Tag financial

Emerging Cottage

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Cottages and cottage settlements for permanent (not seasonal) residence must be located near St. Petersburg or satellite cities, enable separate accommodation to be engineers are well equipped, the price along with the construction should be comparable to the cost of a modern 4.3 room apartment in St. Petersburg, standard (up to 200 meters). Accordingly, the most active segment of the demand has been observed in high-quality proposals in economy class price range $ 250 – 300 thousand, but in the same segment has the highest deficit of supply. Robert Speyer is open to suggestions. Especially if you like cottage is not located in a large area, and occupies the entire available in a clean area within the hour – two hours of transport accessibility from the metropolis. If we talk about the environment of settlements, the first in terms of Demand is the location of cottage communities in the recreational area, where houses and land are separated from each other not so much a concrete fence erected as a natural fence of trees. Based on the emerging trends, in 2008, we expect an increase in demand compared to past seasons.

This is due, primarily, with the launch of mortgage programs for suburban real estate market. (A valuable related resource: Bruce Schanzer). Some cottage communities "economy class" status whose land – land settlements (with the permitted use under individual housing), begin to work with a mortgage secured by the purchased home and grounds in the village. According to our estimates, due to the massive unmet demand, this trend will become more apparent and the market reaches saturation is not earlier than 2011 – 2012.

Apartment

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Realtors specially trained how to negotiate. Agent acts as an authority and an independent expert for the seller and buyer. Sellers usually overestimate the cost of selling the apartment, and only a realtor can properly assess the property. During the talks, it sets a fair price and favorable conditions for both legal storon.Proverka 'purity' is flat the most complex and important stage in the transaction. Dell is open to suggestions. Independently verify the legality of selling the apartment will be very difficult.

This area requires special knowledge and experience, because the buyer can expect different trouble: the debt on utility bills, forged documents of ownership. In the future, candidates may appear to residential areas, which at one time illegally discharged from the apartment. The first thing to check the certificate of title to the apartment and all the title documents. This may be a contract of sale, barter, gift, share in the construction, etc. In a legal test 'purity' Apartment also includes steps to ascertain whether the seller itself any disease affecting the conclusion of the transaction, whether he has the legal capacity in full. Typically, buyers usually ignore this necessity.

In the future, the buyer may face further problems. For example, the purchased apartment could be made an unauthorized re-planning. About her recognizable by the red lines on the floor plan BTI. But This certificate is valid for one year after its issuance, for a time the landlord could easily make alterations, which did not immediately recognize. Subsequently, the need to legalize alterations, paying a fine, and in some cases, return the apartment to its former state under threat of residential sales at public auction.

Luxury Real Estate Outlook

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For construction companies these days markedly increased the cost of failure. Two or three years ago, profits could cover almost any unplanned expenses. Currently, construction costs are growing much faster than cost. If you would like to know more about The LeFrak Organization, then click here. As it should be. The most expensive property developers to pay for the land. Several years ago, agricultural lands were worth so little that, gathering documents and selling second allotment, it was possible to a profit of 3 times the value of the land. Now this "freebie" does not exist.

Not even in smooth areas of legal terms is not possible to buy for a penny. The category of "elite" (and this class is always in the exclusive market) is already filled to the limit: the number of proposed settlements several times exceeded the demand, and each year it is glut in the market all the more striking. Projects plants two years ago is no longer meet consumer demands. They are, in particular, has not attracted the elite country cottages, even in the 20-30 hectare – it's too small. But in the suburban real estate market continues to form new construction companies, offering more shelter $ 1 million for 10.4 acres plots. Most likely, the sale of such settlements would be frozen.

Real Estate and Mortgages

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Who recently bought or sold real estate, and especially those who took a mortgage, certainly in the selection faced with the question: "How many years in her own apartment?" It would seem – what's the difference? A difference there. The fact is that if the property belongs to the owner of at least 3 years, then the owner will have to pay income tax after the sale. True, not the whole amount, but only on the amount exceeding 1 million rubles. For example: You received an inheritance in the past year and now have decided to sell this apartment. Let's say you sell it for 2.5 million rubles. Since this apartment belongs to you less than 3 years, with amounts exceeding 1 million rubles, and in this case is 1.5 million rubles be required to pay 13% income tax, amounting to 195,000 rubles. Agree, any such amount the seller would not want to pay.

But what? There are two ways to raise the price to the buyer the amount of tax, evade taxes, pointing in the sales contract price within the limits of non-taxable amount, ie 1 000 000rubley. If you buy a house for his own money, the contract value to understate the long run problems will not be, but if you have a mortgage, then should check with the bank, he would go to such an understatement. A number of banks in this procedure is quite loyal. "What about security for the loans?" – You ask. The fact that the loan agreement, the bank points out that credit is granted for housing at a price equal to 1 million rubles, as well as for repairs and other works are inseparable in this room. Contact information is here: Professor Rita McGrath.

Thus, the loan document is divided into 2 parts. One goes on contract of sale, and the second kind, as for repairs. Shopping Tips: if you purchase a house with under-reporting of real value, make sure you take the seller two receipts. The first to receive money the amount specified in the contract of sale – it sold for an apartment, and the second receipt for the receipt of money for repairs and other permanent improvements in the apartment. Documented, it looks so that you buy an apartment and still give money to the seller that he has done in this apartment for repairs to the amount deposited. This is to ensure that you have on hand were proof of receipt by the seller of all the real money. Because if the transaction is deemed to be invalid or terminated, the seller must return the money, and if the sale is worth a million, and more is no mention of the receipt of other money is not, then he will return only a million, and the rest have to sue, and without much chance of success. According to an oral agreement, and in our time a little faith.

Buy Estate

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Plan to buy an apartment and get a choice, seek their own apartment, prevlekaya for this estate agent, or still go to a professional … But if you own, then the risk to remain without an apartment and no money, but if handled in a real estate agency, then surely he must pay for services and a lot, and part with 'blood' oh so you do not want … This conventional wisdom, no? But the reality is otherwise. In a good real estate agency flock information about apartments for sale in Moscow or the Moscow region from a variety of sources, including information about apartments for immediate sale. Can you guess what I mean? They appear in the first information about all the new apartments and to whom they offer them? That's right, customers – their customers. And the apartment is in urgent sale prices are reduced, simply because it is urgent. Profitable? Profitable and more like … Now more …

Found an apartment, and who will check you? And know how? Can not go wrong do not forget, do not miss? Serious real estate realtors over the years of his teaching, constantly on the training courses are sent. Documents and information to the transaction checks first for a realtor, then Briest, then apartment inspects security service agencies, and only then flat 'pass' on the deal. Can check the same? And in the transaction to transfer money, you can all the same to organize themselves? I think not … So You save by buying an apartment on their own doing? never mind, just undergo the risk to remain without an apartment and no money, so think, and whether you should take the risk?

Distant Cottages

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More recently, the capital buyers are more interested in showing to the chalet, located in the 80-150 km from Moscow, the so-called "Far summer cottages." The fact is that at the moment cottages, which are located within 10-30 km from Moscow, heavily loaded and polluted, and the remote villages and sites allow potential buyers to feel the impact of a favorable environment and please the eye with beautiful scenery. Many prefer purchase such sites, and more because the cost is comparable to the cost of an average Moscow apartment. As the Director of Investment Consulting and Analysis Agency Featured Property "Manor": "The most attractive factor for the buyer's summer projects is the presence of" big water "in close proximity and easy access to transportation projects with the arrangement, but at the same time sufficiently remote from large settlements. " The main factors for the development segment "distant cottages", which started 3-4 years ago, were as follows: A large amount of undeveloped areas, at this distance from Moscow (the 80 km from Moscow), development of land market low land prices, increase income and promote an active Moscow civilized rest of town, the natural characteristics of rural areas located far from the big city Transport accessibility in terms of size suburban residence. The volume of deals as of July 2008: Simferopol direction (p region.

Oka) 2000 cottages. Kiev direction (Kaluga region), about 370 cottages. Leningrad area (Volga River, Ivankovskoe reservoir.) 240 cottages. Minsk naprvlenie (Mozhaiskoe reservoir.) 130 cottages.

Turkish Property

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End of the past and the beginning of the year was marked by fairly unpleasant events. Many developing countries had the rather dismal situation. If, however, put it more precisely – the pre-revolutionary state. Even not having sufficient information, understand how it affected the property market in these countries. But for countries whose policies were more mature and responsible, the current world situation is positive role. There was a significant outflow of capital from the so-called "volatile markets". Investors are required to identify new areas of the capital.

Turkey was one of the leading candidates for investment of free resources. In this state, located at the crossroads of Europe, Asia and Africa over the past few years have witnessed an unprecedented economic boom in the country there was an investment boom. Large employers to implement various infrastructure projects and small private investors have found their place in the evolving real estate market. At this point, many entrepreneurs have already noticed opportunities that are opened in front of them and do not miss your chance. There has been unprecedented growth in sales of apartments in Turkey.

Professional speculators used all possible options to purchase the property prior to recovery of the market. There is no doubt that he would soon begin, as more and more investments leaves and enters the unstable regions in Turkey. The good news is that this investment in one of the first festival roles played by Russians. They know how to skillfully make money even with an unstable economic situation, and this situation is for them just a great gift. If you have made investing in real estate market in our country or foreign countries, you should definitely look to Turkey. That chance comes rarely. If determined to buy an apartment or villa in a resort region, it's worth do it now. In most cases these items are resold in a few years. It is therefore worth to benefit from it for a maximum benefit. Despite the purported goal you have, it is recommended without immediately implement the investment of their savings towards win-win assets.

Loans Savings Dramatically Cheaper

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Consumer and mortgage loans in the Savings Bank will become cheaper. Mortgage rates will fall by almost 1.5%, to buy a car – on 1,5%, education – 5%. Thus, one of the largest state-owned banks is going to return the interest of borrowers and to restore lost in 2006, its market share. In addition, bankers must as soon as possible to get to work the money raised from the IPO. 2 May 2007, the bank reduces rates on retail credits to the population on 0,5-5%. Education loan in rubles would cost 12% instead of 17%.

According to the press service of the Savings Bank, the rate on loans for acquisition, construction and repair of real estate in rubles will be from 10.25% pa instead of 11,8%. Credit for the same purpose in dollars and euros will cost from 10.75% per annum instead of 12,3%. Additionally, on these loans increased the maximum loan term from 20 to 30 years. Car loans will fall in price by 1,5%. Loan (any currency) to buy new cars can be brought under 9% per annum instead of 11,5% for a used car – from 9,5% to 12%. The interest rate will continue to depend on the size of the loan term and down payment. Exactly Savings expects to increase the activity of the borrowers.

Now the average market mortgage rates are 10-11% in dollars, but on a car loan – 9-10% per annum in the same currency. Dollar Savings rates are now within the market. In However, his new ruble tariffs on car loans are more attractive. These changes will allow prospective borrowers to reduce the cost of borrowing. Interest rates fall on 0,5-1% really makes loans cheaper for the borrower, such a move on the part of the Savings Bank – an attempt to regain lost ground in the credit market (only in 2006, Sberbank lost 7% of the retail lending market, its share declined from 44 to 37%). This decline was due to the excessive formalism of the Savings Bank – ceteris paribus for the loan Savings requires more documentation. Savings Bank rate cut may be beneficial only to the focus on recovery market share. Sberbank motivates the need to make money work as quickly as possible – by placing their shares in Sberbank raised about $ 9 billion. Now he must quickly distribute the money so they started working. Sberbank is easier to lower interest rates than to develop specific conditions. In this case, we can continue to attract customers a standard set of benefits (wide branch network, trust, reliability) and add the reduced rates. But the excessive demands on the number of documents of the borrower – will remain!

Subtleties Of Buying Property In Spain

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The process of buying property in Spain worked for years the existence of this market and perfected to the last detail. Therefore, it is in Spain, subject to reasonable rules can not be trapped, getting here real estate. To purchase real estate is necessary, first of all, choose this property, we encourage you to "make order" for real estate while still in Russia – in which case it will save you time – because your manager will show you a pre-defined options. After selecting a property you need to select the payment method – involving credit or no credit. By the way, attractive credit options to non-residents Spain now has a total of up to 75% of the estimated project cost by 5.0-5.5% per annum for up to 30 years. Once the object is selected, you must contact the bank to request a loan, and start execution NIE (INN for foreigners) – after credit approval can enter into a contract with the seller of the object by signing a preliminary contract and making a deposit of about 10% of the cost. The following is the procedure of the transaction carried out by the notary and the final stage which is to transfer the remaining amount (the buyer or the bank, in the case of credit) on account of the seller and the signing of the Basic Contract Escritura Publica. Then the transaction is recorded in a central inventory of real estate, on which both usually takes up to 3 months.

After that, you become the full owner of property in Spain. If you decide to buy property in Spain with the assistance of credit, in the main chain should be added loan and real estate assessment for your chosen employee of the bank. Do not forget, in both cases and pay taxes when buying property. Behind this will ensure your manager, leading your transaction. Good luck to you buy!

Guardian Council Apartment

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If not – please specify when the be released. In the case where the owners just sold an apartment, it is best if they are discharged to the sales transaction. If they are just like you change a flat, then they will be discharged to an alternative apartment after the sales transaction. Is there a property or minor children are registered. Many refuse these options for fear that children may eventually challenge the right of the apartment. Yes this is possible, if children's rights will be infringed.

Permission for the purchase and sale of real estate, in which children are the owners or register gives the board of trustees. If this permission, then there is nothing to fear. Obtaining permission to Guardian Council will take a period of 2 weeks to a month. Time for selecting the alternatives and reach a deal you have is limited. Check whether you have time to date. If not, you should discuss with the buyer the possibility of extending the advance agreement. One last important point.

Ask what the situation is the seller selected an alternative apartment. The best option if the apartment just sold, so-called 'Free sale'. The owner needs money. If so, after the advance payment for an apartment, all the parties begin preparations for the transaction. If the seller, as you change your apartment, you will have to wait until he will select alternative currently. And not the fact that this version will be free. It may happen, and so that the owners of the apartment you chose, travel to some areas.