TWP Realty Company Limited

20/12/2013

Any one in possession of a salesman license and interested in doing property sales, please contact me at 289-4492 or Ms. Yanique Townsend at 276-8970. These individuals must be motivated and success driven with proven track record of previous sales. Inbox me a copy of resume and job letter, enclose references as well. This message is endorsed by TWP Realty Company Ltd...."We Build On Dreams"

10/12/2013

FOR SALE: Lots in Woodland Heights Red Hills. First left turn after Coopers hill, 2 lots are left. Properties are Sloping to Flat land. The sizes are 11,945 Sq. Ft. & 15,983 Sq. Ft. Price ranges are 3,700,000 & $4,500,000

10/12/2013

FOR SALE: Panorama Ridge in Woodlands Heights. This property is a gently sloping 28,140 Sq. Ft. land with Panoramic Views of Kingston and St. Catherine.

05/12/2013

FORCED SALES/PRIVATE TREATY:- The forced sale value on a Jamaican property title is the minimum recommended value that the property can be sold for, if it was used as a security and there is a default in payment to the financial institution that granted the loan.

Some institutions will require that persons who are applying for a mortgage and might be using a title that is in someone else’s name as a security. That title should have a forced sale value that is equivalent or above the amount that should be granted as the loan.

When a home owner defaults on his or her mortgage payments the lending institution will have to recover the balance owing. However that financial institution when selling that property to recover the debt has to sell it at the value that is recommended on the title.

Properties would then be sold through PRIVATE TREATY SALES, which is a way that offers the lending agency the opportunity to recover debts from proceeds of sale.

If you should decide to purchase a PRIVATE TREATY PROPERTY please note that, most times you will only be allowed to view the external structure of the property(you will be purchasing the property as is where is.) You will also be required to make a 15% deposit of the sale price to the vendors (FINANCIAL INSTITUTION) attorney before the carriage of sale commences, so as to secure the property.

05/12/2013

COMMISSION FEES FOR JAMAICAN REALTORS:-Commissions is how Jamaica realtors levy their charges on vendors and landlords of Jamaica real estate. Jamaica real estate realtor commissions are negotiable. They can vary between 3%-5%, depending on the type of Jamaica real estate property, current Jamaica real estate market conditions, and the sellers motivation. The allowable commission is set by the Jamaica Real Estate Board, the government body that regulates the actions and licenses of Jamaica real estate realtors.

The actual commission can be lower depending on the terms of the listing agreement between the vendor and the Jamaica realtor. When Jamaica real estate is listed, the commission is given to the vendors Jamaica real estate agent. When agents show properties to potential buyers typically they will show Jamaica real estate offering 3% before the ones offering 2.5%. If your property is offering 2.5% to the other agents, it will get fewer showings meaning fewer people will even look at your Jamaica real estate. As a result you will be assisting other vendors sell their Jamaica real estate first. However the commission given to Jamaica real estate realtor is well spent money.
The commission charged by the Jamaica real estate broker is actually to pay for the following services rendered by the agent to the vendor.
a.) Advertisement in the local newspapers.
b.) Listings with other Jamaica realtors.
c.) Postings on websites of Jamaica real estate property availability.
d.) Provide an accurate overview of the sale price of the Jamaica real estate property.
e.) Helps in speeding up the process of selling Jamaica real estate.
f.) Access to Jamaica real estate market appraisal data.
g.) Advice on the most appropriate method of sale such as auction or private treaty.
h.) The development and implementation of a Jamaica real estate marketing plan.
i.) Advice on how to present your Jamaica real estate to the public.
j.) Access to a large numbers of buyers of Jamaica real estate.
k.) Screening of potential buyers of your property.
l.) Assistance when negotiating the best price for your Jamaican property.
m.) Effective administration of all legal and financial requirements for sale of Jamaica real estate.

The commission earned provides all these benefits to the vendors and allows the Jamaica real estate agent to cover the cost of overhead, computers, office equipment, transportation, signs, advertisement and so on.

Jamaica Realtor commissions also take place on the part of rentals as well. These are actually not termed as commissions but a basic fee. The common fee charged is one months rental. This means if Jamaica real estate is being rented for JMD$15.00 per month then the fee is JMD$15.00.

There are several benefits of hiring a Jamaica real estate realtor that allows you to get value from the money spent.
a.) Placement in the local newspapers Jamaica real estate for rent section.
b.) Access to a large numbers of qualified renters of Jamaica real estate.
c.) Screening of potential tenants of your Jamaica real estate property.
d.) Assistance when negotiating the best rental price for your Jamaican property.

05/12/2013

HOW TO ACQUIRE A JAMAICAN PROPERTY MORTGAGE:- The Jamaica real estate mortgage process might be confusing for a first time real estate buyer in Jamaica. Worldwide Realtors has summarized in a few simple steps the process of acquiring a Jamaica real estate mortgage. These steps can mean the difference between approval and denial of a Jamaica real estate mortgage loan. The mortgage loan can last between five to thirty years and determines your true value of the Jamaica real estate you intend to purchase.

Step One: Obtain prequalification of the Jamaica real estate mortgage loan

Prior to completing any Jamaica real estate mortgage application, most loan companies will ask the applicant to go through pre-qualification process. This process has two distinct advantages to the potential buyer. To know exactly the type of Jamaica real estate you can afford based on the pre-qualified amount by the financial institution. This gives you more leverage against Jamaica real estate sellers knowing that you have immediate access to the cash. During prequalification, the Jamaica real estate financial institution gathers information about your net worth, and makes a financial determination, about how much they can lend to purchase Jamaica real estate.

Step Two: Applying for the Jamaica real estate mortgage

The Jamaica real estate mortgage application is the beginning of the loan process, and occurs after you have located a property and made a deposit based on the signed Jamaica real estate sale agreement with the vendor. You complete a Jamaica real estate mortgage application with the loan officer and supply all of the required documentation for processing. After presenting all documentation you will be provided with a commitment letter to carry to your Jamaica real estate attorney who will begin the process of registering your name on the title and the lien of the Jamaica real estate mortgage company.

Step Three: Mortgage Lien for Jamaica real estate.

The Jamaica real estate mortgage lender must protect itself by registering a lien on the real estate. This means that the lender must have the Jamaica titles office have their financial interest noted on the title physically so the borrower cannot sell the Jamaica real estate and clear any debt owed. If the Jamaica real estate is even sold it can’t be transferred because the title cannot change hands unless the lien is discharged. This has proven effective in stopping the illegal sale of Jamaica real estate.

Step Four Closing the Jamaica real estate transaction

Once the Jamaica mortgage bank receives the physical Jamaica real estate title the closing process begins. The mortgage bank will now disburse the loan amount to the vendor’s attorney and the transaction will be closed. The mortgage bank will have documents noting the loan agreement between the borrower and lender and the initiation of Jamaica real estate insurance which is key the loan disbursal. You will receive your Jamaica real estate mortgage schedule, which determines exactly how much you will pay monthly. Most Jamaica real estate transactions take place with the use of a real estate mortgage loan. Jamaica has several real estate mortgage lenders to choose from, all following the four steps listed above.

SOURCE:- http://www.jamaica-real-estate.net

04/12/2013

04/12/2013

FOR SALE: Ground Floor- Two bedroom with closet, living room, dining room, bathroom, wash area, staircase, veranda and kitchen. Upper Floor - One master bedroom with bathroom and closet en-suite, 2 bedroom with closet,bathroom, entertainment area and a patio.

04/12/2013

FOR SALE(PRIVATE TREATY): 580.11 sq.m (6,244.29 sq.ft) Lot.

04/12/2013

FOR SALE(PRIVATE TREATY) GARAGE: Residence-Grill enclosed entrance patio, main office on entry, 2 shared bathrooms, 2 rooms with built-in closet (one used as an office) to one side, 2 other rooms and the kitchen to the other side. Whilst to the rear there is a laundry and a storeroom, an externally accessed
bathroom is also at the rear.
Work Shed - work shed / service area with space to accommodate 10 vehicle bays and a storage area.

04/12/2013

FOR SALE(PRIVATE TREATY): Double carport (no roof) grill-enclosed patio at the front, centrally located combined living/ dining room, utility room, incomplete rear patio,
3 bedrooms, 2 bathrooms, incomplete kitchen to one side, 4 bedrooms( one converted and being used as a hairdressing parlour) 2
bathrooms, kitchen, laundry and incomplete utility areas to the other side

22/11/2013

FOR RENT: Commercial space 1,000 Sq. Ft located at 1 Sefton Rd, Collins Green, behind Appliance Traders off Half Way Tree Rd. This space has 2 large open areas 2 restrooms, kitchen and parking.