Where to invest and how much to invest in the New Year? What should be the tactics for the New Year?

Hello friends,

I am here again, to tell you all about few things regarding the real estate tactics for the New Year. As you all know the year 2016 is about to end within sometime and this year we all have seen various sorts of auctions in Australia, we have seen the high and the low time in the real estate market; also we have seen many times that the buyers are crazy to buy the house but they are unable to manage money.

In my previous posts, I have talked about many things, so as the year is ending I would like summon all the things and would like share my views regarding the real estate strategies.

See, first of first, if you are planning to buy a house, then it would be a very bad idea to go for buying it alone as one takes more than the sufficient time to save the money and buy a house. So, try to go for buying the house with your partner. Second, try to find the house near the most profitable suburb, because if the price of the suburb increases, your investment will be double soon.

Third, hire an agent, when you decide to buy a house or want to go rent option, the agents can aid you in this better than anyone. And lastly, I would like to wish you all,  A Very Happy New Year.

The Home values probably would be keep rising as rental yields tighten

If you look towards the two other cities – Adelaide (0.7%) and Darwin (0.3%) – these are recorded as in terms of the growth in the home values, while the beautiful city Melbourne and Brisbane were totally flat during the cool and hot month of August. Australia’s other capital cities have also recorded a month-on-month fall up to 1.7%.

The CoreLogic RP Data Home August Value Index has showed more and more encouraging growth the rates for the rolling quarters.

The CoreLogic RP Data head of research, Mr. Tim Lawless said, “the quarterly figures show how strong the housing market has been in the past three months, with a growth rate of 5.3% across Australia’s combined capital cities.”

“Both cities (Sydney and Melbourne) have seen dwelling values trend substantially higher than other capitals, where the third highest growth rate over the three month period was Brisbane, which showed an increase in values of 2.2%,” Lawless said.

“While the three largest capital cities, together with Hobart, have all recorded growth in dwelling values over the past three months, half the nation’s capital cities have recorded a fall in values.

“Darwin recorded the most substantial decline in values with a fall of 3.2% over the three month period, while Perth values were down by 1.5 per cent, Canberra values were 0.8% lower and Adelaide values are slightly lower, at 0.1%.”

So, you all can see in the better way which city option is good for you as the data has revealed many things.

Want to invest in a house? This is month of auctions... so, what’s your planning

Just start your planning in this weekend along the coast, as there are two auctions slated and more than 100 open homes are just enlisted.

This is truly an exciting land opportunity for everyone and in Leopold is just all set to go under the hammer at 11am on the very good day of weekend and it is Saturday.

There is a very good opportunity as the 629sq m area of the land at 89 Hillclimb Dr is just in the established firth estate and has flawless views across Geelong region and over the beautiful bay to the You Yangs.

The selling agent named Levi Turner, of the Bellarine Property, and also the Barwon Heads, said that price expectations were just in the mid-$200,000s.

This area of the land renders the particular potential to build a very beautiful dream home.

A very well-maintained gorgeous three-bedroom house is just slated for the auction at 11am on Saturday.

The other selling agent named Mark Mitchell, who is of One Agency that’s named Grovedale, said that the price expectations for the 4 Parrakoola Dr, Clifton Springs were from high notion -$200,000s to the low notion-$300,000s.

There is a property, which is primed for that major redevelopment is already open for the inspection at 1.45pm on Saturday.

It is located at 56 Lake Ave, Ocean Grove; the whole area is 1100sq m and the property has dual street frontages and the house has the potential to be renovated.

So, what is your planning?

What is actually called as the high demand of the department? Let’s hear about that straight from the horse mouth

Nowadays, the people, who are aware with some facts says that the NBN network connectivity is now the major factor, when it comes to the people choose that where they want to live.

The REA Group data has found that the most searched-for suburbs for the new apartments in the every state on realestate.com.au are the almost universally connected to the NBN network.

Julian Nachmias, who is the NBN General Manager of Build Partnerships, says that for the buyers of new apartments, just access to the NBN network has become a very non-negotiable thing.

“For the first time we’re starting to see people actually walk into a sales display office and ask the question: has this got high-speed broadband or the nbn network available here? Because they know once they move into their home, if everyone’s going to be happy they need to have high-speed broadband,” Nachmias said.

“We’ve done a lot of surveys and one of those surveys found that 80% of buyers say that a reliable broadband connection is a key consideration when searching for a property. A few years ago you wouldn’t have seen that all that much.” Nachmias added.

“We’re seeing that about 65% of home buyers would consider negotiating a lower price if they can’t get the broadband that they need. They’re seeing it as almost like a detractor – if I’m going to buy this new property and it’s not going to have high-speed broadband, then why on earth am I paying this price?” Nachmias further added.

So, as we can see how Nachmias has thrown lights on the issues. What do you all think about it?

New South Wales real estate

IT’S not just the top-end harbor front  homes setting records across Sydney during the just-completed blockbuster spring sales season, with stellar prices paid in suburbs as far from the water as Raby and Mt Annan. Sydney’s annual price growth is now 13per cent higher than the same time last year, according to the latest­ Core Logic data. While waterfront homes still maintain a certain cache, they don’t necessarily need to be overlooking Sydney Harbor to attract top dollar. A six-bedroom, four-level home complete with boating facilities on Kogarah Bay smashed the Sans Souci record by more than $3 million when it sold last month for $9.105 million. In nearby Kyle Bay, a five-bedroom home set the non-waterfront record for that suburb at $3.78 million. In Strathy field the sales ­record was equaled and then blown out of the water in just two months. A four-bedroom Newton Rd home sold for $6.8 million in August and then, just weeks later, an eight-­bedroom Allandale Ave manor sold for $7.3 million. Bellerose agents are expecting a record to be broken with the listing of Kameraigal, which has a price guide of$8.75 million. Mt Annan recorded its first $1 million-plus sale with a six-bedroom home plus granny flat opposite the ­botanic gardens fetching $1.07 million last month. And a grand residence in Raby fetched$1.36 million, after last selling in 1986 for just $64,000.Of course Altona, one of Sydney’s most iconic trophy homes, beat its own record of $52 million set in 2013 when it sold again recently for $60 million-plus.

Internet and Real Estate

There is no doubt that the internet has revolutionized the way we work and do businesses. Online business models are now emerging in a range of industries that previously involved bricks and mortar investments. But how much it has impacted on real estate? There you can have your thought process. The rise of online music stores such as Apple, iTunes, or book stores such as amazon.com have emerged as new threats to existing bricks and mortar retailers.

The power of the internet as a selling tool its ability to quickly search and find the information required by the customer and make use of appropriate database management systems to accurately match the consumers requirement.

Melbourne’s residential property stole some of the limelight from Sydney in 2014-15.This only because the buyers are now getting involved in internet stuffs, they are aware of their vicinities. Are retailers following? Yes, but there have been some interesting shifts in the Melbourne retail property market. It is been an interesting year for the Melbourne retail property market. Low interest rates helped fuel demand for housing in 2014, but the falling Aussie dollar and an influx of foreign tourists and bringing luxury brands to Melbourne. In 2015 there has been backlash against the high rents on Collin streets. There is enough contribution with luxury brands as well. Luxury brands rely on tourists for steady sales and tourism is surging in Melbourne. In 12 months to September 2014. Of those, more than 365,000 were Chinese tourists.        

Australia Real Estate Report

Commercial real estate in Australia has weathered external headwinds from a slowdown in China, global economic uncertainty, and a fall commodities prices. This can be attributed to the influx of foreign investment into prime assets that has kept prices buoyant and rental rates comparatively high. However, the surge of acquisitions from foreign investors has led to falling capitalization rates, primarily influenced by a lack of supply. The current investment climate presents opportunities over 2017, with particular prospects for property managers.

As the construction pipeline is controlled and regulated heavily, new developments will be limited over the coming 12 months, seeing little activity in the Brisbane market as a result. The predominantly industrial market in Perth looks to come under pressure from falling oil prices, which affects exports considerably, and will hence see a fall in demand for industrial real estate units.

So, over all this is a bit serious time for all the people, who had the desire to buy and who wanted to make property. However, it can't be predicted what can happen next but yes, possibly the dark clouds may clear the sky soon.

But if the things looked clearly, the elected president of America is the major tension as he is an incorrigible person and actually unpredictable. Hence, it is impossible for the analysts also to tell something about the real estate condition in any place of Australia.

Property Boom In Sydney and Melbourne

When the topic of Australian Real Estate comes, most of the people give more preference to Melbourne than Sydney, why? The data of houses/ flats sold and bought is varying a lot in terms of these two. It is being drawn from the data that Melbourne is surpassing Sydney.

Basically Melbourne has posted quarterly home price growth of 5%, increased by 2.3% rise during the month of September. Whereas Sydney, still recorded strong price increased by 3.5% over the quarter, but 0.8% only last month.

When we talk on the other hand Sydney's annual price growth is 10.2%, which is still strongest in the nation but don't think that Melbourne is lagging behind as Melbourne is closing its annual price at 9%, which is quite significant.

Mr. Tim Lawless, the CoreLogics Head of Asia-Pacific research predicted that no one should expect this cycle could really last that much longer. He also added that there are clear parallels with the property booms of the early 2000s, where Sydney home price surged between 2000-2004, before leveling off and even dropping afterward and recovering until 2009.

Henceforth, Sydney is now facing a very nice and great competition from Melbourne, as Melbourne is just following it in terms of the rise of the property price. However, if take a look towards the mining regions, it can be seen that North Western Australia is quite worsen for the investors. In that term, Sydney and Melbourne is a very good option for everyone.

RENTING IS BETTER FOR AUSTRALIANS RIGHT NOW

The deterioration of home affordability because of rising property prices has been a critical issue for a number of years, particularly among young Australians wanting to buy a first home.
Maybe the solution is… don’t buy but rent instead.
We know Australians love their bricks and mortar, but maybe we have taken that love affair a little too far. The latest property data suggests that’s the case, with renting arising as the most financial confidence move right now.
As property prices sustained to soar on the east coast last year, RP Data research shows that capital city rents increased by just 0.3 percent in 2015. While it may be a bitter pill for investors who depend on a good rental return to swallow, it should make potential homebuyers hiatus to consider their next move.
Australia was lucky to avoid a house price crumple during the financial crisis but that’s not to say it can’t happen here. Many academics and economists have been advising of the possibility of something similar in Australia. But provided it doesn’t happen and prices continue to raise, leverage will benefit those who own. Over the long term, the value of leverage is approximately equal to (annual return – mortgage interest rate) x leverage.
Of course, buyers build up equity as they pay off their loan, which can make up for superior monthly costs. However, short term, we’d say that most people are better off renting right now.
But, and this is a big but, renting where it’s cheaper than owning is only a better financial decision if you invest the difference between the cost of renting and the cost to buy.
If you blow the money saved from renting instead of investing it, you’re better off servicing a mortgage and having an asset to show at the end of the day. Think of it as enforced saving.
If you do have that financial self-control, then renting is probably a better option. We don’t just say that because of the greater financial burden of a mortgage compared to a lease in the current market, but also because of the less tangible benefits.
The opportunity cost of a mortgage is noteworthy. By that, we mean that having your money tied up in a mortgage means you don’t have it to pay out on other opportunities… Investing in a business, selling shares, funding further education.
The most current research from the Australian Housing and Urban Research Institute shows a surge in the proportion of renters who are long-term tenants. One-third of all private renters were long-term in 2013, up from one-quarter two decades ago.

Overseas market interested in Australian real estate

Overseas market interested in Australian real estate

The cities of Australia are the latest destination for globally-minded property investors. New York has been an attracting property since the 1950s, with buyers drawn in by the city’s fame. Now the Australian is the main focus for investors.

Before four years, the government of federal relaxed some of the rules which restrict the foreign citizens from buying of real estate of Australian. Now people who have been residents for more than 12 months may qualify to buy the established property, a change that has opened the door to an area of interest from purchasers of overseas.

Most prominent are buyers from the country of Hong Kong, China and Singapore, who are mostly favouring the apartments of inner city and family homes in Melbourne’s eastern suburbs and on Sydney’s North Shore.

But they are not alone; Malaysian, Taiwanese and South Korean buyers are in the market, targeting the new apartments and townhouses in east coast side of cities. Perth is showing interest from the South Africa and investors from the Middle East are merely active in southeast Queensland.

Why are the overseas market interested  in buying here?

Overseas-based buyers are investing here for many reasons:

1. Australia real estate has proved an investment with security, while perennial favorites – think that the US shares and European bonds have been surprisingly more volatile.

2. Wealthy families are the investing part of their portfolio offshore because of the concerns about the stability of political or the sometimes arbitrary actions of the officials of the government.

3. Purchases are tied in with establishing a residency for a family member in a safe prosperous country like Australia.

Australian Real Estate: Is Turnbull’s Return Good News?

There are a number of effects that completely justify the re-election of the Turnbull government, and the Australian Property Market enjoys one of them. Not only the properties are hitting back the markets, the property markets are regaining investors’ trust as well. The interest rates are record low this time and investors are assured of the market to not to have any considerable negative changes.

But that doesn’t make everything fine and peaceful. The public is still concerned about the property market. Looking at the housing affordability and other similar issues, it seems the government still has a lot to work upon. Though in its last term it was a brilliant decision by the state government to appoint a minister for cities but in addition to that this time they need to appoint one to take care of all the overseas real estate market.

With mind-blowing foundation of more than eighteen million superannuation funds in Australia and employing almost every fourth Australian citizen, Real Estate market is certainly one of the largest markets in Australia. In fact, since the mining sector seems to be losing its pace, Australian Real estate can very well be called the backbone of country’s economy. Moreover, the residential real estate alone has its net worth of more than $6 trillion. Thus, it is important for the federal government to make more efforts to bring stability and calm to the property market in order to maintain the economy of the country. For more information on Australian Real Estate and other similar issues, feel free to follow us.

Australian Real Estate: The Chinese Tale

There’s a whole new story to the existing boom in the Australian Real Estate. And this time the Chinese are to blame. A large number of Chinese buyers are planning (and looking as well) some permanent residences in Australia for the quality of life they find here.

There’ve been a lot of Chinese students that came to Australia for the education. But their course of stay during their studies fascinated them about the lifestyle they found here. As a result, these students who once lived in off-plan rented places just to complete the education are now looking for terraced houses to stay in Australia. Most of them belong to the group that came in 2012 for education. Now they have families and kids and are looking for proper residential properties to buy.

What adds to it is that these people are also reluctant to leave their current residence in Australia. Just for the safety of it, they are planning to keep their old rented houses so that in case of any tough competition by foreign investors they at least have something by their side.

But here’s where it gets troublesome for the locals. More Chinese attracted towards the Australia certainly brings more investment, but it also means less options for local buyers. The already existing shortage of preferable properties going to be even bigger due to the Chinese investors.

The Australian government has taken measures to bring foreign investment, but it needs to think about its people more and come up with plans more in their favor. For more information on real estate and property updates keep following us.

Australian Real Estate Attracting China

Australian Real Estate Attracting China

As a matter of fact, many countries around the world rely on China for their economy in spite of being resource rich themselves. Since the Chinese demand is getting lower gradually, it is a bad news for the economic strength of these countries. Australia was also about to be added in this list of unfortunates when mines were getting shut in China causing Australian Mine Workers to lose their jobs. But there was something else that interested the Chinese.

Australia’s appreciable education system and better living standards lured the Chinese to see a better future in the country. Thus, Chinese are ready to spend in Australia by sending their students to good Australian Universities, importing the Australian food and investing more and more in Australian Real Estate. In fact, since 2010, the Australian investment has grown up to ten folds. Sydney, Melbourne or any other big cities are having at least half of the next apartments owned by the Chinese. Comparing to the last year, this year the Chinese investment in Australian Real Estate has doubled. In addition to that, it has been triple to what it was in US last year.

With a dream of a better future in Australia, Chinese are more and more interested in Australian property which certainly good for the Australian economy especially in current times. Thus, China’s interest in Australian Real Estate is certainly a boon, unless of course, the whole China decides to shift to Australia which might cause some problems. For more information on this and other Australian Real Estate updates, keep following us.

5 cities in Australia that Provide a Friendly Atmosphere for Dogs

Thinking of moving out of the city for a change, but do not wish to leave behind your pup? Stop worrying about who you can trust to take care of your dog rather plan a holiday that both you and your pup can enjoy.

The following cities are best to plan your vacation along with your dog:

·       Sydney -The Surf Puppies Adventure Group in Sydney is an awesome way to enjoy exciting activities like involving in conservation efforts, canyoning and dogs are welcome too. There is a dog-friendly beach named Greenhills Beach along with certain friendly harbor beaches, lush lagoons, and secluded bays for your pet to splash about in.

·       Brisbane -There are about 120great dog-friendly beaches and off-leash parks for your canine friend to enjoy. Like Grey Gum and Booker Place have dog dexterity equipment so your pup can unleash his inner Crafts champion. Tuckeroo Park possesses a doggy swimming pool, a dog adventure park, and a dog obstacle course.

·       Adelaide -Adelaide has certain great pup friendly beaches, like Moana Beach. The North Adelaide Dog Park is divided into 2 zones, one for small dogs and one for big dogs, so it is perfect for socializing nervous dogs.

·       Hobart –Knocklofty Reserve is a beautiful natural park five minutes from the city. A very good dog-friendly community walk here daily. Dog poop bags dispensers and bins are placed at the entry points.

·       Noosa Heads (Hervey Bay) -Burrum Heads is a 30 min from Hervey bay. Dogs are allowed in Lions Park on a leash. Adjoining beach is suitable for pups off the leash.Poop clean up bins are there near the Lions park sign.

Once in a while visit these cities with your dog.

5 steps to a successful campaign to sell your house

From experienced investors to 1^st time sellers, all wishes a perfect result when it comes time to sell. Once you decide to sell your property, there are certain simple steps to critically get the most from your sales campaign.

·    Select an agent -When it is time to sell your property you should inspect to road test local agents.You must talk to them as a purchaser; go through the property and do not mention that you are selling. Then you know whether their selling style suits you.

·   Prepare early –To wait until the last to sell your property gives unneeded stress. As early you decide you need to sell, it is the right time for your campaign.

·         Make necessary repairs –Your home may have certain portions that required repairing or fixing before it goes on for sale.

·    Look at the economy –When fixing your target price for the real estate see how quick you want it over, the market around your house, what you incur on it, and what you require to sign for your next house.

·  Have realistic expectations –Suppose a vendor’s family and neighbors are telling them their home is going to sell for at least $100,000 higher than they advertised it. And they got caught up in what they said; therefore they rejected an early offer which ended up being $25,000 more than they ended up getting.

So here are the steps you should consider before putting up that “For Sale” signboard.

Leadership principles that may help Real Estate Wholesalers

Leadership, essentially, is an influence. A wholesaler is the influencer in his/her respective Real estate area. Years of experience are enough to mark out a few principles which are enlisted here:

1. Being sensational

If you had to choose between getting a case of vintage wine and a carton full of beer for free, what would be your take? If you don’t like the deliciously old luxury of high-quality wine, then definitely you would choose beer. But will you? Why? Quality, taste and luxury. Same words are used when you describe a successful real estate wholesaler. The quality of the property, the taste in choosing them, the level luxury in those. You and your team need to be all that. You should be the definition of awesome. Also, you need to be sensational and indispensable for your buyers. They should see you as a factor in their potential success. Influential, tasteful, trustworthy and stellar are the type of words that have to be associated with you and your team. Sell your idea to your team, make them function as a single entity. From text alerts to presentations, add a signature sparkle to your work and see bees buzzing around for business.

2. Honorable conduct

If honor was reserved for those of us who never erred, then none of us will be worthy.

- C.L.Wilson

 Honor is acknowledging greatness, with the flaws. As a leader, you need to encourage, cheer, motivate, help and honor wherever necessary. This is honorable conduct. Changing mindsets, sticking to the core values and aiming high instead of playing dirty. This is honorable conduct. Helping others to grow while evolving through the journey, that’s honorable conduct. This has to be you, the leader. It isn’t always about the big bucks, it’s about the reputation that outlasts you yourself.

3. Eyes at the goal you envision

Future is a mystery, but property business is as unpredictable as the next fish in the sea. But charting a plan is important anyway. You always have to plot the way achieve the next level. Make goals for the next month, how many deals do you want? Make achievable and tangible targets which a stress on steady elevation. How can you achieve these goals? What do you need to achieve those goals? Where do you envision your business to be? Chart that and pursue it with an unbending passion.

There is no shortcut to success, but there are certain sure shots to it. Implementing any set of solid principles have never led an organization astray. What you need is, efficient leadership, and that is a product of these pointers.

Tips for negotiating when purchasing investment property

Tips for negotiating when purchasing investment property

Buying a property may be the biggest monetary commitment you make in your life. Therefore it is vital for buyers to consolidate their position in the purchasing process via the valuable skill of negotiation.

Tips you need to follow in the negotiation process:

·       Know that negotiation is a process - Accepting the reality that negotiation is a two-way path help make the process less appalling. Each party, the seller and the buyer need to gain something from the transaction and feel contented with the result.

·       Research the market - Inspect as many properties you can before you begin negotiating. This allows you to get a feel for the quality of properties available on the market and the approximate sales prices. This enables you to feel more confident during the negotiating process.

·       Use the agent - The seller uses a real estate agent. An agent is an integral person in the negotiation process so ensure that you are polite, respectful, professional, and make a nice first impression. Hiding your interest in a real estate can sometimes backfire, with an agent not taking you seriously as a purchaser; conversely, do not put all your terms in front at once without thinking it through.

·       Be confident - Put any negativity and any fears to the side. A positive, confident attitude is a key in any sort of negotiation.

Strong negotiating skills help in owning a real estate at a lower rate, which will save your money as well as future interest payments.

Rentable vs. Usable Square Feet

Rentable vs. Usable Square Feet

The first step in appraising a commercial property is to determine the total rentable square feet. This may seem like a genuine calculation; unfortunately, it does not end up being very simple. This is specifically true for multi-tenant buildings.

To determine the rent in maximum office leases includes both usable square feet along with tenant’s proportionate share of common areas in the construction.

What is a rentable and usable square feet?

When estimating the size of a space for lease, start with the measurement of usable square feet.  This is the area of a building occupied by the tenant. It is the calculation of the space available for only the tenant’s use and is not accessible by other tenants. It is measured from the portion of the exterior walls and windows to the middle of walls.

Once the usable square feet are established, a common area factor is added to the measurement. Common Area Factor is the shared space on tenant’s floor and the areas of a space that services the whole property like lobbies, access corridors, public restrooms, public restrooms, conference centres, fitness centres, and loading areas. Stairs, elevator shafts, and utility runs, is not calculated within common area factor. Architects use a method referred to as Building Owners and Managers Association International to calculate the common area factor.

Rentable square feet is a combination of usable square feet and common area factor. This is the square feet the tenant actually pays rent on and should be studied when comparing different buildings.

The commercial real estate advisor provides you with the necessary guidance and ensures the best deal possible with the highest value per usable square foot.

Home Ownership Advisor and Their Role

Homeownership advisors are of highest quality, certified, trained homeownership professionals in the state. They provide families and people with the guidelines they need to make smart choices to attain their personal goals, whether purchasing a home, being financially stable and avoiding foreclosure.

What Homeownership advisor does to help buyers?

• He helps you to determine if you are ready to purchase.
• He helps you to calculate how many homes you can afford.
• He reviews your credit report for you.
• He provides information on existing mortgage loan programs.
• He gets you connected to down payments and closing cost support.
• He personalizes a plan to get you into homeownership.
• He maintains and updates the customer records while and after every counseling period in customer tracking database, individual files, and comply with all guidelines for confidentiality of files and records.
• He assists with organizing home buyer workshops including course content delivery and group facilitation.
• He ensures that measures of quality control are followed and customer satisfaction should be a priority of counseling program.
• He assists with the implementation and development of a complete outreach and marketing plan for recruiting partners and customers for the program.
• He assists other employees with allotted special projects and tasks considered to operate a successful homeownership program.

The high-quality homebuyer counseling makes a difference in your long-term success. Informed customers are successful homeowners. The counseling provides you with personalized resources and information.  These homebuyer counselors are called Homeownership Advisors and they are members of the Homeownership Advisors Network.

3 Real Estate Problems that need a Good Lawyer

It is not just the buyer and seller in a real estate property deal. It is an affair that needs other important people like property inspector, an agent and lender and most importantly a good real estate lawyer.

 The legal advisory is indispensable throughout the property deal. There might be issues that you may overlook while buying the property but later may grow up to be a pain. Such issues demand a good legal knowledge as well as experience, here are 3 problems that essentially require a good real estate lawyer:

1.    Property  or Liability

Often there’ve been cases where the property sold had some unpaid mortgage which later became the buyer’s problem. A property under mortgage debt is not only a painful deal but might be lost to the bank if the debt is not paid. This is where a real estate lawyer comes as a savior.

2.    What’s Hiding There?

Latent Defects or in simpler terms, hidden expenses are another problem that the buyers face post buying the property. Defects like leaky roofs, molds, pests etc. may become a headache and may not just be tackled by a good inspection. A legal expertise is necessary to ensure that you have all hidden corners covered.

3.    Contract Flaws

The contracts for the deal might be tricky to understand. What the seller tells may not exactly be what the contract says and thus you need a good lawyer to know that all the cases and terms are well stated in the contract

So, a good real estate lawyer saves you the stress of extensive research over legal matter and makes your deal smooth.

Perks of photography in real estate

Photography is the first and foremost rule in real estate marketing strategies. Most of the buyers and sellers look for houses via the internet and the one thing they look for is high (preferably HD) quality pictures of the properties.

Real estate agents take a few pictures but with a normal camera. In the era of high definition DSLR pictures if you click with simple ones then you got to leave a bad impression. Spacious rooms seem dark, unexciting and small, windows offering awe quality views becomes dull walls under white light. In total, the masterpiece looks like some strange, dreary construction.

Some importance of photography is:

• Online sites with professional photography account for about 60% more views than just normal clicks.
•   High priced homes like above $200,000 are brought when advertised with professional images.
•   Clients lean on the trust that their consignment is in responsible hands, so professional photography of your property ensures a good impression.
•   You can command a higher price for the property depending on the pictures as it attracts more customers.

·       The goal is to make the buyer want to view that particular property more than the others, and convince him to visualize himself getting in before entering through the front door.

·       To add photography means making your way above the competition in real estate listings.

Good photography draws a buyer in and bad counterpart drives them away. A professional photographer is skilled to display a property at its best. The passion is to ensure these mansions look as wonderful in print as they do in reality.

Websites in Real Estates

All you need is to market yourself effectively. As the time is passing by, the focus of marketing is gradually shifting from outbound to inbound. You have to appear online either through your own website or content marketing or through any social media to get connected to your target client in real time.

A real estate agent makes you understand the picture of real estates and how to conduct your business, so agents need to be in the field constantly via websites.

Reasons to build your own website:

·       To become a client resource –Create a website with valuable resources about you; the agent and the services you provide.

·       Brand yourself –Create your online brand as it is a direct reflection of your goals and authority, someone whom clients can trust fully.

·       Stay current – According to National Association of Realtors, almost 96% customers find properties via the internet. So it’s important to remain available such that potential clients can reach you anywhere anytime.

·       Grow your personal brand – Personal branding is important to set yourself apart from other competitors.

·       Become the ‘go-to’ website for clients –Add tools like; information on loan programs, home buyer tips, MLS listings and mortgage calculators to make your website the one place client won’t miss.

·       Networking through blogs – Create blogs to attract your audience.

Virtual office website (VOW) is a real estate search site that allows the public to search properties approved by MLS listing in a given area under conditions.