Spotlight on How to Get Benefited from Real Estate Investment

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Real estate investment is a smart move one can make for profit. It is really a no-brainer to invest on land, house and agricultural farm. But one needs to be little bit cautious about the fluctuating market to avoid any loss and maximize profit.

Land investment should be done by taking various factors into account. Locality of the property plays a deciding role in making profit. A healthy economy of the nation also boosts real estate market. Hence some factors should be taken before investing on land. Some tips to get benefited from this investment are given below.

Research
A thorough research should be conducted about the locality of the property and market status there. Some places are deprived of any land purchases and the properties there cannot fetch any profit to the investors. Even finding customers for such properties is a hard task. Investing on lands near cities and towns can prove profitable. Buying one near any proposed factory or industrial area can also prove to be a smart choice.

Long term ownership
Property flipping is usually done for quick profits. A land is possessed for small time period and then it is sold out after increase in its market value. Many people resort to this technique for risk free investments. Opposed to this, long term ownership on a land can fetch huge profit. If the land is in a developed or developing locality, then the face value can increase immensely over time.

Quick reaction to the market
Real estate market is sensitive to various factors. Even a national or international level issue can show adverse effect on this niche. Hence it is important to assess the financial and political situations regularly. If any problem is suspected in the near future, then it is good to dispose the land quickly for profit.

Following these tips can ensure that one can get immensely benefited from real estate investment.

How to be a Smart Property Buyer

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With the hard economic times hitting the real estate market and a number of homes for sale in the real estate market, buyers are having a hard time finding good houses to buy at reasonable rates. But there are a number ways to go about on how to be a smart real estate buyer as outlined below.

Make a List
It may not be easy to make up you mind in this step, you need to be sure what your real needs are when it comes to home investment. Many buyers end up having too many wants instead of sticking to their main needs. The more items a buyer needs the hard it will be to locate them thus they end up missing potential perfect properties.

Study the Property Zone
While property rates remain stable in certain areas, in other areas rates and sales have dropped more than 30% over a couple years that have passed. Be sure to buy a home in a neighborhood with steady sales record.

Work with Professionals
Real estate buying process is not an easy task. Do not explore the unstable real estate market on your own. A qualified and licensed real estate agent can have the current sales figures to assist buyers find the home they need at reasonable rates.

Find out your Credit Score
Your credit history and credit score are crucial. Strict underwriting rules have been put in place to the type of loan programs you can access and have a chance of getting. Know the right tactics, the higher your score is, the higher the chances of qualifying for a loan.

Avoid Procrastination
In the current market, a smart home buyer will not sit and wait until the prices go up. Your agent can easily get information and advice you on how long a property has been in the market and how the seller will easily consider your offer. If you wait until the rates are up again, chances are that you will pay more and have no room for negotiation.

Jaipur Property Investment – Pros & Cons

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The real estate market has seen ups and downs all around the globe. However, there are still flourishing areas where the real estate bubble has not popped yet, and it doesn’t seem to be getting any close. Property investment in Jaipur is a recommendation from most specialized realtors, as the area has seen tremendous growth over the last 3 years.

Industry development and the rise of Jaipur as an IT Startup center, along with infrastructure increase is making it one of the most appealing destinations for companies, manufacturers and investors.

Property Purchase Pros

The residential and industrial properties available for someone to buy are still diverse, with many advantages, if chosen properly:
A property approved by the JDA (Jaipur Development Authority) has more value and increase prospects over the years;

Investing in a smaller lot, house or apartment in the Jaipur area creates a wider range of customers from which 2 income possibilities appear:
The property’s increase in value over the years
Rental income

Residential advantages: since Jaipur is the fastest developing metropolis in the country, the industrial projects go hand in hand with residential ones. At the same time, parks, recreational opportunities, educational institutions and commercial ones are growing at the same rate

Jaipur’s property value growth is rated around 10-15% annually, making it possible for a somewhat fast passive income.

Real Estate Investment Cons

However, even if there are great advantages to property investment in Jaipur, there are also downsides one must be aware of before making a purchase:

The electrical, drainage or street light systems often have issues, so if the purchased property is not located near a VIP person, there might be problems or even delays in fixing a problem.

Corner and property with Vaastu are a priority. The Indians are highly religious people, and finding a property that doesn’t enable their beliefs or rituals could be hard to sell in the future.

Road or industrial expansions: the biggest threat to a Jaipur property investment is the possibility that the government might want that lot for road expansion or other type of development. That means the property will be bought by the Indian Government at a fraction of its market value.

Construction quality: A developer’s catalogue of properties, apartment buildings or houses may be impressive. But no purchase should be made without verifying the property in person. Bringing the family or other future residents is advisable, as well as an independent civil engineer who might asses the quality of the building.

Investing in a Jaipur property is still considered a deal, especially for those planning to increase their income by selling in a few years. However, commons sense must dictate the decision made, and not just the “rush for gold”. Success will follow.

5 Tips for Dealing With Real Estate Agents

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When shifting from home renting to home ownership for the very first time, it can prove to be a complicated task. Such a situation to ease the matter compel for a hand holding through enlisting a real estate agent to see them through the process.

The real estate agent has been in the market, providing services that few can do, therefore, need a good rapport when dealing with them.
The following are some of the tips for first-time property buyer to reap maximum benefits for the large pool of real estate agents and at most get the best from the relationship developed with a real estate agent.

Take your time in the decision-making
A real estate agent may pile pressure to the clients asking them to make a quick move and give the best offer on spotting the preferred property. Look at and make offers on a number of properties as this give the home-buyer enough strength in the real estate transaction. Use time to your advantage and counter the agents rush to sell off the property.

Look for property online listing
Real estate companies have deviated from the conventional ways of selling off their property by using online listing to bypass the agencies. In a bid to attract the attention of first-time buyers, the companies offer their potential buyers the best rates with discounts that might see you saving a few bucks on the transaction. This still alleviates the conflicting if interest issues between the involved parties with their agents.

Make strategic low offers
Most real estate agents discourage the first-time buyers from making relatively low offers for apartments or other developed properties. In such a case, a low offer may only have an impact if the seller turns it down. Go ahead and make a low offer is call calls for a counter offer that at last arrive a central point favoring both the property buyer and the seller.

Double-check everything
Real estate agents earn when they sell and thus make them sales people. They are not your friends as a first-time buyer and therefore caution in dealing with them is advisable at all times. The agent may not have your interest at heart as they work for commissions, therefore, pushing for a rushed purchase. Double-check every aspect and move at your pace before paying for the property. Make them understand that you need the best business deal.

Avoid signing documents not conversant with and see clarification
Some real estate may not give clear interpretations to some documents they present to you. Learn to seek clarifications where not clear as some real estate agents may be up to no good. Ask for clarifications until you fully understand the content.

Finally, despite the good relationship developed between the client and the real estate agent, learn what to share with the agent as well as the information to hold. The agent is in the business, and the interest between both of you may not often align.

3 Major Things You Need When Investing in Jaipur’s Real Estate

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There are many factors why an investment in property in anywhere in Jaipur is a good idea. Jaipur is a historical are full of attractions to tourists thus there are many people seeking places to stay, plots to construct hotels and businesses. This is evident in the booming real estate market. However, it is not at all a straight forward project as seen in the cases of stalled projects and cases where the government has ordered the demolition of certain buildings and apartments. Such instances can cost you your investment as many prospectors have found out. As such, here are three things you will need to guarantee you a successful investment. Continue reading “3 Major Things You Need When Investing in Jaipur’s Real Estate”