Vancouver Real Estate - Prudential Realty
0
home,blog,ajax_fade,page_not_loaded,,qode-theme-ver-7.5,wpb-js-composer js-comp-ver-4.5.3,vc_responsive

Prudential Realty

23 Mar Buying property for development: A complete guide

As a property investment mentor, Glenn Armstrong has over a decade of experience in buying properties for investment purposes. Glenn’s first advice for all of his property development students on his training website (http://thepropertycourse.com) is to make sure to choose the best property.

Glenn has always been keen to highlight that despite 2012’s financial crisis, property development can still be an extremely lucrative income source for entrepreneurs if they select a great property.

As a property developer, here are three key items to be aware of if you want to become successful:

1) How to select the best property
2) How to develop the property
3) How to finance the development

How to select the best property

As obvious as it sounds, you should buy a property in an area that you know. Buying in an area hundreds of miles from home may appear attractive, but can you get to and from the property easily?

Buying a property that has good transport links and in close proximity to schools, supermarkets and hospitals is a great idea. These properties are more attractive to both potential buyers and rented occupants.

How to develop the property

Firstly, you should remove your own emotional attachment to the property. Rather than developing the property to suit your own tastes, you should use neutral décor that appeals to the widest number of potential occupants.

If you’re developing for rental purposes, you should consider converting the property to a House in Multiple Occupation (HMO). HMOs are very popular in university towns, where house shares are in the norm. In addition, HMOs can be extremely lucrative with the rental income being generated by several people.

How to finance the development

As a developer, you have a choice of property development loan options:

1) Buy to sell mortgages – If you have a large deposit and excellent credit history, then a buy to sell mortgage is a possibility. These mortgages have long repayment terms and are a more traditional finance method for developers.

2) Bridging loans – If you need the money quickly, then a bridging loan is a good choice for you. Bridging Loans are short term loans which are available even if your deposit is small. You can even use your current development property as collateral for a bridging loan.

3) Joint venture investors – Rather than a loan, JV investment involves obtaining funding from partner; usually willing to do a profit share agreement. Experienced property developers are often potential JVs and can provide help and advice as well as money.

 …

Read More
bg_slide_2.jpg

07 Mar The Truth About Boom in Real Estate

Volatile Market

The real estate market has seen an exponential high in the past few years. This rise has led many people to invest in the real estate market but now the market pundits are saying that such a high rise in investments has now lead to such an increase in the prices of real estate that it has now become unaffordable to many people and thus the market has now become so unpredictable that it can collapse anytime.

A west Vancouver realtor claims that this kind of appreciation may not lead to an immediate crash as there is no national real estate market and all the statistics are local which are put together for national data so any boom will always relate to local real estate market which differs from area to area.

Increase in Interest Rate

One of the main reasons everyone is saying that the real estate boom will end is due to the increase in interest rates. The gradual increase in interest rate will not hurt the real estate market on the contrary the increase in interest rate helps the market as the boom or bubble in the market happens when there is speculation which in turn increases the price of the property. After a period of time the prices increase to such an extent due to the speculation that the buyer stops buying property either due to non availability of funds or he does not want to buy property anymore as it is very highly priced. Thus the market comes crashing down, but then the interest rates are increased to give a cooling period for the prices and wages to catch up.

Conclusion

In the end it is very safe to say that the real estate boom is here to stay, there may be some reduction in the prices and it may continue for some time but that is only due to the market taking a break and this may also bring the markets to the level of the buyer to buy and continue to exist as such. The boom in real estate is here for some time and if negative external factors such as war, pan endemics, terrorist attacks which affect the entire economy continue, they may be influential but until then the local factors are of more importance. The buyers’ confidence in real estate market as a sound investment to get returns on money invested is the mainstay of the real estate market boom.

Read More

19 Feb Advantages of Having Orlando Realtors

Are you searching for a home in Orlando? It would be best to have a realtor represent your own interests and ensure that you get the best deal. If you employ a realtor that may help you, there are many advantages to be enjoyed.

The realtor virtually charges the vendor and not the client. This means that having a realtor working for you, it is not going to affect the buying price of the property that you’re buying. Your Orlando Household Search realtor will look after your interests. Concurrently, keep in mind that a sales representative is not a realtor because he/she works intended for builders or dealers.

The job of a realtor is to provide investment advice. They will check out your property as a sort of investment and would do everything to ensure that you get the complete worth of one’s money when creating a purchase. They will also check the home and property to ensure that you get the best possible ROI inside long-term. Orlando Realtors have been wanting to buy a long occasion and know which usually properties accrue benefit and which don’t.

Your realtor will likely help in determining your purchasing energy. He/she will ask you for a few basic information for example your income, active debt and personal savings. In addition, the realtors may refer you reliable and certified loan companies.

If you include any concerns, your Orlando Realtors would be able to address all the points towards the seller or constructor. Being experienced, they would know how to cope with the seller. This is something that you should not expect the seller’s representative to accomplish for you.

Realtors will likely help with the house search. Many situations, there are great properties which can be not advertised available on the market, but are offered. A realtor may provide you detailed info on a house, which can be not possible when you search yourself. The reason being they have access to many resources because of the vast experience. They can also provide info on the local community, the utilities, universities, zones and other facilities that you simply cannot find alone.

You would certainly want to ensure that the environment is safe in the community where you could well be buying a residence. The realtor will likely help you determine should the property will give a resale value per your expectations.

Moreover, reputable Orlando Household Search realtors will show you precisely what you will probably pay monthly to the mortgage. They have zero benefit in hiding any costs because most of their business runs on referrals along with repeat business. The last thing they’d want is of which their client become upset about the excess payment they have to make.

If you’ll be able to find a skilled realtor, they can provide tips for saving more and obtain more amenities in the sale. In add-on, if you making the effort to buy a property after selling your property, your Orlando Realty can further assist you with the sales.…

Read More
real estate HDR peregian springs

21 Jan Content Marketing for Realtors

Helpful information, delivered via a range of content marketing programs, is an efficient method to provide methods and quality data to your customers, company or whether people -to-business (B2B) customers. They would like to purchase products that assist them and/or their businesses work efficiently and effectively. These clients do not wish you selling to them instantly – they would like to make educated buying decisions on the basis of the evaluation of the quality data which the marketer, you, give them.

Listed here are ten content-marketing programs you should use to teach potential prospects and clients relating to services and your products. These stations will help you in delivering methods to your target audience, who make purchasing decisions.

Check out this great way of marketing from burnaby real estate agents.

Email

Your email promotions should be in a definite, basic content that’s easily understandable. Ensure that your emails don’t contain annoying, annoying design. Additionally, make certain they offer appropriate, high-price data.

Reviews

There is just a study a regular type of business communication. These company studies quantitative data and combine qualitative in a logical structure. They serve as essential business documents as you are able to use to supply upto-day, comprehensive information to potential consumer or a customer. Like emails, they have to be written.

Posts

Posts are educational and interesting papers that you simply fill your company website with regularly. You may also include your website and posts. Additionally, you are able to submit articles in industry publications you realize your visitors read. Moreover, you are able to deliver regular articles to potential prospects and clients to provide them information and information that helps them within their decision making concerning purchases.

Whitepapers

A great whitepaper gives your visitors a brand new perspective concerning methods to their problems. They emphasize services and your goods within an intelligent way, concentrating on providing information, details, and so that show the potency of your goods and/or services.

An excellent white paper concentrating on clients’ needs gives credibility to your business as well as you. White papers are data files that reach people away from standard sales process.

Case Studies

With case studies, you are able to gather data and data through various sources. Including findings interviews, real things, and/or even the evaluation of archival data. You should use a mix of the various resources to produce an educational, useful example. Furthermore, you are able to contain quantitative information as is possible.

Essentially, it is just a brief, to-the-stage, simple tale having a realization that delivers an answer. A great example helps readers identify with the problem. They observe their condition in the history of the event study.

You attract the audience in to the example with details. The example then provides initial methods to assist the audience. Basically an information record, a helps people make decisions depending on quality information. It may help faster decision making.

Events

When they believe that it is certainly advantageous to them and/or their business, people you wish to relate to will attend your function. Thus, a meeting you maintain must have a speaker who’s a a list expert on the subject additional business experts are thinking about.

Telephone

Before you place a mobile call to know whom you are calling a company, as well as the problems they’re experiencing within their company. Contact like a follow up after delivering a written report, example, white paper or following the person has joined your event.

Direct Mail

Send relevant material. An easy one page direct-mail notice in an ordinary #10 cover works the most effective. Ensure the notice includes a brief and distinct present for information. The primary present of one’s direct-mail connection will include stories centered on reports, white papers.

The Downside

Utilize the above content-marketing programs properly. Allow them be your resources to teach others on why they’ll offer methods to their needs and what you’ve to provide. Convince specific clients with that the wish would be to assist them using their problems and issues which you conduct business.

Remember, your goal will be to teach originally, through the procedure, as well as in your concluding presentations. Continuing education can also be important in after-sales support, with info on product improvements, much more, and new methods for utilizing a solution.

In the event of enterprise-to-business (B2B) clients, convince them that the target is assisting informed purchasing decisions that transfer an organization forward. Convince them that you are not really a one-hit wonder – who progresses offers, and does not worry about the real requirements of the client.…

Read More
IMG_9835

14 Dec How to Find Good Concrete Contractors in Your Area for Real Estate

Although concrete jobs look the same and easily manageable they tend to differ in nature. There are various factors which affect the way these tasks are carried out and how they affect the end results. Naturally, you need the services of high quality concrete contractors who are experienced, skilled and supremely professional. You can use the following tips to find good concrete contractors in your area.

Ask for referrals

Referrals can be a good way to know about the best service providers. Ask your neighbors, colleagues and friends and know whether there is any dependable construction company that they would recommend. You can get information about any specific concrete contractor that you wish to go with. Similarly, you should also ask your contractors for referrals and get names of their previous clients you can get in touch with.

Check local hardware stores

You can also visit construction supply and hardware stores in your locality, and ask the staffs whether they know good concrete contractors in the area. There are numerous companies and private individuals which often put bulletin boards within these stores to advertise their services. You can ask about the rates, construction methods and other details to arrive at a decision.

Check online directories

You are also likely to get good results with an online directory which lists the names and contact details of contractors in the locality. You can also find links to the websites of the contractors where you can get an idea about the kind of work that they have handled earlier. It is a good way to know whether the agency has handled the type of work that you wish to get done.

Check local Yellow Pages

The listings in Yellow Pages for your locality are also a good way to find lots of Vancouver concrete contractors in your place. There is one problem with these listings, considering the fact that these service providers are completely unknown to you. But you can conduct online search with the names of specific providers and check customer reviews and feedbacks on social networking pages, web-based consumer forums as well as different product and service review websites out there.

Make search engine queries

One of the simplest ways to find good contractors in your area is to conduct local searches on Google, Yahoo, Bing and other search engines and find out official websites for contractors. Most agencies have websites these days, and you can check portfolios, client testimonials, types of services and other important details.…

Read More
Apartment interior

06 Dec Knowing Your Local Market Pays

Having a good understanding of the real estate market in your area is very important when thinking about buying or selling a home.
We have found through the Vancouver Association of REALTORS® some great information designed to help buyers and sellers understand our local market. All of our Agents are experts in the Real Estate Market in Vancouver. We work to provide you all the information on our market for the month.

Sold Listings

  • It is good to understand how many houses have sold in our geographical area compared to past years in order to determine what the popularity in the area is.
  • Buying when the housing market is slower has some advantages:
  • Sellers will set lower prices
  • Sellers are more likely to accept offer that are less than their original asking price
  • Less competition with other buyers
  • These things will normally result in a great deal of savings for the buyer.
  • Contact Us and we will help you navigate the local market to get your dream home for the best possible price.

Average Sold Price Vs. Original List Price

Average Sold Price versus the Original List Price (OLP) will normally be lower the longer it takes to sell the home. Understanding how to price your home properly is important when selling your house, if your house is over-priced homes take longer to sell. Consult with a Real Estate Agent that is an expert in the local market, they will help you set a more realistic price for your market and can help you to sell your home faster so you get a better return. Contact Us and we will help you navigate the local market to get the best possible price for your home. View the graph below to view the Vancouver sales of existing homes and median prices.

Vancouver Sales of Existing Homes & Median Price

Days on market matter. It is the number of days a listing is active before an offer has been accepted by the seller. Many agents refer to “average days on market,” which is derived by adding all the days on market of each listing and dividing by the number of listings. In a buyer’s market, the DOM are generally higher because inventory takes longer to sell. In a seller’s market, the DOM are fewer. Consult with a Real Estate Agent that is an expert in the local market, they will help you set a more realistic price for your market and can help you to sell your home faster so you get a better return. Contact Us and we will help you navigate the local market to get the best possible price for your home.
Dollar Volume of Sales – Down 5% in 2011, and Up 3% in 2012…

Read More
q

06 Dec Best Home for You and Your Family

If you have any questions or would like more information about anything please Contact Us. If you are planning on buying your next dream home visit our Home Buying page or if you are planning to sell your home visit our Home Selling page.

Thinking of a better home for you and your family? Families grow quick and before you know it you have a bunch of little children running around. If you’re rapidly running out of space, or if you’re planning on having a family, then up-sizing to a larger home could be your best bet. However, there are a lot of other things you’ll have to consider when moving your family from one place to another.

  • Discuss: Make sure you plan this out well-ahead of time so you know that you’re making the right decision. First, make sure that you have the resources to move, if you don’t, then you may have to save up before you can do so. Discuss to your spouse about the possibility of a move, and see what they have to say. Once you and your spouse have discussed it, then talk to your children. Your children should have a say in this decision, and reinforce the fact that a new home would be better for everyone.
  • Looking for the best home: When looking for a home, bring your children along with you. Hire the expertise and assistance of areal estate professional and check out a few homes. Ask your children what they like about the home, and ask them what room they would like best. If you don’t have children yet, carefully check out each room and try to imagine a family living in there.
  • Look outside the home: You’re going to have to take a look around not only inside the home, but also what surrounds it. First, check out the backyard and see if they it is child-safe and big enough for children to run around (remember, children like to play outside).
  •  Afterwards, take a stroll around the neighbourhood: Walk to the nearest park and check it out, and if there are parents already there, ask them how the neighbourhood is. As well, take a drive to the local schools, malls, grocery stores, community centre and parks, and take that all into account for your decision.
  • Using your real estate professional: Without a doubt, your real estate professional has sold homes to families before, so ask them what they think is the best home for you and your family. They can show you and teach you a lot more things than you know.
  • Keep up constant communication with your children: Even though some children would be excited to move into a new home, that doesn’t mean they fully understand why or feel good about leaving the only place they’ve known as home. Explain to your children, and reassure that the move is for the better.

Older children and teenagers may be a bit rebellious and angry because of a move, especially if they are leaving their close-knit social circles. Never fight with your child and understand their frustrations, and try to keep up communication as much as you can. This should be a fun and exciting family experience, not a stressful one.

After you have done all your research and made a decision, make sure everyone in your family is on board and start the packing. Remember, don’t forget to ask your real estate professional for help and advice, that’s what they are there for.…

Read More
We work closely with you and carry out research to understand your needs and wishes.