Monday, April 14, 2014
Many people have heard the phrase "you are what you eat" and have taken it to heart. What you put in your body becomes your body. The same can be said about your surroundings. Where you live is how you live. Put simply, people are a product of their environment, which is why most people living in larger cities, almost always have higher stress levels.
The effects of higher stress:.
Research has documented that high levels of stress definitely increase the risk of heart disease and strokes among other illnesses. In addition, increased stress is also counterproductive when it comes to getting things done, as high stress levels take away precious energy. Alternatively, living a life where stress levels are less, has been linked to lower blood pressure and a more general sense of well-being.
The conclusion is, that if you live in an area that has lower levels of stress, it can in turn lead to a better quality of life. So, for those who are looking for a change of pace, moving to an area where stress levels will decrease is always a good decision.
For example, those who live in areas such as Florida beach towns, will almost always enjoy lower stress levels. The sound of the ocean, the feeling of the sand between your toes and sunny days are life's natural mood enhancers and will in fact change the way you view the world and your life.
As a decision, moving to the beaches of Florida could be the best thing you've ever done for yourself. Consider that you maybe owe it to yourself and your family to seriously consider this as a life changing option. The beaches of Florida are some of the most beautiful in the world, and making your new home along the coast can be a wonderful way to decrease your stress levels.
Picture yourself sitting on a hammock, sipping a drink and looking out towards the ocean. The years of hard work, don't you owe yourself something?
Posted by Dennis Handa at 2:00 PM
Whether you’re often out of town for extended periods on business, are in the process of relocation, or like to travel to exotic destinations, you know that all the time you’re away, your home is sitting empty. That often means relying on family, friends and neighbors to take care of things like getting the mail, walking the dog, feeding the cat, minding the pool, and other regular daily chores.
Of course, these are impositions on your family and friends, and asking them time and again becomes uncomfortable and eventually places a strain on the relationship. The answer to the problem is to have someone housesit.
What is a House Sitter?
Typically, this is a student at a nearby university or college, a professional that’s only in the area for a limited period of time, or a retiree. These individuals generally charge $15 per day and prices can go up from there. A house sitter will watch over your property while you’re away on business, traveling for pleasure, or searching for a new place to live.
What are the Reasons for using a House Sitter?
There are several reasons for hiring a house sitter to stay in your home while you’re away. Here are some of the most compelling benefits:
● Fewer burdens on family, friends, and neighbors. As stated, if this is an ongoing need, it can be an awkward situation or one that becomes tiresome; after all, those people have personal and professional affairs to attend to as you do.
● Having a bit of added security. Thieves like to burglarize empty homes, even the ones with security systems. A home that’s occupied is one thieves are quick to pass up because it involves too much risk, no matter the potential reward.
● Decreasing professional services expenses. If you’re away, the grass still grows, the pool still needs to be treated, the pets still need care, and the home still needs to be cleaned. That runs up a heft price tag if you hire a landscaping service, a pool service, a pet groomer, and a cleaning service.
● Avoiding having to rent out your property on a short-term basis. Sure, this will bring some passive income, which is always nice. However, it will mean becoming a landlord, which is something most homeowners don’t want to do. It also means having to move your stuff out to allow the renter to move their stuff in, only to do it all over again when the lease expires.
● Giving you more selling leverage. If you’re relocating and the house is vacant, potential buyers will see that’s the case. An empty house to buyers means a more motivated seller, one who will take less than the asking price to be rid of the property.
Posted by Dennis Handa at 1:58 PM
When you purchase a home, it’s often the largest investment in your portfolio; and, it can be a costly one if there are problems with the home itself, the legal documentation, or even the settlement closing. Having a real estate attorney can be a sound investment, averaging between $500 and $2,000, depending on how the lawyer charges.
A real estate agent or broker is necessary to facilitate the search, a mortgage broker is necessary to obtain financing, so, it only makes sense to have a legal professional ensure that everything is in order when you buy a home.
Typical Services of a Real Estate Attorney
The purchase of real property involves an extensive amount of work. There are many entities to consider, from the property appraiser to the court, and many others in between, purchasing a home is a complex matter.
Generally, a real estate attorney will be helpful in more than one key area. Yes, protecting your legal rights is obviously one, but your financial welfare is another. For instance a real estate lawyer will be of indispensable assistance in memorializing the terms of the negotiation. A lawyer can not only negotiate for you and record the terms, but ensure the contract is legally compliant with state laws and the property is free from issues which might affect future use.
Title searches are another thing that an attorney can do well. Finding an addressing an encumbrances is key to taking possession of a home. Liens and judgments can wreak havoc when it comes time to close.
Transferring property is yet another area a lawyer will be well worth their cost. Structuring proper transfer is essential to the deal.
Filing the paperwork. Often times, documentation needs to be recorded at the state and county levels. A real estate attorney will be able to do this quickly and efficiently.
Benefits of Having a Real Estate Lawyer
Like with any financial/legal transaction, there are risks involved. For instance, having a “cloud” or defect on the title can do more than delay settlement, it can kill an otherwise viable sale.
The absence of necessary permits for prior improvements can also be a big hindrance. A lawyer will know how to deal with such situations and get them resolved to move the purchase forward.
Scrutinizing any adjustments which are appended to the property. These include things like outstanding utility costs, and owing taxes.
Last, but certainly not least, is making sure financing is in order, which includes negotiation terms and having them modified, if necessary.
The bottom line is this is too big an investment to risk to sabotage and a real estate attorney will work in your best interest.
Posted by Dennis Handa at 1:57 PM
Benefits of Hiring a Seasoned Real Estate Agent
Whether you are buying a home or selling a property, you want to get the best deal possible. In order to achieve that, you’ll need the right real estate agent for the job. Every agent and broker has their own strengths and weaknesses and serves different purposes. Some specialize in relocation; others are dedicated to a specific development, while others focus on specialized properties, such as waterfront homes or vacation rental properties.
Whatever the case, you want to maximize your return on your investment or get the best deal to save enough to personalize the space when you move in. To that end, you’ll want someone to help you through the process of buying or selling and a good agent can do just that.
Why using a Real Estate Agent is a Must
You’ve likely heard the phrase, “you don’t know what you don’t know”. Practically nowhere else is this more true because this is the largest purchase or sale you’ll make in your life. If you think it comes down to simply putting out a yard sign and taking out a newspaper ad or just finding a few properties in your price range online, you’ve got another think coming.
There’s far more to buying or selling a home than the obvious. Identifying homes you like and going to see them is just the first step. Determining an asking price is also the first step of many. It’s the process where most people get tripped up and sometimes, kill an otherwise viable deal.
Benefits of Hiring a Seasoned Real Estate Agent
Here are some of the most advantageous reasons to have a real estate agent working for you, whether you are buying or selling a home:
● Wide, easy access and more convenience. The truth is, if you’re buying or selling, doing it on your own can easily become a full time job (read: obsession). A real estate professional will shoulder more than the brunt of the work, lessening the stress involved for buyers and sellers.
● Negotiating based on facts, not emotion. It’s a fact that buyers and sellers let emotion take over during the process and only bad things can happen thereafter. Having a professional on your side avoids such predicaments.
● Handling purchase offers and sales contracts. These documents are complicated, there’s no arguing that fact. Since so much money is at stake, it’s best to have an experienced eye on these to avoid financial harm.
● Licensing is a precious commodity. If you’re buying directly from an owner, you might not be getting the whole truth. Agents and brokers are licensed and that is their career, which is to say their life.
● Saving money can be tricky. FSBO situations have misguided individuals on both sides of the deal. The seller thinks they’ll save money by not paying a commission and the buyer will try to use it as leverage to get a lower price.
Posted by Dennis Handa at 1:37 PM
Saturday, March 15, 2014
Home inspections are essential since they enable a buyer to discover the physical attributes of your home. In just about all instances, homes are sold in just top condition. Therefore, a buyer has to be informed regarding the anticipated expenses associated with maintaining the house post-closing.
Home inspection is a very sensitive and in some cases thorny issue that could potentially make or unmake a true estate deal. The way you handle the home inspection will ultimately have an impact on the level of real estate property deal that you will get and the state of the property a few months afterwards.
Home inspection is really a process necessarily conducted in the initial phase of your home buying transaction or pursuits. This is when you hire a professional home inspector to perform the required evaluation and assessment from the subject property. The principal role of your inspector is to render his professional and expert opinion around the real condition of your home back then the inspection was conducted. As an illustration, this technique will assist you to reduce the chance of getting a property which happens to be defective or is not going to past your own personal preferences and criteria. If he still considers to pursue the transaction or otherwise, it can be likewise worth noting that the process is not designed to eliminate those risks as it is approximately the home buyer, however.
Home inspection report
Although the home inspection report may give you more information relating to your home, it could never replicate the knowledge of partaking inside the inspection or interacting with the inspector. The face area-to-face interaction is effective since it enables you to seek advice that arise as you walk the house.
Develop your own "hit list" of critical issues that you need to resolve, as soon as you have the home inspection report. Rank things that you want to do according to importance and urgency. Make certain you begin work without delay. Time is of essence and further delay could make the disorder irreversible. This will likely translate to higher cost of repairs and replacement.
Home inspection company
The standard value of an inspection varies according to the area, size of the property, and services supplied by the home inspection company. Similar to most services, you will find a strong component of getting whatever you buy. Deciding on the lowest priced inspector can frequently lead to problems later on.
When picking a residence inspector, you're actually selecting a professional who may be qualified to give your property a top-notch-to-bottom checkup. Therefore, it is vital to complement someone that is knowledgeable, detail-oriented, reliable and professional. First, time buyers often make the mistake of choosing the most cost effective home inspection company. Unfortunately, such "inexpensive" inspectors often lack the resources and experience to thoroughly investigate your future home.
It is essential to ask the house inspection company in regards to thelicensing and credentials, and experience of the house inspectors that will be inspecting your house. This may not be a conclusion being taken lightly!
Posted by Dennis Handa at 8:48 AM
Friday, February 21, 2014
You may be able to take advantage of borrowing against a percentage of your available equity when you have outright ownership or the remaining amount that you owe on the loan is lower than the current value. Two options available will be known either as home equity lines or a home equity type of loan.
Lines of Credit for Home Equity Information
HELOC (Home Equity Lines of Credit) is credit that has been secured in your home that allows you access to a revolving type of credit line. This can be compared to the same system as a credit card. The difference would be you are borrowing money from the equity available from your home.
Typically you are allowed to draw cash from the HELOC up to 10 years accompanied be a repayment term of 15 years. Home equity lines are commonly used for consolidating high interest rate debt for other loans. Or you could use the credit to fund home improvements or renovations for the purpose of increasing the value potential on the property.
There is some basic information relating to home equity lines:
For you to qualify for lines of credit, you will have to have an available amount in equity. The money that you still owe on your home will need to be lower than the current value of your house. Your lender will look at aspects such as your monthly debts, income and employment history.
This is a system known as financial indicators that are used by the banks in order to determine rates for loan products. Many banks use Prime Rate from “The Wall Street Journal”.
This is an amount added onto the index in order to provide an interest rate on your lines of credit for home equity.
This is an amount that the lender will determine by using a calculation on your available home equity.
This is the amount of time you will be given on which to repay the credit line you have used. This period may vary from lender to lender; typically the period will be no more than 10 years.
Any amount of cash that you borrow from your credit lines will be charged with interest. Home equity lines will have a variation in interest rates and the interest rate can change from one month to another. It is important to know that your lender is allowed to change you credit lines by decreasing the amount on funds available at their discretion.
When using home equity lines in order to pay off or consolidate your other debts. It is advisable not to start up new debt on these accounts or open new accounts. This can relate to a difficulty in paying off all your accumulated debts which may include your credit from your home equity line. This may result in the risk of losing your home as well as negative effects to your existing credit ratings.
Posted by Dennis Handa at 1:30 PM
The Florida Keys, a tropical island paradise where the only ice you’ll find is in the refrigerator. With its warm climate and relaxed, come as you are attitude that permeates the archipelago, it’s little wonder why so many Canadians choose to vacation here for a week to six months at a time.
An ideal getaway, the Florida Keys are rich in tropical breezes, and boast some of the most spectacular sunrises and sunsets on the planet. It’s a popular location for visitors from Canada because the outdoors are pleasant nearly every day of the year.
Just a few trips to the Keys gets many Canadians thinking about relocating permanently, living in Florida year round is certainly preferable to those long, cold northern winters.
To make moving to the Keys a reality, there are a few things, which need be done first. Here’s a look into the relocation process and living in the Florida Keys.
Passports, Green Cards, and Naturalization
Your Canadian passport allows you to stay in the United States for up to six months at a time, however, it’s not a permanent eligibility vehicle. To stay in the U.S. full time, you’ll need to get a green card, which can be done if you’ve got a job with a firm in the States or an immediate family member living in the U.S.
Some choose to become citizens, and that means going through a process called naturalization. Live in the Keys for five consecutive years after obtaining your green card, and you’ll officially be a U.S. citizen.
Collapsing your RRSP might be the smart thing to do after permanently relocating to the Florida Keys. This is where a lawyer will come in handy. Discuss the pros and cons of collapsing your RRSP. Generally, collapsing your RRSP after moving to the Sunshine State will have a significant tax advantage than doing so before you move.
There is a possibility you’ll be subject to the Canadian departure tax, which an experienced lawyer can advise you about. Have a cross border financial plan worked up for you to determine if you’ll be subject to the departure tax and when it’s most advantageous to pay it.
Moving to the Keys
It’s going to require more than just a plane ticket, unless of course, you leave all your belongings behind in the Great White North. This is a good time to get in touch with a local real estate agent who's experienced in relocation moves.
In addition, you’ll need a professional moving company, so its best to get some recommendations, then check those companies out with the Better Business Bureau. Read the contract carefully, and don’t settle for vague estimates.
Posted by Dennis Handa at 1:28 PM
There are lots of customers for home security these days. Anyone could be a victim of burglary. For burglars, low security homes are easy targets. If you want to avoid being targeted by vandals, be sure and ready the article below for some important information with regards to home security. Be sure that your home always appears occupied. Buy timers so that lights, radios, TVs and all other electronics turn on and off at various times. This way it will always look as if someone is home, even when you are away. This is great for keeping a home safer from burglaries. You should only provide a house cleaner your key if you completely trust them. If you do give your housekeeper a key or plan on doing so, it is imperative that they are honest and upstanding. Check their references fully. If you're hiring from a company, call the BBB for more information. Buy a safe to keep all of your valuables in one place at home. Doing so can protect your valuables in the event of a robbery. Your safe should be placed somewhere it is not readily noticeable. Compare various home security systems when shopping. Prices can differ a lot among companies for the same type of protection. Before choosing which company to go with, ask for quotes from a minimum of three companies. Before selecting a security firm, ask for recommendations. Your friends have gone through both bad and good experiences and they will be able to share them with you. Ask around to get lots of advice for making a better choice. Determine what sort of home protection services or programs the local police department has to offer. Your local police department will help you with preventive measures, inspect your home and show you how to mark your valuables so they can easily be found. These programs can make a big difference to the security of your home, and they may just be a phone call away. Store your car in the garage if you have it. Keeping the car in the garage can keep thieves from vandalizing or stealing it. If you keep your car in the garage instead of in the driveway, it is harder for thieves to know whether you are at home or not. You need to have your security system checked once a year. Have a worker from the security company take a look at it. Mother nature can sneak in and cause many problems. It's quite possible for there to be a fault in your system even if you can't see it. Walls can serve as a handy hiding place. Small valuables fit nicely inside walls. Target any unused phone jacks or electrical outlets for an easy hiding spot. You can easily install fake unused plates. Home security is the only way to keep your family safe. You never know when a criminal might strike. Create the most effective home security plan by following the tips presented here. Don't wait for something to happen. Act now before tragedy strikes.
Posted by Dennis Handa at 1:19 PM
Foreclosed homes can be great bargains, because the prior owner purchased the home at a significantly higher price and was unable to take care of the payments, so you have the ability to own exactly the same home for the much lower price. But so how exactly does your mortgage credit rating element in? Foreclosed homes used to be auctioned off for generally below fifty percent of their fair market price. However, the popularity of the way of home buying has resulted in greater attendance at foreclosure auctions and, more bidders means more competition, which results in higher sales prices. Still, foreclosures are going for easily at least ten to twenty percent off of the market value of comparable properties leading them to be a substantial investment. Buying foreclosed homes When purchasing foreclosed homes, expect that many of them would require major changes and you may have to repair some parts or perhaps renovate the entire property. So, you need to ensure that the property are at least liveable and cozy before closing an agreement, being a buyer. This can be accomplished by conducting home inspections. Determine how much money is essential for your purchase. Buying foreclosed homes can be quite a potential bargain. You must determine the amount of money you are going to need in order to buy one of many potential homes. The opportunity bargain is the opening bid it is usually depending on the total amount of money owed for the lender. There is your bid amount this is actually the amount you should and will bid. In buying these homes, it's safer to eliminate those potential homes you can't afford. Make sure to inspect the homes for damages. After you have your vision on certain homes, it's preferable to inspect each one personally. You don't want to spend a lot of money on damaged windows and huge plumbing problems. If possible, make an estimate to the repairs and renovations needed. In buying foreclosed homes, it is better to allot up to 15% of your budget to such repairs and renovations. After inspection, all that you have left to complete is usually to participate in a foreclosed property auction. Bid smartly. On or prior to the day of the auction,verify that this auction will probably be going on, occasionally it might be canceled or postponed. Just be certain to become informed of your new auction date should it be postponed. In buying foreclosed homes, arrive early at the positioning of the auction. Be sure you keep calm since it could be intimidating, particularly if are still new at this. It is essential to keep in mind when bidding would be to never permit the other participants know what you can bid.
Posted by Dennis Handa at 1:16 PM
Real-estate investing is not really for anyone. There are a few drawbacks like coping with tenants needs, repairs, & possible vacancies. Choosing the right team to help you is of the very most importance. A Realtor with investment experience might help in picking properties or help manage rentals. A home financing lender can suggest the best method of financing and qualify you for that appropriate purchase price. A cpa can plan your taxes to be able to take advantages of the very most deductions and pay less in tax each and every year. Real estate attorneys behave as an insurance plan & protecting your interests from losses. Selecting the correct advisers will set you up for success. Property investing is not really nearly as legally complicated, financially burdensome, or time consuming as you might think. In reality, it is easy to add raw land, shopping malls, apartment complexes, and private homes to your portfolio without Attorneys, Bankers and Brokers along with a Rolodex full of maintenance professionals' contact numbers. Better still, it is possible to blend your Real-estate investments into the security portfolio for ease of management, income monitoring, diversification analysis, etc. With out mega millions to use, or perhaps a credit line that goes around the block, you might have positions in a variety of kinds of Real-estate Commercial and Industrial, Residential) as well, and focus either on Growth Opportunities, Income Production, or a mixture of the 2. Rental property When you are thinking multi-family real estate property investing, you might be usually likely to have to make a bigger investment than you might to get a single-family home. Additionally, you will have to be entitled to a home loan to get a rental property, which might involve a different approval process than qualifying to purchase your own house. For example, obtaining a home loan on an investment property which is a multi-family unit may involve showing the way the property itself will generate income by doing projections of your own expected expenses and income. In relation to deciding on the best vehicle for real estate investing there are several paths it is possible to take including becoming a rehabinvestor and wholesaler, or rental property investor, from that point you might have a lot of sub-categories that will get a good deal deeper into investment strategies. Private money Using private money loans will be the single best way to fund the development associated with a real-estate investing business. The main advantages of using private money can not be matched by any other type of creative financing. The best reason that using private cash is this kind of advantage to property investors is because it streamlines your property shopping process, allowing more transactions to be completed faster, contributing to increased profits. Having the capacity to give a fast closing with cash offered by private lenders will motivate sellers to adopt your offer within the competition. This will also entice these to go on a much lower price compared to what they would from the conventional buyer. Also, since real estate property investors find and purchase properties to date below market price, these private loans usually cover 100% of your purchase price in addition to some or all of the renovation costs. Furthermore, without advance payment, and several times no monthly payment about the loan, it's easy to see why this strategy is the main method for financing property investment deals. Since using private funds are this sort of help to real estate investors, they are able to offer lenders high interest rates.
Posted by Dennis Handa at 1:14 PM
Tuesday, January 07, 2014
Single family or condo or townhome? In a condo or townhome community, you won't have to take care of the landscaping and your neighbors will have to abide by the association's rules.
Pros and Cons
Many people think that paying a monthly homeowner's association fee is just too much. If you purchase a single family home, big ticket items will eventually have to be replaced.
There are advantages and disadvantages to both types of housing, lifestyle and cost can help determine whether a single-family house or a condo is a more suitable dwelling for your needs.
Conversely, as mentioned, you won't be able to really personalize a condo or a townhouse. Sure, you can do what you like with the interior (for the most part), but you won't be able to change the exterior.
Now we get down to the key factors. Here are some things you ought to give thought to before making your final decision between a single family home or a condo:.
Close proximity. Okay, so in some developments, single family homes are built close together, but they're not attached. Noise might be a factor, so be sure to find out in advance.
Privacy concerns. This goes with proximity. In a townhome or a condo, your neighbors won't be far away.
Single family homes actually have more privacy issues because you can't see through a condo's walls.= but you can peer into windows on every side of a house.
Maintenance and upkeep. Here again, paying an HOA fee is akin to paying for landscaping, pool maintenance, pest control, and all the other stuff that goes with owning a single family home. If you're the DIY type, a condo probably isn't a good fit.
Price and location. Sure, you might want to live downtown or near the beach, but single family homes in or near these areas are usually pricey. A condo or townhome might be a better fit for your budget.
In addition, think about resale. No matter which you choose, you might move again and you'll want some return on your investment.
Posted by Dennis Handa at 12:38 PM
Where you live is just how you live. Put merely, people are an item of their setting, which is why most individuals living in bigger cities, nearly constantly have higher tension degrees.
The results of higher stress:.
Study has documented that higher degrees of anxiety most definitely boost the danger of heart disease and movements to name a few health problems. Furthermore, boosted stress is likewise disadvantageous when it concerns getting points done, as higher anxiety levels eliminate valuable power. Conversely, living a life where stress degrees are much less, has actually been associateded with reduce blood stress and a much more basic feeling of health.
The verdict is, that if you stay in a location that has lower levels of stress, it could consequently lead to a much better top quality of life. So, for those who are seeking a change of rate, transferring to a location where tension degrees will lower is always a great choice.
As an example, those that live in areas such as Florida coastline towns, will certainly practically always take pleasure in reduced tension levels. The sound of the ocean, the feeling of the sand in between your toes and warm days are life's natural mood enhancements and will as a matter of fact transform the way you see the world and your life.
As a choice, relocating to the coastlines of Florida might be the most effective point you've ever before provided for on your own. Take into consideration that you perhaps owe it to on your own and your family members to seriously consider this as a life changing choice. The beaches of Florida are a few of the most beautiful on the planet, and making your new house along the shore can be a wonderful means to lower your tension degrees.
Picture yourself resting on a hammock, sipping a drink and looking out to the ocean. The years of challenging work, do not you owe yorself something?
Posted by Dennis Handa at 12:36 PM
When buying any sort of home, it's always a sound idea to consider the future. Whether it will be your main house or an investment home you'll rent, you'll probably market it eventually. You wish to put your cash into a true financial investment, not simply a location to live or rent for a while.
The point about realty is that it's concrete and, genuine. It's not only land, but a renovation on that land, which is one of the standard human needs. To get the most from a property purchase, it should be in a preferable area and there's no better area compared to the Florida Keys
Why the Florida Keys
There are numerous spots in the country that have high end neighborhoods, yet just a portion are in a geographic place that has a climate so inviting as the Keys. Throughout the winter months, temperature levels reach into the sixties and seventies via the day, with overnight lows falling simply a couple of levels.
That alone is among the ideal needs to buy waterside property in the Keys, yet there are lots of others. One such factor is land accessibility-- actual property is a prime asset in the Keys since there's so little come down on which to build.
Financial investment Advantages of Buying Waterfront Property in the Keys.
Costs real estate is a large advantage, yet there are several others next to the incredible place and the fact the Keys are in high demand. Right here are some additional advantages of acquiring beachfront properties in the Florida Keys:.
Constantly sought after, regardless of the season. When it pertains to purchasing an investment home, experts suggest the owner be gotten ready for no rental income for 3 to 6 months every year. That's not an issue when the financial investment residential property is in such a location as the Keys.
Being able to supplement your earnings. Expounding on the previous point, having a financial investment property in the Keys implies it's visiting be occupied all year. That implies a great extra earnings for the owner.
Large time gratitude. Because waterfront residential property is better compared to landlocked genuine estate, it cherishes in value more over the years. Being in the Keys means intensifying that gratitude considerably.
Tax perks. There are certain write-offs which are available to financial investment homeowner. On top of that, there are other perks, if you determine to market and utilize the earnings to purchase one more home.
Leverage. When you possess beachfront residential property in the Keys, you possess something extremely attractive to loan providers when you visit purchase one more financial investment property. It's a great bit of take advantage of to have on your side to acquire much better funding for future acquisitions.
Posted by Dennis Handa at 12:34 PM
Wednesday, December 11, 2013
Key West is both a place and a state of mind. It lies about as far away as you can go in this USA, almost part of the tropics, some four hours and 150 miles south and west of Miami. You cross a lot of bridges and spectacular blue and green water to get there, and when you get there you’re only 90 miles from Cuba. Cruise ships consider a stop at Key West part of their Caribbean itineraries!
It’s not a big place, and it is a place where real people live. It has a year-round population of just over 26,000 and a median resident age of 39 years. Key West also includes the neighboring communities of Stock Island, where a lot of the remaining commercial fishing is based, and which used to be where Key West’s supplies were “stocked” in the 19th and early 20th centuries, and Key Haven, with wide canals and lots of pleasure boats.
Key West has been described in about a zillion travel guides and Web sites and the name used in countless movies as the place people want to finally get away to. Having lived in Cudjoe Key (23 miles away) and selling real Estate in Key West, I have a good feel for the place.
The best way to describe Key West, is a vacation place. Meaning whenever you’re there, the ambience and atmosphere catches you up in it and you could well be somewhere in the Bahamas or the Caribbean.
Key West is also a state of mind. You can watch sunsets from Mallory Square on the harbor, or from the bars and restaurants on the boat basins. You can shop or whatever on famous Duval Street. Since nobody knows how to throw a party like Key West does, you can join in at Fantasy Fest (think Mardi Gras) at the end of October, and see for yourself. This is, after all, Jimmy Buffett’s Margaritaville. Whatever you imagine about Key West is probably true.
Or you can enjoy the reality of Key West’s other state of mind too – its wonderful diversity, history, and creativity. Lots of writers, artists, artisans, and musicians have always called this state of mind/special place home, from Hemingway to the present day.
There are also plenty of areas in Key West where the locals go besides Duval Street and the sunset bars. In fact when you get off of Duval, you will find restaurants, art galleries, grocery stores and antique shops in the neighborhoods, and tree-lined little streets with lots of tropical foliage where people live.
So although you’re in one of the most popular tourist destinations in the world, the neighborhoods here are quiet, lined with historical architecture and have a very comfy feel. And the historic district is very compact. You can walk everywhere.
These areas outside of Duval, in my opinion with the exception of the Atlantic side of Duval are where the good restaurants are. Places like Louie’s Backyard, Blue Heaven, and Michaels to name a few are popular with the locals and the tourists who have visited here many times and have found them. My neighbor on Cudjoe Key, a longtime Florida and Keys resident, says to add Café Sole, Mangia Mangia, and Antonia’s to that list. (Café Sole is right across a quiet little street from what just might be the best Haitian art gallery in America.) Well, truth is, everybody’s got their favorites when it comes to restaurants and the hidden gems you can find here. Part of the fun is walking around and discovering them.
Key West has all kinds of options when it comes to playing outside: diving and fishing, sailing, lying on the beach, biking and visiting historical sites. And you can go for boatrides on the harbor, ranging from sunset sailing schooners to fast speedboats that spin in circles.
Boats and rides tend leave from the harbor area or the boat basin(s), but there’s a number of other options too.
Key West international airport offers flights to Florida cities like Miami, Ft Lauderdale and Orlando. From there you can fly anywhere in the world.
There is a “flying boat” ferry connecting to Ft Myers (takes a few hours), and of course Cruise ships stop here as a layover point or destination. There is no train from or to points north.
The balance of travel back to mainland Florida is by automobile or bus on US1, known as the Overseas Highway.
You haven’t lived until you’ve experienced rush hour in Key West – some people swear there is no such thing. Not much, anyway.
Finally, within Key West there is little need for anything more than your own two feet. But you can drive, and there’s decent parking on the periphery of downtown. There are also some buses, and taxis, of both the four-wheeled and two-legged variety! Every once in a while somebody comes up with the idea of using boat taxis to get from Point A to Point B, but this isn’t reliable.
Homes in Key west are expensive – less expensive in Stock Island and very expensive in Key Haven. As of Sept 2005, homes in Key West started at $385,000 but much higher prices are commonplace. Some of the tiny historic-type homes carry price tags that surprise people, but then you have to remember that it’s a small island in high demand, and there’s not a lot of inventory.
There’s much more inventory when it comes to condominiums, but even condos are getting very pricy. Timeshares, allowing week-at-a-time purchases, have become more common too.
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In conclusion, several visits to the Keys and in particular Key West made me sell my business in Oregon and move to the Keys. It is an adventure and personally, I made a decision that I wanted to be one of the people who went on vacation and didn’t leave. For more info about Key West Contact Sean Farrer at http://key-west-real-estate.net
Posted by Dennis Handa at 4:36 PM