Property Dealer Karwar City Real Estate Agents, Flats, Shops, Offices, Plots In Karwar

Karwar, a booming city, Contact us FOR PURCHASE OR SALE or Renting of Lands, Rooms, Office Spaces and Houses. Hiring of Vehicles, Booking of Hotels and oganised Tours, official visits or Educational trips with in Karnataka, Construction of house, Interior Decoration and other Civil works. Legal Advice on purchase or sale of properties, preparation of documents, or any other services / Information at Karwar / Karnataka.

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Karwar, located just 13 Kms from Goas south most beach Palolim, is the most beautiful place with wonderful beaches, Western Ghats, plentiful flora, fauna and tourist places (Goa, Gokarna etc). The town is host to asias largest Naval Base (Sea Bird) and the peaceful, pollution free atmosphere makes it ideal for settlement and investment opportunity.

Lands and Homes is an online and offline real-estate service committed to helping you make wise and profitable decisions related to buying, selling, renting and leasing of properties, in Karwar (Karnataka) India. We will provide a fresh new approach to our esteemed users to search for properties to buy or rent, and list their properties for selling or leasing.

At Lands & Homes, we promises to be the most preferred way of finding your dream property in Karwar, and we are committed to help you make a wiser property decision, as a buyer or a seller. Our Team is committed to understand the needs and concerns of Individuals, Brokers, Builders and Corporates, and provide them a common platform for realizing maximum benefits from real-estate opportunities in Karwar.

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We provide Buying , Selling and Collaborations services.
We are a leading real estate consultant involved in providing our specified range of sale, purchase and renting services for various real estate properties like industrial properties, agricultural lands, institutional plots, residential properties and hospital plots. With our quality consultancy services, we have been able to make a strong client base across the karnataka.

We strictly adhere to specified requirements of our clients with timely commitments. Our service range includes sale, purchase and renting of industrial buildings, agricultural lands, institutional plots, residential property, hospital plots, industrial property and residential flats.

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Lands & Homes, services has a wide experience in Properties in karwar, you Want to buy or sell. We can help you materialize the best property deal within your budget in an efficient manner. Listing your property requirement at our site will help you fetch a big deal. We cater to house requirement of all shapes and sizes, be it small, big or farmhouses in various budgets. You can count on us for all property related requirements small or big and they would be served with same enthusiasm. Our Services has clinched the credibility of a set of satisfied clients who have got the best possible deals in Properties in various parts of Karwar.

What we offer to our Investors:
The Company offers following to our customers:-

* Reasonably priced plots and Booking of plots at minimum down payment.
* Minimum plot size is (30 x 40) though recommended size is (60 x 40).
* Free conversion of Agricultural land into Non Agriculture.
* Loan from SBI for plot as well as construction for those people who have booked the plot.
* Motorable roads, planned layout, water (municipal tap) and electric poles along the roads and filling (with sand) all along the roads up to the level of National Highway.
* Clear demarcation of every plot along the roads.
* Filling of plots and erection of boundary wall (only if necessary) at reasonable price, post purchase of plot. Company will handover the clear titled, earmarked plot with no filling, as cost of filling the plot is not included in the quoted price of the plot.
* Physical protection of every plot at reasonable yearly cost (only if necessary).
* Reselling of plots when desired.
* Construction of building / house through SBI loan as per the design of the customers. Identifying the people who need house, collection of rent as agreed by customers and depositing the same in the customers account.
* The plots will be allotted strictly on first come first serve basis hence hurry up to buy the plot (To avail the plot near to the National Highway at no extra cost). The location of the plot will be clearly indicated on receipt of booking charge.
* Two or more people can join together and intimate in advance to choose the neighbours. This again will be possible for the company to adjust when booking is done initially in group.

How To Run A Property Title Search

Property title search is very much important when you are going to buy any house or building or even if you have to sell out your own place. You need to have the complete papers and documents with you so that it wont get suspicious for anyone to deal with it. Property look up can be carried out in many ways depending on your time availability and cost budget. Property look up is needed when you have to hire a new house for your residence or a building for your office. It is also used when you are going to give your house to some on rent, and you can seek info about the tenants from the old residence.

Property look up can be carried out through online sites. Online sites are easy, simple and painless for theses type of researches. And you can easily get the link on sites like phone number look up, background check through social security number. Property research through online sites is a game of few seconds, all you need to do is to have the proper guidance and know how about the sites. Firstly conduct the thorough web search through searching engines and chose the best site as per your needs and requirements.

Enter the address or owners name or the place or location of the house/ building; with in few seconds by making few clicks you would be able to get access to the healthy info about the house. You would get to know about the owners name, its profession, its criminal records, its financial details and moreover the neighboring details of the house. Online sites will charges you in the range of between of $30 to $40 depending on the list of houses you have to look up for their title.

I would like to suggest you to go through all the details, terms and conditions of the site before getting registered to it. The selection of site depends on the fact that whether you want this service for the entire year or for short time span. As the real estate agents may require to log on to the site for the entire year or for consecutive years, but an ordinary person who is going to buy the house once in his lifetime would only need it for one time.

How To Master Property Valuation Of A Self-storage Facility

The numbers have been crunched, a broker has been hired, and the marketing has begun. Its official: its time to sell the self-storage facility. Whether its retirement, cashing out on a successful investment, or simply a search for a new business challenge, many self-storage professionals are busy navigating their ways through the murky waters of commercial real estate buying and selling. And those waters are becoming increasingly rough. The real estate slowdown and equities market woes seem to lead the evening news nightly, and many self-storage investors are left wondering how well their properties will fare on todays open market.

With this in mind, pricing is becoming an increasingly important part of ensuring a successful sales transaction. Of course, pricing a self-storage property correctly is easier said than done. Over the past several years, values assigned to self-storage facilities have increased dramatically as the asset class has become more desirable to investors.

Class A properties have become especially pricey as more institutional investors have entered the self-storage market. Looking at the sales prices from previous years, many believe values will continue to rise exponentially, while others feel their areas have topped out and even become overpriced. This adds to the overall confusion over what the correct asking price is for a self-storage asset.

Determining Price
It is important to carefully examine the facts and data to determine a facilitys real value. Generally, net operating income is the driver of value of an existing self-storage property, says Pierce Owens, senior associate at CB Richard Ellis in Houston, Texas. However, many people calculate net operating income in different ways. For example, some buyers include a third-party management fee in calculating income. There are many different opinions as to what the right net operating income should be.

Not so long ago, many buyers used projected rent and income figures to determine a self-storage propertys value. However, this practice has become less common. Buyers now have more of a focus on historical performance, rather than more of a focus on historical performance, rather than a rosy proforma, says Owen. With the current credit market, most lenders will no longer provide funding based on future estimates. Instead, they focus only on actual net operating income figures.

A propertys place in the market also has an affect on its value. In an area with huge barriers to entry and a high cost for building new facilities, a property may be worth more than a similar store in a less restrictive market. In addition, the number of nearby competitors and the stores name recognition are also important indicators of overall worth.

Another methodology for the valuation of self-storage property involves the use of optimal underwriting. With optimal underwriting, buyers determine the appropriate expense load a facility should carry, says Steve Ekovich, first vice president, regional manager, and national director of the self-storage group at Marcus & Millichap in Tampa, Fla. The expenses would then be factored to derive a CAP rate. Next, income figures are calculated using both the gross potential rent of the facility and the sites current vacancy rate. Both physical and economic vacancy rates are analyzed as well.

You have to look at the collected income on a monthly basis for two to four months to get a feel for occupancy, Ekovich says. This takes into account the length of time it takes to turn the units and concessions offered to tenants.

The result effective gross income would then be analyzed using the expected expenses for the new owner, including taxes, insurance, and management fees. In addition, salaries, maintenance expenses, and comps would also be studied to ensure they are in line with current market averages. These numbers all serve to give the new owner a realistic picture of what their expenses will be.

Looking At The Market
Over the past few years, self-storage prices seemed to skyrocket. There was an 18-month period where the laws of supply and demand took over, explains Aaron Swerdlin, senior managing director at Houston, Texas-based Storage Investment Advisors. At that time, there were many more buyers than sellers.

As a result, prices rose dramatically, and many people believed property values were ballooning too quickly. There is perception that prices were going so high that things were getting out of hand, says Swerdlin. But, for a long time, self-storage was ignored by the institutional investment community. Once it caught on, it took a while for values to catch up. People werent overpaying or making deals that they shouldnt be doing. We werent seeing properties selling for more than they should.

Investors are still actively pursuing self-storage properties in spite of the current real estate slowdown. One reason for this is that capital is generally less expensive for institutional investors than it is for private individuals to obtain. Another driving force behind the influx of investors includes the fact that self-storage is both a business and an investment.

There are more groups looking at self-storage than there were three ago, says Marc Boorstein, principal at Chicago, Ill.-based MJ Partners Real Estate Services. One of the reasons so many new groups are looking to invest in self-storage is that there are fewer defaults in storage than in any other commercial property. Youre not dependant on one tenant like you are with retail.

Many investors believe that self-storage is more stable than other business classes. Investors like self-storage because they perceive that the risk adjusted profile on returns is attractive compared to other assets, says Owens. There is also a perception that self-storage is more recession proof than other assets.

For the most part, however, institutional investors tend to target the newer properties located in the largest markets. Over the last couple of years, institutional investors have increased their appetites for Class A, fourth-generation properties, Ekovich says. The more leverage you have, the more someone can pay for an asset. Leverage also affects the CAP rate and has had a profound affect on underwriting.

Although institutional investors seem to be focusing most of their attention on Class A self-storage facilities, Class B and C properties are also seeing a bump from investors new found interest in the industry. There is a pretty big disparity between Class A properties and Class B and C, says Owens. As the industry welcomed an ever increasing number of new participants, sellers of A Class sites were getting top dollar whenever properties changed hands. Nevertheless, the supply of these assets is limited. There are not a lot of Class A properties, says Owens, so buyers end up chasing B Class properties.

Last year, the price gap between Class A and B was narrower, he adds. This year, it has widened more. Banks and lenders have much tighter underwriting standards today, and they are most likely to lend on very attractive Class A properties.

Knowing The Players
Occasionally, institutional investors will go after a grouping of B and C class properties. Institutional money is going after B properties, but only if you can get a portfolio together, says Boorstein. As you get to smaller markets, you must have a portfolio of three or more properties. It gives the buyer a presence in the market and the advantages of economies of scale.

If self-storage sellers believe their properties will attract the attention of commercial investors, they should set their asking prices accordingly. Sellers need to have a strong understanding of who their buyer might be-a private individual, a regional buyer, or an institutional investor, advises Owens. They should also know how a lender will underwrite and lend on their property.

In general, buyers prefer to use debt financing when possible. However, the cost of funds and debt is going up and, as a result, CAP rates are climbing. Sellers need to understand how that plays into what buyers can pay for the property and how it will be funded.

The benchmark is the 10-year T-bill, and the T-bill has gone down but spreads have gone up, causing interest rates to increase, Ekovich says. The more leverage you have, the more someone can pay for an asset. Leverage also affects the CAP rate and has had a profound affect on underwriting.

With the problems of tightening credit standards, sellers are unlikely to see the same type of debt structures available that were easily attainable only several months ago. Today, most buyers must use more of their own money to close a deal. You used to be able to get 10-year interest-only financing, but now you can only get interest for 2-years, says Boorstein. Very aggressive loans are now less aggressive. Now, the buyer has to put in more equity, and interest rates are higher.

In spite of credit concerns and a softening real estate market, many buyers are still aggressively pursing high-end self-storage properties. Sellers with solid portfolios or successful Class A properties are still likely to garner strong offers. However, sellers who are simply interested in testing the waters may not like what they find. The choppy tides can be extremely unfriendly as property prices have dropped off in some areas.
Nevertheless, the best stores will always attract the attention of a variety of buyers, ensuring smooth sailing for those who are staying the course to get the highest prices and best returns when selling their self-storage facilities.

Advantages Of Property Management

Property management is managing different types of property such as commercial, industrial or residential real property from different angles. It is acting as a bridge between the landowner and the tenant. The works that are included in management of a property is collecting rent on behalf of the landowner, to listen to the complaints of the tenants and ultimately convey it to the owners, and to rectify the defects that the tenants are facing at present.

Sometimes the person who is assigned to the management of the property also acts as a supervisor. The supervision starts from the very building process of a new-built property and continues to its maintenance. The property owner, to shed of his or her work pressure appoints someone to manage the whole process. Actually the purpose of property management is to run the property business smoothly. It is a paid service. The person who is appointed in this work is paid by the property owner. Sometimes the person gets a portion of the collected rent or a fixed amount of money as a salary. Generally a person can manage more than one property at a time but sometimes the management work is restricted by the owner of the property who wants exclusivity.

Property management also takes care of the finance of the landowner. The tax clearances, audit, keeping accounts for different purpose of a property are included in the work of the management of the property. If you are interested in this type of work first understand the present trend of the realty market and their effects on the market. If you are good at understanding the trends of the market then you will be able to assist the land owner properly. Side by side you will have to understand the present stock market because this market and the market of the property are very much interrelated.

Sometimes property management is entrusted to management firms which look after many properties at a time. The firm acts as an agent. Appointing any manager to a property needs a written contract and in case of individuals the contract is made between the owner and the manager while in case of the firms the contract is made with the firm instead of an individual. The agency or the firm appoints one of its employees as the manager to conduct the management work and this person is responsible for maintaining a clear relationship between the owner of the property and the firm.

Property management deals with the day to day aspect of property and plays an important part in maintaining the relationship between the owner and the tenants. Management of any property is not an easy job as it includes everything from caring for the daily maintenance to the accounting to the legal hassles if they arise. The landowners often do not want to handle this complicated paperwork, maintenance and other hassles that are related with the property themselves. A natural choice then is to engage managers. Many management firms looking after properties have in house lawyers who guide them in legal issues such as eviction, zoning laws and other problems for which an owner might need to go to the court. It is also the duty of the management agencies to be aware of the tenant vacancy position, financial health, and physical condition of the property to effectively and satisfactorily serve the owner.