Overseas firm to take Indian real estate investors abroad – Thaindian.com

Overseas firm to take Indian real estate investors abroad – Thaindian.com
Kolkata, Oct 26 (IANS) Real estate investors in India have reasons to be happy as very soon they can invest in properties abroad with the help of a consultant. Castlewood Investment Properties, one of the largest real estate developers in Europe and

Agents claim closed AllPro owes money – Salt Lake Tribune
AllPro Realty Group, one of Utah’s largest real estate companies, is closing its doors – and two agents worry the business will stiff them out of their commissions. Libby Wilson, a Draper agent who says she is owed $9,000, alleges AllPro executives

The Sea Isle City Real Estate Market Has Changed

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As you may or may not be aware, the real estate market in Sea Isle City, New Jersey has changed over the past several months. What have been many good years of double digit appreciation, has now slowed down significantly. For over half of a decade, sellers have been able to cash in on their properties with profits that were unheard of. Everything was wonderful for anyone who owned a property in Sea Isle.

The situation is still good for property owners, if you take the right steps and keep the right frame of mind. If you are considering selling your Sea Isle property and have owned it for more than a few years, you can still cash in and make a large profit. The key is to educate yourself on the current set of properties for sale in Sea Isle City and what has sold recently. You should keep an eye out on all similar properties that have recently been sold, or put on the market for sale. By doing this, you will stay familiar with what the real estate market is doing so when you are ready to sell, your awareness will help you pick a realistic price to sell your home for.

Right now there are approximately three hundred properties listed for sale in Sea Isle. The inventory is high. The prices have risen over the past years to an all time high, which is great for everyone but the buyers. Because of the escalating prices, our margin of qualified buyers has lessened, therefore creating more properties available for sale than there are buyers.

It is only human nature for owners to expect their properties to be worth more each and every year. I own a property myself, and that is what I want and expect. The properties have been on a steady increase since 1994, and have skyrocketed for the past seven years. If you purchased a property in 1998 and it was on a full size lot, the chances are that your property has at least doubled, if not tripled in the past seven years. That is a fantastic return on your investment.

If you are ready to sell your Sea Isle property, the thing to remember is not to be concerned about what it would have sold for six months or a year ago, but what you purchased the property for and what you can sell it for right now. Figure out your profit and you will be very pleased with the outcome.

About the Author

Joe Prato is a real estate agent working in Sea Isle City and Cape May County, NJ. He has written a series of guides to help you plan your next Jersey Shore vacation. His website, provides tools to help locate a summer rental or vacation home in Sea Isle City.

Real Estate Value

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What is real estate value? It isn’t what you have into your house. It isn’t what you feel it is worth. It is what the market will pay. How do you figure out what the market will pay? For single family homes, the best way is by seeing what similar homes have sold for.

Figuring replacement cost isn’t very useful. It’s difficult to say what land is worth in a city center where none is left for sale, for example, and tough to gauge depreciation of the home itself. Valuation from replacement cost is used as a secondary method, and for unique homes that can’t be compared easily with others. However, the primary method of real estate appraisal used for homes is a market analysis using comparable sales.

Real Estate Value 101

First find at least three similar homes in the same area that have sold within the last year, and preferably within the last six months. You can find this information is in county records (sometimes online now), or from a real estate agent with access to the multiple listing service. Make sure you have the basic sales information: sales price, terms of sale, description of the property, etc.

Here is how you use this information to find real estate value. Write down the selling price of your first comparable. Review the description item by item, adding to the sales price of the comparable for each thing it doesn’t have that your subject home has, and subtracting for each thing it has that your subject home doesn’t have.

This sounds confusing, but it will make sense once you try it a couple times. For example, if your subject home has a second bathroom, and the a comparable doesn’t, you add the value of the bathroom to the sales price of the comparable. If a comparable home has a blacktop driveway, and the subject home doesn’t, you take the value away. What you are doing is rectifying differences, to see what the comparable home WOULD have sold for if it was just like yours. Suppose a comparable sold for $140,000, with one less bathroom than your subject home, and a bathroom is worth $15,000 in your area (ask a real estate agent for help with these figures). You ADD $15,000 for the bathroom it doesn’t have. You subtract, say $4,000, for the paved driveway it does have, that your home doesn’t have. $140,000 plus $15,000, minus $4,000 gives you a comparable sales price of $151,000.

Do this with all differences between the subject home and each comparable. Once done, average the three comparable prices. If, for example, the three comparables now have adjusted sales prices of $151,000, 162,000, and 149,000, add the three figures and divide by three. The indicated value of the home is $154,000.

All appraisal is an inexact science. You might only find comparables sold over a year ago, and have to estimate appreciation in the area. If a comparable sold with seller financing, you have to decide how much this affected the price. Still, for all of it’s flaws, for single family homes this is the most accurate method for finding true real estate value.

About the Author

Steve Gillman has invested in real estate for years. To learn more, get a free real estate investing course, and see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com