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Category: Real Estate

The rising star real estate company in India- Mona Townships

Amidst the slowing economy, decreasing real estate demands, falling share market of India, every day or the other we keep hearing here in India that the boom in the building real estate is almost gone. Driving your car in Delhi, India and the stuck in traffic jams on the city roads you wish to listen to some soft live music on the radio and there comes and advertisement from a company XYZ promoting its awesome flats of 2 BHK and 3 BHK as never seen prices, you come to know how desperate they are to sell even a single unit.

A single 2 BHK, Bedroom Hall Kitchen in India around Zirakpur/ Chandigarh around an year back could cost you around 40- 45 Lakh Indian Rupees, but after the slump and the fast decreasing demands in this sector, we see builders coming up with various offers such as a car free with a 2BHK flat in zirakpur, straight 30% discount. 20% down payment and the rest you can ask the bank to keep chasing you.

Some might even offer their kidney if you buy a flat. Sorry, jokes apart, but the lucrative offers are too true to be believed. The real estate mafia here in India would almost do anything to get their flats sold. Take an initial payment from you invested and promise you a possession in the coming 2 years deadline, and then you keep waiting for them to finish the buildings on time and give you the possession.

Yet amidst these suppliers or the so called big giants of real estate, you will find a few good players in the middle, who stick to their very basics and try to give you the best of the value for your money. One such name is Mona Townships Pvt Ltd. Mona Townships is a private limited company with its registered office in New Delhi, India and focusing on one of the most fast developing and demanding areas of India.

One of the prime projects developed by Mona Townships MTPL, under the expert directorship of Mr. Setia and his intellectual sons, Sagar and Akash Setia, are and . The apex projects were almost booked for a great percentage at the time of starting itself and the demand and acceptance of these flats were so good that the company planned for a similar growth under the same name as Mona Greens II.

The success of these flats can be heard from mouth to mouth the VIP road in between Zirakpur and Chandigarh. Mona Townships, the rising star in the sector of real estate in India and the Tricity.

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The Famed Simultaneous Closing in Real Estate Investment

There are many ways to close a deal in real estate investing. As a foreclosure investor youve probably heard of the famed, simultaneous closing, when purchasing a property from the homeowner. Its a great way to make a profit on your time and effort without using your own money to purchase a property.

A simultaneous close is when you buy the property from the homeowner and then immediately turn around and sell that property to an investor. You very often are only on the title of the property for a few minutes at a time. Plus, you can often arrange the deal so that you end up buying that house with your investors money!

How the Simultaneous Close is Initiated You initiate a simultaneous close on a property sale by asking your investor to wire their money into the title company that you are using for escrow. You have already given the title company prepares the two closing documents; one is where you buy the house for $70,000 and the other is where you sell the house to your investor for say $90,000. That means you get a profit of $20,000 after both closings are complete.

When the title company prepares both of these documents at once, theyll notice that your buyer has already wired their money into the companys escrow account. The title company will see that when you sell this property to your buyer youll be getting $90,000 and that the buyer has already transferred his or her money into the title company.

So, rather than asking you to wire your own money into the title company so they can initiate the first sale (from the homeowner to you) theyll just use $70,000 of the $90,000 thats been transferred into the title company by your buyer. Then, theyll turn around and complete the second sale (from you to the buyer) and leave you with $20,000 profit without even using your own money!

Basically youve just flipped a house, which in proper terminology is referred to as Wholesaling a house and all without using your own money! As you can imagine there is a little more to the process of making a simultaneous close, but this is the gist of the procedure. Its an excellent way to get involved in real estate investment and get profits with very little starting cash.

Edward J. Tuccio Has Over 15 Years of Real Estate Experience

Edward J. Tuccio is a dedicated real estate professional with many years of experience in structuring, analyzing, sourcing and negotiating highly complex transactions. He is presently working as the Chief Financial Officer at Tuccio Development. Tuccio Development is a family owned and operated general contracting firm that designs and custom builds high quality luxury homes in Western Connecticut. The Tuccio family has build more than 1,000 distinctive homes in the Ridgefield, New Milford, New Fairfield and Brookfield area. Tuccio Development combines the best of contemporary building technology with elegance of old-world craftsmanship to build homes with finely crafted details. founded this residential company to develop residential property and build single family homes with exceptional value. He negotiated and financed deals with leading banking institutions. He also identified unique market opportunities to manage and maintain over $10M in sales.

is a strategic thinker and leader with a passion for devising creative ways to become the industry leader. He has strong skills in financial management, securing financing for developments, marketing and contracting with subcontractors. He has the exceptional ability to access and quantify opportunities and risks. He completed his Bachelor of Science, Business Administration in 1991 from the College of Charleston, Charleston SC. Along with his professional commitments; Ed Tuccio actively participates with several humanitarian organizations. He has been an active member of Juvenile Diabetes Research Foundation (JDRF) since 1998. He was one of the walkers at Walk to Cure Diabetes, the biggest fundraising event in U.S. organized by JDRF. In 1993, he ran the NYC marathon. He also ran the Boys and Girls Club Turkey Trot.

A real estate professional, Edward J. Tuccio is also a seasoned hockey and baseball coach. His baseball team won the championship trophy on Father’s Day. He and Ed Simoneau helped players to win the title of Ridgefield Little League’s Minors Division champion. Mr. Tuccio is also an avid golfer and he made hole in one in Okemo in the year 2000. To know more about and Tuccio Development, please browse through www.tucciodevelopment.com.

Naples Real Estate Naples REALTOR

Dream home real estate like Port Royal in Naples Florida is a luxury homes and boat homes community located between the Gulf of Mexico on the West and Naples Bay on the East. The city of Naples is counted amongst the most picturesque destinations bordering Gulf of Mexico with pristine beaches. It is the city which is brimming with a lot of activities making is a best place to start with a new home. The Naples Real Estate Market of, Florida has been experiencing a tremendous growth in the recent years. According to the official reports, the real estate market has showed a considerable growth. Naples, Florida offers a wide variety of residential new construction opportunities for both investors and second home buyers. With a relative slow down in the new housing market home buyers searching for properties in Southwest Florida have many great opportunities available to them.

After we were narrowed down to the downtown area of Naples, we started scouring Naples Realtor and the local foreclosure listings for info. Why the two sources of info? Theoretically properties are not for sale until they are listed on the MLS, but information about the foreclosures are posted publically in the courthouse records and in a newspaper. An overall analysis of the housing market of Naples, during the months of April and May 2010, brings cheers for the simple reason that home buying activity is picking up; inventory of unsold properties diminishing, although the median home prices are somewhat decreasing. When selling a home the curb appeal is one of the most important things to spend some time on as without it, prospective buyers may drive right past your home and never stop to take a closer.

One last benefit to knowing the statistics of my market in greater depth and detail than other Realtors in my market, is that on occasion I get contacted by one of our local papers for “expert” analysis, further cementing the perception that I work on a different level than the other agents in town. When these newspaper clippings are shown to prospective clients alongside my graphs and data, there is no doubt who the professional is, and who the client is!.New home constructions in Florida, such as in Orlando, qualify for the new home rebate. This means you choose the blueprints for your home and a contracted builder builds the home from the ground up. To take advantage of this rebate, you must go through a real estate agency as your referring Realtor.

Buying real estate is a major financial decision. Every step should be taken to ensure a buyer makes the best decision. Following general guidelines and state laws will help to ensure the transaction goes smoothly. The best way to find condominiums for sale in Naples, Florida is to consult an experienced realtor in the area. They are aware of the properties that are up for sale and can assist you to get the best deals.

Real Estate in Harrison AR as an Investment

To quote Edgar Allen Poe -It was the worst of times, It was the best of Times-. The worst of times is painfully apparent. An economic downturn fueled by the housing crisis has resulted in historically low interest rates and declines in home values. Even has been drastically affected by economic downturn. However this has made it the best of times as far as real estate income competing with Certificate of Deposits or other fixed rate investments.

As you see, currently all over the country home values are lower cause of economic crisis around the world and also media reports done some damage too. But in the long term it’ll again continue to rise up at least same level it was. And it’ll result an appreciation of 5 to 6% profit on investment on real estate in a calendar year. Thus, it is now the crucial time to get a real estate property. The old rule of thumb for residential investing was to search for property that would rent for one per cent of the purchase price per month. In other words, a home purchased for $70,000 would need to rent for $700 per month. Rarely do these numbers come together these days. However, with interest rates so low, that formula can be modified and still achieve a healthy return on investment. For instance a house purchased for $65,000 rented for $550 per month would give a gross return of 10%. Allowing for maintenance, taxes, and insurance one should still be able to achieve a 7% net return. There are also tax advantages to consider and should you decide to leverage (use some borrowed money) results could be even better. There is no guarantee of course and management is required. Harp and Associates does have a property management service if you want to only be an investor. To avoid costly surprises I recommend a maintenance fund be set up and funded each month. This fund is used to cover repairs and protect against a month when the property is vacant. We are always glad to discuss . Whether it is about rentals, purchasing, selling, or investing, we are here to assist you in any way we can.

Harp and Associates Real Estate Services