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Buy Homes For Sale In Vail – Keeping Your Credit History Clean Improves Chances Of Home Ownership

By Andrew John Cocks | Land Homes For Sale

Buy Homes For Sale In Vail – Keeping Your Credit History Clean Improves Chances Of Home Ownership

Article by Gateway Land and Development Co

A major part of growing up is having your own home, but that is not always possible for some people. The dream becomes faded when it comes time to secure a loan and pay for it. To determine if you are able to apply for a loan is based on your credit score; will it be good enough to buy a Vail homes for sale.

Your credit score also called FICO is a number given to someone based on the history of their credit such as the loans taken out, if they are paid off or not and any inquiries by another party about your report. Many things you want to purchase such as a home loan will depend on your credit score showing the importance of it. There are currently three major credit companies operating in the United States; Transunion, Equifax and Experian and they serve as monitoring and reporting agencies for everyone’s credit. Your credit score and financial history is reviewed by lenders.

When the home lender reviews your application they will pull your credit report from each agency and it’s probably that each will have a different score for your credit. They will use the median (middle score) of the three and use that for the review process. If one score is relatively high, don’t bother asking the lender to take that score instead when deciding your loan. At best one really high credit score will only skew the results in your favor.

Usually the scores range from 340 to 800 for the majority of the people. To be able to get a loan for Vail homes for sale, your score needs to in the range of 700. This isn’t very hard to achieve, as a matter of fact the majority of the credit scores are between 700 and 800. Before starting a home loan application, it is advised to pay to see your credit score, this way you will know whether you have a good chance or if you need to fix your credit.

If you do find that your credit score is less than 700 there are ways to improve your score and you can even apply for different loans that don’t require as high of a credit score. Work on paying off old debts and even opening small credit accounts from companies that report to the credit agencies and keeping those in good standing, to improve your scores. If your score is below 700 consider a non-traditional loan for a home, first time home buyer, or HUD loan; these loans help those with poor credit or low income. This is ideal for those with a poor credit score.

If possible, to be able to buy Vail homes for sale your score needs to be around 700. It is often thought by lenders that the higher the score the better the risk financially and although this thought is true at times, other times it is wrong. If you are confident you can able to take on a mortgage but your credit score is holding you back, look into another type of home loan.

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A Global Guide To Property Ownership Rules And Restrictions

By Andrew John Cocks | Ontario Waterfront Property

A Global Guide To Property Ownership Rules And Restrictions

Article by Leigh Fergus

Thinking about acquiring a second home abroad? Worried about the stories you’ve heard? The ones where, having written the last check to the real estate agent, local officials knock on your new door to inform you that you don’t actually own your bijou residence on the beach…you were misinformed and you need to move out right now. Don’t panic–help is at hand.

Buying a second home in a foreign country can be difficult, but here at International Living we’ve done the groundwork for you already, and have sifted out the pitfalls and pluses of a variety of places where you might like to have a holiday or retirement home.

Read on for our country-by-country guide to property ownership restrictions, and find out what holds for whom, and where… And, before you seriously consider buying property anywhere overseas, be sure to seek advice from a reputable in-country attorney, who can advise you on your purchasing or leasing options.


This market is open to all; there are no restrictions on foreign ownership of property in Argentina. Foreigners have the same rights in this respect as nationals, except for Argentine land near a foreign border. In this scenario, some additional paperwork is required, which may take a little longer.


Australian citizens and permanent residents can acquire any type of property. Foreigners not living in Australia, and corporations, can acquire up to 50% of residential developments, and are permitted to buy new property or land for building as long as construction starts within 12 months of purchase. Older properties can be purchased on condition that at least an extra 50% of the purchase price is spent on renovation, further construction or other improvements on the property. In all cases, however, foreign nationals need to obtain approval from the Foreign Investment Review Board. This application should take roughly 40 days.


Buying property in the Bahamas is relatively easy, but you should be aware of certain requirements. Non-Bahamians must register any purchase with the Foreign Investments Board, and special permits are required, if the property is land of over 5 acres in size, if the property is to be used for rentals–even partially–or if it is to be developed commercially. Foreigners should also register any property investment with the Exchange Control at the Central Bank of the Bahamas if they wish to sell and take the proceeds out of the country in the original currency of the transaction.


Government approval from the Ministry of Natural Resources is needed for any property purchase by non-locals, but there are few restrictions. Some coastal areas and cayes are restricted and require municipal approval for freehold sale. As this real estate market is totally unregulated, make sure you get as much help and advice as possible from specialists with experience of property deals in this country.


Non-Brazilians can buy almost any property in Brazil, enjoying similar rights to nationals of this country. There are only restrictions for foreign ownership of property situated in or near areas of national security, near the coast, and near borders with other countries.


There are no restrictions for foreigners wishing to buy buildings in Bulgaria, but land is restricted to Bulgarian nationals only. This can be legally circumvented by setting up a Bulgarian company and buying the land through the company. When Bulgaria joins the E.U. (it’s hoping to join in 2007), this restriction is expected to be lifted.


There are few restrictions on foreign ownership of property in Canada, apart from land belonging to the British crown. Some of this land may come up for sale, but will not be freehold. The restrictions tend to be at provincial or territorial level; on Prince Edward Island, for instance, non-residents need permission to buy more than 5 acres of property, and, in Saskatchewan, the acquisition of property of over 10 acres is not permitted. Nova Scotia, Newfoundland, and New Brunswick, the other east coast provinces, as well as the provinces of Quebec, Ontario, and British Columbia do not have restrictions on foreign ownership.


Non-Croatians can purchase real estate in this country if they have approval from the Ministry of Foreign Affairs. The approval is issued if Croatian nationals can purchase real estate in the country of the purchaser. This approval can take up to 12 months, but can be reduced if the property is bought via a domestic company, which can be entirely owned and controlled by a foreigner.

Czech Republic

Real estate may only be acquired by E.U. citizens with a Czech spouse or those who are permanent residents in the Czech Republic. An officially registered legal entity can also buy real estate. These restrictions are expected to be lifted in 2009, when the Republic’s first five years’ membership of the E.U. is up.


Foreigners wishing to purchase real estate in Ecuador need permission (usually granted) to acquire land within 30 miles of the coast or a border. Certain land considered an area of national security by the government cannot be bought.


Surprisingly for one of the most bureaucratic countries in Europe, there are no restrictions on who can acquire real estate in France, and you will be treated the same as French citizens when buying property.


There are some restrictions on owning real estate in Honduras. As an individual foreigner, you are allowed to buy property not exceeding three quarters of an acre. Coastal land, and land within 25 miles of international borders, is restricted, but a purchase may be permitted if you obtain approval from the Tourism Institute and start construction within 36 months.


As in France, there are no restrictions on who can buy property in Italy.


Technically, as a foreigner, you are not allowed to buy real estate within 62 miles of an international border or 31 miles of the coast, but these restrictions can be sidestepped legally, either by buying via a Mexican land trust (fideicomiso) or via a Mexican corporation. Another issue to be aware of is that ejido land (land granted by the government to Mexico’s indigenous people) cannot be owned by foreigners, and therefore any transaction involving this is fraught with risk and best avoided.

New Zealand

There are a few restrictions for foreigners wishing to buy property in New Zealand, but they are not too limiting. These restrictions cover non-New Zealanders wanting to acquire more than 12 acres, land of more than 1 acre adjoining or containing “sensitive” land (including reserves, specified islands and historic or heritage land and lakes), and land of over half an acre on or adjoining the oceanfront. In these situations, the buyer must obtain approval from the Overseas Investment Commission, and, for applications concerning “sensitive land,” from a Minister. The paperwork process is swift and can usually be completed within one month.


You have the same rights as Nicaraguans regarding property ownership, the only areas to be wary of being in the autonomous regions, Regiones Autonomistas, where the government needs to consult the indigenous people.


There are few limitations on what non-Panamanians can buy in terms of real estate. Property within six miles of international borders is out of bounds, and there are restrictions on some island and waterfront property unless it is situated in one of the Tourism Zones. Beachfront properties must provide a right of way. Building over the water also requires a permit with a special concession from the maritime authorities and the Ministry of Finance, with the exception of Isla Contadora in the Pearl Islands.


Foreigners, and companies where foreigners have controlling interest, are free to buy urban plots of up to 1 acre, or rural land of 2.5 acres, but agreement must be obtained from the Polish Ministry of the Interior. This can be waived, however, if you have a permanent resident’s permit and have been living in Poland for five years, or if you have a Polish spouse and have been living in Poland for two years. Permission is generally easily granted.


The acquisition of apartments and buildings is unrestricted for foreigners, but land is not allowed to pass to non-Romanians unless it is via a Romanian company (even 100% foreign-controlled). Some land, such as forest land, reserves and coastline, cannot be bought by anyone, regardless of nationality.


As in France and Italy, there are no restrictions on property ownership for foreigners, with the exception of military land and land near international borders.

Sri Lanka

Foreigners are permitted to own land, but there is now a 100% transfer tax for foreigners in Sri Lanka, thus effectively doubling the price of the property. This may be circumvented by arranging very long term leases, or, in condominiums, by buying above a certain story. A recent law has also banned construction within 330 feet of the shore.


Property ownership for foreigners in Thailand is carefully controlled. Without special permission from the Minister of the Interior, foreigners are not allowed to own the land on which any piece of property is found, or to own a condo in a building if 49% of the other condos are foreign-owned. This problem can be resolved in several ways, some more realistic than others.For those with 40 million baht ($ 1,100,000) to spare, no problem, as this sum will allow you to acquire just over a third of an acre.

For the less well-heeled, one of the most common solutions is setting up a Thai-registered limited liability company and buying real estate through this company, but there must be at least seven shareholders in the company, and the foreign shareholder cannot hold a stake of more than 49%. The Ministry of the Interior, while ostensibly not wishing to stymie foreign investment, is cracking down on the use of Thai-owned companies which appear to hold land for foreigners, so more foreigners are looking at alternatives to this method. Purchase of land through a Thai spouse is one of these alternatives–if the spouse is prepared to sign a declaration to say that the property was purchased with funds that they had before the marriage.

Otherwise, an increasing number of foreigners are considering long-term leasing: A Thai nominee purchases the property with your funds and you enter into a long-term lease of up to 30 years, which can be renewed. The initial period of lease and subsequent extensions should be clearly stated in the contract, along with the declaration that these have been paid for in advance. An option can be included in the contract to allow you to purchase the land outright if the law changes to allow foreign ownership.

A right of usufruct provides temporary ownership rights for a period of up to 30 years, which may be renewed, but although these rights can be sold or transferred, they cannot be inherited as they expire upon the death of the holder.

Becoming a permanent resident is one other possibility, especially if you are thinking about retiring in this very affordable country. Check the website www.thaivisa.com for details.

Further Resources

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Leigh Fergus is an editor for International Living magazine. This article initially appeared in International Living. Subscriptions to IL’s Free E-Letter are available here.

How Fractional Ownership Can Make A Muskoka Resort Lifestyle More Affordable

By Andrew John Cocks | Cottages Muskoka

How Fractional Ownership Can Make A Muskoka Resort Lifestyle More Affordable

Article by rin-emedia

Development has changed in Ontario’s Muskoka Lakes tourist region. Recognizing that there is a pent up demand for reasonably priced Muskoka lakefront property. Muskoka developers have addressed Muskoka’s affordability problem by introducing fractional ownership resort properties, where purchasers buy a share of a cottage, villa or resort property. Fractional ownership enables you to expand your purchasing power and live the good life for much less. The development of luxury villas in the heart of Muskoka is making this a reality for more people.

Renowned for its many lakes and beautiful scenery, Muskoka has long been regarded as Ontario’s favourite cottage country holiday destination; a sportsman and boater’s paradise, drawing visitors from around the world. Due to its popularity, Muskoka has slowly evolved into a high-end, luxury vacation destination with magnificent lakefront estates and large upscale resorts that feature superior accommodations, fine dining and upmarket amenities. In Muskoka, real estate prices have skyrocketed. It is simply a matter of supply and demand. Everyone wants the Muskoka lakefront lifestyle; unfortunately there is only so much lakefront property to go around. Even in today’s struggling economy, the price of a modest entry-level lakeside cottage, if you can still find one, starts at around the 300 thousand dollar mark. For the average person, purchasing and maintaining a Muskoka vacation property is financially infeasible.

Fractional ownership offers a practical alternative to owning and maintaining an expensive Muskoka cottage. Muskoka shared ownership vacation properties enable those who want a luxury Muskoka vacation experience to purchase premium accommodations with high-quality amenities, at a reasonable price. Fractional ownership not only solves the problem of affordability, it allows people the opportunity to invest in a Muskoka vacation property. It offers all the advantages of cottage ownership at an affordable cost. Shared ownership redefines the meaning of leisure lifestyle, by offering a luxurious property at a fraction of the price of whole-ownership. For many, this is a very smart way to own a second home.

Renting in Muskoka has also become more expensive. Over the last couple of years many of the older, less expensive cottage resorts have disappeared. They have been replaced with high-end resort developments and private waterfront homes, reducing the inventory of affordable Muskoka rental accommodations. Industry studies have shown that over the long term fractional ownership may be cheaper than renting after comparing the cost of vacationing to the cost of owning a fractional vacation residence, particularly in a highly desirable resort area.

As population numbers and the price of lakefront property continues to rise in Muskoka, the market for fractional and interval ownership vacation club properties will continue to grow. Fractional ownership is a sensible option for those who want all the benefits of a luxury Muskoka vacation home without the high expense or time-consuming maintenance. In Muskoka, fractional ownership offers buyers a slice of Muskokan paradise with all the bells and whistles of a luxury resort.

The Muskokan Resort Club on Lake Joseph is a fractional ownership resort club, offering affordable and carefree Muskoka vacation living. To learn more the about advantages of owning a Muskokan Resort Club lakeside vacation villa, call toll-free 1-866-960-9016 or visit the website (http://www.muskokanclub.com).

Contact Information:Krista Havenaar The Muskokan Resort Club 3876 Hwy 118 WestPort Carling, ON P0B 1J01-866-960-9016416-960-9016info@muskokanclub.comhttp://www.muskokanclub.com

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Tips in Hunting for Thailand Real Estate for Sale and Acquisition of Ownership

By Andrew John Cocks | Country Real Estate For Sale

Tips in Hunting for Thailand Real Estate for Sale and Acquisition of Ownership

Article by Howells

So you are searching for real estate investment prospects in Asia. Why not look into Thailand real estate? Investments on this Asian country can offer rewarding results. This short article can help you if you intend on Thailand real estate as a possible business enterprise.

First thing you must know whenever planning to buy properties in Thailand is acquiring the right visa. Thailand grants tourist, work, investment, and retirement visas. To learn more concerning these visa forms, it is wise to seek advice from the Thai Ministry of Foreign Affairs and the Department of Immigration.

After you have received your visa, the next thing is to find Thailand real estate for sale. You can save time through getting help from real estate agents. They can provide you reputable real estate resources. Moreover, you may need to find experienced legal professionals in the event you don’t have enough know-how about legal procedures in the country. They are informed about the local procedures and systems concerning property purchase.

In addition, you need to understand regarding present government policies. Just about the most important matters you must know will be the conditions regarding registration of your property. The Thai government allows people from other countries to obtain a property not beyond 1 Rai or 1,600 sq . meters. You ought to prepare not less than 40 million Baht (or almost $ 1.3 million) for you to make money from your Thailand real estate investment. You must transfer the quantity to a Thai banking account and find a permit from the Ministry of Interior.

After buying the real estate, you may now setup your very own Thai company. Only by establishing a company will you claim possession, since you need to register the exact property under your firm. Your qualified Thai lawyer will help you with all the process. Make sure you discuss with him prior to you signing any paper.

Like in some other countries, you should sign up your business with some gov departments. For American investors, they should observe strict compliance with the Thailand Amity Treaty. You must also read the policies regarding corporate tax just before acquiring ownership. Laws under it are usually complicated and government bodies may well change them every now and then.

Another essential thing to know is you cannot resell your property within a period of five years. Only after this period, can you sell the property and make money from the sale.

The Thai government allows foreign investors to secure property ownership in different ways. You can own freehold condominiums, for example, given you have less than 50% ownership. The company’s share capital must be divided into Ordinary Shares and Preferential Shares. Dividing it into these two classes helps preserve the interest of the foreign investor. These are some important things to consider before buying Thailand real estate. You may check online for more details on smooth and efficient acquisition of your Thai property.

Eve Howells is an investor interested in Thailand real estate and is currently looking for Thailand real estate for sale.