Real Estate News

The implications on the economic climate are few and of insignificant proportions, but the least that can be said is that they are far from negative. In all likelihood, Dubai will recover a lot more quickly from the recession than any other cosmopolitan city. Why? Quite simply, because Dubai has a smaller permanent population. Fewer people remain in Dubai when things go sour financially. Their residence in Dubai is very dependent on full-time employment. The high turnover means things can change very quickly. Dubai is still extremely investable. Market prices dropped to possibly the lowest it had ever been in August 2008 and now, a year and a half later, international investors are starting to return so as to profit from the rebound that is to be expected given the recent positive trends. This trend of investors will undoubtedly give the property market rebound, a much required shove in the right direction. Although at this point Abu Dhabi can offer more financial stability, Dubai still has more to offer expats and tourists.

The Burj Khalifa just adds another major attraction to a long list of incredible record breaking attractions. Just outside of the Burj Khalifa stands the world’s largest water fountain, costing Dhs800million to build and measuring 275m across. Another spectacular sight, seen for the first time on the 4th of January shooting water 150m up into the air, at the opening of the Burj. Also, by being extremely hospitable to its expats, Dubai promises to be a potential home. A place where one can earn their money and enjoy it. A city of luxury which makes a sedentary lifestyle the norm. Lets not bother with the change of name, enough has been said about it and there are fundamentally 2 conflicting arguments as to why it was changed which are ultimately unimportant to the market.

The one truism about it is that Abu Dhabi and Dubai, in times of hardship have strengthened their bonds and when support was needed, it was given. Politics aside, it’s still the Burj. It’s still the tallest building in the world and will be for a long time. That alone makes it a highly investable slice of property. The hope was that the grand opening would invite some positive press. Who would be surprised that in a time when most are suffering financially, this opening would be considered a show of arrogance? Arrogant or not, Dubai still has something great to boast about.

First off, let me state that every person’s scenario is different. There are many factors in determining if you should sell now, or wait. Obviously, home values have declined since 2005/6. Condos and townhomes have especially been hit hard. So be prepared, if you are going to sell now, or soon- you would be selling for less than you bought it for. If you’re okay with this, then we need to look at what they are selling for now, and decide if you’re ready to list it at that going price point, or if you want to keep it and wait until the market returns. The problem here in waiting, is that when is the market going to return? In a year? In two years? 2014? It may be the best option to sell now, instead of waiting for the market. We are seeing an increased amount of Short Sales and Foreclosures in the market. You will have to compete with these “typically lower-priced” homes. Know that interest rates are ideal AND property values are declining, making it a great time for buyers to get into a home. And with the first-time home buyers tax credit of $8,000- it appears to be a good time to sell, for the year.

This brings me to my next point. When selling, you can either price it ahead of the market, or you can price it to where you are chasing the market. The best scenario is to price your house or condo ahead of the market, so that you will sell it quickly. The alternative is to price it similar to the others, where you are continually doing price reductions (with the market) and end up selling where you should have priced it all along in the first place, and it took a much longer period of time (which means -$$).

Great, what is my point? Just make sure you understand that to sell in this market right now, your home has to be priced properly AND has to show very well. The days of just putting your home on the market “right away” are gone. You have fierce competition in your marketplace and neighborhood, and you need to get with your Realtor and have a complete game plan. If you structure your game plan well before you hit the market, then you are aligning yourself with success and will more than likely hit it. Like I mentioned, you are in a fierce, competitive marketplace and if you don’t have a SOLID game plan, you will be left out in the cold. Worse yet, your house will be on the market and become that “stagnant house” down the street. In your game plan, your Realtor will give you an opinion on value of your house, so you must decide whether that price is acceptable to sell, or whether you need to wait and possibly rent. Right now, a lot of sellers have decided they don’t want to sell in this tough market. That is just fine as long as you don’t HAVE to sell right now. Renting out your home might be a viable option right now, but know that being a landlord is work. Problems come up with the house, you get the wrong tenants, etc. It can take a lot of time and money.

As far as what is a good time to put your condo on the market (if you decide to sell and take the hit), I think that now might be the best time. Showings are up during the spring and summer, the $8,000 tax credit is out there, and new construction and sellers are offering fantastic deals and incentives. Typically, the winter months are slower, and I would say that your best chance to sell would be in the Spring and Summer. But with the rates being at where they are now, this gives buyers the chance to get in with a good rate, if qualified.

It is up to you to decide what is best for you. Each scenario is different, and you must make the decision yourself, hopefully with some guidance from your Realtor. It may be best for you to wait, but rates sure are low right now. With unemployment going up, home values will decline further. If you price it right now, and it looks good on the inside, and you have a solid marketing plan, you should be able to compete to sell. A lot of the people sitting on the fence have come out to buy with the way rates are right now, and with the first-time homebuyer tax credit.

Good luck, and do your homework before hiring your Realtor!

Everyone wants to have their own property. Nowadays, one of the most common real estate Philippines properties for sale are condos. It’s very popular that some people buy a unit or two for themselves without carefully considering whether it is right for them. A condo is not for everyone so it is also fairly common to come across condo owners trying to sell their units because they’ve realized that condo living is not for them. Careful consideration should be taken when looking at Philippines properties for sale. If you’re one of those who owns a condo and would like to sell it, then read on.

• Real Estate Agent. Probably one of the easiest ways to put up your condo or any Philippines properties for sale is to enlist the help of a real estate agent. An agent would help you market your property to a wider range of potential buyers. Also, an agent can help to make sure that all of the paperwork is in order for the sale to be complete. It is important to note, however, that getting an agent is not a requirement. Many properties have been sold and bought without the help of a real estate agent.
• Build it up. With any kind of product, it is vital to build it up using its strengths and advantages. It would be good to list the good points of your condo unit, especially those that cannot be found in other condo units. Also, build up not just your condo unit but the condominium building itself. Itemize the things that come with owning the condo unit like certain perks and privileges. Play up the facilities and location.
• Advertise. The best way to sell anything is to advertise. Create ads and post them in any place where you might have a potential buyer. If you have a real estate agent, this aspect would be handled by him or her.
• Spread the word. Sometimes the best place to look for a potential buyer is among relatives, friends, co-workers, and neighbors. These people are the ones who know your property because they are familiar with it. Chances are, there are some of them who might be interested. For more information visit to our site at http://www.atayala.com

Tired of friends, family, and strangers assuming you like Country music just because you drive a beat up ol’ pickup truck? (The cowboy hat probably doesn’t help, nor do the boots, and you may want to do something about the Taylor Swift poster in your) – OK, maybe you should just sell your used truck, to put those rumors to rest, with an ad in Recycler and on Recycler.com. It’s easy and it’s FREE.
Slough off those allegations with Three Easy Steps…

Pick Your Ad Package: The Free Basic Online Ad for one week; the Enhanced Online Ad that runs for three weeks with 10 photos, 100 words, and free headline and box; the one-week Free Online and Print Ad; and the luxurious Two-week Print and Online Ad.

Create the Ad: List your truck’s best features, along with year, make, and model. And instead of saying “rusty,” how about “needs paint” – and instead of saying “full of bullet holes,” trying saying “charming custom bodywork.” But upload a photo, too, for credibility.

Preview and Confirm: Make your third-grade grammar teacher proud with your proofreading skills. Make necessary changes and post! Your truck ad will be on its way to its new home, recycler.com, which receives 6 million page views per month.

A Shout Out to 850,000 Peeps!

Recycler.com is the best way to reach thousands upon thousands of potential truck buyers. With a print publication weekly readership of over 850,000 and the online flow of 6 million views per month, your ad will sell before you can sing, “My baby she left me.” But you better not, lest the rumors live on.

Recycler Classifieds: So-Cal’s Finest…

Since the early 70s, Recycler has been Southern California’s premier Trade publication for buying, selling and trading. There is no better way to sell your Used Truck with ease and efficiency. Recycler Classifieds gives you the unique freedom to describe your Truck, along with photos, for optimal efficacy and, by upgrading your package to Print, optimal coverage.

Along with its related publications Jobs Magazine, Cars Weekly, Auto Pix, AutoBuys and Truck Buys, Auto Seller, Cycle, Boat & RV Buys, Big Truck & Equipment Buys, Recycler.com has more pets, merchandise, electronics and appliances, real estate, used car, used truck, used SUV, new and used RVs, used van, new vehicle, and business ads in Southern California than any other website or print publication.

Recycler and Recycler.com
4954 Van Nuys Boulevard
Sherman Oaks, CA 91403
(818) 305-2200
ads@recycler.com
http://www.recycler.com

Feng Shui (pronounced “fong shway”) principles for staging homes and offices is growing ever-more popular. The overall goal of Feng Shui is for one to live in harmony with one’s environment and encourage “positive energy”. The way to this nirvana is apparently to arrange one’s living situation and entire life to fall in with the vagaries of “chi”.

Some of the advice that Feng Shui gives the home seller makes sense. It’s a good idea to clear out your clutter and air out the home to provide clean, fresh air. ”Green” or “eco-friendly” cleaning products can be another positive step – they often smell better and are better for you and the environment. Balancing the colors in the home can also be useful if you find a room is too “one color”.

However, what Feng Shui devotees attribute to positive energy may just be the result of clearing out clutter, cleaning your home until it sparkles and putting some touch of greenery here and there – things that most home stagers would advise be done anyway. It doesn’t take an esoteric expert to surmise that a home that is easy to move around in and that is clean will be more attractive to buyers.

Feng Shui has a darker side as well, with people claiming to be “Feng Shui experts” charging hundreds to thousands of dollars for consultations that end up costing more money as they recommend people get rid of “bad feng shui” by doing expensive renovations or walking away from a home sale because the “chi” is all wrong. This can end up costing people major amounts of cash for something that is as simple as “clean and de-clutter”.

Some websites that encourage or inform people about becoming Feng Shui consultants suggest prices ranging from $500 for a single consultation to $300/hr. They suggest that Feng Shui consultants can earn $20,000 to $250,000. While this may be competitive in the arena of home design and staging, to hand this to someone who has studied a book on Feng Shui seems ludicrous. But people do it every day.

The important thing to remember about Feng Shui and any other home staging practice that claims to have a key to “energy”, “chi” or anything else that cannot be quantified is that if you wouldn’t spend the same amount of money for a conventional home stager, don’t spend it for someone who promises you good luck out of the ether. Many Feng Shui principles are good ideas, but it doesn’t make them worth more than principles marketed as just good common sense.

Prudent buyer of house property is one who looks after the current market conditions and the prevalent bank rate of interest on home loans. Following are the points to be taken care of for buying, selling or investing in house property :

1. Prevalent Market Conditions – When there is more availability of dwelling units in the market, one should go for buying or investing in house properties. If more number of houses are available, one can make choice of size and location of the house property. Under such scenario, the price to be paid for buying the house will be reasonable owing to competition among the builders and developers for selling their products.
2. Business Place/Working Place – The house property should be purchased in the vicinity of the business/working place to save the time in journey to and from house to business/working place. When less time is spent in journey, more time can be devoted to business/office works. This will enhance the business prospects or efficiency in office work.
3. Approved Real Estate Agents – While going for buying the house property, one should enquire the details of projects from the govt approved real estate agents or from those real estate agents which are having long standing in the market to get the genuine deal and to avoid any future complicacies.
4. Credible Builders and Developers – One should purchase the house property from the reputed and credit-worthy builder/developer to have good quality product. Even if some more price is to be paid for buying the house property, one should opt for the quality product. Price should not be compromised for bad quality product.
5. Prevalent Bank Interest Rate – When bank interest rate on home loans are low, only then one should go for buying the house property while availing home loan to have overall lesser cost of the house property.
6. High Price Market – To sell the house property one should wait for high price market to get the best price.

On observing the above-said aspects, one will pay less for buying the house property and will get more on selling the property.

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