Welcome to the home buying market! This is an exciting time to be purchasing a home, with an array of new homes coming onto the market these is some excellent value to be found. All it takes is a little time and effort in looking and you can find your dream home for a dream price. But you should always be a smart buyer. There are those out there that will take advantage of someone who is eager to buy so, if you do your homework; the deals will follow.
The first thing you should do is get your finances in order. This involves finding out your credit score, fixing any outstanding issues affecting your credit, ensuring that these are properly released from your report, and finally securing your mortgage before you start looking. When I say secure your finances I do mean being pre-approved fully, this is different from a pre-qualification in that a pre-qualification does not "secure" you any amount of money, it is simply a judgment of whether or not you qualify to receive a mortgage.
Next, start working with a realtor that knows the area you are looking to buy in. This is a huge step so be prepared to move from merely wanting a home, to actively looking for one. Sit down with your realtor and make a list of things you require in a home. This is a list of those things that you can absolutely not be without. Once this is compiled, then list the things that you would like. With these lists ready, its time to start looking at homes. Your realtor should be able to provide you with a complete list of homes that fit your criteria, and some that come close. Also, they will be able to guide you to properties that fit your pre-approved mortgage amount.
After finding a home or homes that suit you make sure to have a certified inspector take a thorough look through the home. Have them check all questionable areas of the home. Don't forget to have the inspector check for mold as this is something that is often overlooked. If the home passes the inspection than carry on with the offer if you are so inclined. If it doesn't then either continue shopping, or utilize the necessary repairs as a bargaining point. Usually you should be able to have the cost of these repairs deducted from the cost of the home. Its a good idea to bring in your own contractor or expert to get these estimates. By doing this you know that everything is above board.
Buying a home is a huge process and one that you must be careful to handle with all due care and attention. Such an important investment can benefit you financially for years to come as well as providing safety and financial security. Don't sell yourself short on what you buy as your home. After all, your family deserves the best don't they?
Thursday, November 13, 2008
FSBO Tip - Don't Do It
Want a FSBO tip? Don't do it. You'll rarely do better selling your house on your own.
My Number one FSBO Tip? Don't sell it yourself! A "FSBO," or house "for sale by owner" can sell fast, and for as much as it would have if listed with a real estate agent. Sometimes - but not normally. Consider the following ten points.
1. Buyers work with agents. Most look at MLS listings. Sell it yourself, and they won't see or hear about your home. How do you find that "right" buyer or get top dollar when you're invisible to most of the market?
2. Your FSBO will get lower offers. Naturally, the buyer thinks you'll take less because you're saving the commission! Save a $10,000 commission, get $10,000 less - where's the advantage in that?
3. Advertising is expensive. The costs the real estate office normally pays are yours if you sell it yourself. How much could you spend on ads if it takes a a year to sell?
4. They have the resources. And you don't. Agents have books of sold properties to look at, for example, to determine the best price for your home. You can dig through county records, but you do have to value your time too, right?
5. They know the market. What's the target market for your house? Young couples, retirees? What features do they want? You should know these things before you write your ads. An experienced real estate salesperson will know.
6. They know the laws. What about written disclosures, and who pays for the real estate transfer tax? When you sell it yourself you don't get to ignore the laws.
7. Are you a good salesperson? Can you develop rapport and properly answer objections? Could your defensiveness scare off a buyer who criticizes your home? Think back on your own purchases, and you'll realize that a good salesperson makes a difference.
8. Paperwork. Will you help the buyer properly fill out an offer to purchase? An agent would. Do you have the other closing documents ready?
9. Agents negotiate for you. When did you last learn a new negotiating technique? Can you counter-offer without scaring off a buyer? A good salesperson is trained in these skills.
10. You may not save anything. The documents, newspaper advertising, signs for the yard - it's all your expense when you sell it yourself. After your hard work, you may get low offers and negotiate poorly. Honestly, sellers often net less money from the sale when they try to save the commission.
Most "FSBO" sellers eventually turn to a real estate agent for help. You could learn the things an agent does, but is it worth it to spend all that time and maybe not even save any money? Don't sell it yourself unless you really know what you're doing. That's my number one FSBO tip.
My Number one FSBO Tip? Don't sell it yourself! A "FSBO," or house "for sale by owner" can sell fast, and for as much as it would have if listed with a real estate agent. Sometimes - but not normally. Consider the following ten points.
1. Buyers work with agents. Most look at MLS listings. Sell it yourself, and they won't see or hear about your home. How do you find that "right" buyer or get top dollar when you're invisible to most of the market?
2. Your FSBO will get lower offers. Naturally, the buyer thinks you'll take less because you're saving the commission! Save a $10,000 commission, get $10,000 less - where's the advantage in that?
3. Advertising is expensive. The costs the real estate office normally pays are yours if you sell it yourself. How much could you spend on ads if it takes a a year to sell?
4. They have the resources. And you don't. Agents have books of sold properties to look at, for example, to determine the best price for your home. You can dig through county records, but you do have to value your time too, right?
5. They know the market. What's the target market for your house? Young couples, retirees? What features do they want? You should know these things before you write your ads. An experienced real estate salesperson will know.
6. They know the laws. What about written disclosures, and who pays for the real estate transfer tax? When you sell it yourself you don't get to ignore the laws.
7. Are you a good salesperson? Can you develop rapport and properly answer objections? Could your defensiveness scare off a buyer who criticizes your home? Think back on your own purchases, and you'll realize that a good salesperson makes a difference.
8. Paperwork. Will you help the buyer properly fill out an offer to purchase? An agent would. Do you have the other closing documents ready?
9. Agents negotiate for you. When did you last learn a new negotiating technique? Can you counter-offer without scaring off a buyer? A good salesperson is trained in these skills.
10. You may not save anything. The documents, newspaper advertising, signs for the yard - it's all your expense when you sell it yourself. After your hard work, you may get low offers and negotiate poorly. Honestly, sellers often net less money from the sale when they try to save the commission.
Most "FSBO" sellers eventually turn to a real estate agent for help. You could learn the things an agent does, but is it worth it to spend all that time and maybe not even save any money? Don't sell it yourself unless you really know what you're doing. That's my number one FSBO tip.
Foreclosure Loans May Save Your Home From Foreclosure
Foreclosure loans are available to people that are facing a home foreclosure. If you are having a financial hardship and the bills and mortgage payment are getting behind, you still may have some hope with a foreclosure loan. There are some options to protect your home from foreclosure, and places that offer home foreclosure help by providing valuable information and resources that may be able to help prevent foreclosure.
Foreclosure loans offer borrowers a second chance to avoid foreclosure on your home. Foreclosure loan companies often look at personal finances and credit worthiness of each individual situation to determine if you qualify for a home foreclosure loan. Taking the time to provide the information that a home foreclosure loan requires is usually time well spent.
If you find that, a home foreclosure loan is not suitable option there are still other ways to prevent foreclosure of your property. Investigate all the options that you have available before you let the bank take your home.
Reduce your expense, pick up another job or somehow create another source of income. This may be all that you need to protect your home and avoid foreclosure. Reducing your expenses is a priority reduce the all the unnecessary monthly expenses. Cut the cable bill, cancel memberships and shop with coupons reducing your monthly expenses by only a few hundred dollars a month may be the answer to getting back on track.
If you are facing a home foreclosure there are web sites that offer home foreclosure help, use them. They offer valuable information and resources to people that are facing a home foreclosure.
Foreclosure loans offer borrowers a second chance to avoid foreclosure on your home. Foreclosure loan companies often look at personal finances and credit worthiness of each individual situation to determine if you qualify for a home foreclosure loan. Taking the time to provide the information that a home foreclosure loan requires is usually time well spent.
If you find that, a home foreclosure loan is not suitable option there are still other ways to prevent foreclosure of your property. Investigate all the options that you have available before you let the bank take your home.
Reduce your expense, pick up another job or somehow create another source of income. This may be all that you need to protect your home and avoid foreclosure. Reducing your expenses is a priority reduce the all the unnecessary monthly expenses. Cut the cable bill, cancel memberships and shop with coupons reducing your monthly expenses by only a few hundred dollars a month may be the answer to getting back on track.
If you are facing a home foreclosure there are web sites that offer home foreclosure help, use them. They offer valuable information and resources to people that are facing a home foreclosure.
Florida Foreclosure Proceedings Detailed
The following article details the final court proceedings for foreclosure cases in the state of Florida. The article details the different scenarios that can occur to finalize a foreclosure case. It is important for people facing foreclosure in the state of Florida to be aware of their rights so that they can do everyhthing in their power to stop foreclosure through legal remedies.
The right to be heard at the hearing to show cause is waived if the defendant, after being served as provided by law with an order to show cause, engages in conduct that clearly shows that the defendant has relinquished the right to be heard on that order. The defendant's failure to file defenses by a motion or by a sworn or verified answer or to appear at the hearing presumptively constitutes conduct that clearly shows that the defendant has relinquished the right to be heard.
If the court finds that the defendant has waived the right to be heard, the court may promptly enter an order requiring payment in the amount provided or an order to vacate the premises. Under and order to vacate the premises, the order is delivered to the County Sheriff for eviction should the mortgagor continue to occupy the premises.
If the court finds that the mortgagor has not waived the right to be heard on the order to show cause, the court will, at the hearing on the order to show cause, consider the affidavits and other showings made by the parties appearing and make a determination of the probable validity of the underlying claim alleged against the mortgagor and the mortgagor's defenses. If the court determines that the mortgagee is likely to prevail in the foreclosure action, the court shall enter an order requiring the mortgagor to make the payment to the mortgagee and provide for a remedy. However, the order shall be stayed pending final adjudication of the claims of the parties if the mortgagor files with the court a written undertaking executed by a surety approved by the court in an amount equal to the unpaid balance of the mortgage on the property, including all principal, interest, unpaid taxes, and insurance premiums paid by the mortgagee.
In the event the court enters an order requiring the mortgagor to make payments to the mortgagee, payments shall be payable at such intervals and in such amounts provided for in the mortgage instrument before acceleration or maturity. The obligation to make payments pursuant to any order entered under this subsection shall commence from the date of the motion filed hereunder. The order shall be served upon the mortgagor no later than 20 days before the date specified for the first payment. The order may permit, but shall not require the mortgagee to take all appropriate steps to secure the premises during the foreclosure action.
In the event the court enters an order requiring payments the order shall also provide that the mortgagee shall be entitled to possession of the premises upon the failure of the mortgagor to make the payment required in the order unless at the hearing on the order to show cause the court finds good cause to order some other method of enforcement of its order.
All amounts paid pursuant to this section shall be credited against the mortgage obligation in accordance with the terms of the loan documents, provided, however, that any payments made under this section will not constitute a cure of any default or a waiver or any other defense to the mortgage foreclosure action. Upon the filing of an affidavit with the clerk that the premises have not been vacated pursuant to the court order, the clerk shall issue to the sheriff a writ for possession which shall be governed by the provisions of Florida state laws.
It is important for people facing foreclosure to understand their rights and to take the proper steps to ensure these rights are protected. It is very possible that one can stop foreclosure on their property by utilizing the methods lenders provide to address their situation.
The right to be heard at the hearing to show cause is waived if the defendant, after being served as provided by law with an order to show cause, engages in conduct that clearly shows that the defendant has relinquished the right to be heard on that order. The defendant's failure to file defenses by a motion or by a sworn or verified answer or to appear at the hearing presumptively constitutes conduct that clearly shows that the defendant has relinquished the right to be heard.
If the court finds that the defendant has waived the right to be heard, the court may promptly enter an order requiring payment in the amount provided or an order to vacate the premises. Under and order to vacate the premises, the order is delivered to the County Sheriff for eviction should the mortgagor continue to occupy the premises.
If the court finds that the mortgagor has not waived the right to be heard on the order to show cause, the court will, at the hearing on the order to show cause, consider the affidavits and other showings made by the parties appearing and make a determination of the probable validity of the underlying claim alleged against the mortgagor and the mortgagor's defenses. If the court determines that the mortgagee is likely to prevail in the foreclosure action, the court shall enter an order requiring the mortgagor to make the payment to the mortgagee and provide for a remedy. However, the order shall be stayed pending final adjudication of the claims of the parties if the mortgagor files with the court a written undertaking executed by a surety approved by the court in an amount equal to the unpaid balance of the mortgage on the property, including all principal, interest, unpaid taxes, and insurance premiums paid by the mortgagee.
In the event the court enters an order requiring the mortgagor to make payments to the mortgagee, payments shall be payable at such intervals and in such amounts provided for in the mortgage instrument before acceleration or maturity. The obligation to make payments pursuant to any order entered under this subsection shall commence from the date of the motion filed hereunder. The order shall be served upon the mortgagor no later than 20 days before the date specified for the first payment. The order may permit, but shall not require the mortgagee to take all appropriate steps to secure the premises during the foreclosure action.
In the event the court enters an order requiring payments the order shall also provide that the mortgagee shall be entitled to possession of the premises upon the failure of the mortgagor to make the payment required in the order unless at the hearing on the order to show cause the court finds good cause to order some other method of enforcement of its order.
All amounts paid pursuant to this section shall be credited against the mortgage obligation in accordance with the terms of the loan documents, provided, however, that any payments made under this section will not constitute a cure of any default or a waiver or any other defense to the mortgage foreclosure action. Upon the filing of an affidavit with the clerk that the premises have not been vacated pursuant to the court order, the clerk shall issue to the sheriff a writ for possession which shall be governed by the provisions of Florida state laws.
It is important for people facing foreclosure to understand their rights and to take the proper steps to ensure these rights are protected. It is very possible that one can stop foreclosure on their property by utilizing the methods lenders provide to address their situation.
First Time Home Buyers Fulfill Dreams with the Right Mortgage
With foreclosures increasing and the hot housing market cooling, the asking prices for homes are dropping. This is great news for first time home buyer...
There's no doubt that owning your own home is one of the cornerstones of the American dream. Indeed, low interest rates over the past decade have meant that more Americans than ever before have become first time home buyers. Yet, as anyone following the news knows, the subprime lending market of the past has created a number of repercussions, including many homes foreclosing due to the inability of owners to make their house payments.
With foreclosures increasing and the hot housing market cooling, the asking prices for homes are dropping. This is great news for first time home buyers who are seeking to buy a heartland home in places like Minnesota, Iowa, and Nebraska. Indeed, mortgages in Burnsville MN - as well as purchase and refinance mortgages in MN - are readily available for first time home buyers MN.
What to Look for in a Lending Company
When it comes to mortgages in MN - whether home mortgages or commercial mortgages in MN - it's important to find the right lending company. For example, a company that is locally owned and operated, as opposed to a national chain, is more likely to have quality lending products and a staff that is experienced in every area of lending. They are better able to find the type of mortgage that is right for you and your family, whether you're seeking to buy a new home or refinance your existing home. In addition, local companies usually pride themselves on their customer service, so your experience with them will be more personalized.
What if Your Credit is Less than Ideal?
Before you go to a lender, you should check your credit rating. Federal law requires that each of the three major credit reporting agencies provide you with a free annual credit report. Reviewing these reports will not only provide you with your credit rating, but will alert you to any misinformation or errors contained in your report.
Bad credit mortgages come with higher interest rates, so it pays to clean up your credit before actually buying a home. A good lending company will offer credit improvement services to help you repair your credit prior to obtaining a loan. This may involve setting up payment plans to existing creditors, challenging bad reports that are on your record in error, and so forth. Having someone to help you navigate through the maze of credit reporting is extremely useful, so find a lender who can help guide you. Keep in mind, though, that even if your credit isn't pristine, you can still obtain a mortgage.
Fulfilling Your Dreams
With the right mortgage, first time home buyers can truly own a piece of the American dream. It's enormously satisfying to pay a mortgage payment instead of rent every month, knowing that you're slowly and surely building equity. That equity lays a foundation for your financial future and that of your children that will truly make you rest easier.
There's no doubt that owning your own home is one of the cornerstones of the American dream. Indeed, low interest rates over the past decade have meant that more Americans than ever before have become first time home buyers. Yet, as anyone following the news knows, the subprime lending market of the past has created a number of repercussions, including many homes foreclosing due to the inability of owners to make their house payments.
With foreclosures increasing and the hot housing market cooling, the asking prices for homes are dropping. This is great news for first time home buyers who are seeking to buy a heartland home in places like Minnesota, Iowa, and Nebraska. Indeed, mortgages in Burnsville MN - as well as purchase and refinance mortgages in MN - are readily available for first time home buyers MN.
What to Look for in a Lending Company
When it comes to mortgages in MN - whether home mortgages or commercial mortgages in MN - it's important to find the right lending company. For example, a company that is locally owned and operated, as opposed to a national chain, is more likely to have quality lending products and a staff that is experienced in every area of lending. They are better able to find the type of mortgage that is right for you and your family, whether you're seeking to buy a new home or refinance your existing home. In addition, local companies usually pride themselves on their customer service, so your experience with them will be more personalized.
What if Your Credit is Less than Ideal?
Before you go to a lender, you should check your credit rating. Federal law requires that each of the three major credit reporting agencies provide you with a free annual credit report. Reviewing these reports will not only provide you with your credit rating, but will alert you to any misinformation or errors contained in your report.
Bad credit mortgages come with higher interest rates, so it pays to clean up your credit before actually buying a home. A good lending company will offer credit improvement services to help you repair your credit prior to obtaining a loan. This may involve setting up payment plans to existing creditors, challenging bad reports that are on your record in error, and so forth. Having someone to help you navigate through the maze of credit reporting is extremely useful, so find a lender who can help guide you. Keep in mind, though, that even if your credit isn't pristine, you can still obtain a mortgage.
Fulfilling Your Dreams
With the right mortgage, first time home buyers can truly own a piece of the American dream. It's enormously satisfying to pay a mortgage payment instead of rent every month, knowing that you're slowly and surely building equity. That equity lays a foundation for your financial future and that of your children that will truly make you rest easier.
Find the Right Real Estate Agent for Your Miami Real Estate Experience
Whether you are buying a home or searching for Miami real estate investments, hiring a professional real estate agent can make a difference. A real estate agent can not only help you in finding the right home at the right price but the real estate agent can help you make the buying process run smoothly and easily.
But of course, you need to have the right real estate agent. In order for you to have the right real estate agent, ;you have to spend some of your time doing some research and asking several questions that you need. As soon as you found the right real estate agent, you will be very glad that you need that time in finding that person.
Before you actually get started in looking for home in Miami real estate, as a home buyer you need to educate yourself first. You need to know everything about the buying process. It is advisable not to depend all of these things to your real estate agent. You have to take time in finding out about the market and knowing some strategies that can aid you in your quest. This can help you found out for yourself how reliable, trustworthy, competent and honest your real estate agent is. The more you know the better it is. But of course, having a real estate agent is still a good way in making the process run smoothly since there are things that the real estate agent knows that you do not. Actually, a real estate agent can get combinations and keys for viewing properties quickly than you do.
In your search for real estate agent, you have to make sure that he/she is very much familiar with Miami real estate market. The real estate agent should know the area and community that you wish to purchase a home or property. It is advantageous that you hire a real estate agent that has a huge knowledge about the area and as well as the current market value. The right real estate agent can aid you find the best property and can make you save thousands of dollars.
In finding a real estate agent, you can ask for recommendations from family and friends. Then you have to contact few real estate agents and schedule them for interview. In there interviews, you have to take time in asking few questions. You have to ask and know how long they have been in real estate. If they work full time and how familiar they are about the market. You also have to ask about their experiences in real estate. Asking questions such as how many sales have they worked with last year, the price range of those homes they sell, how often they have worked with a buyer or a seller and so on.
You have to find and have a real estate agent that is communicative, honest, trustworthy, and well-educated. Finding the right real estate agent can aid you in finding the best property in Miami real estate and can give you a smooth and perfect real estate experience. Shop around for the right real estate.
But of course, you need to have the right real estate agent. In order for you to have the right real estate agent, ;you have to spend some of your time doing some research and asking several questions that you need. As soon as you found the right real estate agent, you will be very glad that you need that time in finding that person.
Before you actually get started in looking for home in Miami real estate, as a home buyer you need to educate yourself first. You need to know everything about the buying process. It is advisable not to depend all of these things to your real estate agent. You have to take time in finding out about the market and knowing some strategies that can aid you in your quest. This can help you found out for yourself how reliable, trustworthy, competent and honest your real estate agent is. The more you know the better it is. But of course, having a real estate agent is still a good way in making the process run smoothly since there are things that the real estate agent knows that you do not. Actually, a real estate agent can get combinations and keys for viewing properties quickly than you do.
In your search for real estate agent, you have to make sure that he/she is very much familiar with Miami real estate market. The real estate agent should know the area and community that you wish to purchase a home or property. It is advantageous that you hire a real estate agent that has a huge knowledge about the area and as well as the current market value. The right real estate agent can aid you find the best property and can make you save thousands of dollars.
In finding a real estate agent, you can ask for recommendations from family and friends. Then you have to contact few real estate agents and schedule them for interview. In there interviews, you have to take time in asking few questions. You have to ask and know how long they have been in real estate. If they work full time and how familiar they are about the market. You also have to ask about their experiences in real estate. Asking questions such as how many sales have they worked with last year, the price range of those homes they sell, how often they have worked with a buyer or a seller and so on.
You have to find and have a real estate agent that is communicative, honest, trustworthy, and well-educated. Finding the right real estate agent can aid you in finding the best property in Miami real estate and can give you a smooth and perfect real estate experience. Shop around for the right real estate.
Enthusiasm Spreads for Condo Hotels
It’s the newest buzzword among real estate investors. Condo hotels are gaining attention as the ideal solution for people who want a hassle-free, luxury vacation home that generates revenue and has appreciation potential.
Not Your Daddy’s Timeshare
Condo hotels are not the timeshares of yesterday. Buyers have full ownership of their condo hotel unit and are not restricted to a one- or two-week stay or a particular week of the year. In most cases they can stay 30-60 days per year in any configuration of time they choose. Plus, they can elect to place their unit into the hotel's rental management program when they’re not using it and share in the revenue it generates.
Hassle-free Ownership
The advantage for condo hotel owners who choose to rent their units through the hotel program is they avoid the responsibilities that come with being a landlord. Their vacation home is available for their use with a simple reservation anytime they want to visit. They receive revenue throughout the year that helps offset the expense of owning the home. And finally, they can sell their condo hotel unit whenever they wish and keep the profit derived from appreciation.
Buyers Have Sophisticated Taste
Who’s buying? Most condo hotel buyers are affluent, well-educated and well-traveled. They enjoy all of the luxury accommodations and services that one expects from a five-star hotel, including chic d้cor, personal concierge services, access to spa and fitness facilities, fine dining and premier club access.
Condo Hotel Trend Spreads
The condo hotel trend started in destination resort cities such as Miami Beach and Las Vegas but has spread to upscale cities with vital downtown areas. Currently, condo hotels are under development throughout vacation favorites like Fort Lauderdale and Orlando and in major cities like Chicago, San Diego, Boston and Washington, D.C. To learn more about individual condo hotel properties, go to www.CondoHotelCenter.com.
Top Hotel Operators Run Condo Hotels
Most condo hotels are managed by prominent four- and five-star hotel operators such as Four Seasons, Ritz -Carlton, Trump International, Sonesta, The Regent, Starwood and Hilton. Because of the hotel's brand name, worldwide marketing, national affiliations, centralized reservation system and management expertise, condo hotel unit owners typically receive a higher level of rental income than they would from owning a traditional vacation home.
Condo Hotels Sell Out in Pre-construction
Prices for condo hotel units range from $200,000 to upwards of one million. The majority of condo hotels sell out in pre-construction phases with the earliest buyers realizing the most significant appreciation, as developers typically raise prices three to six times throughout the selling process.
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Not Your Daddy’s Timeshare
Condo hotels are not the timeshares of yesterday. Buyers have full ownership of their condo hotel unit and are not restricted to a one- or two-week stay or a particular week of the year. In most cases they can stay 30-60 days per year in any configuration of time they choose. Plus, they can elect to place their unit into the hotel's rental management program when they’re not using it and share in the revenue it generates.
Hassle-free Ownership
The advantage for condo hotel owners who choose to rent their units through the hotel program is they avoid the responsibilities that come with being a landlord. Their vacation home is available for their use with a simple reservation anytime they want to visit. They receive revenue throughout the year that helps offset the expense of owning the home. And finally, they can sell their condo hotel unit whenever they wish and keep the profit derived from appreciation.
Buyers Have Sophisticated Taste
Who’s buying? Most condo hotel buyers are affluent, well-educated and well-traveled. They enjoy all of the luxury accommodations and services that one expects from a five-star hotel, including chic d้cor, personal concierge services, access to spa and fitness facilities, fine dining and premier club access.
Condo Hotel Trend Spreads
The condo hotel trend started in destination resort cities such as Miami Beach and Las Vegas but has spread to upscale cities with vital downtown areas. Currently, condo hotels are under development throughout vacation favorites like Fort Lauderdale and Orlando and in major cities like Chicago, San Diego, Boston and Washington, D.C. To learn more about individual condo hotel properties, go to www.CondoHotelCenter.com.
Top Hotel Operators Run Condo Hotels
Most condo hotels are managed by prominent four- and five-star hotel operators such as Four Seasons, Ritz -Carlton, Trump International, Sonesta, The Regent, Starwood and Hilton. Because of the hotel's brand name, worldwide marketing, national affiliations, centralized reservation system and management expertise, condo hotel unit owners typically receive a higher level of rental income than they would from owning a traditional vacation home.
Condo Hotels Sell Out in Pre-construction
Prices for condo hotel units range from $200,000 to upwards of one million. The majority of condo hotels sell out in pre-construction phases with the earliest buyers realizing the most significant appreciation, as developers typically raise prices three to six times throughout the selling process.
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