Monthly Archives: May 2019

Understanding Order Of Liens On A Property

In order to buy a tax lien property you must first decide which states or counties are conducive to producing conditions that will allow you to end up in ownership. In addition you may want to consider purchasing tax deeds instead, as the process is set up in a way that gives you a better chance at property ownership.

Before you buy a tax lien property you have to purchase the tax lien certificate first. In order to get a certificate you will have to bid on the sale in many cases. This process can differ from state to state, and county to county. The bidding process starts at 18% in Orange county Florida and they in fact begin to bid down from there. In other words, whoever is ready for the lowest amount of interest will end up winning the certificate.

In general, assuming that you win the bid for the tax lien property certificate that you are interested is to foreclose on the assets that you have. This process varies from state to state but usually you will have to wait until the redemption period is over, in order to start the foreclosure procedure. The redemption period can differ anywhere from six months to a few years.

Here are the different types of liens:

1. IRS liens: IRS liens take precedence over any other lien on a piece of property. Once you find out the amount of the IRS lien, you may be able to speak with the IRS and negotiate how much they will accept to forgive the arrearage.

Tip: Make sure you get that in writing! Another little known fact is that after 10 years, unless the IRS renews the lien, the lien drops off their list.

2. Real estate liens: Those are the next on the priority list. Those must be satisfied. If you go to an auction and if enough money is paid for the property to pay off only the first mortgage, then everything beneath that on the priority list is wiped away. If you buy a second mortgage and then you have purchased everything above that on the priority list. You need to have completed your due diligence and know the lien priority.

3. Other liens: Other liens may include
Second Mortgage
Homeowners Association Fees
Mechanics Lien
Lawsuit
Judgment

All these other items go on the priority list by the date on which they were filed at the County Recorders Office.

Choosing An Energy Star Home

When you make the decision to build a new home, you want a builder who will provide the highest quality at an affordable price. Many Knoxville home builders can offer competitive prices but when you are investing in a new home, you want the best. Home ownership is a great investment, but it can also cost a lot of money over the years. You can save in future ownership costs if you choose a builder who can build an Energy Star qualified home.

What Is Energy Star?
Energy Star is an international, governmental standard for energy efficiency in consumer products. When you own an Energy Star home, you have a home that performs better than most homes in America. Your cost of upkeep and ownership is reduced, and your home will last longer without the need for repairs.

What Makes a Home Energy Star Qualified?
Energy Star homes have higher standards for insulation and water management. In an Energy Star home the walls, floors, and ceilings are all tightly sealed and properly insulated to reduce drafts and leaks. Proper insulation not only provides lower energy costs, but also better air quality. Energy Star homes will have protection from more pollen and dust then regular homes.

Energy Star homes also must have efficient water management systems. There must be a way to direct water off of the roof and away from the foundation. This keeps your roof in better condition for longer, and protects the foundation from water damage.

What Is A Buy To Let Mortgage

Buy to Let Mortgages are loans specially designed for anyone who wishes to invest in the property market by buying one or more houses and renting them out to tenants. Buy to Let Mortgages differ from previous investment vehicles by specifically using the rental revenue as the main factor when determining the ability of the buyer to meet the monthly mortgage payments. Many high street banks and building societies now offer a buy to let mortgage product. The percentage which the buy to let lender is willing to lend is likely to be restricted by many lenders to 85% of the value of a property.

Buying Property

Buying property to let has become increasingly popular to the UK investor. Buy To Let mortgage lenders differ in approach. Buy-to-let borrowers do have to jump through some extra hoops to satisfy mortgage lenders. The buy to let mortgage term can be anything between 5 and and 45 years. When buying to let it is important to know the market in which you will be trying to let your property.

Buy To Let Property

The more you are willing to do a property up, the higher the potential profits. There is the danger that the property could lie empty for long periods and the market could suffer a downturn. There is a real advantage if your buy to let property is close by as you will be able to manage the property yourself. However, if you are employing the services of an agent then the vicinity of your properties is not a real consideration. One rule of thumb many buy-to-let investors apply is to factor in the property sitting empty for two months of the year this gives a substantial buffer. Finding the right property is key to the success of your long-term strategy.

Buy To Let Mortgages

Popular perception is that buy-to-let mortgages are hugely expensive and very restrictive. However, the interest rates available for buy to let products is really not that much higher than a regular residential mortgage. Landlords also have a choice between interest only and repayment mortgages. To begin with, buy to let mortgage lenders do not use the applicants income solely as a basis of approval, instead they base their decision mostly upon the likely rental income that the property will achieve. Over the long term, though, both the capital value of the property and the rental income should go up, making buy-to-let a balanced investment. Usually, regular buy to let lenders will demand the rent to cover at least 125% of the monthly mortgage payments. However some specialist lenders are more relaxed and may only require 100% full coverage.

Buy to Let mortgages are not regulated by the Financial Services Authority. Even though buy to let property is a fairly safe investment taking into consideration the historical movement of house prices, you still need to check the market very carefully before going ahead with a purchase.

Knoxville Reia – Real Estate Investors Association

Across the country big cities are sprouting up their own real estate investors association. Knoxville, Tennessee is no different. Entrepreneurs in East TN have several options for real estate investing education. They can get information from books on the subject, become an apprentice of a seasoned investor or study a course on the topic. The Knoxville Real Estate Investors Association (REIA) is the easiest place to start. It’s like the previous three (book reading, apprenticeship and a course study) ALL ROLLED INTO ONE PLACE. Members learn to use the power of leverage by concentrating their efforts on mentoring, networking and education.

At the Knoxville area REIA (Investors Club Meeting) members discuss topics such as foreclosures, REO’s (bank owned) properties, short sales, wholesale deals, flips, rehab and rentals. Members learn what they all mean and how to use them in their business.

Mentoring –

Club members can become an apprentice to a seasoned investor at the REIA. The mentor can help them decide what is the best strategy for accomplishing their investing goals. A good mentor can shorten the learning curve and greatly accelerate the road to success.

Networking –

Successful property investors at are actively building their business. They are the one’s who are doing deals and making money by investing, because they have a large network of business contacts. REIA members understand the importance of networking and building relationships in the property investing business.

Education –

It doesn’t matter if the members of the REIA are veteran investors or if today is their first day learning how to invest. Real Estate Education is a life long process and it goes without saying that active investors should never stop learning. The Knoxville REIA brings together the best in investing information available in TN to help it’s members earn more in real estate. Their goal is to bring it’s group of investors the most up-to-date education.

Past Speakers –

In the past the Knoxville REIA has been hosted by real estate guru’s such as Lou Brown, and Than Merrill of A&E’s “Flip This House” (just to name a few).

The Knoxville REIA offers education from seasoned investors that are there to speak about their particular area of investing expertise. This is how members learn from their mistakes. It saves them both time and money. Find out how to take the next step. Current meetings are held in west Knoxville on the third Tuesday of every month (subject to change).

Deca Homes Cebu – A Few Features Of Obtaining A Condominium

Deca Homes Cebu has a latest venture named Urban Homes but now it is a condominium and not just the typical townhouses and housing projects. It is located at Mandaue city, Cebu Philippines. Matter of minutes away from SM, Ayala, IT Park and various attractions in Cebu. This is actually the very first time that the 8990 Real estate Development Association ever develops a condominium product.

Even though their not used to Condominium development nevertheless its decades of experience in structure purely demonstrates that this can be a remarkable residential construction. Regarding this hottest condominium project, Let me go over the many benefits of Condo Dwelling.

Five Benefits of Living in a Condominium

1. Safety – Many condominium include modern basic safety technology including CCTV Camera, Fire Safety Features, Crisis Response System, 24×7 Security patrols and a guardhouse, and so on.
2. Lesser Maintenance Cost – Comparing with a traditional Houses and lot, condo lifestyle is significantly cheaper in maintenance. In a condo, one can have most of the safety and security procedures earlier talked about in a really little monthly payment. You can save funds from paying a cultivator in maintaining the beauty of your garden. Condominiums are also less vulnerable to BURGLARIES and GRAFFITI.

Let us take a look at an example calculation on how much could you save on security officer wage:
Security Officer (One Shift / day = 8hrs) – P6, 000 to P10, 000 a month
24hr security = 3 Changes of Guards / day – P18, 000 to P30, 000 every month

3. Leisure and entertaining – Condo’s have several resources: Pool area, Play areas, Clubhouse, Function rooms, Fitness gyms, and so forth .. Consider what amount of cash you will have to invest to possess all of these facilities if you place it in a house and lot.
4. Convenience and comfort – When you reside in a condominium you have diligently crafted lobbies and maintained landscapes. And a standby electrical generator system which offers 100% backup electric power generation. 100% which means that during electric power failure, not alone the lobbies should have lights but the entire building are going to have energy.
5. Life style Alternatives – This is actually the meat of condominium dwelling. It is all about lifestyle. You possibly can reside one or two blocks away from your favorite hangout bars, cafe’s, diners without having to worry for high traffic.

Condo is suitable for foreigners in the Philippines mainly because they can acquire the unit 100% through a condo title. In contrast to house and lot which they don’t hold the right to own. Except when they’ve got a Filipino other half, however the title will likely be in the name of the Filipino. This is certainly one reason why Deca Homes Cebu is now leading towards condo building.

Is there any sort of on a monthly basis payment in Condominium Living?

That’s right there is! Around the Philippines they it is known as Condominium dues. This is basically the cost for the maintenance of the entire structure. Regular condo dues within the Philippines are around 40 to 80 pesos for each and every sq . meter. Therefore, if your condo unit has a total floor area of Thirty Sq . meters and the condo dues is Forty pesos per sq . meter, your regular monthly expense will likely be Php 1,200.

That’s it! I really hope I have assisted you a little bit on this post and so I wish you success in selecting the most suitable condominium unit on your behalf.

Things To Consider Before Buying Property Online

Buy Bulgarian Properties online

Buying property is exciting but a stressful and expensive process. You work day and night, spend thriftily, make investments and take loans to buy your own chunk of dreamland. Nevertheless, it is imperative to keep certain things in mind before you buy a property. You may face good load of troubles but you should also know how to tackle them all. If you want to make your home buying experience easy and stress-free, you can always hire a professional real estate agent. If you are looking to buy Bulgarian Properties online, you should seek services of a professional real estate firm.

Analyze and Research

When you are searching a property, make sure that you do appropriate research. Count the number of real estate agents in your area and find out who is best service provider. Visiting each website helps you gather detailed information about the realtors and various properties that they are selling. There are customer reviews on every website that help you to find out authenticity of the website. Evaluate and analyze property details, images, size of property and type of property. Check out the procedure of purchasing. In addition, ensure that the real estate agent has a good reputation in market.

Pricing and Affordability

Some real estate agents also provide an option of financing that helps a customer in getting finance if he is anywhere short in making a full payment. You should primarily check the pricing details and then make your next move. If you find a property that suits your requirements, you can compare price on other sites too. Different companies offer deals and discounts to customers but you may also negotiate with the dealer to give you a concession. You should investigate about the presence of hidden costs as they can spoil your financial plan. If you want to buy Bulgarian Properties online, always keep in mind the affordability factor.

Services

Professional realtors provide several services like Comparative Market Analysis, facilitating a purchase, Total Market Overview, document preparation, real estate appraisal, exposure to property, home selling kits, property management, leasing, consultation, exchanging property, and prepare contracts. Make sure that your real estate agent you plan to hire is offering all these services. In order to confirm the things, you should make a call or email the officials for necessary information.

Goodwill of the firm

When choosing a real estate firm, you should always check for its reputation in the market. Make sure that the company has years of experience in the sale and purchase of properties and has a good customer base. Buy Bulgarian Properties online only from those realtors who are working under guidelines set by government of the state.

Useful Checklist For Buying Commercial Property

Buying commercial property is as challenging as purchasing real estate unit. Perhaps, it requires more skills to search for a good commercial unit than to look out for a dwelling place. Parameters like the location, the prominence and the appearance of your commercial property would be influencing your business to great extent. Hence, you must be very tactful while looking out for buying commercial property. Take a look at the following checklist for buying commercial property.

Important Checklist for Buying Commercial Property

Decide at first what kind of commercial property you are looking for. Whether it is an office space or a customer oriented commercial property like a book store or a cafe. For the later of the two, you would definitely require a space which has good location and ample space for the convenience of the customers.

For buying commercial property you are advised to take help of a good real estate agent. The real estate agent would help you in short listing the properties that fit best with your kind of business. He would use his professional experience to identify the locational needs of your business and accordingly may advise you to negotiate for the right property with the correct price quote.

Appointing a real estate agent is also quite useful as by doing so you would be free from the burden of tackling the complex legal paperwork. You need not have to be worry about filling and submitting of the forms and necessary documents required during the transaction as these will be taken care by the agent in your presence.

While buying commercial property, if you are left with some extra amount of money for investment, purchasing commercial unit with some extra space would be a good idea. In future, your business would certainly expand and as a result of which you might soon be requiring more space to accommodate your commercial needs. In that case, you may use the extra space bought by you. Else, you have to again start the long process of looking out for bigger commercial properties elsewhere.
While buying commercial property, make sure that you receive important documents like the NOC and such from the previous owner of the property.

Dyson Vs Hoover – The Value Of Intellectual Property

Most people have heard of a Hoover, but almost as many have now heard of a Dyson, too, as the brand has become synonymous with innovation in vacuum cleaning, and in other household products, too.

Dyson’s success – the company now has more than a third of the UK market for vacuum cleaners – has not been without conflict. One major factor in its advance has been make sure that its product innovations – in combination, the company’s intellectual property – were carefully protected.

Legend has it that James Dyson was inspired by the air extractor at a coating plant, and used this inspiration to create his famous cyclonic vacuum cleaner. The initial frustration that made him look for a new idea was how the efficiency of his regular vacuum cleaner decreased as dust filled its bag.

Dyson had the good sense to consult an experienced intellectual property (or IP) lawyer who advised him to ensure his new technology was patented. And, thanks to that important step, he was in the ideal position to be able to defend himself against a much larger rival, when they developed a product that looked remarkably similar to his cyclone vacuum. That rival was Hoover, who Dyson took to court in 2000 to sue them for patent infringement. It is understood the successful claim meant around $5 million in damages – but more importantly, it stopped Hoover and others from copying the Dyson design and ensured his leading design had no clear rivals in the marketplace.

Hiring a specialist IP lawyer as Dyson did will make sure you are informed about the best way to protect your intellectual property, whether through use of a patent, or another route such as registering a trademark or a copyright. It is vital to seek advice and take action early; had Dyson waited until his first model was selling well, he could have laid himself open to having his proprietary design copied, without any legal protection or comeback against those benefiting from the sales of a product with a similar design.

With patents, the rules of patentability are specified by the law, with certain discoveries disallowed from the process. These exemptions include items already existing in nature, scientific theories, and some diagnostic methods. And to qualify, a new product must be capable of actual manufacture; and it has to be obviously new.

Taking advice on your intellectual property from an experienced, qualified IP Lawyer is hugely important when considering whether a patent is the best way forward for you, as well as when making sure that you have filed the documents properly and so afforded yourself the best commercial protection. Taking the right IP advice could mean your invention turns you into the next James Dyson!

The Origins Of The Six Percent Real Estate Agent Commission

The commission paid to the Real Estate agent is a serious amount of money and a concern in any transaction involving the sell of Real Estate. Where did this six percent commission come from?

The idea of a 6% Real Estate commission being paid to the agent originated during the 1940s when local Real Estate Boards openly engaged in price fixing to establish a standard rate. This process was an out and out case of an unfair practice, but the 1940s was a time when the attention of the country was directed to some serious external matters and the idea took hold and spread quickly through the industry.

In the early 1950s, the Supreme Court ruled that an established 6% commission was illegal. Rather than open up commissions to a more competitive and free market system, the Real Estate Boards merely shifted gears with a bit of fancy linguistic footwork and began to call the 6% commission the suggested amount. During the 1950s and 1960s, they managed to get away with this practice without much trouble as the majority of real estate agents complied with the suggestion.

In the 1970s lawsuits brought against the Real Estate Boards effectively put the skids on this practice. The Real Estate agents commissions were opened up to competition without the Boards either being able to mandate or even suggest 6% as the carved into stone rate. However, the rate did not alter very much in the years following these court cases. Although the rate may not have been carved into stone, it was pretty much established in the Real Estate market as a standard.

Generally, competitive markets benefit consumers. As long as someone is willing to offer a discounted rate, it would seem that the consumer stood to save money. However, the proponents of a standard 6% rate commission point to such things as health care to argue that the standard rate may actually be helping the consumer by holding the commission down to 6% rather than propping it up to that level. Although the cost of health care is not regulated, the general trend has been straight up off the charts.

Real Estate agents would be quick to point out that if you were to take a close look at just about any service or product being offered or sold in the 1940s, you would find a very serious increase in cost to the consumer. Except for Real Estate commissions which are still right around 6%. The amount being paid to the agents has increased greatly merely because the value of the property being sold has increased. Today, the internet has been responsible for a few chips in the rock of the 6% commission by offering some straight fee or reduced rate services that allow the sellers to list their own properties. The results are still mixed and the 6% commission is still the standard.

Invest your money in Brampton Real Estate

The city of Brampton offers you a diverse and vibrant lifestyle between some of the finest flower beds and most beautiful gardens. It is the second fastest growing city and 11th largest city of Canada. Standard & Poor’s provided it triple ‘A’ credit ranking for its economic importance. It is situated near Lester B. Pearson International Airport and boasts of some of the best businesses in manufacturing, retail and wholesale sector.

If you are planning an investment in Real Estate, Brampton offers you great opportunities. It has been recognized as an Internationally Safe Community by World Health Organization. A recent study by Real Estate Investment Network states that the investment in Brampton Real Estate will increase in next three to five years. It has been placed fifth in “Top Ontario Investment Towns 2011-2015 Report.” .”

This city offers some great parks with ample outdoor sports facilities. It has libraries, hospitals, educational facilities, shopping centers and religious places all in easy reach from every place. It has residents from different parts of world, with different languages and different cultures. So it is one of the few places of world, where you can get a glimpse of diverse cultural values.

So if you want a great return on your investment, Brampton Real Estate can be a perfect choice. You’ll never regret your investment in here. This city has shown a steady and continuous economic growth in last 10 years. The studies predict that by 2031, the City’s population will grow to some 725,000 that is at present about 500,000. It creates an optimistic picture for home’s demand in coming future.

If you love large open spaces and big houses, Castlemore provides you all that you need. You can feel a touch of open air and can reach Brampton or Vaughan within minutes from it. Many big projects are under construction in this city of possibilities. Before investing in here , it is necessary to get the assessment of Castlemore home values from a good home appraiser.

The city of Vaughan has everything to attract investors’ attraction. Its rich arts and culture are enchanting to your mind. McMichael Canadian Art Collection gives you the glimpse of some finest pieces of Candadian arts. This city has a rich historical importance. It is home to all necessary facilities including entertainment, health, schools, shopping and night life. If you want a safe investment of your money, you can search for Vaughan homes for sale . Daniel James is an expert in Castle Home values and Vaughan Homes for sale. He has written many articles in real estate and has helped people to gain more through their investment in Brampton real estate and Vaughan homes for sale. He can provide professional advice on Canadian real estate market.