Working In A Real Estate Agency: Pros

real estate agents in India

Many young people, after graduating from a university and not finding work in their specialty, or even losing their job, are looking for sources of income for themselves.

Today, it is quite difficult to find a good, highly paid job that will bring not only financial stability, but also moral satisfaction, despite the wide range of offers on the labour market of our country. And for many, the best option seems to be working in a real estate agency.

There are many reasons why potential applicants are attracted to vacancies in the real estate industry- no special education, flexible hours, constant contacts with people and the prospect of useful acquaintances, high income. It should be borne in mind that there are many difficulties that real estate agents have to face.

Working in a real estate agency

What is the essence of working as a realtor? A real estate agent is a specialist who conducts real estate transactions. Not only his personal income depends on his skills and abilities, but also the reputation of the agency.

Therefore, when hiring a young specialist, the directors of companies teach him the minimum skills, and then each realtor learns in the course of work, self-learns, which allows him to achieve good results in his professional activities.

If we talk about the responsibilities that fall on the shoulders of real estate agents in Noida, then it is worth highlighting the following:

  • Search for potential clients to increase the client base.
  • Working with clients – sellers and buyers.
  • Search for real estate at the request of customers.
  • Display of objects for sale.
  • Negotiating and organizing meetings with clients.
  • Provides support at all stages of transactions.

As you can see, the agent really has a lot of work, especially if the number of clients is constantly growing. But if he works in a normal agency, with a good atmosphere in the team, then, as a rule, in such companies, mutual assistance between employees is a normal practice, and it allows you to work “for the result.”

The qualities of a modern agent necessary for working in an agency

Sociability

Negotiating and communicating with people is the key to the success of real estate agents in India. It is important to keep in mind that you will have to communicate with a large number of people every day, both by phone and in meetings, and not all of them will be friendly and polite.

Knowledge of the basics of psychology and rhetoric will be beneficial and will help to establish contact with potential clients, thereby increasing the chances of a successful conclusion of a deal and making a profit.

Creativity

The ability to present information outside the box and thereby attract the attention of clients is a big plus for an agent, and the ability to bypass competitors in terms of the number of transactions.

Organization

It is important to be able to build your day taking into account all the responsibilities and planned activities, and in the event of emergency situations or unplanned meetings, correctly fit them into your schedule, while not harming or offending others.

Tips To Avoid Mistakes When Renting Your Home

rented properties in Gurgaon

Whether you want to buy a house or apartment with a tenant inside, you should avoid certain mistakes, that said, keep these keys in mind when buying a home with a tenant:

Does the tenant have a right of first refusal to the home?

This is like football, it may be the case that the person who resides in the house has the right of first refusal to execute the purchase. It is important since at the last moment you can exercise this right stipulated in your contract. The seller must inform the tenant of the offer and he must decide if he has this clause.

It may be the case that not only would it have the right before you as a possible and future buyer, but that it may even exceed the right of purchase of any third party.

So our recommendation is to consult both the seller and contact the tenant to find out their intentions. If there is no interest go ahead. And if there is no clause, also go ahead.

Does the house or apartment have charges or pending taxes?

This which seems minor is not. As you would do with any property, the first thing you should do before buying and signing anything is to check that the rented property in Gurgaon that will belong to you does not have any type of tax burden, or tax or pending tax to pay.

What type of investment is it? Is it safe?

Of course, this is a different purchase because someone resides in the home. But it is a normal operation, more common than you think and above all, safe.

We say safe for several reasons, the first because the tenant will continue to pay you for what you get monthly money and second the tenant enjoys the apartment until the rental contract ends.

The person who lives does not care who the owner is as long as he maintains the services and rights signed in the rental contract as well as complies with the obligations of a landlord. So it is a win-win situation for both parties (both the owner and the tenant).

The contract is sacred

As we have told you at the beginning, the law protects the tenant, so no matter how much you want, you cannot throw it out during the current time of the contract signing.

Once the term of the contract ends, you can execute the option of not renewing it, either to rent it again or to sell it. Whatever the case, if there is a signed rental agreement, forget about breaking it.

Breach of rules and rights

In the same way that you, as the owner, must respect the rules and rights that you have as the owner, the same happens with people who live for rent.

Tenants also have obligations to fulfil and if they do not do so, above all, the basic and most important ones such as taking care of the apartment, paying the monthly payments and respecting the home, actions can be taken against them.

One of them is to request eviction, especially if there are defaults and for this you can and must initiate a judicial procedure. The tenant can refuse to leave the rented properties in Gurgaon voluntarily, if he does, you must and you can evict him if it is shown that he has effectively not fulfilled his obligations.

6 Things To Know Before Buying A Villa

real estate agents in Gurgaon

Are you looking for a luxurious villa that shows up with all the freedom, security, better lifestyle and the best return value? Whether you desire a full-fledged villa in the city’s heart or a Malibu-styled villa near the sea, making a right of purchase definitely involves a decision fraught with scaled-up concerns.

While deciding to buy a new villa, here are the following points that you should keep in mind:

Collect Information

Start with collecting up on all the essential information you can get before buying villas. Usually, villas are essentially wholesome projects that are taken forward through subscriber association and personal contacts. However, if you’re buying it for yourself, then you need to network enough to figure out where the upcoming projects are and where you need to purchase it.

Priorities Basic Facilities

Property in India has revolutionized itself significantly, thus keeping the surrounding areas and infrastructure in mind is important before deciding to buy. Also, good community management with clean and decent spaces along with well ventilated and drained spaces are the key factors to keep in mind.

Contact Real Estate consultancy

Buying a villa is not a small investment to do, and you need to ensure that you are spending money on the right avenues. Thus, contacting a trustworthy Real Estate consultancy like Jain Estate would be a great option for you. They have well experienced real estate agents in Gurgaon that assist you with the right idea of the spatial agreements in vogue, and the builder reliability factors as well.  

Surrounding Environment

There is also a mild restraint that may relate more to the area in question than anything else because it takes some time to develop the ecosystem around your residential spaces. From college to schools, hospitals, stores to spatial recreational requirements, there may be more requirements than you can find explications for, immediately.

Estimate the Rental Value

If you’re buying a villa for renting out at a high price, then you need to calculate the amount charged in the area. This will help you estimate your monthly earnings. It is better to buy a villa in an area that is conveniently located since such areas will always have a demand for rentals.

Civic services

Last but not the least, civic services should be your main priority while looking for a villa. Civic services like electricity, water supply, cleaning out of garbage and municipal arrangements must be available on the property.

Buying a Villa in India depends majorly on the location of the area and the city or town, but after considering the following points, you can get a fair idea and deal.

Mistakes to Avoid When Selling a Home

In the situation in which real estate markets cool down, the numbers of buyers decrease and inventory typically increases. The situation slowing the market conditions and makes it more difficult to sell homes, despite that, some still sell the properties.

Now the question comes why do some get offer and other sit on the market? The answer is less around the home itself than most real estate agents might claim.

Sometimes, it also depends on the poor quality of the marketing efforts. The following are the common mistakes that repeated over and over from both side agents and sellers and agents and try to avoid these mistakes.

Poorly Uploaded Pics Online

Pictures speak a thousand and noticed before the written words. Pictures are the first thing that your potential buyers will see. Poorly taken pictures will leave a bad first impression on buyers and lower your chance of selling home. A well click pictures entice the buyers to buy your home.

Provide Complete specifications 

When there is a top competition of selling property in the market, simply providing an address and remarking the number of baths and bedrooms is inadequate information for a home buyer.

It reduces your chance of selling the home because the information is not specified the detail of your home. Always provide specific detail of your home so that the potential buyer should make an appointment to see the home.

Call to A Broker/Agent 

Just like buyers need agents to buy property, similarly, the sellers also need agents to sell their properties.

A well-experienced real estate agency like Jain Estates (the best real estate agents in India) knows how to sell your property without any hassle. Over years of experience with numbers of clients, you can expect the best deal for your home. 

Don’t Offer Unrealistic Price

Whether you’re selling a home alone or with the help of agents, setting the right price is a key to selling a home. Offering an unrealistic price without comparative market analysis can put your property on hold and make it difficult for you and your agent to sell it. 

Fix the Major Problems

Think you can get away with fixing major problems with your property. During the inspection of the buyer, if any major repairing is noticed then your deal will either cancel or the price will negotiate.

So, before selling your home, either fix the problem or price the property below market value. 

Inspect your home before listing it could be a good idea to avoid the potential buyers of your home.

To sell a property need time and well preparation and time. By avoiding such mistakes will help you to sell your home fast in this declining market.

So, try to avoid such high-priced mistakes listed above and you’ll be a long step toward putting your foot forward and reaching that seamless, profitable sale for which every home seller wishes.

Tips to Minimize Your Home Buying Stress

real estate agents in Delhi

Buying a new home can be a daunting task, especially if you’re buying it the first time. It’s a complex process comprising both potent emotions and financial stress.

Even the process seems quite simple, but just one mishap can end the complete deal. No matter how hard you try to buy a home but some aspect of buying a house is beyond your control.

If you’re in search of a new home but don’t have any idea to cope with home buying stress then the following tips would be very helpful for you to minimize your home buying stress.

Understand Your Requirements

A real estate agent can assist you to find the right home but can’t read your mind and requirements. If you’re precise about your requirements and can provide a little direction to your agent, then it would be much easier for you and your agent to find the right home for you and your family.   

Make a Checklist 

Having a detailed checklist that contains exactly what you need in your perfect house could minimize your stress home buying stress. 

While searching for a home, don’t compromise with your major requirements and priorities your need and determine which features you can live without. Surmise that it’s unlikely you’re going to find that carbon copy home of the one you’ve dreamed.

Go for Pre-Approved Home Loan

Buying any property can drive to some serious headaches. Suppose you choose a perfect property for your home and later find out that you’re ineligible for financing it then it could leave you heartbroken. But if you have a pre-approved Home loan, then you can save yourself from such situations.

Choose the Right Real Estate Agent

Buying a new property is a hard nut to crack, especially without the help of real estate agents. They help you find the right property that certainly meets your requirements, budget and expectation.

Even in some situation, the seller has an agent that tries to sell you the property at a high price with some extra charges of documentation. That is why a real estate agent from your side will assist you through all the complexity of negotiation and extra charges from the seller side. 

If you’re looking for the best real estate agents in Delhi, then Jain Estates is would be a perfect Estate consultancy firm for you. With years of experience with a strong and experienced team of professionals will fulfill all your estate requirements.

Recheck the Purchase Offer

Before searching for a new home, get a copy of the purchase agreement that your agent uses. Your purchase agreement contract that comprises the terms and condition of a home sale.

Instead of waiting until you’re ready to put in an offer, make sure that you review it carefully in advance and ask questions about the terms that you don’t understand.

Pay Attention to Your Real Estate Agent

Unless you have a background in real estate, your real estate agent knows a lot more than you do. You hire the agent to assist you to find a perfect house under budget, thus it’s very important for you to pay attention to your agent’s advice. In short, once you provide the destination, let your agent help get you there.

Buying a new house is always an anxious moment, but don’t forget the fact that this is supposed to be an exhilarating time – not an occasion to lose sleep and have frenzy attacks. With the following home buying tips, you can minimize your stress prepare yourself to buy a perfect house. 

6 Expert Tips To Find The Perfect Office Space

fully furnished office spaces in Delhi

It’s always a challenging task to find the ideal place for office space to start a new business. As a business owner, you want to have all the amenities you require to operate, but you don’t want to be overburdened with a sky-high lease payment.

Besides, keeping the check of costs and rent terms makes a difference whether your business strays float or grapple financially. 

However, finding the right place that satisfies all your requirements of office space could be a fine line to tread.

If you have a small business or a start-up one and struggling to find the right office space for your business, then these tips will be very helpful for you to find the right place for your office space.

Don’t Waste Time For the Perfect Place

There is nothing perfect in this world! So instead of finding a Perfect Office Space, make a list of what’s important for you and rate office space according to the list. Be more practical and stop wasting your time to find the Perfect Office Space.

Keep Cost Minimum

As a startup business, spending more than required can damage your business growth. It’s always a better option to keep cost minimum even if it means sharing desks in the office or working from a hallway. Try to avoid spending too much money on fancy office and furniture. You can also consider a shared workspace where you are not committed to any commercial lease.

Optimize Around Commute And Compensation

While searching for office space, using team commuting methods, you can enhance your business efficiency. The method helps you calculate the employees’ travelling time and you can search for a location that minimizes the commute times of your core team. Less travelling time means your core team spends more time on work and family, this improves productivity and work-life balance.

Keep Your Priorities First

Often you can’t have all you want, so you need to determine what’s most important for you and your company. A good amenity surround office space such as parking, building security, Wi-Fi and water facility should be your priority while searching for a new office space.

Maximise Most of The Time

Before finding the right space for your office, remember that you’re not only searching for space for your business but also utilise the after-hours. So, consider a space that can host network events that connect with the community and provide business development. 

Consider space with Flexibility Lease Terms

As a startup business, non-one no what will happen in the future. You hope for quick growth but if it doesn’t pay out; you don’t want to lock yourself in the expansive long-term lease. That is why co-working would be an excellent choice for you if you want to share your expanse and have flexible lease terms.   

The level of competition is rising each day and to thrive and grow a business such competition is the real challenge. Laying the framework of your business with the above tips will help you endure the storm of competition and set your business up for success.

If you’re in search of best office space in Delhi then Jain Estates would be a great real estate consultancy firm for you. For any query or information contact us Today!

Keys To Buying A Rented Home. It Is Profitable?

rented property in Delhi

Is it possible and profitable to buy a house or apartment that has a tenant? In this article we are going to tell you everything you need to know about buying a rented home and for this we are going to give you a series of tips and keys so that you do not have problems in case you decide to buy a home with a tenant.

Buying a rented home, to what extent is it profitable?

We go in parts. First of all, acquiring rented properties in Delhi is more common than you think. Obviously, not everyone does it, but it is not as strange a situation as you might think.

Above all, it does not attract so much attention if we think that there are other scenarios in which there are people who sell their home and continue to reside in it or there are even situations of people who want to buy a house while selling theirs.

For all this, there are buyer profiles who buy a home thinking about an investment since they have a business idea and want to obtain economic returns with it. This profile or anyone else who thinks about this possibility must take into account the following aspects:

It is profitable?

First of all, answer the question, yes, it is profitable. In the following link we will tell you some real estate investment alternatives among which rent and sale are present, although there are more, and some of them are interesting.

Therefore, the key in this case is the duration of the contract. The question and what you should ask yourself is if you want to keep the house with a tenant who has a long rental contract.

In the event that you have the apartment for rent and we want to sell it in the future, we must establish it in a clause included in the contract.

Assuming that this clause is active, the contract must always be respected and in all cases since the current law guarantees that future owners of rented property in Noida must respect the tenants regardless of whether or not the rental contract is registered in the Registry of the property.

That is, you must take into account the duration of the tenant who resides in the apartment. Maybe he has a year left, like two or three of the contract since he just signed it recently, if you don’t care about the purchase.

On the other hand, think that tenants can also request a rental extension at the end of the contract in the event that the owner is a company or real estate and not an individual.

But this changes with the purchase of the new owner, so it would be necessary to agree on the situation once the contract is finished.

Of course, when it happens, the tenant can ask to continue living in the residence, but that the owner wants and can is another matter.

It is not obliged and has mechanisms to get the tenant to leave once the contract ends. That is why we say that it is important to know how long the contract is.

Finding The Right Space For Your Office

office space in saket

Both large and medium enterprises as the start-up agree on the need to find an ideal space for your office, as this can increase employee productivity and reduce business costs.

However, finding the ideal office can be quite difficult, so we have prepared a series of tips for you to choose an ideal space for your workers.

The first thing that you will have to take into account is the configuration that you want to give the new workspace, and there are many options available.

If you are looking to increase teamwork such as start-ups, co-working office space in DLF cyber city-Gurgaon may be an interesting option. This option allows you to have a predetermined price per month and a flexible contract that can range from one month to a full year.

Thanks to coworking you can have access to desks, Wi-Fi connection and some snacks. However, you will have to pay a little more to be able to access a printer, meeting rooms or more equipment.

On the other hand, you can opt for shared office spaces in Jasola, which function like cooperative work centres. The difference with the latter is that a host company occupies the space and they have decided to rent their excess spaces.

In this way, the number of companies in the property depends on the number of desks available. In addition, some shared offices function as executive suites with reception services, kitchen and private spaces.

You must bear in mind that the rental contracts of this type of configuration are less flexible and you must rent the space for a minimum of one year.

Another option available in the market are exclusive office buildings. This typology is always a good option for medium and large companies that need large spaces, since they have a certain number of employees.

In addition, this type of property also helps to build the brand of a company, since they are usually corporate and representative headquarters.

Another aspect to take into account is the electricity contract that you are going to have in your new space. This aspect is of utmost importance, given that a large part of a company’s budget is used to pay electricity bills.

For this, it is necessary that you take into account the current regulations on the discharge of light in premises. Other aspects to take into account when choosing the space for your office are:

The location: Since the cost of the rent and the access of workers, customers and suppliers will depend on it.

The design: It is not the same to choose an open space or to prefer cubicles, since this will affect communication between employees. Open spaces encourage collaboration.

The use: The functionality of your workspace to adapt to your needs and way of working.

Where To Invest In Real Estate In 2021?

Investments involve not just investing money in any project, but making a profit. The basic principle of investing: money must work, that is, make new money. Investing them in real estate, you can earn in several ways, but first you need to understand the specifics of this type of investment.

Preparing for investment

Before investing in real estate, you need to carefully prepare:

Assess your financial resources as objectively as possible – whether your own funds will be enough or you will have to attract a co-investor. If you need a loan, you need to calculate the initial investment and their return on investment.

Analyse the real estate market. Not necessarily an expensive property will be a good asset – it may not become a source of stable income.

To attract professionals who will conduct an independent examination and give an opinion. Based on the conclusions of the experts, it will be possible to draw conclusions about the advisability of investments.

Find a lawyer specializing in just such transactions to check the documents before buying.

Be prepared for the fact that real estate investment is a long-term project that will pay off only in a few years.

Purpose of real estate investment

Investments in real estate are attractive because you can make a profit by developing a project in different directions – to receive passive income (from renting out an object) or earn on resales. It is worthwhile for yourself to determine which type of investment is suitable for your particular case.

To make it easier to decide, it is worth answering the question of what profit you expect as a result of the initial cash investment:

  • A one-time profit when an investor invests for the purpose of resale;
  • Passive income is an asset that makes a profit over the long term when real estate becomes a business.

In the first case, the object is purchased at the lowest price, and after a few years (or after the improvement of its properties) it is sold at a higher price.

The second strategy involves the purchase of real estate in order to profit from the rental of real estate.

Commercial real estate such as office space in Delhi is considered to be more profitable, so experienced investors prefer purchasing non-residential premises. There are a lot of options for commercial premises on the market: industrial buildings, retail spaces, garages/parking complexes, warehouses, etc.

Investment strategies:

Purchase of finished commercial premises for rent. It should be noted that the profitability of such a project largely depends on the general economic situation.

Self-isolation during the pandemic in the spring of 2020 showed this dependence well: many businesses left the market due to the inability to continue their activities and vacated rented premises. The payback period for renting is comparable to residential real estate.

Hourly renting of offices, coworking spaces, art spaces for events, etc. is gaining popularity. Many companies find it unprofitable to maintain an office on a permanent basis, especially with the transition to a remote work format. Therefore, many investors offer mini-offices for rent. The main thing is the availability of the necessary communications.

To get the best property as per your needs and requirements, we would like to suggest you to have a consultation with real estate agents in Gurgaon.

Office Rental: All You Need To Know To Rent An Office

For any professional working in the private sector, having an office is vital. Given the economic realities, leasing appears to be the best alternative to achieve this end. Let’s look at the outlines of this type of rental.

Office rental: what do we mean by “office”?

The “office” can be defined as being the nerve centre of decision making of the professional within the framework of his activities. For this purpose, it is therefore generally a furnished room which is not used for production, nor for traffic, nor even less for the sale of goods.

What types of offices to rent?

Everything will depend in practice on the nature of the activity carried out by the professional. Indeed, like homes, office premises also come in different surfaces: 50, 100, 500, 1000m² etc.

It is therefore up to the professional to determine which category of surface suits him according to his activities. It should be noted, however, that in general individual desks cost much more than other categories.

This is particularly true for small and medium-sized premises, the most sought after on the market, especially in large urban areas. To get around this economic reality, the ideal is to rent office space in Bhikaji Cama place located in a business centre.

In fact, in these “business hubs”, in most cases, the landlords turn out to be tenants themselves. These are often large-scale companies specializing in the management of business centres.

For this purpose, they therefore sublet the premises. And since the subletting is generally less expensive than a first-rate rental, the professional will find his way economically.

Apart from the “business hub”, another solution exists: apply to obtain premises within a business incubator. Given the objective of this type of organization (helping to launch young businesses), generally rents are more than affordable.

Recommended types of lease for an office rental

Three types of office rental lease are possible for renting office space:

-the short-term lease,

-the commercial lease

-and finally the professional lease.

Regarding the first, it is generally used for premises located in business centres or business incubators. It is stipulated for a maximum of two years, non-renewable.

The short-term lease has significant advantages. Thus, for example, the amount of rents is fixed once and for all when the lease is concluded. No risk of revision therefore. But the main drawback remains the inaccessibility of the right to automatic renewal as in the commercial lease.

The latter is precisely the second type of lease possible in the context of the rental of office space. Indeed, despite the fact that such a lease is in principle reserved for traders and craftsmen only, professionals exercising freelance trades also have the possibility of subscribing to it.

The only condition is to obtain the agreement of the lessor. For the professional, renting an office under the commercial lease regime will have many advantages.

The main ones reside on the duration of the lease (9 years minimum), the right to automatic renewal of the lease, or the right to receive eviction compensation in the event of termination.

Finally, lastly, it is also possible to rent an office under the professional lease regime. Unlike the other two, this type of lease allows the premises to be rented for at least 6 years.

Although less protective than the commercial lease regime, the professional lease nevertheless has the advantage of being more flexible.

To get the right office space for your business, our suggestion for you is to contact real estate agents in India.

Whatever the type of lease, it is incumbent on each of the parties involved a certain number of rights and duties: there are thus certain obligations of the owner of offices to be scrupulously respected, just as there are certain obligations of the lessee of offices to respect everything. also conscientiously for a harmonious professional rental.