Posts Tagged ‘period of time’

Are you somewhat confused by all the terms that real estate agents throw around like nothing?

Well don’t worry, I can assure you that you are in good company.

Lets get a few of the basics out of the way and then we can move on to some of the specifics.

One of the first things you have to understand is that there are several components to the overall rental rate that you ultimately end up paying. There is the rent that you pay the Landlord for the use of their space, but also as a commercial Tenant you will also pay for the following items; the maintenance of the overall building, the property taxes, building insurance and management of the property. (I know, I know, it doesn’t seem fair to be paying for the management and maintenance of someone else’s property, but that’s the real world, so get used to it!)

There are basically two types of rents that you will be quoted when searching for commercial space.

They are Gross rents and Net rents. They are two separate ends of the spectrum of what is included in the rent. Gross rent is an all in rent. A true Gross rent includes all of the above mentioned expenses (Property taxes, insurance, maintenance, management, utilities etc. etc.) and any other expense that might be particular to a specific property.

Net rent is a type of rent that includes nothing extra. Net rent is simply the amount that you are paying the Landlord for the right to use their space for a specified period of time. In a single tenanted property the Tenant simply pays for all additional expenses themselves. In multi tenanted properties such as office buildings or multi tenant retail malls the Net rent is commonly accompanied by Additional rent (Also called CAM/Tax which stands for Common Area and Maintenance plus Property Taxes).

The Additional rent covers the expenses mentioned above. The Additional rent is usually an estimated amount based on the previous years operating expenses. The total expenses for the property are added up and then divided by the rentable square footage of the building. The expenses are then allocated to each tenant proportionally to the amount of space that they have of the building. So if a building has 10,000 Sq Ft of rentable space, and a tenant has 1,000 Sq Ft retail store, then they would pay 10% of the total expenses. The Additional rent is quoted on a per Sq Ft basis as well.

In different parts of the country the rents may be quoted differently. In Winnipeg the rents quoted are usually quoted as a price per square foot per year. In other parts of the country they may be quoted as price per square foot per month. When in doubt, ask.

About the Author:

Harry Logan is a Commercial Realtor with RE/MAX executives realty in Winnipeg, Manitoba, Canada. Harry represents Buyer’s & Seller’s and Landlord’s & Tenant’s in all aspects of Commercial Real Estate including the Leasing and Sales of Retail Shopping Centers, Apartment Blocks, Investment & Income Producing Property, Industrial & Warehouse Space, Office Leasing and the Sale of Businesses.

He can be reached at 204-667-SOLD (7653) or through his website at http://www.WinnipegCommercial.com

This is not intended to be Legal or Tax advice. Please discuss these ideas with a competent advisor.

Author: Harry Logan
Article Source: EzineArticles.com
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There’s a good chance that you’ve wondered, at some point, if there was a way to sell your home quickly. By looking at your local neighbourhood, you can get a fair idea of which houses sell quickly and which take a long time to sell. Selling your home quickly is dependent on 3 factors: the market, the locations and the appeal of your home. There are also a variety of different things you can do that can get your home sold as soon as possible.

Believe it or not, your real estate agent has a lot to do with how quickly your home sells. It’s important to choose a qualified agent that knows your home market very well and who has been selling similar property for some time.

Take some time now to have a good, hard look at your home as if you were looking for a place to purchase. Jot down items that you consider to be good, unfinished, inappropriate or messy. Some people will have trouble doing this in an objective manner, therefore, it is recommended that you get some assistance from friends to do this properly.

There’s no substitute for a good, well thought out marketing plan as this usually results in the quick sale of a home. The more people who realize your house is for sale, the quicker it’s going to sell. Many people rely on word-of-mouth for marketing when, in fact, it is a slow process. In order to sell your home quickly, it’s highly recommended that you get an experienced agent and a well-planned marketing campaign.

Don’t forget to analyze the market, in particular, the type of property you have put up for sale. Be sure that the price is at reasonable level. You may consider reducing your selling price to sell your home much more quickly. If there’s a great deal on offer, many people would consider taking it up, especially if it’s good compared to others in the same market.

The main objective of all this is to sell your home of course. It’s no good putting your house on the market for an extended period of time because it’s unlikely that it will increase significantly in value over that time. To summarize, there are a handful of things that you need if you wish to sell your home as quickly as possible: a real estate agent with a lot of experience, a well thought out marketing campaign and assuring that your home has both interior and exterior appeal.

Jenni Snook is the chief writer of [http://www.Tips4SellingUrHome.com] a website dedicated to giving people important yet very practical tips on successfully selling your home [http://www.Tips4SellingUrHome.com].

Author: Jenni Snook
Article Source: EzineArticles.com
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Selling a new home versus an older home has it own set of challenges. Normally with older homes owners need to spend time and money making minor to moderate repairs before putting the home on the market. Sporadically, there are major repairs that need to be addressed before this can be done or there needs to be some concession in price. With newer homes this is unusual. Things are usually still in fine condition; paint is new, the carpet is not worn, and things aren’t falling apart. When selling your new home your efforts will need to be focused elsewhere.

Determine Minimum Selling Price

If you are selling a new home then chances are something unanticipated has happened. Most families stay in a home for a long period of time before selling so they build equity and pay down the mortgage. Real estate is a wonderful investment because typically over time its worth appreciates. Unfortunately if the home is new then it is likely that not much equity has built up while still having a high mortgage balance. No homeowner wants to experience a loss when selling their home so in cases like this it is important to determine what your minimum selling price is. Take into account mortgage payoff, closing costs, realtor commission, and any other fees that are tied to selling. Depending on the real estate market you may not make a bundle on the deal but at least you won’t lose your shirt.

Preparing Your Home

Even though your home is in good conditions don’t neglect the small stuff. Take the time to thoroughly clean the inside of your home and remove as much clutter and debris as possible. Do this on the exterior as well, trim and mow the lawn and cut back any over grown bushes and shrubs. Make your property look good, inside and out. Since you may not have the flexibility in negotiating price you are going to have to do everything you can to get the most out of it. The price, condition, and amenities are going to be the focus of selling your home.

What Are Your Homes Strengths

Sit down and put together a list of your homes strengths and amenities, such as; hardwood floors, granite counter tops, new furnace, new roof, and so on. Take pictures and include the information on a flyer. When selling a new home you can expect to get more money because it is in good condition but if your profit/loss margin is narrow you need to emphasize the strengths your home has to offer. Go beyond the home itself and look at the schools and neighborhood. Anything that can be a selling point should be considered and find resourceful ways to present this information to buyers.

Develop a Marketing Plan

As you draw closer to putting your home on the market you may consider using a local real estate agent. In this case he or she will take care of the marketing for you but if by chance you can’t afford to utilize their services you will be forced to market the home yourself. To get started, place a “for sale” sign in your yard along with a color flyer with pictures and high points of your home. Contact the local newspaper and take out an ad. Post your listing on real estate sites on the internet and lastly, tell as many people as you know that your home is up for sale.

Hold an open house as often as you can and expect potential buyers to bring representation so be prepared to work with at least one agent. Stage your home so it takes on a warm cozy feel and make your home appear spacious.

Yes, there are hurdles to overcome when selling a new home but it is not by any means impossible. Know what to expect and plan accordingly and you will be able to get through this while getting the best price possible for your home.

Jason is a life long resident of Boise, Idaho and provides real estate information on the Boise Idaho Real Estate Market for buyers, sellers, and investors. Visit BoiseRealEstateInfo.net to get started.

Author: Jason Deines
Article Source: EzineArticles.com
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People find themselves in financial trouble for a variety of reasons. It could be the loss of a job, prolonged illness, divorce, personal/business debt or another life-changing event. When these events occur they can significantly alter the ability of an individual to meet their monthly mortgage commitments. However, what we all need most during times of uncertainty and stress is the one thing that is certain and comforting – our home. So, how can people overcome their financial problems and still remain in their home? The answer is to sell and rent back.

What is Sell and Rent Back?

If you are currently in severe financial difficulty you will be wrestling with the serious problem of not being able to continue making mortgage payments whilst desperate to remain in your home and potentially facing the prospect of your lender starting repossession procedures. It is also very likely you have contemplated the issue of how to sell your house fast and release the equity built up over the years rather than lose it when the lender sells it off at below market value to recoup their investment. Well, that is exactly what sell and rent back is all about.

This process involves you selling your home to a company that specializes in sale and rent back. Then, the company will rent your home back to you, thus allowing you to stay in your home and avoid all the cost and upheaval of moving your family and belongings to another area or town altogether. This really is the best option for many people because they can remain in their home and release the cash they currently have tied up in their property very quickly – completion usually takes around 4 weeks from your first enquiry. Some people choose this option because they cannot afford or are unable to maintain the property adequately. Others choose sell and rent back because it allows them to buy their home back in a certain period of time if their situation improves or else to rent indefinitely (please check this carefully as not all companies offer guaranteed long-term tenancies). So, for those who need to raise cash fast yet who don’t want to move then sell and rent back is probably the best option available and will not adversely affect your personal credit rating.

Perhaps the best aspect of this process is that it is completely confidential. Your private affairs should remain private and when you take advantage of a sell and rent back offer your personal situation will stay that way unless you choose otherwise. If you find yourself in a personal crisis and in need of cash then the sell and rent back solution is one that should be considered. It may not be right for everyone, but it is a wonderful option to have.

If you need to sell your property fast visit http://www.sell-my-house-fast.org and complete the online form for immediate help – sorry UK only.

Author: Marcus Baker
Article Source: EzineArticles.com
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When it is time for you to sell your home in Tampa real estate, you do not simply place your home on the market and just hope it sells. You have to think and do things that can assure you to sell your home quickly and not let it stay on the market for long period of time.

It can create financial pressure on your part, if you wait to sell your home since it can reduce the asking price. Of course, you do not want your home to be stock on the market for long period of time without any offer at all. If you wish to sell your home promptly, you can read on and check out some tips.

You can start by cleaning your home. You can’t attract any buyer if your home is dirty and cluttered. It is hard for buyers to see themselves being in your home if it is unpleasing and dirty. You have to clean up your home thoroughly. You can refresh your home by painting it, you can use cheap paints. If you repaint your home, you can make it looks new and appealing. In choosing for paints, you have to choose neutral colors. You have to think about the buyers and not your own tastes and preferences.

Check out every part of your home. Clean it all up and remove the clutter. Make sure that the bathrooms and kitchen are shining clean and fee from any unpleasing odors. Clean the yard as well. Make sure that you have pleasing yard. Clean up, remove clutter. Put potted plants and plant some flowers to make it attractive enough to catch the buyers’ attention.

You have to develop some plans. If you sell your home, where will you live after? How fast do you need your home to be sold? Do you really need to sell your home? If you really have to sell your home, are you willing to do home improvements, to sell your home with great value. If you are tempted to buy a new home so you have a place to stay, do not. It is better to sell your home first before buying a new home.

In selling your home, you can get a realtor to assist you in selling your home quickly and with great value. Do should not rely everything with your realtor. It is best to gain information on your home on how to sell your home quickly and on how to make asking price for your home.

Of course, you want to gain great deal out of your money, so you have to do all the necessary things that can help you sell your home promptly and with great value. In considering all the tips mentioned you can gain great Tampa real estate experience.

Eliza Maledevic Ayson

[http://www.tampa-realestate.biz/]

Eliza Maledevic writes for http://Jump2Top.com – SEO Company

Author: Eliza Maledevic
Article Source: EzineArticles.com
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A tax lien is a form of security interest granted over an item of property to secure the payment of a debt or other obligation. The government instead of chasing a non-payer down and asking or begging him to pay his taxes will file a claim (lien) against the property.

Tax liens may be able to be purchased from the government in the form of an investment in the event property is not paid within a specified time (and after several notices are generally given), the property may be seized and sold at foreclosure sale. On real property, one of two methods may be used: either the property may be seized and sold (a deed sale), or in some states the lien may be offered to investors (in the form of a certificate) with an accompanying right for the investor, after a specified period of time, to institute foreclosure proceedings.

This type of Investing is probably one of the safest, most lucrative and undiscovered investing methods in the world.

The wealthy have been doing this type of Investing for ages. Certificates are one of the most profitable investments you can make without the risk of the stock market. No matter what the market is doing, you can profit from purchasing certificates and deeds. Here are just a few reasons why tax lien investing is financially sensible:

Able to be done without financing – buying deeds can be like buying real estate for pennies on the dollar. Usually certificates pay a much higher rate than CD’s if they are redeemed, and if they are not redeemed, you can foreclose and either collect your interest or take over the property. Certificate and deeds can be invested tax free through a self directed IRA. Investing in certificates and deeds does not have to take lots of money. Certificate investment allows you to get high interest rates without paying high brokerage fees.

This is the most important information one offer, tax lien investing is one of the safest ways to invest your money and earn an extremely high rate of return. With the right information available, everything becomes easy.

Successful Investing as with most profitable ventures has proven predictable steps that if followed correctly will give undeniable positive financial results.

Ask and answer these questions to start successfully getting a foothold on investing in tax lien certificates or tax deeds:

How do I register for the sale? // What information do I need to register? // How do I clear the title to a property that I purchased from a sale? //How much profit is there? // Can I do this or should I get a lawyer? // Can I buy online? Through mail? // How long to settle and collect my earnings? // Which forms and where to get them?

There is a lot to ask and to know. Not knowing the system of success in this type of investing is frustrating and disheartening. Once these secrets are uncovered and you have the right information available, everything falls into place.

Tax lien investing will give you a better opportunity over anything else in the world to realize your financial success through amazing real estate bargains. A little known investment strategy that barely anyone has even heard of can be your key to financial independence once you learn the secrets of investing.

Stuart J Miller is enamored with tax lien investing. If what you have just read grabbed your attention on the possibilities of investing, go to Tax Lien Investing for more information and a complete ‘System’ to show you how to invest in profitable Certificates and tax deeds.

Plus receive these 3 bonuses FREE-

1) Exclusive private invitation to attend a one-of-a-kind Q & A teleseminar with the tax Lien lady,
2) How to use a self-directed IRA to invest in tax lien certificates and deeds,
3) State guide to tax lien and deed investing in every state.
Tax Lien Investing

Author: Stuart J Miller
Article Source: EzineArticles.com
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