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(Westchester county news) Bulgarian Real Estate Market is Ripe for the Picking. PDF Print E-mail
Westchester County NY News and Events
Written by Webmaster   
Tuesday, 13 March 2007

Bulgarian Real Estate Market is Ripe for the Picking.


Little more needs to be said about the Bulgarian real estate market than "perfect" for buyers. Current prices on Bulgarian real estate have awakened a new crop of investors lining up to take advantage of current market trends.


Low prices combined with a very low cost of living have made the Bulgarian property market a sea of investment dreams. Out of country investors are wasting little time in snapping up properties that can show capital gains once the market turns around.



With three bedroom-detached homes with a sea view listing for a mere 100,000 Euro it is no surprise these homes are flooding the market. With this in mind, people from all over the world are purchasing these properties either as private homes or for development and rental purposes.



Recent changes in the constitution rule that people from foreign countries can own buildings in Bulgaria but not land. There is a way to thwart this rule by setting up a company in the country that will own the land while you own the building or buildings that comprise the property.



The political and economic situations have undergone recent overhauls. The climate has become stable, which is very good for Bulgarian real estate investors, as the former communist country seeks entrance the European Union. This is expected to occur in 2007 as the country continues to experience positive economic growth with the stabilizing political situation.



As with all real estate markets, the Bulgarian real estate market can change at any time. This speaks to the speed in which investors and private home seekers should use when looking for properties. The time may come when a sellers market rules and demand far exceeds supply which will drive prices to the highest extreme. Check with local property agents for the latest listings of homes and properties throughout Bulgaria.

About the Author


Surrinder Ahitan's website Bulgarian Property Advice
provides detailed information and advice on the most lucrative areas to invest in Bulgaria. You will learn how to get around, get a flavor of the language, history, culture and more.

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(Westchester county) The house must appeal to the real estate.... PDF Print E-mail
Westchester County NY News and Events
Written by Webmaster   
Tuesday, 13 March 2007

The house must appeal to the real estate agents as well as the buyers.

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(Westchester county) Real Estate Investment Requires A Team PDF Print E-mail
Westchester County NY News and Events
Written by Webmaster   
Tuesday, 13 March 2007

Real Estate Investment Requires A Team

I had a hard time at first with real estate investment. One of the reasons was that I tended to be a "lone wolf," trying to do too much myself. I've since learned that to really do well investing in real estate, you need to have a team of people you can trust and rely on. Here are some possible team members, and what they need to be on the team.

1. Real estate agent. A licensed agent with experience in the area you invest in and access to the MLS (Multiple Listing Service), can be a great help. If she is a seller's agent, she can still ethically bring the best deals to you once she knows you're a serious buyer.

2. Real estate attorney. This should be someone familiar with the laws and legal customs of your area, and have experience with the type of deals you intend to do (If you are buying rentals, she should be familiar with doing evictions, for example.)

3. Accountant or bookkeeper. Keeping proper books for real estate investments is getting more complicated with all the tax-law changes. Find someone that understands the law, and what you want.

4. Mortgage broker or banker. The first can offer many options, but the second can make the loan decision. Each has their advantages, and you could use both. In either case it's important that they understand what you want (fast closings, lower interest, corporate loans?)

5. Appraiser. Not only can a good appraiser give you an accurate valuation of a property, but they should be able to suggest ways in which you can raise the value of a property. Use someone that will talk to you.

6. Inspector. In some areas it is easy to become an inspector with little experience. It's best if you use one that is or used to be a contractor, so he can find the problems AND give you some idea of the cost of repairs.

7. Insurance agent. A good one will understand what you want, and find ways to save you money. Insure all your properties with one agent, and you're likely to have discounts available, and better service.

8. Escrow officer. They will usually be with a closing company. Look for someone that's efficient, and can explain things clearly to both sides. If he is confused by a slightly creative contract, he should educate easily or be replaced.

9. Cleaning person. Having a trusted person or crew ready means a fast turn around when you buy a rental or rehab project.

10. Property manager. Be sure that the company you hire has exerience, is responsive, and will have time when you call. A good property manager can tell you BEFORE you buy, what you should get for rent in a given area.

Real estate investment is less stressful and more profitable with a good team on your side.


About the author:
Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com


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(Westchester county events) Welcome to TKPSITENAME PDF Print E-mail
Westchester County NY News and Events
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Tuesday, 13 March 2007

Welcome to TKPSITENAME
If you've read anything at all about Content Management Systems (CMS), you'll probably know at least three things: CMS are...

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