Scotts Valley houses for rent?
October 26, 2009
Does anybody know where we can find listings of houses, townhouses, or condos (no apartments) for rent in Scotts Valley, Ca?
Try a search here: http://geo.craigslist.org/iso/us/ca
SOLD – 162 Oak Creek in Scotts Valley California presented by Marilyn Torres, David Lyng Real Estate
October 25, 2009
For more information contact: Marilyn Torres, Realtor (831) 234-6873 mtorres@davidlyng.com www.isellscottsvalley.com Scotts Valley, a Community with Excellent Schools, Nestled in the hills above Santa Cruz just 20 Minutes South of Los Gatos & 10 Minutes North of Monterey Bay. We are in the Favorite Neighborhood of Scotts Valley Heights. This home has 4 Bedrooms 2 and one half Baths and is on an Extraordinary Nearly 17,000 sq.ft. Parcel. Enjoy this Tastefully Decorated Home, with B’ful Nicely Separate Formal Living & Dining Area, Most of Living Area w/Gleaming Hardwood Floors. B’fully Remodeled Kitchen, w/additional Built in Hutch & Charming, Casual Dining Nook. Family Room has French Doors Opening to Entertainment Deck and Your Own Private Backyard Park & Swimming Pool. Master Bedroom w/xtra Large Walk-in Closet & Access to Deck. Home has Presidential Roofing and NO Home Owners Assn. Dues.
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Real Estate Investment – A Guide On Buy To Let
October 24, 2009
The process of purchasing an investment property is very different to that of buying a home for example, for you and your family to live in. There are many other considerations that must be taken into account before making this big step.
The buy-to-let boom of recent times has seen many more competitive mortgage deals become available, adding fuel to an already blazing fire. Many borrowers have found that they have come unstuck whilst jumping on the bandwagon without properly researching the proposed venture.
Thorough research of the market is essential. Even if you decide to borrow a substantial segment of the purchase price of the house, it will usually cost you a considerable amount to set yourself up as a landlord.
The location and the type of property you are going to purchase are the two most important factors to consider – for example, demand might not match the number of rental properties in certain areas and one bedroom flats may be easier to rent out than two bedrooms.
It is always a good idea to approach a number of letting agents in the proposed area you wish to buy, in order to gain an insight into rental demand – this is also a good way of finding out how much rental income you can expect.
When you look to purchase your own home, a lender will look at your income in order to assess how much they would be prepared to lend. With a buy-to-let mortgage however, mortgage lenders calculate how much they are willing to lend in a different way.
Many lenders will expect rental income to cover at least 130 percent of your monthly mortgage repayments – so make sure that you calculate your sums correctly. Once you have made your calculations and found a suitable area you wish to buy in, you can start shopping around for mortgages.
Many lenders offer mortgage advances on buy to let purchases of up to 75 percent of the property value. On certain buy to let schemes however, it is possible to borrow as much as 85 percent of the value of the property.
There are many different buy-to-let mortgage deals that can be arranged – You can choose between fixed, discounted and variable rates.
Some lenders may insist that you use an agent to manage the property. If this is the case then you could expect to pay up to 15 percent of the gross rental income on management fees. By using the services of an agent you can expect them to source tenants on your behalf, check references and collect the rent.
As with other types of mortgages, it will be a condition of the lender that you have in place a buildings insurance policy at the very least. Contents cover is also highly recommended however it is not usually obligatory.
Buy To Let Action Plan
1. Stay clear of areas that are already saturated with buy-to-let properties – supply can often outweigh demand, which could make finding tenants a difficult task.
2. It pays to negotiate! It may seem as though competition is fierce for property although if you are prepared to be patient then you could land yourself a bargain at well below market value.
3. When decorating, it is a good idea to invest that little bit extra. Ask yourself, could you see yourself living there? If not then you may wish to review your decor.
4. Join a landlords association. For about 100.00 a year you will have access to help and assistance on matters such as tax issues and legislation.
James Copper
http://www.articlesbase.com/investing-articles/real-estate-investment–a-guide-on-buy-to-let-119108.html
Woodland Drive, Scotts Valley 95066
October 23, 2009
Woodland Drive, Scotts Valley 95066 Property for Sale
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When a Real Estate Broker is Asked: Why won’t buy the property for yourself?
October 21, 2009
Real-estate agents are often asked by clients “why won’t buy the property for yourself if it’s such a good deal?” A typical sarcastic answer would be that if a chef would have eaten all the cakes he had baked which appealed to him, quite soon he would not have been able to fit through the door. In other words, real-estate agents’ work is negotiating transactions, not participating in such. An agent competing with his own clients will soon find himself in a different business. There’s also a limit to the number of transactions the agent will be possible to make, attractive as they may be.
Still, every once in a while, my attention is drawn to a transaction I would be very willing to perform. I admit that in retrospect, I often regret not taking them myself. About a year ago I came across a lovely apartment in the center of the colony, in spite of the fact it was located in a building without an elevator. The seller was determined to sell it for a fair price. We concluded the paperwork and went off to put “for sale” signs on the apartment. As I was carrying a sign to place in the apartment, the woman renting it contacted me, interested in purchasing the apartment. In a few hours she arrived to our office and I started to negotiate the purchase with the owners. After several days the renter decided to purchase the apartment. It was another successful (though small) deal, to the satisfaction of both parties.
Why do I regret not purchasing it? Firstly because I was not determined and didn’t act fast enough. Some say that haste is dangerous, but sometimes hesitating is dangerous as well. Did you see a property you liked? The price is fair? Place an offer! Move on with the process! It really doesn’t matter if you spend a few thousand dollars more than you expected, since prices are on the rise in Israel Real Estate in the past few years. Even if you would decide in retrospect that the apartment doesn’t match your needs, that apartment could have been put up for sale several months later, and it would have achieved 10-20% more than what it was purchased for.
In conclusion, I am very happy that the deal was closed, because it ended in the best interest of the purchaser/renter. Why is that? Because it’s important that clients will know that the real-estate agent behind the “for sale” sign is committed to give them the best offer for their money, and to promote it without any personal interest. The real-estate agent is allowed to desire the same property, and it is not impossible for him to purchase it, but if an interested client appears, the agent’s commitment to the client cancels his own plans.
How to Buy Real Estate Without a Bank
October 16, 2009
Most people won’t even look for their dream house or dream property because they think they have to pay for it all in one lump sum. Wrong! You can buy houses and land with little or no down payment, and even without a bank or credit check. If you are, like most hard-working people, struggling to pay your rent and make a living, you need to start right now and do something for your future. Whatever you pay in rent is gone for ever. Paying off a house or property will build your assets and give you ownership once you have it paid off.
The secret is: Owner financing. While still going to college, I was renting a small house in town for $250 a month. Sure, I had a place to live, but besides that there was nothing else I was ever going to get out of those $250 I paid month after month. I then found an ad in the paper and got out of the rent-trap. It lowered my monthly payments to $175 a month and I started paying off my own place instead of paying rent!
Owner financing means that the owner of the property will let you pay it off like a loan. Once you have it paid off you get the deed to the property. Most owners do not care who they sell to. So they will almost never make a credit check. In my opinion, credit reports are a scam anyways. As long as you can make your monthly payments, anyone offering owner financing will sell to you!
Low or now down payments. Many properties are offered with low or now down payment. And if you happen to find one with a higher down payment, just ask! Many sellers are willing to reduce or even waive a down payment. However, you should be able to pay at least the first monthly payment and a document or closing fee for the paperwork. Speaking of paperwork, make sure you get signed contracts and keep track of your payments. Avoid paying cash!
As soon as you start making payments, most sellers will also let you start using the property. Make sure you ask about that! Never assume anything! If you are buying a house with owner financing, you can start living there right away and immediately stop paying rent (check your rental contract)! You will then start paying off your own property instead of just paying for the privilege to live there. If you just buy land, check if mobile homes are allowed. You can buy cheap used mobile homes almost anywhere. They don’t have to be trashy! Save up the money you wasted on rent for your dream house.
As you can see, no bank or bad credit report can keep you from owning your own house or piece of land! All you have to do is to go and look for real estate ads and scan for keywords like “terms” or “owner financing” or “financing available” or “owner will carry”. And even if you find a house or property without financing, you can always make an offer and ask if the owner would be willing to finance!
For more information and listing of owner financed properties have a look at DinoRealty.com