Archive for the ‘Rental Properties’ Category

TOP FIVE REASONS TO OWN A PROPERTY REAL ESTATE BUSINESS IN NIGERIA

“TOP FIVE REASONS TO OWN A PROPERTY IN NIGERIA”

The Nigerian Real Estate Market is yet to be fully tapped and for the few investors already in it they are well to do. This is because the sector is yet to be fully tapped into. Population Explosion- Nigeria has a population of over 140million people as at the last census exercise in 2006. This simply equals to a large demand for shelter across the nation, and most especially in the commercial areas of the country.  E.g. Lagos, Abuja, Port Harcourt, Aba and Onitsha. The Federal and Disorder Governments of Nigeria have got a small impact and contribution in providing homes and shelters for their citizens. This has made a large vacuum in the Real Estate sector, so huge a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in each 100k people live in government owned houses. Demand over Supply- vacant by the number of people currently based in Nigeria and the number of new businesses on the increase in the country it is imperative to say that the demand for both Residential and Commercial Accommodation has shot up 100% and together with.  The Fifth Reason why you should own a property in Nigeria- is for you to be play a role in filling the large gap in the sector. There is no asking if it’s a sure and viable area to invest, this sector is yearning for both small and large scale investment. And returns on investment is guaranteed 100%. check our website for property listings WWW.FSBO-HOME.BIZ/1933

 

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Alpine, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Alpine is a community situated in the eastern region of San Diego County within the disorder of California. There are approximately 19,227 residents in this Zip code (91901) and 6,597 households. The median age of residents is 38.92 years.

TEMPERATURE

The temperature in Alpine is relatively moderate. The warmest time of year occurs in August during which temperatures reach an mean high of 76°F. The coldest time of year occurs in January with mean temperatures diminishing to 54°F.

HOME AND REAL ESTATE PRICES

The housing options in Alpine include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the low 0,000s.

·Two bedroom townhouse/condominium start in the low 0,000s.

·Three bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom single-family homes start in the mid 0,000s.

·Three bedroom single-family homes start in the mid 0,000s.

·Four bedroom single-family homes start in the high 0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes in June 2006 was 7,500, which represents a 10.2% decline from the previous year. The number of homes sold in June 2006 was 17, which was down 37% from the previous year.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

Bonita, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Bonita is situated in the southern region of San Diego County within the disorder of California. There are approximately 18,396 residents in this Zip code (91902) and 5,986 households. The median age of residents is 40.45 years.

TEMPERATURE

The temperature in Bonita is relatively moderate. The warmest time of year occurs in July during which temperatures reach an mean high of 70°F. The coldest time of year occurs in January with mean temperatures diminishing to 57° F.

HOME AND REAL ESTATE PRICES

The housing options in Bonita include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom townhouse/condominium start in the low 0,000s.

·Three bedroom townhouse/condominium start in the low 0,000s.

·Two bedroom single-family homes start in the high 0,000s.

·Three bedroom single-family homes start in the mid 0,000s.

·Four bedroom single-family homes start in the low 0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from 9,990 in June 2005 to 2,500 in June 2006, which represents a 7.9% decline. But, more homes sold in June 2006 (20 homes) than in June 2005 (7 homes). The mean time to sell a home increased slightly from 68 days in June 2005 to 69 days in June 2006. The ratio between the asking price to the sales price increased over the past 12 months. On mean, sellers obtained 93.6% of their asking price in June 2005, and 94.5% of their asking price in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

Carlsbad, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Carlsbad is situated in the northern coastal part of San Diego County within the disorder of California. There are approximately 87,540 residents in this community and 34,052 households. The median age of residents is 38.89 years.

TEMPERATURE

The temperature in Carlsbad is relatively moderate. The warmest time of year occurs in July during which temperatures reach an mean high of 69. The coldest time of year occurs in December with mean temperatures diminishing to 55F.

HOME AND REAL ESTATE PRICES

The housing options in Carlsbad include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom townhouse/condominium start in the high 0,000s.

·Three bedroom townhouse/condominium start in the high 0,000s.

·Two bedroom single-family homes start in the mid 0,000s.

·Three bedroom single-family homes start in the high 0,000s.

·Four bedroom single-family homes start in the mid 0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from 3,900 in June 2005 to 9,900 in June 2006, which represents a 4.3% decline. Fewer more homes sold in June 2006 (49 homes) than in June 2005 (95 homes). The mean time to sell a home increased from 39 days in June 2005 to 58 days in June 2006.

The median price of condominiums and townhomes decreased from 1,000 in June 2005 to 4,500 in June 2006, which represents a 9.7% decline. Fewer units sold in June 2006 (36 units) than in June 2005 (84 units). The mean time to sell a unit increased from 43 days in June 2005 to 58 days in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

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Carmel Valley, San Diego, Real Estate Market Trends, School & Community Information, August 2006

COMMUNITY INFORMATION

Carmel Valley is a master-plotted community located in northern San Diego County within the disorder of California. The community of Carmel Valley within San Diego is not to be baffled with the Carmel Valley region in Northern California.

Carmel Valley lies within the 92130 Zip Code. There are approximately 34,471 residents in this Zip code and 12,387 households. The median age of the population is 35.16 years.

TEMPERATURE

The temperature in Carmel Valley is relatively moderate. The warmest time of year occurs in August during which temperatures reach an mean high of 72°F. The coldest time of year occurs in December with mean temperatures diminishing to 56° F.

HOME AND REAL ESTATE PRICES

The housing options in Carmel Valley include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse / condo starts in the high 0,000s

·Two bedroom townhouse / condo starts in the high 0,000s.

·Three bedroom townhouse / condo starts in the low 0,000s

·Three bedroom single-family house starts in high 0,000s

·Four bedroom single-family home starts in low 0,000s

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes reached ,080,000 in June 2006, which was a 13.74% increase over June 2005. In contrast, the median price of condominiums and townhomes decreased to 0,000, which was a 7.2 decline from the year before.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

SCHOOL INFORMATION

There are two School Districts that serve residents of Carmel Valley. The Solana Beach School District covers the elementary schools in the northern part of Carmel Valley, and the Del Mar Union School District covers the southern region.

Students in Carmel Valley schools undergo annual hard to evaluate their academic performance. The results of these tests are collective by the California Department of Education into a composite score known as the Academic Performance Index (API), which has a array of 200 to 1000. The statewide goal for schools is to achieve a score of 800 or above.

Based on the most recent data unfilled as of July 31, 2006, the highest-ranking elementary school in the Carmel Valley area was Sage Canyon Elementary (API = 963), followed by Torrey Hills School (API=950), Carmel Creek Elementary

(API=946), Solana Pacific Elementary (API=945), Ashley Falls Elementary (API=943), and Carmel Del Mar Elementary (API=917). Carmel Valley Middle School earned an API of 931. For high schools, Canyon Crest Institution had an API=842, and Torrey Pine High had an API =821.

Chula Vista, San Diego, Real Estate Market Trends and Community Information, August 2006

COMMUNITY INFORMATION

Chula Vista is situated in the southern region of San Diego County within the disorder of California. There are approximately 194,939 residents in this community and 62,394 households. The median age of residents is 32.89 years.

TEMPERATURE

The temperature in Chula Vista is relatively moderate. The warmest time of year occurs in August during which temperatures reach an mean high of 72°F. The coldest time of year occurs in December with mean temperatures diminishing to 57°F.

HOME AND REAL ESTATE PRICES

The housing options in Chula Vista include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the high 0,000s.

·Two bedroom townhouse/condominium start in the high 0,000s.

·Three bedroom townhouse/condominium start in the mid 0,000s.

·Two bedroom single-family homes start in the high 0,000s.

·Three bedroom single-family homes start in the low 0,000s.

·Four bedroom single-family homes start in the high0,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate diligence are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month unfilled (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes dropped from 0,000 in June 2005 to 5,000 in June 2006, which represents a 2.5% decline. Fewer more homes sold in June 2006 (127 homes) than in June 2005 (171 homes). The mean time to sell a home increased from 47 days in June 2005 to 66 days in June 2006.

The median price of condominiums and townhomes decreased slightly from 2,250 in June 2005 to 2,000 in June 2006, which represents a .1% decline. Fewer units sold in June 2006 (46 units) than in June 2005 (80 units). The mean time to sell a unit increased from 52 days in June 2005 to 85 days in June 2006.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to know enduring market trends.

2006: Most Active Real Estate Foreclosure Markets

The foreclosure market is an attractive option for buyers wanting to invest in real estate. A foreclosed property is a mortgaged property that has been taken over by the lender due to non-payment of the mortgage. The lender then sells the property in order to recover the money, often at below market prices. Foreclosed homes, condos and other properties can for make brilliant investments and is a well loved choice for those entering the real estate market.

The October 2006 come forth of Business 2.0 Magazine ranks the top 10 foreclosure markets in the United States. Greeley in Colorado tops the list followed by Detroit in Michigan, Miami in Florida, Indianapolis in Indiana, Ft. Lauderdale in Florida, Denver in Colorado, Dayton in Ohio, Dallas and Fort Worth in Texas, and Atlanta in Georgia.

Greeley, CO, has the largest number of foreclosure households in the country, with 0.59% of homes diminishing in the category, an increase by 14.7% since January 2006. The report holds aggressive residential enhancement, risky underwriting practices and stagnant wages as the main causes.

Detroit, MI, stands next with 0.51% of the households in foreclosure. The naughtily performing auto diligence and the resulting impact to autoworkers’ incomes has contributed to number of homes in foreclosure in this city.

Third on the list is Miami, FL, where 0.37% of the households are in foreclosure, a staggering 91% increase since January 2006. The report states a weakening economy, higher property insurance premiums, and rising energy and appeal rates, as the reasons for this rapid increase.

The fourth among the top ten foreclosure markets is Indianapolis, IN. Although the foreclosure rates are slightly lower from last year, still the part of households in foreclosure stands at 0.35%. Setbacks and layoffs in the city’s auto diligence together with diminishing home prices have contributed to foreclosure rates in this city.

Fort Lauderdale, FL, stands fifth with 0.34% of households entering foreclosure, which is up by a whopping 118.5% since January 2006.

Denver (with 0.33% of households in foreclosure), Dayton (with 0.33% of households in foreclosure), Dallas (with 0.31% of households in foreclosures), Fort Worth (with 0.31% of households in foreclosure) and Atlanta (with 0.31% of households in foreclosures) round out the top 10 foreclosure markets.

If you are looking to invest in the foreclosure market, consult a real estate agent who can help you clinch the best deal on the foreclosure property of your choice.

What Are Real Estate Small Sales?

In many parts of the country, home prices doubled during the period from 2000 to 2005. During this same time, creative financing programs (e.g. zero down payment, adjustable rate loans, appeal only loans, option ARMs loans, negative amortization loans, etc.) gained popularity and helped some people buy homes who would not normally be eligible based on their income, debt level and credit history.

Most real estate markets are now cooling, and some are even experiencing declining prices. In times of dropping real estate prices, the amount owed on a loan by some homeowners may really exceed the value of a property. If homeowners cannot make their monthly mortgage payment, there is a potential for default on the loan and foreclosure of the property by the lender.

The term “small sales” is used to describe a situation in which a homeowner is at risk of defaulting on their loan, and the lender agrees to sell the property below the original appraisal price in order to avoid foreclosure. Most lenders do not readily agree to small sales, although exceptional circumstances such as a homeowner bringing up the rear his/her job or the death of a wage-earning partner may make some of them more open to dependability so.

If a property is sold as a small sale, the lender recoups at least a part of the original loan amount, the homeowner avoids the stress and stigma of foreclosure, and the new homebuyer gets a property below its original appraisal price. If a small sale doesn’t work, then the property usually goes into foreclosure.

Small sales may be an emerging trend as the rate of foreclosure is rising dramatically across the nation. According to Business 2.0 Magazine, the top 10 foreclosures markets are:

1. Greeley, CO
2. Detroit, MI
3. Miami, FL
4. Indianapolis, IN
5. Fort Lauderdale, FL
6. Denver, CO
7.Dayton, OH
8.Dallas, TX
9.Fort Worth, TX
10.Atlanta, GA

The credit of homeowners may be impacted after a small sale, but it all depends on how the lender reports the outcome. Some lenders report a incomplete loan repayment as full payment of the debt due, which does not adversely impact the credit of the borrowers. Other lenders report the sale as “settled,” which adversely and much impacts the borrower’s credit. The other problem is that the part of the loan amount forgiven by the lender may really count as taxable income by the IRS.

In summary, a successful small sale has some potential clear repayment (e.g., homeowners avoid foreclosure, lenders recoup at least a part of the loan amount, new homebuyers gets a property at below the original appraisal price, etc), but there are also many negative penalty. Some of these potential negative penalty include: the negative impact on borrower’s credit, negative impact on the value of other similar homes in the neighborhood, and that the amount forgiven by the lender may be taxable event. Homeowners having difficulty making their monthly mortgage payment may benefit from talking to a real estate agent who is experienced in small sales.

What Are Real Estate Small Sales?

In many parts of the country, home prices doubled during the period from 2000 to 2005. During this same time, creative financing programs (e.g. zero down payment, adjustable rate loans, appeal only loans, option ARMs loans, negative amortization loans, etc.) gained popularity and helped some people buy homes who would not normally be eligible based on their income, debt level and credit history.

Most real estate markets are now cooling, and some are even experiencing declining prices. In times of dropping real estate prices, the amount owed on a loan by some homeowners may really exceed the value of a property. If homeowners cannot make their monthly mortgage payment, there is a potential for default on the loan and foreclosure of the property by the lender.

The term “small sales” is used to describe a situation in which a homeowner is at risk of defaulting on their loan, and the lender agrees to sell the property below the original appraisal price in order to avoid foreclosure. Most lenders do not readily agree to small sales, although exceptional circumstances such as a homeowner bringing up the rear his/her job or the death of a wage-earning partner may make some of them more open to dependability so.

If a property is sold as a small sale, the lender recoups at least a part of the original loan amount, the homeowner avoids the stress and stigma of foreclosure, and the new homebuyer gets a property below its original appraisal price. If a small sale doesn’t work, then the property usually goes into foreclosure.

Small sales may be an emerging trend as the rate of foreclosure is rising dramatically across the nation. According to Business 2.0 Magazine, the top 10 foreclosures markets are:

1. Greeley, CO
2. Detroit, MI
3. Miami, FL
4. Indianapolis, IN
5. Fort Lauderdale, FL
6. Denver, CO
7.Dayton, OH
8.Dallas, TX
9.Fort Worth, TX
10.Atlanta, GA

The credit of homeowners may be impacted after a small sale, but it all depends on how the lender reports the outcome. Some lenders report a incomplete loan repayment as full payment of the debt due, which does not adversely impact the credit of the borrowers. Other lenders report the sale as “settled,” which adversely and much impacts the borrower’s credit. The other problem is that the part of the loan amount forgiven by the lender may really count as taxable income by the IRS.

In summary, a successful small sale has some potential clear repayment (e.g., homeowners avoid foreclosure, lenders recoup at least a part of the loan amount, new homebuyers gets a property at below the original appraisal price, etc), but there are also many negative penalty. Some of these potential negative penalty include: the negative impact on borrower’s credit, negative impact on the value of other similar homes in the neighborhood, and that the amount forgiven by the lender may be taxable event. Homeowners having difficulty making their monthly mortgage payment may benefit from talking to a real estate agent who is experienced in small sales.