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Posts Tagged ‘Senior Housing’

Ups and Downs of the For Sale by Owner Process

Monday, February 22nd, 2010

There are multitude financial responsibilities involved in selling a property such as loan payments, home repairs and inspections. And homeowners who are in dire need to lessen expenses throughout the sale process choose the mechanism of For Sale By Owner. This selling technique is taken upon as these homeowners want to save on paying for the professional fee of a real estate agent.

Conversely, the entire FSBO process cannot be summed up as a way to immediately close a deal. Only about 6 to 7 percent of homes marketed under this mechanism are successfully sold. Especially for the seller, the pros and cons of this process should be taken into full consideration. Understanding the complications of this selling strategy is an ultimate task for both the seller and the buyer.

As was mentioned, the first positive point through FSBO is that the seller definitely has fewer expenses. The professional fees are taken out of the budget equation. Thus, the money saved can be devoted to other expenditure. He can also benefit by having direct supervision of all the details of the sale. Even key players of most real estate transactions say that the homeowner is the best salesman for his property. One can meticulously go through every aspect of preparing and enlisting the home, devising advertising strategies and media, organizing open houses, screening buyers, formulating and negotiating asking price, initiating home inspections and appraisal and closing escrow. Then again, one should still consider hiring a lawyer, broker or appraiser so as the particulars of the deal can be more guided.

The buyer can benefit too. The upfront control of the seller gives the buyer assurance his requests can be easily responded to. The deal can then transpire without much difficulty as going through the ‘middle man’ is eliminated.

As the advantages seem enticing for both ends of the transaction, the disadvantages can generally outweigh them. Firstly for the seller, most of the time he would be alone in deciding and judging which direction the sale process should take. He has to be adept in analyzing market trends, accepting buyer offers, marketing the estate and overseeing legalities and financial obligations attached to the property, if any. Otherwise, he can be very vulnerable to consent whatever arises in the bargain table when confronted with experienced buyers.

The homeowner may not necessarily gain better profit as well as when one has a realtor. Properties under an agent sell 16 percent more than average market price. And the seller only has to pay 6 percent for professional fee. The chance to have higher sale gains is then sacrificed with FSBO.

For both the buyer and seller, there may be dangers of unethical conduct throughout the process. This is because the seller serving as the agent too is not duty-bound by state licensure or professional group affiliation. Both parties are risking unintentional negligence only to become known after the sale is finished. There can be future legal concerns that will possibly lead to hold back the property.

With this overview, the FSBO process should be taken into full deliberation before any seller or buyer should jump in this type of real estate transaction. All facets should equally matter in the decision-making and execution process so every participant of the deal gets satisfactory results in the end.

Hot Golf Property Available in Costa Blanca

Monday, December 7th, 2009

Golf is one of the many popular activities that can be enjoyed comfortably year round on the Costa Blanca. There are several fantastic golfing resorts that operate along the Costa Blanca with amenities for everyone in a group, even the non-golfers. There are beautiful spas and pools and beaches and many activities to keep everyone busy. When you are in Costa Blanca for golf, you are in one of the most beautiful places imaginable.

There are several four star golfing resorts in the Costa Blanca region. The perfectly landscaped greens, professional instruction and luxurious accommodations all add to the fantastic experience you can have playing golf in Costa Blanca.

The courses with the highest ratings along Costa Blanca include Alicante Golf, Alenda Golf, Campoamor Golf, Don Cay Golf, El Plantia Golf, and Villamartin Golf. There are also many reduced green fees for guests of certain hotels, including the Campoamor Golf Hotel.

If you play enough to desire a second home in the area that is located on a course, there are many available golf properties. If playing golf out of your front door sounds like a great idea, consider this option in this area; you won’t find a better place to enjoy year round golfing. There is also the option of buying into a condominium or apartment that would be within walking distance of a course. These properties may also be used as rental income property when you are not in residence.

In recent years, the new golf course projects of Puerto Banus and San Pedro Alcantara have come from some of Spain’s top developers. These new courses offer golf shares, or membership owners of the residences and the courses themselves.

While most golf obsessed travelers will fill their hours on the course, there are several options for any down time that may occur during rounds. Costa Blanca is famous for its beautiful beaches, and many tourist attractions, from the theme parks, natural parks, museums and churches. Spending time off the course can actually be quite enjoyable in this part of the world. The resort hotels where many golfers like to stay offer spas with the usual available treatments, mani-pedis, facials, sea salt scrubs, and massages and these can all be made available to the golfer after a fantastic day on the course.

The nightlife in Costa Blanca is also made to be experienced. Since it will be dark outside and golf will have to wait until the morning, why not find out exactly what there is to do at night in Costa Blanca? The restaurants, bars, discos and night clubs offer many opportunities for entertainment off the course.