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Commercial Real Estate Financing

One of these issues is cognovits. The odds are pretty good that you will encounter these at some point during your investment career, but you may not be aware of what they are and their function in a real estate transaction.

It is important to note that cognovits will only ever become an issue in commercial transactions, so those of you who are dealing with private and personal properties will likely never have to worry about them or what they could mean for a transaction.

The cognovit provision basically allows a loan creditor to take a judgement, whatever that may be, against a borrower. It usually arises if the borrower has failed to pay back the money they owe to a creditor in some form.

Upon the borrower’s default, cognovits allow the judgement to be made without the creditor having to spend time and money on other legal proceedings to claim back the property they provided the loan for. It also means that the creditor is able to take away the risk of a lawsuit for taking back a property that they are owed money for that the borrower is unable to pay.

In most real estate transactions you will …

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PATHS For Selling Homes

  1. Price: Beware, do not select an agent, solely because, that individual, claims, your house is worth, the most (far more than others, you interview). Have the individuals, justify, their reasoning and reasons, and have them, show you, a fully – considered, relevant, Competitive Market Analysis, or CMA! Since, in the vast majority of instances, homes, listed on the market, get their best offers, in the first few weeks, pricing the house right (correctly), from the start/ onset, is the best strategy!
  2. Adjust: Even when one creates his price, based on properly obtained information, either market conditions, some aspect of the economy (national, regional or local), or something, specific about the target property, might challenge the sale, of the house. The finest agents, will know, and clearly articulate, when a price adjustment, is called for, necessary, and the best strategy.
  3. Teamwork; timeline: The better an agent and client, work together, and proceed, on the same – page, the better the possibilities! Remember, there should be a well – considered, timeline, because, there is something, known, as the opportunity – cost, of any asset, and, there may be a fine line, between holding – out for a slightly higher price, and
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Power of Real Estate Signs

Coldwell Banker uses a white background sign with a blue logo that is easy to distinguish from most other signs. Over the years little has changed about this sign. A new 3D sign was released not too long ago but only the effect of the design is changed, the core elements remain the same. The only major real estate company that you could confuse a Coldwell Banker sign with is Windermere. Windermere signs also use a white background but the text is also displayed on that white background. What makes it easy to confuse for a Coldwell Banker sign is the blue backgrounded for sale label that runs across the top of the sign.

Sotheby’s sign is relatively close to both Coldwell Banker and Windermere’s sign but just in the fact that it uses white and blue. The Sotheby’s sign is blue with white text. In complete contrast Keller Williams uses an almost completely red background for some of its signs. Depending on the usage of the real estate sign it may also contain a partially white or black background. No other major reality companies use the distinctive red backgrounds but a few smaller ones do.

Century 21 signs have …

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Reading Real Estate Listings Like a Pro

Understanding real estate listings doesn’t have to be an insurmountable challenge. Within context, most abbreviations are easy to decode. While “cozy fixer upper” is simple enough to decipher, what about a home that’s listed as having CAC and CH, as well as hdwd flrs and a grmt kit, and an aek? The savvy reader will accurately guess that this home has central air conditioning and central heating. The floors are hardwood, and the home sports a gourmet kitchen. All the appliances are powered by electricity in an “aek”- all electric kitchen.

Listings are most frequently sorted by the number of bedrooms and bathrooms. Consider not only the size of your family but the ways in which you intend to use the rooms. Will you need an extra room to install an in-home office? Once you’ve chosen the number of bedrooms and decided on a number of bathrooms, you can narrow down the choices.

The next thing to look at is the details. A cath ceil (cathedral ceiling) indicates an elegant style while a f/fin (fully finished basement) may be ideal for young families with active kids. If you’re looking for a home in move-in condition, look for q pos, short …

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Risks Of Trying To Market

  1. This past year or so: In the past year, or so, we’ve witnessed, the price of real estate, in many markets, escalate, exponentially, in a short – period of time. For example, one of the houses, I listed, and represented, not only sold, at nearly 15% over asking price, but there were 22 qualified offers, by the end of the first weekend. We all remember, that, often, in the years before, having to re – price, and adjust listing prices, to get a house sold. Up – markets, often, arise, because of a confluence of factors, such as supply, and demand, low mortgage rates, and the perceptions of improving overall economic and employment conditions. However, prices rose, so quickly, now that mortgage rates have risen slightly, and more houses are listed, we are now, in a somewhat, normal, real estate market. Those who were represented by knowledgable real estate agents, were prepared for the eventualities, and, avoided the danger, of pricing a house, too high. In normal, or weaker markets (e.g. buyer markets), home sellers get the best results, when they price, their houses, properly, from the start!
  2. Knowing and understanding the different types of real estate markets: There are
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Pick the Right Buyers Advocate

Knowledge of local market

When searching for a buyers agent, look for one with a thorough knowledge of the local market. This is regardless you are buying in your locality or in another state.

An agent should not only know the best streets in a suburb but also those with a potential for upgrades and those that you need to avoid. Also, he or she should be able to get quick access to listings before they are released to the market.


Make sure to check the credentials of your buyers agent. Find out his qualifications including any training he or she has undergone, what real estate associations he or she is affiliated with and whether the groups are credible. You can also ask if the buyers advocate has industry qualifications in other states.

One reputable association for buyers advocates in the real estate industry is the Real Estate Buyers Agents Association of Australia (REBAA). This group is composed of accredited professional and licensed buyers advocates in every state who are exclusive and covered by professional indemnity insurance.

Right Connections

A buyers advocate should also have established connections not only in the state where he or she works but also …

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Real Estate Closings

  1. Where the earnest money came from: Lending institutions often question, where one got the funds, to put down, also known as the earnest money. For example, if a property sells for $500,000, and you are to put 20% down, that means $100,000 down – payment. Generally, when you sign the contract, you will be expected to put an amount down, known as earnest money. This amount is often 10%, so in this case, someone would put $50,000 down, upon signing the contract, and a similar amount payable at the closing. You might often be asked to show where this money came from, by submitting a few months bank statements, or investment statements, etc.
  2. Tax returns: Mortgage banks and brokers, generally require the buyer, to submit the two, most recent, years, tax returns. This is generally done, by signing a form, permitting, them to get these from the government. Be prepared to answer anything, which might tend to be somewhat confusing!
  3. Investment statements: Gather the investment statements from your investments. Generally, you will be asked, also, for the past year, or two, and especially, the most recent few quarters.
  4. Bank statements: You’ll have to provide, at least, the last 2 bank
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Avoid Getting Outbid By Cash Buyers

  1. Go through a lender that will give you a full qualification: That means he’s running your credit and will fully prepare your loan. All you have to do is find acceptable collateral, it is generally regarded as a much stronger offer because the buyer is fully qualified.
  2. Pay closing costs: Depending on the state you’re in, closing costs will be approximately about 2% for the seller, consider bearing the cost, the seller will look at your offer far more favorably.
  3. Let the seller’s agent pick the closer: In many states this is a title organization and they’re all really equipped. It doesn’t make a difference to me who brings home the bacon (as long as it closes), so let the seller’s agent pick, they have personal connections they might want to cultivate and they’ll be prone to advance your offer better.
  4. Make aggressive offers: If you are not finding properties well worth making aggressive offers on, keep looking. When you find a property that’s worth more than the selling price, offer what it is worth. If you’re making weak offers, especially as a financed offer, you’ll lose out there.
  5. Put out your financing contingency: This may be risky, but if
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Real HOPES Of Buying A New Home

  1. Heart; heating: The heart of a home, must focus on, the essential bones, of the specific property. A smart buyer recognizes, while one can alter, and amend, the cosmetic aspects of a house, such as painting, flooring, etc, with a minimum of hassle and costs, if the main components, of the property, are weakened, and/ or compromised, you may be purchasing a Money Pit, instead of an enjoyable place to live! Carefully inspect, and consider, the condition, age, and effectiveness of the heating and air – conditioning (HVAC), as well as overall, air quality! Consider, how long, you will be satisfied, with items, such as your kitchen, and bathrooms, because, if this will need renovation, in the near future, a wise home buyer, will factor that additional cost, into his financial estimates, and abilities.
  2. Options; opportunities; organized: Is the way, the particular house, is set – up, and organized, something, which you feel, will fit your needs, goals, and personality? Are there any specific options, which you believe, are essential and relevant, to your potential, to fully enjoy, the house? If there’s something, you aren’t 100%, in love with, are there realistic opportunities, to make certain changes?
  3. Priorities; perceptions; pricing:
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Buy Land in Mexico

From briefly look at this section of the Mexican constitution from 1917, it looks like it took a lot of land away from people. It changed the concept of land ownership to one where the government actually owns all the land and even though they sell it to individuals for use, the government can get it back if they want it. From what I’ve seen this doesn’t happen very often and when it does it is similar to what happens in the U.S. when they put in a highway through an area that used to be private property–the government has to pay a reasonable price for the land.

Other than the “restricted zone” foreigners can own land subject to Mexican law. Just because you are a U.S. citizen doesn’t mean the land becomes U.S. property. It is treated just like a Mexican citizen owned it.

If you are looking to buy property in Mexico keep in mind that there is no type of real estate license required. Anyone can sell real estate and there isn’t any type of code of ethics that they all agree with. You will want to work with someone trust worthy.

If you want to purchase …

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