Category Archives: Real Estate Investment

1 Yorkville Condo

1 Yorkville Condo

Units are selling now, please follow the like to the official sales sit

We build condominiums that exemplify luxury, creativity and community.  According to our architect Rosario Varacalli, “1 Yorkville Condo will stand out from other projects in Toronto because of three things: preservation, porosity and changing perspectives.”

One Yorkville Condo Preservation
Yorkville has a rich history and it’s important to us that we respect heritage. We are preserving and restoring a collection of very refined Yorkville Village buildings that date back to the 1860s.

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Increase your home value

Increase Your Home’s Resale Value With An Outdoor Patio

An outdoor patio doesn’t only add functionality to a home, it adds value. Building a patio to your existing home you’ll be able to gather together with family and friends for many years while increasing your home’s resale value. This is the perfect idea for anyone that is interested in perking up their backyard.
It’s always nice to know that your home improvement project is going to pay off down the road when you are ready to put your house on the market. It’s hard to watch your hard-earned money disappear knowing that you’ll never see it back. Fortunately, this is not the case for adding a patio or fixing one up. A patio can be a major selling feature for a home.

Interlocked patios are the best for seeing a return on your money. They look rich and can be designed in contemporary or traditional styles. You’ll have the flexibility to choose the shape of your new patio and the stones. There are also various ways to lay the stones to bring out the most in the patio design.

Of course, you’ll want to add a lovely outdoor patio set to the whole ensemble. If you have chosen a newer modern style of patio you’re sure to find a contemporary set that will look great. Wicker furniture can blend in well here or metal sets with a sleek polished look.

On the other hand, if you have chosen to build or update your patio with a more traditional design, you may want to consider a wooden outdoor patio set to bring it all together. These wooden pieces can add a rustic look to your patio while bringing home a sense of tradition.

By adding a patio to your home you will be able to enjoy countless days and evenings relaxing in your back yard. You’ll also know that you have opened the door to any future real estate transactions on your home. A lot of prospective home buyers take a very close look at the backyard to figure out where they can set up their barbecue and sit down for a relaxing drink after a hard day at work. You’ll also be able to ask for a higher price for your home once you are ready to put it on the market.

Won’t you be able to enjoy your patio all the more knowing that it has increased your home’s value?

1031 Exchanges: An Investor’s Dream Come True!

Don’t Believe What You’ve Heard!
Despite what you may believe to be true, other than the
home you live in, you can exchange ANY kind of Investment
Real Estate in the United States for ANY other kind of
Investment Real Estate, anywhere in the United States!

It’s “Dirt for Dirt!”

You can exchange one for several, several for one, less
value for more value, more value for less value, and on,
and on . . . but exchanges must be used the right way,
with the knowledge and help from those with the
expertise. This is the way Real Estate Fortunes are
built, for yourself or for your family’s generations to
come.

All You Need is the People With the Know-How!

Here’s where the experts come in! Call on us, at Honolulu
Real Estate. We have the experts to guide you through the
government-created exchange-maze, using intelligent
private-sector know-how. No one has access to a better
network of 1031 Exchange Expert-Facilitators, in the
United States!

Invest in Paradise, or Just Retire Here?

Feel free to contact us with your need to exchange any
investment-property in the United States, for any
investment-property (your future retirement home?) in
Honolulu or on Oahu. Contact us with problem-real estate,
on Oahu, or any real property Exchange problem, regarding
any real property in the United States. You’ll be
thrilled!

Real Estate Mistakes HomeBuyers Make 6-10

Home buyer mistake # 6: Buying a home that is the wrong size for the home buyer’s needs.

A home buyer should consider what the future holds when purchasing a home. Since the purchase of a home is a long term investment, the buyer must contemplate decisions for the future. Is the buyer married, plan to marry, have children, or plan to have children? Is the buyer’s occupation permanent or ran from the home? All of these dynamics must be pondered when deciding upon the size of one’s future home.

Home buyer mistake # 7: Choosing the lowest interest rate lender.

There are more issues to consider than just the interest rate when purchasing a home. The total expenses regarding the home loan include APR, home loan fees, discount points, and origination points. Discount points are costs to reduce the interest rate, and origination points are costs for services provided in the original home loan. When deciding upon the mortgage lender, receive quotes characterizing the differences between the two points. Other deciding factors for choosing a mortgage lender involves the consideration of the reputation of the mortgage company and the consideration of alternative loan options besides the standard 30-year home loan. The realtors at our company can assist home buyers in locating the right mortgage company for their specific home loan needs.

Home buyer mistake # 8: Buying a home with an incurable defect or too many defects.

Consider all of the negatives and imperfections a home has to offer before purchasing the home. Some of these irreconcilable problems include bad floor plans, poor location, heavy street traffic, and inefficient parking. These issues with the home cannot be settled, and they will hinder any future sale of the  real estate.

Home buyer mistake # 9: Buying the most expensive home in the area.

If the real estate a home buyer is contemplating purchasing is the most expensive home in the area, then the buyer should consider the price range of the other homes in the area. If the homes in the area are significantly lower than the price of the potential home, then the buyer may want to reconsider the purchase. The resale value of the home may diminish if the price range of the other homes is not in the same price bracket as the buyer’s potential purchase. Our real estate agents can provide the potential home buyers with the price range information regarding the other homes in the area.

Home buyer mistake # 10: Not considering possible delays in the transaction.

Unfortunately real estate transactions are not always completed on time. It is vital for home buyers to figure in possible delays in the home closing process and plan accordingly.

The home buyer mistakes can be avoided with the proper assistance from our realtors. The real estate agents at our company can aid prospective home buyers with the discovery of their perfect homes. Avoiding these top ten home buyer mistakes can make the home purchasing process less stressful and more enjoyable for the home buyers, and our realtors have the training and skills to keep home buyers from possibly generating these errors.

Tips To Follow When You Buy Real Estate

These days, it is seen that people buy real estate for investment purposes and dream of earning high amount of profits. Well there is no harm with the concept of real estate investment, but the way shows portray them is completely insignificant.

People in different parts of world watch these shows and think that real estate investing is a simple task. However, you should know that in reality, many issues are involved with this form of investment and you will need to take important decisions regarding this carefully. It is true that few people make good profits in this area very quickly, but that is the result of years of hard work and expertise that remains hidden. You should be determined and ready to work hard if you truly wish to succeed in trading real estate property. Here are few factors to be considered before you decide to take a plunge in this sector.

Get Ready to Devote Ample Time

If you want to buy real estate, then it is important to spend time in searching several properties, their prices and other important details, so that you do not end up investing at a wrong place. To do all this successfully, you will be required to put in quality time. You may have seen people around you managing real estate investment along with their full time career. Well, this is possible if you are ready to compromise on your holidays and sleeping hours for this venture. Once you become proficient in this sector, you can afford to spend comparatively fewer hours towards it.

Are You Capable of Handling Stressful Situations?

Everything will not happen according to your plans and thus be ready to face some tough situations. If you plan to offer real estate leads, then be sure that you will be putting yourself in stressful conditions. If you think, you are not good at handling stress then do not try your hand in this sector. Because it is highly unsuitable for people who wish to have a relaxed life. However, if you have decided to earn money and fame in real estate property then its time you focus on inventing some good estate investment strategy and begin to work on it. Once you know how to cope with stress and stress causers (In this case it could be people like contractors, lawyers, real estate agents etc), you will conquer the sector.

Large Amount of Money

People who deal with properties for investment purpose must have a huge back up in monetary terms. You cannot earn high profits just by trading a couple of properties. You need a huge sum of money for this purpose and its better you begin making proper arrangements well in advance.

Get Set for Some Learning

While you are working in real estate business, you need to have a strong knowledge on legal issues pertaining to this sector. In addition to perform better, you could also read books and magazines about real estate investment to keep yourself updated with the happenings in the industry. Researching about the properties that you are planning to buy in detail is mandatory. If you think you can are capable of this kind of commitment, then you may just be the right person to buy real estate for investment. 

Real Estate Tips For Success-Oriented Investors

Like in any industry, setting up a real estate investing business can be risky. Being a property investor is not all wines and roses. If you don’t have sound contingency plans, you can lose a lot of money when something goes wrong with your business venture.

Unfortunate events in the real estate business, however, can be avoided. If you have made certain preparations and follow sound real estate tips and advices, you don’t have to fear losing important clients, great leads, or even your hard-earned savings.

To make your real estate investments a huge success: here are some pointers that you should consider when investing in real estate

Always remember that a bargain isn’t always a bargain. Just because a deal looks like a winner, it doesn’t meant that you should neglect your initial duties as a real estate investor. You should always be careful with the choices you make and never buy on emotion. Before you purchase an investment property from a motivated home seller, see to it that you have visited the property a number of times. A background check is also a must if you want to ensure that you’re betting your money on the right property.

Surround yourself with like-minded people. Build a real estate investing team that is made up of individuals who have the same passion in life to ensure smoother work flow and lasting professional relationships. Building relations with the right people in the business, including your fellow investors, real estate attorneys, and title companies, can also make your job a lot easier.

One of the most important real estate tips you’ll probably get is to create an investment plan. Like in any other business, it is important to create a business plan because it can help you avoid losing sight of your goals and identify the things that should be done to fulfill your objectives. It can also help you deal with unforeseen circumstances and potential problems.

Value education. While it is true that you don’t need to be a rocket scientist just to succeed in the real estate investing business, it doesn’t mean that you should neglect your studies. Always remember that education is what separates success from failure, which is why you need to equip yourself with proper knowledge on investing in real estate.

How To Buy Real Estate In Today’s Market

The real estate, a multi-million dollar industry, has lured a lot of people to engage in it – whether in buying or selling. Some have substantially gained, others have lost. The risk is high – especially if the buyer is not very liquid and do it just to get rich, the easy way. There are legal matters to contend with, market forces, laws and a whole lot more of complex processes. Those who have done well in this business are the ones who have the skills to persevere, manage funds and properties – as well.

Things To Consider Before You Buy Real Estate

Buying a real estate entails a thorough and in-depth research and market analysis, not a spur of the moment decision. There other practical tips that may or may not work for a particular situation. Just be cautious when buying. Investment protocols also vary depending on the real estate you buy.

Real Estate Location

The location of the real estate most often, dictates the value of the property. There are other factors to consider though such as the prevailing economic activity or situation of the place where the property is located, the kind of real estate – whether it is residential, commercial or a prime lot, bank-owned or private, among others.

Real Estate Property Condition

Before you buy real estate, it is good to have an ocular inspection. You may get other information regarding the property from those living close by or from the tenants. Know if it is encumbered or not. Other information may be gathered from the Internet and most of all, from the owner itself. Gathering as much information is needed to help you in coming up with the decision. Sort out these data and then proceed with the next step which is figuring out the value of the property. These can be gathered from the seller him/herself or the bank, if it is owned by the bank. You may also want to verify from the proper agency or authorized real estate agent handling the sale.

Real Estate Trends

Real estate is not a volatile market. The prevailing market conditions can impact the industry in terms of pricing. It is fitting to check these details so you save the trouble of being overpriced and get your money’s worth. Furthermore, be on the look out for legalities specifically the certificate of ownership and the existing laws surrounding it. Consult a legal mind to give you a better understanding of the consequence of such transaction.

For whatever purpose you have in buying a real estate given today’s market, your security must count first.

Six Real Estate Tips

The real estate tips that follow are meant to help you avoid common and not-so-common mistakes. Buying a house or other property always involves some risk, but there are many ways to reduce those risks.

1. “As Is” Property Inspections

Some sellers (including banks) specify that a property is sold “as is.” Of course all properties are ultimately sold with no promises other than those made in writing. We take our chances. But if sellers won’t allow an inspector into a property, walk away. There is no good reason that a seller shouldn’t allow an inspection, and the bad reasons are a risk you don’t need. Banks generally won’t loan on properties under such conditions anyhow, so you may be in trouble with financing in any case.

2. Plan For The Unexpected

Plan on at least 10,000 for “unexpected costs” when buying any real estate. One investor I know, who was very careful in his planning and had done many rehab projects, still found that he averaged a couple thousand more that he estimated for total expenses. Even when you are buying a home for yourself you should expect the unexpected, and make it part of your budget.

3. Check The Attic

On older homes, be sure to pop your head up into the attic (or have the inspector do so). Have a flashlight with you. You want to look for signs of leaks, as well as looking to see if the wiring has been updated. There are still bare wires strung on ceramic insulators in some old homes. Note how thick the insulation is as well, and whether there are any signs of animals.

4. Lay Of The Land

Look at the way the land lays around a property. On a sunny day after a dry-spell, you might think nothing of the slope towards the house or buildings. But it almost certainly means there will be water pooling near the foundation every time it rains. See if there is proper drainage, and then look for any water stains on basement walls.

5. Negotiating Through Real Estate Agents

You might think you have to meet the seller in person to use most negotiating ploys, but there are some you can use even when a real estate agent will be presenting the offer. For example, you can hesitate when you make an offer, and suggest that you really didn’t want to go this high. You might even start talking about another investment or home opportunity that you’re looking at. The agent will certainly pass along this information, and may suggest that the seller accept the offer as written rather than risk chasing you away with a counter-offer.

6. Know Your Costs

This may be the most important of these real estate tips. You should plan for extra expenses as mentioned above, but you also need to know what your ongoing costs will be to honestly compare properties. This is true whether you are buying a home for yourself or investing. Property tax and insurance rates can be very different from one property to another, for example, especially if they are in different towns. One house can cost twice as much to heat. Mortgage rates can be substantially higher on a home if it is classified as a mobile home (and some double-wide mobiles look like standard “stick built” houses). Calculate what you’ll be paying at closing, of course, but also know what your ongoing expenses will be.

Home Buying Tips: Clever Negotiations

Having savings is very much important for people. In home buying, savings could mean more funds that can be directed towards improvements. Alternatively, it could also mean more funds to cover for personal expenses. For some, savings is used for investment.

That is why in purchasing homes, people would always resort to negotiation. It is done in almost all of transactions and with the right approach; buyers can walk away with their dream house at an economical price.

More about Negotiating Home Prices

Negotiating home price is not easy. Since the buyer and the seller have conflicting interest in terms of money, it is rare for a negotiation to be over quickly. In addition, certain legalities are involved. These things need not to be taken lightly and should be carefully examined to avoid the possibility of being ripped-off.

As a buyer, you have to pay attention to certain details so that you can convince the seller to lower down their prices. Here are some of them:

Let us talk about the price

Once you get hold of the price set by the seller, you should start asking yourself, “How much am I willing to pay”? You need to determine the highest and the lowest price that is acceptable for you. At least you have bidding options in case of haggling.

As a basis of comparison, you can ask your real estate agent to give you a comparative market analysis. Study them so that you will be able to reason with the seller.

Evaluate the house properly

Never buy the house without inspecting it. There are usually two kinds of inspection involved. First is ocular inspection (usually done in open houses). The second one is where you hire a professional to perform an extensive inspection to spot concealed defects of the house.

When these are uncovered, you may want to discuss this with the owner. Sometimes, they increase the price to cover for the repairs. However, you can actually assume the responsibility in exchange for lowering the price.

Know the seller

It is also important that you fish out information about the seller. One in particular is determining why he or she is selling the house. If the homeowner is in a hurry to let go of the property, you may want to think of options where she will be left with no choice. One tip though, always start with your minimum offer. Do not show all your cards right away and always reason which sounds beneficial to owner.

Be cautious

You probably need a real estate broker. Therefore, choose them wisely. You really have to screen them to protect your interest. Put in mind that these agents are also concerned about their commission. If you have a goal to lower the price, it would be conflicting to their aim to get a higher commission.

You also need to be familiar with the state laws. You will definitely need this especially on evaluating contracts. If you think real estate is not really your thing, go ahead and hire a lawyer.

Keep in touch

If there are changes in decision, always inform the seller. You can set appointments to meet up and talk about the transaction. Remember, negotiating is better done in person rather than through phone.

Real Estate Advice – The Basics

The recent economic downturn has lead to property prices coming down dramatically. With the expected upswing in the economy, this is the time to invest in real estate. If you do not already own a home and have a stable job and income, plan on investing in your own home now. If you already own a home, look at other real estate investment opportunities. As with any other investment, real estate investment too needs some research and understanding of the basic terms. While most real estate agents are willing to offer real estate advice, it is best to go to them with a prepared list of specifications about the property you want to purchase.

The key to real estate investing is in choosing the location. Whether you plan to live on the property you purchase or rent it out, you need to look at the location and neighborhood properly. A pollution-free, safe, and well-kept residential locality with good, affordable schools in the neighborhood is sure to fetch good returns on investment at anytime. Of course you need to check the town or local plans to ensure that no major roads are planned near the property you have zeroed in on.

As a real estate investor, you need to examine the property for any maintenance issues. Some homes might require plumbing fixes, while others might need to be painted. If you have the time and ability to do these repairs or know somebody who will carry out such repairs go ahead and make your purchase. This is especially true if you plan to rent out the property, as it is the landlord’s responsibility to maintain the electrical, heating, and plumbing fixtures. When you fix the rent, you need to take into account the amount you will be paying toward the mortgage, as well as property and local taxes. The rent should at least cover these costs. Ask other real estate agencies in the neighborhood about the rental income you can expect and check that your expenses will be covered. This piece of real estate advice will help you to make a profit on your investment.

While residential real estate locations need to be in quiet neighborhoods, commercial real estate location needs are different. When buying commercial property, check that the real estate is close to the main business district. Look for a property with ample assured parking space to accommodate the needs of the employees and the customers. Such a place is much more likely to attract enterprises that will pay a high rent.

While there are many angles to real estate investment, the main estate investing advice you need is to look for a good location. While other deficiencies in the property can be rectified after the purchase, the location cannot be changed. A good rule of thumb when looking for residential investments is to ask yourself if you would be willing to move into the neighborhood. As most people have the same needs from a home, if you answered in the positive, you are more likely to get a tenant.

Unlike investing in shares, a real estate investment requires a lump sum from you for the initial down payment. You are also committing to regular mortgage payments for a long period. Given these factors, one should look carefully before deciding to purchase a property. By examining the location from all angles such as possible future developments in the area, you will be able to make a good choice. Real estate advice essentially focuses on helping you to choose a good location for your property.

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