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Fairway Living Magazine Announces Golf Course Communities, and Golf Real Estate
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LuxurySantaCruz.com (http://www.LuxurySantaCruz.com) is considered by many to be Santa Cruz County's most intuitive and user-friendly real estate database. But it also sets itself apart from the herd by providing an interactive Map-based Search service which couples the traditional, form-based MLS search with the ability to browse listings on a street or aerial map. With just 2 clicks to view a listing, LuxurySantaCruz.com remains highly visible and hugely popular among today's tech savvy homebuyers.
Caribbean Real Estate Development Offering Luxury Villas
Sky Beach Club announces two villa floor plans in luxury Caribbean real estate development.
La vida es hermosa in California: Orange County Real Estate Meets European Luxury
With the classical styling of the most discerning Europeans, this single level estate captures true splendor of Orange County homes and redefines the boundaries of luxury living.
Discount Real Estate Services Expanded to Bloomington, Muncie, Southern Indiana and 18 Indiana Counties
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Discount Real Estate Services Expanded to Terre Haute, Kokomo and 11 Indiana Counties
"Fee for Services" real estate business now offers reduced commissions to sellers in over 41 counties.
Adare Manor Hotel & Golf Resort: The Melting Pot Of Luxury, Service And Of Course, Golf
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Austrian Luxury Real Estate Market Still Bullish, Says CEO of Leading Luxury Real Estate Portal
Despite the present turmoil on the global Real Estate Markets and the financial crisis the recently launched Luxury Real Estate Portal www.EliteAlps.com is a full success. Due to high demand for Austrian Luxury Real Estate from wealthy individuals from all over the world, demand is outstripping supply in most hot spots in Austria and prices of those much sought after properties keep rising.
Sonoma County Appointed Special Advocates for Children Provides Stability and Love to County's Foster Children
The Sonoma County Court Appointed Special Advocates for Children (CASA) and its executive director, Millie Gibson, were recently featured in the Sonoma Index Tribune for reaching out to foster children by providing an adult mentor that will be a constant and loving presence to abused foster children until they are place in a safe and permanent home.
Atlanta Luxury Real Estate Firm Beacham and Company Launches AJAX Powered Website at Beacham.com
Glennis Beacham, who has been the top agent company-wide at Harry Norman, Realtors, for the past 11 years, opens her own firm Beacham and Company and launches a new high-tech website www.beacham.com. Beacham, who sells homes at an average price of $2 million or more and has sold in excess of $70 million annually for several years, will focus on Atlanta's booming luxury residential market. The new website features the latest in web technologies such as AJAX, DHTML, CSS, and FLASH to make property searches more dynamic and efficient.
Windermere Exclusive Properties and RealBird® Announce Luxury Real Estate Portal for San Diego County
RealBird and Windermere Exclusive Properties announced today the launch of LuxurySanDiegoEstates.com, a novel luxury real estate portal featuring all MLS listed homes with a price of 2 million dollars and above in San Diego, California.
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Executive Jet Management Expands Midway Airport Charter Office to Address Increasing Demand for Charter Services
Executive Jet® Management (EJM), a leading provider of worldwide private jet charter and aircraft management services, has expanded their Chicago Midway Airport office.
Magellan Jets Sets A New Standard For Private Jet Charter Membership Services
Magellan Jets Offers The First Ever On-Time Guarantee In The Private Jet Service Industry
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Why is the Real Estate Note buyer offering less than what is owed?
Why is the contract buyer offering less than what is owed?
Contract buyers are legitimate business people. They want to buy your contract. They'll do everything they can to pay you top dollar. Of course, their business is governed by economic realities. Risk factors have to be carefully considered. When note buyers purchase a contract it's not like investing in a CD, or government bond. These instruments pay automatically without any hassles. Contracts, however, do carry some risk. Some of the risks the contract buyer must consider are:
1) The payment stream. Will it continue to come in on time? Does the person making payments have the ability to keep the payments current?
2) Will the house the contract is secured by be well maintained?
3) Will the market value of the house remain stable? Will the homebuyer pay their property taxes when they come due?
4) Will they always keep home damage insurance in force?
5) There's the possibility of default. No one has the ability to guarantee the future. Contracts that go into default are real hassles.
Foreclosure is expensive. A contract buyer would rather have a root canal than foreclose. Those are some of the risks that have to be considered. There has to be some profit potential built in to making it worthwhile for a contract buyer. That's one of the reasons why contract buyers offer less money than is actually owed.
The second reason for the discount is due to money's value over a period of time. This is an economic principal that needs to be clearly understood. A contract is a cash flow spread out over several years. It's not an appreciating asset. Each monthly payment is being paid with deflating dollars. What do we mean by deflating dollars? We all understand the realities of inflation. Inflation means a steady increase over time of the costs of goods and services. If the costs of goods and services are going up in the future, and a dollar is gradually losing its purchasing power, the contract buyer has a problem keeping the cash flow even with inflation. They say to themselves, 'What are these monthly payments going to be worth 5, 10, or 15 years from now'? By discounting the note, the contract buyer has a chance of keeping the cash flow even with inflation. How much discount is required depends on how long the contract is spread over time. A 10-year contract won't require the same discount as that of a 20-year contract. The faster the money is paid back the more its worth.
The time value of money is really easy to understand. Consider what inflation has done to the purchasing power of the dollar. How much less were the property taxes on your house 10 or 12 years ago? What did it cost for gasoline 10 years ago? If only we could buy a new car for the same price they sold for 12 years ago. What did auto insurance cost 10 years ago? Are you paying less for food than you were 10 years ago? How about entertainment and eating out compared to a few years ago? Medical costs have gone out of sight compared to a number of years ago. You see, the list can go on and on. The point is every day dollars are deflating. They will not buy in the future what they can buy today.
Lets give you a visual example of the time value of money. Picture the two of us sitting at a table. I tell you that I want to give you some money. I put a five hundred dollar bill and a thousand dollar bill side-by-side on the table. You can either take the five hundred or the thousand. We would all take the thousand, right? But what if I told you there's a stipulation if you take the thousand. You have to wait ten years to receive it. Now, which bill do you want? The five hundred of course. Having cash right now in our hand is worth more than waiting. We would say to ourselves, 'how much will the thousand be worth ten years from now?' The contract buyer thinks the same way. The current face value of a contract could be $60,0000.00. But what will those deflating dollars from the monthly payments be worth in the future? The contract buyer offsets those deflating dollars with a discount. That's what the time value of money is all about. O.K., you say to yourself,'I understand the reason for a discount. But it's still pretty hard to accept the discount when the contract is sold. Can I come out better'? Yes, absolutely. There are several ways to structure the sale to your advantage.
Intel Note Services" Julius Morrison Founder and CEO Fax: (347) 449.7317 Phone: (718).713.7064 E-mail: intelnoteservices@gmail.com Site: intelnoteservices.com
Intel Note Services was formed in 2005 as a partnership.
Julius L Morrison, is the current President and owner. I graduated from Rutgers University in 2003 with a Bachelor of Science degree in Industrial and Systems Engineering. After working in the hospital field for a number of years, he and his family moved to New York City in 2006. (New York is a nice place to raise a family!) After a three year stint in the real estate business, I discovered my true professional niche when I founded this company.
We have closed hundreds of transactions of all kinds, from routine to very complex. We have worked with many heirs, executors, personal representatives, trustees, Realtors, attorneys, accountants, and others in the process of closing deals in the best interests of all parties concerned.
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