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Real Estate Agents in Oakland
Date : 2019-06-26
Five Things You Must Do While Buying a House
Buying\r\na home is perhaps one of the most crucial decisions of your life. Each of us\r\nwants to ensure that nothing is left to chance when it comes to choosing the\r\nbest property or the best deal while choosing the dream home of our loved ones.
However,\r\nthe process of buying a home has many aspects, and not neglecting one might not\r\nbe a wise choice in the long run. Below are some guidelines that every\r\npotential buyer should follow before finalizing the transaction:
Tip\r\n1: Always make a plan for the future
What\r\nyou need to do: Evaluate your needs
Last\r\nmonth\'s story: Renuka and Ajay, a newly married couple, decided to buy a house\r\nin Mumbai. But for lack of time and knowledge, they ran into an obstacle. They\r\nwere looking for the right property. Every weekend, they meticulously followed\r\nannouncements of upcoming projects. But the more they saw, the more confused\r\nthey were.
Finally,\r\nthey decided to ask Mitesh Shah, a friend and a professional real estate\r\nconsultant, what was the best location and the best time to buy. Mitesh advised\r\nthem to invest in a house early in life. \"The demand for houses is\r\nsteadily increasing in Mumbai,\" he said. Ajay asked Mitesh for some tips\r\nto help them start their search. Mitesh says, \"But what kind of house are\r\nyou looking for?\"
Renuka,\r\na software engineer like Ajay, said: \"Our budget would be about 90 lake\r\nper crore, and we were looking for a place from which we could travel\r\neasily.\" Ajay nodded and added, \"But, Mitesh, we want a\r\nchild-friendly place, I think in the long run.\"
It is\r\nimperative that you evaluate your financial goals, your current lifestyle, and\r\nyour long-term family needs. Determine the amount of mortgage needed and\r\nremember that you can avoid paying both rent and IMS, by choosing the loan to\r\nmove. If not, develop a financial plan that allows you to balance rent and\r\npre-EMI without depleting your resources.
Tip\r\n2: Pay Heed to the locality
What\r\nyou need to do: Research on future local development plans
Why\r\nwas Thane chosen? After getting a clear idea of Renuka and Ajay\'s future\r\nplan, Mitesh told them, \"If you want to improve your lifestyle, I suggest\r\nyou look at Thane, which has recently been ranked as one of the most promising\r\ncities in the world. India by FIRST Sm @ rt Cities Council and Indicus\r\nAnalytics (an economic research firm) is the first choice of almost every\r\nhomebuyer I meet, with many reputable hospitals, good schools and multiplexes\r\nThane life is very convenient., Thane is centrally located and the next metro\r\nline will facilitate travel. \"
When\r\nchoosing the location, homebuyers should look for the historical price trend\r\n(per square foot) of the area. This will give a fair idea of the expected\r\ngain from real estate investments. Other factors to look for include social\r\ninfrastructure, proximity to nature and means of transport.
Tip\r\n3: Check the developer credentials
What\r\nyou need to do: Learn about past / current projects
A\r\ncautious decision: Renuka and Ajay rejoiced and thanked Mitesh for his insights\r\non Mumbai\'s real estate prospects. Before leaving, Mitesh said, \"Remember,\r\nopt for a well-known and experienced developer in this region with a good track\r\nrecord of project execution - it\'s by far the most prudent decision,\r\nfinancially.”
Housing\r\nbuyers must ensure the quality of the building materials used in the selected\r\nproject. The developer\'s commitment to executing the projects in accordance\r\nwith the plan and the history of rapid possession of apartments are other\r\naspects to consider. Choose a developer with a credible reputation and\r\ngoodwill.
Tip\r\n4: Review the proposed layout plans
What\r\nyou need to do: Review the project plans
Drawings\r\nfor all: Renuka and Ajay started looking for the house of their dreams at\r\nGhodbunder Road in Thane. Mitesh had informed them that this particular region\r\nhad experienced unprecedented growth over the last five years. With their\r\nsearch horizon now reduced to 20 km, they hoped to soon be able to choose a\r\nlocation. Like any other homebuyer, they were looking for an aesthetic project\r\nwith excellent ventilation, exceptional connectivity and convenient amenities\r\nfor all age groups.
Examine\r\nthe layout plans to make sure that everything promised is included in the\r\nproject layout. Projects with a plethora of amenities are preferred by most homebuyers. Check if the amenities offered meet the needs of all members of\r\nyour family. Yoga centers, walking trails, playgrounds for toddlers, parking\r\nspaces, sports pavilions, common rooms, club house, etc. are some of the\r\nfeatures of a good residential project.
Tip5: Quick checklist before the act
What you need to do: search for transparent offers
Todaystory: Renuka and Ajay plan to move into their new apartment in a few weeks.\r\nYes, they booked a BHK at Thane\'s Ghodbunder Road. The place they chose is rich\r\nin natural beauty and far exceeds their expectations. The couple was last seen\r\ncelebrating the good news with their friends and family.
Buyers\r\nmust search for transparent transactions. A representative from Vijay Group and\r\nSuraksha Realty, a Thane-based real estate joint venture, said, \"Ask your\r\ndeveloper if the project is approved by the major housing loan companies.\"\r\nThis would make it easier to get credit approvals. loan faster, the certificate\r\nof occupation or the certificate of completion of the developer after\r\ncompletion of the project. \"Among the different aspects of buying a house,\r\nthe representative pointed out the following:
Before\r\nsigning the deed of sale: Before signing the deed, read carefully its clauses\r\nto avoid any unpleasant surprises later. In addition, also check the following\r\ndetails:
Your name, address and PAN
Address (specification) of the purchased property
Parking clause, if applicable
The\r\nrepresentative also stated: \"Our group\'s philosophy of maintaining the\r\nhighest level of clarity is the cornerstone of our offering, and we believe in\r\nthe need to build long-term relationships with our customers.\" Our current\r\nproject, Orovia - The country of prosperity, launched in January, has been well\r\nreceived by buyers looking for unparalleled quality, a central location and\r\nprofitable investments, and has a wide range of thoughtful amenities. and\r\noffers the comfort of an urban lifestyle amid serene river landscapes and\r\ngenerous nature. \"
East Bay Living
Date : 2019-06-26
Five\r\nThings to Watch for in 2019 Real Estate
2019\r\nwill not be a wild year. But the East Bay residential real estate market,\r\nlinked to the bustling bay market, is still an exciting journey. This is one of\r\nthe most important things to watch if you are investing for the first time or\r\nif you plan to increase your stake in the East Bay area, especially in Contra\r\nCosta County or in many areas. from Alameda County.
Unemployment
We\r\nare going into record territory and it is a very good leading indicator.\r\nHousing prices and all other housing and economic indicators will follow this\r\npath. Some of the largest increases in median home values have been observed\r\nin East Bay and this trend is not expected to change.
Interest
Unfortunately,\r\ninterest rates will rise. So, if you finance, you will pay a little more for\r\nthe housing loan you need. Take out these calculators. These rates are not\r\nlikely to affect mortgage rates much - but in the long run, this remains a\r\npossibility.
Inside
The\r\npressure will continue to push from the coast to the inland. This is good news\r\nfor many investors already present in some counties of Alameda and Contra\r\nCosta, but, of course, house prices will continue to climb. This is the right\r\ntime to enter, before these expected mortgage rate hikes and before prices\r\nbegin to reach levels ever seen in some of these very attractive communities.
International\r\npressure
San\r\nFrancisco, one of the most popular markets in the United States, receives more\r\ninternational investment than anyone else. This will continue to affect housing\r\nprices in the Bay Area and is likely to cause some volatility. In particular,\r\nthe events on the Chinese market deserve special attention because they will\r\nprobably have a growing effect here. (Not necessarily a really negative effect)
Rentals\r\nwill continue to grow
The\r\nnumber of buyers at any price, regardless of the type of purchase, will likely\r\nincrease and even include owners who wish to move on or grow. While this may\r\nleave a void in many areas of the market as buyers will simply not find their\r\nhome, the rental market should continue. It\'s simply the only affordable option\r\nfor many potential new home buyers. This represents a significant opportunity\r\nfor those who can afford to enter the residential investment real estate\r\nmarket.
Many\r\nfactors come into play if you plan to buy, sell or invest in the coming year.\r\nThere are good locations, but even a lot of old bad locations are starting to\r\nlook better. (See # 3 above.) The year 2018 was marked by many records in terms\r\nof sales and appreciation rates. All these elements will make 2019 a year of\r\nresidential market even more interesting.
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