The Real Estate Blog

What is Real Estate?

Real estate refers to property consisting of a building and land together, including the natural resources of the land. The natural  resources included range from fauna and flora, livestock, farmed crops, minerals and water. Real estate can be categories into three groups depending on how it is used, these being industrial, residential and commercial real estate properties. Some of the
examples of residential real estate include houses, undeveloped land, town homes and condominiums. Example of commercial real estate include warehouses, office buildings and retail store buildings. Industrial real estate properties are most commonly farms, mines and factories.

Personal real estate property

Personal property includes properties such as bonds, stocks and other forms of investments. They might also include beds, computers, clothes, appliances and any other tangible possessions.

Real estate and real property

Real estate refers to simply the land and any other improvement that has been done on it. Lease holders and renters have the right to inhabit land or buildings that are viewed as part of their personal estate, but are not considered real estate.


Home ownership, also referred to as owner occupancy, is the most popular form of real estate investment. It is estimated that a third of people in the United Kingdom own their homes. People who are in the market to purchase a home to live in often require to borrow money in term of mortgage because the prices of homes are usually above the savings that many people have to buy a home. People looking for a mortgage to invest in real estate in the form of a home have wide range of options. The mortgage might be fixed or variable rate. Fixed rate mortgages have higher interest rates compared to variable rate mortgages, which make them more predictable but more costly.

Commercial real estate

Leasing or purchasing real estate for commercial use is different from purchasing a home or purchasing residential real estate as a
form of investment. Commercial leases are longer compared to residential leases and the profit you get on commercial real estate
is highly determined per square foot. This is unlike properties that are intended for private residences.

Investment real estate 

Unlike other forms of investments, real estate is highly influenced by the condition of the surrounding area where it is located. Apart from the inevitable impact of global or national recession, real estate values are influenced by local factors such as crime rates, job availability, property taxes and sometimes other external factors. Purchasing real estate usually leads to profits or
losses through two ways. You might get income from rent, or appreciation of the real estate value. Rental income is generated
from money that comes from land that is already developed into commercial or residential real estate. Appreciation might result from either development of raw land or from the appreciation of the area around your land.

The difference between commercial and residential real estate investment is that residential real estate is cheaper and smaller compared to commercial real estate. It is also more affordable for small investors than the commercial real estate

Using Estate Agents to Buy and Sell Property

Top Benefits of using Estate Agents to Buy and Sell Properties

When you want to buy or sell properties you have the option to go through the entire process by yourself or work with real estate agents. One important thing that is worth considering is that the process of buying or selling properties is not as easy as you might think. It is a process that can take time and involves some complex issues that you might not be able to handle alone. This is why it is near enough essential to work with estate agents so that they can make the process easier for you. Below are some of the major benefits of using estate agents to buy and sell properties.

High standard of real estate knowledge

One of the major benefits of using real estate agents is that they have a lot of knowledge on how the process of buying and selling properties is handled. Most of them have great experience and training in this field, so you can be guaranteed that you will sell or buy the property within a very short time. They know all the requirements needed before you can list a property for sale, and those needed in order to buy a property. They will assist you with completed all the documents needed and ensure that you do not make a mistake that might end up being costly for you.

Great negotiation skills

For you to have a successful process of buying or selling properties, great negotiation skills are required. You must have the ability to convince potential buyers why they need to buy your property at a high price. Since you might not have these skills, it is good to hire real estate agents who have the ability to apply the right negotiation skills and get the best deal when selling or buying properties. Good negotiation skills will help the entire process go faster and end up being more beneficial for all parties involved in most cases. The agents will be able to talk with other professionals involved such as lawyers and planners if necessary to ensure you have a smooth process.

Save your time

Another major reason why you should use real estate agents is that you end up saving a lot of time. The process of selling or buying properties can be very time consuming. It would take you a long time before finding a property that meets your specify needs without the expertise of a professional to guide you. However, someone who knows where to find all the best properties listed for sale and the pertinent information about each one could add a lot to your search. You will most likely get the property you need much faster with the help of an agent. On the other hand, if you are selling a property, the estate agents will help find for you potential buyers who are willing to buy it at a high price fast. This saves you the hassle of moving from one place to the other as you look for a property to buy or potential buyers to buy your property.

Bottom line

To get the above benefits you must hire highly qualified, experienced and reputable real estate agents. Get referrals, search online, do a local search and take your time in the search process, so that you do not make a costly mistake.

Property Staging

Great Property Staging Ideas

If you are planning to sell one of your properties, you must ensure that you put the right strategies in place to ensure that it fetches a high price. You must ensure that the property is presented in a professional but attractive manner, so that potential buyers get drawn to it and are willing to pay higher amount for it than they would for a basic, empty property. Sometimes it might not be easy to stage your property well, especially if this is the first time that you are selling a property. Property staging is a process that requires you to have knowledge and skills, but if you do the staging in the right way you will be able to attain the goal of selling your property quickly and for a higher value. Here are some ideas on how you should undertake property staging to boost your property’s market value.

Eliminate all the clutter and dirt as you stage the property

You cannot succeed in selling your property if it has a lot of dirt and clutter around. Mess will instantly put off all almost all potential buyers who come to view your property. Therefore, it is important to ensure that your bathroom and kitchen counters and doors are clean. Make sure that your carpet is professionally cleaned and get rid of any odor that might be coming from your property. In case a potential property buyer recognises even a slight odor, this might work against your property. If something interferes with the viewer’s ability to imagine the property exactly as they want to use it, this is something you need to resolve.

Let the light in

When you are selling your property, you must ensure that there is enough light that will make it possible for potential buyers to see everything inside the property (and outside if it helps!). Make sure that you place your furniture away from the window, so that you can show off your windows and any garden or outside space in an effective manner with as much natural light as possible. Heavy draperies and area rugs should be removed and stored. You should never be afraid to show off your ceramic tiles or hardwood floors.

Less is more in home staging

It is worthy noting that having a lot of items in your property will just make it look small a lot of the time. This is why it is good to get rid of extra tables and chairs that are used rarely. A great rule to follow is to ensure that there are no more than three items on any of your surfaces, to try to make your room look larger. If something does not serve a function, whether practical or visual, there’s a good chance it shouldn’t be on display.

Make the entire property appealing

All the windows should be sparkling and clean to make your house even more elegant. Make sure that your shrubs are trimmed and flowerbeds weeded. It is also advisable to have seasonal flowers at the front door to enhance the appeal. Consider replacement door handles throughout your home, especially the front door which you can even paint if required. Make a point of purchasing a quality front door mat to make your property even more inviting.

Clean the cupboards and hidden areas

Having a clean finish everywhere, including those areas that are tucked away, is more important than you might think. If you have walk-in wardrobes or storage rooms, remove all the unsightly boxes or out of season clothing so they can appear more spacious.

Finding a Mortgage

5 Top Tips for Finding a Mortgage

If you are planning to buy a property you might consider taking out a mortgage to finance the project. Just like when you are looking for any other financial assistance, you need to do some thorough market research in order to find the best mortgage. This article offers some few great tips on finding one that’s appropriate.

Take your time to shop around

One of the best ways to ensure that you get the best deal when looking for a mortgage is to ensure that you do some thorough shopping around to get the best lender. Do not fall into the temptation of choosing the first lender you come across as you try to save on time. It is good to note that different lenders provide different standards and comfort levels when it comes to the risk involved. You need to move around and find out the terms and rates provided by different lenders. To get the best result, it is good to compare between three to five lenders. By doing this, you will be able to make a more informed choice.

Determine the length of the mortgage

The duration of your mortgage has a great impact on the amount you will be paying per month. This is why it is important for you to make a realistic assessment of your unique situation and use this to make a great decision on the length of your mortgage. Generally, the shorter the length of your mortgage, the lower the rates you will pay per month. This means that if you will be living in a house for just a few years, it is advisable to take a mortgage with a lower term length, so that you end up paying less.

Have your financial records updated

In order to secure the lowest rate for your mortgage, you must ensure that you have good financial history. Just like when you are taking any other type of a loan, you must ensure that you have a good credit score to boost the chances of getting the amount of loan you require. In addition, you should also have a stable income and prove this by having your financial records updated. With a good credit score and stable income, your potential mortgage provider will develop trust in you, so you can get the amount you need at a lower rate. Make sure that you have a low debt to income ratio, and if this is a problem don’t be surprised when mortage lenders are wary of giving you the best deals.

Lock your rate

In case you find a low rate, but you’re still doing your shopping around, you should not hesitate to lock in that rate for the time being. This gives you an opportunity to maintain that rate in case you do not get another lender with lower rate. Most of the lenders will give you an opportunity to do this for one month at a maximum.

Get professional advice

To get the best results from your mortgage, it is good to learn some financial skills from experts to ensure that you do not mismanage your mortgage. The experts will also assist you get the best lender and guide you on the amount you should take according to your situation.