The Merriam-Webster dictionary defines the word ‘Manifesto’ as “a written statement declaring publicly the intentions, motives, or views of its issuer”. The closest we would come to reading a manifesto is before a crucial election when a political party or an aspiring candidate would publish one. It is a detailed statement that tells people what the party/candidate is about and what they hope to achieve by contesting the elections.
We all know at least one Real estate agent whom we have used for buying or selling property. Our perception about the stereo-typed realtor is probably because of this interaction or probably due to the depiction of one in television serials or movies. However, these assumptions are not always as real as they seem and are far from reality. It’s time to clear the air about these myths that have been around for years and we shall do this in course of this article.
The Real Estate (Regulation and Development) Act 2016, known as RERA too, was enacted on 26th March 2016 while all its provisions were effected from 1st May 2017. The Act has been brought in to protect the home buyer’s interests and bring about greater transparency in the real estate industry. Developers are required to register their projects under this act and Real Estate Agents have to register their businesses. The process of registration for real estate agents is currently on going while developers were given the deadline of 31st July 2017, failing with a 10% penalty will be slapped.
The buying and selling of a home has all the makings of turning out to become a nightmare, probably a recurring one too. A lot of stress and complications are strewn in this path especially for people who haven’t taken this route earlier. However, the presence of a professional realtor can make things easier for you and ease a lot of stressful situations that may come your way. But how do you know you have made the right selection and picked the right realtor (Yeah, it is as critical as selecting a life partner) who can steer you through the real estate maze.
The following are the signs that you have narrowed down on the ideal real estate guide:
Your decision to buy a home could possibly be the most important one in your lifetime (choosing your spouse would be another) and carries the highest value in terms of money invested. It’s a huge step to invest in a home of your own and relieve yourself of the hassles of a rented one. You will need to ascertain that you take the right steps and make this single largest investment of your life, truly count.
Here are 5 major reasons why you would do well to use a Realtor during this process:
Relocating from one city to another or one country to another is unavoidable in today’s world. Irrespective of the fact that you may pride yourself to be a bit of a master at the game since you have “Been there done that”, it is never easy to shift home. There has to be a checklist that needs to be ticked off so you do not miss anything. Yeah, we know that you plan to hire the most efficient movers & packers to help you relocate, but there are many other things that you will need to take care of, other than moving your belongings from one place to another.
It is extremely important to minimize the stress of moving to the bare minimum and keep track of all the essential paperwork and documents you will need at your new place of residence. Every utility company like telecom, piped gas, electricity, cable etc. needs multiple copies of varied documents for subscription, so you’d better have them on you when you move. Let’s break this process into a few steps to make it easier to follow:
A majority of first-time home buyers are from the generation born during the eighties and nineties, millennial’s who are recently married or just started new families. For this generation, buying a home for the first time and making such a huge investment is certainly a vital decision. This generation has seen the real estate industry boom and has also seen the volatility of the housing market from afar. Fortunately, the earlier generation which has used some tried and tested methods to successfully invest in the real estate market, is still around and can guide the newer age bracket in a similar manner.
Let us explore them in brief:
While we have all heard about the popular quote “Love Thy Neighbour”, it has always been a difficult one to practice and execute in real life. How many of us take that extra-effort to know our immediate neighbours and engage with them in the real sense of the word? Our busy and fast-paced lives are divided between family and work, barely leaving any space to socialize with our neighbours. When there is any kind of emergency at home or in the family, we always rush to our neighbours for help. It is always nice to share a comfortable relationship with next-door neighbours, but first it is important to become a good neighbour yourself to others.
Here’s how this can be done easily without making a major effort to establish yourself as a good and reliable neighbour everyone would love to have:
Technological advancements are all around us, making our daily chores and functions easier. Booking a cab or a flight ticket or a holiday is just a click away. There have been reports of technology eliminating human intervention totally but it is clear that a smart combination of human intelligence and technology will remain the key to any successful venture.
With the arrival of technology in the real estate industry, there has been fear that realtors will be soon replaced entirely by housing portals and websites. The basic functions of a realtor may be replaced by technology, but the human element will always remain a critical part of a home buying/selling transaction. In fact, the use of technology will help realtors to conduct their business in a rapid manner and move towards more closures. Property search websites have empowered the consumer to a huge extent but the role of realtors has been further enhanced and their demand has grown multi-fold.