Avanta launches new virtual office service

Avanta is launching a new virtual office service which enables businesses to enjoy all the benefits of a serviced office without paying a penny in rent. The virtual office concept delivers a full package of services and facilities of an Avanta serviced office, but without being tied down to renting physical space. Virtual PA (VPA) is Avanta s new virtual office service, a concept designed to give start up companies, home workers, or professionals on the move, the facilities and support network of offices services, without the office space. The virtual office service is expected to be of particular interest to organisations or individuals seeking a market presence in central London. Avanta operates seven business centres across London, enabling VPA to offer a choice of prestigious virtual office addresses in the West End, Mayfair, Hammersmith, Victoria and Holborn. Companies can boast an impressive postal address, without the cost of rent, and with no mention of Avanta, whose team will handle all mail, forwarding it the same day to a postal address of the client s choice. Despite not having a permanent base with Avanta, VPA clients can still have free access to any Avanta business location, taking advantage of broadband access points in the breakout areas, meeting rooms and refreshment facilities. VPA clients are even given complimentary membership to Avanta s private members club The Winchester Club in the heart of the West End. A comprehensive package of office support services includes a dedicated London number with professional call answering service in the client s company name. Virtual office clients are also able to call on Avanta s team of skilled secretaries to take care of urgent typing requirements, organising meetings, collating reports, managing large mail outs or delivering fax and photocopying services. Avanta offers a unique, transparent pricing structure for the virtual office service, which ensures that clients only pay for the services they use. This allows them to have a tailored, flexible package to meet their needs. David Alberto, Avanta s Managing Director, said: We have developed the VPA virtual office service in response to the day to day needs of those businesses and individuals who simply don t have the facilities and support network of working in a large corporate office set up. Our virtual office package means that home workers, small business start ups and individuals who s job is not office-based, need no longer be disadvantaged. Avanta s seven business centres are based at prestigious addresses across central London, giving businesses or individuals the choice of having a West End virtual office, Victoria virtual office, Mayfair virtual office, Hammersmith virtual office or Holborn virtual office. ENDS Notes to Editors Avanta is an emerging name in the serviced office market, with a rapidly growing portfolio of office suites in prime locations across London. The company was formed in 2004 by David Alberto, previously with Regus and former Managing Director at MWB Business Exchange. Avanta can offer highly flexible, unbranded office space, with advanced and competitively priced technology, tailor made to meet the requirements of the occupier. The company manages a total of 280,000 sq ft of office space across seven locations, with an average occupancy rate of over 90% at mature locations. For further information, please contact: David Alberto Avanta Management Services Ltd PR agency contact 1 Hammersmith Grove London UK W6 0NB Tel: 020 7269 9355 Site: http://www.avanta.co.uk/



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Find Your Safe Investment in Bank Foreclosures.

From a listing agent s perspective bank foreclosures are not easy to sell. In some hard-hit communities in Midwest cities and in California, the numbers of bank foreclosures grow so high that that the banks themselves make essential repairs, even renting out the properties. As time goes by and no buyer can be found, the costs of minimal security soar, burglaries and squatters disturb neighborhoods. There is mold. Untended swimming pools lie stagnant and stinking, a health hazard to add to those same neighbors problems. It seems that some bank foreclosures can t be sold at any price.
From the buyer s perspective the bank can seem inflexible, bureaucratic and elephantine. However with the right approach and a little perseverance, working with the bank s listing agent and understanding the local real estate market, buying bank owned property for the right price is a good investment. Find that foreclosed property that is safe , the one of the most desirable size, in the right location, so that you can do the essential repairs, either live in it knowing you could put it back on that same cold market if you had to and make a little; or rent it out till prices rise again, and make a lot more.
REO investing has some great pluses for the home buyer or newer investor. The bank owned property is generally listed through a local agent, you can inspect the house and it will be vacant possession. You can work out your price and have time to raise your finance when you make your offer. Unlike at auction you do not need cash to support your bid. The bank will list as is but that doesn t stop you adding a conditional clause. Make sure you inspect the house and get your own appraisal. Inspect gain before you close the deal and push for any adjustment necessary.
Make the lowest offer you think is justified. The agent may believe bank guidelines are a maximum of 15% discount off the adjusted list price. Make your offer for a further discount off that adjusted price if you believe condition warrants; at worst you will get a no . More likely you will get a counter offer. It s rare to get a quick response or to be a quick process. Be confident your offer will be taken seriously; there are always more bank foreclosure homes on offer than there are buyers!
Philip Smith is the writer of http://www.Foreclosuredatabank.com. Your Source of Bank Foreclosures online.



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Ethics In Real Estate

ETHICS IN REAL ESTATE
In real estate, the opposite has occurred. Thousands of agents, focused on self-interest, have developed systems and habits which are so bad they can t help hurting sellers and buyers. They do the wrong thing almost instinctively. There is often a big difference between what is legal and what is ethical. Many agents use legal as their standard. It is legal to receive kickbacks and so they do it. It may be legal to have dummy bidders and so they do it. It is legal to quote one price to sellers and another price to buyers and then blame the market. It is legal to take money from home sellers in the full knowledge that this money is not to promote the property but to promote the agents. The lack of ethics in the real estate industry is one of our greatest national scandals. And, in many ways, it is a hidden scandal because thousands of consumers do not realize how they are being hurt. There should be a major independent Enquiry into the millions of dollars being lost by real estate consumers. Ethics in real estate will help all to become winners in real estate. It will make the business of buying or selling a home the wonderful experience its meant to be. Real estate transactions have two sides ; the Listing Side and the Selling Side (If a single agent represents both the Seller and Buyer on the same property, they are credited with two sides to the transaction). The majority of all real estate transactions involve more than one agent and more than one real estate company.
Real versus personal property: -------------
Property may be classified as either real property or personal property, and distinguish-ing between the two is important for several reasons. In real estate transaction all property that is real goes to the purchase while all personal property stays with the seller. Another reason is that taxes are levied differently on real and personal property. Any real estate licensee working under another Broker s license as an Agent, even though he or she may hold a Broker s license: ------------
A real estate agent who is licensed only as an agent, and not as a broker, cannot sell real estate on his or her own. They must place their license with a licensed real estate Broker to sell property. A licensed real estate broker may work independently, or place their license with another broker, working together with other agents and brokers under that Designated real estate broker s license.
Relationship between market value and prices: ------------
A price obtained for a specific property under a specific transaction may or may not represent that property s market value: special considerations may have been present, such as a family relationship between the buyer and seller, or else the transaction may have been part of a larger set of transactions in which the parties had engaged. Another possibility is that a specific buyer would be willing to pay a price higher than the market value. Such situations often arise in corporate finance, as per example when a merger or acquisition is concluded at a price which is higher than the value represented by the price of the underlying stock. The usual rationale for these valuations is that the sum is greater than its parts , since full ownership of a company entails special privileges for the buyer for which he is willing to pay. Such situations arise in real estate/property markets as well (see value-in-use). It is the task of the real estate appraiser/property valuer to judge whether a certain price obtained under a certain transaction is indicative of market value
. According to a report of Nielsen/ Net Ratings, real estate-related Internet traffic reached 21.6 million users in April 2005, a 26 percent increase from November 2004.Onlineghar.com that meets every aspect of the consumer s needs in the real estate industry and will be a one - stop source for buying, selling or leasing any type of property anywhere in the country.Whether commercial or residential, OnlineGhar.com understands the customer s requirements and serves with state of the art quality and assurance in every job.
The CEO of the company Mr. Mahajan has developed this Real Estate Portal. While talking with him he said, The most basic study of ethics is lacking from the common real estate courses. Ethics is good business. And ethics begins with how people are taught to act. It begins with education and training. Ethics in real estate must begin within the real estate industry. Agents have much work to do if they are to regain the trust of sellers and buyers.
About Author: HariKishan Pal is an author related to http://www.onlineghar.com For listings of real estate auctions, please visit http://www.onlineghar.com/ (India Property Portal) OnlineGhar.com - India Property Portal



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What Is Equity Sharing?

With equity sharing, you get to make profits without being a landlord. The downside? You will tie up some money and depend on others to protect your investment.
I haven t seen much about equity sharing since it was promoted and hyped by late-night TV real estate marketers twenty years ago. It was often presented as a way for the buyer to get into a house with no down payment. But from the other side, as the investor putting up the cash, it might still be a decent investment.
How Equity Sharing Works
Suppose a young couple has the opportunity to buy a house for $106,000, and the seller will finance the deal if they can pay just $6,000 down. They have less than half of that in the bank, so they can t do it. Then they hear that you might be able to help.
After talking to them, and looking at their credit report and their situation, you decide that they are responsible enough, so you agree to put up the $6,000. However, you don t charge interest. Instead you will take a half of the equity build-up in the home in six years. In other words, they make all the payments, but you get half of the equity.
Why would they do this? Because they haven t found another way to buy a house with no money for a down payment. In any case their payments, with taxes and insurance, will be close to what they would pay in rent if they didn t buy. Half of the equity in something is better than none.
If they sell, you get your $6,000 back, plus half of any equity left after closing costs. If they want to keep the home beyond five years, you will get an appraisal, and they will need to refinance to pay you your $6,000 and equity share. How much might that be?
Suppose that the original financing from the seller was at 8%, with payments of $955.66 (15-year amortization). After five years, the balance will still be almost $79,000. That means they have built $21,000 in equity from paying down the loan. If home prices have appreciated at 4% annually, The house will now be worth about $129,000.
The home is worth $129,000 and there is 79,000 owed on it. You are entitled to the return of your $6,000, plus half of the $44,000 remaining equity, or $22,000. They either refinance and pay you $28,000, or the home is sold. In the latter case, if the costs of selling are $8,000, you would get $24,000 (your $6,000 plus half of the other $36,000 in equity), and they would get $18,000.
Whether you get $28,000 back or $24,000, that s not a bad return on your investment. Meanwhile, the young couple has $18,000 cash they probably wouldn t have had otherwise. Alternately, they refinance to pay you, and owe $107,000 on a home worth $129,000. You can see that equity sharing can be a win-win proposition.
One cost you will have is for an attorney to draw up an agreement for an arrangement like this. You have to anticipate all possible outcomes (what if they want to sell after a year?), and account for them in the contract. Remember also that if they just never made a payment and lost the house, you will likely lose everything. That risk is why you get paid such a high return on your investment with equity sharing.
Copyright Steve Gillman. For a Free Real Estate Investing Course, and to see a photo of the home we bought for $17,500, visit: http://www.HousesUnderFiftyThousand.com



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