Wednesday, June 30, 2010
HOUSING AND REAL ESTATE
New and Exciting Housing Options
During the past decade, housing options in Luzerne County have expanded rapidly. Significant new construction has occurred throughout the county. New construction has included planned residential developments, senior communities, groups of homes on one to three acre lots, and estate homes on properties as large as ten or twenty acres. Apartments and town houses – in ranges that make it possible for any family to find a new home that meets their personal and financial needs – are available, and more continue to be built to meet an ever-increasing demand. Luzerne County’s cities, larger townships, and boroughs, once presumed to be fully developed and land-locked, have experienced construction of numerous new housing options: upscale apartment complexes, condominium developments, innovative town homes, and numerous single family homes on city lots.
As you look at our community, we think you will agree that Luzerne County is truly livable, that our neighborhoods are distinct and different from others just blocks away, and that you will find a home that meets your family’s needs, and one that you can truly call home.
Monday, June 28, 2010
Real Estate Value Foreclosures
It is possible to find properties selling for 50% of their potential fixed-up value, most people will find it easier, and more efficient, to focus on properties selling in the 65% to 80% of value range. Some of the value seasoned investors seek when buying these homes can come from the normal terms of the loan, such as very old loans that have been paid upon for many years. Some can come from price appreciation in a “seller’s market” where homes are appreciating rapidly in price. Some can come from the lender not wanting to deal with the property due to damage or necessary repairs, where the lender will accept less than they are owed on the property. So, how do you find these properties and what steps do you take.
Real Estate Terms
It can be very valuable if you are looking for distressed property and homes in loan default. Picking an agent is something you should spend some time thinking about though, rather than just walk into a Realty office and start talking to the first agent you find. Some agents and offices work closely with lenders and asset managers to sell properties the lenders have taken back. There is a page on this site with a list of free on-line Foreclosures. Spend some time going through the lenders, and write down the names and numbers of agents in your area that have properties listed. That should give you a decent start on finding an area real estate agent familiar with foreclosures.
Saturday, June 26, 2010
English country house
Wednesday, June 16, 2010
Real estate
Real estate is a legal term (in some jurisdictions, such as the United Kingdom, Canada, Australia, USA and The Bahamas) that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in location—immovable.[1] Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction and include things such as commercial and residential real property transactions. Real estate is often considered synonymous with real property (sometimes called realty), in contrast with personal property (sometimes called chattel or personalty under chattel law or personal property law).However, in some situations the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring to ownership of land and appurtenances, including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof. Real property is typically considered to be Immovable property[2] The terms real estate and real property are used primarily incommon law, while civil law jurisdictions refer instead to immovable property.