Search This Blog

Wednesday 26 August 2015

Real Estate Agents Share Their Open-house Horror Stories

Real estate agents have seen it all when it comes to sellers' open homes.

Real estate agents have seen it all when it comes to sellers' open homes.
Australian real-estate agents share their worst open-home experiences. 
Gary cut a striking figure in the hallway of the home. Tall and lean, with a Sydney Swans cap pulled low over his brow and a few fingers missing, the mannequin had been placed near a window by the tenant – a middle-aged woman who lived alone – to deter would-be intruders.
"We found out after the first open home that Gary was scaring buyers," says real estate agent Matt Bolin.
Bolin and his assistant moved Gary to a walk-in cupboard before the next open house, accidentally knocking off one of the mannequin's arms and a few clothes in the process.
"Twenty minutes later, we heard this bloodcurdling scream," Bolin says. "We raced over and saw a young Chinese buyer down on her knees at the cupboard. I don't know if she thought she'd seen a corpse or a ghost. She certainly wasn't expecting to see Gary."
Open homes aren't all roses and scented candles. When things go wrong, they can do so in the most unexpected ways.
Another agent recalls the time she received a phone call moments before an open home was due to finish. It was a man asking her to wait a few more minutes for him to arrive.
"When he got there, I went downstairs … This guy walked up the stairs and locked me out," the agent says.
Like several agents interviewed for this article, she did not wish to be named in connection with her open home from hell.
While she was on the phone to the police, she heard a drilling sound coming from inside the house. "The police asked if he had any weapons. I said, 'I don't know. Probably. I didn't see the drill'."
She decided to approach the neighbours – whom she suspected to be bikies – to watch in case things went from bad to worse.
"They went and got baseball bats. These guys were huge. I said, 'No, no, no, I don't want you to help, I just want you to be witnesses'."
The police arrived just as the vendor was driving into the street.
"They ended up bashing in the back door while other officers were talking to him at the front door. They took him to a psych ward … and told me I was pretty lucky. He also had a tomahawk and a machete."
Braden Walters will never forget the time he interrupted a tenant at an open home. The woman hurried out so the inspection could go ahead but a potential buyer alerted him to a buzzing sound in the bedroom.
"The tenant had been having some fun alone time with a little battery-operated friend, and had forgotten to turn it off. It was still going under her pillow," he recalls.
Walters, a Real Estate Institute of NSW board member, says he ushered people in and out of the room as quickly as possible.
Tales of agents walking in on people in various stages of undress and arousal are commonplace; apparently it goes with the territory when you have a job that takes you behind closed doors.
Malcolm Dunning, the president of the Real Estate Institute of NSW, is no stranger to interrupting people in the bedroom or the bathroom.
"It happens all the time, though not so much with owner-occupied houses," Dunning says.
He has conducted open homes where he has led would-be buyers past rooms that had masks, riding crops and sex swings in them.
"A good residential real estate agent needs to have a lot of imagination and a very good sense of humour," he says.
And it's not always a case of tenants behaving badly. He recounts the story of a "well-known eastern suburbs agent" with a cracking hangover who fell asleep during a particularly quiet open home.
"The owners found him asleep on the bed. They weren't too impressed."
Another agent reels off a litany of shockers, from glass cabinets filled with clowns to an elderly tenant locked in a passionate embrace with his new lover for the duration of the inspection.
The creepiest of all, she says, was a house filled with life-sized dolls, which the resident refused to move.
"I said 'I'm not sure how people will react. Maybe people will touch them'. She just said, 'No, they're my babies'. You don't know what you're going to get when you go into an open home. Especially if it's tenanted."

source:- http://www.stuff.co.nz/life-style/home-property/71469857/real-estate-agents-share-their-openhouse-horror-stories

Thursday 20 August 2015

Is This REALLY The Best House In The World?

It looks like a wartime bunker but this three-bed Oxfordshire home has been named number one by the architects' bible 

It may look more like a glorified wartime bunker than a classic manor but this modernist three-bedroom Oxfordshire home described as a 'radical take on the English country house' is deemed the best in the world.


Despite being a far cry from a grand mansion or stately home, the futuristic house near Henley-on-Thames, Oxfordshire, has beaten off worldwide competition to be crowned the best new home by architecture industry bible The Architectural Review.
Described by the judges as having a 'rigid, rhythmic façade' and a 'challenging, uneasy' design, the single-storey 'asymmetrical' property was completed two years ago.
Despite being a far cry from a grand mansion or a stately home, the futuristic single-storey three-bedroom Fayland House near Henley-on-Thames, Oxfordshire, has beaten off competition from around the world to be crowned the best new home by The Architectural Review

Despite being a far cry from a grand mansion or a stately home, the futuristic single-storey three-bedroom Fayland House near Henley-on-Thames, Oxfordshire, has beaten off competition from around the world to be crowned the best new home by The Architectural Review
Described by the judges as having a 'rigid, rhythmic façade' and a 'challenging' design, the 'asymmetrical' property was completed in 2013

Described by the judges as having a 'rigid, rhythmic façade' and a 'challenging' design, the 'asymmetrical' property was completed in 2013

It is owned by multi-millionaire property developer Mike Spink and his wife Maria, who paid £6.7million for the prime 50-acre plot in the Chilterns in 2008 before knocking down the existing house on the site.
The site was previously occupied by an early 20th-century house – said to be of no 'architectural value' – which was made up of a series of eight buildings, including stables, a gym, a greenhouse and an outdoor swimming pool.
The Spinks then brought in leading architect David Chipperfield to design a three-bedroom home with a thoroughly modern twist.
Like the best country piles, the house - called Faylands - is nestled among rolling hills and surrounded by a wildflower meadow with its own herd of cows.

But that's where the similarities end.
Instead of cosy rooms with roaring fires, a farmhouse kitchen with an Aga or a traditional brick exterior, the house is simple and modern to the verge of being empty.
A total of 11 concrete columns hold up the front of the property making it look more like an industrial unit than a home, while the flat roof and oblong-shape make it resemble more of a bunker than a sprawling estate.
However the judges of The Architectural Review House Awards 2015 - a competition to find the world's best house built in the last five years – heaped praise on it.
Some of the biggest names in modern architecture described it as 'a radical take on the English country house', 'subversive and as having a 'beautiful enfilade' - where a suite of rooms with doorways are in line with each other. 

For video go to:- http://www.dailymail.co.uk/news/article-3162120/Oxfordshire-s-Fayland-House-named-best-house-world-Architectural-Review.html#v-4355683414001

Christine Murray, editor of The Architectural Review, said: 'The judges came together to choose from a huge selection of houses from around the world the one they feel is the best from the last five years.
'The judges set themselves a difficult task: they wanted to find a house that was not just well-designed, but subversive in some way.
'They found in Chipperfield's Fayland House a plan that subverted the expectations set up by its rigid, rhythmic façade.
'The uncomfortable girth of the columns and the way they mediated the landscape was also mentioned.
'There is accomplished design and perfect detailing here, but also something challenging, uneasy.
'They also found its restrained opulence interesting, but I think the real enthusiasm was in the courtyards embedded in its asymmetrical plan and that beautiful enfilade.' 



Although looking more like an industrial wartime bunker than a family house, the property has been crowned the best new home in the world

Fellow judge Adam Caruso, a high profile architect, said: 'To make a luxury home that isn't pompous or a projection of the vanity of its inhabitants is a really difficult thing.
'Fayland House places a very large house in a special landscape without disappearing. The domestic outdoor spaces, which have always been an issue in English country houses, are in courtyards, which is an innovation.'
Sofia von Ellrichshausen, from Pezo von Ellrichshausen architects, added: 'Fayland House does push what a house is. It takes normal elements and manipulates them.
'That colonnade in the front and the way it modulates the scale on the landscape is very interesting.
'It also seems to be very rigid from the outside, but the plan is a lot less obvious, offering differing levels of privacy, and arranged around courtyards.'

Source:- http://www.dailymail.co.uk/news/article-3162120/Oxfordshire-s-Fayland-House-named-best-house-world-Architectural-Review.html

Wednesday 19 August 2015

Car Park House / Anonymous Architects






  • Architects: Anonymous Architects
  • Location: Echo Park, Los Angeles, CA, USA
  • Architect in Charge: Simon Storey
  • Area: 1405.0 sqm
  • Project Year: 2013
  • Photographs: Steve King
© Steve King© Steve King© Steve King© Steve King


From the architect. Starting with a vacant lot with a very steep down slope from the street, the design of the house places the carport on the roof with the residence below. In addition to being a dramatic shift of expectations, it is also a logical response to the building code which requires parking for two vehicles.

© Steve King
© Steve King

This inversion moves the typical ground floor of the house up on the roof and makes the simple act of arriving home and driving onto the roof of the house a surprise every time.

© Steve King
© Steve King

The roof is also usable as deck space and has unobstructed views of the San Gabriel Mountains, which are to the Northeast of Los Angeles.

Site Plan
Site Plan

Because of the steep terrain the house is designed to float over the hillside. This reduces the amount of foundation required and also means that the only way to access the house is over the bridge so it is truly a floating structure.

© Steve King
© Steve King

The added benefit of providing the parking and the house as the same structure is to eliminate the need for additional foundations and walls for a garage.

Sections
Sections


Source:- http://www.archdaily.com/464220/car-park-house-anonymous-architects/

Monday 17 August 2015

What is SP3H ?

OK, what on earth is it then?=====================
bg_sp3h

SP3H has developed an innovative sensor for the embedded measurement of the quality of fuels and biofuels. The sensor enables a reduction in consumption and a decrease in CO2 and pollutant emissions through full optimisation of the fuel/engine pairing using information transmitted by the sensor to the engine ECU.

It is clear to see: the engines are calibrated on a reference fuel. As it is statistically impossible to find this same fuel at the pump, manufacturers add safety margins. These margins ensure that the engine operates within the fuel variability range found at the pump; but they also introduce penalties in terms of consumption and pollutant emissions because the engine is not optimised for the specific fuel in the tank. A non-optimised engine consumes more and therefore pollutes more.

What is the origine of the project ?

Before talking about the project, let us talk about the idea behind it. It first sprang up on the strength of a dis- cussion with an expert in charge of type approval and emission control in vehicles at a major French manufacturer. This was in June 2002 at an international seminar in Monaco, which brought together both oil companies and car manufacturers.
The project’s actual start-up phase dates back to 2003 and I was able to put together the SP3H team as of August 2005, so three years after Monaco.
Today, with our cutting-edge technology, we offer a technological brick, the true missing link between car manufacturers and oil companies.

Source:- http://www.sp3h.com/blog/what-is-sp3h/

Sunday 16 August 2015

Elderly Couple To Lose Home After Being Advised To 'Borrow To Invest'

In the latest case involving elderly home owners urged by salesmen to take out mortgages and invest the cash, a couple are about to have their home of 15 years repossessed


Rita and Richard Kauffman at their home in Warmington, near Peterborough
Rita and Richard Kauffman at their home in Warmington, near Peterborough Photo: SWNS
A couple in their late 60s face the loss of their home within days thanks to a catastrophic financial arrangement whereby they were advised to extend their mortgage and then put the cash in supposedly "safe" investments.
It is the latest of many cases to emerge involving a discredited investment known as the Integrity Cash Maximiser, sold by financial advisers before the credit crisis when it was still easy to obtain mortgages.
In 2006 Rita and Richard Kauffman turned to their adviser, Mint Financial Services, in the hope of boosting their income.
They entered a deal where they tied up £50,000 of savings and topped up the investment by taking out a £195,000 mortgage.
The money was used to buy second-hand endowment policies, a form of investment often described as "low-risk" but which has in practice delivered volatile and often poor returns.
The couple outside their home (SWNS)
The arrangement was supposed to work by delivering returns big enough to cover the couple's mortgage - the £195,000 debt was added to an existing £160,000 loan - plus some spare income.
But according to the Daily Mail, which reported the Kauffman case, the investment started to unravel in 2009.
The Kauffmans took their initial complaint against Mint Financial Services - which has since been bought by a firm called Intrinsic Financial Services - to the Financial Ombudsman Service (FOS), which found in their favour.
But compensation from the FOS is limited to £100,000, and their total debts were far higher.
The couple subsequently settled for a sum of £105,000 after costs, according to the Daily Mail, leaving them with debts of £376,000.
Their lender, originally Bradford & Bingley and today overseen by UK Asset Resolution, a government body, said it had "no choice but to commence possession proceedings". A date of August 20 has been set.
The new owner of Mint Financial Services, Intrinsic, said the payout had been accepted as settlement by the Kauffmans.
The couple told the Daily Mail they had stressed at the outset their unwillingness to take on risk. Mr Kauffman, 69, said they were now "exhausted, desperate and working flat out to pay down the debt".

The dangers of borrowing to invest

This is not the first time the Integrity Income Maximiser has been exposed for wrecking couples' finances.
In 2011 a case emerged in which a Cardiff couple, Peggy and Mike Newman, then in their early 70s, found themselves stuck with £130,000 of mortgage debt and no way to clear it.
Again, the money they borrowed - also on the advice of Mint Financial Services - was invested in traded endowment policies, the income from which was supposed to more than cover the mortgage repayments.
Although their case was also upheld by the Financial Ombudsman Service, too little compensation was on offer to settle their debts and to restore them to their previous financial position.
Previous examples of disastrous schemes where home owners were encouraged to take out mortgages and invest the proceeds include the West Bromwich Building Society's Home Income Plans sold in the early Nineties.
Here, older home owners paid hefty commission in order to release equity from their homes and then invest in the stock market. In many cases the strategy failed, leaving pensioners unable to meet the costs of their borrowing.

Source:- http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11798145/Elderly-couple-to-lose-home-after-being-advised-to-borrow-to-invest.html

Saturday 15 August 2015

Revealed: the most in-demand Tube stop for house buyers isn't even in London

Can you guess which London Underground stop is the most in demand for property hunters?

The most in-demand tube stop for house buyers has been revealed - and it’s not even in London.
Online estate agent eMoov.co.uk found Watford is the most popular Underground station for property hunters, despite its location in Hertfordshire.
The research highlighted the increasing popularity of outer London among home buyers, with all the top ten property hotspots positioned in zone five or beyond, where property is much more affordable than inner London.

A four-bedroom house in Watford currently on the market with eMoov for £365,000 (eMoov.co.uk)
By contrast, the ten least in-demand stations were all in zone one, the most central of London’s transport districts. Watford, in zone seven, had a demand rating of 78pc, calculated by eMoov by monitoring the number of properties listed against the number that have sold in a certain period.
Bond Street came out as the least popular, with demand at just 13pc.
The top nine most in-demand stations were all in north-west London. East London also proved popular, with most of the “biggest climbers” - the stations with the largest increases in demand - situated on the right of the tube map.
East Ham, in zone three, saw a 26pc rise in demand since February.
The Central Line was the most popular line, with demand for property along it at 48pc, but the Jubilee Line saw the largest increase in demand in the past six months, up 18pc.

The Central Line is popular but can be crowded in rush hour (EPA)
The least in-demand lines were the Circle, Northern and Victoria, all at 37pc.
Russell Quirk, founder and chief executive of eMoov said: “It is interesting to look at the data not only by the popularity of the station, but also which zones are most in demand, as well as the lines that run through them.
“West Ruislip is the only top 10 station on the Central Line in terms of property demand, even though the Central Line as a whole accounts for the largest demand percentage of all the lines.
“Based on our research the most in-demand area of London is currently East London, home to the majority of the most in-demand stations, all of which are positioned in Zones 5 and outwards. But Zones 3 and 4 are also enjoying strong demand and big increases since January.
“With great transport links via the Jubilee and Central Lines as well as the development of the Cross Rail project, strength of demand in these areas should remain strong.”

The top ten most in-demand tube stops

  1. Watford - Zone 7, Metropolitan Line
  2. Eastcote - Zone 5, Metropolitan and Piccadilly Lines
  3. Ickenham - Zone 6, Metropolitan and Piccadilly Lines
  4. West Ruislip - Zone 6, Central Line
  5. Ruislip - Zone 6, Metropolitan and Piccadilly Lines
  6. Ruislip Manor - Zone 6, Metropolitan and Piccadilly Lines
  7. Pinner - Zone 5, Metropolitan Line
  8. Croxley - Zone 7, Metropolitan Line
  9. Rayners lane - Zone 5, Metropolitan and Piccadilly Lines
  10. Hornchurch - Zone 6, District Line

The top ten least in demand tube stops

  1. Bond Street - Zone 1, Central and Jubilee Lines
  2. Oxford Circus - Zone 1, Central, Victoria and Bakerloo Lines
  3. Marble Arch - Zone 1, Central Line
  4. Marylebone - Zone 1, Bakerloo Line
  5. Baker Street - Zone 1 , Bakerloo, Circle, Metropolitan and Jubilee Lines
  6. Knightsbridge - Zone 1, Piccadilly Line
  7. Piccadilly Circus - Zone 1, Bakerloo and Piccadilly Lines
  8. Regents Park - Zone 1, Bakerloo Line
  9. Green Park - Zone 1, Jubilee, Piccadilly and Victoria Lines
  10. Hyde Park Corner - Zone 1, Piccadilly Line

    Source:- http://www.telegraph.co.uk/finance/property/buying-selling-moving/11780834/Revealed-the-most-in-demand-Tube-stop-for-house-buyers-isnt-even-in-London.html