Archive for the ‘real estate’ Category

Bahamas Rental Properties? Try an Exclusive Listing – By Pinder

Monday, March 29th, 2010

Nassau, Bahamas— There are multiple reasons why exclusive listings are the order of the day when sellers have Bahamas rental properties these days, and the Multiple Listing Service is just one of them.

Creating the opportunity to have your Bahamas realtors viewed by hundreds of agents can increase the chances of selling your property quickly and for the best price, said Rachel Pinder, a Nassau Realtor and principle broker of Island Living Real Estate.

Having your property listed on the Multiple List Service helps ensure maximum exposure to other real estate agents and to those in the market to purchase a home

“The only way to get your home on the MLS is to list it exclusively with a licensed Bahamas Real Estate Association agent,” Pinder said. “Once your property is listed on the MLS, it will be exposed to the public at large, as well as more than 200 other licensed real estate agents in the Bahamas.”

When first introduced in the Bahamas, the MLS could be viewed only by licensed real estate agents. That has since changed and now the general public can use the site to view properties and educate themselves on the market.

In addition to the MLS benefits, exclusive listings for Bahamas real estate have become the trend for other reasons.

“It is better for one real estate agent at a time to represent a listing,” Pinder said. “By doing this, the seller will get the exposure of all of the other 200-plus real estate agents, but will have one sole person who will take the responsibility for the house showings, feedback, offers, etc.”

When a home seller enters into an exclusive listing, they put that Realtor to work for them. They are guaranteed that their Realtor will represent them from the time the home or property is listed, until the day it is sold and that the Realtor will negotiate on the seller’s behalf to get the highest price, Pinder said.

There are benefits for buyers, as well.

“If you like a particular Realtor, stick with that person and they will be able to show you all the listings on the market regardless of which company they are listed with,” she said, adding that this set-up saves the buyer time by dealing with just one person.

Multiple showings are not necessary and there is no doubling up in property showings. Working with just one Realtor also gives that Realtor an opportunity to get to know the client’s wants and needs and avoid wasting their time showing properties that don’t align with the client’s checklist of features they want in their next home.

A Realtor provides useful information to their clients regarding property values, neighborhood, market conditions and obvious physical defects.

Read the full article titled “Bahamas Homes for Sale? Try an Exclusive Listing.
About Island Living Real Estate

Rachel Pinder is the principle broker of Island Living Real Estate. Along with her team of brokers, Hazel Wicky, Brenda Knowles and Anthony Wells, the company has more than 25 years of experience in real estate sales and development throughout the Bahamas.
Island Living has Realtors available to assist buyers and sellers with all their real estate needs.

Island Living’s main office is located in one of Nassau’s oldest historic buildings on Bay Street, named “Red Roofs.” Red Roofs was built in 1896 and has been home to various families, a Gourmet Deli and now Island Living.

Island Living Real Estate- bringing the life of the islands to your front door!

© 2010 Sinai SEO services Marketing and Island Living Real Estate. Authorization to post is granted, with the stipulation that Sinai Marketing is credited as sole source. Linking to other sites from this article is strictly prohibited, with the exception of herein imbedded links.

About the Author

If you would like more information about Bahamas homes for sale agent, please visit their Web site: http://www.islandlivingrealestate.com/. Island Living also can provide information regarding Bahamas properties.

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Is Buying A House Without a Loan Possible? – By Steve Gillman

Saturday, January 9th, 2010

Buying a house without a loan sounds great, doesn’t it? No monthly payments. No worries about losing the home to the bank. So is it possible to buy a home without a mortgage loan, even if you just have a regular job and no rich parents to foot the bill? It is.

Saving For A Home

Start saving for your future home purchase – that’s an obvious first step. In the past home prices may have been rising faster than your savings, making this an unworkable plan. But at the moment (2009) prices are actually still falling, making it a great time to save for a future purchase.

You might think you don’t have enough income to set aside money every month. Most likely there is a way, if you are serious about having a debt-free home someday. In fact, in some areas the cost of buying is still more than the cost of rent, so if you think you can buy with a loan, you can certainly rent and save the difference.

In Tucson, Arizona in 2005 (when we lived there), for example, renting a small house often cost $600 to $800 less than buying the same house. If you could buy, you also could rent and set aside the difference. That would have been a good plan, as it turns out, since those homes now sell for a lot less.

If rent is similar to the costs of buying where you are, you still have the option of renting a smaller, cheaper place. That temporary sacrifice will allow to set aside money for your future home. And if you are serious about this you’ll find other places to cut your costs and so increase your savings.

Buying Your First House Without A Loan

It takes a long time to save enough money to buy a home for cash if you try to start out with your dream home. Even setting aside $800 per month like in the Tucson example, would mean at least fifteen years to have enough to buy a typical small house – and that’s assuming some return on your money and prices staying the same.

Fortunately there’s a quicker way if you’re willing to plan well, shop smart and live modestly for a few years. The following example shows you the steps you might take to accomplish this.

1. Find the cheapest apartment around.

You might even consider renting a room to really cut your expenses. With other cost cutting, we’ll suppose that this allows you to set aside about $550 per month. Live there for four years and you’ll have about $28,000 (with interest) in the bank.

2. Buy a cheap mobile home on property.

Move to another city if necessary to find a place under $30,000. A mobile home on property appreciates in value, unlike in a park. You also won’t have to pay lot rent. You want to buy at a truly low price, so take your time, and keep saving while you search.

3. Save more money.

It’s cheap to maintain a mobile home, and you’ll now have no rent nor payments. Even after accounting for property taxes and insurance you should be paying out less than what renting cost you. Because of this you can boost your savings from $550 per month to perhaps $700, or even $1,000 if you rent out a room for $300 per month – something I did easily in my mobile home when I was younger.

4. Move up to the next house.

You can sell this first home a few years later for decent profit because of appreciation and the fact that you bought wisely. That money along with your savings might get you a small home that needs some minor fixing up. If you take your time and buy cheap you immediately increase your assets, so you can more quickly move up to the next home.

5. Continue the process.

The secret here is to always rent or buy less than you can afford, so you are able to set aside money. You use that, along with smart shopping and good negotiating, to periodically move up to a better home until you have your “life home.” This is how buying a house without a loan is possible.

About the Author

Copyright Steve Gillman. To see a photo of the house we bought for $17,500, get a free ebook on how to buy Cheap Homes, and a free real estate investing course, visit: http://www.HousesUnderFiftyThousand.com

Article Directory Source: http://www.articlerich.com/profile/Steve-Gillman/14633