The Rise And Fall…and Rise Of Dubai’s Property Market?

The Rise And Fall…and Rise Of Dubai’s Property Market?

Dubai

In the early 2000’s, Dubai was able to establish itself at the forefront of world real estate investment as ex-pats flocked to the rapidly expanding, tax free haven in the United Arab Emirates. But like all bubbles it was to eventually burst. After floating on a healthy breeze of consumer demand, the wind changed after the global economic disaster of 2008 and only now are the green shoots of recovery peeping through.

Read the rest of this entry »

Advertisements

THIS MONTH IN REAL ESTATE – OCTOBER, 2011

The following is a Keller Williams produced video. It gives a short overview of what is happening during the month of October, 2011.

If you would like to know what is happening in your neighborhood, please contact me.

THIS MONTH IN REAL ESTATE – SEPTEMBER, 2011

This Month in Real Estate – August, 2011

The following is a Keller Williams produced video. It gives a short overview of what is happening during the month of September, 2011.

If you would like to know what is happening in your neighborhood, please contact me.

THIS MONTH IN REAL ESTATE – AUGUST, 2011

This Month in Real Estate – August, 2011

The following is a Keller Williams produced video. It gives a short overview of what is happening during the month of August, 2011.

If you would like to know what is happening in your neighborhood, please contact me.

WHAT IS THE FHA?

What is the FHA?
For expediency sake, the following is a reprint from the FHA website.  For complete and detailed FHA information I must defer to the FHA.  See the end of this article for appropriate links to FHA Loan Resources.
The Federal Housing Administration (FHA)

What is the Federal Housing Administration?

Read the rest of this entry »

THIS MONTH IN REAL ESTATE – JUNE, 2011

This Month in Real Estate – June, 2011

The following is a Keller Williams produced video. It gives a short overview of what is happening during the month of June, 2011.

If you would like to know what is happening in your neighborhood, please contact me.

DISTRESSED PROPERTY MARKET

Distressed Property Market – As you are all aware, today’s real estate market differs a great deal from the traditional market.  Following is a simple comparison of these markets.

A Simple Comparison of Markets and Mindsets

 

Traditional Market

Distressed Property Market

Sellers

Seeking to maximize their sales price, taking full advantage of their home’s appreciation

Seeking whatever they can get, or more likely, seeking to get out from under an upside-down mortgage

Buyers

Seeking the right home at a reasonable price

Seeking the very best deal, or even a steal

Lenders

Generally open to making loans and into creating new products,  programs and policies to encourage borrowing

Lending criteria dramatically tightened and loans are hard to get.  Lenders have become sellers of distressed property, either before (short sale) or after (foreclosure / REO)

Agents

Eager to jump in and generally able to master transaction basics

Often not well informed about the unique transaction requirements of distressed properties and often unaware of how best to coach their clients / An informed agent is critical in this market