Tag Archives: Home-Buying Business

Scottsdale Real Estate Demand Surges as Tax Credit Got a New Lifeline

The Scottsdale real estate market is again soaring high, thanks to Pres. Obama, and his decision to extend the tax credit deadline on the home deals for the first time home buyers till April 30, 2010. The original deadline for the $8,000 tax credit break was November 30, 2009. The Obama administration has also made some changes in American Recovery and Reinvestment Act of 2009 to enable existing home owners avail the tax credit on the purchase of a bigger primary residence.

The updated version of the tax credit has announced a tax break of 10% of the total purchase price of the home amounting to maximum $8,000 for the first time home buyer. It also includes a tax break of $6,500 for the existing home owners who want to shift to a bigger primary residence. To qualify for the first time home buyers’ tax credit, the applicant has to show that he or she has not owned a home in last three years. To qualify for the existing home owners’ tax credit, the applicant needs to show ownership and occupancy of a primary residence for at least 5 consecutive years in the last 8 years.

“In Scottsdale, since the news came, we are seeing a significant rise in the inflow of buyers,” said Morgan H Hodges, a managing partner of MoJo Realty Group. He further added, “The first phase of the credit break pulled the first time home buyers into the market, and this new extension worked as a magnet to pull those who always wanted to move into a bigger and better house. Scottsdale real estate is hot now.”

Any single tax payer or married couple filing joint return can apply for the tax credit. The single filer should have gross earnings of less than $125,000, and joint filers should have gross earnings of up to $225,000 to avail a full tax credit under the updated American Recovery and Reinvestment Act of 2009. A single filer earning between $125,000 and $145,000, and a joint filers earning between $225,000 and $245,000 will be eligible for the partial tax credit only. Any single filer earning more than $145,000, and any joint filers earning more than $245,000 are not eligible for any tax credit.

One should keep in mind that a property of more than $800,000 sale price will not qualify for the tax credit, and to qualify for the tax credit, the property contract needs to be signed on or before April 30, 2010 and the sale should be finalized on or before June 30, 2010.

“Everyone in Scottsdale is happy with this extension and inclusion of existing home buyers in the tax credit,” said Josh W. Hintzen, managing partner of MoJo Realty Group. “These changes have brought many buyers into the market. The demand for single family homes is one the rise, and the home prices are steady. As of now, we are not seeing any sign of decline in the Scottsdale real estate market in the coming months.”

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HomeTelos LEO Program Achieves Market Success as Foreclosure Alternative

HomeTelos Loan Exit Option (LEO) program has demonstrated market success as an effective approach in avoiding foreclosure for borrowers, investors, and mortgage servicers. The LEO pre-foreclosure home sale program is faster and has significantly higher closing success rates than traditional short-selling programs. The HomeTelos LEO system aligns the interests of borrowers, servicers and other interested parties through its unique workflow management system, which qualifies properties for pre-foreclosure sale. When qualified, LEO then facilitates property sales through its dynamic online marketplace that brings motivated sellers & buyers together. Mortgage servicers can better help borrowers avoid foreclosure through HomeTelos’ integrated and streamlined LEO system and processes. Costly, frustrating, and ultimately unsuccessful sales efforts are avoided without heavy staff demands being imposed on servicing operations. HomeTelos LEO Program Achieves Market Success as Foreclosure Alternative

Since LEO’s launch last year, LEO properties upon listing have averaged 37 days on market, 4 offers per property and sales prices that average 96 percent of list price. A key to this success is real-time communication between real estate brokers, servicers and investors, allowing LEO to average only 3 days from buyer’s offer submission to servicer’s acceptance or rejection. According to a Florida borrower, “we were getting nowhere, losing our job then our home. We appreciated the quick action in getting our short sale resolved in this market”. LEO provides loan servicers with assurance that the property is widely marketed, offers represent real market value and that closing issues are resolved in advance. Borrowers avoid foreclosure proceedings, critically damaged credit ratings and the threat of lender recourse for loan payment shortfalls.

According to HomeTelos President Stephen Polley, “LEO’s success is driven by its breakthrough combination of innovative technology and re-engineered workflow processes for achieving the combined critical objectives of servicers, borrowers and other interested parties. LEO provides a way for families under financial stress to have a mortgage option that allows them to relocate with dignity.”

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For Sale By Owner Meets Online Dating

Sellmestraight.com has just launched a revolutionary concept in for sale by owner home sales modeled off of popular online dating sites. But rather than matching people with their dream date, sellmestraight.com aims to match buyers with their dream home. Using sophisticated profile based matching, sellmestraight.com is as much an “emotion engine” as a search engine, including criteria such as buyer tastes and preferences into the home search process.

The primary deficiency with most online real estate sites, is that they focus too much on brick and mortar and pay little attention to the emotional aspects of buying a home, which are sometimes the greatest motivating factors when making a major purchase. Eric Little, the site’s founder said “the motivation behind creating sellmestraight.com came from first had experiences both as both a buyer and seller. As a buyer, I was frustrated that the intangible elements of my home search were largely overlooked. A house that looked great on paper often fell far short when viewing in person, especially when it came to personal preferences such as the type of neighborhood”.

In regard to selling a property, Little said “as a home seller attempting to sell by owner, I was discouraged that there was no good way to reach out proactively to interested buyers. I am proud to say the selling tools provided by sellmestraight.com offer home sellers the ability to proactively reach out to interested buyers, representing an unprecedented advantage for motivated home sellers”. – ecoogle

Combining an intuitive and interactive interface between buyer and seller, along with unparalleled advantage of the exclusive seller tools, sellmestraight.com may prove to be the future of for sale by owner home sales. Experience the revolution for yourself at www.sellmestraight.com.

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Self Directed IRA Holders Find A Silver Lining To The Foreclosure Crisis

With foreclosures at all time highs and the stock market still not quite on solid ground, investors are focusing their activities on other markets, especially stable commodities and real estate. According to the latest indicators, it seems certain that the unprecedented level of foreclosures is set to continue even as the housing market slowly recovers. For many, it’s a tragic situation – and for others, a time of unparalleled opportunity.

There are quite a few IRA holders who are also interested in making investments in real estate given the sheer number of homes either in the foreclosure process, or already owned by financial institutions. However, traditional IRAs don’t allow the holders of these accounts the freedom to decide that they would like to take advantage of current market conditions to make investments in this very exciting market.

The answer may lie in something known as a self directed IRA, which as the name implies, is a retirement fund, which allows for the holder to make decisions about where their contributions to the account are invested – including in real estate, as president of the Austin firm Truly Self Directed, Josh Moore explains:

“Unfortunately, it does not appear that the current wave of foreclosures is going to subside anytime soon. Many investors are uncertain about the stock market and a lot of people are turning to what they know versus the unknowns of the stock market.”

“People with IRA / 401ks are looking for something they know can provide them a return on their investment – and that’s real estate. Investors who purchase real estate with IRA funds may actually be an important part of a viable free market solution to a less than ideal situation,” adds Moore.

About Truly Self Directed:
A self directed IRA such as those offered by Moore’s firm allow investors to take funds earning very low returns in traditional investment vehicles and put them to work as they see fit, including profitable sectors like real estate and development.

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The Approaching Tax Credit Deadline Is Pushing The First-Time Home Buyers Into The Market

There is a panic in the real estate market, but it’s no longer the panic driven by falling prices. The approaching tax credit deadline is creating the panic, and pushing the first-time home buyers into the market. The current rise in the demand for the Scottsdale real estate can be credited to this change in regulation.

As the November 30 deadline is closing in, the prospective home owners are trying hard to secure a deal before it is too late. The nationwide tax credit of $8,000 has worked as a catalyst in bringing the first-time home buyers to the Scottsdale and Phoenix real estate market. “The Scottsdale real estate market is hot and has been since spring, especially homes price under $400,000,” said Josh W. Hintzen, managing partner of MoJo Realty Group. He further added, “And with the November 30 deadline on the horizon, we’ve seen the Scottsdale real estate market gain momentum.”

As estimated by IRS, since February when the tax credit came in effect, in Arizona alone 38,000 taxpayers have taken the benefit under this plan, and around 1.4 million people nationwide have applied for the tax rebate. It is worth noting here that the U.S. median home price plummeted by 28 percent over 3 years in January. At that time, the market sentiment was at the lowest in 7 year.

It was only after the Congress approved American Recovery and Reinvestment Act of 2009 that the market started to recover. The first-time home buyers have been responsible for 43 percent of the home sales since the law came into effect. In a survey conducted by a leading market research company, 70 percent of the first-time home buyers said that the $8,000 rebate played a role in their purchase decision.

“The government stimulus package, falling interest rates, and well priced homes have brought buyer’s back into the housing market in Scottsdale, Phoenix and nationwide,” said Morgan H Hodges, a managing partner of MoJo Realty Group. “Supply has gone down and demand has gone up. We are in a much better market than we were 2 years ago. The numbers don’t lie.”

Realtors are divided on whether this surge and excitement in the housing market is temporary or here to stay. Some believe that the increase in home sales is mainly due to the stimulus package. Others believe that home buyers and investors have shed their fears and are back in the market regardless of the tax incentive.

Lately, there has been a lot of speculation in regards to the deadline of the first time home buyer’s tax credit. Will the government extend the cut-off date? If extended, will the credit be increased to $15,000? Will it be available to all buyer’s and not just first time home buyers? At this point, the tax incentive is set to expire November 30th and buyers should take advantage of the $8,000 while they still can.

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Don’t Forget The Stamp Duty If You Are Buying A Property This Year

Last year the Government announced that it was raising the 0% stamp duty threshold from £125,000 to £175,000 for a period of 12 months. In April’s budget, the holiday was then extended to December 31st 2009.

Anyone looking to buy a home worth between £125,000 and £175,000 could save up to £1,750 in stamp duty if they complete before this deadline. Once the deadline is up, properties worth more than £125,000 will once again face a stamp duty bill of at least 1%.

Any saving made could be valuable to many first time buyers already facing the prospect of having to raise a significant deposit and cover other moving costs. Most mortgage lenders typically require at least a 15% deposit so it is vital to do your homework to get the right mortgage deal.

“As house purchases can take months to complete, it’s make your mind up time for those considering buying a property. With house prices now holding up more strongly and in some cases rising, the stamp duty holiday could act as a greater incentive as the deadline approaches” commented David Hollingworth, Head of Communications at L&C Mortgages.

To work how much stamp duty you’ll have to pay, use L&C’s stamp duty calculator Buyers should call L&C on 0800 373300 for free, no obligation mortgage advice.

London & Country (L&C) is the UK’s leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.

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Brasil Investments Helps Foreign Investors Find Prime Real Estate In Brazil

Brasil Investments is leading the charge to help foreign investors find prime real estate properties in and around Brazil. The land division program within Brasil Investments has created a team of knowledgeable experts who specialize in acquisition and development of real estate properties. These experts include a legal team that understands the intricacies of Brazilian law and a knowledgeable group of financial authorities who understand the Brazilian real estate market inside and out.

Properties that are offered by Brasil Investments meet the highest standards. We work closely with all our investors and ensure that they are only selecting a top property f r o m the best available land and properties available. The investment professionals on staff help guide investors through the process of purchasing land for both personal and commercial use and only offer properties that they would be willing to purchase for themselves.

Brasil Investments offers the widest range of first-class Brazilian properties available f r o m any single firm and offers a 1,000 Euro cash back incentive for investors upon receipt of a signed contract and first payment. In effect, this is to show that the team at Brasil Investments values their clients and wants to instill the highest amount of confidence possible with their investors.

For additional information regarding Brasil Investments and a complete prospectus on properties offered, please contact them through their Web site at http://brasilinvestments.com/contact.

About Brasil Investments:
Brasil Investments is a property and real estate investment firm located in Rio De Janeiro, Brazil. They provide investment services and property tours to foreign clients wishing to do business in Brazil.

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Certified Negotiation Expert Designation Has Been Awarded To Jim Basquette Of Huff Realty

Jim Basquette, of Huff Realty in Cincinnati, Ohio has been awarded the Certified Negotiation Expert (CNE®) designation, achieved by real estate professionals who have successfully completed formal training in the art of negotiation. Agents who receive this certification are in the top 1% of all agents nationally. He is the first and currently only Cincinnati Realtor to do so.

With professional negotiation skills, agents will typically obtain better results for their clients. CNE agents have a powerful competitive edge because of their ability to uncover information effectively, get more and give less during sales/purchase negotiations, and retain control over desired outcomes. Bottom line, CNE® agents know how to influence and persuade others more effectively than agents without professional negotiation training.

Negotiation Expertise, LLC, a national negotiation training and coaching company serving the real estate industry and based in Peoria, AZ, provides the certification training. Tom Hayman, the President and owner, is a professional negotiator with 35+ years experience, including 25 years with Procter and Gamble, a Fortune 50 company. Hayman asserts “Any Buyer or Seller who hires a CNE® agent can feel confident that they have the best trained agent in the business. They will get superior results and have better resolution of any issues when hiring a CNE® agent.”

Jim Basquette specializes in marketing homes, especially luxury homes for sellers. In addition to the CNE designation, Jim has earned the Accredited Staging Professional(ASP), Sellers Representative Specialist (SRS)and e-Pro designations. He is also the only Cincinnati Realtor who is a member of the Institute for Luxury Home Marketing. Jim was voted one of the “50 Top Realtors on the Rise” by Real Estate Magazine in 2008.

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One Day Waterfront Sales Event – August 29, 2009

The Sailing community in Coastal North Carolina. Very protected, .5 to 2.5 acre homesites, nice breezes, friendly atmosphere. Share stories with fellow sailors and cruisers at our clubhouse inspired by the lifesaving stations along the Outer Banks. Just off the ICW with direct ocean access and deep water with 40′ to 60′ foot boat slips.

One Day Waterfront Sales Event - August 29, 2009

Community located near Oriental and New Bern. If you’ve been thinkin about a lifestyle on the water, now is the time. With planned completion for Fall 09/Spring 10 we are still offering our remaining homesites at pre-constrution pricing and for this one day only event, 5 waterfront homesites will be offered at an additional price reduction.

Event begins at 9am and features property tours by land, or see the property by water on a 40′ sailing yacht. This is not an auction.

Visit our website to register for this event:

http://www.nc-waterfrontsalesevent.com

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Federal Tax Credit Of $8000 If You Haven’t Owned A Home In The Past Three Years. No Money Down! 100% Financing! The Cottages At The Highlands, Grass Valley, CA

Federal Tax Credit of $8000 if you haven’t owned a home in the past three years. No Money Down!!! 100% Financing! Prices Reduced to Below Cost!!! Investor Says Sell Now!!!

The Cottages At The Highlands, Grass Valley, CA

Come and see for yourself. Compare these new homes to others in Grass Valley and you will find they are a great value. You can have a newer home in a well planned neighborhood vs. an older home or fixer upper.

In real estate, it’s location, location, location. Then Cottages are located in a quiet enclave a short walk to all the shopping and services of the Brunswick basin. In these times of high gas prices, this central location is an added benefit.

The homes are energy efficient with R-19 walls and R-38 ceilings. A solar option (additional $) is available on most homes.

The Highlands front yards are maintained by the Highlands Homeowners Association, resulting in a uniform, well kept neighborhood. Private yards and patios are screened by maintenance free vinyl fencing.

Common sense tells us that five years from now, comparable new homes will cost even more to build. What will your Cottage at The Highlands be worth then?

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Perspective International Unveils Fractional Property Guide

Officially launching July 1st, the new Fractional Property Guide has been unveiled in preview mode to enable system checks and prospective advertisers to get a feel for the new service. The site can be viewed at http://www.ownersperspective.com/fractionalpropertyguide/

ownersperspective

“Whilst there are several other excellent websites that provide property listings for fractional ownership, we have been compelled to produce ours through demand f r o m our consumer magazine readership which reaches more than 42,000 prospective buyers each month.” Says Paul Mattimoe, CEO of Perspective International.

Owners Perspective Magazine (http://www.ownersperspective.com) which launched in print in January 2009 has taken bold steps to bring the shared ownership industry to the general public, and in a matter of a few months has negotiated distribution deals with leading UK supermarkets, travel and property shows, selected hotels and resorts and shortly will add airport lounges across Europe to its already significant monthly reach of 42,000+ readership.

“It is essential for us to continue to differentiate ourselves f r o m competitors, and our offline reach is the key ingredient here. We don’t really base our online advertising platforms on “hits” or “impressions”, we simply provide direct enquiry forms and let each advertiser monitor the return on their advertising spend with 100% quantifiable results.” Comments Mr. Mattimoe.

Over the past few months, readers of Owners Perspective Magazine have favoured the articles relating to Fractional Ownership and have actively interacted with current advertisers for more information. The Fractional Property Guide, which resides within the main website, rather than a standalone website, is designed to harness the high traffic of the magazine to provide highly targeted and product educated, fresh purchase enquiries for fractional property developers.

The online enquiry forms offer the consumer the chance to request brochures, inspection visits, enquire about available inventory and request a telephone call, whilst also providing the developer with full contact details as well as other useful qualifying information.

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A Joint Venture Has Relaunched Newskys As A Fractional Ownership Property Portal

A joint venture has relaunched NewSkys as a fractional ownership property portal – TheMoveChannel.com and Richmond Green Group have combined their knowledge and experience in the overseas property sector to create a platform offering visitors the very latest in fractional news, advice and opportunities…

A joint venture has relaunched NewSkys as a fractional ownership property portal – TheMoveChannel.com and Richmond Green Group have combined their knowledge and experience in the overseas property sector to create a platform offering visitors the very latest in fractional news, advice and opportunities…

The world of fractional property and shared ownership is growing exponentially and NewSkys.co.uk reflects that – relaunching as the place to find all of the latest fractional ownership investment and lifestyle opportunities.

NewSkys is a winning mix of TheMoveChannel.com ’s technical and online marketing experience and Richmond Green Group’s knowledge of the fractional ownership sector through its consultancy business RGM Fractional.

The concept of fractional ownership is a sensible, affordable and common sense way of owning property abroad and NewSkys aims to bring both potential buyers and existing owners in touch with the most up to date news on the world of fractional ownership.

It also showcases a large selection of fractional schemes through an extensive and detailed search.

Dan Johnson, Director of TheMoveChannel.com said, “This brings together two of the biggest hitters in terms of overseas property marketing.

“We have nearly a decade of online experience in the sector and coupled with the expertise of RGG in the fractional sector, it should make for a powerful combination of skills.

“Our role will be to ensure the Newskys site has great visibility online, both in terms of natural search and pay per click – two areas where we know we can out-think, out-flank and out-resource the competition.

“By the end of the summer, Newskys will already be well on the way to establishing itself as the leading online vehicle for marketing fractional ownership property to the UK audience,” added Mr Johnson.

Drawing on the expertise of both organisations, the editorially driven site will cover all aspects of shared ownership with regular news bulletins f r o m around the world, a weekly email newsletter, property listings, destination updates, buying advice, buyer experiences and details of upcoming events.

Trevor Little, former Editor of Overseas Property Professional, will manage content for the portal – which went live on June 22nd.

Xavier Wiggins, CEO of Richmond Green Group, said, “We aim to offer the widest selection of fractional ownership opportunities f r o m global destinations.”

For more information on UK and overseas properties and the market in general, please visit http://www.themovechannel.com

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

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Balli Real Estate Sees Return Of Activity In UK Property Market

Balli Real Estate has revealed that fluctuations in the world’s currency exchanges and the fall in the value of sterling caused by the global financial crisis have once again made the UK’s property market a lucrative proposition for investors.

Recent statistics have revealed a rise in market activity and increased levels of mortgage approvals market as buyers return to the market after months of inactivity. This increase in market sentiment is not restricted to the occupational market and has been mirrored with an increase of investment activity.

Balli Real Estate, the private property company, has witnessed an increase in levels of interest in the UK market from domestic and overseas buyers during the first quarter of the year, as a window of opportunity, which opened with the fall of the pound against the world’s major currencies, has been spotted by investors.

Vahid Alaghband, group chairman of Balli Group, observes that the fall in sterling earlier in the year made the UK an attractive proposition for overseas investors and comments: “The relative weakness of the pound against other currencies and the fluctuations of the exchange rates are proving to be very beneficial to buyers from overseas, looking for new opportunities thrown up by the turmoil being experienced by real estate markets around the world. With low prices and yields at up to 10%, property has become a good investment again. In particular the housing market in the UK, of which around 50% is underwritten with government money, and with supply at record low we expect the market steadily through to 2014. The return to the market of competitive mortgages will prove a further boost.”

Balli Real Estate suggests that the pound’s relative weakness on the world’s currency markets will make the UK particularly attractive to buyers from the USA, Hong Kong and the United Arab Emirates.

Alaghband continued: “The argument for an influx of overseas investment is compelling when you combine a 30% fall in the value of the pound with, in some cases, a similar fall in property values. This inward investment is helping to bring an increase in liquidity to the market, which will be an important factor in the recovery of the residential and commercial property markets in the UK.”

Balli Real Estate expects that established and mature markets will prove particularly attractive to foreign investors as the fundamentals of location, accessibility and communications will remain key drivers for occupiers and investors.

David Reid of Balli Real Estate said: “The old adage of ‘location, location, location’ holds good whether the market is good or bad and the established and proven locations of our towns and cities will continue to draw occupiers and purchasers.”

“This has been witnessed at ‘Latitude’ our 172 apartment development in central Birmingham a short distance from New Street train station and the Bullring. Sales in the third and fourth quarters of 2008 were negligible but we have seen a steady increase during the first quarter of 2009.

About Balli Real Estate:
Balli Real Estate is a leading multi-national real estate investment and development company operating in the UK, the Middle East and other lucrative markets. In the United Arab Emirates the company operates under the Peacock Ventures Ltd brand. The company focuses on four key activities: fund management, joint venture developments, direct developments and bulk purchase investment, and is involved in some of the most prestigious real estate projects in the world.

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The Chartered Surveyors Monthly Survey Reports An Increase In New Home Buyer Enquiries

London and Country Mortgages own experience is similar. Applications from first time buyers and next time movers more than doubled between January and April 2009.

At last we seem to have some sustained improvement in the housing market. The chartered surveyors monthly survey has reported an increase in new buyer enquiries for 6 months in a row and this is now feeding into actual sales. This has resulted in a decrease in the time to sell a property.

Another positive indicator is the Nationwide Consumer Confidence Index. In April 2009 this saw the largest rise for the last 2 years. In addition, the extension of the increased stamp duty threshold to £175,000 until the end of 2009 announced in the budget gives more time for would be purchasers below this threshold to complete on their property transaction.

From a product point of view, borrowers can lock in to extremely competitive fixed rate deals andencouragingly for those with smaller deposits competitive rates are once more available. Major lenders including Abbey and Woolwich have recently increased the LTV (loan to value) on some of their better deals.

Whilst we are far from out of the woods, there are signs at least that potential buyers are coming back into the market. Those that do will be able to take advantage of the low interest rates currently on offer.

Potential borrowers wanting to see how much they may be able to borrow can use L&C’s FREE mortgage calculator. For more information and no-fee advice, borrowers can call free on 0800 373300 or request a call back.

London & Country (L&C) is the UK’s leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.

L&C is a Climate Neutral company and for the last seven years has invested in climate friendly projects and tree-planting to help offset its emissions and those of its customers.

L&C has won numerous awards including:

Best Mortgage IFA/Adviser of the Year – Money Marketing, 2004, 2005, 2006 and 2008
Best Technology Adviser – Money Marketing 2007
Best Mortgage Broker outside London – Mortgage Strategy, 2004 and 2005
Best National Broker – Mortgage Introducer 2005, 2006 and 2007
Best Overall Broker – Mortgage Introducer 2005
Overall broker of the year – Pink Home Loans, 2006 and 2007
Top 100 company in the Sunday Times Fast Track 100 for 2004 and 2005
Business of the Year – The Bath Business Awards 2005
Growth Strategy of the Year – National Business Awards (Wales and West) 2008
Business Leader (Broker) – British Mortgage Awards – 2008
Online Mortgage IFA of the Year – Financial Adviser – 2008

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Sente Mortgage Home Finance Expert Kenton Brown And National Speaker Kenn Renner From Buyaustin.Com Will Present A Free Home Buying Seminar On April 16th

It is a fact that some of the greatest opportunities for buying a home are currently available based on three major factors: 1) Home Loan Rates continue to be at historic lows, 2) There is a $8000 Federal Housing credit available to 1st time homebuyers, and 3) It is a “Buyers Market”, which means there are some tremendous bargains out in the Austin real estate market right now. This is an incredible time for prospective home buyers to quit paying rent and to achieve the dream of homeownership.

Planning ahead allows potential homeowners to have the knowledge they need to get a great deal right now. Those that attend this seminar will learn the ten steps to homeownership and how they can get their $8,000 “gift” from the Government. This workshop will focus on fundamental and simple to understand concepts that empower those that attend with practical knowledge to be able to make prudent decisions when it comes to homeownership.

Two of Austin’s top real estate and finance industry professionals will present this free Home Buying Seminar on Thursday, April 16th from 6:30 to 8:30 P.M. at the Renaissance Hotel in the Arboretum. The seminar presentations will cover key strategies to help homebuyers understand and succeed in today’s extremely competitive and constantly changing market. Highlights of the seminar include:

– The 10 steps to home ownership.
– Details on the 8,000 Federal housing credit.
– Move Assistance Programs (MAP’s).
– How to Renegotiate leases and tell landlords goodbye?
– The “Truth” about mortgage financing.
– What programs are available to buy your home?
– Negotiating to get the best deal.

The workshop format will help attendees uncover their dreams, goals and visions of homeownership. This seminar will explore concepts such as how to choose a Realtor ™, Builder, or Loan Consultant and what to look for when selecting trusted advisors. It will also provide detail about the mysteries of credit scoring and how to be truly“pre-approved” so that a great deal on a home purchase can be negotiated. There will be opportunities to visit with a select group of market expert professionals both before and after the seminar.

The cost is free for the seminar.

To register online visit: www.BuyAustin.com or call/text 512-423-5626

About Kenn Renner:
Kenn Renner (BuyAustin.com) is a national speaker on the subject of real estate and goal achievement. His popular presentation “The Highway Seminar” (www.TheHighwaySeminar.com) is based on his up coming book “The Highway – Purpose, Goals & Priorities” to be published this spring. With over twenty-five years in the real estate business, he is one of the top brokers in Central Texas with over $80,000,000 in closed sales in the past three years. Kenn can be reached at 512-423-5626 (call or text)

About Kenton Brown:
Kenton Brown is Sr. Vice President of Sente Mortgage (www.MortgagesForAustin.com) one of the top mortgage companies in Austin. He is also a part of Sente Learning, (www.SenteLearning.com) which is an educational forum designed to help business professionals succeed and achieve autonomy through tactics, strategy, planning and action. Kenton offers his unique insight and perspective by tapping into his twenty-five plus years in the finance industry. He can be reached at 512-637-9900.

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Top Austin Real Estate Agent, Kenn Renner (www.BuyAustin.com) with Keller Williams Lake Travis Market Center in Lakeway Sold a Custom “Spec” Home in Five Days

In an economy where negative real estate and financial news has become an all too common subject of the media, it is refreshing to hear of a win-win real estate success story. On Saturday, March 7th real estate broker Kenn Renner listed a brand new custom lake view home built by Horne Brothers Custom Homes located at 8032 Riviera Estates, Leander, Texas (www.8032RivieraEstates.com).

Kenn’s buyers were alerted via email through a “client Gateway” – a free Internet search feature that allows buyers to be notified when new listings come on the market. “Our buyer called us within 24 hours of the home hitting the market, our team showed him the home immediately, and within a few days we had the purchase details worked out and now we are under contract and headed toward closing.” Kenn explained. “The strategy that we took with the builder was to wait until the home was totally completed and fully staged before putting it on the market.” In the luxury market where selling times can exceed a year, an immediate sale is rare.

The buyers, who work in the medical field, had been looking for over two years for exactly the right lake view property – being very patient and particular about the type of home and especially the view. This brand new luxury estate fit their requirements and the builder will be adding a negative edge pool to complete their dream home. Our buyers confirmed their satisfaction exclaiming “This IS home!”

“In today’s extremely competitive market it takes a combination of strategies to sell a luxury home. It boils down to – staging, pricing, marketing and patience. The property must be staged and showcased with virtual tours, professional photography and graphic floor plans. I take it a step further and include high definition video tours that feature virtual aerial flyovers utilizing Google Earth.” Kenn adds “over
85% of home buyers begin their search on the Internet – for high end homes that number is much higher and they expect video content to be a part of the presentation.” As he does with all his listings Kenn created a unique property website exclusive to the home (www.8032RivieraEstates.Com). Buyers can navigate directly to a fully interactive exclusive website that features the specific property as opposed to a static web page or a typical multiple listing link.“Sellers need the marketing edge and exclusivity in all selling situations, especially luxury homes.”

Kenn owes much of his video expertise from his many appearances on the National television – HGTV’s “House Hunters.” Kenn produces all of his videos in-house and has a full time production assistant. “This home sold so quick I was not able to get the video finished in time, but we will add it at a later date because the home is spectacular and will show great in Hi Def.” Kenn recently released a video of another Lake Travis estate property called Lime Creek Ranch (www.LimeCreekRanch.com), which showcases the property with virtual flyovers and 360-degree panoramas. “Having great video content is just the first step – we then spend a lot of time and resources getting them placed high on the search engines including Google & Youtube. We often are placed in the very first position when someone types in the keywords Austin Real Estate Videos in Google.”

He also utilizes intense search engine optimization (SEO) to get his listings and popular websites to the top of the search engines. “You must make your clients property very Internet friendly and then get them exposed with proper keyword phrases to be competitive in this market.” Having great websites also helps his clients exposure like his popular website Austin real estate website www.BuyAustin.com, which has been around since 1995 or his newly developed www.AustinHomeVideos.com.

To get your property showcased with by Kenn Renner, one of the top real estate brokers in Austin, Texas, contact him (512) 423-5626.

About Kenn Renner:
Kenn Renner (www.BuyAustin.com) is a national speaker & author on the subject of real estate and finance. He has been featured on HGTV’s House Hunters and is a guest expert on nationally syndicated radio talk shows. He has helped more than one thousand Central Texas families purchase their homes.

Via EPR Network
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Immigrants To Help Fix The Housing Market in US

WSJ is currently running a very interesting article about the possibilities that can be opened for the housing market in this country should the immigrants and potential new comers be allowed to buy houses motivated by the permanent residency offered in return. We are noticing more and more voices lately in support of this hypothetical program as this is believed could possibly prevent or slow down the property’s values from dropping further down. 

The Obama administration should seriously consider granting resident status to foreigners who buy surplus houses in this country, says WSJ in its article.

This makes more sense than the president’s $275 billion housing bailout plan, which Americans greeted with a Bronx cheer.

The federal bailout forces taxpayers to subsidize overextended homeowners who bet on ever-rising house prices and used their abodes as ATMs, and it doesn’t get to the basic problem — the huge inventory of excess houses. We estimate that 2.4 million houses over and above normal working inventories are left over from the 1996-2005 housing bubble. That’s a lot, considering the long-term average annual construction of 1.5 million single- and multi-family units.

Excess inventory is the mortal enemy of house prices, which have already fallen 27% since the peak in early 2006. WSJ also predicts another 14% drop through the end of 2010 if nothing is done to eliminate the surplus.

A better idea is to offer permanent residence status to the many foreigners who are clamoring to get into the U.S. — if they buy houses of minimal values (not shacks). They wouldn’t need to live in those houses, but in order to remove the unit from the total housing market, they couldn’t rent them. Their temporary resident status granted upon purchase would become permanent after, perhaps, five years, if they still owned the houses and maintained clean records. The mere announcement of this program might well stop the ongoing collapse in house prices, especially in cities such as Las Vegas, Miami, Phoenix and San Francisco, where prices are down 40% — but where many foreigners like to live.

Each year, 85,000 H-1B visas are granted for foreigners with advanced skills and education, and last year, 163,000 petitions were filed in the first five days after applications were accepted. The Ewing Marion Kauffman Foundation estimates that as of Sept. 30, 2006, 500,040 residents of the U.S. and 59,915 individuals living abroad were waiting for employment-based visas. Many would buy homes if their immigration conditions were settled.

These people tend to be highly productive. In 2006, foreign nationals residing in the U.S. were listed as inventors on 25.6% of the patent applications filed in the U.S., up from 7.6% in 1998. A Council of Graduate Schools survey found that in the fall of 2007, 241,095 non-U.S. citizens were enrolled in graduate programs. Some 55% were in engineering and the biological and physical sciences, compared with only 16% of U.S. citizens. In 2007, more people on temporary visas received doctorates in physical sciences and engineering than U.S. citizens.

There is a high correlation between education and incomes, and in today’s uncertain economic climate, many wealthy foreigners desire U.S. resident status just as a number in Hong Kong secured residences in Singapore and Canada before the British handover to China in 1997. They rapidly became over a quarter of Vancouver’s population, and brought in billions of dollars to buy houses and make other investments.

We could benefit from such an influx. Merrill Lynch estimates that in 2007 there were 10.1 million individuals in the world, 7.1 million outside the U.S., with at least $1 million in financial assets that totaled $29 trillion. If new immigrants bought the 2.4 million excess houses at today’s $184,000 median price with funds from abroad, they would bring untold billions. The immigrants would also buy consumer goods, pay taxes, and start many new businesses.

The blueprint for a program to sell surplus housing to immigrants is already in place with the EB-5 visa program. Each year, 10,000 EB-5 visas for this country are available for foreigners who each invest $1 million in a new enterprise ($500,000 in economically depressed areas) that creates at least 10 full-time jobs. After two years, the entrepreneur and his family can become permanent residents.

America’s relatively open immigration policy makes this country better off than many other developed lands whose governments also must fund the pensions and health care for growing numbers of retirees. Yet there’s still a huge need for more productive and skilled people, both current residents and immigrants, who will produce enough goods and services to provide for their own needs and for those in retirement. Otherwise, entitlement spending eventually will touch off intergenerational warfare.

Granting permanent resident status to foreigners who buy houses in this country will curtail a primary driver of the deepening recession and financial crises — excess house inventories and the resulting collapse of prices. Since the people who will buy these houses will tend to have money, education, skills and entrepreneurial talents, they will be substantial assets to America in both the short and long runs.

We are joining these voices in support of a program that could permit foreigners who are looking for a way to immigrate to US buy houses in return of green cards (even though we think certain criteria should be met) since we believe this could seriously enliven our housing market. This is an area that is worth exploring in this economic downturn since many current and potential immigrants can afford buying their houses in US (without even going through the lenders), but are effectively precluded from doing so due to their unclear status here in the states. 

Via WSJ

BuyAustin.Com Features Lime Creek Ranch

The Lime Creek Ranch Property stands on a pristine mountaintop overlooking the gorgeous Texas Hill Country and Lake Travis (www.LimeCreekRanch.com). Austin real estate agent, Kenn Renner exclaims, “I am really excited about our virtual area tour of my new listing,” referring to the Estate at Lime Creek Ranch, “This video is going to be awesome!” Kenn was describing his new virtual fly-over area tour of an exclusive estate property located just 20 miles from downtown Austin. Renner adds, “In the recent past, to do an aerial tour, we would have to hire an airplane or a helicopter to capture the geographic nature of our listings.

Now with Google Earth, “we have complete control of what we want to showcase about the property,” says Renner. The video tour includes facts, information, and high resolution on ground photography to compliment the virtual tour. Google Earths fly-over technology allowed him to take a virtual, helicopter type fly-over. It also allowed for a 360 degree panoramic view punctuated with high-resolution photos.

Kenn explains, “In the near future, the use of Google Earth will revolutionize how real estate is presented. I intend to be on the cutting edge of this incredible technology.” Visit www.LimeCreekRanch.com to see the new Google Earth aerial video tour.

Kenn’s real estate videos top the best online search engines, including Google and YouTube. His years of production experience include not only video productions, but also music and virtual real estate tours for special clients. Kenn has recently featured Lake Travis Estate properties on HGTV’s #1 rated show, “House Hunters”.

His featured listing is the Estate at Lime Creek Ranch, a 12.5-acre mountaintop lake view property just off of Lime Creek Road in Cedar Park, Texas. Cedar Park is an Austin suburb, just to the north of the city. Lime Creek Ranch is perched upon one of the highest points in western Travis County it is the Crown Jewel of Central Texas.

The ranch sits on a mountaintop over-looking the popular and historic Texas Hill Country, with commanding views of sparkling Lake Travis. Enjoy far reaching lake views and distant vistas including extensive portions of the Balcones Canyon-lands Preserve.

The Estate at Lime Creek Ranch could be the site of a huge hilltop gated estate or could be divided into several acreage lots that custom homebuilders could sculpt their masterpieces. There are several building sites on the top of the mountain, which garners several acres of nearly flat building sites and then the property falls off into the pristine Fisher Hollow and Lime Creek valleys. Nature has graced the ranch with large oak trees and other beautiful hardwoods. Gentle mountaintop breezes and quiet wilderness enhance the natural surroundings. Bring your imagination and your creativity to turn this one-of-a-kind Lake Travis view acreage into your dream home come true. The Estate at Lime Creek Ranch is conveniently located, yet private and secluded. The property is located directly on Lime Creek Road just 2 easy (and straight) miles from the new Anderson Mill Road extension, which is less than 20 miles from downtown Austin and less than 6 miles to Cedar Park and the new 183A toll road. There is no lack of public service here either.

The new Seton Cedar Park Regional Medical Center is less than 15 minutes away. County emergency response locations are much closer. The property is also just 2 miles from Sandy Creek Yacht Club where you can store a Yacht and enjoy fine dining at Café Bleu’. Although the ranch is quiet and secluded – shopping, restaurants and schools are just a few minutes away. It is located in the highly rated Leander Independent School District. Take a look at the links on our website for more information regarding the amenities, education, employment and recreational opportunities surrounding The Estate at Lime Creek Ranch. In order to arrange for a private tour of the property, then please contact or Kenn Renner @ 512-423-5626 of Keller Williams Lake Travis. Or via email kenn@buyaustin.com

About Kenn Renner:
Kenn Renner (www.BuyAustin.com) is a national speaker & author on the subject of real estate and finance. He has been featured on HGTV’s House Hunters and is a guest expert on nationally syndicated radio talk shows. He has helped more than one thousand Central Texas families purchase their homes including over two hundred DR Horton home owners. Corporate Disclosure: Kenn Renner is a buyer’s representative and does not represent nor have an exclusive right to sell DR Horton homes.

Via EPR Network
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Homesgofast.com announced that it has been accepted as a member of the Association of International Property Professionals (AIPP) making it one of only three property portals to be Members of the organisation

The international real estate portal Homesgofast.com announced that it has been accepted as a member of the Association of International Property Professionals (AIPP) making it one of only three property portals to be Members of the organisation.

AIPP was set up to increase consumer confidence when buying property abroad and to provide industry professionals with a united voice. It aims to improve the standards of professionalism in the international property market. Each member has been vetted and approved, and is required to have a minimum level of experience to qualify for membership.

AIPP Chief Executive Paul Owen welcomed the portal membership stating “As well as agents and developers, the AIPP welcomes other professional companies from the international property market, including lawyers, banks, magazines and property portals. Homesgofast.com has joined the AIPP and we welcome them into membership. We congratulate them on playing their part in our work to make the international property market a better and safer place for both consumers and those working in the industry.”

Homesgofast.com membership category at AIPP comes under its media group which also includes Daily Mail Ltd, OPP – PFI Media Ltd and Real Estate TV Ltd. Current membership from other overseas property portals includes The Move Channel and Kyero.com

Paul Owen explained the association role in the overseas property industry “A non-profit organisation, the AIPP exists to improve standards of professionalism in the international property market. Set up in 2006, the AIPP is improving the market by bringing together professional companies who voluntarily agree to abide by its professional Code of Conduct. Where you see the badge of AIPP membership, it means a company has been vetted, has agreed to industry standard training and, importantly, has agreed to be bound by the AIPP’s professional code.”

Nicholas Marr CEO Homesgofast.com “We are delighted to be a part of an organisation that aims to improve standards of the overseas property industry. Our online platform at Homesgofast.com is used by overseas property buyers and those promoting international real estate. It makes sense more than ever to help raise standards not only with overseas property agents but also with those in the business of promoting international real estate.

He continues ”It’s a fact that most buyers will use the internet first before contacting an agent and we believe the standards set out by AIPP should apply to the internet as with real estate professionals “

Homesgofast.com was established in 2003 Homesgofast.com is part of global property marketing company Marr International Ltd.The webiste began by promoting property in Spain, France and the UK and now cover some 70 countries. Homesgofast.com attracts a large international audience to over 180,000 international property listings and a range of related services.

Via EPR Network
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Marbella Real Estate Website by Marrison Properties

Marbella is a charming little town located in Costa del Sol, one of Spain’s most well-known coastal regions. A resort town, it is dotted with many luxurious beaches, swimming pools, golf courses, night clubs, and other recreational facilities. The rich and well-heeled are frequent visitors ofMarbella, either flying in from halfway around the world or owning one of the villas in the place. Business moguls, Hollywood and Spanish celebrities love to spend a weekend or two in this beautiful seaside town.

Aside from its beaches and watering holes, Marbella is also distinguished by its beautiful real estate properties done in the romantic designs characteristic of Spanish architecture. There are many villas, penthouses, apartments, flats, townhouses, and business establishments all around town—rustic yet sophisticated getaways from all the worries of the world.

You might wonder: How can I own one of them? Short of going to Spain yourself and contacting a local real estate agent to see what’s for sale, you can check out your prospects first by visiting the website of Marrison Properties. Marrison Properties doesn’t only have properties located in Marbella in their listing, but also those in Ojen, Golden Mile, Malaga, and Sierra Blanca among others.

“Our aim is to make the purchase of your property in Marbella and around the Costa del Sol an enjoyable one, as it should be, and to put as much time as is needed into finding the right place—villas, apartments, townhouses, flats, penthouses, inland country property, whatever it may be that you are looking for in the Marbella area,” says Guy Marrison, the owner of Marrison Properties.

Parallel to this goal, the firm has several services that you can avail of. First, they have several detailed guides to help you with the decision to purchase a property. There’s a buyer’s guide, a seller’s guide, the specifics on the purchasing cost, and how to employ a currency dealer.

Once you have decided to do business with them, they have many services to assist you with the processes involved in buying Spanish property. From buying and selling the property, renting it, to project management, furniture packages, property valuations, property surveys and property management, Marrison Properties will be there for you. In addition, they can assist you in choosing a mortgage plan and buying insurance for your home.

Their website has most of the information that you need. Pictures of the properties and their prices are posted in the site. If you’re looking for something specific, you can also use the search function embedded in the website. Marrison Properties also has a blog where you can read about the latest news on Marbella real estate and leave comments and suggestions. Of course, you can also reach them at the contact details provided.

Marrison Properties is a flourishing real estate firm in Marbella, Malaga. For more information, please visit www.marrisonproperties.com

Via EPR Network
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