Real estate properties

The growth of the Real Estate market in Dubai is protected from whatever fluctuations taking place in oil prices based on short and medium term. In fact, it is estimated that higher prices will only spur on the growth to higher speeds. The value of some of the Real Estate projects in GCC, Iran, and Iraq has already crossed $750 billion. Nearly 33% of this is concentrated in the United Arab Emirates with Dubai contributing the maximum. This figure is higher than the combined GDP in the same region, which is lower than $700 billion. According to expert estimates this trend will continue despite the fact that the oil prices are expected to fall in the short and medium term.

One key thing to note is that so far the growth of Dubai has been consistently defying all analysts. Since the past 5 years all sorts of experts have been saying that it is about time the Real Estate market in Dubai stopped being so profitable but so far the bubble has not burst. Though such growth has never been sustainable before no one is able to explain why it continues to thrive in Dubai. The GCC has the 17th largest economy in the world comprising of 500,000 high income earners and a GDP of $525 billion. The total ½ trillion dollar economy creates more than $500 billion in revenue that is used for investment. This volume is believed to boost the Real Estate and construction sector in Dubai.

With a growth rate of 25% per year the UAE GDP is expected to reach anywhere from Dh 500-900 billion by the year 2010. The UAE has already surpassed Egypt as the 2nd largest economy in the Arab countries. It is now second to Saudi Arabia which is going through its own explosive growth period. The projects in UAE total at around $225 billion with Dubai holding nearly $125 billion.

The population of Dubai is also expected to go from the current 1.1 million to 4 million by the year 2017 and by 2020 it may exceed 5 million. This growth is expected to put a great strain on the infrastructure. The government has already spent $2.5 working on the road network covering 9,600 kilometers.

Dubai has always been the most popular place in the UAE because of its visitor friendly policies. There are many investment opportunities available to people in Dubai. In the past 2 years other emirates have also noticed the profitability from Real Estate development and they are also beginning to contribute to the growth of the region.

Because of the heavy investment in the tourism, infrastructure has further encouraged the growth of the Real Estate market. The increase in the Abu Dhabi population has increased the cost of rentals there. In fact, Abu Dhabi has all the potential requirements for avoiding the issues that are threatening to hinder the growth of Real Estate market in Dubai. These issues include shortage of man power and large scale construction projects that take too long to complete.

By: William King

Many real estate agents enter the real estate market each year attempting to know real estate so that they can represent their clients who expect that they know something about real estate. Some agents feel that they know real estate after they take their state exam because they don’t know any better. But the truth is that they don’t know real estate until many things transpire to make them a real estate agent and those things come from knowledge.

In this article, I will give you what I know to be the truth about learning real estate and give you some simple step by step instruction on what it takes to learn real estate and become the professional that is hired by the public to protect them. This is really simple but it requires a simple approach that can be tedious and boring to a salesperson. However, as a top agent in my field and the number one agent in Georgia, I can tell you, this is what has to be done if you are going to protect your client.

Learning real estate is a process

Real estate is a process of learning the system of the contract and the MLS. Here are the 7 steps to becoming good at what you do for a living:

Read the Purchase and Sale Agreement 50 times or more over the course of the first month in the business. Apply questions of when, why, where, how to all paragraphs. Ask your real estate broker if they have a written test they could give you to make sure that you are comprehending the agreement. Study all addendums, exhibits and forms that can be added to the Purchase and Sale Agreement closely, applying the same questions as above to each and every paragraph. Study the MLS system so that you have a working knowledge of the MLS listing itself and the features of the system. Map out a few homes and then think what you will do to notify the seller that you are going to visit the home. Make a script and a process of how you will show the home, listing the steps from getting your lockbox key updated all the way to locking the house back up when you leave. Learn the mapping system that you will use. If you are using a GPS, map book or mapping software, make sure that you fully understand it’s flaws. Write a fake offer for a buyer pretending that you are representing them. Fill in all the blanks and ask yourself the questions that will represent this buyer well. This is where you ask your family members to help you. They make up a scenario and you represent them. Of course you are not going to send the offer to an agent. Study construction flaws of your area on the internet. However, remember that most state’s licensure for a real estate agent is limited to only the duties of an agent. This does not include making recommendations for repairs or being an inspector with your clients. Make a packet of information for your buyers showing that you are an expert and that you have thought of the information they need to make an education purchase.

If you do the simple things above, you will find that you will become an expert quickly. Almost everything you need to know is in the Purchase and Sale Agreement that your state uses. Many people attend continuing education and that is fine, but the rubber meets the road when you are an expert at representing your clients in a legal and binding document.

By: Rhonda Duffy

Most people in America rent a personal dwelling!

Just think how many families rent a house or an apartment, a duplex or a condo.

Yet, nobody prefers renting.

Who wouldn’t want their own home, if they had the choice.

Even if, say, someone moves into town on a temporary basis, wouldn’t they prefer buying a house, gaining appreciation even for the short term, and selling for a profit in 6 months or a year?

Maybe there are exceptions, but I can’t imagine anyone really preferring to rent when they could own.

After all, most rental houses are not even preferable. The condition of a rental house usually declines after being occupied by family after family. Rental houses usually are neglected and abused. They become less desirable. A rental house is NOT THE BEST HOUSE IN TOWN simply because it IS a rental house! And sometimes a rental house becomes a real dump. Families move in, families move out, and the landlord CANNOT and IS NOT ABLE to maintain a rental house in TOP CONDITION! The main reason a rental house is impossible to keep pristine is because renters don’t treat a rental house like their own.

Yes, there are exceptions, but most rental houses are not up to snuff. I know, because I use to own $10 million worth of rental houses. I had some very nice properties, but there was always something that needed repair. Things go wrong that need fixing, and perfect maintenance is impossible. Rental houses are less desirable because they can never be brought up to first class and maintained that way. If I had been the owner AND occupant of that rental house, I would have tried to fix it up and keep it in top condition.

When you fix up houses to sell, “Renting America” becomes your marketplace.

(1) You can never exhaust the demand. Everyone prefers their own house. It’s still the “American Dream.”

(2) It’s easy to create an immaculate house for re-sale that outshines most rental houses.

(3) Selling renovated houses to the tenant in the marketplace rather than to the house-hunting market is much easier. Renters are readily convinced that paying monthly rent is a financial downer. Sorting out the credit-worthy renter with an offer to own becomes a win-win proposition.

An untapped niche market in real estate investing is fixing up houses that can be purchased by America’s renters.

By: Dr.Phil Speer

Panama has always been a great spot to invest, it’s because the growing trend nowadays is that investing overseas, it’s probably this year is becoming a rough year because of the nationwide housing crisis people rather investors tries to opt for searching the horizon and in this case its going to other countries in which is having a good year in their own respective market or some place that are a hot spot or just beginning to be a hot spot. Panama Real Estate has been a revelation so far. In recent reports the growing popularity of the area has been an underdog to other Latin American countries that are bagging tourists. Now that the tables have turn for the market in which Real Estate on countries such as Panama and any of the country in the Caribbean strip is making its way to the mainstream.

It is rather a surprising instance that the market is over viewed as a good place to invest mainly because the market has provided some potential progress, in March numbers the listings have grown scientifically and investors have shown very high interest. The condo market there has been in a good progress. There are reports that potential investors are keen on taking properties on the beach side, suggesting that they will make Panama sort of a little Miami in a way. I like what people are suggesting to do with Panama’s shorelines because they are doing a great job attracting investors. It is really exciting getting the market’s attention at hand. More and more people are taking notice and that is something to look forward into.

In time, Panama will most likely get significant improvement because of the development the officials are making. Suggesting that the resources that the country has is qualified for potential real estate property, the gain of the country’s real estate business numbers are good. It’s something to look forward to and have an eye on. Let it be known that the investment on the market is getting nice attention for potential home buyers and investors, U.S. developers are also getting their eyes locked on the country and scouting for a nice location to build their projects with. Whether it is commercial, residential or condo real estate market, Panama’s future is bright and it’s obvious.

Not only that the market is really valued it is also processed in a very good situation. I, myself would like to get my hands wet on the market. It just shows so much promise. That is why you see big time companies and investors showing interest in the land. It attracts investors, naturally, it’s like a given. The thought is that the market given the chance to improve has a lot to offer, be it Real Estate, commercial or any type of business. Panama shows bright lights and the connection it makes to their own market is significant.

Jron Magcale

http://panamarealestatetrends.com

By: Jron C. Magcale

Real estate investing expertise can certainly accommodate the luxury home market. In some ways, the upper end of the housing marketplace produces easier success than the lower end. More skill, however, is required to sell the luxury home. But more important, supply and demand is critical in selling the luxury home. To get “stuck” with any home that does not sell easily can be treacherous, but sluggish sales for the luxury home can be disastrous.

“Cheap homes” are at the other end of the housing spectrum. “Cheap homes” abound everywhere. Every community in the country has cheap homes, because the predominance of the population lives in inexpensive housing. More people comprise the middle and low income bracket than the high income bracket.

“Cheap homes” is a very ambiguous term that is relative to an area. For example, “cheap homes” have lower value in a rural community than in a populous area like New York City. But even adjoining counties in any State may maintain different definitions of “cheap,” even though separated by only a few miles.

“Cheap homes” do not reference slums or ghettos necessarily. Real estate investing in these areas might embrace federal grants or HUD Section 8 housing.

My focus in this article is the use of “cheap homes” as a starting place for a real estate investing career. “Cheap homes” in this article is NOT the bank “red lined” crime area, or where drugs and prostitutes are rampant, or where housing has been severely abused or neglected by property-owners and/or tenants. And “cheap homes” in this article is not the burned-out or dilapidated building.

My definition of “cheap homes” for the beginning real estate investor is the less-expensive housing that accommodates the middle or middle-low class citizen. The demand for this housing is usually high and constant. The risk for real estate investing is usually low. And the effort needed to penetrate this marketplace is easiest.

I get occasional calls questioning the existence of “cheap homes” in certain parts of the country. These calls usually come from California and certain states in the northeast like Maryland. The caller has read my web site and challenges me, “You can’t find a cheap house here!” Now, we all recognize that the medium pricing index for housing varies all over the country. “Cheap” means a different price to everyone. But the outcry of these challengers is that Los Angeles has no “cheap” houses, with its average housing cost exceeding $600,000.

Here’s my response to these callers. Drive into downtown L.A. and locate the city’s tallest office building. Find the janitor. Ask him where he lives, or follow him home. He may drive out 25 or 50 miles from work. But he knows where the “cheap home” can be found. He has already done the research. He has done his homework. He has found decent housing for his family, and it’s not in a high crime area. Drug dealers, prostitutes and pimps are not roaming the streets. The houses are not beat-up and deteriorating. He has a good job and a decent salary, he is middle class, and he has found a “cheap house.” Chances are, his whole neighborhood is a good target area for searching out a “cheap house” for starting a real estate investing career. These properties can be found everywhere.

I live in Nashville, Tennessee and not in Los Angeles. Housing is a little cheaper in the South. I bought $1 million in “cheap houses” during each of my first two years when I started my real estate investing career. I had acquired $10 million of these “cheap houses” within 4 years. I’ll bet the ranch that I could duplicate that same success in L.A. or any area of the country. Real estate investing is real estate investing, wherever you live, and relatively speaking, “cheap houses” abound everywhere.

I contend that “cheap houses” are the lowest risk property for beginning a real estate investing career. And I argue that “cheap houses” can be found all over our country.

By: Dr.Phil Speer