real estate infos

Archive for October, 2009

Prosper Texas – Then And Now

Prosper began as a settlement in 1846 known for its lush soil and ideal growing conditions for cotton crops. Four years later the two settlements of Rock Hill and Richland were developed and lived side by side until the St. Louis and San Francisco Railroad came through in 1914 and forced them to merge into what is known today as “Prosper”.

The optimistic name choice was not without merit as this community of 500 residents became a market center for area farmers and their plentiful bounty of corn and cotton crops. Even then people knew there was something special about this North Texas area but little did they know Prosper would become the “Diamond” of Collin County between now and 2035.

Today Prosper has come into its own with a population of 7116; adding a resident per day and projecting a future population of 85000 by year 2035. Although it is growing at an alarming rate Prosper has retained much of its small town charm and family values. Residents can relax in a setting far from the sounds of traffic and hustle and bustle of urban living. Yet when the big city calls access to the Metroplex is minutes away via Dallas North Tollway and Highway 380 Preston Road and Central Expressway.

Quick shopping needs are found in downtown Prosper or the Prosper Town Center plus an abundance of choices located at the nearby Stonebriar Center Frisco Park amp; Preston in Plano Legacy Town Center and Shops of Willowbend and The Dallas Galleria. One of the largest retail areas in Collin County will find its home along Hwy. 380 just outside of Prosper in the next few years.

Prosper is 9 miles long and 3 miles deep with Hwy. 380 as a Southern border and extending 9 miles along prime commercial land. The entire city of Prosper was masterplanned with a variety of communities to suit everyone’s needs and lifestyle. Whitley Place borders an extensive greenbelt that winds through the community. Residents can access it via the strategically placed walking paths and parks. Whitley Place also has its own community pool and lake pavilion. Home prices range from the 300s to 1.5 million.

Whispering Farms provides the ultimate setting for horse and nature lovers. This 300 acre planned community boasts oversized lots lakes trails parks and a worldclass equestrian center. Elegant luxury amenity laden homes start from the 500s.

At Lakes of Prosper residents can obtain a home in the 230s with upgraded amenities sports center playground pool splash park and hiking/biking trails.

Schools here are part of the Prosper ISD a recognized district for its excellent schools. With a low studentteacher ratio of 12:1 it’s no wonder Prosper ISD students achieve higher than average scores that state averages. A school population growth of about 700 students during the 20008/09 year has justified the addition of a new school. In August 2009 Prosper ISD will boast one of the most modern High Schools in the State.

Prosper has come a long way since its early beginnings as a farm community but its residents have still maintained a sense of pride in their town and the desire to preserve its historic legacy and small town values.

About the writer:  Get all the facts about homes for sale in McKinney. Using the most advanced technology view the many listings for Sachse TX real estate.

Property Ownership In Chandigarh

The Chandigarh Housing Board CHB has finally decided to change with the times. In a major propeople move it has decided to make property transactions in the city hasslefree by allowing mutual sale and purchase of dwelling units by allottees. Until now the transfer of CHB flats in Chandigarh was based on the general power of attorney a system rife with defects and legal complications.

But all that is now pass with the board of directors of CHB deciding on February 20 to make their flat transfer policy peoplefriendly and transparent. The new move will benefit a substantial number of about 50000 owners/allottees of CHB dwelling units in the city and will change the way property transactions are carried out in the region. Most importantly it will offer relief to people whose properties have been lying blocked for years due to legal wrangles.

The CHB ever since it came into existence in 1971 has been a witness to countless problems posed by GPA transfer policy. Due to stringent laws governing the sale and purchase of residential property in Chandigarh a majority of allottees had resorted to sale through general power of attorney.

Since initially the CHB did not recognise GPA property transaction through this system led to several complications including legal battles between the original allottees and buyers on the one hand and original allottees and the CHB on the other. This often led to blackmailing by allottees or their legal heirs who found it convenient to extract money from interested buyers of residential property. This was besides the hefty premium which buyers paid to allottees/sellers.

The practice naturally allowed property dealers to mushroom and make hay as they negotiated deals between various parties and charged heavily in the guise of completing endless formalities besides charging their commission. The GPA transfer system had bred corruption in the ranks of CHB particularly in publicdealing branches.

Keeping in mind these complication the CHB had in 2001 come out with a policy to regularise GPA sale by fixing charges for the transfer of property by original allottees besides also fixing terms and conditions like clearance of dues retention of original structure of the dwelling unit respect for building bylaws etc. The regularisation of GPA however helped little with buyers of residential units continuing to face harassment.

The new mutual transfer policy will bring buyers and sellers face to face for the first time and eliminate the role of middlemen like property dealers. The move will also end the nexus between property dealers and officials by allowing genuine buyers and sellers to own property in a legal way.

Besides it is expected to bring revenue to Chandigarh Administration as transactions would involve the payment of stamp duty and other prescribed charges. Until now stamp duty worth crores was being evaded in the name of large scale sale and purchase of CHB flats through GPA. The new policy will protect the financial interests of Chandigarh Administration besides being peoplefriendly.

Meanwhile the board had said GPAs taken to date would be acceptable till the time the new policy came into effect. It has added however that people would eventually have to own property on the terms and conditions specified in the mutual transfer policy.

Further in a bid to curb speculation the CHB has categorically said that GPA holders will no longer be eligible to apply for flats in any of its residential project schemes. Residential property say board officials must go to the shelterless people. The board has meanwhile also allowed transfer of residential property in Chandigarh on the basis of one surety. Earlier two sureties were required.

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Points To Remember While Buying A Pre-owned House

Be it a new house or a preowned house one need to be careful and vigilant before finalizing a deal. Preowned houses have negotiable and wide range of price options to choose from. They have established infrastructure facilities physical and social. Plus they are readytomovein homes complete with basic furnishing. One can opt for a preowned home on the basis of individual and family requirement and the budget.

Money location appreciation transport and connectivity accessibility cash in hand and mortgage options are all important factors of the process. Preowned houses are generally ideal for people who have an immediate requirement of a home to reside in.

Beside location and neighborhood it is important to consider architectural design when buying a preowned home. Take into account the quality of construction of the property. Read the floor plan and assess the quality of paint furnishing fixtures and material of walls ceiling and flooring used in the house. Parking facility is the other key area needs to be checked on before buying a house.

Always choose a house which not only suits your pocket but also that holds value in the long run and has a good valueappreciation rate.

One of the most important points is drainage. It doesn’t seem so important but can define the value and livability of a house. Do make sure that the house and the locality has a proper and wellmaintained drainage system. This ensures no water logging during monsoon.

Apart from these don’t forget to keep a check of all the documents that you need while buying for example registry transfer deeds power of attorney etc. Make sure that there are no pending bills of the house and all installments and dues are paid on time. Also do some inquiry regarding the history of house all this is extremely important and ensures a wise investment.

About the writer:  George Gonigal provides you the best and latest info on Indian Real Estate and India Property. He would also let you know where to Rent Flats in India.