A Book Review Of George Orwell’s "Animal Farm"

Animal Farm is a savage satire on communist revolution written by George Orwell. Set on an English Farm named Manor Farm, this fable-like story concerns the misery that the animals faced in the hands of human beings. The story opens with Mr. Jones, a capable farmer, stumbling into bed after a night of excessive whisky drinking. Old Major, a reverential, time-honored pig, called all the animals together for a meeting which took place after Mr. Jones had gone to bed. They gathered outside the big barn on the farm. Old Major told them his extraordinary dream in which he saw his approaching death, and pointed out that their lives as farm animals were miserable, laborious, and short. They were forced to work like slaves up to the last atom of their strength, and once their usefulness had come to an end, they were slaughtered. Moreover, Old Major said that there is no animal in England that was free, and none of them should escape the cruel knife in the end. Old Major affirmed that the root cause of the farm animals‘ infelicitous existence was the tyranny of man.

For Old Major, mankind is lazy and is the only real enemy of the animals. Mankind is the root cause of hunger and overwork, stealing the whole produce of animal labor and consumes without producing. Indeed, he is the tyrant who serves the interests of no one else except himself. Old Major described his vision of England where animals could live in peaceful and plentiful coexistence with each other, free from the despotic rule of man. He taught the animals „Beasts of England“, a song which became their revolutionary anthem.

Old Major exhorted the farm animals to band together to defeat their common enemy by carrying out a rebellion, which led them to the establishment of Animal Farm, their model community in which all animals were equal. Two pigs, Napoleon and Snowball, gained control of the farm when Old Major died a few days after he spoke to the assembly. Napoleon succeeded in ousting Snowball. He became the absolute ruler. The animals adjusted with the human system of labor due to economic necessity, and learned that under the tyrannical Napoleon, their state of lives was as bad as their first when Mr. Jones was still in control.

The plot of the story can be attributed to different political ideologies, one of which was Plato’s idea on tyranny. Plato’s description of a tyrant is clearly manifested in the government ruled by Napoleon. First, a tyrant appears to be pleasant and gracious at the initial stages of his dominance to get the sympathy of the people. He shows himself as refined and congenial. Napoleon, the fierce-looking Berkshire boar, was primarily silent, allowing Snowball to express his aims and ideas on social and societal improvements. Nonetheless, as time went on, he was seen as always in disagreement with Snowball, and eventually made the latter as his rival. They often debated and this resulted to misunderstanding in almost about everything. The two boars divided the farm animals into two camps of supporters. Napoleon disapproved of Snowball’s plan to build a windmill which would eliminate hard labor. He refuted everything and asserted that it would be better if they concentrated on increasing the food production and that harvest was more important than the building of a windmill.

Second, a tyrant is always at war with the good. He uses the art of making war or conflict upon his rivals. He destroys them either secretly or openly because he believes they stand in his way of power. In addition, he undermines associations and takes the lives of his friends and allies who contradict or oppose his ideas. Accordingly, Napoleon thought that Snowball was the obstacle in his path to power. On a debate, he called for ferocious dogs which he trained and drove Snowball off the farm. Napoleon succeeded in ousting his rival and became the single leader of the farm animals.

Third, a tyrant breeds mutual distrust. He destroys associations, isolates people, makes them strangers, and deprives them off of their arms. He humiliates his subjects and makes them incapable of action. Napoleon broke his association with Snowball by expelling him to be able to gain control of Animal Farm. Squealer, Napoleon’s spokesperson, was the one who informed the people about Napoleon’s ill-meaning plans. His orders were in a way sadistic. The farm animals were commanded to toil to and fro even if it was difficult for them. They worked like slaves and were led to believe that the fruits of their hard work would benefit themselves and not the human beings. Besides, Napoleon pronounced that genuine happiness was gained through hard work and earning frugally. The farm animals‘ ignorance became his advantage, and convinced them that their efforts would benefit them in the end, even if it exceeded their capabilities. The farm animals had no power to initiate and were utterly enslaved. No one even dared to speak his mind. They became submissive to Napoleon who broke their spirit and made them subservient and inferior. Clover, the cart-horse, being unable to read, was effortlessly deluded by Napoleon’s commandments and obeyed false rules due to her illiteracy. It is one of the desires of a tyrant that his subjects should be incapable of action so that they will not realize his misdemeanor, for no one attempts what is impossible, and that they will not attempt to overthrow a tyrant, if they were powerless.

Fourth, a tyrant, once in power, isolates himself from the outside world. He provides for himself with sentinels. Frequently, when Napoleon was already reigning in Animal Farm, he rarely appeared in public. He spent most of his time in the farmhouse. He was protected by his fierce-looking dogs. He issued his orders through one of the other pigs, usually Squealer. Whenever Napoleon appeared in public, he was attended to by his entourage of vicious dogs. He had no regard for any public interest, except as conducive to his private ends. Napoleon aimed for pleasure and had all the vices. He also aimed for wealth for through this only can a tyrant maintain either his guards or his luxuries. Napoleon was engrossed in making pleasure for himself, and became desirous of riches. He was proud, yet his love for money cheated him when Frederick, the owner of Pinchfield Farm, paid him forged banknotes and even attacked his farm and destroyed the windmill.

Finally, a tyrant confuses his subjects by asking writers to compose poems and songs to pay tribute to his glory. This would conceal his transgressions, leading his subjects astray and making them think that their ruler is not ruthless at all. In the story, there were recitations of poems composed in Napoleon’s honor. „Comrade Napoleon“ was a poetry composed by Minimus, expressing the magnificent reign of Napoleon and the superb feeling towards him on the farm.

Thomas Aquinas’s idea on the dangers of tyranny was expressed in the story. According to Aquinas, tyranny is the worst kind of government for the tyrant brings the community to peril through his unjust rule. The government of Napoleon was, indeed, in the form of tyranny. Napoleon paid no heed to the common good and sought his own private good. Yet, Aquinas declared that if the dictatorship is slight, it would be more advisable to tolerate it than for citizens to involve themselves into rebellion against the despot. None of the farm animals dared to go against Napoleon because they were terrified and ignorant, and they thought that if those who act against him were unable to triumph, they would be oppressed and the cruelty that they were experiencing would be graver.

Political ideologies by Niccolo Machiavelli are also apparent in Animal Farm. According to Machiavelli’s The Prince, in order to be complied with by his subjects, a ruler, which he specified as a prince, should not deviate from what is good, but be able to do evil if necessary in order to maintain authority. Napoleon even managed to kill his subjects who he considered as supporters of Squealer. Some of them committed suicide, yet the farm animals did not dare to rebel against Napoleon’s private actions for some were ignorant and others emphasized that Napoleon could do no wrong, and was thus, always right, which therefore helped him retain his power.

Machiavelli stated that it is very profitable for a prince to give some outstanding example of his greatness in the internal administration. He must endeavor in every action to obtain fame and to appear outstanding for being good and excellent. Nothing would cause a leader to be so much esteemed as having great projects and giving proof of prowess. Napoleon demonstrated himself as a brilliant administrator by wearing medals, most of which were awarded to him by himself. He was attended by his retinue of huge, vicious canines who frisked around him, growling and scaring the farm animals. Napoleon was referred in formal style as „Our Leader, Comrade Napoleon“ and other dignifying, invented titles. His alter ego, Squealer, would talk in a speech, with tears rolling down his cheeks, about Napoleon’s wisdom, the righteousness of the latter’s heart, and the deep love that he showed to all the farm animals, even to those who they thought were discontented and still existed in ignorance and slavery. Every successful achievement and stroke of good fortune were credited to Napoleon. Farm animals were even heard as giving respects and praises to Napoleon, saying that they had profited from his administration.

Napoleon was able to contrive great things. He kept the farm animals‘ minds uncertain, astonished and gripped in watching the results. These actions have arisen one out of the other, and left them no time to settle down and act against him. Napoleon fraudulently ordered the farm animals to work hard in order to attain their aspirations for a better life. They were immersed with hard labor, believing that its results would be to their advantage. Boxer, who was one of the most loyal workers on the farm, accepted and performed everything that his authorities commanded, despite his poor health, the long hours of labor and insufficient ration of food which were hard to shoulder. Furthermore, the desired ends were not directed to those who exerted efforts but to Napoleon. Machiavelli’s notion of a wise prince is one who seeks means by which his subjects will always and in every possible condition of things, have a need for government and that they would always be faithful and obedient to him. He is, indeed, powerful and courageous who will always overcome difficulties by raising the hopes of his subjects, advising them that the evils will not last long, and stressing the greatness of bringing the enemy to justice. Animal Farm showed Napoleon ordering the rebuilding of the windmill, underlining that Snowball, his prime suspect, should be taught a lesson and prove to him that he cannot undo their hard work easily. Thus, the farm animals, though some were in disbelief that Snowball could do such action, toiled hard and grew exhausted. Nevertheless, their hearts blindly continued to burst with pride when their masterpiece was done. It was put forth that alls well that ends well, that the discouragements and iron labor had been overcome.

In the end, the farm animals remained hopeful for a society free from hunger and the whip, all equal, each working according to his capacity. They seemed contented to work like slaves towards the objectives of their tyrannical ruler who eventually aspired equality with humans. The farm animals were satisfied with the fact that the fruits of their labor benefited their fellow animals and not the human beings which they initially considered as the tyrant.

Tyranny would have not continued to control the Manor Farm if the farm animals would have been wise enough to choose their new leader after Old Major died. Since during his reign, they have practiced democracy under the governance of Mr. Jones, the farm animals should have continued their democratic practice, especially in choosing or the election of a new leader. Instead, they just accepted the new government under Snowball and Napoleon, and were made to believe that pigs were clever enough to rule. Napoleon, who was initially a wolf in a sheep’s clothing, would not have taken over if the farm animals would have been mindful and sensible enough to elect a governor who is unlikely to become a tyrant. The farm animals should not have shown the white feather and become submissive. The new administration must have been established that the possibility to tyrannize was eliminated. Their new leader’s power should have been regulated and that the citizens should have strived to maintain their right to be heard. The power of the single ruler should have been moderated if their government had other branches that would make stipulations if ever their new leader would lead to tyranny. There should have been a marshal to monitor the ruler’s conduct. The farm animals, moreover, should have been informed about their ruler’s undertakings and asked if they are in agreement or contrary to his plans.

A democratic set-up could have managed the farm animals‘ situation well. The modern democratic administration employs the success of the ruler is merely not for himself, but also for the majority. The rule of the majority of the farm animals should have prevailed. They should not have left themselves duped by their ruler’s wrongdoings and fought for their right to swear in a capable, transparent, and humane administrator. Snowball manifested an optimistic and skillful leader. The farm animals, knowing that he was competent enough to lead their society into the majority’s ideal form, should have fought for his rule right at the start, albeit massive destruction would have happened because if they really wanted a new society under a fair government, they would not have left themselves suffering and badly yearning for better conditions, because by hook or by crook, they would have fought for their rights and aspirations.

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7 Scholarships for Sonography Education

Earning a certificate or degree in Diagnostic Medical Sonography can lead to a rewarding career. An important consideration for students is finding a way to pay for their education or cut down their education cost. Sonography scholarships are popular because they do not have to be repaid like student loans or federal grants. Following are some of the quality scholarships funding students taking classes for sonography.

AMVETS Scholarships

Deadline: April 15

Description: Numerous scholarships are available to active military and veterans, and their children and grandchildren. Scholarships include six $4,000 scholarships for high school seniors attending 4-year undergraduate programs or accredited technical schools; three $4,000 scholarships for veterans attending a 4-year undergraduate program or technical school certificate/degree program; and one $1,000 scholarship for a JROTC high school senior. There are numerous other scholarships available for veterans and active military attending accredited schools and are listed on the AMVETS site.

Contact Address: 4647 Forbes Boulevard Lanham, MD 20706

Contact Phone: 877-726-8387

Alan D. Waggoner Sonographer Student Scholarship Award

Deadline: November 30

Description: The scholarship award includes $1,000, registration fee for the Foundation’s Annual Scientific Session, and an amount up to $500 to fund travel expenses to attend the conference. Students must be enrolled in a CAAHEP accredited echocardiography or cardiac ultrasound program. Membership in the ASE is required for scholarship eligibility.

Contact Address: 2100 Gateway Centre Boulevard, Ste. 310, Morrisville, NC 27560

Contact Phone: 919 – 861-5574

Jerman-Cahoon Student Scholarship

Deadline: February 1, 2014

Description: The scholarship awards $2,500 to several entry-level students each year. Students must be enrolled in one of several accredited areas of study, and one of them is sonography. It is a renewable scholarship if students meet requirements each year.

Contact Address: 15000 Central Ave. SE, Albuquerque, NM 87123-3909

Contact Phone: 800-444-2778

IFSER Scholarship

Deadline: June 30, 2014

Description: The foundation with the acronym IFSER awards scholarships in an amount up to $500 to students enrolled in a CAAHEP accredited Diagnostic Medical Sonography program.

Contact Address: 929 East Main Street #175, Mount Joy Pa. 17552

Contact Phone: 520 300-2222

Ingham County Medical Society Alliance Health Scholarship

Deadline: January 31, 2014

Description: This is a good example of the many scholarships available to local residents. Two $1,500 scholarships are awarded annually to residents of Michigan’s Clinton-Eaton-Ingham tri-county area or to graduates of the tri-country schools who will enroll in designated Allied Health Programs, one of which is Diagnostic Medical Sonography. Students looking for scholarships should check with local foundations, businesses, and community organizations. Many scholarships are not well-published because they are designed to assist local community residents.

Contact Address: 10034 Oak Island Dr., Laingsburg, MI 48848-8718

Contact Person: Dee Loge-Wacker

Royce Osborn Minority Student Scholarship

Deadline: February 1, 2014

Description: Five $4,000 scholarships are awarded annually to entry-level minority students majoring in sonography or one of several other allied health programs.

Contact Address: 15000 Central Ave. SE, Albuquerque, NM 87123-3909

Contact Phone: 800-444-2778

SDMS Foundation Sonographer Advanced Degree Scholarship

Deadline: June 30

Description: Students who have already worked for at least two years as sonographer may be eligible for a $2,500 scholarship to complete sonography training online that leads to a degree. Eligibility requirements include being a SDMS member who is in good standing and who is accepted into or enrolled in an accredited ultrasound technology program.

Contact Address: 2745 Dallas Pkwy Ste 350, Plano, Texas 75093-8730

Contact Phone: 214-473-8057

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What You Can Expect To Pay A Playa Del Carmen Realtor

Paying someone else for a job, even if they have done a good job, is never something to look forward too. The same is true with Playa del Carmen Realtors. Some consider real estate agent fees to be a necessary evil. Some simply cannot spare the time and resource to sell their home, or buy their home on their own. Most Realtors work hard for their commission; still it is difficult to see thousands of dollars leave your hands and enter the pockets of your Realtor.

Most real estate agents are paid through a commission plan that most often ends up being a percentage of the selling/purchase price of the home. Percentages for the commission rate will vary from real estate agency to real estate agency, but most neighboring agents will have comparable rates. A common Realtor fee is 5-7% of the selling price.

Once you do the math you will realize that 5-7% is a lot of money (enough in fact to drive people to do their own buying and selling despite the difficulty). However, it may console you to know that the Realtor is not the recipient of the entire commission amount. After you pay your Playa del Carmen Realtor the agreed upon percentage, the Realtor must then split their earnings with the agency they work for. If there were other brokers involved in the purchase or sale than these brokers will also get a cut of the sale. The agency that the broker splits his commission with (usually paying out 50%) is compensated for the real estate agent’s work space, marketing, support and other resources needed to help in the sale.

Although it is possible to find fees that are lower than 5% in Playa del Carmen, it may be difficult especially in markets with a lot of real estate business and little competition between agencies (no competition means little incentive to be priced competitively). Some agencies are open to negotiating prices. Below are two suggestions for lowering your Realtor fees.

1. Agents who do not have to give as much money to the agencies that they work for have more flexibility in negotiating price with you. When a Realtor works for a company that requires 50% of the commission it puts the Realtor in a difficult position to have to compromise the small percentage that she is actually going to end up with. Some real estate agents are only required to pay 15% to their agencies. These are the types of Realtors that are more likely to give you some kind of discounted price.

2. There are Realtor services that you can opt out of in order to save money. Marketing methods such as newspaper advertisements are rarely what ends up selling a house. Telling your agent that you are not interested in such low yield expenses saves the agency money that they can then pass on to you.

If you are still unhappy with what you can expect to pay a Playa del Carmen Realtor consider all of the costs that you would be incurring had you chosen not to employ a Realtor. Remember that when you sell your home on your own you are responsible for paying for all forms of advertising, you pay to get your home listed with a service, you pay for legal council, you pay for copies, office supplies and documentation. You sacrifice money and time that could be saved had you not needed to spend so much time selling your property or looking for a new property. Consider the time lost working and the time lost with family and friends because you are responsible for being present at open houses, meeting with potential buyers, inspector reviews, etc. If you do not follow all of the laws and file the appropriate documents you could also be facing having to pay a great deal of money in a lawsuit. All of the costs add up fast.

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Commercial Real Estate Listing Techniques – How to Make Your Property Proposal Better Than Most

When you are invited by the owner of a commercial property to submit a proposal to sell it, you may only have that single opportunity to convey the proposal message and your marketing strategy. Unfortunately most vendor invitations to present sales proposals are made to multiple agents for the single property, so the message in the document has to be clear, and the conversion outcome is critical.

Before you start any proposal, ask yourself this one question. ‚What makes me different in the marketing of this property?‘ If you have not got a clear answer then a major problem exists.

Far too many agents enter a competitive property sale proposal situation with a focus on one or more of the following:

  • Discounted sale fees
  • Discounted commission
  • Discounted or agent paid advertising
  • Inflated price quotation

Whilst the client may initially think that some of this is attractive, it does little to sell the property and may even be counterproductive. Why prostitute yourself? If you are the best real estate agent in your area then show it and make sure the message is clear in your sales proposal.

A great proposal to sell a property is strategic and targeted to the outcome that the client seeks. Everything in your document should be displaying your dominance and understanding of the task at hand. To be the best agent to do the job, the proposal has to illustrate that.

So what are the rules to adopt here? In essence the proposal is to be all about the property and the client in all respects. The following will help you with the blueprint for a great sales listing proposal.

  1. A statement detailing the property location and features. Market appeal of the property is also part of this opening to your proposal. Copies of property titles, plans, photos, tenancy schedules, and encumbrances should also be displayed here.
  2. A summary of the requirements of the client to sell the property should be made. Make sure that this is quite clear so that the client knows you totally understand the brief.
  3. A list of the clients concerns and questions that you have identified is very useful at this point. As a direct follow on to that, you can provide answers for the client. This shows that you are really aligned to the needs of the client.
  4. An overview of the property market and its current trends is essential. As part of this you should then position the subject property into the market you have described and then comment on the competition properties that impact the property marketing today.
  5. Clearly define the target market that you see as relevant to the promotion of the property. Then explain how relevant the property is to that target market and the features of the property that will assist you in the process of marketing.
  6. Recommendations regards methods of sale become the natural flow on from point 4 above. You must give reasons for your selection of the method of sale. Also give the client some comment on the ‚factors of time on market‘ that exist at the time, and the success factors of your chosen method of sale. Give the client some clear comfort that you really do know that the method of sale selected is the best.
  7. Use time lines as an illustration of where you would like to head with this property sale promotion. Illustrations are much better than words. Gantt charts are great for this purpose.
  8. At this point it is best to provide an innovative marketing strategy that complements the chosen method of sale and attracts the defined target market. The promotional strategy offered should have 2 or 3 alternatives of marketing that provide the client with a selection of budgets. Vendor paid advertising is the rule and not the exception in listing a commercial property. Stick to this rule.
  9. Copies of adverts are useful to give the client an idea of what the promotional material will look like and how it will be formatted.
  10. A summary of fees and costs to do the sale should be simple and clear. Whilst costs are always important, if you have done your job in the earlier parts of your proposal, then the fees and costs will be less critical to the client.

All of the above points centre on the property and the client. Very little is said about the agency and what you bring to the property for the client. Only after all the points above are handled should you move to the matters of agency promotion and relevance.

As listing Commercial property for sale or lease is a competitive process, it is important that written submissions for owners are presented promptly. The company that has their submission before the owners first is likely to be given most consideration. However, the listing agreement or contract is an important document and it needs to be prepared carefully to ensure that all the arrangements negotiated with the owners have been included.

You should, if possible, present the submission in person so that you can „walk“ the owners through the documents and immediately clarify any matters of concern. If possible obtain exclusive listings, but whatever the situation, ensure that the document is accurate, well presented and that your oral presentation complements it.

If you think you are the best real estate agent in the market to handle the property sale, then your proposal has to show that very clearly.

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Qualifying for a Home Loan in 2019 – What Requirements and Guidelines You Need to Know

1) How much of a Down Payment do I need to come up with?

In the recent past, people used to think 20% down was necessary to qualify for a home loan or to have a reasonable mortgage payment. For the most part, this is no longer the case. There are many types of mortgage programs that allow for low down payment options or no down payment in some cases. You also don’t have to be a first time home buyer to qualify for these programs either.

FHA Loans are one of the most popular types of mortgages applied for in today’s market, this is mainly because of low down payment options and the flexible qualifying requirements. Without down payment assistance, you just need a minimum of 3.5% down. A lot of people think FHA is strictly for first time home buyers, but that is not true. it’s a government-backed home loan, but they don’t require you to be a first time home buyer. FHA stands for Federal Housing Administration.

Conventional Loans have been gaining a lot of traction over the last few years and will soon replace the FHA loan program as the most popular loan product on the market. Conventional loans allow for a minimum down payment as low as 3% down and also allows for several creative ways to buy out the monthly PMI (Private Mortgage Insurance). This strategy helps reduce the monthly payments while increasing your buying power.

Minimum Down Payment requirements for each loan type below:

VA Loans – No Down Payment required

USDA Loans – No Down Payment required

FHA Loans – Minimum 3.5% Down Payment required

Conventional Loans – Minimum 3% Down Payment required

You can use gift funds for any of the programs listed above. Also, If you are a first time home buyer be sure to ask your loan consultant if you qualify for any down payment assistance program.

2) What Credit Score do I need to qualify for a Mortgage?

Aside from income verification, one of the biggest determining factors in qualifying for a mortgage is your credit score. The higher the credit score the better your chances will be in qualifying. When a mortgage company or bank checks your credit for a mortgage application they will pull what is known as a tri-merge. That is when a credit report is combined with data and individual scores from the 3 major credit bureaus. Equifax, Experian, and TransUnion. The middle of the 3 scores will be used to determine your qualifying score. Ideally, you want to have a middle credit score of 680 or above. In most cases, the higher your credit score is, the better your rate and terms will be as well.

There are minimum credit score requirements for every loan program, but to ensure you get qualified for the most competitive terms it is important that you do everything you can to learn how to increase and improve your credit.

Below are the minimum credit score requirements for each loan program:

VA Loans – 620 (some lenders may allow for as low as 580+)

USDA Loans – 620

FHA Loans – 580

Conventional – 620

3) What are the Income Requirements and Guidelines for a Mortgage?

Proving your ability to repay the loan is one of the most important requirements in the qualifying process. That is why showing sufficient and consistent income documentation is crucial when going through the pre-approval or qualification process. If you are a W2 employee and paid a salary then the verification process is fairly simple. However, can be more difficult for people that receive and/or rely on commissions, bonuses, overtime, etc. For borrowers that are self-employed and/or receive a 1099 it can be even more difficult and complex especially since you can have a lot more write-offs and deductions when you’re self-employed.

First and foremost you need a 2-year work history to even qualify using any income source. However, for full-time hourly or salaried employees that doesn’t mean you have to be at the same company or industry for 2 years. That used to be a requirement but not anymore unless the lender/bank has their own overlay. If you receive and want to use commission, bonus, overtime or other types of income then you have to show a minimum of a 2-year history and the bank/lender will use a 24 month average for qualifying purposes. Self-Employed borrowers are now able to qualify with 12-24 months bank statements for certain nontraditional (non-QM) loan programs.

Qualifying Income Sources:

* Full-Time W2 Income/Salary

* Income from Part-Time Jobs (must be at the job for a minimum of 1-2 years in some cases)

* Income from a second full or part-time job

* Overtime, Commissions, Bonuses (must average over 24 months)

* Seasonal (must prove 2-3 years consistency)

* Self-Employed Income

* Bank Statements (12-24 months)

* Permanent Disability

* Retirement/Pension

* Child Support/Alimony (Sufficient documentation required)

* Asset Depletion

What are the Required Documents Needed?

There are specific required documents needed that your loan consultant will request in order to process your loan approval. You should at least have the below list of documentation readily available and be ready to provide more depending on your particular situation.

* Complete Federal Personal and/or Corporate Tax Returns for the past 2 years (ALL SCHEDULES)

* W2’s for the past 2 years

* 1 Month worth of Pay Stubs

* Bank Statements (may need anywhere from 2-24 months)

* Retirement/Pension and/or Social Security Award Letters

* Disability Award Letter

* Divorce Decree

* Business License

* Asset Documentation

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What You Need to Know About Buying House in Summer 2018

The sunniest time of the year when sun is shining brightly is surely a great time for exploring new neighborhoods and visualizing future patio parties during viewings. If you are planning to buy home this summer then it is important to understand the housing market prior starting any serious shopping. You must have to know what housing market is like for buyers now and what you can do to end up the best home with best price that fits right in your budget.

Owning a home is an investment in your future and with that in mind you wants to make sure that you are making educated decisions so that you could get the best possible deal. Housing market in 2018 should be just as strong this summer as it’s been all spring. List prices and existing home sales have risen this year but there are perks to house hunting right now, too. We present you some of the facts and tips to help you get the most out of this year’s summer housing market.

SUMMER MARKET FACTS

DURING THE SUMMER PRICES DROP: Although summer is busy home-buying season but still it is not crazy as prices drop from May through October. Anyhow if you hang out until late August then you could find a really great deal-that is when nearly 14 % of listings get a price cut.

Private Mortgage Insurance Is GETTING MORE Reliable: PMI or Private Mortgage Insurance getting cheaper after PMI lenders MGIC and Radian lowered their rates this spring; it is great financing news for homebuyers. That’s going to cause most of these PMI companies to be competitive with each other which in result going to bring them all down. Less than 20 % of down payment makes the home buyers to get PMI. It means it will be cheaper for some buyers to get into homes sooner.

HOMEBUYING TIPS FOR SUMMER 2018

DON’T DISCOUNT OLDER LISTINGS: At the times when homes are flying off the market within days due to strong competition, it is easy to think a listing that’s a week or so old is a red flag. But keep in mind that it is not always the case. It is often because buyer got cold feet and pulled out of a deal on a perfectly good house. But thanks to the assumptions home buyers make about older listings in busy markets, the delay can cause the price to come down.

There are just more of these in market. The number of homes in market is shrinking but still there are 8.3 % more fixer-upper among them than there were six years ago. If you are dead-set against a fixer-upper to be prepared to move quickly then there is only ever going to be a couple of options at a time. And when new listings come up it’s going to be pretty ferocious.

GET TO KNOW THE NEIGHBORHOOD: The plus point of competitive market it gives you temptation to make an offer on any available property that fits your criteria but if it’s in the wrong neighborhood, you may never want to purchase the house. It is better to take some time and do community scouting before making an offer. You can even find out what your future neighbors have to say about the area by communicating with them.

MAKE THE STRONGEST OFFER: To stay in the market make the strongest offer, even your offer is not the highest because now is not the time for low ball-offer. No doubt, coming up with cash offer could be tough for many home buyers but there are some ways to make a strong offer that don’t require gobs of money. Substantial eventualities like a shorter closing or inspection period and writing a great offer letter can help make your offer stand out.

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What You Can Expect From A Luxury Home

Most people define luxury majorly in terms of price but there is so much more to luxury than just the amount of money you spend. It is very hard to define luxury homes in an exact way because this is something made up of several factors. If you are looking for a posh home to buy, there are some general qualities expected within it and they are what together create the luxury that is the home. Below are some of the features that such homes tend to have in common.

Prime location

Luxury homes tend to in coveted locations like on the beach or overlooking a sea for that matter. Others are in secluded mountainous areas or atop one while others may be overlooking a beautiful city. It all depends on whether you wish to have your home in the city or the country but generally they will be prime located attracting high end buyers for that reason.

High price

Like mentioned earlier price does interpret luxury and most homes under this category will be highly priced. Different areas attract different prices but you cannot expect to pay anything lower than half a million when looking for a luxurious home to and the prices can go way up into tens of millions depending on the magnitude of the property.

Exquisite amenities

Luxury home carry the most exquisite amenities in that you can conduct your life right from your home without needing other services out of it. Most will have a gym, spa, swimming pool, Jacuzzis, arcade rooms, movie theaters and even decontamination rooms. Some luxury homes come with outrageous amenities and they are what attract the buyers because they make the property unique, self-sufficient and convenient in every sense. They are some of the factors commanding prices apart from location.

Premier quality

Luxury homes have everything selected with care from the appliances, finishes, design and even materials used for construction and décor. They are all cut above standards so you the buyer can have something to pride yourself in. Hardwoods, marbles, crystals and Venetian plasters among others are common components in the homes.

Exclusivity

High end buyers including high profile individuals and celebrities treat their homes as serene refuges hence privacy is given center stage in luxury homes. If the home is not located in a secluded land large in size, then privacy will be achieved using foliage covers, high walls and tightly gated entrances sometimes complete with guards to keep the peace.

Luxury homes without doubt have so much to offer to buyers; as long as you can buy it, you can enjoy it. Some buyers actually look for homes that have interesting stories or histories behind them to give them that edge that everyone yearns for. Whatever the choice you make, you can definitely expect much more from a luxury property than a standard normal home. The choices are numerous so finding your ideal luxury home should not be too much of a task.

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Advantages and Disadvantages to an MLS Search

MLS searches (or Multiple Listings Service) are based off the principle; „Help me sell my inventory and I’ll help you sell yours.“ It is a unique concept, though one not many other industries use. Real estate brokers acknowledge the advancements in technology once MLS searches became popular, and are willing to present the advantages and disadvantages of MLS queries to interested parties. The decision of utilizing this service is ultimately up to the potential buyer.

No For Sale By Owner (FSBO) Options

One of the big disadvantages to MLS searches is they do not include homes sold by the owner, unless the seller has negotiated a certain percentage of the commission to the realtors. If interested in FSBO’s, the buyer must search potential neighborhoods for FSBO signs and negotiate a price within their range. If the buyer does not know much about negotiating prices, or how much homes are worth, MLS queries still provide some contribution for comparison purposes. If excessive research is undesirable to the buyer, then MLS queries provide another benefit.

Less Research for the Buyer

Buying a home might already be considered a stressful process for some. MLS searches can cut down on some of that stress because it reduces the research the buyer must conduct. There are already so many other aspects a buyer must remember to look into, including the community, crime rate, demographics, school districts, job outlooks, among others. MLS queries place hundreds of homes from the participating brokers into one database, with hundreds of fields with which to search the properties. Knowledgeable brokers with years of experience determine these popular search fields; whereas if the buyer conducts the research by himself or herself, he or she may question whether the information they find is accurate.

The Internet Outdates MLS Queries

The younger generation might claim the Internet is called the „Information Highway“ for a reason. While it is true certain states have their MLS queries readily available on the Internet, not all states have this accessibility. It is also important to consider that information researched on one’s own time might not be as accurate as the MLS searches provided by real estate brokers.

A Trusting Community

As mentioned earlier, all MLS queries are based off the „You scratch my back, and I’ll scratch yours“ premise. In other words, there are no hidden agendas. All brokers participating in MLS queries are trying to provide the buyer with the greatest number of options. They keep the buyer’s requirements in mind and try to create satisfactory customers.

Ultimately, the decision to use MLS searches or to conduct the research on one’s own is up to the potential buyer.

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Choosing the Right Home Builder For Your New Home

Not every person likes to buy an existing home when shopping for that dream spot on earth. For those who want to be the first one living in that new home, a home builder will pose the first obstacle in the building project.

In order to choose just the right builder for your project, you will first need to decide which type of house you will want to have constructed. There are two types of builders. The production builder and the custom builder.

The Production Home Builder

The production home is one that is designed on a large scale and mass produced as a „model“. These models are often changed up a bit with available customizations and upgrades to the home. These upgrades are offered as part of a package added onto a base model home.

Production homes are often offered at a base price with additional costs being added to the final price for those last minute touches. When choosing a production home builder, it is best to buy the home as a package with all of the appliances and upgrades included. Adding these items individually can drive the price up higher than the market value may allow; leaving the owner with immediate negative equity in the home.

The Custom Builder

For the potential home owner who wants to build a home from scratch, a custom home builder will be able to help you along the process of planning the home and attaining all of the permits needed for the build. The potential home owner will have to purchase a plot of land, have the land surveyed and choose a set of plans for their home.

When choosing custom plans for a home, remember that these plans are only a guide. A custom home builder will be able to adjust the plans to your specifications before the final plans for the home are set in stone.

As the home progresses, the extra costs associated with incidentals will need to be taken into consideration when pricing the home and staying within budget.

Real estate is an investment and while many people love the immediate nature of buying an established home, for those who want to own a home of their own that is customized to their wants and needs of a builder is one of the best options.

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Houses For Sale in Jamaica – Transfer Tax and Stamp Duty

The transfer tax and stamp duty are fees that are attached to your cost when you are involved in a transaction for houses for sale in Jamaica is usually at a percentage value of the land. Normally the value is in line with the sale price.

The transfer act states that transfer tax is 7.5%. There is a relief an amount of $10,000.00 relief where the value of the land is $150,000.00 or less. The type of home does not matter. It is usually a misconception that Jamaica beachfront houses for sale attract a much higher transfer. This is simply not true. However there are some exemptions to these Jamaican property taxes.

Exemptions

1. Transfers of property by Jamaican Government and Local Authorities.

2. Transfers to government or Local Authorities of Jamaican land for purposes such as roadways and other reservations in sub-divisions.

3. Transfers by way of gifts to approved institutions of property to be used exclusively for charitable purposes.

4. The Principal place of dwelling of spouses (Joint Tenancy or Tenancy in Common) In the event of death only.

Stamp Duty – Payment of Stamp Duty is governed by the Stamp Duty Act. The stamp duty payable on land is approximately 5.5% of the full value of the land/dwelling.

Certification of title:

Once a property is registered it is given identification by way of Volume and Folio numbers in the Register Book of Titles. The original Title is kept at the Office of Titles and entries are made thereon whenever something affecting any interest in the land is brought to the attention of the Registrar of Titles. For example, a transfer, a mortgage, death of a part owner, grants of easement and so on. This is standard for all houses for sale in Jamaica.

The land owner gets the duplicate Certificate of Title on Registration. Duplicate Certificate of Title has to be submitted to the Registrar for endorsement of all transactions affecting the land.

The Conveyance or Transfer of Houses In Jamaica For Sale Exercise

This normally begins either between seller (vendor) and buyer (purchaser) or between either one of the aforementioned parties and a Jamaica real estate dealer or Jamaica property agent. Purchaser or an attorney should inspect the Duplicate Certificate of Title. This is vital as some homes in Jamaica for sale come without sale agreements and hence no transfer might have taken place. A title proves exactly who the owner of the land is.

The usual form of Purchase and Sale Agreement sets out inter alia:-

(1) The legal names, registered address and gainful occupation of the contracting parties.

(2) Full description of the house in Jamaica for sale – including size or actual dimensions, registered location, and the identifying folio and volume numbers of the Certificate of Title, in the case of both registered Jamaican buildings and land. In the case of land with a Common Law Title, the size, description, boundaries and other relevant details.

(3) Purchase Price – in words and figures to avoid mistakes and misunderstandings.

(4) Completion – the effective date when the final payment for transaction is anticipated to be collected and the full sale completed, that is, transfer effected, cheque and titles exchanged.

(5) Cost of transfer – unless otherwise agreed, this usually states that each party should bear half the cost of Stamp Duty, Registration Fee and Attorneys Costs.

Payment of Jamaica real estate agents commission – paid on the Completion of the transfer of title and the closing of the transaction.

Fees on sale and purchase of land

1. Transfer tax – 7.5% of market value (Vendor only)

2. Stamp duty – approximately 5.5% of Market Value

3. Registration fee – Approximately 2% of Market Value (or $2.00 per 1,000)

4. Attorney’s costs – As per Scale – Jamaican Bar Association (effective 1st June 1991)

5. Surveyors Identification Fees:

(i) Values up to $500,000.00 = $1,500.00, thereafter, 0.1% up to 1 million, thereafter, $1,000 per million. Plus Research and Title fee/charge of $400.00.

(ii) Properties in excess of 1 acre or Irregular Boundaries a traversing fee is added. Fee depends on length of traverse.

(iii) If land is outside the corporate area $6.00 per mile.

6. Valuation Fees:

Kingston Jamaica Corporate Area

Corporate Area: Cost $3.00 per 1000 of the market value and $150.00 for travelling and incidental expenses. Minimum fee of $1,000.00 plus travelling and incidentals $1,150.00

Outside Corporate Area – (Beyond 15 miles from Kingston Jamaica) 3.50 per 1,000 of the market value plus travelling @ $3.50 per mile minimum fee of $1,500.00 plus travelling.

7. Mortgage Costs: (Building Societies)

(1) 1% application fee (Saver)

(2) 2% application fee (non Saver)

(3) Life Insurance – amount differs according to age.

NB. No longer will Compulsory Society take an assignment of Existing Policy.

(4) Mortgage Indemnity: 7% of sum being Insured applies when Mortgage in excess of the standard two thirds – 90% Mortgage.

(5) Stamp duty on Mortgage

(6) Registration Fees on the Mortgage

(7) Attorneys Costs

(8) Valuation Fee

(9) Surveyors Identification

(10) First Month Mortgage Payment

Mortgages: – $1.00 per 200 x 25% or 0.65%

These outline all the costs associated with buying houses for sale in Jamaica. It is important that both the vendor and purchaser understand the fees associated with this Jamaica real estate transaction.

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