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

Mon, 13 Dec 2010 04:29:55 +0000

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 State Governments of Nigeria have got a little impact and contribution in providing homes and shelters for their citizens. This has created a large vacuum in the Real Estate sector, so big a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in every 100k people live in government owned houses. Demand over Supply- going 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 counting. 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

Ikay Izuako is a real estate agent and marketer,

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Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Sun, 14 Nov 2010 16:27:23 +0000

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

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Home Page > Finance > Real Estate > Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

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Posted: Oct 19, 2010 |Comments: 0

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Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

By: Real Estate Expert

About the Author

How come everyone is earning from Real Estate? Want to get rich during the Downturn?

Get your Real Estate Broker Price Opinion and find out how you can profit from Real Estate!

TryReal Estate Riches Program and see how it changes your life … Forever!

(ArticlesBase SC #3503651)

Article Source: http://www.articlesbase.com/ – Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Real Estate Broker Price Opinion

Many people try to determine the values of their real estate by researching websites that value a home based on aggregate data collected through various means. While these online services can be quick and seem easy, computer generated reports can be grossly inaccurate. More often than not, computer data collected from outdated and often unreliable resources can cause issues when trying to determine a fair value of real estate in any specific market. These websites may be of some value in showing valuation trends, but can in no way replace the services of a local real estate appraiser. Real Estate Broker Price Opinion

Highly trained professional real estate appraisers, while more expensive, can effectively determine a home’s true value and also take into account variables a computer generated report can’t. Desirable factors such as a highly rated school system, economic development and surrounding neighborhoods can drastically affect a home’s value positively. Areas that are run down but in the midst of a gentrification process are unlikely to get a fair appraisal from a computer model, someone untrained or out of the area. Only a local appraiser will be familiar with rising or declining valuations and building trends in specified locations.

While obtaining a professional real estate appraiser to correctly determine a home’s value can be critical during a divorce, to value an estate, or to satisfy a lender requirement for a mortgage, choosing a reputable local appraiser that knows their market area can mean the difference between a good appraisal and a bad one. If an appraiser does not intimately know the market area they serve, many factors used to determine a home’s value can be left out of the process. Without knowledge of the current market area trends, property values given by an appraiser outside of their locale can be skewed.

As banks and other financial institutions are now dealing with untenable volumes of foreclosed homes, there is a growing trend among banks and other financial institutions to hire real estate brokers to complete BPOs (Broker Price Opinion), rather than pay appraisers for a home’s valuation. Although BPOs should be more accurate than computer generated reports in determining a property’s value, there is considerable controversy as to whether or not these real estate agents have adequate training to complete these reports effectively. Real Estate Broker Price Opinion

BPO services cost less than a uniform appraisal report; however, much like their computer generated counterparts, BPOs often omit crucial information. Many lenders do not even require an in-depth inspection or interior inspection of a home, for example. How can anyone hope for any type of realistic property valuation without an on-site inspection?

Appraisers are required to complete a stringent course of training through accredited educational facilities before they are licensed or certified. In some states, appraisers must also complete an apprenticeship under a more seasoned professional prior to being permitted to value property independently. A good appraiser will look at all aspects of the property, including square footage, room count, types of rooms, condition of property, lot size, neighborhood trends and comparable properties in the area that have sold recently, as well as comparable properties currently on the market.

Appraisals take longer than a BPO provided by a real estate broker or online computer generated reports. But, the report from appraisers is in depth and lengthy. All variables used to arrive at the valuation are in black and white.

Searching for a qualified appraiser in your area is relatively easy. Neighborhood banks and lenders are a great referral source. Searching an online directory or your local yellow pages can be another viable source as well when looking for a professional appraiser. Real Estate Broker Price Opinion

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Real Estate Expert -
About the Author:

How come everyone is earning from Real Estate? Want to get rich during the Downturn?

Get your Real Estate Broker Price Opinion and find out how you can profit from Real Estate!

TryReal Estate Riches Program and see how it changes your life … Forever!

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Real Estate Photography- Ultimate Exposure to Earn Profits From Your Property Firm

Mon, 08 Nov 2010 04:38:27 +0000

Real Estate Photography- Ultimate Exposure to Earn Profits From Your Property Firm

Real Estate Photography- Ultimate Exposure to Earn Profits From Your Property Firm

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Real Estate Guide to Buy or Rent Whangarei Northland and Coastal Property in New Zealand

Fri, 05 Nov 2010 04:28:09 +0000

Real Estate Guide to Buy or Rent Whangarei Northland and Coastal Property in New Zealand

Real Estate Investment in Whangarei New Zealand

Real estate business may be focused in so many aspects as an investment and as a method to earn money from. You can be a real estate agent and enjoy earning money while on the other hand, there are those who have the capital to earn being an investor in the buy and sell arena for a real estate business. In Whangarei New Zealand, however, there is a lot of available real estate business investment that you can get in to if you want to earn a significant amount of income from it.

Whangarei Real Estate Agent Marketing Tips

A Whangarei real estate agent in New Zealand may earn through real estate business by selling real estate property in so many ways and methods but so far, there are a few tips that I would like to give you to be able to earn good in this business. To be able to market a real estate property, you have to know where you can make such move or where to post your for sale property using the internet because we all know that the internet is the best medium there is if you are selling anything today. A few good ways to seek refuge for your product are forums and classifieds. Today there are a lot of free classifieds that you can post your for sale product. Forums can also be a good way to sell real estate. You can also try to market your real estate property using social media sites where you can post to multiple people who might just be interested to buy a real estate property in Whangarei. So far these are just a few ways and I know that there are a lot out there.

Different Real Estate Property Investment and Sale

In a real estate investment, there are a lot of different types that you can sell for interest of those who might be looking for the perfect type of property. Different people have different preferences for a real estate property that they wan to buy or rent or even lease for a period of time so to be able to allow your target clients to get a glimpse of what is there in the real estate industry in Whangarei Nez Zealand, you must have access to the different types of real estate properties being sold in the market today and make a list of them all. This is for the purpose of having each type under your profile just in case you have to present a client the different types of real estate property that you sell for choosing.

To get you an idea of what is in store if you are looking to sell real estate these are a few types. Coastal real estate, farmland real estate, northland real estate, beach real estate, resort real estate, ridge real estate and more. So far these are just a few but always feel free to make it more appealing and diverse for your clients. We all know that selling a real estate property either if it is for rent, lease or total sale depends on the choices that you can offer for your clients.

Real Estate Whangarei New Zealand

Real Estate Whangarei Listings

Advertise Your Real Estate Business

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Rental Property Tax Deductions That Will Slash Your Landlord Tax

Wed, 03 Nov 2010 16:21:05 +0000

Rental Property Tax Deductions That Will Slash Your Landlord Tax

If you are a landlord or property manager, knowing your rental property tax deductions is vital for cutting your taxes to the minimum. Find out how to enjoy lower landlord taxes and boost your profit margins right now.

Rental property tax deductions are basically rental expenses that you are allowed to deduct when calculating your rental property taxes. They are crucial because they will reduce your total amount of property income that is taxable.

To cut down your landlord taxes, you can simply include every possible tax deductions that you are allowed to use. The following are the common and important deductions that a rental property owner can enjoy:

1. The Depreciation Value of Your Rental Property

When you buy a new rental property, you cannot claim the full amount that you paid for it as expenses right away. Instead your property is slowly depreciated over a long period of time.

Depending on the country that you live in, most depreciation periods for residential property range from 20 to 30 years. Home owners are usually not allowed to claim depreciation as tax deductions so you will not be able to apply this deduction to your own home.

2. Insurance Premiums Related to Your Rental Property

Being a landlord means that you will usually have to buy a series of insurance polices such as building insurance, home contents insurance and landlord liability insurance.

You will be able to treat the premiums that you fork out for all your landlord insurance policies as tax deductions. If you employ people to manage your rental property, you will be able to claim the premium for their worker insurance as a rental property tax deduction as well.

3. Interest on the Mortgage Payments for Your Rental Property

Unless you are awfully rich, you would have taken a loan like every other landlord to pay for your rental property. Fortunately the interest charged by your bank or lender is counted as rental property tax deductions as well.

4. Repair Bills for Fixing and Maintaining Your Rental Property

The money that you fork out to maintain your rental property in habitable condition is also tax deductible. This refers to any repairs or maintenance that are conducted to make sure that your rental property meets your local health and safety housing standards.

However you must know that any home improvements that you carry out for the purpose of boosting the values of your rental property cannot be considered as rental property tax deductions.

If you hire a contractor or repairman for repairs, make sure you ask them to give you a receipt with the property costs and type of repair work stated on it.

5. Travelling Costs for Managing Your Rental Property

Any travelling expenses that you rake up for rental activities such as rent collection and property repairs are also tax deductible. You are usually allowed to deduct both your gasoline costs and vehicle’s maintenance bills.

If you own rental properties abroad and you travel overseas for real estate activities, you may even to claim your airplane tickets, hotel stays and travelling fares as rental property tax deductions.

The tax agencies in most countries will monitor your tax claims for overseas travel quite closely so be sure not to abuse the system and keep proper written records of your spending such as receipts and bills.

Teo Zhenjie has been showing landlords how to manage their tenants and rental properties effectively on Propertydo http://www.propertydo.com/ – To learn more important tips on rental property tax deductions, visit his website today for step-by-step real estate guides, free resources and forms.

Teo Zhenjie has been showing landlords how to manage their tenants and rental properties effectively on Propertydo.com http://www.propertydo.com/ – Visit his website today for step-by-step real estate guides, free resources and forms.

Article from articlesbase.com

I am pleased to release my first video Blog on Building Wealth through Rental Properties. This video is among a series of videos that will be posted in which I teach and share my knowledge. The topics I will cover are the following: Understanding the fundamentals of taxes and deductions How to minimize your tax liability through rental properties How to calculate and project your rental properties Where to find good deals on rental properties What do I do about property management And many more Be sure to subscribe to my email list for updates to my blog. I hope you enjoy the video blog.abkrealty.com
Video Rating: 4 / 5

Can I get a Home Equity Loan to purchase a rental property?

Thu, 04 Feb 2010 12:29:57 +0000

So, that way I could use some money to rehab around the property rather than getting a mortgage loan. The rental properties are usually ranged $30K to $50K.

Thanks!

Can owning 1 or 2 rental property qualify you as a real estate professional.?

Thu, 04 Feb 2010 08:27:54 +0000

I am planning to buy 2 rental properties, approximately $250,000 total. My wife and I both work full-time. Does owning 2 rental properties qualify either one of us as a real estate professional so that we could get losses on these properties as tax deductions against our personal income.? If not, what can we do about these rental losses (mainly due to depreciation on the property). Thanks in advance.

Is buying a rental property the same as buying primary residence?

Thu, 04 Feb 2010 04:24:52 +0000

I’ve bought a home three years ago. I know want to start buying rental properties. Is the process the same as far as income, credit, and down payment or is it different due to it being a investment property? How should I go about starting?

How do you report a foreclosed rental property to the IRS?

Thu, 04 Feb 2010 00:25:27 +0000

I have a rental in 2006 and 2007 and reported it to IRS.
In 2008 the property was foreclosed. Therefore, no rentals to report in 2008. I need to have closure to this transaction and let the IRS know that this rental property no longer exixt. I would apreciate any help

how can you decorate a rental property to your liking?

Wed, 03 Feb 2010 20:22:32 +0000

my family is getting ready to move into a rental property but they are all so bland and yucky and have no charachter. any ideas on how to spruce it up for cheap?