Every investor knows well the importance and value of owning a commercial real estate space. It could provide them a solid income specially when the commercial space is located in a very strategic location such as Sacramento region.
To provide you a better understanding, commercial investment is such a very lucrative business venture particularly when investors start leasing out properties to would be tenants that would like to rent commercial spaces for a long period of time.
Investing in commercial properties has the most imperative advantages and these are the reasons why most investors have shifted their way to buying commercial spaces. Investors can lease out commercial properties for approximately 10 to 15 years and during that span of time, they could receive a monthly profit from the space rentals.
But what are the crucial things to keep in mind when purchasing for commercial spaces in the region? To give you an idea about this, you may read some important commercial buying tips I have written below;
Don't forget to ask for the Deed of Absolute Sale (Contract of sale) When you buy any property, it is always good to ask for the contract of sale from the property seller. In layman's term, the deed of absolute sale is simply an agreement between the property buyer and the property seller. Basically, the function of this particular deed is to summarize the important details of the commercial real estate transaction.
Witten in the contract of sale is the location of the property that is being sold, the name of the property buyer, the name of the seller, total value of the property being sold, the size of the property, other terms and conditions that both parties had agreed on and lastly, the date where the property title will be given to the property buyer. This Deed of Absolute sale is a solid contract that could prove the legality of the property being purchased.
Don't forget to ask for the transfer of property title to your name When you have paid at least 80 percent of the total value of the property, you can already request the property seller to prepare the transfer of the title under your name. But make sure to present the Deed of Absolute Sale and the payment receipts to have a smooth sailing transfer of title.
Showing posts with label Buying. Show all posts
Showing posts with label Buying. Show all posts
Saturday, August 4, 2012
Monday, July 30, 2012
Buying Cape Cod Real Estate
Purchasing Cape Cod real estate is a great investment, whether you are purchasing your first home, second home, retirement, or if you are a seasoned investor. Because of the consistent increase in property value, Cape Cod real estate is more than just a wise investment its a way to embrace the whole Cape Cod experience and allow buyers to experience all the things they love about the area on a more permanent basis.
Current real estate reports indicate a buyers market on Cape Cod, as well as the rest of Massachusetts.
Whether it's your first home, a luxury condominium or an executive estate Cape Cod real estate is certainly a wise option, and real estate located in Cape Cod even wiser. It's also a great place for a second home, or even a wonderful place to retire.
South Shore and Cape Cod Real Estate is one of the fastest growing markets in the state. Everything from waterfront property to great vacation homes are selling well. One factor that helps real estate values remain strong is the fact that there is a very limited amount of land available to create a new supply of properties.
Cape Cod's beauty keeps many visitors coming back and many people are taking advantage of a hot housing market to purchase Cape Cod real estate.
Whether they are embracing the lifestyle on a year round basis or simply acting on the dream of purchasing a second home, more and more buyers are learning to appreciate living in Cape Cod as a dream come true.
Another option to keep in mind is the that there are many rentals are available in the area to suit your needs if you're not looking for year round living but require seasonal rental arrangements.
You can easily find the Cape Cod real estate you're looking for online on hundreds of real estate related websites.
Seasonal rentals on Cape Cod are very popular, especially in the summer.
Vacation homes are usually rented at one week intervals, but renting for one month or even the summer can be common. Rental listings are available right on the water or within one of the many quaint villages on Cape Cod.
Current real estate reports indicate a buyers market on Cape Cod, as well as the rest of Massachusetts.
Whether it's your first home, a luxury condominium or an executive estate Cape Cod real estate is certainly a wise option, and real estate located in Cape Cod even wiser. It's also a great place for a second home, or even a wonderful place to retire.
South Shore and Cape Cod Real Estate is one of the fastest growing markets in the state. Everything from waterfront property to great vacation homes are selling well. One factor that helps real estate values remain strong is the fact that there is a very limited amount of land available to create a new supply of properties.
Cape Cod's beauty keeps many visitors coming back and many people are taking advantage of a hot housing market to purchase Cape Cod real estate.
Whether they are embracing the lifestyle on a year round basis or simply acting on the dream of purchasing a second home, more and more buyers are learning to appreciate living in Cape Cod as a dream come true.
Another option to keep in mind is the that there are many rentals are available in the area to suit your needs if you're not looking for year round living but require seasonal rental arrangements.
You can easily find the Cape Cod real estate you're looking for online on hundreds of real estate related websites.
Seasonal rentals on Cape Cod are very popular, especially in the summer.
Vacation homes are usually rented at one week intervals, but renting for one month or even the summer can be common. Rental listings are available right on the water or within one of the many quaint villages on Cape Cod.
Friday, June 15, 2012
Buying Gold and Silver: Why, How, and How Much?
A significant issue facing all of us concerns the idea of a large decline in the value of our home currency, whatever currency that may be. History is full of examples of currencies suddenly, and sometimes permanently, losing value. Certainly, there is no greater financially traumatic event than having all of your perceived wealth evaporate like water on hot steel simply because your currency fails"-Chris Martinsen (Economic Guru).
That's really very veritable somebody with a basic awareness of how over the spot of time, the currency loses its estimate will never choose to hoard them. On the opposite, those community who have tremendous insight of the potential and who can see the changes in the economic scenarios have preferred to acquire clear of notes in support of Gold and Silver.
"In my opinion, we are at an awful time of history for investing. I use this word very carefully as I differentiate between speculating and investing. It's a great time to be a speculator", says Chris.
Currency is gaining it's artificial appeal when as an alternative of accumulating gold reserves the state banks worldwide, release currency notes. Hiking up the inflation course, the government is left with no further decision but to signify economy in a trustworthy stance by these automated printed notes.
Numis Network is handing you a life phase opportunity to bond hands with Anthony Grant who will school you how to stay in harmless waters. Negligible entry into Gold and Silver markets, you initiate securing your investments at the very outset of your combination. And in a layered multiple format you start building an empire brick by brick with a convergence that is there to sustain the outlook of this growth.
"People are buying our coins left, right and center. They know they can easily afford, and they know it is going to pick in near future. Easily cashable, so the more they buy, the more they are planning to gain. This is all I can say as to how much one should buy. Silver or Gold", says Anthony Grant.
He continues, "Whatever fits your budget is going to get you guaranteed returns". He explains further, "It's not at all about the dollar holding you have, it's about your vision, logic and pattern of returns, there is no way anyone can feel shaky".
That's really very veritable somebody with a basic awareness of how over the spot of time, the currency loses its estimate will never choose to hoard them. On the opposite, those community who have tremendous insight of the potential and who can see the changes in the economic scenarios have preferred to acquire clear of notes in support of Gold and Silver.
"In my opinion, we are at an awful time of history for investing. I use this word very carefully as I differentiate between speculating and investing. It's a great time to be a speculator", says Chris.
Currency is gaining it's artificial appeal when as an alternative of accumulating gold reserves the state banks worldwide, release currency notes. Hiking up the inflation course, the government is left with no further decision but to signify economy in a trustworthy stance by these automated printed notes.
Numis Network is handing you a life phase opportunity to bond hands with Anthony Grant who will school you how to stay in harmless waters. Negligible entry into Gold and Silver markets, you initiate securing your investments at the very outset of your combination. And in a layered multiple format you start building an empire brick by brick with a convergence that is there to sustain the outlook of this growth.
"People are buying our coins left, right and center. They know they can easily afford, and they know it is going to pick in near future. Easily cashable, so the more they buy, the more they are planning to gain. This is all I can say as to how much one should buy. Silver or Gold", says Anthony Grant.
He continues, "Whatever fits your budget is going to get you guaranteed returns". He explains further, "It's not at all about the dollar holding you have, it's about your vision, logic and pattern of returns, there is no way anyone can feel shaky".
Monday, April 30, 2012
Selecting The Right Boat Surveyor Is Critical When Buying A Used Boat
Surveying a yacht before making your final purchase decision is critical. You need to know what kind of condition the boat is in and whether all systems are in good working order. Surveys are meant to protect you from unpleasant surprises.
The majority of marine insurance and finance companies will insist on a survey not more than three months old before they will insure or finance a vessel. Check in advance that your insurance and finance company will accept your surveyor choices.
Once you and the seller have settled on a price and you are in possession of a Purchase and Sale Agreement signed by you and the seller, the yacht is then taken off the market until you make your final decision to purchase. Your deposit money is safely tucked away in your yacht broker's escrow account. The purchase agreement allows a window of usually two to four weeks for you to have the vessel inspected.
Every boat should be surveyed before you lay out your hard earned cash and take possession; this includes new boats that have just been delivered from the builder. I have not met a new boat yet that arrived in perfect condition with all systems working and all flaws corrected. Float switches are not working, engine mounts are not secure, nicks in the Gelcoat have not been fixed, screws are missing and the list goes on. I have seen five page lists of items that need to be fixed on a brand new boat that need approval by the builder. Getting a survey done will save you a lot of money and oftentimes months of aggravation in warranty claims.
An engine survey and general hull survey are recommended; this requires two surveyors. The engine survey should be done by a qualified mechanic for the type of engines on the yacht. Have the engine surveyor inspect the generator as well. My experience has been that most general or hull surveyors will be able to recommend engine surveyors if you do not have a personal preference.
It is helpful to keep in mind whenever selecting people to assist you in your boat purchase to try and choose those with no conflict of interest in working for you. For example, asking the local dealer for the engine type on the boat that you are buying to do an engine survey may not be the most helpful choice. Your new boat is potential new business for that engine dealer in future repairs and maintenance. Those engines could get a clean bill of health during the survey only for you to discover they require a major overhaul once you take delivery. It may be a wiser choice to select a qualified mechanic to do the inspection who is not the local dealer for those engines.
The general or hull surveyor inspects all of the other systems on the vessel. This will include but is not limited to the condition of the hull and deck, running gear, appliances, furnishings, bilge pumps, and sanitation systems.
Sailboat buyers will also want to employ a rigging surveyor. Rigging surveyors have specialized knowledge in standing rigging, deck hardware, and sails that general surveyors usually do not have. To find someone qualified to inspect sailboat rigging check the nearest sail loft or ask around at your local yacht club.
If you do not know a surveyor personally, have your yacht broker refer you to someone. I always recommend three or four surveyors to my clients from which to choose to ensure that there is no perceived conflict of interest. It stands to reason that if I have an interest in you buying the boat so that I can earn a commission, then I should not be telling you who would be your best choice in verifying the condition of the boat under consideration. You should be a little suspect if your broker insists that you use the surveyor that he recommends. When the boat is located in a part of the world that I am not familiar with I will call a broker colleague who works in that location for recommendations.
You can also do your own search for a surveyor by going to the Websites for the National Association of Marine Surveyors (NAMS) or the Society of Accredited Marine Surveyors (SAMS). NAMS requires their members to have several years of experience and that they attend workshops and seminars to update their skills. You can search for surveyors in your area or close to the location of the vessel you wish to purchase. Find someone close to the boat if you can as surveyors will charge by the hour for travel.
Survey day is Judgment Day! Survey day typically has you meeting with your surveyors, the seller or his representative, someone to operate the yacht during the day, and your yacht broker if you are using one. Surveys on small to medium size yachts can usually be accomplished in less than a day. Larger vessels can take up to a week to inspect all systems.
Arrange with a boat yard to have the yacht hauled out on the day of the survey so that everything below the waterline can be inspected. You will need to tell the yard manager when you want the boat hauled and the size and make of the vessel.
The survey day schedule will have everyone meeting at the boat first thing in the morning to start the survey. Surveyors like to do engine room work when the engines are cold. When that work is completed the boat is run to the haul out facility that you have selected. The boat is hauled to facilitate the inspection of everything below the waterline. This includes the hull, struts, shafts and bearings, props, through hull fittings and anything else that lurks down there.
Note that you should always insist on the boat being hauled. I remember several years ago surveying a fairly new 57-foot Motoryacht in Miami, FL. We took the boat for a sea trial and then back up the Miami River to a boatyard. When the yacht was hauled we discovered a section of the hull below the waterline about 3-feet by 6-feet had delaminated during the sea trial. A call to the builder in Seattle verified that they would pay for the repair and re-inspection and the sale went to closing. If we had not done the haul out, my client would have discovered the problem at his next boatyard visit. That would likely have resulted in a law suit or some type of legal action involving several people. Clearly the lesson here is to always, always have an inspection done below the waterline.
The yacht is placed back in the water for a sea trial and the completion of the survey. Be prepared to pay all surveyors before they leave the yacht at the end of the day. You will also be required to pay for the haul out before the vessel is put back in the water.
Most surveyors will give you a report of their findings during the course of the day with a verbal summary before leaving the yacht. That will be followed by a written report by email and a hard copy by snail mail generally within a couple of days depending on the size of the boat and length of the survey.
The advantage of having both the listing and selling broker present at the survey is that you can often negotiate to have the seller fix items that have come up during the survey, or ask for an appropriate price reduction on the spot.
When you receive the survey results you will have the information necessary to make a decision to accept the vessel as is, ask to have certain issues corrected before accepting the yacht or reject the boat and get your deposit back.
Once the survey repairs have been completed have your original surveyors re-inspect the boat to verify that the repairs were done to their specifications. Once they have signed off on the repairs you can then proceed to the closing.
The majority of marine insurance and finance companies will insist on a survey not more than three months old before they will insure or finance a vessel. Check in advance that your insurance and finance company will accept your surveyor choices.
Once you and the seller have settled on a price and you are in possession of a Purchase and Sale Agreement signed by you and the seller, the yacht is then taken off the market until you make your final decision to purchase. Your deposit money is safely tucked away in your yacht broker's escrow account. The purchase agreement allows a window of usually two to four weeks for you to have the vessel inspected.
Every boat should be surveyed before you lay out your hard earned cash and take possession; this includes new boats that have just been delivered from the builder. I have not met a new boat yet that arrived in perfect condition with all systems working and all flaws corrected. Float switches are not working, engine mounts are not secure, nicks in the Gelcoat have not been fixed, screws are missing and the list goes on. I have seen five page lists of items that need to be fixed on a brand new boat that need approval by the builder. Getting a survey done will save you a lot of money and oftentimes months of aggravation in warranty claims.
An engine survey and general hull survey are recommended; this requires two surveyors. The engine survey should be done by a qualified mechanic for the type of engines on the yacht. Have the engine surveyor inspect the generator as well. My experience has been that most general or hull surveyors will be able to recommend engine surveyors if you do not have a personal preference.
It is helpful to keep in mind whenever selecting people to assist you in your boat purchase to try and choose those with no conflict of interest in working for you. For example, asking the local dealer for the engine type on the boat that you are buying to do an engine survey may not be the most helpful choice. Your new boat is potential new business for that engine dealer in future repairs and maintenance. Those engines could get a clean bill of health during the survey only for you to discover they require a major overhaul once you take delivery. It may be a wiser choice to select a qualified mechanic to do the inspection who is not the local dealer for those engines.
The general or hull surveyor inspects all of the other systems on the vessel. This will include but is not limited to the condition of the hull and deck, running gear, appliances, furnishings, bilge pumps, and sanitation systems.
Sailboat buyers will also want to employ a rigging surveyor. Rigging surveyors have specialized knowledge in standing rigging, deck hardware, and sails that general surveyors usually do not have. To find someone qualified to inspect sailboat rigging check the nearest sail loft or ask around at your local yacht club.
If you do not know a surveyor personally, have your yacht broker refer you to someone. I always recommend three or four surveyors to my clients from which to choose to ensure that there is no perceived conflict of interest. It stands to reason that if I have an interest in you buying the boat so that I can earn a commission, then I should not be telling you who would be your best choice in verifying the condition of the boat under consideration. You should be a little suspect if your broker insists that you use the surveyor that he recommends. When the boat is located in a part of the world that I am not familiar with I will call a broker colleague who works in that location for recommendations.
You can also do your own search for a surveyor by going to the Websites for the National Association of Marine Surveyors (NAMS) or the Society of Accredited Marine Surveyors (SAMS). NAMS requires their members to have several years of experience and that they attend workshops and seminars to update their skills. You can search for surveyors in your area or close to the location of the vessel you wish to purchase. Find someone close to the boat if you can as surveyors will charge by the hour for travel.
Survey day is Judgment Day! Survey day typically has you meeting with your surveyors, the seller or his representative, someone to operate the yacht during the day, and your yacht broker if you are using one. Surveys on small to medium size yachts can usually be accomplished in less than a day. Larger vessels can take up to a week to inspect all systems.
Arrange with a boat yard to have the yacht hauled out on the day of the survey so that everything below the waterline can be inspected. You will need to tell the yard manager when you want the boat hauled and the size and make of the vessel.
The survey day schedule will have everyone meeting at the boat first thing in the morning to start the survey. Surveyors like to do engine room work when the engines are cold. When that work is completed the boat is run to the haul out facility that you have selected. The boat is hauled to facilitate the inspection of everything below the waterline. This includes the hull, struts, shafts and bearings, props, through hull fittings and anything else that lurks down there.
Note that you should always insist on the boat being hauled. I remember several years ago surveying a fairly new 57-foot Motoryacht in Miami, FL. We took the boat for a sea trial and then back up the Miami River to a boatyard. When the yacht was hauled we discovered a section of the hull below the waterline about 3-feet by 6-feet had delaminated during the sea trial. A call to the builder in Seattle verified that they would pay for the repair and re-inspection and the sale went to closing. If we had not done the haul out, my client would have discovered the problem at his next boatyard visit. That would likely have resulted in a law suit or some type of legal action involving several people. Clearly the lesson here is to always, always have an inspection done below the waterline.
The yacht is placed back in the water for a sea trial and the completion of the survey. Be prepared to pay all surveyors before they leave the yacht at the end of the day. You will also be required to pay for the haul out before the vessel is put back in the water.
Most surveyors will give you a report of their findings during the course of the day with a verbal summary before leaving the yacht. That will be followed by a written report by email and a hard copy by snail mail generally within a couple of days depending on the size of the boat and length of the survey.
The advantage of having both the listing and selling broker present at the survey is that you can often negotiate to have the seller fix items that have come up during the survey, or ask for an appropriate price reduction on the spot.
When you receive the survey results you will have the information necessary to make a decision to accept the vessel as is, ask to have certain issues corrected before accepting the yacht or reject the boat and get your deposit back.
Once the survey repairs have been completed have your original surveyors re-inspect the boat to verify that the repairs were done to their specifications. Once they have signed off on the repairs you can then proceed to the closing.
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