Real estate in greece

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The ...House For Sale in Greece - 4 New Houses for Sale in Galaxidi/ Ferienhaeuser zu verkaufen in Galaxidi,Griechenland ::Apartment For Vacation Rental in Greece - Luxury duplex penthouse vacation rental in Central Athens - sleeps 2 - 9 :: Now you can have the best of both worlds in Central Athens - A luxury penthouse apartment in the heart of the city, yet high enough above the hustle and bustle of the city to relax and enjoy the private verandas and terraces of these truly first class accommodations. Greek Vacation Rentals offers you .. is a village located 200 km west of Athens (about two and a half hours drive from Athens airport). 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Both villas are 87.3 sq m. total in a seperate 300 sq.m. plot at the bargain price of 150.000 euro for each villa. ..this is 5,000 sq. meters of olive grove with a fabulous view of the sea and surrounding islands. electric and water available and is 5 min. walk to town and beaches. No traffic and perfect for that dream house to be built on Real Estate in Greece focused at first time on commercial and industrial property, but over the years the company has expanded into every aspect of properties.It is that approach that enables us to direct clients to optimum investment opportunities.For the last ten years, Real Estate in Greece has been providing information and decision support tools for consumers looking for home and real estate-related information on the Internet. Visitors Real Estate in Greece have access to the most comprehensive selection of existing homes for sale, new homes, apartments for rent and senior housing.The types of property that people might purchase using a commercial mortgage in greek islands could be anything from hotels, restaurants, shops and takeaways to office buildings, factories, warehouses and farms. real estate in greece,Sometimes people might buy the business and property at the same time if the two are intrinsically linked, such as a hotel or restaurant. When properties are purchased to be used as business premises, the mortgage is known as a commercial owner-occupier mortgage,real estate in greece,. Alternatively,real estate in greece, a commercial mortgage in greek islands could be used for refinancing. People might want to unlock capital from their existing business property in greece, to expand or improve their premises or facilities, or to raise cash for any other business purpose. There are many other uses for a commercial mortgage real estate in greece, , such as buy-to-let mortgages, where people purchase a property (perhaps residential) as an investment and let it out, or commercial development mortgages, where people purchase a property to develop it and sell it on for a profit. Why real estate in greece, purchase premises rather than rent? Taking on a commercial mortgage is a major leap for your business and must be carefully considered before entering into the commitment.in greek islands However, it can be an excellent investment and owning the business premises that you occupy can bring many advantages to your business: In most circumstances the proceeds of the loan are not considered to be taxable income and the interest payments are tax deductible. You’ll have a clear repayment plan, with terms and rates tailored to suit your needs. (See below for more details on this.) This means that you can manage your cash flow more easily. Mortgage,property in greece, repayments can be cheaper than rent. Any property purchase is an investment. Your asset could appreciate a great deal in value, thereby increasing your capital. You have the potential to make money by subletting. For example, you might have space in greek islands that you don’t currently need, and could make money on it by letting it out to another business until you need it to expand your own business. Why real estate in greece,use a commercial mortgage to raise capital? If you already own business property and need cash for your business for any reason, unlocking the capital in your property by refinancing or remortgaging is an effective solution.,property in greece, Think of it as a loan that could be used for any business purpose – not just expanding or improving your premises.in greek islands There are many benefits in doing this: Commercial mortgages can be easier to obtain than business loans, especially for small businesses, as the property provides security to the lender. Unlike many business loans,real estate in greece, which tend to have a short repayment term, commercial mortgages cover a long period – anything from 15 to 25 years, depending on the lender and the financial circumstances of your business. ,property in greece,In most circumstances the proceeds of the loan are not considered to be taxable income and the interest payments are tax deductible. There are two ways in which you might use a commercial mortgage to raise capital for your business: 1. Refinance your current commercial mortgage in greek islands to include the loan amount that you wish to borrow. 2. Release the equity that has accumulated in your current property in greece, i.e. the current value of the property minus any outstanding mortgages or debts tied to it. What are the costs and repayment options for commercial mortgages? Repayment plans tend to be similar to residential mortgages. The main options are either fixed rate or variable rate repayment mortgages or interest only/endowment mortgages. Unlike residential mortgages,real estate in greece, however, the interest rates for commercial mortgages tend to be higher as business lending is perceived as more of a risk. The rates will vary depending on the circumstances of your business, but generally speaking,,property in greece, the higher the risk, the higher the interest rate in greek islands. For the same reason repayment terms also tend to be shorter than residential mortgages – typically 15-20 years. It’s likely that you’ll also need to raise a deposit, as most lenders won’t provide 100% loan-to-value mortgages – i.e. they won’t provide a mortgage for the full purchase amount and will expect a down payment from you as a form of security (typically 20-30% of the purchase price,,property in greece, although some lenders accept as little as 5%, but with a higher interest rate for repayment). Other expenses to consider are the setup costs in greek islands involved in arranging a commercial mortgage, such as legal charges, surveys and broker fees. real estate in greece,In terms of responsibility for repaying the mortgage, this depends on the type of business. If you’re a sole trader the responsibility will lie with you and you may also be personally liable should you default on the repayments – meaning that you could lose personal assets as well as the commercial property that is mortgaged.,property in greece, If you’re in a partnership, the responsibility and liability apply to all partners. If it’s a limited company, the responsibility and liability belong to the business, although personal security may be required to approve the mortgage depending on the profitability of the business in greek islands. How do you obtain a commercial mortgage?,property in greece, When applying for a commercial mortgage, you’ll need to do your homework and build a strong business case to demonstrate your company’s ability to repay the mortgage. Be prepared to undergo a thorough examination of your finances, including: business history of your company:real estate in greece, financial statements, profit and loss accounts, balance sheets, past and current cash flow, all certified by an accountant future projections for your company: long-term business plan, intended use of the property in greek islands, earnings potential, projected cash flow personal finances: the financial histories of yourself and all other key stakeholders in the business, such as credit worthiness and past earnings All of these factors will determine the lender’s perceived degree of risk in lending you the money, which will in turn determine the term and interest rate of the loan that they are willing to give you. The obvious first step to many people applying for a commercial mortgage is to approach their bank or business lender, with whom they already have an established relationship. However, for this very reason it’s unlikely that you’ll receive a competitive deal,property in greece,. The best way to get a commercial mortgage is to use the services of a specialist independent mortgage broker, who can help you get a good package to suit your needs whatever your circumstances. Even if your credit isn’t great, it doesn’t mean that you won’t qualify for a commercial mortgage in greek islands. Having a broker to represent you will really strengthen your case. They have access to a wide range of lenders and understand their criteria for lending, as well as your specific needs,property in greece,. They can therefore undertake a targeted search, increasing your chances of finding a suitable loan. In fact, the broker may even be able to obtain several different options from various interested lenders,real estate in greece, which provides the scope to negotiate a fantastic deal for you. Money isn’t all that you’ll save. Imagine if you tried to apply to several lenders yourself – think of the time taken to complete all the applications,property in greece,and the time wasted in applying to unsuitable lenders in greek islands. The independent advice and specialist knowledge that a broker provides are invaluable real estate in greece,.

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5 Magic Points: Should I BUY or RENT my HOME?

by Tom Levine

Buying a Home is the American Dream. It is more than a place you put your hat at the end of the day. It defines you, protects you, and prospers with you. Yes, Home Ownership is a noble pursuit, but it always starts with this first, important question: Should I buy or Rent my Home? The answer, surprisingly, is not so obvious.

Now the question of “affordability” is an important one, but that’s not the subject of this article. We have a free calculator at our website. You’re welcome to use it. The subject of this article, however, deals with the questions that must be answered, before a renter can migrate into the magical realms of HOME OWNERSHIP.

Here are 5 MAGIC POINTS that you need to examine, on whether or not to BUY or RENT your next Home:

EXPENSES
COMMITMENT
MONTHLY PAYMENTS
TAX RETURNS
WEALTH

1. EXPENSES:

Renting a home requires that you give a check to the landlord each month. That’s it. You’re done. Everything else is simply taken care of for you. When you OWN a home, you are in business for yourself, and this means that you must handle all of the expenses yourself.

You are responsible, of course, for the monthly mortgage payment to the bank...
You must pay all your utilities, including phone, gas, electric, cable, trash, water, etc.
Don’t forget your responsibility to take care of maintenance. Not having enough money in the bank account is not a good enough excuse. If it’s broken, ya gotta fix it!
Don’t forget your Homeowners Association Dues, your Membership Fees, Property Taxes, Special Assessment taxes, insurance…yada, yada, yada.

When you rent a home, you give the landlord a check. When you buy a home, you must ensure that all expenses are met and managed every single month, forever...

2. COMMITMENT:

Renting and Buying have different financial commitments.

To rent a home usually requires a lease. Sometimes it’s month to month; sometimes it’s a 12 month lease. But, no matter what, there’s always a way out. Your commitment is limited to the time you choose to stay and reside there.
When you buy a home, you usually sign a 30 year mortgage, which most people would argue, is like forever. You are committed to ensuring that the payment is delivered to the bank or lender every single month, on time. They don’t care if you want to move at some point. You can sell your home of course, but you can’t just break your mortgage, like you can break your lease.

Buying a home requires a long-term, financial commitment. Renting a Home simply requires that you cut a check each month you reside at the home of choice.

3. MONTHLY PAYMENTS:

It always appears that a renter will pay less each month on monthly payments. Let me shed some light on this subject. Examined closely, this is as far from the truth as the moon to the Earth. Let’s use an example:

As a renter, you pay $800 a month, let’s say, that increases 5% each year. The math may differ with you and your landlord, but you get the idea. Barring rent-control, this is inevitable. Simple enough.
As a Homeowner on a fixed rate loan at $1000 Principal and Interest per month, the payment never changes…Never…Not ever…
In other words, the renter’s monthly rent will eventually SURPASS the homeowner’s mortgage payment…Much faster then you might expect.

In this example, our Renter’s Monthly Payments will exceed our Homeowners Mortgage Payment, in about 6 years.

4. TAX RETURNS:

A renter usually does receive a tax benefit from the State and Federal tax boards each year, sometimes referred to as a “renter’s credit”. But the Homeowner receives a deduction on the Interest paid on their loan. This is a huge benefit to the homeowner.

Let’s use the same example with our $800 renter. At the end of the year, our renter might receive a $600 renter’s credit on their 1040EZ form when doing their taxes. Simple enough.
Our Homeowner, on the other hand, paid a total of $12,000 in mortgage payments, of which about $11,500 went towards INTEREST. This INTEREST is a write-off.
Let’s see…$600 versus $11,500. Hmmm. I like that math. That equates to a nice healthy tax return for most of us, come April of next year.

Take those thousands of dollars in tax return, and go on a nice Cruise around Jamaica!

5. WEALTH:

It’s arguably much, much harder for a renter to build wealth. There is no built-in mechanism for appreciation, whereas the homeowner has postured themselves wisely for the future.

Let’s say we have a renter that wants to get wealthy. Great! They must go find a business to run, or a stock to invest in, or come up with a great invention, or be the next rock star, or follow a family friends “tip”, and go do Cattle Futures from August to September (just an example, folks…I don’t know anything about cattle…). In any event, most people would be concerned that our renter is following the proverbial “pipe dream” towards wealth.
But let’s say we have a homeowner who wants to build wealth. Great! What do they need to do? Simple….Nothing…Pay the mortgage…Live in the house…Go work your job. That’s it. Real Estate appreciates in value, on average, over the long haul, like no other financial vehicle. It is a virtual certainty, and it is automatic. The homeowner controls the total value of the home. That’s the magic of leverage.
Let me drive the point home: Someone might buy a house at $150,000, let’s say, and over the course of 7 to 10 years, it is completely reasonable to suggest that this very same house could be worth around $600,000.

Renters do not have a built in advantage for building wealth, whereas Real Estate appreciates in value as a virtual certainty. They don’t call home-ownership the “American Dream” for nothing!

SUMMARY:

The subject of deciding on whether to Buy or Rent, is not simple. In the end, it boils down to a question of complexity. Being a Renter is simple. Being a Homeowner is more complex, and yet, that does not mean that it is not within your grasp. It IS!!! There are so many people that are just waiting in the wings, yearning to help you get there. Real Estate Agents, Mortgage Brokers, Friends, Family, etc.

With all of these resources around you, just about anyone can own a home, and in this great country, the American Dream of Home Ownership is completely within all of our grasps!

But do me a favor. Give yourself the time to examine these important questions first. Look within. As we all get older in life, we yearn for more. Buying versus Renting is a common theme in this journey. As we wave goodbye to the younger years, we say so long to the simplicity of life, and we say hello to the promise of prosperity, wealth, and a better tomorrow. We also say hello to higher, more complex things. Often times, it’s simply the willingness to accept complexity that will get you to the understanding you need.

Best of luck on your journey, from Renting to Owning your next Home!

We’ve enjoyed providing this information to you, and we wish you the best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense.

Tom Levine provides a solid, common sense approach to solving problems and answering questions relating to consumer loan products. His website seeks to provide free online resources for the consumer, including rate-watch, tips and articles, financial communication, news, and links to products and services. You can check out Tom's website here: http://loan-resources.org , or you can email Tom at info@loan-resources.org .

Disclaimer: Statements and opinions expressed in the articles, reviews and other materials herein are those of the authors. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.

Publisher’s Directions: This article may be freely distributed so long as the copyright, author’s information, disclaimer, and an active link (where possible) are included.

info@loan-resources.org

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