What Are Tenants Looking For? Demand For Commercial Real Estate

Selecting an office is not an easy task. But it’s even more important to clarify a number of points during personal negotiations or when viewing an office.

It is clear that by acquiring an office, warehouse or retail space, the owner wants to receive income. But in order to sell something you need, you must first buy something you need. What is the demand for commercial real estate for rent today, and how the preferences of metropolitan tenants are changing.

Tenants are becoming more demanding on the quality of rented premises. However, in principle, the tenant is required to maintain the premises. He must thus repair all that has been degraded by him or by third parties.

In addition, tenants are ready to sublease small premises. Such offices are most often looking for individual entrepreneurs and organizations, in which mostly employees work remotely, or businessmen who are just starting their business.

Factors to Consider When Buying Property in Gurgaon - Real Estate ...

What does demand depend on?

In short and capacious, it depends on the economic situation in the country and the level of well-being of potential tenant companies. Therefore, it is clear that an office or warehouse of a considerable area will be more difficult to hand over than a small room.

If you look a little wider, then the demand for commercial real estate depends on several fundamental factors:

  • Building profile. A free-use premise is easier to “find” a tenant than a building converted to a bank office;
  • High passability of the location and convenient transport location will attract the attention of a wide range of tenants. Premises located on the outskirts or far from the metro – only if the cost of the company is more important than comfort;
  • Market conditions;
  • Recognition of a place (for example, a business center).

Offices

In the office space segment, areas of 100-300 m2 located in DLF cyber city-Gurgaon are most in demand. Such an area is optimal for companies representing small and medium-sized businesses.

Typical tenants are consumer services firms, the IT sector, trading and construction companies. While a fully furnished office space in Gurgaon speed up the entry of tenants, so it makes sense to furnish your property first and then put it on rent.

Blocks with an area of ​​500-1000 m2 are less in demand, so when buying or renting an office space, it is reasonable to consider the possibility of dividing the room into small blocks.

Warehouses

The most popular at the moment are spaces of 1000-3000 m2. As additional requirements, tenants indicate high ceilings, floor loads, a certain temperature, the presence of road and rail access roads, and a ramp.

The owner wants to get the maximum income from renting his premises, and the tenant wants to save. The intersection of their interests is the very point of adequate price. It is best to turn to real estate agents in Gurgaon for help: their objective assessment of the market situation and the potential of the space will be more accurate.

Non-Licensed Real Estate Agents – Whether To Trust Them Or Not?

Are you looking for a house or are you going to put it up for sale? Don’t take the risk of turning to “non-licensed real estate agents”, find out who they are and how to recognize them, what and how much risks, how to avoid them and how to report them.

Often a lot of difference separates a good real estate agent from a bad one. Foreigners looking for country houses or modest vacation homes in the historic centers of the beautiful villages know this very well and make it a reason. Sellers and buyers are more or less used to not always receiving highly professional services. Lack of staging in the preparation of the building, poor quality photos, incomplete information, for certain categories of properties are more the norm than the exception.

On the other hand, there are few people who know about the possibility of coming across agents who are not qualified to practice and who are practicing without any title. Writing in this regard always arouses a certain skepticism, especially when illustrating the enormous extent of the phenomenon of professional illegal occupation. It leads to disbelief, on the other hand, when reference is made to the real extent of the risks involved in dealing with these elusive figures.Real Estate agent

Discovering a fake real estate agent requires the preparation and cunning of a detective, don’t expect to receive an admission to a direct application.

Real estate agents in Delhi enabled in the most common business, inspect, and (should) estimate and propose to the market (via the website and at least one real estate portal), taking care of the transaction (true heart of their business):

Apartments of various sizes

  • Office premises
  • Corporate buildings
  • Farms
  • Houses
  • Castles
  • Ville

The licensed real estate agents are agency employees or the owners of the same, which in short represent the facilitators in charge of facilitating the negotiation between those who want to sell a property and those who want to buy it.

The real estate agent is a business mediator who works in the conclusion of business in the sectors related to real estate and companies. The contiguity with another “different” professional figure, the business procurer, has often caused confusion and abuse.

The real estate agents in Noida is, therefore, the only professional figure in the business world who can discuss prices, give indications to that effect to one or both parties involved and have proposals, requests, negotiations and contracts that indicate prices and conditions in writing, follow the phases of a negotiation or a contract related to a property.

If identifying a non-licensed real estate agent can be easy when it operates individually, the more complicated it is when dealing with a real estate agency. In this case, it is sufficient to refer a known agency, which operates by making use of the activity of agents recognized by the law, the only ones able to carry out all the activities of a real estate agent.

Anyone who is not a licensed real estate agent and therefore regular, cannot perform any of the above-mentioned activities, even if in the presence of a real estate agent authorized to the profession and even if the documentation shows the signature of an authorized agent instead of his.

How To Avoid A Real Estate Fraud?

Real estate fraud is a general term used to describe the different types of fraud that the real estate industry faces.

How can I save myself from mortgage fraud?

  1. Protect your property by protecting your identity

No system can fully protect against the risk of fraud. Homeowners play a crucial role in protecting their property by guarding against identity thieves. We know that fraudsters pretend to be owners by obtaining a false identity document and that they then transfer a property that does not belong to them.

To avoid this situation:

  • Always keep your personal information, such as your birth certificate, social insurance card, bank account numbers, and credit card details in a safe place to which only you have access.
  • Never put your birth certificate or social insurance card in your wallet.
  • Shred documents, like credit card statements, before disposing of them.
  • Never reply to spam or emails that ask you to provide your banking information, credit card details, passwords, or other sensitive information about a property you own.
  • Check potential tenant references if you rent your property and be sure to regularly check the condition of the property you are renting.
  1. Be on the lookout for identity theft

To quickly highlight fraud attempts, pay attention to the following situations:

  • Tax slips or bills sent to someone other than you are sent to your home unexpectedly.
  • You get a phone call from someone seeking information about a mortgage that has already been negotiated for your property.
  • Your bills are not coming to you as expected.
  • Creditors contact you about purchases you have not made.
  • There are anomalies in your bank statements or credit card statements.

 

  • real estate
  1. Power of attorney

Another way to protect yourself is to be careful when drawing power of attorney. Before giving another person a power of attorney to take care of your personal property, you should consult with your lawyers or advisors in order to implement appropriate restrictions.

  1. Title insurance

Consumers can also discuss it with their lawyers and advisors about other methods of protection, including the benefits of buying title insurance.

When banks are victims of mortgage fraud, to whom do they turn to recover these funds?

In the case of a mortgage default, the property that guarantees the loan is resold by the lender, and this measure is sometimes sufficient to cover any loss arising from mortgage fraud.

If, after the sale of the property, there is a deficit, the lender may ask the insurers of the mortgage or title to repay the losses. There are also various professional liability insurance funds created by groups such as law societies and real estate associations to reimburse losses to their victims of crime. The bank may also sue the criminals themselves to recover the losses, in whole or in part.

The Importance Of Having A Real Estate Advisor When Selling Your Property.

It is not mandatory to hire a real estate agent, but it is strongly recommended to do so. Your interests will be better protected. The real estate agent knows the market well and can more easily attribute a price to the property you want to sell or buy. The real estate agent is aware of price increases and decreases in the market. Armed with his knowledge and experience, the real estate agent will help you determine what the fair value of the property is. A real estate agent can also refer his client to a lawyer and help him prepare a purchase and sale agreement.

If you want to do it in a short time and you want to do it well, you should contact not only a general agent but a real estate agent who is specialized.

The responsibility and commitment of the real estate advisor to his client, the operation and the property (s) in question, are the pillars of his profession.

real estate agent

The decision to buy a property, although it can be exciting, is also complicated and very risky, because you could find endless problems to perform the operation properly, and you could even fall into a fraud that ends your assets.

Therefore, we will tell you what is the importance of hiring a real estate consultant, before carrying out an operation to buy and sell a property.

The professionalism of the real estate agent is built on his qualities as a good trader but also on the warmth he infuses on his interpersonal relationships; the security that it transmits to its clients and the parties involved in the business as well as to the good results harvested throughout their career.

The real estate consultant knows perfectly the area in which the property is located; the state of the streets that surround it; water quality; the future possibilities; the number of nearby schools; the traffic characteristics of the neighbourhood; its green and recreational areas; the surrounding shopping centres; its access roads, proximity to health centres and any other service that enriches the property and benefits those interested.

One of the main reasons why advice is essential when conducting a commercial real estate operation is established in professional experience.

The expertise, based on the trajectory and technical knowledge, enables the agent an agile and versatile attitude to the different challenges and opportunities that a transaction proposes.

In all circumstances, having the services of a real estate consultant is the safest. Going to a company with experience in the field is essential when buying or selling your property. The professional assumes the responsibility of carrying out a previous evaluation of each interested party, avoiding unnecessary inconvenience to the client. In addition, it is responsible for keeping the agenda of visits to the property and managing the response and attention to the queries that arise throughout the business.

The Role of Empathy in Real Estate Brokerage

It will have happened to you, as part of your profession as a real estate agent, to come across a particularly hostile person. This leads to a series of consequences. Not least, it can have an impact on the relationship with customers. How can a conflict be prevented in these circumstances?

In the field of real estate brokerage, developing a good understanding and communication skills can really make a difference.

The core business of the real estate agents in Delhi is built on human relationships, between colleagues or with customers. Social capital is the basis of commercial activity, and it all starts with interpersonal relationships.

From the first appointment, a dialogue is established, a contact with another person who has specific needs and methods, often different from ours. But entering immediately into empathy with those we face, this can facilitate the relationship and be decisive in the success of a negotiation or a collaboration.

Real Estate agent

What does it imply, in practice, to be empathetic?

We can summarize the concept of empathy in the following points:

  • Listen and understand the needs and needs of the person;
  • Communicate effectively and without bullying the other;
  • Be open to finding solutions that can be satisfying for everyone.

Referring to the real estate reality, the human relationship is necessarily involved. This includes both the relationship between colleagues and between agents and customers.

Listening and understanding imply knowing how to prepare yourself for collaboration with those who are in front of you, excluding any emotional and personal attitude (sympathy, antipathy) and avoiding hiding behind your needs, points of view or moral judgments. This is enough, at times, to prevent misunderstandings that could lead to conflicts.

  • Communication plays an essential role: using a language understandable to your interlocutor allows you to connect.
  • Flexibility and adaptation are the key to opening a constructive relationship.
  • In the commercial, empathy is the ingredient that cannot miss such a good seller because you can build a beneficial relationship for all parties involved.

The advantages of being empathic

All these factors contribute to creating productive and lasting relationships and help prevent conflict situations. The positive aspects can be found in different areas.

One example is the fact that many customers prefer to buy products or services from companies that they perceive as ’empathetic’ through marketing actions aimed at emphasizing attention to consumer needs.

Is there still reason to consider hiring a real estate agent in 2019?

Now, what can a real estate agents in Noida do that you could not do yourself in 2019? The broker still has several strings to his bow and can be an indispensable ally. The problem is that there are still too many ostrich brokers who do not want to adapt to the information age. We are in a period of transition, society has never evolved so quickly, and sometimes it can be hard to follow.

 real estate agents in Noida

The real problem is that some brokers continue to live in the past! Most industries are currently facing this reality. Technology changes everything! We understand that it’s very hard to change when you have been working the same way for 30 years.

In conclusion, training in being empathetic improves relationships and increases productivity.

Rental Of Real Estate: Managing The Rental Of A Property

Managing the rental of a property is a job that is not as easy as many think in advance. From the writing of the announcement, the visits, the financial management until being informed to avoid unpleasant surprises. Here are some tips on how to best manage your rental property.

Optimize the visibility of your property ad

The first is to write and publish an ad to find a tenant as quickly as possible. To increase the chances of having visitors, it is essential to write an effective ad and then publish it on the appropriate platforms. In general, your property will end up in the middle of many other ads. To highlight, you have to draw attention from the first lines. Place the main elements first: the number of rooms, the surface, the location, and the rental price. Then, specify if the housing includes a parking lot, provide details about the neighborhood, the surrounding transportation, or the presence of schools. You can take help of real estate agents in India.

Organize visits and the arrival of the tenant on the rental property

After publishing your ad on different specialized platforms, you should organize visits to your property. If your accommodation is empty, you can visit it whenever you want. If your house is occupied, you must agree a day and a time to make the visit with your tenant. You cannot enter the department unless the tenant has agreed explicitly.

Once this is resolved, you can arrange group or individual visits. This will depend in particular on the number of people wishing to visit the accommodation, but also on their availability (and that of their current tenant).

Choose the tenant and access a rental payment guarantee

Once the visits have been made, you must choose the tenant who appears to be the most serious and the one most likely to live on your property. To know the solvency of a tenant we can request your payroll and employment contract, in order to check your ability to pay and job stability. In addition, there are different registers of defaulters that you can consult and thus be prepared to request other types of guarantees or even reject the tenant.

Make repairs during the rental

Proper management of your property also means keeping it in good condition throughout the rental and thus ensuring its long-term preservation. If it is necessary to do a job during the lease, do not wait. Both for the comfort of your tenant, but also to avoid blocking the payment of rentals. Remember that the longer you wait to make repairs, the more expensive they will be.

If necessary, terminate the lease

According to the Law of Urban Leases, the owner can recover his home whenever it is to use it as a habitual residence for him or for a first-degree relative, as well as for his spouse in case of divorce or annulment. Even so, a minimum of one year must have elapsed since the signing of the contract and it must be communicated to the tenant at least 2 months in advance.

Managing your property is the most economical solution and real estate agents in Noida offers you all the necessary tools to help you simplify and optimize your rental management. Monitoring of rent and payments, rent receipt, reservations, tracking of expenses, reminders, assistance with the declaration of income of the property, unpaid rent insurance.

How has the Role of the Real Estate Agent Changed in Recent Years?

How has the role of the real estate agent changed in recent years? What kind of professional figure has become?

The word “professional” nowadays is very close and close to the word “entrepreneur,” even if they are two different concepts. “Doing business” means managing an organized economic activity to produce and exchange goods and services on the market. But a professional is concerned with doing business for every project he is following because he has to coordinate people, resources, and skills to achieve a specific goal.

If we see it this way, the real estate agents in Gurgaon nowadays can no longer do his buying and selling activities by mediating between the seller and the buyer, but he must do much more: he must become a real consultant.

We have discussed it many times in the previous articles; an agent obligation put the customer with whom he interfaces first, without considering it a pure source of income. The user is no longer a passive figure that readily relies on a person or a company, but instead, it is an extremely active figure, able to contribute with his conscious choices to the growth or otherwise of an activity.

When we decide to open our real estate agency, we have to put ourselves on the market with the aim of actively involving our end customer, trying not to cheat or even provide wrong information to those who are looking for a new home or a new apartment, or who are looking to rent a property.

The Internet has revolutionized the way of approaching the purchase of the customer, and the absurd thing is that only 10% of real estate agents use the potential of the web well.

The trust today is gained by working together with the end customer, involving employees of my activities and contributing their expertise to the constant care of existing customers.

The passion, the training, the expertise and the ‘ enthusiasm must go together best to be a perfect real estate agent. It is not enough to have a paper certificate to be considered credible, because televisions, newspapers, magazines, and web confirm us every day that what is written can be false, and only what we know can be truthful.

So to the question “how has the real estate agents in India changed over the last few years?” We can easily answer that today the agent needs to work on himself and on his own interpersonal skills , trying to put the customer first and second place his skills.

Being in a prominent position in your industry is one of the most significant competitive advantages that can exist. We have to understand how to do it, but we have already talked about this in some previous articles, related to the world of online marketing, first and foremost.

Secondly, networking and collaborating with other professionals in the sector is the second essential element in obtaining a considerable advantage regarding development and professional growth.

Distinguish Between a Good and a Bad Realtor

When responsible operations with real estate people turn to a realtor. To which? To whom the friend advises? Or someone will offer a well-known real estate agency?

Looking for a realtor

The method of word of mouth is not always appropriate. As in any other profession, a realtor also has a specialization. One perfectly sells apartments, another – ace in rent. It would be superfluous to ask friends who advised you exactly this person, in what specifically he helped. Maybe he just attended the deal and checked the contract of sale, and you have a difficult multi-pass task.

Today a good real estate agents in Gurgaon necessarily has a page in social networks (at least in capitals and large cities), and this is justified. With the help of social networks, a competent specialist can prove himself: many, for example, are blogging or recording videos in which they talk about the real estate market, thus demonstrating their competence.

This can be argued that even without social networks a specialist can work fine. There is no point in arguing – indeed, one can do without social networks. But the presence of a person on the Internet still shows an openness and that he is guided by trends: this is necessary, because the world is changing, and the real estate sphere is changing along with it. Now no one is selling housing only with the help of newspaper ads, so the Internet, in any case, has entered our life.

The search for a professional through industry associations is also not a panacea and does not guarantee at least some result. In addition, their own specialists are trying to promote and various real estate bases, but their ratings are formed not by the quality of work, but by the activity of the brokers themselves.

Correctly: to use social networks (because they are visible to people), collect and read reviews and any other information about the potential agent.

Bad realtor

When buying an apartment, cooperation with a “bad” property dealers in Noida can result in a minimum loss of prepayment. Maximum – and lose money, and do not buy an apartment. At sale there is a chance to “sell”, not having received money. If the client is illiterate, and, without thinking, fulfills all the requests of a dubious realtor, chances are great to remain with nothing. The apartment is not a sausage, which only can be poisoned and spoil yourself a couple of days. The loss of a single apartment can be the loss of everything.

It is important that the realtor is always available for conversation, not hiding, and know how to behave decently – these absolutely predictable moments are a guarantee that you will find a common language. If he refuses to answer any questions, gets confused or responds briefly and aggressively, this is an alarming signal.

It is important that he could tell about his experience. The more years, the better for the development of professionalism. True, there may also be questions: a person can somehow stretch 10 years in agents, spending a couple of transactions a year. This is not an experience! Ask for feedback – normal realtors collect recommendations from their customers. Recommendations should be different in style! You can run into deception in this case.

Phrases for Real Estate Advertising: The Best for an Agency

Phrases for real estate advertising there are all kinds: good, bad, catchy and others that are quickly forgotten. As is logical, everyone wants their slogan to be powerful, catchy and hard to forget. Why settle for less?

In today’s post, we want to review how you can create your real estate phrases according to the benefits of your brand that you want to highlight, as well as a summary of the best that are handled by the leading real estate companies in our sector.

Advertising phrases for real estate agents in Delhi– what to keep in mind

The big problem in sectors such as real estate is that all companies offer the same type of services.

Yes, in different locations, in various channels, specialized in one or another public, but all real estate businesses offer properties.

That’s why it’s so complicated to get phrases for real estate advertising that are fresh, new and original. Follow these steps to discover what aspect of your business may be the key that gets a phrase that attracts new customers.

If you are local, you are local

You will have noticed that the local is good for many reasons. When a restaurant, a bank or a service company is local, they know what surrounds them better than those who do not belong to that environment.

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What are the Factors that Realtors should Keep in Mind

Have you ever wondered what do the real estate agents do? It is usually thought that they simply deal with selling and renting houses, but the truth is another, they do a lot of things to ensure that transactions between buyers and sellers, tenants and owners are successful and there are no surprises.

Let’s briefly explain why real estate agents in Delhi are very important in real estate negotiation.

– Analyze the real estate market:

Agents analyze the marketplace of their area daily because this is very important in defining the value of the property for sale or rent and understanding whether a purchase or rental is a good choice. It enables customers to know how to handle offers and how to make counterfeits, all this makes it possible to shorten the times of negotiations.

– They’re often on the phone:

They receive phone calls for ads in advertising and give all the information necessary with great availability. Keep in touch with other colleagues to let them know what properties they have for sale or rent and look for what responds to customer requests.

– They are always looking for new potential sellers or renters:

Spend at least a couple of hours a day looking for potential sellers or renters. This process of searching for sellers or renters who meet customer demands can be very long and hard.

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