Rere Residency is pure real estate tips website, its make better real estate ideas for all kind of peoples! how to buy and sell your property? Rere Residency try to solution for become a successful realtor.
Land has outperformed most other types of investments in the United States in the past twenty years. And it looks like this trend is going to continue as the demand for land keeps increasing with the supply being fixed at 3.7 million square miles.
There have been a variety of reasons that helped the land prices steadily increase over the past two decades. They include a strong consumer confidence, healthy economic conditions, optimistic export conditions, favorable government policies and more.
There have been some opposing effects too, though. Currently, the one major factor negatively affecting the demand for land is falling farmland values, which is primarily due to a bearish global commodities market.
The overall consumer confidence, however, remains stronger than it has ever been at 127.4. In January 2012, it was just 37.4.
These figures have been reported by NBC News.
Just like the land prices, there are more than a few reasons for the increasing consumer confidence as well. They range from increased corporate earnings and increased wages to historically low interest rates and a bullish stock market.
Some of the other factors also include a reduction in unemployment, increase in retail spending and lumber prices, and more.
Most factors reflect an optimistic, positive trend, which means the land prices may keep increasing. Some of the most important factors backing this prediction are incredibly low interest rates and a decrease in the number of homes on sale.
Similarly, lumber prices seem be showing a lot of optimism as well, with construction being on a rise too.
As we mentioned above, the only negative factor that currently exists is falling farmland values. But we are seeing some positive signs here as well, so it may not be long before farmland values enter an upward trend as well.
After all, the agriculture sector is one of the biggest employers in the country, employing a massive part of the US population with 23 million jobs.
Since 2017, farmland values have almost stopped their downward trend. They are now trying to hold ground, while US farm real estate values even showing a slight increase.
Further, lower energy cost and better long-term global economic growth prospects mean that farmland values may start increasing steadily in the near future.
Based on our discussion about consumer confidence, we can continue to see it increasing over the years to come.
While commercial construction is on the rise, the inventory of homes for sale has been steadily decreasing, contributing to an ever-increasing consumer confidence.
While farmland values aren’t anywhere near as optimistic as other types of land in the US that might change soon.
This is because not only new land is expected to be put on the market, but the farmland values may start increasing too as the global commodity markets are expected to make a comeback.
When the government announced the demonetization of India on 8th November 2016. it was one of the great weapons in order to control black money But on the other side; it was a great sock for the real estate sector because it is criticized that most of the black money comes to real estate market. Because of demonetization, people are assuming that there will be a reduction in the rate of real estate market. So in this segment, we are going to discuss the impact of demonetization and after GST what is the current status of real estate after demonetization in India.
People were saying that real estate after demonetization the market will crash; but it was not true because we are experiencing that there is nothing like that. The main effect would be one the sector where cash money was in use like people used to deal with cash money on land. According to real setae research, there could be the effect on the resell market because there is cash flow. So there is no issue in the lower and mid segment. On the other hand, it was said that the rate of interest would be low; hence the builder could have a great opportunity to earn. Now if we talk about GST implementation by the Indian government on 1 July 2017, it was good news for real estate sector. Let’s see how GST is boon for real estate.
Bottom line: The effect of demonetization on real estate was it slow down the market. But side by side it reduces the inflation and was responsible to enhance the rental sector.
Previously a person has to give two tax service taxes well as VAT tax. Service tax was dedicated to central government whereas VET was dedicated to state government and every state had its own VAT tax. But today there is only one tax GST in every sector. Let’s know some facts about GST on real estate market
One of the boons of GST is on raw material there is low; because previously there was cascading tax system which was responsible to enhancement in tax but now there is only one tax GST.
Since the construction rate is going to be lowered because the goods rate is low, hence there will be more benefits for the builder.
Bottom line: there is the great impact of input tax credit for buyers. When builder gets the input tax credit from the government then he has to pass on the credit to the buyer as well according to government rule.
There is a misconception among people about the percentage implementation under GST. For example, previously a builder used to take 3.75% of total tax but now because of GST; one has to pay 12% of tax, which seems really high. But I would like to clarify that the 3.7% of tax was on total amount whereas 12% of tax is on raw material and services. We know that there is three factor in Real estate land on which there is no tax, goods or raw material on which there is 5% to 28% of tax depending upon which material you are using. And the last one is services which include the contractor, Architecture, CA etc. So in GST people have to pay the tax on goods and services only.
Ready to buy a home? know buying house first time is really exciting one. But will it be easy? Sure. This article will make it easier and effortless. It will give you the glimpse of things to know before buying a new home for the first time. Let’s list out the things comes to your mind when you are considering to buy a home.
The location is everything. Where you want to buy your home. A location is the most important factor and it plays a big role in buying a home for the first time. Most of the people prefer to buy a home nearby their workplace/School. When it comes to buying, people search for the properties nearby their workplace/School at first. Then they expand their radius. So when you are know buying house first time give importance to the location or else you will end up in spending for more bucks for transportation facility in your day to day life.
Let’s say it has equal importance as Location. Sometimes, it gets slightly higher importance. So first time home buyers stick with your Price/Budget. Don’t get yourself fooled by the fancy terms. Decide whether you are going into “Ready to move-in” property or “Under construction” property. Ready to move in properties are slightly higher price range than under construction property. But the “under construction” property might get a delay from the proposed move in date. So better work with your builder for your need.
And also Sometimes people gets confused between buying a newly constructed one or a renovated/old one. Again do your homework. Ask for the price from the neighborhood. you will get a good understanding of what it was and what it has been.
Generally, people look for water, school, College, Medical shop, Hospital, and temple. Apart from that always look for the day to day need such as department store/ Grocery shop. And also most importantly look for transportation facilities also. Calculate how much time it takes from the bus station/train station to reach home.
Nowadays more than 90% people buy home by taking Loan. If you decided to take a loan, keep an eye on interest rate terms. It varies from Bank to the bank. And also discuss with a bank representative about the repayment options with interest. Sometimes having a fixed deposit with the bank can save you some money. Always keep in mind that needs get changed and priority may vary over a period. So you will be needing money for other kinds of stuff as well as the time goes by. So try not to commit almost all the money you get for loan payment.
Calculate the amount you will be paying to the bank till the closure and compare with the original loan amount you will be taking. Let’s say you are paying each month some standard amount like 25000 for the period of 20 years. So it will be 500000.But there might be a chance that you have taken the loan for only 350000. Discuss the pre-closure terms with the bank. It will be always better to get the second opinion. Sometimes you find the builders saying that they take care of all the hurdles and you just have to pay the down payment. You may find it easier and sign up can be tempting, but consider the fact that nothing comes for free. There must be something called hidden charges.
Happy buying! All the best 🙂
Dubai a dazzling city attracts millions of tourists from its amazing attractions, tropical beaches, delicious food and hot climate around the year. All your individual holiday desires can be met here from an action packed adventure vacation to relaxing beach holiday. Stunning villas rent in dubai are available on most of the beach destinations and best holiday attractions. For a longer stay in Dubai you would find an abundance of luxurious villas to rent offering a great option of accommodation rental. There is a splendid choice of alluring villas with private gardens with well-furnished and air-conditioned bedrooms, dining areas, spacious rooms, a lush tropical garden, other amenities such as swimming pool and more.
In addition to this, you can avail full-time staff such as maids, spa therapists, gardeners, well-trained cook, and other services as well. At Dubai, you will find long term accommodation choices to cater for almost all budgets, from Villas to Dubai homes for rent. The best places for a traveler to choose an apartment or villa at Dubai includes; Near Dubai Marina, Emirates Hills, near to Jumeriah beach, near the Dubai old city center with its myriad attractions and entertainment outlets, shopping malls such as Ibn Battuta Mall, Mall of Emirates and lots more. You can even look for the accommodation near the popular Wild Wadi water park. You have amazing choices of accommodation options to choose from. However, when it comes to have luxurious stay in Dubai then renting a villa is the best option to consider.
While purchasing Dubai villas for rent there are number of factors to be considered. First question is making sure about the duration of stay i.e. either long term or short term. Second one is the purpose of going to Dubai either for vacation or business.
If you are just planning visit Dubai with your family members, might like to stay in the villas which is completely isolated with the gates & also have to make sure that all the necessary facilities are within your reach, so that there will be no need to go out for anything. You will be required to move out only for outing, shopping, business meeting and for other such reasons.
Rental villas in Dubai are the perfect place for Luxury living as they will be filled with the amenities which you would like to have in your daily life. These types of villas are built with the state of art technology. Some of the available stuff in these villas is high speed internet connection, phone and intercom connection, spa, safety car parking facility, satellite television, servants and maids. The main thing that matters with this type of apartment is the cost and this depends on the luxury that you opt for.
The suitable condition in rented villas depends upon your budget. If you are not having any sort of financial constraints then opting for the villas is the wise decision. So Dubai villas for rent are best suited if you come up with more than a reasonable budget.
This is the $64,000 question that real estate professionals, investors, and mortgage professionals would like to know. The truth is nobody can accurately predict the return of the real estate values market. Like everyone else, I can’t predict the end of this crisis either, but what I can do is tell you what will have to happen to facilitate that change. The answer is quite simple: America must reinvest in herself once again. Without an investment, real estate is as worthless as the Dollar is today.
Think back, or read a history book, about how families in the ’40s and ’50s used to buy homes. Young couples lived with Mom and Dad during the “courtship” prior to getting married, until they had saved 20% to put down on their “dream home”. They made an investment in America, (i.e. the American dream). In the years that followed we have devalued that investment in lieu of credit and the easy access to it. Real Estate Values rose artificially and our nation became addicted to credit.
The value of the dollar has been demolished due to the same principle. When we place value in assets based on their ability to be easily bought and sold versus the value that has been invested in the asset, we devalue its worth. For example, two years ago I could have bought an $800,000 house (and I assure you that I cannot afford a house that expensive). The owner of that asset (the $800k house) placed value on his asset based on the availability of buyers like me who could buy the home. The problem is, this homeowner probably had less than 5% invested in the home. Where do you think that homeowner is today?
Had he put 20% down on his home, he would then own a valuable asset in which he has a real investment. This outlay of cash forces him to buy and sell his home in the same manner he would move an $800k investment around in the stock market very carefully. Thus, the home has REAL value. However, having bought the home with little or no money down, the asset became disposable and so follows the real estate market.
So, as I said earlier, I cannot predict when the real estate market will bounce back, but I can tell you what needs to happen before it does. America needs to reinvest in herself by getting back to solid buying and selling principles. This strengthens home values, which encourages investors who employ builders who employ carpenters, painters, real estate agents, loan officers and so on. America was built on the “American Dream” which has turned into the “American Nightmare”; she can only be rebuilt by hard working Americans, not by Wall Street.
When you buy a piece of income real estate, you must go through what is called the contract and closing steps. These two steps called the passing in some states. Both these steps are easy for three reasons:
Having made the improvements suggested above (which will take about two months), you are ready to raise the rents in your building. Here are a few guidelines I find work well in all types of apartment houses:
Take the Billions Being Offered – Your reaction to the heading directly above might be intense laughter. If so, please don’t call me to tell me you tried 116 lenders and they all said no. I know what our situation is; I wrestle with the problem of finding more borrowers for our real estate money. Plenty of my friends in the business tells me they, too, have the same problem. Since I have actual, daily, experience in lending money for real estate purposes, I know that you can find the money for your real estate deal that involves attractive and “lendable” properties.
Take the billions being offered to Real Estate A lendable property is one that has a value somewhat greater than the amount of the loan you seek. Of course, if the property is worth a lot more than the loan you seek, your borrowing will make much easier. Because I struggle daily to find more real estate borrowers. I’m convinced there is plenty of money around for your real estate deal. All you need to do is go out and look for the real estate money you need! You can look for this money in some ways, such as:
Writing to various lenders asking them if they would interested in your real estate loan. Calling lenders in your area, who might interested in lending your real estate proposal.
Visiting in person lenders whom you think would be willing to help you. Looking on the Internet for real estate lenders who might work with you on the deals you have. Reading the Real Estate Section of your local large-city Sunday newspaper, looking for ads run by lenders in your area.
Consulting the various directories of real estate lenders listed at the back of this book to find the names, addresses, and telephone numbers of many lenders. One of these lists contains 2,500 names of active real estate lenders. so please believe me a good friend of mine when I tell you that real estate money is available to you. What you have to do is look for it in a way that you find is suitable for your lifestyle and method of looking! And by using the smart and proven methods we give you in this book, you can borrow your way to real estate riches! Take it from someone who works both sides of the street as:
Income real estate is not a complicated business. You’ll find that many attorneys and accountants know the ins and outs of real estate. So you do not have to run around looking for people who know things about a business that is highly complicated.
Experienced real estate attorneys can easily draw up the papers you need to buy or sell real estate.
Documents such as leases, security agreements, and maintenance contracts are almost what attorneys call “boilerplate”. Nearly every document you’ll ever need can be found in the standard reference books containing often-used documents for real estate attorneys.
However, you must always have the Plenty of Free Advice and Assistance of a competent real estate attorney whenever you buy or sell any real estate. Likewise, you should also have the services of a competent Certified Public Accountant (CPA).
Your accountant will not have much of a problem with the average real estate deal. Why do I say this about accountants? Because the arithmetic aspects of real estate are well known to accountants. You can easily learn them yourself if you wish. Suggest that you get to know the “numbers” of real estate because doing so can mean big difference in your income. Later in this book you will get you started on the numbers you’ll need to know to borrow your way to real estate riches.
Federal Reserve Board (Fed) announced that economic activity is picking up, noting that there increase activity in the housing sector. Fed reaffirmed its ongoing program to purchase a total of $1.25 trillion of Fannie Mae and Freddie Mac mortgage-backed securities and up to $200 billion of their debt. However, in recognition of the improving economic conditions and to promote return of private investment to these markets. Fed has decided to spread its purchases over an additional three months, through the end of March 2010. Previously, the Fed had planned to complete these purchases by the end of 2009.
On October 15, 2009, National Association of Realtors (NAR) submitted a letter to the Fed. Treasury and Federal Housing Finance Agency (FHFA) noting that the manner in which the Fed unwinds the Mortgage-Backed Security (MBS) program is critical to the housing and mortgage industries as well as the economy as a whole. In the letter National Association of Realtors (NAR) provided several recommendations for how the Fed could accomplish this as well as requesting a meeting.