Devanio

Other Sites of Interest

2009-08-13T06:43:00.001-07:00

On the right you can see where I am currently working. The Devanio blog of course is where this blog developed into. The Teach Your Child to Read site is a joint venture with my wife and will help expats who need to give some help at home to their children and others who want to help their children with reading. The others are more to do with property and other test stuff just like the Hand Painted Wine Glasses Blog.

The New Site

2009-06-27T02:22:00.000-07:00

All new Posts Will Be Going In The Main Site Now HERE

2009-03-16T14:00:00.001-07:00

Fallas in Valencia today was packed. 70ºf (21ºC) and lovely blue skies. Photos on the blog later. http://ping.fm/3lakq

2009-03-16T13:58:00.001-07:00

After a rather hectic day I am here waiting to eat tea/supper and Anita is refusing to sleep, but being cute about it.

2009-03-11T04:13:00.001-07:00

New blog post at http://ping.fm/3lakq All about the use of Twitter

2009-03-10T01:47:00.001-07:00

Writing a blog entry for http://ping.fm/eP8Bi More utility company fun in Spain

2009-03-09T09:21:00.001-07:00

Currently working on a new site aggregating all of my blogs and feeds to link from the homepage at http://ping.fm/kyRft

2009-03-05T16:50:00.001-08:00

Bedtime I will listen to the rest of the IMTW broadcast tomorrow when it goes into ITunes

2009-03-05T16:06:00.001-08:00

Listening to 30DC TV about the changes to Facebook

Repossessions and Opportunities

2008-04-27T06:12:00.001-07:00

When Black Wednesday came along in the UK or the Wall Street Crash in the States, many people lost money, correct? Well no, not exactly. Share prices dropped but if you held on they had recovered in the first case in a couple of years and in the latter a decade later. If you sold or had to sell for whatever reason you lost. The same applies to property. Many people are talking down the market at the moment but if you bought five years ago in Spain you probably bought at half of your current asking price so really you can probably afford to accept a lower offer if push came to shove.

However there are many people who do need to sell because interest rate rises have caught them out and there are many developers that now find they are struggling to sell their off plan properties. Therefore an opportunity has arisen for the savvy investor.

We have been negotiating with banks here and developers to bring you three avenues to make money in the current downturn and credit crunch.

Firstly we have a list of repossessions that are due to come up. We can get these properties for a fraction of market price before they are repossessed. They can then be flipped for profit or used as a rental, in many cases for the current owner to give cashflow properties.

Secondly because of the banks' reluctance to lend currently we have clients requiring private capital loans with the guarantee of their unencumbered property or very lowly geared property. The returns on these private capital loans to developers are around 20% annually.

Thirdly we have offers from developers to take off plan flats, usually the last ones left in a development at up to 50% off list price if you take on the whole package of what is left. These can then be sold on below market value still to make a quick flip.

All in all we have identified the problem in the market, identified the solutions and offer it to you to make money in an ethical way, solving problems for distressed sellers and developers.

First Devanio Financing Completed

2008-02-04T01:32:00.000-08:00

If you have a house to sell and you need to get some equity out of it right now for whatever reason you have few options, go to the bank, go to a loan shark or get a personal loan at high interest rates. We have another option though. As the market is slow at the moment for sales you may be waiting some time before selling unless you accept a really low offer so to avoid that scenario we have come up with a Win-Win solution for immediate financing.

Our first financing was completed last week. Signed before a Notary the finance means immediate funding no repayments until sale if sale is completed in the first two years and much lower opening costs than those from a bank. A private mortgage can be raised on your property from one of our investment clients.

Here is how an example works. A house is on sale for 350,000 Euros. The mortgage remaining on the property is 200000 Euros. You would like to release a 10% equity stake in the property. We have investors who will offer you a certain amount for that 10%, for example 28000 Euros. They will receive 10% of sale price when you sell. Let's say you accept a lower offer of 320,000 Euros. They get 32000 Euros on sale. Nothing is payable until that point. This looks like a high interest rate at first sight but it works for both parties in the following way.

The Seller; Gets immediate access to money to fund their own purchase perhaps or to start a business or use as they see fit. They also avoid having to accept a ridiculously low offer that may come in because they need funds desperately. No repayments are made until sale or two years is up.

The Investor. Gets a safe investment with a good rate. If the house then sells quickly the interest rate is large but they risk having to wait two years for the money to start coming back in if the property is not sold. (Devanio source the properties and make sure that they are good things in the market to reduce this risk)Their investment is controlled because Devanio controls the sale on an exclusive basis and the property cannot be sold behind the back of the investor or company as the debt is set against the property in the property register.

Devanio (The Company); In order to qualify for this funding the seller needs to give an exclusive to the company for the sale of the property. The exclusive guarantees a 2% payment to Devanio for its marketing services and the introduction to potential investors. We market your property extensively through internet advertising allied to magazine promotion as we see fit. We also promote it to other estate agents. Currently there are around 180 agents on our listings and this is growing as time goes by. A quicker sale is guaranteed by this method.

If you are interested in getting some funding on your property and the property is for sale then get in touch on devanioinfo@gmail.com and we will look to hook you up with an investor and market your property for you.

Welcome to Devanio

2007-12-06T04:40:00.001-08:00

What is Devanio then? Devanio is a wholly owned subsidiary company of Valencia Property SL, a concept and a method of opening out our services to be much more useful. The ethos of VP means that we were limited in what we could do, VP will not change the way it works but Devanio takes the concept of VP and expands it into new areas.

Devanio works in various areas;

Finance: We have new concepts for home owners in funding their lifestyles, dreams and aspirations and for investors willing to buy into equity on properties already owned without the risks and costs associated with a fully fledged purchase. Ask us for more details. We can help you to release equity and give sound advice through our network of qualified and registered IFA's so that your house is both an asset and an income. We hope to create a Win-Win-Win scenario for investor, client and company.

Marketing; We work with property exclusives, acting as a marketing service for properties when the owner wants quicker results. These exclusives are advertised much more heavily than Valencia Property's houses as the 2% fee offsets marketing costs. As you see our service develop you will notice the benefits that it can bestow on your property.

Renovation; We project manage the work on properties from concept to end, using highly qualified professionals to make sure that your project finishes on budget, on time and to your satisfaction. Experience tells us that many jobs are half baked and not well thought out. We bring the idea of wholeness and oneness to design concepts.

Commercial; We are involved in high end projects of a commercial nature in Valencia and the rest of Spain. Whether your need is a nursing home purchase, a hotel, the rights to run a car park or whatever we can find you the opportunities that will suit at the best prices. Because we understand the local market and have the contacts to make things happen in what is a rather parochial market we can help you realise your goals. Our contact network means that we can always find the best outlet for your investment needs.

Consultancy; Our consulting fees are competitive and we are willing to look at joint ventures for companies wanting to start up business in Valencia. We are already working with various companies looking to move into the area and over the years on an informal basis have helped many businesses grow roots here in Valencia. We also act informally in introductions to people that you may need to know in growing your business here. Use our services and your ROI will increase exponentially.

International; Through our large network of international real estate contacts we are able to source the best international property deals to make the most of your investment monies. We have collaboration deals in place with countless reputable firms in order so that you feel more comfortable in your decisions abroad. After all what you need is the certainty of experience and we bring you that so that you can buy with confidence.

This is just a taster of what Devanio offers. We hope to bring you more news regularly of opportunities that are opening up and news of when our new website www.devanio.com will be ready to go. Obviously with so many ideas and goals getting the site looking just right and working in the right way is going to take some time but eventually you will see www.devanio.com as a home from home and the prime site for first point of contact business here in Valencia and Spain.