Monthly Archives: October 2016

Calgary Real Estate Agents-serving Various Home Purchasing And Selling Needs

Being known as the largest city of Alberta, Calgary has a lot to offer to their residents and, of course, to those who come here during the vacation. As a result, the prices of both residential and commercial properties are rapidly increasing with a fast pace. Therefore, now for anyone finding the potential property can become a notoriously difficult task. And, obviously, in an area where most of the accommodations are laid, you have to pay little extra money to purchase even a single flat or condo. To overcome such problems to a great extent it is wise for you to go through the list of the Calgary Real Estate Agents. Put simply, these professionals are fully dedicated to helping those who have a need to own a new home or want to sale their own home.

Obviously, the city houses a plethora of agents who are primarily concerned with helping the people get a new home or other kinds of property. You can find these experts working individually or offering real estate services to home seekers through a group of experts. These professionals are also a viable alternative to collect the relevant information on those properties that you are planning to buy in the coming time. You can also approach these experts if you are looking for the home seekers.

These days, more and more people are tending towards availing the services of the Calgary Real Estate Agents since these professionals have intense knowledge and experience in the real estate industry. These personalities also help you find the best lenders in case if you have a low budget and want to get a good amount of loan. With the help of these agents, you can also get a quick access to the advanced features of Multiple Listing Services (MLS), which has now become the Canadas reputed and biggest real estate network.

Popularity of Condominiums in the Philippine Market

There are many popular types of residential Philippines properties available in the country today, and some of the most popular, according to many Filipinos and real estate experts in the country, are condominiums.

Condominiums are types of housing in which a resident owns a type of house or unit in a building, while other facilities found in the condominium, such as hallways, elevators, cooling systems, and other facilities are owned by all condominium owners.

Although condominiums were only recently introduced compared to other types of housing, such as townhouses and apartment buildings, it rapidly gained a lot of popularity in the market because of its benefits in which many Filipinos have considered modern in today’s modern trends and fast-paced lifestyles.

Popularity of Condominiums in the Market According to many Filipinos, the main reason why condominiums gained a lot of popularity in the Philippines is because of its location, which is normally found in business and commercial districts, which is unlike living in other types of housing, such as the typical house.

Accessibility Because of its accessibility to popular and key locations in the city, many of its residents have enjoyed the experience of living within walking distance or mass transit distance from their workplaces, which is unlike living in a typical house found in residential areas. And due to accessibility, condominium residents won’t have to go through all the hassles of rush hour.

Maintainability and Security Another major advantage of condominiums is its maintainability and its security. Other than the luxury of living within walking distance to popular locations, these types of residential Philippines properties are also known for its luxuries in terms of maintainability and security, which is rarely found in other types of housing in the Philippines.

All types of condominiums hire their own maintenance personnel who maintain all facilities found in the condominium, from its hallways, elevators, stairways, and parking lots, to its cooling systems and other popular facilities found in the compound.

As for its security, condominiums are known for their security personnel who assure the safety of all their residents, partly because most of its residents are of high stature such as wealthy families and company executives.

Family-Oriented Although condominiums in the city are not known to be suitable for a growing Filipino family, a number of new condominiums were also introduced which are mostly found in the outskirts or even in the provinces. These types of condominiums are known as condominium complexes.

The advantage of condominium complexes it its family-oriented environment including peaceful sceneries and wide open spaces, which is unlike the busy streets of business and commercial districts. However, other than its wide open spaces, condominium complexes are also known for its amenities.

Amenities Condominium complexes became a very popular and modern type of residential Philippines properties because of its collection of amenities such as swimming pools, gyms, recreational parks, playgrounds, or even a full-sized sports complex.

Waterfront Areas to Live In Surrounding Charleston, South Carolina

There are a number of different waterfront areas to live surrounding Charleston, SC. Living on the coast, we have numerous opportunities to live on the ocean, the Charleston Harbor, the many tidal creeks and estuaries, as well as the abundant lakes and ponds that we have here. One of the more popular searches for those looking to purchase a home here is whether the property is on the water, and if it is navigable by boat.

If youre thinking oceanfront, there are 3 main beaches that surround Charleston. Isle of Palms to the north, Sullivans Island below that, and Folly Beach just south of downtown Charleston. The most expensive is Sullivans Island due to the limited number of homes available on the market. Isle of Palms is also expensive, with large oceanfront homes on larger than normal lot sizes. Folly Beach is the most affordable beach community surrounding Charleston to live in.

If youd like to purchase a home on deep water or tidal creek, then there are a number of options. Mount Pleasant to the north of downtown Charleston, James Island to the south of Charleston, and West Ashley to the southwest of downtown Charleston. Mount Pleasant is the most expensive of the three, but offers the ability to live on the Charleston Peninsula (large water), or the Wando River. There are a number of fingering creeks off of these large bodies of water that allow for numerous waterfront sites from which to live. James Island is the second most expensive waterfront area surrounding Charleston. This location is close to the beaches like Mount Pleasant, and also borders the Charleston Harbor. James Island has a large number of creeks that make their way through the island, thus making it easy to find a waterfront home site. West Ashley is the least expensive waterfront area of the three, and it borders downtown Charleston and is along the Ashley River. This is a great location for those looking to be close to town, without the price tags of Mount Pleasant and James Island.

If youd like to purchase a home on a lake or pond, then almost any other area surrounding Charleston will peak your interest. Lake Moultrie is a very large body of water to live on, being 110,000 acres in size. Smaller lakes are also an option, for example on the Goose Creek Reservoir. Many other lakes surround Charleston smaller in size, and even brackish lakes as well (being a mix of freshwater and saltwater). Most of the townhomes and condominium communities also have smaller ponds with fountains or a small pond with ducks, turtles, egrets, herons, Canada geese, otters, etc.

With all of this water surrounding Charleston, living on the water can become a reality. A saltwater creek in your backyard allows you to fish, boat, and have fresh shrimp and crab legs for dinner. What are you waiting for?

while many other smaller lakes can be found in most areas surrounding Charleston. After all, were called the Lowcountry for a reason!

Who Invented Super Built Up

All over India, super built-up concept has taken its place in real estate transactions. It is applicable to residential units, commercial premises and now to the open vacant land.

Although, there is no place of such concept in any law for the time being inforce, the transactions cannot take place without it.

Question is, who invented and why ? When builders started selling concepts instead of flats in early 80s, they were asked to sell it on carpet and no due charges were given for the extra amenities they had provided.

The balcony was charged extra premium by the BMC and builder mounted balcony area on carpet area of the flat. And slowly he started adding areas of passage, common staircase, lift wells, compounds, terrace, gardens etc on the carpet area to maximise his profits.

The permissible built up ratio was 18% that time and is still applicable. But the trend changed over the years. Builders started mounting 23% in early 90s then 30% in late 90s and nowadays majority of the builder sells nothing less then 33% to 45% on residential units, 50% to 200% on commercial premises. Government agencies like MHADA, SPPL, DDA and CIDCO are also following the trend.

Landlords are also now very well informed on such practice and hence sell the open land to developers by adding 33% of saleable area.

This is not the practice in Mumbai alone. Ahmedabad, Delhi, Rajkot, Bangalore, Pune, Nashik, Kolkatta, Chennai and elsewhere in India are following the trend.

When Mr. Deepak Parikh, chairman, HDFC, boldly said in CREDAI meeting at Bangalore that the sale must be on carpet area, no developer came forward to announce his intention to sell at carpet area except Mantri Group. CREDAI has itself imposed code of conduct which clearly says that the carpet area must be mentioned in sale agreement. The Confederation of Real Estate Developers Association of India failed to impose such code.

In Model Agreement under Maharashtra Apartment Ownership Act, it is mandatory to mention carpet area in sq.mtrs. And the model agreement is mandatory to be followed for entering into an agreement. But sellers never follows the model Agreement, instead drafts one sided agreement to protect them and attack the purchaser without any fault.

A thought was coined by MCHI office bearer, in a talk show on some channel recently, that we give extra amenities, extra open space, extra lifts and other amenities, we are charging for that. And super built-up area is just a method for calculating the rates. Either you pay Rs. 2600/- as super built up or Rs. 3800/- on carpet, my flat will cost Rs. 18,00,000/- for 2 BHK.

Open spaces are mandatory to be left alone in the Development Rules of BMC. The builder has to keep such open space. By just decorating and using it as USP for the project, it doesn’t give him any reason to mount on the carpet.

It is already written in DC Rules and proven that lift wells and staircase do not count in the total constructed FSI, hence charging such area on carpet is not justified.

Compounds also cannot be charged on carpet, because anything open to sky is not saleable. Non saleable areas cannot be sold by proxy. It cannot be counted in area of occupation. Also, open car parkings are been sold, hence builder should not charge the open compounds twice, once sold as car parking and secondly mounting such areas on carpet. Even open car parking cannot be sold.

Lastly, the customer who register their documents on super built-up area pays higher property tax, society charges for life time. He pays the taxes for lifetime on the area which he is not occupying and only mentioned on paper. Higher stamp duty and Registration charges on super built-up area is also not justified.

It was indeed a great concept two decades ago, but now when transparencies are discussed, the seller must be Caveat Emptor. Let the buyer be beware of everything which he is paying for. Founder Convenor Mr. K.V. Satyamurthy, FAAI rightly raised the voice as “Maap Mein Paap Nahin”. An upcoming rating agency sent a SMS to this author, said “Earth will swell 45%, if developed by a Mumbai developer”

[Counter arguments are invited. Just mail on ]

The Advantage And Disadvantage Of Other Types Of Housing

Houses are one of the most popular types of residential Philippines properties today. However, there have been many other popular types of housing other than the typical house. These are condominiums, apartments, and townhouses. Each of these types have their own advantages and disadvantages for its residents or tenants. So what are the advantages and disadvantages of these other types of housing?

Condominium: Advantages
Condominiums have become very popular in the market even though it was only recently introduced in the market compared to townhouses and apartments. Here are some of the known advantages of owning a condo unit.

Compared in the past, condominiums have become more affordable, allowing the middle class of society to easily afford to buy one.
Location is also an advantage. Most condominiums today are found near or within major business districts which allows its residents to be within close proximity to their workplace, giving them the advantage to avoid rush hour.
Condominium complexes are also known for its amenities such as swimming pools, gyms, and recreational areas which adds to its luxury.

Condominium: Disadvantages
Although condominiums are one of the most popular types of residential Philippines properties today, there have also been several disadvantages to owning a condominium. These are:

Its monthly fee is one of the known disadvantage of owning a condo unit. Condominium owners are obligated to pay these monthly fee, other than their monthly electric and water bills, which are usually used to maintain the whole compound or building. It is also used as wages for maintenance personnel as well as its security.
Condominiums are also known for its restrictions from simple restrictions such as no pets allowed in the condo to extreme restrictions such as the number of residents per unit as well as restriction in children.

Townhouse: Advantages
One of the oldest types of residential Philippines properties, townhouses are still known for their advantages. These include:

Luxurious living experience, particularly because of its exterior designs that signifies wealth.
Some townhouses are also known to offer the same amenities that condominium complexes have.

Townhouse: Disadvantages
Townhouses are still known for its disadvantages such as:

Too expensive. Townhouses, particularly those from complexes, are known to be more expensive than the typical house.

Apartment: Advantages
For years, apartments have been known for its advantages for many Filipinos. These include:

Little capital needed. Unlike buying a house or a condominium, apartments are usually rented or leased which is much cheaper than these types of housing.
Apartments could also serve advantageous for many people looking for temporary residence such as students.

Apartment: Disadvantages
Like many other, apartments are also known for its disadvantages. Such disadvantage include:

Cannot provide the sense of permanence that other types can provide.
Tenants are prone to eviction.
The landlord is still the owner of the apartment, which gives him/her every right to modify their apartments as they please.
For more information visit to our site at

Mexico Vacation Rentals Mexico

You will find circular patterns on the walls and there will be a sofa shaped in a semi circle.

Most of these paces have air conditioning as it does get very very hot. You also get many colonial homes that are utilised as a holiday rental in Mexico when the owner is away in the course of particular times of yr.yr.

To uncover out about a holiday rental in Mexico, you would have to search lots of web pages to uncover the ideal an individual for you in the appropriate selling price variety. There are hundreds to pick out from in some locations so you need to do this nicely prior to your vacation time.
Mexico Trip Rentals With Actions

You must also program to do some pursuits and web page-see with the enable of the information and facts office as nicely as internet websites. You can commonly obtain out from other travelers which areas are the best to go to in terms of meals and night time daily life, but you can also see the historical ruins and temples of the Mayan and Aztec civilizations.

There are plenty of shops where by you can get souvenirs and acquire good jewelry, art, textbooks, clothing and handcrafted furniture. Just about every thing you can consider will be proper outside the door of your trip rental in Mexico.

You can horseback experience on the beaches, swim with the dolphins, whale enjoy, bird observe, go on jungle tours, drinking water ski, scuba dive, and substantially far more.

We all get bored carrying out the schedule chores of our day to day daily life. And the finest way to get rid of this boredom is to go for a getaway excursion with your household and close friends. Whereas, a hotel may not exude the charm &amp culture of Mexico.

four) In comparison to a hotel, wherever you have to shell cash for every single area, overall getaway rental house is booked for a flat charge. Therefore, a trip property is much more affordable than a hotel for massive groups.

5) Usually a resort is vast and expansive and retaining an eye on your household members, specifically young children can ruin parent’s peace of brain. A rental getaway residence is in contrast is significantly additional secure in contrast and non-public.

six) A Holiday rental has a residing room, bedrooms and other spaces like private pool, balcony, lounge and so forth. assuring you additional room and consequently independence. Nonetheless, these options are not obtainable in hotel rooms.

seven) Most holiday rental properties have kitchens equipped with stoves, oven, micro-wave and fridge enabling you to cook your favored meal. Whereas in a hotel you will have to count on area services or hotel eating places for foods and beverages. As a result, hotel can be an high-priced proposition.

eight) Due to the fact a family vacation rental residence is just like a second dwelling, you can like the exotic locations, with no being straddled with the responsibilities of house trying to keep chores.

nine) There is a vast assortment of alternative obtainable. A guest can decide on from Villas, Condos, Cottages, condominium hotels to price range households, even though picking your trip rental dwelling in Mexico. You can go for finest option depending on the area, site, amenities etc.

The author enjoys finding great Mexico vacation rentals and taking plenty of journeys! He writes a variety of articles about how very best to discover a Mexico vacation rental. For the least difficult and simplest way to discover and lease Mexico vacation rentals make sure you see:

Mexico vacation rentals

Mortgage is a means of Availing Loan by Transferring the Title of the Property

Before going to the loan details, let us see, what actually happens in mortgage and what exactly mortgage means. Mortgage is pledging of property (real estate) and mortgage loan is securing loan by pledging the real estate property. The effect of the deal is that, the title of the property (that one intends to purchase or owned) will be transferred to the mortgagee (who lends loan) from the mortgagor (who avails loan). This process involves documentation, which is taken as evidence to the loan amount. Once the mortgage loan is repaid, deal gets cancelled and the mortgagor will get back the title over the property mortgaged. Thus the property mortgaged becomes the security in the deal.

There are many companies that offer mortgage loan, however there may be variations in the amount of loan granted, maturity period of the loan, rate of interest, and mode of repayment of the loan amount. One, who plans to avail this loan, must take into consideration these factors, before going for the loan. There are two classes of mortgage loans, available

1. Residential mortgage
2. Non-residential mortgage.

Residential mortgage is pledging of residential property, for the purpose of availing the loan. Non-residential mortgage involves pledging of commercial property like farm or estate. Loan can be availed for either purchasing a property or it can be availed on the property owned by the mortgagor. However, the property that the mortgagor intends to buy can be used as security for availing the loan. Once the loan amount is repaid, the title of the property transfers or reverts back to the mortgagor. Since the loan is paid against the property, the mortgagee does evaluate the value of the property, to know the actual market value of the property and accordingly, the loan amount will be decided. The mortgagee may be a company or a bank. However the mortgagor must make sure that the mortgagee is a genuine and a reliable one to avoid being cheated.

While evaluating the value of the property, mortgagee will take into account the purchase value of the property intended to be purchased, by availing the loan. In the case of property being owned by the mortgagor, the mortgagee takes into account the market value of the property and the current trend in the market. The mortgagee may appraise or evaluate the property himself or through an official appraiser. The mortgagee usually charges fee for carrying on the evaluation or appraisal of the property.The deal of mortgage just confers a right on the property to the mortgagee. Since mortgage deal is a contract, Law requires that the mortgagor must not be a minor and minors are not entitled to avail loan.

Mortgage loans help in managing urgent need of money, if you own property. You can also bring true your dream of purchasing property, by availing this loan. Owning a home is a deep rooted desire of every human. All humans are not blessed with ready or liquid cash to purchase a house or to make any alterations in the house they own. It is here that the mortgage loan comes to aid in making his dream house come true.

The Difference Between A Reverse, Or Negative Amortization Mortgage And A Reverse Mortgage

There is a lot of confusion between the terms “reverse amortization mortgage” and “reverse mortgage.” Compounding the confusion is the fact that the word “amortization” is probably the hardest word in the English language to spell. It is commonly written by some very intelligent folks as amorazation or amerazation.

As a result, many people just leave the amortization part out, and do web searches for reverse mortgages when really what they want to find out about, and hopefully learn to avoid, are negative amortization mortgages.

On the other hand, some people may be interested in a reverse mortgage, but end up being solicited by a throng of crazed mortgage brokers who want to sell them a negative amortization mortgage.

Let’s see if we can help lift the fog on these confusing terms that describe a couple of very dissimilar types of mortgages.

A reverse or negative amortization mortgage

A negative amortization mortgage is sometimes referred to as a reverse amortization mortgage. With either terminology, what happens with this type of mortgage is that the principal owed on the mortgage is allowed to increase in the early stage of the mortgage. This early stage is commonly referred to as the negative amortization or negam portion of the mortgage. This negam stage usually lasts 3 to 5 years.

For example, a borrower takes a mortgage on his/her property for $300,000. Under the terms of the mortgage, he/she will be required to make the minimum monthly payment of $988.99 each month for the first 60 months, or 5 years of the mortgage. This 5-year period is, of course, the negam period. When you calculate the interest rate for this negam period you’ll find that it is 1.173%!

When the negam period ends, basically, the party’s over. Under the terms of this particular mortgage, the interest rate increases to 7.75% and that’s not all! The interest rate has been 7.75% all along, but the borrower was not obligated to pay this much during the negam stage of the loan. So, what happened was, the interest that wasn’t being paid during the negam stage was being added on to the principal of the mortgage. Now, 5 years later, the principal that was originally $300,000 has ballooned to $369,241.25!

Let’s run the numbers for the post negam or regular stage of this mortgage. The term of the mortgage is 30 years. So now, there are 25 years left for the borrower to pay $369,241.25 at 7.75%. This will require a minimum monthly payment of $2,788.99, or exactly $1,800 a month more than the borrower has been paying.

These numbers are the exact numbers taken from an existing negative amortization mortgage. There are many variations to how a negam works, but with every one, the monthly payment starts small and the principal increases in the negam period. Then, in the regular period, the required monthly payment increases, sometimes to 2, 3 or even 4 times its original amount.

A reverse mortgage

A reverse mortgage was devised to help retired people augment their income. This type of mortgage is available to people who are 62 years of age and older.

With a reverse mortgage the retiree sells off some of his/her equity in their home and can opt to receive the payment in a lump sum, as monthly payments, or as has become most common, a line of credit to be used at any time for anything.

The person taking the reverse mortgage is not required to pay anything back on the mortgage, but sometimes there is a time limit to which he/she will receive payments on the reverse mortgage.

Many times a reverse mortgage is structured where a person sells his/her equity and in return will receive monthly payments for life. Of course, in this case, after the homeowner is deceased, he/she cannot leave the equity, which has been sold in the reverse mortgage to his/her descendants. So, if all the equity has been used for a reverse mortgage, the deceased person will not be able to leave the home to anyone.

Despite that drawback, a reverse mortgage can be great tool for a retired person to use as a way to add more income to his/her pension and/or social security.

On the other hand a reverse or negative amortization mortgage was devised, in my opinion, as a way for banks and other lenders to drum up more business by qualifying borrowers who may eventually end up in foreclosure because of them.

Wireless Surround Sound Systems

Household enjoyment is certainly not what it applied to become. And it is an excellent point. These days, you could just about have you dwelling enjoyment procedure any way you would like it. All you would like is usually a minor creativeness plus a tiny money. You’ll find all kinds of choices with regards to stereos, HD televisions, MP3 gamers, and wireless surround sound systems. After you get a peek in any respect which is provided in regional electronics shops, chances are you’ll be overcome with exhilaration. Soon after all, there are many alternatives, and lots of of them are excellent. They even have 3-D televisions for that property at this level.

Individuals consider distinct things after they assume wireless surround sound systems. The primary matter you have to believe about is your property. Do you reside inside a substantial residential residence, a medium-sized condominium, or even a tiny apartment? Also, how extended you program on getting there? In the event you dwell in a very smaller apartment, you might not prefer to go for an enormous 60-inch flat panel tv that mounts around the wall. Though it might sound cool, you need to take into consideration the dimension of the room inside residing spot. Also, in case you are planning to maneuver quickly, it may possibly be an ache inside the butt shifting that wireless surround sound method and Television to a brand new area.

There are a few cool websites to examine into when you are serious about wireless surround sound systems and HD televisions. These are,,, and Sears. Study every web site carefully so as to find out what all they provide. This doesn’t get prolonged in anyway, and it could possibly be quite handy once you are attempting to choose amongst a number of unique wireless surround sound systems. Ensure you check out cost for every 1. In case you uncover one which you absolutely like, it truly is time to complete a bit more investigate. Verify into all internet shops and sites which can be offering this procedure. By doing this you will discover the most effective offer offered.

Choosing out a wireless surround sound program generally is a large amount of entertaining. Specially should you are in a very household you individual. By doing this you don’t ought to fear about somebody transferring it from a single spot to your upcoming. It could sound like absolutely nothing, but quite a few electronics get damaged or broken by doing this. So, while you are inside a site that you just prepare to remain in for any when, that is an ideal time to appear into wireless surround sound systems and higher definition televisions. There are many deals nowadays to benefit from. Particularly with a great number of new products normally coming out.

What Is A Lodger

Do you have a further house in your house? do i need a roommate? Its potential to hunt out a tenant and in turn, build some extra money. Whats a lodger? This can be often somebody world organisation agency becomes a part of your home sharing variety of your accommodation. they’ll have their own house; but they sleep in your house together with your permission and do not have the correct to interfere with you from their space. On the other hand, if you are attending to be a tenant, you’d wish to keep in mind of a lodger’s rights.

Understanding Lodger’s Rights

If somebody happens to rent a locality to a tenant and plans on sharing facilities like bathroom or area, this can be often mentioned as common law tenant. The common law tenant has completely different rights compared to various tenants; but one wishes a legal instrument to evict your tenant if they refuse to travel away.

Whether you are providing a double house to rent or craving for a devotee, its wise have a relaxed association together with your tenant supported respect and customary sense. Though’ this arrangement works fine, having a understanding makes things clearer regarding what each person’s responsibilities.

In any case, people board a really flat share in London; there area unit times once every of you will would like to share some things. If you’re taking things as sharing with a follower and discuss it, you will come up with AN agreement to make work plenty of easier. Though’ it is your flat, you will not have a healthy relationship together with your tenant if you fail to agree each other’s suggestions. Its wisdom that a tenant has to be compelled to be able to access essential facilities and enjoy their accommodation whereas not moving into your approach.

If your tenant includes a partner world organisation agency keeps sleeping over and you land up sharing a house with over two people, can you would like to limit the number of nights terribly very week a guest will visit. tho’ this might sound restrictive, it’s smart due to avoid any misconceptions.

When it involves house share, a lodger’s rights permits people to urge on well and helps them to possess interaction in activities like buying food and consumption on. It does not hurt to permit your friend some house and freedom to fancy the property.

If you’ve got areas to rent or attending to area share, it is important to search out regarding lodger’s rights. This may modification you to form semi conductive surroundings for you and your friend. Somebody out there craving for one house to rent have to be compelled to even be willing to follow these rights to make the foremost out of rental.