Harris At Large on Sunday! Program: #14

Sunday 2nd August, 2020
Harris At Large on Sunday! Program: #14
Hello Folks!
Happy Sunday! This Facebook Live Show is coming to you from Black Bay, in the Quarter of Vieux Fort, Saint Lucia. Your Host is Edward Harris.
It is my hope that everyone had a wonderful Emancipation Day 2020 and you are now renewed by the meaning and observation of the day.
Here is my selected Quote for today:
You cannot escape the responsibility of tomorrow by evading it today. Abraham Lincoln
House keeping
As usual, the notes of my weekly programme are posted on my archive at www.stluciasimplybeautiful.com While visiting you can catch up on over 400 of my articles archived on the site. By the end of this month, I am hoping to publish another e-book entitled The Writings of Ed Harris – The Best 100 Articles! Don’t forget to check out my Free e-books at https://stluciagreatpropertydeals.com
Saint Lucia today:
We give thanks to Yahweh for keeping his banner over us. We continue to be COVID 19 Death FREE! Last report on number of cases in St. Lucia stood at 25, but to date no DEATHS.
International flights are maintaining their schedules. The first movers are opening up traffic to our beautiful and blessed island. It is music to my ears as I hear the sound of the aircrafts from my veranda touching down at the Hewanorra International Airport.
I am becoming fearful about the behaviour of our people as they have begun to live as though everything has returned to normal, getting together on the beaches, in bars and generally ignoring social distancing. What we are doing here, is what the Americans have been doing, and now the pandemic is not waning but surging. Is this what we want for our beautiful and blessed St. Lucia?
It is time that our leaders enforce the protocols before there is an outbreak of community spread.
Let us continue to adhere to the protocols, in particular wearing mask, along with washing of hands and maintaining social distancing. The wearing of mask continues to be one of the most effective ways to control the virus. It is time for an assessment of our behaviour as it relates to this deadly virus.
Politics in the USA and the Region:
What can I say? This week I will be mute on politics and maybe for a few weeks, unless my audience demands of me otherwise.
Staying Alive Financially:
No matter what happens in the world of politics, for most of us life will continue to be a struggle to cope with the financial challenges of providing for ourselves and families with the necessities of life.
Today, we will discuss the topic of Investing in Real Estate as promised last week. Yesterday afternoon, I got a call from a young lady who wishes to own a plot of land, enquiring about how she should go about it. I thought her request was timely since I planned to deal with the topic today. Today, we will deal with Buying Residential properties. Investing in real estate demands a well thought out strategy. The first step is to prequalify yourself. Ask yourself some serious questions. Find your Why. Arrange an interview with your Loans Officer and find out if you qualify for a mortgage and if you do – how much? Armed with a positive feedback, you now have a budget – how much you have to spend? In my book “Winning Strategies for Micro, Small & Medium Enterprises”, I mentioned forging a relationship with a Real Estate Agent. Discuss your specific needs with the Agent and put him/her to work for you. If you are looking for land (how many square feet) or land and building, location, special features, such as view of the mountains, near to the sea, near to schools, shopping malls, churches, etc. When looking for land and building you will need further information such as single family, apartment building number of bedrooms, bathrooms, bungalow, two storey, or multi level. Find out what you can and cannot do on the property – check the covenants. Always spend some time in the area finding out about the people and conditions in the area. Is the area prone to flooding? What about garbage disposal? It boils down to doing your due diligence.
In recent times there are lots of housing developments springing up and these will be very easy to acquire details if you are seeking to buy land. However, always try to negotiate the price. Get in early on the development.
Once you are a pre qualified candidate for a mortgage shop around to secure the best mortgage rates. The younger you are the better when it comes to the period of the mortgage up to 30 years is possible, and special arrangement can be made for extended periods.
At this stage you are now ready to advance the process by requesting the relevant documents for the property from your Agent, and arrange an appointment with your Loans officer to discuss the details on going forward. You will be presented with a list of documents from the banker that will be necessary to process the mortgage. There is the possibility of acquiring 100% mortgage in some instances but in the event you do not fall into that category, ensure you have a minimum of 10% of the cost of the property. Some banks will seek to facilitate the entire transaction but an independent Attorney will be fine. A valuation of the property you are seeking to acquire is necessary whether you are borrowing money or not. If you are borrowing money the banker will provide you with a list of suggested Valuers whose valuation is accepted by the banks.
Cash is King! If you are privileged to be in this category, after doing your due diligence and with your valuation and land register in hand, you will bypass the Loans Officer and head straight to your Attorney to prepare a Deed of Sale.
Make sure that the vendor is as ready as you are to proceed with the sale. NIC, Income Tax and Property Taxes Clearances must be available. Any lien on the property will be shown on the land register, and your lawyer will ensure that is removed.
I recommend that you get a Free copy of my e-book Investing in Real Estate in St. Lucia, available at https://stluciagreatpropertydeals.com
Special Invitation:
This evening I am launching my Tradera business http://majesticstar43.tradera.associates and will like you to join me and listen to Organisation’s Leaders introduce a system that is allowing ordinary people to make as much as US$500.00 in the first 30 days. You have my commitment I will hold your hands through the process and introduce you to the best trainers.
If you missed the discussion on politics this afternoon, I will be back next week and take a look at what is happening in the world of politics.
Keep the faith, Yahweh is in charge, keep on praying and expect daily Miracles!
Stay safe, until next week.
Your host – Ed Harris

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