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Archive for February, 2009

Alpine, San Diego, Real Estate Market Trends and Community Information, August 2006

Posted in Real Estate on February 28th, 2009
Real Estate Advisor asked:

COMMUNITY INFORMATION

Alpine is a community situated in the eastern region of San Diego County within the state of California. There are approximately 19,227 residents in this Zip code (91901) and 6,597 households. The median age of residents is 38.92 years.

TEMPERATURE

The temperature in Alpine is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 76°F. The coldest time of year occurs in January with average temperatures falling to 54°F.

HOME AND REAL ESTATE PRICES

The housing options in Alpine include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the low $200,000s.

·Two bedroom townhouse/condominium start in the low $200,000s.

·Three bedroom townhouse/condominium start in the mid $300,000s.

·Two bedroom single-family homes start in the mid $300,000s.

·Three bedroom single-family homes start in the mid $400,000s.

·Four bedroom single-family homes start in the high $500,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes in June 2006 was $597,500, which represents a 10.2% decline from the previous year. The number of homes sold in June 2006 was 17, which was down 37% from the previous year.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.

Mar Vista Homes

What do real estate agents do? How much do they get paid? and How much school do they need?

Posted in Financial Services on February 28th, 2009
ooogeebooboo asked:

Is it also possible to have a BSN as a registered nurse and have a real estate licence too?

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Del Cerro, San Diego, Real Estate Market Trends, Single-family Homes, Mid Year Analysis, 2006

Posted in Real Estate on February 27th, 2009
Real Estate Advisor asked:

The community of Del Cerro is located in central San Diego County, California. The community is located off Interstate 8 at the College Ave exit.

The real estate and homes for sale in Del Cerro fall into the low to moderate income-categories. The number of homes sold in a particular year is relatively high. For example, during the period from January through July 2006, approximately 137 single-family homes sold. Approximately 142 homes sold for the same period in 2005.

One method to analyze pricing trends for a particular community is to evaluate the median and average price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and average price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.

The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The average price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.

The median price of homes in July 2006 was $632,000, compared to $590,000 in July 2005, which represents a 6.2 increase. The average price of homes in July 2006 was $680,557, compared to $620,571 in July 2005, which represents a 9.9% increase. Approximately 21 homes sold in July 2006 and 20 in July 2005. In summary, there was an upward price trend in July 2006 compared to the same period last year.

The median price of homes in June 2006 was $557,500, compared to $545,500 in June 2005, which represents a 2.1% increase. The average price of homes in June 2006 was $622,327, compared to $613,060 in June 2005, which represents a 0.80% increase. Approximately 13 homes sold in June 2006 and 30 in June 2005. In summary, there was an upward price trend in June 2006 compared to the same period last year.

The median price of homes in May 2006 was $620,000, compared to $615,000 in May 2005, which represents a 0.8% increase. The average price of homes in May 2006 was $652,730, compared to $604,844 in May 2005, which represents a 2.7% increase. Approximately 30 homes sold in May 2006 and 16 in May 2005. In summary, there was an upward price trend in May 2006 compared to the same period last year.

The median price of homes in April 2006 was $560,000, compared to $680,000 in April 2005, which represents a 17.6% decline. The average price of homes in April 2006 was $597,593, compared to $726,804 in April 2005, which represents a 17.8% drop. Approximately 27 homes sold in April 2006 and 23 in April 2005. In summary, there was a downward price trend in April 2006 compared to the same period last year.

The median price of homes in March 2006 was $557,000, compared to $635,000 in March 2005, which represents a 12.3% drop. The average price of homes in March 2006 was $639,667, compared to $655,836 in March 2005, which represents a 2.5% drop. Approximately 21 homes sold in March 2006 and 25 in March 2005. In summary, there was a downward price trend in March 2006 compared to the same period last year.

The median price of homes in February 2006 was $594,750, compared to $530,000 in February 2005, which represents a 12.2% increase. The average price of homes in February 2006 was $664,679, compared to $565,882 in February 2005, which represents an 18.5% increase. Approximately 14 homes sold in February 2006 and 18 in February 2005. In summary, there was an upward price trend in February 2006 compared to the same period last year.

The median price of homes was $595,000 in January 2006, compared to $512,500 in January 2005, which represents a 16.1% increase. The average price of homes in January 2006 was $713,909, compared to $575,470 in January 2005, which represents a 24.1%. Approximately 11 homes sold in January 2006 and 10 in January 2005. In summary, there was an upward price trend in January 2006 compared to the same period last year.

So what does the data tell us? Well, the data above does not reveal a consistent pattern. Early in the year (January and February 2006), home prices were up year-over-year in the range of 12% to 24%. However, prices were down 2% to 17% during March and April 2006, compared to the same time last year. And then, for the last three months (May, June and July 2006), moderate price gains were observed ranging from 1% to 10%. Given the ups and down described above, a longer period of evaluation is needed to determine if a clear pattern emerges. Contact an experienced Realtor to obtain additional insights about the pricing trends in the Del Cerro real estate market.

Chicago Real Estate Gold Coast

2006: U.S. Cities With Affordable Real Estate And Homes

Posted in Real Estate on February 27th, 2009
Real Estate Advisor asked:

The price of housing is a major challenge in the United States. Some estimates note that more than 50% of the population cannot afford a median priced home. According to National Association of Home Builders (NAHB), of the total number of new and existing homes sold nationwide during the third quarter, only 40.4 percent were affordable for families earning the median U.S. income of $59,600.

But it is good news that housing affordability on the national level has not changed much in the third quarter in spite of a rise in the mortgage interest rates during the last quarter. This was because many markets saw a slight decrease in their home prices, which helped offset the rise in mortgage rates.

Indianapolis (Indiana) is the most affordable city for homes in America, based on the 2006 third quarter report of the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The city achieved this status for the fifth consecutive quarter.

Of the total number of housing units sold in Indianapolis during the third quarter, 86 percent of homes were priced at or below the U.S. median household income of $65,100. Homes in this metro area had a median sales price of $122,000, which is slightly higher from $120,000 of the previous quarter.

It is interesting to note that the most affordable U.S. cities for homes, condos and other real estate are largely from the northern industrial metro areas. The other larger cities that top the list for affordable homes in the third quarter after Indianapolis are Youngstown-Warren-Boardman (Ohio-Pennsylvania); Detroit-Livonia-Dearborn (Michigan); Buffalo-Niagara Falls (New York); and Grand Rapids and Wyoming (Michigan).

The report also lists the top seven smaller cities in America that have the most affordable housing markets. These are: Bay City in Michigan, Springfield in Ohio, Mansfield in Ohio, Lansing-East Lansing in Michigan, Lima in Ohio, Battle Creek in Michigan and Canton-Massillon in Ohio.

For both major metros and small metros, many of the least affordable cities are located in California. The least affordable major metro areas are Santa Ana-Anaheim-Irvine, Modesto, Stockton, and San Diego-Carlsbad-San Marcos, in that order. The least affordable smaller metros (less than 500,000 people) include: Salinas, Merced, Madera, Napa, and Santa Barbara-Santa Maria.

The good news for homebuyers is that there are many affordable cities in the United States. Moreover, even for cities that rated poorly for affordability, there may be some communities within the larger city that have affordable housing. For example, although the San Diego metro in California rated poorly overall for affordability, there are some communities in San Diego priced to meet the needs of lower-income home buyers. A good real estate agent can help you choose a community where you want to live based on your housing budget and needs.

Sacramento office space

I have a IRS lien filed against my Real Estate. How long do I have before the property is placed for auction?

Posted in United States on February 27th, 2009
FineArt1983 asked:

A lien was recently [July, 2007] placed by the IRS against a piece of Real Estate in New York that is owned by an Estate that I am the Executor of.

How long do I have from the time the lien was placed by the IRS to the time that the IRS forces the property for sale or auction? If the property is forced for sale or auction by the IRS is there some type of redemption period that I have?

The Estate does not want me to sell the Real Estate.
The estate will be able to pay the IRS what it owes within three months. Do I have that much time before the property is placed to auction or sale?

Oakland retail space

How much commision do commercial real estate agent make and do they make more then residenyial agents?

Posted in Renting & Real Estate on February 26th, 2009
nickhinkle asked:

At first i was thinking of becoming a residential real estate agent but then, someone told me about commercial real estate and i was wondering would that be a better career choice and does it work the same as residential. If so, that would be major commision on a $40 million building and that would be a better route i would love to take.

Missoula Montana Commercial Real estate

Top 7 Countries That Invest In U.S. Real Estate

Posted in Real Estate on February 25th, 2009
Real Estate Advisor asked:

Despite a recent slowdown, the U.S. real estate market continues to be a popular investment destination for foreign investors. Attracted by a desirable return on investment, many foreign nations continue to invest heavily in the U.S. residential and commercial real estate markets. In fact, in 2005, foreign investment in U.S. real estate reached 1.83 trillion.

To evaluate the impact of foreign investment on the U.S. real estate market, the National Association of Realtors (NAR) produced a 2006 report entitled ‘Foreign Investment in U.S. Real Estate: Current Trends and Historical Perspective.’ The report provides insights into the trends in foreign real estate investment, its impact on the U.S. economy, and the major countries that participate in U.S. real estate investment. Below are some highlights from the NAR report.

According to the U.S. Department of Commerce, the top seven countries that had significant holdings in U.S. real estate as of 2005 were:

Germany - 13 %

Latin America - 13 %

Australia - 11 %

Japan -10 %

United Kingdom - 10 %

Canada - 6 %

Netherlands - 6 %

The U.S. economy is wide open to foreign investors. Both investors and Americans significantly benefit from all this foreign investment. The NAR study estimates that without foreign investments in the securities market, the long-term lending rates would be four percentage points higher than the current rate, which would adversely impact the U.S. real estate market.

Foreign direct investment into the U.S. not only creates more jobs but also contributes to the demand for U.S. real estate. In fact, foreign investment may be responsible for creating two million U.S. jobs by the end of 2006, which further bolsters the demand for U.S. real estate.

Permanent and temporary immigration of foreign-born workers into the U.S. further bolsters the demand for real estate. According to the Joint Center for Housing Studies at Harvard University, 1.2 million net immigrants are expected to arrive in the United States annually. This immigration pattern is expected to offset the decrease in housing demand by post baby-boomer generations.

In summary, the impact of foreign investment and immigration into the U.S. will continue to play a major role in the U.S. real estate market.

Simi Valley Real Estate

How often do people go to a real estate company for rentals?

Posted in Renting & Real Estate on February 25th, 2009
Melissa T asked:

I am currently in real estate and am considering specializing in rentals. I wanted to know how often people go to a real estate company for rentals.
I am in Southern, NJ

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Real Estate?

Posted in Financial Services on February 25th, 2009
sheepeshlysheepy asked:

What training do you need to be a real estate agent? What training do you need to become one, and how would you go about becoming one?
If you’re a real estate agent/broker, how is the income?

Would it be a good idea to be a real estate agent while in college?

Thanks in advance!

Truck Chrome

Real Estate Investing: Flipping Properties

Posted in Real Estate on February 25th, 2009
Mark G. Estates asked:

A lot of people these days are preaching about the buying and holding method of gaining wealth with real estate. There indeed may come a time in your life or business when you’ll want to hang on to a piece of property, although you’ll only be interested in keeping certain types of property. If you’re just starting out, flipping a house may be an ideal way to get started.

Basically, there are three ways that you can flip a house, although each one has its own terms, motivation, and type of property. The first method is known as retailing. What this means, is that you buy a house in bad shape, do the repairs to fix it up, then turn around and sell it. There are a variety of houses in need of repairs out there, and several ways that you can quickly flip a house to net profit. All you need to know are the techniques that will get you the most money in the least amount of time.

The second way you can flip a house is though wholesaling. Wholesaling involves finding a home for sale then flipping it to an investor for a fast, yet small profit. To do this, you’ll need to know the real estate investors in your area, the types of homes that flip the best, and how to fund your property so you can flip it to them. If you live in a big area or a city, you’ll find that using the wholesaling method of flipping houses is actually easier to accomplish.

The third way to flip a house is by assigning the purchase. Using this method, you’ll commit to buy the house. Instead of closing the deal yourself, you’ll assign it to a real estate investor - of course for a small fee. The investor will take the contract over and close the purchase themselves - flipping the house. This can be very profitable, especially if you invest in the right home. You don’t need to have your contract worded any special way to be legal, although you will need to determine the assignment fee.

If you’re looking to break into the real estate market and make big bucks, you’ll need to learn all about flipping houses. Flipping houses is very profitable, especially once you have learned the basics. The first and third methods are the best, although they will both take quite a bit of work on your part. Restoring homes isn’t easy, and you’ll need to have a team qualified to handle any repairs. Assigning the purchase may be difficult when you first start out, although it will get easier with time. If you stay at it and do your best to make a profit - you’ll be an expert at flipping homes in no time at all.

Oakland retail space

2006: Most Active Real Estate Foreclosure Markets

Posted in Advertising on February 25th, 2009
Real Estate Advisor asked:

The foreclosure market is an attractive option for buyers wanting to invest in real estate. A foreclosed property is a mortgaged property that has been taken over by the lender due to non-payment of the mortgage. The lender then sells the property in order to recover the money, often at below market prices. Foreclosed homes, condos and other properties can for make excellent investments and is a popular choice for those entering the real estate market.

The October 2006 issue of Business 2.0 Magazine ranks the top 10 foreclosure markets in the United States. Greeley in Colorado tops the list followed by Detroit in Michigan, Miami in Florida, Indianapolis in Indiana, Ft. Lauderdale in Florida, Denver in Colorado, Dayton in Ohio, Dallas and Fort Worth in Texas, and Atlanta in Georgia.

Greeley, CO, has the largest number of foreclosure households in the country, with 0.59% of homes falling in the category, an increase by 14.7% since January 2006. The report holds aggressive residential development, risky underwriting practices and stagnant wages as the main causes.

Detroit, MI, stands next with 0.51% of the households in foreclosure. The badly performing auto industry and the resulting impact to autoworkers’ incomes has contributed to number of homes in foreclosure in this city.

Third on the list is Miami, FL, where 0.37% of the households are in foreclosure, a staggering 91% increase since January 2006. The report states a weakening economy, higher property insurance premiums, and rising energy and interest rates, as the reasons for this rapid increase.

The fourth among the top ten foreclosure markets is Indianapolis, IN. Although the foreclosure rates are slightly lower from last year, still the portion of households in foreclosure stands at 0.35%. Setbacks and layoffs in the city’s auto industry together with falling home prices have contributed to foreclosure rates in this city.

Fort Lauderdale, FL, stands fifth with 0.34% of households entering foreclosure, which is up by a whopping 118.5% since January 2006.

Denver (with 0.33% of households in foreclosure), Dayton (with 0.33% of households in foreclosure), Dallas (with 0.31% of households in foreclosures), Fort Worth (with 0.31% of households in foreclosure) and Atlanta (with 0.31% of households in foreclosures) round out the top 10 foreclosure markets.

If you are looking to invest in the foreclosure market, consult a real estate agent who can help you clinch the best deal on the foreclosure property of your choice.

Oakland retail space

Real Estate Formalities

Posted in Affiliate Programs on February 24th, 2009
Mark G. Estates asked:

Anytime you spend your hard earned money to buy something, you should always have it documented. When you purchase smaller items, such as items at a convenience store, you’ll normally be given a receipt. When you purchase larger items, such as televisions and furniture, it will involve a bit more documentation. In exchange for your money, the seller will give you a receipt and in most cases a warranty that will protect your investment.

As you may already know, buying a home involves a lot more paperwork than furniture or even an automobile. Whether you are buying or selling a house, you should always have each step of the process documented. If any revisions are made, they should be recorded as well. Although buyers and sellers can prepare the documentation themselves, most choose not to due to the number of revisions that a single document can have. To help prevent consumers from these types of headaches, ready made real estate forms were introduced.

You can get a ready made form from a real estate agent or download the forms right off the Internet through a real estate website. Ready made real estate forms are easy to use, as they cover virtually all transactions you may encounter – from buying homes to selling them. There are forms that cover just the basics, which are ideal for those with no experience. If you are looking for a more legally binding form, there are also those that cover legal requirements and those that cover disclosure laws as well.

You can choose to purchase these forms on an individual basis as you need them, or buy an entire set instead. Individual forms are ideal for anyone who is involved with short term leases, such as rental property or homes that have been leased out. If you are planning to sell a home or buy a home, you are better of purchasing the entire set of ready made forms. This way, you’ll have all of the documentation you need and you won’t have to worry about purchasing more.

Unlike other types of real estate forms, ready made forms are assured for their accuracy, legality, and even their contents. Manufacturers of these forms spend a lot of time and a lot of energy verifying their documents, and making sure that they are perfect. Although these forms are normally up to date, you should still check with your local law and real estate offices to see if there are any updates. Real estate laws and regulations aren’t revised that often, and normally tend to stay the same for a long period of time.

If you aren’t sure about what forms you need, you should always ask a real estate agent. Even though ready made real estate forms are easy to understand and use, there are a few types available. If you are selling a home, you certainly wouldn’t want to use the same form as someone else who is buying a home. There are also ready made rental forms as well, which are ideal for those who are renting out property or leasing.

With ready made real estate forms, the process of real estate transactions are easier than ever before. By using these forms, you can do everything yourself – without having to forego realtors. You’ll save a lot of money as well, simply because there is no realtor involved. The next time you are buying, selling, or leasing out your property, you should look into ready made real estate forms and see just how easy they make real estate transactions.

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Real Estate Success

Posted in Real Estate on February 24th, 2009
Mark G. Estates asked:

The best measure of real estate success is definitely the amount of profit that you can make on a given investment. Knowing when to buy, what to buy, and for home much are all key in maximizing your returns, and there are numerous ways in which to ensure that you make the most money possible on any investments that you make.

In any given city there are many neighborhoods where you can buy real estate. Each neighborhood will have a particular character, both of itself, and of the people who choose to live there. When real estate prices rise across a city, they start to go up in the best areas, because these are always people’s first choice when it comes to finding somewhere to live.

There are two places where you can make a lot of money in real estate for a smaller investment. By buying the worst house on a good street, you can enjoy real estate success as a developer by bringing the property up to the standards of other homes in the neighborhood, and then selling at a profit.

The other way to enjoy success is more speculative, but generally offers better returns in the long term. By buying the best house in a bad street, you will need to make less capital investment in the property and any upgrades, but you will still be able to sell at a higher price over the length of your investment due to the rise in property prices over time.

The most important factor that goes into ensuring long term real estate success and maximum returns on your investment is research. By knowing everything about every area you are targeting, you will be able to arm yourself with the right information to be able to negotiate a better deal at either end of the process. If you know that an area is ripe for redevelopment, you should buy in at the beginning, while if you hear that an area where you own property is likely to suffer from external developments, or face over supply of housing in the future, it is time to make a quick sale to get the best price at the peak of the market.

By being careful and investing appropriately you can ensure your success in the world of real estate, and give yourself a great income as either a developer or speculator.

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Why Should I Hire a Seattle Real Estate Attorney?

Posted in Business Opportunities on February 24th, 2009
Mansi Gupta asked:

In every real estate transaction there are a wide variety of legal issues that must be taken care of. Contracts should always be reviewed by an attorney who understands the nuances of real estate law. But there are also state specific State laws to contend with. A Seattle real estate lawyer deals with a large number of State legal issues related to acquiring, financing, developing, managing, constructing, leasing and selling residential and commercial property of all kinds. A Seattle real estate attorney will fully inform you of your options, advise you of any consequences, and protect your legal interests.

Below are some reasons you should consider retaining a Seattle attorney (Seattle Law Firm) for your real estate transaction:

? Real estate closings bring all interested parties together. They involve the execution and delivery of all necessary documents at the same time as the payment of the purchase price and the settlement costs of the deal. While this may seem like a simple process, handling a real estate closing is a complicated matter and requires a thorough knowledge of the law. This is why sellers and purchasers need to hire a reputable Seattle real estate attorney to orchestrate the transaction.

? Seattle real estate lawyers deal with tax implications for those buying and selling property.

? An experienced Seattle real estate lawyer can help you keep your property out of probate court by setting up a living trust for you to pass your property directly to your intended heirs.

? Real estate attorneys can protect you from costly mistakes, errors in the documents, errors in the figures and other problems that could lead to litigation or other expensive legal action.

? A real estate lawyer represents all parties involved in real estate transactions, for both residential and commercial properties.

? A real estate attorney also represents and assists business entities in a variety of commercial real estate issues.

? A Seattle attorney can help you with issues including real estate investment opportunities, real estate construction and development, landlord/tenant matters, zoning, financing or refinancing, and mortgages and foreclosures.

There are non-legal services that claim they can do all the legal work you need. If you’re tempted to save a few bucks this way, remember that lawyers belong to a regulated profession with standards they must meet and insurance to cover damages if they make an error or omission. You don’t necessarily have the same standards or recourse dealing with other advisors. And this isn’t the time to “do-it-yourself”. Although many legal forms used in real estate are similar, binder or purchase and sale agreement forms do vary from state to state. So if you intend to engage in a real estate transaction, retaining a Seattle real estate attorney, or Seattle law firm, will insure that all facets of your real estate transaction will be reviewed based on Washington state laws. Furthermore, some title insurance companies and mortgage lenders require you to use an attorney to ensure that, among other things, the title is good, there are no liens against the property, and that the deal will close as anticipated.

A Seattle real estate attorney’s role can be as broad as you want. And while it is not typical in a real estate transaction, you can ask your Seattle attorney to describe his or her work and fees in writing before you proceed. Whether you are a sophisticated businessperson with significant real estate experience, or a first-time homeowner, you can count on a qualified Seattle attorney experienced in real estate law to protect your interests during your real estate transaction. Do not close a real estate transaction unprepared!

Maryland Real Estate Blog

Can i invest self-directed IRA monies in realestate abroad?

Posted in Investing on February 23rd, 2009
akondeti asked:

I want to invest in realestate in India, opening a self directed IRA account here in the U.S. Is this possible?

Thanks for your help.

Missoula Montana Commercial Real estate

How do you get a real estate broker to hire you?

Posted in Renting & Real Estate on February 23rd, 2009
stick man asked:

This is assuming you already passed your states test for a real estate license? What is a good Marketing plan?
Thank you sarah

Sacramento office space

Property Tax Implications Of Purchasing San Diego Real Estate

Posted in Advertising on February 23rd, 2009
Real Estate Advisor asked:

Below is general discussion of various factors impacting property taxes in San Diego, California. The reader should consult their tax advisor for definitive guidance about property tax issues and not rely soley on the informaton below.

Property tax rates are capped in California due to the passage of Proposition 13 in 1978 (”Prop 13″). Prop 13 was a ballot measure approved by the voters of California to limit property tax increases. The legislation also mandated that any future increases in property tax rates have the support of two-thirds of the Legislature for approval. This provision dramatically limited the ability of the legislature to increase taxes.

The property tax rate in California is 1% of the assessed value of real estate, plus any bonds, fees and special charges. Properties can only be reassessed when there is a change in ownership or when new construction is completed. Unless one of these reassessment conditions exists, Prop 13 allows for annual increases of up to 2% of a property’s value.

The passage of Prop 13 dramatically limited the legislatures ability to increase taxes. Despite this, municipalities desired a mechanism to subsidize the building of infrastructure for new developments, so in 1982, the Capital Facilities Act was passed. The act is better known by its legislative authors, Senator Henry Mello and Assemblyman Mike Roos (i.e. Mell-Roos Assessment).

According to the San Diego County Assessor, “Mello-Roos districts are established by local governments at the request of a developer to finance specific public facilities and services such as schools, roads and libraries. Mello-Roos districts were authorized by state law in 1982. This law allows any public agency to establish a Mello-Roos district, which then can issue the necessary tax-exempt bonds and impose fees to pay off these bonds.” Communities or districts that impose a Mello-Roos fee are distributed throughout the County but are most common is large new subdivisions.

In addition to the 1% tax rate allowed by Prop 13, Mello-Roos fees are a separate charge on the property tax bill. The duration of Mello-Roos fees are linked to the amount of time needed to pay off the bond, which is typically 20-25 years. Mello-Roos fees range from $174 to over $3000 annually, and the average fee for San Diego communities was $1,488 in 2006.

To get a general idea about the amount of property taxes you would owe annually on a property, multiply the purchase price of the property by 1.2%. For example, if you purchased a $400,000 home, your annual tax due would be around $4,800, plus special assessments (if applicable), and Mello-Roos fees (if applicable).

Consumers should be aware that tax rates for a particular area can increase as news bonds are added or decrease if bonds are paid off. In addition, Special Asssessments (if any) for new infrastructure can also impact tax rates.

When considering the purchase of real estate, single-family homes, condominiums or townhomes in San Diego (particularly in newer communities), propspective buyers should find out if the property has Mello-Ross or other Special Assessment fees, how long these fees will continue, and if the fees increase annually.

Over 1 million tax bills are sent out every year in San Diego County by the County Tax Collector. The tax period in San Diego covers the period from July 1st to June 30th. The amount owed is based on the assessed value of the property as of January 1st. The tax bill is mailed out in September or early October, and is due in two equal installments; first payment is due December 10th and the second payment is due April 10th. State law does not allow for extensions to pay the tax bill and late payments are subject to a penalty of 18% APR. For those wishing to pay by credit card, the Discover Card is the only option at this time.

For more information about property tax issues in San Diego or to obtain a definative answer to your property tax questions, contact the San Diego County Assessor or your tax professional.

Baltimore Homes

Carlsbad, San Diego, Real Estate Market Trends and Community Information, August 2006

Posted in Real Estate on February 23rd, 2009
Real Estate Advisor asked:

COMMUNITY INFORMATION

Carlsbad is situated in the northern coastal part of San Diego County within the state of California. There are approximately 87,540 residents in this community and 34,052 households. The median age of residents is 38.89 years.

TEMPERATURE

The temperature in Carlsbad is relatively moderate. The warmest time of year occurs in July during which temperatures reach an average high of 69. The coldest time of year occurs in December with average temperatures falling to 55F.

HOME AND REAL ESTATE PRICES

The housing options in Carlsbad include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid $200,000s.

·Two bedroom townhouse/condominium start in the high $200,000s.

·Three bedroom townhouse/condominium start in the high $300,000s.

·Two bedroom single-family homes start in the mid $300,000s.

·Three bedroom single-family homes start in the high $300,000s.

·Four bedroom single-family homes start in the mid $500,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from $783,900 in June 2005 to $749,900 in June 2006, which represents a 4.3% decline. Fewer more homes sold in June 2006 (49 homes) than in June 2005 (95 homes). The average time to sell a home increased from 39 days in June 2005 to 58 days in June 2006.

The median price of condominiums and townhomes decreased from $481,000 in June 2005 to $434,500 in June 2006, which represents a 9.7% decline. Fewer units sold in June 2006 (36 units) than in June 2005 (84 units). The average time to sell a unit increased from 43 days in June 2005 to 58 days in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.

Sacramento office space

How to find out what real estate appreciation rates are for specific neighborhoods in or around a city?

Posted in Renting & Real Estate on February 22nd, 2009
jbeall500 asked:

I am looking to buy a house and want to know what the real estate appreciation rates are. This will also help me make better choices when going to finance the house.

orlando Florida Private Investigator

What We Usually Take for Granted in Finding Real Estate Notes

Posted in Real Estate on February 22nd, 2009
Kenneth Diesi asked:

There are many ways to become a real estate investor and one of the best ways is to invest in real estate notes that you have located.  Once a real estate note is posted, the biggest problem is that it is usually snatched right up.  Still, there is a technique to both obtaining those real estate note leads and changing them into a profitable sale.

What is underrated and under used by most real estate investors is this one method.  What I”m referring to is telemarketing!  This is a great way of finding real estate notes at a great price.

If you get a note seller interested on the phone, and get him to send you a copy of the documents, then you can usually close on 2/3 of those that are interested.  Most real estate investors avoid telemarketing for fear of knowing what to say to a real estate note holder over the phone.

The truth is that telemarketing in real estate investing is just like telemarketing in any other type of business, as in it is a numbers game.  So the more real estate note leads you call, the more likely you are to find someone who wants to cash out their real estate notes.  You will be able to purchase a list of real estate note holders, after this you will need to follow the four  following  steps when you go to contact them:

The first step needed is to create credibility between the real estate note holder and yourself.  Your best bet is to act just like everyone else and do it just as soon as they answer the phone.  It is essential to find a common ground with the person, perhaps in how you greet them, or how you talk about local areas.  When an individual shows a liking to you, you may get a good deal on the real estate notes you want to find.

Studies have shown that people can tell whether you have a positive or negative attitude by the way that you come across on the telephone.  Keeping the phone atmosphere warm and friendly is of high importance.

In your opener you can mail things to people like information on how they can profit on their real estate notes.  You can ask them if they would be interested in getting this type of information for free.

• You may want to approach them as if you are doing a market study on note holders.

• You can approach them with an offer they cant refuse

On your quest in finding real estate notes through telemarketing, you will need to explain what you can do for the note holder.  Good listening skills will give you the confidence and information you need to close the deal with the real estate note holder.  All you have to do is listen to why he needs money.

The most crucial point about using a telephone to get real estate notes is not being concerned about the potential seller committing to a contract right now, but searching for the first note and mortgage as well as promising to send you a copy by faxing, in person or mailing.

Most of the time when a note buyer gets the seller to find the original contract it is usually a done deal.  When a person is interested enough in going in and looking for the real estate note, then they are more interested than you might think in selling the real estate note.

eNoteWorld.com is developed exclusively for buyer and seller of real estate notes, mortgages, contract for deeds, and other financial instruments. The site can also help you in finding real estate notes, and other financial instruments. To know more about  real estate investing, go to http://www.enoteworld.com.

Baltimore real estate

Starting a Realestate investment LLC what should the bylaws be ?

Posted in Corporations on February 22nd, 2009
wrongedincali asked:

Starting a LLC with a few family members to invest in some realestate what should the bylaws for the Corporation Be ?

Oakland office space

realestate?

Posted in Renting & Real Estate on February 22nd, 2009
kenwoods30 asked:

can you really make money in realestate by buying housesfor just hundreds of dollars or is it a scam i want to get a realestate program

Oakland office space

How much will a real estate liquidation company mark down a property each month?

Posted in Renting & Real Estate on February 22nd, 2009
opienzip asked:

I’m interested in a property that went into foreclosure and is now being sold by a real estate liquidation company. Supposedly, they will systematically drop the price until it sells. If true, how much will the price drop each month? Is there a standard formula for real estate liquidation?

Paper Shredding

The real estate market is starting to take a dive. What would be a good profession for myself to go into?

Posted in Financial Services on February 22nd, 2009
No Rules, Evan asked:

I have been in the real estate market for about 7 years. I started as a Loan Coordinator, then credit officer/assoc. underwriter, call center manager, Product manager. The market is slowly disappearing, I’m unemployed now. I think I should try another field, maybe Financial planning. I don’t know if this market is already saturated, with other fellow real estate professionals. The market is only going to get worse, what should I do?

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Key Shifts In San Diego County Demographic Patterns - Real Estate Implications

Posted in Advertising on February 22nd, 2009
Real Estate Advisor asked:

On August 15, 2006, the US Census Bureau released its annual statistics for various communities. The data for San Diego County revealed some significant shifts from 2000 to 2005 in terms of the total population in San Diego, the percentage of males to females, percentage of people at various ages, and the racial composition of the County.

POPULATION SHIFTS

Total Population = 2,813,833 (CY 2000) vs. 2,824,259 (CY 2005) = 0.4% increase

Of the total population, there were shifts in the percentage of males to females.

Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) = 1.1% decline.

Females = 1,398,736 (CY 2000) vs. 1,424,060 (CY 2005) = 1.8% increase.

AGE CHANGES

The percentage of people at various age also changed during this time period.

Median Age = 33.2 years (CY 2000) vs. 34.4 years (CY 2005) = 3.6% increase.

Population Under 5 Years of Age = 198,621 (CY 2000) vs. 221,575 (CY 2005) = 11.6% increase.

Population Under 18 Years of Age = 2,090,172 (CY 2000) vs. 2,067,282 (CY 2005) = 1.1% decline.

Population 65 or Older = 313,750 (CY 2000) vs. 310,836 (CY 2005) = 0.9% decline.

RACIAL COMPOSITION

Of individuals who defined themselves as belonging to one-race, the following statistics were provided:

Total Number of “One-Race” Individuals = 2,681,866 (CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.

Individuals who defined themselves as belonging to one-race, were further categorized as follows:

White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) = 3% increase.

Black or African American = 161,480 (CY 2000) vs. 140,181 (CY 2005) = 13.2% decrease.

American Indian and Alaska Native = 24,337 (CY 2000) vs. 19,902 (CY 2005) = 18.2% decrease

Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) = 18.5% increase

Native Hawaiian and Other Pacific Islander = 13,561 (CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.

Other Race = 360,847 (CY 2000) vs. 334,842 (CY 2005) = 7.2% decline.

Of those individuals who defined themselves as belonging to “two-races”, the following statistics were provided:

Total, Two -Race Individuals = 131,967 (CY 2000) vs. 93,538 (CY 2005) = 29.1% decline.

Hispanic or Latino (of any race) = 750,965 (CY 2000) vs. 843,901 (CY 2005) = 12.4% increase.

SHIFTS IN HOUSEHOLD CHARACTERISTICS

Total Household Population = 2,716,820 (CY 2000) vs. 2,824,259 (CY 2005) = 4% increase.

Average Household Size = 2.73 (CY 2000) vs. 2.71 (CY 2005) = 0.7% decrease.

Average family size = 3.29 (CY 2000) vs. 3.33 (CY 2005) = 1.2% increase.

IMPLICATIONS FOR SAN DIEGO REAL ESTATE

If you are interested in buying San Diego real estate, homes, condos or townhouses for sale, then the above information may be useful to you. The information above can help you understand demographic and population shifts that impact supply, demand, and price of real estate and homes for sale in San Diego.

San Diego is one of the most popular areas in the Country because of its moderate climate. In fact, the year-around average weather in San Diego is around 70 degrees Fahrenheit.

San Diego real estate is also popular because of its proximity to the Pacific Ocean, mountains and the US-Mexico border. Bordered by Orange County and Riverside County to the north, and the Mexico to the south, San Diego real estate has hundreds of beachfront properties for sale.

San Diego is the sixth most populated County in the Nation. With this many people, buying real estate in San Diego can be a competitive process depending on the supply and demand of real estate and homes for sale at a particular time.

While interest rates are still relatively low and supply relatively high, buyers at this time may find San Diego real estate a good value.

Those who purchase San Diego real estate enjoy year-around perfect weather, easy access to the Mexico border, a thriving job market, and the pleasures of living close to an ocean.

Whether you are interested in boating, fishing, golfing, tennis or other hobbies, residents and visitors who own San Diego real estate have access to all these activities and more.

Please visit the Census Bureau’s web site for detailed demographic information about San Diego County. The Census Bureau provides key statistics for various communities in its annual American Community Survey (ACS) report.

San Jose Costa Rica Private Investigator

How can I place my real estate license on hold or park it?

Posted in Renting & Real Estate on February 22nd, 2009
Jay K asked:

I would like to avoid board fees in Ontario Canada. I am in a home business which is excelling and yet would still like to keep my real estate license for future use. I need a non board member to hold my real estate license who may or may not charge a fee for this real estate license park or parking my real estate licence service.

Maryland Real Estate Blog

Name Your Price With Arizona Real Estate!

Posted in Real Estate on February 22nd, 2009
Reed Lattin asked:

If you’re looking to buy or sell a home, there is plenty that you need to know about Arizona real estate. When it comes to Phoenix AZ real estate, you might think that now isn’t the best time to buy or sell, but you might be wrong. If you can find an AZ real estate agent that knows the area, you can very easily buy the home of your dreams or sell your own home, no matter what condition the market is in. The Arizona real estate market might make it a little harder to buy and sell Phoenix AZ real estate, but AZ real estate is cheaper than ever, so buying is great right now. Arizona real estate isn’t impossible to sell. It might be a little more difficult, but as long as you price your home right, finding an Arizona real estate buyer shouldn’t take very long at all.

The Arizona real estate market is primed for buyers right now. Whether you’re a first time AZ real estate buyer or if you’re just looking to purchase a different piece of Phoenix AZ real estate, you’ve got plenty of options. People are selling Arizona real estate faster than buyers are snatching it up, so you can practically name your price. Although the economy is a little slow and you might find it a little more complicated to get a mortgage right now, as long as you do, you’ll be able to find the Arizona real estate that meets your needs. If buying Arizona real estate is something you’re serious about, contact an agent that can help you get the best deal.

Arizona real estate isn’t really a place for sellers right now, but it can be. If you take the time to find a licensed AZ real estate agent, you’ll be much better able to know how to effectively sell your home and get out of it much quicker than if you sold on your own. This is because Phoenix AZ real estate agents know the Arizona real estate markets and are able to advertise your home better, which will elicit quicker sales. If you’re trying to avoid foreclosure by selling your Arizona real estate, make sure you let the agent know this and they can help you sell fast.

Whether you’re buying or selling, having an AZ real estate agent on your side can be very helpful. It doesn’t matter if you’ve purchased homes before or if Arizona real estate is your first venture into home buying. If you’re selling, Arizona real estate agents can help you get your home sold, too, which will take the stress off of your shoulders. Phoenix AZ real estate is a tricky market to get into at times, but if you’re prepared and informed you’ll have a better experience. Arizona real estate agents offer a little bit of something for everyone, so you’re sure to find the help that you need. As long as you take the time to research Arizona real estate and know what you’re getting into, your real estate endeavors shouldn’t be complicated.

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Growth, Stability of Commercial Real Estate Investing

Posted in Real Estate on February 22nd, 2009
kumaran asked:

Commercial real estate investing is a kind of investing which is used for business purpose. The commercial real estate investing property is different from other real estate investing like agriculture, residential and other industrial purpose. Commercial real estate investing property provides reasonable price consideration from the investment property and also provides income for long period. In real estate investing, real estate investors make investment on commercial real estate investing. Commercial real estate investing is made by most of the real estate investors, because it fetches more profit for the seller at the time of sale of real estate investment property.

The main purpose why people prefer to make their real estate investing is that commercial real estate investing provides stability and high return in the market. The other advantage we obtained from commercial real estate investing is that it provides investment securities for the real estate investment property purchased from the real market. Real estate investing market is said to be the stable market and it also carries high returns on investment for the property purchased. It is the obligation of the real estate investor to see that the real estate investing property fetch more profit among the customer and it realize more profit. Some of the standard features of commercial real estate investing are

High return

The main advantage of commercial real estate investing property is that it carries high return on investment. More number of people procures real estate property because of its returns provided. Real estate investor enjoys the benefits provided by the real estate property with high return and turnover during the period of sale of real estate investment property. Real estate sector is the wide sector where it carries huge number of properties required with desire prices.

Stability

The other unique feature of commercial real estate investing property is that its stability and consistency with the world market. When though more number of real properties are available in real estate investing market, still commercial estate investment obtains more demand among the customers for reasonable price consideration. Real estate investing benefits are provided more in real estate investing and it is due to the stability provided in the real market.

Commercial estate investment provides long term security of cash flow for the real estate investors who had made their real estate investing. Commercial real estate obtains more demand among the customer and they provides more return on investment with principal and interest. This kind of investment obtains more demand, growth, return and stability compared to other real estate investment property in the real estate market.

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How do you get your Real Estate License and how can you become successful in that profession?

Posted in Renting & Real Estate on February 21st, 2009
~*Nicole*~ asked:

I have been interested in it for awhile - I worked at a law office for a couple years - would that help me get my foot in the door at a Real Estate company? Anyone have any advice or experience to share with me?

Malibu homes

What is required to become a real estate agent?

Posted in Renting & Real Estate on February 21st, 2009
kim asked:

I’m thinking of majoring in real estate and had a few questions for this job. What are majors required to become a real estate agent? Are there any colleges that specialize in that major? How about the required degrees? How many years of education will it take?
I also live in California to be specific.

Atlantic City NJ real estate

You Can Become a Real Estate Entrepreneur Through a Real Estate Grant

Posted in Entrepreneurship on February 21st, 2009
Arek Zbikowski asked:

Grants are generally given by the government to non-profit businesses or those who are looking to help improve the economy with whatever services they have to offer. However, the Real Estate Apprenticeship Grant is one of the grants that are actually allowed for those looking for a profit. If you are looking into getting into the world of real estate then you should look into getting this real estate grant.

The Real Estate Apprenticeship Grant program involves giving training and help to those who are interesting in getting into the real estate world. Grants that total a million dollars in worth are given out every six months. With the assistance that these real estate grants give to people they will be able to get the training and education that they need in order to get into the world of real estate and be more successful in it.

A real estate grant like this can greatly help you out with getting the money that you are looking for. Depending on the type of real estate grant you will be getting as a finalist for a real estate grant you can get about seven thousand dollars worth in assistance that include various different items. Your licensing fee will be compensated, for instance. You will also get a provision to attend classes from RealtyU School for a year. You will also receive online access to real estate mentoring services.

With a real estate grant you will also be provided with Transaction Manager. This is a software program that stores information on each transaction that you make and calculates all of the due dates that you will need to have for your business and all of its transactions. This can help to make your business more effective and organized.

You will receive free counseling from McLean International Counseling with your real estate grant. This will help you out with finding the business system technology that you need for your business.

There are various other things that you will also get with your real estate grant. A marketing startup package will be provided to help you with your marketing goals for your business. You’ll receive various real estate books and demographic information books on various markets. Express Copy will give you free printing services, and you can get a mortgage calculator too. You’ll also get a membership to the Real Estate Cyberspace Society and a subscription to Broker Agent News and National Real Estate Magazine.

In order to get your real estate grant you must be a graduate of a pre-licensing course at a real estate school that is accredited. You should have taken the class during the application season for the real estate grant. If you have passed examination you can be eligible for a real estate grant if you have passed a license test within those six months for grant awarding.

You can apply for a real estate grant today online at realestateapprentice.com/apply.cfm. This application will assess your skills and motives to be a real estate entrepreneur. Remember to bring proof of eligibility, and don’t forget that you will be interviewed if you are a finalist for a real estate grant. Also, a real estate grant is not tax-free and cannot be given to those who work for financial institutions, title companies or insurance companies as a full-time employee.

Missoula Montana Commercial Real estate

The Residential Real Estate Buying Process in Austin Texas

Posted in Real Estate on February 21st, 2009
Joe Cline - Austin Real Estate Broker asked:

Decide to Buy

The first step in buying a house is to try and understand what you hope to achieve. When you begin to think about buying a new house, there are many questions you should ask yourself such as: Why do I want to move? How soon do I want to move? How long do I plan on living in the home? For some people renting or putting off buying makes sense. Expect to commit to your home for 3-5 years if you want to avoid losing money on the home.

Needs Analysis

Once you decided that home ownership is right for you will want to decide a few things: What are the most important features to you in a house? How much do you want to invest in your home? Initially? Every month? Do you have lifestyle changes coming, such as adding a baby, having kids move out, or retiring? What part of town do you want to live in? What school district do you want your kids to go to school in? Once your goals are clearly defined you have your target.

Get Pre-Qualified

An important part of the home buying process is to be qualified for a loan. You should get a “pre-qualification” letter before you start actively looking for a house. Most lenders can provide this over the phone or with a simple 1-page questionnaire. This typically takes 20 minutes. Some data you should have ready is your and your spouse’s name, address, phone numbers, social security numbers, and past two years of employment, residential, bank, asset and debt information. If possible, you should try to get pre-approved for a loan which is a more serious level of commitment from a lender than a pre-qualification. To receive a loan pre-approval, all employment and credit is verified. This will mean that you are approved for a loan, subject to a final credit check and an appraisal of the subject property.

Make sure to inquire about all loans costs (origination fees, discount points, etc) and find out about closing costs. Closing costs are the fees for services, taxes or special interest charges that surround the purchase of a home. They include up front loan points, title insurance, escrow or closing day charges, document fees, prepaid interest and property taxes. Studies show that the closing costs, which can average 2 to 3 percent of a total home purchase price, are often more costly than many buyers expect. Unless, these charges are rolled into the loan, they must be paid when the home is closed. Finally, make sure your lender provides a Good Faith Estimate according to the Truth in Lending Act (Regulation Z). This allows you to “compare apples to apples” between different lenders.

Home Search

After you’ve found a house that you like, fits your needs, and has potential, you’ll need to prepare an offer. Determine whether or not the house is priced fairly by doing a thorough Comparative Market Analysis. Then review the seller’s disclosure and make appropriate adjustments and write your initial offer. Offers should include an earnest money check (made out to a title company), and an option money check (made out to the seller).

Some of the words in the previous paragraph may not be familiar to you. Let’s look at them:

Option Money - a check made out to the seller in exchange for the unrestricted right to terminate the agreement for a specified number of days. This is not found in many states.

Earnest Money - a check made out to a Title Company as a show of “good faith” that you are seriously intending to buy the house. The amount is usually around 1% of the home’s value.

Escrow Account - a special account administered by the Title Company that holds your earnest money until closing.

Title Company - a company that verifies the validity of a title and offers insurance to protect against problems with any liens on a property or clouds on a title. This company also conducts the closing.

Closing - the actual process of transferring the title of a house from the seller to the buyer (including assigning any liens to lenders for mortgages).

Inspection and Repairs

To protect your best interests, have structural and systems inspections done by qualified inspectors of your choice. Your lender will typically also require a termite and wood destroying insect (WDI) inspection. The inspection is a great opportunity to ask questions about your prospective home and learn important information about where everything is and how it works.

When the inspection reports come in, you will need to decide if the home is acceptable “as is”. If you require repairs to be made, then you will have to negotiate with the seller. At that point, you make a counter offer to the seller requesting either that the repairs be done before closing or extra money to be given to you at closing to cover repairs. The seller can either negotiate these points with us or decide to not continue to negotiate. If the seller rejects the offer and you do not want to buy the home as is, the contract falls through, the seller would be free to accept another offer, and your earnest money would be returned to you. If you come to terms an amendment to the contract will be made and we will waive our option to terminate. Then you will contact your lender to request an appraisal and start planning your move. A day before closing or on the same day, it is recommended that you walk through the house to make sure that everything is in order. This protects you from closing on a home that has been damaged in the move out process or that has been taken possession of by another party.

Closing

The exciting day is finally here! You will review the settlement statement (HUD-1) so that you can clear up any questions before closing. Possession of the home generally happens the same day that papers are signed, but sometimes a snag in the funding of the loan will cause a delay in possesion. For this reason it’s best to allow an extra day (or more if we are closing on a Friday or day before a holiday) before you need to be able to move in.

After closing you should file a change of address. File an official change of address form at you local post office or online in the advance so that your mail delivery will not be interrupted. Many corporations, such as credit card companies and magazine subscriptions, take 1 or 2 months to process a change of address.

Congrats! You are now a proud homeowner!

Oakland office space

Are commercial real estate prices destined for the same fate as what’s happened in the housing market?

Posted in Other - Business & Finance on February 21st, 2009
Roxann Colter asked:

The CMBS market is paralyzed and the CMBX says prices will fall 23 percent over the next three years. There are a lot of interest only commercial real estate mortgages in CMBS portfolios and many will begin amortizing this year. If a recession is upon us and those borrowers can’t meet their debt service requirements under the new amortization - it seems to me we have a repeat of what is happening in the subprime universe.

Paper Shredding

How come real estate brokerages are always hiring?

Posted in Renting & Real Estate on February 21st, 2009
technoob1308 asked:

I’m just wondering why that is. All the real estate offices around me advertise that they are always hiring. I’ve never seen a period where they are not trying to get new employees. Why is that?

Simi Valley homes

Is real estate a good career to get into?

Posted in Other - Careers & Employment on February 21st, 2009
No Name asked:

I’m planning on going to college (don’t know what career I’m going for) but I’m wondering if real estate is a good career to get into, if it is a financially stable career, and how hard it is to get into it.

Freightliner Accessories

How do deduct real estate taxes on 1040a?

Posted in United States on February 21st, 2009
petersruby20 asked:

I purchased a home in October, 2007. My monthly mortgage payment includes my county, state, and school taxes (they are placed in Escrow).

Apparently my tax payments will be paid out of escrow in April, May and August of 2008.

Does that mean that I can not claim real estate for my 2007 return?

(At closing, I did have to reimburse the seller for real estate taxes he had already paid up to Dec. 31.)

Missoula Montana Commercial Real estate

Will I need a real estate license to enter into a contract with any apt complex to locate renters for them?

Posted in Small Business on February 21st, 2009
tyghtshots asked:

Thank you all for responding so promptly to my question on obtaining a real estate license. Now I see and understand that I don’t need one to locate the apartment, but the obtaining the education would be beneficial to me. If I want to enter into a contract with an apartment complex do I need a license for that? I wouldn’t show the apartment to the renter, but I’d let them know where it was and all of the other fun stuff that comes along with the search.

Thank you all!

Peterbilt Accessories

What are the steps in selling a house in NJ without a realestate agent for the seller?

Posted in Other - Business & Finance on February 20th, 2009
3.14159 asked:

A Realestate agent made an offer to me for a client of his and I have accepted informally.

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Buying A Home Or Real Estate In San Diego County?

Posted in Advertising on February 20th, 2009
Real Estate Advisor asked:

One of the original counties of California, San Diego County is named in honor of the Franciscan St. Didacus of Alcala, known in Spanish as San Diego de Alcala de Henares. Located in the far southwest, bordering Mexico, it is the third largest County by population in the State of California.

Sun, sand and surf is a way of life with people in San Diego. The county is blessed with year round good weather making it a favorite with first time visitors as well as residents. No wonder then San Diego County is a preferred choice of people looking for prime real estate. The entire County is known for its natural splendor, and whether it is the North County area, Central San Diego, East County, or the South Bay, real estate is buzzing throughout San Diego County.

Although most of the communities make for great real estate, each one of them has a distinct identity of its own. Coronado, located across the bay from downtown San Diego, for instance, is a world famous tourist destination offering a peaceful life to its residents. La Jolla, located 15 minutes from San Diego offers up beachside market comforts with fabulous restaurants, art galleries, museums and the famous Scripps Institute of Technology. The list goes on and on.

Whether you are buying, selling or renting property in San Diego County, your choices are plenty. It all depends on what kind of property you are looking to buy or sell. A simple online search can yield you great results with virtually thousands of properties up for sale.

When buying or selling a home, you should know that there are a variety of factors that influence a home’s price. Perhaps the largest contributor is the price of similar homes in the same community. Other factors include a home’s proximity to the ocean, the quality of schools, crime statistics, availability of local hospitals, proximity to police stations, availability of recreational facilities, etc.

Be sure to find a knowledgeable Realtor who can guide you throughout the home buying and home selling process. A good agent will assist you with locating a home that meets your needs, negotiating a good price, and will guide you through the home loan, escrow and closing processes.

santa monica homes

What is the process to obtain a real estate license in Florida?

Posted in Renting & Real Estate on February 20th, 2009
J asked:

I’m looking into getting my real estate license and wanted to see what the process is. Should I find a class and then take the exam? Do I have to take the class or can I get away with the study manuals? I’ve been buying/selling houses for a couple of years now and wasn’t sure if there was too much info, besides real estate laws that I would need to learn.

After that do you just have to find a brokerage to work under to list properties?

Thanks,

Happy New Year.

missoula mt real estate

Top 7 International Real Estate Markets

Posted in Real Estate on February 19th, 2009
Real Estate Advisor asked:

Based on several factors that include lifestyle, retirement, opportunities for fun and investment, International Living magazine has chosen the world’s seven hot spots for 2007. Still virtually unnoticed by the world’s tourists, these seven regions are the best international real estate markets in 2007. They are:

1. Montenegro: This spectacular European country on the Adriatic Sea that many have almost forgotten has topped the list of best international real estate markets. The aquamarine sea, enthralling mountain backdrop, captivating summer villas and quaint fishing villages are just a few features of this jaw-droppingly beautiful country. An ideal tourist spot, this country has been adjudged the ‘fastest growing travel and tourism economy’ by the World Travel and Tourism Council.

2. Cartagena, Colombia: This is an ancient walled city embellished by magnificent Spanish colonial architecture and flanked by white-sand beaches. The city offers a warm weather, affordable lifestyle, and world-class diving and snorkeling for tourists and locals alike.

3. Malaysia: Southeast Asia’s top retirement haven, country is a very affordable destination. Malaysia offers a western lifestyle and a host of attractions including modern infrastructure, cheap accommodation and innumerable cultural charms. Its beautiful white beaches and clear blue waters offer sailing, diving, snorkeling, etc.

4. Calabria, Italy: A sunniest corner of Europe, Calabria is a beautiful peninsula that is enveloped by clear silver-blue sea on three sides. Life happens in a very leisurely manner in this place that possesses all the charms of a medieval village. A promising real estate market, the region is well connected by the low-cost Euro-carrier RyanAir.

5. Ciudad Vieja, Uruguay: This is another of the world’s inexpensive cities that remains undiscovered yet. The city has seen a booming real estate market since 1995 and the upward trend is sure to continue through 2007 too. Also ranked as one of the top 10 cheapest cities in the world last year, Ciudad Vieja remains one of the best places to invest this year.

6. Honduras Cloud Forest: With acres of mountain forests of breathtaking beauty, this mountain paradise is just minutes from a charming beachside town and an international airport. One can access this town by air in less than 2 hours from many places in the U.S. With the area poised for a real estate boom in a few years down the line, now is the time to buy.

7. Mexico’s Flamingo Coast: An enticing stretch of coastline with dozens of quaint little beach towns, side-by-side, the Flamingo Coast offers great beachside living and a laid back lifestyle. Its warm weather, white sandy beaches, emerald-green waters and cheap rentals are some of the attractions the region offers.

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Real Estate Jibber Jabber

Posted in Real Estate on February 19th, 2009
zee001 asked:

Faith in real estate is firm, new poll says. Shiller: Real estate is risky business. A Better Way to Sell Real Estate is Now Available. Next Big Thing in Real Estate is Booming in New Virtual Markets Like Second Life. Google Real Estate is dark cloud over newspapers. According to the Professional Auctioneers Association, real estate is the fastest growing auction industry in the United States. Commercial Real Estate is Opaque. Phoenix Real Estate Is Everywhere, What Are YOU Looking For. High-end real estate is also tracked by how many square feet you can buy for $1 million. Even the real estate is legendary. International Real Estate is set to be the biggest and best investment market of the next several years. Musician Marc Ribot Says Real Estate Is Squandering Culture. First Realty GMAC Real Estate is a leader in Des Moines Real Estate. Wealthy Say Real Estate Is A Good Investment by Blanche Evans. The 39th edition of the Carnival of Real Estate is up at the fine Trulia blog. Yes real estate is a very local business. Silicon Valley Real Estate is Crazy. I beleive that real estate is local and that my readers are more interested in real estate than they are in REALTORS or in technology. The quickest way to create a believer in real estate is to have them invest in the stock market.

Distribution, transmission, republication of any material is strictly prohibited without the prior written consent of Real Estate News. The Commercial Real Estate News has moved to The Real Estate News Exchange. Midwest Real Estate News, 415 N State Street, Chicago IL 60610, 1-888-753-7828. MLS® Statistics ú News Releases ú Real Estate News. Real Estate News. Real estate news in brief: Construction rates, sales rates. Citi Habitats now has an RSS feed that picks up our media coverage and enables you to follow us as we make real estate news. Washington DC Real Estate News ú ZipRealty Corporate Blog ú NY Times Real Estate ú Living History in St. Read financial news, info, updatesand other real estate news online. Central Florida Real Estate News is updated daily; the easiest way to get your daily dose is by subscribing to our news feed. Posted on April 3, 2007 | Filed Under Real Estate News. Subscribe to the NewsBlast to receive current commercial real estate news via email. Com offers the media’s only real estate news beat coverage of global warming and how it hits home. Real Estate News ú Home sales slump worsens in wake of subprime mortgage woes ú Toll Bros.

Readers Comment on the real estate market. It’s part of Seeking Alpha’s coverage of the real estate market and homebuilder stocks. Has the real estate market bottomed. All you want to know about Ukraine Real Estate Market placed here. Here are the latest real estate market statistics for Glen Burnie, MD. Colorado Springs Real Estate Market Report:. At the same time the real estate market still maintains more or less the prewar price levels. The real estate market is very hard to generalize. CBCSM real estate market research aids in your effort to make well-informed decisions for your company’s portfolio or your personal portfolio. If all this news is actually good for the real estate market, there’s one group who may be doing some teeth gnashing: the agents themselves. Austin Real Estate Market Statistics. The residential real estate market sent mixed signals in April, with single-family home sales dropping 1. With some of the most exciting Manhattan Apartments being built now, the Manhattan real estate market is changing like never before. The Scottsdale Arizona real estate market has changed dramatically in recent years. The commercial real estate market has been on a tear in the last few years. The latest Austin MLS report indicates the Austin, Texas real estate market remains strong through April 2007 (Austin MLS reports are about a month behind). Yahoo Targets Local Real Estate Market. The most up to date statistical analysis of the real estate market. Seattle Real Estate Market Watch.

Cities Where Real Estate is Hot; Affordable Northeast Suburbs. Shiller: Real estate is risky business. That brings us to his latest book All Real Estate is Local. Faith in real estate is firm, new poll says. A Better Way to Sell Real Estate is Now Available. Phoenix Real Estate Is Everywhere, What Are YOU Looking For. Even the real estate is legendary. International Real Estate is set to be the biggest and best investment market of the next several years. Real estate is a business where realtors will be dealing in an immovable property. Fidelity International Real Estate is just a bit more than two years old. So, with a ballpark growth of 80% per year, every year for the last 12 years, it comes as no surprise that real estate is big on the Internet. As an investment, real estate is one of the easiest business to manage. Real estate is sold in all areas, but employment is concentrated in large urban areas and in rapidly growing communities. If experience and integrity are important to you as a buyer or a seller then Terry Wootan Real Estate IS THE FIRM FOR YOU. Owning a piece of Squaw Valley real estate is usually all about spending time in this amazing valley.

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How much money do Realestate Agents make?

Posted in Renting & Real Estate on February 19th, 2009
Larry V asked:

I’m thinking of becomeing a Realestate Agent, and I was wondering how much money they make. In like a week, month, year.

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Tips For Military Home Buyers Who Are Buying San Diego Real Estate

Posted in Advertising on February 19th, 2009
Real Estate Advisor asked:

San Diego County is home to one of the largest concentrations of military bases in the United States. In fact, the San Diego area contains 12 major Marine Corps and Navy bases and facilities. If you’re in the military and moving to San Diego, one of your biggest decisions is whether to buy a property, live on base housing (if this option is available to you), or rent a home or apartment. If you choose to buy a property, there are many issues to consider before taking this step.

BUY OR RENT?

The decision to buy or rent is more complicated for military personnel because you may be assigned to San Diego only for a limited period of time. If you plan to purchase while in San Diego and then sell when you transfer, the condition of the real estate market at the time you sell will make this either an easy or difficult process. In a seller’s market (when demand exceeds supply), properties tend to sell quickly and at or above asking price. In a buyer’s market (when supply exceeds demand), properties usually take much longer to sell and may sell below asking price. Individuals in the military should consider this issue in determining whether to buy or rent real estate in the San Diego area.

For those who choose to buy, the major other consideration is the likely appreciation rate of your property during your tenure in San Diego. If you plan to sell your property before you depart to your next assignment, you should remember that there are expenses (e.g. realtor fees, taxes, etc.) associated with selling your house, and any price appreciation you realize by owing the property for a few years, may or may not be offset by these fees.

Some individuals choose to keep their property even after they transfer to a new assignment outside of San Diego. In these cases, you can rent out the property, leave it empty, or find another acceptable use of the dwelling. If you choose to hire a Property Manager to oversee the renting and maintenance of your property, keep in mind that the fess for this service will cut into any monthly profit you realize on the property.

GETTING A HOME LOAN?

If you decide to purchase a property, obtaining a home loan is one of the tasks you must undertake. Many active-day members, retirees and other service veterans are eligible for special loan programs guaranteed by the Veterans Administration (VA).

To be eligible for a VA guaranteed loan, you must have served on activity duty and have a discharge status of other than dishonorable after a minimum of 90 days of service during wartime, or a minimum of 181 continuous days during peacetime. There is a minimum 2-year service requirement for veterans who enlisted after September 7, 1980. The 2-year requirement also applies to Officers who began service after October 16, 1981. There is a minimum 6-year service requirement for National Guard members and Reservists, and surviving spouses are also eligible under some conditions. There are other special conditions in which a person may be eligible, so contact your local VA office to get more information.

WHAT IS VA GUARANTEED LOAN?

The VA loan is a federal guarantee of a maximum of 25% of a home loan amount but not to exceed $104,250. This formula allows eligible members to obtain a maximum loan amount of $417,000 (as of 2006). However, service members must meet other eligibility requirements. Individuals borrowing using this type of loan must intend to be occupants of the purchased property.

Private lenders are the source of funds for VA guaranteed loans. The guarantee provides these private lenders assurance that the federal government will reimburse the lender up to the maximum allowable amount if the borrower fails to repay the loan. Because of this guarantee, lenders are more favorable to offering loans without a requirement for a down payment.

VA CERTIFICATE OF ELIGIBILITY

Individuals desiring a VA guaranteed loan must first obtain a Certificate of Eligibility from the Veterans Administration (VA Form 26-1880). Contact your local VA office to obtain this form by calling 1-888-244-6711. You will need a copy of your military discharge document (DD-214) to submit with your application. Once you have the Eligibility Certificate, you can then select a lender or mortgage broker to work with on getting the loan.

CLOSING COSTS

In addition to the purchase price of your property, there are closing costs that must be paid to process your home loan. These closing costs are fees that are charged by different service providers to help complete the loan process. For example, your lender will require an appraisal of the property to make sure that its value is at or above your purchase price. Other charges commonly included in closing costs are: recording fees, credit report fee, prorated taxes and assessments, hazard insurance, flood insurance (if required), survey, title examination, title insurance, postage and shipping fees, and the VA Funding fee.

WHAT IS THE VA FUNDING FEE?

The VA charges a fee to individuals utilizing the VA guaranteed loan. This fee is a percentage of the loan amount and is linked to the size of your down payment on the home you plan to purchase.

For active-duty personnel or veterans who put no money down, the funding fee is 2.15% of the loan amount. This rate increases to 2.4% for National Guard/Reserve.

For active duty personnel or veterans who put a down payment greater than zero but less than 10% of the loan amount, the fee is 1.5% of the loan. This rate increases to 1.75% for National Guard/Reserve.

For active duty personnel or veterans who put a down payment of 10% or more of the loan amount, the fee is 1.25% of the loan. This rate increases to 1. 5% for National Guard/Reserve.

The rates listed above are for first time users of the VA loan guarantee program. Individuals who have used the VA guaranteed loan program before pay higher rates than first time users. The rates above are subject to change. In some limited cases, individuals are exempt from paying the funding fee. You should contact your local VA center for current information.

CHOOSING A VA LOAN VS. A CONVENTIONAL LOAN

You must carefully evaluate the terms of the VA guaranteed loan vs. the terms of a conventional loan. One advantage of a VA guaranteed loan is that many lenders will not require you to put a down payment on the purchase of the property, assuming you meet their other lending criteria (e.g. credit scores, sufficient income, adequate debt to income ratio, etc.). There are also many zero down payment conventional loan programs. In some cases, the VA guaranteed loan will offer a lower interest rate and better terms, and in other cases, you can obtain a better deal through conventional financing. A good loan officer can help you evaluate the advantages of either loan, given your particular situation.

FINDING THE RIGHT HOME

If you are familiar with the San Diego area, then you probably already know where you want to live. If you are less familiar with the communities in San Diego, your Realtor can serve as an excellent resource to answer your questions. There are many steps to take during the home search process, which include:

1. Work with your loan officer to identify how much you can afford.

2. Determine what type of property you want to buy (single-family home, townhouse, condominium, other). Your Realtor can advise you about the differences between these types of properties.

3. Determine how many bedrooms, bathrooms, square footage, etc. you need.

4. Determine what areas of San Diego you would consider living in.

5. Calculate the drive time (with and without traffic) to your job.

6. Identify the quality of schools in the neighborhoods that you are considering.

7. Locate the crime statistics for the neighborhood that you are considering.

8. Identify the location of local community resources such as libraries, shopping centers, athletic centers, etc.

9. Ask your Realtor to advise you about the resale potential of the home you are considering.

Although there are many other factors to consider, the above is a good starting point. Your Realtor should be able help you get answers to the questions above as well as provide you many other resources. Keep in mind that most Realtor’s who assist homebuyers and paid by the home seller, but make sure to ask your Realtor about this.

HOW MUCH SHOUD I PAY FOR A HOUSE?

Your Realtor should be an excellent source of information to help you understand a fair offer price. The Realtor should provide you information about what other similar properties in the same community have sold for recently, current pricing trends for the community, as well provide you a recommendation based on their experience in the local market.

DO I NEED A HOME INSPECTION?

There are many other issues besides the offer price to consider when making an offer. For example, many buyers find it advantageous to get an inspection of the property by a qualified inspector. The inspection typically covers the major systems of a property. Check out the National Association of Home Inspectors web site for more information about what is covered in a typical home inspection. Getting a home inspection is generally a good idea.

HOW LONG WILL THIS TAKE?

If you want to use the VA guarantee, then make sure you have obtained the Certificate of Eligibility far in advance of your relocation to San Diego. Whether or not you are using the VA loan program, be sure to obtain a loan pre-approval (sometimes called loan prequalification) from a lender or mortgage broker. This lets home sellers know that you are a serious buyer and are ready to act quickly if needed.

Prior to moving to San Diego, get a sense of the local real estate market. Your Realtor can set up an automatic email notification system that will send you descriptions and pictures of properties that meet your criteria. Doing this type of research should save you a lot of time when you arrive.

Once you have your loan pre-approval, the next step is to locate a property that meets your needs. Your Realtor should show you a variety of available properties that meet your criteria. Once you find a house you an interested in, your Realtor will prepare the purchase offer documents, and guide you through the loan and closing process.

In summary, it’s simply a process of getting a loan, finding a house that you like, making an offer that is accepted, and going through the closing process, which can occur in less than 30 days.

CONTACT A SAN DIEGO REALTOR

If you are moving to San Diego, contact a Real Estate agent who is familiar with VA guaranteed loans and has experience working with military buyers. Many agents have prior military service themselves, and are very familiar with your situation and needs.

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IRA Real Estate Investing When the Going Gets Tough

Posted in Personal Finance on February 19th, 2009
Peter Clark asked:

IRA real estate investments are booming in 2008 for soon to be retirees who are worried about their future retirement plans. With the economy looking wobbly, the stock market plunging and the big investment banks going under, with us bailing them out, some traditional forms of retirement investing are starting to look a little sick.

For these reasons IRA real estate investments are increasing. Increasing? Surely not. Along with an economic meltdown, a stock market collapse and all sorts of economic turmoil, isn’t the real estate market headed for oblivion as well? Who in their right mind would consider investing their IRA in real estate?

Surely in 2008 real estate is a one way trip to the poorhouse.

No, not quite. Have you ever heard the expression that there is opportunity in adversity? There is plenty of opportunity in real estate right now, if you know where.

But lets look at IRA real estate investing first. How can you invest your IRA in real estate? Is it allowed? Is it legal?

Traditionally the majority of the population invest their IRAs in investments that are promoted to them by their custodian. In fact some custodians limit allowable investments to their own. So, it’s estimated, over 90%, in fact around 96% of IRA funds are invested this way. Mutual funds, CDs and stocks, and so on.

No problem if the markets are pushing ever skyward, but quite a problem right now.

But what about IRA real estate investments? Yes it’s entirely allowed to invest your IRA in real estate through a self directed IRA. Although this is not widely recognised, IRA real estate investing is one of the best forms of wealth accumulation for retirement. Real estate is a traditional long term wealth accumulation model, and as such is in fact ideal for IRA investing.

If you’re not certain about the details of how to set yourself up for IRA real estate investing consult your CPA, that’s outside the scope of this article. However take my word for it, it’s quite legal, and many canny IRA investors are doing it right now, and have been for a long time. You may need to execute an IRA rollover into a self directed IRA, but the trouble is worth it.

And there’s powerful reasons to consider investing your IRA in real estate. Did you know, for example, that it’s estimated that 85% of all wealth in the US was created through real estate?

And that through your IRA you can secure up to 70% bank non-recourse financing to invest your IRA retirement funds in income producing real estate?

Its food for thought isn’t it?

Now back to the real estate market. After all there’s no point in IRA real estate investing if the value of your real estate investment is going down is there?

Although we all hear that the real estate investment market is dreadful this isn’t the whole story. PARTS of the real estate market are dreadful, but not ALL of it. It’s perfectly possible to find excellent opportunities for investing in the lower priced end of the market. Simple comfortable homes for the working class who live in those faceless suburbs in cities right across America. There are some fantastic IRA real estate investments available in the right place RIGHT NOW.

But if you’re looking to get out there and find them yourself then you may be in for a shock. It’s not something that is realistic for the individual IRA real estate investor. You need professional help.

Buy in the wrong place and you’ll probably get burnt, big time.

But right now there are some excellent opportunities available for securing a great real estate investment, no cash down, at under market value, with tenants supplied, rental guarantees and even a guarantee that you will double your current investment return.

All through a major US public corporation with a reputation for solid real estate investment returns, for both IRA real estate investing and ordinary credit investing in real estate.

Yes you can secure your retirement future through a good IRA real estate investment, or more than one. However it’s the time to leave it to those who really know what they’re doing in hard times, and you can relax and leave the hard work to someone else.

But which corporation could possibly offer an opportunity like this?

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Top Five Reasons to Invest in Real Estate Today

Posted in Finance on February 19th, 2009
Brenda Cote asked:

When it comes to real estate, the topic of the day is the downturn in the market, the number of people losing their homes, and how much this is going to hurt the economy. In the seventeen years I have been in the real estate business, I have witnessed every fluctuation the market has to offer. While it is true that many property owners are enduring trying times, rarely does the same happen to knowledgeable real estate investors.

There are those individuals who remain emotionally unattached and invest wisely in real estate. As a result, they live a very comfortable, if not lavish, lifestyle. Investing in real estate, especially during a downturn, can widen an investor’s opportunities and bring about lucrative returns. This is a truth. If you are thinking about becoming a real estate investor or have already made the decision to start, the following information is priceless.

Wanting to secure a comfortable financial future, most of us go to work every day hoping to build a nest egg. Since, it is common knowledge that real estate investors have the capacity to not only build a nest egg but also create a fortune, why aren’t more people joining the ranks of real estate multimillionaires? Why aren’t there more people fighting for a seat on the real estate bandwagon?

Well, the truth behind real estate investing is that it is a business and therefore, must be treated like one for it to prosper. Just like any other promising venture, investing in real estate requires a well-defined vision, a strategic plan, and an entrepreneurial mindset. Even with the overwhelming evidence revealing success, only a microscopic segment of the population is willing to take the risk, do the work and follow through. The rest simply watch and call those of us doing the work “Lucky”.

When I began my career in real estate, I didn’t have a plan. I didn’t invest. I didn’t even see past my next commission check. What kept me hanging on was a desire to live like the people I worked for, most of whom were real estate investors. Years later, I committed to create serious wealth through real estate. As soon as I mindfully committed to my goal, I began to make deals and more money than ever before.

By choice, I am not one of those investors who vacations six months out of the year. I work all the time meeting with clients, looking at properties and refining my strategy. Add to that a growing number of mentoring/coaching clients and my schedule is officially full. Nevertheless, I am continuously increasing my net worth as I am doing something that never feels like work.

Besides creating amazing wealth, being your own boss and having a place or two to call home, owning a real estate investing business has many other advantages. The following five play a special role for the novice investor.

1. Safe Investment

When we use a timeline to compare the real estate market to other investments, such as the stock market, it is easy to see that real estate continues to increase in value over time without any serious instability. Although, there is currently a housing crisis in various parts across the country, every indicator points out that what we are actually experiencing is a readjustment of highly inflated real estate prices. Just as prices may be dropping, in time they will undoubtedly increase. In contrast, the stock market has put investors through a dizzying rollercoaster ride made up of swift highs and abrupt lows throughout history. Regardless of what type of market we are in, it is clear that an investment in real estate guarantees a profit over time.

2. No Cash Necessary

For beginning real estate investors, sometimes the only investment they can make is their time. For every real estate investor, finding a lucrative deal is as good as striking oil. There are plenty of seasoned investors with money in their pockets itching to buy a piece of discounted property. Wholesalers often utilize this method. Therefore, if you are new to the game, consider finding a deal, tying it up and connecting with an investor who can take it off your hands…for a price, of course.

3. Almost Anyone Can Do It

Real estate is such a lucrative field that it opens doors to countless amateur investors everyday. There are how-to books and seminars at every turn teaching would-be investors a myriad of ways to make huge profits in the real estate market. While it is true that overnight success is practically unheard of, anybody with the heart, mind and determination can make it big in real estate. The keys are to continue learning and to monitor market conditions.

4. Leveraging Power

While novice investors can turn a quick profit by wholesaling their deals, Buy-and-Hold investors can yield a profit by borrowing against (leveraging) their properties. Typically, lenders will allow holders of owner-occupied property to borrow up to ninety-five percent of their property’s value and up to eighty-percent of non-owner occupied units. This means that you can either purchase property with a minimal out-of-pocket investment or acquire financing that will allow you to pull cash out of your property’s equity to use for future ventures.

5. Tax Breaks

The popular 1031 exchange and depreciation are just two of them. The United States government has set up multiple tax breaks favoring real estate investors. Owning real estate with the goal of making a profit allows you to deduct interest payments, repairs, and vacancies among other expenses when preparing your tax return. It is important to note that purchasing real estate makes economic sense; it should not be purchased solely for the tax benefits.

Ultimately, owning a real estate business is the way to achieve financial freedom regardless of economic conditions. Whether you quit your job and dive right in or you work at it in your spare time, you can make it happen. Worthwhile benefits are waiting faithfully for the taking.

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Any really good real estate investing programs that make sense for this market?

Posted in Renting & Real Estate on February 19th, 2009
ecgdgz z asked:

Does anyone know of any real estate investing courses that really help you make money in today’s crazy market? I don’t want to pay for stuff that doesn’t work any more.

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How is the austin or san antonio realestate markets?

Posted in Renting & Real Estate on February 19th, 2009
jessica asked:

I’m moving from the very expensive california bay area and trying to a good place to renevate and sell houses. Can anyone tell me about these areas both for realestate and just for living?

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How do you start a real estate holding company and a real estate development company, can I combine the 2?

Posted in Renting & Real Estate on February 19th, 2009
Bdd asked:

I am 14 and when I get older I would like to start a real estate holding company LLC and a real estate development company LLC. How much money would I need to start one? With the real estate holding company do I get capital gains? Also I would like it to be publicly traded. So what is the best way to go about doing this?

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What is the difference between realestate auction “resale” properties and regular realestate up for auction?

Posted in Renting & Real Estate on February 18th, 2009
Tonya B asked:

I’m considering placing a bid for a property in my subdivision that has recently gone up for auction. The auctioneer website lists this property as a “Resale”. I’m trying to figure out what this means.

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How do I get started in realestate if I have no experience at all in this field?

Posted in Financial Services on February 18th, 2009
ericka asked:

I am really wanting to learn the field of realestate and need some information due to I have no experience in this field.

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How do I get in the commercial real estate industry?

Posted in Renting & Real Estate on February 18th, 2009
Tosin o asked:

I am 22 years old and looking to get in the commercial real estate industry, preferably the leasing aspect. What would be fundamentally required for a person as young as me to be even considered for a job in a large commercial real estate firm? Considering I have a real estate agents license, what else would be needed or would interest a company in hiring someone so young? In other words, how can I get my foot in such an industry, thus giving me a chance to work my way up?

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Is there anyone out there that has used the johnbeck free and clear realestate techniques?

Posted in Renting & Real Estate on February 18th, 2009
eric t asked:

Has anyone bought and signed up with the johnbeck free and clear realestate program and if so, how much time and money did you send, and have you made any money with the program?

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How do I find Real Estate Investor to invest with me?

Posted in Investing on February 17th, 2009
MobileMall RO asked:

Hi! I am a Real Estate investor in the Romanian market and we have currently running a $10.000.000 investment . We have 2 more projects but we don’t have a company to partnership with . Romanian is named El Dorado of real estate investment. Where I find companies in USA or EU to send them a proposal ?

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Can I add real estate listings from local realestate websites to my Classified Ads site i’m starting?

Posted in Renting & Real Estate on February 16th, 2009
Cody asked:

I’m starting a classified ads website and i’m wondering if I can add listings that local real estate companies have listed on there website to my “real estate” portion of my local classified ads website?

I’m planning on putting all the information up on who to contact in regards to the listing.

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If we hire a real estate agent, can they work with us on foreclosed properties?

Posted in Renting & Real Estate on February 16th, 2009
BlackDahlia asked:

Can most real estate agents help their clients with foreclosed properties, or do they usually just stick to listings with home owners? We’re looking into buying, but are on a limited budget, and want to look more closely into foreclosures. Thanks.

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How do I get started in real estate in the entry-level status?

Posted in Financial Services on February 16th, 2009
ladyvibe03 asked:

I am wanting to know how to jump head first into the real estate market and get my feet wet while still making money. I do not have any experience what so ever, just a real urge to get into this market! I want to take classes but, I really don’t know what I need to take 1st and I want to start on my associates degree as a at-home work study but, I’m not sure what employers are looking for as far as education in the real estate world other than Business Admin. I hope there are some real estate guru’s on here to help a sista out! Thank you in advance!

San Diego Commercial Real Estate

real estate?

Posted in Renting & Real Estate on February 16th, 2009
jeannie asked:

I just recently passed the real estate test and I have no idea what to do! Please anyone can you give me some advise on what to do next - I need a good company thats willing to train me?

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Can you gain your real estate license from the internet and sell real estate in Tenn?

Posted in Renting & Real Estate on February 16th, 2009
mountain_bike300 asked:

I called a real estate company and i didnt ask that question but looked at gaining my real estate license from internet. I know real estate, i have 7 homes that i rent out, but unsure about the truth about online colleges. Please help. Thank you.

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How do you become a real estate apprasier in San Diego?

Posted in Renting & Real Estate on February 16th, 2009
Adrian C asked:

I’ve recently become interested in real estate appraisal as a career. Can anyone give me the exact requirements for certification in California? Also, does anybody know what the job market looks like for appraisers in San Diego?

Mar Vista Homes

How do real estate agents get listings from foreclosures?

Posted in Renting & Real Estate on February 15th, 2009
Jen asked:

I work with a real estate agent who gets his listings from law offices and banks. How do you do it?

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Real Estate?

Posted in Other - Business & Finance on February 15th, 2009
nashe asked:

I am in real estate business in Malaysia.

I have lots of land for sale below market value.

I personally, interested to buy some, but I have no cash.

Do anyone know who is interested to buy lands in Malaysia?

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What to look for in a good real estate agent?

Posted in Renting & Real Estate on February 15th, 2009
Kathy R asked:

My dad is a public school teacher but he became a millionare investing in real estate. His advise is to hire the “youngest and hottest real estate dame in town”. He says they get more people interested in their properties and they are harder to say no to when working through a deal. He sounds like a pig to me on this one but it has worked for him. Any one with experience on this one because I need to find a good agent.

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How reputable are the real estate courses offered by real estate companies?

Posted in Renting & Real Estate on February 14th, 2009
operaphantom2003 asked:

I am interested in going into real estate when I finish college and have been looking around at schools. Century 21 offers their own course (3 weeks) and another real estate company offers one for 6 weeks while the community college offers one for 8 months that trains you how to appraise and broker as well as just getting your license to sell.

Which program is best and what is the difference between being a real estate agent (seller) and a broker?

The costs range from $600-$2500

Oakland commercial real estate

1031 Exchange or Real Estate Investment Trust?

Posted in Real Estate on February 14th, 2009
Mike Trudeau asked:

Over the last several years, real estate has been as hot as any other investment. It wasn’t until recently that real estate cooled a bit. During this time, we’ve all heard the stories of the easy money made investing in real estate. When money was easy, and there was no end in sight to the real estate boom, people were flipping houses like crazy. For many of these individuals, the 1031 exchange money could not be any easier. However, the times have changed. The downturn has taught even the most bullish real estate speculators that real estate can also go down in value. More than ever, investing in real estate, takes professional know-how, time, and resources to successfully invest in real estate. So, how does the average person invest in real estate, this day and age?

Well, there is a way, and it’s been around for quite some time. It’s called a Real Estate Investment Trust, or REIT. A Real Estate Investment Trust is a way for the small investor to invest in big real estate. A Real Estate Investment Trust is an organization that is set up to manage and invest in real estate professionally. You can purchase a Real Estate Investment Trust (REIT) via the stock exchange in the form of a stock, or privately. Private Real Estate Investment Trusts typically require that certain suitability criteria be met. Also, private REITs are typically longer-term investments, with liquidity considerations. Public Real Estate Investment Trusts can be bought and sold on the stock exchange and are considerably more liquid than their private counterparts.

Investing in a Real Estate Investment Trust can come in many forms. You can purchase a Real Estate Investment Trust that focuses on large-scale commercial real estate, for example. This would allow you to take part in major real estate deals involving 100 plus story buildings, that would otherwise be available to the ultra rich. Some Real Estate Investment Trusts may have their focus in apartment buildings or even new housing construction. The point here is that you can choose your Real Estate Investment Trust sector through one of these REITs. If you want a more professionally managed approach there are a large number of REITs actively managed through the purchase of mutual funds. This can provide for diversification, and individual real estate sectors.

Properly set up Real Estate Investment Trusts are tax-advantaged. This means that they are not taxed at the corporate level. However, they must be set up properly. It is required that REITs invest 75% of their funds in real estate. These requirements are met by income derived from mortgage or rent interest. Essentially, you’re relying on other parties for their expertise in the real estate arena. Going at it alone is tougher than ever these days. You have the typical headaches, like qualifying for a 1031 exchange, property taxes, escrow, title insurance, and so on. But, that’s really the easy part. When the real estate market only went up, the biggest worry for speculators was how to take advantage of a 1031 exchange and save on capital gains. Now, there’s much more to worry about, as real estate not only goes up, but it can certainly come down.

It’s important to keep in mind that Real Estate Investment Trusts also come with inherent risks. If real estate values plummet, and you have a large percentage of your assets exposed to Real Estate Investment Trusts you may experience declines, as well. This is where diversification is very important. The standard Real Estate Investment Trust me diversify you within different types of real estate, but you should always practice further diversification. Investing in different asset classes, sectors, and the life will provide you with further diversification. Make sure to work with a qualified investment advisor or do your due diligence when investing in any type of Real Estate Investment Trust.

Chicago Real Estate Gold Coast

Clairemont, San Diego, Real Estate Market Trends, Single-family Homes, Mid Year Analysis, 2006

Posted in Real Estate on February 14th, 2009
Real Estate Advisor asked:

The community of Clairemont (sometimes called Clairemont Mesa) is located in central San Diego County, California. The community is located off Interstate 5 at Balboa Ave and is within the 92117 Zip code.

The real estate and homes for sale in Clairemont fall into the moderate-income category for San Diego County. The number of homes sold in a particular year is relatively high. For example, during the period from January through July 2006, approximately 183 single-family homes sold. Approximately 226 homes sold for the same period in 2005.

One method to analyze pricing trends for a particular community is to evaluate the median and average price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and average price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.

The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The average price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.

The median price of homes in July 2006 was $560,000, compared to $562,500 in July 2005, which represents a 0.9% drop. The average price of homes in July 2006 was $575,114, compared to $585,602 in July 2005, which represents a 2.4% drop. Approximately 21 homes sold in July 2006 and 26 in July 2005. The data provides evidence that there was a downward price trend in July 2006 compared to the same period last year.

The median price of homes in June 2006 was $555,000, compared to $570,000 in June 2005, which represents a 2.6% drop. The average price of homes in June 2006 was $586,758, compared to $584,415 in June 2005, which represents a 0.4% increase. Approximately 30 homes sold in June 2006 and 34 in June 2005. The data for June 2006 was mixed, as median prices declined and average prices rose slightly from the same period last year.

The median price of homes in May 2006 was $550,000, compared to $562,000 in May 2005, which represents a 2.3% drop. The average price of homes in May 2006 was $584,012, compared to $582,000 in May 2005, which represents a 0.3% increase. Approximately 33 homes sold in May 2006 and 37 in May 2005. The data was mixed in June 2006, as median prices declined and average prices rose slightly from the same period last year.

The median price of homes in April 2006 was $564,000, compared to $565,000 in April 2005, which represents a 0.20% drop. The average price of homes in April 2006 was $584,722, compared to $612,897 in April 2005, which represents a 4.6% drop. Approximately 32 homes sold in April 2006 and 36 in April 2005. The data provides evidence that there was a downward price trend in April 2006 compared to the same period last year.

The median price of homes in March 2006 was $558,000, compared to $545,000 in March 2005, which represents a 1.5% increase. The average price of homes in March 2006 was $589,161, compared to $576,227 in March 2005, which represents a 3.60% increase. Approximately 29 homes sold in March 2006 and 39 in March 2005. The data provides evidence that there was an upward price trend in March 2006 compared to the same period last year.

The median price of homes in February 2006 was $560,000, compared to $525,000 in February 2005, which represents a 7.4% increase. The average price of homes in February 2006 was $582,435, compared to $571,708 in February 2005, which represents a 2.50% increase. Approximately 17 home sold in February 2006 and 29 in February 2005. The data provides evidence that there was an upward price trend in February 2006 compared to the same period last year.

The median price of homes was $585,000 in January 2006, compared to $525,000 in January 2005, which represents a 10% increase. The average price of homes in January 2006 was $634,524, compared to $542,708 in January 2005, which represents a 16.9% increase. Approximately 21 homes sold in January 2006 and 25 in January 2005. The data provides evidence that there was an upward price trend in January 2006 compared to the same period last year.

So what does the above data tell us? Overall, there was a 19% decline in the number of homes sold during this period from 2006 to 2005. The pricing trends early in the year (January, February and March) were in the upward direction for both median and average prices, which showed increases year-over-year ranging from 1.5% to 16.9%. However, since then, the pricing trend has been downward or mixed depending on the month. For example, April and July demonstrated downward median and average prices ranging from around half a percent up to 5%. For May and June, the median price was down around 2% from the previous year, and the average price was slightly up around half a percent. These findings suggest that at best, prices have leveled off, and at worst, are starting to decline. Continued monitoring of sale data in subsequent months is needed to identify enduring market trends.

Be sure to consult your Realtor on other factors that influence home pricing before buying or selling real estate in Clairemont.

Missoula mt Commercial Real estate