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Tuesday, November 3, 2009

Waterfront Real Estate Review

Introduction
Paradise Cay is a waterfront community of about 200 homes (including a few newly-built town homes and free standing homes) on the North-East edge of the Tiburon Peninsula.
About thirty-nine of the homes front directly onto San Francisco Bay and have spectacular views. The rest are situated on canals approximately 90 ft wide and have docks capable of berthing cruisers some of which are up to 60ft in length.
Waterfront and Canal-front Homes
In common with many other Bayfront homes the ones in Paradise Cay do not have docks because permanently berthing a boat directly on the Bay is not practical due to wave motion. Nevertheless these absolute waterfront homes have excellent views of the Bay. The boats on the canals and in the Paradise Cay Yacht Harbor, which is part of the development, all have direct access to the Bay.
The canals are a little tight for maneuverability of large cruisers but that will just improve your boat maneuvering skills won't it? There is also a minor matter of fairly steep gangplanks at low tide but that is a small price to pay for a protected berth with direct access to the Bay. The canals are currently being dredged (October 2009) and dredging will be repeated about every five years.
The Yacht Harbor and Tiburon Yacht Club
The new, six acre Paradise Cay Yacht Harbor (marina), at the Northern end of the Paradise Cay development, can accommodate boats up to 115 feet with up to 24-foot beam on the end ties. It has two pump-out facilities, lots of parking and new restrooms.
The nearby Tiburon Yacht Club (400 Trinidad Drive) has about 230 members (about 40% of them from the Cay) but has no berthing facilities of its own given the close proximity of the Paradise Cay Yacht Harbor. It is an active sailing club with over thirty scheduled races per year - not just a social venue.
Community
However, the Tiburon Yacht Club does also serve as a gathering place for the community which has a number of notable residents. These include the Moseleyes (Tim the "patriach" being responsible for the Paradise Cay development in the sixties) and the interestingly controversial radio personality Michael Savage of the "Savage Nation". There is a good community spirit evidenced in various activities throughout the year.
Summary
Paradise Cay is one of the very few localities in Marin County where you can have a big boat safely berthed at your back door. Although it may appear a bit isolated on a map, it is only ten miles from the Golden Gate Bridge and a few miles away from a good (some say excellent) supermarket (Paradise Market) and the two extensive shopping areas of Corte Madera - "Town Center" and "The Village" either side of Hwy 101.
Route 113 Golden Gate buses run between Paradise Cay and Redwood High School on school days. The Cay lies in the highly rated Tiburon Reed School district.
There are very few localities in Marin that offer the variety of water views, boating options, a good school district and good shopping not too far away, that are to be found in Paradise Cay.
Further Information
Of course, as with any residential property, there are some secrets of location that are known only to those who do diligent research. Let us be your guide to finding the ideal property for you in this unique locality - or elsewhere in Marin.
We can give you expert help in sorting out all your housing options in Marin - especially when it comes to waterfront properties.
If you are seeking honest, dedicated, personal assistance in finding your dream home in Marin County please contact me.

Specialize in Real Estate

Virtual assistants trained and experienced in real estate professionals are in high demand today!
Did you know that as many as 80% of homebuyers start looking for their next home online? Real estate agents need to have websites maintained in order to compete in today's internet society.
They need to rely on a knowledgeable VA who understands the industry, latest internet technology and industry software.
Although there is plenty of bad news today about the current economy and housing market troubles, there is an opportunity to make money as well. Plenty of overworked agents could really use your help. As more and more people are losing their jobs, or are in danger of losing their jobs, it's wise to look at ways to support yourself. A home based business as a Virtual Assistant is an excellent opportunity right now as many businesses are outsourcing...particularly real estate agents.
Real estate professionals are a busy, hard-working bunch who could really use an extra pair of hands... and that could be you!
Today real estate professionals understand how important it is to spend their time with their clients and are looking to outsource many tasks to skilled virtual assistants.
If you have experience or interest in this market, then you may just want to consider becoming a real estate virtual assistant. Just think of the many ways you could assist a busy agent and free up their valuable time.
A skilled and experienced Virtual Assistant can take over tasks such as
  • posting blog entries
  •  inputting MLS data
  • updating inventory on websites
  • creating marketing material
  • hardcopy inventory sheets
  • and much more!
Are you interested but worried you don't have the necessary qualifications?
There are training and certification programs that can teach you the important skills necessary for supporting a realestate professional. You may need to take a little time and money to invest in yourself; however, this will be the best investment you make. Imagine the freedom of working for yourself in your own home based business.
To be an invaluable assistant that an agent can't live without, you will need to have a good understanding of the industry. Training and certification programs for real estate virtual assistant provide a basic knowledge of:
  • The business of real estate
  • Agency representation and disclosures
  • MLS, local listing and sales forms
  • Transaction management
  • Key marketing concepts
If you are tech-savvy, that's even better. Many busy agents would welcome help with the overwhelming amount of new technology today.

Growth Drivers For Real Estate Sector

Losses of industry players were capped by the timely intervention of RBI, which increased the interest rate since 2006. The sector continues to remains unsteady. However, driven by the global economic recovery and macro-economic and sector-specific factors, experts believe that capital will start flowing in this sector. Besides global economic recovery, the following are the indicators of this sector's growth in the near future:
Industry experts estimate that by 2010, Indian IT and ITES sector will need approximately 150 million square feet of official space.
Growth in organized retail sector will provide significant boost to commercial real estate sector, which is expected to demand 220 million sq ft of additional commercial space across tier-I and tier-II cities.
According to the Tenth Five Year Plan of the government, there is a shortage of approximately 22 million residential units and over the medium and long term around 90 million dwelling units will have to be constructed especially for middle and lower income families. Housing Development & Infrastructure Ltd (HDIL) and the Mumbai Metropolitan Development Authority (MMRDA), together plan to build a residential-cum-commercial complex in Virar, a suburb of Mumbai at a cost of around $1.49 billion.
Introduction of REMFs (Real Estate Mutual Funds) and REITs (Real Estate Investment Trusts) will definitely have a major impact on realty sector by helping players for price determination. As per CRISIL, REITs has the potential to reach the size of $1400 billion in next 3 years.
The following section has some of the new projects expected to be undertaken by private realty developers:
* Tata Housing Development Company is expected to build around 1300 low-cost residential units at Boisar, 100km from Mumbai
* Atlas Group plans to diversify into Indian real estate sector and invest $201.51 million in Kerala over the next years
* Tata Realty and Infrastructure (TRIL) will invest approximately $4.2 billion for building SEZs, roads and other core sector projects
* All major realty players including DLF, Unitech and HDIL have big housing projects lined up for marked-down properties
* Avinash Bhosale Group (ABIL) will invest $126.25 million across Pune, Nagpur and Mumbai for developing 5-star hotels
* Marriott International plans to open 24 new properties in India over the next three years
* Cinepolis, a Mexican global multiplex operator plans to invest around $357.7 million in India and open 500 movie screens in the next 7 years for its film exhibition business.

Making Bad Mortgages Healthy Again

In today's economy, and any recession in general, the loss of income is felt particularly by homeowners. Owning a home is the central part of the American dream in order to build a lifestyle and source of wealth for an entire family and generations to come. As the job market declines, home foreclosures become a reality, and this can sometimes end that dream for many families.
When facing a potential foreclosure, there are many steps that can be taken to avoid the loss of the home. Many homeowners take advantage of opportunities to modify a home loan in order to make payments more manageable. Home loan modification programs cover nearly every situation and will offer solutions that allow families to live in their homes and still afford to pay the bills every month on time.
Let's take a look at how a little hard work and diligence can save a mortgage.
Making Contact
The first, most important step in order to modify a home loan is to make contact with the principle lender or a home loan modification specialist. Suffering in silence is not the answer, and in fact, can jeopardize any attempt to fix the problem. Being pro-active and seeking help even before the first payment is missed allows for the greatest chance for a successful resolution to any financial crisis.
Home Loan Modification Specialists
Negotiating contracts is rarely a pleasant experience. It is easy to feel intimidated by a bank or lender when it comes time to modify a home loan. Thankfully, there are specialists available that can do all of the negotiating and contract work on behalf of a homeowner. These companies work with banks and lenders to change mortgage terms in order to make monthly payments palatable.
When choosing a representative, be careful to find the best in the field. When looking for a representative, verify that the company is an Online Business Bureau approved site or part of the Better Business Bureau.
Starting The Home Loan Modification Process
Putting together a financial statement of the homeowner's income, assets, and liabilities is the first step when negotiating the terms of a mortgage whether it is done personally or through an advocate. Developing a thorough financial statement requires monthly bank statements (at least 2 months worth), copies of recent paychecks, the last year's tax return, as well as bills and living expenses. To complete the initial package, a hardship letter should be included that states why a loan modification is necessary and the desire to stay current on the mortgage and remain in the home.
Once the financial package is in order, the process can begin. There are many options available when re-arranging loan terms to fit any situation. Loan advocates are an excellent resource for weighing the options in order to make the best decision. Regardless of what changes are needed in a mortgage, obtaining a home loan modification early is the best way to avoid foreclosure.

Real Estate Finding a New Track in Indian Economy

A big impact of recession is seen in the worldwide market, where many big companies posted big losses, asked for a bailout and even filed for the bankruptcy. The recession had such an impact on the world over economy that even a core business of a particular country went in loss with many citizens pulling their hands off from investment part.
Same happened with the Indian real estate market, the most bullish sector where not many hesitated before putting their money forward for an investment related to some plot, flat, office, shop etc.
In the month of September 2008, when recession captured the world with a full grip, the real estate of India suffered a big loss session. All the major reality players like Jaypee Group, Unitech and DLF came up with the schemes and rebates on flats to attract as many buyers as they can and sell off the reserve as soon as possible.
The cities like Mumbai, Delhi, Bangalore, Kolkata and National Capital Region accounts for big business of the country with many property owners earning big money from the rental income from homes and offices.
One can analyse the downfall of rental income in these cities as many fully constructed buildings are standing with a very less space occupied with them and that too on a small amount of rent in comparison with the rentals of 2007.
This downfall was not limited to the rental part of real estate industry but the pure buying and selling of properties also came to a halt after financial crises reached the Indian economy.
With the global economic crises on one side, leading players of real estate India like DLF and Unitech are focusing more on the repayment of debts as soon as possible.
This has resulted in big real estate players selling their personal office properties, shifting their focus from core property business to some other businesses like insurance and hospitality and selling off some part of the company by getting listed on the capital market.
However, according to the recent study conducted by several industry watchers, the real estate of India is coming back on profitable track with the demand for offices is increasing in major cities like Bangalore and Mumbai, however Delhi and NCR are still far from witnessing growth in demand as many are expecting further fall in rentals here.
Besides the growth factor in office and shop rentals, a slight growth is also seen in the buying and selling transactions of properties.
With the Indian economy coming on track again, the demand for flats are seen rising in past one month. The real estate developers like Amrapali, Parsvanath and Unitech are nor registering some potential bookings on their order books.
The recent festive season has also added some profits to the real estate industry when many were keen on buying a new home.
During the last festive season, a very low rush was seen for the real estate buying but this year, the banks came up with some attractive home loan schemes with the help of rebate provided by Reserve Bank of India.