The Types of Listings

September 1, 2010
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There are several types of listing your real estate property. The commonly used are the “open listing” and the “one-time show”. Find out what these two means.

Open Listing

The “open listing” is mostly used by people who are trying to sell their home by having the will to work with real estate agents. Mainly, it gives the real estate agent the right to bring buyers around to view your home. If their client buys your home, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to every agent who comes around.

One-Time Show

A “one-time show” is similar to an…

Return of Foreign Buyers to the Big Apple Real Estate

September 1, 2010
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Signs are that a number of foreign buyers are migrating back into the New York real estate market, betting a decline in prices may be about to turn.

According to reports, the dollar’s recent rally, rather than putting off foreign buyers, is encouraging them to jump into the market before it rallies further and drives up prices. According to the DE Capital Mortgage specialist, Richard Martin, “People are thinking it might run away from them because there are these predictions the dollar will even go further.” “We are talking a lot about foreign borrowers lately.”

The luxury end may be starting to swirl in Manhattan, the 23-square-mile island that is the heart…

Benefits of Renting over Buying in London

August 3, 2010
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London is a melting pot of cultures and lifestyles making it one of the most diverse places in the UK. Home to many of the world’s leading companies and an endless array of things to do and places to visit, it is little wonder that it appeals to so many as the ideal place to live.

For those looking to move to London the most popular option is to rent a place to live instead of buying. Because of the high property prices it can be easier to find flats to rent in London over houses for sale in London. Due to the nature of the property market in London with a…

A Lot Face Soaring Housing Costs

July 25, 2010
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A new study reveals that housing has become more affordable for nurses, teachers, police and other workers; however, it suggests homeownership remains out of their reach in many major markets.

The Center for Housing Policy stated that incomes for many of the workers that communities rely on for vital services have not kept pace with the cost of housing. That only means many cannot afford to buy a median-priced home in the cities they work in, even with mortgage interest rates at near historic lows and lower home prices.

The study also found out that workers in many markets cannot afford rent payments for a two-bedroom apartment. The findings are based on…

Know the Benefits of Homeownership

June 29, 2010
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Homeownership has many benefits that come with it.

The most obvious benefit is building wealth. The U.S. Department of Housing and Urban Development (HUD) notes that “home equity is the largest single source of household wealth for most Americans.”

Home equity is the difference between the home’s fair market value and the outstanding balance of all liens on the property. Let us not forget about appreciation. Whilst there is no set year-to-year rate that is considered normal, reports indicate that you can expect around a 6.5 percent average value increase in your home each year.

Other wealth builders to consider are tax breaks and tax credits, such as the deductibility of property taxes…

Get Your Home Loans Approved

June 21, 2010
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Nowadays, the economy tries to rebound from a four year slump, but the housing market has never been better.

Through low interest rates, foreclosures at an all time high and property values a fraction of what they were a few years ago, the real estate market has never been better to buy into than it is now. There is also government assistance to help you pay for your down payment or tax exemptions, there is no reason you should avoid taking advantage of this great situation.

Years ago the economy and especially the housing market got into trouble because no one was thinking carefully.

Banks were so eager to get as many mortgages…

Maintain that Perfect Summer Home

June 8, 2010
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Nowadays, summer homes have become more and more popular as more people are able and willing to take more vacations. There are a lot of different regions in the United States like in the Northeast where people can own a vacation or summer home.

With that, some people who have purchased summer homes cannot maintain the property and unable to use them anymore. This is when people decide that they will have it rented or sell it to someone else.

Here are some tips on how to maintain your summer home so you can have it rented or sell to someone else.

One of the first things that you can do to prepare…

Buying a Home is Still an Excellent Investment

May 31, 2010
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A survey reveals that the portion of Canadians who are “very likely” to purchase a home in the next two years has increased from seven percent to 10 percent since the same question was posed two years ago regardless of the difficult economy and concern about climbing household debt.

The media has been full of speculation about house prices being unsustainable in Canada, but the appeal to homeownership remains strong among those surveyed by Ipsos-Reid on behalf of RBC. An awe-inspiring 91 percent of Canadian homeowners believe a home is a good investment.

According to the survey, people aged 18 to 24 are most likely to buy in the next two years.…

Tricks on How to Sell your Condominium

May 26, 2010
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A lot of owners of condominium units who want to make some money choose to either sell or rent out their unit. If you are of these people, here are some tricks you can use to get the word out there (and get a good price), in particular if you plan to do a lot of the work yourself, instead of letting an agent do all the work.

Firstly, catalogue the good points about your condominium accurately and in detail. You might think you know your condominium like the back of your hand, more so if you have lived in it for years. However, you might just miss some assets that…