There is a common perception of condos as being apartment style buildings, of townhouses as two-story row homes with adjoining walls, and of garden homes as free standing houses on small lots. Unfortunately, this perception creates some confusion about real estate ownership . Apartment, townhouse and garden home describe the construction layout and design of certain homes. The word, condominium, should not be used in this context.
Condominium does not refer to a type of building or construction design. It refers to a form of ownership of real estate. Condos cannot be recognized by observing the building style.
Commercial properties are probably the most expensive among real property types. Because commerce is a vital part of a society, commercial properties have a big potential of gaining huge profits. People believe that commerce is the biggest provider of income, so commercial properties have a very high demand.
It is a known fact that commercial properties are difficult to finance. One way of financing them is by getting secured loans. Instead of paying the full amount immediately, the money can be borrowed from a financial institution then paid back by installments for a certain period. This is a good financing scheme that can be advantageous to the investor, especially if the loan terms suit his/her financial capability.
Small business loans are beneficial to starting businesses. SBA loans are accessible to investors because the guarantee comes from the government. Just like the traditional property financing, SBA loans require collaterals as guarantee to the loan. However, interests are being put to monthly payments. SBA loans have lower interests compared with the other types of loans.
At Canadian Corporate Legal Services we take a kinder gentler approach to negotiating for debt recovery. Our method is to avoid alienation when working with people and companies who owe our clients money and try not to alienate them. Due to the current economical crisis people who owe money are generally nervous about unfair debt collection. Hostile phone call and letters is not an affective method and can be emotionally draining for both parties. Our approach is to appeal to their morals and good nature while of course pointing out the additional cost and consequences of not clearing the outstanding balance. Our negotiations for debt recovery are often effective but if not we have the option of court to find the best way to proceed.
Many of our long-term clients come from companies that we have previously negotiated with successfully for debt collections. A proof that our kinder gentler to negotiating for debt recovery approach can work for your company as well. We like to work with our clients internationally to help them manage their account receivables and bad debt load. Here are some things to consider. Consider your CREDIT:
C ash Flow
Singapore condominium commonly known as condo is a multiple projects where individual units get sold. Buying a condominium unit means owning everything between the bars of that particular unit. However, you share the ownership of other common properties such as club house, elevators, swimming pool, tennis courts, gymnasium and other joint facilities with other owners of condominium.
In the recent years, many people are adopting the condominium way of owning a house. However, Singapore condominiums differ according to the market segments. Different people have different taste and also the financial abilities of buyers; fact well known by the investors.
There are the ordinary condominiums mainly situated in the suburban places but have good communal services. Such condominiums normally have average pricing to enable many buyers who wish to change from public to private housing. Under this group, there is another set of condos known as Executive Condominiums (EC). This is a combination of private and public housing which was created by Singapore government. These condominiums have a lower price compared to private ones in order to enable many people and especially the young professionals aspiring to own a house but find the price too high. However, there are some rules governing the Executive condominiums which include a minimum of five year occupancy duration by the occupant before being permitted to resell.
The other one is middle class Singapore condominiums. Basically, these are situated close to city fringes and other areas such as Tanjong Thu and Newton Novena. They are very popular because they are located close to middle of the city where entertainment and business hubs are. In addition, they have various types of themes which attract successful yuppies and professionals.
Finally, there comes the luxury category of condominiums which cater for people with good financial status. These types of condominiums are situated in the major districts such as Sentosa, Orchard Road and Keppel Bay. They are for people who do not only desire to own a home, but those with exclusive lifestyle which fits their status.
In the turnover of millennium, people lead a luxurious life and enjoys with full stuff. Today, real estate fetches good demand in the market and almost every one is interested in purchasing home property for desire price. To enjoy luxurious, people requires finance and to procure debt, they require mortgage brokers. Credit brokers are special person who originates loans to the borrower on behalf of financial institutions, lenders and banks. Well experienced, trained and professional agents are available in the industry to helps customers for obtaining funds.
Credit negotiators are special person who yields more demand in the market not only for their service but also for their advices. Becoming debt broker in the industry is not the difficult task, but the dealer is required to compile with the statute of the state and federal government. CeMAP exams are conducted for the trainees who require certificate in mortgage advice and practice and to be qualified has a broker in the business environment. In most of the states without the certificate, the advisor finds difficult in offering the service and advice to the customer. CeMAP qualification is a special qualification which will be provided only to the credit consultant by compiling with laws of FSA regulations.
Special training courses are provided to the trainees to pass the exams conducted and the course covers areas related to law, policy, practice, applications, markets, payment methods, products, arrears and post completion matters. Most of the people wonder that without CeMAP course, the advisor can easily provide advice and solve the problems faced by their clients. More numbers of negotiator are accessible in the financial services and assets and it is up to the customer to choose a best advisor who suits accordingly. Home study courses are offered to the trainees who are interested in distance education learning with updated materials and enriched syllabus.