Monthly Archives: January 2017

This 5 Tips in Buying Real Estate

Cebu Real Estate continues to stand proud of its booming real estate development which great success by leaps and bounds as compared to any city or area in the Philippines today. While Cebu continues to enjoy a robust real estate industry, it is important that buyers need to be well educated in order to make the most out of the real estate market.
These top ten tips to buying real estate will help you enter into your next real estate transaction with confidence.

TIP #1: Contact the right Agent or Real Estate Broker

Contacting the right Real Estate Agent or broker is invaluable. In Cebu or even in the Philippines, you need not hire an agent or broker but just contact them and they are more than willing to help you find the property your are looking for in a manner as if you are hiring and paying for them. The small percentage of income from sellers/developers is already substantial for them that they no longer impose commissions from buyers.
If you are unfamiliar with the area, the realtor you choose is your link to important information regarding schools, zoning, city and county regulations, neighborhood trends, building and remodeling and rental restrictions, and property values.
Every city has different laws governing what can and can’t be done with a property.
You can find an agent or broker from friends or associates, directories, housing exhibits on shopping malls and nonetheless, the internet. It is important that you have a background of your prospective agent or broker and seek initial contact to find out if he can possibly do business with you in helping you find the property best suited for you.

TIP #2: Pre-qualify for Financing

Pre-qualifying for a loan may not seem that important until you find your perfect paradise property. When a property is priced to sell, it will usually attract more than one buyer. Once a seller receives an offer, the two most important things they consider are …the price, and the contingencies. For some sellers, a contract contingent on the buyer obtaining financing makes them uncomfortable with the offer.

Eliminate any doubt in the mind of a seller, by pre-qualifying for the amount you may spend on the purchase of any property.
This is especially important if your dream property suddenly has a price reduction.
When this occurs other buyers might come into the picture, that didn’t look at that property before it went “On Sale”! Often times a seller will take a financially sold contract over a higher offer. Be ready to put a deal together!

TIP #3: Consider the “best location” suited to your needs and situation.

“Location, location, location”, while overused as a real estate phrase, is still and always should be a huge consideration to you as the buyer.
If something about the location of a property bothers you, be aware that the same location drawback will bother any buyer you hope to attract when and if you need to resell the property. It’s important to ask a lot of questions, but often times it is difficult to know the right questions to ask if you are unfamiliar with the community.
This is why it is so valuable to choose and hire the right real estate agent to represent your interests when buying a property.
You will have to consider the areas that you need to be frequent such as your place of work, the school of the children, distance to malls for your groceries, and consideration also for churches and contingencies such as hospitals in times of emergencies.
More often, the desired location commands a higher price and the less desired are almost always affordable.
The important thing is to strike a balance between affordability and location as it is most of the time extremely difficult to get the best of both worlds.

TIP #4: Get a Home Inspection

Obtaining an inspection report performed by a licensed professional building inspector of your choice, can protect you from many defects that are hidden from view.
Why gamble with such a large financial investment?
Let a professional building inspector point out areas to be fixed or replaced that aren’t obvious.
A good inspector will give you a lengthy report covering all systems in the home from electrical, to plumbing, to roof conditions, and structural concerns.
Once you receive a report you may begin negotiations again concerning repairs.
Often a seller will agree to make necessary repairs up to a specified financial amount. When a seller lists their property “as is” they are letting you know that they are not willing to fix or replace any part of the property.
If you are interested in an “as is” property and aren’t going to level the structure and build new, it is still in your best interest to obtain an inspection report.
Don’t rely on the building inspector to look for termites and other harmful pest problems. Although an inspector will see pest damage, it is best to have a separate termite inspection conducted by a licensed company that understands pests and can eliminate them.

TIP #5: Obtain a Survey

Surveys will show easements, encroachments, and boundary lines of a property.
By surveying a home in an established neighborhood you are assured that the property boundary lines have been maintained.
As homeowners add on the their properties over time with fences, sheds, docks, garages, and other structures, boundary lines can be crossed placing part of their structure on your property, or vice versa. Surveying vacant land is also important for same reasons as a home, plus a survey will help determine the size home, or amount of coverage the lot will allow.

Information Decoding A Property Management Contract

Hiring a reputed property management company can be beneficial and time saving for land owners. However, it is advisable to sign a contract deal with the chosen management company only after reading the contract details in a careful manner. If you have approached a Milton property management firm, then make sure you go through the contract with a fine-tooth comb. You should be aware of the kind of services you may receive, the subsequent costs incurred by you and the rights that can be exercised by you during the contract period.

Be it for your Hamilton property management land contract or some other location in Canada, irrespective of your property location you enjoy certain rights and privileges as a landlord. Not reading the contract fully can prove to be a costly mistake. Any business contract is designed so as to clear all sorts of doubts and form a bond of mutual understanding between two or more persons. It also helps to map the future course of action in case of any dispute or misunderstanding between the parties concerned.

Dos and don’ts for reading a property management contract and not ruling it out as a difficult or unpleasant task:

Do not let the outer glamour and popularity of the management company mislead you and thus make you careless or less attentive when going through the terms of the contract.

The small and fine print of a contact can be difficult or cumbersome to read thoroughly, but you have to read everything to understand things such as property management yearly fees, and the total number of services offered by them.

You should also read the contract to dispel doubts and request the company executives to clarify specific points that is unclear.

Ask the contract copy immediately after the first or second meeting. Do not make the mistake of waiting till the end to ask for the contract to be signed off in a hurried manner.

In fact, you can get a contract copy from every management company that you have selected for interview purposes. This can help you get an unmistakable picture of the services offered by multiple companies.

Breaking down the legal complexities of a property management contract

Contracts written in a professional manner is usually filled with complex legal words and phrases. You need to decipher their meanings and cut across them to be able to read about the primary features of the company. Dealing with property management contracts leaves plenty of room for changes and additions. For instance, while fine reading a contract that is associated with Oakville property management firm, you can get your lawyer to interpret the contract for your understanding, so that you do not miss out on important clauses.

A reputed and fairly popular property management firm can be your best partner and bring you profitable returns. A dedicated and hardworking property manager can make critical and timely decisions directly on your behalf. Therefore, studying the contract details is an important step towards hiring one of the finest property management firms in Canada.

Some Real Estate Tips That Will Prove to Be the Confidence

Real estate tips are useful when you are exploring the many different opportunities in the real estate industry. Tips are good for both buying your first home and or becoming an investor within the rental industry. In order to make the best investment you’ll need to align yourself with the appropriate information to help qualify the choices you make.

There are so many different areas within the real estate market where one can find their niche and financial success. In order to accomplish this you must first get clear about where your passion lies as this will allow you to align yourself with the right sources. Finding a mentor or professional who is living the experience you want to acquire for yourself is a smart business move.

Finding an agent that makes you feel like they have your best interest at the forefront of their mind is a requirement for the success of the process. You can measure their level of dedication by how well they listen to your needs; and how that translates into the properties they want you to view.

A strong real estate professional will not only have an interest in the type of home you are looking for; but they will also inquire about the environment you want. This is a very big deal and no portion of it should be taken lightly as it will serve as the foundation on which you will live your life. Take your time is making a hasty and compromising decision could lead to unfavorable circumstances.

The same guidelines holds true for anyone interested in the investment aspect of the real estate industry as someone who is looking to purchase a home to live in. It is vital that you put yourself in your potential renter’s shoes and ask yourself if you would want to rent the property. You want to challenge yourself to purchase properties that are appropriate for the market you intend to serve.

Being an investor will also call for you to consider how you want to manage the properties you’ve acquired. There are a number of reputable property management companies that can help you both screen and maintain the grounds on a monthly basis for a small fee. Once again it is important to assess your level of commitment to the process and to only take on the responsibility for aspects of it you will follow through on.

Having a system where you are able to screen your candidates is vital. A potential renters credit history alongside their rental patterns will help you choose responsible people. While this may be a headache for you to take on under your own there are professional services that can streamline the process for you.

Real estate tips are a great resource when they speak to the aspect of the industry you are interested in. They can help you both avoid making costly mistakes and find the level of confidence you require to make the right choices. Getting the best information can be easily attained by aligning yourself with like minded people.

This Residential Block Management Services

Many house builders are now leading the way by building more efficient homes and creating sustainable communities. We therefore realise how important it is to be alert and knowledgeable about eco-friendly build products and methods.Our commitment is to use our knowledge to advise our clients on best practice and in doing so improve the management of eco-systems for the long term.
We are also looking at ways to introduce greater sustainability into the management of our existing developments by examining recycling opportunities and ways of reducing power and fuel consumption.Asset maintenance is one of our core responsibilities, regular maintenance schedules keep technology such as biomass boilers, Communal Heating, HVAC systems, and renewable energy all working at maximum efficiency throughout its life time.Reducing energy is a pre-requisite with any large scale planning application; not only does this minimise the effect the development has on the environment but also has cost benefits for the residents.
‘Green Technology’ can be found throughout Trinity’s portfolio including; green roofs, solar panels, Photovoltaics, Biomass boilers, and rainwater harvesting.TechnologyStudies show residents attitude towards sustainability can have a direct effect on the environment; fully aware of this Trinity tries to encourage good practice where possible. Recycling being the most obvious. We also promote our paperless mail to reduce our own environmental impact.
With the emergence of electric cars Trinity has move with the times. Electric car charging points are now the norm often working hard to accommodate retrospective fittings whilst also maintaining new installations. Developers are also finding more and more ways to encourage sustainable living, such as the car club scheme at Reflections, Romford; a car-sharing initiative which enables residents to access their own transport without the expense and inconvenience of running a vehicle.Provision of amenity and recreational space is a key element to providing vitality in any development.
Part of Trinity’s responsibility is to maintain and ensure the up-keep of these public open spaces often including Play areas, outdoor gyms, water features, wildlife habitats, woodland walks, and community centres.Providing Residential Block Management services to Developers, Landlords and Right to Manage CompaniesAt Trinity, our teams are trained to the highest level and are members of a number of professional bodies to ensure all of our services are delivered effectively.
These include the Institute of Residential Property Management (IRPM), The Royal Institution of Chartered Surveyors (RICS), The Association of Accounting Technicians (AAT)Trinity will assist you at all stages of your development process, providing expert advice and guidance ensuring the smooth transition to our management of your developmentTrinity provide a professional and responsive management service and recognise the importance of cost-effective service delivery If your current managing agent is not communicating with you or providing a satisfactory service, explore how Trinity can assist in managing your property
Recent changes to health and safety legislation has dramatically altered the way in which residential estate management agents, freehold landlords and property management companies should go about their business. Fire Certificates have been made redundant and for some time now it has been the duty of the freeholder to show that it has carried out the necessary checks or risk assessments required under the new laws. Freehold and leasehold management companies must also demonstrate that recommendations or compliance procedures have been properly actioned in compliance with statutory legislation.
Increasingly many residential freehold and leasehold property management companies are employing specialist property managing agents to help manage their blocks of flats and apartments. However many others are resolutely sticking to their guns and continuing to manage their properties themselves.
So what makes them so sure they can?If you’re looking for a guaranteed salary, plus the right to earn further commission and services income, a Management Rights Business may be the way to go. It offers a great life style, a return on your investment and good resale potential. It really is the ultimate home business.When investing in property, one of the main measurements of success should be how much better the property you have bought has performed versus national and local averages of someone that just bought a property for a home.
Successful buy to let investors should be able to…An insight into the true value of Sinking Fund Plans when completed by the appropriate professional. This article explores the stages and key skills required when preparing such a forecast. Sinking Fund Forecasts are now a mandated piece of Legislation in New South Wales for all Strata Scheme buildings.Commonhold is a much misunderstood for of real estate and property tenure. Is it worth converting your leasehold block? How popular is it? How easy is it to do. Read on and find out if you are an apartment or flat owner.