Benefits Of Real Estate Teams

team photoIn recent years, the real estate industry has changed dramatically.

With the advent of new technology and more home sellers and buyers using the internet before selecting a real estate agent those who have not kept up with the times and technology are destined to fall behind the leaders.

Take for example the concept of real estate teams. Most industries have utilized team concepts to their advantage for years: corporate departments, sports, small businesses all utilize the team concept for growth and profitability.

The real estate industry however has historically placed real estate agents as sole entities, training them to be stand alone islands left to their own devices and abilities.

However, in recent years this ‘old school’ training has slowly been side stepped by some of the most profitable and top producing real estate agents in the country.

By realizing and implementing team concepts into a real estate agents business, these agents can provide substantial benefits to their customers’ traditional methods lacked.

Let’s examine a few of the benefits of being on a real estate team…

Marketing and advertising

Teams utilize shared expenses in marketing and advertising to a much greater degree due in part to having additional resources by way of more agents as well as an increased visibility in the communities.

Stand alone agents must pay for all marketing and advertising costs themselves with little assistance from the brokerage. It is up to the individual agent to market and advertise properties for sale using their own limited funding.

With teams, agents do not have to fund the advertising costs alone. Having more agents available to share the costs greatly decreases an agents cost outlays and increases their profitability.

In addition, sellers can be assured that their property will reach more potential buyers. More potential buyers in turn may mean quicker sales and often times better realized profit.

Let’s not forget about our buying customers who also benefit greatly from the real estate team concept. Regular team meetings to discuss customers’ wants and needs may often present opportunities missed by the solo agent.

More minds working on a task tends to produce better results!

Experience and training

Teams benefit not only from 1 agents experience, but the combined experience of the entire team.

This aids the individual agents by having insight and experience to draw on for help in problem solving and working with difficult property issues as they arise.

Having a larger ‘pool’ of experience to draw on provides agents with less experience increased training opportunities in a much quicker time frame.

Support

The real estate business experiences business peaks and valley’s through out the year depending on locality.

During the busiest times of the year some agents may not be able to provide the support and services which they normally provide due to the number of customers they’re working with at one time.

On a team, this is never the situation as there is always someone on the team that can lend a hand, provide support, show customers properties, write contacts etc.

Fun and Camaraderie

Teams tend to be much more fun!

Think about this a moment: If an agent is working alone, they may be able to visit and entertain with a few other agents in their office when not busy.

However, with a team you get the closeness of friendship and support that only a group of like minded professionals enjoy.

Team events, dinner parties, team meetings etc. all lend themselves to additional fun for the agents providing the ability to relax and share good times with others.

While many agents continue to employ the ‘old school’ traditional techniques in running their businesses, the more successful agents employ the team concept to provide increased customer services, reduced costs to team agents as well as increased profits to sellers and agents alike.

Growing a productive team is a key ingredient in running a successful real estate business in today’s market.

Property Investment Vs Property Speculation

Property photoMost people get Real Estate wrong for two simple reasons.:

1. They don’t understand the difference between an asset and a liability
2. They don’t understand the difference between investing and speculating

The broke majority live under the misguided belief that their family home is an asset. An asset by definition is Something valuable that an entity owns, benefits from or has use of, in generating income. The key is the words generating income. By that definition your home is not an asset, it is a liability. It does not generate income, it costs you money.

The broke majority will borrow as much as they possibly can, to buy the most expensive home they can afford, in the mistaken belief that this is a good investment. In fact they are are burdening themselves with the worst kind of debt. Long term, expensive, non-deductible debt that produces no income in return. The same kind of debt that lead to the housing collapse in the USA.

Successful investors understand this crucial point. Your home is not an investment.

The Business Dictionary defines an investment as Money committed or property acquired for future income. Now some will argue that an investment doesn’t have to produce an income and cite as an example gold bullion, collectibles or share futures contracts. By definition, none of these are investments, they are items of speculation. They can go up in value or, just as easily, go down. You are speculating on the future trade-able value, not investing in the inherent value of the income an asset represents. Tens of thousands of homeowners around the world discovered in 2009 that home values can fall and can fall dramatically and disastrously.

If you buy a house to live in with no income return expected from it, but in the hope it will increase in value, you are speculating not Investing.

If you buy a house to rent out, you are investing. The Australian government has long recognised the difference and that is why they allow you to claim the expenses relating to a rental property, including interest payments, as a tax deduction but do not allow any deductions for expenses incurred in buying a house to live in. In other words, the government is willing to share the risk of investing in income generating real estate because the risks are lower than tying up your money in your home.

Smart investors have a small or no mortgage on their own home and the majority of their borrowings are for rental property because that is the lowest risk strategy. They also get the best advice they can on quickly reducing the mortgage on their home.

Mentors in Real Estate Investing

Mentors photoChanges in the real estate market create new niches and investment strategies. One must be able to work well with the changes as this is one area of investing that is constantly changing and updating. If you are new at real estate investing, you should begin working with a mentor and complete some transactions with a partner to reduce your financial and liability risk. A mentor will help you to avoid the common mistakes made by many real estate investors. Begin to educate yourself; do some research on the internet, attend seminars and join a real estate investing association.

What should you look for in a real estate partner or mentor?

The first and most important issue is finding someone who you can work well with; someone who shares some of your interests and goals in succeeding in real estate investing. Your first real estate partnership should be worked with someone who will also be a good mentor; someone with years of active experience and one who is successful. Meet as many real estate investors as you can; talk to them about what they are doing and how it is working for them. Many experienced investors are looking for partners; some are looking for new people to mentor.

Of course you’re looking for a partnership with someone who can be trusted and one who is successful. But there is so much more to real estate investing than just knowing the investors. There are many people you need to know, including investors, realtors, brokers, builders, property managers, home inspectors, title companies, lenders and insurance providers. A successful investor already has these resources in place.

A partner or mentor with years of active experience will know how to structure each individual deal. He should be able to show you previous deals he has worked where he consistently showed profits. He should be able to show his experience using different exit strategies, for example, short term transactions, like wholesaling; and long term transactions, like land contracts and lease purchases. He will be one who knows where we stand in today’s real estate market and how to take advantage of the current market conditions.

What do you expect out of a real estate partnership?

When you find your mentor, a real estate partnership will naturally form. Mentors like to work partnership deals while they show you the ropes; there’s no training like hands-on training. Do you know what you are looking for in a real estate partnership? How much involvement do you want in the financial investment and management responsibilities? Are you looking to be a very active partner or one who stays behind the scenes? Are you interested in commercial or residential real estate? Are you looking to invest in rural, urban or suburban areas? What type of real estate deals are you the most interested in; wholesaling, holding for cash flow, or is there another niche in today’s market, like short sales, that interest you?

Once you worked out the financial and work responsibilities, discuss the profit split and how and when you will be paid. When will you begin to see profit? How much do you invest now? What are the risks?

Liability exposure is something to be considered in the real estate investing world. Will the partnership be set up as a corporation or limited liability company? Will your personal assets be protected should something go wrong? Be sure to address these issues with your partner.

A good mentor will make sure you understand all the important issues before you begin investing. He will explain how the partnership will be set up, what your financial investment will be and your degree of involvement. He will also cover the profit split and explain the financial risks and liability risk of each deal.

To the average person, real estate is a shaky market and one should think twice about investing in property now. The experienced real estate investor sees things in a much more positive light. There is a very high supply of bank-owned real estate, known as REO property, foreclosed homes, pre-foreclosed homes, motivated sellers and much more. The demand for these homes is relatively very low; therefore, real estate values are down and houses can be bought cheap. According to simple economics, the laws of supply and demand, this is a great time to begin investing in real estate.

If you’re very new at the game, you will want to educate yourself and find a good mentor who will work deals with you in a partnership. Join your local real estate investors association, attend workshops and meet other people who have been successful investing in real estate. Get to know the investors in your area who share your interests and find a good person to work your first real estate transactions with.

Real Estate Entrepreneurs Who Ever Defeated Donald Trump’s Treasures

Donald Trump was a well-known entrepreneur and succeeded in taking office as ruler of the White House. He was inaugurated on January 20, 2017, as the 45th president of the United States. Trump’s reputation is known in business and entertainment, and has almost no track record in politics. The quirky billionaire was once the king of casinos and later known as property tycoon.

His wealth is estimated to be US $ 2.9 billion versions of Bloomberg, US $ 4 billion according to Forbes, or “more than US $ 10 million” – according to Trump himself. That way, Donald Trump is probably the richest president in the history of the United States. The amount of wealth is definitely beyond what belongs to John F. Kennedy – which if converted based on the value of dollars in 2015 reached US $ 1 billion. Although, the amount of Trump wealth is unknown.

Unlike Trump, a woman named Zhang Xin crawled from below. He comes from a country that would later be “hostile” US in the era of Trump: China. In 2013, the treasury of the once-destitute woman surpassed Donald Trump.

Zhang, a real estate developer from China, was ranked seventh the richest woman in the world. He collects treasures with hard work and own effort, not inheritance, the Forbes version. His fortune reaches US $ 800 million or Rp 7.94 trillion in 2013. Exceeded Oprah Winfrey, who is world-renowned as a billionaire from his own hard work. In 2015, this shouldow-haired woman has also been designated by Forbes as one of the 10 female billionaires in the world who managed to reach the ladder of success with its own effort. He has personal wealth of US $ 3.6 billion or equivalent to Rp 49 trillion. Zhang’s story is a mirror of China’s progress. And traces the role of Zhang who helped shape the urban landscape of the country can be seen from the company logo, SOHO, which clings to the side of buildings in Beijing.

Is a home buyer report right for you?

If you’re a first-time buyer or even an experienced buyer, it can often be baffling to navigate the whole range of options available at almost every part of the process. Of course, there are searches and reports that are required legally, or by the mortgage lender to release the funds, but when it comes to property surveys, what is the difference between the full-blown homebuyers report and the common or garden valuation? Crucially, as all transactions are different, what is right for you?


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Mortgage valuation

A mortgage valuation does exactly what it says on the tin: it looks at the value of the property to ensure you are paying a fair price for it. Generally speaking, a mortgage lender will contract a preferred surveyor for valuation and require you to pay for it. A mortgage valuation is little more than a quick scan of the property, to make sure it looks in good condition and assess that there is no urgent issue which is in need of repair.

Condition report

A condition report checks out the condition of the property, in more detail than the basic valuation. This is designed to complement the valuation by providing a traffic light rating of a range of different aspects of the property, with green meaning the area is fine, amber meaning some attention is required and red indicating a serious cause for concern. These are more expensive than a valuation due to the extra detail required.


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Homebuyers report

A homebuyers report is not generally required by a lender but is something that a purchaser can use to find out in detail the state of the property. A homebuyers report will look for obvious issues such as rot and damp but is non-intrusive. A surveyor carrying out a home buyers report will not move furniture or lift up floorboards to complete this. It is possible to get home buyers to survey Hertfordshire or anywhere else in the country by using your preferred search engine, or company such as https://www.samconveyancing.co.uk/Homebuyers-Survey/Home-Buyers-Survey-Hertfordshire. This is Money suggests that a homebuyers report is most appropriate for properties built in the last 100 years.
A building survey is more expensive than a home buyers report but is far more detailed, and most useful if you are considering buying a very old property.

Your Ultimate Equipment Checklist for Roofing Maintenance

Roofing jobs should be left to the professionals. But it’s always a good practice to learn how to check and maintain your roof. In a way, it’s helping you save money.

With roofing maintenance, you can spot damages right away. Once you call your roofing contractor, the damage they have to repair isn’t severe yet. This means you won’t be spending a lot of money for the repair, restoration, or replacement.

Equipment Checklist for Roofing Maintenance

That said, here is the list of the most important equipment you need to have at home. You can use these for roofing maintenance.

Ladder

If you can get a ladder that’s 30 or 40-feet high, the better. This is your way to access your roof. Ladders are also the most important.

Get the most durable ladder you can. Never skimp on your safety or else you may end up getting in an accident.

Also, never try to access your roof from windows and attics. This can be dangerous and you may have no way down.

Hard Hats

It may seem weird to have a hard hat when you’re not working in an industry that needs one. But it’s essential for roofing maintenance. You might fall down and a hard hat can help absorb the impact.

Additionally, some debris from the roof itself or nearby trees can fall down on you. A hard hat will protect you from head injuries.

Shoes with Maximum Traction

Professional roofers use steel-toed and soft-soled shoes whenever they’re at work. This ensures they have maximum traction when up on your roof.

If you’re up on our roof doing maintenance, it’s best you have on similar shoes. You can move with ease and comfort when you’re on your roof.

Heavy-Duty Gloves

You need your hands for roofing maintenance. Avoid getting it injured and wounded from any debris on your roof.

A pair of heavy-duty gloves with traction is a good buy.

Fall Protection

It’s best that you invest in any fall protection kit. These may include safety harness, roof anchors, shock-absorbing lanyard, or a rope lifeline. Make sure these are durable and can be attached to anything stable.

These equipment ensure you’re best protected from falling.

Hand Brush and Dustpan

Cleaning gutters and your roof is essential to avoid possible leaking and water damages. You can do this easily on your own without needing professionals.

That said, you can get a handy hand brush and dustpan for clearing gutters. Get one that’s easy to handle. Or with any features that allow you to clip in your belt or easy to bring to your roof.

Sealant and Coating

You can apply these for first-aiding several minor leaks and damages. Buy high-quality ones and those that are made specifically for your roof.

Paint Brush

Use this when coating your roof. Any high-quality paint brush will work. You can also find these easily.

Conclusion

Roofing maintenance is an essential part of keeping your roof intact and in the best shape. Maintain it every once in a while and most especially before and after rain or snow.

Organized Real Estate Transactions with Best Value for Property

BUYING AND SELLING PROPERTY IN AN ORGANIZED MANNER

More than 95% real estate leads are generated online in the US and developing countries like India will soon follow suit. So it is very important to have a listing portal that helps agents and brokers to promote their listings. It is very important to be a part of this vibrant and ever-growing business field of real estate brokerage. However, it is even more important to be part of a successful global network. Real estate industry professionals need to work on a business model that has successfully been employed in major countries across the world. To overcome the inefficiencies of the real estate industry, it is important to have the use of training, technology and be ahead of its time. The RE/MAX policies of cooperative growth and shared office expenditure, ensuring that a person can focus more of his time on earning and doing transactions, is a collaborative way of doing business and making sure that everybody wins.

PROBLEMS IN THE CURRENT REAL ESTATE BROKERAGE SYSTEM

  1. Less inventory: The number of sellers one represents in the market
  2. Less leads: The number of buyers one represents in the market
  3. Budget to advertise: Agents and brokers have little money to spend on advertising.
  4. No training on real estate broking : Lack of knowledge of the real estate industry
  5. Staff retention: Employees do not stay for long in the system.
  6. Staff monitoring: Employees need to be given more time in terms of monitoring.
  7. Staff motivation: Motivation levels fluctuate as per the market dynamics.
  8. Recognition: A small office cannot recognize the efforts of a good employee.
  9. Restricted network : Network of a real estate broker is restricted to his local friends at the most
  10. No trust: Customers do not trust the average real estate broker, as agents are normally seen as dishonest.
  11. Unorganized market: The property market is unorganized with no entry barriers and no regulatory body.
  12. No international presence: Lack of reach to international locations plagues property agents.
  13. Builders have to spend a lot of advertisement: Since selling agents are not coordinated, builders are spending a lot of money to promote their projects.

WHY A REAL ESTATE PORTAL IS NOT THE SOLUTION TO YOUR PROPERTY NEEDS

There are many real estate portals competing online in India right now, such as MagicBricks, 99Acres, Makaan and IndiaProperties. These property websites constantly vie for the attention of real estate buyers, sellers and tenants.

Online property portals on the Internet were established with an agenda to remove or bypass real estate brokers and agents from transactions taking place in the industry. They allow customers to list properties directly with the idea of eliminating the broker from the chain. However, nobody knows better than a broker that only a well-established property agent can give local market knowledge, help with paper work and find the best deal for the client at the lowest possible cost. It is difficult as well as unreasonable to try and eliminate agents and brokers out of the network.

HOW REAL ESTATE VALUERS CAN BE PART OF AN ORGANIZED REAL ESTATE BROKERAGE SYSTEM

The primary job of the broker is to sell the property he lists. The value at which a property is listed is of prime importance. If the property is undervalued it will sell fast but the seller will lose substantially. If the property is overvalued then it will take a long time to sell and the seller will lose on interest with increased opportunity costs and the may miss an ideal investment prospect.

A valuer can not only list the property in the market at the right price, he can also convince the customer that the price is perfect as he has the precise knowledge as to why the property is valued at that price.

KEY ADVANTAGES A REAL ESTATE VALUER HAS COMPARED TO A REAL ESTATE BROKER

  • Trust: A real estate valuer gets the trust of the seller as he is considered to be an independent third party doing the valuation of property.
  • Knowledge: The valuation of a property requires in-depth knowledge of various aspects to valuation and knowledge of the field. This creates an entry barrier to anyone who wants to enter the field of real estate.
  • Mandate: Generally, a seller will not get multiple valuations done for the property. So, the awareness that the property might be up for sale is available only to the real estate valuer.
  • Early Involvement: A real estate valuer gets involved in the transaction much before a real estate broker. This gives a bigger advantage to him in both customer interaction as well as the whole property deal process.
  • Expectation Handling: A real estate valuer can set correct expectations in the mind of the seller, helping in the negotiation process which ultimately helps in faster transaction.
  • Allied Services: Real estate brokerage can be reflected as an allied service or value added service to the main earning business vertical of real estate valuation. Customers increasingly prefer a one-stop-shop that provides a centralized solution to their end-to-end real estate requirements.

Property Purchase Options in Malaysia

The Link 2

The Link 2 Residencies are a mixed development coveted for their contemporary and charming location. Situated right next to Twin Arkz – another luxurious project in Bukit Jalil – Link 2 is the epitome of a modern, contemporary lifestyle. The establishment is a development project comprising of shop offices and condominiums, providing its residents with a fair opportunity of indulging in their business ventures and having the comfort of living close to work. Situated in Bukit Jalil and surrounded by illustrious facilities, The Link 2 symbolizes an affluent and comfortable lifestyle.

The shop offices of The Link 2 Residencies are four and six stories tall comprising of a total of twenty-two units. The residential block of The Link 2 project comprises of five hundred and thirty-nine units distributed in two elegant towers. The residential condo units of The Link 2 are sized between 66 square feet and 1,218 square feet eight layouts in total.

Nestled in the finest zone of the Bukit Jalil property, The Link 2 has a centralized air-conditioned retail mall with retail lots up for sale to help you gear up for a successful entrepreneurial experience. Retail lots sized between 100 square feet to 500 square feet are available for residents to showcase their business ventures and introduce their retail name into the urbanized community of the Bukit Jalil property.

The Link 2 opens a door to an incredible experience where contemporary business meets urban living. Armed with facilities like office space, dining, entertainment, and a resplendent shopping plaza, Link 2 is one of the most remarkable development projects located in the Bukit Jalil property.

Our Projects

The Berjaya Corporation Bhd is a property company in Malaysia that has initiated both elite and mid-range development projects located in the most prestigious and sophisticated locations of the country. The real estate conglomerate has also begun to establish a prominent and reputable presence in countries abroad like Japan, Vietnam, Korea, and China.

THE RITZ-CARLTON RESIDENCIES

The Ritz-Carlton Residencies is one of the most stunning and luxurious properties by the Berjaya Group. The establishment itself is the paradigm of distinction and excellence both in the corporate world and in modern living. With its legacy of luxury living and sophisticated lifestyle, the Ritz-Carlton project once again lives up to its brand name. With its finest services and notable standards, the Ritz-Carlton Residencies is a prestigious housing project with countless facilities and services available for its residents.

THE PEAK

Located in Taman Tar, The Peak is one of the most coveted freehold bungalow projects offering its residents comfort living, and luxurious living spaces adjacent to lush green forests and the exquisite skyline of Kula Lumpur.

LANAI RESIDENCIES

Lanai Residencies is a freehold condo project situated at Bukit Jalil, Kuala Lumpur. It is an ideal location that offers sophisticated living spaces with quality services and facilities. With convenient and easy access to major areas of the city and fool-proof security system, Lanai Residencies is your destination to find a comfortable and secure home for your family.

How to Start Your Overseas Real Estate Portfolio

Real estate is a tried and tested asset class and the majority of people agree that as a long term investment commodity there is nothing really to beat it for consistently returning strong growth and increasing yieldshowever, when a country’s housing market goes temporarily cold as real estate prices move outside of the affordability gap, real estate investors often look overseas for the development of their property based portfolio.

Currently the real estate markets in countries such as the UK and US are slow and the ability to profit from property locally is reduced – therefore more people than ever are thinking about moving their focus abroad and starting an overseas real estate portfolio to enable them to build a passive income for life.

If you would like to learn more about building a passive income for life from investing in overseas real estate here are the main five considerations to bear in mind to maximize profit, reduce risk, increase yields and capitalize on opportunities as they present themselves but before we begin it is always prudent to mention that the value of any investment can always go down as well as up, and that investment decisions should be taken carefully and be made with the assistance of qualified and experienced advisors.

Tip One – Real estate markets around the world emerge, boom, go bust and re-emerge all over again, but they do so at very different points in time as each market is heavily dependent on the current state of the economy in the given country. As we all know economies ebb and flow like the tide and there is no such thing as a guaranteed market where property prices will keep rising. However, there are countries in the world going through major economic change where the real estate market is emerging and where the long term forecast is for a period of prolonged growth. An investor who is not risk averse and who is planning an overseas real estate portfolio should try and identify which countries have a strengthening economy and an emerging real estate market.

Tip Two – Having found an emerging market an investor needs to determine the key factor that makes an investment into real estate in the given country a good decision. I.e., if a country’s property market is simply booming because of hype and an investor can see nothing to support the long term success of the market then they should walk away. If an investor can see massive room for growth but an interfering government who may attempt to restrict property investors from taking their profits then an investor has to decide whether or not they can still make enough profit from real estate to make any investment worthwhile.

Tip Three – Having determined that there is potential within a given market an investor needs to learn how to harness the power of other people’s money! As real estate is an expensive and slow to liquidise commodity it is unwise to pay cash from personal funds for an investment property, rather it’s wise to raise finance at a low interest rate from a secure financial institution. An investor should look into whether an international mortgage or a local mortgage is possible and affordable when buying overseas real estate.

Learn about Anne Arundel County Real Estate

What gets most people that visit the area is the vast coastline. The country actually boasts over 500 miles of beautiful coastlines, which is adequately premium waterfront real estate, which is in extremely high demand. If that’s not enough, then there are plenty of activities available within the local community for all ages. The most popular include the likes of sports and extreme water sports, all kinds of fishing, crabbing and swimming./p>

For the younger people in the area there are two major skate parks which offer both fun and excitement. For the older people in the area there are over 70 country parks which work well with the nature reserves that are also open to the public on a daily basis. Anne Arundel caters for almost all ages and interests, so it is understandable why it is so popular for both residency and vacation related visits.

The only problem with the area is that if you visit, it is likely that you won’t want to return home. Don’t think this is a place for a -party’ retreat, but instead look at it as a place that embraces the good aspects of life. For instance, most mornings the 13-mile Baltimore and Annapolis Trail is a great place to visit. Here you’ll meet a range of hikers, joggers, bicycle riders and of course horse riders. Bird watchers are also a regular occurrence here. This is mainly due to the fact that there are a huge range of rare birds spotted on a regular basis such as heron, egrets and eagles.

If you are looking at purchasing real estate in the Anne Arundel County, then all of the above will aid the decision. If you are looking to move based on jobs and family based activities, then the following will definitely interest you. The local area is jam packed of action filled days and weekends for children and adults alike. There are camping weekends for youths as well as football and baseball home teams, that have had some decent success over the last couple of years. Of course, every year there is an annual Bay Bridge Walk, which is an experience not to be missed.

On the employment side of things, it is just as positive. Over the last few years the growth of employment in the area as been huge and has been recognised as one of the strongest in the state. On the flip side, the unemployment rate is also one of the lowest compared with surrounding areas. This makes it both a great place to purchase real estate and an extremely stable place to be employed.

Because of the desire to live and visit the area, residential and commercial investors are jumping on the real estate ladder. You’ll see a range of properties that have been developed to an extremely high standard. A lot of the properties that have been redeveloped by real estate professionals are available to rent for vacation rentals or even long term rentals. Quick research on local property sites will see the high demand that the area gets. Property prices are steadily rising and as the local residents develop the area to become even more active, it is likely that property prices will see a sharp rise over the next few years, regardless of the economic downturn.

Thanks to ThomasvileHomes.net, builders of Anne Arundel county homes, for this article. Visit their website for more information on the company.

Registration Cost Of Properties To Increase In Andhra Pradesh

The Andhra Pradesh government in a bid to offset the revenue loss due to the real estate slump last year, ordered a fresh assessment of market value of all types of properties and effect the increase immediately.

The Andhra Pradesh government while issuing the orders for a upward revision of the market value of land and other forms of property in the urban as well as rural areas of the State wherever necessary, said, the exercise is being done to keep registration values inline with the property prices prevailing in various parts of the state.

According to the official sources, registration charges will go up once the revised market value of land becomes effective from the 15th April 2010.

Keeping with government orders, the Stamps & Registration Department officials have started a Statewide exercise to assess the actual (real) values of the lands and properties in consultation with their counterparts in the Revenue Department and tabulate them location-wise after upward valuation. The revised market values will be displayed at the sub-registrar offices all over the State, by 15th April 2010.

Revision is applicable to Apartments too

According to the registration department sources, the assessment is being made in case of flats and apartments too in urban areas, especially in Visakhapatnam, Vijayawada, Tirupati, Guntur, Warangal, Rajahmundry, Kakinada, Kurnool, Khammam,Nellore, Ongole etc where the value of land and property has gone up steeply. However,in contrast, the property prices in Hyderabad and its suburbs remained subdued or crashed by 15 to 20%.

Once the enhanced market values are displayed at subregistrar offices in the state, people purchasing the lands and properties will have to pay more towards registration charges.

Although the rates or percentages at which stamp duty, transfer duty and registration fee are collected remain unchanged, the “registration charges” go up as these will be collected on the enhanced market values.

Long overdue

Government sources said the they planned to effect an upward revision of the market values in all the urban and rural areas from April 1 for registration purpose as such hike was due from August 1 last. Under the new policy, the market values will have to be raised annually for both rural and urban areas.
It, however, deferred the decision, fearing possible public outcry and in view of the slump in the real estate market due to global slowdown.
The figures released for the year ending 31st March 2010, the Stamps & Registration Department incurred a 23% shortfall in revenue accruals. While increasing the target for the new financial year by almost 10%, the government has set a whopping Rs. 3500 crore as the new benchmark.
It is no secret that government found an indirect way to fill its coffers by increasing the property values without touching the figures of stamp duty, transfer duty and registration charges.
This move, is certainly going to create ruckus in the real estate sector in the state which is slowly but steadily recovering from the economic and political jolts.
After all, the state is now under the rule of a man who is known to be the master at playing tactics vis–vis financial management.

Investors Choice in 2015 are Residential Projects in Noida – AtnInfratech

Everyone thinks of owning a wonderful home that is designed with feelings where mind can discover serenity and one can enjoy the feeling of self content. There is a big lot of migrants who have come to Delhi from various declares in search of a better job. For having a proper pleasant life, a leased house is never recommended. Thus, individual’s strategy to own houses so that they can discover psychological fulfillment. At the same time, there are individuals who wish to get their money in property. This sector guarantees higher results, thus it turns on traders a lot. Qualities are expensive in Delhi, consequently individuals run towards the creating NCR region; Noida. The town of New Okhla Industrial Development Authority had been designed to meet up with real estate, commercial & industrial need when Delhi become over booming and more complicated to own.

People are generally in a row for buying houses in residential projects in Noida. Noida is the best among NCRs because the location is full of plants. The town has better company leads, consequently big number of company companies have lately set up there. This has produced numerable qualitative job possibilities for citizens. Various big company and MNCs have recognized their secret headquarters in Noida. Thus, the job possibilities are not less. This is performing as add on for individuals who are planning to purchase personal flats. In addition to this, the town is providing better knowledge to learners. Various excellent universities give learners the quality to train and learning. The features at Noida is extremely excellent and provides world-class comfort through well designed roads; transportation system and 24X7 energy back up. With the inbound of the Delhi City, its connection with the investment and around places has become even simpler. It is not just Noida; even the adjacent places like Greater Noida and Noida Expansion are being recommended by the Indian inhabitants. With enhancing the Noida Show Road these places are simpler to reach.

One can come across numerous flats & apartments in Noida for sale that offer both high-class and comfort. These models are available in choices of 1/2/3/4 BHK prepared with best features in reasonable prices. It is eventually performing as magnetic for both citizens and traders. There are various tasks going on across the area where one can strategy to spend money on. Every industry of Noida provides best to citizens. You have the perfect opportunity to own a dream home with every amenity you swish for in a prime locality In your budget.

Capitalisation Rate In Real Estate And How To Calculate It

Capitalisation rate is the percentage figure used to find out the current value of a property based on a figure of future net operating income. When divided with the capitalization rate, the net operating income of a real estate property will provide the approximate market value of the property.

When determining the capitalization rate of a property, the rates applied to real estate properties of the same nature sold most recently is used. When determining the capitalization rate, the sales value of an asset sold most recently is divided by the income it generates decisions. This provides a more objective way of valuing real estate properties which can be used not only by the seller but also by the buyer alike. It will assist the seller get the right piece for his investment while the buyer prospective buyer will use it to make informed decisions as to whether or not the value of the property is properly estimated.
This acts as a good base for estimating the value of income generating real estate properties when buying or selling. By looking at the sales price and income of other related properties located in similar environment, you can come up with an acceptable capitalization rate that will enable you determine the value of your asset based on the current income.

Determining the capitalization rate need not be an arduous task. You can start by collecting the statistics of recently sold properties in similar or the same locations as your property. The chosen property should correspond with that of your property. You need to determine with high degree of accuracy the net realizable rentals by the owners of the property. For instance, you can take the net rental income realized by the owners to be $30000.Get the sale price of the asset and divide the net income by the sales price. This will give you the capitalization rate. If in this case the property was sold at $900000,you have it divide by the net income of $30000,the resulting figure will be 0.33.Then convert this figure to percentage points by multiplying it by 100.This will give you a capitalization rate of 3 percent.

Capitalisation rate have become a great help to the owners of property owners who have the intention of selling them. Without capitalisation rate, it would be hard to value real estate assets. Many people would be deceived to accept lower prices by the buyers of the same properties. Since you will use other properties that are independent from yours when working out the capitalization rate, you will be assured of a better return when you finally decide to dispose your property. The determination of this rate need not be a headache. The procedure is quite simple. Get the net income of a real estate property sold in recent times and divide it with the sales value. Then you convert the figure obtained to percentage form. This figure will aid you in working out the real market value of your asset.

Know The Work Environment Of A Real Estate Agent

Any such person usually has extraordinary skills in researching various properties of the region, making an analysis of the properties and then bringing in together the right kind of buyers and sellers. The work of any Calgary realtor involves hours of research, training and continuous education to stay updated about the property market in Calgary.

The work environment of any Calgary realtor may not always be comfortable and luxurious. A realtor might not spend his office hours in the comforts of his office, but he might be moving from one location to another, attending seminars, workshops and open houses to know more about properties. He might hardly get to spend time in his office and work in a relaxed manner. An agent might often be required to work beyond the standard forty hours a week and work full time during weekends and evenings too to meet the various commitments towards the clients. He usually does not have any fixed working hours and the working hours might really be long and very irregular. A realtor has full freedom to determine his own working schedule as per his needs. It has been observed that agents do not even get the luxury of a Sunday when there is too much of work load.

The recent advancement in telecommunication and the use of internet in property dealing has helped many realtors to work from the comforts of their homes. They can now use internet to get in touch with their previous and prospective clients, have their own websites and store all relevant data in their own office. If any realtor wishes he can make his own home his office and work as per his own schedule. This reduces external hassles related to communication and traveling and makes him have a work environment as per his own liking.