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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Real Estate Investment Properties

Many new investors are already inherently comfortable with real estate investing, even if they need a few pointers on how to invest in real estate. In fact, whether or not you've owned a stock or bond in your entire life, the chances are good that you simply get real estate investing. After all, at some point in your life, it is likely that you or someone you know has rented a house or apartment.

In real estate investing, there is no mysterious "Wall Street" to consider, only two parties: A landlord who owns a building and a tenant who wants to rent that building. For the right to use the property, the tenant is willing to pay cash to the landlord. As long as the hot water works and the rent arrives on time, both people are happy.

As a new investor, it is natural that you would consider real estate investing as one of your first choices. The opportunities are much more plentiful than simply buying a house, upgrading the kitchen cabinets and finding a tenant.

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Before We Talk About Real Estate Investment Trust India

Before we dive into the different types of real estate investments that may be available to you, I need to take a moment to explain that you should never buy investment real estate directly in your own name. If someone hurts themselves and sues you, you are on the hook for anything above and beyond the insurance settlement. This could lead to personal bankruptcy or at the very least, significant financial hardship.

There are several ways investors can earn passive income from real estate investments:

Residential real estate investments are properties such as houses, apartment buildings, townhouses, and vacation houses where a person or family pays you to live in the property. The length of their stay is based upon the rental agreement, or lease agreement.

Commercial real estate investments consist mostly of office buildings. If you were to take some of your savings and construct a small building with individual offices, you could lease them out to companies and small business owners, who would pay you, rent to use the property.

Likewise, buying a piece of real estate or a building and then leasing it back to a tenant, such as a restaurant, is more akin to fixed income investing rather than a true real estate investment. You are essentially financing a property, although this somewhat straddles the fence of the two because you will eventually get the property back and presumably the appreciation belongs to you.

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Essential tips on buying property

Buying a real estate property in India is the biggest financial commitment of our lives. With inventory diminishing daily and multiple offers being extremely common, it is of great importance that you position yourself to have the “Best Chance” to get your offer accepted. You enhance your chance of buying the real estate property in India of your choice by doing the following.

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Get pre-approved for the purchase. This takes very little time and is of great value. At this time, identify the price range for which you qualify and which fits your lifestyle for fountain hills real estate. Submit a strong competitive offer. Submit the offer as if there will be multiple offers. Include substantial earnest money deposit. Acceptance of an offer is sometimes determined by the amount of the deposit. A larger amount may signify a bigger commitment to the seller.

When buying a real estate property it is a must that a buyer and agent must have instant communication access. Maintain instant access to each other via office phone, voice mail, fax, pager or cellular phone.

Whether you are buying property for investment or to live in extreme care should be exercised to ensure your purchasing experience is stress free and risk free. These few buying tips will make you aware of some of the pitfalls and ways to avoid them.

Think about why you are purchasing the property. If you intend to live in the property does it really suit your needs? If you have young children or elderly people living with you, you might wish to avoid stairs and prefer a level block. Do you intend to install a pool in the future? Is the garden too big or too small? Will you need more bedrooms in the future? Be sure to have reports for building inspection and pest inspection prior to committing to the purchase.

Deciding how much to offer can be difficult. You might wish to make your best offer up front or start with a lower offer and be prepared to negotiate up. However, purchasers who make higher offers might secure the property without giving you the opportunity to increase yours. If you wish to avoid someone else purchasing the property you have decided to buy, be prepared to exchange the contract with a cooling off period.

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Information About Real Estate Development in Gurgaon, Noida, Delhi, NCR

Popularly known as the IT hub of India, Delhi is considered the center for real estate transactions in India. With the increasing number of tourists and students, the real state in Delhi has become one of the sought after properties in India. Here, property transactions are made in diverse fields including flats, houses, plots, agricultural land, industrial sheds, industrial lands and residential plots.

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The prices of the real estate in Delhi depend upon the various factors such as the location of the site, accessibility, et cetera.

However, tourists look out for an accommodation that is located in proximity to the monuments, etc. While business entrepreneurs look for a place which has easy access. Malls and plazasin Delhi are a point of attraction.

The online Delhi real estate directories are the best way to get a suitable property at affordable rates.

These online directories help you out to find a particular property with your choices such as location, furnishing and many more information about their kind and help in choosing the best deal that suits the taste and the budget of the customer.

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Marketing Tips For Real Estate Agents

If you are working as a real estate agent you must know how to market your services and attract potential clients to hire you. The clients usually do not come to you; instead, you have to go to them and convince them why they should hire you to facilitate the property transactions on their behalf Real estate transactions are usually a very complex work, as there are lots of legal formalities involved with the same. That is the reason why buyers and sellers of properties prefer to work with an experienced real estate agent. 

But, in the current industry, there are more agents in the market than there are buyers and sellers. The competition is tough. Therefore, if you want to get an edge over your competitors, you must do some serious marketing for your services. Following are some useful tips.

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Tips For Real Estate Agents

Build A Network

Effective communication skill and the ability to build good business relationships with other people are some of the qualities that a real estate agent  must possess to become successful. The more people are there in your network, the much easier it will be for you to win new clients.

No matter where you go, be it a professional meeting, a get together, meeting with your neighbors or a visit to your children’s school, you must pass on the information to others that you are offering some great services for both home buyers and sellers.

Explain to them the kind of innovative methods you use and why people should come to you. The real estate market is a huge one and you can find your clients almost everywhere. After all, everyone needs a home. Building a long contact list means you are actually building a long list of potential clients for your business.

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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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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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what Not to do when selling a home?

When you’re attempting to sell a home, there are several things you should do and there are many things that you should not do. So as to sell your direct a timely and economical manner, here are some tips for what to not do once commerce at home. 

Sale/Purchase Tips

Restrain charm, or the method your house and property appearance on the outside, are important. Don't let your house seem like it hasn’t been taken care of. It’s attending to be the primary issue a possible buyer goes to check once they return to look at your home. If the grass isn’t cut, shrubs aren’t well maintained, if the door has paint peeling, it’s attending to provide a dangerous initial impression. Watch the outside of the house the maximum amount as you are taking care of the within.

Don’t shut the drapes and keep the lights off. Dimly lit homes look poor and underneath unbroken, therefore slow down your home by repainting rooms with a lighter color or ever-changing lighting fixtures to create the house seem brighter and higher well-lit. Pet odors and pets roaming round the house are an outsized turnoff for potential buyers.

Once a possible buyer is within the house, don't have muddled around. Muddle goes to create the rooms feel smaller than they could really be. Take any muddle and place it into a storage unit that the importer will see the house as they'd place it in conjunction with their personal belongings by mistreatment their imagination.

One giant issue not to do when selling a home is to be around once there's a showing. Buyers are uncomfortable once the seller is within the house as a result of they desire they're unable to speak concerning the house. If you are at home, avoid the property in any way.

When selling a home, make sure that you follow the following pointers on what not to do so that you'll sell your home quickly while not losing any cash attributable to one thing you'll have fastened. Selling is a difficult process, taking up a lot of time to make sure the home is presentable both inside and out.

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