Toronto Realtors Ask for Land Transfer Tax Break

2.jpgToronto’s new land transfer tax imposes an increase in property tax which realtors and home buyers are trying to contest arguing that it is an unfair method of raising City revenues. Future homeowners will be facing a property tax that will increase double the rate of inflation from which home buyers are saying that they deserve a break.

In November and December of 2007, there has been increased activity in the real estate market attributed mainly to the fact that purchases made during this period are exempt from the newly implemented land transfer tax. The Toronto Real Estate Board will be closely monitoring the 2008 market and is looking at the 2008 operating budget of the City which proposes 3.75 percent increase in residential property tax which is almost double the 2007 inflation rate of 1.9 percent.

Reasons Why You Should Buy Real Estate in December


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December and New Year’s Day give you the perfect occasion to buy real estate. Not only can you pick up a bargain property from a motivated seller, you can save on your purchase expenses.

1. Home shoppers put off looking for a home because of holiday decorating, shopping, and parties. Plus, the cold weather makes home buyers prefer to stay home; they wait for warm weather to buy real estate. Get the edge with little competition from other buyers.

2. Home sellers who didn’t sell during the recent buying frenzy are worried that their home will not sell. Any seller offering their home for sale during the holiday season is motivated.

3. Real estate agents need to keep their momentum going and can’t afford to take too much time off. When the agents aren’t as busy, you get better service. Plus, they’re more likely to take low offers seriously. Agents love investors ready to buy real estate during December.

4. Interest rates continue to creep up. Who knows what the rates will rise to next year?

Clear some time from your busy holiday schedule and go find a bargain house. Make many offers. You won’t get this break for another year.

Indianapolis State Wedding Planner Offers

Wedding is one of the holy ceremonies wherein a couple exchange vows and are united as one. This kind of ceremony takes a lot of effort for the preparation. There is a great need of work and determination before, during and after the wedding ritual.

To experience a burden-free and almost near to perfect kind of wedding, you can set off all the obligations to a wedding planner. Wedding planners might be an additional expense but the removal of stress from you is priceless.

You can avail services from an Indianapolis Wedding Planner. The planner can make everything settled and gives a high-quality output. Also, the planner is always considering your budget and preferences to let you achieve your dream wedding. He can suggest the best sites for reception and also, the best ceremony you can experience. Additional services like the hiring photographers and videographers are also available. You might also consider the idea that the planner can choose the best florist to supply your flower needs. With all these, you can surely save yourself some time and effort and give you extra moments to spend with your partner.

The Indianapolis Wedding Planner always makes it sure that you will have the activities set correctly and enjoyable. Also, they can provide highly reliable service providers to assist for your wedding. Achieve your dream wedding and make it more memorable with the help of the Indianapolis Wedding Planner.

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Kenya’s Booming Estate

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Kenya seems to be gearing towards development specially in the real estate department. There have been many new projects with building of different housing in Nairobi, the capital city of Kenya. But this is not just happening in Kenya alone. Countries in Africa like Ghana and Nigeria are now having much progress. This is making people from the middle class to move to the city and get employment for a better life.

This means that housing is definitely needed, and fast. However, this change has not been appreciated by many. If you are not aware yet, Nairobi has so much fertile land which can be used for farming that will help people with their livelihood. But experts are saying that this is still an opportunity for people to have work building houses. This will give people in Nairobi jobs in construction. It will also give architects and engineers more projects.

New Jersey Comeback


Superstorm Sandy hit so hard in parts of Northeastern United States during late October of last year. It affected 24 different states from Florida to Maine and west across the Appalachian Mountains. It was particularly hard for places like New Jersey and New York where a lot of families have lost their homes. So the news that real estate is making a comeback in New Jersey is a particularly great one. There are still some towns that need a lot of clean up after the storm but it is not stopping people to get their lives back on track and buy new homes.

A lot of people see good opportunity. They know that the area has maintained its value regardless of the natural disaster that hit. Stan Humphries from a real estate firm said  “The lures of coastal living are actually more powerful than the periodic chance of having a natural disaster in your backyard.”

 

ListedBy.com

 

ListedBy is a website that offers free online marketing and live bidding for real estate. This is specific only for people who are interested in estates in the United States but real estates from around the world can market themselves and their businesses for free for different clients. This website is very useful. It is the first site that allows users to get exposure to thousands of potential buyers. Now, it launched it’s service provider directory. For those who don’t understand that functionality, CEO of ListedBy Mr. Stephan Piscano explained “As a platform that truly stands out among other real estate sites and real estate auction companies, part of our mission at ListedBy is to constantly elevate user experience and value. Whether it’s homeowners, buyers and sellers, or investors involved in REO auctions, government auctions and regular assets, identifying and connecting with local service providers is an on-going requirement. ListedBy is now positioned to deliver on this need like no other site online.”

 

Property Brothers

 

Jonathan and Drew Scott are not just good looking and wealthy brothers, they are also the genius behind the HGTV show Property Brothers. The twins started building their dream when they were in highschool. They bought a $200,000 home with just a $250 down payment. They made some renovations and changes to the home and managed to sell it for $250,ooo. This was a long time ago. Now they have a multi-million dollar empire. Drew is in charge of purchasing real estates while Scott transforms the homes into what potential clients would like to buy. For several years, they studied real estate and became licensed. Soon after, the two became business partners and were accepting big projects left and right. It was only a matter of time that TV and entertainment came knocking. Now, with a group of 30 people, they buy and renovate homes and feature it on TV. Their show has about 2 million viewers every week!

 

Social fund spent on real estate

It is a little sad to learn that over 20.1 Billion of the nearly 33 Billion yuan ($4.68 billion) of the nearly 33 billion yuan ($4.68 billion) embezzled from Shanghai’s social security fund was invested in the real estate sector. This sparked an 18-month investigation into the scandal for which Shanghai’s former Party chief Chen Liangyu has been arrested.Their fraudulent activities were first noticed/uncovered in June of 2006. It was later known that the money was financed to various companies, including the Shanghai-based Bailian Group and Feidian Investment, which investments have been used mainly in property and highways.

First Home Buyers Older

 

 

There has been a significant change in the real estate market since the economy has been doing poorly. In Australia, first time home buyers are getting older because of the lack of job, higher cost of living and the continues rise in real estate price. This means delaying for some years any plans of buying a home. From 54 percent, the number of people above 30 years of age who are buying real estate has increased to 61 percent since last year. And one in five are over 40 years of age. This information is from Mortgage Choice survey of 1000 Australians. It is just logical that since times are hard, saving money for your dream home will take some time. The average time is now from 20 to 24 months, so these first time home buyers wait until they are financially stable and ready to commit to buying a home. It’s a mature move and in the long run, the decision to wait will benefit them.

 

How Famous People Buy Estate

 

It’s a little bit like magic. One day these famous people are busy shooting films or playing sports and the next, they are featured on an episode of TMZ with their new luxurious homes! How do they do it? How do they have time to go out and visit prospective homes and purchase it? It is really just like magic. These movie stars, tycoons, sports stars have their own way and is assisted by Limited Liability Companies (LLC) They do their multi-million dollar transactions under legal entities that are virtually untraceable. It was reported recently that estates that were sold for more than $5 million were bought by LLCs and not individuals. And homes that are bought for more than $10 million are almost one hundred percent bought by LLCs. And the people who can afford these homes are the celebrities.  The good thing about LLC is they value privacy and anonymity. It provides legal protection for both the buyers and the sellers.

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