Archive for the ‘Real Estate’ Category
For Sale ! – A Green Home in the Andes ($630,000)
This three-acre property in the Maipo River valley in the central Andes Mountains, with three houses and extensive organic gardens and orchards, is for sale by owner.
Built by two brothers, the main house has three bedrooms and two baths with views of the river and the Andes. It was built using recycled materials, including the antique front doors and several windows framed in redwood imported from the United States.
The owners brought in a team of carpenters from the island of Chiloe, which is known for its craftsmen. The floors are eucalyptus. The house also has 12 kinds of native wood, as well as a round stained-glass skylight made by one of the owners.
The property has a spring that provides enough water for the houses and garden. Organic waste is processed using a permaculture system of native plants and earthworms. Electricity is the only utility supplied by the municipality.
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Sales way down, prices holding.
The frozen market may actually be an asset once recovery occurs. Do you believe it? If the answer is NO, then you should read the article below.
Over $1 billion in real estate was sold in 2008, according to the year-end report from the Park City Board of Realtors. That’s nothing to shake a stick at. It’s only been since 2004 that sales that high have been achieved in Summit County.
The number of transactions, however, was so low mostly due to the fourth quarter that the last comparable year was 1992, said board president Lincoln Calder. Now here come the bad news:
For Realtors who depend on quantity of sales for their living, like those who specialize in condo or land sales, it’s a perfect storm. Homeowners in the Park City area typically made their purchase as an investment. They aren’t foreclosing, aren’t interested in selling it cheap and are more than willing to wait until the economy improves, explained Jim Lewis of Summit Sotheby’s.
Shoppers used to seeing real estate markets crash in their hometowns, come to Park City hoping to find similar deals in a highly desirable location. They know they can get a lot for their money in this economy and are looking to make a killing. The result is deadlock.
So what is the good news?
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Real Estate – in Italy (Part 2).
There are many delights throughout Italy, although you shouldn’t let the romance or dream of living in this fine nation steer you away from your task at hand. You should always think about the property you are interested in purchasing, and listen to your real estate agent. If he or she tells you that a property isn’t worth the purchase, you should listen to what your agent has to say and avoid purchasing a property due to the location.
If you plan to buy rural properties or property that needs renovation, you should be sure to ask the necessary questions, such as the title and deed, access to the property, boundaries, and whether or not the property needs to be surveyed and appraised before you can make an offer. If the property needs renovation, you should always have it estimated. Building expenses in Italy are very high, and they can easily spiral out of control. Before you commit to anything, you should always know your expenses and where you stand with finances.
Once you have found a property that you are interested in, you can make an offer. Keep in mind that if the offer is accepted, it will be valid for 2 weeks, while the preliminary contracts are being created. Once you get the contracts, you should have your lawyer look them over. You’ll need to pay a deposit as well, if your offer is accepted. At that point, you will pretty much own the property and will pay on it until you have it paid for.
Whether you are looking for a second home, vacation home, or just another property, Italy is a great place to invest in real estate. There is always something going on here, and always plenty of romance in the air. For a honeymoon, Italy can’t be beat. If you buy a home here – you’ll find Italy to be a nation like no other.
Real Estate – in Italy (Part 1).
The visual appeal throughout Italy is something that simply cannot be denied. Italy is a stunning nation, with beautiful lakes, mountains, and ancient cities that are teeming with history. Italy is known as a very romantic nation, with plenty of romantic appeal and activities for your entire family. It also boasts a perfect climate with warm waters that are graced by the Mediterranean Sea.
Throughout Italy, there are no restrictions on foreign ownership on real estate, meaning that buying and selling is pretty much a straightforward process. The first thing you should do however, is to get yourself an independent lawyer, one who will work on your behalf. The lawyer can translate any necessary documents into English so you can understand them. He will also act on your behalf, ensuring that you get a great price for the property you are interested in.
If you are planning to purchase a home in Italy to move to permanently, you may want to sort out your residency status first. Doing so will save you a lot of money in purchase taxes, simply because you will be paying Italian taxes. Residency status in Italy holds several key benefits, which includes property taxes.
There are several real estate agents to choose from in Italy, which makes it in your best interest to contact some of them with your requirements. Doing so will help you get a better prospective on the market and determine what you can purchase for your money. If you’ve never been to Italy before, you should always allow yourself ample time to get used to the area and check out some of what Italy has to offer.
Now bear with me as I will continue this topic on the next part.