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A property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called as the market price of the property. It is determined by a property evaluator from a reputed property valuation company. Every property valuation company offer various services. It can be found that certain companies offer you some more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during buying or selling of property. Free Property Valuation service from valuation companies includes basic guidelines that will help us in interpreting the information. What you receive with Property Valuation Report • List of registered proprietors or owners • A description of property as per the laws which includes the structure of the land • Zoning or Resource management • Valuation includes the market rate of the property Region In the region section, the evaluator will be putting...

The condo hotel trend has been much ballyhooed, so why are lenders still sitting on the fence when it comes to consumer mortgage financing? Here are three simple reasons: 1.) The secondary markets (FNMA, FHLMC) have not seen enough condo hotel paper to grade the risks/rewards of this proportionately new asset class. 2.) Condo hotel is somewhere between a commercial hotel loan and a residential second home/investment property consumer mortgage, so they don't fit neatly into existing portfolios/guidelines. 3.) The yield/interest rate that a well-healed condo hotel purchaser is willing to pay on a 30-year mortgage is much lower than timeshare and other vacation ownership rates. Making this new yet-to-be determined risk hard to justify. Many of the new condo hotel offerings are even more difficult to mortgage at market interest rates and terms, because they are smaller than 600 square feet in size, do not have kitchens, include FF&E chattel in the sales price, and may be ...

The modern condo is a bit of a different entity from the average home and as such the process of preparing one for sale is a whole new ball of wax. Without having to worry about the external appeal of a condo, this leaves the seller much more time to concentrate on the presentation of the unit and improving the assets that their particular unit possesses. Now many condos are quite different, especially if they were built with the "buyer design" option that has gained popularity rapidly in the last few years. Basically what needs to be done here is an impersonal assessment of the condo and subsequently, what could use some improvement. If you have bought your condo pre-construction and now is the time to sell then there is very little that you should need to do aside from maybe renting a few pieces of furniture to help showcase the unit. Any home usually shows better with some furnishings in it. This helps the buyers to get a feel for what will actually fit in the space th...

Many if not most condo owners don't fully understand all the various parts that make up a condo homeowner insurance policy. While, every state has different insurance laws, most condo insurance policies share a few similar items. Maybe you were wondering what kind of responsibility your condominium association will have and what type of insurance they have to supply the unit owners. Also you may wonder why you need to have a homeowner insurance of your own if the condo associations have. Well, before you purchase a condo, always ask what condo insurance they have in their association and what type of coverage that has in their condo home insurance. It is important that before you purchase your own condo homeowner insurance, you know what coverage the condo association have and always ask for a copy for the condo home association where you want to purchase your condo. Most of the condo home association insurance has limited coverage since people living in the condo have diff...

Do you have a very busy schedule? Perhaps you're an individual who want to showcase your independence and personality. Then living in a condo unit is probably one of the most fitting options if you're any of the individuals mentioned. Among buyers like you, here are the top 5 reasons why condominiums sell. Less Maintenance Developers understand how precious time is to the condo occupants. Whether the space occupied is a unit or more, maintenance tasks are regularly scheduled. This rips owners of having to do the tasks by themselves giving them more time for more important matters to their lifestyles. For cleaning and decorating tasks, owners are advised to implement on their own for safety and security purposes. Lawns and gardens are also absent, thus there are lesser parts to maintain and care for. The guidelines imposed by the developers as to what can be done and what cannot be implemented on the units also pave way for structured and simple care particularly on the ...

Why a condo? If you’re shopping for your first, or even next home, you no doubt have seen a number of condo listings in your area. While living in a condominium complex has its advantages, you might wonder why you should consider buying one if it means having to pay monthly fees and quite possibly a hefty share of an assessment every few years. Despite these occasional nicks to your wallet, there are many reasons why people choose condos over homes. Here is a short run-down. 1) Security – The idea of a gated community or condo complex with 24-hour watch appeals to those who are concerned about residential crime. 2) Community – Whether the condo complex is a series apartment-style buildings or detached homes along a golf course, there is a sense of community that allows people to meet and establish friendships. Some condo communities may hold regular gatherings and activities. 3) Amenities – Homeowners who wish to have a pool or home gym, but don’t want the responsibility of maint...