Special Offer 50% Off all Listings

February 10th, 2011 by admin

Receive 50% discount on all uploaded real estate listings at Property Shop International now through February 28th 2011. 

Go to www.propertyshopintl.com Use promo code “MMHHH” to activate your discount.

About Property Shop International…

Property Shop International is an international real estate property listing service and directory which is member based. Property Shop International connects real estate property buyers with real estate property sellers, owners and managers from around the world.

Property Shop International provides the technology and easy-to-navigate, online directory of thousands of properties worldwide; it focuses on assisting sellers from around the world to market & advertise their properties in a targeted, effective, fast, simple and low cost manner and to help buyers with an easy to use, free network where they can search for international properties.

Registered users/members communicate directly with property owners and buyers; they can easily create and manage their property listings with full descriptions, and photos.

Property Shop International is privately owned and operated and personalized service is key to our success! Property Shop International was created by individuals with a vast amount of experience in the International Real Estate Industry. The site has been designed with special attention to the “Listing” and “Searching” practices of both Sellers and Buyers.

Lenders Loosen Up

February 4th, 2011 by admin

FICOs and FHA: 2 big lenders loosen up
Wells Fargo, Quicken Loans revise credit, down payment requirements
By Ken Harney, Monday, January 31, 2011.

Here’s some unexpected good news for anybody working to get buyers into houses, especially first-timers who don’t have much down payment cash on hand: The door to an FHA-insured mortgage just opened a little wider.

With no fanfare or public announcements, two of the largest FHA-approved lenders have backed off their controversial “overlay” requirements on FICO scores (lender overlays are qualification requirements that can be more stringent than FHA’s own requirements).

Both Wells Fargo and Quicken Loans confirmed to me last week that they will now lend to applicants with 580 FICOs and 3.5 percent down payments.

Their revised standards conform in most respects to FHA’s own minimums, and open the agency’s financing to large numbers of buyers whose credit scores have sagged during the recession. Wells Fargo is the largest originator of FHA-insured mortgages; Quicken ranks third, according to industry data.

Ascott Plans to Invest Across Europe & Asia

February 2nd, 2011 by admin

The Ascott, one of the largest serviced residence companies in the world, has announced plans to invest in twelve new properties across Europe and by the end of 2011.

The new properties are likely to be located in Shenzhen in China, Chennai in India and Doha in Qatar. The Ascott is also looking to increase its presence in Europe and management are eyeing locations such as Paris, France. They also aim to double their presence in China by 2015.

developer CapitalLand, the parent company of The Ascott, has reserved a total of US$800 million (S$1 billion) for its expansion plans in 2011. Of this, The Ascott will invest US$54 million (S$70 million) to renovate sixteen residential properties across Europe and .

CEO of The Ascott, Lim Ming Yan, commented; “A weak Euro has generated a lot of demand because it has become a lot cheaper for travellers to go to Europe.  The exchange rate will obviously affect us but on the other hand the absolute value in the Euro term has gone up, so the two will compensate each other and on the whole, we expect that to be neutralised.   All in all, I will say that at this point in time, with the euro devaluing, it gives us a lot more opportunities to look into new opportunities and new projects in Europe”.

The Ascott are also planning to increase their residential properties in India, from 1,396 currently, to four thousand in the next five years.

“Although we have six projects [in India] under various stages of development, we haven’t yet got operating properties so that, to me, is a very major untapped market.  So we will want to do a lot more in India.” Lim added.

This year The Ascott plan to add a total of two to three thousand serviced apartments to their worldwide portfolio. This will increase the total number of serviced apartments under their management to twenty nine thousand.

Trump to Build New Luxury Tower In India

February 2nd, 2011 by admin

Trump Organisation, the real estate and entertainment company, privately owned by businessman Donald Trump, has announced plans to enter the Indian market by building the Mumbai. In what will be Donald Trump’s first real estate venture in , Trump Organisation will work alongside Indian developers Rohan Lifescapes to construct the luxury residential project in Mumbai.

Rohan Lifescapes will be responsible for building the , which will be officially launched by Donald Trump himself when he arrives in .

The Mumbai will be a 3,000,000 square foot complex with 45 spacious apartments. The building will feature a luxury spa, a gymnasium, a mini-theatre and residents will benefit from a state-of-the-art security system.

Donald Trump Junior, executive vice president of Trump Organisation , commented, “The market place [in ] is beginning to understand and appreciate luxury, so there is a great opening for us there, as well as in resorts”.

The market in Mumbai was badly affected by the global economic downturn in 2008 and saw new home sales fall by twenty five percent.

However, during the last ten years, the number of wealthy Indians has grown rapidly. In fact, the Merrill Lynch-Capgemini World Wealth Report showed that the number of millionaires in had increased from 84,000 in 2009 to 126,700 in 2010.

As the wealth of the Indian population has continued to grow, luxury developments in have seen increasing demand.

A recent, if extreme, example of this was the construction of Antilla; a twenty seven-storey house in Altamount Road, south Mumbai.

Owned by ’s richest man, Mukesh Ambani, and named after a mythical island in the Atlantic Ocean, it is estimated that Antilla cost Ambani around £44 million (US$70.3 million) to build. Unsurprisingly, according to recent reports, the new will be in south Mumbai; the same location as Antilla.

China to Build $1.5 Billion Dollar Commercial City in Bangkock

February 2nd, 2011 by admin

China is building a US$1.5 billion “commercial city” in Bangkok, Thailand to help traders re-export Chinese goods from Thailand by avoiding costly tariffs.

The 700,000 square metre site (the equivalent area of one hundred football pitches) will be in the China City Complex on the outskirts of Bangkok City and will have enough space for over 70,000 Chinese traders.

Construction began in January of this year and completion is expected by 2013.

“Apart from the business opportunities in Thailand, Chinese exporters can also promote their products to developed markets such as the European Union and the United States through this project,” commented Yang Fangshu, chairman of the ASEAN-China Economic and Trade Promotion Centre.

In January 2010 China signed a free trade agreement with the Association of Southeast Asian Nations (ASEAN) which created the third largest trading zone in the world, after the European Union and the North American Free Trade Agreement.

Under the terms of the AESAN agreement, tariffs are removed from ninety percent of goods traded between the following countries; China, Indonesia, Brunei, Malaysia, Philippines, Singapore and Thailand.

For the remaining ASEAN member countries, Myanmar, Cambodia, Laos and Vietnam, the tariff reductions will come into effect in 2015.

In recent years China has seen its export trade boom, reaching levels of US$196.1 billion in 2009 and US$190 billion in 2010. This increase in China’s exports has led many nations to complain about cheap Chinese goods flooding the market.

The US and Europe have also criticised China’s exchange rate controls; accusing China of making their exports artificially cheap and giving Chinese manufacturers an unfair advantage over their European and American counterparts.

United States to Implement Housing Market Protection

January 19th, 2011 by admin

US to implement housing market protection

Federal officials took two steps Tuesday to attempt to reduce the likelihood of a second financial crisis caused in large part by large declines in the housing market.

The first would try to tackle the problem of foreclosures. The Federal Housing Finance Agency, which oversees the massive mortgage finance companies Fannie Mae and Freddie Mac, said it would consider a new approach to how home loans are managed by banks. Critics say the current system makes it more lucrative for a bank to foreclose than to find ways to modify loans to allow struggling borrowers to stay in their homes.

The second would try to curtail reckless mortgage lending by more tightly regulating what firms can do with the loans they make. Currently, banks can pool mortgage loans together into an investment and sell that to investors around the globe, passing on all the risk associated with the loans. But a report released by the Treasury Department, as required by the Dodd-Frank law overhauling financial regulation, endorsed the law’s prescription that banks be forced to hold on to a portion of the investment, making it difficult for a bank to ignore the risks associated with lending.

Recognizing that private firms and government programs have had difficulty carrying out a large number of modifications to mortgages to avoid foreclosures, the FHFA said it would consider several approaches to how banks should manage home loans. Studies have shown that foreclosure is often more profitable for a company, known as a mortgage servicer, that collects the monthly payments on mortgages and passes them on to investors who own the mortgages.

SH2011

Now is the time to buy that Florida Dream Home

January 18th, 2011 by admin

A few years ago, Florida was one of the most expensive states in the United States to live in. However in 2011, and with property prices having almost halved, post-real estate bubble, it’s presenting some very attractive bargains to both investors and companies alike.

A recent survey found that out of 55 cities across the United States, Orlando was the cheapest to operate a business in.

Residential real estate is looking equally attractive, especially considering that last week every single US state except Florida recorded snow on the ground, with 70% of the continent completely covered. Adverse weather conditions mean affluent retirees are flocking back to the sunny state’s property market, which also features a comparatively low tax rate and extremely affordable short-sale and foreclosure properties.

When it comes down to it, would you rather shovel snow in your driveway up North or sand on the beach in Florida?

SH2011

Decorate your Home For The Holidays

November 12th, 2010 by admin

The key to holiday decorating is to keep the decor high quality and color-coordinated, says June Lizotte with June Lizotte Real Estate in Milwaukie, Ore.

If you plan on staging a home for the holidays, here are some important things to keep in mind.

1. Don’t overdo the holiday cheer.

When Santas start to outnumber the rooms in the house, you may want to start being more selective in what you display.

“If it is ‘cute,’ it stays packed,” says Joanne O’Donnell, president and CEO of Chic Home Interiors, who offers holiday staging services. “Cute is not a universal concept and the surest way to avoid trouble is to keep it simple and elegant.”

The same staging principles apply during the holidays: Don’t overwhelm the space with clutter.

“For every holiday decor item put on display, temporarily pack something you keep out all the time. That way you can avoid over-decorating,” says staging and real estate pro Tori Lynn Wallitsch with Alliance Real Estate and Ross Designs LLC in Omaha, Neb.

Instead of a large Christmas tree dominating the living room, you might opt to have a smaller tree display on a table top — particularly if the space is small, suggests Lizotte. Your decor doesn’t have to be super-sized or scattered everywhere: Mix in small centerpieces on dining room tables, bookcases, bathroom sinks or end tables — simple touches such as pine cones or ornaments in a glass bowl. (See 11 Inexpensive, Simple Holiday Decor Ideas).

You also might want to have home owners rethink hanging those Christmas stockings from the fireplace too.

“Whatever the season, when you are selling a home, you want buyers to notice and appreciate the permanent features of the home and if your fireplace is almost impossible to see because your highly personalized stockings are blocking the view, then buyers will not appreciate this focal point for what it is,” Wallitsch says. Instead, ask your sellers to hang the stockings on Christmas eve and remove them Christmas day.

2. Add splashes of holiday colors.

How about some holiday red? Psychology research on color responses has shown that warm colors, such as red, can increase excitement and energy in those viewing it. Pops of seasonal colors — such as red or green — add festive cheer to a home too and can be as simple as just adding a red everyday throw to the sofa or adding poinsettias throughout the home.

It doesn’t have to be bold holiday statements: Add greenery to fireplace mantels or as a base for the dining room table centerpieces, O’Donnell says. Or another holiday favorite: Bows and ribbons can add splashes of color — tie them around candles, wreaths, and basket handles throughout the house for extra pops of color. Don’t underestimate the power of neutral palettes too in your holiday decor, such as silvers and classic whites.

Try repeating colors from room to room and using similar ribbons, ornaments, patterns or decorative items that can add to the consistency of your holiday look, according to holiday decorating tips by WorldofChristmas.net.

But when bringing in holiday colors, be careful not to clash with your home’s current color scheme, O’Donnell says. For example, if turquoise is the room’s dominant color, you might want to hold off on adding bold holiday reds; try silver instead.

3. Stage for the senses.

Get buyers in the mood with some holiday music and the smell of Christmas filling the home. Christmas music — mixed with holiday scents — has been shown to boost people’s attitudes in retail stores and increase their likelihood of wanting to visit them, according to research conducted in 2005 by Eric R. Spangenberg, Blanca Grohmann and David E. Sprott Journal of Business Research (Vol. 58, Issue 11).

Cunningham usually gives a holiday CD to her clients to use for showings — it features mostly instrumental and soft holiday music.

For scents, O’Donnell recommends adding a pot of mulling spices or cider. The Smell of Christmas by Aromatique (candles, potpourri or oil) is a favorite of Cunningham’s or candles that smell like pine or fresh-baked cookies can create holiday season scents too, adds Valerie Torelli with Torelli Realty in Costa Mesa, Ca.

But if you’re going to include a holiday scent just don’t forget the music. The 2005 study showed that the presence of Christmas scent (Enchanted Christmas by Greenleaf in this case) with non-christmas music lowered buyers’ perceptions of the store and its merchandise. But when the Enchanted Christmas scent filled the air with Amy Grant’s “Home for Christmas” music playing in the background, participants had a favorable response and were more eager to buy.

4. Keep the tree simple, yet elegant.

The Christmas tree will likely be your biggest decor piece so it needs to make a statement. Use a string of 100 lights for every foot of tree, suggests Cunningham. In other words, if you have a 7-foot tree, use at least 700 lights (she prefers the white twinkling ones).

Other tips:

•If your tree is larger than six feet, consider removing a piece or two of furniture so the space doesn’t feel crowded, Wallitsch says.
•Use ornaments all in one basic color palette with “show piece” ornaments mixed in that add extra style, O’Donnell says. As a general rule of thumb, use about 20 filler ornaments (such as one or two tone bulb ornaments) for every two feet of Christmas tree and then mix in those special “show piece” ornaments between the filler ornaments, using about 10 for every two feet of tree, according to interior design writer Coral Nafie who wrote about holiday decorating tips at About.com.
•Hang ornaments on the tips of branches as well as inside the tree to add depth, and mix in various size of ornaments.
•Make sure ornaments that are overly personal — such as those marking milestones like “Our First Christmas” or “Baby’s First Christmas” — are not in prominent locations on the tree or keep them packed up for next year, Wallitsch suggests.

5. Give a holiday impression from the curb.

You needn’t be able to view your outdoor holiday lights from space, Clark Griswold, to show your holiday spirit. Twinkling clear, white lights (preferably non-blinking) tend to be the favorite among staging and real estate professionals for classy holiday curb appeal that adds a glow to your listings at night.

“The winter months are usually less than attractive outdoors and some well-placed and tasteful holiday lights or yard ornaments can go a long way to adding a festive and welcoming touch,” Wallitsch says. “Just remember that many potential buyers may either cruise by your home for sale during the day or schedule a showing during the day when outdoor lights are more likely to be an unsightly bunch of wires (such as icicle lights) rather than a cheerful display of color or white lights. Do your best to make your home show its best during the day and night.”

Here some holiday curb appeal tips:

•Add poinsettias: Plant several poinsettias in groups of three or five close together in the garden. “They really set off the first impression,” says Torelli.
•Hang a wreath on the front door (and make sure it’s clean!), suggests Cunningham.
•Have battery-operated candle lamps in each of the windows for extra glow and to show off all of those windows at night.
•Make the deck sparkle. For example, a weather-proof, tip-proof tree with lights or a simple strings of lights along the deck’s railing can go a long way in adding charm to your showings after dark, says Judy Jensen, Edina Realty in Eagan, Minn.

Then, consider adding the holidays to your marketing: Take a photo of the home at night as it twinkles from the holiday lights and create a special holiday flyer with information about the house.

“This is a great marketing tool we often use in the months of November and December to help sell the home,” adds Torelli with Torelli Realty in Costa Mesa, Calif.

6. Remove decor after the holidays.

Jolenta Averill, broker-owner of Lake & City Homes in Madison, Wis., once showed a home in the middle of summer that still had a huge Santa Claus on its front porch and a Christmas tree lit in the living room.

But Christmas in July isn’t for everyone, so in general, wait to decorate for the holidays until after Thanksgiving and be sure your home owners remove all holiday decor promptly by New Year’s.

As Wallitsch tells her clients: “If you are feeling a little cheated this holiday season by not putting all of your beloved holiday treasures around your house, focus on the reason that you placed your home on the market and keep your eyes on that goal. Next year when you are comfortably settled into your new home, you can go all out with the holiday cheer.”

Melissa Dittmann Tracey is a contributing editor for REALTOR® magazine.

Timeshare & Fractional Property Owners

November 3rd, 2010 by admin

Property Shop International (PSI) provides an inexpensive way for timeshare and fractional property owners to Internationally list their properties. 

Many times owners pay hundreds of dollars to list their shared ownership properties with a broker, without success! With PSI you only pay a small annual fee to list your property and the owner and buyer communicate directly to each other, eliminating the need for a middleman and the large fee’s and commissions sometimes charged.

List your property now for one year free at www.propertyshopintl.com offer good through January 31st 2011

© Copyright 2011 Property Shop International, Inc. All rights reserved

List Your Property for Free

October 18th, 2010 by admin

Anyone selling real estate, anywhere around the world may register and list their property for FREE at Property Shop International.