Archive for April, 2011
Apr
30
opening a new bussiness and have a question about commercial lease?
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My Mother and I are opening a new retail shop,and the bussiness has no credit(oblivously),Do we put the lease in my mothers name?
Quick Property Sale
Apr
29
Exiting a commercial lease early will affect my real property how?
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My ex general partners want to close the business and exit the lease early. I am still on the lease with them. I have tried to get off of the lease, but the landlord won’t allow it because my partners have no assets, therefore they are a greater risk. I listed all of my assets on the lease agreement which us 3 partners personally signed. My main question is, can I lose my 2 condos over this. If yes, how? What happens? Can I claim bankruptcy? If I do, will I lose my condos, or will I be able to keep them. Will I need to hire a lawyer? How will I pay my lawyer, with what money?
The business is not making any money. The partners do not have money for next month’s rent…
Passive Income
Apr
28
Quick Sale of your Property Can Give you Quick Access to Cash
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There are times when in need of cash, you may have to go in for a quick sale of property. This may be prompted due to various reasons. Circumstances can range from financial problems, losses in business, inflation rate, divorce and costs of legal proceedings, to other emergency situations. It is then that your cash needs would require you to convert your immovables into liquid cash.
Liquidating your assets as in sale of your property is perhaps the best way to get hold of necessary cash, without having to pay high interest rates as in loans. The situation is critical when your bank balance does not have the required amount. And when the requirement for cash is not met even by reliable people around you such as family and friends, you may have to take recourse to other sources such as extracting monetary value of your property in the form of quick sale.
However, quick house sale can be a lengthy process because of the documentation required. What this means is, in short, a waste of a lot of time. It could take months to get hold of the amount when what you require is a few days. This problem can be sorted out by way of estate agents. They are the ones to look out for to get you that speedy service of a property sale. They have the experience and the expertise to help you out in any circumstance. Since they deal and negotiate on your behalf, you can save yourself a lot of hassles such as that of documentation.
Furthermore, quick sale of your property through the agents is a smooth affair. They would be ready to purchase your property in any circumstance, even when you are heading towards property repossession due to defaults on your loan or mortage repayments. Quick house sale can thus help you to smoothly meet your financial requirements in an emergency situation.
Quick Property Sale
Apr
27
How do I buy commercial property without the seller knowing my identity?
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I want to buy the business property I am currently in but do not want the seller to know that I am buying it. Long history that I won’t go in to, but the property is for sale, I do not want to move, but he won’t sell it to me. Someone suggested forming an investment company. Is that the right thing to do and how do you go about it?
Real Estate Professionals
Apr
26
Lease Commercial Property London
Posted by: | CommentsLeasing commercial property in London is a whole different ball game from leasing commercial property in other areas of the United Kingdom. There are many pitfalls which leasers may miss if they are not familiar with this area of the market. If you are looking for a commercial property London then contacting a local property agent in London will ensure you are aware of the best locations and the kinds of price variations to expect in the area, as well as any other useful tid bits insider knowledge can get you. This will make sure that you get the best deal for you and that you are aware of the benefits and pitfalls from other local businesses before you take up residence.
So here is an overview about each major type of commercial property. The main areas of the commercial property market are shops, industrial units, and offices.
Industrial units in the commercial property sector are most often available on flexible contracts and as a less competitive commercial property area you can come across some quite good lease deals. If you are thinking of leasing industrial property in London you will expect to pay the premium for the capital city location which is also why it is extremely important to find a commercial property specialist who can help you benefit from their expertise and assistance you in negotiating the best deal, they can even draw up a contract on your behalf.
Leasing commercial property in the form of retail shops is an extreme factor when assessing the possible success or failure of your business. Knowing your commercial property’s location inside out is essential as choosing the wrong location can mean instant stigma attached to your property. This can be a good thing, such as a commercial property Covent Garden address, or it could be bad if you are in an unpopular area with a high crime rate.
A further popular use of commercial property is the classic serviced office space. London is full of serviced office space and it is a really popular route to pursue as a serviced office provides a whole range of different benefits. Serviced office space London is popular firstly due to only having to pay one total sum of money for the rental of your serviced office which includes all bills such as electricity, heating, internet, cleaning, and manned reception. This not only saves hassle but makes sense as you have less need to use up precious time sorting out all those mundane bills. It means there are no unwanted hidden charges and you can focus on the more important things, like work! It is also great not to have to worry about cleaning, like the windows or emptying bins, as in a London serviced office all this is done as part of the deal!
Sell and Rent Back
Apr
25
Property Sales Tactics To Ensure A Speed Deal
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Property sales can seemingly take forever, especially in the current market where many people are waiting for a drop in prices before they decide to purchase. There are however certain strategies that when employed can speed up the sales process and reduce the time your property spends sat on the open market. Here are some of the best tactics, strategies and ways of thinking that will ensure a quick sale.
First and foremost you should try and think like a buyer. This is more difficult than it sounds as you must look around your house in an objective manner taking note of any issues that may put buyers off. If you can do this however you stand more chance of pursing sales quickly.
Once you have made your list it is vitally important to make any repairs that can be deemed necessary. These repairs can be minor jobs like a smashed window pane to major works like retiling broken bathroom tiles or the roof. While buyers may not notice all of the work you have undertaken, it is a surety that they will notice any repairs left unfinished.
A strategy often touted by property experts is to de-clutter as much as possible. This is because the less clutter there is, the easier it is for buyers to notice the house and hence understand what they are buying. In addition de-cluttering can help to create a feeling of spaciousness, making the property look larger than it actually is.
As part of the space tactic is to make all of the rooms as well lit and bright as possible. Lighting can be considered an extremely important element to a property, it is strongly advisable to make the most of the natural light in a room but if this is not possible, recessed high powered lights can help to make rooms lighter and more appealing.
When a buyer walks through the door all of their senses will be used when viewing the house. Subsequently smell is an important factor in the property sales process. While the home baked bread cliche may be an overused tactic, ensuring that the property smells fresh is essential. Removing the odour of pets and smoke is a prerequisite.
As part of your de-cluttering efforts you should remove all of the personal items from the property. These can include family pictures and ornaments which while you may love them, does not let buyers see themselves living in the property.
When you are rearranging your furniture you need to do it in such a way so that it makes the best use of space ensuring all of the rooms look open and welcoming. As part of this it is important to put furniture in places where it will not impede traffic through the house.
The term ‘curb appeal’ is often bandied about by experts but remains a valid point if you want to sell quickly. To create this curb appeal you should mow your front lawn, ensure all windows are painted, the front door is well maintained and in general the house from the street looks appealing.
Painting is great way to revive the look of tired rooms and even the exterior. It may take an investment of time and money but the rewards will be ultimately worthwhile. Remember however that the paint is not your personal preference; neutral colours should be used so buyers are not overpowered when they enter the property.
Hopefully these tips and tactics will help ensure the quick sale of your property. As long as you price it correctly and are willing to negotiate speedy sales should be achievable. Ultimately you need to make the most of your property’s assets; whether this means redecorating or just giving the place a spruce up is indeterminable. What is important is that you present a property to the buyer that is appealing and allows them to imagine themselves living there.
Quick House Sale
Apr
24
The Property Market in Portugal
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This is www.buypropertyportugal.com ’s next chapter of how to buy a property in Portugal, here we focus on the Algarve as it’s currently one of the most attractive places to invest and to enjoy investment growth while enjoying the sunshine on the beach
The Property Market
Why not choose to base yourself in an area with over 3000 hours of sunshine each year and give yourself the quality of life you deserve?
Portugal is an attractive location for house buyers, with the Algarve being the most popular area for British buyers, mainly due to the weather, golden beaches, and the abundance of golf courses. It is Portugal’s busiest, most developed region and it is reported that 90 percent of all property sales to foreign buyers are in the Algarve.
The age of Internet and ADSL means that mobility of labour is very much a reality and it is easily possible to maintain instant contact with colleagues anywhere in the world. Satellite TV means access to English language television and VOIP systems give you a U.K. telephone number and U.K. calls at low rates.
There are excellent air connections to anywhere in Europe and intercontinentally from Faro or Lisbon airports, making it perfectly possible to base yourself in Portugal and ‘commute’ back to the U.K. Many of the ‘budget’ airlines fly into Faro from Stanstead, Luton, Bristol, Gatwick, Heathrow, East Midlands, Dublin or Manchester and offer excellent value charter fares. Additional routes come on stream during the summer months.
Where to Buy
The Portuguese property market is showing consistent growth, strong rental demand, relative living costs and safe environment.
There is a wide choice of great properties in wonderful locations and often less expensive than the equivalent in France or Spain.
Remember that the summer months in the Algarve, especially August, are very busy in terms of traffic and there are visitors from the north of Portugal and from Spain as well as holidaymakers from all over Europe, all expecting good access to the beach. Unless you enjoy being part of the crowd you may appreciate being a little removed from the bustle. Being just a few kilometers inland can have considerable benefit.
Don’t forget to take into account your proposed usage of the property, if you are expecting to live in Portugal permanently then the factors that affect your decision on what to purchase will vary from those required if you are planning to rent the property out for part of the year.
Many properties inland or ‘up in the hills’ do not have mains water or drainage. Instead they rely on a system of cisternas (tanks) to collect rainwater and store water brought in by or pumped from a ‘furo’ (a bore-hole), whilst a ‘fossa’ or sceptic tank contains and treats sewage waste.
All of these facilities are reliable and capable of many years of unattended operation. Bear in mind if you plan to re-plant the garden, water can be at a premium in the summer months and a new garden may require a bore-hole to be drilled to obtain the necessary extra water needed for irrigation.
Drilling companies charge per metre for drilling and then the cost of the pump, control equipment and electrical installation must be added.
At Exclusive Algarve Villas, we try our hardest to give you the latest and most up to date information on the Portugal property market and costs.
Please feel free to question our consultants about anything to do with buying and investing in Portugal, in person, via email at info@eavillas.com or on the telephone (+351) 282 353 019
Portugal remains an exclusive location, with fewer of the ‘over development’ problems of some of its neighbours. The opportunity to buy quality property in a great location remains excellent but, like all good things in life, availability can’t last. Portugal is slowly but surely being ‘discovered’ and if you’re going to do it, now could be the perfect time to step in to this beautiful country!
Portugal is an utterly charming country and relatively speaking still overlooked by second-homebuyers.
Many areas have an exclusive feel and second-homebuyers and investors are waking up to the advantages of buying in a country which has not suffered the mass development of other parts of Europe, which is quick and easy to get to, and where the cost of living is still relatively cheap.
The Portuguese market is very active, with purchasers from across Europe. There are plenty of Dutch, French, Spanish and Scandinavians buying, as well as the British. This means that to buy your dream property, quick and decisive action is often required. New developments are selling particularly quickly at the moment and many properties are sold from plans.
Quick House Sale
Apr
23
A Property For Sale in France – Can You Still Find a Deal?
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A property for sale in France is a subject that has always tempted British buyers. A reasonable percentage of British families own a second home in France and many other families are busy checking out the prospects on regular basis. It is perhaps only Spain, which has managed to outweigh the ‘Hexagon’ country on this account.
There are many reasons as to why people want to buy a property for sale in France, for example; the lifestyle is calmer, the cuisine is fantastic, and the weather can be great. There is a blend of rural and urban living, which serves as an important contributor, and this is equally attractive to young and retired couples. Moreover, Britons now looking at France are also getting homely vibes: past trends have ensured that a number of French residents were originally from Britain, and British ran companies are the norm.
It is not just cultural or lifestyle reasons that are attracting the British to buy a property for sale in France, there are strong financial reasons as properties are cheaper than in Britain. Accessibility isn’t a problem either, as it can be quicker to reach a region in France then to travel the length of Britain, due to a choice of direct flights, ferry crossing or Eurostar transport.
However, markets across Europe are currently struggling with the sub – prime crisis. A property market crash is no longer a distinct possibility, but a hounding reality. So is it still a good idea to consider buying a property for sale in France? The French economy claims to have steered clear of the credit crunch threat. Banks are being applauded for following a tightly regulated schema, which apparently has provided the requisite support to the economy. But despite the stated, the housing market has not been completely spared. The prices have begun to drop or stagnate and the findings of France’s national statistics agency, INSEE confirm this, but unlike with Spain or Britain the housing market in France has not burst.
There have been indications, but the impact cannot be considered as poisonous. This is primarily because of non existent sub prime market. The loan schema is different and in France, it is the income of the borrower which determines the loan level and not the property value. Moreover, fixed rate mortgage is more popular in the country. For at least last 10 years, interest rates have been at the lower level, while the credit period is reasonably stretched. Therefore it would appear that the housing market is stronger in France than many other countries.
When it comes to buying property for sale in France, there are several aspects to bear in mind: generally an apartment is sold with an empty kitchen i.e. four walls and a water outlet…nothing else! But of course this does allow you to totally design your kitchen to your own taste. The only thing holding you back is your imagination and/or your budget! Once you have decided on a property that you’d like to buy, the buyer and seller sign a document called a promesse de vente. This is a legally binding document that confirms that the seller must sell the property to the buyer however the buyer has up to eleven days to change his mind. All property sales are conducted with notaires and the buyer and seller have their own notaire to confirm all aspects of the sale are completed according to the law.
In conclusion, the property market has not been as badly hit as in other parts of the world, and if you’re looking for a property for sale in France, expect to find other ex-pats living nearby as France is a popular overseas property investment location.
Quick Property Sale
Apr
22
Commercial property in the state of Maine. My wife And I have signed most of, but jointly not all the documents releated to this commercial real estate purchase & sale agreement. The inspection had been completed and i have agreeded to correct problems cited, however my wife who is out of state has not yet signed this document. We are having second thoughts in a big way and would like to delay or walk away from this deal. We would be willing to reimburse the buyers’ for their inspection cost. Please advise. Thanks
Repossession
Apr
21
