Answer these Questions Before You Buy your First Real Estate

By Billy Chen

So family and friends have been telling you that you should buy your first new house, right? As you busy weighing the pros and cons of the idea, this article would try to help you understand what it takes to buy a new home.

1. Buy only if you plan to stay long term If you are already aware of the fact that you are not going to stay there longer than three years, perhaps it is not time to own one yet. Because the cost of owning the property and subsequently selling it in short time would mean that you are likely end up poorer, even if you see your property has appreciated in value. When the market is bad, the loss you have to suffer could be even unimaginable.

2. Brushing up your credit report. Unless you are filthy rich, you are not going to pay cash for your new home. The conventional source of fund would be lenders like bank. To make sure your application for a home mortgage goes as trouble free as possible, it is important your credit rating (publicly available) looks healthy. The trick is to obtain this rating report yourself before hand and when it signals problems, correct and fix them before you make appointment with the banks.

3. Is your dream home within affordability? As a general rule of thumb, most lenders are happy to lend up to 80 percent of purchase price. But to have a better idea on the kind of loan amount you can be approved on, make use of those online calculators at the bankers' sites to check this in relation to your income, debts, and expenses.

4. Down payment requirement As a rule of thumb, banks expect 20 percent down payment from home buyers. If you have problem putting up this amount, your only option is to discuss your requirement with those offering sub-prime loan. This is done on a case to case basis and there is also pre-qualification requirement.

5. Buy into hot location with good schools If possible find a site where there are a number of popular schools. Reason is school districts are a top consideration for buyers who have school going children. When you want to sell your property, you can ask for a premium on top of a fair evaluation price.

6. Enlist the help of property agent While Internet is useful disseminating valuable information like home listings, when it comes to a time to follow up, like physical home inspection, negotiating terms and price, human type interaction cannot be avoided. It can be a good idea to get help from exclusive buyer agent as they can help to take care of all these hassles on your behalf and acting on your interest.

Finally, when you choose to go ahead with the house hunting, get ready for some serious work. Always do a background check on the property that interest you, before you get to meet the prospective seller or the representative. You would want to find out the sales trend of similar housing type in the nearby area. Check the most recent transacted prices. This way you will walk into the negotiation confident and talk your way into buying that dream home of yours. - 23210

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Looking to find the best deal on Singapore Property , then visit our site to find the best advice on Singapore Property Elite for you.

The Tower Of Forex - Terminology To Reach Each Other

By Tom K Kearns

God came down from the heavens to see the Tower of Babel, being unhappy with what he saw God separated the people using foreign language as the barrier. Then here comes terminology another language used amongst the masses of foreign exchange. A language easily used within the Forex community which leaves the non-Forex citizens clueless.

I frolicked in to learn the terminology of the Forex player's world of language and indeed it looked like babble. But for the foreign exchange inhabitants it all makes perfect sense. With shortened phrases, acronyms, and idioms to explain what they need and want during the speeches of exchanges and trades, it is only a language which the traders know best. And it is imperative for any new or experienced Forex civilian to know and be comfortable with the language.

You will be left in the dust not being educated and fully prepped in this speech used to converse with fellow speakers. The journey into a career of a Forex trader can be forgotten if confused by the terminology or not aware of the sayings they use. For now at least.

The leading financial market of the world is Forex which trades all global currencies in real time. The basic language is a must to shine at all in the Forex market.

Basic terminology

To get by in the utmost way one must know at least the basic terminology of the Forex globe.

1) Bullish- having the general tendency to trade on the long side of a currency pair and having the belief that pair will increase in price.

Bearish, if you are bearish you will have a general tendency to trade on the short side of a currency pair and believe that pair will decrease in price.

3) Going long- the reference to buying a currency pair with the hope that the price will go up.

Selling a currency that is not yet owned with the intent that there will be a decrease in price so that the currency pair can be put back at a lower price than it was sold for is called, Going Short.

5) Pip- a popular word meaning the smallest price change a currency pair can make. Generally it is equal to 10USD on full size lots of 100,000.

The offering of information to the seller on the variety of prices being offered is Range. It also the highest and lowest prices of the currencies.

A full range of definitions for the Forex language is offered on tons of websites and dictionaries. It is crucial to be prepped on the terminology needed for conversation if you are interested in a Forex trading career. Otherwise you will find yourself a lost soul roaming around, incapable of speaking to any fellow Forex inhabitants. Of course you don't want that. - 23210

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To learn more about Forex Trading Signals visit Automated Forex Trading Systems.

Getting Into Rental Property

By Billy Chen

Singapore car is nothing more than a rental property in Singapore. Apartments, a contract or agreement that is made when (the renter decide to), and the landlord to sign a treaty on mutual benefits. To create a contract or lease real estate and landlord must agree on many issues.

The most important factor that you will have to consider when you are thinking about renting a Singapore Property is that you will find several Singapore Real Estate agents in the country and it is very important that you look for an agent that is reliable, sincere and efficient.

While choosing the neighborhoods, it is advised that you look for Singapore Properties in safe neighborhoods so that you do not have to worry about anything regarding safety.If you want to find properties in certain locations or neighborhoods in Singapore then make sure that you mention the neighborhoods to your agent so that he will try and find rental properties for you in the areas that you like.

When you are going to check out the rental properties, make sure that you examine all the things in the property carefully before you agree to rent the Singapore Property. See properly to find out whether there are any flaws or defects in the property.

When you are negotiating the price of the Singapore Property, make sure that you are aware of the approximate market rent of the properties similar to the one that you wish to rent. Try to negotiate the price or cost of the rent with the landlord and then agree on a price that both you and the landlord will agree on.

When you have decided that you wish to rent a Singapore Property, you will have to sign the rental contract or agreement (tenancy agreement). Make sure that you read each and every detail carefully before you sign the document.

If the tenancy period is very short and you wish to rent the property for a longer period of time then try to talk about it with the landlord.Make sure that you agree with the tenancy period as mentioned in the tenancy agreement.

Your Singapore Real Estate agent will know that is best for you so make sure that you ask for his or her advice when you are looking for rental properties in Singapore. - 23210

About the Author:

Want to find out more about Singapore Property , then visit our site on how to choose the best of Expats Rental for your needs.

Are Private Housing Prices Still Affordable In Singapore Properties ?

By Billy Chen

With the economy back on track in a slow yet assured way, property players are rushing back to the red hot Singapore real estate market. The market is flushed with bullish sentiments and property developers have been busy adjusting up their prices in their daily advertisement. You can't help but starting to pay attention, only to come to the conclusion that the prices are beyond you.

Or have you been slackening and you accumulation of wealth and income has not been able to keep pace with the property prices?Are the current real estate prices reasonable? Are there really enough crazy buyers out there to support such price levels?

To have a better sense on what is going around on the property market; let's begin by checking on how property news/prices are relayed to you.Media like newspaper, radio and TV, all inadvertently play a role in helping us shape your belief.If you are not a major and active real estate player, chances are you have to be reliant on secondary sources such as media for your property update.

We are not suggesting that our media has been responsible for inaccurate reporting.Rather we are aware of the fact media exists to disseminate 'newsworthy' and interesting reports.The fact remains that, in all reality, for one super-scale mega project, there are probably a number of more modest launches that do not make headlines materials. A grand and mega project that runs into hundreds of millions in development cost would easily snatch the headlines from the more decent real estate development.

Advertisements paid for by glamorous developers represent another reason in a similar way. These super-scale luxury housing advertisements of Marina and Sentosa enclaves, for instance, are targeting those very rich foreigners and locals. It makes sense that these are priced with a premium and are generally not meant for average Singaporeans.

Of course, resale prices for privately owner-occupied properties are obviously lower than those advertised at the new launches. But few people are aware of them as the lack of 'newsworthiness' elements. For the average guys among us, the new launch prices are what making news within our circles.

One of the reasons that help others, this belief is formed that in 2007 real estate boom is still fresh 'spirit in Singapore \. With the integrated resort as a backdrop, many developers have their complaints and went to the opening number of super-super-luxurious and exclusive projects with great success in a massive training of a record number of foreign investors. Here too, these features are not available to the average Singapore .

It is only up to you to tweak your aspiration and look out for them. In all reality, the private real estate market is not going to stay static as inflation is a natural element in any economy. The suburb properties, just for comparison, have only registered a single digit increase in price in the past ten years.But, still, there a number of modestly priced private properties around Singapore. - 23210

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Want to find out more about Singapore Real Estate , then visit our site on how to choose the best of Singapore Properties for your needs.

China Stocks Grow With China Economy

By Michael Swanson

The China economy is growing, and how much is a question of importance for every nation. All economies are now global so that changes in the economy of one nation will have an effect on all the rest and all eyes are on China stocks.

The GDP of China is increasing at a rate of 10% per year. Along with this growth, China has been buying up all the natural resources it can. There is concern that this is hurting other countries by limiting available resources. In any case, control of natural resources has always heavily influenced the global economy.

It is easy to throw out statistics such as a 10% growth rate. But one number never tells you the whole story. Another number to consider is that the ratio of the Chinese government debt to its GDP is a mere 20%. In the U. S., this ratio is over 60%. When you consider the debt ratio along with the growth in GDP, it makes the Chinese economy appear stronger.

The growth in the economy in China does come with some concerns. For example, it could create the same kind of bubble that has been experienced in the West. With money flooding the economy, inflation may rise, and consumers may start spending beyond their means and overextending themselves on credit. The result could well be the economic crisis currently experienced, especially in America.

There is also concern over the market for Chinese goods. The downturn in the Western economy has resulted in fewer imports from China. China will not be able to continue to grow at its current rate without a viable marketplace for its products.

For America, this is a good thing because China holds more American debt than any other nation. If China chose to sell their American bonds, the effect would be disastrous. However, as this would also spell disaster for Chinese exporting, this is unlikely to occur.

It is safe to say that the China economy is growing and most probably will continue to do so for quite some time. How long it will be able to continue that growth is going to be dependent, at least in part, on the economies around the globe. - 23210

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