Monday, November 30th, 2009 at
6:47 am
Monday, November 30th, 2009 at
6:47 am
The debt woes at Dubai World are the latest blow to the emirate’s property market. But the tale of Dubai real estate’s decline is already a long one, stretching back…
Original post byClick hereandPropertyMagnate.com
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Miscellaneous
By propertymagnate.com
Monday, November 30th, 2009 at
6:47 am
Dubai has huge issues at almost every level with Shiek al Maktoum looking like he will not stand behind the companies…
By news.assetz.co.uk
Monday, November 30th, 2009 at
6:47 am
Evidence is growing that the worst is over in the recession-hit property market following a string of cautiously optimistic assessments from the UK’s leading…
Original post byClick hereandPropertyMagnate.com
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Miscellaneous
By propertymagnate.com
Sunday, November 29th, 2009 at
6:31 pm
I recently passed my real estate sales person exam, and now I am on the hunt to find a company to work for. Like any body in the real estate game I want to be successful and I want to learn a lot. How do I find that perfect company to work for, or can someone recomend a company. I live in Chicago.
Sunday, November 29th, 2009 at
6:20 pm
Owing a home is a big part of the American dream. But not everyone is fortunate enough to become a homeowner due to delimiting factors such as insufficient income, bankruptcy, bad or no credit, loss of employment, etc. For people with such troubles, owning a home is a distant dream and some of these people resign themselves to a lifetime of renting. But such people are not without options. Rent-to-own, which is also known as a lease-purchase option, can be an excellent alternative available to some people who are currently unable to buy a home.
A rent-to-own or lease-purchase option is an agreement between a prospective home buyer and a home seller. The agreement is basically a rental contract with a right to purchase the property after a period of time (usually 1 year). When a home seller offers a lease-purchase option, what they are really offering is the option to rent the house at some monthly rate, and to lock in the sales price of the home now, even though the prospective buyer would not actually purchase the house until a later time (if at all).
Here is a hypothetical example. Let’s say the monthly rent for a home is $1700. Under a lease-purchase option, a prospective buyer would rent the home for the $1700 a month, but would also pay an additional premium (e.g., $200-$300) every month for the option to buy the home after a period of time (usually 1 year). So in this example, the total monthly rent is actually $2000, but $200-$300 of the money will be applied toward buying the house at a later time. In other words, the home seller would apply the $200-$300 extra paid every month toward the prospective buyer’s down payment at the end of the year.
The good news for prospective home buyers is that it allows them to lock in the purchase price of the home now, even though they are not purchasing the home until a later time. The bad news is that if a buyer decides not to purchase the home at the end of lease term, the seller often keeps the premium amount paid over the year, although this is usually a point of negotiation.
Prospective home buyers should know that many of the terms described above are negotiable such as how much the monthly rent will be, how much extra has to be paid every month for the option fee (if any), the length of the lease term, etc. The other issue to consider is if it makes sense to lock in a home purchase price now in markets where real estate prices are still declining.
When compared to renting, a lease-purchase can be an attractive alternative because it gives prospective buyers an opportunity to own a home before they normally would be able to. There are some advantages to a lease-purchase option such as:
1) Low or No Initial Down Payment. Many lease-purchase options do not require an initial down payment.
2) Equity Advantage. At the end of the lease term, the value of a home may have appreciated over time, which benefits the purchaser.
3) Living Experience. Prospective home buyers have the opportunity to try out a home and neighborhood before purchasing the property.
4) Leverage Advantage. With just a small investment, a prospective buyer can control a property; yet still have the option of not buying the home if market conditions don’t warrant it.
Rent-to-own or lease-purchase option can be an effective strategy to home ownership. However, there are both positive and negative aspects to this type of approach (as described above). A good real estate agent can help you navigate the complex world of rent-to-own and lease-purchase option properties.
Sunday, November 29th, 2009 at
6:40 am
#france #realestate Restored stone farmhouse set in 2.5 acres (1ha) of land with outbuildings including stable, lov… http://bit.ly/87oSEB
FPStweets (France Property Shop) says: #france#realestateRestored stone farmhouse set in 2.5 acres (1ha) of land with outbuildings including stable, lov…http://bit.ly/87oSEB
#france #realestate Renovated stone house, this beautiful property has 130m2 of living space in good condition. http://bit.ly/555dEd
FPStweets (France Property Shop) says: #france#realestateRenovated stone house, this beautiful property has 130m2 of living space in good condition.http://bit.ly/555dEd
#france #realestate Detached house with 400m2 garden and a covered terrace. http://bit.ly/6vJior
FPStweets (France Property Shop) says: #france#realestateDetached house with 400m2 garden and a covered terrace.http://bit.ly/6vJior
#france #realestate Beautiful old stone presbytery set in a third of an acre (1300m2) of grounds with a swimming po… http://bit.ly/6905aK
FPStweets (France Property Shop) says: #france#realestateBeautiful old stone presbytery set in a third of an acre (1300m2) of grounds with a swimming po…http://bit.ly/6905aK
#france #realestate Detached stone house and swimming pool with terrace, set in half an acre (1,000m2) garden, larg… http://bit.ly/6Skqac
FPStweets (France Property Shop) says: #france#realestateDetached stone house and swimming pool with terrace, set in half an acre (1,000m2) garden, larg…http://bit.ly/6Skqac
New #RealEstate Listing http://www.JoeyMarino.com 4.0BR/2.0BA 824 Valley Dr #Amherst, OH 44001 $187500 http://bit.ly/33jdDL
NEOhioHomes (@joeyda3rd) says: New#RealEstateListinghttp://www.JoeyMarino.com4.0BR/2.0BA 824 Valley Dr#Amherst, OH 44001 $187500http://bit.ly/33jdDL
Sunday, November 29th, 2009 at
6:40 am
Burris Computer Forms® announces Printable Hangers with Detachable PostcardsTM, a new addition to its Printable HangersTM product line. (PRWeb Nov 28, 2009)
Read the full story athttp://www.prweb.com/releases/2009/11/prweb3251804.htm
Original post byClick hereandPropertyMagnate.com
Tags
Miscellaneous
By propertymagnate.com
Sunday, November 29th, 2009 at
6:40 am
The James Chicago is running a 2009 Cyber Monday hotel special. Visit The James online at jameshotels.com on Monday November 30 and purchase “James Credits” and get double credits of equal value at no additional cost. James Credits are redeemable for guest rooms, at David Burke’s Primehouse, Jbar lounge and James Lobby Bar. (PRWeb Nov 28, 2009)
Read the full story athttp://www.prweb.com/releases/2009/11/prweb3270284.htm
Original post byClick hereandPropertyMagnate.com
Tags
Miscella
By propertymagnate.com
Saturday, November 28th, 2009 at
6:34 am
#RealEstate 55 East End Avenue ($600,000): 1 bed
1 bath &.. http://bit.ly/8D0qzS
#Real_Estate
__RealEstate__ (Real Estate New York) says: #RealEstate55 East End Avenue ($600,000): 1 bed
1 bath &..http://bit.ly/8D0qzS#Real_Estate
#RealEstate NO TURKEYS HERE! 250 MERCER STREET APT. C-504 ($599,000):
1 bath &nb.. http://bit.ly/8gU6Oi
#Real_Estate
__RealEstate__ (Real Estate New York) says: #RealEstateNO TURKEYS HERE! 250 MERCER STREET APT. C-504 ($599,000): 1 bath &nb..http://bit.ly/8gU6Oi#Real_Estate
#RealEstate NO TURKEYS HERE! 250 MERCER STREET APT. C-507 ($475,000):
1 bath &nb.. http://bit.ly/4pnd3r
#Real_Estate
__RealEstate__ (Real Estate New York) says: #RealEstateNO TURKEYS HERE! 250 MERCER STREET APT. C-507 ($475,000): 1 bath &nb..http://bit.ly/4pnd3r#Real_Estate
#RealEstate #newyork 2 BR $6,500 Time Warner Center: Time Warner Center.. http://bit.ly/75XGVI
#Real_Estate #nyc
__RealEstate__ (Real Estate New York) says: #RealEstate#newyork2 BR $6,500 Time Warner Center: Time Warner Center..http://bit.ly/75XGVI#Real_Estate#nyc
#france #realestate Country Cottage, guest apartment and outbuildings, with 12ha of land 3ha of which surrounds the… http://bit.ly/7uu5gZ
FPStweets (France Property Shop) says: #france#realestateCountry Cottage, guest apartment and outbuildings, with 12ha of land 3ha of which surrounds the…http://bit.ly/7uu5gZ
#france #realestate Perigourdine style stone house, swimming pool and guest cottage, set in 20 acres (7ha) of land. http://bit.ly/6kNSMj
FPStweets (France Property Shop) says: #france#realestatePerigourdine style stone house, swimming pool and guest cottage, set in 20 acres (7ha) of land.http://bit.ly/6kNSMj