Real Estate in England

Buying a house is very often a difficult task. It is a lengthy and complicated business, which while exciting is often fraught with stress and worry especially in Britain because it could be notoriously drawn-out business.

It is very important to known the process of home buying in England, understanding the laws and regulations in use that will help you avoid some of the most common hazards. But one the best ways to make your decisions buying a property or a home is consulting to Estate agents who will give you the best options for your needs.

Consider that Estate agents provide advice and property details to buyers, but the first thing that they do is to get the best deal for the seller, who is the agent's client. As a buyer, you are the agent's client only if you are paying the agent to find a property for you.

Be sure what are you buying or renting, the Estate agent can provide a written description of the property (known as property particulars) to give you an idea of what a property is like.

You may see these terms in property particulars:

• Freehold - the seller has full ownership and the right to sell the property. Most houses are freehold;
• Leasehold - the seller has a lease on the property for a set time period. The seller can sell the remaining time on the lease but the property is actually owned by a freeholder. Most flats are leasehold.

Once you have decided for any property the next step is go and see it. If you have interested to purchase the property you will have to make an offer first through the Estate agent and this must to pass it to the seller promptly and in writing.

Although the seller has accepted the offer, that do not means contract is binding. The buyer can still receiving and accepting other offers, or both you and the seller can renegotiate the price and any conditions of the sale right up to the point when contracts are exchanged or accepted.

If your offer is accepted and both parts buyer and seller agree then the Estate agent will give you help and make the next procedures to complete the transaction.

REAL ESTATE

Real estate investing requires an understanding and proficiency of at least a handful of financial measures and formulas, otherwise investment opportunities can't be evaluated correctly, and investment money can be lost.

So to help you better understand real estate investing, I've assembled a list of twenty-one measures and formulas used in real estate investing. Some formulas are omitted because they are complex and would require a financial calculator or real estate investment software to compute.

1. Gross Scheduled Income (GSI)
This is the total annual income of the property as if all the space were 100% rented and all rent collected. It includes the actual rent generated by occupied units, as well as potential rent from vacant units.

Example: $46,800

2. Vacancy & Credit Loss
This is potential rental income lost due to unoccupied units or nonpayment of rent by tenants.

Example: $46,800 x .05 = $2,340

3. Gross Operating Income (GOI)
This is the gross operating income, less vacancy and credit loss, plus income derived from other sources such as coin-operated laundry facilities.

Example: $46,800 – 2,340 + 720 = $45,180

4. Operating Expenses
These are the costs associated with keeping a property in service and revenue flowing. This includes property taxes, insurance, utilities, and routine maintenance but does not include debt service, income taxes, or depreciation.

Example: $18,525

5. Net Operating Income (NOI)
Net operating income is one of the most important measures because it represents a return on the purchase price of the property and, in short, expresses an objective measure of a property's income stream. It is the gross operating income, less the operating expenses.

Example: $45,180 – 18,525 = $26,655

6. Cash Flow before Taxes (CFBT)
Cash flow before taxes is net operating income, less debt service and capital expenditures, plus earned interest. It represents the annual cash available before consideration of income taxes.

Example: $26,655 – 19,114 = $7,541

7. Taxable Income or Loss
This is the net operating income, less mortgage interest, real property and capital additions depreciation, amortized loan points and closing costs, plus interest earned on property bank accounts or mortgage escrow accounts. Taxable income may be negative as well as positive. If negative, it can shelter your other earnings and actually result in a negative tax liability.

Example: $1,492

8. Tax Liability (Savings)
This is what you must pay (or save) in taxes. It's calculated by multiplying the taxable income or loss by the investor's tax bracket.

Example: $1,492 x .28 = $418

9. Cash Flow after Taxes (CFAT)
This is the amount of spendable cash generated from the property after consideration for taxes. In brief, it's the bottom line, and is calculated by subtracting the tax liability from cash flow before taxes

Property Investment in Dubai

Home :: Home :: Real Estate
By: Mark Burns	Email Article
Word Count: 654	Digg it | Del.icio.us it | Google it | StumbleUpon it

Dubai is a city that offers the magic of Arabia in a ‘state of the art’ setting. Growing at a fast rate it has become a prime vacation destination for holiday-makers. Positioned between several continents, you can feel the unique blend of cultures and a visit to the city will be a stimulating experience. You will find the city small but regardless this fact; the city will be able to offer the best in hotels, amenities and entertainment facilities. Dubai is well known as a favourite location for business events because of its location and top of the range business facilities. As one of the most sought-after real estate destinations worldwide, investing in property will see a high return.

Some of the main factors to consider if interested in property investment in Dubai are discussed in this article.

Dubai is one of the most modern and progressive Arabian states open to the West. As the fastest growing industry here, tourism levels are high; the variety of activities and shopping attracted more than four million to the city last year. For 2010 the estimated number for foreign visitors is predicted to be over fifteen million and with the majority of hotels of a luxury, high class standard with prices to match and nearly 100% full all year around, there will be a market for alternative accommodation.

Recognized as the main trading centre for the Middle East due to its excellent strategic location, international corporations are opening up their regional offices here. Dubai International Financial Centre, Internet City and Media City are just some of the new developments that provide the most up to date technology for business professionals. Newer developments offer high tech facilities for businesses, such as Dubai International Financial Centre, Media City and Internet City. These areas are all great potential business opportunities as the population and potential market makes up for more than two billion people.

Now that the Dubai government has permitted foreigners to own property, the number of overseas investors has risen greatly. With as much as 40% cheaper to buy a property than to rent, most people should consider a purchase.

With international companies setting up offices here, employment has risen, Dubai now attracts trained professionals and expatriates for better employment prospects, tax free high salaries and a higher standard of living. This has resulted in a long-term need for property.

In a try and supply the populations’ needs, Dubai government has invested $40 billion dollars into the property market. Dubai has already received international attention for its pioneering real estate projects and extensive construction and real estate developments are underway throughout the city. Estimates are that even with the amount of ongoing building work, it will be another five to ten years before the level of supply can be met. Dubai’s population and economy is increasing at an unbelievable pace and has an average 8% growth in annual GDP.