Phuket Properties for sale in Thailand

Posted by admin | Property | Saturday 24 July 2010 2:18 am

Buy your Phuket / Thailand double floor villa, set right on the beach in Cape Panwa, the Southern part of Phuket / Thailand.Visit Phuket Waterside Property online at: Phuket properties sale – Property in / Phuket / ThailandBased in the beautiful and exclusive Cape Panwa / Phuket / Thailand, these properties are right on the beach. There are 3 apartments / condos / villas available in this development which was completed in July 2007. Each villa has 282 square metres living space over two levels with 3 bedrooms (all en-suite). For those who need extra beds, we are able to upgrade the chill-out room into a fourth sleeping room.Every room has sensational 180 degrees ocean ocean view of the Andaman Sea / Phuket / Thailand, and its islands, and opens onto a wide terrace on the living level and, onto a gorgeous balcony on the sleeping level.With no streets to cross or busses to catch, these condos are actually on the beach. There is a individual infinity, 30 metre, salt water swimming pool (not sea-water) surrounded by sun beds and shade for those want to take things light. All villas have wireless internet access and are fully outfitted and furnished. Each villa contains 3 double bedrooms, all en-suite. The master bedroom has a especially lush bathroom with a large bath positioned for you to enjoy the ocean panoramas. The outstanding stylish kitchen is outfitted with electric appliances and superiority pots/pans and cutlery/crockery.Each room is elegantly equipped; there is an airy and large living room fronting south and a dining area for 6 – 8 persons. In addition there is a chill-out room where you can use the internet, lean back on a lounge and relax or, play on the latest X- Box technology. Alternatively this room can be changed to a fourth bedroom if wanted.Both the living room and the master bedroom have 42 inch plasma Televisions with DVD players and satellite Television – there is a home theatre in the living room.You are only 15 minutes away from Phuket Town and 35 minutes off from Patong Beach, so you won’t miss out on the night life nevertheless you can still soak up the local life-style.Visit Phuket Waterside Property online at: Phuket properties sale – Property in / Phuket / ThailandTotal unwind in your quiet surrounds, hearing the sound of waves breaking in front your villa and feeling the cooling breezes from the ocean. The panorama is simply amazing; wide-screen sea, island and mountain views can be enjoyed from each room.The condo layout has a large open plan living area, dining area and kitchen, fully decorated with outstanding quality furniture. There are 3 & 4 bedroom villas with 4 bathrooms each.Our 30 m salt-water swimming pool lies along the shore where delighted restaurants and beach bar are 2 minutes walk away. And if you fancy a round of golf or a day at the health club, there are an abundance of picks based nearby.

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Foreclosed Real Estate: Do Distressed Properties Make For Smart Investments?

Posted by admin | Resident Real Estate | Sunday 18 July 2010 9:24 pm

Foreclosed real estate can be one of the smartest investment decisions you’ll ever make. However, it’s not quite as easy as the late-night infomercials suggest. Before plunking down your hard earned cash you should educate yourself about the pros and cons of investing in distressed properties. The following tips can help you understand the facts and be prepared for what lies ahead.
When real estate is foreclosed it must first be placed for sale through a foreclosure auction. In order to buy auction property, individuals are required to place a minimum bid equal to the balance due on the mortgage note, along with any accrued interest, tax or creditor liens, attorney fees and other costs associated with the foreclosure process.
In many instances, more money is owed on the home than it is worth. It is rare to find foreclosed real estate that does not have liens attached. Occasionally, the foreclosed homeowner still resides in the home. The liens must be removed and the homeowner evicted before you can take possession of the home. This can be a tedious and sometimes volatile process. Therefore, it’s critical to engage in due diligence prior to making an offer on foreclosed real estate sold through auctions.
When foreclosed properties are not sold through auction, they are given back to the bank. At this point, property is referred to as “real estate owned” (REO) or “bank foreclosures.” Once the bank retains ownership of the real estate, the mortgage note no longer exists. Oftentimes, the bank negotiates with lien holders to reduce or remove liens attached to the property. The bank will evict persons residing in the foreclosed property, if necessary and may invest in repairs and renovations.
Bank owned real estate may or may not be a smart investment. Engage in due diligence and thoroughly investigate the property prior to making an offer. Start by conducting market research to ensure the price you pay is comparable to other homes in the area. The goal is to purchase REO properties significantly under market value.
When viewing distressed properties take along a note pad, digital or video camera and make note of necessary repairs. Most foreclosed real estate is sold “as is” and this can work in your favor. The more required repairs, the more negotiating power you possess.
Obtain estimates to determine the costs of repairs and renovations. If you plan to do the work yourself, determine the length of time it will take to complete the repairs, along with the cost of materials. Factor the cost of your time and materials into your offer. Just because you conduct the work yourself does not mean you should not include the cost of your time in the proposal.
If you are the handyman type and able to make repairs yourself, investing in distressed properties can be quite profitable. However, if you have to hire contractors to conduct the work for you, it can seriously cut into your profit margin.
Real estate owned foreclosures are purchased directly from the bank. Keep in mind that banks want to obtain the best price possible and keep losses to a minimum. Generally, banks have a Loss Mitigation Department who handles REO properties. Many banks list their foreclosed real estate on their company website. The name and contact information for the loss mitigator is usually posted with the property description.
A lesser known, but more profitable way to invest in foreclosed real estate is to locate private investors who purchase bank portfolios. By purchasing distressed properties in bulk, investors buy at wholesale prices. They then pass along their savings to individuals who purchase the property. Whether for personal residence or investment purposes, it is not uncommon to buy foreclosed homes from investors for 70- to 80-cents on the dollar.
Regardless of the method you choose, foreclosed real estate can be risky. However, if you take time to understand the process and conduct due diligence, you can make a tidy profit by investing in distressed properties.

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Godrej Properties to File for Ipo in Few Days – TV

Posted by admin | Property | Wednesday 19 May 2010 2:19 am

MUMBAI (Reuters) – Godrej Industries Ltd chairman Adi Godrej said on Tuesday the group’s real estate unit, Godrej Properties, will file papers for an initial public offer with the markets regulator in “a few days”.

“We will file the prospectus with SEBI (Securities and exchange Board of India) in a few days,” Godrej told television channel CNBC-TV18. “We will be diluting about 10 percent stake.”

The company is currently developing about 20 million sq ft in Mumbai, Pune, Kolkata, Bangalore and Hyderabad.

Indian real estate firms, hit by surging land costs and curbs on bank funding, have rushed to the capital market as they expand to cash in on an urban real estate boom.

In 2007, real estate firms mopped up a third of all funds raised through public offers in India. Twelve real estate firms raised 151.85 billion rupees, including the country’s largest real estate firm DLF, which raised $2.25 billion.

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