Services offered by the real estate agents

 Real estate agents are the individuals and companies who facilitate buying and selling of real properties to their clients. Though their primary focus are related to the marketing of real estates available for sale, many real estate agents also offer renting and management services of houses, apartments, land and commercial properties. Real estate agents maintain extensive networks of brokers, agents and property dealers as well as databases of properties offered for sale and persons searching for real estates. These helps them to assist their clients in finding sellers for the clients interested to buy real estate and finding buyers for those trying to sell real estate. They help their clients in closing the deal at the best possible price under the best terms.

What makes a Real Estate Agent

If a person working as real estate agent is required to obtain a license for practice. The rules define a licensed real estate agent as a professional who has obtained either a real estate salesperson's license or a real estate broker's license. The licensing rule provides immunity to the clients from being cheated by the unscrupulous agents. Though the agents commonly fill out the real estate contract form, they are not given the power of attorney to sign the real estate contract or the deed. These documents are to be signed by the respective principals.

Real estate agents charge their clients in the form of commissions from the transaction process. In general, an agent can work both as buying and selling agent in different transactions, and conducts fiduciary duty to the clients. If the same real estate agent represents both the buyer and the seller, the agent is typically considered a dual agent. However, there are certain real estate agents who prefer working as a buyer’s or seller’s agent exclusively.

If you are planning to sell your real estate, you can benefit by seeking services from a reputed real estate agent. Once entered into a contract, the agent will ensure that the real estate property is listed for sale to the public. Often multiple listing services are used for better results. Your agent will undertake the publicity works such as preparation of papers describing the property for advertising, pamphlets, and open houses to show the property. Prescreening the buyers regarding their financial status to be eligible as a buyer is also done by the real estate agents. They negotiate with the buyers in closing the deal successfully and also act as a fiduciary for their clients. If, on the other hand, you want to buy a property, you can approach a real estate agent who can help you find a real estate in accordance with your requirements, specifications, and affordability.

Your agent will take you to show you the various properties available for sale. When deemed appropriate they also prescreening the buyers to ensure they are financially qualified to buy the properties shown. Once the property is selected the real estate agent negotiates the price on behalf of the buyers and prepares standard real estate purchase contract. Reputed real estate agents also offer absolute personal commitment and effective follow-up once the deal is over, and provide complete satisfaction to their clients.  rhnws.com.au

Agent required client personal identification information

 As a real estate agent you are subject to abide by certain legislation and regulations with respect to confirming your client/customers identity and personal identification information. Real estate agents have been required to collect personal identification information from buyers and sellers, and to complete a report on all funds that are received throughout the course of the transaction, even those less than $10,000.

The main requirements that are applicable to real estate agents under this legislation include:

- documentation of personal information and proof of identity of clients in each and every transaction, including occupation (acceptable forms of identification verification include a government issued identification document such as a drivers licence, passport, or residency card);

- if the client is located in another city, province or country, and a face-to-face meeting is not possible, realtors are required to use an agent in that city, province or country, in order to identify third parties and verify the accuracy of their personal information;

- when a buyer/ seller is conducting a private transaction, in which a real estate agent is representing the other party involved, the realtor is required by law to verify the private buyer/seller’s information;

- if there is a third party involved in the transaction, a realtor must obtain their identification information;

- any time that funds are deposited or exchanged in a transaction a realtor must complete a report outlining the amount that was received and how it was obtained, no matter what the monetary amount is; and

- in relation to clients who are corporations, realtors must obtain the corporation’s confirmation of existence, the corporation name, the corporation address, the names of the directors, and any other relevant corporate documentation in order to complete an accurate Client Information Record.

All of these requirements are to be met for every single transaction that a realtor is involved with, whether they are representing the clients directly or acting for the other side involved in a private transaction. Realtors are required by law to keep this information on record for a period of five years at their brokerage office. This information is collected only to comply with the federal legislation, and is not to be used in any commercial way or given out to anyone else.

If you are an agent acting on behalf of a broker, the broker has the sole responsibility for everything except suspicious transaction reporting, which is the responsibility of both the agent and the broker. The broker is responsible for keeping any records that were retained for the broker by an employee or independent contractor acting on their behalf. This means that the real estate agent is required to leave all records in relation to the transactions that they conducted while working with that brokerage at the brokerage office. The broker is then responsible for keeping the records for five years, and the real estate agent is not required to keep those records once the relationship with the brokerage has been terminated.  http://rainehorne.blogspot.in/

Ideal house renting to buy a home

 Detecting for home often comes down to two decisions to make. The first decision is to buy a home. The second decision is to rent one. Millions of people struggle with making these decisions each year. While all circumstances are not the same, there are clear differences between buying and renting. Learning why renting homes is better than buying could save you a lot of money this year.

Ideal Home renting

30 years is a long time. A lot of things change and unforeseen circumstances can put excess strain on home ownership. The average mortgage is 30 years and it is a big commitment. Renting a home takes away the pressure of paying for the same home for three decades. If your life changes, you won’t be bound by an agreement that is hard to terminate.

Property management companies typically handle the day to day operations for rental properties. This means more than just a company that collects your rent check. Expert companies provide a range of services that are very helpful to renters. While a homeowner has to handle every detail alone, a property manager controls the details of a property. Things like taxation, maintenance issues, upgrades and other tasks are often handled by managers. This management of these duties can help free up your life.

House Renting Agreements

Rental homes provide a length of occupancy that is right for most people. A period of one to three years is generally the average time frame that someone rents a property. One of the advantages to this rental period is the occupancy agreement. It is common for a monthly rent price to remain consistent during the time period of rental. This can help you budget your expenses for the short or long-term period that you rent a home. Unlike a mortgage that could go up, rental prices generally remain the same.

Among the many advantages of renting homes, one that most people appreciate is the elimination of renovations. Since companies often control rentals, the decisions to upgrade the property are usually based on market values. Real estate generally appreciates in value and many homes benefit from this increase. To keep rental properties like new, property managers generally upgrade the interior and exterior in between rental agreements. This provides renters with a fresh redesign each time a home is rented. A homeowner would have to pay out of pocket expenses for these upgrades http://rhnws.com.au/ 

Rent to own is better than renting

Rent to own is very simple to understand. As the name says, rent to own means that you can rent a house for a specific time period and later purchase the same by making some down payments to the original owner of the house. It is same as the lease option.

There are a specific percentage of the people who reside on rent. They keep paying huge amount of rents from their earnings weekly or monthly to stick to that place. These people either do not have sufficient savings to buy a new house for themselves or their earnings are not enough to allow them save something for future. Many people have no idea about what they can do if they can purchase a house from the landlord after spending a particular time period at his place.

In the lease option or rent to own option, a person can sign a deed with the owner of the house for a specific period of time for paying a particular amount of rent to him and then buy the same from him later. The seller and the prospective buyer should be very much clear about the terms and conditions before entering into the agreement. Both the parties should agree on the sale price and the amount of rent the renter will have to pay to the owner of the property.

The price of the house in case hikes or falls during the contract period the agreed amount will not change. In this, the renter has to pay a specific amount to the owner first know as the option fee which later gets added to the amount he will pay as a down payment of the property. The rent is also a bit higher than the usual rent because a part of it is saved by the owner as a premium which again gets added to the down payment of the house.

The renter in case decides not to buy or say fails to provide sufficient funds at the maturity of the contract then the entire contract will collapse. The initial payments made by the renter to the owner that is the option fee will be kept by the owner and the rest will be returned. Rent to own is very good option for the people who most of the time feel helpless to purchase a property of their own due to lack of sufficient down payment. Looking at both the sides, rent to own makes out to be an easier way to own a house of one’s own as it works like a car lease were chances of risk are less and the mode of buying is more affordable.  http://rhnws.com.au/

Just clearly understand what your buyer need

 Before you show your home to  buyers, you should open the curtains as widely as possible. buyers like to know how much natural light can enter a home. Pull back all curtains, drapes, and lift your blinds. You should even lift those windows up to let some fresh air into the home along with the natural sunlight. Your home’s roofing should be in good shape before you place your residence on the market. Most buyers will not buy a home that has a bad roof. If something needs fixing, offer your buyers a sum of money that covers the repairs if you do not have time to do it yourself.

Always keep cool, calm and collected when dealing with a real estate agent. There will be moments when you will disagree on the best way of selling your home, particularly when they inform you of things that you are not willing to listen to. By following the advice of a qualified real estate agent, you will get a better price for your home and make a sale more quickly. When selling your home, it is very helpful to ask for feedback after an open house. You could either ask   buyers what they think, or have them write down their opinions. Take negative comments for making changes so that your house can sell.

Don’t follow the buyers around the house while they are looking  let them see what they want to see. If you are shuffling around everywhere at your open house, you cannot effectively communicate exactly what your buyers need. You want a buyer to feel relaxed, with the freedom to check things out and form their own opinions. Before putting your home on the market, freshen up the place. Try painting the walls, cleaning the carpet, and getting a cleaning service that can deep clean the entire house. You may have to spend a bit of money to get your house in show-worthy condition, but it will pay off.

When you are prepared to sell your home, be sure that the landscaping is in optimum condition. Having an unkempt lawn will deter buyers. Take into account that selling your home can have some impact on your normal lifestyle. You should expect to receive many phone and email inquiries, and will have to go out of your way to cater to  buyers. If you retain a licensed professional for your real estate needs, you are not subject to this invasion of privacy. Hopefully this article was full of interesting and helpful advice for you. All you need to do now is apply what you have learned to your circumstances. Although there are a lot of things to consider prior to selling real estate, the amount of time spent learning the vital things about it will   http://rhnws.com.au/

Tips should known before buy a home

 Make your home warm and inviting to boost your home’s value and speed up the sale process. The first step to getting buyers to make an offer on your home is to impress them with its appearance so they begin to envision themselves living there. Here are seven tips for making your home look bigger, brighter, and more desirable.

Before you can worry about where to place furniture and which wall hanging should go where, each room in your home must be spotless. It’s harder for buyers to picture themselves in your home when they’re looking at your family photos, collectibles, and knickknacks. Pack up all your personal decorations. However, don’t make spaces like mantles and coffee and end tables barren. When a room is packed with furniture, it looks smaller, which will make buyers think your home is less valuable than it is. Make sure buyers appreciate the size of each room by removing one or two pieces of furniture. If you have an eat-in dining area, using a small table and chair set makes the area seem bigger.

Highlight the flow of your rooms by arranging the furniture to guide buyers from one room to another. In each room, create a focal point on the farthest wall from the doorway and arrange the other pieces of furniture in a triangle around the focal poin. In the bedroom, the bed should be the focal point. In the living room, it may be the fireplace, and your couch and sofa can form the triangle in front of it.

Brush on a fresh coat of warm, neutral-color paint in each room. Ask your real estate agent for help choosing the right shade. Then accessorize. Lay logs in the fireplace, and set your dining room table with dishes and a centerpiece of fresh fruit or flowers. Create other vignettes throughout the home such as a chess game in progress to help buyers envision living there. Replace heavy curtains with sheer ones that let in more light.

Make your bathrooms feel luxurious by adding a new shower curtain, towels, and fancy guest soaps (after you put all your personal toiletry items are out of sight).  If you have pets, clean bedding frequently and spray an odor remover before each showing. Mow your lawn and trim your hedges, and turn on the sprinklers for 30 minutes before showings to make your lawn sparkle. If flowers or plants don’t surround your home’s entrance, add a pot of bright flowers. Top it all off by buying a new doormat and adding a seasonal wreath to your front door.  http://rainehorne.wordpress.com/

Home renovations required large number of improvements

 If you are a real estate agent, you should seriously consider sending out cards during the holidays and on anniversaries you share with your clients. If you call them again, they will know how much help you were when they were buying their home. When you are concluding your greeting, remind them you would love to be referred to friends or family, because referrals are how you earn your living.

You can often find bargain prices on homes requiring a large number of repairs and improvements. It is a good way to save money if you can take your time, and improve your home one thing at a time. Renovations will give you equity with each step, while also allowing you to choose what your home will look like. Make sure you can see the potential of the house rather than focusing on its drawbacks. That outdated, cracked paneling may be disguising your future dream house.

If you are looking to relocate, consider looking into the neighborhood that the house is located in online. You can find out a good deal of information about even the smallest town. Make sure that you can live comfortably in a town by researching the population, unemployment rate and salary ranges. If you are interested in purchasing commercial property that costs a lot, locate an trustworthy investment partner to do business with. It will make it easier to qualify for the loan that you need to buy the property. You may be able to qualify for a loan that you cannot qualify for alone by having a partner.

Consider the long term picture when you are shopping for a new home. You may not have any kids at this point in your life but if you plan to live in the home that you are buying now, you may want to look into the schools in the area to be sure that they will do well for any future children you may have. Should a seller decline your offer on their home, don’t fret, because they do want to sell, and they might be creative enough to manifest an opportunity to make the price affordable to you. They might offer to cover closing costs or necessary repairs prior to you moving in.

A lack of flexibility can be a death sentence when it comes to buying a home. You might not have the financial resources to buy your dream house in your dream neighborhood, but you might have enough to choose one of the two. If you can’t find a perfect house in a certain area, perhaps try a smaller home or a different neighborhood with a better house.Be flexible in your choices. Perhaps you are not in a position to afford the house you really want. If you are unable to find the home you want in the desired area, modify your search in either location or type of home. http://rainehorne.blogspot.in/

Way to reduce stress when buying a home

 All real estate agents need to be in touch with their previous customers on the anniversary of the date they purchased their home, and certainly during the holidays. This will remind people of how helpful you have been to them during their real estate experience. At the end of your message, let them know you work on referrals and would love it if they passed your information on to their friends and family. When considering relocation, look no further than the Internet to find all the pertinent information about the town. You can discover a great deal of information this way. Think about the economy situation in the area prior to purchasing property in a town.

Keep an open mind about what you want. Finding a home with all of the features on your wish list may not be financially possible, but you probably can afford a few things. If you cannot find the particular home in the right area, shop for the type of home in a different area or vice versa. If you want to make a terrific real estate investment, give serious thought to remodeling and repair work. The good thing is that you will get a good profit from your investment when you repair a fixer. Often you will make quite a bit more than the cost of the repairs.

You should have a fund for unexpected costs that present themselves during the buying of property. Buyers generally expect the closing costs will only consist of points paid to the bank, real estate taxes, and obviously the down payment. In many cases though, closing calculations can prove inaccurate because some fees are left out when the calculations are done.

Ask each potential real estate agent how familiar he is with the area you want to live in. For example, ask how long he has lived in the general area you're looking at. Agents who are relatively new to your area won't have the same storehouse of knowledge about the local neighborhoods, roads, or community restrictions that a long-time resident would possess. Preferably, you want to work with a real estate agent that has lived in your target area for a minimum of 10 years.

Don't purchase a house that has a fireplace anywhere other than the living room, unless the climate makes it a necessity. It is difficult to clean more than one fireplace, and most people do not use them as often as they think they will. The information provided to you in this article should have taught you a great deal that you can benefit from when purchasing real estate. Passing helpful and useful information on to others in need is always a good practice; you never know when someone might return the favor and it could be in a moment of great need.  http://www.scoop.it/t/rhnws

Complexities involved in real estate

 If you plan to sell commercial real estate such as an office building, find a real estate agent that specializes in selling commercial real estate. These building types include office buildings, retail businesses, and restaurants, among others. Experienced agents are usually better equipped to connect you with possible buyers and deal with any pitfalls that may occur in the process.

Individuals should hire an attorney to help with paperwork associated with selling their home. He can help people to avoid rookie problems they might face in trying to fill out the paperwork on their own. When you do sell your home, you are going to need to have the landscape in great condition. Seeing a lawn that has not been mowed or a yard that is full of clutter and not taken care of, will make buyers never even enter the house and take a look at it.

When selling a house, clear as many items out of it as you are able to, even if you still live in the home. A potential buyer should be able picture themselves in your home. Cleaning things out will make this easier on them, and on you, as you prepare for your moving day.When you are either buying or selling a house, it is advisable you carefully select a real estate agent who will represent you. To reap maximum profits, opt for an agent who knows the area well and has a good track record of getting homes sold at or near their list price. A widely trusted agent with great credentials can help your transaction go more smoothly and make the process less confusing for you.

Try painting neutral shades in your home so that they can picture themselves living there. Make cookies and light candles. Not only will this make your home smell good, but you can offer the cookies to potential buyers. Smells are closely tied to emotion, and comforting aromas can ease their stress levels and make them more likely to like what they see. Keep your dogs outside or send them to a family member’s house while trying to sell your home. Even small dogs will produce odor; even if you don’t notice it, potential buyers unaccustomed to the smell might. Regular use of carpet fresheners or deodorizers can also help to keep odors at bay. Even better, have your rugs and carpets shampooed prior to prospective buyers visiting the home. A fresh and clean home will make a good impression on potential buyers.

Selling a home can be stressful and difficult. It is even harder in today’s tough economic climate. There are lots of things to think about before and during the selling process. The ideas supplied here, though, should help you focus on the most important things and even reduce some of the stress associated with selling a home. http://rhnws.com.au/

Selling your home is a challenging experience

 In today’s economy, selling your home can be a challenging experience, but it can be even more so if you’re a first time home seller. From deciding what your asking price is to choosing between doing things on your own versus choosing a realtor, first time home sellers are often faced with a lot of difficult choices. If you’re trying to get the most money you can while offering the best deal, regardless of the housing market, here are some tips for first time sellers:

Realistic
Although your home may be priceless to you and your family, the fact is, you’re going to need to place a real-world value on it. You may have spent years accumulating memories in your home, but the truth is, you need to figure out what it’s worth in the current market and then price it accordingly. One of the biggest mistakes that first time sellers make is pricing their homes too high, and once again, in today’s market, that could lead to a home sitting on the market for far too long.

Promotion is the Key
While you may know what an amazing home you have, you can’t expect anyone else to know it unless you promote. Think of trying to sell your home like any other business; you want people to know what a value your sale is, so you need to tell them. You can promote your home sale in a variety of ways, but one of the most popular is by using a realtor.

A quality realtor will have connections within the real estate industry, allowing them to market your home to potential buyers in the most effective and efficient ways. If you choose to sell your home on your own, you will want to take advantage of traditional media, such as newspaper and television ads, as well as new media, such as social networking sites.

Have Your Home Prepared

No matter what avenues you choose to follow when selling your home, you should always be prepared to show it off. This means keeping your home as clean and tidy as possible, but it also means making your home as friendly to outsiders as you can. You should always try to keep personal pictures or sentiments put away when people come to look at your house, as these items may make the potential buyer feel as though they are walking into someone else’s home and not their own.

You will also want to make yourself available to leave on short notice if a potential buyer decides to drop by. Once again, the goal is to give a potential buyer the sense that they will be walking through their own future home, not your current one.  http://rhnws.com.au/

Selling your property with commercial mind

 Amazingly one of the reasons I’ve become successful at selling previously listed homes is being able to identify and make adjustments to what I see. When I first started specializing in expired listings, after being successful on the first five I realized it wasn’t luck, that I had made a discovery. It’s some of these discoveries that I want to share with you.First, be prepared to have a hard nose conversation about the current state of your property. When I consult with clients this is the very first thing we do after walking the home. I have found that other successful Realtors do the same.

 If we aren’t able to have an up front and honest conversation than it probably won’t work for either of us. The ultimate goal is to get to the closing table so you can proceed with the next steps of what you want to accomplish and getting out of a comfort zone will be required. So let’s get started. These aren’t placed in any particular order such as being weighted what should be worked on first because each home is different and what might be an absolute no brainier for one might not even be applicable to the next. As previously mentioned, I also want to stress that no house is perfect, and there are certain things that you just can’t avoid. The theme here is to make what adjustments are possible. This will be both fun and educational.

1. Always be gone during the showing: There is nothing more than a would be buyer dislikes than to have the seller at home during a showing. Not on the back porch, not out in the corner of the yard, completely gone! They want to feel relaxed and be able to speak freely to one another and their Realtor.

2. Always try to accommodate every showing, even when it’s inconvenient for you. Let’s face it, selling is an inconvenience however here’s what you need to know. Anywhere from 30-50% of all showings are requested for the same day. There are a couple of reasons for this. One, either the showings are poorly planned or the buyer truly has a time urgency. It really doesn’t matter and here’s why.

If you put your stake in the ground and say absolutely I must have a 24 hour notice of showings so I can be sure the house is spruced up then you are immediately saying no to nearly 25% of your potential market. Of that 30-50% that want to see the house the same day, only about half will ever reschedule. Let me make another disclaimer, I’ve sold many, many homes to folks that needed to see the house the same day. Remember that buying is an emotional experience justified by logic later. You need to get them in your home while the emotions are running high.  http://rainehorne.blogspot.in/

Study the tricks before buying a home

 When you are in real estate negotiations, be sure to keep your approach moderate. Many times people are too aggressive because they are trying to get the best price, and they end up losing out entirely. Be firm with your wants, but allow your lawyer and Realtor to be present at your negotiations since they have experience with these battles.

Generally, properties that are in need of multiple upgrades or repairs carry a lower price tag. You will save money on the purchase, and you can use that money to repair and upgrade the home as you wish. You are creating the exact home you want, while simultaneously adding value with every project. Focus on what the house could be rather than the poor condition it is in now. It may be that your ideal home lies beneath some ugly wallpaper and dated cabinetry.

Real estate agents who make an effort to remember clients will be rewarded when those clients need to remember a real estate agent. Hearing from you again will remind them how helpful you were during their home buying experience. At the close of your greeting, remind them that you work on a referral basis and would consider it a compliment if they would recommend you to their friends.When you are planning to purchase a large and costly commercial property, look for a reliable investment partner. You will have a better chance of getting the loan that must be secured in order to purchase the piece of real estate. A partner can provide help with credit and a down payment necessary to be qualified for a loan.

Think about the future when shopping for a home. You might not have children right now, but if you are going to stay in this house for a long time and you will one day want kids, you should check out the schools that are in the area and make sure you would want your future kids to go there.When purchasing real estate, it is important to have additional funds set aside because there might be unexpected costs. You can get a good idea of the closing costs if you add the down payment, taxes and what the bank charges. However, there may be additional items such as appraisals, surveys or home association fees.

Use the Internet to your advantage by studying up on your new neighborhood online. Even the smallest towns have information shown for them when you do this. Consider all of the area’s demographics: population, unemployment rate, median salary, the number of households with children and the average age of the residents, before committing to a real estate purchase. rhnws.wordpress.com

Tricks for getting a deal while buying a home

  One of the things smart home shoppers do is to add value to the choices with smart buying strategies. Haggling over a great price can save you a lot of money, but in the long run, it may not be the best way to get a good value. You may save a couple of thousands of dollars on the price of the home, but in the coming years, if you find yourself reinvesting that money into the home, there was really no savings. Instead of haggling over a reduced price for the home, try to get the home sellers to make some of the expected upgrades in the house before you buy it. This not only saves you the investment in the future, it means you will not have to go through the lengthy process of choosing a contractor and living through the repairs.

When buying a new home ask the realtor if the existing appliances are included in the offer. This means the appliances in the home are sold with the home and included in the price of the sale. This saves you a lot of money on expensive appliances at a time when cash may not be readily available. If the appliances in the home you are buying are not that old, your home seller may be willing to leave them behind, especially if they plan to upgrade in their new home. This is especially true if the home seller is moving to a condominium or other living arrangements where those things are supplied.

You can also ask for cosmetic upgrades before making a home purchase. If you notice the carpet is a little worn out or the home needs new flooring upgrades in the bathroom or kitchen, you can require the current owner to make these changes as part of the deal. However, you may not get the look you want in the home, so sometimes it is better to ask for a carpet or flooring allowance. This means as part of the deal, you get cash back during the sale to put toward the improvement. This enables you to make an upgrade immediately that you love, even if you cannot afford it after making the purchase of the home.

An inexpensive way to get some additional value is to ask the current owner if they will leave the window treatments in the home. This is not a huge savings, but if you do not need to buy new curtains for every window in the house, you will save a few hundred dollars, at least. Furthermore, you get window treatments that match the home. The home seller may be more than willing to work out this deal because the old treatments probably will not match the decor of their new home. Finally, speak to the current owner about adding landscaping. Chances are they made some exterior upgrades to boost the curb appeal anyway. http://rainehorne.blogspot.in/

Courses are often taught by real estate professionals

 There are major ways that you can add value to your real estate purchase. A kitchen or bathroom remodel will increase the value of the house, as will an addition in the form of a deck or sunroom. A simple thing like painting the outside and sprucing up the garden, while not adding great value, will definitely increase its value somewhat. By searching for the best prices one can assure that they will be making the most of their money. Homes that have been foreclosed on can be found for attractive prices although more money may needed to be invested in the home. Other homes can be bought for more but may require less money invested.

A terrific tip for prospective home buyers is to do the majority of their house hunting during the months of August and September. No doubt spring and summer months tend to see increased activity in the real estate market. So, waiting until later in the year can pay great dividends! Decreased competition for attractive properties and more motivated sellers who are more receptive to negotiation is a plus.When deciding if you can afford a property, take outdoor maintenance costs into consideration. A house with a small yard and a big patio will require less costly upkeep than one with acreage and lots of greenery. If there are unhealthy trees that need removal, get estimates for the work, and factor the cost into your affordability decisions.

Real estate investing can be lucrative, but also very tricky. To get the best handle on how to do it right, consider taking an educational course. Courses are often taught by real estate professionals, and they can provide you with valuable insider tips. Classes can often be taken in person or virtually, so they will fit everyone’s schedule.

Keep in mind that when you contact the realtor who did the listing to show you a house you might be interested in buying that the realtor may consider himself your realtor. If you go through and put an offer on that house with another realtor, the original one will want to put a claim on you. So always be sure to have your own realtor set up appointments in order to avoid a sticky situation in the future. The first step in looking for that new home is to get pre-approved for your mortgage. It is a big advantage to know the amount you have qualified for before you spend time looking at homes. A pre-approval is based on your actual financial numbers and will help you look at homes that are within your budget. http://www.rhnws.com.au/

Clarify your doubts before buying a home

 The first thing you should ask straight and direct is how much the house is worth. Ask the agent to give you enough comparable by including properties of similar or lower prices that may have been sold recently. Just knowing the price range of the unsold properties is not enough. Do not keep yourself in dark about the various options other than a property under consideration.

The next important thing you must know is how long the property has been on sale. If you are looking for 3 BHK flats, you must ensure that the property has not been pining away for months. The properties that mushroomed over a short span might have many, which are never even heard of in the market. If you are offered such a property, there is risk of it being overpriced or having slow market prospects. In order to avoid negotiating troubles close to finalizing the deal, you should ask beforehand about how firm the seller is on price. Either ask the real estate agent, or directly contact the seller. If the seller seems to be stiff, make offers to more than one agent.

After you get an idea about the bargaining possibilities, get assured about the closing costs. Ask the seller whether he will help you with the closing costs. It will help you avoid over-budgeting.  You can offer to equally share the costs and reach a balanced settlement. Consider the fact that if you are looking for flats, the seller will dodge disclosing any real problems. Asking about problems in the newly built 3 BHK flats might seem out of question. However, owing to the fast-paced market in the city the sellers are in rush to get rid of the property. Therefore, they may fail to disclose any problems. You must ask directly to make an inspection.

There could be cases when sellers have listed their properties in short sales. It means the seller’s bank has allowed them to sell the property for less than the amount of the outstanding mortgage. However, some sellers may simply list short sales without having the consent of their bank. This may cause lapse of the deal. Therefore, if you suspect a property to be priced lower, ask the seller about his bank’s consent for the short sale.

These are a few important questions, which might save you from buying an over-priced or unsuitable property. Do not hesitate to ask a lot of questions. It won’t make a genuine professional uncomfortable. In fact, he or she would be more than willing to explain everything in detail because the likelihood of closing the deal is higher if you get all the information you need.  http://www.scoop.it/t/rhnws