Short Sales – Influencing The Brokers Price Opinion (BPO)

When you do a short sale, the lender most likely will order a BPO.

BPO stands for Brokers Price Opinion and is a process by which a realtor

appointed by the lender, comes out to evaluate the property and give his „opinion“

on what the value of the property is. So the lender sends a realtor out to the

property and it’s your job to influence the BPO to come down as low as you can.

This is the whole key to a successful short sale. This is why you want the lender to

contact you, so you can meet the realtor at the front door and influence their

BPO to come in as low as possible. To build your case, the first thing you

should do is show up with a list of repairs and estimates for the property. If you

have to go get a contractor to bid a job or repair, go get one. The higher the quote,

the better. This is good evidence. The second thing you should do is show up with

a list of comps in the area that are low. Most real estate agents appreciate you

doing some of their work for them. Provide them with the lowest comps you can

find and they will decide if they want to use them or not.

When you meet the realtor on the property steps, just tell him you are the buyer and

doing a short sale on the house. Then you will proceed to walk the realtor

through the property. When you are walking through the property make sure you

point any and every repair or problem with the property. Again, you are trying to

make the value of the home come in as low as possible. If you are dealing with a

nice house with minor cosmetics, you may really have to search for problems.

Then call him the next morning to see if he was able to get the price you wanted. Sometimes they will tell you sometimes they won’t. Just ask to find out. If they won’t tell you, call the bank. Many times they will tell you. You really have no control over this process. You can encourage the BPO to come in low, but this does not always mean they will come in low.

If there is someone living in the property, you may want to ask them to leave when

the realtor comes out to do a BPO. If they can’t, just tell them to stay out

of the way. Explain to them you will be trying to make the house value look as low

as possible. They may not understand why, just tell them it is the only way to save

their house. Also, tell them not to worry about cleaning up at all, leave it the way it

is. This is the one time your house can be a mess. You need to make the value of

the property look as low as possible.

If the loan on the property is FHA or VA, they will not take less than 82% of the BPO.

Usually you can expect the BPO to be in the range of 80-90% of the

repaired value. So if you have a house that is worth $120,000 after repairs, the BPO

you would guess to be about $98,000 to $108,000. Then multiply that amount by

82% and this should give you a good estimate of what to offer. If it is not a VA/FHA

loan, then you can offer whatever you want. It is a good idea to start low, just in

case your BPO comes back lower than you thought, you can always raise the offer. It

is an educated guess to find out what the BPO will be. If it comes back

high not in your favor, sometimes you can call the loss mitigation department and

tell them the BPO is way to high. Many times they will work with you and

order another BPO. Whatever you do, don’t ever give up. If they don’t accept it,

negotiate with them some more. Ask them what they are looking for, or what they

are trying to get. Sometimes they will tell you, sometimes they won’t. Be

persistence. Be patient. Ask, ask, ask. Part of being successful in this business is

how you negotiate. You don’t ever want to be rude to them, but let them know

where you stand. Make them aware of what’s happening to the property.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Jarad Severe

DIY Home Renovation Tips

Home renovation often increases property value. This is one of the most common reasons for renovations, in addition to updating a home and making it more suited to your personal tastes. When it comes to renovations, some homeowners opt to utilise the services of professional contractors. Renovation projects can be very costly, especially where you enlist the services of a professional builder, interior designer or other specialist. This is why some people prefer DIY (do it yourself) renovations, which can be more cost effective, especially where you have the skills to do some of the tasks. So if you are thinking of DIY home renovations, here is a list of renovation tips that may help you renovate your home.

Plan

Having a plan for each step of your renovation allows you to renovate in a more cost effective manner, giving you the ability to budget accordingly before you start the project; an outline of the project will help during the renovations.

Appropriating funds from your budget is extremely important. Kitchens and bathrooms are huge selling points in a house, which means you should spend the bulk of your time and resources renovating those rooms. Often a new coat of paint or new carpet can change the entire look of your bedroom and living rooms, and both are relatively inexpensive ways to improve a place.

If you are looking to increase the property value, talk to a realtor before you start your renovations. Your realtor can provide you with insight as to which renovations are worth the money and which ones will not turn a profit. Additionally, your realtor can provide you with current real estate trends so you can see what aspects of a house are selling points with buyers and which ones are not.

Improve instead of renovate

Before you start the project, think about what you want and decide whether or not you have to replace things or simply reface them. For example, if you are renovating your kitchen, ask yourself if you need all new cabinets or if painting or staining your current cabinets will provide your kitchen with the update you are looking for. In addition, you can remove the doors of your current cabinets and attach new ones for far less than the price of installing a complete cabinet system.

Cost

One of the biggest costs in renovating your house comes from materials. By purchasing and transporting materials on your own you can save hundreds of dollars. A contractor or other third party will charge you delivery fees among other hidden fees to pick up and deliver materials to your home. In addition, doing this yourself gives you the option of shopping around, comparing costs and finding items on sale or clearance.

The best way to reduce cost is to go to places and source second hand building material. If you can’t access used materials, then head to thrift stores or larger outdoor stores that sell cheaper items.

Design

Creating a design for your renovation is perhaps the most important aspect in the remodelling process. Use resources of the internet to get an idea of how you want to design things and speak to professionals to get expert advice and tips on how best to approach the renovation and how to work with the space that you have.

Extra help

Some renovations will inevitable require the use of a contractor. If you are not accustomed to working with plumbing or cabinetry, it is wise to invest in a contractor to handle those aspects of the renovation for you. The low cost of doing it yourself is gone, but not knowing what you are doing can cost you a significant amount of extra money in the long run! If you must go the route of hiring a contractor, you can still get things done cheaply by doing smaller tasks yourself. For example, if you hire a contractor to handle your new kitchen, you can paint the kitchen yourself, which will save you several hundred dollars.

Consider these tips!

Before you start your renovation project, consider these DIY home renovation tips. Each will save you time and money on your renovation. Adhering to them will help you increase the property value of your home and maximise your profits by allowing you to see a return on the money you spent remodelling, should you decide to sell your home.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Sara Berrada

Apartment Building Investing – Find Motivated Sellers

As the creator of the „Buy Your First Apartment Building E-Course“ I have many potential students and beginning investors ask me, „How do I find motivated apartment building sellers?“

There are many ways that investors use to find motivated sellers, however, what I see happening many times with beginners is that they start looking for properties to purchase before they thoroughly understand how to identify a truly profitable opportunity. Here are my recommendations for how to begin learning about multifamily investing and then how to find motivated sellers.

Begin by learning what makes mult-family property profitable by taking these steps:

  1. Study and learn about what makes an apartment building profitable.
  2. Read as many books about real estate investment and apartment building investment as possible. It is a lot easier to learn from other people’s mistakes. There is no need to reinvent to the wheel.
  3. Find a reputable real estate investment club in your geographic area and meet with the commercial investor members. These „old hands“ are a valuable source of market information.

After the aspiring multi-family property buyer has received a thorough education by reading books, industry magazines and networking with other commercial real estate investors then he or she is ready to begin the process of searching for an actual property to purchase.

Contacting Commercial Realtors

A great reference source for finding well educated commercial real estate agents is the CCIM website. The CCIM is a professional designation that qualifies a commercial real estate professional as capable and knowledgeable in the field. You can also find commercial real estate agents using a simple search on the web.

When searching for a commercial real estate agent take these steps:

  1. Speak to a number of commercial realtors in the area and ask about „pocket listings“. Pockets listings are apartment building owners that the experienced realtor might know who are serious about selling their building but they have not listed the property yet.
  2. Find a commercial realtor who specializes in multi-family investments. A good commercial realtor who specializes in multifamily properties should have a great knowledge of what apartment buildings have sold for recently.

Alternative Strategies for Finding Apartment Building Deals:

  1. Place an ad on Craigslist stating what you are looking for:
  2. „Looking To Sell Your Apartment Building? I am a commercial real estate investor interested in buying multi-family property in Philadelphia between 5 and 100 units. I am looking for owner financing over five years with 5% down or will buy with a 20% down payment and a bank loan.“

    Or, here is an ad that I copied directly from Craigslist this morning:

    I BUY MULTI-FAMILY PROPERTIES W/SELLER FINANCING OR QUICK CASH. Need to sell?
    Moving? tax benefits run out? call me for a offer.

  3. You can also place the same ad in the commercial real estate section of your local newspaper but be prepared to pay a handsome sum for the ad and also be ready for unsolicited calls for real estate agents. Newspaper ads do work but you are better off using free or more direct methods like direct mail.
  4. Another strategy is to contact the owners of commercial real estate directly. This can be done in a number of ways. Multi-family owners can be located by researching the tax records of a metropolitan area. Usually, the owner of record will be listed along with his or her or contact information. The next step is to write a letter that explains who you are and what you are trying to accomplish. The purpose of letter to have many interested apartment building owners contact you. You should leave your phone number, mailing address and email address for sellers to contact you. You should make it very easy for the sellers to get a hold of you. Remember, you will need to look at dozens of deals and sellers before you find the one that fits your investment criteria. You can also contact owners directly by telephone. Keep in mind that multifamily property owners are usually very busy so you might want to write a script or have talking points written down so you are able to get right to the point and get your message across accurately.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Ted Karsch

Flipping That House in Oregon – Big Profits Or Big Headaches?

Flipping, the real estate investment vehicle in which you purchase a property below value and soon sell it for a profit, is a very good way to generate positive cash flow. Cash flow is important if you want to pay the bills and feed the family. Flipping has become a big business. I encourage my protégées to buy and sell for a profit without getting into the rehab business if their goal is to be an investor.

In Oregon you need to be careful how you proceed with a flip. If you buy a house and sell it without doing work on it you will not butt heads with the state construction contractors board (CCB). But be careful. If you think you can buy a house, remodel it, and then sell it, you can – if you have a general contractors license or a developers license. In other words, it’s regulated by the state. The purpose is to offer some semblance of protection to the consumer.

The stated mission of the CCB is:

„The Construction Contractors Board protects the public’s interest relating to improvements to real property. The Board regulates construction contractors and promotes a competitive business environment through education, contractor licensing, dispute resolution, and law enforcement.“

A general contracting license with allow you to do the work yourself on a house you plan to buy, fix up, and sell. A developers license will allow you to buy, hire contractors to do the rehab, and sell.

Who needs to be licensed?

According the CCB:

Oregon law requires anyone who works for compensation in any construction activity involving improvements to real property to be licensed with the Oregon Construction Contractors Board (CCB). This includes roofing, siding, painting, carpentry, concrete, on-site appliance repair, heating and air conditioning, home inspections, tree service, plumbing, electrical, floor covering, manufactured dwelling installations, land development and most other construction and repair services.

A CCB license is also required for:

*those who purchase homes with the intent to fix them up and resell them, even if they do not perform the work themselves.

*material suppliers that receive compensation for installing or arranging the installation of the materials.

It’s not difficult to meet the requirements for a contractor or developer license. You simply take a short course that costs around $200 and you learn about OSHA, lien laws, and such – there’s very little in it about how to be carpenter, etc. You then take a test which adds an additional $50 to $100. The test is designed, like most state tests, to be passed so the state can collect fees. You can get through it. When I was first licensed all I needed was a bond and liability insurance, which cost about $125 if I remember correctly, and $50 for the state license, and I was a contractor – no course to take and no test.

The hard part of the process now is securing liability insurance you can afford. My insurance broker, Bob Gorham at Century Insurance in Bend (541-382-4211), has done a good job for me in the past. The insurance part of the equation is tough but you have to obtain it in order to comply with the state regulations.

Who does not need to have a license to work on a house?

The July issue of the Construction Contractors Board Bulletin says the answer to that question is:

1. A person who works on their own house

2. A person who furnishes the materials, supplies or equipment and does not for compensations, install or arrange to have them installed.

3. An owner who arranges for the work to be done by a licensed contractor. But this exemption does not apply to a person who in the pursuit of an independent business, does the work themselves or arranges for the work with the intent of offering the structure for sale before, upon or after completion. It is considered prima facie evidence that it was the intent to offer the structure for sale if the owner does not occupy the structure after completion.

4. A person who performs work on property they own even if they do not live there. And an owner’s employee can perform work.

5. A real estate licensee who performs work on the structure that the real estate licensee manages under contract.

For more information on licensing, you can call the CCB at 503-378-4621. Their web address is http://www.oregon.gov/ccb.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Donald Loyd

Pros & Cons of Canvas Tarps

Unlike the popular, economical blue tarps designed for short term use, or the heavy duty, 18-ounce vinyl coated polyester lumber tarps, canvas tarps are made from 100% cotton fibers, making them a sturdy product that is good for the environment. They come in many sizes, colors, and thicknesses, making them useful in many, but not all, applications. There are distinct pros and cons with regards to canvas tarps. Understanding these factors can help you select the best tarpaulin for your needs.

Canvas tarps are ideal for covering stationary construction machinery and equipment outdoors. The point of using any tarpaulin is to provide protection from sun, wind, rain, and even prying eyes. If your property is securely covered, it is far less likely to be stolen or damaged. Many states require that loads be secured and covered while on public roads, but this is one case in which they should not be used. Canvas tarps are non-trailerable and too likely to tear, resulting in a damaged canvas tarp and unprotected cargo. On the other hand, they last longer than poly tarps and their breathability make them an ideal choice for many applications.

Treated Or Untreated

Canvas tarps come treated or untreated. The treatments make the fabric resistant to water, rot, and mildew. Canvas tarps may be also treated with flame retardant chemicals to make flame retardant canvas tarps. They are also treated with waxes and dyes that make them useful in some applications and inappropriate for others. They can be retreated with products such as Canvak. While these treatments provide benefits, they can also make the material inappropriate for some uses, such as indoor furniture covers.

Cleaning methods vary depending upon whether or not the fabric has been treated. Cleaning treated canvas can be done with soapy water or detergent. Treated canvas should not be washed in a washing machine or dried in a dryer, however. Untreated products can be handled in the same way as any other cotton fabric.

Best Uses

Canvas tarps are best used to cover stationary items where air can breathe through the fabric. Heavy construction machinery and equipment, construction projects, plastic yard toys, and patio furniture are excellent examples of times when this material can provide the best coverage and protection. The air flow keeps the items from molding, rusting, or heat related damages, while the sun and wind protection keep them from deteriorating prematurely or disappearing altogether.

Camping is another excellent time to put these products to work for you and your family. They can be used to provide shade, shelter, and privacy. While not 100% waterproof, the water resistance combined with a reasonable angle can provide shelter from rain. Strung between trees, they can provide shade on even the hottest days.

Not Always The Best Choice

There are situations for which canvas is not your best choice. The treatments used make them inappropriate as vehicle covers or for indoor use. The waxes and dyes used can rub off and stain boat or car exteriors. The chemical treatments also have an odor that many may find offensive. While the odor is usually temporary, the staining factor is not.

As stated earlier, they are not ideal choice for trailering. This means they should not be used to cover truck loads. At the same time, untreated canvas tarps are big favorites among painters and students. These natural fabrics are sturdy enough to be used in a variety of environments and they make incredible painting canvases of practically any size!

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Chris A. Harmen

Pick the Right Berlin Apartments for Sale With a Berlin Realtor to Help

Berlin is the hottest property investment destination in Europe and Germany. Berlin apartments for sale command high prices but are priced far lower than similar property in Munich or London. The high influx of people and slow pace of construction has triggered a demand that is far in excess of availability, present or future. If you are seriously considering investment in real estate in Berlin as a way to get high returns, you could consider Berlin apartments for sale as one of the best ways to get capital appreciation. Even if you do not dispose of the apartment you can always rent it out and get handsome rentals over time. Whichever way you look at it, apartments are sound investments and will certainly satisfy expectations if you pick the right apartments in the right locality.

Apartment prices and expected future appreciation vary according to location. You need to factor this into your investment strategy. A knowledge location is one thing; it must have a suitable supporting strategy, one that you’re Berlin based real estate agency will devise for you.

The best apartments to buy are per-war apartments located in prime areas and in close proximity to streets and parks. Easy access to public transport adds to the apartment’s value. If the apartment is located in prime central locations of Berlin, they will cost more but will also fetch higher returns and better rentals. Mitte is a prime location with the highest property prices and Charlottenburg-Wilmersdorf, Prenzlauer Berg is a close second.

Peripheral areas such as Spandau, Lichtenberg and Marzahn offer apartments at almost half the prices. Should you opt for high density apartments in peripheral areas or should you choose luxury apartment, preferably a per-war building in a prime location in close proximity to amenities? Professional Berlin realtors know prices, rentals and future appreciation that they will blend into an investment strategy designed around your objectives.

One of the pillars of investment strategies is funding and leveraging equity. Properties, especially apartments in Berlin, are considered sound investments. Your Berlin real estate agency helps you obtain local funding. You only need to invest 40% of the apartment cost. Look at apartments in locations that fetch better appreciation and you can leverage equity to apartments that were originally not within your budget and thus gain better capital appreciation. An alternative is to use the remainder of your capital to buy more property. Considering that resale within 10 years of purchase attracts high capital appreciation tax, you can rent out the property with the help of your Berlin real estate agent, who will also manage rental collection and property maintenance on your behalf.

You get a steady income, carry on with your other activities and when the time is ripe, sell the property to make windfall profit. Buying an apartment is simple enough. However, with a local realtor to assist and devise the right strategy, you get more returns and peace of mind knowing the transaction complies with local regulations.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Martin Boelter

Homecare – The Differences Between Full-Service Agencies, Private Hire & Referral Agencies

Homecare, also known as in-home care, provides a caregiver to work in your home and help with activities of daily living (ADLs), instrumental activities of daily living (IADLs) and household chores. Some homecare aides accept clients who live in assisted living or skilled nursing facilities, and in those cases they work with their clients in the facility rather than the client’s home.

There are three basic ways to go about hiring a professional caregiver. First, you need to decide whether to hire a private caregiver or go through an agency. There are two kinds of homecare agencies: referral and full-service. This article addresses the differences between all three options.

Full-service Agencies

Full-service homecare agencies take care of the major aspects of hiring a caregiver for you. It is in the best interests of these agencies to ensure that their caregivers are experienced, competent and a good fit for you, the client. Services normally include:

* Prescreening employees for a criminal background

* Checking multiple references

* Providing worker’s compensation insurance

* Maintaining professional liability insurance or bond

* Covering all payroll taxes

* Supplying a caregiver when a hired one will be absent

* Replacing a caregiver who isn’t a good fit

* Supervising caregivers

Before you start your search, read important questions to ask before signing a contract with an agency.

Referral Agencies

Referral agencies provide some initial screening and selection services, but once you hire a caregiver from a referral agency, your relationship with the agency ends. Referral agencies do not provide supervision of caregivers. Referral agency services usually include:

* Prescreening employees for a criminal background

* Checking multiple references

Your responsibilities, after finding a caregiver through a referral agency, will include:

* Paying the caregiver directly and covering any related taxes

* Insuring the caregiver and/or your personal items (Contact a local insurance agent to ask what protection an existing homeowner’s policy offers. Ask for information about dishonesty bonds and worker’s compensation.)

* Supervising the caregiver

* Finding a replacement caregiver if needed

Private-hire Caregivers

Private-hire caregivers are often hired by word-of-mouth recommendations. To get started, read tips on how to find, background check and interview a private-hire caregiver, review a downloadable Caregiver Employment Sheet and learn how to avoid fraud and abuse by in-home care employees.

Taxes and Private-hire Caregivers

Private-hire caregivers can work as independent contractors or as your employee. Tax laws change yearly; however, in 2006 any in-home employee who made less than $1,500 for the year is considered a contractor. Thus, a caregiver in this situation would use the IRS’s 1099 form, which means that they are responsible for their own taxes at the end of the year. There is one exception: homecare workers who act as their own business with, for example, business cards, clients or a business license; even if he or she made more than $1,500, a person in this scenario would be considered a contractor. All other workers would be considered your employee and you would be responsible for withholding the proper amount of taxes from each paycheck. There is also a set amount for transportation costs ($105/month in 2006) and live-in costs, which are not calculated into the yearly sum.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Allen Jesson

Trailering Older Horses

Long distance transport for the older horse

The details for preparing an older horse for a long trip are pretty much the same to move any horse long-distance, remembering that the recovery time for an older horse is longer than for a younger horse. Here are the steps to keep a horse safe and to make it a good experience. First let’s talk about the things that you should not do before setting off on a long trip. It is never a good idea to trim your horse’s feet or to vaccinate them a couple days before transport. How many times have we seen horses become footsore because of that trim. And of course, older horses have a higher chance of running a temperature after being vaccinated. If your horse requires a rabies certificate or requires new shoes, please do it several days prior to shipping.

The day of shipping, particularly when it is warm outside, to not grain your horse. Even with slight dehydration, a horse can impact colic from undigested grain in their system. Another note here, horses that are not great shippers have a higher incidence of ulcers. Transport can be highly stressful. Many horse vets recommend medications like Gastrogard to reduce the ulcer risk.

We’ll spend some time here talking about you transporting your horse. Later in the article I’ll have some thoughts about what to expect for your older horse by shipping with a commercial carrier. After you have successfully loaded your horse, one of the most important things you can do is to make their journey comfortable. You should not keep them tied. This prevents them from dropping their heads and keeping their sinuses clear, leading to congestion and possible pneumonia. Next, bring a sufficient supply of hay that they have been eating. Just as we are careful to slowly switch our horses from old hay to new hay at the barn, it is also important to be careful here, and not switch hay, if at all possible.

I recently transported a yearling filly The folks where I picked her up went out to the grain store and bought hay to go with her. It was not the hay that she was used to and she had loose poops as a result. It’s also important to have water available for your horse too. Most horses will not drink in the first 12 hours of transit. Particularly when it’s hot it is important to have water in front of them. We hang a Foraflex bucket and fill it half full while we are moving.

I recommend that you carry water that the horse is used to. It is not always possible but like hay it’s important to keep them eating and drinking the same things they used to at home. It’s also important carry water with you when it is hot weather, if for any reason you are delayed in transit. The last two things to consider when moving your horse cross country are blanketing in winter and rest. I encourage my clients to put a sweat sheet beneath the blanket. That way if the horse is a little upset and sweats up, the sweat has a chance to be wicked away from the body and not stay in the blanket and give them a chill. There are many thoughts about resting the horse in transit.

One is to stop for an hour every four hours to let the horse rest. Recently a study done at Texas A&M found that short periods of rest were not effective. Because I transport horses alone I need to stop each day for an eight hour rest period.

This gives the horses a chance to rest and recover and rehydrate. They come off the trailer fresh at the end of the journey. If time is not an issue and you want your horse off the trailer overnight, I recommend websites like HorseTrip.com that lists horse hotels across the country.

I wanted to take a moment to discuss commercial carriers and how they operate. Most commercial carriers have two drivers, and so equipment really never stops moving. Horses never get a chance to rest and recover. Also many carriers, never give horses their head, but keep them tied. Horses finish their trip often exhausted, dehydrated, and even sick. There are many trucking companies out there that the drivers are just that, drivers not horseman. They’re hauling freight, not horses. The other thing that happens with long-distance commercial carriers is that they don’t take the most direct route. Most recent example I can give you was a transport that I bid on and the person who bought the horse decided to have another hauler to the work, because he was cheaper. What the hauler did not tell him when he picked the horse up in Georgia to go to New York was that he was going via Texas.

Two things occurred here. First, the horse was coming from warmer climate to a winter climate and should have been blanketed for the second half of the trip. And second, the trucker did not tell the client that he was not taking the most direct route. The horse was on the trailer three days longer than necessary, exhausted and sick. So much for saving a couple hundred bucks for the transport. So when you need to use a commercial hauler there a couple of things that you should ask and get answered. First, is it the most direct route possible and second, you need at least three references. I What you horse reaches its destination. It is important to give them at least one day of no work to recover from the trip, and two days with no work is even better. I also suggest that y u give them a full day to rehydrate and not feed to any grain.

That’s it from here. Safe travel.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Tony Lepore

Private Schools Around Wentworth Estate in Surrey

The Wentworth Estate village (in Virginia Water, Surrey) is one of the most exclusive residential areas in the world. It is the home of millionaires as well as one of the world renowed golf courses that shares its name: the Wentworth Golf Club.

With such exclusive residents of the Wentworth Estate or the remaining areas of Virginia Water, there is no shortage of private schools around the area. Here are some of the good private schools nearby:

Papplewick is as a prep school for 200 boys aged 6 to 13. By setting the bar high, Papplewick boys gain entry to the top UK senior schools including Eton, Harrow, Winchester, Wellington, Charterhouse, and Stowe.

St Mary’s Schools is a leading Roman Catholic boarding school for girls aged between 11 and 18 years set in 55 acres of beautiful grounds in the heart of Berkshire. They are a friendly, stable and caring community, proud of our academic and extra-curricular achievements and dedicated to bringing out the full potential of each of our 380 pupils.

Gordons School is listed as one of Britain’s outstanding schools by Her Majesty’s Chief Inspector, Gordon’s is a unique non-selective state boarding school that recognises that a good education is not just about outstanding examination results but a thorough preparation for life. Gordons is one of Britain’s most academically successful state schools.

Heathfield is a leading, all-boarding school for girls aged 11 to 18 years old. The school is set in 36 acres of magnificent grounds, and conveniently situated in Ascot. The school is fully equipped with all the teaching, sporting and leisure facilities required to make education a challenging and positive experience.

The Marist The establishment of a boarding and day school in the Berkshire village of Sunninghill by the Marist Sisters was a direct result of the German air offensive against London in the early 1940s. Today the Marist Schools are independent Catholic day schools for girls aged 2½ to 11 and 11 to 18 years. Both schools are situated within 55 acres of woodland on one site.

Hall Grove The school occupies a unique site, with lots of open space, parkland and woodland. The school started with just 6 pupils. The property was in near derelict condition and had been empty for over two years. Today, it is a vibrant, happy community of over 400 boys and girls with an outstanding reputation for academic, musical and sporting success.

Coworth Flexlands is a preparatory day school and nursery set in 13 acres of countryside on the Surrey and Berkshire borders near Chobham. They provide places for 160 girls with boys being accepted into the nursery between the ages of 3 and 5 years.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Fatin Gunes

First Time Homebuyers and Down Payment Assistance Programs

May 27, 2010 Down Payment Assistance Programs (DPA’s) for First Time Home Buyers By: Michael A. Foote, CMB

There is money available for first time homebuyers today. In a much needed addition to financing products available today, down payment assistance programs are available once again. Down Payment Assistance Programs are generally a local, state or federal grant or bond program designed to assist certain persons with certain income levels in certain areas, with money that can be used for down payment and closing costs on many purchase loans.

These tax free grants or loans are generally forgivable provided the buyer stays in the home for a designated amount of time. And these dollars can dramatically change the amount of money required for closing when these first time homebuyers buy a home. For example, a typically FHA borrower may have to come up with over 4-7% total of the sales price whereas a borrower with a WISH down payment assistance program may only need to bring in 2-3% total. That’s a huge amount of money on a several hundred thousand dollar transaction. If you amortize out that difference the savings are literally tens of thousands of dollars since most closing costs are financed in the new mortgage.

So what does the process with „DPA“ look like when compared to the regular loan process. Quite frankly, it’s seem less to the user insofar that the lender will generally have to deal with the additional hoops during the process. For the borrower/buyer they probably wouldn’t know the difference. The only real difference is a potential for a slightly longer loan processing time. So is DPA a good idea? Well, lately it has been a challenge for Realtors to get clients using FHA let alone FHA WITH Down Payment Assistance so an argument could be made that using DPA on an Offer to Purchase could be a determining factor for the seller’s side when these choose the offer to open escrow with. The only cure for this pitfall will need to be more product on the market for properties up to the $400,000 range as DPA generally have no purpose and no qualifying borrowers as the sales price rises and/or in areas of high per capita income. Undoubtedly, DPA has a place in today’s financing landscape and those of in the industry are happy to have it, it is one more additional tool to increase homeownership for low to mid income families. And this product will help sell the forecasted shadow inventory rumored to be lurking around the corner.

Only time will tell if that come to fruition or not. These programs are not free from abuse, there have been in the past scams related to DPA and officials, lenders, and large institutions have really scaled back what is allowable as DPA. Also economics play into the availability of these from all the time. There are many DPA’s completely drained of funds.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Michael Foote

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