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Spanish Mortgages & Financial Considerations

The mortgage system in Spain works like most other places in the world and mortgages are available for residents and non residents alike. Important points to note are as follows :

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  • The amount of money to be lent will be based on the bank valuation of the property. If you are non resident, then the banks will typically lend up to 70% of their valuation, for residents this rises to 85%. The currency for a Spanish mortgage is the Euro.
  • Proof of income and identity will be required.
  • The title deeds for a property(the escritura) will remain with the lender until the mortgage is repaid.
  • Mortgage terms range from 15 to 30 years with 20 years being a typical term.
  • Mortgages are based on repaying the interest only and typically are based on the Euribor rate plus a percentage. This usually means that the mortgage rate in Spain is much lower than that in the UK for example.
  • You should budget for approximately 10% of the purchase price as the cost of buying a property. This is made up 7% Purchase Tax, notary fees, solicitor fees and valuation fees. This amount is in addition to the purchase price and hence should be allowed for when finalising your budget for purchasing a property.

When you have found the property you wish to buy, it is normal to put a deposit down to ensure that the seller does not attempt to sell to another party. The deposit is normally 10% and is not usually refundable unless you instruct your lawyer to apply conditions of sale with the vendor.

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A few reasons to blog about Real Estate

I began blogging about a year and a half ago. VERY slowly at first but it has picked up (slightly) as I learn more of the benefits for myself and for my clients. Yes, my clients. You see, I have never been a “writer.” (many will probably attest to that) BUT, for the past 15+ years, I have been a REALTOR. It is in my blood, it is what I do. Currently, the percentage of agents that have a blog is very small but I promise you, that percentage has begun to change. My clients benefit from my real estate endeavors (blogging) in several ways. The more successful I have become, the more people I meet.

The more people I meet, the better chance they will be interested in what I have to offer. Everything we do is geared towards providing the best information possible to customers, clients and consumers. Blogs help people get to know you, they help with search engine optimization and they help drive traffic to your web sites. It is easy to sit back and rely on the “old school” way of doing things but, it makes more sense (to me) to change with the times. Heck, many of our clients have no idea what a blog is.. That’s ok too. Blogging just seems to create more opportunities to reach modern consumers. Everything is “Googled” these days.

In addition to the benefits of my business, I have made many friends while blogging. Some have been through the AZ Real Estate Blogging Network and others from reading other blogs, participating in social networks etc. I have met some great people and have learned a lot. Of course, I have a TON more to learn but it is time well invested in my business. For agents, lenders, inspectors, title companies and any business owner, blogging can be a great way to reach a whole new audience. This network was designed to help people achieve their blogging goals.

 

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Apartment for rent in Tay Ho Hanoi Vietnam

Tay Ho is center of most high class apartments for rent in Hanoi and has become the home for most foreigners to work in Hanoi and also nearby provinces. Many apartments in Tay Ho are being rented to foreigners a long period of time, with terms and conditions for expats to rent. The living apartments for rent in Tay Ho are luxurious, modern and properly furnished; most of them come with garage, large gardens, swimming pools as well as other such as, supermarket, Restaurant, Tennis court and many others.hu556

The together with modern-class utility complexes is interspersed with ecological landscapes, creating eco-friendly spaces. Inside Tay Ho apartment, the occupants not only get the fresh air but also have an wide open view of the large water sight of the West Lake and enjoying the city sights. The supply of power , water source or drainage system , telecommunications , fire protection , are installed totally with excellence.

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Furthermore , it is encircled with many local attractions and a wide range of beautiful places . Tay Ho apartments provide you with a luxurious, private and peaceful living area in the hectic pace of your daily life. With wonderful resident and landscape, West Lake area is undoubtedly a main priority for not just Hanoi property buyers but also expat communities working in Vietnam.

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If you are trying to find cheap and luxurious Apartments in Tay Ho, then you will find many short-term serviced apartments or long stay apartments in Tay Ho and this is actually what you are looking for! Situated in the district, and offered at good rates, Tay Ho serviced and also furnished apartments is ideal for the expats are trying to find budget apartments for living.

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4 Turnkey Rental Investment Tips You Should Always Keep In Mind

Investing in turnkey rental properties can be one of the best investments you ever make in your life. Not only will you be able to generate monthly revenues from the rental payments, but you can also sell it at a later date for profit. And from an investment point of view, that is a pretty sweet deal. So, if you are thinking of investing in turnkey rental properties, then make sure to keep the following tips in mind.

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Appraisal

Ensure that you do a full appraisal of the turnkey property before you make a deal. Only then will you be able to correctly gauge the true value of the property. As such, if the seller is not too keen on allowing you to do an appraisal, then that is definitely a red signal. In fact, it can indicate that the seller is actually trying to sell you a turnkey property at a price which is much higher than its real value and that this is the reason why they are hesitant to allow you to appraise the property. So, only look to purchase properties where the seller is okay with you doing an appraisal of your own.

Property Repairs

One of the reasons why many people invest in turnkey properties is that the turnkey provider will have done all the necessary repairs and renovations. As such, you will not have to waste time doing such tasks. Instead, you can buy it and rent it straight away. So, make sure to inspect the home to see that it is in perfect condition and ask the seller for the list of repairs and modifications they have made to the house. And in case the community requires homes to have a certificate of occupancy, then make sure that the turnkey provider does have the certificate.

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Management Performance

Whether the property management team performs as per your expectations should also be taken into consideration when making investments into turnkey rental properties. After all, they are the ones who will be looking after your property after you purchase it. And no matter how attractive an investment a property might seem, if it is mismanaged, then the value of the property will go down and you will eventually suffer a loss. So, be sure to look at how the management team has handled other properties, their collection rate, staff expertise, and so on. A good management service will ensure that the property is kept in the best possible condition, thereby enabling it to grow in value.

Strength Of The Market

Finally, make sure to check how strong the real estate market of the investment property is. Ideally, the region should have a good enough demand for properties so that your home can be rented out pretty easily no matter the time of the year. So, look at whether the management team can find out renters whenever the house is vacant. And if you sense that the region might see an economic slowdown sometime in the near future, then you should stay away from investing in any rental properties

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Vinhomes Riverside – The perfect Villas for Rent in Hanoi

Are you looking for an excellent rental for your family in Hanoi?  Hanoi is the metropolis, in which expats live and work. Consequently, the rental market is also fast growing. You will find a lot of premium villas are available on the market with utility service which matches the requirements of tenants. To find a perfect rental that meets your needs just visit http://myhanoihome.com/villas-in-vinhomes-riverside.html

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The Vinhomes Riverside offers semi detached villa and also detached villa. You will find perfectly furnished or even unfurnished rental which is located in an awesome area, beautifully designed with modern style, eco-friendly rich orchards, low density structure, the extended distance between the high villas, and you can enjoy private rental for your family. All villas are located near River in which occupants may enjoy the excitement of life, doing some fishing, enjoy wind and sightseeing every day.

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All villas are surrounded by a canal system where the idea adopted from Venice – a wonderful and exotic city. All beautiful villas are perfectly designed with the green eco-friendly gardens and low structure density. The blueprint of the complex enables adequate space between villas, providing enough privacy for each occupant. With the great architecture style, tenants in Vinhomes Riverside can take pleasure in morning fresh air, taking in the sights or even family fishing.

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The villas are also a self-contained eco-urban improvement provides tenants a wide selection of services and also exclusive facilities such as lakes and greeneries, Shopping Center, Swimming pools, International School, Five-star standard gym and also a sophisticated Golf course. Even further, Tenants of Vinhomes Riverside can also get pleasure from the cleanest water source delivered by Vinhomes Water Purifying System with high standard under a healthy control, for which you won’t get elsewhere in Vietnam.

Vinhome Riverside Hanoi is regarded as the the perfect rentals, offers Luxurious maintained residences to rent with comfortable and affordable services in an extremely natural and amazing environment.