Real Estate Journal

Real Estate Journal header image 1

Retail Sales

April 17th, 2015 · No Comments

59.jpgRetail sales were positive for the reason of higher gasoline prices and industrial production marks off. Latest statements for job loss insurance are also at an edge. In spite of the huge write-down, there are overwhelming capitals raised by different firms and are making good money. No hefty organization will be permitted to fail anywhere. Fixed-rates in the mid-sixes interrupt housing recuperation and get rid off the benefit of payment-reducing to crimped household budgets and financial plan. The jumbo loan market is entirely not working and the new mini-jumbos are a high-priced story. Issuance of securitized credit of all kinds is at idle and declining.

→ No CommentsTags: Information

Non-Refundable Earnest Money

April 10th, 2015 · No Comments

Is non-refundable earnest money good or bad? Yo will say, it is terrific if you are a seller. But what if you are a buyer? It’s far less exciting if you are a buyer.

Sometimes, problems arise from the use of non-refundable earnest mone.

For instance, what if the home inspection shows significant problens that the seller did not disclose earlier? What if lender cannot fund the money anymore? What if the buyer can no longer qualify for financing or loses his or her job? What if the transaction fails by the specified date? What if the other party is injured or dies, or gets a divorce?

Well, these things happen!

So, it is up to the buyer and the seller to negotiate, if indeed the non-refundable money will still be considered as such.

→ No CommentsTags: Ins and Outs

Experts say steel prices to stay high this year

April 3rd, 2015 · No Comments

One of the major ingredients in property development is steel.  This is most important specially if the development is for a 3 storey project.  For those who are following closely the price of steel, domestic industry experts predicts that steel prices  in China will continue to stay high this year.  Prices is pushed up by booming demand and rising costs.  The per-ton price would break the 1,000-U.S.-dollar threshold  and still has enough room for increase in the near future   Monday’s China Securities Journal quoted Zhou Xizeng, a leading analyst with the CITIC Securities as saying.
“A supply shortage was expected in the domestic market as the installment of newly-developed production capacity could not keep up with the government’s steps to eliminate outdated capacity.”

→ No CommentsTags: Information

A Good Guide

March 27th, 2015 · No Comments

If you want to sell your house but you are not sure how to do this beyond the simplistic posting a ‘for sale’ sign with your contact numbers, then maybe it is time to consider getting some professional help. It is a good thing, despite the market instability over the last few years, real estate brokers still remain plentiful and ever-helpful with selling house issues.

medium_95150434
credit

A real estate broker can help you by guiding you. He or she should be knowledgeable about market trends in general, should know about the details in your area, and in short all the necessary data you need to weigh your options and come up with your own price. He or she should also help you come up with the best strategy or ways to market and present your property.

Remember that a broker will not price your house for you; you do that on your own, but they can give you guidance and direction that will help you create the best package for your home sale.

→ No CommentsTags: Estate · Estate Agents

Buy, Build and Sell – Worth It?

March 19th, 2015 · No Comments

kitchenIt sure would be if you manage to always hit the earnings button. But as we all know, this always isn’t the case for there are too many hidden factors that may affect the outcome of any project, but hey that’s part of the business. Recognizing a property that has potential is the first key and there are not too many people who have that eye for potential.
Risk management is part of the overall game and as you may have seen on the many feature shows on TV, it rarely goes according to plan. There is a lot of profit in such investments if you have the right people who are the bread and butter of your business. Working in harmony is the key and having conflict is part of the game as a way to iron out the kinks. Necessity is the key to innovation and often results in some of the best ideas making a crazy project into a true gem.

→ No CommentsTags: Ins and Outs · More Information · News

Honoring Deal-Makers

March 12th, 2015 · No Comments

Prince George ‘s County projects are making waves.  Because he’s always seen hard at work, two of his projects are  among the  finalists for the Washington Business Journal’s Best Real Estate Deals of 2007 awards.  A  community of 300 rowhouses, 200 condo units and retail space called  the Arts District Hyattsville , was nominated in the Community Impact category.  With Rockville Town Square , the Shops at Park Village in Washington and Southeast Academy of Scholastic Excellence in Washington.

In the Financing Category along with American Sociological Association and  Shakespeare Theatre/International Union of Bricklayers, another  Prince George County Project  called National Harbor in Oxon Hill.  It is an emerging 300-acre mixed-use development.  All of them are in the District.

→ No CommentsTags: Information

Risky Markets

March 5th, 2015 · No Comments

journal1.jpgInvesting in real estate particularly in freefall areas are risky these days. Foreclosures are increasing rapidly and home’s aren’t selling either even at low prices. Up to now, the major threat that the  real estate markets are facing is the prevalence of subprime loans and mortgages. Transaction volume, however, in particular over the next 12 months is an important gauge of a market’s health. The indicator that the real estate market is stable, how easy for it’s people to get loans and if mortgages are available. Assurance that confidence is back is when prices start to rise within three to six months.

→ No CommentsTags: Market

$70 Million Fraud Case Filed

February 26th, 2015 · No Comments

ponziscamsFour people involved in a Ponzi scam that defrauded over a thousand people are being persecuted for their crimes for their involvement in real estate fraud and many other similar offenses. The Metro Home Scam took on the money of investors promising revenues unheard of in the market which instead went into their pockets, funding their lavish lifestyles, fleets of chauffeur driven luxury cars and more. To cover their tracks, they make lavish and public donations to charitable organizations to sweeten the stench that lies within. [Read more →]

→ No CommentsTags: Information · News · Report

Marketing Your Home Yourself

February 19th, 2015 · No Comments

Marketing is the only way to get a better than average deal for anything you want to sell and this is exactly the case when the thing you want to sell is a house. Especially keeping in mind the economic situation today, buying property of any kind is no joke. So you want to convince the future buyer of your house that he or she is making the best choice.



Photo Credit

Make sure your house is in the best shape possible. If you were good about maintenance and upkeep, this shouldn’t be a problem. But if you lapsed for whatever reason, now would be a good time to get repairs done. These don’t have to be expensive because a lot of simple repairs you can do yourself. Even the cost of hiring a professional for such jobs as repainting will pay off later on. Make sure you get your house listed in the right networks so that it is seen by as wide a sample of buyers as possible. Finally, be prepared to show your house off to people who want to take a look.

You can help yourself and your property by properly planning and marketing for selling.

→ No CommentsTags: Information

Vacation Home Sales and Prices Tumble as Buyers Wait

February 12th, 2015 · No Comments

Sales  in vacation  homes  dropped down by  31 percent last year and real estate bought for speculation dropped 18 percent.   Prospect home buyers are now very keen on studying the purchase proposals because of this.  It was reported that the decrease was caused  by more strict and  tightened standards by mortgage lenders.  The real estate business was so affected as shown by  sales that  dropped to 740,000 from a record 1.07 million in 2006, reported by  Chicago based Realtors. A fell to 1.35 million from 1.65 million a year earlier on the sales of investment properties was also reported. Investment properties are properties acquired by house owners not for personal abode but for investment purposes.  It was noted that recently these properties are sold without having the  owners occupied them  even for once.  Americans  are holding back on purchasing a vacation home as they became apprehensive that such is not a viable investment at this time.

→ No CommentsTags: Information