Selling A Home: These Are The Biggest Mistakes

A private home sale is a complex and usually lengthy process in which you as a seller can quickly make mistakes. In this guide we will introduce you to the process of selling a house. We explain the most common mistakes when selling a home and give you important tips to avoid these mistakes.

How does a private house sale work?

A private house sale consists of four process phases, preparation, marketing, processing and handover.

Phase 1- Preparation

The first phase is the preparation phase. In this phase you should determine the value of your property and set the offer price. In addition, you should compile or apply for all important documents for the house sale.

If necessary, you should also prepare your house for sale, i.e. make cosmetic repairs and remove personal items so that they do not interfere with the photos for the exposé and during the viewing appointments.

Phase 2- Marketing

After preparation comes the marketing phase. In this phase, you should define your marketing strategy based on your target buyer group, create an exposé and advertisements, as well as make viewing appointments.

Phase 3- Processing

Once you have found a buyer, the processing phase begins with sales negotiations. Here you should check the creditworthiness of the buyer before drawing up the purchase contract with the notary.

Phase 4- Handover

In the final phase there is an appointment with the notary and the contract is signed. After the buyer has paid the purchase price for your house, the notary will make the entry in the land register. The sale of the house is complete when the keys are handed over.

1st mistake: The wrong time

Preparing for a house sale is just as important as the house sale itself. And that includes carefully considering when you want to sell your house. The time of sale can be decisive in determining what sales price you can achieve for your property.

In order to get the optimal price for your property, it is essential that you observe the property prices in your area in advance when you sell your home in order to identify possible trends in price developments.

You should also keep an eye on the development of interest rates. This is the only way to ensure that you can find a buyer for your home and sell the property at the best price.

2nd mistake: The real estate market value is unknown

When you sell your property, it is relevant to know the current market value of your house or apartment. As an owner, you may still remember the price you once paid for your home.

You are also likely to have the costs for any repairs, renovations and improvements. But if you have owned a property for a long time, it is not unlikely that the current market value will deviate significantly from the purchase price originally paid.

Generally speaking, property prices are determined by supply and demand. The value of a property also depends on other factors such as the location, equipment and condition. In the property valuation, it is important the correct valuation method to use for your type of property.

To ensure that the valuation is carried out correctly, you should hire an expert to assess your home. Thanks to the valuation, the real estate expert can determine an appropriate sales price for your property.

Determine The Value Yourself Before Buying A House

For you as a home buyer, it is worthwhile to have the value determined before buying a home. You may save money because you can negotiate the purchase price, or you can even prevent a bad purchase.

Ideally, an objective property valuation forms the basis for the purchase negotiations. In fact, not every owner has the value determined before buying a house.

It is often private individuals who sell their property and carry out the valuation themselves. This often leads to an unrealistic price because the assessment is biased. The personal workload, memories and emotions are associated with the property.

Many property owners at some point come into a situation in which it is important to know exactly the value of a property, for example when selling or buying, in the event of inheritance or divorce.

But as an investor, you should also be able to determine the value of a property in order to make decisions. This article introduces you to how to know the true worth of a property.

Which factors are decisive for the property valuation?

Numerous properties and characteristics of a property can influence its value. The most important factors include:

  • The condition: is it an old or new building? Are there any costs incurred for the renovation? How much do you have to invest as a potential buyer?
  • The equipment: how should the floors, windows and possible built-in components (e.g. Kitchen) be classified? Is it an upscale equipment?
  • The location: in which region is the property located? In a more rural area or in a metropolis? And within this city in which residential area?

If you have the feeling that the price of a property is too high or you suspect construction defects, then have the value determined before buying the house. In the best case scenario, you should hire a building surveyor for the house purchase who will issue an independent judgment.

An expert is recommended, especially if there is any suspicion of hidden damage or construction defects. He checks the condition of the house, from which he determines a value before buying the house.

At the same time, the experts such as real estate agents in Noida provides information about the expected costs for urgent renovations. You can then either withdraw from the purchase or include this in your financing planning. In any case, you are on the safe side with an expert opinion.

A professional valuation by real estate agents in Delhi is of course also an advantage for owners, as this ensures a realistic purchase price. This has several advantages:

If your property is worth a high selling price, you have a solid basis with the appraisal to justify it. The evaluation includes individual features that have a positive effect on the purchase price.

Under certain circumstances, you would not have taken these into account or had incorrectly assessed them.

A purchase price that is too high can reduce the chances of selling and (unnecessarily) drag out the sales process. This is particularly a hindrance if you want to sell as soon as possible.

At the same time, a price that is too low is undesirable. Under certain circumstances, however, you would have overestimated the purchase price because you did not take into account the special features of your property or did not know its value.

So, if you sell your home, have it appraised. The same applies, of course, if you want to sell a vacant lot. Land prices should also be determined professionally.

Buying A House: The Keys To Success

The timing of buying a house always follows the same steps. So that you know what to expect, we explain the most important stages from the desire for your own property to the notary appointment to handing over the keys.

Before you start looking for a property, you should get an overview of your financial possibilities. Make an honest assessment: What is your monthly income and what are your monthly expenses?

How you imagine your life- with large garden parties at your home, your favorite Italian around the corner or close to your family – has a decisive influence on the properties and house types that suit you. Try to look as far into the future as possible and ask yourself where you see yourself in 10 years.

When you have decided for yourself where your dream house should be or whether it shouldn’t be a dream apartment after all, you come to the most exciting but also most nerve-wracking part of the house purchase project and the rest of the process: the search for a specific property.

Even if real estate in some particularly hotly contested markets can only find a new owner by word of mouth, the most productive search is generally in online portals and real estate agents in Delhi.

The buyer of a house or an apartment on plans must be attentive to all stages of the work since he becomes the owner as they progress.

Certain points must nevertheless be the subject of very particular vigilance in order to avoid a subsequent dispute. Here are the essentials of negotiating your off-plan purchase.

How does the purchase of an apartment go?

The buyer has an interest in asking for a  detailed descriptive notice as well as a dimensioned plan of the reserved apartment- or even of the building as a whole (plans of the ground floor and floors)- specifying the dimensions of each room accompany the reservation contract.

To have contractual value, these documents must be dated and signed by the promoter and the buyer. The preliminary contract must also indicate that they are indeed attached.

In and of itself, the location is the most important thing in a property. This then results in the price. In addition, legal components still need to be clarified, be it the land register status, any restrictions in construction and so on.

When viewing a house, you face the challenge of paying attention to several things at the same time: atmosphere, room layout and furnishings, but also possible damage.

Pay particular attention to the basement, roof, heating and drinking water system, windows and doors and the facade. It is best to be accompanied by an expert, for example an appraiser.

From the seller’s side, it is very important to consider the property income tax, which can currently move up to 30%, or to calculate it in advance.

And from the buyer’s side, there are the usual ancillary costs that you have to get from a proper broker anyway, according to the general conditions. These range between 10 and 11%, depending on the purchase price.

How To Buy An Apartment And Rent It, While Paying For Itself.

If you have already taken the step and bought a new property, it is time for you to start generating profits. People who take the risk of buying to rent are guaranteed a better lifestyle.

Do not stay behind and calculate the returns of your new property, buy and rent it. You will realize the benefits that you are going to earn.

How profitable it is to buy an apartment in order to then rent it out depends on the cost of the apartment, on the price at which it will turn out to be rented out, on the duration of “downtime” between tenants, on repairs, taxes and a whole range of factors.

But if you pick up a calculator and at least roughly calculate the benefits of such an investment, then someone can change their decision to buy an apartment for renting it out.

As you progress, you will realize that investing in the purchase of a property and then renting it is very different from owning your own property. When you become an owner, you are effectively running a small business, with significant legal responsibilities.

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How does investing in property work?

Once you buy a property, you can potentially make a profit in two ways:

  • Rent yield: what your tenants pay in rent, less maintenance and operating costs, such as repairs and agent fees.
  • Goodwill: the profit you make if you sell your rented property in Gurgaon for more than what you paid for it.

Risk and return

The amount of rent you can collect varies based on a number of factors, including market trends. Rents are not guaranteed:

If you can’t find tenants, or if you can’t collect the rent you expected, you may not be able to cover your mortgage.

If home prices drop, your property’s value will likely decline as well. You may not be able to sell it as much as you expected.

If you have to sell and the sale price does not cover the entire mortgage, you will have to make up the difference.

Major repairs or difficult tenants can add to your costs and problems in unexpected ways.

If the housing market is doing well, you may be able to sell your property for a large profit.

All these risks must be present at all times. Of course, once you have control of the market and you make an assessment of the profitability of renting that property, you can start generating profits. However, many times the results begin to be seen after a few months and even years, depending on the rented property in Noida.

Everything will depend on what you want to achieve. If you only have a home and you want to rent it, you are not going to strengthen your wealth with the earnings, and it may be enough to make a couple of trips or indulge in certain luxuries.

But, the situation changes when you have several properties and the rents. Monthly earnings are increased and you can make another type of investment, including buying more properties. This is undoubtedly a great idea with which you will increase your capital and recover the investment.

If you want to start building your wealth, calculate the returns on your new property, buy and rent it. In this way you will start in the real estate world and you can have unimaginable advances.

What Precautions Should I Take If I Rent My House?

If you have decided to rent your house, in good time: you are about to enter one of the most profitable businesses that exists. Your service is one that is always on the rise, with a guaranteed return.

By renting your house you receive benefits, but at the cost of not a few risks. Without a doubt it is something that cannot be avoided in any investment, but it does not hurt to be aware of each of them to neutralize it as much as possible.

The risks of renting your house

New responsibilities

By renting your house, you acquire more responsibilities related to the property than you already had. For this reason, it is important that you draw up a contract that stipulates each of these responsibilities, and who takes charge of them: payment of services, repairs in the property, voice and vote before the community of neighbors.

New taxes

The rent of an apartment means you a fixed income, but also put the eyes of the treasury on you. You must pay taxes on the profits that a property generates. Failure to do so expose yourself to fines and surcharges.

Periods without income

When you start renting your home as if you change tenants, your property will be empty for several months (especially if your requirements for tenant are very demanding). This is going to mean that you will run out of rental income during that period. You should consider that maintenance, electricity and other services will have to be paid, and that you will have to do it.

Tenants with past

It will never be too stressed that at the time of taking over a tenant you are sure of their solvency (an income that does not exceed 30% of their income guarantees that they will not default on their obligations) and their background (ask for some roots in their work and personal references never hurts).

Do it by yourself

The most important of the recommendations when renting your home is that you do not resort to verbal agreements or standard contracts, let alone you who collect the rent and this is why you should consult real estate agents in Noida.

Seven reasons why you need to hire a real estate agent

  • Experience in the real estate industry
  • Provide legal and financial advice
  • Avoid exposing yourself/safety issues
  • Guarantees a safe purchase
  • You will save time
  • Will be a better negotiator
  • Different perspective

The most important reason why you will need the services that a real estate agent does is their experience in the sector and their skills in that business.

Their strategies, contacts and recommendations will be crucial at the time of selling a property or making the purchase or rental of the home that best suits your needs.

Another great advantage of hiring a real estate agent will be their invaluable help when carrying out paperwork and financial movements.

As an expert in real estate, the real estate agents in Delhi know perfectly the documents and procedures to be carried out as part of the purchase-sale process, he can guide you to hire the services of a lawyer and/or notary, in addition, he will advise you on financial matters that first-time buyers are often unaware of and will have up-to-date information.

Tips To Get Good Tenants

Talking about how to get good tenants is much more difficult than it sounds. There is a high probability that you will get hardworking people, but there is also a small percentage of chance that you will meet the tenant of your nightmares.

For this reason, landlords currently require a series of documentation, almost incredible, to verify the real conditions of each individual who intends to rent.

In fact, owners of rented properties in Gurgaon request more than one security deposit in the event of an incident that could have a serious impact on their finances. Believe it or not, there are a few ways to figure out how to select the best possible tenant without having to hire a private detective.

These are some of the things to keep in mind:

Make a list of candidate information

From the moment you start receiving applications, make a classification to be able to find the profile that you have imposed on yourself. Then start evaluating one by one the requirements you requested, such as proof of work, recommendations, bank references, etc.

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Find out what their job performance has been

A good tenant should be a person who has the ability to pay the rent. If you wish, you can evaluate the time you have working in the company where you work and from there it is assumed whether or not you have job stability.

In the same way, take this advice into account, do not allow your tenant to have an income less than double the rent. This person must earn at least three times the amount of the lease.

Another point, check if the income is fixed, that you can clearly see in the account statements.

Review receipts to ensure solvency

All people make payments and have certain monthly expenses, check in detail if they have solvency. These credit ratings allow the owner to verify the identity, current residence, occupation, and income of the candidate.

Take into account the profile of future tenants

The economic activity of the tenants and the lifestyle falls directly on the use they will make of the property. The time they may reside will give us an idea of ​​a soon or distant renewal of the contract.

The profile of the tenants will allow taking into consideration certain clauses that it will be better to contemplate in the lease.

Discuss the details of the lease with the prospective tenant

From the first moment he comments on the forms of payment and asks if the tenant has the possibility to pay on the established date, the most common is to pay in advance.

Due to the large number of offers on the real estate rental market, the search time for tenants has greatly increased. In an unsuccessful season for rent, the owner of the apartment can look for tenants for several months.

Real estate market experts strongly recommend seeking help from real estate agents in Gurgaon. Landlords need to carefully look at future tenants and try to check with objective data the statements of decency and solvency.

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.

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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.

5 Practical Tips To Rent Safely In Summer With Real Estate Agents

Dive into the beauty of historical monuments, breathe the fresh air or discover new culture; in summer, working people want to disconnect, live new experiences and forget the worries of the year. Enjoy the destination with ease, without having to think about anything else. It is increasingly common to choose private apartments or houses to rent on your days off, since they are often cheaper, and also offer more space and privacy.

Unfortunately, not everything is rosy when yougo for rented property in Delhi. Sometimes problems arise, capable of making your summer bitter. That is why, here are five practical tips when you choose rented property in Gurgaon. Let’s go there!real estate agents in India

  1. Contact the landlord personally or hire property dealers in Delhi

When renting a home, you should not be left with any doubts. Contact the landlord directly, either by phone or by call. It is essential to know who is the real owner of the house. It should not be forgotten that many tourist accommodations are illegally re-rented.Another convenient option is to contact property dealers in Delhi, they will provide you perfect location for your holidays without any stress of illegal re-renting.

  1. Verify that the location of the rented property is real

The location of the house is something that one usually takes into account while travelling, especially to modern cities. To avoid disappointment upon arrival, check beforehand that the location of the house you have booked corresponds to reality. Or, you can hire real estate agents in Noida, to get rented property in Noida in a hassle-free manner. These agents are genuine, as they provide legal agreement before offering any apartment for sale in Gurgaon or Noida to the tourists.

  1. Be very careful with expenses not included

Expenses not included may mean another added headache. So, it is important that you do not pay the entire amount of the rent until you are in the accommodation, as it may be different from what you expected. In addition, at the time of contracting it must be clear that the price includes all expenses. If not, you should ask the landlord to clearly specify what that amount corresponds to.Seek guidance from real estate agents in Gurgaon before signing any legal document of the rented property in Delhi.

  1. Photograph all the rooms in the house

As soon as you arrive at the accommodation, photograph in detail all the rooms in the house to record the state of the rented properties in Noida. In this way you will not have problems with damage. If you can, send them to the landlord from your mobile phone at the same time to have clear proof of when you took the photos.

  1. Find out about your rights and obligations as a guest

Before traveling, it is important to know about your rights and obligations as a guest. You can do it through a consumer association or your lawyer, in order to be clear about the clauses of the contract and detect if any abuse occurs.

Why Rent A Furnished Office?

Renting and furnishing an office is one of the most expensive investments an entrepreneur can make. And if you’re just getting started or just don’t need full-time office space, you might think your options are limited.

Furnished office spaces have created a smart alternative to the traditional office, eliminating all unnecessary fees and at the same time providing a fully functional office whenever you need it.

4 advantages of renting a furnished office

  1. Do not require an establishment process

Ask anyone who has gone through the process of establishing an office and they will tell you how many different pieces are needed to complete the puzzle. But why would you waste time and money if you achieve the same results without having to make such expensive investments? The offices furnished fully come equipped and ready to go. That means you can stay focused on what is really important to you and your business without creating unnecessary blockages and difficulties.

  1. A professional and relaxed environment

Regardless of your industry or state, your image is probably important to you. The fully furnished office space in Delhi gives you instant credibility in the community, you can win the trust of customers, colleagues and potential and existing customers quickly and easily.

  1. It is profitable

If you are like most entrepreneurs, staying within the budget is essential. The furnished office spaces give you all the functionality without the great price tag. In addition to that, they usually include all the services, so you will only pay one bill per month with all the services included.

  1. It gives you space to grow

Just as a plant needs an adequate environment to grow and prosper, your business also needs space to spread its roots and the right ingredients to make it grow. Virtual office spaces and furnished offices allow you to extend your professional wings by offering customized office solutions that you can fold and mold to meet your needs.

The furnished office rental

The best thing is to rent an office where everything is already available. When visiting a fully furnished office space in Noida for rent, you can immediately see the design of the office and you don’t have to imagine how it will be. A furnished office means less expenses. You don’t have to worry about whether the furniture you already have fits and you don’t have to stress about moving. You can start right now in your new office for rent.

What is the business centre?

To understand what a business centre is, you have to know more about an office building. An office building is a building in which more companies are located. A business centre is a more luxurious variety of an office building, they offer more services to entrepreneurs who rent an office.

That’s why you have to rent an office in a business centre

What are the biggest advantages of renting an office in a business centre? Our description of a business centre has already given you an idea of ​​the advantages. The 3 biggest advantages of renting an office in a business centre is a furnished office, an all-inclusive rental price, and the services that are available.

What Should We Pay Attention While Buying Housing?

Housing to have the dream of all and this is the first of our objectives in– life.

Achieving personal and financial independence creates a feeling of well-being, but achieving it can cost a lot; however it takes a little effort and knowing how to manage your budget very carefully.

Before thinking about becoming completely independent, you must take into account certain factors such as your income, your expenses, savings, etc. When you know what you have to become independent, you can have a control and information approach.

If the idea of ​​becoming independent has been around in your head for a while then take these practical tips into account before carrying it out. If you have decided to go live alone, you should not only worry about buying furniture and accessories for your new home.Real Estate agent

First; take into account what type of house or apartment you can pay, remember that if you decide to become independent, you will only cover the expenses of rent, electricity, water, and gas.

Second; you can look for a house to your possibilities through friends or family to start you can look for a small bedroom, where you do not have to invest as much in furniture.

Third; do not always keep the first apartment or house that they offer you, many times the emotion of going to live alone causes us to make mistakes such as not investigating which house is convenient for us.

Take the following into account: 

Apart from taking into account that the price of the rent should not be too high, before choosing where we want to live, we must take into account that the place we decide is close to our workplace, this will help us save time and money on transport.

What Are The Important Points When Buying A Housing?

There must be some official issues. For example, is the floor easement of our building established? Does he have a settlement? Is our building suitable for credit? Is there a legal problem arising from the contract between the owner and the contractor? Is there a common area occupation in the building? Does the person who sells really owns this property?

The identity information of the person selling with the title deed must be overlaid. Because sometimes you may encounter some surprises. Be careful not to be scammed. Another point to note, is there any demolition decision in the municipal file? Has a report on the building been kept? It must be investigated.

If we are going to buy an old building, first of all, it should be checked with property dealers in Gurgaon about the strength of the building, especially the condition of the beams, starting from the basement of the building.

Investigations should be made for any corrosion. It should be noted whether there is an installation passing through the columns and whether the columns damage such installation.

You should definitely check the rust rate of the irons and the humidity of the floor of the basement. At another point, it is necessary to investigate whether the number of floors in the project in the municipality holds the number in its place.

Also, is there a difference between the floor in the plan and the floor now, it is absolutely necessary to examine it. Otherwise, you can remain victimized after choosing a house.