Role Of Real Estate Agent In Vacation And Second Home Markets
May 16, 2011 | 
Author Second home sales have been increasing over the last few years with more people becoming second home owners. In 2005 alone, 40 percent of the homes sold were second homes. Demographics, all time low mortgage rates, and healthy rise in home prices have contributed to this development in the second home market. Besides these, a major factor that has helped augment the buying and selling of second homes is the real estate professional. The National Association of Realtors conducted research on the profile of second-home owners in 2006. According to the NAR report entitled ’2006 Profile of Second-Home Owners’, a majority of second home sales transactions are conducted using the services of real estate agents. The statistics are remarkable; 64 % of vacation home buyers purchased their home using the services of a real estate agent by the end of 2005 – a marked increase from less than 50 % of vacation-home buyers in 2003. Also, 65 % of investment-home buyers purchased their home with the help of a real estate agent – an increase from 53 % of pre-2003. In comparison, only 14 % of vacation-home buyers and 7 % of investment-home buyers purchased directly from builders from 2003 to 2005. Of vacation home sales made, 71 % of them were second homes and 74 % of the sales were made using the services of a real estate agent. Of the investment properties sold, 85 % of them were previously owned and 62 % of the sales were made using the services of a real estate agent. The use of real estate agents in second home sales transactions varied according to the home’ location. Buyers used a real estate agent more frequently while purchasing a vacation home located in a suburb/subdivision (56 %) or a rural area (57 %) than for homes in other locations. About 66 % of buyers who purchased an investment property in an urban/central city area or in a suburb/subdivision, used the services of a real estate agent more frequently than those who purchased a home in other locations. Real estate professionals continue to be the first source of information to second-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). The real estate professional also plays a major role when second-home owners plan to buy additional properties. If you are thinking of buying a second home or vacation home, seek out the services of a real estate agent to guide you through your next home purchase. The percentage of second home owners who are more likely to use a real estate agent in their next home purchase is quite high. Among vacation-home owners it is 79 % and investment-home owners 73 %. Among second home owners, 65 % of vacation-home owners and 64% of investment-property owners are more likely to use a real estate agent in their next home sales. Given these statistics, it is no wonder that the real estate agent plays a pivotal role in helping people buy and sell second homes. So whether you are a second-home buyer or seller, enlist the services of an agent for a smooth, hassle free real estate transaction.
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Tags: Agent, Estate, Home, Markets, Real, Role, Second, Vacation | 
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Belize Real Estate Homes for Retirees
Retiring in Belize must be one of the best things that you can invest on for the future or now, if you are of the right age. Having to start a life in a different land can be quite an adventure and a great way to kick-start it. Imagine a peaceful and tranquil life in one of the most abundant natural environments in the world, where endangered animals and exotic plants can be found. Retiring in Belize means looking for a place to stay and live in. Renting won’t do since investing on a Belize real estate property is highly recommended. There are a lot of people who are very interested in investing on a Belize real estate property since it has the highest appreciation rate to date that would definitely reap profits in the future. You can even pass it on to your children in the future, making it a very ideal property to purchase. Moreover, retiring in Belize has a lot of benefits. Retirees who applied for the Qualified Retired Person program will have incentives such as tax exemptions and the inclusion of their spouse and dependents in the program. The requirements for the program are very minimal that even a 45 year old can apply for. You don’t have to go beyond the age of 60 in order to qualify. The minimum age for the retirement program is 45 and other requirements are very easy to fulfill and submit. This will also give you a quicker process on your Belize citizenship. Live a life of serenity here with affordable Belize real estate properties. Asking a real estate agent can help and would definitely make your life easier or you can check what’s on sale online first. You don’t have to spare too much money of you simply want a decent home. There are a lot of available homes for sale in several parts of Belize real estate. If you want to live a luxurious retired life at a reasonable rate then go down south in the prestigious community of Sanctuary Belize where the most wonderful, eco-friendly homes can be found. Intricately designed, homes here are one of the most sought-after properties in the country because of the beauty and elegance it exudes. Residents enjoy the convenience and comfort the community provides with the best amenities found in the country. With a vast land area, you can explore it while riding a horse, perfect for those who have weak knees but would still like to tour the vicinity. This is simply one of the amenities available.
Beautiful Belize Real Estate Homes
Belize, a South American landmass made up of beach shores and forests filled with scurrying animals and inhabited by a diverse mix of locals who love the happy and eclectic beats of their music. If you like tropical places and Caribbean paradise islands then there is no other place for you than Belize. Visiting this place would definitely give you a refreshing view on tropical vacations. In the past years, the Belize real estate industry has experienced a rapid growth of sales coming from foreigners, and these foreigners have purchased vacation homes, have migrated here or have retired here. There are a significant number of people wanting to invest in such a place as Belize real estate properties are proven to be one of the most affordable properties in Central America. Investing on a vacation home at this time of economic crisis is definitely a good decision to make since there’s a high possibility that the economy will look up in the future. So, strike while the iron is hot. Investing on Belize real estate property won’t have to wipe out all your life savings. In fact, the most beautiful thing about Belize real estate properties is they are very reasonably priced. Homes available here have a wide range of selections, and there will surely be a home that would fit your budget and match your needs. The homes are grand and majestic, but aren’t that expensive. They say that homes here are twice as grand but half as cheap as one would pay in their respective countries, which is true most of the time. Belize is still considered to be a developing country, which means the standard of living and economy can’t really compete with developed countries such as the United States. Therefore, the Belize real estate rates differ greatly. The Belizean dollar is pegged to the US dollars by a ratio of 2:1, which means B is equal to US. This information will guide you on the economic standing of Belize. Homes that aren’t in communities tend to be cheaper in this country, especially the ones found in towns outside the capital city. However, security can be quite a factor here that is why buying a home in secured communities is still the best bet option. There are a lot of communities in Belize. There are those which are in the town of San Pedro, but you would have to ride a boat first to reach it, making it quite a hassle when going to the mainland. The best deals for beautiful homes can also be found in the southern area of the country. Sanctuary Belize real estate is one of the most wonderful communities one can ever live in the country. This community is home to beautiful beaches and has five boutique hotels with differing themes depending on the environment they are in. Homes are built gorgeously to pass the taste of its homeowners, and they also come in reasonable price tags. Luxury is what really spells out this community, but with friendly rates. Anyone can definitely afford luxury in this place.
CT Real Estate Investors Association (CT REIA) Announces 2011 Real Estate Investor Workshop For New Investors
The Connecticut Real Estate Investors Association, or CT REIA, is announcing the start of its 3-evening new investor workshop. This program will begin on Thursday, February 3, 2011. Additional dates for the program are Thursday February 10 and Thursday February 17. This workshop will take place at the Comfort Inn, 900 East Main Street, Meriden, CT from 6:00pm to 9:00pm. Tuition for this 3-evening program is 0 for CT REIA Members, and 0 for not-yet-members. CT REIA is pleased to present New England’s top real estate investor workshop for new investors. This program is designed to give new investors an opportunity to learn in detail how to get started in the real estate investing process. Experienced investors also participate in this program to find out what is working in today’s market. Students of this workshop will learn the basics of real estate investing and the best paths to take in today’s market. The program will cover the basics of wholesaling properties, rehabbing (also known as flipping), how to sell quickly, and holding for long-term income. Topics that will be discussed include: how to create lead generations, working with realtors as part of buying and selling investment strategies, how and where to find great investment properties, how to inspect properties with confidence before you invest, how to evaluate every deal properly, how to make offers with confidence, how to wholesale properties, how to estimate and manage projects with confidence, how to deal with contractors, how to retail investment property, tools and tips for landlords, and much more. Each month, a nationally known real estate investment trainer is featured. Real estate professionals, investors, landlords, property managers, realtors, contractors, wholesalers, rehabbers, and the general public are invited to attend our meetings. CT REIA is an organization that provides motivation, networking opportunities, and up-to-date education for people that want to buy their own home or investment property.
Posted in Real Estate | Tags: 2011, Announces, Association, Estate, Investor, Investors, Real, REIA, Workshop | No Comments »
Connecticut Real Estate Investors Assn. (CT REIA) Announces January 2011 Meeting With Cameron Dunlap
The Connecticut Real Estate Investors Association, or CT REIA, in association with Cameron Dunlap, is announcing the CT REIA January 2011 monthly real estate investors meeting. This event will take place on Monday, January 24, from 5:30pm to 9:00pm, at the Crowne Plaza Hotel on 100 Berlin Road in Cromwell, CT. This event is free for CT REIA members, and for not-yet-members. At this event, attendees will learn the following aspects of REO (bank-owned property) investing: how to quickly flip foreclosures for fast cash without any of your own money or credit; how you won’t ever fill out a loan application or need to qualify in any way; how you won’t deal with contractors or handymen or do any repairs; the step-by-step system that will help you flip foreclosures in today’s market; why pre-listed properties can help you beat the competition and how to have them at your finger tips; how to use “bird dogs” to increase profits without doing more work; how to systemize a successful business even if you’re on vacation; how to sell houses quickly and easily in this market; how to find funding without using your own credit or resources. Cameron Dunlap is the nation’s leading expert in flipping Bank Owned Foreclosure Properties, also known as REO properties. Since 1993 Cam has mastered the craft of turning foreclosure properties into immediate paychecks. His students learn how a simple step-by-step system can allow them to grab a share of today’s once-in-a-lifetime foreclosure opportunity. He is also a lender who provides his students with the funding needed to make deals. Cam has been a real estate investment educator since 1995. He sends his students home with a real world understanding and the tools needed to launch them into the highly lucrative Real Estate Investing business. Each month, a nationally known real estate investment trainer is featured. Real estate professionals, investors, landlords, property managers, realtors, contractors, wholesalers, rehabbers, and the general public are invited to attend our meetings. CT REIA is an organization that provides motivation, networking opportunities, and up-to-date education for people that want to buy their own home or investment property.
Posted in Real Estate | Tags: 2011, Announces, Assn., Cameron, Connecticut, Dunlap, Estate, Investors, January, Meeting, Real, REIA | No Comments »
Seattle real estate mortgage rate watch 12/23/2010
Seattle real estate mortgage rate watch 12/23/2010
Article by Seattle Real Estate Reel
Posted in Real Estate | Tags: 12/23/2010, Estate, Mortgage, Rate, Real, Seattle, Watch | No Comments »
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Video surveillance has proven to be a major deterrent to criminal endeavor and provides valuable evidence in criminal lawsuits. Some businesses give used their footage to refute both customer and employee claims with the intention of may possibly give been lengthy and costly lawsuits. Safety can be improved as well. With cassette cameras positioned outside your back entrance you continually know who is on the other border.
Seattle Real Estate Mortgage Rate Watch 12/27/2010
Seattle Real Estate Mortgage Rate Watch 12/27/2010
Article by Seattle Real Estate Reel
Bellevue / Seattle Real Estate Mortgage Rate Watch: Mortgage Rates holding from last weeks nice gains, BUT China had a Christmas Surprise by RISING their lending rate by .25%. This is the second HIKE since October this year. The Peoples Bank of China is fighting INFLATION that has risen by 5.1% year over year.
With Wall Street trading light for the Holiday week. This move by China may pressure the U.S. bond Markets to react in the short term to keep investor funds. HOW? By increasing yields to keep those funds invested in our market. BUT keep in mind that this will come at the cost of RISING rates, which will pressure MORTGAGES to also move higher. Watch TODAYS video for more insight.
Seattle and Bellevue home mortgage rates will fluctuate daily and sometimes hourly depending on the volatility and economic news. A simple way to follow the trends of impacting news is to review the Events calendar on http://www.themortgagereel.com. We will provide the daily impacting news in advance to help advise.
We will continue to post updates with current trends. Depending on your goals for locking your rate. If you are on the short term, play close attention to the market. If you are on the long term and have more time, make sure you secure on the best day.
Currently Seattle and Bellevue real estate is greatly impacted with the historically low mortgage rates. Did you know that a ½% change in interest rates is equal to a 5% change in the sales price of a home? That means the recent dramatic drop in interest rates is equal to at least a 10% reduction in home sales prices.
With recent mortgage rates sitting at historically low rates, you are receiving even a better opportunity for purchasing local real estate.
If you are considering refinancing your home, please follow the break-even point to make sure you will receive a financial benefit!
About the Author
Assisting Seattle and Bellevue homeowners obtain a structured mortgage to financially benefit and compliment their real estate goals. With mortgage rates at historical lows, it is important to structure your financing goals now, for the long or short run to secure your financial savings.
Posted in Real Estate | Tags: 12/27/2010, Estate, Mortgage, Rate, Real, Seattle, Watch | No Comments »
Seattle Real Estate Mortgage Update 1/20/11
Seattle Real Estate Mortgage Update 1/20/11
Article by Seattle Real Estate Reel
Seattle Real Estate Mortgage Update 1/20/11
Seattle Real Estate Mortgage Update 1/20/11
Article by Seattle Real Estate Reel