Buying A Sacramento Home Property In Costa Rica Where Second Homes Are A Good Investment Climbing The Equity Ladder Popular Islands And Beaches Of Thailand Success Of Short Sale Investing
Sacramento, located in the great Central Valley almost in the middle, between San Francisco and Lake Tahoe, is fast growing and a great place to live. Sacramento is just two hours drive from San Francisco and Lake Tahoe and benefits largely from the proximity to the Bay Area. In spite of being so closely located, the Sacramento real estate market is much more affordable than the San Francisco Bay Area market, and is much less congested.
Sacramento offers a variety of housing options to choose from. Sacramento homes range from low priced condos from the $150s to multi-million dollar homes. Homes are available in a broad variety of styles ranging from the modern to historical landmark homes. One can find houses in many neighborhoods that range from low 200’s and up, in various bed and bath combinations.
If you are thinking of buying real estate in Sacramento, now is the time. Prices are still very affordable, and have even come down a bit. As the inventory of Sacramento homes for sale increases, the average days on the market increases as well, giving the Sacramento home buyer more homes to choose from when shopping.
The entry level and lower priced homes are selling more frequently, leading to a decrease in the median home price in Sacramento County. As of March 2006, the Sacramento County median home price was $359,000, up 8.1% from a year earlier. In general, sellers of higher priced homes that have been sitting on the market for long; especially those that have been priced above $450,000, have been forced to lower their prices.
The Sacramento real estate market is bustling now with the rise in the number of homes on the market. The Sacramento county MLS active listings are at an all-time high. All this is good news for the buyers as it gives them more real estate to choose from.
Currently, the real estate market is neutral but is fast heading towards becoming a buyer’s market. So, if you are looking forward to buying a Sacramento home, then it’s a good idea to take advantage of these market conditions today. Sacramento homebuyers now have the advantage of more negotiating power as sellers vie to catch the attention of discerning buyers.
Source: Data Quick Information Systems
If you’re thinking of buying a second home, then you should consider buying property in Costa Rica – as prices are currently still inexpensive, but are rising rapidly.
By buying property in Costa Rica, you’ll be able to take advantage of a real estate boom that’s set to continue for many years to come.
Let’s look at why buying a property in Costa Rica is such a good investment:
Property Prices in Costa Rica are rising
Investors that purchased a $30,000 property 15 years ago, now find that their property is worth as much as $750,000.
Another example of the Costa Rica property boom is the Marriot Corporation, which built the Los Suenos Resort, pre selling fifty condominiums of 2000 square feet for $250,000.
The following year, Marriot sold another fifty at $350,000. This year’s upper end units are being sold for as much as $450,000 to $850,000!
The biggest change in property in Costa Rica during the past decade is that prices have dramatically increased as Costa Rica has attracted more foreign buyers – and prices have doubled, or tripled, from 10 years ago.
Property in Costa Rica is Inexpensive
Despite these huge property price rises, Costa Rican real estate is still cheap compared to countries such as the US. A lovely three bedroom property can be purchased for as little as $60,000, and prices for beachfront properties cost up to 75% less than in US states such as Florida and Arizona.
Property prices in Costa Rica will continue to increase in value over the coming years, but there’s another way to ensure that your properties value exceeds what is already an excellent average growth rate – and here we need to look at location:
The Importance of Location
When buying property in Costa Rica, you need to look at the infrastructure – which can improve an area’s value.
Here are examples of three infrastructure changes that will increase property prices in adjacent areas:
A New Freeway: Scheduled to be completed shortly, which will link the largest metropolitan cities to the Pacific Coast, thereby generating an increased flow of traffic and fueling buying interest in adjacent areas.
A New Marina: The largest marina in Costa Rica,is due to be completed soon in the Town of Quepos.
A New Airport: A new international airport is planned for the town of Orotina in the near future.
When buying property in Costa Rica, being in ahead of the crowd – before an important part of the infrastructure is completed, will enable perceptive buyers to take advantage of price rises after the infrastructure is completed.
If you’re buying property in Costa Rica, (or anywhere else for that matter) then you need to consider location before buying.
Buying Property is Easy
Where else in the world can foreigners come to a country which has a stable democracy, no military, a government that encourages investors with no restrictions, and where foreigners are entitled to the same ownership rights as Costa Rican citizens?
Throw in low costs and no capital gains tax, and its no wonder foreign buyers are looking at Costa Rica. Buying property is Costa Rica is easy – and that’s one of the major attractions.
A Demand Driven Market
Buying property in Costa Rica will continue to be a sound investment, as foreign buyers look for an affordable place to live with a great lifestyle.
Costa Rica is beautiful, and has a great climate with no weather extremes, a low cost of living, no serious crime and an infrastructure that is on par with many industrialized nations.
Buying property in Costa Rica offers a slice of paradise at a cost anyone can afford – and as more buyers invest, prices will rise.
Big Rewards for Savvy Investors!
We’re still at the start of a boom in property prices in Costa Rica, and now’s an ideal time to get in on the action. Buying property in Costa Rica is a solid investment, which looks set to reward savvy investors with great capital gains in the near future.
Buying property in Costa Rica can change your financial future, and if you’re thinking of investing in property, there is no better market to get involved in.
If you currently find yourself in the enviable position of looking to buy a second property then congratulations. The equity that you stand to gain from this purchase can be considerable, just remember to plan properly, to maximize your gain. The first step in this process is to decide what the second home will be utilized for. Is it a vacation home? Perhaps a long or short-term rental? Either way, the more detailed about your forward planning you are, the smoother the process will be.
If you are looking at this purchase as a source of revenue then there are certain steps that you should take to ensure the home will bring in as much money as possible, thereby allowing you to pay off the mortgage quickly. For this type of investment, the cleaner the better. Nice homes are in high demand, and they fetch a good monthly rate. Enough so that the mortgage payment can be made easily with cash to spare. Also, ask yourself, “am I ready to be a landlord?” This will involve the task of finding and maintaining good tenants, and sometimes having to do what’s right for you and your property, not what’s right for the renters. If you have the tendency to be “too nice,” land lording might not be for you.
No matter what your property is intended for, be sure to cover all the bases. Be as diligent as you were when buying your first home. Even more so, you will be able to apply any lessons you learned during that process on the new home, and avoid any mistakes or area of stress that were present in the first purchase. Many people buy a second house only to find themselves buying yet another. Once you start to climb the equity ladder its kind of hard to stop!
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Unbelievable but true – more than two million citizens of the United States are facing foreclosure due to a missed payment or delay in repayment of there mortgages secured giants their property every year! The phenomenon of property foreclosure is escalating in the United States and more and consequently more people are selling off their homes at lower prices than their actual market value to avoid this unfortunate predicament of real estate foreclosure and seizure of the property by the lender organization. This is providing the real estate investors with magnificent opportunities of buying off property at much reduced prices and selling them at normal industry rates, thereby being able to keep a massive profit margin on each transaction.
The phenomenon is given more impetus by the property short sale option that more and more homeowners are availing these days, which helps them avoid foreclosure and losing home. Since the homeowners can conveniently avoid and overcome foreclosure and the consequent forfeiture of their property by the lender entity, short sale is coming by as a very viable option. Short sale in most cases equips the homeowners with the authority of selling their homes at a rate less than what they owe the lender institution, that is, less than the loan balance, thereby clearing off the mortgage balance at a single go. The homeowner, instead of losing one’s entire property to the bank or the mortgage company, becomes entitled to receive whatever remains excess from the short sale proceedings after paying off to the mortgage company.
This, combined with the bank’s willingness to short sale a property, has contributed towards the excess of short sale properties in the market. The bank, by encouraging short sale, also saves a lot of its effort and money, which otherwise would have been spent on conducting a foreclosure auction, refurbishing the property, finding an investor, and so on and so forth. The two factors have flooded the market with valuable property options, which provides the ideal platform for the US realtors and foreign investors to invest here. As a real estate investor, you can find yourself some good short sale companies, who will assist you in every aspect involved in closing a successful short sale deal.
The short sale experts also offer you assistance in negotiating with the seller party and save you the otherwise involved hassles. You can simply relax and take count of the money the industry can fetch you. All you need to do here is simply contact the best short sale expert company and supply him with all the needed information that will help them negotiate each aspect of the deal. You can initiate with buying some of these properties and see what benefits and profits each of them reaps you in no time at all. The further impetus is provided by the increasing demand of real estate in the United States, which foresees no decline in the recent future.
Possibilities are abundant in real estate in the US and greater are they if the property under consideration is a product of short sale. Massive interests and huge benefits – this is what the industry believes and this is what you to can get..
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