Main Benefits Of Pre-approved Housing Loan

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Getting a pre-approved housing loan can save a lot of time and hassle for all parties involved in a property transaction. In fact, it is getting more common that real estate agents actually decline potential customers who do not have a pre-approval in hand before searching for a home. This is understandable as knowing the parameters of your property search eliminates the prospect of finding a place you want to buy but cannot afford to. In that scenario, everybody’s time and resources are wasted.

If you are new to this term, these are the main benefits of obtaining a pre-approved housing loan.

1) When house hunting, you can easily screen out the properties that you cannot afford. Property listing are all over the internet and daily newspapers. There are so many available places for sale that sometimes you can be full for choices. Knowing your budget will enable you to easily use a filter option to discard listings that you cannot afford. Your real estate agent will also be more productive by only seeking places for you that are within your financial budget.

2) A seller wants a concrete buyer who has the financial capacity to agree to a deal. Your pre-approval provides the confidence for the seller to commit to an agreement. The buyer can then take the property off the market with more confidence that the deal will be honored.

3) You may have heard of stories of people who had paid a down payment for a home purchase and had to later forgo the down payment because they couldnt find a lender to support their purchase. These circumstances do happen. It will be terrible to lose your hard earned cash this way. A pre-approved housing loan eliminates this anxiety altogether. You can go about agreeing to deals fully knowing that you have secured the funds to close the transaction.

Pre-approval housing loans have been around for a long time because it serves a very useful purpose for a home buyer. Make good use of its availability and go about house hunting with more peace of mind.

Estate Tax – The 2010 Step Up Basis Nightmare

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The old saying is the best laid plans of mice and men so often seem to go wrong. When it comes to the government, this is a statement that is used the vast majority of the time since the bumbling of politicians creates some situations that are simply head shakers. This is exactly the case with the step up basis in estate tax for 2010.

This can get confusing, so let’s start off with the basics. The step up basis is simply the value of some asset at a date in time from which a gain is calculated. Let’s say I buy a share of Microsoft in 1990 [I wish!] and I sell it today. I would pay rather large capital gains taxes on the gain in value of that share of stock between 1990 and 2010.

The passing of an asset from a deceased person to their heirs triggers a bit of a different calculation. Let’s assume the same situation as above. Instead of selling the stock in 2010, I die after being attacked by a bear [might as well make it exciting] in 2002. At that point, my stock is transferred to my daughter per my written will. This transfer constitutes a taxable event. Historically, she would pay tax on the gain from the date of my death till she sold the item. The use of my date of death allows her to -step up- the value of the stock instead of pay taxes on all the gains since 1990.

The Bush tax cuts were designed to reduce a number of taxes, but they went a step farther with the estate tax. They were designed to phase it out. In fact, there is no estate tax in 2010. That is nice and all, but the problem is the step up basis for capital gains above is now gone for the year. Instead of paying capital gains on the increase in value from the date of my death, she will have to pay them on the gains from 1990. That is a huge difference and constitutes a massive amount of money going out of my family and to the government. What did the government do for this money? Nothing, I just died!

Is there anything one can do about this mess with the step up basis? Unfortunately, there is not. It is simply another example of the government creating a mess with the best of intentions.

Barry Milton writes about tax planning and other financial planning subjects for UFCAmerica.com.

Huge Growth Potential In Real Estate In Gurgaon

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Huge growth potential is perceived in real estate in Gurgaon in the coming future. Gurgaon has always been in the forefront of real estate business in India. As a matter of fact, the city is the emerging corporate centre of India. Major infrastructure investment companies such as Omaxe, DLF, Parsvanath, Ansal, etc. have many completed and ongoing projects in the region. Also, there is a host of realtors and real estate consultants in the area who are instrumental in keeping the market vibrant with business transactions. Small-time players and individual investors are keenly involved in the residential as well as commercial property dealings in the city. Even rental property market also has good growth potential in Gurgaon.

Gurgaon property market has been facing a slump in concurrence with the global economic meltdown. However, it has been a temporary and transient phenomenon. Now, industry sources are of the view that Gurgaon real estate is poised for ever greater appreciation in the coming future. The growing urbanization and commercial significance of the region contributes to the higher demand for properties in this corporate hub. Industry insiders say that barring the recent recession, there has been a consistent 25 to 30 per cent annual appreciation in Gurgaon properties over several years. The economically strategic location of the city is the main reason for the growing real estate value.

The primary reason for the growing real estate value in the locality is the close proximity of Gurgaon to the national capital. Now India is emerging as a major world market. In consequence, most of the major multinational companies have shifted their focus to the Indian subcontinent. Those companies coming to India to set up shop in the national capital find the nearby Gurgaon more ideal and appealing. This is because Delhi is already congested and there is scarcity for space. Further, the Haryana government is keen to arrange sufficient infrastructure and allow concessions. Also, the availability of land and the scope for further development are the other attractions of the region. This has necessarily facilitated huge growth potential in Gurgaon real estates.

Growth in real estate value is also attributable to the sophisticated infrastructure in the region. In recent times, there has been much growth in the transportation facilities in the Gurgaon region. The Jaipur-New Delhi National Highway, the Gurgaon-New Delhi Expressway, the New Delhi-Gurgaon Metro Rail, the proposed Gurgaon Metro Rail and considerable road developments that took place in and around the city, etc. have made the access to the city very much convenient.

Renting a House for Students

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If you are a student who goes for learning abroad, then the primary things that you will need to concern for yourself is finding houses for rent. Your living accommodations will make a big impact on your education, and you need to make sure that you take the time to find the best housing for your needs.

If you’re fortunate enough to live at home with your parents during your education, that’s great. However, for those who are striking out on their own, choosing a rental house is going to be important. You can find your options in many different ways, depending on what you want and need.

Some people search for house on rent by first searching for flat mates. If you can’t afford to pay the full price for a rental, it’s often easier to find other people seeking mates or a house to live in. In this case, you can often pair up or find a couple of flat mates and then go forward to find a house together.

Many students stay at university and college hostels during their first year. This is a great way to first familiarize yourself with the education facility you are studying at. It also makes new friends whom you can group together with to find a rental house during your second and subsequent years.

After all, it’s much easier to know what you can afford when you have your flat mates already picked out. Alternatively, you can also find a house that you can live in that is already occupied by people looking for another flat mate.

If you’re searching for a house of your own or houses to rent with others, you will need to make sure that you consider a few things besides the cost of the home. What you can afford is very important; but it is not the only deciding factor. You should also consider the location to your education facility, nearby public transport if you don’t have your own vehicle.

Some houses will rent by the week or month while others will want to let them for a year at a time. Additionally, it is a good idea to draft a budget before you commit to a particular place. Also think about how much money you will need for food each week. This financial exercise will give you a good estimate of what you can afford. You should also consider the other expenses so that you can estimate your expenditures beforehand.

About author: The Author Sumit Gurg is a prominent real estate guru and offers guidance to people looking for house on rent as well as writes for a variety of real estate magazine and publications.

California Real Estate License Guide For New Agents

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A lot of folks think that receiving a California real estate license is extremely complex. In fact, over the years i have had probably hundreds of individuals just like you, instruct me that it was unfeasible for a new person to get started in the real estate industry and make money? This is so far off from the truth.

Obtaining a real estate license is in reality relatively simple. These days, the majority people prefer to take their real estate courses on the internet and save both time and money by doing so. You can take an online course for less than 3 hundred bucks, even cheaper if you uncover a great deal. The courses can be finished in your own time, following work or school and in between spending time with your children. Complete the program in as little or as much time as you need and then take your examination.

Now permit me enlighten you a bit concerning the examination procedure. Commonly, the real estate exam is made up of multiple choice questions and will be issued by the State of California. Some web based real estate schools offer a exam pass guarantee after you take their programs. This can guarantee that you pass your examination or you will get a refund or even just retake the exam with no extra out of pocket expenses.

Now that you have completed the complete licensing process, it is time to get down to work. Making money in real estate is easy, if you understand what you are doing. Obviously, the most important factor is clients. Without clientele you can’t sell homes, so you need to head straight out and start stirring up new business. There are lots of various ways to do this, traditional marketing techniques, advertisments and fliers as well as online marketing and promotions through a website or other online venues.

The largely profitable real estate agents are the ones that are seen by thousands. Get your image on the side of a truck or taxi, advertise on a real estate website, start cold calling or try and get several referrals from other agents that may just be excessively busy. Doesn’t matter what you do, just get your name out there to your neighborhood.

Franklin Lakes Nj Real Estate And Housing Market

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If you are looking for an unbelievable real estate market, with diverse amenities, look no further. New Jersey Real Estate Guys is proud to introduce you to Franklin Lakes. F.L. is #22 in Top Earning towns in the United States. With a population of about 11,000, F.L. has a median household income of just over $155,000 and the median house price is a whopping $1.337 million. Don’t write off Franklin Lakes yet if the home price is not in your budget because there are dozense of homes for sale between a half a million and a million dollars.

Recently Franklin Lakes has been put in the nation’s spotlight recently with the hit show Housewives of New Jersey, a reality show based on wealthier women who expose the daily routines of being a New Jersey housewife. Many of New York’s top professional athletes pick this Bergen County suburb as the place to hang their caps and helmets when they’re not on the field of play. Mets manager Willie Randolph and others in uniform enjoy the conservative town’s rural character and easy access to all the metropolitan area has to offer. Say hello to Kelly Ripa as well if you see her walking the town’s well-manicured streets or shopping at the well-known Urban Farms Shopping Center.

Franklin Lakes’ housing inventory consists of a nice mix of design, however, dominated by Colonial architecture. Many homes built in the early 1900’s have been refurbished and modernized, bringing an ecclectic, tasteful, and rich feeling to the real estate market. If you are a backyard lover, look no further than F.L. Most homes have the luxury of backyard privacy where you can enjoy your private pool, barbeque area, or recreation area for you and the family.

Franklin Lakes is a great place to raise a family as well. The Ramapo area school system is the winner of numerous awards and is recognized with Blue Ribbon status.

Enjoy entertainment right at your fingertips. Whether you choose to stay local or take a quick 30 minute drive into New York City, your options are literally endless.

Check out a list of homes for sale and open your eyes to a whole other lavish lifestyle.

An international Students housing and study in Santa Barbara, USA

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All student organization in the bedroom, shared spaces can be given to a student job opportunities and the rest in a variety of formats. Bedroom living, study, private events, and is often treated with many different places affect almost every permutation of student life, can be considered. Most of the nowadays College inside and outside of the school of life is a selection of furniture in the residence Life of students who feel the environment while studying.

Most of the rooms are designed and decorated to two people in the schools, but it can be still can accommodate more students in larger rooms. The Residence life office furniture such as beds, mattresses, Office chairs, cabinets, drawers and storage space. Rooms are equipped with mirrors, smoke detectors, cable, Phone service, local, computer connections and cables, and e-mail, and hide the window. Beef and furniture will be delivered to the student life is usually respectful of the environment, sustainable and durable but stylish students ‘ needs. The student puts this on campus or off campus housing and come to the end of the user-defined.

Student residence hall is best for that location and extra wall painting and any other graphics added that with paint. combine committees, clubs and other leisure-time activities that make University life more enjoyable. They also help build a student educational plan. The students, who might not even be aware of being the closure of the campus activities. They will not be able to try new things, that can help them later on in the future. Has been reported that the students, who usually meets in Accommodations than the rest of the residents of eligible students. With the exception of purely run students will make these connections and academic, students participate in, for example, the extreme party, which is in turn in this study. Other accommodation exposed to such activities.

Most of the colleges is a set of properties for rent in school students choose to live independently or as a companion to the floor, visited the University nearby. These houses or apartments is ideal for those who want greater independence and provide valuable information on how to manage a household. On the other hand, you can rent off campus, very expensive for the students, who have themselves with food and other necessities. In addition, the distance between the school and home can be very uncomfortable.

The Orchid House of Santa Barbara is a delightful and stylish Student residence hall, off campus living, international student housing, student residence hall and one the best selection our there we are prepared to support you in finding for possible residence.

Residential Property Cost In Gurgaon

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Residential property cost in Gurgaon has been on the upswing for several years. In the main residential areas of Gurgaon property rates has been increasing at a rate of 20 to 30 per cent annually for several years in the recent past. Such locations include: IMT Manesar, Sushant Lok, Sushant Lok I, Manesar, DLF Phase IV, Sector 52, DLF Phase V, Nirvana Country, Sector 30, Andee City, DLF Phase I, Udyog Vihar I, DLF Phase II, Golf Course Road, National Highway 8, M.G.Road, sohana Road, etc. Residential as well as commercial properties of different varieties are available in these locations. Apartments, flats, villas, shops, condominiums, commercial spaces, farm houses, etc. can be easily located in the region.

Gurgaon property cost has been on the increase for the past several years. An estimate conducted by industry experts gives a clear picture of average residential property cost in Gurgaon by mid-2009. It shows that average cost per square foot for apartments is around Rs. 4,250. In the case of houses, it comes to approximately Rs. 6,700. Again, for plots the estimate shows the average cost approximately at Rs. 4,600 per square foot. In the case of apartment units, the cost has come to around Rs. 90 lakh. Again, the average price per house unit has come to around Rs. 1.5 crore. For plot units, the price is approximately 1.6 crore. The estimate is a clear index as to the increasing cost factor of residential property in Gurgaon.

The property cost of 1BHK, 2BHK and 3BHK apartments, 1BHK, 2BHK and 3BHK houses, as per the aforesaid estimate can be summarized as follows. In Gurgaon, average square foot cost of 1BHK apartment is approximately Rs. 3,700 and average price per unit is Rs. 26.5 lac. In the case of 2BHK apartment, the price per square foot is Rs. 4000 and the average cost per unit is approximately Rs. 45 lac. For 3BHK apartment, the average cost is around Rs. 4100 and approximate cost per unit is Rs.73 lac. The estimate also analyses the cost of other residential properties such as independent houses of 1BHK, 2BHK and 3BHK. In accordance with the estimate, the cost of 1BHK house is approximately Rs. 5100 per square foot and the cost per unit around Rs.85 lac. 2BHK house costs around Rs. 5,500 per square foot and Rs. 67 lac. 3 BHK house costs Rs. 6,100 square foot-wise and Rs. 95 lac per unit.

Homes For Sale Lake Conroe Should You Choose A New Home Or Buy An Existing Home

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When a family is looking to buy a home they are faced with a decision whether to buy a new home or to buy an existing home. There are a few things that should be considered before buying.

First of all design and layout is something that should be taken into consideration. Newer homes usually have bigger rooms, more closets, and more bathrooms. Also there are more options like paint colour, the type of cabinets, king of flooring, and also custom wiring. Also a new home could feature walk in closets and extra bathrooms. When buying an existing home you are buying what the owner that lived there before you had for a design. To renovate would be a costly job and upgrades can also be quite expensive. For everyone that has a love for Victorian style home or for hardwood flooring will fall in love with an existing home.

An existing home can be cheaper to buy, but in the long run they will usually require more maintenance which will increase the cost. New homes should not need any repairs for some years usually they include aluminium siding, along with pressure treated decks. But negotiation on price should be made with an existing home.

Buying a new home will mean new insulation, newer windows, and a more efficient heating and cooling system. An existing homes use more power, have older windows, and they are less energy efficient.

Newer homes are safer then existing homes because the newer home would have an up it date fire alarms, and also would contain a burglar alarm. Existing homes would have to have these updates made and in turn it would be another expense.

Buying a home is an expensive and an exciting process. It will make everything easier if you create a list of everything you are seeking in a home. This will help you make a well informed choice

Affordable Indoor And Outdoor Residential Stair Lifts

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Restricted mobility is likely to have a negative effect on the physically challenged and the elderly, making them depressed and passive. Besides, such individuals find it difficult to climb steep staircases, and are very likely to fall and injure themselves. With tremendous development in technology, accessibility problems can be easily solved through the installation of affordable indoor and outdoor residential stair lifts.

Ensures Safe Access in and around Your Home

The safety measures incorporated in residential indoor and outdoor stair lifts are remarkable. The important features include folding arms, folding tracks, seat belts, obstruction sensors, swivel seats, hidden gear jack and many more. It is also provided with adjustable seats, so that it can hold the users in a standing or seated position. Majority of the models are designed with handheld controls in order to facilitate effortless operation. Stair lifts are available in AC and DC models. The advantage of having a DC model stair lift is that, it can be operated even during power breakdowns, as it is supported with battery backups. Comparing costs, DC models are much more expensive than AC models.

These stair lifts can be customized accordingly, so as to suit both curved and spiral staircases. They are also provided with special features to save your living space. Moreover, these provide the user with quiet and smooth operation. To go well with challenging weather conditions, outdoor stair lift models are incorporated with ample weather resistant techniques.

Make the Right Product Selection

While purchasing indoor and outdoor stair lifts, it is very important to choose the right model, from the variety of available choices. Care should be taken to choose a quality product that is extremely reliable and durable based upon your unique requirements. It is also advisable to make the purchase from well-known manufacturers. Branded manufacturers offering indoor and outdoor residential stair lifts include ThyssenKrupp Access, Bruno and Savaria Concord.

Though a luxury item in the past, residential stair lifts are now a necessity for most of the residences, as these provide easy and risk free access between the floors for aged and disabled members of the family.