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Delaware Real Estate Living On The Water

(category: Real-Estate, Word count: 148)
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A classic Atlantic state, Delaware is known for beaches and towns on the Atlantic Ocean. Delaware real estate prices aren't bad and appreciation is excellent.


Delaware is a state with a lot of coastline. When you think of wind swept beaches on the Atlantic Ocean, you're thinking of Delaware. The beach areas come in a variety of forms with sleepy little villages, laid back resorts and energized tourist areas. Much of the state is within a few hours of the major cities of Philadelphia, Baltimore and Washington, D.C.


Wilmington is a mid-sized city, but the largest in Delaware. Not the most striking of cities, Wilmington is a bit schizophrenic. Parts of the town are dreary and industrial while others contain pleasant parks and walking areas. In the pleasant areas, you'll find brick paved walkways with little caf

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This Powerful Quote Was Earth Shattering

(category: Real-Estate, Word count: 482)
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Last night I was straightening out my office, going through some notes I had taken when I met with a friend in New York last week, and I came across a powerful quote.

This quote is actually very simple to understand, but literally blew my mind when I really thought about it.

"You must always strive to UPGRADE your conversation daily."

When my friend recited this idea, I was lost for a moment.

What did he mean by "UPGRADE your conversation"?

Then I got it. You see, so many of us get caught up in the "talking game".

We love to "talk the talk"; but when it comes to "walking the walk" most of us find a way to busy ourselves, and to procrastinate.

The scary fact is most of us do this more than once a day!

If you truly want to be successful at whatever you do, you must upgrade your conversation daily!

What do I mean by this?

Well, if today you're trying to figure out how you're going to get tons of motivated sellers knocking down your door to give you their house, then tomorrow you need to send out the marketing that's going to create that tidal wave!

The next day your conversation will be upgraded to:

"How can I improve my marketing pieces to get a better response?"

NOT: "How am I going to get tons of motivated sellers knocking down my door?"

Do you see the subtle, yet powerful difference?

If every day you take action in some way towards your end goal you will reach that goal!

You just have to get the ball rolling!

Stop wasting valuable time and money trying to figure out the perfect color paper to use for your postcards; or what are the perfect questions to ask when a motivated seller calls.

Just make some real money by taking action. If your paper color wasn't perfect or your questions weren't exactly right that's OK because you learned something! You can improve upon it the next time!

The important thing is you got the ball rolling.

So I challenge you to Stop Right Now for 2 minutes.

Put down your pen. Turn off your phone. Focus on what's the one next move you could make NOW that would propel you towards your goal.

-NOW TAKE ACTION ON IT! Don't worry if it's not perfect.

Just get it done.

Remember, bodies in motion tend to stay in motion; and bodies at rest tend to stay at rest.

It's simple.

Get the ball rolling today and remember to always, always, always "strive to UPGRADE your conversation daily"!

To a rich week!

Lou Castillo

Yours Free: 6 Full Months Of Specialized Real Estate Investing Strategies - Delivered To You By e-Mail, Audio and Teleseminar - All At No Cost To You...

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Debt To Income Ratio It S Just As Important As Your Credit Score When Buying A New Home

(category: Real-Estate, Word count: 902)
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Your debt-to-income ratio (DTI) is a simple way of calculating how much of your monthly income goes toward debt payments. Lenders use the DTI to determine how much money they can safely loan you toward a home purchase or mortgage refinancing. Everyone knows that their credit score is an important factor in qualifying for a loan. But in reality, the DTI is every bit as important as the credit score.

Lenders usually apply a standard called the "28/36 rule" to your debt-to-income ratio to determine whether you're loan-worthy. The first number, 28, is the maximum percentage of your gross monthly income that the lender will allow for housing expenses. The total includes payments on the mortgage loan, mortgage insurance, fire insurance, property taxes, and homeowner's association dues. This is usually called PITI, which stands for principal, interest, taxes, and insurance.

The second number, 36, refers to the maximum percentage of your gross monthly income the lender will allow for housing expenses PLUS recurring debt. When they calculate your recurring debt, they will include credit card payments, child support, car loans, and other obligations that are not short-term.

Let's say your gross earnings are $4,000 per month. $4,000 times 28% equals $1,120. So that is the maximum PITI, or housing expense, that a typical lender will allow for a conventional mortgage loan. In other words, the 28 figure determines how much house you can afford.

Now, $4,000 times 36% is $1,440. This figure represents the TOTAL debt load that the lender will permit. $1,440 minus $1,120 is $320. So if your monthly obligations on recurring debt exceed $320, the size of the mortgage you'll qualify for will decrease proportionally. If you are paying $600 per month on recurring debt, for example, instead of $320, your PITI must be reduced to $840 or less. That translates to a much smaller loan and a lot less house.

Bear in mind that your car payment has to come out of that difference between 28% and 36%, so in our example, the car payment must be included in the $320. It doesn't take much these days to reach a $300/month car payment, even for a modest vehicle, so that doesn't leave a whole lot of room for other types of debt.

The moral of the story here is that too much debt can ruin your chances of qualifying for a home mortgage. Remember, the debt-to-income ratio is something that lenders look at separately from your credit history. That's because your credit score only reflects your payment history. It's a measurement of how responsibly you've managed your use of credit. But your credit score does not take into account your level of income. That's why the DTI is treated separately as a critical filter on loan applications. So even if you have a PERFECT payment history, but the mortgage you've applied for would cause you to exceed the 36% limit, you'll still be turned down for the loan by reputable lenders.

The 28/36 rule for debt-to-income ratio is a benchmark that has worked well in the mortgage industry for years. Unfortunately, with the recent boom in real estate prices, lenders have been forced to get more "creative" in their lending practices. Whenever you hear the term "creative" in connection with loans or financing, just substitute "riskier" and you'll have the true picture. Naturally, the extra risk is shifted to the consumer, not the lender.

Mortgages used to be pretty simple to understand: You paid a fixed rate of interest for 30 years, or maybe 15 years. Today, mortgages come in a variety of flavors, such as adjustable-rate, 40-year, interest-only, option-adjustable, or piggyback mortgages, each of which may be structured in a number of ways.

The whole idea behind all these newer types of mortgages is to shoehorn people into qualifying for loans based on their debt-to-income ratio. "It's all about the payment," seems to be the prevailing view in the mortgage industry. That's fine if your payment is fixed for 30 years. But what happens to your adjustable rate mortgage if interest rates rise? Your monthly payment will go up, and you might quickly exceed the safety limit of the old 28/36 rule.

These newer mortgage products are fine as long as interest rates don't climb too far or too fast, and also as long as real estate prices continue to appreciate at a healthy pace. But make sure you understand the worst-case scenario before taking on one of these complicated loans. The 28/36 rule for debt-to-income has been around so long simply because it works to keep people out of risky loans.

So make sure you understand exactly how far or how fast your loan payment can increase before accepting one of these newer types of mortgages. If your DTI disqualifies you for a conventional 30-year fixed rate mortgage, then you should think twice before squeezing yourself into an adjustable rate mortgage just to keep the payment manageable.

Instead, think in terms of increasing your initial down payment on the property in order to lower the amount you'll need to finance. It may take you longer to get into your dream home by using this more conservative approach, but that's certainly better than losing that dream home to foreclosure because increasing monthly payments have driven your debt-to-income ratio sky-high.

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Property Guide To The Turkish Mediterranean

(category: Real-Estate, Word count: 489)
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A stunning coastline, lots of sunshine and great value for money have made Turkey a firm holiday favourite for over 20 years. The same things are now attracting property buyers in ever increasing numbers too, with the prospect of EU membership in the not-too-distant-future making the country one of the Mediterranean's hottest emerging property markets. Most foreign interest has been concentrated on the country's beautiful southern coast, between Izmir in the west and Alanya in the east. Backed by pine-forested mountains, with unspoilt scenery, the coast has a string of popular resorts, such as Altinkum, Bodrum, Fethiye, Kalkan, Side and Alanya. Many of these boast excellent beaches of fine white sand. Some are also close to fascinating archaeological sites, like the fantastic marble remains of Ephesus. For adrenalin junkies, the Turkish Mediterranean also boasts adventure sports, such as white water rafting and paragliding. Or if you prefer to take it easy, you can cruise off-shore from marinas at Bodrum, Gocek, Fethiye and Marmaris, with several more for the Dalaman area soon. There are also golf courses planned for several areas.

The Bodrum peninsular is one of the coast's most popular holiday spots - and now, places to buy property. Spread around a double bay, with the medieval Castle of St John as a magnificent centre-piece, Bodrum is the country's most cosmopolitan resort, attracting the cream of Turkish society, along with lots of package tourists from the UK and Europe. The resort's nightlife is legendary. It also has some great restaurants and shopping too. The town's harbour and marina are choked with sailing boats and traditional wooden gulets, which set-off in summer on day-trips and coastal cruises.

Property in Bodrum can be expensive, particularly if you want a view of the castle but beyond the town itself, a string of former fishing villages have become small resorts in their own right, and offer better value property. The village of Gumusluk has a small, pretty harbour, a shingle beach and is particularly famous for its waterside fish restaurants. There is a lot of development between Gumusluk and the nearby resort of Yalikavak, which has just gained a new marina, however at present the infrastructure in this area is limited. Further east, beside the planned site of a 18-hole golf course, several developers are selling apartments and villas off-plan in the Tuzla area.

The package resort of Altinkum is a firm favourite with British families thanks to its sandy beach, and there are over 3,000 British-owned properties in the area. The temple of Apollo, famous in ancient times for its oracle, is in the town, while the archaeological sites of Ephesus, Miletus and Priene are just a short drive away. The nearby Buyuk Menderes Delta and Lake Bafa are havens for aquatic birds and other wildlife.

Property prices in Altinkum are some of the lowest on the coast, with apartments available from as little as

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Dubai S Bachelors Live The Hard Way

(category: Real-Estate, Word count: 530)
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While Dubai may have grown amazingly in the last few years, some of its gray areas still remain unresolved. For example, its roads speak of congestion and indiscipline, which remain critical despite of so many measures being undertaken by the government. Similarly, the issue of poor working conditions and scarce accommodation for laborers can also be mentioned here. The lack of accommodation for the bachelors is yet another area that we can speak about. Surprisingly, the city, which boasts about its dreams and landmarks, does not have enough space to shelter those very same who made those dreams and landmarks a reality. So many Dubai apartments, furnished villas and Dubai hotel apartments to speak of, yet no permanent respite from not having even a decent place to spend nights at.

First of all, most bachelors in the Islamic UAE are regarded as a taboo. They are seen as intruders and spoilsports, and are prevented from mixing up with females. Some governments, including the one in Dubai, plan to further tighten the noose by making legislations in this regard. A new draft law in Abu Dhabi proposes to heftily fine those, who might partially rent their properties to bachelors. This may further worsen the situation, unless of course, the government had more housing plans ready with them. Since, Dubai apartments are short in supply and the rents very high, bachelors had no other option but to share space with landlords. It may not be possible to share properties in the future, however. Many Dubai realtors renting furnished villas and Dubai hotel apartments may also suffer, if an Abu Dhabi like legislation was to be enacted ever.

An obvious solution to this issue can be found by creating more apartments that were meant only for accommodating bachelors. The government in the UAE has already taken several steps in this regard. However, the singles are not too hopeful about their possible outcome. Right now, many singles daily travel up to three hours to make it into Dubai from their homes elsewhere. The traffic congestion only makes this task more herculean. Realtors making Dubai apartments, hotels, villas and Dubai hotel apartments are not concerned about accommodating bachelors. They mainly deal in high-end shopping malls, lavish hotels, apartments and commercial establishments. This obviously leaves the singles of Dubai stranded between the ethics and the market forces.

From a bachelor's view point, the administration and ethnic Arabs need to be more lenient towards the whole issue. While it may be necessary to respect the local way of life, the issue should not be taken to extreme levels. There is a large expatriate segment living in Dubai right now. They come from all over the world and play a key role in the emirate's growth. Hoards of city's landmarks, hotels, Dubai apartments, villas and Dubai hotel apartments story-tell how the two, ethnic Arabs and expatriates, have grown into a modern-day folklore. To strengthen this tie-up even more, both sides will require listening to each other, and resolve the issue carefully. Dubai's cosmopolitan society needs opening up more and not be an orthodox one like many other countries in the area.

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A Quick Guide To A Quick House Sale

(category: Real-Estate, Word count: 508)
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Need to sell your house quickly? Put off by the thought of estate agents and viewers tramping through your home? Follow this quick guide to selling your home fast.

There is an alternative to the traditional route when it comes to selling your home. You can use one of the many specialist companies that offer to buy your house so that you're not at the mercy of a chain, or paying huge fees to agents and solicitors. Here are the steps you need to follow:

1. Decide how quickly you need to sell your home

Most quick sale companies can complete the purchase of your house within just four weeks. If you need to sell sooner than that, just say so; they can normally arrange a quicker purchase. If you're selling your house because you're relocating unexpectedly or because you're in financial difficulty, set a realistic timetable and ask the company if they can keep to it.

2. Decide how much you will accept for your home

You may not get the full open-market price for your property as you would with an estate agent, but you don't have to pay estate agent fees and the whole process is quicker which means you save on mortgage and bill payments. Look at the current market value of properties like yours in the same area and decide how much you're willing to accept from a specialist buyer, bearing in mind the other savings you are likely to make.

3. Talk to the companies

Always try to talk to the specialist companies rather than just contacting them over the internet. Talking to them gives you a much better idea about how they approach the sale. You can also take this opportunity to ask any questions about the process and to make sure that you can use your own solicitor to check the contract and that you won't be asked to commit on the spot.

4. Meet an agent

Most specialist buyers will send someone round to view your house. This allows them to give you an accurate and fair valuation and also gives you the opportunity to ask any further questions.

5. Agree the sale

Once you've been given a valuation, you will normally have a set period in which to think about whether you want to agree to the sale. If you decide to go ahead, it's a good idea to get an independent solicitor to look at the contract before you sign. Make sure you know if there are any additional costs to pay, and when you will receive the money. Also find out when you will be expected to vacate the property and whether the company can help you find other accommodation.

Getting a quick house sale is as easy as these five steps and can be accomplished in as little as 3-4 weeks, making it ideal for people in a wide range of circumstances, including those going through a divorce or bereavement or those who are in financial difficulty.

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Do This Before Listing Your Home

(category: Real-Estate, Word count: 404)
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Want to Increase Your Equity When Selling Your Home? - Think of Your Home as a Financial Asset

A transition takes place when you begin the process of selling your home. You see your home not as a home, but as a financial asset, and the question becomes how do your get the most equity out of your house?

This one piece of advice will make all your home selling decisions come into sharp perspective. When selling a home, the biggest reason that a home doesn't sell at the best price on the market, or within a reasonable timeframe, or with equitable terms, is because of this one simple decision isn't make by the seller(s).

Your first decision when you decide to sell your Santa Clarita home is to separate yourself from the personal feelings you have about the house. Often when you talk with realtors about buying real estate, we'll refer to your new property as a "home." When you sell a property, we'll often refer to your property as a house. While buying a home is often an emotional decision, selling a house is a financial decision, one for which emotional detachment is needed. Potential home buyer don't care and don't want to know about the memories, or sentimental attachment you have in your home. In fact, the best way to sell your home is to make it seem like you don't live there. More about that in the next section.

When you decide to sell your Santa Clarita home, resolve to yourself that your home no longer belongs to you. When you think of your house as another financial transaction such as a currency trade or a commodity trade, you think more clearly about all the decisions you need to make before you close on escrow. Buyer's on the other hand invest emotion into the purchase of their new home and it is in your best financial interest to do everything possible to allow them to see your house as their new home. The downside to not detaching yourself emotionally from selling your Santa Clarita house is that the process becomes more difficult for you, and at times, unconsciously, you can either drive potential buyers away, reduce to opportunity for all potential buyers to see your house or unintentionally create other situations that take it longer than need be to sell your house.

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Investment Properties

(category: Real-Estate, Word count: 300)
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Efficient allocation of the financial resources of a firm is an imperative necessity for the efficient functioning of a firm. The firm's investment decisions involve decisions regarding long-term capital assets such as land, buildings, equipment and more. The investment on these assets is considered very important because it enables an organization to make profits. It, therefore, follows that the future development of a firm could, to a large extent, depend on effective selection of capital investment projects.

Capital budgeting is the process of making investments in capital expenditure. Capital expenditure refers to that expenditure the benefits of which are expected to be received over a period of time, especially exceeding one year. The chief characteristic of capital expenditure is that expenses are incurred all at one point in time, whereas the benefits are realized in the future. Capital expenditure decisions are also called long-term investment decisions.

Some of the examples of capital expenditure are cost of acquiring permanent and long-term assets like plants and machinery, cost of additions, expansions, improvement or alterations in fixed assets, and research and development costs. Capital budgeting implies the firm's decision to invest its current funds most efficiently in the long-term activities, in anticipation of an expected flow of benefits over a long period of time. The long-term activities include: searching for new and more profitable investment proposals, investigating engineering/ marketing considerations and making economic analyses to determine the profit potential of investment proposals.

The decisions concerning capital budgeting are crucial because they are long-term oriented and irreversible in nature. The efficient running of a firm is reflected by the way decisions are made for the effective utilization of the firm's financial resources. Such capital budgeting decisions are considered to be of paramount importance, because they can affect the working of a firm.

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Lease Options Or Rent To Own

(category: Real-Estate, Word count: 598)
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Finding a rent-to-own house is one of the many ways someone with bad or no credit can buy a house. You will often find them called names like lease/options, lease with option to buy, lease purchase, lease 2 purchase, rent with option to buy, rent to own, or rent to buy homes.

There are a few differences between rent-to-own and lease-option agreements, although many people use the terms interchangeably. With a rent to own (or rent to buy) home, the buyer makes an agreement with the owner that part or all of the rent money will go towards the down payment of the home, and at a certain date, perhaps 2-5 years in the future, the renter will purchase the home, using the money that was set aside as the down payment.

There is usually not much money put down in the beginning, outside of what would normally be needed for a rental home, so this is a good way to get into a home for little or no down payment.

Another advantage to a rent to buy situation is that if you compare how much rent money is applied monthly to the home price, even if it is only 25-50%, it will still be much more money paid on the principal of the house than if you had taken out a loan for it. If you look at how much money goes to the principal payment of a home with a typical mortgage loan, you will find that most of your mortgage payment in the beginning is just paying interest on the loan. A rent to own agreement, where the money goes directly to the payment of the home, could be saving you a lot of money in the long run.

With a lease-with-option-to-buy, a renter signs a lease agreement (often for a shorter period of time, like1-2 years, but it could be longer). The renter/buyer usually pays a sum in cash, usually non-refundable, to the owner in agreement to buy the house at a later date for the price agreed upon. The renter has the option or right to buy the home, so in the end they have a choice and can back out it they want. Some of the rent paid may or may not go towards the purchase price of the home.

This is a technique often used by real estate investors in periods when the interest rate is rising fast. This way they hope to buy the home at a lower interest rate on a later date. In the meantime, they will sublease the home to someone else, who will make the payments for them.

Again, the terms "lease option" and "rent to buy" are pretty much used interchangeably today, so check with the owner to find out exactly what terms they are offering. Or approach an owner with your own offer for renting to own.

If you are a renter who is tired of paying someone else's mortgage and want to own your own home, this is one of many ways that you can buy a home. One of the drawbacks is that you will still need to purchase the home at a later date. This may be a problem if you have bad credit, because you may still need to qualify for a loan when it is time to purchase the home. If your credit can be repaired in several years, this may be a great way for you to get your home now, and good motivation to clean up your credit for the future.

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