Things to look while investing in an old property

June 09, 2013  //  Posted by: Property Owner  //  Category: Property assessment

investing in old propertyIf you are thinking to invest in a used or an old property, then there are things that you should take care off. By looking into these points you can easily decide on whether the deal will be a profitable one or not. So before signing into the deal make sure that you look into the following points.

  • At first the condition of the property that you are investing must be checked. If the condition of the property is not good that would mean you might need to repair it. Thus the expenditure of repairing will increase your cost of the property.
  • The market value of the property must be checked before making the deal. It will give you a fair idea about the cost of the property.
  • The market pattern of the area must be read thoroughly so that you get a good idea on whether it is a good time to invest your money in.

By keeping a check on these points you can make sure that you will have a good bargain in your deal.

Benefits of hiring property Management Company

August 12, 2012  //  Posted by: Property Owner  //  Category: Property assessment

Hire a property management company, property tipsIf you are in charge, or if you own property, or if you have given out the place on rent you have two choices. Since you have to look after the security and maintenance matters of the place you can either take the responsibility of the place yourself or you can hire a property management company to do the job, there are many benefits of hiring such a company for the job.

Sometimes it may so happen that you live far from the property and it becomes difficult for you to take care and look after the property. That’s where you can make use of the services of a property management company the most. Also if you run into problems with the tenants, then it’s better to let professionals handle the matter. Also one more reason to make use of this company is when you have more than one property to look after.

What is property disclosure statement?

July 27, 2012  //  Posted by: Property Owner  //  Category: Property assessment

Property Disclosure Statement, property tipsIf you have been trying to buy yourself a home or even sell it, then you have probably come across a document called a Property Disclosure Statement. The reason why the Property Disclosure Statement is used is so that the seller can state all the necessary aspects regarding his property that the seller should essentially know before the buying transactions are processed.

Property Disclosure Statement is very essential requirement while purchasing a property because without one the dealing process can turn disastrous. The Property Disclosure Statement covers all the defects that the property could contain and is distinctly divide into two variants. One of it is a patent defect, which is any sort of defect that can easily come to notice while viewing the property. An example of patent defect would be a broken window or a dismantled door. In these cases the buyer cannot come back to the seller to complain as he is accepting to buy the property knowing the existing damage.

Loan reconstructing in commercial property

May 12, 2012  //  Posted by: Property Owner  //  Category: Property assessment

Loan reconstructingA loan reconstruction in commercial property is also commercial loan modification. Commercial loan modification can be easily defined and described as the procedure of offering for either a temporary or a permanent alteration in one or more than one of the terms of a loan or debt requirement, obligation or burden because of some type of economic or financial crisis which is affecting the debtor in the present moment.

Banks, other financial organizations and commercial lenders have approved to reconstruct the loans and debts provided by them due to the rising number of defaults. By reconstructing them they can atleast try and minimize their losses without facing any costly foreclosure process or incurring huge losses if their debtors are not able to pay the amount they have taken as a loan. By modifying or reconstructing a commercial loan property owners can stay away from foreclosure and at the same time reduce their monthly payment to a great extent.

A step by step guide to flipping properties

May 10, 2012  //  Posted by: Property Owner  //  Category: Property assessment

Property flipping, propertyFlipping properties is one of the ways of earning a huge amount of cash in a very small amount of time. It is a thing that is being practised by many professionals. If flipping is done in an orderly manner you can gain a lot of money easily. The basic means of flipping is buying and selling of properties.

For flipping you will need to act patiently and look for the best deals in town. Before finding the property make sure that the economy of that area is in a stable condition and so buying the desired property will be safe in such places. For finding out good deals you need to contact the real estate agents in that area. After buying the property of your desires you will need to list the property for sale and look for the customers. Flipping requires you to be really fast in making decisions. If you fail to make a decision in the right time that would mean that you lose huge sum of money. Thus, following these steps would help you in gaining profits from flipping properties.

Importance of home inspection

May 04, 2012  //  Posted by: Property Owner  //  Category: Property assessment

Home inspection, home maintenanceIn order to keep up the value of your property you must inspect your home and the property regularly. The home is yours and the sense of belonging you have with your home, no one else will have the same sense of belonging for your home. So it doesn’t matter how much you pay an individual, he may not inspect your home properly and some major faults may be left unnoticed. But if you yourself go on inspecting, you will do that carefully and all the major faults will be seen and before your home’s longevity decreases you can arrange for the repairing of your home.

Initially the repairing work may cost less. But if not noticed at the proper time, a small defect may take a big shape and may cause severe harm to the home in the future. Thus you should be very careful while inspecting you home. You should be well accustomed with the spheres and areas where you should do proper inspection.

Real estate appraisal vs assessment

April 21, 2012  //  Posted by: Property Owner  //  Category: Property assessment

It cannot be denied that several people often confuse appraisals with assessments. When the city administrator or the assessor’s office impose value on a particular property of the city, with the aim to measure its tax amounts then it is called assessment. A team is generally appointed for this kind of work who interview the owner of the properties and the properties are assesses in a period of almost 12 months gaping. On the other hand when the appraiser writes a report regarding the value of any property then it is called an appraisal.

While making their reports the appraisers generally combine two kinds of approaches in which one is cost approach and the other one is market approach. The appraisals are written mostly when there is a need for refinance of a company or merchandise. But the appraised value may not be similar with the assessed value studied for a market activity.

A review of the Bend Oregon real estate

April 19, 2012  //  Posted by: Property Owner  //  Category: Property assessment

Bend Oregon real estateThe scenery of Bend Oregon is quite famous and so are the opportunities of recreation, life quality and tourism. Apart from this, the economy of this place has embraced entrepreneurship and technology. A market that is focused has been created for the modern homes, which makes a combination of efficient energy and comfort and style. In the market of real estate of Bend Oregon, many buildings are represented by the famous Garner Group.

The natural resources have been planned and stewarded by the Northwest Crossing in this region. More and more homes of great quality are being constructed by the builders that have combinations of concepts of green building and architecture of the traditional style. These builders are ethical enough to follow the strict guidelines regarding agriculture. Many homes in this area can boast of a neighborhood surrounded by pine trees in the area of the Shevlin Pines. Therefore, the real estate of Bend Oregon is quite sought after.