Archive for the ‘Island Real Estate’ Category
Pro Womens Tennis Tournament Returns to Sea Colony, Bethany Beach in June
Bethany Beach, Delaware (PRWEB) November 22, 2011
Professional tennis returns to Bethany Beach for the second annual ResortQuest Pro Womens Open at Sea Colony, to be held June 10-17, 2012, on the clay courts at the Sea Colony Tennis Center, located south of Bethany Beach on West Way Drive, just west of Kent Avenue.
Again sponsored by ResortQuest
Law Offices of Kyle Norton, P.C. was Lauded in the 7/15/2011 Issue of Long Island Business News for Aiding Distressed Homeowners/Consumers with their Free Legal Seminars
Islandia, NY / Garden City, NY / New York, NY (PRWEB) November 23, 2011
The Long Island Business News has featured the Law Offices of Kyle Norton, P.C. in their July 15, 2011 issue for their cutting edge free legal seminars centered around the topics of Bankruptcy (Chapter 7, 11 & 13), Foreclosure Defense & Exit Strategies and Estate Planning. The Law Offices of Kyle Norton, P.C. has become renowned for hosting these free information sessions with top Attorney’s from their respective fields. Given the recent real estate collapse and with consumer debt at its highest the Law Offices of Kyle Norton, P.C. has supplied answers for the high demand of questions from thousands of Long Island homeowners and consumers.
In creating a genial environment, catered with the finest food and refreshments, the Law Offices of Kyle Norton, P.C. interfaces with folks in need of practical answers to complicated problems. If distressed consumers are buried by bills and are receiving harassing phone calls from a multitude of bill collectors than this is a must attend event, as there are several options open to consumers in this unfortunate position. Bankruptcy is not the only avenue one can take, but often times is the most effective. Please attend to see if it makes sense for a consumer to declare bankruptcy or simply restructure debt, as this can have a huge affect on credit scores.
If a homeowner is behind on mortgage payments or foresees that they may be in the near future this free seminar is also a must attend. Again, there are options and saving your home or getting out from underneath the payments with your credit in tact is a real possibility. These are all pressing, stressful problems. But there are solutions! The Law Offices of Kyle Norton, P.C. can help! Take the first step in getting your life back by attending a free legal seminar or call to set up a Free Attorney Consultation and Analysis.
The information is here and it’s free. There’s no excuse not to take advantage!
Call now, as seating is limited: 1-800-631-9747
Or visit our website for more info: http://www.knlawoffices.com
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Jamestown Announces The Magic of the Holidays Begins at Alameda South Shore Center on Black Friday, November 25
Alameda, CA (PRWEB) November 23, 2011
Jamestown, a leading national real estate acquisition and management firm and owner of Alameda South Shore Center, is pleased to announce a full menu of holiday events, beginning on Black Friday, November 25 and continuing through the season. Alameda Mayor Marie Gilmore will be on hand to officially greet Santa upon his arrival, and kick off the biggest shopping day of the year at the Bay Area’s finest outdoor mall.
“We appreciate the energy and commitment that Jamestown brings to Alameda South Shore Center and our community, and it will give me great pleasure to represent the City of Alameda at the Black Friday celebration,” said Mayor Gilmore. “I look forward to greeting Santa, sharing in the excitement of his arrival with the many children attending the festivities and, hopefully, doing a little shopping!”
We look forward to welcoming Mayor Gilmore and the entire community November 25th, and to hosting a joyful celebration of the holidays, said Michael Phillips, managing director for Jamestown. Were particularly excited about the Santa House, which has been transformed into a festive winter wonderland for kids and their families to enjoy throughout the holiday season.
Designed to entertain and inspire every member of the family, Black Friday festivities feature classic holiday music, dance performances, tree trimming and lighting, and more.
Schedule of Events:
One highlight is the preview of Alameda Civic Ballets perennial holiday favorite, The Nutcracker.
“We are delighted to be performing excerpts of this classic at Alameda South Shore Center, a co-sponsor of The Nutcracker, for what we know will be an appreciative and enthusiastic audience, said Artistic Director Abra Rudisill.
Alameda South Shore Center Holiday Kick-Off Schedule of Events
Black Friday, November 25, 2011
11:00am
Ogier Fund Services Implements SunGards Investran for Private Equity Administration
London (PRWEB) November 23, 2011
Ogier, a leading global offshore firm providing legal, fiduciary and administrative services, has selected SunGards Investran to support the firms private equity administration needs. Investran’s award winning integrated solution suite will help Ogier to meet reporting demands for the entire investment lifecycle by automating front-, middle- and back-office processes.
Ogier Fund Services selected Investran to help manage and process high-volume accounting and reporting needs for private equity managers and their investors. SunGards Investran will help Ogier’s clients benefit from greater operational efficiency and improved service capabilities. Investran will help provide Ogierwith the capability to take on even more funds with complex service demands. Investran will enable Ogiers back-office operations teams to manage investor allocations, automate the accounting work flow and monitor investments from a single platform This will help provide improved transparency and enhanced reporting for clients.
The successful implementation of SunGards Investran at Ogier has been based on the two organizations working together to deliver the project on time and on budget. This has been achieved as a result of the robust implementation methodology that Investran adheres to, as well as Ogier’s commitment of resource and effort to help ensure that it has a system that is suitable for its fund administration clients.
SunGards reliability and reputation as well as depth of expertise was a key deciding factor in our selection of the Investran solution, said Jane Pearce, group director of Ogier Fund Services in Jersey, Channel Islands. Investran will provide us with a comprehensive solution to help meet todays needs as well as our future investment goals as we continue to service clients with more complex requirements.
Lauren Iaslovits, chief operating officer for SunGards Investran business unit, said, Private equity firms rely on SunGards Investrans integrated capabilities to help support the entire investment lifecycle, including relationship management, reporting, monitoring, accounting, fund raising and deal pipeline management.
About Ogier Fund Services
Ogier Fund Services specialises in the provision of full administration services for private equity, real estate, infrastructure and mezzanine funds together with registrar transfer agent and directorship services for open-ended funds. Ogier Fund Services also provides operators, registered office and related services tailored to the requirements of the relevant jurisdiction and particular client needs. For more information about Ogier, please visit http://www.ogier.com.
About SunGard’s Investran
SunGard’s Investran is an integrated application suite that automates front-, middle- and back-office processes for private equity and alternative investment firms. Investran helps improve business efficiencies to facilitate collaboration, support deal flow and automate accounting. Firms rely on Investrans integrated capabilities to help meet their needs in the entire investment life-cycle, including relationship management, reporting, monitoring, accounting, fund raising and deal pipeline management. For more information on Investran and SunGards portfolio of alternative investment solutions, visit http://www.sungard.com/investran/learnmore.
About SunGard
SunGard is one of the worlds leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Investran are trademarks or registered trademarks of SunGard Data Systems, Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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Local Mansfield Insurance Agency Offers Tips for CT Homeowners Insurance Policyholders Looking to Sell Their Home

Westerly, Rhode Island (PRWEB) November 24, 2011
The team at local Mansfield Insurance Agency knows that many middle-age Americans who are part of the baby boomer generation are looking to downsize their homes in order to prepare for retirement. However, the current real estate market isnt exactly working in their favor. As experts in CT homeowners insurance, Mansfield agents are accustomed to working with clients who are looking to buy or sell homes. In most cases, homeowners have to sell their current house in order to afford a new one, so here are several tips on how to boost the value of a home from the trusted local agents at Mansfield:
Focus on neutral d
An Unusual Year For Real Estate On Thetis Island
As another year draws to close I thought I’d share some stories with islanders to keep up to date on the years’ real estate developments.
Something rare happened this year on Thetis, something that hasn’t happened for the last 18 years, nor since electronic record keeping began… there were no sales of waterfront property this year through the multiple listing service. After reviewing the MLS sales history I was surprised by the unbroken 18 year streak of waterfront sales here. In 2009 there have been just 3 sales on the island, all in-land property with a house. One of these properties is currently back on the market as the sellers were unable to find work in the area. Another property was a foreclosure and the first of this nature I have encountered on Thetis. What unifying feature do these three sales share, you may ask? They are all representative of the recent real estate market correction and the current economic stabilization underway.
On Thetis island, as in other more urban areas, entry-level properties are moving quickly, while high-end inventory is staying on the market for longer than before.
There are many reasons for this, but it seems the low interest rates are bringing first time buyers out of the woodwork. Those that overextended themselves speculating have been caught in the pinch, while those heavily invested in the stock market are just now again being able to check their investments without risking a cardiac event.
What does this mean for Thetis Island? For one thing, there are many dollars waiting on the sidelines. It also means that we should see an increase in sales activity as the pent up demand and increased buyer confidence works its way into the system over the next few months.
It’s nice to see the economy and the real estate market stabilizing.
I’m looking forward to a busy spring just around the corner!
Joe Squire B.A. REALTOR Sutton West Coast Realty
Broad Range Of Virgin Islands Real Estate Options
Article by Mercedes Jones
A broad array of VIRGIN ISLANDS REAL ESTATE is available. Whether searching for a primary home or rental property investment, the variety of homes on the market can meet all needs. The options range from affordable condos to expensive estates.
The isles are located in the Leeward archipelago. They create a border between the Caribbean Sea and the Atlantic Ocean. The isles in the north-eastern region are British crown dependencies. They include Anegada, Jost Van Dyke, Virgin-Gorda, Tortola and 50 small islets. Those located in the south-west are U. S. Territories. They include Saint Thomas, Saint John and Saint Croix.
The isle’s name was designated by Christopher Columbus. He chose the name to honor Saint Ursula and the 11,000 virgins. The Carib, Cermic and Arawak were the first natives to inhabit the region. Following the European arrival, the native population was eradicated. They suffered from the hard-ships of slavery and diseases introduced by sailors.
The islets were re-populated by European colonists who set-up tobacco and sugar plantations. They imported slaves from Africa to work on the plantations. While the plantation life-style no longer exists, many current natives are descended from African ancestors.
The official currency in both the U. S. And British territories is the U. S. Dollar. Traffic flows on the left-side of the roadways, but the steering wheels are on the vehicles’ left side. It’s unusual because that steering wheel placement is common in regions who have right-side traffic flows. The official language is English, but some Creole dialects are also spoken.
The cuisine of the region is spicy and hearty. Fungi (pronounced fun-gee) is a primary food staple. It is a thick paste made from cornmeal and okra, and typically accompanies fish dishes. A hearty stew called callaloo is another popular menu item. It’s made from callaloo leaves, meat and okra. Another common dish is roti. It consists of a thin piece of dough wrapped around a filling of curried meat and vegetables. The area’s fruit includes sugar apples, mango, soursop, papaya, sea grapes, genip and tamarinds. A common beverage is bush tea, which is made with native herbs, like lemongrass, and consumed while hot.
The primary religion of the region is Christianity, with a large population of Roman Catholics. As is common in the Caribbean, there are also practitioners of Rastafari. A small percentage of the population are Jews and Muslims.
A broad range of VIRGIN ISLANDS REAL ESTATE is available across the region. Purchasing property in this tropical paradise can be a wise investment towards health and happiness.
Why Hire a Long Island Real Estate Law Firm, Even If You Have an Agent?
Article by Peter T. Roach
“The most obvious reason for hiring a Long Island real estate attorney when you already have a real estate agent/broker is that the latter is not an attorney! Not only can a real estate attorney interpret the considerable amount of perplexing legal documents that have been thrust into a buyer’s or seller’s hands at closing, but an attorney is also the only one who has the strictest duty of loyalty to your interests and no one else’s.
An agent or broker is important to the transaction in order to help you find the right house or the right buyer for your house. An agent or broker may have many years experience in the real estate industry, attending hundreds of closings without any problems whatsoever and without attorneys. But it is for those unforeseen, out of the ordinary circumstances in which a buyer or seller needs an attorney most, and usually without delay. By the time a buyer or seller needs a real estate attorney, it may be too late!
Attorneys have no other loyalties than to their clients, regardless of how much a transaction is worth. Logically, if the transaction is worth a great deal of money, the commission for agents or brokers will be greater, giving them a greater incentive to provide their utmost efforts. The same may not be true for a transaction of lesser value. A real estate attorney on the other hand has the exact same duty of loyalty to a client involved in a transaction of lesser value compared to any higher value.
It may be best for buyers or sellers to think of an attorney as part of their insurance policy on the house as they proceed. In the best of circumstances, attorneys can help their clients navigate the complexities of the many and various documents a buyer or seller must endure, making helpful suggestions to protect their client’s interest. In the worst of circumstances, attorneys can help their clients file legal documents quickly to avoid paying hefty fines or clouding on property title.”
Nevis Real Estate Makes Island Dreams Come True
NEVIS REAL ESTATE ranges from estates to cottages to villas to condominiums. No matter the scale, each comes with stunning views and a lot of sunshine. Many have made this vacation spot their home or home away from home.
Along with St. Kitts, Nevis makes up an island federation. A shallow channel of water separates the two. It is located east, southeast of Puerto Rico and west of Antigua and is a part of the West Indies’ Leeward Islands. The capital is Charlestown and English is predominantly spoken. The warm, tropical climate is cooled by the ever blowing trade winds.
There are many activities to be experienced and enjoyed on the island. Culturama takes place in early August each year. The culture of the country can be enjoyed through dance, arts and crafts, drama and music. The aim of the festival is to share and preserve the indigenous
Caribbean culture.
Nevisian culture has African, East Indian and European components.
Many have travelled there to study the Afro-Caribbean nature of its performing and visual arts as well as other cultural elements. Researchers have visited and reported on singing fishermen, drummers and Calypso performers.
The island’s architecture is also notable. Hermitage Plantation was built in the 18th century and is the oldest wood house in the Caribbean. The Bath Hotel was the first built in the Caribbean in 1778. In its prime, its hot springs and social scene drew many famous Europeans and Americans to the island.
The island also boasts some famous natives. Alexander Hamilton, a founding father of the United States, was born there in the 18th century.
Actress, Cicely Tyson is a native Nevisian. She was born there in 1933 and eventually emigrated to the United States with her parents where she went on to have a successful career in show business.
The island’s name is derived from the Spanish phrase which means “our lady of the snows”. The name references a story about a miracle that occurred in the fourth century where there was snowfall on the Esquiline Hill in Rome. The British settlers referred to it as Dulcina, meaning “sweet island” and the Caribs called it Oualie which means “land of beautiful waters”.
Those looking for NEVIS REAL ESTATE are looking for the beauty and serenity the island offers. They may choose a simple beach cottage or a lavish estate. Either way, their wishes for an island lifestyle are granted.
Here’s Why You Need a Long Island Real Estate Lawyer
Article by Peter T. Roach
“The risk of not hiring an experienced Long Island real estate attorney can cost a buyer/seller thousands if not tens of thousands of dollars. Since the purchase or sale of your home may well be your most significant financial transaction, you should not be penny wise, pound foolish.
Most people don’t realize how complicated buying and selling a house really is. The procedure involves reading and drafting complicated legal documents (i.e. long, small print sales contracts) and requires a familiarity with the standard practice in real estate transactions. In addition, each step from negotiating terms to drafting to closing entails a significant amount of paperwork.
The Complex Process
Most people will sell or purchase a home only a few times in their lifetime, but a Real Estate Attorney will close a sale or purchase of a home a couple of times a week. Plus, no two real estate transactions are the same. In fact, with each transaction you are likely to encounter different circumstances, obstacles and risks.
In order to buy or sell your house you have to complete a number of complicated tasks including the following:
1. Negotiate the terms of the Sales Contract: Experienced attorneys want to get the best deal for their client (even if it’s at your expense).
2. Meet strict legal deadlines: Many real estate transactions fall through because deadlines are not met (this could cost you your dream home).
3. Obtain financing: Most contracts are contingent on financing and at closing the purchaser signs hundreds of pages of loan documents that only your attorney can explain.
4. Obtain inspections of the property: Your lawyer will conduct a title search to assure the seller is actually the owner of the property, has paid all the taxes, and there are no judgments existing against the property. In addition, your lawyer will hire an engineer to inspect the land and structure to ensure there are no hidden defects.
5. Obtain insurance for the property and/or mortgage: Mortgage lenders will require the home to be insured to protect their security interest.
Lots of Paperwork
New York State laws can be particularly convoluted for home buyers and sellers, and each transaction involves a significant amount of paperwork. The documents are voluminous (i.e. hundreds of pages) and are filled with technical and legal terminology that is difficult for anyone not familiar with real estate transactions.
A buyer/seller should always have an attorney read the legal documents and explain the documents in laymen terms. In fact, even an attorney who does not practice in real estate law should hire a real estate attorney to help him/her understand what each document means. “
Go Dubai-The Perfect Holiday Destination!
The article is intended to provide information on Dubai in the most precise manner. One of the seven emirates, Dubai has truly emerged as an international hot spot striking the right balance between luxury and culture. With all these things in place it is truly a ‘City of Contrasts”. Those taking the Dubai Flights will surely seek pleasure and adventure in the most optimum manner.
This article desires to give valuable information and suggestion about the city in the most precise manner to all those takingDubai flights. The country is made up of seven emirates namely Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Umm AI Quwain, and Ras AI Khaimah, of which Dubai is the second largest area after Abu Dhabi. It is the most populous of all. It must be noted that this place has the veto power over critical matters of national interest in the legislation of the country. It has emerged as a global metropolis and a business hub. Being the most progressive and modern emirate this destination is emerging as a popular tourist destinations. Although the country’s economy was built upon oil industry it has expanded its revenue generating areas like tourism, real estate and financial services. It even attracted world attention recently through many innovative large construction projects and sports events.
The people taking flights to Dubai must be aware that being the desert area this place has a hot arid climate. It is dry on the hottest days and humid during the cooler days in the summer. Its summers are hot, windy and dry with high average temperature. The days are sunny throughout the year. Winters over here are cool giving relief to the people from the hot scorching heat of the summers. December to April generally produces the highest precipitation here.Occasionally there are sandstorms when the sand is whipped off the desert. To sum up the weather perpetual sun and clear blue sky are its characteristics.
The place is synonymous with shopping. It’s a heaven for the people who are shopping buffs providing a range if things to buy at affordable rates. Those visiting the destination must note that it hosts one of the biggest shopping festivals in the world held annually called Dubai Shopping Festival and should book the tickets early to ensure cheap flights to Dubai. The best things to buy in the conurbation are textiles, electronics and gold, electronics believed to be the cheapest as well as the extensive variety available.
The metropolis is truly incredible. It is a plethora of manmade islands, world’s tallest habited tower, rotating towers, malls and a lot more. It has luxurious world class resorts like the Dubai Festival City and magnificent hotels. Then there is world’s tallest tower named AlBurj setting up a standard difficult to be met by some other place. There are endless water-sport opportunities for those taking Dubai flights as it has some of the whitest and sandiest beaches in the world. Those who are sports enthusiasts must heads towards SafaPark is one of the oldest in Dubai. One can go for desert safari with specialist drivers where you can enjoy roller-coaster ride over sand dunes. There are many artificial islands which are very popular among its tourists for chilling out.
Fire Island Real Estate Agent �” How Do I Find My Sales Or Rental?
Article by Arthur Levine
Please feel free to use this article as long as credit is given to the resource box.© Copyright Arthur Levine 2008Words: 473Keywords: Fire Island, Real Estate Agent, Dream Home, Seller, Buyer
I wake up each morning prepared to do battle. I know that by the time I get to my real estate office on Fire Island I will have anxious calls from both buyers and sellers and renters wanting to know when I am going to have the perfect prospect or summer home for them. Sometimes they even call me at my home early in the morning or late at night demanding to know when I am going to have the house of their dreams or the buyer that just can’t live without their home at any price.
I am used to this by now, and to tell the truth I love it. That’s right, I love matching buyers with sellers and renters with leasers. To me it’s an art form. I love what I do, and I believe in my heart that I am good at it.
I get a tremendous amount of satisfaction out of putting the right people together, and helping them all achieve their dreams. It’s wonderful to see the smiles on their faces when we achieve a meeting of the minds. It’s great to be able to satisfy their wishes. But it doesn’t happen automatically.
We have to do a lot of research into what the buyer wants in a home on Fire Island, and what the seller’s objectives are before we can come up with the perfect match. What you don’t want to do is waste a lot of everyone’s time introducing people to each other that don’t have compatible goals and objectives and price points.
We are not interested in making House and Garden type tours of the neighborhood. We want to concentrate on finding the right home at the right price for the right buyer, and at the same time satisfying the seller’s goals and objectives.
What I have discovered is that there is almost always the right match for the right people if you keep in mind certain criteria that form the basis for making a happy transaction:
1. What are the buyer, seller, leaser, or renter’s price points?2. What type of community do they want to live in?3. How ready are they to consummate a transaction4. How closely does the prospective home meet their needs?5. How well does the proposed transaction meet the dreams and objectives of the buyer and seller?
If you can answer all these questions affirmatively, you are ready to make a real estate match on Fire Island.
Virgin Islands Real Estate Meets All Expectations
Article by Mercedes Jones
When considering an island getaway, people dream of endless sunshine, clear water, white sand, recreational activities, festive restaurants and bars, beach-side cocktails, glorious views and balmy air. The Caribbean is often the first choice for vacationers but in recent years, according to sales in VIRGIN ISLANDS REAL ESTATE, many are deciding a vacation is not enough; they are buying homes with plans for long-term living or retirement.
The U. S. Virgin Islands, consisting of St. Thomas, St. John and St. Croix, offer all that makes up the good life. These islands are English-speaking, use the dollar and in all ways, are a pleasurable vacation fun spot. They are also a solid business investment arena.
With a temperate climate, a diverse culture of both Caribbean inhabitants and sophisticated upscale vacationers, natural beauty, excellent services and amenities, nothing is lacking. The legal system, currency and tax systems are based in the United States. Moving will not involve complicated transitions that leaves one confused and at a loss as to what to expect, what is legal and what is merely preferred.
If the Caribbean is your dream lifestyle, there is a wide variety of housing options; both affordable pied-a-terres as well as those fabulous, multi-million-dollar homes with regal style. Houses and condominiums, many on the water or with water views are available. There are Realtors ready to service your needs, the same brand-name agencies you have access to in the United States. They also offer property management if you are looking to invest for rental revenues.
If you are looking at the islands with the intention of moving to do business, there are tax incentives to do just that. The infrastructure is state-of-the-art with fast internet and phone services, good roads and airports. The U. S. Postal service fully operates including Federal Express. UPS is readily available.
There is also a thriving arts culture. With so much natural beauty, plenty of artists are making there home here, in studios and painting en plein air. This is a painters paradise. St. Thomas is the home of Impressionist Camille Pissarro. The artist spent his formative years on St. Thomas before setting himself up in France in the 19th century to become world famous along with Monet and Cezanne. Many watercolors and drawings are on display. Either as a working artist or perhaps as a gallery owner, there are opportunities.
The Caribbean is a wonderland. With duty-free shopping, parks, fantastic beaches, hiking, diving, sailing, fishing, camping, kayaking and working on the tan, there is no end of pleasures that await you. With perfect weather all year round, a multi-culture of friendly, happy people, you will find all the relaxation and entertainment that make for a great vacation. If you should decide maybe this is the lifestyle for you and your family, options abound for investing in U. S. VIRGIN ISLANDS REAL ESTATE.
Enough With The Doom And Gloom About Homeownership
Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up.
After all, at the peak of the bubble five years ago, Time had a different take. “Home Sweet Home,” declared its cover then, as it celebrated the boom and asked: “Will your house make you rich?”
But it’s not enough just to be contrarian. So here are 10 reasons why it’s good to buy a home.
1. You can get a good deal. Especially if you play hardball. This is a buyer’s market. Most of the other buyers have now vanished, as the tax credits on purchases have just expired. We’re four to five years into the biggest housing bust in modern history. And prices have come down a long way- about 30% from their peak, according to Standard & Poor’s Case-Shiller Index, which tracks home prices in 20 big cities. Yes, it’s mixed. New York is only down 20%. Arizona has halved. Will prices fall further? Sure, they could. You’ll never catch the bottom. It doesn’t really matter so much in the long haul.
Where is fair value? Fund manager Jeremy Grantham at GMO, who predicted the bust with remarkable accuracy, said two years ago that home prices needed to fall another 17% to reach fair value in relation to household incomes. Case-Shiller since then: Down 18%.
2. Mortgages are cheap. You can get a 30-year loan for around 4.3%. What’s not to like? These are the lowest rates on record. As recently as two years ago they were about 6.3%. That drop slashes your monthly repayment by a fifth. If inflation picks up, you won’t see these mortgage rates again in your lifetime. And if we get deflation, and rates fall further, you can refi.
3. You’ll save on taxes. You can deduct the mortgage interest from your income taxes. You can deduct your real estate taxes. And you’ll get a tax break on capital gains-if any-when you sell. Sure, you’ll need to do your math. You’ll only get the income tax break if you itemize your deductions, and many people may be better off taking the standard deduction instead. The breaks are more valuable the more you earn, and the bigger your mortgage. But many people will find that these tax breaks mean owning costs them less, often a lot less, than renting.
4. It’ll be yours. You can have the kitchen and bathrooms you want. You can move the walls, build an extension-zoning permitted-or paint everything bright orange. Few landlords are so indulgent; for renters, these types of changes are often impossible. You’ll feel better about your own place if you own it than if you rent. Many years ago, when I was working for a political campaign in England, I toured a working-class northern town. Mrs. Thatcher had just begun selling off public housing to the tenants. “You can tell the ones that have been bought,” said my local guide. “They’ve painted the front door. It’s the first thing people do when they buy.” It was a small sign that said something big.
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5. You’ll get a better home. In many parts of the country it can be really hard to find a good rental. All the best places are sold as condos. Money talks. Once again, this is a case by case issue: In Miami right now there are so many vacant luxury condos that owners will rent them out for a fraction of the cost of owning. But few places are so favored. Generally speaking, if you want the best home in the best neighborhood, you’re better off buying.
6. It offers some inflation protection. No, it’s not perfect. But studies by Professor Karl “Chip” Case (of Case-Shiller), and others, suggest that over the long-term housing has tended to beat inflation by a couple of percentage points a year. That’s valuable inflation insurance, especially if you’re young and raising a family and thinking about the next 30 or 40 years. In the recent past, inflation-protected government bonds, or TIPS, offered an easier form of inflation insurance. But yields there have plummeted of late. That also makes homeownership look a little better by contrast.
7. It’s risk capital. No, your home isn’t the stock market and you shouldn’t view it as the way to get rich. But if the economy does surprise us all and start booming, sooner or later real estate prices will head up again, too. One lesson from the last few years is that stocks are incredibly hard for most normal people to own in large quantities-for practical as well as psychological reasons. Equity in a home is another way of linking part of your portfolio to the long-term growth of the economy-if it happens-and still managing to sleep at night.
8. It’s forced savings. If you can rent an apartment for $ 2,000 month instead of buying one for $ 2,400 a month, renting may make sense. But will you save that $ 400 for your future? A lot of people won’t. Most, I dare say. Once again, you have to do your math, but the part of your mortgage payment that goes to principal repayment isn’t a cost. You’re just paying yourself by building equity. As a forced monthly saving, it’s a good discipline.
9. There is a lot to choose from. There is a glut of homes in most of the country. The National Association of Realtors puts the current inventory at around 4 million homes. That’s below last year’s peak, but well above typical levels, and enough for about a year’s worth of sales. More keeping coming onto the market, too, as the banks slowly unload their inventory of unsold properties. That means great choice, as well as great prices.
10. Sooner or later, the market will clear. Demand and supply will meet. The population is forecast to grow by more than 100 million people over the next 40 years. That means maybe 40 million new households looking for homes. Meanwhile, this housing glut will work itself out. Many of the homes will be bought. But many more will simply be destroyed-either deliberately, or by inaction. This is already happening. Even two years ago, when I toured the housing slump in western Florida, I saw bankrupt condo developments that were fast becoming derelict. And, finally, a lot of the “glut” simply won’t matter: It’s concentrated in a few areas, like Florida and Nevada. Unless you live there, the glut won’t have any long-term impact on housing supply in your town.
Come And Experience Virgin Islands Real Estate
Article by Mercedes Jones
There is a lot to see this year on the VIRGIN ISLANDS REAL ESTATE market. There are many new listings coming available every day from rentals to properties for sale.
The Virgin Islands are a colony of the United States. It is located in the central part of the Caribbean Ocean, near many other Caribbean island nations.
The unofficial language on the islands is English, but there are many other languages spoken by residents that originated from other areas, such as the Middle East, the Americas, and other islands.
On the isle of St Croix, you can experience a lot of natural attractions, like coral reefs, historic landmarks, and nature preserves. All of the islands are rich with history and natural wonders to experience. Not to mention the miles of beautiful beaches to relax and crystal clear water to swim.
The isles are always busy and festive. There is always something happening on one or more of the islands each month, from concerts to parades to festivals. No matter when you come to visit, or stay, you will never be without something to see and enjoy.
The primary source of revenue is from year round tourism. The isles house both large and small factories, producing a variety of goods. There are oil refineries, textile factories, Rum distilleries, and other industries. The nation has been wise to vary its forms of revenue. With the world experiencing financial problems, a diversified source of income has made this nation stay ahead of any issues, instead of simply relying on their tourism. The country deals in the US dollar, but also accepts many other forms of payment in the tourist areas.
Unlike many other places in the Caribbean, the educational and health care systems are more than adequate. The country has invested a lot of money and effort into making the school system comparable to schools found in the US. Many students complete high school and go on to college, either here, or in the US. The hospitals and doctors have the latest technology and training. The care received is similar to that of larger nations, and the cost is marginally lower.
You will never regret exploring all that the VIRGIN ISLANDS REAL ESTATE has to offer you and your family. You will be able to find a property to suit your needs, from residential, to vacation, to retail, and even industrial. Contact your local real estate agent regarding current availabilities, or take a trip here and discover what is available for yourself.
Real Estate in the Cayman Islands: Property for Sale or Rent
The Cayman Islands are really an exclusive and distinct place. They provide one of the best chances anywhere to possess your dream home, live here, or merely invest in any property.
The biggest of the three islands, Grand Cayman offers the prevalent selection of properties for sale varying from luxury beach front condominiums along Seven Mile Beach, to ocean front homes and villas in the laid back Rum Point area.
Regal Realty Cayman is a full service real estate brokerage company. They present a broad range of property services, comprising of professional sales, marketing and leasing services to the holder of special residential, commercial and investment properties within the Cayman Islands.
As it is having a world power in the financial circles along with the stunning scenery & wealth of outdoor activities, the Cayman Islands is home to number of the most special real estate anywhere in the world. Cayman Islands homes can be costly – mainly for those people that are competent to obtain one of the Cayman Islands waterfront homes on the beach, but they are really living in heaven.
Moreover, Cayman Island real estate is a grand investment alternative. The government is very eager to uphold development, the tax laws for owning property are not severe, the people are truthful and you are more probable than not to receive better value for your money. Possessing one own’s land in the Cayman Islands is also a striking thought.
All Cayman Islands real estate properties are titled as either freehold or leasehold, which can be detained by solo persons, in cooperation with others or by a company. Foreign Real Estate Investment in the Cayman Islands is secluded, optimistic and has played a significant role in the proficient development of these islands. Till today, Cayman real estate has showed to be an striking and money-making investment. Many of the law firms in Cayman have attorneys who are much specialized in property law, and it is worthwhile if you seek advice from one prior signing a contract.
Cayman Real Estate Company [Regal Realty Cayman] has a broad choice of Cayman property for sale and for rent at just your click across the Island. These properties comprise commercial as well as residential properties in all the cities covering the Island.
Regal Realty Cayman is the best place if you are searching out for real estate properties in Cayman Islands. We are comprising of a large range of real estate listings in Cayman Islands to go well with every budget counting- Apartments for Sale or Rent in Cayman Islands, Residential Real Estate Property, Commercial Real Estate Property, Houses for Rent or Sale in Cayman Islands, Vacation Rentals in Cayman Islands, etc.
Due to its amazing climate, strong economy and copious Caribbean real estate investment chances, it just doesn’t get any better than the Cayman Islands!
Buying A Real Estate In Cayman Is A Best Choice
Today people mainly strive to obtain real estate property according to their requirements. By going through the statistics of past few years it has come under observation that there has been an incredible growth in the need for land property well known as Real Estate. It’s the dream of every individual to have a property in Cayman. For investors, Cayman Islands real estate have proved to be as a heaven.
It has become much simple to purchase a Residential Apartment and Villa, if in case you are preparing to buy or construct it. It is just due to the simple real estate property laws for the development. Individual can also go for investing in income generating properties and can also come across some lavish residential properties as per their needs and financial plan at reasonable cost.
The Cayman Islands property market across the islands of Grand Cayman, Little Cayman and Cayman Brac provides an exceptional choice of good-looking locations for high quality properties within a political stable country that is a dependant territory of the United Kingdom and has direct flights from the UK and North America.
The outlook for the market in Cayman seems enormously capable and will keep on providing a secured and protected long-term investment for persons looking for invest opportunities in Cayman Islands real estate. The majority of the properties in the Cayman Islands are freehold, even though there are some leasehold properties. Title to Cayman Islands property can be held by persons, alone himself or jointly, or even in the name of a company.
Moreover, the Cayman Islands real estate market is even that much attractive to those desiring to go for an overseas holiday get-away, or a retirement residence. For foreign investors, it can provide a solid capital return on their investment, and also the opportunity to own a private piece of the most fashionable and secured place in the whole Caribbean. The Cayman Islands Real Estate Broker’s Association must hold on to severe rules and regulations.
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Investing In Cayman Property Overseas Is a Good Idea
For many people this is a procedure that is not always realized, while for others, the procedure of finding for the one that is well suitable for all their requirements and wishes perfect is very difficult to do.
The skill to own a home is the crucial destination for several people around the world. For many people this is a procedure that is not always realized, while for others, the procedure of finding for the one that is well suitable for all their requirements and wishes perfect is very difficult to do.
The Cayman Islands are among the few worldwide islands which continually pick up awards for their outstanding beaches, hotels, diving and investment safety. Cayman Islands
consist of these three islands – Grand Cayman, Cayman Brac and Little Cayman, each of which has a different ambience and unique attractions.
The increasing upturn in buying property abroad has shown no signs of abating. Overseas property has become a popular choice for two main reasons: Budget Flights and Holiday Home Investment, and Emerging Markets. An exclusive beachside development investment opportunity has arisen in one of the most desirable areas of Little Cayman.
An exclusive beachside development investment opportunity has arisen in one of the most desirable areas of Little Cayman. Only limited plots are available. This beach-side exclusive development enjoys tropical sea views with pure white sandy beaches.
Benefits of Cayman Property:
The Caymans have no property taxes and investing in land in the Cayman Islands is advantageous from the tax perspective also. Cayman Island land investments are also secure real estate investments because the territory is politically stable, has sound regulations operating under British Common Law and good infrastructure. Interest free finance extending over five years is also available.
Property for Sale in the Cayman Islands
Cayman Islands is British Overseas Territory in the Caribbean and meets all the requirements for an excellent investment. You will be investing abroad under British law as British common law is applicable in the territory. Foreigners are legally allowed to invest in land and get a freehold title.
We are one of the leading and well-respected Cayman Island real estate providers that offer a collection of tailored Cayman property for lease or rent according to your needs. I am having over 65 years of combined real estate experience both in the Cayman Islands and overseas in Cayman property for rent and Cayman property for sale.
Cayman?s Economy Waiting For The Turnaround
Late in 2009 Cayman’s business community braced itself for a difficult 2010. Many predicted first signs of positive economic growth only for the latter half of the New Year. Twelve months later it appears that, despite some positive signs, this forecast will have to be delayed by another twelve months. The Mood of the Boardroom survey of business leaders in the Cayman Islands shows only a slight improvement in business confidence and the assessment of the economy.
MICHAEL KLEIN
After a massive decline in economic performance in 2009 of 7 per cent, Cayman’s economy still found itself in the midst of a recession in 2010.
In 2009 five key sectors suffered substantial economic declines, including construction (-29.3 per cent), financial and insurance services (-14.4 per cent), wholesale and retail (-11.5 per cent), hotels and restaurants (-10.2 per cent) and transport and storage (-8.1 per cent).
For 2010 estimates are that Cayman’s GDP has shrunk by a further 4.1 per cent.
Stalling and slower than anticipated growth of the US economy during the second half of 2010 may also have impacted the economic performance in the Cayman Islands economy, which is closely linked to the US. However, the first half of 2010 saw some indications of economic recovery.
Financial services
New company registrations surged by 18.4 per cent in the first six months of 2010, after a massive decline of 33.7 per cent during the same period in 2009. The number of hedge funds also increased again to 9,594 (third quarter of 2010), overcoming a two and a half year low of 9,378 at the end of the first quarter 2010.
Media reports of an “exodus of funds” relocating from Cayman to Europe and Ireland in particular are “a myth”, according to Cayman Finance and others in the financial services industry. The Cayman Islands Monetary Authority could only confirm a total of four funds that re-domiciled to Europe from Cayman so far.
Tourism
The tourism sector also steadied following a tumultuous 2009. By October 2010 air arrivals had jumped 5.4 per cent and in November the 2010-formed Ministerial Council for Tourism revealed that Cayman Airways flights would be scheduled to link up with Europe-originating services on Virgin Atlantic through Havana, Miami and Jamaica, providing more options for travelers. Also in November West Jet launched a new direct service from Toronto to Cayman.
Hotel occupancy rates increased from 59 to 69.2 per cent on a room stock that remained flat year-on-year. Yet, while this is positive news, it most likely has been achieved on the basis of deeply discounted room rates.
The economic downturn still affected downtown businesses, with Senor Frog’s restaurant and bar closing permanently in May. A weather-impacted cruise season led to 68 lost or diverted cruises. Nevertheless cruise arrivals grew by 2 per cent year on year.
Meanwhile, the outlook for 2011 is a mixed one. New companies Aida of Germany and Happy Cruises of Spain debuted at Cayman toward the end of the year, as did a cruise route originating in Panama, opening up new market opportunities. But it also transpired that the islands will receive 54 fewer calls from Royal Caribbean, Princess Cruises and Celebrity Cruises in 2011. This would constitute a 26 per cent decrease, and a 23 per cent decrease in visitors over the next year.
Construction
In the real estate and construction industry the negative trends of 2009 continued last year with the total value of property transfers falling by 15 per cent and building permits declining by 28 per cent. Residential construction, which largely carried the market in 2009, began to dissipate this year.
The value of apartment construction approvals in the first half of 2010 fell by more than 75 per cent from the year before, dropping from CI$ 100 million in mid-2009 to $ 23.4 million as of June 2010. The total number of project approvals has also fallen steadily over the past several years. Project approvals in the first half of 2007 were 647. In 2008 that number was 617 compared to 483 in 2009 and 436 in the first six months of 2010.
Only the commercial construction category provided a bright spot in an otherwise cloudy picture. “Intentions rebounded from a year ago to $ 79.1 million,” the Half-Year Economic report of the Economics and Statistics Office. “Large projects including the on-going expansion of the Camana Bay development, a national art gallery and a new commercial development accounted for $ 54.8 million (or about three-quarters) of the total project approvals.”
Real estate
The trend of a general economic decline combined with a population falling rapidly by 7.3 per cent in 2009 continued in 2010. As a result demand for rental properties slowed dramatically leading to lower rents and a large number of empty properties on the island. House prices dropped by 15 per cent in 2010 in response to slow demand, but the luxury property market held more firmly.
At the same time the number of property transfers in the first six months of 2010 declined by 13.8 per cent.
GDP
“A modest forecast GDP growth of 0.8 per cent in 2011 will hinge on a firm rebound of the financial services industry particularly in the second half of the year, and stronger growth of tourism arrivals,” concluded the Strategic Policy Statement presented by government on 25 November 2010. “The resulting forecast GDP growth for FY 2010/11 is -1.7 percent,” it said.
Given the uncertainty of this forecast, the Mood of the Boardroom survey of business leaders showed that 37 per cent those surveyed correspondingly believe the economy is recovering or growing, contrasted by 20 per cent stating the economy will still be in recession and 43 per cent declaring it unchanged.
Compared to 2010’s survey the share of business leaders that see Cayman’s economy as growing remains unchanged. Only the share of those expecting a recession in the New Year declined from 51 to 20 per cent. Given the general expectation from one year ago that Cayman would be witnessing first signs of growth at the end of 2010, it appears that this assessment is now delayed by another six to 12 months.
Business confidence
Entering 2011 business confidence in the Cayman Islands is split. While 7 per cent of the survey’s respondents said they are “very confident” with regard to revenue growth of their company, another 43 per cent they were “somewhat confident”. This is a ten per cent improvement in business confidence over last year. However, 17 per cent of all respondents are still “not confident at all” and 30 per cent said they were “not very confident”.
Hilton Head Island Real Estate – Living in Paradise
Article by Ken Oliver
Every year many people come to Hilton Head to enjoy a beautiful paradise away from home. They come to enjoy the miles of beautiful beaches, nationally-ranked golf and tennis, first-class dining and more than enough shopping to empty even the fattest wallet. Even though the island is a great place to visit, it is an even better place to live. If you truly want to live in paradise year-round, you owe it to yourself to learn more about real estate in the area and the many ways of life it can offer you.
Much of the available Hilton Head Island real estate is located in a series of extensive gated communities, many of which offer amenities normally only seen at vacation resorts. The first major community, Sea Pines Plantation, was developed by constructing amenities such as golf courses, tennis courts, and bike paths; the houses and hotels were constructed around these amenities, rather than vice versa. Because this model was followed throughout the island, the vast majority of existing properties have quick access to golf, tennis, biking, swimming, fishing, and more. Anyone interested in purchasing their own piece of Hilton Head Island’s real estate pie should do their homework first, because each gated community has something unique to offer. Some of the island’s communities have a great deal to offer in the way of shopping, dining, and recreation, giving residents the option of never leaving their home community if they wish.
With so much to offer, it may seem like the properties on the island are something that only the very rich can own a part of. While it is true that the island’s amenities and laidback lifestyle are unparalleled, the current reality is that we are now in a buyer’s market. Even Hilton Head Island real estate is priced to go these days, meaning that it’s a great time to act if you’ve ever dreamed of living in paradise instead of just vacationing there.
One important thing to keep in mind is that buyers have a lot of options when looking at properties. Those interested in a single-family home can find the home of their dreams on the island, while someone looking for a vacation home can investigate the wide variety of homes and condominiums available. Timeshares are also a great option for those who know ahead of time when they will be vacationing. With prices the lowest they’ve been in years, now is a great time to become a part of Hilton Head Island’s beautiful and friendly community.
Wake Up, Does Your Investment Property Still Measure Up? Take The Return On Equity Challenge! Long Island Real Estate
THE PURPOSE OF THIS ARTICLE is to give a friendly whack upside the head to people who own rental property. You probably made a good investment when you first bought the property. But have you owned it too long? Depending on how long you’ve held your property, it might not be a good investment anymore. I didn’t say not a good property; I said not a good investment. Read on to find a simple way to determine if your property is still measuring up. You may be in for a surprise!
First, let’s quickly review the four financial benefits of owning investment real estate:
1.CASH FLOW: After you pay all expenses and loan payments, cash flow is the money left over.
2.PRINCIPAL REDUCTION: The loan is paid down with money collected from tenants.
3.INCOME TAX SAVINGS: IRS rules allow property owners to take depreciation deductions, which shelter the cash flow and principal reduction. Any leftover depreciation creates a paper loss, which, in many cases, can be used to shelter other income – such as salary from your job.
4.APPRECIATION: Over time, the property increases in value. These four benefits are powerful! You earn tax-sheltered cash flow, your tenants buy you the building, you get to tell the IRS you’re losing money, and all-the-while, the property goes up in value. What a country! So why am I challenging you to reconsider whether your property is still a good investment? Simple! Your “return on equity” is probably low -and getting lower by the year! Let me show you an example. Don’t get all tangled up in the numbers. Just concentrate on the big picture and how it applies to you.
Return on Equity Drops from 18 to 7 Percent
Assume you bought a rental house 16 years ago for $ 70,000. You invested $ 10,000 and borrowed the rest. Your goal is to retire in another 15 years and use the rental house to provide retirement income. (A great plan!)
So, how good was your investment 16 years ago? Let’s total your benefits. Assume the cash flow, principal reduction and tax savings added up to $ 1,800 that first year. You were earning 18 percent ($ 1,800 divided by $ 10,000) on your investment. Not bad. Plus the rental house was appreciating. You’re an investment genius!
Fast-forward 16 years to the present. Let’s assume the following: Your yearly cash flow has increased to $ 5,000 and the principal reduction is $ 2,000; a total of $ 7,000 -just from the first two benefits! In addition, let’s assume the net value of your rental house has appreciated over the years so it’s now worth $ 120,000 and your loan has been paid down to $ 40,000.
However, because you’ve owned the property so long, the depreciation deductions (assume they’re $ 3,000) are no longer enough to shelter the $ 7,000 of cash flow and principal reduction. That leaves $ 4,000 of unsheltered (taxable) income. Instead of saving tax, you have to pay tax. If you’re in a 35-percent bracket, (combined federal and state), you pay $ 1,400 tax.
So, your benefits from the rental house now look like this: $ 5,000 cash flow, plus $ 2,000 principal reduction, minus $ 1,400 tax paid. A total of $ 5,600.
This is all summarized on the “Return on Equity Worksheet” on the next page. (The blanks in the right column are for you to use on your own property.)
It’s no wonder you consider yourself an investment genius if you measure the $ 5,600 against your original $ 10,000 investment: that’s a 56 percent return. But that’s where most people go wrong!
Your Original Investment Has Nothing to Do with Today’s Rate of Return!
Your investment is not the amount you originally invested years ago. You’ve got way more than $ 10,000 “tied up” today! Your investment is the amount you could get out of the property if you sold it today.
That’s called your “net equity.”
Over the past 16 years, your property has increased in value and your mortgage has been paid down. The current difference between the property’s net value (after selling expenses) and your mortgage balance is $ 80,000. In other words, if you sold the property today, you could walk away with $ 80,000.
However, if you keep the property, in effect you’re re-investing the $ 80,000 into the property. Now, how does your investment look?
Not so good. You’re earning $ 5,600 in benefits on an $ 80,000 investment – that’s only 7 percent! What if a REALTOR® called you up and said, “I’ve got a great real estate investment for you. You’ll earn a measly 7 percent.” You’d hang up on them! Well, you already own it!
If you wouldn’t buy a property like that, why would you continue to own it?
What if you did this instead? Use your $ 80,000 equity as the down payment on a different property – one that produces 18 percent again? With that down payment you could probably afford a $ 400,000 rental property. Once you’ve owned that property for a few years, your equity will have grown again (and your rate of return fallen), so you repeat the process. The goal is to maintain the highest possible rate of return, which will make a huge difference in your future wealth.
You’ll maximize your wealth by wisely moving your equity from your current property to another as soon as your rate of return would be greater in the next property.
Just for fun, take out your calculator and figure how much money you’d have in 15 years if you leave the $ 80,000 invested at 7 percent. Then calculate what $ 80,000 invested at 18 percent grows to in 15 years. 1 could give you the answer but you might not believe me – check for yourself. ..it’s gigantic!
Three Ways to Move Your Equity
Here’s a key point. If you decide it’s time to “move your equity,” be sure to explore all your options. There are three common ways to move equity.
1.SELL: You could sell your current property and buy another. The problem with selling is you have to pay capital gains tax.
2.REFINANCE: You could refinance your cur rent property and use the loan proceeds to buy another property. The problem with refinancing is you’re probably not able to borrow the entire $ 80,000 equity.
3.EXCHANGE: The third, and best, way to move your equity is to exchange. Exchanging allows you to move your entire $ 80,000 net equity to another property without paying tax. It’s wealth building’s most powerful tool.
So, what does this all mean? Well, if you own rental property, congratulations. Your investment brilliance shines brightly. However, the longer you own that property your glow begins to fade. The wise thing to do is re-evaluate your property every year. In essence, make the decision to “re-buy” the property. As soon as the rate of return on your equity could be higher in another property, it’s time to take action.
I challange you to take the return on Equity Challenge Worksheet after you read this article. Send me an email and I will send you one, you will be suprised what your return is. I will bet you a steak dinner on it.
I cannot take credit for this article – I got permission from the author below. I thougt it was so good I had to reprint it.
This article was reprinted with permission from Copyright Tom Lundsedt Seminars
Natural Paradise in Oklahoma: Grand Lake Living
In the morning, Deborah Welok looks out the window of her Grand Lake home to watch hummingbirds and orioles at play. Goslings trail their parents as they make their way to the water, and a raccoon runs across the yard. She takes in the peacefulness, the waters of Grand Lake rippling just beyond the dock that is a short walk from her house. As executive director of Grand Lake Association, Welok’s job is to promote the Grand Lake area in northeast Oklahoma, but it’s a lifestyle she believes in heart and soul, a lifestyle characterized by affordable luxury that captures peaceful, natural beauty.
“The sales of homes, condos and townhomes are growing by leaps and bounds,” says Welok. According to Welok, most homeowners are in their mid-40s and up, couples looking for a place to gather with family, get on the water and have fun. “At Grand Lake, you are able to walk out to your own dock,” she says. “Few lakes in the United States give you this luxury.”
Welok also cites low real estate taxes, little traffic and the peacefulness of the area as main draws for those looking for second homes or a full-time change of scenery. A variety of communities are available at Grand Lake to fit your style. Many of the communities are new in 2008, evidence of the area’s growing real estate demand.
Villas Del Lago
Now under construction, this 38-acre development features Spanish architecture and landscaping and home-and-lot packages for Grand Lake living. Four different lakefront home plans are available, ranging from 2,500 to 3,200 square feet. In addition to the community’s 1,600 sq. ft. of shoreline, two one-and-a-half acre lakes with fountains and bridges add beauty to the development. Located on the southside of Grand Lake between the Coves and El Cabo, Villa Del Lago waterfront lots start at $ 200,000. Villas Del Lago features 52 lots, including 10 with private dock option. Boat slips are also available for purchase at the marina.
http://www.villasdellagos.com
Echo Bay
Echo Bay offers harmonious living, a unique development that follows a plan to preserve the area’s wildlife and natural habitats. Homeowners in this development enjoy the sanctuary of 14+ acres left in natural state at the water’s edge. Turn-of-the-century flora and fauna, such as buffalo grass and berry shrubs, are being returned to the area, and residents enjoy four fishing ponds and bird habitats. Located on Monkey Island, this eco-friendly development covers 147 acres and offers 57 lots, designed for maximum privacy, that range from .75 acres to 5 acres ($ 45,000 and up). On-site medical clinic is available.
http://www.echobayvillas.com
Patricia Island Estates and Golf Club
Homeowners enjoy access to both golf and lake at Patricia Island Estates & Golf Club. Established in 1995, this community currently features 94 homes (130 lots remain available). Amenities include an 18-hole championship, semi-private golf club and members’ only swimming pool and tennis court. The golf course features Bermuda grass in the fairways and rough and L-93 bent grass greens. Located 10 minutes from Integris Hospital, Wal-Mart, Lowes and many restaurants and only 15 minutes from Grand Lake Casino. Patricia Island offers the convenience of city sewer, water and gas services, plus city police and fire protection. Homes range from $ 250,000 to $ 1,000,000+.
http://www.patriciaisland.com
The Coves at Bird Island
Located at the south end of Grand Lake, the Coves at Bird Island covers 662 acres. A gated community, the Coves features a private 18-hole golf course, pro shop, and a 16-acre practice facility. Homeowners are both full-time residents, primarily retirees, and weekend enthusiasts. Growing for more than 25 years, the community is a mix of luxury waterfront residences and comfortable homes on the golf course. Residents enjoy fishing and boating, plus 24-hour security, swimming pool, tennis court and club house. Homes range from $ 200,000 to $ 1.5 million.
http://www.thecoves.com
The Preserve
An eco-friendly paradise describes the Preserve at Grand Lake. Lots are hand cleared to save trees, and green building is encouraged. Redbuds, dogwoods and oak trees add to a botanical garden-like atmosphere along the shore. The private, gated community features custom homes – residents may choose any builder and build when ready, following established covenants to protect value. Located on calm water, but close to public activity, the Preserve features 53 home sites on 40 acres. Sales for this community began in early 2008. Lot prices range from $ 59,900 to $ 300,000 and include boat dock at the Preserve’s private marina.
(they want to use the web address from their ad?)
Melody Point
Melody Point is a gated community tucked in the woods and along one-half mile of Grand Lake shoreline. Oak trees line wooded trails, and waterfalls cascade from six large, tiered ponds to make the most of the natural setting. This private, gated community features mission-style exteriors with native stone foundations and fireplaces, plus a maintenance-free lifestyle. Amenities include a hot tub, heated pool and cabana area with cooking station. Margaritaville is Melody Point’s entertaining area on the dock featuring grill, ice maker, sink, refrigerator, and fish cleaning station. Private boat ramp and boat slips are available. Homes range from $ 300,000 to $ 600,000.
http://www.melodypoint.com
Crown Pointe
Located on Monkey Island, Crown Pointe offers luxury residences in a condominium setting unlike any other. Quality construction is evident throughout, including such details as cultured granite, fireplace, entertainment center, wine bar, hardwood floors, Bosch appliances and Moen fixtures – all standard features. Developer Grand Crown Ventures brings a background in luxury, 5-star hotels to the project, creating a maintenance-free environment characterized by luxury and convenience. Boat slips and garages are available for purchase, and two pools and an outdoor living area provide comfortable space for socializing at Crown Pointe. Covering 8 acres with 1500 ft. of waterfront, residences range form $ 275,000 to $ 950,000.
http://crownpointeok.com/
Red Oak Estates
Only five of 10 waterfront lots remain available, starting at $ 275,000, in Red Oak Estates. Sales for the community began in early 2008, and potential buyers can choose a lot or home-and-lot package. Location is a prime selling point for Red Oak: The community is close to downtown Grove and located on the Honey Creek arm of Grand Lake. Homeowners will enjoy great views, deep water and good fishing in the spring-fed waters. One spec home is currently under construction.
http://www.elderco-realestate.com
Apache Coves
Apache Coves occupies 37 acres, west of Zena for an easy Tulsa commute. Community restrictions ensure home sizes of at least 1800 sq. ft. per home and brick or stone exterior construction. Lots range from one-half acre to three-plus acres in size, waterfront, lake view or wooded. Community docks, accessible by golf cart, add easy water access. Apache Cove’s established infrastructure includes paved streets, underground utilities and several landscape features — statues, fountains, and waterfalls. Homes range from $ 500,000 to $ 1+ million in this gated community.
http://www.elderco-realestate.com/
Amilia Rose Estates
Small and exclusive characterize Amilia Rose Estates, located in Ketchum. The community encompasses 10 lots; only six waterfront lots remain available. Lots start at $ 215,000 and have only been available since January 2008. Amilia Rose Estates offers views of the main lake, plus cove protection and deep water. Home-and-lot packages are available with developer Phil Sinor, or you may purchase a lot and choose a builder. City water and paved roads provide convenience in this private, gated community.
http://www.grandviewrealtyinc.com
Fox Pointe
Fox Pointe is located on 2700 sq. ft. of waterfront on the south end of Grand Lake, a one-hour drive from Tulsa and less than a mile from Duck Creek restaurant and marinas. The community features 30 lots. Fourteen lots are sold with 30-ft. covered boat slips, and 16 feature waterfront locations with the ability to apply for a permit to build a dock to your own specifications. Lots range from one-half to one acre in size and $ 80,000 to $ 275,000 in price. The developer, Concept Builders, a custom homebuilder from Tulsa, will sell lots or custom home-and-lot packages.
http://www.foxpointegrandlake.com
The Peninsula
Formerly known as Shangri-La Resort, The Peninsula Resort & Club offers residences, a four-star luxury hotel, conference center and more, tucked on a 7-mile wooded peninsula. A state-of-the-art, 500-slip marina, wellness center and spa create your choice of recreational activities – in addition to the Peninsula’s championship course, rated as 4.5 stars by Golf Digest. Covering 1,300 miles of shoreline on Grand Lake and 415 acres of wooded landscape, homeowners enjoy gorgeous views and resort advantages — concierge, fine dining and maid service. The Peninsula offers 76 residences (2, 3 or 4-bedroom), each luxuriously appointed, and an optional rental management program.
http://Www.peninsulagrandlake.com
Dripping Springs Landing
This brand-new development located in Dripping Springs features waterfront lots for less than $ 100,000. Two log-sided spec homes are available for purchase, both with one year’s free slip rental. Roads are currently being constructed for this new community on the east side of Grand Lake.
http://www.grandviewrealtyinc.com
Why is Investment in James Island Real Estate considered to be a worthy move?
Article by Gautam
There are a wide range of options to choose from if you are interested in investing James Island real estate. There is more than one reason for this investment to be considered a worthy move.
Robin Rooke Way, Sol Legare Rd, Folly Road, White Point and Maybank Hwy are some of the sites for some wonderful houses. Investment in James Island real estate could be a great decision considering what is on offer. The area is full of residential houses, located just five minutes from Charleston which is a place of historic significance. The area with its lakes and lagoons is famous as a water sport area and was the summer retreat for many in the past. The beautiful countryside is lined with oak trees and dotted with tidal creeks. Those who enjoy vistas of the water would love the sceneries. There are plenty of celebrations all around the year. Parks spreading over hundreds of acres are another specialty of the area making the houses ideal for families with their kids growing up.
The pristine properties in James Island real estate are sometimes spread over acres of green land. Residents of the houses can enjoy wonderful views of Stono River, the King Flats and Holland Island Creek. These views combined with the green spaces make the residential area well worth the dollars. There are some beautiful homes with classic plans that provide proximity to docks where the views of a grand harbor can be enjoyed. Driveways, marshes and live oaks are all part of the vista that one would get to enjoy with a beautiful house in this area.
James Island real estate is undergoing some great development and the waterways ensure that the boats aren’t too far away. Personal boat ramps are a great attraction for those looking to invest in this part of the world. The boat ramps could be a great investment. Houses with private floating docks and sea walls are something which could only be imagined elsewhere but not here. In fact, residents of the house can spend mornings and evenings enjoying views of the Morris Island lighthouse and tidal creeks that draw awe.
Some of the properties of James Island real estate are flawless having been designed by architects of great repute. These properties with their houses beautifully nestled in tranquil areas with marsh-front streets allow the residents to enjoy the tranquility of a splendid area. The houses also boast of massive backyards that bring the freshness of the nature into the house ensuring that spring isn’t ever far away. The interiors of the houses are beautifully designed too. The décor is spectacular with hardwood floors that add grandeur and class whenever they are used. Lighting fixture and high ceilings complement the beautiful bright spaces lined with lots of windows.
The sublime countryside charm of James Island real estate is ideal for those who treasure tranquility. The site is great for developing farms where one can spend quiet, peaceful days especially after retirement. The shops aren’t too far away and neither are the restaurants. The tidal creeks and water bodies, pedal boating and kayaking sites and fishing and crabbing docks ensure that one can get all the relaxation that is desired
Find Caribbean Island Real Estate
The quaint district of Rose Hall, Jamaica – just minutes from Montego Bay’s International Airport – is home to The Palmyra: the finest Caribbean real estate for sale. Boasting palm-lined white sand beaches, clear blue waters and a pristine hillside setting, the Palmyra is truly in a class of its own.
Spectacularly located championship golf courses are within your grasp; an unrivalled choice of water sports rests temptingly just steps away; the attentive staff of the private spa await your visit. Nowhere else in the Caribbean does one find the selection and quality of activities offered by The Palmyra at Rose Hall, Jamaica.
Just imagine: after a morning golfing on a world-class course, you spend the afternoon snorkeling or scuba diving amongst the dolphins and tropical fish. Then it’s time for some pampering at an award-winning heath spa. Next, fully energized and rejuvenated, enjoy a fine meal and glass of wine at the local bistro. If you live at Jamaica’s The Palmyra, such days are no longer mere fantasy; they are yours for the taking. Is it any wonder this remarkable development is considered the finest Caribbean real estate for sale?
An investment in The Palmyra is more than just an investment in Jamaican real estate. It’s an investment in a Caribbean island lifestyle… a lifestyle of luxury, relaxation and pampering. You’ve worked hard all your life. Now it’s time to reward yourself – to escape the stress of everyday life, to free yourself from the shackles of work, and to allow yourself the luxury of putting your needs first.
You deserve the best. And that’s what you’ll find at the Palmyra: the best beaches in Jamaica, the best golfing in the Caribbean, the best spa… anywhere. It’s all at The Palmyra. The finest real estate for sale in the Caribbean.
Pawleys Island Real Estate – A Great Community
For people who know that Myrtle Beach is a great city, it can actually be confusing to hear that it is one of the prime residential cities in the country. Here is the problem. Myrtle Beach has a reputation for being the ultimate vacation spot. The city actually brings in billions of dollars each year from the tourist industry alone. When you consider the world class golf resorts, such as Grande Dunes, and the beaches, it’s easy to think that Myrtle Beach is actually nothing more than a vacation spot. This is a misguided perception of this South Carolina city. If you are looking for a quiet community to live in with plenty of facilities and amenities, Myrtle Beach is a great place to settle down. A great market in Myrtle Beach is Pawleys Island real estate.
If you know about real estate, then your first question about Pawleys Island real estate is going to concern the kind of people who live there and why they choose to live there. To begin with, this community is an adult community with plenty of golf courses, quiet walks, fitness facilities, and tennis courts. This is the kind of community that appeals to people who have worked to live the kind of leisurely yet active lifestyle that only top notch living can offer. This is a quiet community that still offers plenty of activity.
Another great feature of Pawleys Island real estate is its proximity to all of the action in Myrtle Beach. Sure, you are separated from the bright lights and crowds of tourists, but you aren’t that far away. As a matter of fact, you are only a short car ride away from all of the action. This also makes this adult community a perfect place for those who want to live in peace and quiet but who want to go out and enjoy some entertainment and fine dining now and again. You should also remember that when you are in Myrtle Beach, you always have the coast right there whenever you want to be close to the ocean.
If you are ready to get serious about Pawleys Island real estate, make sure that you get a real estate agent who understands your needs. You will be able to find the perfect house in the perfect community for the right price, but you have to be sure that your agent is in tune with you.