Thursday 31 March 2016

Real estate for sale- If you are buying land then you should have a brief chat with the owner

21st century is the age of machines and concrete jungles. Wherever we look we find high rise buildings and other sky scraping constructions. The long arm of civilization and modernization has spread its tentacles in villages and countryside also; you can?t find that much greenery what you used to see in your childhood. The story in the cities is unpardonable. More and more people are migrating to the cities in search of jobs and better career opportunities. The picture is very much grim in cities and large metros considering the ecological factor. In cities like New York, Chicago, LA, San Francisco, etc and also in the big cities of Asian countries peoples are moving in and out like viruses and highly populated rather over populated, the biggest challenge is the accommodation. Every one of us needs a home to stay, land to build home, to have our very own shelter.

Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. It is Property consisting of houses and land.

So if we want to buy or sale any property like house or land then we have to look for the real estate for sale. Now the information about these real estate for sale can be gathered from various sources like:

Newspapers
Yellow pages
Real Estate agents
Posters and pamphlets
Advertisement on radio and television

Real estate for sale is not only for people who are looking to buy property but also who want to sell. News papers like National or Regional daily, yellow pages carry out separate section containing information about real estate for sale. The most common way of receiving information about the real estate is through the real estate agents. These agents will charge a certain amount and they will provide you with all the necessary information about the property, the nature of property, its history, its dimension, and the price. Real estate agents have become very much popular in large cities and metros and they have to constantly in touch of any property to be sold, thus they are bridging a gap between the buyers and the sellers. Advertisements through radio and television can also be given for real estate sale. Even posters and pamphlets can be given in busy and crowded places about the real estate property for sale. Real estate for sale is one of the huge money spinners now as all the big cities around the world are crowded by skyscrapers. Real estate can be a very good career option if someone wants to make good amount of money.
If you are a seller of a real estate property then you must take care of certain things:

1. To get your advertisement done in a popular regional daily with proper location and price of the property.
2. To contact the real estate agents and to fix their charge.
3. To high light on the plus points of your property like near to railway station or police station etc.
4. Take good care that your prospective buyers are not misguided by the real estate agents for their mere profit.
5. To mention the personal telephone number in the advertisement so that the customers can contact you directly rather than misguided by others.

If you belong to the other side of the coin that is buyer and once you have identified a suitable apartment or land and ready to buy just make sure you have all these points checked:

Survey or inspection of the property:

 It is always advisable to get the apartment or land you intend to purchase physically measured and/or surveyed to check up the correctness of the measurement. After completion of the same and while you are considering the different options available, you must find out from the layout plan how much effective usable are you are getting. You should determine the cost per sq ft of the usable area.

Consider the Maintenance charges/ Municipal taxes: 

While considering alternative propositions, one should take into account the maintenance aspect of the property. An old apartment is costlier to maintain than a new one due to its repairing activities. While considering maintenance in the multi storied building, one should also consider the number of services and quality of services being offered. A building, which provides many services might have a high maintenance cost, and considering the quality/number of services offered, it may be advisable to choose an apartment in such a complex/building, but again if that complex has a large number of apartments, then you pay less even for this variety of services.

Consider the aspect of expenses before finalization:

 If you are a budget buyer, you must take into consideration all other costs, recurring expenses and deposits like lawyer?s fees, stamp duty, finishing costs, costs for doing the interiors, moving costs, etc, before finalizing the deal. Deposits against maintenance, electric connections, generator and other capitation fees should also be considered.

Talk to the existing residents of the building/land owner: 

If you are buying land then you should have a brief chat with the owner of the land and neighbors about the nature of the land whether low lying or does it have any legal dispute. If you are buying apartment then enquire about the quality of life in the apartment as well as day to day problems from the existing residents. Try to find why the captioned apartment for sale is.

Choosing a Housing finance company: 

If you have any monetary problem you can always take loan from the banks. Remember when you take a home loan or loan for buying the land, you are entering into a long term relationship. Choose a flexible home loan with easy installments plan.
After all at the end it?s your apartment or land that you are buying so it is always better to have a clear first hand knowledge about it. Home is the place where all our dreams reside so that?s why we call it ?Home Sweet Home?.