Lets face it: the Dallas real estate market is riddled with distressed properties. However unfortunate this is, the fact of the matter is, as a buyer, you may in a position to purchase a distressed property.Most distressed properties are labeled as such because they are either in foreclosure or are being sold as short sales. Short sales are different from foreclosures, as they involve homeowners who have made an agreement with the bank to sell...more
You may have heard about the great deals to be had on Dallas office space for lease. The office market is decidedly sour and building owners and developers are feeling the pinch of the economy.Although building owners are having a hard time as of late, now may be your time to secure great Dallas office space for lease if you are a business owner. You will likely have a nicer selection of Dallas office space for lease, and you may also find that...more
Strict lending practices for multi-family dwellings have caused the already-struggling San Antonio condo market to make some serious changes in order to stay afloat.The downturn in the national housing market is the first hurdle to jump. Add to that the fact that many lenders just arent willing to provide financing for condos, and it becomes increasingly clear that the San Antonio is in for a bumpy ride.From Condos to ApartmentsOne of the most obvious changes to San Antonio condos is that many builders and developers are changing their properties into rentals. Many of the new condominium projects have turned to apartment rentals, while others are simply crossing their fingers and hoping the condo market will soon improve.Tighter Lending Standards San Antonio condo developers that have chosen to keep their properties instead of renting them out are finding that they must consider all of their options because of todays tough lending standards.This seemed to be the sentiment at the Downtown Alliance of San Antonios State of Downtown Luncheon that was held recently as the Hyatt Regency. Centro Properties President Debra Maltz further confirmed what everyone was already thinking: that...more
Have you ever wondered why two similar properties can produce such different results in the Houston real estate market?For example, lets consider that two similar properties in the same neighborhood go on the Houston real estate market at the same time. Both properties are listed for the same price, and both boast the same layout. Yet one property...more
1. Base RentLeasing is synonymous to renting, and the minimum amount you need to pay for your Miami commercial real estate monthly is called the base rent. This term youll mostly likely encounter when negotiating for a retail space within other commercial spaces, including mall, stores and others.2. Percentage RentAnother Miami commercial real...more
While Ixtapa Real Estate already offers excellent airline access to most major American airports, with easy connections to many other locations, recently a milestone was reached when the first direct flight was made from Canada to Ixtapa-Zihuatanejo. This is excellent news for Canadians thinking of Retiring in Mexico, or just finding a home away from home in an top-quality beachfront resort destination.The first direct flight from Canada came from Calgary, offered by the Canadian airline, Westjet. This first flight was given a special "grand-opening" type speech from the president of Westjet, Tyson Matheson. In an interview Matheson outlined a number of the benefits of Ixtapa Real Estate and tourism, which led the company to offer its customers a direct flight to this retirement and beachfront lifestyle destination. The direct flight from Calgary to Ixtapa is approximately 5 hours, the first flight leaving Canada at 9 am (Mountain Time), and arriving in Ixtapa-Zihuatanejo at 3 pm (Central Time). It is scheduled landing two flights a week from this month until May 2010, a number which could increase according to demand. Matheson also mentioned the possibility of expanding to...more
1. Normal wear and tear will not be deducted to your depositOne of the basic rental rights you must know about before leasing a Miami apartment for rent is that your landlord cannot claim your security deposit for normal wear and tear. Unless you...more
In recent decades, the development of the Mexico Land has been made easier and more profitable as a result of policies which have encouraged and facilitated private investment in the top real estate areas. A key attraction for buyers is the extent...more
The ARM or Adjustable-Rate MortgagesPros:1. The most common advantage of ARM for Miami condo buyer is its lower rate and payment feature during the early stages of the loan. 2. ARM also allows borrowers to take advantage of falling rates without the...more
1. Provide a detail story of the financial hardshipBefore even allowing the home to succumb into Miami foreclosures, its important to contact the lender to anticipate a default in the payment. If, however, financial hardship is inevitable, the next...more
Be down payment savvy and saveEven if you have enough equity in your primary residence to cover the mortgage for your Miami luxury home, it doesnt mean that you have to do it. In contrast, however, being able to put down as much as 20 percent in down...more
1. AffordabilityThe most common attribute of todays housing market, including the Miami Beach real estate market, is affordability. Buyers, who in the past cant afford to purchase a conventional detached single family home and opted leasing, can now...more