Buy And Invest In Commercial Property

Owning a property is a treasure in itself. Everyone loves to have a house of one own. I also fall under that category. Thus, when I was searching for a better accommodation to live in I looked after the most happening place Gurgaon where I could look for better residential complexes and even fully furnished offices could be bought. Thus, who would love to fall back when one is getting two things at one place and that also in affordable rates, right?

Commercial property doesnt mean to own only buildings for office but other things like industrial property, hotels, malls, medical centers, shopping centers, retail stores, warehouses Garages, farm land and investment in housing societies. By looking at the growing economic condition of India more and more investors are interested in buying properties rather than investing in the market of Gold and silver. Thus, there is more demand of investors in the sector of real estate and India is considered the safest place to do investment as it is said that India promises of higher returns and huge profits.

Buy Commercial Properties India and fly with higher return. This sector is increasing tremendously. Because of the retail boom in the market of real estate in India more numbers of buyers are interested to invest in commercial property Gurgaon. Commercial property NCR is also not far away in the race of buying and selling land. The interest of buyers and investors in the field of commercial property is increasing because of the traditional retail shops; the small complexes of shopping changing their face into multi storied shopping complexes, more popular as malls which they take it as a means of satisfying their taste of luxury at affordable rate. Thus, the development of commercial property and upcoming commercial projects in the sector of real estate is worth trustworthy and solely responsible for the market growth rate in India.

If you too want to invest and buy commercial property India, places such as Gurgaon and Noida then you must be aware of the market value and the goals of that place. Do research well and know the tactics of the market for the any type of property you want to invest your money in whether it is commercial property NCR or property in Gurgaon. Go step by step like at first step do research well and know the market tactics, care about paying down your owners occupied residence, you yourself must be aware about what you want, Understand the real estate market cycle very well, look out for opportunities and reduce your debts if any.

Tips to Speed up the Process of Selling Property

Reports and studies reveal that property investors are increasing at an exponential pace. People residing in different parts of the world invest money in property to earn high returns. Considering the results of these studies, one may think that it is easy to sell a property. But, upon entering the market it can be easily seen that selling a property is not as easy as it appears. A seller has to market his property in the right way to the right people so that deal can be finalized in minimum possible time. People who deal into sale and purchase of property frequently are aware of marketing tactics. And those who are selling property for the first time can refer to the tips mentioned below.ow.

Let People Know – People would come to buy your property only when they know it is up for sale. There is nothing wrong in putting up signboards in your yard. For best results, think of some creative ideas for making attractive signboards.

Paint Your Property with Attractive Colors – In Burlington Vt real estate industry, people believe in the saying – -First Impression is the Last Impression-. If the property does not look good from outside, nobody would bother to enter in and have a look. To sell off your property without waiting much, paint it with bright colors.

Keep Your Surroundings Clean – It is true that one should keep his surroundings clean always but extra care should be taken when you are selling off a property.

Get the Building Repaired – You are no more going to live in that house but still you must get it repaired to get good price for your building. Repairing costs a few hundred dollars but it may increase the value of your property by thousands of dollars.

Run Ads in Newspapers – For quick results, run ads for your property in newspaper. By doing so, you cannot only target a larger audience but get quick queries too. Running ads in newspaper is not very expensive and can be taken help of with ease.

Inform Real Estate Agents About Your Property – Apart from running ads in newspapers, you can register your property with Burlington Vt real estate agents too. Find a list of agents in your area and ask them to bring clients for the building. These agents work on commission basis but are worth trying.

Take Help of Internet – Last but the most popular way is to list Vt real estate for sale on free directories available on the Internet.

Author Bio:-

John Smith has five year experience as a content author in Maple Sweet, Dealing in Waitsfield Vt Real Estate and property in Vermont. Get all real estate business information for Mad River Valley and Mad River Valley at maplesweet.com.

On The New Mortgage Law Of Turkey

Since the new Turkish mortgage law passed on March 2007, the mortgage and real estate markets have continued their growing trends that are mainly driven by lower interest rates; however, this growth is probably just the tip of the iceberg.

The Turkish mortgage law that passed on March 2007 has two important properties that are expected to boom the mortgage and real estate markets in Turkey:

1) New mortgage products :
With the inclusion of the adjustable rate mortgage products, banks are able to transfer some of the economy related risks in their balance sheets to borrowers. In adjustable rate mortgage products, the interest rate is a sum of a fixed margin that is determined by the lender and a benchmark index that is set by Central Bank of Turkey. In May 2007, central bank decided that Consumer Price Index should be the benchmark index for the variable interest rate calculation. In summer of 2007, some banks started to offer various adjustable rate mortgages and these loans, as expected have lower APRs. However, as Central bank’s current records show there is almost no interest in these variable interest loans right now. This lack of interest is probably due to several factors such as: i) the lack of trust in Turkish economy and the fear of a substantial increase in the interest rates even though the economy has been performing fine in the last 5 years without any major crisis; ii) the recent mortgage crisis in the USA, and particularly, the rise in mortgage default rates in the USA and the fact that most of the increases in the defaults were in the sub prime market and adjustable rate mortgages; and, iii) the lack of understanding of the benefits and risks of these new products. We believe that these three reasons are temporary and in the near future, as people are educated about the risks and benefits of these new products and mortgage brokers fill the necessary knowledge gap, the interest in the products will increase.

2) Securitization of Loans :
About six months after the new mortgage law passed, Capital Markets Board of Turkey completed secondary legislations on mortgage covered bonds and mortgage backed securities. With this addition to the law, banks are now able to bundle the loans into securities and take them off their balance sheets. Covered mortgage bonds and mortgage backed securities are debt instruments secured by a covered pool of mortgage loans (or public-sector debt) to which investors have a preferential claim in case of default. These instruments are among the most liquid fixed income securities after the government bonds in Europe. While it is not expected to see the first securitization until early 2008, reduced risk for the banks will cause a significant and sustainable growth in the mortgage market in the coming years.

Expectations for the future

a)The secondary mortgage market will probably trigger a decrease in the interest rates as banks will be able to transfer their risks off their balance sheets and the ratings of the deals in the secondary mortgage market could be higher than Turkey’s sub-investment grade sovereign rating (this has been the case in similar cases).

b)With the secondary mortgage market’s effects, the banks’ competition growth will fuel an already booming housing market. Especially, when the monthly interest rates get closer to 1 percent per month, the volumes will be substantial, as they were earlier. Expected growth in the mortgage market is expected to mimic those in Spain and South Korea as these countries have followed similar paths as Turkey. Sizes of the mortgage market in Spain and South Korea GDP are 50 and 25 percent of the GDP respectively. So it is not inconceivable to expect that Turkey’s mortgage market may grow up to 30% to %40 percent of the GDP from its current share of less than 10%. Note that since Turkey has a very strong ownership culture, the ratio can be even higher.

c)Turkey’s new long term mortgage laws will increase the investment in Turkey. The new instruments that will be introduced with the securitized mortgages will increase the stability and depth of the financial system probably creating a natural cushion for any unexpected events and decreasing the volatility and avoiding the episodes of financial crises that were observed in 2001 and 1994.

d) Enhanced foreign investment in the property market will cause a boom in the property market. Also in addition to real estate market, as mortgages will need associated insurance, it is expected that insurance sector will be a big beneficiary of the new mortgage law.

e) The central bank will have more dominant place in the economy similar to the developed countries.

f)New law will help strengthen Turkey’s EU bid. The Turkish mortgage law will bring Turkey into line with the standards and practices expected from worldwide property purchasers and investors.

In addition to the tangible effects listed above, we expect that there will be very important intangible effects too. For example, in a country like Turkey where ‘future planning’ is measured with months (mostly because of the economic, financial and political crises), just the fact that people are now able to get a loan up to 30 years is an encouraging incident that will probably change the way people plan, invest, spend and save in the future. Since being able to plan for the future is one of the most important requirements of economic development, the additional foresight produced by the new mortgage law may be one of the biggest impacts of the new mortgage law in the long run.

Can You Get More Than One Modification On A Mortgage Loan

A loan modification is nothing more than an agreement between two parties to modify the terms of an original contract. In the case of a mortgage loan modification, the contract in question is a mortgage contract. Since the agreement is between two private entities, the borrower and the lender, the terms of the contract may be modified as many times as both parties are willing to agree to.

Since the answer to the question can you get more than one modification on a mortgage loan is yes, many borrowers have some hope if they are trying to save their home from foreclosure a second or third time.

A persons chance of being approved for a second or third loan modification increases as the time between modifications increases. This means that a person will have a better chance of being approved for another loan modification after a decade from their first loan modification than after a year. This does not mean that a person wont be awarded a second or third loan modification shortly after their original modification, it only means that the borrower will have to have one good reason and one good lawyer to get the modification approved.

One way to avoid the hassle of asking for another modification is not to agree to a first loan modification that doesnt do anything to fix ones problems. For example, if the borrower requests a loan modification and their lender makes an offer to modify certain terms of the original contract, but those terms do not make payments as low as the borrower needs them to be, then the borrower should refuse to accept the terms and should attempt to negotiate via a trained foreclosure attorney. If the borrower accepts bad modification terms, only to turn around and ask for another modification shortly after their first one goes into effect, the lender could use the fact that the loan modification terms have already been agreed to as a reason to deny further requests to modify.

Borrowers who were approved for their first or second loan modification several years ago will have a much easier time being approved for an additional loan modification since there is no guarantee that a person will not fall back into financial trouble once they climb out of it. It is reasonable to believe that a person could lose their job more than once or be affected by an injury more than once.

If a borrower wants to avoid having to go through the loan modification experience more than once over the life of their loan, they are urged to secure the services of a foreclosure attorney who can fight for the best terms possible for the borrower the first time around. If the terms of the borrowers first loan modification make monthly loan payments low enough, the borrower will have to worry less about getting another loan modification in the future if more payment trouble arises. If the lender has already made an offer to modify certain terms, the borrower should have that offer reviewed by an attorney to ensure that the offer serves the best interests of the borrower.

The Riverhouse- 1 River Terrace- Luxury condominium for sale in Manhattan

The Riverhouse , at 1 River Terrace in Battery Park city, is among the greenest luxury apartment buildings in Manhattan, there is however more to this remarkable Manhattan luxury apartment than LEED Gold supportability. Few NYC luxury condos can compare to The Riverhouse ‘s pace-setting mixture of class and potency, and the uninterrupted mix of LEED Gold efficiency and conventional Manhattan luxury has made The Riverhouse one of the most up to date luxury condo lists in Battery Park city. The houses for sale at The Riverhouse offer everything Residents of New York expect from a Manhattan new luxury condo, from spacious floor plans to striking Stream viewpoints, from up-to-the-minute appliances and finishes to luxurious comforts. What sets The Riverhouse except for other Manhattan luxury apartment lists is that it offers all that alongside a handful of energy-saving virility features. The Riverhouse’s unique comforts, which range all the way from a children’s playroom to an ultra-modern fitness facility to a residents-only treehouse ( essentially ), stand as further evidence that, at The Riverhouse, living sustainably does not have to mean sacrificing luxury.

The luxurious apartments for sale at The Riverhouse list among the most sublime flats in lower Manhattan even before their numerous viable features are factured in. Respected designer David Rockwell consulted on the planning of The Riverhouse’s luxury condos for sale, and his steady touch and awareness of detail is clear in every aspect. Kitchens feature sustainably sourced teak cabinetry and state-of-the-art appliances, from Sub-Zero refrigerators and Thermador ranges to Energy Star Miele dishwashers and washer / dryers. Energy-efficient windows offer surprising city points of view, while The Riverhouse’s building-wide air cleaning system and a bunch of built in efficiencies in each unit make sure that the luxury condos for sale at The Riverhouse are as green as NYC luxury condos get. What makes the living experience at The Riverhouse so exceptional, though, is this luxury luxury condo building is equally as lush as it is viable. The expected full-service facilities are all in effect including on-site parking and 20 four hour concierge and doorman, but The Riverhouse also offers facilities that go over and above even what NYC dwellers expect from a luxury luxury condominium in Battery Park city. These include a children’s playroom, landscaped roof terrace, media refrectory, fitness center with indoor pool, nice Yoga studio, round the clock access to an “eco-luxury auto service,” dog spa, and that previously discussed treehouse.

The Riverhouse has outwardly thought of everything and missed nothing, and its mix of supportability and full service luxury makes these studios for sale some of the most desirable luxury condominium lists in lower Manhattan.

Condominium Routine Maintenance

We all know from my first posts that one of many benefits of owning and living in a condominium may be the cozy dwelling along with the fact that every unit proprietor does not should do home performs which might be often seasoned in a single-family property device residing such as restoring the roof, cleaning the garden along with the aspect stroll with the residence, cleaning the pool, and plenty of others. So, who does this house performs if not you?

Living in a condominium differs from that residing in an apartment. Residing during this sort of true estate property, you obtain to benefit from the typical areas it offers. Examples are the swimming pool, health club, gathers space and also a tennis court. In contrast to should you get other true estate house this sort of as apartment which can be a single-family unit, you’ll discover that it really is costly to have your own personal locations just like the formerly talked about.

To maintain the cozy residing, every single unit operator pays monthly. This monthly charge can be a payment for your routine maintenance and utility expenses that happen to be decrease than people expenses compensated for other real estate homes.

As said during the prior paragraph, a unit proprietor pays a monthly fee which money is utilized to the servicing with the typical locations, and to pay out every person inside the constructing which was hired for upkeep and protection work opportunities. They had been employed with the administration from the creating, or perhaps the head from the affiliation of condominium proprietors. Generally, this association takes care with the total within upkeep in the constructing and its floor. Condominium properties have distinct affiliation terms so it is essential for anyone who’s considering buying a condominium to get a clear concept of precisely what will or will not be coated ahead of producing a purchase.

Mostly people who’re dwelling in condominiums are classified as the kinds who don’t like common servicing associated with home ownership. It really is possibly because of their active way of life they don’t possess the time for you to do home upkeep performs. The good news is, they got other individuals to do operates for them, additionally, as being a unit member, you might be not the only real a single to pay for to the utility and servicing charges, it really is every single unit owner’s responsibility to pay for for your servicing from the typical places and almost everything in the building that worries each one of them like the security personnel who supplies defense and security from any achievable damage that could originate from the beyond the creating.

Buying A Leasehold Condominium In Thailand

Foreigners may under the Condominium Act own up to 49% of the units (in floor space) in a condominium complex in Thailand. The remaining 51% of the units must be owned by Thai nationals.

In the Thailand resort areas such as Phuket and Pattaya condo developments and sales are primarily aimed at foreigners. The 49% freehold units in a condo project are the first units to sell, but the remaining 51% units in the Thai side of the condominium are tough to sell. There is no interest from Thai nationals in these tourist resort condos and the remaining condo are often sold under a leasehold to foreigners. In the end part of the condominium will be owned freehold and leasehold by foreigners.

Buying a leasehold condo in Thailand

Whether you buy a condo leasehold or freehold the purchase price remains the same and foreigners often buy leasehold condominiums in Thailand because the leasehold contracts suggest more rights for the leasehold purchaser than is guaranteed and possible under Thai law. Foreigners often do not understand the concept of lease in Thailand.

What is leasehold in Thailand

What a foreigner pays for when he is buys a leasehold condominium is actually rental for up to 30 years. The leasehold contract is and must be read as a rental contract and is governed by the section hire of property in the Civil and Commercial Code. The foreign leasehold purchaser of a condo enters into a tenant-landlord or hirer- lessor relationship, often with the developer of the condominium as the landlord.

As a rental contract the foreigner must consider the following under Thai law:

Voting rights in the condominium juristic person associated with ownership remain with the owner of the unit and not with the leasehold purchaser. If a large part of the condominium is sold under lease contracts the developer of the condo will have a large part of the voting right and control in matters like condo management. Considering that most condos are managed by the developer’s management company common complaints relate to high maintenance and management fees. The selling of leasehold condos disturbs the democratic voting right system in a condominium.

Selling a leasehold condo down the road

As leasehold is a rental, and by law the leasehold purchaser does not have any rights or authority to sell or assign the leased condo. The buyer of a leasehold condo is a tenant and only has the exclusive right of possession of the condo for the term in the lease agreement. The only person with the right to sell the condo is the registered owner and assignment of the lease can only be done by the landlord/owner.

Sub-rent of the condo
A leasehold owner is only allowed to sub-rent the condo if this is agreed in the condominium lease contract. Otherwise the law stipulate that sub-rent is not allowed.

Inheritance of a condo in Thailand

Even though the Thailand Condominium Act in section 19 does not automatically qualify the heirs of a freehold owner for registration of ownership, freehold owners can pass on a condominium by inheritance to another foreigner.

A leasehold of a condominium is a rental and based on Supreme Court ruling this type of contract is terminated upon death of the tenant/ lessee party of the agreement. The lessee or tenant is an essential element of the agreement and under contract law this type of contract is terminated upon death of the lessee. The remaining term of the lease agreement will not pass on to the heirs of the condo. The lease agreement could include a succession clause however this does not offer any guarantee that the remaining lease term is also registered by the owner in the names of the heirs.

Transfer of ownership of the condominium does not break rent under Thai law, death of the lessee does!

Renewal options in the contract

Most foreigners who buy a leasehold condo are mislead by the term of the lease contract created by renewal options. Under present Thai law the renewal option is nothing more than a promise to renew the lease upon expiration of the first registered term after 30 year. Such a promise to renew has only effect between the parties to the contract. Should the lessee die or should the owner die or transfer ownership this contract option is lost. As confirmed by Supreme Court rulings a renewal option has no effect against third parties and do not transfer by law to any transferee owner.

Right to transfer to freehold

Like the renewal option this is a contract right between the parties only. It could be impossible or difficult to enforce. It is not a guaranteed right or option.

Term of the condominium lease contract

Any lease agreement in Thailand cannot exceed 30 years. Any longer term will be reduced to 30 years. The 30 year lease is not a fixed asset, it is a rental contract. As a contract it can be terminated prior to the expiration of the 30 year term, for example breach of contract by the tenant lessee or death of the lessee.

Taxes

As opposed to freehold condos rental or leasehold condos are subject to a rental tax of 12.5% over the actual yearly lease price or annual assessed lease price. This is often passed on in the lease contract to the leasehold buyer.

Before entering into a leasehold purchase of a condominium foreigners should consider the rights associated with lease in Thailand. Some matters can be anticipated if properly included in the contract, some rights included in the contract are not guaranteed and the relation with the owner remains a tenant/ landlord relationship.

Bi-weekly Mortgages Versus Mortgage Accelerators

Bi-weekly mortgages are a good way of saving money on a home mortgage, but a mortgage accelerator is far more effective. Mortgage accelerator systems save far more money than bi-weekly systems.

Every month, most of your mortgage payment goes toward interest, and only a very small amount goes toward reducing the principal. If you could do something that would cause less of that monthly payment to go toward interest, more of it would go toward principal! Is this possible? YES!

How? Use a mortgage accelerator! It’s a method that makes more of your monthly payment go toward principal. If you think this means making bi-weekly mortgage payments, you’re wrong. Real mortgage accelerators don’t change your regular monthly payment but more of it goes toward principal, and less to interest. Basically, you’re earning money on your own mortgage!

Mortgage accelerators are misunderstood but don’t be put off. Not only do they work, but also, using one can cut the time it takes to pay off a 30 year loan to just 10 years, and save you hundreds of thousands of dollars. Banks naturally don’t want you to know this and how much better it is than a bi-weekly mortgage. Actually, bi-weekly mortgages only save about 5 years.

The best mortgage accelerators use the “Australian method”, so-named because it was first used in Australia in the mid 1990’s. Since then, many people in countries around the world have used it with great success. Still, in the USA, it is not well-known. But don’t be put off because it really works and can save the average homeowner a fortune in mortgage interest.

There are several companies selling mortgage accelerators, and some of them charge thousands of dollars. Still, they are all based on the Australian model and so all will work, so you don’t have to spend more than a few hundred dollars.

One of the best values is the Mortgage Magic System.
The Mortgage Magic System lets you use the bank’s money to your own advantage.

Using this System, you will owe less money to the bank each month, and more of your monthly payment will go toward paying down your loan – in effect, making money on your mortgage.

Here’s how it works: you are going to use your regular income to offset your mortgage loan by having your income reduce your mortgage balance. For every dollar of income, you will owe a dollar less on your mortgage.

By using your regular income to offset your mortgage balance, you owe less on your loan. As a result, you owe less interest for the period! But you also need your income to pay bills and pay for my daily needs. No problem, because you have access to it anytime you need it to pay your bills.

If you’re excited about a system that is so much better than bi-weekly mortgages,there’s more. You see, if you can pay off your largest debt (your mortgage) in about 10 years, you’ll have all those extra years where your monthly discretionary income will increase by thousands of dollars each month. You’ll be able to quickly grow your retirement savings over those years, instead of paying all that money to the bank each month!

You think this sounds too good to be true, but it’s not, and there’s absolutely no risk of using a mortgage accelerator. So, if you want to save money on your mortgage with a bi-weekly mortgage system, use a mortgage accelerator instead.

How Rentec Direct Created The Property Management Software

RenTec Direct is headquartered at Grants Pass, Oregon, USA and was established by a group of owners, investors, and managers that became tired of the paper shuffle and lack of suitable software required in managing properties. It took them a lot of research among existing property management software companies. They tried various property management software but none of them has been proven reliable to meet their expectations.

This drove them to create their own version of property management software to assist owners in property management. They hired the best programmers to develop a tailor fit application which precisely met the needs of property owners. Thus was born the RenTec Direct property management software, the rental software that has overcome and dominated all property management software manufacturer in the global market.

Going back to the idea, RenTecDirect was seriously committed to provide property management software that will assist owners in keeping track of the recurring transactions, tenants and vast rental properties. They have come up with 3 rental software that consist of the Rentec for Associations or the association management software, Rentec Pro or the landlord software and the Rentec PM Property Management Software.

These property management software have special features that contribute to making the property management software powerful and functional. These include:

* Online file management. The property management software allows online file storage related to tenants or properties safely and securely.

* Manage other recurring transactions. This comprises utility billing, landscaping or supplemental fees that owners may charge to their tenants and lets the property management software automatically generate charges whether they are at a computer or not.

* Enter and track work orders. Permits tenants to place their own repair requests via the tenant portal.

* Tenant Portal. Allows tenants to login and review their account, make payments via ACH, or submit work orders.

* Easily track bank deposits.

* Shows management reports on property performance.

* Presents stats and graphs of current and historical property performance.

Indeed the creation of the property management software has been a breakthrough in the property management industry.

For inquiries, call (541)-690-8667 or visit

Crm Systems – Helping To Attract And Retain Mortgage Leads

CRM systems, or customer relation management systems, are very useful for attracting and retaining a large number of mortgage leads. As many already know, it typically takes much more effort to gain a client than to keep a client. However, far too many people do not use their time effectively when it comes to lead retention. But by incorporating a few simple methods of marketing automation through various CRM software solutions, you can free up your and your staff’s time while increasing the efficiency and success of your business. Therefore, you will be expending less effort but will still be reaping the rewards.

Although there are a variety of CRM providers available, you will want to make sure to choose one that deals specifically with mortgage CRM. This way, you can be sure that you are using the most relevant marketing methods for this particular industry. The proper way to gain leads and foster good client relationships varies quite a bit depending on the type of business you have. Therefore, making sure that you are using techniques proven to be effective for the mortgage industry is very important. Fortunately, there are many CRM systems that were developed with mortgage leads in mind.

CRM systems are basically a means of sales force automation. This means that many of the repetitive, day-to-day tasks that take up a large portion of you and your staff’s time can be put on auto-pilot. This not only frees up your employees to complete other tasks, but it also ensures that these more mundane, but still necessary, tasks get done quickly and efficiently. When left to be done by employees, some of these projects can go by the wayside, or may not be completed properly or on-time. By using CRM software solutions to do this work for you, you can be assured that each and every lead will be reached in a timely manner.

Due to the fast-pace induced by the internet culture, clients need to be reached and then followed up with immediately. A delay in this process could mean losing a great deal of business. Therefore, using marketing automation as a part of your mortgage CRM strategy will make sure that your name remains at the list of each and every one of your mortgage leads. Everyone wants to have more time while still making sure that their business is successful and CRM systems can make this happen.