Tips For Home Buying

There are some defined steps in the home buying process. Buying a home can be stressful and challenging, but by following these defined steps a person can reduce the stress and frustration. Each steps ensures the person is doing everything they can to ensure the home buying process goes smoothly. These steps are the basics, so it is always smart for a potential home buyer to seek help from an expert in the field. The following outlines the steps to take in the home buying process.

1. Learn about the home buying process. The first thing a person should do is not jump into buying a home, but to learn about everything involved. They should learn about the paperwork, the legalities and about the process in general. By the time this first step is complete the person should have a good understanding about the rest of the process. This is a good time to talk with a professional, but it is important no to jump into any contracts with agents who may want to act on your behalf. This step is solely for gathering information.

2. Look for a potential neighborhood. A person should now begin looking at neighborhoods they would like to live in. This will give a person the basis for finding the type of home they are looking for. It will give them an idea of buying prices, as well.

3. Get pre-approved. Getting pre-approved for a home loan will benefit the potential home owner. A person that is pre-approved knows how much they can be financed for and can narrow down their search. It will also give them buying power. Someone selling their home will be impressed by someone who knows they can definitely buy the house. It greatly increasing the chance that any reasonable offer the person makes will be accepted.

4. Look at specific house. This is the part of the process that, if a person wants to work with a real estate agent, they would secure one. It is now time to look at houses. When looking at houses a person should check out all aspects. They should try picturing themselves living there. Check for anything about the house that they could not live with. It is important to consider the fact that once a person buys a home they are usually there for years. It is also important to shop around and not give an offer too soon.

After this point the only thing left to do is make an offer and buy a house. Potential home buyers can ease the process by following these four steps.

Robert Thatcher is a freelance author based in Cupertino, California. He publishes articles and reports in various ezines and contributes on a regular basis to FreeNetPublishing.com

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Will My Children Be Able to Afford a Home

The achievement of homeownership for many has been a cornerstone of their financial stability. Many baby boomers have found themselves property "rich" as property values have continued to skyrocket in the last five years. Although very thankful for their own good fortune, many baby boomers are now seriously concerned about the prospects that their children will ever be able to afford to purchase a home. With the median sales price of a California home exceeding $550,000, less than 14% of all California households are able to qualify. The ability to qualify is based on the buyer coming in with a 20% down-payment, and using a 30 year fixed rate loan with current interest rates at or slightly above 6%. If the incomes of the offspring of the baby-boomer generation are analyzed separately, they are even less likely to be able to qualify.

The California Association of Realtors and the National Association of Realtors has identified Housing Affordability as one of the critical issues facing the industry. Many cities have, in response to calls for action, started working on policies to help make housing more affordable. The Homeownership Alliance, an alliance of varied industry trade association and non-profit associations, has published a survey of different programs across the country that have been acknowledged as providing workable solutions to this problem. Ultimately, the health of the real estate industry depends on the ability of buyers to buy, providing those who wish to sell the buyer pool and means to do so. If you are interested in reading the full report it can be found at the Homeownship Alliance website.

Baby boomers who want their children to enjoy the benefits of homeownership can assist their offspring by teaching them what is involved in owning a property. The sooner a parent is able to get their child started on such an investment, the more likely the adult child will be successful. There is hardly any better time than the present, if the capacity is there. Today's real estate environment has generated tremendous amounts of equity, and there is no one more capable than the baby boomer generation to assist "our" children in ensuring that they will be able to afford a home. Our children will generally observe what we do successfully and will use that as an example of how to live their lives. If we are spendthrifts, it's very possible junior will be too. If we are frugal and prudent in our spending and asset acquisition, it's highly likely that your children will be as well.

This mentoring generally occurs subconsciously and is even more powerful if conscious attention is paid to the fact that your children are watching you. As a method of instruction, a parent could assist their adult child to purchase a property jointly with them, and assist them in the management of the property. In time, as they learn to handle the finances and management of the investment, a parental decision can be made to partition the gains. Eventually, the parent can help their children gain financial independence by making that decision to partition the gains, or by "gifting" them their (the parent's) interest as a reward for the adult child's successful completion of the "mentoring" program. It would be wise to check with your accountant to see how this would directly affect your particular tax situation.

It's usually better to get involved in transitioning your adult child in this way-- being available to offer sound financial guidance and advice along the journey rather than to provide a lump sum of money that can be frittered away on frivolous or non-appreciating assets.

Nef Cortez has been dealing in real estate and foreclosures for over 29 years. For real estate trends and free foreclosure lists please visit Diamond Bar Real Estate

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Euro Properties

Turkey has provided big advantage to the investors since it is a growing market and has friendly environment with one-stop investment opportunity. In the year 2002 its market share is 1.7 by visited13.2 million tourist and generated 8.5 million revenue. Those figures were recorded 5% higher for 2003. According to World Tourism Organization Turkey will be the fastest growing country in tourism demands with an annual rate of %10.

As it has been ranked in the world first fifteen destination by 14 million visitors a year Turkey has tried to offer different projects to have developed its accommodation facilities and tourism kinds. In order to diversify the tourism product Turkey has promoted the sites located inland areas to those having different taste than 3S (sea, sand and sun) combination and coastal region as well. Currently, tourism activities in the country are concentrated along Aegean and Mediterranean coasts where about 80% of Turkey’s bed capacity exists. However investments have been made on accomadations are not sufficient to correspond the future tourism demands that will be directed to Turkey, therefore Turkey has a strong desire to attract both the national and intenational investors particularly in the regions mostly visited.

The sites and lands that would officially declared as `preservation and development areas of culture and tourism regions are being planned by the ministry of Culture and Tourism. Ministry has opened up the areas for investments in terms of its priority having as a destination. For the officially designated sites, the land allocation process for the investors will be started by the approval of the macro physical plans. The physical plans for the whole region or the sub-regions, are made/get made and approved by the Ministry.

Those sites where investments would be directed are Dalyan, Tarsus, Didim, Antalya and Istanbul. Attached you will find power point presentation on the regions above. Moreover so far 160 tourist centers have been designated under the Tourism Encouragement Law. Aside those sides that are still in progress, Ministry of Tourism has provided parcels on the coastlines in the well developed tourist regions such as Belek, Kemer, Fethiye.

The Tourism Encouragement Law was newly updated. According to new procedure, whole region or one lot of it may be allocated to a main investor. In this case the decision is put in force by Council of Ministers and pre-permission is given to this investor by the Ministry. In case of approval of the project of the investor by the Ministry, following the arrangement of the investment license, the pre-permission is turned into the final permission by the Ministry. Investors will be determined via open tender and in the designated sites and regions, they would get an easement, including autonomous and permanent right of construction. This type of right institution allow investors to get mortgage from national or international markets. Furthermore investors have the right to sell the area or the construction to the third parties without permission of the Ministry.

The idea behind this Law is to encourage land development projects and tempt international chains and trademarks. Furthermore those provided under the The Encouragement of Tourism are mainly:
- Allocation of public land to investors for tourism investments
- Permission to employ foreign personnel and artists
- Discounts on water, electiricity and gas prices
- Priority in allocations of telephone, fax and telex lines
- Tax, Duty and Fee exceptions, such as VAT and Customs Duty

To benefit from incentives, investors should obtain an incentive certificate from the Treasury Undersecretariat and a Tourism Investment Certificate from the Ministry of Tourism. The following are the types of investment for which Tourism Investment Certificates may be issued:
1. Accomodation Facilites
2. Dining and Entertainment Facilities
3. Auxiliary Service Facilities (such as, beach facilities, congress and exhibition centers, theme parks, golf facilities)
4. Tourism Complexes
5. Personnel Training Facilities
6. Yacht Tourism Facilities

The most important aspect of any investment, particularly a tourism investment, is location. A choice of location has a direct impact on the profitability of the investment. It must be not only suitable for a tourism investment in terms of their physical characteristics, but also be allocated for tourism under land use plans. No Tourism Facilites may be constructed on land not allocated for tourism uses in Land Use Plans of any scale. If your land is located in an are allocated for tourism under approved plans, this means it is ready for a tourism investment. Then you may proceed with design work.

You may also apply for allocation of Public Land located within a tourism area or center. Tourism areas and centres are determined and announced by the Council of Ministers upon the proposal of the Ministy of Tourism which requires to be developed on a priority basis. Those which are deemed appropriate for allocation to investors are from time to time announced to tourism investors by the Ministry of Tourism through advertisements placed in newspaper. Applications are finalized by the Land Allocation Committee within 2 months. The investor should then apply to the Ministry of Tourism with the necessary documents, lay-out plans and architectural designs to obtain Tourism Investment Certificate.

Facilities to be certified with Tourism Investment Certificates must meet certain requirements as stated in the regulation. These are very detailed and include, safety and environmental protection measures, design, capacity, price tariffs, personnel training, main and optional units etc. The allocation period is up to 49 years. The exact period shall be determined by the Land Allocation Commission taking into account factors such as the type, class and capacity of the facility and the characteristics of the location. Rent will be paid to the Treasury annually and in advance. At the end of the allocation period, the facilities shall pass to the Treasury without any payment.

The Ministry also issues Tourism Establishment Certificates to establishments operating in the tourism sector in accordance with the regulations set forth by the Ministry. Hotels are classified as five, four, three, two and one-star hotels; motes and holiday villages as, first class and second class; restaurants as third class, second class, first class and deluxe. Minimum qualifications for each are determined precisely. Qualifications for quest houses, camping sites, apart hotels, motor caravans, hostels, rural tourism facilites, golf facilities, entertainment centers are also determined in detail.

We are estate agent and building company in Türkey.We sell properties in Fethiye, Calis, Ovacik, Hisaronu, Kalkan, Uzumlu, Gocek areas we sell Holiday homes, villas, apartments, bungalows, commercials,off plan and land and we have Property Management, Rental Services,and after sale services.All kind properties in that areas and for all kind budgets properties.our all properties are free hold.

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California Real Estate Buyers Rights

Real estate laws vary greatly form state to state. If you are buying real estate you should understand what rights you have in the state you are in. In California you have many rights and are legally covered in many cases to have these rights. Knowing the basic rights you have when buying real estate in California can help you to get the best deal and treatment design you real estate transaction.

The following list explains the basic rights every buyer has when buying real estate in California.

1. You can and should interview and compare many agents and lenders during the beginning of your process. This will help you to find the best people suited to help you. Avoid jumping right into a deal without first looking around.

2. California has a Residential Purchase Agreement called a RPA-CA. You have the right to use this document to make or accept offers.

3. California has a law that states an agent must tell you about any relationship they have with seller. There is an Agency Disclosure Form you can use for this purpose.

4. You can and should have an attorney look over all paperwork. California is an escrow state, which means there is a third party involved to help for enforce the contract. So understanding it is important.

5. The RPA-CA contract allows you to have the right to reject any offer you’ve made if you are not satisfied with the physical condition of the home or neighborhood.

6. Even if a transaction is made “As-is” you still have thee right to negotiate for repairs or credit for repairs that must be done.

7. You can have independent tests and investigations done on the home.

8. You have the right to have ever document explained to you by an appropriate professional.

9. Even when in escrow you can end the deal. You may have to pay money to do so. It is advisable to have an attorney if you chose to walk away from a deal.

These rights are essential to you getting the fairest deal possible. If you have any questions consult a real estate attorney or professional agency.

Robert Thatcher is a freelance author based in Cupertino, California. He publishes articles and reports in various ezines and contributes on a regular basis to FreeNetPublishing.com

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