my house has been on the market for about 5 months now we have another property which will be ready in the next few weeks and have been looking at other ways of selling i know we will loose money but are in a position we only paid 23000 for property and is now worth around 75000 we had an offer from express sale of 60000 which is the best so far out of the 1/2 dozen we have tried we are not in the position to keep the property and rent it out so we really do have to sell quick has anybody used a trustworthy company or know someone who has i would be gratefull to any advice on this matter and also the house is to small so we cant stay in it until market picks up thanks.

Repossession

Rental market soaring high and posing to be the most dynamic sector in Indian business scenario

Real Estate seemed to be the best investment opportunity with a growth rate that was even higher than the growth rate of our economy. But then started the realty blues, correction in prices, fear of the real estate being unreal and a bubble being on the verge of a burst.

And now there is a new wave with which real estate may surge once again, The Rental Property Market. At present the country’s commercial and residential real estate rental market has a price tag of approx $50 billion, and is expected to grow 25% on a yearly basis. There are numerous factors that contribute to this incredible situation in rental property market. Major factors that are responsible for bringing about this change include growth in information technology/information technology-enabled services industry like BPOs as they are renting large commercial spaces in order to expand their business process in India. Apart from this, emergence of India as an important investment hub in the world market, growth in foreign direct investments and simultaneous growth in the purchasing power of the Indian middle class plays a pivotal role.

With our industrial sector growing super fast, youth being more career conscious and BPOs churning uncountable employment opportunities we find brilliant talents from all over the country migrating to big cities like Delhi, Mumbai, Chennai and Kolkata. People coming to these places in large numbers have created troubles for required accommodation in these big cities and this is time when renting property comes into the scene.

In order to overcome this acute scarcity for good accommodation in the big cities and surrounding areas which can meet the requirements of the population coming to the cities for employment, people began renting their properties and soon realized that it is an amazing source for income as well.

Also for young people despite of the handsome salaries and attractive prerequisites they earn owing a property is not a matter of fun and hence the option with which they are left with is to go for rented accommodation. Moreover with people aspiring rich lifestyle and an accommodation that matches their taste further drives the prices of rental property up the wall and makes it a lucrative business opportunity.

At this point it can be very conveniently said that rental property market has great potential and can turn out to be a reliable source of income generation.

The advantages of investing in rental property market can be summarized as below:

1. Demand for accommodation is ever increasing and people are willing to pay huge amounts for an accommodation that matches their taste and meets all the mentioned specifications.

2. In case immediate selling of any property is not possible, renting the accommodation is a good business and the returns are amazingly high.

3. Only apartments in multistoried buildings are not in demand but people seeking independent houses for rent are also many. As a result investment in building independent houses for renting purpose is also a money-spinning business with high rate of return.

To read more about the happenings in the world of real estate visit http://www.indiapropertyauction.com

Regards

Lalsa



Rent Back

 

If you want to sell your house privately, and avoid the cost of using estate agents, there are many options available from word of mouth, newspaper ads, your own for sale boards and of course the Internet.

However, do these methods always work? Do they enable you to sell your house within your timescale? Do they make the whole process of selling any less stressful? Will you get the price you want for your property? The answer is, not always.

Selling your house through an estate agent or through a normal private sale can take months. Dealing directly with the buyer can often be more stressful than using an estate agent and neither route may give you the price you want.

But there is an alternative. A house buying company will buy your property from you. They are not an estate agency so they don’t charge fees. Also, you don’t need a Home Information Pack – as a private house sale, it is not needed, saving you time and money. And sales can complete quickly – often within 7 days.

How does it work?

It’s quite simple. To make an offer a house buyer will arrange for 3 agents to visit your property to carry out an appraisal on their behalf.

Once the house buyer receive their valuations, they will be able to make an offer, normally up to 85% of the appraisal valuation, within 48 hours.

There is normally no cost or obligation in receiving an offer.

What are the benefits of using a house buyer?

The advantages for you are clear:



You guarantee the sale of your house.

The house buyer can complete quickly and to your timescales.

You can plan your move safe in the knowledge that your house is sold.

You’re chain free, putting you in a stronger position for your next purchase.

You avoid estate agents and their fees.

Many house buyers have years of experience in dealing with these situations.



 

 

 

 



Repossession

Moving into your new property to rent can be very exciting. Listed here are a series of pointers and advice for new tenants who either have not rented before or are looking for some useful guidance. This article covers aspects of property rental including rent payments, how to deal with any problems that arise in your property, checking the content and inventory, landlord requirements and deposit issues.

If a problem arises in your flat whether it be a leak, a broken down washing machine or you are simply unsure of something to do with the tenancy you should contact your landlord or letting agent and report it. The quicker the problem is reported the sooner it can be resolved. No matter how small the issue is let the landlord or letting agent be aware of it.

Understanding the tenancy agreement is very important before signing. If you do not understand something on it be sure to ask your landlord or letting agent to explain it.

Record Your Rental Payments

It is very good practice to keep a clear record of all your rent payments, the date, amount and method of payment. The best, most widely used method of tenant rent payment is a standing order payment, set up through your bank. This allows the rent to be paid directly and there is a clear record of all payments in your bank statements. You should keep your bank statement stored in a secure place, in the order you received them as you may need to check them if a payment issue arose.

Respect the Property You Are Renting

You should respect the property you are renting and treat it as you would your own property for the duration of your tenancy. You should keep the property and its contents in good order so can be certain to get your full deposit back when you move out. If you have any concerns about the state of the property when you move in whether it be existing damage you want them to be aware of, or you feel the property is not equipped properly you should mention this to your landlord or letting agency. It is the landlords responsibility to keep the flat in good condition.

Tenancy Deposit

When you first move into the property you should receive an inventory for the contents and condition of the flat. You should check this against the property and report any missing items or damage that is present but not on the list. The best method of doing this is to write to the landlord or letting agent and keep a copy of the letter. This will help with any issues regarding the return of your deposit. The tenancy deposit is payable to cover any damage to the property or contents during the tenancy. It is normally one months rent value and is payable upfront at the same time as the first months rent. Any unreported damage that is recorded when you move out will be taken out of your deposit. You should except to receive your deposit back one month after your tenancy ends.

Property Sharing Advice

You should be very careful who you choose to share your property with. If you are all signing the same tenancy agreement this means you are all liable for the payment of the rent. If one person leaves you will still be required to pay the full rent for that month so it is important you only share a rented property with someone you can trust.

Living in the Property

You are entitled to live in the property in peace and without any interference from the landlord. He is not allowed to enter the property without your permission. By law the landlord is required to keep the exterior and structure of the property maintained and in good condition. This includes the installations of the gas, electricity, basins, sinks, baths, hot water and heating. If this is not done you may complain to your local environmental health department.

Glasgow, Cambridge and Ely Letting Agent | Flats to Let in Glasgow | Landlord Property Management Services



Sell and Rent Back

A property for sale in France is an issue that has always enticed British buyers. A good number of British families have a second home in France and a lot more other families are busy taking a look at other prospective homes to be bought.

There are a lot of reasons why people would like to purchase a property in France, for instance, the way of life is more at peace, the cuisine is incredible, and the climate are great. There is a combination of urban as well as rural living, and this is the primary reason.

However, it is not only the lifestyle or cultural reasons that are drawing the people to purchase a property in France, there are solid monetary reasons as real properties are a lot cheaper compared to Britain. Ease of access is not a setback either, as it can be faster to get to any area in France than to journey the length of Britain, this is because there are ferry crossings, Eurostar transport and direct flights across the whole country.

On the other hand, the markets all over Europe are presently fighting back the sub – prime crisis. Therefore, a property market collapse is not a distinct possibility anymore, but a bullying reality. Well then, is it still a nice idea to think of purchasing a property in France?

The French economy asserts that they have evaded the credit crunch risk. Banks are being commended for sticking to a firmly synchronized plan, which obviously has given the necessary backing to the economy. But in spite of this, the housing market hasn’t been totally out of danger. The costs have started to plummet or be inactive but not like with Britain or Spain the France’s housing market has not disintegrate.

There have been signals, but the crash cannot be thought of as venomous. This is chiefly because of the fictional sub-prime market. The loan plans are dissimilar, and it is the profits of the borrower which decides the loan amount and not the worth of the property.

When it comes to buying property for sale in France, there are a few characteristic to keep in mind: usually an apartment is put up for sale with a bare kitchen like there are no dividers, no water outlet, nothing, it’s completely bare. But certainly this let you to entirely plan your kitchen according to your own sense of style. And the only issue that may hold you back in designing the whole kitchen is your budget.

After you have come to a decision about the property that you would like to buy, the seller and the buyer will both sign some papers called a promesse de vente. This is a lawfully binding papers that verifies that the vendor must sell the real property to the buyer. Nevertheless, the buyer is provided eleven days to back out. All the property sales are done with notaires and the vendee and vendor have their own notaire as well, to prove that all the portion of the sale are done according to the existing law.



Quick House Sale

Now that real estate prices on average have adjusted and fallen across most of the Spanish market, it makes it a very positive time to explore these alternative opportunities.

According to a Spanish investment property specialist the main investment approach that has seen larger investors profit substantially on an ongoing basis is buying properties for rent within the larger commercial and university cities in Spain where domestic demand is not abating.

In fact, the city based buy to let property market in Spain has suffered nothing of the negativities of over supply, with many urban areas actually suffering from a restriction of supply leading to increased demand.

In the capital Madrid for example we are hearing reports that 62 percent of apartments which become available are being rented within the first month alone.

The low supply of good quality rental property is also affecting rental prices. For example, average monthly rents in Lorca have gone up from 400 Euros a month to 550 Euros over the period of the last three months, and as the date for the opening of the new University of Lorca approaches, so demand is expected to further intensify.

Therefore, property investors looking for a market where there is strong demand for property, more attractive underlying real estate prices and strong potential for consistent year round rental income should be focusing their search on Spain’s most in demand cities. Each day we are turning down clients looking for rental apartments. When one becomes available it is rented within the week, sometimes the same day.

Spain’s local population has suffered in much the same way as the British population from rising property prices in recent years. This has led to a situation where more Spanish than ever are seeking rental accommodation because they cannot get onto the housing ladder. The Spanish Prime Minister has pledged significant financial help, not just to first time buyers, but more interestingly for buy to let investors too.

Direct monthly financial contributions of 200 Euros a month are being offered by the Spanish government to people under 30 years old to help with rental payments; proposals have also been made to help tenants raise deposits; and for landlords who agree to rent properties to under 35s to help them get into private accommodation, attractive taxation incentives have been proposed.

Property investors quite possibly have a once in a lifetime opportunity to buy property off plan at below market prices as developers work hard to sell off stock, or to buy resale units in what is very much a buyer’s market, and earn rental income year round from the domestic market who are being aided and therefore encouraged to rent.



Quick Property Sale

It is true that secured loans are the most pocket friendly loans. But sometimes, due to lack of knowledge people suffer from many hinders with secured loans. In that case, instead of being pocket friendly secured loans may react adversely. So, a proper advice matters a lot. In this article, readers will get some advices about secured loans.

secured loans are available against collateral. You can use any valuable objects of yours as collateral. Home or some other real estate, automobile, other valuable objects work well. And for that, check at first whether you are a possessor of valuable property or not. At the same time, you should keep in your mind that using worthy collateral would help you to get your desired amount.

Generally, borrowers opt for a secured loan, when they want to borrow relatively high -amount. With secured loans, one can borrow amount ranged from £5,000 to £75,000. So, you verify, how much do you want. If your borrowed amount is high, then only apply for a secured loan.

Next check your financial capacity. As you are getting secured loans against your property, thus in case of failing to repay the amount, your property will be repossessed by the lender. So, be sure that you are able to pay off the loan amount and then opt for a secured loan. It is better to borrow the amount that is more convenient to repay.

What is your credit score? Are you aware of it? Knowing credit score is also important before availing a secured loan. Normally people opt for secured loans, because the rate of interest is lower on secured loans. But, it is not applicable for those persons, who have poor credit history. In that case, lenders charge comparatively high rate of interest due to their poor credit score. Therefore, know your credit score and then apply for a secured loan.

Getting a proper deal is also important. Though many lenders offer secured loans, but comparison of different loan quotes will ensure you to avail a pocket soothing secured loan.

You can search for secured loan over the Internet. Even, Online search is comparatively easy and less time consuming. You do not need to go outside to look for a best deal. You can do everything at your home. Many online lenders offer secured loans. To obtain those loans, you need to fill up an application form. After that, the lender will get in touch with you within few days.

The rate of availing secured loans has been increased among the mass. But at the same time, the case of collateral repossession is also increasing. So what can be the solution? A proper advice is necessitated that help people to understand secured loans properly. With a proper advise, adverse situation of secured loans can be avoided.



Sell and Rent Back

One of the most damaging limitations that a beginner investor faces when building a property portfolio is the dreaded perfect deal.

As if trying to find the a property wasn’t enough the budding investor now has to find the perfect finance, the perfect solicitor, the perfect area, the perfect rent, the perfect growth prospects, the perfect builder, the perfect sales consultant, the perfect club, the perfect interest rate – everything has to be nothing short of PERFECT.

So how do they achieve this? ln short, you simply don’t and despite everyone’s best intentions you won’t.

I have been in property one way or another for over 9 years l am yet to find the elusive perfect deal. I have however consistently made money from property and built a substantial portfolio of properties, despite every single property that is part of this portfolio being imperfect in some way.

So what’s the motto – Be realistic but practical. Do your due diligence using the various guidelines l have suggested to buying, holding and selling property but don’t use these as a excuse for procrastination.

My simple 3 month rule applies in these circumstances. lt simply states:

You have 3 months to purchase a property – any more and you are procrastinating, any less and you are not researching.

Practically, this means that you don’t have to buy the first property you see, you have 3 months but likewise it is better to buy anything than to sit around waiting for the perfect deal (which if we’re honest we’ll admit doesn’t exist)

I have a very dear friend whom I would love to see successful, he has had a sizeable deposit for the past 3 years. When property was galloping upwards he complained that property was too expensive, now that it is stagnate, he complains it might crash.

Despite my best educational efforts and demonstrated performance he is still to own a property. Interestingly enough, one of the first properties I purchased in a development that he also had the opportunity to buy has now gone up £30,000 which isn’t bad for a property that costs me £100 per month. At the time I bought it was an imperfect property, funnily enough it still is, but £30,000 isn’t bad for “imperfect”.

The real question comes down to one of what really is my first purchase?

Despite my best intentions to find the best deal every deal I also understand that crudely your first property should teach you process and allow you to overcome emotion firstly and secondly it should make you money.

I believe that as long as you get the education & experience under your belt on your first the money will follow.

So be sure to ask lots of questions then you can get onto making money.



Sell and Rent Back

 

Money is something which we need at many times to meet the necessities of our life. Secured loans online UK is a loan which is designed to meet these needs by sufficing you with money.

In UK online secured loans are gaining more importance. This loan offers larger borrowing amount and long period of repayment. The amount which can be borrowed is 125 % of the equity of the collateral.

A good research before taking the loan can lower the rate of interest of a secured online loan UK even more. Bad credit holder can also be eligible as the lender has the asset as security for the loan amount. The loan amount varies from £5000 to £75000. The tenure of the loan is 5 years to 25 years. It can be stretched to 30 years in case of need. The amount of the loan is to be decided after evaluating the equity of the asset. The loan amount should not be more than the equity. This will increase the chance to get rejected by the lender. If the equity is higher than the loan amount then it lowers the rate of interest of the secured loan online in UK.

Secured loans online in UK have some eligibility criteria. You must be 18 years of age or more. You must have a citizenship of UK. Your credit history should be good and clear of default, CCJ, etc. You must have a current bank account with a UK bank where your loan amount is transferred after all the procedure.

Online secured loan in UK is faster. Correct details should be filled in the form. This makes the whole procedure faster. This helps the lender to be or not to be sure of the repaying capacity of the borrower. A little homework can get you loan easily.



Rent Back Fast

Having your home repossessed is an extremely traumatic experience not to mention the effects it can have on your future financial circumstances.

There are many reasons why people fall behind with their mortgage payments such as redundancy, divorce or separation, bereavement & ill health.

In most cases of repossession the home owners have simply done nothing at all to try & get themselves out of the trouble they find themselves in & have just ignored all letters & calls from their lenders & just hoped the problem would somehow “just go away”.

The first step you must take to avoid your home being repossessed is to talk to your lender as early as possible when you get into difficulty. Explain your predicament to them and see if there is any way they can help you.

The solution may be as simple as giving you a “payment holiday” where they will suspend your payments for a set period whilst you sort out the underlying reasons for your inability to meet your mortgage payments. This will of course depend upon your exact circumstances but one thing is for sure, unless you speak to your lender they cannot help you.

Ignoring your lenders letters & calls is a sure way to set them on the course to apply for the repossession of your home.

You should also speak to the citizens advice bureau (C.A.B) to see if they can help you, explain your situation to them & they may be able to suggest solutions or put you in touch with someone who can give you free financial advice to help your situation.

A good financial advisor will be able to provide you with the steps you need to ease your financial predicament as quickly as possible.

You may be thinking that the repossession of your home will end your money worries in that it will relieve you of your mortgage burden. However your lender may try to recover the money you owe them by selling your property quickly at auction.

Your property may be sold well below its current value & could still leave a shortfall meaning you will still owe your lender. Another problem of repossession is the effect it has on your future financial situation, years down the line you may be back on your feet & be ready to become a home owner again, however you will find it difficult to get credit from credit or store card companies let alone mortgage providers because you have previously defaulted on an early loan.

Any credit you may get will come at a cost in that you will certainly have to pay higher interest rates than those who have a good credit history.

A solution to your problem may be to sell your property to a property trader, (as long as you have enough equity) quickly for cash to clear off your debts & prevent repossession.

You should get a better price from a property dealer than that which your lender would get selling at auction meaning you will have more cash to pay off your debts. This will also help with your credit history as you will not have defaulted on your loan.

Most property traders will also allow you to stay in your property as a tennant, meaning you not only pay off your debts but you also still have a roof over your head. They will also pay your legal fees.



Repossession