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Descriptive Terms in Real Estate Ads – Even More Definitions

If you are buying or selling a home, the chances are good you struggle with the meaning of descriptive real estate terms. Here are explanations and definitions for more terms.

“Living Room” & “Family Room”

When a home has both a living room and a family room, we know which is which. It used to be that when an ad mentioned a family room, we could assume it also had a living room. Now some builders are building houses with something akin to the first use of “Great Room” above and calling it the “Family Room” on the floor plan. Thus houses and their terminology seem to be evolving. I suppose in the new builder speak we should just think of the room as an informal family living room.

“Patio” & “Terrace”

Both are outdoor living areas paved with something like slate or brick. A patio is level with the ground around it. A terrace has adjoining areas of ground which are higher, or lower, or perhaps both.

“Solarium,” “Sun Room,” “Florida Room”

These terms are used to describe rooms with lots of windows (often on three sides). Many times these areas also have skylights. The choice of what to call them seems purely personal. They tend to be charming, bright, sunny places in which to over winter plants and sit in the garden in chilly or downright cold weather.

“Jack and Jill Bath”

A bathroom with two doors into it. It is frequently situated between two bedrooms with doors to each. Sometimes the doors are into a bedroom and into a hallway.

“Waterfront” vs. “Water View”

Waterfront property actually has a common boundary with (frontage on) the water. Sometimes the property line actually goes into the water. Water view just means water can be seen from the property. Sometimes there is a beautiful view. Sometimes it means the water can be seen from one upstairs window when the leaves are off the trees! Also, many times a new structure might block the view at some time in the future unless there is a protective covenant or something to prevent it.

If you can get the verbiage down, you’ll be way ahead in the real estate game. Look for future articles on this subject or visit our site to read more terms.

Deciding on a Price for Your Home

When it comes time to put your house on the market, pricing can make or break your sale. If you overprice your home, you risk watching it languish on the market, but under-pricing it means minimizing your investment. The starting point for pricing should be based on recent sales in the neighborhood, not on personal attachment. Regardless of what you think your home is worth, the pricing should be based on market value – this is why it’s important to find a good real estate agent who is familiar with the area. He or she will start by looking at what other comparable houses in your area have sold for. This is called a comparative market analysis (CMA).

Another important consideration is the market. To be safe you want to allow yourself enough wiggle room to come down in negotiations, but if it’s a buyers’ market you will have to do more to make your home stand out. Pricing your home below the competition should ensure multiple offers, thus driving up the selling price. Other tactics include being flexible around financing options and offering incentives. In any case, you want to price your home low enough that you will get traffic through – the first three weeks are important. If the house sits longer than three weeks perspective buyers may assume something’s wrong with it.

In a seller’s market it’s safe to add 10 per cent to the last comparable sale in your neighborhood and in a balanced market you may aim to add an amount based on the last comparable sale plus the average market increase calculated over the time since that sale.

Remember, pricing your house is as much an art as it is a science. In the end the price is important, but marketing and staging your home plays a vital role as well. A good realtor can guide you through this process and help you get the best price for your house.

Buying An All In One System

These days, more and more people are turning away from memberships to gyms and instead choosing to invest money in a home gym. You can put a home gym in a spare corner of your home, or even in the basement if you wish. Along with helping you save money by combining several different types of equipment into one machine, these types of equipment can easily fit in small spaces and type up a lot less weight than their individual counterparts.

When you are considering to buy an all in one piece of exercise equipment, you should first think about your goals. You should consider what you hope to achieve from exercising and just how well this piece of equipment will benefit you.

There are several types of all in one equipment for exercise on the market and almost all of them are advertised well on television, in magazines, and on the internet. The most popular types on the market are those types that are geared towards individuals who are interested in lifting weights.

Right now, the two most popular types of all in one exercise systems are the Bowflex and Total Gym brands. The Bowflex system uses resistant bows that bend instead of the traditional weights that simply lift. Bowflex is designed to fit a wide variety of budgets and needs, it’s widely adaptable and extremely popular as well.

To make things even better, you can store the basic Bowflex system in small and tight places, even under a bed if you choose. The larger and more expensive Blowflex system competes with the types of professional equipment that you can find in gyms, which allow you a quality workout on quality equipment.

The Total Gym system is great as well, as it is advertised by martial arts legend Chuck Norris and supermodel Christie Brinkley. It is less expensive than the Bowflex and uses gravity and resistance instead of traditional weights. By using this system, you have the ability to adapt the machine to a wide variety of exercises that will work many different areas of your body.

When you make that decision about buying an all in one exercise system, you must also decide on price, features, brand, and just who will use the machine. If your family plans to use it as well, then you’ll need to get a system that everyone will agree on. You obviously wouldn’t want a machine that is too complicated for others in your home.

Even though Bowflex and Total Gym are the 2 most popular types of all in one equipment, there are several others out there as will, from brands such as Weider and many others. Before you make your choice, you should look at several to see which one offers you more for your money.

Aerobic Exercise for Weight Loss Can Be Fun

The word aerobic literally means “with oxygen” or “in the presence of oxygen.” Aerobic exercise is any activity that uses large muscle groups, can be maintained continuously for a long period of time and is rhythmic in nature. Aerobic exercises utilize oxygen as the major fuel for sustaining activity for relatively long periods.

In general, aerobic exercises are those activities that require large muscle work, elevate the heart rate to between 60 percent and 80 percent of maximal heart rate, are continuous in nature and are of 15 to 60 minutes in duration. An aerobically fit individual can work longer, more vigorously and achieve a quicker recovery at the end of the aerobic session.

Aerobic exercises fall in two categories:

Low to Moderate Impact aerobics – These include walking, swimming, stair climbing, step classes, light water aerobics, rowing and cross-country skiing. Nearly anyone in reasonable health can engage in some low- to moderate-impact exercise. Brisk walking burns more calories than jogging for the same distance because it takes more time to walk than jog that distance and poses less risk for injury to muscle and bone.

High-Impact aerobics – Activities that belong to this group include running, dance exercise, tennis, racquetball and squash. High-impact aerobics should be performed on alternate days. People who are overweight, elderly, out of condition or have an injury or other medical problem should do them even less frequently and only with clearance from their doctor.

Here are some of the many aerobic exercises you can do and because of the variety you have to choose from, it can not only take the bordum out of doing it, it can make doing it downright fun as well.

1. Walking
Walking is a popular form of exercise because it requires little in terms of equipment or facilities. Walking an extra 20 minutes each day will burn off 7 pounds of body fat per year. Longer, moderately-paced daily walks are best for losing weight.

2. Jogging/Running
In jogging or running, an individual is able to cover greater distances in a shorter period of time. Therefore, greater numbers of calories can be burned per time spent.

3. Choreographed Aerobic Exercise
Choreographed aerobic dance is a very popular form of exercise throughout the world. Aerobic dance helps in toning up the muscles of the body and many people find it fun to do as well.

4. Step Aerobics
Step aerobics incorporates the use of a step or bench typically about one foot wide and three feet long and about six inches high. Instructors use many moves that require participants to step up and down from the platform. This way, the activity will not be boring and tiring, but will be lively and motivating.

5. Water Aerobics
Water aerobics incorporates a variety of movements from both swimming and land aerobics to develop vigorous routines that are aerobic in nature. It utilizes the resistance to movement that water creates to elevate heart rates and also helps you if balancing yourself on land is difficult. It is a good way to lose weight.

6. Swimming
Swimming is a very popular form of regular exercise. Due to the resistance of water, the amount of energy required to swim a certain distance is greater than that needed to run or walk the same distance. In other words, swimming can burn more calories than running per time spent.

7. Stationary Cycling/Bicycling
Stationary cycling or bicycling are excellent forms of aerobic exercise when done continuously. Like swimming, cycling is a non weight bearing activity that builds muscular endurance and strength and improved flexibility of selected muscles of the legs and thighs.

8. Jumping Rope
Jumping rope can be a great aerobic workout as long as it is performed at a slow to moderate pace and is done continuously for a relatively long period of time (15 minutes or more).

The key to effective weight loss is through use of a healthy exercise program which is performed on a regular basis while following a healthy dieting & nutritional plan. Aerobic exercise is good for weight loss because it uses more calories than other activities and helps raise your metabolic rate.

This helps your body burn calories at a faster rate. It is an effective way to lose fat only if you are motivated enough to do it frequently. Aerobics only burns fat during the workout itself. So if you want encouraging results you need to be able to exercise daily and for longer periods.

5 Myths about the Fitness Exercises

1. Sport is for professionals. This idea applies only in the case of performance sports. The native qualities required for professional sportsmen (speed, skills, specific height, etc.) can only be developed, they can’t be formed by training. As long as the aim of a regular person is not performance, almost all sports can be practiced for keeping the body in a good shape. It’s all about dosing the training you chose, so that the benefits are bigger than wear and tear. Even the sports considered tough can be practiced in a ‘soft’ way (tae-bo, mini-triathlon, jogging, etc.).

2. Training is tiring. This idea is true as long as it refers to consuming all your energy (muscular and hepatic glycogen), but it doesn’t mean that training gets you into that state of exhaustion which would slow down the process of recovery of the body. Even in performance sports, the purpose is to have rather effective than exhausting training, so that the body can get the stimulation necessary to qualitative progress from one training to the next.

Even more than in other sports, in fitness the sportsman is spared overexerting. However, the training must not become ineffective. People can come to the gym tired after a work day and leave relaxed (physically and psychologically) and not more tired. This is extremely useful for people with sedentary jobs, but also for those who make physical effort at work. They could use the training by choosing a type of effort meant to compensate the one involved in their job.

3. Training takes too long. Again, this idea is true if applied to performance, which can only be obtained by working a lot. But also in this case short and very intense training or training for relaxation and recovery are often performed. In fitness, you can get to 20-minute training, working only super-series of fast exercises, which could involve, directly or indirectly, all the muscles. Anyway, regular training shouldn’t take longer than an hour and a half. Otherwise, the body will get into the catabolic faze, when the cortisone secretions ‘cannibalize’ the muscles.

4. Any type of exercise is good for solving your problems. What’s true in this refers to some particular cases like excess of adipose tissue. This tissue can be ‘melted’ by any kind of aerobic exercise (running, cycling, swimming) if this is continued long enough. Even in these cases it was clear that some exercises are more effective than others. There are situations when only a combination of exercises with a certain amount of each, can provide you with the results you expect. More than that, repeating the same exercise all the time can have as a consequence not only losing balance in the antagonist muscles and in the joints involved in training, but also stopping progress or even regressing.

5. You’re older? No more exercises! This is true only if we refer to extremely demanding efforts (really heavy weights, fast running, jumping, etc.). There are lots of exercises adapted to different ages. Their purpose is to keep and improve health and also to improve physical shape. The development of movement parameters for older people refers especially to muscular and cardio-vascular resistance as well as mobility of the joints. Because the final purpose of training is not preparing for a competition, the exercises can be organized gradually according to their difficulty, eliminating the risk of accidents. Because it’s based on perseverance, fitness can be adapted without problems for older people and even for people suffering from different affections specific to old age.

Contracts When Selling Your Home Without An Agent

A recent survey revealed that approximately 30 percent of homeowners intend to sell without a real estate agent. I bet more would if they didn’t fear the contract side of the process.

Contracts When Selling Your Home Without An Agent

It is undisputed that you can save tens of thousands of dollars by selling your home without an agent. Typical commission fees charged by an agent equal six percent of the sales price. On a $300,000 home, the fee of the real estate agent equates to $18,000 dollars. That is a lot of money you are leaving on the table.

If a seller can save so much money by foregoing an agent, why don’t more people do it? Simply put, they are scared of the process. In particular, real estate contracts can be a scary issue for most homebuyers. How do you know if you are doing it correctly? What if you don’t? Will you lose the home? Will there be lawsuits? Frankly, most people have nightmares about the idea of dealing with these issues. This need not be.

First off, most real estate agents do not know anything more than you do about contracts. They are in the business of selling real estate, not being legal experts. Moreover, most real estate contracts are of the pre-printed form variety. All and all, you need not be overly concerned with this issue. Of course, it isn’t my property.

There is a very simple way to get around the stress associated with dealing with real estate contracts and documents. The answer is found in the legal field. Specifically, you can hire a real estate lawyer to handle everything. You will get a legal professional that is one your side and who knows the details of the real estate process inside out. Frankly, they are a heck of a lot more competent than real estate agents when it comes to the transaction.

Ah, but isn’t it true that attorneys are incredibly expensive? Well, yes. In this case, however, they are much less expensive than paying a six percent commission to a real estate agent. Keep in mind our example above where we are paying a realtor $18,000 in commissions. Most attorneys charge in the $200 an hour range. If it takes 20 hours to handle the transaction, which is probably on the high end, you are looking at $4,000 in legal fees. In practical terms, you get much better advice and save $14,000 on commissions. In such a scenario, hiring legal counsel absolutely makes sense. Frankly, I am surprised more people do not do so.

The biggest barrier to selling a home by owner is often the fear of contract documents. Follow the above advice and you should have no problems.

Creative Financing – Ten Ways

Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn’t if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking.

1. Hard money lenders. You can ask around or find these online. They specialize in short-term loans at high interest. You typically use this type of financing for a “fix and flip.” You can often get the money fast, and if you make $30,000 on a project, who cares if you paid $10,000 interest in six months.

2. No-doc and low-doc loans. No (or low) documentation of your income or credit required. Again, you can find banks that do these online now. The catch is that you will only be able to borrow up to 80% of the purchase price or property value. If you have 10% in cash, you might be able to borrow the other 10% from a friend or the seller.

3. Seller-carried second mortgages. Sometimes a bank will loan you 90%, and allow the seller to take back a second mortgage from you for 5%, leaving you needing only 5% for a downpayment.

4. Land contract. Called “contract for sale” or other names as well, this just means the seller lets you make payments, and delivers the title upon payment in full. I sold a rental this way for $1,000 down, because I wanted the 9% interest, and the higher price I got this way.

5. Credit cards. If a seller will take $10,000 down on a fixer-upper that you expect to make $20,000 on, why not use credit cards? This is a true 0-down deal for you, and if you turn the project in six months, you will have paid $900 in interest on an 18% credit card. Don’t let $900 get in the way of making $20,000.

6. Retirement accounts. The laws get pretty complex in this area, but you can check with a tax attorney to see how you might borrow from your own retirement account to finance real estate investments.

7. Friends and family. Keep it all business, if you use this source, but loaning you money at 7% isn’t a gift if their money is getting 2% in the bank.

8. Note buyers. The seller needs cash. He raises the price, and sells to you for $100,000 with no money down, taking back two mortgages from you for $90,000 and $10,000. He arranged (or you did) for a note buyer to pay him $80,000 cash for the first mortgage at closing, getting him the cash he wanted. You pay two payments now, one to each note holder.

9. Get a loan on other property. Interestingly, if you take out a home equity loan for a vacation, and then forget to use it for that, you can use it for the downpayment on an investment property, without violating the rules of the bank that gives you the primary mortgage. In other words, you got in with no cash of your own.

10. Partnerships. For bigger projects, you could arrange for five investors to each put money into a partnership, with your share being the management responsibility instead of cash.

Content Ideas for Ads and Brochures When Selling Your Home

Even in this hot real estate market, selling your home requires a bit of marketing effort. Ads and brochures are important and powerful tools. So, what do you put in you’re marketing materials?

Content

To the degree possible include key information in you’re ad or brochure. A classified ad will contain less than a poster, which will contain less than a brochure, which may contain less than an Internet listing, etc. The key, however, is to make sure each medium contains maximum information and minimum fluff.

In general, people want to know what type home is being offered (single family house, townhouse, condo, etc.), how many bedrooms and baths it has, its general location, and the price. Obviously, you also need to include contact information so potential buyers know how to reach you.

If you have the space, a good tactic is to describe the characteristics of the house that lead you to originally purchase it.

1. Was it the location?

2. A beautiful view?

3. Neighborhood charm?

4. A school district you were seeking out?

5. Lots of storage?

6. Garage spaces for 3 cars?

7. High ceilings?

8. The style of architecture?

9. Large entertainment areas?

10. A beautiful garden?

Don’t be shy. Mention the best features to set your home apart from others for sale.

A note of caution is called for here. When you mention your home’s best features, don’t overstate them. If your potential buyer’s first emotion on actually seeing your property is disappointment, there really isn’t much potential for a sale to that person. With that in mind, I wouldn’t refer to a house with a garden that backed to a small farm pond as “waterfront property,” nor would I call a small, city apartment with windows on an air shaft a “spacious city abode with sunny views.”

Photos

Include color photos of your home whenever possible. When selling real estate, a picture really can be worth a thousand words.

When taking your photos, take lots of them. Take them from typical angles and from unusual ones, too. Cameras often like odd angles. Photos that show three walls very often seem to reduce the size of the room visually. It is often better to show only two walls with the corner slightly, or very, off center. You may want to show the same room from more than one angle. One photo may include a wall of windows and another show a fireplace in the same room. Regardless of your approach, keep in mind the photographs will give a potential buyer the first impression of your home.

Obviously, marketing is one of the key factors in selling a home. If you are creative with yours, buyers will come.

Buy Easily High Value Property At Commercial Real Estate Loan

Acquiring a real estate through one’s own resources is not possible for every aspirant as it requires huge funds. In modern business world, however, buying real estate has become a regular feature since it is viewed as highly profitable investment. Commercial real estate loan has been tailored for the purpose of easy and smooth buying of desired commercial real estate either for business or investment. The borrowers can utilize commercial real estate loan in buying shops, hospitals, pubs, restaurants, guest houses, industrial units or any property that has commercial angel.

There are some requirements from the lenders that have to be fulfilled for availing commercial real estate loan. The borrower is supposed to place the title deed of the real east in consideration as collateral with the loan provider. Thus the loan is fully secured. The title deed will be returned to the borrower once the loan is paid back with interest. The borrowers are also required to put some down payment. Often the down payment is up to 20 percent of the real estate value. Rest of the amount is divided into equal monthly installments. So, higher the down payment, lower the installment amount will be.

A huge amount is at stake in real estate purchasing. Lenders can even fund £1000000 under commercial real estate loan for purchasing a commercial property. The lending amount depends on repayment capacity, financial standing and credit history of the loan seeker. Commercial real estate loan comes with an Annual Percentage Rate ranging from 6 to 20 percent. The borrowers have the option of availing the loan at either fixed or variable rate of interest. The fixed rate remains constant throughout the loan repayment duration and the borrower knows how much is to be paid towards the loan. Variable interest rate will be charged as per the current market rate of interest which may increase as well.

To repay the loan, borrowers have the choice of 10 to 30 years of repayment term to choose from. Remember that lower repayment term results in higher monthly installment amount. The loan amount and repayment term should be decided carefully keeping one’s repaying capacity in mind. Otherwise, the borrower may lose the commercial real estate to the lender who may go for its repossession.

While applying for commercial real estate loan, instead of regular lenders, opt for online lenders. No documentation and fee is demanded from the lenders when applying online. Another advantage is that you get number of loan offers in response to the application and can pick up suitable loan package having easier conditions. Before concluding the loan deal, consult a real estate attorney to avoid any pitfalls.

Commercial Real Estate Loan should be taken in such a way that it makes you financially stronger. Pay off the loan at due date so that you remain in the good books of the lenders.

Aerobic Pictures – The Truth About Their True Effectiveness!

I know how skeptical people typically are about motivational pictures. Everyone has seen and got fed up with that tripe posted on the partition walls of their cubicles – some stranger conquering an impossible mountain against the canvas of a magnificent sunrise with some stupid caption about “persistence”, or “excellence” under it, or some poor little kitten cutie struggling to hang on to the edge of a table with her babyish claws, beneath which is inscribed, invariably in corresponding bubbly cutesy letters, “hang on”.

Hey, you might not believe me when I tell you this. If I were a listener like you, I would probably not believe in it either. Nonetheless, I have an urge to tell you this simple yet rarely acknowledged fact that nothing inspires people quite as much as aerobic pictures to get fit and back in shape.

It is considered a sign of very low refinement even to put such thing up, let alone to confess to be motivated by them – unless you are a middle manager, in which case low refinement is considered more of a virtue than a vice. However, at least in the case of aerobic pictures, it is true. The right picture can really give people that extra push and get them moving.

Well, you think I am exaggerating. No not really. Seeing people sweating every day enables me to tell the gleam of sweat from the gleam of confidence. What I see here is definitely the gleam of confidence. They look at those aerobic pictures and stand up straighter, work that much harder, and I believe, go home feeling a whole lot better about themselves. Even the aerobic exercise classes seem to go better once the pictures are present.

I should know. I am a manager at the Skinny Booty Gym downtown, and I oversee various tasks including decorating the walls. It has given me plenty of time to observe people in their workouts, and the differences that those aerobic pictures make are surprising. Before I stick them up, many people seemed to be just painfully dragging on with their workouts, without hope of ever attaining any fitness goals. Since I put up the aerobic pictures, however, things have taken a dramatic turn. It is like the aerobic pictures lift everyone’s morale that makes them practically shine with confidence.

After seeing this effect on people, I have even taken down my other motivational posters and put up the aerobic pictures around my cubicle in the gym. Even when I am not doing any exercise, the pictures of fit, trim people doing their aerobics workouts seems to tell me I should put in a little bit more effort into whatever tasks I am attending to at the moment. There are many types of decorations which are more beautiful, more exciting, and flashier than aerobic pictures, but I have yet to find one that exerts a bigger positive influence on the work ethics. And isn’t that the most crucial thing of all?