Tips for Real Estate Investors

Investment in Real Estate is one big opportunity for an individual who is looking at the bigger financial future and long term returns. It is one decision, if taken wisely has the capacity to multiply your wealth and I feel that good investment tips can be very helpful in making that right decision. Not only does it increases your chances of success in any Real Estate investment that you make, but also helps you to divert your valuable time and money in the right direction.

Real Estate as a matter of fact requires a lot of patience as it will surely get you rich but like any other business it might not give you immediate returns. It is one of the biggest business opportunities for an individual and it can open up multiple avenues for making more money if one makes a smart decision. But for that, one has to analyze and understand all the possibilities and risks involved in the business and more importantly, he/she has to be prepared to take that kind of risk. We always want to add Read Estate to the investments that we are making but first and foremost you need to plan the financial part of this investment very wisely. It may require a lot of initial funding and a regular cash inflow to protect yourself from getting stuck at a later stage. It is just about that risk taking appetite and a strategic planning that can make you multiply your investment.

One thing that I have learnt from my personal experience in Real Estate is that in order to achieve what you expect, you need to have a long –term vision and do things in a very organized manner. It is a very complicated business venture and to be effective in this field a lot of in depth knowledge and a good market research is required to make best from this opportunity.

Looking at all the pros and cons of the business, a good Realtor can be of a great help in terms of giving an expert advice and getting the right things done for you. It will not only save your time and money but will also make your investment worth it. Just for an example, we at RE/MAX train all our Associates on all the aspects starting from the basic documentation to the legal aspects a Real Estate transaction. The experience and the knowledge that a trained realtor carries makes the transaction a soothing experience for the investor.

Real Estate is a game of networking. The more you network, the more opportunities you create for yourself in the market. A smart investor will always be well aware of the best and the worst investments available in the market and this learning comes with experience.  I feel that a network that can connect you to not only national but international Real Estate markets would be an added advantage that can make an investor go global instead of just being local.

In a nutshell, I feel that first of all an investor should identify his investment horizon, whether he wants to invest for a short- term or long- term and the kind of Real Estate they would like to invest in. A comparative analysis of the market trend/rates versus the opportunities available can help them figure out what will bring the best ROI. Last but not the least, before anything one should understand the plans of the government for that particular market as that is one of the most crucial factors to decide the success of the investment.

Real Estate as a business itself has multiple angles and there is always a right and the wrong way of doing this business. As beginners, everybody makes a lot’s of mistakes as first of all we are sometimes not clear of what we are getting into and secondly we sometimes avoid following the systems. As soon as we invest our money somewhere, it’s a general human tendency that we start thinking that when will we get rich. Real Estate is very appealing but it demands a lot investment in terms of time to take the right decision at the right time. For beginners, a good mentor can help you with an expertise that can save you from a lot of traps into which investors often tend to fall.

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RE/MAX Brings You Closer towards top Realtors in India

RE/MAX India has been making every effort to bring structure into India’s neonate real estate sector. In lieu of the same, our company has taken up a number of measures to promote real estate brokerage as an entrepreneurial opportunity among youngsters. Currently, RE/MAX is present in over 35 cities across India and has also setup over 100 offices in the nation. Besides, our company has also brought investors and aspiring real estate agents close to the crème de la crème realtors in India.

Keeping the above pointers in mind, we have set up a number of real estate portals for the benefit of real estate agents and investors. Moreover, we also have Real Estate Brokerage Training Academy for aspiring agents; we have also earned lots of accolades for our consistent performance in the Asia-Pacific region. Basically our aim is to position RE/MAX India as the market leader in India’s real estate sector and present it as a trustworthy brand.

Lastly, the company’s established brand name and image has led to extensive national advertising on hundreds of real estate websites, and worldwide sponsorships; so the collective power of marketing by thousands of Affiliates has converted us into one of the highly respected and best-known names in the world. Additionally, many entrepreneur magazines have ranked RE/MAX as the real estate industry’s best franchise. So at RE/MAX, you will for sure find an extensive list of top Indian realtors; no wonder buyers and sellers flock to RE/MAX.

Why Are Realtors Aiming at Real Estate as a Top Franchise Business in India?

Why Are Realtors Aiming at Real Estate as a Top Franchise Business in India?

Real estate companies in India have currently been offering a wide variety of real estate business franchises to run. No wonder realtors are flocking to real estate as a top franchise business. After all this is the only form of enterprise that guarantees great returns on investment or ROI. Some of the best real estate business houses are the best franchises to help in the actual growth and development of the real estate sphere in India.

 

Here are a few reasons why realtors have been aiming at some of the top real estate companies as a top franchise business in India:

  • Most of these companies do not incur any royalty or advertising fees upon the owner of the brand in a certain area.
  • Some companies also have awesome infrastructure and well protected office territories.
  • They have ready to use and complete business building technologies that are apt solutions for business houses.
  • These real estate giants also offer new and relevant training to all the agents who will become future employees at the franchise centre; these might even include trainings for agents and managers.
  • By associating with an established brand one also gets to reap the benefits of positive customer feedback due to good customer satisfaction records in the past.
  • This business front is a great way to partner with the niche real estate companies in India. Such type of unspoilt business avenues is not present in any other business sector in India.
  • Agents and realtors get to set up innovative and large to small footprint office spaces that are apt places to conduct meetings with clients.
  • Most important of all, this is a rapidly expanding, 100% commission based model. So the client and realtor as well as the real estate company get to reap the benefits out of such an alliance.

The best part is that Indian realtors and beginners, who want to set up an office of their own instead of working under a property owner’s office, involve with renowned real estate brands. Such brands guarantee a highly productive network of dedicated personnel and immediate aid in case of necessities. One such real estate biggie is Remax.in; the company is nearly 90,000 agents strong and has over 6,300 offices spread over 90 countries. In India alone the company is present in 40+ Cities with more than 400 affiliates; all of this is occurring in over a 100 offices.

An association with established real estate companies by realtors who aim at real estate as a top franchise business in India today entitles to also win over a number of business front related advantages. First of all, they award several types if regional and broker office franchises. Some brands also recruit full-time, top-performing real estate agents and train them for superior performance. Besides through such associations, a realtor also joins a group of top-performing real estate agents within the recruiting business. So ultimately the realtor is at the gainer’s end. He or she not only becomes self-employed but also enjoys an accelerated career growth in the real estate business. 

Things to consider while establishing a Real Estate Business in India

Indian real estate industry has seen exponential growth over the last few years. It has covered a considerable distance and come a long way in becoming the second-largest employment-generating segment in India after agriculture. Traditionally an unorganized sector, it has slowly evolved into an organized one and is fast becoming a recipient of foreign investments; for, real estate business is witnessing a level of saturation in many developed nations and as a result, many global giants are looking for opportunities in developing countries such as India.

Because of its growing popularity, real estate practitioners are using their entrepreneurial zeal towards establishing their own brokerage firms. So, in order to work towards establishing a successful career, it’s essential to start with extensive research, expert planning and constant follow-up. Here are some useful tips to take note of.

Choosing the right business – One can start by owning an independent business but many choose to join a real estate franchise first in order to get the desired training and experience required to run a stand-alone business venture. Besides, working with an established brand name would only help establish more credibility with potential clients.
 
Creating a sound business plan – A business plan must list out the objectives and financial calculations in clear terms to avoid error of judgment later. An exceptional business proposal will also positively affect in getting decent funding from financial institutions.
 
Finding a suitable location – Locating strategic neighborhoods to open real estate business is a smart decision. It’s essential to know the markets that one wishes to cater to and accordingly select a suitable place which has an ease of accessibility for clients.
 
Funding the business – It is imperative to work out the capital at the very onset of developing a business plan. Any aspiring real estate entrepreneur will have to figure out whether he/she has enough financial resources at hand or will more funds be required. Banks definitely can be approached for loans, but the source of trusted family and friends should also be explored.
 
Designing a real estate website – Setting up of a professional real estate website is a key step in attracting clients. Not only will it help market your service/brand, but will also help attract more and more realty shoppers as their search often begins online.
 
Advertising – There are many advertising channels to choose from – newspapers, real estate publications, television, radio, and social mediums. This aids in providing good publicity to a business. In addition, services of a search-engine optimization company can also be used to boost the visibility of a real estate website on search engines.
 

In India, there are a few challenges that the real estate industry faces such as unclear land titles, low presence of industry status, insufficiency of sources of finance, dearth of labor, and difficult procedural processes, to name a few. In spite of this, the industry is warming up to professional standards and functional transparency of systems. As stated earlier, India’s real estate industry is growing at a practically high pace. Therefore, investors wanting to invest in India will benefit from higher returns as compared to any other global market. With this, the real estate industry will soon mature into a well-managed segment and entrepreneurial opportunities will only get bigger and better.

A Plan for New Agents to Begin Their Real Estate Business

A new real estate agent needs to identify all important factors concerning the new business. Besides he or she needs to enjoy the job with integrity. Here are a few tips to start such a business.

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A new real estate agent needs to identify all important factors concerning the new business. Besides he or she needs to enjoy the job with integrity. After all a person who likes to sell real estate may also enjoy possessing one! So instead of working with some other agent and sharing commission, one can own their individual real estate company.

As an owner one needs to take charge of all supervisory duties. To top it all there must be sufficient finances to run a fully-fledged office. Keeping the above factors in mind, here is a thorough plan on how to start a real estate business.

  • It is important that a budding real estate agent has sufficient funds; for this the person can save up money that can cover all start-up costs. This spans across renting or buying an office space, office equipment, specific logo design, an catchy office sign board, numerous yard signs, good website design costs and last but not the least money for insurance.

If possible money needs to be set aside for covering all operating expenses. This is to ensure that for at least 6 months the office functions without any hurdles. This fund should cover all rents, advertising costs, dues, utility expenses, online fees and other miscellaneous expenses.

  • Get property dealing license as soon as possible; only then one can do property dealing in India. All terms, conditions and requirements for this license varies from region to region. The basic fee for property dealer license in Haryana is Rs.25, 000 and for companies the fee is Rs.50, 000. (In Haryana an agent without a proper license gets fined up to Rs.50, 000; companies are fined up to Rs.1 lakh.)
  • One needs to register their business name with the Registrar of Companies (ROC). A list of six names can be submitted and then it is time to register with Registrar of companies. This is for getting the certificate of incorporation and register for Value Added Tax (VAT) through the Sales Tax Officer.
  • Next is to choose for a site or location where the office will be set up. It should have ample parking for agents and clients. Then associate with local board of realtors as it is good to join as many housing boards as possible. Some examples are the Orissa State Housing Board, Madhya Pradesh Housing Board and Karnataka Housing Board. Also join the local Chamber of Commerce by submitting an application form and a fee of Rs.500.
  • If possible, outsource the website building task to a professional web designer. The aim is to set up a professional-looking website. This is because maximum home owners these days start with an online search. On the site list down all properties that are to be sold in India. Actually it is a great way to market the new real estate business.

Hopefully the above steps will help a brand new real estate agent to start a fully functional company in India. It is just that he or she needs to follow all the above steps carefully.

Looking to buy an apartment in India?

Purchasing apartments can be a daunting task for even the most experienced real estate buyer. But the property market in India can be especially tricky. Here is a guide to help you.

Flipping real estate is all the rage now, with the housing market back on the rise and reports of home prices going up across the board. This is the case not only in the United States, the root cause of the subprime mortgage crisis that caused a global recession, but in countries abroad like India as well. Increasingly, smart buyers are looking to purchase real estate in India as a means of making a sound investment in the future. Not only will these apartments be used by families for years and years to come, but in helping these families find a home you will also be able to make a significant profit for yourself.

But where is one to start looking, especially if one is unfamiliar with current trends in real estate? The newspaper sections on apartments for sale are not always the most helpful, even though at one time not too long ago this was the go to resource for people looking to buy real estate. With the internet, now anyone can look to buy property in literally any country, no matter where they are. So, this article will focus on techniques for searching online for apartments for sale in India, with a particular emphasis on property in Mumbai. Remember that any expertise you may have in buying real estate in other countries will not be of particular use in India. The market there moves much more rapidly than elsewhere, and it can be overwhelming to people who are not used to its pace.

The first thing you should decide on is the neighborhood you would like to purchase your property in. Narrowing your search down geographically in this way can significantly simplify the process of looking to buying an apartment in India. The first place many people look, and one of the most popular neighborhoods today in Mumbai is known as Colaba and Nariman Point. At the southern most location in Mumbai, this area of the city is also one of the oldest, with many buildings from the colonial era of Mumbai’s history. This means that there always plenty of tourists in this area, which brings not only an influx of cash but also an influx of crime. These are important considerations to keep in mind. It is this neighborhood where you can find the Taj Mahal Hotel and the Gateway of India, two of the most iconic landmarks in the city.

At the other end of the city is North Mumbai, which is close to Bandra. This is mainly a commuter area of the city, where many Indians go to work daily. This can make owning an apartment in the area somewhat tricky because of the frequent transit problems that come along with so many people moving through so often. There is plenty to do here, however.

Things to consider while establishing a Real Estate Business in India

Indian real estate industry has seen exponential growth over the last few years. It has covered a considerable distance and come a long way in becoming the second-largest employment-generating segment in India after agriculture. Traditionally an unorganized sector, it has slowly evolved into an organized one and is fast becoming a recipient of foreign investments; for, real estate business is witnessing a level of saturation in many developed nations and as a result, many global giants are looking for opportunities in developing countries such as India.

Because of its growing popularity, real estate practitioners are using their entrepreneurial zeal towards establishing their own brokerage firms. So, in order to work towards establishing a successful career, it’s essential to start with extensive research, expert planning and constant follow-up. Here are some useful tips to take note of.

  1. Choosing the right business – One can start by owning an independent business but many choose to join a real estate franchise first in order to get the desired training and experience required to run a stand-alone business venture. Besides, working with an established brand name would only help establish more credibility with potential clients.
  1. Creating a sound business plan – A business plan must list out the objectives and financial calculations in clear terms to avoid error of judgment later. An exceptional business proposal will also positively affect in getting decent funding from financial institutions. 
  1. Finding a suitable location – Locating strategic neighbourhoods to open real estate business is a smart decision. It’s essential to know the markets that one wishes to cater to and accordingly select a suitable place which has an ease of accessibility for clients.
  1. Funding the business – It is imperative to work out the capital at the very onset of developing a business plan. Any aspiring real estate entrepreneur will have to figure out whether he/she has enough financial resources at hand or will more funds be required. Banks definitely can be approached for loans, but the source of trusted family and friends should also be explored.
  1. Designing a real estate website – Setting up of a professional real estate website is a key step in attracting clients. Not only will it help market your service/brand, but will also help attract more and more realty shoppers as their search often begins online.
  1. Advertising – There are many advertising channels to choose from – newspapers, real estate publications, television, radio, and social mediums. This aids in providing good publicity to a business. In addition, services of a search-engine optimization company can also be used to boost the visibility of a real estate website on search engines.

In India, there are a few challenges that the real estate industry faces such as unclear land titles, low presence of industry status, insufficiency of sources of finance, dearth of labour, and difficult procedural processes, to name a few. In spite of this, the industry is warming up to professional standards and functional transparency of systems. As stated earlier, India’s real estate industry is growing at a practically high pace. Therefore, investors wanting to invest in India will benefit from higher returns as compared to any other global market. With this, the real estate industry will soon mature into a well-managed segment and entrepreneurial opportunities will only get bigger and better.

Tips for Buying Property in India

With swift infrastructure development and growing residential complexes, properties in India are selling like hotcakes. Check out our tips for buying property in this country. 

Whether you are thinking of buying a commercial or a residential property in India, make sure that you follow a few of these tips to get the best rates and services-

Planning and research

Consider this- Do you want a property for long term basis? Do you wish to rent it or sell it after a few months or years? Before you go ahead and invest, make sure that you answer to these questions. Take in consideration the reason for your purchase and the kind of area you would want for the property. Locations, including metropolitan cities, suburban areas can be great for residential properties, while commercial property in Gurgaon, Faridabad, Gandhinagar, Greater Mumbai and Pune are selling like hotcakes.

Search a Franchise

Having a costly property dealer won’t do you any benefit, particularly because they have a limited range of options to choose from. This is where searching a franchise on internet can be helpful. Check out franchises that have a vast range of cities and locations included in their search list. Choose a real estate company that deals with both commercial and residential properties. This will help you select between wider options.

Affordability

What may appear affordable to you might be costly for others and vice-versa. Therefore, before you go ahead and think about buying a property in India, make sure that you have a clear idea about your affordability. Market status of the property should also be taken into consideration. So, decide beforehand about whether you want a new construction, used, re-built or coming soon property.

Check legal documents

On a number of occasions, real estate companies can make you a fool by offering things that they don’t have. So, make sure that you check all legal documents from the seller. If you can’t do that, pay a lawyer to help you. Check whether the building is registered and its layout is approved by the government. Also, in case of a second hand or used property, check that there aren’t any outstanding liabilities or mortgage on the property,

House Inspection

Never ever buy a commercial or residential property without inspecting it on your own. Don’t hurry to make the payment, rather visit the site at least two times so that you don’t miss out any underlying issues. Make sure that the facilities like electricity, water, parking, location and safety are all taken care of.

Get an apartment

If you want a residential property in metropolitan cities like Gurgaon, prefer for an apartment. It not just guarantees you safety, but also ensures that you have a choice between single, double or three and even four bedroom homes. This way if you like a particular building, you can choose it and customize it in accordance to your requirements. Plus, issues like electricity and water woes are less prevalent in apartment culture.

Follow these tips and you can also have a property of your dreams. 

RE/MAX India Broker Owner’s at Panel Discussion in Goa at RRR4 hosted by Puneet Verma, VP – Network Acquisition, RE/MAX India.

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