Monthly Archives:November 2016

  • Estates is a Real Estate Company that Deals in Properties in San Diego

    When one pictures his dream home, he would naturally think of a house have every bit of comfort and peace and surrounded by an environment that meets his requirements. You can barely define what a typical home can be like, but it should at least be a place where your mind and body can relax itself. It should make you say ‘Home Sweet Home’. Be it large or medium or even small, the atmosphere inside your house should help you calm yourself. At present, you can find innumerable real-estate companies. Most of them promise world class services. But reliability is a strong factor that makes the choice of a company difficult.

    San Diego, one of the most important commercial centres of the world, is a place known for its economical viabilities. It is also the second biggest city in the State of California in the United States of America. Moreover the climate is very refreshing and comforting. Thus San Diego homes for sale are obviously in demand. 7 estates is a real-estate company that provides you San Diego homes that are for sale and houses rent San Diego County. The locations of these homes are very aesthetic. The natural beauty surrounding these homes can grab anyone’s attention. The houses are studded with high quality and luxurious comforts. All these features bring to mind a price that is beyond the reach of most. However the actual price is astonishingly lower.

    San Diego is rapidly growing into a well-developed city. Highly developed infrastructure and a location craved by many over the world, San Diego homes for sale and sale houses San Diego have a really high demand. Thus it is necessary in every respect to find a genuine property that does not come with a jaw dropping price. Search San Diego MLS listings is the method of selecting your desirable property, purchasing it, or selling it. The web-site classifies the properties as Basic, Advanced or map on the basis of floor area, no. and size of bedrooms, bathrooms etc.

    Both the buyer and the seller are provided with all the necessary information by Houses rent San Diego County, with a small price that is required during the transaction. They also employ short sale specialists who guide and advice owners in matters of short sale of properties and against any kind of foreclosure. This kind of a situation usually occurs when the lender is of little help when the owner’s property has been undervalued. 7 estates keep in mind the needs and demands of each and every of its clients individually. 7 estates employ hardcore negotiators who make the situation of San Diego foreclosure homes for sale simpler and less complicated. The entire process remains confidential. 7 estates also manage San Diego Investment properties for sale and Townhomes and condos for sale. The site is also very helpful to clients who wish to relocate to San Diego. The site provides very detailed San Diego County relocation information. So if you want that dream home in San Diego, you know whom to rely upon.

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  • Crabtree Property Management 10 6 Seddons Solicitors

    On a cold Monday night in January Crabtree Property and Seddons kicked off a charity encounter that marked an end to over two years of non-competitive football for the Finchley based firm. The proceeds of sponsorship for the match would go towards victims of Hiati earthquake appeal with players from both sides also making donations.

    After a late kick off it was Seddons who came out guns blazing. A couple of stray passes from the home side allowed the Seddons to penetrate the backline, with Mark Standing hammering home the second of two early goals for the visitors. Crabtree stuck at it however and began to step up their game accordingly.

    In the period that followed Joe Mallon pulled back a goal for Crabtree after some good interplay from John Osborn and George Georgiou led to a scrappy goal-mouth scramble with Mallon nutmegging the oncoming keeper. Substitute Bobby Shah levelled for the home side soon afterwards with an audacious lunge in the penalty area. More goals from Nadeem Ghous-Chaudary and Joe Mallon followed before Seddons pulled it back to 4-3.

    The game was won at this stage with Luke Cunningham and Andy Soteriou suring up the Crabtree defence and picking out passes for playmaker George Georgiou and warrior John Osborn to feed attack after attack. Cunningham continued to organise the defensive ranks throughout the tie with iron grit. Throughout the game Goalkeeper Rob Robertson had complete command of his penalty area, bravely going to ground on a number of occasions and pulling off a string of impressive saves.

    Mike Babb was on form for Crabtree, scoring a hat-trick overall, the pick of the bunch coming in the latter stages of the first half. More excellent interplay from Cunningham and Georgiou allowed Babb to finish with a trademark top corner emphatic finish from just outside the box. Crabtree finished the first half in form and in control of the game, leading by seven goals to three.

    In the second half Seddons tightened up their defences and made things more difficult for the home side. Mark Standing was a handful and broke the backline to score twice more while Daniel Robins worked tirelessly for the visitors.

    It was to be Crabtrees night however with Nadeem (The Flaming Goose) Ghous-Chaudary completing his hat-trick and Bobby Shah finding the net again for a double. A late consolation for the visitors was testament to their fighting spirit and all ended on positive note with good sportsmanship all round.

    Crabtree Team: Rob Robertson, Andy Soteriou, George Georgiou, Luke Cunningham, Bobby Shah, Mike Babb, Nadeem Ghous-Chaudary, Joe Mallon, John Osborn

    Man of The Match: Luke Cunningham

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  • A New Condominium Living in Luxury

    makati condo in Makati City or those high-rising condominiums found in Ortigas Center, Pasig City or in other business and commercial districts in the Philippines?

    Living in Luxury According to many condominium residents, living in a condominium such as those found in business and commercial districts offers some of the best luxuries that many modern Filipinos are looking for. One of which is its accessibility to central workplaces as well as popular entertainment districts of the Philippines.

    Because of its location, which is found in the heart of some of the busiest business and commercial districts in the country, residents can enjoy a luxury of living within walking distance from their workplaces, allowing them to avoid the usual hassles of rush hour. And because of its location, residents can also easily access popular -hang-out- places around the district such as malls and other popular entertainment areas.

    According to many of its residents, though living in one of the busiest districts of the Philippines, these types of housing can still offer the privacy and peace that every Filipino deserve with their home. Another luxury is the view from their own windows of the whole city, particularly at night. These are some of reasons why condominiums, such as the many makati condo, became popular and modern among many Filipinos.

    However, other than the luxury of its location, condominium residents have also experienced the luxury of living in one of the most highly maintained and secured housing in the Philippines. This is because condominiums usually have their own maintenance and security personnel.

    Its maintenance personnel are usually tasked in maintaining all facilities found in the condominium, while its security personnel assures the safety of all their residents in their compound.

    But there are several disadvantages of living in a condominium, in which many Filipino families found these types of housing unsuitable for their growing children. Although many condominiums in the city, such as the many makati condo, can offer a condominium unit which can accommodate a family, these normally lack the facilities that can accommodate their growing children’s needs.

    Because of this, a number of new condominiums were established to offer family-oriented environment for a growing Filipino family. These new types of condominiums are known as condominium complexes.

    A New Condominium Condominium complexes are normally found in the outskirts or even in the provinces. Because of its location, condominium complexes became popular for its peaceful environment as well as wide open spaces, making it a suitable type of housing for Filipino families. However, what made these types of housing more popular is because of its amenities including swimming pools, gyms, recreational parks, and playgrounds. “>What is it like living in a condominium unit found in the city, such as those makati condo in Makati City or those high-rising condominiums found in Ortigas Center, Pasig City or in other business and commercial districts in the Philippines?

    Living in Luxury According to many condominium residents, living in a condominium such as those found in business and commercial districts offers some of the best luxuries that many modern Filipinos are looking for. One of which is its accessibility to central workplaces as well as popular entertainment districts of the Philippines.

    Because of its location, which is found in the heart of some of the busiest business and commercial districts in the country, residents can enjoy a luxury of living within walking distance from their workplaces, allowing them to avoid the usual hassles of rush hour. And because of its location, residents can also easily access popular -hang-out- places around the district such as malls and other popular entertainment areas.

    According to many of its residents, though living in one of the busiest districts of the Philippines, these types of housing can still offer the privacy and peace that every Filipino deserve with their home. Another luxury is the view from their own windows of the whole city, particularly at night. These are some of reasons why condominiums, such as the many makati condo, became popular and modern among many Filipinos.

    However, other than the luxury of its location, condominium residents have also experienced the luxury of living in one of the most highly maintained and secured housing in the Philippines. This is because condominiums usually have their own maintenance and security personnel.

    Its maintenance personnel are usually tasked in maintaining all facilities found in the condominium, while its security personnel assures the safety of all their residents in their compound.

    But there are several disadvantages of living in a condominium, in which many Filipino families found these types of housing unsuitable for their growing children. Although many condominiums in the city, such as the many makati condo, can offer a condominium unit which can accommodate a family, these normally lack the facilities that can accommodate their growing children’s needs.

    Because of this, a number of new condominiums were established to offer family-oriented environment for a growing Filipino family. These new types of condominiums are known as condominium complexes.

    A New Condominium Condominium complexes are normally found in the outskirts or even in the provinces. Because of its location, condominium complexes became popular for its peaceful environment as well as wide open spaces, making it a suitable type of housing for Filipino families. However, what made these types of housing more popular is because of its amenities including swimming pools, gyms, recreational parks, and playgrounds.

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  • Identifying And Avoiding Mortgage Fraud

    Recent financial industry distress publicly attributed to widespread mortgage loan defaults has generated mounting pressure on federal prosecutors to increase investigations into incidents of mortgage fraud across the nation. On February 6, 2004, CNN reported that the FBI warned that mortgage fraud was becoming so rampant that the resulting epidemic of fraud could trigger a massive financial crisis. Mortgage fraud has now become so prevalent that the United States Department of Justice and the Federal Bureau of Investigation have been forced to create an entirely new category for tracking these cases. According to a CBS news report, the number of FBI agents assigned to mortgage related crimes increased by 50 percent from 2007 to 2008. Prosecutors and investigators on both the state and local levels are also feverishly organizing task forces and creating real estate fraud departments to counter this burgeoning wave of crime.

    CRIME & PUNISHMENT

    The primary focus of these investigations appears to be on borrowers, investors, mortgage brokers, appraisers and real estate agents. Some of the charges levied against these perpetrators have included making false statements on loan applications, bank fraud, mail fraud, wire fraud, conspiracy to launder funds and a number of applicable state laws. However, the primary legal vehicle implemented by federal prosecutors has been section 1014 of Title 18 of the United States Code which declares mortgage fraud as a federal crime encompassing anyone who willfully overvalues any land or property, or knowingly makes any false statement, for the purpose of influencing a financial institution upon a loan application, purchase agreement or other related documents. A violation of the federal mortgage fraud law (18 U.S.C. 1014) alone is punishable by up to thirty years imprisonment and a one million dollar fine.

    MORTGAGE FRAUD SCHEMES

    The most effective way to avoid prosecution for mortgage fraud is to identify mortgage fraud schemes prior to any actual involvement. Most mortgage fraud offenses fall into one of two general categories: fraud for housing and fraud for profit. Fraud for housing often involves fraudulent acts committed by a borrower, often coached by his or her mortgage broker or real estate agent, to obtain a loan for the ultimate goal of acquiring a home. These fraudulent facts generally pertain to the falsification of facts and documents during the loan application process to enable the borrower to obtain financing that he or she would otherwise not be qualified to receive. Conversely, fraud for profit typically involves a more concerted plan to abuse the entire real estate transactional process for pecuniary gain.

    FRAUD FOR HOUSING

    Income Fraud

    This occurs when a borrower inflates his or her amount of income to qualify for a loan or a larger loan amount. Although recent reductions in the use of stated income or no-doc liar loans has somewhat curbed income fraud, daring borrowers are increasingly generating more fraudulent documents to falsify income. Information technology and photocopy equipment have become so advanced that very convincing documentation, such as income statements, savings accounts and tax returns, can be produced on demand.

    Employment Fraud

    In order to justify overstated income in a loan application, borrowers will claim self-employment in a non-existent company or represent having a higher position in a company than the borrower actually holds.

    Failure to Disclose Liabilities

    The debt-to-income ratio is an important part of the loan underwriting criteria used to determine a borrowers eligibility for mortgage loans. Consequently, borrowers will conceal financial obligations like newly acquired credit card debt, other mortgages, and private loans to artificially reduce their debt-to-income ratios.

    Occupancy Fraud

    Generally occurs when a borrower states on a loan application that he or she intends to occupy a property as a primary residence to secure a lower interest rate when the borrower actually intends to obtain the loan to acquire an investment property.

    FRAUD FOR PROFIT

    Equity Skimming and Cash-Back Schemes

    A straw buyer is typically implemented as the buyer of the property due to his or her creditworthiness and resulting ability to obtain favorable financing. Unknowing straw buyers can be manipulated by mortgage brokers and real estate agents to purchase a property as a primary residence with the broker or agent later serving as a property manager to collect anticipated rental income. After the escrow closes and the mortgage and real estate brokers collect their commissions, they proceed to collect rental income and fail to make the mortgage payments.

    Complex schemes can involve a knowing straw buyer, an appraiser who intentionally overstates the propertys value, a dishonest seller that intentionally inflates the selling price, and a dishonest settlement officer that makes undisclosed disbursements from the loan proceeds. All of these conspirators collaborate to collect portions of the proceeds of an inappropriately large loan before eventually letting it go into default.

    Appraisal Fraud or Price Inflation

    This fraud occurs when a dishonest appraiser intentionally overstates the value of a property or when an existing appraisal is altered to reflect a higher value. When a home is overvalued, more money can be obtained by the seller in a purchase transaction or by the borrower in a cash-out refinance.

    The New Appraisal Fraud: Price Deflation

    When done legitimately, a short sale occurs when a borrower that owes more than his or her property is worth sells the property below market value and the lender agrees to accept the lower repayment amount and forgive the difference. A new hybrid of fraud has emerged where an appraiser or a real estate agent drastically devalues the property in an appraisal or brokers price opinion (BPO) so that the home will sell with ease at a price well below market value. Of course the new buyer is in collaboration with the seller, agent and appraiser, so all of the conspirators proceed to sell the home at a higher price for a big profit.

    Identity Theft

    Identity theft fraud occurs when a victims identity is assumed by another to obtain a mortgage without ever intending to make any payments on the loan. The perpetrators often abscond with a portion of the loan proceeds and sometimes are daring enough to lease the property and collect some deposits and rental income before disappearing.

    The Buy and Bail

    This completely new scheme is perpetrated by a home owner who cannot sell the home because more is owed on the property than its worth. Because no lender will provide the owner a loan for a second primary residence, the owner tells the lender that he or she plans to rent out the current home despite having no intention of doing so. Sometimes a falsified rental agreement is used to further support the falsehood. Once the second home is purchased, the owner bails on the original home and fails to make any further mortgage payments.

    AVOIDING & PREVENTING FRAUD

    Mortgage fraud frequently emanates from groups that complete an abnormal amount of similar transactions or churn out many offers to purchase at once. These outfits may appear disorganized or unprofessional due to the large amount of transactions they are attempting to manage. It is also no coincidence that mortgage fraud has significantly increased as housing values have decreased since most fraud schemes involve a financially distressed or otherwise vulnerable seller. It is equally important to remember that agents owe a very strict fiduciary duty to act in their clients best interests. So before reporting a client to your local authorities, speak with legal counsel or your state real estate licensing department to ensure that your proposed actions dont constitute a breach of your fiduciary duty to your client.

    Real estate agents are in a unique position that enables them to identify and even prevent the occurrence of fraud by recognizing the red flags, asking appropriate questions, and giving the principals in their transactions the full picture of what consequences are associated with participating in mortgage fraud. While a lot of damage has been done in the real estate market, we can prevent more of the same from occurring in the future.

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  • Contract a reliable firm for getting mortgage surety bond service

    A surety bond a promise or a written agreement that provided by a financial organization when it comes to principal fails in their promises. Moreover, it is considered as a type of insurance that created when one party guarantees an obligation by another party. Usually, three parties are involved in this Surety ship agreement. If you are looking for surety bond, then you can contact a reliable service provider. Presently, many leading companies available to cater all sorts of your needs beyond your expectation.

    In order to find the best company, you can take the assistance of online browsing option. Moreover, there is one of the most credible service providers, specialize in facilitating bonds to individual and businesses throughout the United States. If you want to know about which type of bond your need, then you can contact them at toll free no. that is 1-888-490-BOND (2663). Their member will give you quick response. The company has well-trained and skilled professionals that provide you appropriate solutions to ensure your business practices that are well established.

    They strive to provide the best possible California surety bond to their clients. They are recognized as the most trusted name in this domain. The agency is helping many clients in providing multiple lines of services for both problem credit applicants and standard. They are continuously focused to maintain the highest level of customer service. The agency insurance and solicits bond business from all licensed insurance agents. Their market efforts are directly related to the professional associations, direct mail, trade journals and independent insurance agency.

    Whether, you are looking for mortgage surety bond, auto dealer, seller, school, contractor, sale tax among many others, you can contact them. The company provides hundreds of different types of services. If you do not qualify for mortgage broker bonding, the company access to No Credit, Bad Credit programs and problem Bruised Credit. School bond helps to protect the statutory rights and contractual. You will be provided be common types of services such as: – Private Career School, Post Secondary School and Occupational School. All their services are available at the cost-effective prices. If you have any queries, you can contact them anytime. The company provides various types of bond service that keep you away from your problems. Moreover, their service issued to sellers of travel that required by state, Federal and local Law. Just click their website to know more about the company.

    Hi friends- If you get more information about -www.probondins.com- so please check out these links: – mortgage surety bond.

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  • Clean Image Corporation Bring Your Building To Life

    If you are running a huge commercial complex, keeping the building clean often becomes a huge headache. The Clean Image Corporation (CIC) offers complete solutions for janitorial services and other cleaning needs in office complexes, healthcare facilities and other commercial buildings in and around Miami. It has a bunch of customized services from concierge staffing to technical support along with usual janitorial operations designed for all types of buildings. It also offers other professional maintenance services like accounting, clerical support, staff training and performance development programs etc. CIC has a proven track record of over 15 years in this field and it also has its own quality assurance system to ensure highest level of service.

    Do you own a large office complex or a hospital or any large building that in Miami or anywhere in South Florida? Do you feel that there is a need of better cleaning service in Miami? Or probably even as a visitor in such a building you felt the need of better janitorial services in Miami! This is not an unusual phenomenon. Building maintenance is not an easy job and in many a times you feel that the job has not been adequately done by the service providers.

    The Clean Image Corporation (CIC) has been providing janitorial services to several of Miami as well as entire South Floridas most prominent health care facilities, Class A office buildings, and luxury condominiums since 1993. The foundation, vision, and philosophy of CIC make it a strong and reliable partner for any sprawling edifice looking for cleaning services in Miami.

    As an owner of huge commercial complex, you must have noticed how difficult it is to maintain a clean and hygienic atmosphere in your building. It is more difficult in case of commercial complexes as opposed to residential ones as every day thousands of people visit such places for their respective purposes. Many of them have to use the bathrooms or other services and so there is needs to be round the clock inspection and maintenance facility in such buildings. Only an experienced cleaning service provider with a proven track record can help you can help you with your need.

    CIC offers customized building maintenance in Miami and nearby locations. Apart from usual hospitality services like cleaning services and personnel staffing support, it has different packages designed for hospitals as well as commercial buildings. Services to these Healthcare facilities and commercial complexes include concierge staffing, environmental services & management, ground services, hospitality aids, IT technical support, janitorial services, JCAHO E.O.C. compliance assistance, per – diem staffing, plant operations & management and resilient & marble floor-care services etc.

    It also offers an array of professional services to the clients. They include accounting services, administrated support, clerical support, employee development coaching, employee satisfaction programs, logistics assessment, management coaching, patient satisfaction, performance improvement programs, policies & procedure development, productivity assessment and service excellence program development & monitoring etc.

    CIC also has its own quality assurance measures. In fact it formed the Services Quality Assurance Team (SQAT) in 2003 to make sure that the high level of standard that was acquired by CIC does not degrade over time. SQAT ensures that you receive only quality services. So if you are looking for better office cleaning services in Miami, you can simply put an inquiry in the CIC website. It wont take long before your building jumps back to life.

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  • Lose 10kg In First Month Using Low Fat Diet Menu

    If you will strictly follow the rules of this low fat diet menu, you can get rid of 10 kg per first month.

    Low fat diet menu rules:
    1. Set a regime and try to eat always at the same time.
    2. It is necessary to drink full glass of water before each meal. Being on this diet during the day you need to drink much more than on the normal diet. Drink when you want to eat (for the first two weeks it will be really hard).
    3. Make sure to drink some good vitamin-mineral complex and eat more apples.

    Products that should form the basis of your diet:
    – Still mineral water,
    – Any juices,
    – Boiled eggs,
    – Boiled meat or chicken,
    – Low fat cheese,
    – Different fruits,
    – All vegetables (excluding potatoes),
    – Buckwheat or rice.

    Prohibited products:
    – Salt,
    – All bakery and confectionery products,
    – Oil (any),
    – Different fried and smoked meat,
    – Wine and beer,
    – Sugar and sweets,
    – Fatty dairy products above 1.5%
    – Spices like ketchup, horseradish and mustard,
    – Nuts and chips.

    Sample of Low fat diet menu

    Breakfast
    100 grams of fat-free yogurt, boiled egg (2-3 times a week), any two fruit, 5-6 pc.
    A glass of juice or tea, or coffee (no sugar and cream).

    Lunch
    Take a plate of medium size; place all products on the dish (should be full).
    Canned peas or corn, boiled chicken or meat 100 grams (up to 3 times a week). Instead of peas and corn it can be any raw vegetables or stewed mixture of vegetables. Any fruit and juice.

    Dinner
    Any of the above vegetables or boiled cauliflower, a bit of rice or buckwheat, left from the breakfast yogurt and apple or pear juice.

    If you will manage to spend one month on low fat diet plan you will see a new you without 10 kg. It will be really hard for the first 2 weeks but after that it will be easier.

    Dont forget to consult your doctor before applying any of these daily diet plans.

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  • Affirmative Defenses to Foreclosure Lawsuits in Florida

    Below the Florida Rules of Municipal Procedure, a plaintiff trying to get a judgment of foreclosure is required to attach a copy in the Note to its complaint. A Florida home owner who is served using a foreclosure complaint without a a copy with the Note should assert this being a defense. This may stop the foreclosure action until the lender can supply a copy in the note. In home foreclosure actions, any delay in the proceedings can be beneficial given it gives the homeowner a further opportunity to find alternatives to foreclosure, including a quick sale or loan change.

    In virtually all circumstances, it is necessary for a homeowner to file an alternative when served with some sort of foreclosure summons and complaint. Failing to answer a foreclosure complaint may trigger the forfeiture of the legal defenses that are described above.
    .
    As an FHA approved the property market appraiser, I am particularly considering serving retirees and the elderly. As a Central Florida native that’s now into my 60s myself, I understand what both baby boomers and retirees have in mind by way of real-estate. What concerns me however are most of the terms lenders are providing the unsuspecting elderly on reverse mortgages, wherein they basically signal away their homes to live on in their other years.

    Don’t get me wrong, a reverse mortgage can be a useful means by which to finance your last years, but take the precautions to learn the contract thoroughly and get your home assessed accurately lest you deplete the maximum amount of money you could easily get from that reverse house loan.

    Retirement towns throughout Central Florida like: The Villages, The Plantation in Leesburg, Kings Form in Clermont, Royal Highlands in Leesburg, Highland Lakes, and Legacy of Leesburg are becoming increasingly predominant throughout the market.

    One thing these communities are doing heavily is reverse mortgage loans and refinancing. The department of Homes and Urban Development (HUD) has some extremely helpful information about reverse mortgage loans, which retirees and seniors would do well to take into account. Get an honest together with fair market value appraisal of your home before you allow a lender to position a reverse mortgage into it and deplete your life savings.

    As per HUD, reverse mortgages increasingly becoming popular in America. Reverse mortgages really are a special type of home loan that lets a home owner convert the equity with his/her home into bucks. They can give older Americans greater financial protection to supplement social security, meet unexpected medical expenses, make home improvements, plus more.

    If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information freely due to HUD.

    Reverse mortgages increasingly becoming popular in America. HUD’s Federal Housing Supervision (FHA) created one of many first. The Home Equity Conversion Mortgage (HECM) is usually FHA’s reverse mortgage program which allows you to withdraw some of the equity in your home. The HECM is a safe plan that will give older Americans greater financial security. Many seniors do it to supplement social protection, meet unexpected medical expenses, make home improvements plus more.

    1. What exactly reverse mortgage?

    A reverse mortgage can be a special type of home loan that lets you convert a portion of the equity on your property into cash. florida mortgage rates

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  • Kuppersbusch Makes Global Move

    Kuppersbusch, a kitchen equipment-manufacturing giant, is putting its 300m Dubai showroom and training centre on display in Garhoud. The new opening was an occasion to launch new products such as The Piccolo, which delivers hot air, steaming, combined, baking, low-temperature steaming, low temperature hot-air convection, and combined cooking methods.

    This manufacturer is the first manufacturer of cooking equipment to open its own showroom in Dubai and the Middle East. The company said the training center “will ensure the German standard of maintenance and after sales service.” In an effort to keep its food service equipment’s maintenance in check,

    Kuppersbusch will directly train customers and sales partners at the facility.The 130-year-old company first pierced the regional market via its Dubai and Abu Dhabi branches. Kuppersbusch UAE sales director, Frank Grahmann, said chefs and investors worldwide are attracted to the group’s products, “as it provides complete commercial solutions for refrigeration, preparation, cooking, regeneration, and serving in huge operations”.

    Meanwhile Kuppersbusch Thailand, an affiliate of Teka Group, announced the company sales in first half of the year 2007 at a growth rate of 700%, making it the fastest growing supplier in the high end of the kitchen appliance market.

    Sirin Phinyawatana, Product Manager for Kuppersbusch, an affiliate of Teka Thailand, said, Kuppersbusch only came into the Thai market at the end of 2006 and we have already made significant inroads into the high-end kitchen appliances segment.

    We started in a slow market, with a depressed economy, but have recorded a 700% growth already this year. Sirin said the company was focusing on a wholesale strategy, targetting condominium and unit developments, while at the same time becoming more well known in the retail market.

    Were confident that our strategy, combined with improved political and economic factors will see continued strong growth, she said.

    A key marketing strength of Kuppersbusch is its reputation for after sales service, called promising service in which products can be delivered in a matter of days rather than weeks, because of a vast warehousing complex in Bangkok.

    This gives us a definite edge over the other European premium suppliers in the Thailand market and it is an advantage we intend to build on, said Sirin. Kuppersbusch quality products are imported, by Teka (Thailand). The company launched sales in Thailand in 2006 with 10 products, including ovens, steam ovens, microwaves, cooker hoods, refrigerators, wine coolers, coffee makers, and dish washing machines. Currently, the most popular products in the Thai market are the microwaves and cooker hoods

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  • The Origins Of The Six Percent Real Estate Agent Commission

    The commission paid to the Real Estate agent is a serious amount of money and a concern in any transaction involving the sell of Real Estate. Where did this six percent commission come from?

    The idea of a 6% Real Estate commission being paid to the agent originated during the 1940s when local Real Estate Boards openly engaged in price fixing to establish a standard rate. This process was an out and out case of an unfair practice, but the 1940s was a time when the attention of the country was directed to some serious external matters and the idea took hold and spread quickly through the industry.

    In the early 1950s, the Supreme Court ruled that an established 6% commission was illegal. Rather than open up commissions to a more competitive and free market system, the Real Estate Boards merely shifted gears with a bit of fancy linguistic footwork and began to call the 6% commission the suggested amount. During the 1950s and 1960s, they managed to get away with this practice without much trouble as the majority of real estate agents complied with the suggestion.

    In the 1970s lawsuits brought against the Real Estate Boards effectively put the skids on this practice. The Real Estate agents commissions were opened up to competition without the Boards either being able to mandate or even suggest 6% as the carved into stone rate. However, the rate did not alter very much in the years following these court cases. Although the rate may not have been carved into stone, it was pretty much established in the Real Estate market as a standard.

    Generally, competitive markets benefit consumers. As long as someone is willing to offer a discounted rate, it would seem that the consumer stood to save money. However, the proponents of a standard 6% rate commission point to such things as health care to argue that the standard rate may actually be helping the consumer by holding the commission down to 6% rather than propping it up to that level. Although the cost of health care is not regulated, the general trend has been straight up off the charts.

    Real Estate agents would be quick to point out that if you were to take a close look at just about any service or product being offered or sold in the 1940s, you would find a very serious increase in cost to the consumer. Except for Real Estate commissions which are still right around 6%. The amount being paid to the agents has increased greatly merely because the value of the property being sold has increased. Today, the internet has been responsible for a few chips in the rock of the 6% commission by offering some straight fee or reduced rate services that allow the sellers to list their own properties. The results are still mixed and the 6% commission is still the standard.

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