Kentucky Real Estate Business

Posts Tagged ‘Price’

Article by Anna Woodward

Life happens, people get arrested and the price of freedom is left to be decided by a judge. In the event an individual is arrested and booked, a call will need to be placed to a friend or family member in order to post bond if they are not released on their own recognizance. Unless the defendant has friends or family with the financial means to post bail, a call to a bail bonds agency will be necessary. When the call is made to request bail be posted some information will need to be provided to the agent:

-Which city and state did the arrest occur in, and which jail are they being held at?

-The defendant’s name and booking number: if the booking number is not known, the agent can obtain it when they call the jail.

-The amount of the bond and any requirements in addition to the bail to obtain release: again, if this information is unknown at the time of the call, the agent will obtain the answers from the jail.

The fee of the bail is usually 10-15% of the bond amount. Bail bonds require a form of collateral be put up that has an equal value to the amount of the bond. This is a form of insurance for the bonds agency that the defendant will not “jump bail” / skip their court appearance. In the event they do so, the collateral will be sold to recoup the financial loss incurred by the agency, and the person who put up the collateral is the one who absorbs the financial loss. Acceptable forms of collateral are:

-Real estate and automobiles

-Credit cards

-Stocks and bonds

-Jewelry, personal credit and bank accounts

When a defendant is released on bail, written permission to leave the state where the bond has been posted must be given by both the court and the bail bonds agent. In the event the individual should cross a state line without permission they can be immediately re-arrested. In this case, the court would demand 2 new bonds be posted and a premium paid on both bail bonds to be released a second time.

Not all cities and states allow private bail bonds to be issued: Massachusetts, Maine, Oregon, Illinois, Kentucky, Nebraska, Wisconsin, Philadelphia and Washington D.C. do not allow private bonds. If an arrest occurs in one of these locations, either the full bail amount must be paid, a 3 (or more) person signature bond can be issued or the prisoner must remain in custody until their trial date.

Posting bail for a friend or family member should never be done until all aspects of the commitment required to do so are fully and completely understood.

http://goarticles.com/article/Bail-Bonds-Freedom-at-a-Price/5249904/

We have a history of fascination with home ownership and house prices in the UK.  The cyclic nature of the boom bust economy has continued, albeit with a few deviations.  The knock on effects of this can be quite far-reaching and in some areas have meant some dramatic and sometimes ugly side effects.
The recent house price index released by the Halifax banking group has shown that Cornwall has undergone some of the highest rises experienced in the whole of the UK. During the period between 1999 and 2009 one local town in Cornwall experienced the highest house price rises of the whole of the UK. Many who know Cornwall might guess this was a town like Truro or Padstow. Both have experienced considerable growth over the previous decade; Few would guess it was in fact Redruth.
Located centrally in Cornwall it has traditionally been plagued by poverty and low wages. However in recent years it has seen much new investment in the area which has revitalised the town. Housing affordability is still an issue but there are a number of schemes including shared equity and houses for locals which has given a glimmer of hope to prospective first home owners.
What is questionable is how much of this information is freely available.  These buyers need to be armed with as much of this information to help them to persuade the banks to lend them money. However they may need to go back to the drawing board and reassess what they can afford and compromise on some aspects of their new home. In this day and age we have an expectation that we should have a good sized house and outside space. This is now very much a luxury that few can afford.
Home owners themselves have not always got of that lightly. A typical scenario UK wide is the happy house owner rubbing their hands together back in 2006. They have just got their house valued and on paper are now considerably richer. This encourages them to remortgage their house to pay for that dream holiday they had always planned.
Roll on three more years and their house has taken a sharp drop in value, they desperately need to move to a bigger place but the negative equity they are experiencing means they really are stuck where they are.  An all too familiar story.
There seems to be no ready answer to solve this cyclic boom and bust short of a dramatic change in our economic system, but don’t hold your breath.  The powerful figures who could make changes are often the ones sitting comfortably on the top rung of that property ladder.  Unfortunately they have no incentive to promote change.  
One thing that will not change is that irresistible draw to own your own house, and what better place than in the idyllic county of Cornwall.  Look through any of the popular house sale sights and if you look hard enough you will find your very own castle.  It may not be the house of your dreams but it will be yours to call home.

Condominium sale-able area price and contract price in an off the plan sale and purchase of a condominium in Phuket Thailand have a different meaning. Foreigners who buy a condominium that is not yet completed will pay a purchase price for the unit based on a square meter price. This is usually not the final purchase price as the size in the plans of the condominium do not have to be the same as the final size of the condominium upon completion and measured by the land departments survey.

A standard clause in a off-plan condominium sale and purchase agreement:

The purchase price of the unit as mentioned in clause x is determined according to the area of the condominium unit to be sold at the rate of baht xx (-the square meter purchase price-) per square meter; totaling baht xxx (-total contract price-), hereinafter referred to as the “Purchase Price”. In the case where the area of the condominium unit to be sold varies from the sale-able area shown in the relevant title deed, the parties shall continue to be bound by this agreement and shall in no case terminate the agreement on the grounds of such variance. In addition, the parties agree to adjust the purchase price to correspond to the increased or decreased area at the rate of the purchase price per square meter as mentioned above.

Saleable area is not the exact use-able condominium floor area, as this is measured from the center of the walls of the condominium which are not common property under Chapter II of the Condominium Act. The outside walls of a condominium are common ownership of the condominium, walls between adjoining units are private ownership.

In an off the plan purchase the final purchase price upon completion will be adjusted according to the final floor area as measured by the official land office survey upon completion of the condominium. Price differences between the contract price for the condominium and the price based on the final floor area of the condominium could have a difference of up to 10%. The sale and purchase agreement could show a purchase price of 5,000,000 baht, but the final price upon completion could be 5,500,000 baht.

Developers in Thailand are very quick in demanding the price difference if this is in their advantage, but usually do not refund if the final purchase price based on the final floor area turns out to be less and would be in advantage of the purchaser.

Do not be surprised if upon completion of the condominium the purchase price is higher than expected. There is no fixed limit in the law on the allowed difference between the final area and size of the unit upon completion.

Also a lease price of an off plan leasehold purchase of a condominium is adjusted to the final floor area as shown in the condominium unit title deed upon completion of the condominium.

We have a history of fascination with home ownership and house prices in the UK.  The cyclic nature of the boom bust economy has continued, albeit with a few deviations.  The knock on effects of this can be quite far-reaching and in some areas have meant some dramatic and sometimes ugly side effects.The recent house price index released by the Halifax banking group has shown that Cornwall has undergone some of the highest rises experienced in the whole of the UK. During the period between 1999 and 2009 one local town in Cornwall experienced the highest house price rises of the whole of the UK. Many who know Cornwall might guess this was a town like Truro or Padstow. Both have experienced considerable growth over the previous decade; Few would guess it was in fact Redruth.Located centrally in Cornwall it has traditionally been plagued by poverty and low wages. However in recent years it has seen much new investment in the area which has revitalised the town. Housing affordability is still an issue but there are a number of schemes including shared equity and houses for locals which has given a glimmer of hope to prospective first home owners.What is questionable is how much of this information is freely available.  These buyers need to be armed with as much of this information to help them to persuade the banks to lend them money. However they may need to go back to the drawing board and reassess what they can afford and compromise on some aspects of their new home. In this day and age we have an expectation that we should have a good sized house and outside space. This is now very much a luxury that few can afford.Home owners themselves have not always got of that lightly. A typical scenario UK wide is the happy house owner rubbing their hands together back in 2006. They have just got their house valued and on paper are now considerably richer. This encourages them to remortgage their house to pay for that dream holiday they had always planned.Roll on three more years and their house has taken a sharp drop in value, they desperately need to move to a bigger place but the negative equity they are experiencing means they really are stuck where they are.  An all too familiar story.There seems to be no ready answer to solve this cyclic boom and bust short of a dramatic change in our economic system, but don’t hold your breath.  The powerful figures who could make changes are often the ones sitting comfortably on the top rung of that property ladder.  Unfortunately they have no incentive to promote change.  One thing that will not change is that irresistible draw to own your own house, and what better place than in the idyllic county of Cornwall.  Look through any of the popular house sale sights and if you look hard enough you will find your very own castle.  It may not be the house of your dreams but it will be yours to call home.