Want Home Loan

By Dannie Jensen

 Whether you are looking to buy a home for living in or whether are looking to just invest in real estate, you will need to get hold of real estate listings as the first thing. Internet and newspapers are the most common ways of getting real estate listings.

With internet gaining popularity, internet real estate listings have become one of the easiest ways of checking out the real estate listings. Though the traditional method of looking for real estate listings (through newspapers) is still one of the most used methods, it is a very time consuming one. You have to read through various listings and sort out the ones that seem more suitable to you (and possibly write down the phone numbers and contact details on a piece of paper) and then call up the owners/brokers to fix an appointment for viewing the property (which may turn out to be totally disgusting in the end). Moreover, the newspaper listings generally happen on a weekly basis. So if a deal has materialised in the meanwhile, there is no way you can check it without actually calling up the owner/broker. On the contrary, the internet real estate listings (on a good real estate listings website) are updated everyday or maybe twice a week. Moreover, new real estate listings go up on the internet everyday (i.e. they don’t wait for the newspaper to get published).

So, if you have been using only the newspaper as your source of real estate listing information, you might end up getting stale information. You might lose out on a deal that was out on internet, say 2 days before. As such, making the first offer can make a big difference when it comes to real estate. Further, you don’t need to go through all the real estate listings in order to determine the listings that look suitable to you. You can specify various search criteria/ filters in order to get only those real estate listings that you really want to look into. This is a big advantage when compared with newspapers where listings are generally classified just on the basis of location of the property. Thus you can save a lot of time here by browsing only through the real estate listings that are of interest to you. Moreover, there is no need to note phone numbers etc; you can just take printouts of the listings you want. Some websites also provide tools/ facilities to track those real estate listings. You could even contact the sellers by sending a message through the website (some websites provide such email type of facility). Another important benefit from real estate listings on internet is that some of them also contain images of the property. So you can have a look at the images and see if you like the property at all.

So, real estate listings on the internet do seem to offer a lot of convenience. However, internet or newspaper is really a matter of personal choice too.

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How does Dubai
s Debt Impact Calgary Real Estate?

By Joe Samsone

 Here we go again! Better hang on to what youve got because another financial correction of our not quite yet recovered economy is coming. Is it?

For many years during the real estate boom, Dubai seemed as a paradise with an indoor ski arena in the middle of the desert and skyscrapers reaching above sand storms or magical islands erupting from the middle of the ocean with dream like real estate on them.

Now that the storm started to settle a little bit, the bills are coming in and its creating some deer in the headlight feeling form many investors because its time to pay.

Right now there are more questions than answers at this point. But here is a snapshot of what the big fuss is all about. Dubai currently has an outstanding debt of 80 billion dollars of which 59 billon dollars is directly resulting from the major real estate expansions that they have been over building and bragging about to the west to prove to them that they can build bigger and better real estate

Dubais debt problems started to snowball just like the rest of the globes economy took a turn about a year ago. Their real estate market had also gone through a major correction the last couple of years creating major financial concerns from the imploding real estate prices. The sad thing for Dubais economy is that most of their growth was a result of foreign investments simply based on pure speculations vs. fundamentals.

Now what causing this panic reaction on the markets is the fact that Dubai had some of these loans worth billions of dollars becoming due in the next couple of weeks and they simply said that they are not in the position to pay it at this moment and are asking their creditors for an extension on their payments dead line until sometime in the future.

The great news for Canada is that there are no Canadian institutions involved with Dubais investments that are at topic here. Primarily some European and Asian banks are the ones that are running after their investment money right now. What the global financial market is really concerned here is the interconnectedness between the European/Asian banks and the rest of the word. We dont have to travel back in time to far to remember the sub-prime era in the US even though the real estate was a localized problem with mainly local banks, the rest of the word suffered just as much as the US banks because loans or investments are being sold amongst banks on a daily basis. Meaning that if a particular bank provides a mortgage to a customer that same bank may not be the sole owner of that mortgage a few weeks or months down the road.

So what is this have to do with Calgarys real estate market? Technically it shouldnt have a direct impact unless the rest of the markets begin to tumble and creating panic amongst investors who will decide to sit on their investment eggs for another few more months. Dont forget, real estate is something that you can drive by everyday to check on and you cannot liquidate it as you would sell a piece of stock on the Internet. Houses dont evaporate over night just as stock portfolio may due to a panic attack on the market. If you are thinking long term with real estate you shouldnt be too concerned with these little blips in the market.

The whole confidence factor might have got ahead of itself a little bit too fast and it would be a normal cyclical reaction of the market to go through a minor correction in the near future just to remind investors that we are not fully recovered yet.

For information about the Calgary real estate market, visit JoeSamson.com an excellent resource for Calgary homes for sale.

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