Archive for April, 2009

Property Vertical – a One-stop Guide to All Your Real Estate Requirements


The rising Indian economy has led to the prosperity of real estate sector in India. The real estate in India has grown as one of the most attractive investment areas for domestic as well as foreign investors. Indian real estate has great potential demand in almost every sector, but especially commercial, residential, retail, industrial, hospitality, healthcare and so on.

Nowadays, many online portals are popular on the Web for real estate professionals to market their services to home buyers and sellers. These portals are constantly trying to make the process of Indian property transactions more conducive, transparent and stress-free.

An online portal called www.propertyvertical.com provides an environment where the entire property community including agents, sellers, buyers, tenants, banks, attorneys and so on can freely interact to the benefit of the industry as a whole.

PropertyVertical.com provides complete listing of real estate agents, brokers, construction companies in and around Delhi, Chandigarh and other parts of India. The website has a comprehensive yet user-friendly design that facilitates easy and effective property transactions. It also provides a customized interface across property categories making each listed property unique. This real estate portal also provides services in US to serve the NRI clients thus maintaining a multinational base.

As an internet property dealer, PropertyVertical.com provides you with property listings in all residential and commercial sectors as well as agricultural and industrial land too. Here all the property related listings are continuously updated and maintained, to provide you with latest and accurate information. The portal also provides photographs of property listings packed with information so that you can make personalized selections. Their typical property services include property evaluation, marketing and advertising the property, finding a qualified tenant, buyer, preparing leases and helping in property transfers and so on.

Being a property management portal, PropertyVertical.com is dedicated to develop effective solutions to cater your varying property needs, serving as a one-stop guide to all your real estate requirements. With excellent service and support, this online portal is constantly working to regulate the Indian real estate market through this virtual platform.

Propertyvertical is different from other Real Estate Portals – We are not just a Real Estate Portal – but we ourselves are Real Estate Advisors/consultants. Propertyvertical does not put property of an online advertiser on website but markets and sells a property of a seller. We upload a property only after checking all credentials etc. and we ourselves are selling those properties. Whereas other Real Estate Portals are just providing platform for individual buyers/dealers to sell their properties.



Rent Back Fast

Thinking About Renovation? Think Smart

renovation

The idea of renovating your home to improve the price it will fetch on the real estate market is an appealing thought. The question that any home owners should be asking themselves is “what does my home NEED in order to fetch a higher price?” Many home owners will overlook obvious things that their home needs in favor of cosmetic fixes or upgrades that magazines and TV say will increase their asking price. The thing that they forget is that without the basics the home will not impress people on a base level. Sure it may have some impressive features but without the daily necessities, what is the point?

Before you set about adding un-necessary extras to a home take the time to make sure that the everyday things are taken care of. Now, these can be pretty simple things like working fixtures and faucets, updated appliances and clean floors. There is also the fact that the interior workings of the home should be checked and fixed if they are in need of it. There is little sense in a home with a brand new solarium and hot tub if the plumbing system is in disrepair and there is mold growing in and around the pipes.

So it stands to reason that any home owner should go over their home with a fine tooth comb and find those little everyday things that could use an upgrade or a fix before jumping into major renovations with both feet. you may find yourself making renovations only to have to go back at the end to repair something that should have been fixed before the building started. There is also the chance that the reno’s that you make could cause undue stress and wear on the existing home systems that can be time consuming and expensive to fix.

Once the home is in tip-top condition and everything works as it should then its time to consider making those price generating improvements. The buyers will feel much better looking at a home with an updated electrical system, a current plumbing system and a new roof than a home with a few nifty extras and a host of possible problems.



Sell House Quick

Quick House Sale : you Get Money Fast This Way


Equity release schemes help you out with a stable source for sustenance and an extra bit of cash to spend your old age without financial worries. By availing to this scheme, you do not have to worry after retirement, if your pension is less. If you have property, you can always cash in your hand. By using your property value, you can apply for cash amounts, with the condition, that the amount shall be paid with an equivalent of your property value, after death.

This scheme helps you unlock the money lying frozen in your property. What this scheme does is convert a part of your assets into fluid cash. This cash can then serve your other needs, especially your daily expenses. For all those people who have retired from active service, this is a good option, as it gives them that wee bit extra to run their lives. The best part is that you do not have to worry about your repayment during your lifetime. This saves you the hassles anyone faces due to shortage of funds. As old age can be a harrowing time, equity release is a custom-designed scheme to take care of your needs in your old age.

A few types of schemes you would like to know about are:

Home Reversion : You can sell a share of your home, and upon the sale of property, the company takes its cut of the profits.

Home Income Plan: Here the provider offers you mortgage on your home. And with this mortgage amount, you can buy a lifetime income or annuity. And as the interest accrues from this income, the principal loan amount is repaid from the final sale of property.

Lifetime Mortgage: You can borrow either a lump sum or you can avail to a monthly income and repay all the dues, including the interest on the loan amount, upon sale of the property.

You can apply for the equity release scheme online also, filling out the given entries and you will find many eager providers replying to your application.



Quick House Sale

Quick Property Sale


There are many situations when homeowners want or need quick property sale. Imagine you are about to move to another country and your current home will no longer be of use to you. You do not want to rent it and can’t think of anyone that you could entrust with the sale of your property once you have left. Besides, you might also need the cash that is tied up in your property for the purchase of your new home or for any other expenses. It would only make sense that you look into every option you have for quick home sale.

If you are about to get a divorce and have to split everything with your spouse, it is best that you opt for a quick property sale. After all, the sooner you get it over with, the better. Or if you inherit a piece of property that you would rather sell and make good use of the generated cash instead of using it yourself or renting it, quick property sale is once again a very good option.

One of the most frequent situations where homeowners opt for quick home sale is financial crunch. This can be brought about by a host of factors, and the consequences can be long lasting and serious. Therefore, the prospect of quick property sale emerges as a very good solution to a number of problems that are generated by the lack of necessary cash. Maybe you have a pile of unpaid bills, or overdue mortgage payments, and run the risk of losing your home to the financial institution that has granted the initial loan. As true as it may be there are several other solutions to such situations, it often happens that quick home sale is the best one. Why? Because it represents the most convenient option. The bottom line is that you get to release the cash tied up in your property, without losing your home. There are investors and companies that specialize in buying real estate properties for cash in a timely fashion. In other words, you can have your property sold in a matters of days, and be paid cash for it, which gives you the ability to resolve all your other financial problems. Furthermore, in some cases, you also have the possibility to rent back your home and continue to live in it as a tenant, and even to buy it back several years later. This is the reason why quick property sale is a very good solution to any problems of financial nature.

Whatever your reasons may be for wanting to sell your property quickly, there is no better way to achieve this than by going directly to an investor. We are talking about the kind of investors that can pay cash for your property and have enough experience in this field to make a fair offer. However, you have to remember that quick home sale is otherwise a contradiction in terms, which is why you have to be realistic and lower your price expectations, if you want to sell your property quickly.



Rent Back Fast

Rent Try Buy – Rent Try Buy Helps First Time Buyers

rent back

Rent try buy is a scheme where the renter of a property attempts to buy it at a later stage. People rent a house for many reasons, of which the major being, lack of funds to put up a mortgage. In a critical financial position the first option that comes to ones mind is renting an accommodation. This is a safer bet. But every human being has a dream to possess a house during their lifetime. For them, the best alternative would be rent try buy.

Managing funds to buy a house is an art by itself, with a little bit of homework this task could be accomplished with ease. The first major factor would be to have good credit scores. A good score can make you eligible for a loan and it is the gateway to your dream house. In case your ratings are poor, then work on the rating, rent an accommodation and use the time to improve your scores. Rent try buy will certainly work in your favor.

First time home buyers have the advantage of lower down payment. Look for such programs and utilize it to your benefit. Government sponsored programs are available, which can help you to buy a home.

Rent try buy option helps to save for the down payment. A 20% down payment will help and the balance can be acquired through mortgage, if your credit ratings are good.

Rent try buy gives you lot of time to shop for the right house. Do not force yourself into a buy. A leisure shopping for house can save money as well as unwanted complications which may crop up at a later stage. You can search for a property with the help of the internet. There are number of online property shops available where you can choose a house of your choice which fits your pocket.

Before locating a house, decide what type of house you would require, like how many bedrooms, bathrooms, garage, with or without lawn, ventilation, play space etc. Instigate a search only if you are sure of these. Of course the price also matters. See how much you can pool in and how much mortgage you can afford. Since, monthly payments have to be made; a thorough calculation is required before deciding to own a property. All this thinking should be done before choosing a rent try buy scheme.

A property that comes with rent try buy option should suit your requirements. Do not select a property just because they have less down payment or cheaper rents. Such selections are likely to have some hidden cost. Be careful before you choose rent try buy plan. A thorough reading of the documentation is mandatory.

In case of any doubts in the documentation it is advised to consult experts in the field, as they might be able to help you better. Consulting a legal adviser can rescue you from embarrassing situations. Ultimately, rent try buy is no doubt the best option for first time buyers.



Sell House Quick

Myrtle Beach Vacation Rentals


Myrtle Beach, located along the Grand Strand on the coast of South Carolina, is one of the prime vacation destinations in the country, drawing visitors from all around the world. With its abundance of golf courses and miles of sandy coastline, it is the perfect place for a family vacation or a weekend getaway. Make your way to Myrtle Beach for your next trip to the coast and let the sun, sand, and variety of attractions calm your nerves and show you the vacation of a lifetime.

Vacationing in Myrtle Beach means spending lots of time exploring different golf courses or participating in numerous water activities. If either of these items are on your itinerary, you can find accommodations that make it easy engulf yourself in what appeals to you most about this area. Myrtle Beach vacation rentals are conveniently located throughout the city, providing easy access to the attractions you want to visit. No matter what you are looking for, there is a vacation home rental in the location that matters most to you with all the amenities you need for a great trip.

If your schedule is jam-packed with days of hitting the links at local courses, then why not stay in a home that sits directly on a lush green fairway of the World Tour Golf Links. This course’s 27 holes are inspired by some of the most challenging and famous layouts in the world, allowing visitors to sample the best in a single day. A quick look out the window reminds you why you have come to the area that has the largest concentration of golf courses anywhere in the world. And when you are ready to face the challenge, one of the best courses in the Myrtle Beach area is a stone’s throw away.

While staying in a vacation rental that sits on an amazing golf course is a great way to be near your passion, it is also excellent for those who want a quiet, more natural setting. Towering pines and live oaks line the fairways and crystal clear water hazards are just off to the side, creating the perfect environment for anyone looking to escape from the hustle and bustle of the city and kick back to the birds’ sweet song. Forget about everything you have left behind and simply relax on your balcony as you soak in the beautiful views of the rolling terrain and calming green land.

Staying on the water in an oceanview condo is a great way to enjoy the amenities that come with condos while allowing yourself easy access to the beach at all times. You can find condo rentals that have numerous indoor and outdoor pools, an indoor water park, an onsite tiki bar, numerous hot tubs, and fully-equipped exercise rooms so any activity you could possibly think of is easily within reach. The condos themselves are nicely stocked themselves, providing enough beach towels to last your trip, TVs, DVD players, wireless internet, and plenty of space so everyone in your group has a comfortable bed to sleep in.

Whether you choose a condo or house rental that is directly on the beach, you are making a good decision if you plan on spending a lot of time playing in the sun and the sand. When you stay on the water, a day at the beach is just a short stroll away so you don’t need to waste time in the morning packing your vehicle full of supplies and then searching for a convenient parking spot. Simply get the family ready and walk out the backdoor, where you will be greeted by the sound of the waves and the warm sand between your toes. There is no crossing busy streets and when you need a short break from the sun, your vacation rental is nearby so you can have a rejuvenating lunch with all the comforts of home.

When the thought of walking across the beach as the surf slides gently over your feet has become too much to bear, come to the South Carolina coast for a vacation filled with rest, relaxation, and plenty of sun. There are plenty of attractions to keep you occupied and plenty of places where you can retreat away from the noise and simply soak in the breathtaking beauty of the Atlantic Ocean.



Sell House Quick

Simple Home Decorating Tips Anyone Can Use


Every homeowner has the constant desire to want to create a presentable environment in their house. It is only natural – if you make such a large investment as a house, you should maintain it to the best of your abilities. Using simple techniques to decorate your house, you can increase the aesthetics by a huge amount. It can be very expensive to hire a professional home decorator, and it is quite frankly unnecessary. Professional home decorators are simply people who have learned to spot certain fundamental truths about home aesthetics. So if you feel the need to decorate or redecorate your home, you should consider all of the following aspects.

The first step to home decorating is having tasteful furniture and accessories. This doesn’t mean you have to buy a ridiculously expensive set from a furniture store. You can do with thrift store goods if you’re careful. When you first start picking (or replacing) your furniture, you should decide on a certain theme that you want to stick with. You can buy furniture that is mostly made out of wood. If you buy a can of wood stain from your local home improvement store, you can magically match all of your furniture when previously they completely contrasted each other. Alternatively, you may decide to go with a modern theme, or any other number of themes and sub-themes used by decorators. You can get ideas from decorating magazines, stores, or homes of friends.

Once you’ve got your furniture and accessories all generally matching, you can consider your walls and carpets. Of course, this stage of the decorating depends on how much you want to overhaul your home, and how much you are willing to spend in time and money. The fact of the matter is, your carpet and walls are most likely not the best match for the rest of your house, since the builders of your home could not have known what sort of furniture you would have. Painting the walls is a relatively easy project, and you can do it in a weekend if you plan it out right. A tastefully-colored wall can lend a lot of aesthetic value to your home.

The hardest part of decorating your home is noticing small touches that you can make to lend to and improve the overall mood and theme of the house. The reason it’s hard is that you can’t analyze any specific aspect of your house and figure out how to change it for the better. Instead, you have to look at the big picture and creatively imagine things that you could be doing differently. If this doesn’t come naturally to you, then you can use many different sources as inspiration. But a few magazines next time you’re at the store, and look at the rooms pictured within. Most of them have likely been designed by professionals. You can look for the small details that give the room its great style, and figure out ways to apply the same thing to your home. Just make sure that the small details fit the color scheme and style of your overall decor.

The lighting of your rooms is also a very important aspect. When you have a very well-thought-out furniture layout, and specific decorations everywhere, usually the default lighting layout will not suffice. Think about changing the lighting to a different part of the room to change the focus. Think about putting a lamp on a table or even a track lighting system on the ceiling. There are many different options, and if you choose the right one then you can masterfully focus the attention of visitors to the parts of the room that you want them to be looking at.

Home decorating is never easy or quick, which is why so many people are tempted to spend a lot of money for professional advice. But before you do that, find out what exactly you are capable of, and see what you can do for your house.



Repossession

When Renting Makes Sense

rent back

Everyone at some time in his or her life finds it advantageous to rent. There are many varied circumstances that may require you to need to rent. You can rent a car, rent a home, rent a flat, rent a castle, rent a coder, rent a security guard, and rent a flat. There are literally an endless number of things, people, and services you can rent. Choosing to rent instead of buy is usually a lot more economical and just makes good, common sense.

Perhaps you want to know why you should rent when you can buy. Well, a good example is a cement mixer. There are many times in your life that a cement mixer would come in handy. The most common utilization may be when you want to create, extend, or redo your patio. This usually takes one day of mixing, pouring, and setting of cement. If you wanted to buy that cement mixer, you would be spending roughly $6,000+ new. Not sure you have that much cash to spend on a new cement mixer? Well, if you rent a cement mixer you can rent one for under $50 per day. As you can see in this example, renting that cement mixer makes a lot more sense than buying a new one.

One of the most common of rentals is that of a flat rental. You can get these in your local area when you need a to find a home base or you may be in need of a rental because you plan on vacationing. A vacation rental is not really that much different than your everyday rental, except that you will only be keeping it for a short time. Finding a flat rental is not as difficult as it may first seem. Often, the best flats can be found via recommendations from friends and colleagues. They may have the latest news on the recently available flats in their area. Another popular place that flat rentals are advertised is in the local newspaper. These often have a lot of listed flats for rent or lease. Of course, you can always do a search on the Internet. Whatever you decide on, finding a flat rental is not nearly as difficult as it first appears. A little bit of hard work and research will go a long way.

Of course, you can rent services as well. If you have ever had to hire an employee, you have rented a service. If you have ever hired someone to do your lawn or windows, you have rented a service. Security guards are another popular rented service. Usually, you get a service for a predetermined set number of hours and you then reimburse the service provider for the agreed amount of time. This is a great way to get that needed help for that home project or employment opportunity.

As is obvious, there are reasons you would need to rent rather than purchase. Some things, you honestly cannot purchase due to the high capital costs involved. Unless you have trained in a certain subject, you may not be able to gain the knowledge that a potential rented or hired employee may have. There are some skills that may be beyond you and renting just makes sense. I hire a plumber whenever I need extensive plumbing, because I know the plumber will be trained, professional and get the job done right. Remember that renting is often the only reasonably viable and sensible option that you should choose.



Rent Back

How to Choose the Right Office Space to Rent

rent back

Before you think about moving your business to another rented premises, or if you are thinking about moving a business that you started at home, which has now grown to the point that you need to rent office space, it is important to think about your business needs. You need to prioritise your needs and be clear about what you are looking for before you even begin the search for the right office to rent. Being clear and setting objectives will make the hunt easier and also shorter as there will be plenty of offices to rent – you just need to make sure that you get the right one.

If you have a list of necessary facilities and requirements, it will be easier to strike of those on the list that do not meet your requirements. You will more than likely have to compromise on some of your ‘wish list’ requirements, but as long as you are not compromising on aspects that are essential to the successful operation of you business then finding an office to rent will be easier.

What to consider when renting an office:

What is your budget? It is important to look at this first as it will give you an idea of what you can afford. You need to remember about business rates, legal fees and any service charges that come with the office. You will also need a budget for any alterations and improvements that you need to make to the space in order to make it the right office for your business.

Look at the needs of your business – do you need to be more central to attract people walking past or do you need to be near a motorway for access?

Size of your business – how many people do you have working for you? How many visitors will you have on a daily/weekly basis? You need to think about your employees, customers and any suppliers. You need to calculate the minimum space required so that you don’t make the mistake of renting an office that is too small.

Any special requirements you have. For example IT requirements – again, you must think about this and put them down in a list of essential and non-essential. The likely hood of you finding an office to rent with all your IT requirements catered for is slim – you may have to invest in upgrading what is already there or putting your own systems in.

Access for customers, employees and any disabled people who may be using your office.

Facilities such as toilets, canteen and kitchen areas and places for people to relax in.

It is important to look at your business plan and forecast. It would be a mistake to rent somewhere that is going to be suitable for your business for 6 months – you need to look to the future and rent somewhere that will be right if you expecting your company to grow significantly. You could look and see if there are other areas of the building that you could extend in to if this was the case.

The advantages of renting an office are that the up front costs are much less than buying. You don’t need to have a huge deposit or take the commitment that buying involves. You are protected from the decreasing property market, something that in the current market is a major consideration. Renting is also a fixed cost which is easier to put in to your budget which again, in today’s economy is a good thing. The landlord of often responsible for the upkeep of the exterior of the building and any shared areas, with the tenant being responsible for the upkeep of their own office – though this is something that you must get checked out by a solicitor before you sign the lease.

Once you have found somewhere that meets your requirements you then need to make sure that you and your employees would feel comfortable there. The office has to be a place where people will be able to work in a productive way. It Is amazing the positive impact of working in the right office can have, people will feel more inspired and will enjoy coming to work more than if you just settle for somewhere that isn’t suitable. Employees will thrive in the right building with the right atmosphere, this is why it is so important to think about your business needs before you even start to look for an office to rent.



Real Estate Professionals

Property Ownership in Chandigarh


The Chandigarh Housing Board (CHB) has finally decided to change with the times. In a major pro-people move, it has decided to make property transactions in the city hassle-free by allowing mutual sale and purchase of dwelling units by allottees. Until now, the transfer of CHB flats in Chandigarh was based on the general power of attorney, a system rife with defects and legal complications.

But all that is now passé, with the board of directors of CHB deciding on February 20 to make their flat transfer policy people-friendly and transparent. The new move will benefit a substantial number of about 50,000 owners/allottees of CHB dwelling units in the city, and will change the way property transactions are carried out in the region. Most importantly, it will offer relief to people whose properties have been lying blocked for years due to legal wrangles.

The CHB, ever since it came into existence in 1971, has been a witness to countless problems posed by GPA transfer policy. Due to stringent laws governing the sale and purchase of residential property in Chandigarh , a majority of allottees had resorted to sale through general power of attorney.

Since initially the CHB did not recognise GPA, property transaction through this system led to several complications including legal battles between the original allottees and buyers on the one hand and original allottees and the CHB on the other. This often led to blackmailing by allottees or their legal heirs who found it convenient to extract money from interested buyers of residential property. This was besides the hefty premium which buyers paid to allottees/sellers.

The practice naturally allowed property dealers to mushroom and make hay as they negotiated deals between various parties and charged heavily in the guise of completing endless formalities besides charging their commission. The GPA transfer system had bred corruption in the ranks of CHB, particularly in public-dealing branches.

Keeping in mind these complication, the CHB had, in 2001, come out with a policy to regularise GPA sale by fixing charges for the transfer of property by original allottees besides also fixing terms and conditions like clearance of dues, retention of original structure of the dwelling unit, respect for building bylaws etc. The regularisation of GPA, however, helped little, with buyers of residential units continuing to face harassment.

The new mutual transfer policy will bring buyers and sellers face to face for the first time and eliminate the role of middlemen like property dealers. The move will also end the nexus between property dealers and officials by allowing genuine buyers and sellers to own property in a legal way.

Besides, it is expected to bring revenue to Chandigarh Administration as transactions would involve the payment of stamp duty and other prescribed charges. Until now, stamp duty worth crores was being evaded in the name of large scale sale and purchase of CHB flats through GPA. The new policy will protect the financial interests of Chandigarh Administration besides being people-friendly.

Meanwhile, the board had said GPAs taken to date would be acceptable till the time the new policy came into effect. It has added, however, that people would eventually have to own property on the terms and conditions specified in the mutual transfer policy.

Further in a bid to curb speculation, the CHB has categorically said that GPA holders will no longer be eligible to apply for flats in any of its residential project schemes. Residential property, say board officials, must go to the shelter-less people. The board has meanwhile also allowed transfer of residential property in Chandigarh on the basis of one surety. Earlier two sureties were required.



Real Estate Professionals
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