investment property from your own selection criteria. They can provide you with extensive local knowledge and can carry out negotiations on your behalf should you choose to authorise it.
The ease with which a buyer can purchase a property using the services of a property finder is magnified in a market where the buyer is unaware of the defining factors within a specific area. It is prudent to hire the services of an experienced property finder whether you are building a portfolio of investment properties, buying your own home or moving to a different country or city.
Typically a property search agent will charge between 1-3 % of the property value as a fee for their services. In some cases you may need to pay an up front retainer in order to engage an investment property finder. This up-front retainer, is usually fully refundable. If the property finder service that you are thinking of engaging does not offer a fully refundable retainer, then I would seriously suggest you look for another service provider.
Let's be clear. The retainer is a good faith payment that the provider asks for, so that they may know that you are serious about your property finding requirements. Think about it, if you were to engage someone to search high and low for a suitable property according to your requirements, and they do that only to have you say you were not really looking seriously, they would have done a lot of work for nothing, for a client that is not serious. Charging a retainer, allows a property finder service to weed out those who are serious from those who are not. Some services who work in the higher or commercial property markets, may require larger retainers.
Whether you are looking for residential property or investment property, engaging the services of a property finder can save you time and money. Working with a professional who has the knowledge of the local market, estate agents and who knows what will work according to your requirements, and who has solely your interests at heart is in out opinion, the progressive way to purchase UK investment property, especially in the current uncertain market.
7 Reasons Why You Should Buy a Luxury Investment Property
Investment properties are typically looked at as either flips or rentals at the lower end of the financial spectrum. An investor will buy something relatively inexpensively, fix it up and then sell it if the market is right, or rent it out. However, the luxury rental market can be quite lucrative and is often overlooked by many investors. A luxury property can be worth its weight in gold if bought at the right price and in the right location. So, if you're contemplating investing in real estate, or expanding your existing real estate portfolio shouldn't you consider buying a luxury home or condominium?
Luxury holds different meanings for different buyers. It may translate into a home with its own stretch of beach. Or a top-of-the-line condo along the fairway of one of the best golf courses in the world. Perhaps your idea of luxury is a secluded retreat where you can get away from it all. Obviously, there is no set definition for luxury to each and every investor, but there is certainly a difference in terms of location, price and features.
In any given area, the luxury properties will be on the high end of the sales price range. In some small town in the middle of North America a luxury home with all the bells and whistles may cost $400,000. But head on over to the Wailea area on the island of Maui where condominiums are easily found in the million dollar range and luxury properties, especially single family homes, will be well above that million dollar mark.
Of course, it's exciting to purchase a luxury home as an investment property. Doesn't everyone want to add high end homes to their real estate portfolio? But there are more explanations why buying a luxury investment property is a smart move, other than just the "feel good" aspect. Here are seven reasons why a luxury real estate purchase can work in your favor:
1 - Right now is the perfect time for an investor to buy! Real estate is a cyclical industry. Prices go up and prices go down. The market gets hot and properties are selling left and right. And then the market cools. That's just the nature of real estate. And currently, prices are extremely favorable to buyers. Not only are prices reasonable, but many sellers are very motivated and are pricing their homes to sell!
2 - Luxury real estate is a great long-term investment...it does not depreciate to the extent that other markets may. Yes, the market is favorable to buyers at this moment, but over the long run, you won't see the ugly drop in your investment. Meaning, you won't see your property depreciate by 50% or worse. Luxury properties tend to hold their value fairly well.
3 - Luxury properties are flexible! You can purchase it as your upscale getaway and then turn around and rent it out to travelers by the week or by the month. You can even rent it out annually until you plan to retire to your luxury property paradise. But the flexibility is there. Many investors are able to make it work financially buy renting luxury property out on short-term agreements with travelers or locals and then still take advantage of the property themselves.
4 - Luxury rentals are typically treated better by tenants. The reality of renting a property out is that people may not treat the property as you would. However, when you are renting out higher end properties you attract those who will care for the property.
5 - You can see a higher rate of return on a luxury investment property because you can rent it out at a higher rate. A property in a coveted location can demand a higher monthly payment from tenants.
6 - Luxury property is typically quite secure and can bring with it peace of mind. Gated homes or gated communities are the norm for luxury real estate. Depending on the community, there may even be a dedicated security force. Increased security is a great bonus in terms of protecting your investment and keeping you and your tenants comfortable, knowing that extra level of security is in place.
7 - If you own a business or network with other business executives, a luxury rental makes a great reward for business well done, or as a getaway for a business retreat. It can also be used as a perk for exceptional clients.
Imagine everything you could do with a luxury real estate investment! A wonderful place you can call your second home, in a paradise of your choosing. A relaxing getaway and a lifelong investment rolled into one!
Luxury holds different meanings for different buyers. It may translate into a home with its own stretch of beach. Or a top-of-the-line condo along the fairway of one of the best golf courses in the world. Perhaps your idea of luxury is a secluded retreat where you can get away from it all. Obviously, there is no set definition for luxury to each and every investor, but there is certainly a difference in terms of location, price and features.
In any given area, the luxury properties will be on the high end of the sales price range. In some small town in the middle of North America a luxury home with all the bells and whistles may cost $400,000. But head on over to the Wailea area on the island of Maui where condominiums are easily found in the million dollar range and luxury properties, especially single family homes, will be well above that million dollar mark.
Of course, it's exciting to purchase a luxury home as an investment property. Doesn't everyone want to add high end homes to their real estate portfolio? But there are more explanations why buying a luxury investment property is a smart move, other than just the "feel good" aspect. Here are seven reasons why a luxury real estate purchase can work in your favor:
1 - Right now is the perfect time for an investor to buy! Real estate is a cyclical industry. Prices go up and prices go down. The market gets hot and properties are selling left and right. And then the market cools. That's just the nature of real estate. And currently, prices are extremely favorable to buyers. Not only are prices reasonable, but many sellers are very motivated and are pricing their homes to sell!
2 - Luxury real estate is a great long-term investment...it does not depreciate to the extent that other markets may. Yes, the market is favorable to buyers at this moment, but over the long run, you won't see the ugly drop in your investment. Meaning, you won't see your property depreciate by 50% or worse. Luxury properties tend to hold their value fairly well.
3 - Luxury properties are flexible! You can purchase it as your upscale getaway and then turn around and rent it out to travelers by the week or by the month. You can even rent it out annually until you plan to retire to your luxury property paradise. But the flexibility is there. Many investors are able to make it work financially buy renting luxury property out on short-term agreements with travelers or locals and then still take advantage of the property themselves.
4 - Luxury rentals are typically treated better by tenants. The reality of renting a property out is that people may not treat the property as you would. However, when you are renting out higher end properties you attract those who will care for the property.
5 - You can see a higher rate of return on a luxury investment property because you can rent it out at a higher rate. A property in a coveted location can demand a higher monthly payment from tenants.
6 - Luxury property is typically quite secure and can bring with it peace of mind. Gated homes or gated communities are the norm for luxury real estate. Depending on the community, there may even be a dedicated security force. Increased security is a great bonus in terms of protecting your investment and keeping you and your tenants comfortable, knowing that extra level of security is in place.
7 - If you own a business or network with other business executives, a luxury rental makes a great reward for business well done, or as a getaway for a business retreat. It can also be used as a perk for exceptional clients.
Imagine everything you could do with a luxury real estate investment! A wonderful place you can call your second home, in a paradise of your choosing. A relaxing getaway and a lifelong investment rolled into one!
Preparing for the Bank Foreclosure Auction
It doesn't matter if you are trying to purchase a property in order to move into it or if you are doing so in order to invest in real estate, a bank foreclosure auction will give you an excellent opportunity to do so at under market value. With the economic situation being what it is, these auctions are taking place on an increasing number of occasions and you would be surprised with how often you can walk away with a deal. There are a few things that need to be done in advance, however, to make sure that the bank foreclosure auction goes well for you.
The first thing that needs to be done, obviously, is that you must find out where these auctions are taking place. Whenever a property goes into foreclosure, it does become a matter of public record and there are several places where this can be searched locally. Doing it in this way can be rather time consuming and it is a better idea if you join an online service which allows you to search for new foreclosure listings at any time. Simply log in, run your search and find out if anything has been added since your last search.
Another important part of preparing for the bank foreclosure auction is to do some research in advance. This might include getting a local agent who is familiar with the area as well as having somebody inspect the property. Many times, a house that is up for a bank foreclosure auction has been sitting vacant for quite some time, so it is important to make sure what kind of repairs may need to be done and to keep this in mind whenever you are placing your bid.Taking part in the bank foreclosure auction is not something that should simply be done on the spur of the moment. You will stand a much better chance of being happy with the outcome if you take a little bit of time to prepare in advance.
The first thing that needs to be done, obviously, is that you must find out where these auctions are taking place. Whenever a property goes into foreclosure, it does become a matter of public record and there are several places where this can be searched locally. Doing it in this way can be rather time consuming and it is a better idea if you join an online service which allows you to search for new foreclosure listings at any time. Simply log in, run your search and find out if anything has been added since your last search.
Another important part of preparing for the bank foreclosure auction is to do some research in advance. This might include getting a local agent who is familiar with the area as well as having somebody inspect the property. Many times, a house that is up for a bank foreclosure auction has been sitting vacant for quite some time, so it is important to make sure what kind of repairs may need to be done and to keep this in mind whenever you are placing your bid.Taking part in the bank foreclosure auction is not something that should simply be done on the spur of the moment. You will stand a much better chance of being happy with the outcome if you take a little bit of time to prepare in advance.
Purchasing Repossessed Homes for Less
If you have never looked into the possibility of purchasing repossessed homes before, you might be surprised with exactly how many are available and the kind of deals that you can get. The current economic crisis has dumped so many of these homes into the market that the banks are willing to negotiate for extremely low prices in some cases. There are several different ways of purchasing repossessed homes, but there is something that needs to be done first in order to be successful at doing so.The first thing that you need to do when purchasing repossessed homes is to have plenty of time in advance in order to research the property. You need to contact an agent that will be able to tell you about the location of the property, along with setting up any inspections that are necessary to make sure that the house does not need extensive repairs. The easiest way for you to locate these repossessed properties is by searching online, either by county, state or zip code. Being part of a service that allows you to do so will simplify the process.The most common way of purchasing repossessed homes is to wait for them to go to foreclosure auction. After somebody defaults on their loan, foreclosure proceedings are only one step away and once that takes place, the bank will try to recoup their money by auctioning off the house. Being aware of these auctions and preparing for them in advance will give you more of an opportunity of being successful with them.
If the auction is not successful, the bank will repossess the home and sell it through a real estate agent. These REO properties are another way of purchasing repossessed homes and you can often negotiate with the bank for a good price.One other method of purchasing repossessed homes that is used by some people is to actually purchase them from the owner before the foreclosure takes place. When a foreclosure is imminent, the property owner may be willing to sell you the home at under market value, simply to keep the mark off of their credit report. Again, being able to locate these pre-foreclosure properties is the key to being successful in purchasing one.
If the auction is not successful, the bank will repossess the home and sell it through a real estate agent. These REO properties are another way of purchasing repossessed homes and you can often negotiate with the bank for a good price.One other method of purchasing repossessed homes that is used by some people is to actually purchase them from the owner before the foreclosure takes place. When a foreclosure is imminent, the property owner may be willing to sell you the home at under market value, simply to keep the mark off of their credit report. Again, being able to locate these pre-foreclosure properties is the key to being successful in purchasing one.
Real Estate for Investment Purposes
When you are first starting out with investing in houses, you should always look for ugly or bad houses that need a lot of work. These homes are much cheaper to purchase, although they will take some work to improve. You should start out by looking for houses that need some work, such as clean up, painting, and in some cases new carpet. You don't want to buy something too run down, as it could cost a fortune to repair.If you think of yourself as a handyman and feel that you can do the repairs yourself, you can save a lot of money. On the other hand, if you need to hire someone, you should always make sure that the individual or company that you hire is qualified to do the repairs. If you aren't comfortable with doing any of the repairs, you should inquire about a subcontractor or company that will do it for a reasonable price, or perhaps a share of the money once you have resold the house.If the house you are thinking to purchase and resell has any type of structural problems, you should always get an estimate from a reliable contractor before you make the purchase.
If you decide to stay in the business, you'll learn a lot more over the years, although you should always hire a contractor when you first start out. Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.After you have a team together and successfully renovated and resold several homes, you'll begin to feel quite a bit more confident with buying homes that need repairs. All it takes is time and practice - and you'll be buying homes that the average investor wouldn't think twice about. This can be a huge advantage when you are looking for homes to buy and resell, as there will be less competition to worry about. You'll also be able to get a lower price when buying the home, simply because you can use the cost of the repairs to your advantage.
Once you are able to do repairs on homes, including structural problems, you'll have a huge advantage in the market. You'll be able to buy virtually any home, including those that other investors choose to ignore. Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood. After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes. You won't have the money, time, experience, or support to buy the bigger houses at first, which means you won't have any room for mistakes. Once you have purchased and resold a few smaller homes, you'll eventually be able to work your way up to the bigger homes - which is where the big profits will come into play.Always keep in mind that when you first start out, you'll need to take things slow. You can't expect profits to come overnight, as it will take you some time to learn. Once you have been at it a few years and have several houses to your credit, you'll be ready to tackle anything. At that point - you'll make a lot of money in a career that is truly exciting.
If you decide to stay in the business, you'll learn a lot more over the years, although you should always hire a contractor when you first start out. Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.After you have a team together and successfully renovated and resold several homes, you'll begin to feel quite a bit more confident with buying homes that need repairs. All it takes is time and practice - and you'll be buying homes that the average investor wouldn't think twice about. This can be a huge advantage when you are looking for homes to buy and resell, as there will be less competition to worry about. You'll also be able to get a lower price when buying the home, simply because you can use the cost of the repairs to your advantage.
Once you are able to do repairs on homes, including structural problems, you'll have a huge advantage in the market. You'll be able to buy virtually any home, including those that other investors choose to ignore. Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood. After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes. You won't have the money, time, experience, or support to buy the bigger houses at first, which means you won't have any room for mistakes. Once you have purchased and resold a few smaller homes, you'll eventually be able to work your way up to the bigger homes - which is where the big profits will come into play.Always keep in mind that when you first start out, you'll need to take things slow. You can't expect profits to come overnight, as it will take you some time to learn. Once you have been at it a few years and have several houses to your credit, you'll be ready to tackle anything. At that point - you'll make a lot of money in a career that is truly exciting.
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