Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Thursday, 8 July 2010
Burbank California Real Estate
Burbank, California, is located in Los Angeles County, and is nine miles north of Los Angeles, California. Burbank has a population of 100,316. Among its residents are those who work in the media and entertainment field. NBC, Warner Studios, and Disney Entertainment call Burbank their home. The city is served by Burbank International Airport.
Burbank’s homes consist of luxury homes in the hills, and single and multi-family homes throughout the city. Its sunny weather, prosperous economy, relative safety, and consistently high-ranking schools make Burbank a popular place to live, especially with families and those in media and entertainment.
Burbank properties pool is 41,608 residential properties including Burbank new homes. The median age of real estate in Burbank is 1956. The average household size is 3.14 people. 7% are one bedroom homes, 39% are 2 bedroom homes, 42% are 3 bedroom homes, 10% are 4 bedroom homes, and 2% are 5+ bedroom homes.
Homes With No Mortgage - 26%
Homes With Mortgage - 74%
First Mortgage Only - 56%
First & Second Mortgage or HELOC - 18%
Burbank Real estate Tax: Median Real Estate Taxes (2000) were $1,640 comparing to 1999 Median Family income $ 56,767. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Burbank School District: The Burbank School District consistently rate as one of the most successful in the County. Parents are keen to purchase homes here in order to send their children to the highly successful District.
Children make up 22.3% of Burbank population. Burbank has 22,337 under 18 years old residents, or 0.46 kids per one worker, or 0.54 kids per one household.
Burbank Real Estate & Burbank Homeownership
There are 14146.72 or 34% one person households, 12482.4 or 30% two person households, and 6241.2 or 15% three person households in Burbank, California. Median residents age is 36.4, Senior citizens (65+) make up 12,859 or 12.8%% of Burbank population.
There are 48,430 workers (over 16 years of age) in Burbank. Of these, 89.33% drive to work. Approximately 2.56% of workers in Burbank take public transportation, reflecting the area’s over reliance on cars. An estimated 2.75% walk to work.
Median Burbank homeowner's housing expenses are 22.4%
Crime in Burbank (2003), crimes per 10,000 residents per year
Violent Crimes - 28.21
Robberies - 6.88
Aggravated Assaults - 19.54
Property Crimes - 268.55
Burglaries - 49.84
Larceny-Thefts - 172.26
Motor Vehicle Thefts - 46.45
When making a decision about buying real estate in Burbank California area, many factors should be considered, along with the following statistical data:
Near Medium City -
Near Large City - Los Angeles, California
Burbank Zip Codes - 91501, 91502, 91504, 91505, 91506
Burbank Area Codes - 818
White population - 72.18%
African-American population - 2.06%
Asian - 9.15%
American Indian & Alaskan - {-}%
Hispanic (of any race) - 24.87%
Median Family Income (1999) - $ 56,767%
Population Below Poverty Level - 10.45%
Labels:
banker,
borrowing,
broker,
closing costs,
credit,
finance,
home loan,
home purchase,
lender,
money,
mortgage,
rates,
Real Estate,
Refinance
Tuesday, 4 May 2010
Anchorage Alaska Real Estate
Anchorage, Alaska, is located in Anchorage County and lies 1434 miles northwest of Seattle, Washington. Anchorage has a population of 260,283. Its residents enjoy outdoor activities like kayaking through Prince William Sound, fly-fishing, skiing, and hiking and a relatively mild climate.
Anchorage is a historical and bustling city that serves as the transportation, banking, and business center of the state. Notable structures include historic buildings such as Anchorage’s City Hall, built in 1936, as well as the 4th Avenue Theatre, an art deco style building dating from 1947 with stunning floor to ceiling bronze interior murals.
Anchorage, incorporated in 1920, is a relatively young city, and homes built in the 1950s almost enjoy historic status. Nevertheless, the city’s vibrancy has earned Anchorage the reputation as the new ‘in’ city for travelers to Alaska as well as new residents, who come for its excellent transportation system, mild weather, and central location.
Anchorage Homes
Anchorage properties pool is 94,822 residential properties including Anchorage new homes. The median age of real estate in Anchorage is 1977. The average Household size is 3.19 people. 4% are one bedroom homes, 19% are 2 bedroom homes, 46% are 3 bedroom homes, 24% are 4 bedroom homes, and 5% are 5+ bedroom homes.
Anchorage Mortgage Statistics
Homes With No Mortgage 14%
Homes With Mortgage 86%
First Mortgage Only 74%
First & Second Mortgage or HELOC 12%
Anchorage Area Real Estate Tax
Anchorage Real estate Tax: Median Real Estate Taxes (2000) were $2,523 comparing to 1999 Median Family income $ 63,682. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Anchorage School District: Children make up 29.1% of Anchorage population. Anchorage has 75,871 under 18 years old residents, or 0.58 kids per one worker, or 0.8 kids per one household.
Anchorage Real Estate & Anchorage Home Ownership
Most residents of this city have come from elsewhere in the United States. Many came to work in the oil fields. Alaskan Native peoples comprise about 8% of the population. The city also has a growing population of Asian and Hispanic residents.
There are 21809.06 or 23% one person households, 30343.04 or 32% two person households, and 17067.96 or 18% three person households in Anchorage, Alaska. Median residents age is 32.4, Senior citizens (65+) make up 14,242 or 5.5%% of Anchorage population.
There are 131,228 workers (over 16 years of age) in Anchorage. Of these, 89% drive to work. Approximately 2.02% of workers in Anchorage take public transportation. An estimated 2.66% walk to work.
Median Anchorage homeowner's housing expenses are 20.9%
Crime in Anchorage (2003), crimes per 10,000 residents per year
Violent Crimes 67
Robberies 13.06
Aggravated Assaults 43.91
Property Crimes 449.74
Burglaries 54.48
Larceny-Thefts 349.27
Motor Vehicle Thefts 45.99
Invest in Anchorage Properties
When making a decision about buying real estate in Anchorage Alaska area, you should consider following statistical data:
Near Medium City
Near Large City Seattle, Washington
Anchorage Zip Codes 99501, 99502, 99503, 99504, 99505, 99506, 99507, 99508, 99513, 99515, 99516, 99517, 99518, 99529, 99530, 99540, 99599
Anchorage Area Codes 907
White population 72.23%
African-American population 5.84%
Asian 5.55%
American Indian & Alaskan
Hispanic (of any race) 5.69%
Median Family Income (1999) - $ 63,682%
Population Below Poverty Level - 7.18%
Labels:
banker,
borrowing,
broker,
closing costs,
credit,
finance,
home loan,
home purchase,
lender,
money,
mortgage,
rates,
Real Estate,
Refinance
Sunday, 2 May 2010
An alternative to using an estate agent to sell your property
Traditionally, anyone with a house to sell in the U.K. would use an Estate Agent. As they were ranked 2nd in a Radio 4 poll of “least respected workers” (M.P.’s were 1st!), for many people they are seen as a necessary evil.
A small minority of people manage to sell their house privately by doing their own advertising and putting up their own For Sale board, but as their property does not appear in the Estate Agent’s press adverts or websites, this is very much a hit and miss affair.
Even when a sale is secured, the legal system in England & Wales means that until contracts are exchanged – typically many weeks later – the sale can fall through. In fact one in three agreed sales do not complete, meaning that the sale process has to start all over again.
For anyone relocating or emigrating this is frustrating and annoying as plans have to be put on hold. For people with financial difficulties or in danger of having their house repossessed, it can be very serious indeed.
A realistic alternative to Estate Agents
At last there is an alternative to using an Estate Agent. Using a specialist property-buying company offers the speed and certainty lacking if selling on the open market through an Estate Agent.
Companies like A Quick Sale (http://www.aquicksale.co.uk ) are now offering a service that more and more people see as a better alternative than waiting and hoping for an elusive buyer. They will normally make an offer to buy a property within a few days, completing at a date to suit you, so that people can move on with their lives.
So, what’s the catch? Well, the main one is that they will be looking to buy the property at a reduction from the open market value. How much of a reduction often depends on the type and size of property but is likely to be at least 10%.
The other thing to watch out for is that some of these companies charge an upfront valuation fee of several hundred pounds. Whilst this is usually refundable if you go ahead and sell to them, it is quite possible that their offer on your property will be unacceptable to you, leaving you out of pocket!
Questions to ask
If the speed and certainty of selling to a property-buying company appeals to you, what do you need to look out for?
Probably the first question to ask is – will it cost me anything to get an offer on my property? A national house buying company featured on Watchdog last year after many complaints fro people who had paid a valuation fee and then offered much less than their property was worth.
(see http://www.bbc.co.uk/watchdog/reports/home/home_20051122_2.shtml)
You wouldn’t expect to pay an Estate Agent for a valuation, so why pay these companies?
The next question most people need answering is – can I rely on this company? Can they fit around me? These companies should be asking you about your timescales and deadlines and tailoring a solution around these. Look carefully at their literature and website to see if they are flexible and offer a range of solutions. It is also a good idea to ask them for examples or testimonials from previous customers.
So, if you have a property to sell, before you call an Estate Agent, it might be worth checking out a couple of these companies who can offer you a quick sale.
Disclaimer:
All information contained in this article, is for general information purposes only and should not be construed as advice under the Financial Services Act 1986.
You are strongly advised to take appropriate professional and legal advice before entering into any binding contracts.
Saturday, 27 February 2010
3 Pitfalls to Avoid When Playing in the Real Estate Game
So you’ve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt grinning ear to ear waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now) and now you are thinking, "wow this looks like a great deal, I better get it fast before the special offer expires." You notice how there’s always a special offer? Anyway, I am not saying this guy isn’t telling the truth, however regardless of which course or school of thought you buy into there are several key areas that one must avoid when engaging in any real estate related transaction.
Pitfall Number 1: Don’t Overpay!
The whole point in investing is to find properties that are undervalued. How does one find out what is undervalued versus overvalued? Without getting into technical details, the bottom line is you need experience. Yes much like shopping for anything else, real estate is essentially one of the highest ticket items in the shopping center of life. It’s advisable to stick with one market, perhaps the one closest to you in proximity as a starting off point. Through your experience and asking the right questions, you will eventually have a feel for the pulse of the market you are looking after, and of course identify what is considered a good buy.
Pitfall Number 2: Know the Market
Yes, you are actually going to have to do more work! This part is really common sense though, but executing it where the beauty and the payoff comes in. How do you make money in real estate? The most basic way is to buy low and sell high. So from the first step, you have identified general trends in the value of homes, and are pretty good at spotting undervalued homes. Assuming you acquire that home, you may want to profit from it by selling it off to someone else for a higher price. How can you do this? Well there are many ways. For one, most markets appreciate in value over time so if you want a longer term approach that will work. Making upgrades to the property will automatically raise the price of the home as well. Think in terms of what the market wants, not what you personally want. You aren’t the one buying it; you are trying to sell it to someone else for a higher price than you bought it.
Pitfall Number 3: Know Your Budget
It may be a fine philosophy to go through life on a whim, but real estate is serious business, and thus diligent financial planning and budgeting is critical to your success. Don’t worry you don’t need to be a finance geek, however you need to be disciplined and know your budget from the onset, or you may be finding you are learning that you need to make certain renovations or upgrades, and didn’t anticipate it going over to a certain cost. Think ahead as to what is needed before actually going forth with investing in real estate.
Thursday, 11 February 2010
Bakersfield California Real Estate
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Bakersfield, California, is located in Kern County, 100 miles NW of Los Angeles, California. Bakersfield has a population of 247,057. It has become a popular place for visitors en route to and from Las Vegas and Los Angeles, who stop for outdoor adventures such as whitewater rafting on the Kern River or hot air ballooning over the San Joaquin Valley.
Agriculture is king in Bakersfield. The region grows over 250 types of crops, with about 30 types of fruits and nuts, 40 types of vegetables, and over 20 field crops. Lumber, livestock, poultry and dairy products are also big industries here. The area is also home to the California State University, and Bakersfield College, and numerous museums and galleries.
Bakersfield Homes
Bakersfield properties pool is 83,428 residential properties including Bakersfield new homes. The median age of real estate in Bakersfield is 1979. The average household size is 3.41 people. 3% are one bedroom homes, 14% are 2 bedroom homes, 56% are 3 bedroom homes, 22% are 4 bedroom homes, and 2% are 5+ bedroom homes.
Bakersfield Mortgage Statistics
Homes With No Mortgage 18%
Homes With Mortgage 82%
First Mortgage Only 63%
First & Second Mortgage or HELOC 19%
Bakersfield Area Real Estate Tax
Bakersfield Real estate Tax: Median Real Estate Taxes (2000) were $1,422 comparing to 1999 Median Family income $ 45,556. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Bakersfield School District: Children make up 32.7% of Bakersfield population. Bakersfield has 80,683 under 18 years old residents, or 0.81 kids per one worker, or 0.97 kids per one household.
Bakersfield Real Estate & Bakersfield Homeownership
There are 18354.16 or 22% one person households, 23359.84 or 28% two person households, and 14182.76 or 17% three person households in Bakersfield, California. Median residents age is 30.1, Senior citizens (65+) make up 21,681 or 8.8%% of Bakersfield population.
There are 99,769 workers (over 16 years of age) in Bakersfield. Of these, 92.68% drive to work. Approximately 1.73% of workers in Bakersfield take public transportation. An estimated 1.32% walk to work.
Median Bakersfield homeowner's housing expenses are 22%
Crime in Bakersfield (2003), crimes per 10,000 residents per year
Violent Crimes 61.28
Robberies 17.77
Aggravated Assaults 40.88
Property Crimes 570.8
Burglaries 109
Larceny-Thefts 381.09
Motor Vehicle Thefts 80.71
Invest in Bakersfield Properties
When making a decision about buying real estate in Bakersfield California area, you should consider the following statistical data:
Near Medium City
Near Large City Los Angeles, California
Bakersfield Zip Codes 93301, 93304, 93305, 93306, 93307, 93308, 93309, 93311, 93312, 93313, 93314
Bakersfield Area Codes 661
White population 61.87%
African-American population 9.16%
Asian 4.33%
American Indian & Alaskan
Hispanic (of any race) 32.45%
Median Family Income (1999) $ 45,556%
Population Below Poverty Level 17.72%
Bakersfield, California, is located in Kern County, 100 miles NW of Los Angeles, California. Bakersfield has a population of 247,057. It has become a popular place for visitors en route to and from Las Vegas and Los Angeles, who stop for outdoor adventures such as whitewater rafting on the Kern River or hot air ballooning over the San Joaquin Valley.
Agriculture is king in Bakersfield. The region grows over 250 types of crops, with about 30 types of fruits and nuts, 40 types of vegetables, and over 20 field crops. Lumber, livestock, poultry and dairy products are also big industries here. The area is also home to the California State University, and Bakersfield College, and numerous museums and galleries.
Bakersfield Homes
Bakersfield properties pool is 83,428 residential properties including Bakersfield new homes. The median age of real estate in Bakersfield is 1979. The average household size is 3.41 people. 3% are one bedroom homes, 14% are 2 bedroom homes, 56% are 3 bedroom homes, 22% are 4 bedroom homes, and 2% are 5+ bedroom homes.
Bakersfield Mortgage Statistics
Homes With No Mortgage 18%
Homes With Mortgage 82%
First Mortgage Only 63%
First & Second Mortgage or HELOC 19%
Bakersfield Area Real Estate Tax
Bakersfield Real estate Tax: Median Real Estate Taxes (2000) were $1,422 comparing to 1999 Median Family income $ 45,556. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Bakersfield School District: Children make up 32.7% of Bakersfield population. Bakersfield has 80,683 under 18 years old residents, or 0.81 kids per one worker, or 0.97 kids per one household.
Bakersfield Real Estate & Bakersfield Homeownership
There are 18354.16 or 22% one person households, 23359.84 or 28% two person households, and 14182.76 or 17% three person households in Bakersfield, California. Median residents age is 30.1, Senior citizens (65+) make up 21,681 or 8.8%% of Bakersfield population.
There are 99,769 workers (over 16 years of age) in Bakersfield. Of these, 92.68% drive to work. Approximately 1.73% of workers in Bakersfield take public transportation. An estimated 1.32% walk to work.
Median Bakersfield homeowner's housing expenses are 22%
Crime in Bakersfield (2003), crimes per 10,000 residents per year
Violent Crimes 61.28
Robberies 17.77
Aggravated Assaults 40.88
Property Crimes 570.8
Burglaries 109
Larceny-Thefts 381.09
Motor Vehicle Thefts 80.71
Invest in Bakersfield Properties
When making a decision about buying real estate in Bakersfield California area, you should consider the following statistical data:
Near Medium City
Near Large City Los Angeles, California
Bakersfield Zip Codes 93301, 93304, 93305, 93306, 93307, 93308, 93309, 93311, 93312, 93313, 93314
Bakersfield Area Codes 661
White population 61.87%
African-American population 9.16%
Asian 4.33%
American Indian & Alaskan
Hispanic (of any race) 32.45%
Median Family Income (1999) $ 45,556%
Population Below Poverty Level 17.72%
Labels:
banker,
borrowing,
broker,
closing costs,
credit,
finance,
home loan,
home purchase,
lender,
money,
mortgage,
rates,
Real Estate,
Refinance
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