Can You Invest Your 401(K) Plan Directly Into Real Estate?

Your 401(k) plan (or 403(b) or 457 Plan for that matter) is likely managed by one of the following companies: Ameriprise Financial, Credit Suisse Securities, Deutsche Bank, Edward Jones, Graystone Consulting, J.P. Morgan, Merrill Lynch, Morgan Stanley, Oppenheimer & Co., Raymond James, RBC Wealth Management, UBS Financial Services, or Wells Fargo Advisors. These companies and their financial advisers control most of the retirement wealth in the United States.

Now, ask your financial adviser if you can invest directly in real estate with your current plan. They will probably tell you that you cannot invest directly in real estate, but they have a number of Real Estate Investment Trusts (REITs) you can choose from. Even though a REIT has real estate in its name, it is not an investment in property. REIT is an investment in a fund that obtains its cash flow from investment properties. It is different from a direct investment in real estate.

REITs do not typically let you leverage your investment, which is one of the most powerful forces for creating long-term wealth. Even with an investment in a REIT, your retirement portfolio is likely 70 percent or more invested in various mutual funds, all of which experience stock market volatility. That's neither diversification nor smart asset allocation investing. The Internal Revenue Service will let you invest directly in real estate, but your plan administrator will not. Why? Because they're not set up to handle the administration nor do they earn a commission by recommending direct investment in real estate.

Let me give you an example: Say you have only one asset, $200,000 cash and no liabilities. You decide to invest $100,000 in mutual funds and $100,000 in direct real estate investments, both of which are appreciating at 6 percent per year. The only difference is that you can borrow additional money from a bank to buy more properties. You obtain a 20-year amortizing loan at 5 percent. To be conservative, you borrow only $300,000, so you have a 75 percent loan-to-value ratio. After 20 years, your mutual fund investment has increased to $320,714, while your real estate investment has increased to $1,282,854, an increase of $962,140 over the mutual fund investment. That's a 300 percent increase in value with the same $100,000.

What about the payment of the debt over the 20-year holding period? The mortgage has been paid off by your tenant who operates his business on your property. You get the tax benefits of depreciation and interest write offs, if you've invested personally. If you've invested your money through a Self-Directed 401(k), that money is growing tax-deferred or tax-free, depending on whether you have a Traditional or Roth account.

You think this is unrealistic? The only unrealistic expectation is to think that your mutual fund accounts have appreciated at 6 percent. According to Dalbar, Inc., the average mutual fund investment has gone up on average of 3.27 percent over a 20-year period. The National Association of Realtors, on the other hand, reported that real estate has appreciated in value an ขายบ้าน average of 6 percent over the past 30 years, even with the downturn in the economy that occurred in 2008.

If most financial advisors preclude you from investing directly in real estate, how do you invest in real property with your 401(k) account? The answer is, you don't with your company 401(k) account. The only money you should be investing in your company 401(k) account is enough to get the full matching funds. For instance, if you are making $100,000 a year and your company offers a 4 percent match, you invest $4,000 in your company 401(k) to get the 4 percent match. They do a 100 percent match up to 4 percent of your income. Then you create a Solo or Individual 401(k) account with an administrator/custodian that handles Self-Directed Accounts and invest the rest of your retirement funds in that account up to the $51,000 contribution limit if you're under 50 or $56,500 if you are 50 or older.

So, if you contributed $4,000 to your company 401(k), and your employer matched it with another $4,000, you can contribute $43,000 to your new Self-Directed Solo 401(k) account. If you're 50 or older, it would be $48,500. That amount can be invested each year for you and your spouse, if you have it set up properly. There are no income limits.

Eligibility for a Solo 401(k) account requires two things: (1) the presence of a self-employment activity; and (2) the absence of full-time employees. So you set up a consulting business either as an S-Corporation or limited liability company (LLC) and pay yourself a salary, 100 percent of which can be contributed to your retirement fund. Then you invest in commercial, income-producing real estate investments. It's that simple.

Can You Save A House Deposit In Less Than 12 Months and How?

It is completely possible to save a house deposit in less than 12 months and I am going to show you exactly how you can do it.

Saving for a house deposit can be a daunting task because it is likely going to be the largest sum of money you have ever saved in your entire life. There is a famous quote that says:

"A journey of a thousand miles begins with a single step" or to put it in a more humorous way "How do you eat an Elephant?... one bite at a time". By breaking down your goal of the deposit for your first house into sizable ฝากขายบ้าน chunks it will be more motivating for you to stay the course and save up your deposit.

1. Work Out How Much Money You Need

First you need to work out exactly how much money you need to save. You can work this out by multiplying the price of the house you want to buy by the percentage of the deposit you are willing to pay.

For example if you want to buy a $200,000 house and you are trying to save a 5% deposit then you would need to save $10,000. ($200,000 x 0.05). Be sure to also include costs of purchasing the property (eg. Stamp duty, solicitor fees etc).

2. Divide That Amount By Your Pay Schedule

Now take the amount you calculated above and divide it by your pay schedule. By pay schedule I mean the amount of times you get paid each year. If you get paid monthly it would be 12 times, fortnightly would be 26 times and weekly would be 52 times.

If you needed to save $10,000 and you got paid weekly then you would need to save $192.31 per week ($10,000/52) in order to reach your goal within 12 months. If you got paid monthly you would need to save $833.34 per month ($10,000/12)in order to achieve your goal.

3. Save That Money Every Single Pay

Now comes the hard part. As soon as you get paid you need to put aside that money and DON'T TOUCH IT! This goes against the grain of traditional saving techniques that say "Spend as little as possible and save the remainder".

What you are going to do is save the full amount straight up front and then aim to live off the remainder. Well you aren't even going to 'aim' to live off the remainder you are going to find a way to live off the remainder!

4. Find Ways To Live Off The Remainder and Increase Your Income

Now that you have saved the right amount of money in order to achieve your goal you now have the difficult task of finding a way to live of whatever is left. This is where you need to get creative.

Firstly, find ways to save money. Cut back unnecessary spending wherever possible and save money wherever you can so you current cost of living goes down as much as possible. Then secondly looks for ways you can bridge the gap between the income you have left (after you saved for your deposit) and what you need to comfortably live.

That might be $200/week. So you need to find a way to earn an extra $200/week. Maybe you can get a part time job, get a pay rise, get a job promotion or start a side business? Or possibly you could even sell off some of your unwanted items to help make up that deficit.

It is possible to save for a house deposit in just 12 months. However, it does require you to be diligent in saving and creative in spending.

Can Your Home Inspector Spot Ineffective Smoke Detectors?

Buying a home in the south may be a wonderful new adventure for you. But, before deciding to plunge into a new home purchase, be sure to get the advice of a certified home inspection company. Preferably, you want an inspector with a certification from American Society of Home Inspectors (ASHI) because their inspectors are trained to report on structural and dangerous issues found during a home inspection. It's the kind of things you don't think about, like plumbing, electrical, attics, foundations, ventilation and smoke alarms when planning a home purchase. And, especially if buying a new home in the Southern part of the United States, there's good reason to be concerned about what kind of smoke detectors are in your new home.

In recent years, a local journalist from channel WHNT19 in Alabama did a report on the effectiveness of smoke detectors. In this investigation, two different smoke alarms were tested to see how long it would take for their sounding alarms to be triggered. Since household fires account for thousands of deaths each year in Alabama, smoke detection and house fires are legitimate concerns for homeowners.

In fact, a home inspector should know about the different types of smoke detectors on the market and be trained in which is most effective. For many years, ionization smoke alarms have been considered effective means of protection within a home. According to ASHI vice president, Bill Loden, ninety five percent of all homes in America have an ionization smoke detector. The ionization smoke detector marketing claims to be responsive to hot flames and smoke while the photoelectric smoke detector is considered responsive to smoke only. Inside an aquarium, the test began with an iron placed within foam from an old sofa. In the enclosed aquarium, each smoke alarm was places inches beside the smoldering foam to await reaction time to the building smoke. As time was ticking, they waited to see how long it took for each smoke alarm to react. And, the results were astonishing! The ionization smoke detector took seventeen minutes to react whereas the photoelectric smoke alarm took just under three minutes. In a real life situation, a family asleep in their beds would die from carbon monoxide poisoning and smoke inhalation before the ionization smoke alarm actually triggered.

From this investigation, it's clear to see how valuable it is to know about the equipment within your potential new home. And, more importantly, how a certified home inspector could spot and report on smoke alarms that would, ultimately, be ineffectual in your new home. Moreover, in the home inspection process, a home inspector would advise you of all potential hazards with all structural systems like plumbing, electrical, ventilation, as well as foundation and roof hazards. An ASHI certified home inspector would know the difference between an ionization smoke ทาวน์เฮ้าส์มือสอง กรุงเทพ detector and a photoelectric smoke detector. And, his or her knowledge could be life-saving for your family.

Can You Vote At An Annual General Meting AGM?

Most resolutions will be decided by a show of hands in which each person ฝากขายที่ดิน who is entitled to vote will have one vote. If an owner has more than one unit it the scheme he will have more than one vote, for example, if an owner has 4 units in the scheme, he will have 4 subsequent votes.

Ordinary resolutions are usually decided by this method of voting, unless any person entitled to vote, either before or on the declaration of the results of a vote, demands a poll. If this is the case, voting will have to be decided by a poll based on participation quotas, unless there is a system of nominated values that differ from the participation quotas and is enforced by the scheme. Some developers set out nominated values when establishing the scheme, when this is done every unit pays a set levy or charge regardless of the size of the participation quota.

These values are described in section 23(4) of the Sectional title act and may have been nominated by the developer prior to establishment or in exceptional cases, by the body corporate by special resolution after establishment. Where such values have been set, they will be used for all voting and levy purposes. They must not be confused with nominated participation quotas in combined commercial and residential schemes Nominated values do not amend or replace the participation quotas within a scheme. The only apply to voting and other obligations within the body corporate.

If a body corporate wishes to implement nominated values instead of using the usual participation quotas a special resolution of all the members must be obtained. If a member of the scheme is adversely affected in any way, the member must still agree in writing even if the required percentage vote was obtained. If this is the option chosen, body corporates, developers and trustees should seek expert counsel and advice before attempting to introduce nominated values.

If as an owner you are in arrears with your levies or if you are in breach of the conduct rule, you will be unable to vote regardless of how many sections you might have, but you are still allowed under the management rule 64 to vote on special and unanimous resolution votes which affect the greater scheme. If your unit is owned by one or more person, the joint owners will be entitled to only one vote. This could be in the case where a company or organisation own part of a unit. A managing agent is normally given a proxy vote in this case to attend meetings on behalf of the company to cast their vote.

Most schemes think that the chairman of the trustees has the deciding vote, this is however incorrect. The chairman, like any another section owner is only entitled to the amount of votes he has based on the amount of sections owned.

Can You Afford To Buy A Home? Factoring The Costs Of Buying

Once you start talking property investment and making a purchase it's hard to close the floodgates. Many families and couples start the discussion and end up over-excited, rushing into a financial commitment that they just aren't ready for. Sure, owning your own home is always going to be better than renting, but the huge hit it can have on your income sometimes isn't one that you can manage successfully.

There are a number of คอนโดมือสอง กรุงเทพ factors and costs to consider when buying a home. While you might have something of a down payment ready, are you sure you're ready to take the plunge?

Narrow Down the Neighbourhood

If you want to buy a home you need to know the cost. Start looking at neighbourhoods and suburbs that you're serious about and find out the property sale history for the area. Look for homes similar to your needs and start researching until you find common price trends that give you enough information to go one. Once you know the price you can better assess whether or not you are ready to make a purchase.

Talk to Your Bank

It's important that you know exactly how much you could afford to spend on a property if you went through with the purchase. Talk to your bank about your mortgage options and what they are willing to lend you. Sure, you might think you're ready and prepared to take on the cost of a home loan, but if they don't feel the same way then you won't be making any headway at all.

Figure Out Your Closing Costs

With an estimate of your closing costs, including the taxes, prepaid loan interest, cost of inspections and everything else you'll need to pay if you close on a deal, and the amount you'll need for a down payment you can figure out exactly how much money you'll need to part with upfront to become a homeowner.

It's also a good idea to add in the cost of moving too. Movers can sometimes cost you in the thousands depending on how much stuff you have and, if you don't have a lot of stuff, are you going to need to buy more? An extra three to five thousand dollars is still a lot of money to consider.

Sounding Confusing? Talk to a Financial Advisor

Talking to a financial advisor experienced in property investment can really help. Get an expert opinion on the current state of your finances and make sure your decision to buy is a smart one.

Buying your own home is always a good move. If the market is right and you can afford it, getting out of the rental game and becoming a homeowner is the best way to prepare yourself for financial security in the future. Make sure you can afford the home you want before you buy by factoring in these sometimes-forgotten costs of making a purchase.

Can You Buy a House With the Help of a Credit Repair Company?

Credit repair companies can be seen on advertisements on the radio, on the road side and in the local papers. They are practically everywhere, but what are they exactly and what can they do for you? A credit repair company helps you address and fix problems you have on your credit report. This company has the experience and knowledge that could help you even with the most difficult of creditors.

Can You Afford It? Do You Want To?

This article is geared towards a first time buyer but it can really apply to most anyone when they go to a lender to get prequalified for a mortgage loan. Why? First timers are sometimes surprised at how much they can actually qualify for when compared to what they currently pay in rent, that is if they pay rent at all prior to buying a home.

Can Nick Clegg's Garden Cities Deliver the Housing Needed in the UK?

Deputy Prime Minister Nick Clegg made a definitive statement of support and intent in 2014 to build garden cities in the South and South East portions of England. Modelled around "good life" and sustainability concepts, the planned communities would contain 15,000 or more homes each - a scale much larger than developments currently being built in and around towns and cities.

Can You Afford a House? Why Internet Calculators Are Misleading

Answering if can you afford a house and knowing exactly how much when looking for a new house can be difficult, and it should depend on several contributing notions. While "professionals" might tell you that you can spend 3 times your annual income, how true can that really be if they haven't considered other factors then that? Use the CRISPED System (Credit, Risk, Income, Savings, Plans, Expenses, Debt) to assist you in what to consider before you decide just how much house you can buy.

Credit Score

Your credit score is vital because not only does it determine if you get qualified and approved for the loan at all, but it plays a colossal role in your mortgage interest rate. When looking at the big picture over the life of the loan, a lower interest rate will save you thousands of dollars. In the short run, it will help keep down your monthly payment. A couple hundred dollars on a mortgage payment can be a life saver for some people. If you take the little amount of time to ฝากขายคอนโด clean up your credit, you can likely afford a more expensive home because of the interest savings. Also, if you have the cash, you can buy mortgage points to help with the interest rate. Your credit score is an integral part of the decision process on what you can afford when looking for a new home.

Risk Factor

By risk factor, I'm referring to a number of things that put you're at risk for defaulting on your mortgage. Let's discuss job security first. Consider what industry you belong to, where you are in your career, and the probability you will be in either the same situation or a better one in 5. Some industries are at a big risk for layoffs, while others are not. Is your company working with a technology that could easily die off in the next ten years? Do you have a degree and skills that could assist you quickly getting a new job if suddenly fired or laid off?

Another major risk factor to consider is health. While you can't always know these things a head of time, do you fear you could end up sick with big hospital bills that would put you in a bind? Maybe you're healthy as can be, but your spouse, parents, or extended family is not. The financial burden could end up falling on you in this situation. You should have a mortgage payment that will allow you flexibility if a medical issue occurs.

Income

Plain and simply stated, the amount of money you take home every month is an integral part of deciding how much you can afford for a house. As I mentioned earlier, a common rule of thumb is that your house loan could be 2.5 to 3 times the amount of your annual income. This is not a bad place to start, but it should be adjusted based on all of the other factors in the CRISPED System.

While your annual income is definitely important, if you don't consider your expenses and anticipated lifestyle, it can easily be very misleading. We'll look into that later on.

Savings / Down Payment

The down payment on your new house plays a big role on how much you can afford because it dictates your monthly payment. If you're able to avoid private mortgage insurance, that could save you around $100 a month. If you to have some extra cash to throw down to keep the down payment at 20%, the total cost of the house you can afford could increase. Once you factor in taxes, every thousand dollar on your loan will end up costing you about an extra $7 a month on your mortgage payment. Saving for a good down payment can be tricky, but it's well worth it.

After paying for the down payment on the house and closing costs, you should have enough cash left for a six month emergency plan. Depending on your risk factor, it could be more or less, but six months is a solid number to shoot for because frequently that is how long it can take to find a job if you lose yours. For some individuals, putting away at least a thousand a month for savings or vacation funds is vital so consider that if that's something valuable to you.

Consider your retirement before purchasing a new home. Have you been contributing ten percent of your income to your 401k or IRA? Will a mortgage payment continue to allow you to do this? Worst case scenario you could lose your house, but if you have no IRA (which is protected against creditors) to fall back on, it can be even more financially devastating. You absolutely do not want to find you're in a situation where you're 65, unemployed without a retirement income to depend on, and you still have to find a way to pay your monthly mortgage. The bottom line is fund your IRA and do not let your mortgage payment stop you from regularly contributing.

Plans

Where do you see yourself in 5, 10, or 20 years from now? The longer you live in your home before you sell it, the more equity you will have in your house. Home values tend to go up over significant periods of time, but if you plan to sell in three years, your home value could be at risk to plummet depending on the market. Consider whether your job might expect you to relocate in a year. If you do not plan to stay in your house too long, common sense says spending a little bit less than you were planning to originally is the prudent decision.

How about going back to school for a masters degree? Do you want to have kids in the near future? Will you be paying for your children to go to college? As you can see, mapping out your future financial plans before you get hooked on an expensive mortgage payment you really can't afford down the line is a wise idea.

Expenses / Lifestyle

If your expenses are costly and your lifestyle extravagant, it won't matter if you're making two hundred grand a year. The real concern is the amount you have left after you account for expenses. Do you always have to have the latest gadgets, designer label clothes, and go on expensive family vacations? If you enjoy this type of lifestyle, ensure that your income is enough above your expenses to account for your new mortgage payment or your decisions could be financially devastating.

Even if you don't live an extravagant lifestyle, but you have 5 mouths to feed, you are in the same boat here. Do not neglect to weigh your expenses and life style standards when analyzing how much you can spend on a house.

Debt

The less debt obligations you have, the more cash you will have free every month to put towards a mortgage payment. I recommend paying off any credit card debt you have before buying a house because with high interest rates, your debt can easily snowball. Anything with an interest rate over 8-9% is potentially trouble.

Ultimately, your monthly debt payments should be manageable. If you have a seemingly reasonable $200 monthly installment in student loans, make sure that payment is not going to jump in the next few years. Often, student loan payment schedules are not fixed. However, they will often work with you if you call and talk to the lender. A small car payment and reasonable student loans are not going to kill you, but consider the total amount of debt you have in mind as well.

So Can You Afford a House?

How much house can I afford calculators on the web are aimed towards how much you can get approved at, but they aren't normally an indicator of what you can really afford because they just do not know your own unique situation. Keep incentives in mind because the more money a bank can get you to spend, the higher the amount of interest they'll get through the life of a loan. This is the same principal for Realtors as well. The bigger the price tag of the house a Realtor gets you into, the larger their commission fee. Making a decision solely on what you can get approved for is not a prudent idea. Use the CRISPED System when you start analyzing what you can really afford to spend for a house because ultimately your financial security relies on it.

Can Self Build Help to Overcome a Shortage in the Supply of Properties in the UK?

With the fall in property prices and the credit crunch suppressing demand for property in the short term, everyone seems to have forgotten that the UK is still suffering with a shortage of the right properties in the right areas and available at the ฝากขายคอนโด right price!

However, within the next year or two, as the property market recovers, we will soon see media stories of the shortage of properties available in the UK for first time buyers and smaller one to two people households.

The second issue is that developers and planners can't just work together without involving communities. We've seen the dramatic fall in new homes being built in 2009 - from the average of around 240,000 a year to around 70,000, that's a drop of 71% whereas the general demand for property has only fallen by 50%, suggesting that developers are NOT building properties that people really want. For new builds to be successful in the future, it is essential that developers, planners and the community work together to understand local housing needs and all compromise to ensure people's housing needs are fulfilled.

One option that may help ensure this happens is expanding the self build market. Many people dream of building their own home. Five million people watch Grand Designs every week, but only 15,000 to 20,000 people actually build their own home every year. This clearly suggests a desire to build, but something is getting in the way.

According to BuildStore, the UK's biggest self build company, people want to build their own home because they:-

1. Are not satisfied with the existing supply of houses.

2. Want the choice and control over design and layout.

3. Can choose the location they live, subject to land being available.

4. Are able to gain financially such as becoming 'mortgage free' or investors, building to sell or let at a profit.

5. Can achieve a personal ambition and reward.

6. Have the ability to choose innovative products.

7. Want a more eco friendly and sustainable property.

So how can developers, planners and local budding self builders work together to reduce property supply at a local level? The answer is Custom Build.

Effectively homebuyers would work with developers (and in turn with planners) to use their project management and building skills to build bespoke properties on tracks of land they already own or purchase in the future. According to BuildStore, custom build would work as follows:-

1. The developer would ensure roads/utilities etc are supplied.

2. The developer would offer a full build and project management service, or the buyer could choose to just use their tradesmen.

3. Plots would be sold with either a full building contract, or a contract to build to a certain stage.

4. The buyer purchases the serviced plot from the developer before the build starts either with cash or via a specialist mortgage.

5. Buying in this way means the consumers can have early input into the property's layout, fixtures and fittings, creating a bespoke home.

6. The customer would pay for the land and then pay the developer at each stage of the build.

There are issues with building in this way in that the land and buildings would have to 'work together' from a visual perspective, so if one person wanted the equivalent look of a Grade II Listed building, and someone else wants a 21st Century modern build, the two are unlikely to work side by side.

As a result there may be some initial issues that the planners would have to consider, about what would be acceptable and it's likely that the bigger developers would be less keen to work to this model. However, the small to medium sized developers could do very well out of custom building. They would have to worry less about upfront finance and would instantly be selling 'off plan' a property that someone actually wanted and would pay for in advance a lot more than the normal 10% to 20% deposit.

However, this kind of building isn't likely to kick in until the credit crunch subsides, lenders are happy to lend again and developers and planners come on board to support this new way of working together to satisfy people's demand for property.

To find out more about self build take a look at our Develop and Build section, read our Top 10 Tips about Building a Home and our Guide to Building a Home.  Do you have a property question you want an unbiased and independent answer to?  Call us on 0845 838 1763.

Can Real Estate Investor Training Really Jump Start a Career in Real Estate?

Is real estate investor training worth the effort? You'd like to make money buying and selling properties. Who wouldn't? And you want to start with the lowest possible outlay of your own money. So the idea of taking a training course to get started might not be all that appealing to you.

But if you talk to the men and women who are making a good living investing in real estate you'll find that almost all of them wish they had been able to take advantage of a good training program. The fact is, even the most successful pros became successful through pure determination and a little good luck thrown in. Most of them didn't have the benefit of being trained by experts.

Get Training from the Pros

The real-deal, hard-working professionals who make good money year in and year out will tell you to take advantage of any investor training available, provided it's taught by people that are making a good living in this, and have developed a formula that you can learn and duplicate.

Here are a few things to look for in a good real estate investor training program:

· Is it taught by an experienced professional with a track record for making money?

· Are the instructors teaching you a tested, proven, repeatable process?

· Can they show you how to launch without spending a lot of your own money?

· Will anyone be available to answer questions?

Flipping property is a great way to start making money in real estate without a large upfront investment on your part. A good program should teach you the five critical steps involved in flipping property.

Five Steps For Profitable Flipping:

1. Land a private lender. Work with a private lender so you're not using your own money. There are lots of these lenders currently working with investors.

2. Find good property. Find the best property ฝากขายอาคารพาณิชย์ in your town or neighborhood that fits all the flipping criteria.

3. Use a skilled contractor. Don't plan on doing any repairs on the property yourself. Establish a relationship with a contractor whom you can trust to do the work on time and within budget.

4. Work with a trustworthy broker. Establish a relationship with a broker you trust and who will not work with other flippers in your area. The realtor should be given responsibility for the property launch and for selling the properties for you.

5. Use a reputable title company. Find a reputable title company in your area and establish a committed, exclusive relationship with that one company. They will be responsible for running the closing and handling all funds.

Armed with this information you should be able to locate a solid, reputable training program that will guide you to a successful career in flipping properties.

Can I Build a Home With Stone?

"Can I build a home with stone?" Yes, you can, if you choose to do so. You will be following an ancient tradition of shelter building combined with the modern choice to live in a more eco-friendly home.

Calculating An Affordable Purchase Price

Are you getting ready to buy a home? If so it would be wise to figure out how much home you can afford ahead of time. In most cases a fixed mortgage will become easier to pay as the years go by because you will probably be making more income later on. I am writing this article to help you calculate what you can afford so that a home does not become a burden.

Why should you calculate what you can afford ahead of time?

You do not want to rely on the bank's estimation. They may overstate what you can afford and you will unpleasantly find out later when you begin feeling the crunch of making that monthly mortgage payment. Secondly, you do not want to waste your time looking at houses you cannot afford. You want to begin looking at houses below your price range and work your way up. You may find that there isn't much difference in the houses in the lower price range and you may save a good amount of money buying the lower priced home. Below you will find the calculations needed to determine your price range.

· Figure Out Your Monthly Net Pay - Add up the household's take-home pay after taxes. Look at all the contributor's pay stubs and determine a combined monthly take-home pay.

· Create A Monthly Household Budget - Make a list of all recurring monthly expenses. Include car payments, electric bills as well as grocery bills and insurance bills. If you have any bills that get paid quarterly or yearly, figure out how much you would need to pay monthly for them and include that amount in your monthly budget. Also include new bills you will incur once you own a home in the monthly budget such as taxes and home insurance.

· Determine How Much บ้านมือสอง กรุงเทพ House You Can Afford - Subtract your monthly expenses from your monthly net pay. Make sure to set an amount aside for emergencies. Your formula should look like this:

Monthly Net Pay - $6,000

Monthly Budget - $4,000

Emergency Money - $500

Affordable Mortgage - $1500

Determining how much you can afford ahead of time will definitely save you time and can possible save you money when going through the buying process. It will also make home ownership more pleasant because you will be living with a mortgage payment you can comfortably make. If you are ready to buy a house, make sure to Download my powerful FREE report "How to Buy A Wholesale Deal Without Taking A Bath! ($97 Value) by clicking the link below.

Can I Afford a Mortgage?

There are a ton of benefits to owning your own home but it can be pricey. Can you afford a home? What if you have debt? Can ขายอาคารพาณิชย์ I learn my debt ratio before I apply for a mortgage? Read on to find the answers to these great questions.

How much will I be allowed to borrow?

That's a very good question, we're glad you asked. While the amount you'll be approved for is very specific to your situation, there are a few things that can get you into the ballpark of what your mortgage might look like:

Loan to Value (LTV)is the percentage of your loan compared to the value of the property you're considering. Lenders will only let you borrow up to 80% of a property's value before you'll be required to buy Mortgage Default Insurance (MDI). With MDI you'll be able to borrow up to 95% of the property's value.

LTV (%)= ($ of mortgage loan)/($ of property value)

Assuming you'll be borrowing 80% of the property value gives us another way to look at this is:

$ of mortgage loan = 0.8 x ($ of property value)

How does my down payment factor in?

If your down payment is less than 20% of the property ticket price you'll be required to pay CMHC mortgage loan insurance.

What if I have other debts?

Don't worry, you're not alone. The majority of us carry at least some debt. You don't need to be debt free to apply for a mortgage, but you will need to meet the following criteria:

You'll need to have a Total Debt Service (TDS) Number of less than 40%. TDS is a measurement of how much gross income you make per year compared to the cost of owning your new home plus your other debts. That is:

TDS = (Home expenses + Car Loans + Credit Card Debts + Other Loans) / Gross Income

Also, your Gross Debt Service (GDS) Number will need to be below 32%. GDS is a measurement of your cost of living compared to your annual income, or:

GDS = (Annual Mortgage Payments + Property Taxes + Interest + Condo Fees + Heating) / Gross Annual Income

Whether you are looking at a house for sale, condo for sale or to purchase land you need to know whether or not you can afford it! Becoming a first time home buyer can be scary and carry some risk.

We hope this helps when making the decision to purchase your next property! For more information, contact your local mortgage brokerage.

Can FHA Help Me Buy a House As a First Time Home Buyer With Bad Credit?

Can FHA help you purchase your first home with bad credit? That would depend on what bad credit means to you. FHA has their guidelines. Easier than conventional mortgage, perhaps a little more costly, but it could be your answer to purchasing a home.

Calgary Luxury Home Builders - A Great City To Build A New Home

The largest city in the province of Alberta, Calgary is home to over a million people. Set just an hour away from the Rocky Mountains, Calgary has a reputation for being a town that combines the peacefulness of a mountain town with the pace and pulse of an economically strong city. Due to the large range of financial opportunities, afforded by the prominence of the oil & gas industry, as well as the proximity to such picturesque locations as Banff National Park, Calgary is a city in high-demand, where the real estate market is always competitive, and property values show a steady tendency to appreciate over time.

Whether you've been living in Calgary for years, or are just thinking of moving there, there can be no doubt that a luxury, custom-built home is the best way to experience a city as magnificent as Calgary. Not only is it the ideal way to experience life in the city, it's also a great investment opportunity, given the market trends throughout the city.

Statistics show that Calgary's "bedroom communities," such as Airdrie and Okotoks, grow at an astonishing rate, and are some of the fastest-growing communities in the entire country. Developments on the outskirts of Calgary, as well as in prominent spots ทาวน์โฮมมือสอง throughout the city, bring thousands of new people each year. Building a luxury home is a great opportunity to participate in this cow town's accelerated growth, and to be rewarded both financially and with a great quality of life for your efforts.

There are a lot of Calgary luxury home builders in the city, many of them having moved to Calgary to meet the extraordinary demand. If you're thinking of having a luxury home built, either as an investment or for your own enjoyment, it's important to find a builder that you can work with, who will partner up with you, and execute your vision the way you want it to. It's also important to find someone who has been working in the area for a long time, who knows the best communities to build in, and has surrounded himself with a network of excellent subcontractors.

The best thing you can do when looking for a luxury builder is take your time, don't feel rushed, and examine all the variables before you make a decision.

California Mobile Home Lenders and Mortgage Programs Explained

Mobile homes are becoming more popular than ever. People are opting for mobile homes around the country, including the state of California, for many reasons. Mobile homes are more affordable than traditional style homes, and they can be moved if necessary. If you need a mortgage loan for ฝากขายคอนโด a mobile home, you will need to find a lender who specializes in this. Mobile home lenders are individuals and/or businesses who provide loans to qualified buyers. You will find that the majority of loans for mobile homes in California are high interest. This is because they are not regulated by the United States government.

Even though these loans may be high interest due to lack of government regulations, this may work in your favor if you have less than ideal credit. The loan is going to cost more, but for people who have had problems obtaining low interest loans they can be worth the money. If you want to own your own home but have had trouble obtaining a traditional mortgage loan for a traditional style house, buying a mobile home can make your dream of home ownership a reality. It might not be exactly what you pictured, but as you'll discover today's mobile homes are quite spacious and attractive. There are often land-home packages that help you buy not only the mobile home but a nice lot to put it on as well.

Lenders for mobile homes do have a few regulations even though they are not governmentally imposed. For example, the mobile home for which you are getting the loan for must be your main residence. The term of a loan for a mobile home can range anywhere from 10 to 25 years on average. It all depends on what kind of monthly payment you can afford and the amount of money you borrow. If you are interested in purchasing a California mobile home, many companies that sell mobile homes also provide loans for their customers. If they don't, they can possibly refer you to one or more lenders who can help you.

CMMS Is Not a Four-Letter Word

With implementation failure rates ranging from 50% to 80%, it is no wonder that many may consider "CMMS" a four-letter word. In my experience, I have seen numerous failed Computerized Maintenance Management System (CMMS) implementations or very slow implementations (some of you are nodding in agreement... ). Additionally, I have rarely seen an organization robustly using their CMMS; most are using just a feature or two of these powerful systems. It is like using just the bottle opener on your Leatherman - it can do so much more; couple that with duct tape and you are unstoppable... There are many reasons for failed implementations or under-utilized CMMS. Below are a few of the most common that I have seen, of which I am sure you can relate.

Wrong System for the Job How many of you are currently using your IT department's work ticket system to manage your work orders? Okay, put your hands down. That is all too common. IT Systems and the like are good for managing service requests, but they fall way short on providing the business tool that you need in a CMMS.

Money to Buy It, but No Time or Help to Implement It How many of you are in your ump-teen month of implementing your CMMS? Going on years, perhaps... Still working to get your equipment and/or maintenance schedules loaded into the system - in your spare time... Don't worry, you are not alone. Unfortunately, this is a common state of most CMMS implementations. You finally get your manager's approval to buy a CMMS and maybe even some training, but you don't get any help with setup or additional administrative support needed to implement and maintain a CMMS. The truth of it is, the delayed or failed start of your CMMS will make it all the more difficult for you to request additional funding because you didn't do well with what they already invested - a double whammy... You can't do it alone; you need help!

Old, Slow System There are some that implemented a CMMS years ago, but have not been able to upgrade it over time (possibly because they customized it too much making upgrades costly) or the software is no longer supported (eventually that Windows 95 machine will die... ). It is also tough to upgrade because so much has been invested in the old system and you do not want to lose the data - plus change is hard. But you and your organization must advance with the times - there is better out there.

Homegrown How many of you couldn't get management's approval to buy a CMMS so you built one yourself? How flat is your forehead from beating it against the wall trying to become an Excel or Access guru? Yep, I've been there too... I have seen some pretty good ones, I might add. However, as facility managers, our jobs are not to be database administrators or IT gurus (albeit that hat does get thrown at us often). We have to pull ourselves out of those weeds so that we can focus on the strategic, business initiatives of our facility organization. I'm all for organic, but now ฝากขายคอนโด with a CMMS...

Don't Know What You Don't Know Lastly, lack of knowing any better is probably the most common reason for failed or under-utilized CMMS installations. Most don't know how powerful a CMMS is or how it could be used to manage day-to-day operations and provide key business information for managing your facilities and upper management. Resolving this particular problem is the reason I am such a proponent for our conferences and IFMA's training courses.

The Good News (Two more four-letter words... ) The above mentioned reasons for failed or under-utilized CMMS are common and thus could be easily remedied through knowledge sharing, education, and possibly some one-on-one consulting. Visit http://fm360consulting.com/ to learn more.

CDBGs Benefit Post-Katrina Rebuilding

Few of us will forget the images of New Orleans after Hurricane Katrina hit and the levees broke. So much of the city was underwater - homes and businesses destroyed. It was hard to imagine what it would take to rebuild after such extensive devastation. Some questioned whether the city could be rebuilt at all. In the wake of Katrina, and again after Hurricane Rita, the U.S. Department of Housing and Urban Development (HUD) made Community Development Block Grants (CDBG) available for use in rebuilding personal property. Recently, HUD released a report assessing the CDBG program's impact on the Gulf Coast.

Buying and Living in Taranaki

From climbing to snowboarding and surfing, the New Zealand region of Taranaki has it all. The stunning volcanic cone of Mt Taranaki towers over the region, making a magnificent backdrop for the nearby coastline. Situated on the west coast of New Zealand's North Island, the province's main city is New Plymouth. The city is home to about half of the region's population of nearly 110,000. The surrounding towns are Inglewood and Waitara in the north and Eltham, Hawera and Stratford in the south. As well as the city and towns, the area offers a wide range of options for those considering a move to this amazing part of New Zealand, from coastal properties to rural blocks and dairy farms. Home builders choose Taranaki for its laidback lifestyle, amazing scenery, wide range of leisure activities and strong art and culture heritage.

Buying and Selling a Home: Assessment Vs. Real Estate Listing Price

Real estate assessment values are essentially taxes determined by the county or municipality where a property is located. These taxes are collected from the property owner and used to pay for municipal services.

Assessment values on properties in Williamsburg, James City and York Counties are on the decline in 2010 and 2011. Yet actual home prices are showing great variance - either above or below assessed value. For example, in York County two out of eight homes sold for less than assessed value in 2011 while the other six sold for more than assessment, according to an article in the Virginia Gazette, "Price Vs. Appraisal" by Steve Vaughan. The article also noted that in James City County pricing above or below assessed value has been found even in the luxury market.

James City County Real Estate to Decline 6% in Assessed Value by July

Final 2011 end-of-year figures indicate pricing for real estate assessments in James City County are down. Assessments in James City County completed in early 2010 declined by.9%. According to research collected by Steve Vaughan, "real estate assessments in James City are estimated to drop by 6% come July." James City County properties are assessed every two years and are due to be re-assessed in 2012.

York County Property Assessments Down in 2010 & 2011

Vaughan's article also indicated York County assessments are on the decline. Decreases of 1.4% in 2010 and 4.5% in 2011 are cited. Rick Millman, the County Assessor said, "Homes below $250,000 have held up better than town homes or condos. Homes in the $250,000-750,000 range have not done as well because of the limited number of potential buyers that can, or are willing to purchase homes in that range." Meanwhile, Millman indicated waterfront properties and luxury homes have been able to hold their value.

How Important is a Tax Assessment When Determining Market Value?

Buyers and sellers should not use the tax assessment as a guideline for the value of a home. Many home sellers do not understand that tax assessment value has little to do with the market price for a home. In real estate transactions, market price is determined by an appraisal.

The Current Market Analysis (C.M.A.) is a wonderful tool REALTORS use in order to price a home before it is placed on the market. This report will survey comparable properties and recommend realistic price ranges. Matters affecting current real estate price variation include: age (when home was first built and recorded), short sales and foreclosures that have closed in the past 12 months, location of the home, and other factors.

Home Valuations on Popular Real Estate Listing Websites

Many homeowners are using websites that display free or low cost real estate listings to find values on their homes. This type of property valuation is fraught with difficulties and produces mostly inaccurate market pricing. These websites are usually reliant upon computer-generated methods to determine pricing on a property, and their estimates are generally based on averages.

When a seller lists a property, no matter where it is located, he or she should have a qualified REALTOR gather real time home pricing information. Do not rely on tax assessments or real estate websites to provide accurate, current information on home listing prices.

In conclusion, tax assessments are not the primary source of pricing information for real estate คอนโดมือสอง transactions, in any real estate market. Assessments exist and are collected so a tax base can provide the necessary support for a community. For pricing, request a Current Market Analysis from a real estate professional. Buyers truly interested in a property will have an appraisal conducted because it will be required by a lender or bank to close the sale.

Buying a Villa in Bali: Things You Need to Know First

2.5 million people visit Bali each years, it's golden sandy beaches, ornate and tranquil temples and beautiful smiley people - prove a major attraction for people from all over the world. Security across the region has been greatly improved and stabilised since the disastrous bombing, and visitors are returning to the Island of smiles in their droves.

There has never really been a better time to consider buying a villa in Bali, and the really shrewd investors got in there much much earlier.

Despite popular opinion, ฝากขายบ้าน purchasing a villa in Bali is not guaranteed to be easy or cheap, and there are local laws that need to be considered every step of the way. It's also worth mentioning that a holiday home can have high maintenance costs that need to be met even when you're not enjoying your new des res, so thorough planning is of the utmost importance.

However, don't let that put you off, so long as you are willing to take the time to manage you investment well, you will still be able to bag yourself a fantastic deal.

The legalities of buying a villa in Bali

Many new investors in Bali don't initially realise that foreigner are not allowed to own land, in addition they are also not permitted to own freehold rights over any particular building. The only option for foreigners looking to enjoy the benefits of ownership in Bali is to purchase was is known as a "HAK PAKAI", which in its essence is nothing more than a lease with 25 years.

This type of lease is often of no real value to investors as you can't get any sort of financial product such as a mortgage with this type of arrangement. Another real problem with this is that it limits you from renting out your villa to other Bali holiday makers when you are not using it with your own friends and families.

There are a number of solutions to this tricky problem though, mostly commonly, to hold the building in trust with a native Indonesian person as the nominee, or to form a type of foreign investment business, namely a PMA.

The solutions are as complicated as they are time consuming, but they repeatedly work well for smart investors who make the time to ensure they really understand the system and process and chose wisely when selecting a nominee. A bad nominee choice can lead to no end of trouble.

However, there are numerous companies that will assist you in navigating the arising issues for people interested in buying a villa in Bali, so there really is no need to tussle through the process all on your own

When Buying a Villa in Bali, local experience is priceless

If you take nothing else away from this article, the most important bit of advice you will get about buying a villa in Bali is: to make time to visit the island before you commit, and ideally at different times of the year.

Choosing the best location for your new Bali villa and life changing investment is of the utmost importance, so in any event making sure you try before you buy - is pretty much essential. Move around the island, get a feel for different places, there lay out, and the type of expats who reside there.

Speak with your prospective neighbours. Knowing a little Bahasa before hand will work wonders in this process, and make sure you speak to as many expats currently living your dream as possible. This will prove an invaluable source of information about the most dependable property management agents in the area, and is often the way people stumble across the best deals - like new Bali Villas up for sale that have yet to be advertised.

Sound guidance is to spend at least one month enjoying and exploring the island, staying in different Villa rentals in different regions, before making your decision.

Buying a villa in Bali can be a stressful but also intoxicating process as you realise how far your money can stretch, but it's not without its challenges and pitfalls. Much of this can be avoided if you take sound advice and don't rush the process.

Why not try before you buy' and rent a villa in Bali first.

Buying and Selling Property in Mallorca or Ibiza

Selling Property in Mallorca and Ibiza

Buying or Selling, Who Can You Trust?

Opinions can be of little value when the supplier benefits from the opinion. Whether it is a Stock broker, Life insurance agent or Real estate broker recommending an investment the compensation paid is usually a percentage of the transaction called a commission. The strength of the advice may be weak. The age old saying, No one works for free is true and rational individuals would not ask for free advice from a knowledgeable source. The client is advised to consider the motive for a purchase or sell recommendation by the agent. Seeking advice from qualified individuals will require some research:

- Contact Past clients of the agent, what was the outcome of recommendations

- A Review of the Agents finances will determine the need for the agent to make a deal today

- What is their Education level. How relevant is the education to the field they are working in

- A Trustworthy agent can also suggest individuals within their own industry that can speak to their qualifications

An agent who can freely discuss the disadvantages along with the advantages of any recommendation that they make may be qualified to assist in the decision making process. Beware of any recommendation that comes with a rosy outlook with few if any downsides as it may very well be coming from someone who has identified you as their next car payment.

In today's world, we all find ourselves needing the advice and services that others provide. A Stock broker suggests the purchase of a newly released stock issue but neglects to buy the same stock for their own account, or the Real estate broker that speaks of excellent opportunities to invest in rental income properties but has not purchased any for their own portfolio. Most people like to do business with people who believe enough in the product that they sell to own the stuff themselves. Articles can be found in newsprint or the internet คอนโด กรุงเทพ speaking to the unbelievable opportunities in land, homes or commercial properties by authors who have never invested a penny in the market. How is it possible that these individuals could counsel others in matters they know nothing about? The consumer should be diligent in qualifying the individuals that they rely upon for counsel. Not all advisors are cut from the same cloth. An individual that is licensed to practice real estate may be ideal in residential sales but may be ignorant in commercial building transactions. Even more so, agents who have not practiced in matters of land, with years of experience should be avoided. This is an area of real estate practice that is complicated, sophisticated, and demanding. An agent should be able to point to transactions in recent history that qualifies them to assist you with your needs.

The risks of receiving poor counsel is reduced when a qualified broker is hired to assist in the decision making process. A counselor that charges a flat fee for services, paid in advance and not tied to any particular investment strategy can be retained to render a neutral opinion. While the Real Estate industry does not have a standard for consulting services, a broker with decades of experience may be substituted nicely. In any case, question any advice that is tied to compensation.

Buying and Living in Rotorua

The Bay of Plenty is a fabulous region in the North Island of New Zealand, with plenty to offer visitors as well as those who choose to call the area home. One of the major cities in the area is Rotorua, well known for its Maori culture, geothermal activity, large number of lakes, adventure activities and gorgeous natural scenery. If you want to live in an area with plenty of places to go and things to do, then you'll love this part of New Zealand. Many families have chosen to buy homes or work with house builders in Rotorua to create their own slice of paradise in this beautiful city.

When you first arrive you might be a little surprised at the scent of sulphur in the air. You may also notice steam escaping from cracks in the streets. Don't be concerned. These distinctive features are normal for the city and you become used to them within hours of arriving. The sulphur and steam are a result of the large amount of geothermal activity in the city which can be found in back yards and parks as well as the designated tourist areas such as Whakarewarewa and Wai-o-Tapu.

If you are considering buying and living in Rotorua, there are plenty of possibilities in the city and surrounding areas. You can find a wide selection of well priced properties to suit your budget and there are also some excellent house builders in Rotorua who can build your dream home for you. It's a good idea to visit an area if you are considering a move there. You can visit over several weekends if possible, or rent for a while and check out the different suburbs to see what will suit you best. You can choose between city living, rural living and lakeside living, depending on your preference and how much money you have to spend.

Some of the suburbs you can choose from are Ngongotaha, Fairy Springs, Kawaha Point, Western Heights, Pukehangi, Springfield, Ngapuna, Lynmore, Te Ngae and Owhata. Just outside the city there are opportunities for house builders in Rotorua who want to be closer to the lake.

Facilities in the city are top class, with an airport and hospital and plenty of educational options for the kids. One of the benefits for renters, buyers or house builders in Rotorua is that you're not far from the beaches at Tauranga and Whakatane. Lake Taupo is also close, and you don't have to drive far to get to the ski slopes at Turoa and Whakapapa. It's ทาวน์เฮ้าส์มือสอง an ideal all round place to live and those who have chosen this city as their home are thrilled they made the move.

Buying a Rural or Regional Australian Home

The Australian government, as well as the individual state and territory governments, have long encouraged both rural and regional development. Various grants and concessions have been offered over the years for building new homes in underdeveloped areas or for improving existing homes in the area. Several states and territories periodically offer regional or rural relocation grants.

Qualifying for the Regional NSW Relocation Grant

Since 2011, the new South Wales ทาวน์โฮมมือสอง กรุงเทพ government will pay people to move from an urban to a regional one. Until 2015, home buyers can move from their metropolitan Sydney home to a home outside the metropolitan area and receive $7,000 toward the cost of their new home. To be eligible, the home cannot exceed a cost of $600,000. The purchaser must have owned a home in the metropolitan Sydney area in the 12 months prior to the purchase and must physically relocate to the regional area. The area can be any that has not been areas officially declared as a Sydney metropolitan area.

Grant recipients must live in the home for at least one continuous year after the purchase, and it must be used as the primary residence. The home buyer must be a permanent resident or citizen of Australia. Companies are not eligible for the grant.

Purchasing a Rural House or Land

Australian law has specific rules about rural zoning, what rural land can be used for and when a real estate agent can't assist in the sale of the land parcel. Rural land is a legal designation that it was intended for horticultural pursuits, agricultural farming or for keeping livestock. Many country homes are purchased on rural lands on which the owner doesn't keep livestock or crops, but the legal designation of that land remains rural.

If the property comprises up to 20 hectares, a real estate agent can list the property and assist with its sale. However, larger lands that have been designated as rural must be handled by a Stock and Station Agent with the proper license. Check with Fair Trading to ensure that the license is current before proceeding with the sale. The agent will also handle any livestock transactions that occur at the same time.

When purchasing rural land, the agent can assist you with finding out about the water table depth, the maintenance of the country roads near the parcel and how utilities will be brought into the parcel. Depending on the distance of the area from the nearest town, you may need to assess the traveling time for emergency services.

Rural properties may come without council approval for additional buildings on the property or for any residential development at all. Be sure that you have council approval for any intended improvements before making the purchase

Buying a New Home: Where to Start

If you are a first time home buyer or haven't purchased a home in many years, getting the process of buying a home started can be a challenge. There are many steps involved in buying a home that most first time home buyers are not aware of. Listed below are a few tips that will help prepare you for the obstacles along the way.

How's your credit score?

If you plan on financing your new home, you will need to ensure that your credit score is up to par. A bank will not loan you money if you have a bad credit score or not credit score at all. Be sure that you can prove that you are reliable and able to pay for a loan.

Choose a home

While it is good to get preapproved by a bank before you begin searching for a home, you can't actually start the process until you have chosen the home. Focus on finding a home at a good value so that your monthly payments will be less. Have a price range in mind so that you know what homes you can afford.

Contact a buying agency

If you don't know where to start, a buying agency has people ready and willing to assist you with your needs. A buying agency will also be able to show you current homes for sell and help you make a good decision as to how much you should pay for homes on the market.

Do you have enough money saved?

It takes money to buy a home. A down payment and closing costs will be an important part of the process. Many people have to save for years before they are able to buy a home. Be sure that you have plenty of money saved up before you make the choice to buy a home. It will be hard to buy a home with little or no money in the bank.

Buying a home is a big step. The financial responsibility is often too much for some to bear. Listed above are a few tips on buying a home. From choosing a home at a good value to ensuring that you have enough money saved to make the purchase, these tips will help you get started with the home buying process. Consider contacting a buying agency to give you all the details on how to purchase a home. ขายบ้าน

Buying a Property? Check Authenticity Through the Encumbrance Certificate

If you are planning to buy an apartment, house or a piece of land, ensure that is clear of any litigation and that is has a clear and marketable title. How do you do this? All you need to do is check the encumbrance certificate. An encumbrance certificate is a document of evidence for free title and ownership.

Encumbrance is a liability on a particular property where it has been used as a mortgage for debt and has not been released from the liability as on date. An encumbrance certificate contains details of all transactions with regard to a particular property and certifies that there are no legal dues or discrepancies. It can be obtained from the sub-registrar's office where the deed is registered. It is an extract of the register maintained by the sub-registrar. If the particular property is not registered with the registrar, the details, however, will not be recorded in the encumbrance certificate.

An EC is issued for a particular period of time. Any period prior to or following the period mentioned in the certificate will not be covered. It is an important certificate that is required when buying a property, applying for a home loan or taking a loan against a property. Financial institutions and government authorities would usually ask for an encumbrance certificate that is valid anywhere between 13 and 30 years.

All said and done, there are certain property-related transactions that are outside the scope and do not require to be registered under the Registration Act 1908.The property owner need not get the property registered if he deposits the original document in the bank against a mortgage. Another scenario is when the property is given on lease for a period of less than one year. Also, tax liabilities, prior unregistered agreements, oral tenancy, etc. will not be recorded in an encumbrance certificate.

A 'no encumbrance certificate' is a very important document for transactions related to sales and purchase of property. Loans against property are also given after producing this certificate as it would state that the property has not been mortgaged with another lender at the same time.

To obtain a no encumbrance certificate, you need to apply in Form 22 to the Tahsildar with your residential address and stating the need of the certificate. Provide correct information of title, ownership of the property, survey number, address, description of the property with measurements and boundaries, and submitted to the jurisdictional sub-registrar with the requisite fee. The no EC will be issued after a detailed enquiry, provided there are no entries in favour of a person or a legal body.

Encumbrance certificate in Form 15 records sales, lease, mortgage, gift, etc. registered before the registration authorities. On the other hand, the ฝากขายคอนโด certificate is issued in Form 16 only when there has been no transactions recorded in the period for which the encumbrance certificate is sought.

Buying a New House - How to Get Started?

Buying a house is a challenge that turns up with something testing at every step. However, if you have the basic knowledge about how to get started with the process, then you can easily get through it. There are certain steps involved in the home buying process, which most of the first timers are not really aware of. Thus, they stumble upon many undesirable situations that stall or delay the whole procedure. Outlined below are some useful tips that would help you prepare for all the obstacles that may come your way during the journey.

* Check your credit record - Applying for a loan is one of the easiest options to buy one's dream home. This is the reason why most people usually go for this option. However, the fact of the matter is that though it is a great option, it is not always easy to get approved for a mortgage. One of the things that decide whether or not you would be getting a loan is your credit history. So, make sure your credit record is good enough to get your approved for the loan right way.

* Choose a house - Though getting approved by the lender, before beginning to look for a suitable home is always a good way to start with, the actual process cannot start until you choose a house. Focus on searching a house at a reasonable price to ensure that the monthly payments are easy to pay. Have in mind a particular price range to know what types of houses lie within your budget.

* Have a good amount of money saved - The down payment, closing costs and many other additional expenses are there, to pay for which the buyer needs to have a good amount of money saved in his bank account. In fact many people save for a good number of years to be able to purchase a house of their own. So, be sure you have the required sum of money saved before deciding to buy your dream home.

* Contact a credible buying agency - Buying agencies have people willing and ready to assist home buyers with their needs. They would not only show you the current homes, available for sale in the market, but would also guide you to make a right decision regarding how much to pay for any particular home. Having professionals do the work is always effective, when it comes to home buying. So, do not ever hesitate to hire the services of a good buying agency to speed up the process and make it hassle free for you.

Purchasing a house is an important decision for บ้าน มือสอง everyone. Any mistake in the beginning can result in complications later on. To avoid any sort of tricky situation that can hamper your home buying journey, follow the tips mentioned above. They would help you to get started the way you should and make this big purchase a stress-free experience.

Buying a Practice in Uncertain Times

In many ways, it has never been a better time for enterprising dentists to buy their own practices. Great prices are everywhere if you know where to look, and healthcare reform promises to make it easier for more Americans to enjoy regular visits to their dentist. But there are also several factors contributing to an uncertainty about the future when it comes to dental professionals who are also small business owners. Making wise decisions with these uncertainties in mind will allow you to move forward with your ownership plans without endangering yourself.

Economic Uncertainty

Experts generally agree that the recession caused by the housing crisis is over, but recovery has been very slow. People and institutions with good financial sense are now far more careful when investing large amounts of money, having learned valuable lessons about just how quickly the economy can take a turn for the worse. One effect of these changes is that a dentist looking to buy a practice will often find it difficult to obtain a loan at a good interest rate.

How should you deal with these factors? If you are just starting out and have grandiose plans for a large dental practice, you may need to adjust those expectations. It will probably ทาวน์เฮ้าส์มือสอง กรุงเทพ be far easier for you to find the funding to buy a small practice, then build it up when you have established it. Leveraging online resources where you can see uniform listings of a huge variety of practice types, from small to large and everything in between can help with your transition.

Healthcare Transitions

The confirmation of President Obama's second term makes the full implementation of the Affordable Care Act a virtual certainty. Whatever discussion exists about the pros and cons of the new laws, one thing is for sure: people in the healthcare field will be extremely busy for the next few years, adjusting their business, insurance, and medical practices to best accommodate new requirements. It can be intimidating for a dentist to consider starting a new business just as this transition begins.

A valuable tip is to start with what you know and don't step out of your comfort. Minimize your own personal transition by choosing a practice that fits your current interests and strengths as well as possible. If you quickly feel comfortable as the new owner of your practice, you will feel more prepared to meet the challenges that each stage of the Affordable Care Act presents.

Buying a Second Home, Without Selling the First!

The real estate business market is a highly complicated entity, but once one begins to master the intricacies of this profession, it provides a chance to earn quite a bit of money and also stabilize one's financial status by making useful investments. While most people invest in houses to earn a quick profit by selling them, others can even rent out their houses for a passive income source. Renting of property is a good idea, as it is a good way to receive an additional income while waiting for the value of the property to rise. As the value of a property continues to rise year after year, due to appreciation of the value, renting the property out for a few years before selling it is a good way to make some extra bucks.

Buying a Property at an Auction - Some Tips!

Bidding at an auction

Just giving a wink, a nod of the head, a wave of the hand, or raising a card, is not the only thing you need to do to bid at an auction. Here are a few others. 1. Knowing why you are bidding is a great thing to have fixed in your head before you start. 2. Having the amount the property was valued for, is another good piece of information. 3. Knowing what your limit is. 4. Listening to how the others bid. 5. ทาวน์โฮมมือสอง Noting what increments the auctioneer and bidders are using. 6. Looking at the other bidders and seeing what reason they may have for wanting the property.

1. Knowing why you are bidding means you have a purpose, a plan, and you stick to it. Because you know that this auction is just part of the larger plan you have to buy a home. And if this one does not work - then you know you will be applying the same plan to another property. You have this as your plan, so that you do not spend more than you know you should!

2. The research into the estimated valued of the property that you had carried out prior to the auction, and the other properties that had sold around it recently, are all pieces of information to remember and use. As the auction gets under way, the amount the auctioneer begins with, and the value you have, is going to give you an idea of where things are likely to be heading.

If it is already above your limit, shut everything off for yourself, and just see what someone else is going to have to pay for it.

3. If you are still in the game, and the auctioneer is still calling for bids of large amounts, you will know that everything is way off what the owner wants.

4. Now might be a good time to take greater notice, because if the bids have slowed up, the other buyers may be out of their depth, reached their limit, or decided that the price is heading towards the "too high department" for them. If it is still within your range then you might want to bid.

A bid at this point can be for several reasons. (a) To see if your bid meets the reserve and puts the property on the market. (b) To see if there are others who are still in the game. (c) To create what may be the vendor's asking price if the property does not sell at auction.

5. If the bid is with the auctioneer, you will know that he is pushing things towards what the owner wants, because everyone else is not.

6. Looking at other bidders and guessing why they may want the property is to determine whether you are up against an emotional bidder or a calculated one.

An emotional bidder is likely to go higher than they want to, because they love the place.

The calculated bidder will have a value that they think it is worth, and what they want to pay.

These are just some of the strategies, techniques and processes that may be useful when taking part, or bidding, at an auction.

Buying a New Build or a Period House? Be Prepared.

"What is it going to be? Buy a new house or a period property with plenty of character?" This is the question I faced when looking to buy ฝากขายบ้าน a home. Here's an overview of what to expect with a new house and an older house to help with your decision.

There were two houses I liked, one relatively new and the other a 1920s period house needing renovation. Both about the same price and both good houses in their different ways. The new house would be good as it required little or no work doing to it, while the 1920s house needed everything doing to it; new heating system, rewiring, old lead pipes ripping out, new kitchen and bathroom, and possibly other unknown problems.

When looking for a new build the house survey required would probably be less in depth as the house may still be under guarantee from the builder. With newer houses the size of the rooms tend to be smaller but the level of insulation is to a much higher standard making the heating costs far less than a poorly insulated older house. However what I found was that newer builds tended to be on ubiquitous housing estates, or on more marginal land like a flood plain.

An older house requires far more thorough survey, so for example its checking it structurally and looking for signs of damp and checking whether the heating and electrical services are at an adequate standard. This type of survey costs more. But the older properties do have plenty of character with larger proportioned rooms and plenty of light. These houses tend to be in well established areas of town with mixed styles of housing and they tend to have larger gardens.

To opt for an older house, which needs renovation, raises a fundamental question. Do you know how you want it renovated, what style, how to arrange the bathroom and kitchen and also perhaps the most important question of all, do you have the funds and capabilities to undertake the project? You should get quotes for the required work, but also budget for 10% to 20% as your reserve and then ask yourself what happens if you needed even more than you had budgeted for, would you be able to cope? Tough questions but once you start a renovation it invariably uncovers unforeseen work that needs doing. So the more you can prepare at this stage the less stress there will be later on.

Buying a Mobile Home

If you are in the market for buying a mobile home one of the first things you'll need to do is decide whether or not you want to use a real estate agent. Using a real estate agent has many advantages, the most important of which is their ability to help guide you through the buying process; from finding a mobile home that meets your needs to the final closing.

Buying a New Home Checklist

Whether you're a first time or fifth time buyer, finding the house of your dreams doesn't always happen overnight. But when you do find the perfect new home, it can be tempting to rush in and being the buying process right away.

That is where this 'buying a new home checklist' comes in. It is jam-packed with top tips and expert advice to help you breeze through the buying process:

1. First off, you should inspect the property for any structural damage or similar issues. You don't want any nasty surprises when you move in! If there is any work that needs doing, get these costs taken off the sale price of the property and ensure the work is done before you move in.

2. When you're happy you want to proceed, make a well researched bid. Consider property prices in the area, as well as the advertised price. Work with your solicitor to come up with the best (and lowest) offer.

3. Ask a surveyor to check that all the gas, electric, and water is in sound working order. The same goes for any security alarms and the state of the locks to the property. You want to be safe and sound in your new home.

4. Check the state of all the rooms. While you may not be a fan of the decor, inspect that they are ready for you to move in to right away. You will have plenty of time to put your own stamp on the property. Just make sure it is in a state that requires little work in the interim period.

5. Once your bid is successful and the process is well underway, be ฝากขายทาวน์เฮ้าส์ sure to round up any spare keys to your current home. Give them to solicitors and make sure that any regular deliveries to your house are cancelled. Change your address at all the relevant places, and get your post redirected.

6. Arrange a moving date and stick to it. Avoid weekends and bank holidays as removal firms will be over stretched and often charge more. Instead, choose a mid-week date. Make arrangements for pets and children to be looked after to relieve any extra stress.

7. Check that your belongings are insured for the removal process. This is often provided by most removal firms, but check for any exclusions and catches. If you're worried about valuable items, consider taking them yourself.

8. Why not hire a cleaner to freshen up the property before you move in? This will mean that you don't need to do any housework on your first day in the house. Moving is stressful enough without the added need to spring clean!

9. Make sure you provide the removal company with details of exactly what items you want in what room and where. Using colour coded boxes and a room plan is a great way to make sure that the whole process goes smoothly.

10. Upon moving in, make sure that everything is there that should be. Make arrangements to change the locks on the new property - just in case any keys were not handed back. Finally, be sure to enjoy your new dream home!

Buying a House? Which Is Better, a Pre-Qualification Letter or a Pre-Approval Letter?

Whether you're planning on buying your first house or your fifth, agents will take you more seriously if you have either a pre-approval letter or a pre-qualification letter. This is especially important in a hot housing market where people are bidding up the home prices above the asking prices. While it's fine and dandy to be the highest bidder on a particular house, but if you don't have a lender behind you the homeowners are more likely to take the next guy in line that does have one. If you have one of the two letters sellers know you can actually do what you say you will do. So which is better to have, a pre-qualification letter or a pre-approval letter?

Buying a New Home

Buying a new home in your local area can cause different issues to buying a pre-owned home. Aside from having to purchase the home before the neighborhood is fully completed, you also need to research the materials used in the build and ask for guarantees that that completed home will have all the promised features. Here are a few tips to consider when buying new homes.

Assess your financial situation. Before you even start looking at new homes in your area, you need to consider your budget. Now is a good time to buy a home, as house prices are lower than they've been in years. When it comes to making an offer, you need to be aware of your budget and how much you're able to pay. New homes can be more expensive than pre-owned (although this isn't as common as in the past) but provide access to the latest technologies. You also don't have to deal with the previous owner's bad decor mistakes! Get a home inspection. It's always a good idea to pay for a home inspection when buying a new home. The inspector should be impartial and professional. He or she will assess the home and check whether it meets modern standards. What upgrades do you need? It's not uncommon for new home builders to make most of their profit on upgrades. For this reason, you should carefully check the cost of any upgrades before making an offer. You don't want to buy a home only to realize that your required upgrades are out of your price range. Don't be afraid to ask for changes. When buying a pre-owned home you usually need to negotiate changes with the existing owners, which can be difficult. If you buy a new home, you can talk to the builder about changing wallpapers or other features. Many builders are happy to negotiate for any changes you need. What type of home do you want? Many new homes are built in small communities. If you love the thought of a golf course community, or an active retirement community, then buying a new home is likely to be your best option. Other choices include over 55 communities and adult community homes. Check the warranty. One of the biggest advantages of buying a new home is that the house or apartment is often covered by a warranty. This means the builders will fix any problems for free while the warranty is active. As with any high ticket item, what's covered by the warranty varies greatly between different builders. Make sure you read the warranty carefully so you know exactly what's covered. It goes without saying, but the longer the warranty lasts the better.

When searching for new houses in your local area there are a number คอนโดมือสอง กรุงเทพ of factors to consider. Whether you want to live in a senior community, apartment or golf course home, it's essential to do proper research before making a decision.

Buying a New Home in Today's Market, Is It Smart?

Many people often ask if it is smart to purchase a new home in today's market. Because of the recession and the economic difficulties experienced around the ฝากขายบ้าน world, it is hard to consider buying a home as a smart decision. Nevertheless, even in today's market, it could still be considered smart to buy a new home. According to the National Association of Realtors', homes are affordable now, which means that if you buy within your budget, you will not be stretching each month to make your mortgage payments.

Buyers should realize that the housing market, just like any other market, has its ups and downs and home ownership has a record unmatched by any other purchase when it comes to real benefits. In spite of the turmoil in mortgage, if you have good credit and a steady income, you can find mortgage at good rates and some are running at historically lows. Today is still a good time for buyers to buy their first home or move to the home of their dreams. Considered as a buyer's market, home buyers have more options in the number of homes available and home features as well. Home ownership is still one of the best investments even in today's economy.

Although foreclosures are up, there are still thousands of homeowners trying to sell their homes before foreclosure, as well as those moving and having difficulties in selling. Moreover, there are still a lot of new constructions and builders could offer certain discounts on new homes. Today, mortgage rates are low, with an average of 4.96 percent for a fixed year rate mortgage. There are also tax credits made available for those buying a home for the first time.

Over the years, the real estate remained consistently appreciated despite the periodic adjustments in the local markets in response to the situation in the economy. When it comes to the national level, home appreciation has increased dramatically, from five to six percent annually. Rates could get high in the years to come since the real estate market is unpredictable. Home ownership is probably one of the easiest ways to acquire wealth. Three of four people have more home equity than assets in stocks, retirement funds and savings. Although there is no guarantee that your home will appreciate, in time it generally will. In the long term basis, you can definitely count your home to appreciate.

If you are thinking of delaying a home purchase to time the market in order to get the best deal, that is very difficult to do with precision. Even if you are in an area with low market prices, even the most knowledgeable experts could not anticipate the flow of the real estate market. Today is a great time to buy new homes since properties are more affordable and there are more options and you could easily get a great deal. Nonetheless, you still have to weigh your options well before you proceed in buying a home in the market today.

Buying a New Eco Friendly Home Could Mean Big Savings

If you are considering buying a new home and are unsure whether choosing an eco friendly home is right for you, you should ask yourself if it even makes sense to not buy a home built with "green" technology. This technology is not only good for the environment, it also stands to save you a significant amount of money down the road. Also consider the fact that, with "green" technology becoming more popular every year, buying a home that uses traditional energy sources may become something of a liability in years to come.

Buying a "green" environmentally friendly home can do more than protect nature. More builders are continually experimenting with cutting-edge technologies and innovations to bring more energy efficient homes to the British market. The demand for such features is growing accordingly as well.

In a small town on the outskirts of Edinburgh, a "green" builder has constructed a development consisting of ten homes that are all eco friendly. They are heated via geothermal insulation (geothermal means heat from the earth), and this energy is harnessed to provide continuous heating at a fraction of the cost of typical fuel-sourced heating setups.

By creating giant tunnels that run deep into the ground, the geothermal heat is accessed and directed directly into the home. When combined with "green" insulation, heating costs can be dramatically reduced.

Other features in these homes include animal wool for insulation and state-of-the-art finishing materials that help to further improve the home's ability to insulate against external weather changes. Much of this technology is still in the research stages and there will likely be more innovations being released to the public each year for quite some time.

In another area near Lancaster, there is a construction project undergoing that will consist of over forty eco friendly homes that use a variety of environmentally friendly methods to supply energy. These include solar panels and other photosynthesized energy sources. ฝากขายทาวน์เฮ้าส์ There is also something called a biomass boiler, which is being used in the homes and it does not require any type of fossil fuel or natural gas, but literally runs on materials naturally occurring in the environment.

There is no question that some of these "green" or eco friendly features cost more money up front for new homebuyers. This may be considered a drawback, however, when one considers how much in annual heating and electric bills one stands to save for the entire life of the home, the upfront costs become less of an issue.

If you're a previous homeowner who has become fed up with sky-high utility bills and are sick of doing your own make-shift insulation jobs in an attempt to help your home retain heat, then an eco friendly model home may be for you. Certainly most homeowners looking to buy new homes are more interested in price points, general features and floor maps than heat efficiency. There is nothing wrong with this. However this is becoming more and more important in the circumstances of today and tomorrow.

Buying a House With Resale Value in Mind - Important Factors That You Must Consider

Buying a home is a mark of accomplishment. However, when you purchase a house for yourself and family, it is important to keep in mind that home might be sold later on in future. You might need to change jobs and need to move. Your business might be doing great which would require that you move to a better area or bigger house. Whatever your reasons might be, when you buy a house ensure that you have a resale value in mind. So that when you want to sell in future it does not prove to be a frustrating experience. Here are important factors that you must consider.

Location

Location is always the main reason why most people buy their properties. It is important that you take this very seriously because you can hardly do anything about it once you buy. Buying a home in the middle of a commercial district is never an attractive prospect. Many prospective buyers would not bother to even look at the house. It is evident that it will raise safety concerns over their kids and bother their sleep at night with vehicles zipping across the street 24-7. In addition, houses around the airports or train stations are also a tough act to sell.

Old Neighborhood New House

Another thing you should factor into consideration is the neighborhood you plan on staying. Is it an old residential neighborhood? Are the homes in a good condition or are they falling apart? If the homes in the area are an eyesore, it will surely bring down the value of your own property, even if your property has just being renovated and is looking as good as new.

Furthermore, never purchase old houses that have bedrooms with no closets or just one bathroom. This might set you back 1000's of dollars if you want to renovate. It will also reduce the sizes of your rooms as you try to make your home more convenient or habitable. A house that lacks the trimming of a modern home always poses a huge resale problem for any seller.

All that Glitters is Not Gold

It helps for you to visit your potential home both day and night. What is the reason for doing this? You need to find out just how busy the neighborhood is and catch out other happenings during the course of the day or night. You need to do this often because you might บ้าน มือสอง have missed certain things during your first visit. Try to bring a buddy or family member when next you visit your potential home. It helps to have a second pair of eyes and an opinion apart from yours. You might just notice something about your home that you never considered.

Crappy Layouts

There are some homes that are simply caught up in a time warp. They come with no front or back yards and dodgy floor plans, where you can access bedrooms by adjoining doors. This might work for a young couple starting out in the race of life. However, this is hardly an attraction for a full-fledged family as it smacks of a lack of privacy. Anyone can mistakenly or unexpectedly barge in on someone including in an embarrassing state of undress. This type of set-up would be far from favorable for most modern families and they would surely look for something better.