Is now a good time to buy a home on an island
Is now a good time to buy a home on an island
Posted 2 weeks ago

A Caribbean backwater? Or a chic new property hot-spot? If you sat having a sundowner in the main square in Basseterre, the capital of St Kitts, you would probably think the former. The clock in the centre of the square has stopped at 16 minutes past three, which somehow seems…

Is now a good time to buy a home on an island
home equity loan, property management,
Is home equity loan right for you
Posted 2 weeks ago

During the housing bust, many homeowners were cut off from a popular source of funds: their homes. But as home prices recover, more people have been able to tap their home’s equity to pay for renovations, consolidate debts or help pay for other big ticket items. Home equity lines of…

Is home equity loan right for you
Tips on avoiding capital gains tax
Tips on avoiding capital gains tax
Posted 2 weeks ago

Capital gains taxes are charged when you sell something that’s increased in value such as an investment like a stock or property. If you held onto the asset for more than a year before you sold it, then you are taxed on a long-term capital gain at a tax rate…

Tips on avoiding capital gains tax
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Is now a good time to buy a home on an island

by Property Management Software on October 14, 2014

St Kitts Real Estate

St Kitts Real Estate

A Caribbean backwater? Or a chic new property hot-spot?

If you sat having a sundowner in the main square in Basseterre, the capital of St Kitts, you would probably think the former. The clock in the centre of the square has stopped at 16 minutes past three, which somehow seems to symbolise a Caribbean that has not changed in years. It is hot, dusty and unhurried, but blessed with lazy charm.

This is one of the prettiest towns in the Caribbean, with its old wooden houses slumbering in the sun. You could be in a Graham Greene novel set in the Fifties. But Barbados or Nassau it isn’t.

But head south from Basseterre, on to the peninsula overlooking Nevis, St Kitts’s sister island, and that impression changes with every palm tree. New developments are shooting up, and some are very high-end indeed.

The Christophe Harbour development (www.christopheharbour.com) oozes class, with waterfront properties such as the Pavilion Beach Club. Work is well advanced on an exclusive marina and a Tom Fazio-designed golf course.

Prices for properties at Christophe Harbour range from $450,000 (£273,000) for fractional ownership of a villa to $6.75m (£4.1m) for a customised four-bedroom home, with Savills (www.savills.com).

In two or three years’ time, it could be one of the most sought-after resort communities in the Caribbean. And the best is yet to come, at Banana Bay, at the southern tip of the island.

Buy while it is still cheap! CLICK HERE

Is home equity loan right for you

by Property Management Software on October 14, 2014

Home Equity Loan

Home Equity Loan

During the housing bust, many homeowners were cut off from a popular source of funds: their homes.

But as home prices recover, more people have been able to tap their home’s equity to pay for renovations, consolidate debts or help pay for other big ticket items.

Home equity lines of credit were up 27% during the year ended June 30, according to financial services company Experian and consulting firm Oliver Wyman. And more people are expected to follow suit.

But does that mean a home equity loan (HEL) or home equity line of credit (HELOC) is right for you? Here are five things you need to consider.

1. Rates

In recent years, mortgage rates have hovered near historic lows — with nearly 9 million borrowers getting 30-year fixed mortgages at or below 4%, according to CoreLogic.

Now rates are expected to rise.

“We may be in for a more volatile period,” said Keith Gumbinger, of HSH.com, a mortgage information firm. Coming to an end next month are several of the Federal Reserve’s efforts to keep rates low under its quantitative easing monetary policy, he noted.

So if you are one of the borrowers who locked in an ultra-low rate in the past few years, a home equity loan or HELOC could save you more money than refinancing the entire mortgage through a cash-out refinance.

5 things to consider! CLICK HERE

Tips on avoiding capital gains tax

October 14, 2014

Capital gains taxes are charged when you sell something that’s increased in value such as an investment like a stock or property. If you held onto the asset for more than a year before you sold it, then you are taxed on a long-term capital gain at a tax rate of 0% to 20%. An […]

Read the full article →

Canadian real estate love fading away

October 14, 2014

Canadians’ exuberance about the housing market may be coming back to earth, survey data show. The share of Canadians who predict home prices will rise over the next six months fell to 38 percent last week, the lowest since April. The survey is part of polling for the Bloomberg Nanos Canadian Confidence Index, which declined […]

Read the full article →

Top tips from experts on getting a home loan

October 13, 2014

Mortgage rates haven’t moved much this year, and the good news is they’ve been stuck at historically low levels. But the bad news is that may be about to change. Both home prices and mortgage rates are expected to move higher as we head through the fall, and that makes shopping for the right mortgage […]

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Do millennials hate homeownership

October 13, 2014

Millennials don’t buy houses. They are urban, mobile, risk-averse and saddled with student debt. Homeownership is about as enticing to them as a phone with a cord. Millennials are considered “generation rent.” “Young people today seem to have a less warm attitude toward housing. I don’t know why, I’m not one of them,” said Robert […]

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Top places to invest in rentals

October 13, 2014

With home prices still rising and fewer distressed properties coming to market, some claim the single-family rental trade is over. Investors will hold the homes they have and securitize the assets in order to leverage their investments, but they won’t buy any more. “There is very little institutional buying at the present time, as prices […]

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Home loan rates drop boosts mortgage applications

October 13, 2014

The upside to the selloff in stock markets is lower interest rates for the housing market. A drop in rates last week boosted mortgage applications for both refinances and home purchases, and interest rates continues to slide. Total mortgage application volume for the week ending October 3rd rose 3.8 percent on a seasonally adjusted basis […]

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How does property management software help property managers and landlords manage their rental properties?

October 6, 2014

Rental properties are undoubtedly a remarkable source of income, but often landlords with single or multiple rental properties face problems when managing tenants. Even though you hire qualified property managers to take care of your property and tenants, you would not get a clear, comprehensive and quick picture of performance of rental properties. Using advanced […]

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Want to live a Caribbean dream

September 10, 2014

Belize boasts ancient Mayan ruins, lush rainforests and the world’s second longest UNESCO-protected barrier reef. This year the former British colony, which used to be known as British Honduras, celebrates 50 years of self-governance. Bordered by the Caribbean, Guatemala and Mexico with a population of 330,000, Belize is around 10 times the size of Luxembourg […]

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