Real estate is defined as a property in the form of Land or Building. Real estate investing means buying, selling and renting land or buildings with an aim to make profit. Real estate investment is one of the oldest method of investing in the world. A piece of land often considered as a status symbol in countries like India.Why invest in property market.
World has come to recognize real estate or property investment as the safest investment on the earth. It has many benefits. People go for real estate when they want to invest their hard earned money safely. This is the first saving tips if you talk to any elders. Even though it comes with some dis advantages like the Liquidity problem you invest here because it is safe and highly rewarding. Real estate market is a developing country like India has gone up considerably.
Real estate investment is capital intensive investment. You need money upfront to transfer the property. But more than 70 percent of the deals are happening with the help of mortgage. What is a mortgage? mortgage is an agreement which allows you to borrow money from a bank or similar organization, especially in order to buy a house or apartment, or the amount of money itself:
We see a lot of investment strategies associated with Real estate these days. One of them is You enter in to a contract with the seller that you will purchase his property. You pay an advance of 20 or 25 percent and for the remaining amount you agree for a mutually agreed period of say 3 months. You try to find a person who is interested in the property within the agreed time and sell the property to him for a high value. Thus document charges and stamp duty are saved. You also make good profit.Another strategy is you buy a property with an intention to undertake the development of it and make profit. This is called real estate development.
Real estate search or source.
Real estate is governed by different rules and traditions in different parts of the world. To find a property itself is a huge task. You can use different sources to find a worthy property.
Real estate agents
Advertisements (online, News papers and Magazines)
Banks and other financial institutions that sell or auction mortgaged properties.
By search personally.
These are the ways people employ generally to search properties.
Real estate search or source.
Real estate is governed by different rules and traditions in different parts of the world. To find a property itself is a huge task. You can use different sources to find a worthy property.
Real estate agents
Advertisements (online, News papers and Magazines)
Banks and other financial institutions that sell or auction mortgaged properties.
By search personally.
These are the ways people employ generally to search properties.
Real estate law.
Real estate is governed by different laws and rules by different people. In places like India where people live as a family there are changes of dragging litigation. You have to seek legal advice once you located a property. You must also make proper enquiries about the ownership, market price, and resale option of the property. You must use your intelligence in over coming this major short comings. Frauds and fraudulent activities do happen here.
Arrange Finance.
Arranging Finance is another big concern here. You need money to settle dues and there will be problems related to money at the time of purchase. Most people do mortgage their properties to finance their purchase. Mortgaging is a difficult exercise. There are people who have paid more interest per month for the property than the amount of rent they received. Mortgaging your property also means you are not the original owner unless you clear your dues.
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