Simple Geography Of Aurora Illinois – Real Estate Information For Home Buyers

The City of Aurora, Illinois has many different areas that are perfect for home buyers of all types. It’s this great selection in the types, styles and prices of homes in Aurora that make it a great location for real estate. In Aurora, IL buyers can find representative examples of almost every major home style from Queen Anne to Neo Classical as well as any size or type of home from studio condos up to estates.

Perhaps one of the best features of the Aurora area is the extreme value that many of its homes present. While the average price of a home in the united states hovers currently around $250,000, homes in Aurora currently average around $230,000 and many can be found under this price point. If you are a home buyer shopping in Aurora for your next home, it’s important to understand the layout of the city to aid you in your search.

Aurora Illinois is divided into two main areas – the east side and west side, both separated by the Fox River which is located right in the center of the city. Both areas feature historic districts and homes on the National Register of Historic Places. Well-known residential historic districts in Aurora include the Palace, Tanner, Riddle Highlands and Near Westside Historic Districts on the west side and the Near Eastside Historic District on the east side of the city. The middle of the city itself is dominated by the Fox River and includes the business district of the City of Aurora. This is centered on Stolp Island as well as along both banks of the river.

The west side of Aurora has several well-known areas including the Aurora University area centered around the institution of the same name. The west side also serves as the beginning of the Randall Road Corridor that leads north into some of the region’s biggest shopping districts. The far west side of the city is dominated by new home communities and also includes the Orchard Valley Golf Course as well as several hiking and biking trails including the Virgil Gilman Trail and part of the Illinois Prairie Path. School District 129 and West Aurora High School is the primary school district for the west side as well as the majority of zip code 60506.

The east side of Aurora is almost double the size of the west side and is usually divided into the “near” east side closer to the center of the city and the “far” east side closer to the Fox Valley Mall. The “near” east side is almost entirely made up of zip code 60505 whereas the “far” east side contains some of 60505 and the majority of 60502, 60503 and 60504 zip codes. The entire east side includes several well-known areas including Pigeon Hill, Oakhurst, Stonebridge as well as several large townhome and condominium complexes. The east side of Aurora is made of largely residential areas including several new home developments and active adult communities. It is also home to the Stonebridge Country Club as well as School Districts 131 and 204.

The downtown area of the City of Aurora consists primarily of business districts including those on Stolp Island and both the near east and west banks of the Fox River. If you are seeking commercial real estate, this area includes many options for all types of industry. The area features great local transportation avenues including a METRA station on the near east side as well as convenient access to the Regan Tollway.

Understanding real estate in Aurora usually requires the help of a local real estate expert. You can find great deals and great homes in all areas of Aurora, but helping buyers know where to look is an important part of what your local Realtor can assist with. Because of the the great selection of price ranges and styles of homes, helping buyers narrow down their choices based upon their requirements is an extremely important service. If you are just beginning your search for a home in Aurora, it’s advised that you contact your local real estate professional for information on how to begin.

Important Tips to Consider When Selecting a Real Estate Agent

The ample amount of online information regarding how to hire a real estate agent can be helpful for homebuyers and sellers, but finding the right one can still be a challenge. Professional agents should have the necessary skills and expertise to help find exactly what the client desires. These four qualities can clue in buyers and sellers that a real estate agent is a great choice.

Suggests Realistic Prices

When planning to sell a house, it is recommended to get listing presentations from several agencies. They will provide the market prices of comparable homes, as well as the amount of time it usually takes to sell similar properties. Working with professionals to ensure that a home is priced appropriately will make the process less time consuming and stressful.

Works Full Time

Some real estate agents connect home buyers with sellers as a part-time job; however, it is wise to choose one who works in the industry full time to get the best results. Such professionals are in a better position to provide accurate recommendations and tips as they have more experience and a deeper understanding of the industry. A full-time agent will likely spend more time scouting for a home on various listings or showing prospective buyers the house to ensure that the clients acquire or sell a property quickly and at the right price.

Charges an Appropriate Commission

In most states, the commission ranges between five and seven percent and is split between the selling and buying agents. Ask agents about commission rates when putting a home on the market or beginning a new home search. This is an ideal method to ensure that all parties understand the agreement. Also, be sure to ask about any offered rate rebates, as some companies actually pass on a percentage of the commission to the seller or buyer.

Has Experience in the Area

A buyer who is interested in purchasing a full-time residence should pick an expert who specializes in selling such properties in the area. On the other hand, people who are looking for investment properties are better off working with someone who has been facilitating such deals with other investors for years. It is also important to note that most professionals in this industry have multiple specialties.

Even if a candidate meets these four qualities, organize a face-to-face meeting with the home expert to get a full picture of his or her skills and expertise. Most professionals are more than happy to speak with potential customers to answer questions. Finding a real estate agent by following these guidelines will make the entire process of buying or selling a home far simpler.

How Smart Buyers Use the "Mobile Real Estate Information Center", AKA "Realtor Open House"

There are many benefits to opening a house for sale on a Sunday afternoon. It saves having to make an appointment to see it, and it makes it convenient for everybody in the family to come together to tour properties. The seller benefits by having more people see the house in one afternoon instead of individual appointments. Most of the time however, visitors dismiss the help offered by the Realtor hosting the Open House and are reluctant to provide any information or ask any questions.

When visiting my Open House, do not be shy! ask questions and listen carefully, the information you need to make an informed decision is right there in front of you! I am the “Mobile Real Estate Information Center” and I am here for a reason: I want to give you all the information you need to help you purchase a home, maybe even this one.

I know this house very well, I know when it was built, how long it is been on the market, what type of inspections are available, what type of work is needed, why the seller is moving. I also know the neighborhood well, ask me about proximity to schools, shopping centers, public transportation, demographics, theaters, I also know exactly how far is the library or the post office for example.

Before the Open House I print and bring with me a CMA (Comparative market Analysis) of the property so not only can I show how this house compares to others in the same area, but also what other houses have sold recently in the proximity. If this particular house is too big or too small, I have a list of other homes available for sale, I can share some addresses with you right there and then.

I might even have valuable and timely “inside information” of homes about to come on the market, bank owned or foreclosed properties that I know are going to be listed soon. This information is potentially profitable for you Mr./Ms. home buyer… Just talk to me!

Even though I am not a loan officer, I know what the prevailing interest rates are and can quickly calculate your monthly mortgage payments with taxes and insurance, I can give you an idea of what your closing costs would be, I can even pre-qualify you on the spot! If I know what type of financing you need, I can tell you what type of documents you will need to get ready.

I am NOT just a Door Greeter, I can talk to you about investment properties, I can tell you some of the biggest tax consequences and/or benefits of owning a residence or an investment property. I can highlight to you the benefits of a tax deferred 1031 exchange and much more.

For me being at an Open House is like bringing my real estate office out on a road trip… Who benefits the most from my experience? Those who dare to talk to me about their real estate goals and dreams, you can pick my brain, I am committed to stay on that house for 4 hours so take your time!

Studies have shown that people are far more relaxed and willing to communicate with others on a weekend, they are more autonomous, they have time to slow down. Do not rush through the Open House, slow down and take full advantage of my 25+ years of experience and knowledge, it is all there for the taking! If you are not in my area, call me and tell me where you want to go, I will then put you in contact with the most active professional Realtor in that area… for FREE!

Now Is the Time to Buy Real Estate in Kauai

Should I Buy Real Estate in Kauai? Yes!Now is the time to buy real estate in Kauai. With the economy turning around, tourism on the upswing, and prices at or near rock bottom, your best opportunity to buy an investment property that will produce positive cash flow, or just to finally get your retirement or second home is now.Condominiums that were selling for $250,000 to $450,000 at the height of the market back in 2006 have leveled off at about $80,000 to $150,000 now. When the economy crashed, many of Kauai’s properties were held by mainland owners as rentals, or second/third homes. When the financial troubles hit owners at their primary residence, they did what was often the only financially prudent thing to do: they left their Kauai properties to the local banks, while tending to financial woes at home. Now, fully three to four years later, those properties are a hot prospect and the banks are ready to let them go in quick, seamless transactions for qualified buyers.Cash is King, But Financing is AvailableAre you able to buy with cash? This is the ideal situation for income property buyers in Kauai. Banks are holding reasonably-priced condominiums (commonly referred to as “REOs” -Real Estate Owned-properties that are in the possession of a bank/lender and subject to foreclosure) ranging from studios to one- and two-bedrooms for well under $150,000 right now. In many cases, they are only accepting cash deals, but are willing to close escrow in as little as two weeks.But the time to act is now, as more and more of these properties are being snatched up by people who have waited the recession out. According to Robb Wall, a longtime Kauai resident and Realtor, “The Kauai real estate market is currently experiencing a shortage of listingsin the lower price ranges. For example, Islander on the Beach, which recently had 10 to 15 active units for sale now has only one! (a vacation rental studio – furnished for $89,000). The Kauai tourism industry has been carrying the islands financially and we are now up to 23,000 daily visitors here on Kauai, a dramatic increase in just one year.”Financing is still available in some circumstances. The banks have been offering 6% over five years for the condos on the lower end of the price scale. According to Wall, “Because sellers are still competing with short sales and Bank REOs, the first time home owner market is also one of the best markets I have seen in years. I am getting clients into three bedroom, two bath homes for the mid- to high-$300,000 range which was unheard of back before the economic crash. Most homes I am selling now were in the high $500,000 range in 2005-2006. Financing of course has never been cheaper and we now have a USDA zero down product which is very popular with local principal home buyers.”Rental Programs can be Cash Positive from the Get-GoThe Kauai tourism market is outstripping the rest of the Hawaiian Islands right now and has been consistently on the upswing for the last two years. Kauai also features several high-quality rental and on-site management programs that are producing positive cash income for new owners starting at the first month.For example, cash-purchased properties at the Islander on the Beach condominiums in Kapa’a, maintain an overhead of about $800 per month, including homeowner association (HOA) fees, taxes, and insurance. Gross income from rentals on those properties currently run approximately $900 to $1,600 a month – a net of $100 to 800 per month depending on the unit (garden vs. ocean view).This means when you visit your property for a few weeks out of the year, you are staying for free while realizing an income throughout the rest of the year. Of course, if you have a modest loan, these numbers are reduced, but still help buffer the mortgage payment.The positive rental cash flow is also important because it has provided the banks with incentive to keep the properties in quality condition in order to continue to rent them while seeking buyers. While REOs have a national reputation for being abandoned or run down, the Kauai REOs are generally in much better condition, requiring little or no refurbishing.However, Wall advises his clients, “These properties are typically priced at the County Tax assessed value and are sold “as is”, so definitely do hire a good building inspector and you should be fine.”Why Kauai? Tropical Paradise with US LawsThe Hawaiian Island chain is the home to unmatched tropical beauty. Though it is sometimes hard to imagine that it’s part of the US, that’s the advantage of buying in Kauai: tropical beauty in the 50th State, subject to US laws. You won’t be burdened with foreign translation issues, having to hire foreign lawyers, or being subject to a 99-year lease such as in Mexico. Some of the Hawaiian Islands only make property available as a lease-hold, which also diminishes the property’s value. In Kauai you can purchase in fee simple and own a piece of paradise forever, using all of the insurance and legal tools available on the mainland.Your management company and anyone you hire to care for your property is also bound by US laws and standards. You speak the same language as those you hire and have telephone and email access that is as easy as communicating with your next door neighbor.This has to be the safest and most secure tropical island investment available today.Not Ready Yet? Rent a “Research” Property for a Week & Take a Tax Write-OffMany mainland buyers will do “on the ground research” before buying. And what could be a better way to conduct business research than taking a trip to Kauai? If you intend to purchase a rental property, this becomes a business trip that is subject to a tax write-off. Consult with your tax advisor about actual deductions, which generally include airfare, as well as rental car costs and meals on the days of actual research into properties. You should also consult various websites for properties similar to those you want to consider.Expected Costs & What to Look ForFor well-maintained properties on Kauai, the costs are fairly finite, as long as you build in some contingency costs. Look for HOA fees in the $600-800 range. High HOA fees usually mean that the property has high overhead or is subject to more extensive repairs in an aging facility. Taxes and license should be no more than an additional $150-300 annually.Look for a condo in a strong HOA. The HOA board should be responsive and board members should be willing to talk with you about your prospective purchase. Ask to see the current Reserve Study to see if the HOA fees are keeping up with the inevitable costs of replacement of large items such as roofs, plumbing, electrical systems, common pool maintenance and so forth. If special assessments have been levied against the property owners in recent years, this indicates several possibilities: poor management, inadequate reserve studies and reserve accounts, or other indicators that you may want to consider different properties.Ask about local owners. Are the properties owned by Kauai residents? This is particularly important for mainland owners, as their Kauai-based co-owners will have regular, first-hand knowledge of anything that happens on the property. As you get to know your co-owners, you will also be able to communicate with them about events and other factors on the island, such as large conventions that can fill up rental properties, or bad weather, and even local politics.Ok, You’re Ready to Go!Now is the time to buy Kauai property. Robb Wall sums it up best: “All in all, this may be your last market to grab a piece of glorious Kauai before the lack of inventory squeezes values northward like the days when there were literally no listings of any kind on Kauai under $500,000.”

Benefits Of Buying Real Estate Property In Noida

If someone owns a real estate property in Noida, be it residential or commercial, he/she is automatically exposed to lots of benefits associated with this great place. An important perspective in this direction would be to look at the unique location of Noida. Surrounded by Delhi, Ghaziabad, Greater Noida & Dadri, Faridabad and up to an extent by Gurgaon as well, Noida is centrally located in the NCR. Therefore, the location of Noida makes it an ultimate destination for residing and business purposes when compared to any other nearby city.The launch of Metro rail services has made it easy and safe for the people to travel to Delhi and Gurgaon. The DND Flyway over the river Yamuna can take a person to South Delhi with only few minutes drive. The smooth Yamuna Expressway lessens the time and traffic to reach Greater Noida and Dadri. Ghaziabad is adjacent to Noida and is easily accessible by crossing National Highway-24. And even various multi-specialty hospitals are available here in times of distress. These are other reasons for the increasing investments in the real estate property in Noida.Unlike other saturated cities of NCR, Noida is an open and uncongested city with clear and well maintained wide roads. Because of this, there has been a considerable increase in the real estate property in Noida. With the privatization of higher education, Noida and the nearby locations have witnessed the development of several AICTE approved engineering and management institutions. And the education till senior secondary level can greatly be received from so many already established schools affiliated to Central Board of Secondary Education, New Delhi.With the evolution of small & medium scale industries, higher education & training centres and real estate property in Noida, this city has also developed as a hub of commercial markets, malls and cineplexes. The malls like The Great India Place, Centre Stage Mall, Spice Mall, Sab Mall and Supertech Shopprix Mall are filled with the international clothing & jewelry stores and famous food courts and restaurants offering a wide variety of foods. Most of these malls are also powered with multi-screen movie theatres of Wave, BIG and PVR cinemas respectively.The Sector-18 Market of Noida is a highly renowned shopping and recreational centre with the Worlds of Wonder amusement park situated besides TGIP. The presence of the Hotels like Radisson and Park Plaza in Noida is also a sign of its prosperity. On the whole, real estate property in Noida comes with a good package and services. For better guidance on current rates and projects of the real estate properties, contact a reputed realtor through internet and make use of its suggestions and advises.

How To Buy Real Estate In Costa Rica – A Guide To The Process

It is always important to have a trustworthy lawyer and real estate agent working with you when buying real estate in Costa Rica, but it is also wise to familiarize yourself with the process of purchasing property in Costa Rica so that you can understand what is going on and better manage the transaction to ensure your real estate investment is secure.It is important to address the significance of property rights, to understand why it is so crucial that the transfer process be completed properly. Real estate generates wealth in an economy because it can be owned, bought or sold, and that ownership can be enforced, guaranteeing security of purchase. Costa Rica has the stability, and legal structure to be able to guarantee that ownership, although disputes can arise on occasion due to poor documentation, or undocumented changes in the past. For this reason it is imperative that the registration process be followed to the letter to ensure that the legal system will stand behind you in case of a dispute.There is still some property which is not yet titled in Costa Rica, though it may be tempting if you’re offered a good deal, it is extremely risky to purchase un-titled. The problem arises because all property must be legally registered and if it is not, it does not exist under the law, and therefore the legal system will not grant ownership.Registration of the property is the number one most important thing in Costa Rica, more important than the actual deed to the property. All property is registered at the Registro Publico, so you will begin your title search there, and obtain the escritura, a written title document that details the property and how it is registered in the Registro Pubilco. The escritura defines the property, including whether it’s commercial or residential, the location, land size, etc. It also states the current owner. But most importantly it outlines all liens, mortgages, or other encumbrances against the property. If issues arise during this initial background check they must be addressed before proceeding further. These are the sorts of things which could cause disputes regarding the ownership of the property at a later time.Next you will need to find the catastro, the plan, or graphic drawings of the land. The catastro is filed separately from the escritura and note that while it is legally required that the escritura be updated when there is any change, it is not required to update the cadastro. Because of this the catastro and escritura may not be 100% in agreement due to transactions which took place but were not properly recorded. One of the most important things to watch for when buying real estate in Costa Rica, is consistency between the escritura and catastro, the 2 documents which officially define the property. It is important to verify both of these documents by doing a topographical study of the property and defining the property boundaries clearly. Any inconsistencies between these two documents must be resolved before proceeding with the purchase of a property.Once you have verified the title, and checked for any problems, the seller will provide the buyer with two tax documents. The first is a copy of the tax receipt, or impuesto territorial, showing that all taxes and registration fees have been up to date, and the second is a tax clearance certificate issued by the Municipality where the property is located called a constancia municipal.Now you are ready to have a notary draw up the sale agreement as a testimonio, or public deed. In Costa Rica all notaries are lawyers. The notary should work for both the buyer and seller and should not be biased. If you are financing your purchase with a bank or other lending institution, the institution may reserve the right to designate the notary as a condition of the financing agreement. The notary responsible for the closing will draft the purchase contract, and be present at the closing.On the day of the closing you are required to present proof of payment to cover several taxes and duties involved in the purchase transaction. Here are the most common:o Transfer Tax: 1.5% of property priceo National Property Register Stamp: 0.5% of the property valueo Municipal Stamp: 0.2% of property valueo Fiscal Stamp Tax: CRC 625o Agrarian Stamp: 0.1% of property valueo Costa Rican Bar Association: 3000 CRC for deeds over 10 million CRCo National Archive: CRC 20The taxes and duties are calculated based on the highest stated purchase price and the property value appearing on the Registry. The notary will certify an affidavit that the payment was made and it will be included in the documentation.The purchase contract will then be incorporated into the notary’s register, under a specific deed number. Once it is signed, it the notary is responsibility for registering the purchase as soon as possible.When the papers have been filed, the affidavit of the transfer deed will be reviewed by the Registry and if all is well, it is recorded and the buyer is declared the formal owner. Should there be any problems, the document will be returned to the notary for correction and re-filing.Once your deed is registered, you can request an original copy of the deed, or testimonio, or a copy of the closing document with the seals showing the registration for your own verification and records. In addition, your property will have a folio real number showing you as the owner, which can be verified at the Registry.