Category: real estate
Actually, a cell tower lease is when a wireless carrier or service provider identifies a strategic area where he can build a new cell tower on a private property. After identifying and contracting the property owner, the network service provider or carrier company is allowed to have the tower installed on the area. However, the service provider has to pay the property owner some amount of money either monthly or at the end of every period agreed by both parties as long as the tower remains installed on the asset. This characterizes the ground long-term lease contract.
Under this conditions, the carrier is expected to pay a certain amount of money to the landowner at the end of every period agreed in most cases monthly installments. The significance of a tower, its location, and its installation type are some of the factors used to determine the cost of its rental or lease fee. On the contrary, a Cell Tower Lease Buyout is a contract between the property owner and a acquisition company whereby the lease ownership is sold to the acquisition company by the leaseholder.
This lease is sold at a considerable amount of money just like how real estate assets are sold. However, when you compare the lump sum amount with installments paid over a certain duration, the lump sum amount is less. People will decide to seek These services due to various reasons. The main reason for people to sell out These contracts is to cater for emergency situations that may demand a huge amount of money to fund. Medical bills, debt collection, college tuition and tax bills are some of the factors that make people sell out tower leases.
You can also liquidate the lease when planning to venture into another business such as expanding or buying a business or real estate property. This Service is advantageous in that it can help you get funds to start or expand another business that can yield more benefits compared to monthly payments received from the lease. However, before deciding to liquidate your lease, there are some things you need to consider.
The sale amount is one of the major factors. This should be based on long-term benefits that come from the service. On the other hand, you need to consider income tax benefits, requirements and capital gains. Area viability is another factor worth considering. This is because the demand for cellular networks is determined by population growth rate.
Therefore, if the growth population growth rate in your area is high, you need to receive a higher pay on the buyout. You also need to consider the process costs and procedures. That is why you need to visit related Websites for you to Read More as well as consult with professionals in order to discover More About the whole process. Selling out a lease can be a good source of investment funds or retirement package.
4 Critical Tips To Choose The Best New York Real Estate Agent
The gravity of buying a real estate property is something that’s not to be underestimated. Regardless of where you are today, you surely would have already realized that the difficulty of finding a property is a global problem but, this is more intense when you are looking for a New York Real Estate property. This bustling city is simply ginormous with heaps of real estate properties that comes with extremely expensive price tag for some. However, if you are planning to move to this city, you need to make sure that you have the assistance of the best New York Real Estate Agent. Read more here in this page and find out how you could end up with the best agent in this particular market.
You should already be aware that when we say real estate property, we refer not only to houses but also to condominium, apartments and more. It’s definitely going to be better for your experience, to be able to pinpoint the type of property you want to purchase before you even set off into the robust market of this City. Of course, this would involve pinpointing your budget as well. By preparing these things from the start, you’ll surely find yourself in a road that’s more seamless than what you could have ever imagined.
Talk to any professional in the industry and you’ll surely find out that they will all tell you to stick with real estate agents that are particularly well-known in the area where you’re planning to live in. It is also suggested for you to scour the area itself for properties and you may even stand to have a chance to ask for suggestions from locals. If you aren’t that confident that you’ll get feasible results just by asking for recommendations, you could also read reviews online and through different websites, find some top agents that you could work with.
It’s already a given already, that experience is tremendously important for real estate. You’ll know that an agent who has worked hundreds more properties in the market, ought to have more experience, knowledge and skills other than the competition. It would even be a whole lot better if they are miraculously more involved with the type of property you’ve been looking for right from the start.
Through the steps above, you should already have prospect agents you want to work with but of course, don’t make a decision yet and instead, opt to talk with the expert. In your talk, see if they possess top reputation and are in demand but of course, they should have ample time as well to give to you. You should also look at the attitude of the real estate agent and trust your guts as to whether you could work with the other party with no problems at all for months or an indefinite range of time.
Cite: my blog
Buying the Perfect New Home for Your Family
As a good family person, you have to make sure to provide them the basic needs, such as having a home. Once you have a home, you will definitely cherish it. It can also make your family feel protected, with or without your presence. Since it is for the good of your family, make sure to pick the one that will suit your family’s way of living. Through this website, you will be receiving the pieces of advice, which came from experts. Here in front of you is a blessing that you must use to guide you into your future home.
As of now, many new homes were built to be sold. It is quite a challenge to spot the best home but through this site, it will be worth something amazing. If your concern is your allotted budget, then worry no more. Because of some changes in the economy, home value has declined, giving you an opportunity to buy a home within your budget. View here for new homes with good prices.
Having a list of the homes that you would like to see is also a great idea. Remember that it does not mean that it is expensive that it is already exceptional. There are companies that create wonderful homes without putting too much on the price. This service that they provide is something that you deserve. This product that they produce is of high quality, which you should check out. Click here for further info about the offers of the best company, which sells new homes.
If you believe that you are a smart buyer, then set your standards. Consider the size of the bedroom, the condition of the house, the floors, the roof, and so on. Every part of the house must be good and pleasing for you. Never be contented with pictures and videos. Visit the home wherever it is located. Read more now to know the benefits of a quality home. Check it out now to apply it as you go house hunting.
The future of the area that you have chosen to live in is also important. If there are many establishments that are soon to rise in the area, there is a big possibility that the land’s price will go up. Through these establishments, the economy of the place where you are staying will improve, giving you a wonderful chance to get the most out of your home. You can even sell your home at a higher price in the future if the community would improve. Discover more about the right places to live by clicking here.
Buying a home is a serious task that needs serious research. Dealing with the best company is possible to do through this site. You will truly be taken care of by a good company that will give you a high-quality home. Click for more details here to contact the best new home dealers now.
Everyone has heard about that lifestyle that seems to be fairytale-like. People were born in a certain town, they got married, purchased a house close to their parents, or even move in the house where they grew up in after their parents passed away. There was no rush, especially since people would already know where they would spend and work for the rest of their lives. Without Internet and without a well-developed real estate market, people didn’t feel the need to sell or advertise their houses the way they do it today.
Nowadays, things have changed, and few people remain satisfied with this kind of life. Everything is changing so fast that it’s hard to keep up. Many people lose their jobs or have to relocate because of their work. Kids and parents no longer live together, let alone in the same neighborhood. Many couples know that, due to a military transfer or a change in one’s job, they can be forced sell their property fast and move away.
A recommended manner to ease the way in which these things can be done is by preparing for this in advance. You should learn the best way to encounter a buyer when the urge to sell your property holds no delay. You have to be familiarized with your choices and the ways in which you can get a good price and an efficient selling. There are lots of sites that display information of this type, and which can be of assistance in preparing you for what might come next.
It would be a great thing to have the time to investigate and check all the offers for your house, but this is not always doable. Most of the time there are only a few buyers, especially if the economy is rough. If you move due to the relocation of the factory, you can expect more families to go through the same experience. This means more offers and less buyers. Those who will manage to move fast will be the ones that have done their research and have alternatives for multiple situations. They will be in control and they won’t have to fear the unknown or the unexpected.
Brokers seem like a good choice especially since it is their job to sell or buy houses, but believe it or not, they don’t have that many resources all the time. It is always more comfortable to them to work with people who’ve they met before. This can easily be done when you are doing research. Ask questions and listen carefully to the answers. Explore the benefits or the downsides to all the options that you come across. This will help you move very fast when you have to sell a property because you will have done already most of the work, and the sale will finish in a fast and rapid manner. You will end your selling easy, fast and without any troubles. Everyone will want to do business with you!
I previously shared the steps for creating a professional plan for a real estate project; the importance of obtaining third-party validation; advice in how to find the right financing sources; and suggestions on presenting the project professionally, then closing the deal. This approach will enable you to obtain financing term sheets, letters of intent and/or financing commitment letters from lenders if your project is financially feasible and falls within the lending parameters of the financing institutions that you approach. Nevertheless, financing always requires a cash contribution, as 100% financing is not realistic in today’s market.
Lender requirements for cash equity contributions, deposits or down payments, typically fall between 15% and 40% of the total project cost (85% to 60% Loan-To-Value ratio). A portion or all of the equity value in the property can sometimes help reduce the cash deposit requirement, but it is very unlikely for a conventional lender to completely eliminate the cash contribution requirement because lenders want to ensure that the principal(s) are vested in the project, or have “skin in the game”. The cash deposit is necessary to close the loan and obtain financing.
So, where does the cash deposit come from? There are several potential sources:
Your partner’s pocket (if you have one)
Equity from another property you may own (if any)
There are many advantages to infusing the cash equity requirement yourself, including the fact that you retain all profit and full control of the project at all times. This can often be the most advantageous funding structure because it maximizes your profit and control. However, there are also advantages to securing equity participation from investors, including:
· Less cash out of pocket enables you to be more liquid, retain more cash reserves and/or diversify your investments to earn profits from other projects or endeavors simultaneously
· Reduces your risk and exposure in the project
· Enhances your financing capabilities
There are 3 basic steps for securing equity capital for your real estate project:
Prepare an investment proposition
Source like-minded investors and private investment organizations
Investment negotiations and agreement
1) Investment Proposition
There are many ways to formulate an investment proposition. I’ve seen an investment proposal written on the back of a napkin… and the deal was funded! (This was a developer seeking an investment from his grandmother). I’ve seen verbal agreements get funded by family members. I’ve also seen very intricate, elaborate and lengthy investment proposals not get funded. How you document your investment proposal is extremely important. The first two examples were appropriately prepared for their intended audiences; the third was not. If your project is financially feasible and can demonstrate reasonable gain for investors, securing investment capital becomes a function of proper documentation, sourcing, presentation and negotiation.
Regardless of whether an investment proposal is intended for a family member or a sophisticated investment organization, proper documentation always enhances your ability to secure funding. Your proposal should be professional, clear and concise. Following are some basic suggestions for documenting your investment proposal:
1. Provide a brief executive summary describing the project and the investment proposition. Within the executive summary, outline the investment amount required, return on investment, time-frame of the investment, and discuss the security, collateral and/or equity value that can help protect the investor.
2. Provide a financial summary of the uses of funds, sources of funds, operating projections and cash flow of the project.
3. Discuss the funding structure and capitalization plan.
4. Attach term sheets, letters of intent, financing proposals, and/or commitment letters from prospective lenders.
5. Attach the project plan.
Source Like-Minded Investors and Investment Organizations
Where do you find investors that would be interested in participating in your project? If your project is financially feasible and you’ve prepared a professional plan and a concise investment proposition, then you’re only steps away from finding your equity investor(s). It takes time and determination, but it can be a worthwhile effort that can last beyond a single project. Here are some suggestions for obtaining sources:
Contact local and regional mortgage brokers, real estate brokers, title companies, real estate attorneys, and other real estate professionals. Offer a finder’s fee.
Place ads online and in local and regional newspapers.
Prepare a project web page where prospective investors can find the project and review/download pertinent documents, including your investment proposition.
Hire a consultant or financing broker that specializes in securing equity participation.
Review your own contacts and business cards – You’d be surprised at how fruitful this effort may be.
Attend networking events and or conferences for private investors in your area and/or region, then collect business cards and make follow up calls and meetings.
Dedicate time to making calls, setting up appointments and engaging in meetings to present your project to prospective investors. Become an expert at presenting your project. Prepare a multimedia presentation to help them focus on the points you want to stress. Don’t stop until you get it done. If your project is feasible and profitable, it can get funded with proper determination and effort.
Investment Negotiations and Agreement
How much should you offer an investor? Depending on the nature of a project, perceived risk, profitability, location, your experience, competition, demand, supply and numerous other factors, I’ve seen investors require from 5% to 95% of the project and/or profit. Most investors want to see that you have “skin in the game”, generally 10% to 50% of the amount you ask them to invest in the project. Demonstrating that you have invested in the project or that you will invest into the project is adds value to the deal. You should document this clearly and provide evidence of the time and money you have invested in your project.
Other items that are open to negotiation include the percentage of control in the project, roles of the parties, reporting procedures for the investors, etc. You should provide benefit and value to the investors, but at the same time you don’t want to lose all control or receive minimal gain for your efforts. Finding the right balance is extremely importance. This is accomplished through open dialogue and effective communication between the parties.
There is no global formula for this, so it’s impossible for me to provide accurate advice on what to propose investors for your specific project. I would strongly recommend getting advice from a savvy attorney who can assist in preparing the investment agreement and structuring the investment terms. Meet with your attorney first so that you have an original structure for the deal; then use your attorney when negotiating any modifications with prospective investors.
When it’s time to make a big change, life may offer a subtle sign, like a spouse’s note on your pillow that reads, “I never want to see you again”. But how do you know when to nail that “For Sale” sign in the front yard of your real estate?
As life-changing decisions go, selling your home is right up there. Whether it’s to take a promotion, care for aging parents or something more personal, only you can say if it’s the right move for you. But if the choice to sell real estate has been made and the only thing left to decide is the timing, a few pointed questions should tell you if that time is now.
Can We Afford it?
It sounds like an obvious question. Yet given that household total credit-market debt – mortgages, consumer credit and non-mortgage loans – rose to 162.6 per cent of disposable income last year (how is that even possible?), it’s not. Maybe you got in over your head with your first home, but now that you’re slightly older and much wiser, take a close look at your finances before making a move with real estate:
• Is all of your non-mortgage debt paid off?
• Do you have an emergency fund with 3-6 months of expenses put aside?
• Has your home recovered enough value to give you at least 20% equity for your purchase? This will enable you to make a 20% down payment on your next home, saving you thousands of dollars in mortgage insurance costs. If you don’t know the answer, ask an experienced realtor for a free comparative market analysis that will indicate the approximate market value of your real estate.
If you answered “yes” to all three, you may be ready to take the plunge in selling real estate. If you’re not sure what an emergency fund is, you still have work to do.
Are We Still Emotionally Attached to our Current Home?
Do you tear up when you see the notches in the wall where you measured your child’s growth, or do you just think “they must have an app for that now”?
On the other hand, you may have recently experienced a divorce or other loss that necessitates a fresh start.
Usually the reality is somewhere between those two extremes. Whereas the question about finance was directed at the head, this one is clearly for the heart. If you’re quiet for a moment, it will tell you what to do. You just have to listen.
Remember, an expert realtor can offer a wealth of advice on the sale of your real estate. If you’re not ready to take it, however, you’re not ready to sell.
Does our Home Still Fit our Lifestyle?
In most cases, moving out of real estate is more than just moving over. It’s moving up or down. If you have a new addition or one on the way, it might be time for another bedroom or two to keep the “happy” in “one big happy family”. Conversely, when the kids (finally) leave the nest, downsizing can mean less upkeep and more time to enjoy the peace and quiet. After all, you’ve earned it.
With so much at stake and so many factors to weigh, the decision to sell your real estate is rarely a simple one. Nevertheless, taking stock of your finances, emotions and lifestyle can go a long way to giving you clarity. And if you should get that nasty note on your pillow, look on the bright side. Your moving decision just got a whole lot easier.
Moving in winter poses special challenges, whether you’re moving between two high rise condos in the same city or crossing the country. Although the weather is far less conducive to the hard work of moving, it can be cheaper to hire a moving company at this time of year. Whether you’re using a professional outfit or relying on the kindness of friends, following are a few pointers for making the first day in your new home as smooth as possible.
Be sure the new house is ready for the move before you head over with all your belongings. Check that lights and plumbing are working and if the weather’s nippy, consider having the heat on for a few days so it’s warm for the move-in.
Clear the Snow
Slipping on snow and ice can turn a simple move into a disaster. Before you even start, make sure all walkways at both old and new homes are clear; ice or sand if necessary. Keep shovels, salt and sand on-hand.
Whether you’re using a moving company or getting help from a gang of friends, be sure there’s adequate parking for the moving truck at both locations. Parking at urban condos can be particularly, and this could mean a bit of negotiating with new neighbors or the landlord if space is tight.
Protect Your Floors
Winter’s snow, ice and salt are notorious for dirtying up or even scratching some kinds of flooring. Protect floors and carpets with big pieces of cardboard or plastic sheeting for the big day. You can use duct tape if the floors can withstand it, and small tacks work well on carpeted areas.
Have a Plan B
With the constant threat of winter storms, there’s always a chance that your move will have to be rescheduled. If you’re using a moving company, call and see what their storm policy is, as some may want to reschedule the move, meaning you can’t move out and new tenants or owners can’t move in. Check with your landlord or real estate agent to see if it would be alright to stay a few more days. If you can’t, you may have to arrange a few days of temporary housing.
Keep an Eye on Mother Nature
If you’re moving a distance, keep an eye on the weather along your travel route, checking with local authorities by phone or on-line if the forecast is ominous. Scout out overnight accommodations in case you need to make an unexpected stop.
Prep Your Car
Be sure your car is serviced and winterized, with brakes and tires checked and fluids topped. If you have chains, be sure you know how to use them, doing a trial run on installation in the garage before you go. Carry salt or kitty litter in case you get stuck, pop a snow shovel and blanket in the car and be sure you have a gas can and roadside assistance membership.
Keep a List
Your winter move emergency contact list should include roadside assistance, highway control and a number for road conditions. Be sure someone who’s not on the moving trip knows the route your taking and schedule a call-in with them to be sure all is fine.
Not only do you want to stay warm and dry during the move, you’ll want to be sure your helpers are comfortable. Bring along a bag of gloves, hats, sweaters and socks in case of changing weather or wet clothing.
Feed the Gang
Keep your moving pals warm and well fed by keeping hot drinks and easy cold weather eats like chili and instant soup mixes on hand along with morning donuts and lunchtime sandwiches. Try to have a warm space in the house for enjoying a tea break, and be sure to have mugs and spoons along with paper cups and plates.
Cast your minds back to the start of 2014. There we were, twiddling our thumbs, wondering if the real estate market would ever recover from the GFC and return to those golden years of growth in the early 2000s. None of us could have anticipated the growth we experienced in our capital cities in 2014. But where does this leave us for the rest of 2015 and into 2016?
Let’s begin with Sydney. After a stellar year in 2014 that saw the real estate market rise by 13.9%, Sydney is expected to rise again by another 8% this year.
It’s forecasted that Hobart and Canberra are set for more growth over the next year, with Hobart expected to rise from 2.1% to 4%, and Canberra to scale from 0.9% to 2%.
After seeing great rises in 2014, Melbourne and Brisbane are expected to plateau over the next year at 4% and 6% respectively.
The real surprise
The surprise package that has everyone excited is the upsurge of Darwin. After experiencing a loss in growth in 2014, Darwin went from -2.5% to being expected to grow by as much as 2%. After a really good decade of growth, Darwin has dropped off the top of the list in the past 2 years, and against what some experts had predicted, has re-established itself as one of Australia’s best places to invest in housing.
Real estate market auction clearance rates
Last month, we witnessed an ‘auction frenzy’, as one weekend saw an unbelievable 79% of auctioned properties sold nationally. That is the second highest level in data going back almost seven years. Buyers are seeing no end to these price rises, with the median price for a Sydney house now in excess of $900,000, with Melbourne approaching a median house price of $700,000.
What does all this mean for you?
2014 capped off a year that saw capital city homeowners add an average of 7.9% in value to their properties, and experts are again forecasting more growth.
Prices in our capital cities have more or less doubled in the last 10-12 years, and in particular parts of those metropolitan areas it has gone through the roof. What we all need to figure out for ourselves is not ‘when should I buy or sell’, but rather ‘where’.
Some say that, if you’ve considered selling, there’s never been a better time. And with the national real estate market set for more growth in the up-coming years, cities such as Hobart, Canberra and Darwin have emerged with great opportunities for buyers and sellers alike.
Some of the important features of communications in the Real Estate industry are enumerated below:
Communication of Trust: Buying or renting a property is one of the more significant decisions in our life. And therefore, it also becomes a crucial one. No one makes a decision on this aspect without being able to trust the other party or the offerings available. Therefore in the real estate space, sellers & agents ought to be able to communicate trust to their consumers. Inability to communicate trust or breach of trust in the middle of a transaction can lead to serious implications for both the buyer and the seller.
Communication of Availability: All consumers would like to have an assurance that the seller is available post-sale for any contingency. Often, in case of real estate agents, they are working on multiple leads and might find it difficult to tend to each one of them at the same time. Going incommunicado only heightens consumer anxiety while the agent might be genuinely tied up. Communication technology now allows for remote handling of calls, or auto call forward options which can keep your consumer at peace.
Communication of Transparency: A real estate agent is often misconstrued to be only interested in his own commission even at the cost of endangering a consumer’s interest. However, often it is overlooked that the agent himself might be in the dark on certain issues. Documents and land records are easily fabricated in the physical realm, with the agent completely being unware. Therefore, the emergence of digital records and ownership records means that all the stakeholders involved can swear by improved transparency.
Communication of Consumer Interest: The consumers today are far more knowledgeable, informed and keen-eyed than those from yesteryears. There is a greater availability of information and improved means to cross-verify everything spelt out by agents and sellers. Thus, it is increasingly important for real estate players to embrace the virtue of consumer interest. If an agent or agency fails to communicate the fact that they remain squarely committed to the interest of the consumer, they are unlikely to build any form of viable consumer connect.
In the real estate space relationships count for much – both the real-world and virtual. The relationship forms the basis for trust consumers place in agents. And the fundamental building block of these relationships is to be able to communicate with the consumers. Communications is not limited to spelling out the property details. It is about impressing upon the consumer that the real estate business is trustworthy, available, and transparent and has consumer interests on top of their mind at all times.
Apartment is defined as, a set of rooms which have all the facilities like a house. The major types of apartment are studio apartment, bedroom apartment, duplex, lofts, garden apartment. If I was asked where I would I prefer to live in a traditional house or in a modern apartment building, I think, I would hesitate to answer. This question, from my point of view, is a controversial one. In the following paragraphs I will analyze both these options and present my view.
It’s everyone’s dream to have a comfortable place to live. As the majority of people say, I want to get an attractive house someday, but unluckily it is not so easy to get because it is very costly. But there are several differences between owning a house and renting an apartment. The first difference is the noise. If you are renting an apartment and you are a noisy person, it is very painful for the rest of the people who live with you. For example if you are always playing melodic instruments, listening to loud music and cleaning the house with noisy machines you are really troubling the other people and I’m sure that you wouldn’t want to be in their place. But also, in a lot of cases the noise depends on if the owner permits it or not. In contrast, owning a house is more comfortable if you are a noisy person because you are the owner and responsible for all the things of your house and you don’t have to care of disturbing someone. For example, if you are the owner of the house you are free to even have a noisy party or whatever you want because it is your house. The second and most important difference for me is about the policy. When you live in an apartment, you have to comply with the owner’s policy. For example, you have to ask for him or her if you are free to have visitors, pets, parties, etc. On the other hand, when you rent an apartment, you are not as free as you are when you are the owner of a house to do whatever you want. In contrast, owning a house permits you to be free without caring that someone is dissatisfied with your ideas and decisions about your house. In this case you can paint your house, buy a big tape recorder or do all the things that you want. In conclusion, I prefer owning a house that is better than renting an apartment because I can be free to do whatever I want, without policy and it gives me more sovereignty and relieve.
From the one side, living in a modern apartment building brings many paybacks. First of all, it is cheaper than living in a traditional house and paying different kinds of fees I am not familiar with. For instance, my buddy, who recently bought a new house for his family, told me that it is much easier to live in an apartment and I tend to believe him when I see his bills. So, living in an apartment will definitely help me to save some money. Second of all, since I live alone, I do not need a big house with many rooms. I just need a bedroom and a living room where I can take my guests and have my work place. Another important benefit of living in an apartment is that I will not have to buy much weighty furniture in order to furnish all rooms.