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Foreign Condominium Ownership In Thailand And Sale-able Floor Area

Foreigners are not allowed to own land in Thailand in their own name but foreigners are allowed to own and buy condos in Thailand freehold in their own name. Buying a condominium in Thailand is a popular real estate investment for foreigners but foreign ownership is limited to a quota. Foreign ownership in a condominium or condominium development project is limited to 49% of the sale-able total floor area within that condominium. The remaining 51% of the floor area in the condominium must be owned by Thais.

An important aspect of a condominium purchase is the fact that the unit falls within the 49% foreign ownership quota within such condominium.

With sale-able floor area is referred to the floor area of the condo, and not the common areas within a condominium. The floor area of a condominium unit is stated in the condominium unit title deed, which again relates to the voting rights in the condominium juristic person and co-ownership in the common areas.

Condominium projects in Thailand are often sold during the construction and prior to completion of the building and issuance of the official government issued ‘condominium unit title deed’. The foreigners buying a condominium under construction in Thailand will find in the sale and purchase agreement that the purchase price is based on the square meters of such unit to be built or completed. The purchase price usually contains the condition that the purchase price will be adjusted based on the final floor area as will be measured by the Thailand land office surveyor when the unit is finished. Upon completion of the condominium building in Thailand the final floor area will be stated in the official ownership condominium unit title deed. This size is based on the official survey by the Land Department. It is not uncommon that the final purchase price is adjusted with up to 10% difference from the purchase price in the condominium sale and purchase agreement. It is important to be aware of this aspect.

The final floor area is measured by the Land Department and stated in the condominium unit title deed which is administrated and issued by the Land Department. In the Thailand Condominium Act the floor area of a condominium is referred to as private ownership and the wall dividing apartment units shall be joint ownership between the adjoining units.

Common ownership in the condominium is among other the land on which the condominium is situated, the frame structure of a condominium, the office of the condominium juristic person.

When buying a condominium in Thailand it is important to understand the legal procedure and restrictions for ownership in a condominium based on the saleable floor area.

For more information samuiforsale offers free Thailand property related legal information for foreigners.

Millhouse Ventures Ltd- las vegas realestate

Millhouse Ventures Ltd introduces an opportunity of investment in Las Vegas Real Estate which is now among the hottest US markets. Investors from all over the US and outside of it have been lured to South Nevada area as it is teeming with cheap houses due to foreclosures and bank repossessions. These foreclosed properties and reo-properties present a very promising prospect investment with a potential of high returns. Homebuyers investing in Las Vegas real estate recognize this potential of Las Vegas foreclosed properties and many purchase houses with one cash payments. In fact, such large volume of buying transactions involved foreclosed properties and bank-owned properties that they now dominate Las Vegas real estate market. Short sales as an alternative to foreclosures, are more profitable for the banks and a less competitive option for the buyers. Statistics show great ROI number on Las Vegas real estate investment which make it a prudent choice for any portfolio. Millhouse Ventures LTD specializes in distressed single-family homes in Las Vegas and area. The company business model allows its investors to capitalize on the unique opportunities recently created in the US market. It has an expertise to structure the best case scenario for each portfolio, whether it includes a short-term or a long-term hold, or a rental option. Company projects involve either a single asset, or a group of asset to suit investors’ needs. Millhouse Ventures is committed to provide high returns to its investors, while operating in a systematic, time-tested methodology backed by years of experience.

Condominium complexes A House For The Modern Filipino

The number of condominium Philippines have steadily grown in the market since its first introduction. According to many experts, the reason why condominiums have become so popular in the Philippines is because of its many benefits in which many Filipinos living a fast-paced lifestyle have taken advantage off, which is its location.

Many condominiums in the Philippines are found in business and commercial districts, which allowed its residents to live within walking distance to their workplaces, a feat rarely found in other types of housing, except maybe from apartment buildings.

However, many new condominiums in the country have evolved to a more peaceful type of housing. These new types of condominiums are known as condominium complexes.

Condominium complexes: A house for the modern Filipino Condominiums first begun as a type of housing in which many Filipinos have benefited from, which is because of its location. It is also known as one of the most popular modern housing in the Philippines because of its many benefits which caters to every Filipinos’ needs, particularly in today’s modern and fast-paced lifestyles.

However, other than these types of condominium Philippines, a number of new condominiums have been introduced which offers a different kind of advantage for other Filipinos. One of the most popular new types of condominiums today are condominium complexes.

Compared to condominiums found in the city, these types of condominiums are mostly found in the outskirts or even in provincial areas, which is why these types of condominiums are known for its serene and relaxing environment.

Although condominiums in the city can still provide the necessary privacy and peace for its residents even in the busiest district, condominium complexes are known to offer a different peace and privacy in which many Filipinos are looking for, particularly for their growing family.

According to many Filipinos, condominium complexes are known for its benefits which are popular among the many modern Filipino families. In addition to its family-oriented environment, condominium complexes are also known for its amenities in which many Filipino families can benefit from such as swimming pools, gyms, sports complexes, recreational parks, as well as playgrounds.

Because of these new types of condominium Philippines, many Filipino families have now been given the chance to experience living in a modern type of housing which can provide them with everything that they needed, particularly the needs of their family and growing children. For more information visit to our site at http://www.atayala.com

What Is A Reverse Mortgage

What is a reverse mortgage? This is a question that is being asked by a lot of people. The answer is that this type of mortgage is for anyone that is over sixty two years of age that owns their home free and clear.

These are the two main factors that determine whether you are eligible for reverse mortgage or not. Basically you can get cash from the equity you have in your home. You can get a small loan or a larger sum of money depending on what you need to survive everyday easier.

This type of loan was put into place to help the elderly survive when their income becomes reduced drastically and most are unable to work.

There are two ways that the money can be paid to you: in one lump sum or as scheduled payments. There will not be a monthly payment that is required for getting money this way. The payments will begin only when one of three things happen which are below:

1. When the person who owns the home passes away and the house is sold on the market. Selling the house will ensure that the loan is paid off using the proceeds of the sale.

2. If you decide to sell the home before passing away then the same will hold true. The loan will be paid off using the proceeds from the sale of the house.

3. When the person who owns the home has to be put into a full time care facility the loan will be need to be paid in full. Again this can be achieved by selling the house. You also have the option with this to rent or lease the property instead and then the payments will be made to the holder of the loan.

Before deciding to get this type of mortgage loan you need to do your research on it and be sure you understand as much as you can about it so you can decide if this is your best solution to secure the money you need to survive. Also talk to a mortgage lender to help you make the smartest choice possible.

Now that you know the answer to the question what is a reverse mortgage; you will be better able to make an informed decision to help you in your time of need. If you are over the age of sixty two and own your home free and clear than taking advantage of this type of mortgage could mean the different between you surviving easily or struggling to survive.

Condominium Insurance Are You Really Insured

Condominium Insurance
Are You Really Insured?

Are you properly insured against fire, theft or water damage to your condominium or townhouse? If a disaster strikes, who is going to repair the damage? Will your condos insurance cover damage inside the condo or is that up to you?

You may need to get what is known as an HO-6 policy. This type of insurance protects you – the owner of the condo or townhouse and makes sure that your home gets returned to its proper condition following a disaster.

When most people first buy a condo or townhouse they call their insurance agent, explain they are purchasing a condominium unit and that they need to provide proof of insurance to their lender. The agent then supplies proof of insurance for the mortgagee in the form of a Certificate of Insurance or some other Proof of Insurance and the transaction is complete. Usually that proof of insurance relates to the condominium association master policy, not to your personal condo unit.

In most cases, however, there is large gap in coverage for the interior of your condo. Most condo association master policies just cover the exteriors and common areas. If you, the condo owner suffer a loss, you most likely will be underinsured or not insured at all unless you had an HO-6 policy.

In order to fully determine the adequacy of your coverage, you and/or insurance agent need to review the condominium master policy and the condominium governing documents (CC&Rs). It is possible your condominium has walls-in coverage on their Master Policy (now required by Fannie Mae). However, this may be a false sense of confidence in the coverage as walls-in coverage would likely be limited to replacing the interior fixtures with what was originally installed.

So, if you have a 30 year-old condo that was upgraded recently with granite counters, custom cabinets, marble flooring, dual-paned windows, etc., then you would only be paid to replace the original fixtures formica counters, green shag carpet, low-grade cabinets and single-paned windows. However, an HO-6 policy with replacement cost coverage would assure you that you have coverage for what you had at the time of loss. Just as important, the HO-6, in Coverage, A will probably insure the condominium association master policy deductible if it is assessed to the unit owner.

Even worse would be to discover your condominium association only had a bare walls policy. This means that you have absolutely no coverage for anything inside your unit. If you suffer a loss, you would essentially be without coverage unless you also had an HO-6 policy.

Purchase a Commercial Property in CV Raman Nagar

Are you planning to launch a new business on your own by owning a Property in CV Raman Nagar as per your financial capacity? Then, the land value in the region is set to rise immensely because of the overall development in the region to a maximum extent. Particularly, the entire region is suitable for all those people who would like to setup their organization for strategic benefits. Instead of considering lackluster property deals elsewhere, it is better to consider the best property deals in the prime location. Moreover, the fact that such land deals are offered to you for an affordable price will prove to be even more worthy for you.

Realize the Best Benefits by Buying a Property in CV Raman Nagar:

There are multiple benefits that you can obtain by concentrating upon the profitable land deals in the region. Cheaper rates are collected in return for the provision of a valuable property to you in one of the busiest locations of the city. Several other benefits such as the ones given below will prove to be even more advantageous for you.

1. Flexible features to choose from 1 BHK to 3 BHK apartments
2. Price range can be selected according to your financial capacity
3. Easy payment options provided along with EMI facility with ease
4. Reputed property agents operate in the region providing best properties

Online booking facility too is available for even those who are in urgent requirement of a plot for constructive one of the best building models in the city. However, you can get a better deal by concentrating on those land models that have been not preferred by most of the buyers for one or the other reason of personal priority.

Regular updates should be had regarding any Property in CV Raman Nagar in order to experience lasting benefits in the long run. It is not possible to purchase the land in the desired location without going through the facts and features that are provided by the private landowners for your overall benefit. In fact, you can through the benefits of purchasing a land in the region by contacting local dealers. Alternatively, you can choose dealing with a real estate developer who concentrate exclusively upon each and every feature for the benefit of homebuyers. Maximum value could be obtained thus for any Property in CV Raman Nagar you buy.

About The Author:
The author is a prominent real estate consultant and is an advisor to some of the leading real estate companies in India. For more information on “Property in CV Raman Nagar” visit .

Will A Career In Commercial Real Estate in Detroit Suit You

For investors who have some capital under their belts, commercial real estate in Detroit can be a lucrative way to make more money. While it’s true that you will need some business experience and already have some money in order to make it work, if you are successful, you stand to make a great deal of profit. You do need to know your facts about commercial real estate in Detroit first though, and as with any business venture you will need to do your research before you enter into any kind of venture.

There are six different sub categories of commercial real estate in Detroit: leisure, retail, office, industrial, health and multi-family. The credit crisis has meant that the retail sector may not be as strong as it used to be, but the commercial markets are still pretty lucrative for people who are well connected and ambitious. Leisure incorporates hotels, restaurants and cafes, while retail is concerned with shops, malls and shopping centers. Corporate and serviced offices make up the office commercial real estate sector, while industrial is dedicated to warehouses, distribution and garages. Health real estate is concerned with hospitals, nursing homes and medical clinics.

One tip is to go into commercial real estate in Detroit, in whatever profession you have working experience in. That means, as an ex-hotelier or restaurant owner, you are likely to have a network and insight into the leisure sector and could do well by expanding your knowledge into the property market. Doctors who have made a sizeable nest egg and are familiar with the practicalities of running a medical practice tend to do well when it comes to medical or health real estate.

It’s not only about buying a property and renting it out, so your previous professional experience can only take you so far. In order to be successful, you need to have good interpersonal skills and a strong financial acumen, and having made your money working for someone else for years, it may benefit you to do a course before you plough all your money into a real estate venture.

You also need to be relatively well connected or at least have an idea of where you can find suitable clients that you can rent your properties out to. You will need market awareness of the lease durations your clients will need and the payment terms that will make your commercial real estate in Detroit attractive to potential customers.

For more information about the Detroitcommercial real estate, please visit our website.

Things You Need to Consider While Dealing a Berlin Real Estate Property Agent

Buying a home in Berlin could be an important decision for you, but it is essential that you have proper idea on what you need to follow in terms legal activities. Without proper legal documents it is difficult to purchase any property, apartment etc in any country or location. Certain things like land registration, contracts etc are literally important to decide on buying a particular property.

Mentioned below are four important things you should know when dealing a Berlin Real Estate property agent:

Land Register

The extract of the Land Register Officer is the most important thing you should have when purchasing a Berlin property. The Land Register Officer is mainly administrated by the Land Registry at the local court. Having a proper document form the land register officer will help the potential buyers to get certain justification in regards to the banks, creditors, notary officials, real estate agents etc. The actual extract given by the registered officer is required when you are buying a property in Berlin.

Contract for Purchase

Another important thing that you need to consider about is the contract for purchase. A purchase contract should explain all important features about the potential buyers. Some of them include: introduction of the parties, proper description of the property, conveyance of the property, price of the apartments, warranty, cost of purchase etc. Purchase of all apartments in Berlin is subjected to an essential notary recording. A contract is invalid if it is not notarized.

Purchase Contract for Building Developer

This is another important issue that you need to take care while purchasing a property. According to this scheme, the purchaser needs to show proper documents explaining that he is obligating himself to buy a house or an apartment and is liable to payment ready at the time when the construction of the building is completed. Such contract prevents the real estate agents to sell an undeveloped property.

The Baugruppe:

It is an important partnership that focuses at circumventing commercial building developer. With the help of this contract the partners are able to select and plan their building concept. It is usually a mutual and private partnership that offers joint and several liabilities of the partners. This contract supports on the harmony as well as the communication among the partners and their will to understand all problematic situations.

Maintaining all the above mentioned points ensure that you deal with the most suitable real estate agents in Berlin and most important you end up with purchasing a proper home for you.

For more details about property and apartments in berlin log on to buyberlin.co.uk

Predictions Are For A Slowing Real Estate Market In Canada

Contingent on who you question, you will find varying viewpoints on when and how the Canadian housing market will cool down from its recent meteoric climb. For instance, TD Bank economist Pascal Gauthier bluntly stated in an interview with “Globe and Mail” this month that even though housing prices will carry on increasing by 9% over the 2009 figures until the middle of 2011, they will then sharply fall — possibly as low as 2.7 percent. But economist Sal Guatieri of BMO Capital Markets is somewhat hopeful, telling “The Montreal Gazette” that the overvaluation that resulted in the real estate bubble will just affect large cities, and should not bring about the kind of nationwide collapse anticipated in the US market. However they both agree that the Canadian housing sector will need to cool down, but just how soon it will take place and how quickly it will fall is the question still up for debate.

Guatieri indicated that the price for a family residence should be “about four or five times income,” however the current market in Toronto and Vancouver is closing in around $700,000, which averages 10 times the earnings of the home owner. Even though TD Bank had at first forecast 1.6% gains in 2011, this kind of real estate hyper inflation in the middle of economic recovery has in fact compromised the market, and they are already seeing the signs of cooling this year derived from the surge of new housing starts and new listings. places like Mississauga are still seeing an escalation in new Mississauga condominiums but sales could start to cool.

In their discussion with “The Vancouver Sun,” TD admitted that their forecasts have been off in the past, because their late 2009 forecast did not anticipate the rise in first quarter sales for that year that was an unpredicted “move by buyers and sellers to pre-empt regulatory and interest-rate changes”. The looming harmonized sales tax due to take effect in July in Ontario and British Columbia definitely impacted markets in those provinces. In expectation of this July time limit, the Bank of Canada has now declared its intention to lift their overnight target rate by July to counterbalance the recent record breaking low rate of 0.25 percent. Higher borrowing costs should act on cottage country with deduced values for places such as Wasaga Beach real estate and this could constitute an opportunity for buyers.

As family incomes catch up with the level of inflation — a whopping 8 percent over the past 8 years — TD predicts that overvalued housing prices will continue to fall from 15 to 10 percent by the end of next year. This is bolstered by a decline in MLS sales, that as well includes Toronto MLS listings, over the last 6 months that the Canadian Real Estate Association has observed. But everyone can spot signs that the whole housing market has been affected by the high percentage of boosted values in the cities — how far this influence will spread is the primary question.

Gauthier describes his forecasts are a consequence of the “stronger supply response,” and that the “market balance is now expected to be somewhat softer next year, consistent with market conditions more favourable to potential buyers and a mild depreciation in home values”. But Guatieri thinks the approaching slow down period does not automatically mean that housing prices will indeed fall, however predicts it as a gentle adjustment after the recent surge. One fact both Guatieri and Gauthier do foresee on the horizon, though, is that regardless of when it strikes, the calming trend will not last forever, and inside of 3 years the average real estate price in the country should find a equilibrium and return to its fair market value.

The Dallas Condominium Market Continues To Surge

Someone forgot to tell Dallas that the real estate market has cooled off.

This booming, major metropolitan area has enjoyed phenomenal growth in the condominium sector thanks, in part, to its four-star restaurants, unsurpassed cultural activities, world-class shopping, a flourishing financial and business district and a spectacular skyline, all of which have attracted young professionals and baby boomers looking for a simplified, exciting lifestyle.

Old industrial sights and abandoned neighborhoods have given way to condo living at its finest throughout Dallas. Much of the growth has been attributed to Dallas efficient, light rail system, which allows professionals to ditch the car in favor of more resourceful means of transportation. What could be better than residing in a high-rise, luxury condominium, just steps from all of the excitement and opportunities of the city? Well, how about a panoramic, city view. Or a putting green. Or a rooftop, saltwater swimming pool. Or a full-service spa. Yep, this is what condo living in Dallas is all about.

Whether you enjoy Uptowns trendy, urban district with chic restaurants and high-profile developments, or the art galleries, retail shopping and efficient transportation of the Downtown area, luxury condominiums are catering to young, urban professionals and empty nesters searching for their slice of the condominium pie. And condominium developers are not shy when it comes to catering to their residents. Twelve foot ceilings, hardwood floors, gourmet kitchens and stainless steel appliances are the norm. Its those other resort-style amenities, like private movie theaters, state-of-the-art fitness centers and acclaimed gourmet restaurants that developers are bringing to the table in hopes of standing apart from the crowd.

And a crowd it is. From Victory Park, to the Arts District, to Turtle Creek, Oak Lawn and Highland Park, condominiums are abundant and thriving. The Residences at Hotel Palomar, for example, located in the upscale, Park Cities community, is a luxury condo and loft community out to impress. This condominium community, aptly named by its developers as an urban resort, features over 70 condos on 5.3 acres of land. A full-service spa, gourmet restaurants, boutiques, courtyard villas and the four-star, Hotel Palomar are just a few of the reasons why prices can range anywhere from $300,000 to $2.3 million.

Victory Park is home to the W Dallas Victory Residences, a new condominium high rise which offers stunning, modern architecture with world-class interior designs, floor-to-ceiling windows and expansive terraces with awe-inspiring views. With prices ranging anywhere from $400,000 to $7 million, its no wonder that top-notch amenities, such as residential concierge service, a 24-hour valet service, an infinity pool and a full-service spa, are found here.

Just some of the other Dallas condo gems to be had include: Azure, which is built upon 15 acres and features 10, open floor plans with a luxurious, European design; Mercer Square, which is located just minutes from Downtown and boasts modern architecture and magnificent, Dallas views; and the Sorrento, which is located in North Dallas and features resort-style amenities and up to 2,890 square feet of living space.

According to Downtown Dallas, the number of new residences built within one mile of Dallas central business district area has increased five-fold over the last ten years. And based on the cranes hanging out all over Dallas, it looks like the boom is here to stay.