Archive for commercial sale
May
26
The Pros And Cons Of Private Property Sales
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A small number of people are bypassing estate agents and taking on the job of selling their home themselves.
It is still a small number – some people estimate that nine out of ten homes sold in the UK are still handled by estate agents.
So is putting on a private property sale something you should look at, or should you continue to place your trust in a professional agent?
We examine the pros and cons of doing a private property deal.
The main advantage is obvious: you save on estate agents’ fees. These are normally a percentage of the sale price that is taken by the agent when the house sells.
You can also take full control of the process of selling. You don’t have to wait to see how your house is being marketed or wonder how inquiries are going. It’s all down to you when you’re the one doing the selling.
It’s also possible that by handling the property yourself, you can speed up the process, as there will be fewer people involved.
So those are the advantages, and the main one it seems is saving the commission. But if you examine what an agent does to actually earn that fee, you realize the expertise they bring to your private property sale.
First of all, an estate agent is there to value your property. It’s not unusual for people to get three or four valuations from different agents to assess how much they will get for their home on the open market.
Agents base valuations on how much other houses in the area have sold for, taking into account the differences on your property.
It’s not always sensible just to plump for the highest quote, and an experienced agent will tell you why. If you overprice your house you may find inquiries to be sluggish – the market soon spots when the price is wrong. And many agents know that once you’ve set a price that’s too high, even dropping it won’t attract as many potential buyers as getting the price right in the first place.
Having a good agent with strong local knowledge will stop you making a pricing mistake.
An agent will also know how to market a property efficiently and cost-effectively. It’s something they do day in, day out. Good agents have the ability to get houses onto powerful online property portals with huge levels of traffic. This is good for you as more website traffic should turn into inquiries.
There are plenty of private property websites, but few can rival the main property websites for the number and variety of homes.
Offline, the power of an agent’s High Street shop window has yet to diminish. Displaying properties in the window is a strong source of leads for agents. We all like to browse properties for sale now and again, and a shopping trip is a convenient time to do it.
Plus think about people who are planning to move to an area they don’t know. After looking for houses on the major property portals, they will visit the area and look round the agents’ shops to find property. This is a source of potential buyers you’d struggle to tap into on your own.
Another thing an agent does that no private property site can do is find potential buyers who are ready to move straight away. If an agent has sold a property similar to yours, they may have had 15 inquiries – meaning they already know 14 people who are still looking for a house!
Of course your agent will also handle cold inquiries and qualify people before bringing them to see your house. When you’re doing the sale yourself, you’ll have to sort out the time wasters from the genuine buyers.
Finally, when an offer is made, the agent will continue to earn their fee by acting as the middleman between you and the buyer. Many agents are trained in negotiating, and as they are not emotionally involved, can help to ensure you get the highest price. When you’re selling it yourself, the temptation is there to take the first offer and run.
Repossession
May
25
Houses for Sale in Cyprus
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Cyprus is a beautiful country in Europe. It is evident in the number of tourists who flock to the area yearly. There are many summer homes, first class resorts and hotels that are one of a kind. The trips that are taken in the islands are an experience that one will never forget. There are also many activities that you can do in the place such as sightseeing, snorkeling or hiking.
Houses for sale in Cyprus can be availed in many price ranges and different kinds. Investors who wish to acquire property are increasing in population. A home option is one of the reasons for this. There have been major changes in the prices of the properties in Cyprus. In the past, there had been price increase due to economic downslide. Houses for sale in Cyprus is included on the properties that can be negotiated. Investors may also have a chance in having better financial terms. With the decline in property sales, sellers are more than willing to have good deals even if it means lower price compared to the original value.
There has also been a change in the capital gain taxes. If you see any houses for sale in Cyprus or any property for that matter, you need not to worry of unreasonable taxes. The government is working on the measures that can resolve the issue on overall revenue. The advantage for buyers will be increasingly realistic returns on investments in the future.
One can have studio apartments that are available for more or less 80,000 pounds. If you are interested in this kind of property, the prices of those which are in the east coast are cheaper than that of the west. The price of properties in Nicosia, the capital of the country, is higher. You can have the suburbs instead and still have some bargains. Houses for sale in Cyprus, especially in the city proper if bought is ideal for permanent living. Schools, banks, shops and hospitals are strategically placed for the convenience of its residents.. Houses for sale in Cyprus’s capital includes studios with one, two and three-bedroom apartments. Paphos is among the prosperous site for investors. Some properties are sold for 80,000 pounds or less. There are developed apartments in the area that can only amount to £72,080. Suburbs around Paphos have studios that can be purchased for £48, 732. To view houses and apartments that are available for sale in Cyprus visit www.clickhomecyprus.com
Purchasing any houses for sale in Cyprus is one wise move in investing for property. Cyprus is one of the ultimate destinations for travelers and you as one of them may want to have permanent settlement in the area. The economic in the country is also good. The attractions are aplenty, amenities complete and prospects for huge returns on the houses of sale in Cyprus are undeniably evident.
Rent Back
May
20
Buying an Almeria Spanish Property For Sale
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There are different reasons why you need to buy an Almeria property for sale. Spain, especially in Almeria, is filled with long stretches of beach and sand. When it comes to Almeria, its coast is considered as its greatest asset. This is because thousands of tourists flock to the city each year to soak in the sun and waters of Costa de Almeria. The eastern part of the province presents Cabo de Gata. This is one of the most splendid beaches within Almeria. The best thing about the beaches here is that these are always pristine and quiet.
When you want to have the chance to enjoy all the leisure activities in Almeria; purchase a Spanish property for sale. The evenings in the city are entertaining, what with the scatter of music bars, discos, and nightclubs. Almeria club music differs from contemporary music, to the more wholesome family entertainment. Most of the clubs are located within the center of the city. If you want a late-night dinner with your friends, you can check out seafood restaurants and Tapas bars. While you can go clubbing during the night, there are plenty of activities to engage in during the morning. These include shopping for wool or wooden handcrafts, pottery, and going to museums, art galleries, and exhibition rooms. Or else, you can explore the most stunning landmark of the province, which is Alcazaba.
One of the most common reasons why there are more and more people purchasing Almeria property for sale. Spain experiences a great weather condition all throughout the year. This goes especially in Almeria, which has long hours of yearly sunshine. The climate of the province is subtropical Mediterranean, with mostly warm and dry days. When it comes to the dishes in Almeria, the locals use spices and olive oil with their foods. Among the most commonly used spices here are garlic, paprika, chili, ginger, and turmeric. The usual dishes are comprised of the “trigo”, which fennel and wheat; meat seasoned with spices; wheat paste; and vegetables and chickpeas.
There hundreds more interesting things that you will discover about Almeria. A weekend visit to this beautiful province is not enough to explore all the wonders that it has to offer. In order for you to fully understand and take in the beauty of Almeria, buy a Spanish property for sale. The best method to search for the most appropriate property is online, where there are lots of real estate agencies ready to cater to your needs. There are real estate companies on the Internet that specializes on property sale in Almeria.
An online business and property advertising directory for the province of Almeria Spain where you can find listings of Almeria property for sale and Almeria businesses including bars, restaurants, trades and other services.
Passive Income
May
18
Foreign Currency Direct Launches Property Line a New Overseas Property Portal
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Foreign Currency Direct, the leading UK currency broker, has launched a new overseas property portal for UK buyers looking overseas. The portal is at www.Propertyline.co.uk and is part of the Eataz Network, with traffic of over 300,000 users per month and 17,000 properties around the world already online.
Unlike most property portals on the web today, Propertyline also has the unique attraction of combining private sellers, agents and developers from multiple countries, and connecting them with buyers across the world. There is also a Property Hunt facility – simply fill in details of your ideal purchase abroad and we can put you in touch with sellers directly according to your preferences.
If you’re buying in France, Spain, Portugal, Italy, Cyprus, Bulgaria, Dubai, the USA or almost anywhere in the world, we’ll help you find your ideal property today.
In addition, property agents can take advantage of free advertising across the network, by vitrue of a partnership with FCD for currency referrals for their clients. This has already proved successful with many agents reporting a good volume of quality enquiries, at no incremental cost to them and with no commission to pay on sales.
Robin Haynes, FCD Director responsible for the Propertyline project, said: “Foreign Currency Direct is the only UK currency broker committed to adding value to agents’ businesses by providing genuine property enquiries to enhance the sales process. The resulting property portal site is in turn a useful tool for UK citizens looking at overseas purchases – meaning we can help them find their dream home and then save them money with the currency transfers too.”
Notes for Editors
Contact Details:
Foreign Currency Direct ((www.currencies.co.uk) and Propertyline ((www.propertyline.co.uk ) can be contacted on 0845 177 1001 (or +44 1494 787478 from abroad). Email info@currencies.co.uk or info@propertyline.co.uk.
Foreign Currency Direct plc has provided currency exchange services for the overseas property market since 2000. It charges no fees or commissions on its services and was top of recent surveys by the Sunday Times and Money Observer for best exchange rates and currency deals.
Propertyline.co.uk was launched in 2006 in partnership with the Eataz Network which has been offering online property marketing websites since 2004.
Rent Back
May
17
Find Your Dream Spanish Properties-which are Available for Sale
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Spanish property provides a great opportunity to invest and earn a profit in a short time frame. In Spanish property for sale you will get each type of properties such as for holiday home or retirement property. Rates raises as the beaches become nearer but in past few years the rates are slowed down. The charming beauty of Spain and the lovely weather make it ideal for holiday homes, retirement homes or as an appreciating investment. So ensure first you buy your own Spanish property for sale while it is still cost-effective.
Spanish property for sale offers you a rich database of all varieties of properties with all amenities of modern lifestyle to traditional old looking home which can suits your needs. If you are seeking such Spanish properties for sale you can access them easily right from your home through the help of web. And the best thing of online property sale is that you can compare the property prices and choose out of them with nominal rate and your suitability. Spanish real estate has a big network of online databases as it the most demanding place in Europe. Especially, UK people love to buy home here at the best possible prices.
While to buy a property in Spain you don’t have to be a Spanish citizen. Spanish laws allow overseas investors to invest in Spanish properties. It is now simpler than ever to clear up the formalities and have a ideally suited Spanish property for your dream home. But investing in a big amount always is precautious about the correct investment deal and legal paperwork’s.
I will recommend you to consult a Spanish solicitor while purchasing a Spanish property from sales. He wills advice you how to find the right property without high pressure sales pitch. Property investments in Spain yield a great rental income and major capital growth. Concerns like off plan property developments, road links and infrastructures, plans by the low cost airlines to make available cheap flights, property rates trends and competition from other countries should all be taken into thoughtfulness.
Purchasing from Spanish property sale without taking expert advice and guidance is like a road traffic accident in the offing to happen. The problem is if you make a fault, there will be no special calamity solicitor capable to step in and help you claim return.
Quick House Sale
May
16
Can out-of-state broker ask for referral fee from seller?
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Can a NY broker collect a referral fee for introducing a CA buyer to a NJ seller assuming that the sale is consummated? Please note that this is NOT a broker-to-broker referral. The broker is referring the buyer directly to the seller of the property. If it makes a difference, the property is commercial, not residential. Thanks.
Sell and Rent Back
May
09
UK Hoteliers Facing Commercial Property Decline
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Reports show that hotel transactions in the UK during the first three quarters of 2008 have declined by 69%. The credit crunch has directly impacted the hotel transactional market and commercial property transactions within the hotelier market are notably down. One of the biggest transactions so far this year has been the sale of a 50% stake in the Jurys Inn Chain, showing that during these hard times it is the budget sector that continues to generate interest from commercial property investors, especially those from the Middle East. This is backed up by news from Travelodge who are seeing a continuous shift of customers moving towards budget accommodation, especially amongst business travellers. This has led them to buy several more properties and to plan a joint venture with budget supermarket chain Aldi.
Good economic conditions and favourable credit options meant that 2005 to mid 2007 were extremely good years for the hotel transactional market. However, over the last year or so the lack of available debt and increased costs has seen a sharp decline of transactions within this marketplace. The current economic climate is not a healthy one for the UK hotelier commercial property market but, there are still opportunities for financially strong real estate buyers to make some extremely clever investments. Commercial properties that come on the market as a result of the credit crunch could be snapped up at bargain prices and could prove to be valuable long-term investments.
UK hotel owners have seen declines in room rates, occupancy and room yield throughout 2008. As a result hoteliers have been providing increasingly discounted rates in order to entice more customers and stop customers from transferring over to the budget hotel market. Despite this the PKF Hotel Consultancy services latest report showed that room rate, occupancy and room yield were down in London and throughout the UK.
The US hotel market is seeing similar if not stronger declines over this same period. Understandably it seems to be the tourist areas such as warm weather, leisure-orientated and seasonal markets that have been and are predicted to be worst affected. The PKF report shows that five of the top seven forecast city declines in revenue per available room are expected to occur within the state of Florida. So far most US hoteliers have stood their ground and have not been providing discounted rates despite the declining demand, in fact room rates actually increased in some areas in 2008. However, in 2009 a decline in room rates is expected as a result of the current demand decline. As a direct result further decreases in hotel commercial property and commercial real estate transactions are forecast throughout the US.
Repossession
May
07
Looking for properties real estate listing Bali Lombok Indonesia?
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Quick Property Sale
May
06
Sell And Rent Back: An Alternative To Repossession
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One scenario today is a great worry for every home owner; regardless of how healthy that home owner was, personally and financially, when buying their home. That worry is this: “Over the next thirty years, will I be able to keep my home if I become sick? What if I have an accident, or lose my job? What if my mortgage goes into arrears? Will my home be subject to repossession?”
Unfortunately, for too many people, that worry becomes a reality, and the end result is that a family loses a home they love. The good news is that there is an alternative, and it is an alternative which allows the family to stay put.
Circumstances like these can happen to anyone, and when a home has no income coming in, it’s easy to fall behind on mortgage. Once one falls behind in mortgage payments, it can become difficult or even impossible to catch up. At that point repossession is a strong possibility, and the home can be lost forever.
The first reaction of many people is to deny there’s any trouble. It’s very tempting to “bury one’s head in the sand.” The problem with this approach is that when one looks up, the problems of mortgage arrears not only haven’t gone away, they’ve gotten worse! At this point the next knock on the door could possibly be bailiffs with an eviction order.
While the homeowner’s options may be limited, there are options, and some of these options will allow the home owner to stay in the home, with a goal of getting ownership back. For example, there are specialist companies which can pay cash for the home, then rent the home back to the homeowner for a monthly payment which is less than the current mortgage.
The best aspect of the sell and buy back option is that when the homeowner’s situation improves, there is the opportunity to buy back the property. The price at which the home owner would be able to buy back the house is set at the time the home owner sells, and that price won’t change regardless as to what happens in the economy. The rent and buy back company will usually be able to offer a verbal quote on a purchase price for the house in as little as 24 hours. If the homeowner is interested at this point the next step would be a valuation of the home and the extension of a written quotation on the purchase price. The rent and buy back company will be able to give the homeowner directions on how to proceed with the sale, as well as how to stop any court proceedings that have already begun.
Mortgage arrears can be devastating, but they can be avoided. It costs nothing to apply for a sell and rent back program, and such a program can make the difference between staying in a home or being forced out, between continuing to work toward owning the home outright or being forced to start over.
Passive Income
May
02
Commercial Property Development Activity Falling at Record Rate Say Savills
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Savills’ November index of commercial development activity shows 13th monthly fall in a row
The UK commercial property sector continued to deteriorate at an increasingly rapid rate last month, new research by Savills has shown.
Its Total Commercial Development Activity Index fell in November for the 13th month in a row, with the rate of decline slightly steeper than in October.
As the credit crunch began to bite, weakening occupier demand led to a new series-record decline in development activity.
Almost 58% of respondents to Savills commercial property survey reported a drop in activity, compared with just 7% signalling a rise.
The index showed a resulting net balance of -50.3% in November, down from -49.7% in October.
The fastest reduction of activity was in private new build. Office development was particularly hard hit. For the fifth time in 2008, however, the least marked fall in activity was shown by refurbishment.
November’s survey also found widespread pessimism about the three-month outlook for activity, with the degree of negative sentiment the lowest since the survey began in March 2003.
Commercial developers said they remained concerned over the extent to which lower central bank rates can alleviate the downturn in the sector over the near term as a result of continued lack of credit availability, and a reluctance of clients to commit to new projects.
Commenting on the November survey, Mat Oakley, head of Savills’ commercial research department, said the negative outlook was surprising: “This month’s survey was surprising in the fact that developers’ expectations for the future continued to slide.
“While the lack of debt available is clearly a dragging factor on the market, we expected that November’s 150bp cut in the base rate might give developers some confidence that the downturn in occupier demand would be shorter and less deep than it could have been,” he added.
About UK Business Property
Whilst there are more than 20 portals covering residential property in the UK the commercial property market remains relatively unserved, with no site having a majority share of the total available commercial property listed. The internet has taken a significantly greater share of all advertising spend each year as it continues to prove that it is the most effective medium for advertisers to reach their audience.
Traditional estate agency methods remain quite successful in reaching the local market around a property, but do not capture leads from the national and international markets at all well. With increasing mobility of populations and business in the global village, it makes sense to expose commercial properties as efficiently as possible to the whole market. In 2006 there were 6 million searches (based on figures from Yahoo Search) made on the internet in the UK for commercial property of all types. Many of these searches will be fruitless as major search engines do not expose many of the available properties at present.
UK Business Property aims to change this by offering commercial agents important incentives to bring all their properties to the whole market. By linking to UKBP agents will bring more traffic to their websites. For agents who do not yet have a fully featured search on their website UKBP offers it’s advanced search functions free of charge, in an easy to implement solution. The advantage is that you keep your visitors on your site and build your brand in your local market, while receiving leads from a national and international audience.
UKBP is committed to supporting agents, with advantageous Agency Terms and a profitable opening offer to it’s Founder Members, who Register and upload their properties before 28th February 2007.
Rent Back
