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Archive for April, 2007

Another Common Pitfall: Market Fluctuations

Monday, April 30th, 2007

Anyone in the real estate business - novice or expert can tell you that changes in property values and other market fluctuations can wreck havoc on operations. For example, rents can go up or down quite frequently and/or tenancy rates can increase and decrease in a very short period of time.
Any type of business […]

Potential Pitfalls Continued

Friday, April 27th, 2007

Mechanics Liens
In regards to purchasing a property, a buyer needs to pay particular attention to the issue of mechanics liens. If a contractor does any work on a piece of real property and isn’t paid they can file a mechanics lien against the property to ensure that they eventually are. Generally, it is required […]

Debt Services & Lender Requirements

Thursday, April 26th, 2007

Today, we continue our discussion on common pitfalls seen in a real estate deal by looking at potential debt services and lender requirement problems. Oftentimes, borrowers will find that they need to borrow money to buy property and that the lender is probably going to require security for that loan.
In […]

Remembering to look for the pitfalls

Wednesday, April 25th, 2007

Purchasing real estate — any real estate — involves a certain level of risk. Obviously, your goal is to minimize those risks as much as possible. To do so, requires doing your homework and thoroughly checking every aspect of the sale. Examples of potential problems that may lead to legal disputes often […]

CityCenter’s Price Tag Climbs

Wednesday, April 25th, 2007

MGM Mirage has confirmed that the cost of its CityCenter project has increased by $400 million to $7.4 billion. The increase is due in part to an additional 670,000 sf of construction. The increase, however, is being offset by an expected $2.7 billion in residential sales, up $200 million from previous expectations, resulting in […]