Category Archives: Real Estate

Real Estate as a Vacation Home

Life is hectic. Working in a 9 to 5 routine, for seven days a week can be really overwhelming if you don’t take a little time out to take a breath and evaluate where you’re going. The day starts and the night ends and you don’t stop even for a moment to see, to breathe, to relax. It’s important that you look around. Breathe in and absorb the beauty of the world that you live in. Especially when you live in such a beautiful place as Connecticut.

Speaking of which, if you live in Connecticut or wish to be, then we’re here to help you fulfill your desire. At Greg Broadbent, we have a team of efficient and hardworking realtors whose only priority is to get you a property that you so keenly desire. We deal with residential houses, vacation homes and all other kinds of real estate. No matter what number of houses you want, what kind of location you desire, what type of build you’re into, we have got it all covered for you!

At Greg Broadbent, there are highly trained and experienced professionals who will find for you exactly what you are in search of. We have an eye for every good Stonington CT real Estate. We can scan through all the data that is fed into the state computers and bring to you the exact same property that you desire.

If you’re looking for a vacation house that will be your relief from your hectic working routine, and the tiring studious education routines of your kids. If you just want to spend some time to bask in the light of nature, with your family by your side, with an indoor pool and a garden that you can plant your favorite lilies into. If you want a perfect dream house that you’re unable to live in because you have to live in the city to work hard and make a living. And if you want a nice and clean, beautiful and fresh place to live in to spend that money that you have earned by working so hard, then have faith in us! Our Realtors will help you find a piece of heaven on this earth. A place where you can buy a home and spend your vacations peacefully, with our kids running in the lounge, and you sipping margaritas with your special partner by your side.

Investing in Groton CT Real Estate will never be a bad idea, we can assure you this! We know the market, and we value the sentiments of our dear customers. Our customers and clients are our utmost priority and we can never let you all down! We thrive to bring the best for you, and with a little trust from your side, we will achieve this goal! Together we will work to get you the best property out there, because after all this earning and working hard day and night, you deserve a beautiful vacation home, and we will stop at nowhere to help you get it!

 

Buying Condo

Most people want to own a condo because having it is seen as a non-traditional ownership. Individually owned units are spaces within predetermined limits. condos can include some rooms as well as interior walls that divide different rooms in certain units. It also includes a storage area and a balcony. This unit is a landless airspace, but is still considered real estate. Most of the condos are located on tall buildings.

condo 12Public area – The public area is another part of such property. This is the area where all the unit owners share. These include roofs, lobbies, halls, foundations, floors, elevators, ceilings and basements and so on. Others are installations such as water, gas, electricity and heating. There are other areas such as parking lots, swimming pools and so on, which are also part of a common area owned by the unit owner.

Property interest – Property interest in the property is conveyed through deed. The owner can sell his interest if he wills to do so. Just like other kinds of property, an individual can hold ownership, or by two or more than two individuals, by a wife ancondod a husband or business entity.

Taxes – Just as is the case with other kinds of properties, the condo unit owners have to part with property taxes as required by law. Every unit and the interest in common areas are usually deemed as a package and is taxed and assessed at an individual level. Common areas aren’t assessed and taxed separately. The owner is responsible for the taxes within their own parcel.

Associations – Typically, condominium associations or unit owner associations are formed when condos are created so as to ensure that all owners can maintain and manage the overall property as a team. Typically, property managers from outside are assigned to handle all developments and property management. There are several developments of homeowners associations and condominium associations where they have responsibility for various aspects related to the management of their development and maintenance. There are governing documents that are created so as to offer guidance on how associations are supposed to operate. They also include some rules that all the tenants, owners and guests need to adhere to. These are the legal documents that can specify anything, including the kind of pets allowed and the consequences of breaking any of the set rules. Some of the consequences can include a lawsuit, forced compliance and even fines.

Monthly Contributions – The Association receives contributions at different times each year and this is the responsibility of the unit owner. This fee covers maintenance and management costs. Typically, contributions include variable and fixed costs such as taxes, pool maintenance, landscaping, waste removal, building insurance and also something to add to a reserve fund. If the money in the reserve fund is not enough, then a special assessment can be submitted to the owner to handle repairs and special projects that require little cost.

 

Commercial Real Estate Appropriate Time for Buying

At 2007 to 2008 commercial real estate investment market was in a period of destruction, because at that time there was a global economic crisis. Not just the real estate sector but all sectors of the economy suffered a setback. After four years of economic recovery until now. But in the mind of an investor arise the question, is it the time to invest? Especially in real estate?

If you are waiting for the right moment to buy a commercial investment, do not rely too much on the media, because you do not know for yourself what’s going on. If you are a person interested in doing business in commercial real estate, you should really work with people who have real estate business, people who already have experience in property. This needs to be done because accurate information can be achieved before making expensive decisions.

One of the most famous brokers in the United States to give an analysis, that investing in real estate can penetrate the condition of a person, when he married, have children, even divorced, fired, or recently retired. For the real estate business the condition does not make the world end, the time keeps going and growing, if you feel the time to stop the development of commercial real estate investment continues to run.

The correction of the commercial real estate market usually lasts for four years as long as you own the property. In that time, there will usually be a change from the real estate owner. Changes in market prices at any time can be happen, this is what makes people sell their property, because it has invested a lot of money for several years. They are afraid not to get the money back. This condition is very realistic, isn’t it?

For four years much will happen in a person’s life. You will get a lot of information from real estate businessman that many have happened friends, do not fall asleep! Look at the property market is different today! Wake up to take advantage of one commercial real estate market in the last decade.

You should also know that the creditors already provide a lot of lending terms relief money. They give concessions to prospective customers with the aim of increasing the transaction, because the more transactions the profits of the creditors will grow. When cash is not played or lent, it will be a problem for the creditors that their money will still not increase. Every day lenders seek new customers, they compete with the bank. From this condition you should use the situation smartly to run the commercial real estate business. If you have been waiting for the right time to buy commercial real estate, this is the time.

From the explanation above can be concluded that the right time to make a commercial purchase of real estate is when you get a favorable market conditions and supported by the condition of ease of getting capital. Also look for high-quality full-service commercial real estate firms that handle owners, tenants, and investors. If you choose a company with such qualifications, you can guarantee easy acquisition, disposition, property management, industrial, retail, land, and medical etc.