Real Estate WTS Link

Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful.

Tuesday, March 27, 2007

3 Easy Ways to Find Your Local Cash Home Buyer

Cashhomebuyers.com is a company that buys, renovates, and sells houses. Scott said he specializes in helping people with financial difficulties by purchasing their home when it is in danger of foreclosure and bankruptcy.

“Stress is a terrible thing, and people suffering from adversity and financial problems need help fast. My company has the resources to come in and buy their house quickly to help financially troubled people put their problems behind them so they can start fresh. The trademark says it all. It clearly states what we do. ‘We Buy Houses Fast for Cash,’” explained Scott.

One happy customer, John said, i sell my house for cash and that is a really worth step with Cashhomebuyers.com. I’m living in Florida and sell my home for cash in St. Petersburg never been easier with Cashhomebuyers.com.

Faced with challenges such as divorce, illness, unemployment, and financial difficulty with too many debts and not enough income, homeowners may need to sell their home fast to avoid foreclosure or bankruptcy.

He started http://www.Cashhomebuyers.com as a way to reach people who need help. His company provides creative real estate solutions to challenging problems, all the time maintaining the dignity and respect of the people who come to him.

We buy houses in Florida from people in almost any area, condition or price range. I specialize in finding creative solutions to real estate problems that others won’t touch. I handle all of the paperwork, make all the arrangements, and close within a few days if necessary,” said Scott.

He also helps people who cannot buy a home using traditional financing.

I buy homes, renovate them as needed, and then use some creative methods to enable people to buy them, or perhaps lease with an option to buy later. In other words, rent to own. Every situation is different, so I stay flexible so I can design a program to meet the needs of the people who come to me for help,” said Scott.

We buy houses, Cash Home Buyers will buy your house and treat you fairly, we strive for win-win agreements. Sell your ugly House or home as is for cash. We buy houses in any condition and will buy your home fast, we are not the ugly houses guys.

Representatives are available to provide credit and budget counseling, as well as information on down payment and closing costs assistance programs available in various areas. Counseling is available for free at www.Cashhomebuyers.com .

Tag: Buy Homes, sell my house, buy houses, Florida, Miami, find a property, find property, property for sale, find property for sale, Atlanta, Austin, Boston, Chicago, Dallas

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Saturday, March 24, 2007

What real estate agents 'neglect' to tell you

Fair-housing laws prevent agents from talking about neighborhood demographics, and they often don't want to discuss other details, such as crime stats. Luckily, the Web picks up where agents leave off.

Steve Roddel was walking through a house in Fort Wayne, Ind., when he wondered aloud whether there were any sex offenders living in the neighborhood.

Instead of commenting on her own, the real estate agent showing the home quickly pulled out her cell phone, connected to its Web browser and brought up Family Watchdog, a national sex-offender-registry Web site. Little did she know that she was standing with the site's founder and CEO.

A real estate agent can be a wealth of information about a house. So a homebuyer who asks what crime is like in the neighborhood might be surprised when the agent defers the question, directing a client to the Web or local police instead.

"The Realtor will be the one that has the most contact from beginning to end. Because of that accessibility, the consumer feels that they can give them all the information that they need," said Alex Chaparro, the president of the Chicago Association of Realtors.

But there are some pieces of information that an agent simply can't speak about due to fair-housing laws, including demographic statistics. And they often prefer to leave some characteristics, such as the quality of the school district or crime stats, answered by other sources.

The conservative approach is often taken in order to avoid a lawsuit popping up in response to frank neighborhood talk, said Ralph Holmen, an associate general counsel of the National Association of Realtors. Agents are forbidden from giving information that could be considered "steering," directing a client toward or away from a particular property in a discriminatory manner.

Some of this information will make or break a decision to buy. The quality of school systems, for example, has long been of importance to home-buying families. Fortunately, there are a variety of sources buyers can use to get at the information on their own.

Checking on the schools

Unless a realty agent has hard data at his or her fingertips, the agent may decline to answer school-district questions. Even if the agent is willing to share some information, a prospective buyer might want to do additional fact-finding before deciding on a home or which neighborhoods to consider.

A national database of school demographic information can be found on the National Center for Education Statistics Web site. Click on the "School, College, & Library Search" tab at the top in order to view data including a particular school's student-to-teacher ratio or enrollment by race and ethnicity.

For a snapshot of academic performance and to compare schools, a prospective homeowner might browse the School Matters Web site, a service of Standard & Poor's.

"People who are really attracted to (School Matters) are people who are moving," said Susan Shafer, the director of marketing and communications for Standard & Poor's School Evaluation Services. "It's a good starting point," she said, but it still isn't a substitute for an actual tour.

Another site, GreatSchools, offers similar tools. Some school districts and state departments also post information online. It might be worthwhile to look at an individual school district's site, especially for large systems.

Crime matters

Roddel's Family Watchdog Web site allows users to enter a street address and pull up a map of the area that plots out where sex offenders live. Click on one of the squares that indicate an offender's home, and often an address and a photo are available to view.

Information is updated at least once a day and is culled from state registries, Roddel said.

The idea for the site came about a year and a half ago, after 9-year-old Jessica Lunsford was assaulted and killed by a convicted sex offender in central Florida in 2005, he said.

"(Real estate agents) tell me that their buyers tell them where they do and don't want to look for houses based on the density of sex offenders (in the neighborhood)," Roddel said.

He hopes to create another tool that will help people learn about other neighborhood crimes. In Chicago, there already is such a site: ChicagoCrime.org, which allows visitors to search for crimes by city block.

For now, he suggests that people scout out the neighborhood the old-fashioned way. "Talk to the police department and see if they've got any statistics," Roddel said.

Judging the environment

Another issue that comes up occasionally in a housing search is the environmental characteristics of a neighborhood, said Holmen, of the National Association of Realtors. The association typically advises members not to make judgment calls on the health of an area and to leave that to experts.

The U.S. Environmental Protection Agency's Web site has a tool that allows visitors to search a community by ZIP code for environmental facts about the area, including pollution statistics, the location of hazardous-waste sites and information about the area's watershed.

Another site dedicated to helping the public retrieve information about local environmental health is Scorecard, which generates a pollution report card at the county level, giving information on such topics as air and water quality.

Learning the demographics

If agents don't shy away from any other question, they most likely will when it comes to those regarding demographics -- and for good reason. Fair-housing laws forbid issues of race or ethnicity to be a consideration in the minds of real estate agents, who mustn't steer a client toward or away from a particular area based on the neighborhood's makeup.

When Anne Kennedy, an agent in Austin, Texas, turns down a question about neighborhood demographics, clients "completely understand," she said. She suggests searching the U.S. Census Bureau's Web site for statistics about an area's demographics; the bureau' Quick Facts page breaks down the information easily, by city and county.

"That would also show general socio-economic data," she said.

Walking the neighborhood

Finally, even though there's a wealth of information online, there are some questions best answered by walking around the area and making a note of your observations.

For example, in Chicago, sometimes a client will ask what parking is like on a particular block, Chaparro said. If the showing is at 10 in the morning, when many cars are off the street because their owners are at work, he doesn't have an answer to give them.

Several trips past the home at various points of the day, noting whether there are special parking restrictions marked on the street, will probably provide a more informed answer.


Source

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Thursday, March 22, 2007

America’s 50 Most Affordable Housing Markets

The most affordable housing markets by state, according to Coldwell Banker’s 2006 Home Price Comparison Index

The 2006 Coldwell Banker Home Price Comparison Index evaluated major metros across the U.S. to determine which were the most affordable -- and which were the most expensive. The homes in the study were all approximately 2,200-square-foot, single-family residences with four bedrooms, two and one-half baths, a family room or equivalent, and a two-car garage. The most affordable market was Minot, N.D., where the average sales price for a home of this description was a very reasonable $132,333. The most expensive market was Beverly Hills, Calif., where the same size house will fetch $1.8 million. Want to find out the most affordable or expensive market in your state — or maybe even think about relocating?

ALASKA



City: Anchorage
Type: Single Family home
Price: $328,000
Beds: 4
Baths: 2
Listing agent: Kara MacDonald, Coldwell Banker Fortune
MLS #: 06-10515

Most Affordable market: Anchorage
2006 Average Sales Price: $303,750

Most Expensive market: Juneau
2006 Average Sales Price: $472,500

Variance: $168,750


ALABAMA



City: Huntsville
Type: Single Family home
Price: $214,900
Beds: 5
Baths: 3
Listing agent: Roy Claytor, Coldwell Banker Premier
MLS #: 207123

Most Affordable market: Huntsville
2006 Average Sales Price: $204,300

Most Expensive market: Mobile
2006 Average Sales Price: $216,109

Variance: $11,809


ARIZONA



City: Mesa
Type: Single Family home
Price: $259,900
Beds: 4
Baths: 3
Listing agent: Carol Shults, Coldwell Banker Residential Brokerage -- Mesa
MLS #: 2547942

Most Affordable market: Mesa
2006 Average Sales Price: $253,600

Most Expensive market: Scottsdale
2006 Average Sales Price: $502,800

Variance: $249,200

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Sunday, March 18, 2007

10 things your interior designer won't tell you

They're selling taste; you're buying it. But that doesn't mean you have to listen.

1. "My qualifications? Well . . . my friends say I have good taste."

Chalk it up to the home-improvement craze, but the interior design field is hotter than a $20 Eames chair at a garage sale. The U.S. Bureau of Labor Statistics recently reported that "rising demand for professional design of private homes, offices, (etc.) should spur employment growth of interior designers" through this decade.

Such growth may be especially easy when there are few rules defining what a designer or decorator really is. In most states, anyone with a flair for picking curtains can hang out a shingle as an interior decorator or designer; in only 22 states are there regulations about the exams, education and professional experience a person must complete before legally calling himself or herself a licensed, registered or certified designer.

Of course, you may not care about such credentials if all you want is to hire the same designer who made your neighbor's living room look fabulous. Advanced training, however, covers materials, safety and code issues that can have a major impact on your home. Hiring someone who doesn't have that knowledge "can result in anything from material that allows slip and falls in bathrooms to kitchen appliances that are beyond the house's electrical load and can cause a fire," says Bruce Goff, a Reno, Nev., interior designer with the firm Domus.

So before you hire, do your homework. First, see what your state requires by checking out the International Interior Design Association's Web site. Then visit the American Society of Interior Designers' referral site for a list of qualified designers in your area. Last, it's important to check that final, intangible credential: chemistry. That's why you should meet in person, to be sure this is someone you want to deal with on a daily basis, and in your home. Wayne Breeden, a designer in Washington, D.C., says, "I tell people we have to get together and see if our personalities jell."


2. "I'll decorate in my style, not yours."

Christine and Dan Cleary, of Shorewood, Minn., thought they did everything right when they hired an interior designer this past spring. They talked to the designer about their needs, budget and style preferences: His were contemporary, hers a bit more traditional. But neither of their tastes was reflected in the proposal, which had a distinctly trendy bent, even featuring animal prints. "I told him I wanted drapes; he came back with blinds. I told him we wanted a Persian rug; he showed us a very plain rug," Christine Cleary says. "What it came down to was that he wanted to sell us the furniture in (the firm's) showroom. He wasn't going to go to other stores to find furniture to match our taste." The Clearys severed ties with the designer and were reimbursed all but $250 of the $1,000 retainer they'd paid.

Indeed, "designers have the reputation for doing their own style over and over," says Beth Whitlinger, an interior designer in Trabuco Canyon, Calif. Or some stick too close to what's "hot." These days, she says, it's French country or Tuscany themes, "which are going to look like avocado green five years from now." When hiring your designer, look for a portfolio that shows a variety of styles -- including, of course, one you like. "Specializing in one thing means they don't know how to do anything else," Whitlinger says.

You'll have better luck with a designer with whom you have a good rapport -- another reason to set up a face-to-face meeting before hiring to talk about styles and compare opinions on, say, pictures of rooms you've clipped from magazines.

3. "I'll redesign your budget."

Unless you're careful, an interior designer may treat your budget like a swatch of discarded fabric. "Designers assume that budgets don't include things like their fees and taxes," Whitlinger admits, adding that they likely regard that number as the amount they can spend on furnishings and finishes alone.

That's why you should tell your designer that the amount you're willing to spend includes everything: furniture, fees, sales tax, delivery, installation, you name it. "Have the designer give you a proposal with everything itemized before anything is started," Whitlinger says. "That way you get a breakdown of how every penny is going to be spent."

Leslie Curtis, owner of Leslie Curtis Antiques & Design on Cape Cod, Mass., and in Los Angeles, adds another tip: Collect a folder of looks you like -- fabric swatches, photo spreads from decor magazines, paint colors -- and show it to your designer before you get started. Your designer should be able to tell you the price range you're looking at, given certain brands, or suggest looking for cheaper alternatives.

4. "You have no idea how much that sofa really costs."

When you pick out new furniture with a designer, chances are that he or she will order it from a trade showroom at a discounted, "to the trade" price -- in between wholesale and retail -- and add a markup for her time and service. Some designers have been known to charge up to 100% commissions over that base price, says Elizabeth Franklin, creator of The Franklin Report, which lists and rates designers in the New York City area, Los Angeles and Chicago. But you might not know you're being charged that much, since bills often just list one lump price.

While most designers charge commissions of between 33% and 50%, Franklin says, "ask your decorator where he or she falls." If you shop with your designer, be sure to ask what pieces in the showroom cost, says Celeste Cooper, creative director of the design studio and furniture store Repertoire. "Any designer not willing to quote net (another name for 'to the trade') to you," Cooper says, "is not a professional."

5. "My hourly rate will make you see red."

When Catherine Lynn needed her San Francisco home redecorated, she used the same California-based design firm that had handled her home in Kona, Hawaii, four years earlier. Much to her shock, the prices had skyrocketed. The firm's billing practice had changed from a flat fee plus 30% product commission to an hourly rate plus commission. The result was a bill for $48,000 more in fees than she'd paid for the first, similar-size project. While Lynn admits that the hourly rates were described in the contract, "it never occurred to me that I would be paying $75 an hour for office assistants to place my orders, check orders and send mail."

A better method is to ask for a fixed fee. To calculate a fair price, consider that a room typically takes about 20 hours of designer work to complete and hourly rates can range from $75 to as high as $350. "A fixed design fee is a better deal for clients," says Deborah Wiener, of the Silver Spring, Md., firm Designing Solutions. "If I'm paid by the hour, I don't have as much incentive to get it right (the first time)."

6. "Shop at the right stores and you'll pay less for designers."

Just because you don't want to spend 50 grand on your living room doesn't mean you can't hire an interior designer. National retail chains such as Bloomingdale's, Ethan Allen and Robb & Stucky, along with some independent furniture stores, offer the services of trained designers at excellent rates. At Ethan Allen, design service is free with a purchase -- whether you spend $100 or $10,000. Bloomingdale's charges a $750 design fee to do one to two rooms, with a minimum purchase of $10,000 -- but that's not limited to Bloomingdale's merchandise. The designer will help order nonstore products such as tile and curtains.

Before you sign on, though, make sure your in-store designer has membership in a trade organization such as ASID or IIDA to ensure you're working with a trained pro and not a glorified salesperson. Ask for referrals, and get any fee and purchase requirements in writing.

7. "My contractors will cost you."

When it's time to lay new tile or paint your kitchen, your designer will likely recommend his or her "preferred" contractors -- folks that he or she trusts. But taking these referrals can often be more costly than finding a contractor yourself, thanks to the hidden referral fees, or kickbacks, that designers often get from their preferred contractors. For instance, if a painter normally charges $500 for a job, he may charge you $550 when it comes through a designer, then pass that extra $50 back to the designer.

"We thought we would have better luck getting contractors through a designer," says Heather Wagner, of Colorado Springs, Colo., who hired a designer last year for a living room makeover. The designer charged a 15% "contractor management" fee, then repeatedly booked appointments with contractors who didn't accommodate Wagner's and her husband's schedules. When the Wagners dumped the designer and called the same tile and woodworking contractors themselves, they ended up saving $1,200.

Hidden referral fees are against ASID's ethics code, so ask your designer up front about his or her policy. Plus, to see where a preferred contractor's prices fall, "call three different (contractors) and get price quotes," advises Michelle Byers, an interior designer in Rockford, Minn.

8. "You and I have different perceptions of time."

If you want your dining room redecorated in time for the holidays and it's already October, designers have two words for you: good luck. Not surprisingly, the pre-holiday season is busy for designers, but spring is too, as clients anticipate summer visitors. That means they don't have as much time for your project, and compounding the problem, furniture delivery anytime tends to be "excruciatingly slow" -- up to nine months, says Celeste Cooper. "Most designers prefer not to be upfront about it because they're afraid you won't end up purchasing (the pieces)."

Worse, even if a designer can do your job in what she considers a quicker-than-normal time, it'll cost you. Rush fees, FedEx packages -- all these costs are passed on to a client. "I don't think designers are always good about saying, 'I can do it, but you'll wind up paying another 30%,'" says designer Deborah Wiener.

So before the project begins, ask whether your time frame is realistic and what rush fees may be incurred. Better yet, postpone your project until winter or summer. Wiener says she has cut her rates by as much as 25% during slow periods in December and January. "I would gladly give a better rate to someone who says, 'You can start the day after Christmas.'"

9. "Custom-made can make a big mess."

Thanks to economics and industry consolidation, there's less "standard stock" furniture on showroom floors these days. As a result, "custom" furniture is becoming more prevalent, whether it means just ordering different upholstery from the one on the showroom model or, says designer Michelle Byers, "being able to say, 'I want (that sofa) 96 inches,' as opposed to 98."

Either way, it can create trouble. If your shortened sofa still won't fit in your study, or its chocolate-color chenille looks more like latte, tough luck. If the product passed the manufacturer's inspections, it's unlikely you can return it. One Denver woman discovered that when the $7,000 handmade rug she'd ordered, which was supposed to be slate blue, came out turquoise. Her designer exchanged it for a $2,000 non-handmade rug but wouldn't refund the difference in price.

To avoid similar problems with custom orders, Bruce Goff makes his clients sign off on every step of the process, from the initial sketch to samples of the finish, fabric or yarn, which are called "strike-offs." For rugs, he recommends that clients buy a sample corner. At about $250, he says, "it's the cheapest insurance you can get."

10. "If I botch your project, good luck getting reparations."

Five years ago Janet Mitchell and her husband, Jeff, had to pay an extra $10,000 to get their new furniture delivered to their San Juan Capistrano, Calif., home after their prepayments evaporated under their designer's care. The Mitchells filed complaints with IIDA and the California Council for Interior Design Certification, and later received a letter of apology from the designer, c.c.'ed to the CCIDC.

Letters, of course, won't get your money back. If the designer doesn't have insurance, and many don't, you may not be able to recoup your losses in court. Indeed, the Mitchells filed a suit against the designer but, feeling pessimistic about their chances, dropped it. "We felt it was throwing good money after bad," Janet Mitchell says.

So when you're hiring designers and contractors, demand to see a certificate of insurance from each of them, says Natalie Haimowitz, who owns a custom window treatment company in New York City. Even better, ask to have your name added to the designers' and contractors' policies as an "additional insured" so you're protected against any claims of worker's compensation or liability. "If someone installing drapes falls off a ladder," Haimowitz says, "he can sue you for worker's comp."


Source

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Saturday, March 17, 2007

For Sale By Owner the next “big thing” on the Internet?



Obares.com enables you to find homes for sale by owner or advertise your real estate in over 900 metro areas in the U.S. and Canada. With local experts in over 200 of these locations, we are the largest network of FSBO experts in North America. With nearly half a million vistors every month, we provide National Exposure, Local Experts and free credit report.

Obares.com has teamed with over two hundred affiliates in local markets around the U.S. to provide the best For Sale By Owner service for home owners. These FSBO experts can assist you in many aspects of advertising your property. Local markets are provided exclusively to a local representative, for example, guidance using the real estate mortgage calculator. In certain markets where we do not yet have a local affiliate, you can still advertise your For Sale By Owner home - just click on the List A Home link in that market.

For Sale By Owner makes selling a home on your own easy. We sell the most houses for sale by owner, proving our house selling strategies sell more homes than any site in home selling. Moreover, your home's selling price is determined by you, not a real estate broker who takes a 6% fee for selling your home.

Mr. John says; “The FSBO techniques from Obares.com have been a huge aid. I just checked and I’m near the top of the search engines for some very competitive keywords and did it in less than a month. That’s out of over a millions indexed pages, so that’s pretty cool.” John adds; “FSBO will work for anything; any product, any service. This is a revolutionary way to develop online real estate and it is my opinion that some big money is going to be made.”

For more information about your dream condos and homes you can visit For Sale By Owner: http://www.Obares.com

Tag: homes for sale, FSBO, for sale by owner, For Sale By Owner Home, by owner, real estate, advertise, homes, condo

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7 slimy landlord tactics

Yes, many of the stories are true. Repair ripoffs, outrageous fees, security deposit scams . . . these are some of the ugly tricks that landlords pull on tenants.

About 10 years ago, a large Manhattan real estate firm bought an apartment building that contained a few rent-controlled units. Deregulated, those units would be worth perhaps five to seven times more on the open market -- if the developer could nudge the remaining tenants down the road, that is.

One of them, a senile older woman who had been living there for decades, refused to leave. The law was on her side: In New York City, tenants can't be evicted from rent-controlled apartments if they have lived there continuously since at least July 1971. What happened next comes from a source at the real estate firm who chooses to remain anonymous.

Soon after the purchase, the woman fell ill. While bedded up in the hospital, the company moved all of her possessions into another apartment set up to look just like her previous one, except that it was more than a dozen blocks away.

"This woman wasn't completely aware of her surroundings," says the source. She also had no family, so the company paid her nurse to keep up the ruse and even moved her old doorman into the new building for a few weeks to greet her. "The fact that she saw some familiar faces was enough to carry her for a few weeks." (The company eventually sold her original apartment as a co-op for a hefty price tag.)

Squeezing the most out of properties

Most property owners don't have the guile or the resources to pull off such a stunt. Still, overly opportunistic landlords are a sad fact of life. No matter if the housing market is torrid or soft, they are always looking for ways -- some downright slimy -- to squeeze the most out of their properties. Your best defense: A few ounces of prevention and some knowledge of the law.

Of all the nasty maneuvers, threat of eviction is the scariest. But many of those threats don't have teeth. Generally speaking, yearly leaseholders are safer than those who rent month to month. In most states, landlords must prove that tenants with annual leases have violated their agreements before they can evict. Monthly tenants, on the other hand, can be booted without cause with a 30-day notice in most states, barring a few exceptions such as discrimination. Residents of rent-regulated apartments have a right to automatic lease renewal (unless, perhaps, they don't have all their faculties).


Repair runaround

Most tactics don't involve such blatant strong-arming. Take repair requests. A landlord could add a clause in your lease stating that you must pay to fix that leaky sink, busted refrigerator or recalcitrant space heater. That's a crock. In fact, the law deems such clauses "unenforceable," and it's the landlord's job to foot the bill.

The best recourse: Put all repair requests in writing (in case you end up in court), and be sure to record the date and time of each. If your landlord doesn't follow up after a few phone calls, hire a repair person and forward a copy of the bill. Refusing to pay part -- or all -- of next month's rent until the problem is fixed works, too.

Your apartment may not have taken a beating, but your security deposit might. Call them "creative deductions"--$100 for chipped paint, $200 for ripped carpeting and so on. The big problem: By the time you get your dented deposit back, you've already moved out, so what can you prove? Head this hassle off before you move in by doing a walk-through with your landlord, checking off any imperfections and taking pictures.

Put the findings in writing and make your landlord sign the document. Then, a week before you move out, do the same thing again. If you end up in small-claims court, you'll be well armed.

Roommate rights

Landlords also may try to whack you extra for taking on a roommate or an extended house guest -- even though federal housing statutes prohibit landlords from raising rents on tenants who do so. There are limits, of course, so you can't pile in your whole extended family. What's typical is two individuals per bedroom, plus one. So, up to three people (including children) can reside in your one-bedroom apartment before the landlord can jack up the rent or issue an eviction notice.

If your landlord really gives you the creeps, consider buying renter's insurance. The cost is minimal (maybe $10 to $30 a month) compared with what you might lose in repair costs and lawyers' fees. (Read more about renter's insurance, here.)

Really fed up with your landlord? Extract your own pound of flesh by knowing the law. Example: Tenants in Chicago can collect twice the amount of their security deposits if they can prove that landlords stick rent checks and security deposits in the same bank account, says attorney Aaron Krolik. (Most banks can help you track down this information.) If that doesn't work, Chicago renters can double their pleasure if their landlords blank on paying the stipulated interest on security deposits, currently 1.7% a year.

These niggling technicalities are slimy in their own right -- and just the sort of thing that clogs up the courts. Then again, they asked for it.

7 slimy landlord tactics

Repair rip-offs: Your landlord may try to charge for fixing that leaky sink, busted refrigerator or recalcitrant space heater. That's a crock. Under most state laws, renters are entitled to reside in a safe, habitable dwelling on the landlord's dime. That means landlords must fork over for repairs and broken locks -- and do it in a reasonable time frame.
Dented security deposits: Your apartment may not have taken a beating, but your security deposit might. Call them "creative deductions"--$100 for chipped paint, $200 for ripped carpeting and so on. The big problem: By the time you get your dented deposit back, you've already moved out.
Roommate charges: In expensive cities like New York and San Francisco, taking on a roommate is a quick (if crowded) way to slash living expenses. Your landlord knows this and may try to charge you for the extra bodies, which can be illegal depending on the number of roommates you take in.
Usurious late fees: Landlords can make a pretty penny on late payments. State laws are squishy on what constitutes a "reasonable" fee, and there are plenty of property owners who will charge stiff penalties. Reasonable fees start at $5 a day and head up to 6% of a month's rent. Worst-case scenario: an eviction notice.
Illegal spaces: Converting garages, basements or recreation rooms into apartments is a no-no without proper zoning approval. So is living there. If the authorities find out, you'll soon be looking for new digs.
Key money: When rents aren't set by the laws of supply and demand, as is the case with rent-controlled or rent-stabilized apartments, black markets spring up. To skirt the rent cap, slimy landlords will accept extra fees --called "key money" -- from prospective tenants looking for an edge.
Threat of eviction: Landlords can find plenty of excuses to evict you, from lease technicalities to the occasional late payment. This one has a nasty ring to it, but in many cases, no teeth.

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Sunday, March 11, 2007

Tri City Washington Real Estate Online Portal

Richland Real Estate is an online real estate portal established with the aim of organizing the Washington real estate services and providing them at a single platform. Transparency in the services is our priority. We are dedicated to a plethora of real estate services including purchase, sale, rent and real estate market assistance and advisory services.

Homeowners across the country now have a quick, no fee alternative when it comes to selling a house. Richland Real Estate, a nationwide fee free home buying service, focuses on buying houses for cash within 30 days or less.

Richland Real Estate will show investors how to find private lenders and make them an integral part of their business dream team,” Colleen said. “There’s an unlimited supply of money available for residential and commercial deals if you just know where to look,” he added. She noted that of the four steps necessary to make money in the real estate market—finding, funding, fixing and selling properties—most investors stumble on the funding step. This portal is designed to help investors over that hurdle.

Real estate services which are considered to be most cumbersome Richland Real Estate eases all the burdens of the clients by providing these and many more services just at the click of a button to you sitting in any corner of the globe.


Tag: Kennewick, Richland, Pasco, Tri City, Wa, Real Estate, Realtor, homes, for sale, home, west, Richland Real Estate

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Saturday, March 10, 2007

BidSell.com Launches ``The eBay of Real Estate''

BidSell.com, a wholly-owned subsidiary of Idea Labz, Inc. www.IdeaLabz.com - an Internet incubation and holding company with popular websites such as DiscountMore.com, BidRent.com and BidSell.com, today launched the nation's first auction site targeting residential and commercial properties for sale.

Called "The eBay of real estate," BidSell.com enables property owners, banks, and real estate agents to list commercial and residential properties for free, giving potential buyers the opportunity to vie for new living spaces within the context of the popular online auction format.

BidSell.com and its subsidiary Idea Labz, Inc. are both founded by Bobby Khalili - a Los Angeles based internet entrepreneur. According to Khalili, "Similar to eBay.com (NASDAQ: EBAY), BidSell.com enables potential sellers to list their property on an auction style forum and receive bids on the property without the help of costly broker/agents." The company plans to keep the service free to both sellers and buyers while focusing more on generating revenue from advertising.

BidSell.com enables owners to build unique profiles which bear descriptions and photographs of their showcased properties. In essence, property owners can make a free website for their property in order to make marketing the property easier. URLs correspond to property addresses, meaning www.BidSell.com/NY119ParkPlace would link to a property on 119 Park Place in New York. The company also offers a customized FOR SALE sign with the property's website URL printed on the sign.

BidSell.com claims they are first to market with a real estate auction site that gives property owners the tools to help sell their property without the use of an agent. The site offers property owners a free website for their property. Property owners afford all the marketing advantages of a dedicated website. According to Mike Ebrahimi, the company's President and Co-CEO, "eBay.com is the first to market with a real estate auction forum but they do not promote it. They offer no services to the seller such as dedicated websites for properties and customized For Sale signs."

Like its popular sister company, BidRent.com, Ebrahimi feels that BidSell will be embraced by the real estate community. Although second to market after eBay, going head on with eBay while keeping the service free will encourage more listings and more transactions by the real estate community. With all of eBay's success, popularity, and sheer dollar volume of transactions, they only have under 2,000 real estate listings on the site. According to Ebrahimi, "The $300+ listing fee eBay charges restricts them from growing in the niche. It must be kept free in order to encourage usage of the site and eventually become more liquid."

Ebrahimi goes on further to say, "With BidSell.com profiles, buyers can browse, view pictures, leave messages and ask questions of the owners. The interested party may be inspired to make a casual offer. At that point, anything can happen."

BidSell.com will remain free of charge to users indefinitely. Khalili wants to encourage widespread use of the site, and subscribes to the notion that the most useful sites on the Net are offered at no cost.

"With real estate transactions at an all-time high, we firmly believe that BidSell.com will become a valuable commodity for everyone in the real estate community - from average Joe's and experienced investors to broker/agents and banks," says Khalili.

The company plans to eventually start a brokerage division whereby offering sellers flat rate fees of $2,000 to list properties on the MLS. Buyers would receive 2/3 of the commission credited back to them. This type of cut throat pricing is what Khalili expects to happen in the near future. "Just like stock brokers and travel agents, real estate agents will be a dying a breed. They won't die out completely, but there will be a lot less of them. We plan to capture a big chunk of the online real estate market with our cut throat pricing," according to Khalili.

Property owners are encouraged to make a free BidSell.com profile for their property today.

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Proceedings against Real Estate Agent

The Real Estate Institute is taking proceedings against a Hawke's Bay Real Estate Agent following a recommendation from the Crown Solicitor's Office.

The firm Graham Sawyer worked for has already been fined over an attempt to buy two flats for almost half their asking price. The institute's original decision not to also take action against Mr Sawyer angered the vendor.

Institute President Murray Cleland says the case is a complex one and they felt they needed to get a legal opinion first on whether there were grounds for further action.

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Friday, March 09, 2007

Ways to Increase Property's Profit



There are essentially four basic ways that you can receive a return on your real estate investments - cash flow, equity build-up from loan paydown, tax benefits, and property appreciation. A great aspect of real estate is that the investor can buy properties according to his particular financial and personal needs. Different properties are geared more toward achieving one of these types of return than another. For example, an investor with significant earned income may focus on properties with tax bennefits and not worry as much about cash flow. Investors nearing retirement will prefer properties with cash flow. And all investors look forward to appreciation.

Successful real estate investors continually ask themselves: How can I improve the returns on my real estate investment in each category? In this blog, we highlight some of the best ways that you can enhance your return on investment with rental properties.


Raise Rents

Although most rental properties have other sources of income, the largest source is almost always the rents. So real estate investors wisely begin with an understanding that rent increases lead to greater cash flow.

However, setting the proper rent and maintaining the optimum market level rents on turnover is one of the most common challenges faced by property owners. Many rental property owners are reluctant to raise rents, because they're concerned that their good tenants will leave. This is a valid concern but shouldn't prevent you from getting rents to market level - one of the fastest and simplest ways to improve your cash flow. Of course, you should always look for cost effective ways to improve the property and make sure that your rents are competitive and a fair value.

We recommend raising the rental rate modestly each year rather than waiting for two or three years and then hitting your tenants with a major increase all at once. Tenants are less likely to move as they understand that the costs of operation are rising slightly each year.

If your rents are already at market levels, look to make upgrades to the property to justify higher rents. Maybe the addition of a combination microwave/exhaust vent unit above the stove or the addition of a deck or awning will be an improvement that justifies higher rent. Any improvements that enhance the quality of living or bring the property to a level similar to higher priced properties in the area can lead to increased market rents.


Reduce Turnover

The single most important factor in determining the expenses of most rental properties is turnover. In both residential and commercial properties, tenant turnover is simply bad for the bottom line. A tenant moving out almost certainly means a loss in rental income, plus you're hit with the increased expenses (maintenance and repairs and capital improvements) to make the rental unit or suite available to show a prospective tenant. Signing long-term leases with qualified tenants, continually maintaining the property in top conndition, and being responsive to the tenants can help reduce tenant turnover, which directly improves the net operating income and cash flow.

Another effective tool to reduce the loss of rent during tenant turnover is to prelease the rental unit or tenant suite. If you can prelease the rental to a new tenant only a few days or weeks after the current tenant vacates, you'll dramatically reduce your lost rent and increase your cash flow. After you receive a tenant's notice to vacate, immediately seek permission to enter and determine what you'll need to do to make the property ready for the next tenant. Also begin advertising for a new tenant and gain the cooperation of the departing tenant to show the property.


Consider Lease Options

A lease option is an agreement that allows the tenant the right to purchase the leased property at a predetermined price for a certain period of time. Sellers typically use lease options in slow real estate markets to create additional interest in the property - even a potential buyer without a down payment has the opportunity to eventually become a homeowner.

There are many other benefits to the rental property owner willing to offer a lease with an option to purchase the property. The landlord/seller is often able to sell the property for a value above the current market, and the lease option usually requires a one-time option fee that the seller can keep if the buyer can't exercise the option. Also, the renter/buyer will typically pay a higher monthly rental payment with a lease option because a portion of the payment is applied to the ultimate purchase price. The higher monthly payyments can be beneficial to the owner if the cash flows for the property are currently negative.


Develop a Market Niche

For example, Robert has had success in Las Vegas (of all places!) with smoke free apartments. After a long day at work in a smoke-filled environment, a health-conscious nonsmoking resident doesn't need to have smoke wafting into their rental unit from their neighbour. Although there are additional costs up front in thoroughly cleaning, completely repainting, and installing all new flooring and window coverings, the demand (and thus the occupancy) for these units is high. Rental properties catering to seniors have always been popular, and the demographics clearly support continued attention to this dynamically growing market niche.

According to a recent study by the National Multi Housing Council (NMHC), student housing is also a great opportunity with the "Echo Boomers" (those born between 1976 and 1994) coming of age and going to college in record numbers. Management of student housing can be difficult for the uninitiated, but with the majority of private (and much of the university) housing being 30+ years old, some real estate investors find the market ripe for renovating rental units for the upscale tastes and surprisingly affluent desires of college students. They'd rather have a private rental unit with their own bathroom facilities and a high-speed Internet connection than a traditional dorm.


Maintain and Renovate

The curb appeal or first impression that your property gives is critical to your overall success. Far and away the easiest way to increase cash flow and increase value is to simply clean up and address the deferred maintenance found in most properties. One of the fundamental rules of real estate is simple supply and demand. If your property really stands out and looks much better than comparable properties, then you generate high demand; your rental will stay full at top market rents. That's what cash flow is all about.

Besides the simple deferred maintenance, another great way to increase cash flow (and value) is to renovate the property. The key here is to spend money only on items that enhance the property and provide a quick payback.

For residential rentals, the best return on investment inside the units is found in updating the baths and kitchens. Access control for parking and building entry can also be a positive enhancement in urban areas, because crime is a concern for many tenants. For commercial properties, upgrading dated inteerior common areas with higher-quality materials and fixtures generally offers the greatest return.

One of the most cost-effective ways to increase the aesthetics and curb appeal of any type of property is through landscaping improvements. Often you can simply replace dead plantings. If you want to do more, have your landscaping maintenance firm make suggestions or contact a landscape architect. Be sure to look into the installation of an automated, water-conserving, drip irrigation system.

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Thursday, March 08, 2007

Building a united renters and landlords



Inspired by renters frustration with housing options, Tenantmarket.com resourcefully consolidates pertinent and useful property hunting resources for prospective renters in the state of Austin, TX, Houston, TX, Orlando, FL, Atlanta, GA, San Diego, CA and Dallas, TX. In addition to presenting a host of valuable housing options in an easy-to-use and time-saving format, the site also reflects current news, trends, and a large pool of economic data affecting the market.

We have all had the experience of renting a residential unit from a landlord or property management company at one point in our life. All of your personal details placed under a microscope to determine if you are worthy, but what about the landlord or the management company? Are they fair? For a long time a prospective renter didn't have an easy way of knowing the background of these companies and individuals. That has all changed with the launch of the service TenantMarket.

John Bay of the TenantMarket said: “It is clear to us that landlords and renters basically need to band together to get their voice heard. United we can have some impact. Fragmented we will not.We are committed to developing the type of professional organisation that will best serve our members and the wider private-rented sector”.

The staff at TenantMarket looks forward to helping you during your properties search! Good luck!

http://www.tenantmarket.com


Tag: residential, help, advice, law, news, information, rent, property, let, small, private, advertise, search, building, insurance, discount, events, code, practice, evict, member

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Monday, March 05, 2007

Extate.co.uk Free Real Estate Search Engine



Newly launched Extate.co.uk features several brands that will help home seekers find affordable accommodations fast. Search thousands of property sites with one click. Extate.co.uk has been developed by BytePlay Ltd, a search-technology company, focusing on generic data extraction from the "deep" Web and market leader in providing internet opportunities to businesses and individuals across the UK.

Extate.co.uk features a number of exclusive categories giving properties listing better visibility and making it easier for visitors to find what they want. It is also extremely easy to seek properties, users simply need to key in the keyword then click away and with its 138,243 fantastically fresh search results, the home seekers will get the most comprehensive and the fastest real estate result of all!

The listings will feature details of the properties along with an optional video download for further supporting information if required. Each properties will display their Skype details and liaise with any customers directly. There is no commission taken, there is no cost to seek for home and there is no cost to buy.

Extate: the property search engine was launched in early 2005, as the need arose for a website that aids people in gaining access to the cheapest, high quality properties from all U.K. Extate.co.uk believe that the general public deserves nothing but the best and they are here to lead you to the right way.

Some of the example of the properties listing are Sloane Avenue, Flat in E1, under 500pw with a balcony and 3-4 bed bungalow in South Yorkshire.


Tag: property, properties, real estate, homes for sale, homes, home, search engine, houses for sale, new homes for sale, real estate for sale, real estate listings, find a home, extate, real estate search, leasehold, freehold

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Sunday, March 04, 2007

More great ideas for Real Estate opportunities



Prices are attainable and interest rates are low some call it a Buyers Market/Real Estate Directory. Anyhow now is just the right time to get approved and find the right Real Estate Listings to work with and help you thru the entire process. Sure as we forcast sales and evaluate the market changes over the past year you can buy or you can sell.

Buying a home is an important decision and is typically the biggest investment a person will make. Clearwater Florida Real Estate helps sellers to sell their homes in Clearwater and Florida area specializing in water front homes and condos. Also helps buyers to find their dream home or condo throughout the Utah Real Estate MLS. Its specialty includes homes and condos in Salt Lake City, American Fork, and Bountiful condos, Clearfield, Cottonwood Heights, Draper.


The players in the business of real estate are the bankers, financial institutes, insurance companies, developers/builders and not to forget the end user. The bankers are busy pumping funds in housing loans, which are of course considered low risk - high return investment, real estate funds and financial institutions are making a quick buck while they can, keeping an keen eye on the exit strategy in case of a crash, builders and developers are busy racking in millions with no responsibility or accountability and finally the common man is content with the “feel good factor” that his investment is going to continue rising by a whooping 30-40% annually at least as per the hundreds of articles on the real estate outlook for internet. Reason enough for all with a little extra cash to make an investment. Every one is happy and every one is making money, so why this fuss about safety?

For more information about your dream condos and homes you can visit Real Estate Listings website: http://www.2found.com



Tag: real estate, directory, agent broker, california, online apartments rentals, career, training, commercial, construction, investment, developers, architects, builders, for sale by owner, bank owned auctions, golf land, garden, moving, california, las vegas, alabama, appraisals, foreclosure, bank owned, county info, lender, credit report, agricultural, do it yourself, glossary, find,roommate, corporate housing, legal services, support auctions, discount property listings, international, consultants inspection, time share, spain, australia

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