Walter Bowen

Real Estate Agency

Home - 2012 - August

Month: August 2012

Homes Post-Storm

Posted on August 13, 2012 in News

The city recovers normality and the traffic has already recovered. 14.4 liters of water by meter squared in 5 minutes were registered. Aragon will activate the alert orange in rains and Madrid maintains the yellow. The city of Valladolid gradually recovers normality after the intense water whirlwind and the hailstorm fallen afternoon of this Monday, that has originated floods in several schools, tunnels and commerce, although still 5,000 homes remain without light. According to have informed sources into the Park of Firemen, normality in the streets are recovered little by little and are open to the traffic the majority of them, except in the zone of the tunnel of San Isidro, where several grants continue draining the water. Intense rains and the hail have affected mainly to the districts of Delights and Small birds, according to the Aguas company of Valladolid, with a registry of 14.4 liters of water by meter squared in five minutes. In some streets of the populated district of Delights, three hours after the hailstorm, that untied on the 14,00 hours, still were 10 centimeters of hail. The traffic of vehicles has recovered already in the North exit of Valladolid, by the access of the old N-620, that was interrupted to first hours of afternoon by the formation of water rafts, according to has informed the Civil Guard.

Nevertheless, a track of a-62 railcar is cut around kilometer 118, according to these sources. Within the city, the traffic in the tunnels of Labradores and Vadillos has recovered, who were flooded after the pumping system was insufficient to eliminate all the water that entered. The service of emergencias 112 took care of in one more hour than 120 warnings before the water whirlwind that got to flood low of the Caldern Theater and the Official School of Languages and the station of the railroad. The Iberdrola company has informed into which to the 20,30 hours there were still 5,000 clients without light because some transforming of the city were unutilised and the technicians of the company could not accede to them due to the water.

Buying Your Home

Posted on August 7, 2012 in News

It is known that in the initial stages building developers have their own funds in an amount sufficient to build the house. Get a loan for the construction of the bank is extremely difficult. Therefore, developers are forced to sell has not yet constructed apartments potential future tenants – individuals. Citizens become co-investors construction and are in connection with this, all risks on a par with the developer. The duration of the construction process allows us to “share participant” to make payments in accordance with the schedule, “stretching” of the entire construction period, and sometimes for a certain period after its completion, that is, pay for housing in installments.

Usually, this scheme is available to the Installment the end of the building amounting to 30-50% of the cost of housing. It is obvious that not all citizens have sufficient funds to pay for purchased housing during the construction period. Wishing all interested majority of the population to acquire housing through a scheme of shared construction, construction companies tend to provide the public with more favorable installment. To this end, under contracts with the holders of property developers big capital are utilized financial resources of commercial banks, funds and investment companies, allowing more elongated periods during which the installment plan is available. Raising capital from large sources not only increases the reliability of the whole circuit, but also gives it new meaning and content.

The advantages of the scheme of shared construction is its simplicity and lack of substantial appreciation of housing, which holds with long-term bank lending. Therefore, in regions where mortgage lending is still not developed, shared construction often appears as a single scheme to purchase housing. Another advantage – lower cost of housing construction compared to the cost of finished apartments in the secondary market. The greater the difference in the price of finished and housing under construction, the more supporters of the scheme. Disadvantages equity schemes include a high degree of risk to “share holders”. It is they who bear the greatest losses in the event of failure, poor quality or unfinished construction. During operation of the scheme share Participation in the courts reviewed hundreds of cases defrauded real estate investors. Some improvements had been made a year ago, when the Supreme Court agreed to consider the equity holders of both consumers and apply at disputes the law “On Protection of Consumer Rights. Because of this they are not personally liable for the failure of nested means construction time caused by the builder. Another drawback of this scheme is its social inefficiency: because of its short duration, it does not allow the mass to solve the housing problem of the population. And, in addition, equity requires registration of property only after full payment for provided housing, at the end of the construction and installment. Before making any final conclusions, count how many months (or maybe years) you’ll wait for the construction and decoration of an apartment in property? And how much income you would be able to receive if he opened a deposit account in a bank in the amount paid by a construction company funds? And how much it will cost repair and installation of the phone? (Most of the apartments builders are available without finishing and phones). Considering all future costs and weigh the risks, compare the cost of new buildings with a similar flat in the secondary market.