Buying a Hotel Lifestyle in Tulum Mexico

So I have to admit it’s always been our dream to own a hotel on the beach in a tropical country. We both, my wife and I, come from hardworking middle-class families on the East Coast of the United States. We have lived roughly fifty years working the same nine-to-five, and we’re ready to get out.

We visited Mexico for the first time in the late nineties when, ironically, American Airlines offered a very inexpensive flight there for a span of about two weeks. We jumped at the opportunity, both requested a short leave from work, and flew down to Mexico merely on a whim. After seeing the people, the culture, and the natural beauty of the country, or fascination quickly turned into an obsession.

We have continued to go to Mexico since then and usually aim for a small town called Tulum which sits near the glorified Cancun. We tend to like Tulum for a number of reasons, primarily because the white sand beaches are among the best in Mexico and very rarely do you see anyone on them. The small, luxurious hotels that line Tulum’s coast are the perfect fit for us.

So it was only recently, during one of our visits to Mexico that we noticed a sign on one of the resorts that read, in English, Hotel for sale Tulum. Seeing this sign might have been the best thing that ever happened to us. From that moment forth, my wife and I became intoxicated by the idea of becoming hotel owners, more specifically, ‚hotel for sale Tulum‘ hotel owners.

We inquired from the Hotel for Sale Tulum sign and spoke with a nice man from the United States who listened as we gave him our story. „So we were walking down the beach,“ we said, „and the sign, ‚Hotel for Sale Tulum‘ just popped out at us.“

Anti-climactically, the hotel for sale Tulum was far out of our price range at a mere five million dollars. But that didn’t stop our search as we looked far and wide, during many long walks on the Tulum beaches, for a new Hotel for Sale Tulum sign of our own.

And then alas, just last May, we found it.

My wife and I decided to quit our jobs, having saved up a decent amount of money selling many of our once-material things that we loved: our cars, our small boat, our second home. We sold it all in the name of that sign: Hotel for Sale Tulum.

We moved down to Tulum for good, just five months ago to start our new lives as Tulum hotel owners. The feeling is one of liberation and excitement, every day we wake up and see the waves crashing near the hotel steps. We take absolute comfort in meeting new guests every day and relaxing with them by the hotel pool.

Tulum isn’t for everyone, but for us it was a blessing. The Hotel for Sale Tulum sign certainly changed our lives: as we’d probably still be in the grind without it.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Evelyn Milner

5 Common Mistakes First-Time Home Buyers Make

If you are going to buy your first home, you may be excited as well as nervous. This process can be full of complexities. Therefore, you may want to be properly prepared in order to make sure that you buy the best home to satisfy your needs. Given below are some common mistakes that you may want to make during this adventure.

1. Not doing Proper Research

First of all, you may want to understand the needs and finances of your family. For this purpose, you may want to analyze your assets and liabilities. Once you are approved for finance, you can go ahead and start your search for the right house. You should be familiar with your neighborhood as well. Make sure that your neighborhood has quality schools, transport facilities, and other amenities.

2. Opting for the Wrong Mortgage

Before you look for the best house, you should be in the best position to negotiate. Make sure you choose your finance package after proper research. You may also want to use the services of an independent finance broker in addition to your bank. These institutions have access to a lot of finance products and lenders.

3. Waiting too Long

There is no doubt that the prices of real estate properties continue to fluctuate based on the rule of demand and supply. However, if you just keep waiting for the prices to come down, you are putting the future of your family at risk.

So, what you need to do is set your budget considering your future needs. This will help you buy the right house at the right time.

4. Crossing your Budget Limit

It is not a good idea to go beyond your budget limit. You may want to go for a property that can satisfy your budget. Even if you like a house, you should only go for it if it falls in your price range. After all, you don’t want to get in trouble down the road.

All of us want a little more than we can actually afford. So, no matter what your real estate agent suggests, you should never be tempted. Spending more than what you can afford can put you in financial trouble in the near future.

5. Falling in Love

If you have found a house that you have fallen in love with, make sure the seller’s agent does not get even a hint of it. Typically, agents are very smart, which is why they can read your emotions. If you cannot afford a house that you just love, don’t just pay more than what you can afford. You can find a better alternative at the right price.

Long story short, you may want to avoid these 5 mistakes if you are looking to purchase your first home. By avoiding these common mistakes, it will be easier for you to get the right house at the right price. Hopefully, these steps will help you get the best deal without making costly mistakes.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Shalini M

Sell House Now Tips and Information – Learn How to Sell a House Fast

It is now doubt the real real estate market will slow down during the holiday season. This is good for realtors and real estate investors who have been working very hard to help clients buy and sell houses but not so good for buyers and sellers.

If you are in the market to buy a house, December and January can be a good time to pick up some great deals on a house because there are not many buyers. It can also cause an issue for home buyers because the number of available homes typically is lower during the holidays as home sellers don’t want to move during this time.

The cold weather also has an affect on the real estate market. The colder it is outside the less home buyers are out shopping for a great new home and the less number of open houses real estate agents hold. In months when the weather is warm the number of houses for sale increases and so does the number of sold homes each month.

Does this mean you should wait to sell your house until Spring? Well, if you can wait it might be a good idea too, but many home owners need to sell their house now. The truth is life happens and there are many reasons a home you expected to stay in for seven to ten years suddenly becomes a home that you can only stay in for two or three years.

Home owners who need to sell their house fast typically have one of the following reasons: foreclosure, job transfer, divorce, relocation, family illness, short sale, etc. There are many reasons home owners need to sell a home but if you are experiencing any of the above stated issues you are more likely to need to sell quick.

The problem with needing to sell a home fast in the current real estate market is many home owners do not have much equity so selling a house can be very difficult. If you owe more for your home mortgage than what your home is worth it can seem impossible to sell your home. The truth is you still have home selling options. You can have a professional realtor or investor complete a short sale, lease option your home until the market increase or you can rent your house until the market increases and sell then.

It is important that if you are wanting to sell a house you discuss all your options with a real estate professional. Real estate can be a tricky thing to handel especially when you have an emotional attachment to the home. Discussion all your options with someone who is an expert and does not have an emotional attachment can help ease the process of selling a home.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Shaun Greer

Should You Buy a Home Through a Property Auction?

While people watch news of the economy and hold their collective breaths over the future of property values, jobs, and other factors affecting the way we live, you’re probably wondering if now is a good time to consider buying a home. As you search desired neighborhoods, you may become discouraged with sticker prices and decide to wait until you feel comfortable that you can cover closing costs and mortgage, but if you find yourself behind the curve constantly, what then? Is your dream of owning a home one that will remain out of reach? Not necessarily.

Depending on how much a bank is willing to lend you for buying a home, you may wish to look into property auctions in your area for finding a new place to live. Often when homeowners are unable to make mortgage payments on time, or at all, the bank or financial institution owed the money may seize the property and place it on the auction block to recoup any losses. When you research available homes or attend a live auction, you are likely to find homes, condos, and commercial property for sale well below their appraised value. This give bidders the opportunity to buy a house cheaply – it’s not uncommon, either, for developers and agents to frequent auctions to pick up good investment property for a strong ROI.

Should you look into a property auction to find your home? There are advantages to searching foreclosed property as opposed to other sales. Price, of course, is a major determining factor, and if the property you buy needs fixing you’ll certainly need the money you save for renovations. If you buy a home of historic interest, too, you might find you are eligible for certain tax credits for restoration.

Finding information on homes up for auction isn’t difficult, either. A Google search for property auctions will yield a multitude of results – you’ll find real estate companies who deal with specific regions, auction search engines that cover the entire country, and sites that handle commercial properties. When you know the city/neighborhood you want to search, take the time to thoroughly go through available properties and the details before making an informed decision to bid.

If you are serious about buying a home but don’t have the money to handle a high mortgage, taking advantage of a property auction could get you into a home. Research what is out there and make a bid on a fixer-upper or foreclosed home.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by K. Lively

Property Agents Help You Find The Right Tenant

If a landlord has a property to rent out, he has the option of looking for a tenant on his

own. Instead of exploring this option, he can seek professional help to find the right

tenant. It is advisable to hire a property agent though many landlords are tempted to

save brokerage fees. The consequences of not having a property agent are disastrous

as the landlord ends up with a tenant who proves to be a source of trouble. Hire a

property agent who is an expert in the rental business segment to avoid regrets later.

Best price

Since a real estate agent has the latest updates regarding ongoing rates in various

localities, he is able to provide a tenant who pays the highest rent for the property.

Saving in Cost

A real estate agent can place advertisements on behalf of the landlord at zero cost.

He uses his superior marketing services and network to generate leads. But a

landlord has to spend his money on releasing advertisements in the papers to find a

tenant.

Client base

A real estate agent already has several clients looking for a good rental option and

this saves time and resources. His database is useful.

Undue advantage

A real estate agent handles negotiation with the tenant and ensures the terms and

conditions set by the landlord are not modified by the tenant. When a property agent

is involved, a tenant cannot take any advantage or put forth clauses.

Multiple responsibilities

A real estate agent bears all the responsibilities related to the rental

process. Advertising, showing of the property, tenant screening, preparing the

lease document, and collecting funds are his key duties.

Background check

A property agent digs up the past of a tenant – the relationship he shared with his

previous landlord. He is able to know whether the tenant behaved well with his

earlier landlord, paid rent on time, and maintained the property well or not. Getting

the right tenant is the prime reason why you need to hire a property agent. Seek a

tenant who cares for the property and maintains cordial ties with neighbours.

Employment history

A real estate agent can seek employment details and visit his office to verify facts.

He can speak to his employer and colleagues to know the kind of job he has – full-

time, consultant or contractual. His salary figure gives an idea of his capacity to pay

the monthly rent. Stability and tenure of the job are important considerations.

Transferable clients

Many landlords prefer tenants with transferable jobs as the property gets vacated

after a couple of years. A property agent has a long list of clients with transferable

jobs. Even if they do not get high rent, they are happy because they do not have to

go for litigation to get the property vacated.

Support system

Many aged landlords living on their own need tenants who become their support

system. They want to have a family that takes care of them, do many errands for

them. Their definition of a right tenant includes a person or a family they can

approach during emergencies. Some landlords want to have tenants who take full

care of the property since they live far or abroad. A good, educated, cultured family

is what they need.

Restrictions

Many landlords prefer a family instead of letting it out to bachelors who cause a lot of

trouble. The marital status of a tenant becomes the key consideration. A landlord

can specify what he needs to avoid and what he prefers. Once he defines his

expectations, a property agent can filter out the options and conduct a focused

search.

Real estate agents possess information and technology that landlords do not have.

They lower the risk, negotiate well and ensure quick completion of the transaction.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Sanjiv Raktim Roy

It Had Been All Okay With the USA Real Estate Market Sector Until BP Spilled

With such grand economy and huge amount of immigration, the real estate in USA has always been at the boom side when it comes to the high demand to accommodate the immigrants. The total population of USA is 310,034,000 in which 11.2 million are the illegal immigrants. In 2009, 1.1 illegal immigrants were given a legal status: residence. So this trend shows that the international real estate for sale in USA has been high due to the large amount of diverse population immigrating.

The large number of immigrants might face serious problems now for two reasons. One is the BP oil spill and the other is the new Arizona immigration bill. The BP spill along the Gulf of Mexico has affected a great deal of the market in the USA. The major damage has been caused in Florida where there was a sustained international exposure for USA. But now people are reconsidering their options whether they should invest in Florida or not due to BP oil spill. As the potential visitors have been put off, the holiday home sector has been hit hard.

While the in the USA was beginning to recover slowly, it again went into the slump due to oil slick. The construction is zero. The luxury home builders are predicting the downfall of the economy and the real estate in the USA, as the sales declined overall. The sale activity for the USA’s largest luxury home builders has fallen down to 20%. To understand the importance of USA for sale or USA rentals, one needs to understand international exchange. USA listings can help you understand it all.

On top of it, the in USA is suffering the imbalance between the income and rents. Even after the downfall of the USA’s market, the rates of the property are 30 times the annual rent which is way higher than the international rentals. If you are interested in buying the in the USA, then you must know that the interest rates are terribly low as compared to international listings.

So the best way to buy property in this scenario is to wait for higher interest rates. Then you can use the cash to buy a low priced home when the other people won’t be able to buy due to higher interest rates. This will give you a capital appreciation when the interest rate will decline in future.

In the case of the USA, the investors need to wait for the time when the interest rates will increase because buying in low interest rate would never give the desired results and will cause loss.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Taylor White

Looking to Buy or Refinance Your Home? An Online Mortgage Calculator With Taxes Can Help

If you want to purchase a new house, one of the first things you need to know is how much it will cost you and if you are able to afford it or not. If you don’t make sure of it and go for purchasing the house, you may end up regretting it big time in the future. So how should all the complicated calculations be done for you? Well, the good news is you can benefit from using an online mortgage calculator with taxes. This kind of calculator will calculate everything for you including interest rate, principal, insurance and taxes. So if you want to learn about online mortgage calculator with taxes, please keep reading since in this article were going to introduce it to you.

An online home loan calculator is a very nifty and useful tool for both the borrower and the realtor in order for them to be able to enter the needed information and mix and match to get the results they want. When you get a mortgage, of course you will need to pay its monthly payments to the lender which can last for several years. A fraction of the monthly repayment is reserved for any repayment of a piece of the initial loan principal and other part is reserved for the payment of a charge on the interest for a certain rate. There is also an insurance for the homeowner which the lender asks you to possess. Of course we can not forget about the government since it is going to subject you to some texts on your property.

For the insurance and taxes to be put into one payment, an escrow company will manage this operation. So in this case if you use a mortgage calculator, you will be able to exactly know what kind of payments you will have to pay throughout the whole term of the loan and if you are able to pay them or not. You can also learn about insurance and taxes.

Since doing all the complicated calculations of a home loan is a very time-consuming process, being able to speed it up by a proper home loan calculator is what makes it so great. We can change the entered information in the calculator and get different results, this will be resulted in you being able to try out different options with different variables to be able to find the one option which is best for you. There’s no way you can do all of this manually.

An online home loan calculator can also help people who want to refinance their houses. So if you’re one of these people and you want to check out how much money you can save on your monthly payments, you just need to input the amount of the loan together with the wanted lower rate of interest. After this, a number will be given to you which will let you know if your savings are enough for the refinancing charges.

Using an online home loan calculator is such an easy thing which anyone can do, it doesn’t need a lot of informations, you just need to be familiar with the related words and terms of home loans. In the following, you can see what exactly a home loan calculator can help you with:

1. You can learn how much your mortgage payments will be each month which are based on interest rates, you can also calculate the whole amount of the loan.

2. If you want to be able to pay off your whole mortgage quicker, you can calculate what additional payments you can make to achieve this goal.

3. By providing your income information and personal debt, you can learn what kind of a house you can get based on its price.

4. Buy utilizing interest rates and learning on time scales, you will be able to analyze how much more you’ll be able to borrow and if you will be able to pay them off or not.

5. You can learn about a lot of different interest rates of different mortgage loans.

One of the best things about home loan calculators is how easy it is to find them. You can find them on most of loan company’s websites and they are always free to use. So there is not any reason you shouldn’t take advantage of this great and nifty tool.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Mostafa Majidi

How to Buy Real Estate in USA

If you’re brand new to the US real estate market, then buying real estate in USA will not be an easy process at first. While you can find some great deals in the US market today, there is still the possibility of making some costly mistakes.

That shouldn’t stop you from investing, however. It should just make you more aware of the importance of due diligence. Below are the two most important things to consider.

How To Buy Real Estate In USA:

1. Be aware of the tax implications for foreign investors: Your choice to invest in US real estate will most likely depend on the amount of tax that you need to pay when purchasing the property. This includes property, capital gains, and transfer tax.

As a non-citizen of the US, there are certain tax implications that will be involved when you purchase real estate in USA – and additional ramifications when a foreigner sells property in the US.

It’s not all bad news though. There may actually be tax breaks available to you as well. The US is doing its best to encourage foreign investment at this time especially given the tough economic climate.

The main thing you need to know about how to buy real estate in USA is exactly what your tax implications will be, good or bad. This will help you make a well informed bid, and keep your purchase in line with your budget.

2. Look at the local economy: When it comes to investing in US real estate, the local situation is more important than the overall one. Currently, pretty much every city in the USA has been affected by the recession, so your goal is to find one that is bucking the trend.

That means a decent economy, low crime and good schools. What’s even more important than the actual figures, is whether there’s been an increase or decrease in positive economic news compared to prior years. Basically, when looking at how to buy real estate in USA, look for a town that is poised for recovery, not sinking further into depression.

A good indicator of this is whether there is a healthy migration of new citizens moving into the city. According to the National Association of Realtors, some of the hottest US markets for foreign investors are in Florida, Texas, Arizona and California.

If you keep these 2 things in mind when looking at how to buy real estate In USA, you’ll be able to avoid costly mistakes and make a well informed, and profitable long term investment.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Martin Sejas

Houses For Sale in Jamaica – Transfer Tax and Stamp Duty

The transfer tax and stamp duty are fees that are attached to your cost when you are involved in a transaction for houses for sale in Jamaica is usually at a percentage value of the land. Normally the value is in line with the sale price.

The transfer act states that transfer tax is 7.5%. There is a relief an amount of $10,000.00 relief where the value of the land is $150,000.00 or less. The type of home does not matter. It is usually a misconception that Jamaica beachfront houses for sale attract a much higher transfer. This is simply not true. However there are some exemptions to these Jamaican property taxes.

Exemptions

1. Transfers of property by Jamaican Government and Local Authorities.

2. Transfers to government or Local Authorities of Jamaican land for purposes such as roadways and other reservations in sub-divisions.

3. Transfers by way of gifts to approved institutions of property to be used exclusively for charitable purposes.

4. The Principal place of dwelling of spouses (Joint Tenancy or Tenancy in Common) In the event of death only.

Stamp Duty – Payment of Stamp Duty is governed by the Stamp Duty Act. The stamp duty payable on land is approximately 5.5% of the full value of the land/dwelling.

Certification of title:

Once a property is registered it is given identification by way of Volume and Folio numbers in the Register Book of Titles. The original Title is kept at the Office of Titles and entries are made thereon whenever something affecting any interest in the land is brought to the attention of the Registrar of Titles. For example, a transfer, a mortgage, death of a part owner, grants of easement and so on. This is standard for all houses for sale in Jamaica.

The land owner gets the duplicate Certificate of Title on Registration. Duplicate Certificate of Title has to be submitted to the Registrar for endorsement of all transactions affecting the land.

The Conveyance or Transfer of Houses In Jamaica For Sale Exercise

This normally begins either between seller (vendor) and buyer (purchaser) or between either one of the aforementioned parties and a Jamaica real estate dealer or Jamaica property agent. Purchaser or an attorney should inspect the Duplicate Certificate of Title. This is vital as some homes in Jamaica for sale come without sale agreements and hence no transfer might have taken place. A title proves exactly who the owner of the land is.

The usual form of Purchase and Sale Agreement sets out inter alia:-

(1) The legal names, registered address and gainful occupation of the contracting parties.

(2) Full description of the house in Jamaica for sale – including size or actual dimensions, registered location, and the identifying folio and volume numbers of the Certificate of Title, in the case of both registered Jamaican buildings and land. In the case of land with a Common Law Title, the size, description, boundaries and other relevant details.

(3) Purchase Price – in words and figures to avoid mistakes and misunderstandings.

(4) Completion – the effective date when the final payment for transaction is anticipated to be collected and the full sale completed, that is, transfer effected, cheque and titles exchanged.

(5) Cost of transfer – unless otherwise agreed, this usually states that each party should bear half the cost of Stamp Duty, Registration Fee and Attorneys Costs.

Payment of Jamaica real estate agents commission – paid on the Completion of the transfer of title and the closing of the transaction.

Fees on sale and purchase of land

1. Transfer tax – 7.5% of market value (Vendor only)

2. Stamp duty – approximately 5.5% of Market Value

3. Registration fee – Approximately 2% of Market Value (or $2.00 per 1,000)

4. Attorney’s costs – As per Scale – Jamaican Bar Association (effective 1st June 1991)

5. Surveyors Identification Fees:

(i) Values up to $500,000.00 = $1,500.00, thereafter, 0.1% up to 1 million, thereafter, $1,000 per million. Plus Research and Title fee/charge of $400.00.

(ii) Properties in excess of 1 acre or Irregular Boundaries a traversing fee is added. Fee depends on length of traverse.

(iii) If land is outside the corporate area $6.00 per mile.

6. Valuation Fees:

Kingston Jamaica Corporate Area

Corporate Area: Cost $3.00 per 1000 of the market value and $150.00 for travelling and incidental expenses. Minimum fee of $1,000.00 plus travelling and incidentals $1,150.00

Outside Corporate Area – (Beyond 15 miles from Kingston Jamaica) 3.50 per 1,000 of the market value plus travelling @ $3.50 per mile minimum fee of $1,500.00 plus travelling.

7. Mortgage Costs: (Building Societies)

(1) 1% application fee (Saver)

(2) 2% application fee (non Saver)

(3) Life Insurance – amount differs according to age.

NB. No longer will Compulsory Society take an assignment of Existing Policy.

(4) Mortgage Indemnity: 7% of sum being Insured applies when Mortgage in excess of the standard two thirds – 90% Mortgage.

(5) Stamp duty on Mortgage

(6) Registration Fees on the Mortgage

(7) Attorneys Costs

(8) Valuation Fee

(9) Surveyors Identification

(10) First Month Mortgage Payment

Mortgages: – $1.00 per 200 x 25% or 0.65%

These outline all the costs associated with buying houses for sale in Jamaica. It is important that both the vendor and purchaser understand the fees associated with this Jamaica real estate transaction.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Colin Scott

Selling Your House Fast to Cash Property Buyers

Are you looking for the ways to sell house fast? Going by traditional method of approaching a real estate agent and listing your property in the market may take several months to sell your property. Moreover, it also means additional costs. If you are looking for guaranteed sale of your house, there are number of companies who act as the cash house buyers and offer guaranteed home purchase schemes.

How Do these Cash House Buyers Work?

These cash house buyer companies buy houses and properties by making private deals. The biggest advantage of selling house to these companies is they pay cash quickly. Though several companies buy your property without inspecting it, a few other companies may pick and choose the houses they will buy. Most of the times, the cash house buyers offer a quick purchase to the house seller and they offer to complete the buying process in a week or so. In addition, some property buyers may offer sell and rent back scheme. In this scheme, the company purchases the house and allows the home owner to continue living in it as a tenant.

Main Advantages of Using Cash Property Buyers

Selling home in the open market can take longer which can be problem to many people who have immediate cash requirement. The most important advantage of selling home to a cash house buyer company is the speed. These companies apply a sympathetic approach to your requirement and push the house sale really quickly. The purchase is made on cash payment basis and there is no chain.

Several house buyer companies also offer good incentive as part of the cash house purchase deal. For instance, they may offer free legal fees involved in the process. In addition, the home sellers can also save more money as they do not have to pay for a Home Information pack. As this will be a private sale, they need not market their property in the open market. Sometimes, home sellers may opt to live back in their homes even after the sale as these companies may allow them to stay there for a period as the tenants.

Calling cash house buyers can be a good option if you want to sell house fast. There are no hassles involved in selling your house using cash house buyers.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Damien Wilson

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