Real estate monitor

Industrial Property

admin — Sat, 07 Mar 2009 12:34:49 +0000

Industrial proprieties are involved in manufacturing and general industrial uses. This category would include the following properties

Utility plants
Warehouses
Factories
Railroad yards

Agricultural Property

admin — Sat, 07 Mar 2009 12:33:56 +0000

Farm properties are the most recognized form of agricultural properties. However, this category ca also include aquaculture facilities, timber supply forests, grazing lands and ranches.

Government Property

admin — Sat, 07 Mar 2009 12:33:04 +0000

Properties belonging to the government or similar authority constitute a majority of the available real estate in the country. These properties include the following, to name a few:

Federal buildings
State buildings
County properties
City and municipal properties
Schools
Public hospitalities and libraries
Military bases
Public thoroughways
Parks and forests

Commercial Property

admin — Sat, 07 Mar 2009 12:32:09 +0000

As the name implies, commercial property are all properties involved with commerce. Most commercial properties fall into the following categories:

Apartments. Residential apartment buildings with five or more units are often treated as commercial property. For more information, see the “Investing in Apartment Buildings” article.

Retail properties. Shopping centers, strip malls and storefronts are some of the visible examples of residential properties. For more information, see the “Investing in Retail Properties” article.

Office. Buildings and complexes dedicated to offices and professional services are commercial properties. For more information, see the “Investing in Office Buildings” article.

Entertainent and hospitality. Movie theaters, restaurants, hotels and resorts are all types of commercial properties geared toward the entertainment and vacation industry. For more information, see the “Investing in Hospitality and Entertainment Properties” and “Investing in Golf Courses” articles.

Residential Property

admin — Sat, 07 Mar 2009 12:30:09 +0000

Residential properties are real estate constructed and used as homes and dwellings. Interestingly, the residential mortgage market has created a more limiting definition of acceptable residential properties. Standard residential loans deal with exclusively residential housing in the “conforming” sense. Conforming programs define residential properties as having 1-4 units, with all of the units zoned and occupied for residential usage. This definition obviously excludes apartment buildings with fve or more units, as well as mixed-use properties, such as three-flats with a store front or office on the first floor. These properies are treated like commercial properties.
The specific property type has a major impact on loan amounts, pricing, terms, loan-to-value (LTV) limits and program restrictions. With each mortgage application, loan officers, processors and underwriters must confirm that the requirements for the specific property type are satisfied. Loan underwriting will typically revolve around five possible issues:

Occupancy. Owner-occupied, second home or non-owner-occupied.
Number of units. Single-family, two-unit, three-unit or four-unit.
Community structure. Condominiums, townhouses, cooperatives and PUDs.
Condition. Structural, mechanical and functional stability.
Zoning. Conforming or non-conforming. Urban, suburban or rural.

Property Types

admin — Sat, 07 Mar 2009 12:28:31 +0000

All lenders limit the types of property they will finance with a mortgage loan. Even the menu of programs that a single lender will offer will have a varying property requirements from program to program. Because of the intricacy of real estate, property obstacles may exist that make it difficult to obtain mortgage financing for many properties, including homes.
From the mortgage lenders point of view, real estate tend to fall into the following general categories:

Here you can get to know what different property types consist of and what their nature is. Just click the appropriate link.