Is Your House an Asset or a Liability?

I was asked, awhile ago, whether a house is an asset or a liability. This might seem like an odd question. Of course your home is an asset, right? Well, that all depends on who you ask and what your definition of an asset or liability is.

We often hear phrases like, “A house is typically your most expensive asset in life.” Of course, these people mean that out of everything you buy in your life, your house is more than likely the most expensive. So, sure, a home (or condo) is an expense. Your mortgage is an expense. But an expense can be an asset, as we discussed in the related post: Is Your Car an Asset or a Liability?

If you had to make a guess, what would you say the definition of an asset is in the business world? Well, let’s step back for a minute. What is the number one goal of any business? It’s to make money. If they didn’t make money, then there would be no business, which makes it pretty apparent that it’s the top goal out of everything else.

If you walked up to your neighbor and asked them if their house is an asset or not, they would look at you funny and say, “Of course it’s an asset –.” It’s true. If you had the option to rent an apartment or buy a house, it is probably wiser to buy the house. Sure, you’ll have to make improvements once in a while, but typically your house will gain value through the years and may even earn you more than the rate of inflation. This is why for most people a house is most definitely considered an asset.

Why are those machines considered to be an asset to the business? Well, they are an asset because they are directly helping the company make money, which is their number one goal. Without them, the company would be sunk. So, let’s step back in again. What is the definition of an asset in the business world? It’s any tangible object within the company that has value and that helps the company make money.

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India's real estate market: Time for the bubble to burst?

It is a frequent motto used to emphasize the importance that a location has on the value of a real estate property. The heart of the message is clear -- if you pick the right spot to invest your property in, you can be rewarded with a handsome return on investment.

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The Indian economy is in an interesting stage right now. On one end of the spectrum, signs are pointing towards an economic surge. The Sen-sex hit an all-time high a week ago, the RBI seems to be making all the right moves to curb inflation and bring stability to the rupee and analysts can be frequently heard commentating that finally it's a "trading market". This means the economy is picking up, the share market is ripe for investments and therefore investors and traders can take advantage of the opportunities being presented to earn profits.

So all in all, real estate prices or sales are a great indicator of a country's economy.

The RBI has been consistently raising the  rate, which is the rate that banks are charged to borrow from the RBI- in recent months. These past few days, major banks such as State Bank of India and HDFC Bank raised the rates to obtain loans to purchase houses, and the trend is unlikely to stop as the RBI is expected to continue raising rates to fight inflation.

This all translates to bad news for the real estate market. Home-owners will have a more difficult time obtaining loans to purchase houses. Already, cities such as Mumbai are facing a downturn in the real estate market, despite the mass public perhaps not being aware about it. 

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Positive trends in the real estate market of Delhi NCR

After the downwards in the year 2009 that had spelt doom for the economy, though for a brief whereas however the costs of property in Delhi NCR are on an upward spiral and also the realty sector is currently witnessing a boom harking back to the pre-recession days.

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Demand for both residential as well as commercial property in Delhi NCR continues to stay increase and recovery has been higher than different major cities within the India like Hyderabad, Kolkatta and Bangalore. Many residential as well as commercial properties that have been launched in the suburbs in the last few months are a pointer to this fact. Nature of investors in the Delhi NCR real estate market has a lot to do with its growth story. An increase in the rate of real estate property in Delhi NCR has perhaps not been as steep as in other cities.

There has been a large growth within the producing and also the service sectors within the town. Delhi NCR has become a favorite destination for the new-age Information Technology sector, previous producing center on the outskirts of town are finding a brand new takers. Most of the house consumers in these areas are from the operating category. They need the means that and shopping for residential property in DelhiNCR provides them proximity to their workplaces.

The price rise of the both residential properties as well as commercial property in Delhi NCR is being ascribed to the increased price of land. The recent hike in the guidelines of the value has only added to the cost. The increase within the value of construction may be indicative of some quite artificial shortage within the steel and cement trade, a town primarily based Structural Designer feels that the worth hike may be a result of increased construction activities. As these days such a lot of construction is occurring and even with the upper costs folks are shopping for the propertyin Delhi NCR, because it is well-known incontrovertible fact that the Delhi NCR realty is predominantly an end-user’s market giving the realty scene within the town some stability. People are shopping for in spite of high costs as a result of they understand that if they don’t decide currently, the costs can increase even any.

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Real Estate and The Internet

We continue to find additional and more ways that our lives and also the things we do have been shaped by the internet age.  More and additional of our daily living is dictated by the things that we can and can’t do online. It accustomed to be that a corporation or business didn’t would like an internet site, however these days that would not be away from the reality. The internet And its growth has turned many industries on their heads, including the world of real estate.

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It used to be that if you were interested in a home, you visited to a real estate agent who showed you photos of what is available or you simply drove around town looking at for sale signs.  Today, however, you'll take virtual tours of homes on-line, realize a house agent and even qualify for a loan will not exploit the reach of your own residence. It is hard to believe that some believed that the internet would have a negative effect on the world of real estate, when in actuality, nothing has been further from the truth.

The web has changed the reale state in numerous ways, beginning with awareness. This is especially important to the agents themselves who are able to reach a much larger market with online tours and open houses.

The internet and its growth have additionally helped land agents target their services toward bound patronage. Agents will currently produce a distinct segment within the business and advertise themselves intrinsically. With the web, it's bog down on having to cold decision or use junk to achieve these same potential purchasers.

The education of the potential home buyers has also been greatly increased by the internet.  Today it is possible to learn about comps in the region, what other homes are going for and the entire process of buying a house without leaving home.  While there is still a need for real estate agents, the internet can supplement a lot of the information buyers had to get from an agent in years past.

The most successful real estate agents will take full advantage of all the internet has to offer and strive to get their site at the top of search engine results.  If a site is well maintained and offers consumers a good look at what is available, the real estate agent’s chances of making a sale are much higher than if a website is ignored.

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Issues with buying a bank owned home

Buying a bank owned home can be a great way to get your dream home at a much reduced price. And in the current economic setting there are plenty of deals in REO (real estate owned) property, to be sure. However, the reduced costs do come with a few extra issues that potential buyers must be aware of. Namely, doing a property title search to seek out past-due taxes and different lines, totally inspecting the property before getting, and learning the way to negotiate with banks for a higher deal. This text can assist you address a number of these concerns:

Property taxes and other liens

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Foreclosures and REO's are notorious for having liens. Liens are claims placed on the property for outstanding debts. If you purchase a real estate property, you're also buying any and all liens that may be outstanding. All liens should be recorded in the public records and will should show on a thorough title search. It goes without saying that a thorough title search must be performed on all REO/bank owned properties before purchasing.

Getting a better deal

Banks aren’t within the business of owning homes. They want to get rid of their foreclosures as quickly and effectively as they possibly can. So, by definition, you are managing a reasonably impelled vendor once getting a bank in hand home.

This doesn't mean they'll take "anything" for the property, and they do know what it's worth, but there is often some wiggle-room to be gained in your offer. Don't be afraid to place an offer quite a bit below the asking price, you may be surprised to find your offer accepted. 

The property's condition

Many foreclosed properties are in poor condition. With the previous homeowner losing their home, there's a good chance they didn't care about, or could not afford, to maintain the home state. Additionally, the bank isn't in the business of making repairs and maintenance on their properties, so it is easy to see why this could be the case. A very thorough inspection of the real estate property is imperative with any home purchase, but much more so on real estate properties that are in foreclosure or owned by a bank. 

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Local real estate – A value for money

Do you have some extra money? Are you looking out to invest that money, so that you will get some great returns? Then real estate is the best option for investment of your money. Meanwhile, in present times, a recession has hit the market in a very bad way. The recession has created problems for the economy especially in the real estate property in India. It was the hardest hit in terms of investment real estate properties. The importance of homes and other types of properties fell drastically. Real estate has always been considered as the most stable investments one can make. Realestate properties are real value for money if maintained properly. You can mint a lot of money in terms of returns. Real estate is a best option for  investment as it develops discipline among investors and is not easily likeable. Moreover, if you do a proper real estate investor then you can be assured to get a stable monthly income. Therefore, real estate investment strategies are effective for many.

Most of the time an investment in regional real estate is highly helpful. As you are aware of a locality, finding a new construction becomes easier. You can also select the best area to stay if you have regional connections. It also becomes easier for someone to be in touch with a real estate dealer. Investing locally provides you an opportunity to understand the fine nuances of your community and especially city. Local property investments can really work wonders.

Buying a new home can be a good deal if you are going for proper real estate investments. The foremost issue that you need to take care of is finding out the value of a house in your local real estate market before starting to buy up your new home. A financial service provider provides its service on the idea of the way you are buying up the home and also the resale value of your new real estate property. The housing market keeps changing dramatically and a thorough research will do all the needful to answer all your questions.

In order to try and do home sales or purchases, a real estateagent can help you search the best as per your budget. Look out for various websites and find experts who'll be helping you with buying or selling a real estateproperty in India as well as worldwide. Before buying a new home, get in touch with a real estate expert as he has the required information and knowledge along with experience in the related field.

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Real Estate Development in Delhi NCR

Delhi NCR is known as the IT hub of India, is measured the centre for real estate transactions in India. With the increasing range of tourists and students, the real estate in Delhi has become more desirable for properties in India. Real Estate Development in Delhi NCR can see in numerous fields including flats, plots, houses, agricultural land, industrial lands and residential plots. 

NCR - A development spree

The prices of the real estate in Delhi NCR rely upon the varied factors like the location of the project, accessibility, etc. However, tourists look out for best accommodation that's set in proximity to the monuments, etc. whereas business entrepreneurs rummage around for an area that has easy accessibility. Malls and plazas are also a point of Real Estate Development in Delhi NCR. The online Delhi real estate directories are the most effective way to get an appropriate property at cheap rate. These online directories assist you find a real estate property according to your desirable location, furnishing and many more information about their kind and facilitate in selecting the most effective deal that suits the style and also the budget of the client.

The foreign investment also plays vital role for the Real Estate Development in Delhi NCR. Successful multinational of the capital makes a success story for others to follow. The demands of residential and commercial property are rising quickly. The explosion of population and high salary packages of folks raises the demand of residential property. Real Estate developers of NCR are launching their best than best residential and commercial project in the city and they are getting more demand for their project. The price of property in the area never sees a downfall because of best neighborhood, well-developed infrastructure, historical significance of the location etc. Owning a real estate property in Delhi NCR marks a higher status of life.      

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