Smart buying and selling tips

Experts predict this year is going to be an active year for residential real estate, possibly the best year since 2007. It is expected that sellers will welcome increasing home prices and a high level of interest in their listing, and buyers should be prepared to move quickly when they find a home that meets their needs. Here is a brief list of tips for buyers this year:

Tips for Buyers:

Don’t wait too long: Most people who plan to buy a home this year say they will wait until the spring or summer to start looking. However, buyers who start their search early typically face less competition and should still have a good selection to choose from.

Shop around for a mortgage: Since a lower interest rate could equate to thousands in savings over the life of a loan, don’t take the first quote you receive. Talk to more than one lender. While interest rates are still at record lows (just under four percent) is predicting that mortgage rates may reach 4.65 percent by the end of the year.

If you are renting, consider buying: Currently, rents are high and availability is limited. Last year, rents outpaced home values in 20 of the 35 biggest housing markets. Additionally, according to the 2015 Rental Market Report, 88 percent of property managers raised their rent in the past 12 months, and an 8 percent hike is predicted for this year. In many areas, rent is comparable to that of a monthly mortgage payment, so it makes good sense to put that monthly investment into your own appreciating asset.

Top Tips for Sellers:

List during prime-buying season in your area: Generally speaking, the height of home buying activity usually begins in April and reaches a peak in June. According to, sellers who list their home during the prime spring and summer months benefit from a larger population of buyers and potential bidding wars, which often result in higher prices and faster closings.

Price your home to sell: Home prices are expected to rise approximately 3 percent year-over-year, with a few markets expected to see up towards 10 percent increase in this year alone. If you are considering selling your home this year, it would be wise to take the advice of local Realtors in regards to adequately pricing your home based on your immediate market conditions and comparable sales in your neighborhood.

Consider offering an incentive: Keep an open mind with varying offers. Sellers who are open to negotiate beyond just price may have the best success in securing a solid buyer. Last year, 37 percent of all sellers offered some type of incentive.

If you have any questions regarding this information and/or homeownership issues in our area, visit or call 775-885-7200.

Avis Cherry is President of the Sierra Nevada Association of REALTORS and is a REALTOR with Charles Kitchen Realty in Carson City. With nearly 14 years of experience, Avis brings a wealth of expertise to her clients, and is also a devoted and active member of the community. In addition to being a Certified Residential Specialist (CRS) and a two-time president of the Sierra Nevada Chapter of CRS, Avis was awarded CRS of the Year in 2011. She also is a graduate of the prestigious Nevada Association of REALTORS Leadership Program. You can contact Avis at 775-741-3344 or via email at

Recent Tax Changes To Buying And Selling UK Residential Property

Over the past few months a number of changes have been made to
the tax regime for buying and selling residential property in the
UK. This article summarises the latest position.

Non-residents Capital Gains Tax (NRCGT) rules
(Finance Act 2015)

These rules took effect from 6 April 2015. Subject to certain
exemptions, all non-residents will be subject to UK CGT on gains
arising post 5 April 2015 on the disposal of UK residential
property. Broadly, the basic starting point is that residential
properties are rebased, for NRCGT purposes, to their market value
as at 5 April 2015.

The rates of tax that will apply are:

  1. Companies: 20% (that are not exempt companies)
  2. Individuals: 18% or 28% (depending on whether the individual is
    a basic or higher rate tax payer)
  3. Trustees and personal representatives: 28%

The main entities which are either exempt or can claim an
exemption are: charities; certain investment trusts and venture
capital trusts; registered pension schemes; diversely- held
companies; certain unit trusts and open-ended investment companies
(or OEICs); certain schemes which have or include
investors which are offshore funds, OEICs or authorised unit
trusts; and companies that deal with life assurance. Reliefs may
also be available, such as principal private residence relief for
individuals or indexation relief for non-resident companies.

The government also announced certain changes to the NRCGT rules
at the Autumn Statement 2015, including an amendment to prevent
double taxation in certain instances.

Restriction on interest deductions on purchases of buy-to-let
properties (Finance (No. 2) Act 2015)

On 8 July 2015 the government announced a new measure which
restricts relief for finance costs on let residential properties.
It is being introduced gradually from 6 April 2017. The new rules
operate by requiring, in the first instance, that profits are
computed without regard to the relevant interest payments. A
separate relief, a tax reduction, is then calculated by
reference to basic rate tax on an amount equal to the interest
payments, for which relief has now been denied.

Finance Costs include: mortgage interest, sums which
are equivalent to interest and the incidental costs of obtaining
finance by means of the loan, for example, the fees incurred when
taking out or repaying mortgages or loans. The current deduction
for higher rate tax relief on finance costs will be restricted in
the following way:

  1. In the tax year for 2017 to 2018 the deduction from property
    income (as was previously allowed) will be restricted to 75% of
    finance costs, with the remaining 25% being available as a basic
    rate reduction
  2. In the tax year for 2018 to 2019 this will be reduced to 50% of
    finance costs and 50% will be given as a basic rate reduction
  3. In the tax year for 2019 to 2020 this will be reduced to 25% of
    finance costs and 75% will be given as a basic rate reduction
  4. In the tax year for 2020 to 2021 no deduction for higher rate
    tax relief on finance costs will be available and all financing
    costs incurred by a landlord will be given as a basic rate

Commercial letting of furnished holiday accommodation is

Proposed changes concerning foreign domiciled persons owning
(directly or indirectly) UK real estate (Summer Budget 2015)

The Government announced on 8 July 2015 that, from April 2017,
it intends to bring all UK residential property held directly or
indirectly by foreign domiciled persons into charge for Inheritance
Tax (IHT) purposes, even when the property is owned
through an indirect structure such as an offshore company or
partnership. This could, therefore, result in foreign domiciled
persons being liable to pay a 40% tax liability in respect of the
market value of UK residential properties held (directly or
indirectly) by them on their death.

These changes are due to be included in the 2017 Finance Bill
and a consultation document will be published in due course. It is
anticipated that draft legislation will be included in the Finance
Bill 2017. Further announcements may be made in the 2016 Budget, on
16 March 2016.

Proposed new additional 3% Stamp Duty Land Tax
(SDLT) charge on purchases of second homes (Autumn
Statement and Spending Review 2015)

The proposed new rates will be 3% above the current SDLT rates
and will apply to purchases of second homes, for example, buy to
let properties, from 1 April 2016. It is currently anticipated that
the higher rates will not apply to: purchases below GBP 40,000,
caravans, mobile homes, houseboats, or funds making significant
investment in residential property, although the test for what
constitutes a significant investment in residential property has
not yet been finalised.

It is proposed that the higher rates will apply to all contracts
entered into after 25 November 2015, where completion takes place
on or after 1 April 2016.

Under proposed transitional rules the higher rates will not
apply to contracts which were exchanged on or before 25 November
2015 but not completed until on or after 1 April 2016.

The Government is currently consulting on the policy detail,
including the way in which joint purchasers should be treated, the
impact on those who only temporarily own two properties, the scope
of any exemptions and compliance issues arising from the new
regime. Confirmation of the final design of the new rules will be
announced at the Budget on 16 March 2016.

Recent Tax Changes To Buying And Selling UK Residential Property

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

Taxes on buying and selling goods online

For the first time, online sales surpassed in-store sales in the US during last year’s Black Friday, the busiest shopping day in that country following Thanksgiving Day.

One of the most disruptive changes in the field of commerce is online shopping, which has grown exponentially around the world over the past years, including in the Philippines. Gone are the days when you have to go from one store to another in search of the items you need to buy. Now, you can get everything on your shopping list by merely clicking away, a more convenient exercise for both buyers and sellers.

To cope with the proliferation of online businesses in the Philippines, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 55-2013 identifying the tax obligations of online sellers. Online sellers have the obligation to register with the BIR; secure an Authority to Print (ATP) invoices/official receipts; register books of account for use in the business; issue registered invoices or receipts; withhold required creditable/expanded withholding tax, final tax, withholding tax on compensation and other withholding taxes; and file the applicable tax returns on due dates and pay the corresponding taxes.

Tax-wise, the total amount of taxes that an online retailer would pay should be the same as a seller with a brick-and-mortar store. As a general rule, any person or entity who, in the course of trade or business, sells, exchanges, or leases goods or properties, or renders services, and any person who imports goods, shall be liable to value-added tax (VAT). Thus, for both an online seller and a store owner, the sale transaction shall generally be subject to 12 percent VAT.

For their part, buyers should expect to receive a VAT-registered invoice that conforms to the BIR’s invoicing requirements. They should also be aware of their tax obligations when transacting online.

For instance, a top 20,000 buyer-corporation is required to withhold 1 percent expanded withholding tax (EWT) for purchase of goods. If the payment for the purchase of a product online by a top 20,000 buyer-corporation is through credit card or through company-issued credit card to officers or employees for purposes of reimbursements, RMC No. 72-2004 clarifies that the buyer-corporation is not required to withhold the 1 percent EWT upon presentation of the credit card, but is required to withhold the 2 percent EWT corresponding to the interest payment and/or service fee and other charges imposed by the credit card company.

The credit card company, on the other hand, shall withhold 1 percent of 50 percent of the gross amount paid to the online seller, pursuant to Section 2.57.2 (L) of Revenue Regulations No. (RR) 2-98, as amended, and receive the agreed commission from the online seller, net of 10 percent EWT.

Furthermore, under RR 2-98, if the buyer is a registered withholding agent, it is likewise required to furnish the online seller, in triplicate, with a Certificate of Creditable Tax Withheld at Source (BIR Form No. 2307) showing the amount of payment and amount of taxes withheld. The said certificate shall serve as proof of withholding, which shall be used by the online seller to claim tax credit. This withholding tax requirement does not apply to individuals, who are not registered withholding agents, purchasing online.

Buying from an international website versus buying from a local website
Internet shopping knows no boundaries, which is another one of its undeniable appeals. If the product that you want to buy is not available locally, you can always look for it online and, using your credit card, make the purchase there.

Note, though, that purchase of goods through an international (non-resident) online seller is subject to 12 percent VAT on importation. VAT on importation is imposed on goods brought into the Philippines, whether for use in business or not.

The tax shall be based on the total value used by the Bureau of Customs (BOC) in determining tariff and customs duties, plus customs duties, excise tax, if any, and other charges, such as postage, commission, and similar charges, prior to the release of the goods from customs custody.

In case the valuation used by the BOC in computing customs duties is based on volume or quantity of the imported goods, the landed cost shall be the basis for computing VAT. Landed cost consists of the invoice amount, customs duties, freight, insurance and other charges.

If the goods imported are subject to excise tax, the excise tax shall form part of the tax base. So don’t be surprised if the amount of taxes you have to pay is significantly higher when you purchase from an international website, compared with purchasing the same product locally; customs duties figure in the computation.

Payment to a non-resident online seller for the purchase of goods is not subject to the 30 percent final tax. Under the Civil Code Article 1475, the perfection of the contract of sale happens when there is a meeting of minds upon the thing, which is the object of the contract and upon the price. Thus, it can be presumed that the perfection of the contract of sale between the international online seller and local buyer happened outside the Philippines when the seller acknowledged the order of the buyer and agreed on the price.

Let this serve as a reminder to sellers, whether small-scale or large-scale, and buyers engaged in online business of their tax obligations. Considering the pace at which online shopping continues to expand, it is already a significant growth driver in the retail industry.

The author is a Manager with the Tax amp; Corporate Services Division of Navarro Amper amp; Co., the local member firm of Deloitte Southeast Asia Ltd. – a UK private company limited by guarantee (DTTL). Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. It has more than 210,000 professionals worldwide, including those in Deloitte Southeast Asia Ltd., which covers Brunei, Cambodia, Guam, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

Confusion over the home buying process

Confusion over the home buying process



First Published:

Do you fully understand the home buying process? According to research from estate agent Tepilo, many people are confused by it, and some even find the whole thing completely unfair.

According to the survey, 62% of UK homebuyers think that the process of buying a home in the UK is confusing, with key issues being the number of complicated and expensive stages they have to go through: 27% said that the whole process is too complex and expensive, while 21% think that transactions take too long, and 14% worry about the risk of a sale falling through when theyve already spent money on surveys and legal fees.

Not only that, but 37% think that the buying process is unfair, with much of it again due to fears over sales falling through. As such, 40% believe that once a sale has been agreed it should be legally binding, thereby preventing anyone from pulling out, and reducing the worry of money being lost on stages thereafter.

A further 35% think that bidding above an already accepted offer shouldnt be allowed, and 31% believe that sellers should be responsible for paying for the survey on the property theyre selling, rather than the other way around.

Many of the issues identified could also be due to a lack of understanding about various aspects of the process, with a surprising number not knowing what key home buying terms (such as conveyancing, EPC and land registry fees) mean.

For example, just 41% know what a mortgage in principle is, while 45% know what a homebuyers report is and 48% know what conveyancing means. A larger proportion (60%) know what exchange of contracts and stamp duty refer to, while 53% understand the land registry fee and 50% know what an EPC is, but a staggering 5% admitted to not knowing what any of the terms meant!

Its staggering to see just how many people think that buying a house in the UK is complicated and unfair, said Sarah Beeny, owner of Tepilo. It shouldnt be this way, as the actual process of buying and selling houses is fairly straightforward if you understand it.

To help Brits feel more comfortable when buying and selling, Id advise them to really research the process thoroughly before purchasing a new home or selling an existing one. That way, youll feel much more empowered and in control of the process, which will help to reduce your stress levels and give you more time to concentrate on how youll make your new house feel like home.

The buying and selling process may initially seem complicated, but taking the time to really look into things could make it all far less stress-inducing. Start by reading our mortgage guides to get an overview of some of the terms and processes you may come across, and make sure to get your finances in order, too – getting a mortgage agreed in principle was deemed stressful by 28% of respondents, but making sure your credit score is in order (by using a credit check provider such as Experian) can boost your chances of success.

Once you feel more comfortable with the processes involved, all thats left to do is find the right mortgage to suit your needs, and then you can look forward to the next stage – enjoying your new home!

MarketingZoom debuts site for local marketing buying and selling

Dive Brief:

  • MarketingZoom, a startup company, launched a social marketplace platform that connects buyers and sellers of local marketing and advertising, and according the company the marketplace the first of its kind.
  • The platform is designed to help small businesses with owners that dont have advertising or marketing expertise or experience uncover those opportunities.
  • MarketingZooms platform is based around three profile categories: companies, opportunities and agencies, and is similar to online classifieds.

Dive Insight:

Until now there hasnt been any easy to use go-to source for shopping for marketing and advertising opportunities in local areas and we are glad to provide that solution,Tony Scott, founder of MarketingZom, told Marketing Dive. We are committed to providing a useful online marketplace for businesses of all sizes to discover their perfect marketing opportunity and create an unforgettable marketing experience.

Thesocial marketplace platform is searchable across the three profile categories by location, pricing, demographics, focus areas, exposures and more. The platform also allows members to display information about their specific opportunity or about their business or agency, as well as share photos, share marketing materials and proposals, and send private messages.

Scott described the marketplace asan eBay for the marketing and advertising industry.

MarketingZoom is based in Portland, Oregon.

Recommended Reading

Market Wired:
New Startup Launches Marketplace for Buying and Selling Local Marketing

Marketing Land:
MarketingZoom Launches Site For Buying And Selling Marketing

Meet the people who are making a killing buying and selling your lost luggage


HUNTERS: Valerie, Billy and Mark

But in a televised game of baggage lotto they have to decide which are the winners packed full of designer clobber and which are the losers containing nothing but dirty undies.

A new breed of professional baggage buyers are cashing in on the publics bad luck, hoping to bid for holidaymakers lost luggage. And I decided to join them hoping to make a killing from flogging other peoples lost items, or at the very least bag myself a new wardrobe.


PROFESSIONAL: Billy sizes up a suitcase

Nearly 30 million unlucky people lose their luggage on flights every year. It even happens to celebs Coleen Rooney famously lost her luggage on the way back from the World Cup in Rio in 2014.

Ever since I was 16 I’ve been buying and selling things and this is by far the most lucrative

Baggage hunter Mark Meyer

And when a case fails to make it home, its auctioned off to bargain hunters hoping to make a tidy profit. This is the subject of a new TV show following three pros who travel around the world and make a living from spotting the good from the bad at airline auctions and bidding for the best.

Ive joined them in Toronto, Canada one of the busiest airport hubs in the world and the recipient of thousands of lost cases from the UK every year. Plus theres airmail and freight boxes, too.

In what has been dubbed a baggage hunters paradise Here I meet Billy Leroy, Mark Meyer and Valerie-Jeanne Mathieu, the savvy stars of the TV show Baggage Battles.

Mark, 29, tells me: Ive seen it all doing this job. Ever since I was 16 Ive been buying and selling things and this is by far the most lucrative.

It is possible to make a good living out of buying and selling lost items. It could be lost suitcases or freight damaged in transit.

So why do so many cases get lost? According to experts, sometimes the routing label gets damaged in transit, or the label was misprinted.

If you have not filled out your contact information on your bags identification card, theres almost no way of getting your bag back. Human error also can be the cause of lost luggage, as when an attendant enters an incorrect destination airport, or if your bag gets placed on the wrong plane.


NO PEAKING: Valerie gets hands on with one of the bags

If the latter happens, the airline reroutes your bag to the correct destination. Mark continues: After a few months of them being unclaimed they end up in airline auctions like this and anyone off the street can come and bid on them. The trick is that you dont get to see whats inside, so you have to know what you are looking for.

Toronto and Miami are two of the biggest lost luggage hubs in the world which is why we are excited to be here today.

My most successful purchase was two suitcases which when I got home found they were packed full of military communication devices worth $40,000. Another time I bid pound;200 for a suitcase and it had a brand new laptop and loads of designer shoes inside.

Even professional baggage buyers can get it wrong, though. Mark laughs: One time I saw a set of beautiful designer luggage at an auction and I got it home and all it included was cheap, dirty underwear and used sex toys. I paid pound;400 for it and it was all rubbish.

Billy, 56, previously owned a famous antique store but turned to buying suitcases because of the many unique finds available.

He says: Im looking for the thing which is totally out of place here and I know how to spot expensive items. I found a painting once worth over $30,000 which I sold at Sothebys. Its a competition though, and you have to fight off the other bargain hunters for the best items.

But hes not so ruthless. Sometimes Ive opened cases and found contact details for who they belong to and send them back. But not everyone is that honest.

Valerie, 37, has some good tips for my suitcase search. Usually carry-on luggage has more expensive items, so bigger isnt always better, she says.

Personal luggage is always better because you know its the items people dont really want to lose.

I look for a chic, clean suitcase too. And ones with locks on will always have better items inside. If its a quality resistant bag too thats good. It doesnt matter if it doesnt have a designer name, if its a hard case, its generally protecting something good inside.

Valerie says she gets a buzz from buying the bags in this way. The auctions are thrilling because you never know what you are going to get, she explains.


LOST AND FOUND: Coleen Rooney lost her suitcase on her way to Rio

So after examining the boxes and cases in front of me for over an hour the auction house allows the bidding to begin. On the advice of Mark Ive decided to bid on a cardboard box which looks like it comes from a big department store.

I bid pound;200 and I win! And at the end of the two-hour auction Im allowed to rip it open. Sadly, I think I have a long way to go. Forget designer shoes and handbags, my lot of fake watches and bargain beauty brands would look more at home on a dodgy market stall.

Valerie, Billy and Mark cant hold back their giggles. Perhaps I have a lot more to learn before I do this full time.

Baggage Battles airs weekdays at 3pm throughout February with the new series airing in March. Travel Channel is on freeview 42, freesat 150, Sky 249, Virgin 292

New auction company offers a fresh approach to buying and selling classic cars

Berlinetta Classic Car Auctions launches this month with the intention of providing a fresh and enticing alternative to the traditional routes available when buying or selling your classic.

Choosing the right Realtor for your buying and…

Buying a cottage country property, luxury estate or vacation property is an important decision, so its wise to choose an agent who takes your decision just as seriously as you do. It also pays (literally) to choose an agent who has a lot of experience in the market youre looking at, to give you the edge in the negotiating process and help narrow down your property selections to a handful that will best serve your needs for the best value.

The reputation of the Realtor youre choosing is also very important. Not only is Jay a cottage country resident who gives back to the community through charitable efforts, but she has also been endorsed by many clients for her effectiveness in the real estate buying and selling process. Her winning attitude means you can ask her any questions at any time and she will have an answer for you, and she will strive to make decisions in your best interests so youre happy with the outcome.

Its important to interview your potential Realtor to ensure youre comfortable with them before signing any agreements. Jay and her team want you to be confident with her as your representative, and will prove their value as they help you navigate the sometimes tricky market. Signing a buyers agreement doesnt have to be a scary proposition!

To find out more about how Jay can help you in your cottage quest, visit her website or call the office at 705-635-9992. You can also connect with her team on Facebook for more information and updates.

Healthcare stocks in Hong Kong stand out as directors tone down buying and selling of company shares

The buying slowed while the selling among directors was low for the third straight week based on filings on the exchange in the last week of January. A total of 61 companies recorded 395 purchases worth HK$988 million versus 8 firms with 57 disposals worth HK$8.8 million. The number of companies and trades on the buying side were down from the previous week’s 76 firms and 453 acquisitions.

The buy value, however, was up from the previous week’s purchases worth HK$868 million. On the selling side, the number of companies and value were down from the previous week’s 11 firms and HK$69.4 million. The number of disposals was sharply up from the previous week’s 42 transactions.

While the buying by directors slowed last week, the buyback activity plunged with 35 companies that posted 184 repurchases worth HK$402 million. The figures were sharply down from the previous week’s 53 firms, 307 trades and HK$1.39 billion.

The buying was heavy in the health sector with buybacks in Dawnrays Pharmaceutical and insider buys in China Regenerative Medicine, Lee’s Pharmaceutical, UMP Healthcare and Modern Dental Group.

Medicine developer and manufacturer Dawnrays Pharmaceutical recorded its first buybacks since February 2015 with 760,000 shares purchased from January 28 to 29 at an average of HK$5.04 each. The trades were made on the back of the 36 per cent drop in the share price since July 2015 from HK$7.84.

READ MORE: Company directors emerge as active buyers following share price pullback

Despite the fall in the share price, the counter is still up since February 2015 from HK$3.95. The group previously acquired 3.85 million shares from January to February 2015 at an average of HK$5.10 each and 29.6 million shares from January 2006 to February 2009 at an average of HK$0.712 each. The recent buybacks bodes well for shareholders as the stock rose by an average of 13 per cent six months after the group bought shares based on 87 filings since 2006. The stock recorded a price gain six months after on 92 per cent of those filings. The stock closed at HK$5.25 on Friday.

Executive director Dai Yu Min picked up where he left off in bio-medical and healthcare products developer China Regenerative Medicine in December 2015 with 25 million shares purchased from January 15 to 27 at HK$0.45 to HK$0.33 each or an average of HK$0.354 each. The trades, which accounted for 18 per cent of the stock’s trading volume, increased his holdings to 4.141 billion shares or 24 per cent of the issued capital.

He previously acquired 19 million shares from December 29 to 30, 2015 at an average of HK$0.40 each. The purchases since the last week of December 2015 were made on the back of the drop in the share price since October 2015 from HK$0.55. Prior to his purchases in the past two months, Dai bought 11.9 million shares in May 2015 at an average of HK$0.674 each and 52.6 million shares from February to June 2011 at an average of HK$0.22 each. The counter closed at HK$0.345 on Friday.

CEO Li Xiaoyi acquired shares of biopharmaceutical products manufacturer Lee’s Pharmaceutical Holdings at lower than his sale price in September 2015 with 157,000 shares purchased from January 18 to 22 at an average of HK$7.46 each. The trades, which accounted for 24 per cent of the stock’s trading volume, increased his holdings to 54.885 million shares or 9.35 per cent of the issued capital.

The acquisitions were made on the back of the 31 per cent drop in the share price since October 2015 from HK$10.80. He previously sold 5,000 shares on September 25, 2015 at HK$10.30 each. Prior to that disposal, the CEO bought 74,000 shares on July 7, 2015 at HK$10.71 each. Prior to his trades since July 2015, the CEO sold 198,000 shares from July to September 2014 at HK$10.19 each and 1.53 million shares from May to December 2013 at HK$6.46 each. The stock closed at HK$7.14 on Friday.

Executive director Michael Sun Man Kin recorded the first corporate shareholder trades in healthcare solutions providers UMP Healthcare Holdings since the stock was listed in November 2015 with 11.1 million shares purchased from January 20 to 21 at HK$1.14 each. The trades increased his holdings by 739 per cent to 12.590 million shares or 1.71 per cent of the issued capital. The acquisitions were made on the back of the 39 per cent decline in the share price since December 2015 from HK$1.87. The director’s purchase price was sharply lower than the IPO prices of HK$1.92 to HK$2.20. The stock closed at HK$1.06 on Friday.

Chairman Chan Kwun Fung recorded the first on-market trades by a director in dental prosthetic device provider Modern Dental Group since the stock was listed on December 15, 2015 with one million shares purchased from January 14 to 20 at HK$3.20 to HK$2.91 each or an average of HK$3.01 each.

The trades, which accounted for 6 per cent of the stock’s trading volume, increased his holdings to 470.248 million shares or 47.02 per cent of the issued capital. The acquisitions were made on the back of 34 per cent drop in the share price since December 2015 from HK$4.53. The chairman’s purchase prices were lower than the IPO prices of HK$3.40 to HK$4.90. The stock closed at HK$3.08 on Friday.

Buying and selling homes in the Indianapolis market

The real estate market can often be tricky. You may be wondering, is 2016 expected to be a buyer’s market, a seller’s market, how soon should I list my home, etc? These are just a few of the questions that home buyers and sellers may ask themselves before taking the plunge. To help sort it all out, we’ve enlisted the help of Chief Economist Jonathon Smoke, from!

The top tips for 2016 home buyers include:

-Start early. Over 85 percent of buyers who plan to purchase in the next year intend to buy in the spring or summer of 2016, according to our most recent® survey. With roughly 50 percent more listings inventory relative to the number of potential home sales expected in January and February, buyers who start their search early face less competition with nearly the same number of homes.

-Comparison shop for mortgages. Next year, mortgage rates are expected to reach 4.65 percent and prices are predicted to rise 3 percent year over year. Buyers planning to finance their purchase should put as much effort into getting the right mortgage as they do finding the right home. A lower interest rate can make the difference in qualifying for a home and save thousands over the life of the loan.

-Consider a new home. In 2016, the number of new homes on the market is expected to grow more rapidly resulting in a 16 percent increase in new home sales year over year. Buyers should consider the new home options in their market; they are likely to have less competition and to enjoy a broad selection of homes. While new homes are typically higher in price, they’re usually larger and offer performance advantages and warranties that could reduce operating and maintenance costs.

-Best area to buy a home: Midwest or South. The biggest issue expected to hold buyers back this year is an inability to find a home in their price range. Considering a home purchase in the Midwest or South may be a good option for those who really want to close in 2016.

The top tips for 2016 home sellers include:

 List during peak season. Unlike buyers, demand benefits sellers. Prime home buying season begins in April and reaches its peak in June, according to® analysis of home sales. Sellers who list their home during the prime spring and summer months benefit from a larger population of buyers and potential bidding wars, which often result in higher prices and faster closings.

 Price a home to the market. In 2016, prices are expected to increase nationally 3 percent year over year. Sellers who work with a local REALTOR to optimize the price of their home based on its unique features and surrounding neighborhood are often able to receive the highest price for their market and sell more quickly.

 Offer incentives. Last year, 37 percent of all sellers offered incentives to attract buyers[i]. Sellers who are open to negotiating beyond price are more likely to find scenarios that result in wins for both sides resulting in a potentially faster sale and more seller profit.

 Best place to sell a home: California. While many local areas are showing favor to sellers this year, California markets are accelerating past the positive national averages and showing extremely favorable conditions for sellers.

For the full 2016 housing forecast: