The Good And The Bad About Property Tax
Property tax is probably the fairest tax collected by municipalities. Property tax is also probably the unfairest tax collected by municipalities.
The state where an individual lives determines how much they pay, which may be higher or lower. An individual's economic status can also be a factor in how a property tax impacts their pocketbook.
In fact when it comes to property tax, renting versus owning may be the only time renting is the best option. States collect property taxes on:
Land
Improvements to land such as additions to property
Man made objects that are not stationary structures
Property tax is usually assessed by individual county tax collectors in each state. Land and property are mailed tax payment notices that are the result of appraisals of the property's value. Notices of property tax assessments can be disputed by contacting the tax collector in the land owner's county, and property tax is typically paid from a homeowner's escrow amount on their mortgage.
As mentioned, property tax can disproportionately affect some homeowners. Increases in a state's property tax can often double or even triple a homeowner's tax liability and often leave them with no option but to sale their residence or land.
Critics of the property tax have also decried the fact that it does address the situations of some individuals. Although property tax is ordinarily paid as part of an escrow account, increased property tax means they would have to pay more into escrow.
Senior citizens on a fixed income have been identified as a group sometimes hit hard by property tax. Such individuals may have high property tax due to an increase in the value of their property, yet find themselves unable to pay because of a reduced income during retirement. Property tax, in some cases, does not take into account factors that may impact someone's ability to pay property tax such as personal tragedy or acts of nature.
Property tax has also been criticized because of the difference individuals must pay between states. Alabama has the lowest propery tax at 1.3 percent on property value, while New Hampshire has the largest at 4.9 percent. The average percentage among is somewhere in the range of 2.3 percent.
While Alabama has a property tax rate of 1.3, which would seem to make it an attractive location for a home or business owner, someone with property a few feet away in neighboring Georgia would have to pay 2.6 percent, and more than double in Florida with a property tax of 3.1 percent.
Just how to spend the revenue (or waste it, as is the case with many governments) generated by property tax is determined by state legislatures. A state's legislature also has say over reducing or raising a property tax along with determining how often it should be collected. Additionally, there may also set limits on how much increase, if any, there can be every year.
Property tax definitely helps states with revenue. But while much needed, property tax can also be a deciding factor in where an individual lives or their ability to retain the American Dream of owning land.
Harvey Waldman is a government employee who would like to impart his knowledge about federal taxes, including property tax. According to Mr. Waldman, there are several ways that you can go about doing your taxes. You have the choice to either doing them yourself or using the services of a company or a professional accounting and tax consultant to do them for you. He highly recommends this complete tax guide site, which you can find at http://gov-taxrelief.info.
Article from articlesbase.com
Filed under News by on Oct 10th, 2010. Comment. 
New York, NY (PRWEB) October 6, 2010
Emergen-C is looking to spread a little energy, one status update at a time, with a new social media campaign that encourages people to “Share the Good”.
Walrus, a New York City-based advertising agency, in partnership with Ready Set Rocket, a digital marketing agency also of New York, is excited to announce the launch of their “Share the Good” Facebook application. The advertising agency partnered with Ready Set Rocket to develop an engaging new way for fans to use digital media to share virtual energy boosts and receive real Emergen-C vitamin drink mix samples for free.
In between funny videos and fake farm co-ops, millions of people on Facebook are posting how they feel—and sometimes they don’t feel so hot. That’s why Walrus and Ready Set Rocket created the highly viral way to give friends a boost of energy whenever their energy is low.
The “Share the Good” application on Facebook allows people to call out their friends’ low energy statuses, and share both virtual and real packets of Emergen-C vitamin drink mix. When friends request their free Emergen-C Starter Kit, they’ll also watch a personalized “feel better” video, featuring their profile picture and status update.
According to a study released in July by PricewaterhouseCoopers, innovation and creativity are fast becoming major opportunities for consumer packaged goods industries to thrive in the post-recession world. The study, “Forging Ahead in the New Economy” suggested growth strategies that include creating new promotional programs for retailers, rethinking media spending, and targeting demographic groups with the use of social networking campaigns.
The CPG industry, including Alacer, Corp., makers of Emergen-C fizzy vitamin drink mixes, will likely use social media to gather information and place an emphasis on “understanding customer priorities,” as consumers are now “buying more carefully, buying different pack sizes, taking advantage of volume discounts and trading down to non-premium brands,” the study stated.
As the number of product launches increase and the market becomes competitive, establishing a foothold through the use of social media is top priority among advertising and digital marketing agencies to help companies like Alacer, Corp. The agencies are relying on the viral nature of social media, as well as its nearly 12,000 Facebook fans, to spread the word about its “Share the Good” application.
Walrus, the agency responsible for concepting and developing the Facebook application in collaboration with Ready Set Rocket, reports that within the first day of the launch, the Emergen-C Facebook page grew its ‘likes’ by 5,000 people and exposed 15,000 users to the application. With over 500,000 active Facebook users, the digital marketing agency plans to use the social media platform to create intimate customer relationships to help the brand continue its success.
Walrus’ partnership with Ready Set Rocket on the project and innovative use of social media will allow Emergen-C to move from an online experience to an in-hand experience and help the company remain the country’s largest manufacturer of branded vitamin C products.
“Like” the “Share the Good” app on Facebook.com/EmergenC
References:
http://www.walrusnyc.com/
http://www.pwc.com/us/en/retail-consumer/publications/
http://www.facebook.com/press/
About Ready Set Rocket
New York-based Ready Set Rocket is the ideal digital agency. We create ideas, nurture them, prove them, and put them into action. At Ready Set Rocket, we never stop making good ideas better. Our digital marketing services include digital strategy, website design, website and application development, social media marketing, search engine optimization, and search engine marketing. We work with global brands including Better Homes & Gardens, Fast Company, Emergen-C, Double Day, UPS, and notable others.
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Filed under News by on Oct 6th, 2010. Comment.
Todd Proa Tells You ?how to Find a Good Real Estate Agent, Online?
Todd Proa tells you “How to Find a Good real estate agent, Online”
Are you looking for a good real estate agent? Todd Proa, a real estate expert, may be of help. Read Todd Proa’s guidelines to hire a dependable agent, online!
Todd Proa believes and suggests that browsing through Internet Marketing ads is an excellent idea to profile and shortlist good real estate agents. Why so? Todd Proa believes that “economic meltdown” and wobbly interest rates, along with other increasing expenditures are forcing most of the firms to reduce their marketing spends and look for low-cost advertising options, which, in spite of being low cost mediums, command huge audiences. Hence, the Internet. You will find most of the good companies listed on the Internet.
Todd Proa says that hundreds of property deals happen over the Internet, every hour. Various online services like Multiple Listing System or Multiple Listings Service (MLS) are used by realtors to share information about properties. This listing is observed by various brokers who indicate potential buyers or serve as a help in getting a buyer for their property.
Todd Proa suggests that an aspirant can find number of mortgage broker websites that deal specifically in large estates, duplexes, and beach front properties. Economists track property trends quite closely as the present recession in the real estate industry has affected almost everyone related to the real estate in some or the other way. Todd Proa has followed the works and studies of the most respected names of the real estate industry. This has lead Todd Proa to believe that home owners, buyers and sellers, mortgage loan and construction companies, service providers of marketing for realtors, and the realtors, alike, are all facing difficult times and going through adverse phase of economy and business.
Todd Proa of Upstate New York suggests scanning the real estate related Internet advertisements carefully to find the right broker, online. However, do not forget to ask your associates and friends for recommendations. Todd Proa believes that nobody will hire a realtor who is not recommended by anyone.
In conclusion, Todd Proa says that it is very important to browse the real estate marketing classifieds and agent listings to find a dependable real estate agent of your area. Further, Todd Proa says that it is better to contact real estate agents who have worked for you and choose the one who has a good online reputation along with good amount of experience.
Todd Proa is a researcher of the online real estate industry.
www.toddproa.com
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Filed under News by on Sep 29th, 2010. Comment.
Is Now a Good Time to Buy Property in the Uk?
The global financial World is in a state of more turmoil than most people can ever remember seeing. The rumours of a UK property crash are abundant and many people are rightly asking, "is it the wrong time to buy property in the UK?"
But are we really on the verge of the property market crashing down around us?
This article will explore what's currently happening in the financial market and whether now is the wrong time to be buying property in the UK. It's goals is that after reading it you will have a much better understanding of the current financial climate and how you can still make money in it.
What's happening in the financial markets around the World?
The speed and the depth of reach of the fall out from the sub prime financial crisis in the States has taken many investors and financial organisations by surprise. Many people knew that the stability of the US economy had far reaching implications for the rest of the World, but just how far, is only just becoming apparent.
There has been a panic amongst lenders in the UK and a reluctance to really admit how hard they have been hit. Banks are no longer lending money to each other as freely as they used to and they are all suspicious of the state of each others finances.
All the big lenders appear to have been hit heavily. Some of them are now admitting it openly and asking for help from shareholders while others are determined to try and put a brave face on and try to brave it alone.
The Bank of England is desperate to keep the mortgage market stable and the economy going forward. There is confusion within the Bank of England as to what is the best way to achieve this, but as a result of them knowing something has to be done, they have decided to make 50 billion pounds available to try and help curb the problem.
One thing that that has become abundantly clear is that many banks and financial organisations appear to be run by people with very little business and financial savvy themselves. Criteria that have been set in the past for lending purposes seem to have gone out the window and one has to ask oneself, on what basis where they set in the first place?
On the whole, 100% plus mortgages seem to have been abandoned. Big players in the buy to let mortgage market, such as Mortgage Express, have pulled key products, such as their same day remortgage product and are now insisting investors have had their property for at least 6 months before being allowed to remortgage.
Many property investors are finding life difficult as they are having a hard time finding mortgage products that make buy to let investing financially viable.
Surveyors seem to be running around like headless chickens, not really having a clue how to value properties in the current climate. While they where confident of their valuations in a more stable market, bring in a little instability and their valuations seem to be on shaky ground, with each surveyor looking over his shoulder and being scared to overvalue properties, hence many times undervaluing them.
Off plan property investors are being especially hard hit since surveyors are being particularly caution with anything that it is difficult to get comparables for. Properties that where bought off plan 18 months ago are now coming to completion and are not worth what they where projected to be worth.
The lending World has shown how fragile it actually is and the truth has been laid bare for all to see.
Should we stop buying property in the UK altogether?
Good question. And with the speculation of a UK property market crash, it is a question that many investors are asking. However, experienced property investors, have seen similar things before, and because of this, they don't get caught up in the endless speculation of what's happening in the property market. They know that they just need to focus on buying BMV properties based on local affordability that have good rental yield and they will be fine.
They are confident that if they can buy these properties for around 4 times, or less, of what the local average salary is and they can manage to get a reasonable rental yield, then long term they are onto a winner.
However, if you are looking at buying in areas where the property prices are 7-10 times the local affordability then you are potentially on shaky ground.
These are great learning times for the positive thinking UK property investor. For the next few years you probably won't be able to complacently buy a property anywhere in the country and just expect it to rise in value. Now, is the time when you have to learn your craft properly. It's time to go back to school.
For the investors that understand the property and financial markets, and learn how to work with them in any and all conditions, then the next few years promise to be times of learning and expansion, not contraction. Yes, there are difficult times a head, but out of huge challenges can come tremendous growth.
Making money from property is possible for most people, to learn more free tips and to get some expert advice on how to do it visit the www.investment-property-guru.com website.
Article from articlesbase.com
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Filed under News by on Sep 29th, 2010. Comment.
5 Great Tips To Finding a Good Pleasanton California Real Estate Agent
If you are buying a house instead of selling a house, you really don't need an agent, let alone to find a good Pleasanton California real estate agent.
But for many savvy home buyers, the only purpose an agent serves is to get the buyer past the guard at a gated community, or to unlock the key to the seller's empty house from the lock box on the front door. But if you know you need to find a great Pleasanton California Real Estate Agent who will tenaciously hunt down houses matching your criteria; it can save you a lot of time.
But you do still need a good property attorney, and no matter what you do, don't let your agent choose your property attorney. You choose your own property attorney on your own.
Trying to find the Pleasanton California real estate agent who embodies a good amount of commitment, energy and local knowledge can still be a challenge. Discover the 5 great tips I have here for choosing good Pleasanton California real estate agent criteria that are also applicable for all agents and you'll be ahead of the game:
1. Where the agents came from doesn't matter
There are a few types of agencies out there such as small ones, large ones, franchises and independent agencies, but don't get too hung up on the differences. The individual agent is more important than the agency.
2. Know what type of representation you're looking for
Most agents are sellers' agents, meaning they only represent sellers' interests to sell (to the disadvantage of buyers). This is great if you're a seller, but if you're looking to buy a home inquire about the buyer's agents who are brokers who represent the buyer's interests in the transactions at any agency you look at.
3. Interview potential agents
Experts suggest you sit down with at least three prospective realtors, so you can get a feel for them and what they can do for you. Remember to ask them how well they know your neighborhood and exactly how often you'll hear from them. Ask and check their references. Evaluate the prospective agents' personality as well. Your relationship with your agent will be a working one, and if you don't think you'd work well with him or her, it won't work out.
4. Questions to ask – i.e. to a prospective Pleasanton California real estate agent
How long have you been in this profession?
Are you a full time agent?
Are you familiar with the area, i.e. Pleasanton California, in which we want to look?
How many home sales did you participate in last year?
What is the average sold price of the homes you sold last year?
Do you normally work with sellers or buyers?
How many buyers are you presently working with? How many sellers?
Where do you feel your strengths lie?
What 3 buyers that you have worked with can you give me as references?
5. Look for experience.
The real estate profession has a high rate of turnover, which means lots of untested agents are constantly moving in and out of agencies. If you're considering working with a particular agent, realtor or broker, ask how long they've been practicing. If it's been less than two years, keep looking.
Well, that's about it for the tips on how you can search for your good Pleasanton California real estate agent. However, some people prefer to look for their house by themselves without the help from any agents. The fact is this may be better because no one works harder in finding your perfect house for you other than yourself, therefore you might also want to consider finding a real estate property by yourself.
Need to search for real estate yourself? Try out this new free real estate search to access fresh comprehensive listings and have exclusive ability to buy directly from banks or any institutions, for up to 90% off the actual market value of any property.
Article from articlesbase.com
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Filed under News by on Sep 27th, 2010. Comment.
A Condominium that can be a Good Investment
In today's present economic condition, it is expected that prices of properties are going down as well. Financially speaking, it is better to buy than to sell properties today because of the decline of the economic state globally. Many people are looking for properties to buy since the prices of real properties today are low and you might be one of those who are scouting for a promising property in the market in the future.
If you want to make a wise investment, looking for Toronto downtown luxury condominiums will be a good choice. The location alone signifies good picking since Toronto is the business capital of Canada. Needless to say, if you buy a property in the city today, expect that the value will be doubled or even tripled within five to ten years.
Trump International Hotel and Tower can give you the investment that you are looking for. They are offering 118 available residential units. If you want to have a second or third home in the form of an excellent condominium, this is just the right place for you to look. Since it is in a hotel building, expect that you are exposed to profit if you look into having a property within the building. Since a condominium is a property within a property, you will be having an asset in the most luxurious residential building in Canada.
Another grand opportunity that you will be having if you own one of the Toronto downtown luxury condominiums that Trump International is offering is the great income that you can generate if you want to enroll your unit in the rental program of the hotel. Anytime that will be using your suite, a great amount will be given to you as rent on your unit.
Aside from the fact that the property can be sold to a higher price in the future, you are also generating funds that would definitely be useful during this trying times of our economy.
So, if you are looking for a perfect asset, having Toronto downtown luxury condominiums in the heart of the business district of Toronto is not just a good choice. It is the best choice for investment. For more information visit to our site at http://www.trumptoronto.ca
Erica Marcial is a real estate consultant based in Michigan. She's also an author of some of the best selling books in the field. She's currently living in Orlando where she continuously share her expertise and knowledge about the subject.
Article from articlesbase.com
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Filed under News by on Sep 27th, 2010. Comment.
Good investment in a Toronto Downtown Luxury Condominiums
Finance issues are always expected in our daily routine. Needless to say, having a Toronto downtown luxury condominium will be a great help if you choose to avail Trump International Hotel and Tower's rental program.
Being situated in the heart of Toronto's business district gives your unit a greater chance of being rented especially during peak of the business weeks in Canada. Of course, tourist would choose a location that would give them easy access to the full benefits and grandeur that Toronto can offer. And that would give you a better chance in gaining more revenues from your suite.
How can a Toronto downtown luxury condominium help you more in generating revenues? Take into consideration the location. Trump International Hotel and Tower is located in the heart of the financial district of Toronto. Being in the center of the business site provides a better market compared to the set-back location of other condominiums.
If you decide to let others use your unit while you will be away for a vacation to your first or second home, that's a great move in generating additional income from your property. Your personal effects will be kept in a safe location upon your departure and will be always available once you return. This is to avoid the risk of hotel guests using your personal belongings while enjoying the perks that the hotel can offer them.
Since the hotel will be responsible for the maintenance of your Toronto downtown luxury condominium while you are away, you don't need to worry for the place cleanliness. Of course you can enjoy your vacation, while the hotel is looking out for your condo. And not only that, you are being paid for every time your unit is rented from the hotel.
So, having a Toronto downtown luxury condominium will be a wise decision. Consideration is made on the location, the market efficiency of your place more, great services that the hotel can offer to residents and guests, and more importantly the comfort and luxury in living in this five-star residence building.
Your property can be sold to a higher amount once you decide to let it go in case you don't want to keep it. For more information visit to our site at http://www.trumptoronto.ca
Erica Marcial is a real estate consultant based in Michigan. She's also an author of some of the best selling books in the field. She's currently living in Orlando where she continuously share her expertise and knowledge about the subject.
Article from articlesbase.com
The Plaza Residences are nestled perfectly between Scottsdale, Northeast Phoenix, and Paradise Valley and are directly across from the Kierland Master Planed Community, on of the most desired addresses in Arizona. You are also just minutes from a great assortment of retail and entertainment centers. With convenient access to the Loop 101 and 51 freeways. The community is located within the Paradise valley School District surrounded by renowned medical centers, premier resort hotels and is situated directly across from the Scottsdale Airport and Airpark.
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Filed under News by on Sep 26th, 2010. Comment.
Denver, CO (PRWEB) July 7, 2006 –
Condo Hotel projects are popping up everywhere. Steve Roszell of CondoHotels.com (www.condohotels.com) offers investors some sound advice on how to sort out all the different options.
“A big name or personality on a project does not guarantee success,” says Steven Roszell, owner and broker of CondoHotels.com and HotelsForSale.com. “Ivana Trump, George Clooney, Michael Jordan, and even the Hard Rock Las Vegas project are some of the most recent examples of scrapped projects. And just recently announced, Nicky Hilton is also getting into the game.”
“Big brands, seasoned developers and management companies are a better indication on a project's success. Four Seasons, Ritz Carlton, Marriott, Hilton, Westin, St. Regis, W, Sheraton, Donald Trump, Falor’s, Turnberry, Millennium Partners. We tell investors, a Condo Hotel purchase is a lifestyle investment. Buy in locations where you want to vacation for the next 5 to 25 years,” says Roszell. “There are a limited amount of location, location, location areas that can be built, and in time those locations will be harder to get a room in during the peak season.”
“When I sell a hotel or resort, the buyer is looking at several factors” Roszell added “Location, growth and future income. The same should hold true when investors are purchasing individual units in a hotel.”
Condo hotels or Condotels convert a portion of rooms into condominiums and make them available for purchase. Once a property is bought, owners can enjoy their new luxury condo and/or choose to rent it. Owners receive a percentage of any rental proceeds and hotel management takes care of maintenance and cleaning.
About CondoHotels.com (www.condohotels.com)
CondoHotels.com has a team of local, licensed realtors in Florida, New York, Colorado, Las Vegas and soon in Mexico, California and Hawaii and everywhere Condo Hotels are opening.
Contact:
Steven Roszell
Licensed Real Estate Broker CO and FL
CondoHotels.com
Condo Hotel Connection
Condo Hotel Collection
HotelsForSale.com
303-561-1900
steve @ condohotels.com
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Filed under News by on Sep 22nd, 2010. Comment.
How to Choose Good Miami Condos
Miami is the largest city in the metropolitan area of Southern Florida. Miami is also considered to be a world city because of the high cultural and financial importance that this city has. Moreover, the largest and the most influential port in the United States is found in Miami and there are few cities in this world that benefit of such incredible views and surroundings like Miami does.
Considering this, you can only imagine why in the last years there has been a building frenzy in Miami. The number of people who decided they must see the amazing views of Miami when they wake up in the morning was so high that more and more condo buildings started.
Now, because the offer for Miami condos or luxury Miami condos is so high, you must be very careful how you choose your condo when you decide to move to Miami. There are a few important things that one has to consider when making this investment.
First of all, do not be fooled by any pompous name and do not settle for the best view ever without looking into some other important facts related to luxury Miami condos. So you like the name and you love the view, and the interior of the condo, and the services that you are offered are to your liking, but should it stop here? No!
One of the most important parts that you have to pay a lot of attention to when deciding that Miami condos are what you want is the financial health of the luxury Miami condos association. Slack maintenance is almost always a sure indicator of financial trouble. This may mean that the fees you have to pay are much higher than for other Miami condos and this also means that you might have some trouble later when wanting to sell the propriety.
To avoid all this trouble and make sure that the investment you make is safe, once you have chosen the luxury Miami condos building of your choice, it would be wise to follow a few steps that might save you from a headache later on. Ask the association for a copy of their last financial statement, check the covenants, rules and restrictions to make sure that they are to your liking, learn as much as you can about the condos association and last but not least try to find out what is the owner- tenant ratio. After you have checked all this must do’s on your list and the results are satisfying, then you can purchase that Miami condo that you were looking into.
If you want to enjoy your condo and make the best of your investment, it is not enough to settle for a nice view and tasteful furniture. However, if you follow these few steps, then you can surely enjoy your luxury Miami condo and be sure that you have made the right choice. The number of condominiums that you can choose from in Miami is vast and this is why you need a little guidance along the way.
For more resources about Miami Condo Development or even about Miami Condos please review http://www.paramountbay.com
For more resources about Miami Condo Development or even about Miami Condos please review http://www.paramountbay.com
Filed under News by on Sep 20th, 2010. Comment.
How to find good real estate/property agents?
Why you should consider employing a property agent at all? What can he do for you that you may not be able to do yourself? First of all, if you select the right agent, he will be able to guide you from your initial goal setting phase through the selection, acquisition and management of your investment. His services may help make your venture an outstanding real estate investment, especially for the first time investor.
A knowledgeable property agent not only understands and practices the many different facets of real estate investing, but he also knows the market. When it comes to negotiating the purchase, he is a middleman, able to get a contract agreement more easily than when a buyer and seller meet face to face. When it comes to selling or renting a property, he is a salesperson, able to locate the right buyer/tenant for you.
However, there are many full-time real estate salespeople who have never been active or have never become knowledgeable in the filed of investment real estate. Since you are about to invest the largest sum of money you have ever spent, you deserve the best.
The property agent you want should have the basic knowledge in real estate investing, taxation, depreciation, management and financing. He is experienced in the field because it is his only business.
How do you find this agent? Contact them through property listings/advertisements on local papers, Internet or referrers like your relatives and friends. Give them a call and ask them some questions about property investment to start the evaluation process.
When you are evaluating a property agent, watch out for agent with the following characteristics:
1. Cannot answer most of the questions you ask about a property and its prospect of investing, such as the age of the property, expected rents, rental demand, maintenance cost, etc – he may not be knowledgeable enough to assist you. Some of the questions that you may want to ask him:
How old is this property? Fully-furnished or unfurnished? Lease hold or free hold? How big is the built-up area? How much is the monthly maintenance cost, if any?
Any other expenses for this property? Has the individual title issued? Why does the owner want to sell?
What is the lowest offering price? Is the price reasonable in the market? Any room for negotiation?
How much is the highest and lowest rent you can get for this property? How long will you need to find a tenant for the property?
2. No reply at all after you have called them – he may be picky about his clients.
3. Respond to your enquiry slowly until you have to remind him – he may not be interested to serve you.
4. Prefer to SMS you instead of calling you, unless the SMS delivers details like numbers and addresses – he may be stingy and calculative (he may not even want to fork out money to advertise for customers).
Two simple rules of thumb of a good property agent:
Care to go for extra miles – able to provide more information and services than you wanted. Fast response – time is the money.
Although normal custom seems to dictate that a property agent is employed by the seller of a property, there is nothing wrong with you, as a buyer, employing him to find you investment and you paying him professional fee. He should then represents you and is obligated to purchase the property you want at the lowest price and best terms.
In Johor Bahru, the market rate of agent's professional fee or commission is seller pays 2% of the purchase price while buyer pays 1%. It seems to be a norm also in Johor Bahru that in most transactions there is only one property agent – a salespeople appointed by the seller.
It is always not advisable to just rely on seller's agent in your purchase – there is conflict of interest because the agent tends to side the seller since their pay is proportional to the purchase price. In fact, a property/estate agent shall not accept fees from more than one client in any one transaction.
For example, if you are buying an auction property from a bank through a property agent assigned by the bank, the agent should only receive commission from the bank and you don't need to pay the agent.
However, the services and investment guidance you can receive from a good property agent is well worth what you pay him. If you like his services, do pay him well and pay in time.
Read more about real estate investment tips at http://reijb.com
We write regularly about real estate investment. Some of our featured articles include:
"How to estimate the value of a property?"
"Why apartment can be the best real estate investment?"
"How important is location to an investment real estate?"
Coming from a humble little town called Tangkak in north Johor state of Malaysia, OngKL has chances to learn and work both in Johor Bahru and Singapore – a conurbation with 6.49 million still fast growing population – since year 1996. He is now having a chance to contribute back to the community by sharing what he sees, what he knows and what he learns in this wonderful place.
Filed under News by on Sep 19th, 2010. Comment.
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