Archive for June, 2009

Jun
30

Why Are Property Sales Still Doing So Well In Colchester

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Ever thought about buying a house in Colchester, Essex? Well, the history of this town is long and varied and is well worth factoring in to your perspective property decision making process. Property sales remain buoyant in the town and perhaps that is because it is such a great location.

Colchester has a proud history and is claimed as the oldest recorded town in Britain as it was mentioned by Pliny the Elder in AD77 during the Roman times. Colchester’s Celtic name is Camulodunon and it means ‘the fortress of Camulos’ (who was the war god of the Celts). After the Romans conquered Britain a fortress was built comprising of legionaries. Colchester then served as the Roman Capital of Britain and was very well defended as it was built on a hill.

In 61 AD there was a rebellion by Boudica the famous Rebel General and Colchester’s fortress was overrun and destroyed. After the destruction of Colchester, London became the new capital of the renamed Britannia, but it would still be that the Council of the Provincial natives would still meet at Colchester due to the Temple of the Divine Claudius that served as the seat of the council. Later on, the Roman Force moved North and Colchester became a colony.

Then around 400 AD the Saxons came over to Britain and took over Colchester. They reorganised the defences dramatically and increased security, they also managed to block the Balkerne Gate which was one of the entrances to Colchester in the Roman era, as well as some of the public buildings outside the town were also abandoned. This made the town less susceptible to attack and a lot safer. But in the 9th century the Vikings landed in Britain from Scandinavia and overran the Saxons. It remained in the hands of the Vikings until 920 AD where the British settlers claimed Colchester back with the help of Edward the Elder.

The next major improvement and change to Colchester then came in medieval times where the Normans in the 11th century AD built what is today’s Colchester Castle. The Normans were very clever in the positioning of the castle. It overlooked the whole city and was built a top a large hill, where the vaults of the Roman temple of Claudius were situated. The Normans also built St Johns Abbey and the priory of St Botolph, where ruins of both can be found still around Colchester. You can still see the gateway of the Abbey and the foundations and walls of the priory.

In 1189 a royal charter was granted by King Richard 1 or Richard the Lionheart. The charter was given on the east coast of the UK at Dover where King Richard was embarking on one of his many trips away from England.

Between the 1500’s and the 1600’s a large amount of weavers and clothmakers emigrated from Flanders in Northern France into Colchester and the surrounding area of Essex. They were famous across Europe for making many different types of cloth especially bays and says. Even today there still an area of Modern day Colchester where it is known as the ‘Dutch quarter’, as many of the buildings date from the Tudor period as during this period Colchester was known as one of the most prestigious wool towns in England.

There was also a siege of Colchester during the Second civil war of 1648. A royalist army led by Sir Charles Lucas and Sir George Lisle entered Colchester, closely being pursued by the parliamentary army led by Sir Thomas Fairfax. The parliamentary army besieged the town for eleven and a half weeks before the Royalist army surrendered towards the end of summer. Following the surrender both Lucas and Lisle were executed in the grounds surrounding Colchester castle.

The most notable event of Victorian Colchester was the great earthquake of 1884 which measured 4.7 on the Richter scale. It lasted about 20 seconds and around 1200 buildings were damaged or destroyed. It is said that 3 to 5 people died in the earthquake and there was around 10,000 pounds worth of damage.

With such a dramatic history behind it, is it any wonder that property sales are still a sought after commodity in this town?



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commercial lease

what does cam stand for?

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Jun
30

Invest Into Mallorca Property to Earn Great Revenue

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property sale

A thing of beauty is a joy eternally. Nothing can be more persuading than a beautiful piece of property. And you can have a look at some of the most charming properties of Spain by visiting online. Spain is a land of nature, beauty, tradition and motley. And if you want to see a lovely mural of all these aspects of Spain, there can be no place better than Mallorca. And the best part about the Mallorca property accessible on Spanish properties the beauty and diversity of Mallorca come united with interest rates on finance and other remunerative choices that make the entire process smooth and simple.

The Mallorca property are listed on the web which is big Real Estate Network as you can think of. The properties are primed all across Mallorca, which gives you a wide range options. Be it luxury villa, an apartment, or a commercial property, you will find great deals on many popular website on the web. And such Mallorca property is not only for sale, you can take the properties on rent too! Furthermore, the collection is so wide that it is certain that you would find something or the other, which suits your taste as well as budget. You can take full advantage of the sun, sand and lifestyle of Spain relaxing in your own comfortable place in Mallorca.

Mallorca property sale and renting are the services provided by many real estate Spanish firms. Mallorca property also offers the best rates in Europe for Mallorca property mortgages with the probability to finance up to 80% of the taxation value of the property. If you are searching for the best international property destinations one place that is well worth lucubrating is Spain which has recently been voted one of the best countries in the world to invest in property.

The forecast growth for Mallorca property for sale over the next ten years has been put at 284% by well known UK Property programmed a place in the sun.

Mallorca is Europe’s most famous vacationer’s end-point with thousands of visitors thronging this heaven on earth around the year. Mallorca property consists the bewitching locales and picturesque landscapes, and immeasurable cherish of natural beauty. Online property industry offers Mallorca property for sale in many of the serenely areas of the island. With your predilections of locations on Mallorca properties, excellent guidance are offered to suitable properties from detailed online database profiles to meet every requirement and budget. You can assist the low interest rates and propitious economic conditions to buy Mallorca properties of your dreams.

With Mallorca Property you will find proper guidance to your dream property pretty easily. Investors can also find professional advisors and real estate agents on our web, and who are fully equipped with the best resources to offer you with that perfect Mallorca Property. Find Mallorca property from a great range of beautiful, top value Mallorca properties consisting of villas, townhouses and apartments. You must have enquire properly to avoid ambiguities while purchasing Mallorca properties that are priced in an optimum manner.



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Jun
30

How to Go About Dump Truck Equipment Leasing

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Dump Truck Equipment Leasing may fall under the more general leasing category of Heavy Equipment Leasing (meaning, dump trucks are classified as heavy equipment like bulldozers, backhoes, and excavators) or Commercial Equipment Leasing. The numbers show that more than $3 billion in construction equipment (like dump trucks) are leased annually by US companies alone. Why pursue Dump Truck Equipment Leasing?

Some companies opt for Dump Truck Equipment Leasing because they are trying to expand the business and need their existing cash flow for this. Others may choose Dump Truck Equipment Leasing because their existing equipment suddenly failed to function (due perhaps to old age or defects) so they need functional equipment quickly to keep operating. Dump Truck Equipment Leasing is also good for companies that want to gain a financial edge over their business rivals by being able to reap savings thru leasing equipment (as opposed to buying.) Dump Truck Equipment Leasing would probably appeal to contractors in the construction business that will always need dump trucks (whether to deliver materials or to cart away construction project debris.)

If you get lucky or are just plain smart about choosing a lender, you might be able to get a Dump Truck Equipment Leasing arrangement customized to your business situation. This is very important because businesses (even those in the same industry) may experience different business cycles, and cash flow patterns, while company owners may have different ideas of what constitutes as a sufficient budget. Construction projects are sometimes seasonal in nature, so you need a Dump Truck Equipment Leasing arrangement which can give you the flexibility of adjusting payments to the months when business is peaking and you can afford the payments on the Dump Truck Equipment Leasing arrangement.

Some lenders may offer a very quick processing time (maybe even as fast as 24 hours sometimes) which gives company owners who are in a hurry an advantage for acquiring their dump trucks quickly. If you have the right documentation on hand, you could find yourself signing your Dump Truck Equipment Leasing contract fairly soon after submitting the leasing requirements.

Be sure though that the leasing options the Dump Truck Equipment Leasing arrangement you enter into has the right provisions you were seeking. For instance, if you are expecting to purchase the dump truck after the lease term has been completed, look carefully through the contract to make sure that that stipulation is there.

Also, verify with your company accountant if your corporate income stands to gain via deductions from such a Dump Truck Equipment Leasing arrangement. This would probably be dependent on some tax laws or business tax conditions that only accountants may be updated about. Ask your accountant to also examine the Dump Truck Equipment Leasing arrangement for the presence of soft costs (like installation expenses, and maintenance and training costs) so that you know if you gain more savings that way – or if you have to pay extra (as the case may be.)



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Jun
29

Why Do you Need Commercial Mortgage?

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If you plan to apply for a commercial mortgage, it is necessary to first point out the reasons why do you really need a mortgage. This will help you to get the best out of deal that you settle with.

If you are looking forward to purchasing a commercial property or to expand your existing facilities, to acquire multi unit properties or even to refinance the existing debt, commercial mortgage provides you with necessary funding. You can go to the banks and other institutions that offer several mortgage plans and can select the best type of repayment that suits your business. Depending on your need, the following points are always to be kept in mind for a commercial mortgage deal:

How a commercial mortgage works

What are your responsibilities

The types of commercial mortgages available

How to select the best lender

What the various costs are

The companies with good credit, strong financials and a proven business model generally qualify for commercial mortgages. The commercial real estate includes:

Office buildings

Apartment complexes, condominiums (four units or more)

Strip malls

Retirement homes

Warehouses, manufacturing plants

Health care facilities

Schools, churches

Car washes, repair shops

Restaurants, hospitality

Once you go for commercial mortgage, your monthly payments will help you to build equity instead of just providing office space for your business. The interest tax of your mortgage is also tax-deductible which lowers your business’ gross taxable income. If you come in term with fixed-rate commercial mortgage, where the rate does not change every month, the cash flow management of your business also improves. This enables you to predict your monthly expense without fear of rent increases. And as your commercial property typically appreciates in value, this is considered as a solid long-term investment.

Another advantage of commercial mortgage is that the loan is generally assumable. This helps you to sell your property without any extensive approval process. The buyer can take over the terms of your existing loan without any hassle.

Commercial mortgage lenders don’t provide funding for startup businesses. If you’re looking to launch a company, you may want to look into Small Business Administration (SBA) loans. These loans provide entrepreneurs with fixed rates to start new businesses. But if you are planning to increase the pace of your business and lacking the fund, commercial mortgage is perfect for you. It can not only be a fund for business, commercial mortgage can also help you to meet certain operating expenses like:

Debt consolidation

This situation arises when you have more than one debt and to pay off one you borrow from another source.

Office repairs

This is a very common problem for every business house and a lump sum amount is spent on that.

Monthly bills

There are certain bills that you have to pay every month (electricity, internet, maintenance etc.)

Based on your needs and your business solvency, you have to first gauge how you will handle the monthly repayments with the high interest rates. It is only when you are very sure of the viability that you should go in for a huge responsibility like commercial mortgage.



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This house is listed in public record as “mixed Use” although I do have a smll apt for myself in this , It is not my legal residence. This is located in queens ny.

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commercial property sale

Would like to sell my commercial property and have done so by putting ads in the newspaper. Many agents called up and wanted to co-broke. I’d prefer to deal with owners themselves as commission of agents are very high. Thanks!

Rent Back
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commercial mortgage

Even today, in these challenging economic times, there is no shortage of investors, and developers seeking commercial real estate mortgage loans. The problem is lenders are not funding deals like they were just a year or so ago.

If you want to better your chances of securing an approval and closing your deal, bring these things to the table.

Cash = Commitment

100% financing is extinct. Some borrower cash in the deal is now a strict requirement of all legitimate lenders, including private and “hard money” lenders. From a lenders perspective, the bigger the borrower down-payment the better, but, if there is enough equity in a building or project, lenders will work with as little as 10% down. They might build in a mezzanine facility or structure in some preferred equity, but, quality deals can get done with small amounts of borrower cash. That-being-said, don’t ask for 100% financing. Lenders today are looking for commitment and nothing represents commitment like cash in the deal. (Note: If a lender, or broker tells you they offer 100% financing, beware, chances are good that, in-the-end they won’t be able to fund and you’ll lose your deposit and due diligence money.)

Credibility

Lenders are looking for credibility. Now is not the time to ask a lender to fund your experiment. Don’t try to buy your first hotel during a credit crisis. Finance companies will ask about your experience in the hospitality industry and will be nervous if you lack a track record in the industry. The same goes for retail, office and industrial. Now is the time to go with what you know or partner up with an investor with experience in a particular industry you’re trying to break into. Trust me; lenders are going with what they know and they know first-timers are high risk.

Credit

You don’t have to have perfect credit to get approved for a commercial loan, but your credit report better not portray as a dead-beat either. If you are credit score challenged, be prepared to be able to mitigate that negative factor with either a co-signer, a larger down payment or cross collateralization of other real estate you own. Lenders don’t know you personally but they know precisely how many times you’ve been 15 or more days late on all of your mortgages and all of credit card payments. They look at your credit report as a report on your financial character. This may not always be fair, but to be fair to lenders, it’s really all they have to go on.

Equity

Equity is protection to a lender. If you can show equity in a building or a tract of land lenders will feel more secure and will be more likely to place the money in the escrow account and schedule a closing date. There are simple ways to increase a lenders protective equity (I said simple, not easy). The most obvious is to make a bigger down-payment; another is to ask the seller to carry-back some portion of the debt. One effective method to also consider is to increase the value of a property by taking steps to getting it fully entitled. Sometimes some simple engineering can drastically increase the value of a project. A change in zoning has been known to double real estate values and can often be accomplished simply by petitioning the local zoning authority. Inexpensive site work may also have a dramatic effect on how a bank views a property and they will definitely appreciate your spending money on the deal.

We are facing challenges today in the credit arena, but deals are still getting done, buildings are being bought and developments are still moving forward. If you want your deal to be one of the ones that gets funding take steps to show the lenders what they want to see.

MasterPlan Capital LLC – Financing for all types of Commercial Real Estate – Purchase / Refinance / Development – Simple (1 page) Application Online at: www.masterplancapital.com Quick Answers – Fast Closings – Commercial Mortgage Loans From $1MM – Equity Financing / Joint Ventures From $10MM

Glenn Fydenkevez is a former officer at one of Wall Streets biggest investment houses. His company, MasterPlan Capital, is involved, nationwide, in the financing of and investment in commercial real estate. E-mail him at glenn.fydenkevez@masterplancapital.com

 

 

 

 



Quick Property Sale
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I am trying to start a new business. I am thinking of either leasing a space or buying the property. If I buy, it is 10 times as much as yearly rent. For tax purposes, what is a better way of doing it? Leasing or Buying/?

Repossession
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Jun
28

Why Selling and Letting Property Privately is the Way Forward

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Gone are the days where selling your home meant heading down to your local Estate Agent to make arrangements. More and more people are now relying on the internet to find their dream home, opening up numerous opportunities for sellers to save money on the cost of selling and to achieve maximum exposure of their property.

Many people feel that selling property privately is the way forward. By doing so you can save thousands in commission, more closely monitor the progress of your sale, and actively find a buyer by putting yourself in the driving seat when is comes to selling your home.

By managing your own sale, you can monitor the amount of interest in your property on a daily basis, receive direct feedback from potential buyers, make sure that any possible sales leads are followed up, ensure interested parties are informed of information that could sell your property and pay only a small monthly listing fee avoiding any contracts. Laura Jones from the nationwide property website Pads4People, said that ‘selling privately can save you time and money’.

Creating your own property advertisement can take as little as 5 minutes and most private property sale websites will have a straight forward and easy to use template where you can add photographs which will attract even more buyers. Some companies offer personalised self assembly For Sale boards directing people to your online advertisement and will also advertise your property on their partner sites at no extra cost.

Managing your own sale can be a very easy and straight forward process. You can choose to be contacted via email or phone by potential buyers and will only be contacted to answer any questions on your property or to arrange a viewing. Once you have an offer, its just a case of exchanging solicitor details with your buyers.

Many people are under the impression that they need to use an Estate Agent due to the implementation of Home Information Packs. This is not the case. Estate Agents purchase packs from independent pack providers. Anyone selling their property, can apply for a pack direct from a pack provider and most private sales websites will recommend a company for you to use at a fraction of the cost of going through an Agent.

By using a private sales website, creating an interesting advertisement with attractive photographs of your property and also using a self assembled For Sale board, you can maximise your chances of a quick sale with as little expense as possible, reaching both local and nationwide potential buyers.

www.Pads4People.co.uk deals with private sales and lettings for £49 per property per month.



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