Information For Foreigners Purchasing Luxury New York Real Estate

The recent drop in the economy was a real scare to national and foreign investors. The real estate industry was one of the worst hit. However, now that the economy is slowly recovering, more foreign investors are regaining an interest in real estate throughout country. Luxury New York Real Estate is especially receiving a lot of interest amongst international property buyers.

Luxury New York Real Estate is popular among foreign buyers for its location and close proximity to foreign countries as well as the market fundamentals of supply and demand . Companies and individuals investing in real estate in New York City do so with the expectation of good returns on their investment due to capital appreciation in the city. However, there are several factors that you must consider before investing in luxury New York Real Estate.

As a foreign investor you will probably be interested in two types of luxury New York Real Estate. Townhouses and Condominiums are the most popular types of luxury New York Real Estate among foreigners. This is because foreigners find it difficult to provide evidence of US Tax returns. Purchasing these two types of properties does not require any such evidence. The purchasing process is therefore simpler than that of other types of properties unless seeking institutional financing. In addition Condos and Townhouses are freehold properties in which you own the real property and have the right to renovate and use the property at your desire whether it be as a Pied-a-Terre or primary residence.

The face of luxury New York Real Estate is changing rapidly. Many older buildings are either being brought down completely or being transformed into modern condominiums that are popular living choices for both families and individuals. Purchasing a condo as a foreigner is a simple solution. Condos are usually run by boards consisting of members who are residents of the condominium. This board makes decisions on the running of the condo and will make decisions on approval on any purchase offers. Obtaining approval from a board of civilian residents is much easier than having to approach a civil body such as a cooperative board in which you may be declined approval without reason.

Buying and selling condos in New York is relatively easy even for foreigners. This makes them a good option for those looking to make some money from purchasing luxury New York Real Estate. It is even possible to enter into an agreement with a part time resident for a short term stay.

Before you jump into the luxury New York Real Estate market, there are a few details that must be considered. These have to do with additional expenses incurred in the purchasing of a luxury property in New York. One, you must pay real estate taxes on your property upon purchase. This ranges from hundreds to thousands of dollars depending on the property you are buying. And two, there are additional monthly charges for the property i.e. maintenance fees and common charges. These also range from hundreds to thousands of dollars depending on the type of property.

Brokers or Lenders Which Do You Want for Your Real Estate Mortgage

A mortgage is a mortgage is a mortgage. NOT! Not only do mortgages differ between lenders, but they also differ greatly by the lenders, themselves. There are two types of real estate originators brokers and loan officers.

Brokers generally are self-employed professionals, who work to secure a real estate loan for you. They work through a variety of lenders and earn a fee for the transaction. Most of the mortgage lenders who advertise on the Internet are brokers.

Loan officers are employees of a bank, credit union, or other lending institution, such as a mortgage company. They sell and process mortgages and other loans only for their employers. They are usually local and in a physical location.

There are advantages and disadvantages in using both brokers and loan officers for your real estate purchase, so you need to shop for the one that is right for you and your particular circumstance.

Brokers

The advantages to using a mortgage broker for your real estate purchase are many. Usually, the better deal they get for you, the buyer, the more they are paid on the transaction a big plus for you. If your local bank, mortgage company, or credit union has refused you a loan, a mortgage broker may be able to find a lender, even if you have bad credit just expect to pay a higher interest rate. If your real estate is unique or commercial property, using a mortgage broker to secure a loan is at times easier and faster.

One downside of using a mortgage broker is that your mortgage loan will be sold to another lender immediately after closing. Another is that brokers choose to do either non-conforming loans, which are higher risk and usually higher interest rates, or conforming loans. This limits your loan options. Brokers do not have to disclose a good faith estimate on what closing costs will be, nor are they regulated by the Fair Credit Act. Additionally, they seldom have a physical office with employees offering you face-to-face customer service, and they generally are in another town or state than where your real estate is located. This means they may not understand the local market in which you purchased your real estate. Important issues may arise from the real estate classifications and terms used by your appraiser, for example.

Loan Officers

Though loan officers offer a variety in the types of loans available, you are limited to only those products offered by one institution. Usually a local institution, the loan officer will be familiar with all local regulations and issues will not arise over lack of knowledge in local market terminology.

Banks and Mortgage Companies Bank and mortgage company loan officers will give you face-to-face customer services, at least before the closing. Like brokers, banks have the option of selling real estate loans on the secondary market. Some banks sell only low-end mortgages or those that require too much servicing with little return. Some sell the loan but keep the servicing portion, making it appear that your mortgage continues to be owned by the bank or mortgage company. They are required, however, to tell you during the initial paperwork if your mortgage may be sold. I suggest you ask before you ever get to that point, if this is a deal breaker for you.

How To Start Your Internet Affiliate Marketing Business From Home Real Estate Marketing

There are plenty of different options if you are considering looking for something that is going to be able to generate you an income from your own home. One of these will be through affiliate marketing, and this is something that you can start as a part-time enterprise and begin to go full time as you become more successful. As such, here are a few tips on how to work your online affiliate marketing business at home.

The first step that you need to take away and engaging in any affiliate marketing will be in creating a website or a blog. The purpose of this article I’m going to start from square one, and assume that you are only just getting going with the idea. As such it is going to be very important that you pick out a popular niche where you can start up your website will blog. Ideally, this will also be something that is going to interest you, and something that you will have a significant amount of knowledge and passion for.

It is crucial also that your subject is one that will actually garner interest from merchants. As such you need to really consider a site that is going to be interesting in its uniqueness yet not too left-field that it will not interest merchants who are going to want to advertise. You need to be as niche as you can, and not get sucked into a saturated corner of the market.

Once you have chosen all of these factors carefully and you have set up your website based on this then you need to make sure that you are able to create high levels of traffic to it. You might setup the greatest site in the world, but if you do not have people visiting it then this is completely pointless. You need to ensure that you generate traffic through different techniques and this is going to be something that will attract different merchants.

When you have done this, then the merchants will most likely start to come to you. If they find websites that are linked closely to what they are selling and that are popular and have high levels of traffic, then they will be more likely to negotiate better commission deals with you. However, this should not stop you from looking for merchants yourself and not simply waiting for them to come to you.

Once you have several merchants who are advertising their products through your website then you should be able to see some income begin to flow in from the commissions that you are making. This then opens further doors to extend your reach in affiliate marketing.

As your website continues to generate traffic and you continue to generate commissions from the merchants advertising their products, you can begin to think about creating additional websites and blogs. These can be on the same sort of theme that you have originally worked with, or you can look to expand into other sections of the market.

The chances are that certain attempts you have will fail and others will be very successful. As such it is a bit of a trial and error process, but if you really put in the hard work you should see some decent returns coming through eventually.

Winning Marketing Strategies For Real Estate Investing

Having a successful real estate investing business means you must reach a lot of people with your marketing. Devising winning online and offline marketing strategies should therefore be a big task for you to keep those leads coming.

This article explores a few simple marketing strategies that will get you closing more deals and putting more money in your pocket.

First, you must realize you should never employ just one marketing strategy alone. The best marketing is the one that includes all the strategies you employ both online and offline.

Online marketing strategies
Any form of online marketing dictates that you must first have an effective real estate investor website. This acts as you landing point and plays several key roles crucial to real estate investing:

a)It tells your story for you
b)It captures leads for you
c)It pre-screens and pre-negotiates deals for you
d)It builds buyers lists for you
e)It converts leads into closed deals through integrated marketing tools such as autoresponders

You can get a fully equipped real estate investor website ready for business within one hour.

With your website online, you can now employ marketing strategies that will keep those leads flowing in:

1)Search engine optimization
You are likely to attract more business when you rank highly in search results in the major search engines.

Most people start their search on the internet. It follows that if you have a top ranking, then you will attract more business.

Search engine optimization places your website and business high in search results. The ultimate goal is the number one or top position.

Search engine optimization can continue bring you leads for years to come with a one time effort. This should form your first marketing strategy.

2)Press releases
Target prospects will contact you when you release topics of interest to the press.

Your phone will keep ringing as long as you can keep them coming. You are also likely to get the attention of local media, who can interview you as an expert in your field. You can get a lot of business from this kind of exposure.

You should also post articles of interest on your blog that are also syndicated to other outlets. The real estate investor website you get must be equipped for this.

3)Pay per click
This is not my most recommended method, but it can bring you leads quickly. To get a good return on your investment, you need to know what you are doing and optimize your ads well.

Offline marketing strategies
Your website address must always be included in your offline marketing.

1)Direct mail
This is by far the most powerful offline marketing strategy. The more targeted your leads are, the more response you get.

The key targets in my business are people who own real estate and are in legal trouble. This includes people going through divorce, bankruptcy, liens, people who have inherited properties, burned landlords and so on.

Post cards and letters work well in direct mail and can bring you the bulk of your leads.

2)Bandit signs
If your city allows them, bandit signs can generate a lot of leads.

3)Radio and television, newspapers, brochures, flyers, and billboards
These can also bring you a lot of leads and can make part of your marketing strategies.

Indian Real Estate Hotspots

Source: Economic Times

Indian Real Estate Options

In a report recently released by Jones Lang LaSalle confirms, Tier III cities of Chandigarh, Kochi, Ahmedabad, Jaipur and Nagpur are fast emerging as the top three IT / ITeS commercial real estate destinations in India. According to the report, Wipro, Satyam, Infosys, IBM, Microsoft, Genpact, Dell are some of the IT / ITeS firms that already have a presence in a number of Tier III cities across India. Creating a wide array of choice, other cities, such as, Mysore, Coimbatore, Lucknow, Visakhapatnam, Indore and Baroda have also started to appear on the radar of IT / ITeS firms.

Further, the report point out that the traditional growth centres (Tier I cities) and transitional Tier II cities have grown from strength to strength, while Tier III cities have begun to fast emerge, as hotspots for the office, retail, residential and hospitality sectors.

Providing cost arbitrage opportunities for off-shoring facilities, though profiles may vary substantially across locations, Tier III cities offer advantages in terms of lower cost of labour and real estate, as the cost of doing business in Tier I and II cities increase.

While, Kochi and Nagpur offer skilled IT / ITeS manpower at relatively higher rates, as compared to other Tier III locations of Chandigarh and Jaipur, availability can depend upon skills-set type required by respective businesses. However, some of these cities, such as, Kochi and Nagpur have a number of colleges and institutions that impart professional education and have high literacy rates, overall. Kochi with a 94% literacy rate and Nagpur at 88%, may provide a larger English speaking talent pool suitable for IT / ITeS businesses.

The report also states, city evaluation factors include, business location attractiveness infrastructure support, governance, cost of living, quality of life, operating costs, etc. etc.

It also points out, the 8% growth of the Indian economy that shows no signs of a slowdown in the short-term, will ensure the demand for office space continues to increase, resulting in low vacancy levels.

As per the report, the weighted average gross rental value in the Central Business District (CBD) and the SBD is expected to continue to rise in the next six months, mainly on account of low vacancies. However, the 1.2-million sq. ft. of expected supply in the SBD in 2007 might trigger stabilisation of rental values in the micro-market.

High streets in Delhi still command the highest rental values, Connaught Place, the NCR CBD, continues to undergo a facelift, in the process attracting many new retailers, leasing spaces at rents as high as Rs. 600 per sq. ft. per month.

Article Publish by: www.indiarealestateblog.com

Chinese Investors – Immigrants Buying High-end Victoria, Bc, Real Estate

Canada boasts a solid financial system, political stability, an excellent educational system, a good social welfare net, and a welcoming immigration policy. And all these things are attracting foreign investors and immigrants, especially from mainland China, who are buying houses, but not just any houses. They are looking at high-end Victoria, BC, real estate.

Earlier it was investors and buyers from Taiwan and Hong Kong coming into the Vancouver area. Now, it is investors and buyers from mainland China, in even greater numbers, seeking to purchase Vancouver and Victoria, BC, real estate. These investors/immigrants view Canada as good place to store their wealth and this area in particular as a good place for their children to get a western education. An added bonus is that it is not all that far from their Asian businesses.

Last year, Soufun, China is largest real estate website, organized a trip to the US in order to buy overseas real estate. This year, Canada was chosen as the destination for the real estate buying expedition. The people on these tours are looking to buy luxury homes for the purpose of immigration and so that they can send their children to Canada for study. The bulk of the activity is in the Vancouver area, but much of it is spilling over to Victoria.

The reasons why wealthy Chinese want to buy in Canada are that:

1.Canada is a safe place for investing in real estate. The Canadian housing market remained relatively unaffected while the US market suffered a devastating downturn. Further, the flow of immigrants into Canada keeps the housing market fairly stable.

2.Canada has one of the best educational systems in the world, with generous government subsidies.

3.Having been voted the most livable place on earth eight years running and with a vibrant cultural diversity, Canada is also attractive to vacation-property investors.

4.Canada is free medical care and substantial childcare subsidies, as well as its solid social welfare and pension programs, make it attractive to both parents of younger children and retirees.

The attractions of Victoria in particular are the mild climate and breathtaking scenery, the cultural diversity and educational opportunities, and the array of entertainment and architecture. The capital city of British Columbia, Victoria is a bustling cosmopolitan city that is home to North America is second-oldest Chinatown. And now Victoria is drawing wealthy Chinese luxury home buyers.

There is, then, an opportunity here for sellers in the high-end Victoria, BC, real estate market. The trick, though, is in knowing just how to market to this new wave of luxury home buyers, and this is where a reputable, knowledgeable Victoria, BC, realtor can be a huge help. Here is what a realtor can do, especially in an unfamiliar market with a new kind of buyer:

1. Provide a comparative market analysis (CMA) to determine the best price so that the asking price is neither too high nor to low, either of which can slow down the sale.

2. Provide a marketing plan aimed specifically at the targeted buyers

3. Ensure maximum exposure to the greatest number of qualified buyers

4. Act as a negotiator and guide throughout the process

The time is ripe for selling luxury homes to these new buyers, but traditional marketing methods may not be enough. You are going to need a Victoria bc realtor with a solid online presence and effective Internet marketing system.

Real Estate Panama- Selecting The Best Agent

Choosing the right agent for real estate Panama is the very first step to having a worthwhile property investment. You should have an agent who is skilled in the real estate market. Once you get the perfect agent, the job of making deals will become easier for the customer as well as the seller. Choosing the right agent is a must because you will acquire a house that fits best your wants and necessities. In Panama, you will get numerous real estate agents, and you should implement these tips to get the right one.

Although there are numerous real estate Panama realtors, you will find a great difference between them. Some of the agents have several years of experience in real estate administration while others have zero know-how. In some other situations, you will find real estate agents who do the job full-time and others who work part time. Thus, when selecting the right realtor you might want to be aware of the big differences. Before you decide to settle for one agent, you should consider experience, work ethic and mindset.

The first starting point is to save some time and perform own research. When purchasing real estate you shouldn’t be in a rush to determine without familiarizing yourself with the location of the real estate. In a given area where the real estate market is growing, you can find for-sale signs. If you ever look around a specific location in Panama carefully, you will see a real estate agent who rules. You need to make an effort and look for details about your real estate agent. If you do researching, you’ll be able to choose.
Check online ratings and reviews- This is certainly important. You will not be making a blind buy by any means. This can be a great factor that you should take into consideration before you wattle for a agent. Just like the way you’d gain while you get testimonials rankings and also evaluations online are necessary too. Buyer opinions are a great chance of understanding the experience that clients had with a certain real estate agent. The right realtor that you should select is the one whose rankings are high and the one who have great positive reviews.

Before you decide to select the agents, you need to have a short introduction through an interview. Having an interview with an agent will help you in obtaining important information. The least number of agents that you should meet is three. An interview will make your decision less difficult and you will ultimately get the ideal real estate Panama agent. The best agent that you must choose is the one who has experience and proficient in the real estate industry.

Throughout the interview, you should know the appropriate queries that you need to ask. You must ask specific questions about the deals that an realtor has had before and those that they have successfully undertaken.

If you have finally made up your decision of purchasing real estate in Panama, you shouldn’t forget all of the ideas that you have read here. Most of the investors who have selected real estate Panama agents based on things such as asking the appropriate questions, interviewing the real estate agent, checking evaluations and ranking, have been productive in obtaining the ideal property.