With today’s real estate market, it is easy to purchase a wonderful property at a fantastic price. There are numerous foreclosed residences now available on the market. These residences are listed at rock bottom prices as the mortgage loan providers simply want to get the amount of revenue due to them.Using the services of a realtor can assist you locate the best package available on the market.Continue reading to learn how to retain the services of a realtor that is perfect for you.Three Types Of Real Estate AgentsIn modern day housing world, you will find three types of real estate agents – a buyer’s agent, a dual agent and a seller’s agent. Each one of these types of professionals represents a party in the property purchase.A seller’s agent:Functions for the vendor and endeavours to get them the most amount of money achievable. The seller’s agent receives a proportion of the sales price, therefore it is within their best interest to obtain the optimum sales price of the property or home.The listing agent is always a seller’s agent simply because they have a vested interest in obtaining the optimum sales price; therefore, they always represent the vendor.A buyer’s agent:Is employed by the purchaser and endeavours to save them the maximum amount of money when buying a property. Buyer’s agents receive a proportion of the sales selling price; having said that, the buyer also consents to pay the buyer’s agent a portion of the sale’s price.This contract enables the buyer’s agent to generate a good profit while representing the purchaser. Typically a buyer’s agent charges you between four and six per cent commission rate for representation.A dual agent:Represents both the vendor and purchaser equally. This sort of business typically takes place when a prospective home-buyer employs a broker as a buyer’s agent, and then chooses to place an offer on a property or home that the agent has listed. This particular realtor doesn’t represent either client.The real estate agent doesn’t supply guidance to either client. The broker only works to get the deal sealed. He’ll put in place the appointments for home inspections and discuss with the mortgage company, but will not offer guidance in terms of the sales price.This particular agency is easily the most risky to both the real estate agent as well as the seller and buyer. The legal waters can be murky in this kind of agency, and ought to be avoided whenever possible.In the present market, there are plenty of money saving deals to be found. Prior to hiring any real estate professional it is crucial that you are aware of the different types of agency offers available.This article has discussed every type of realtor accessible to both sellers and buyers.Utilise the information and facts above prior to seeking that perfect property or home. Then, venture out there and locate your real estate agent. You’re going to be rewarded with a wonderful bargain.
The development of real estate in India is estimated to be around US$ 15 billion and it is growing at a rate of 30 per cent every year. Almost 90 per cent of real estate developed is residential space and the rest include office, hotels shopping malls and hospitals. This kind of double-digit growth is primarily attributed to the off-shoring and outsourcing businesses, such as high-end technology consultation, call centers and programming houses which in 2004 are estimated to have accounted for 12 million square feet of real estate development.The demand from the information technology sector certainly has changed the urban landscape in India. According to estimation in India, there is a demand for nearly 70 million square feet of IT & ITES space over the next four and five years. Several multinational companies continue to move their organizational operations to India to take advantage of lower manpower and other costs. Providing human resources and home at their work place assume great significance and therefore the requirement to create space for people to live and work that in turn cause the development of other related infrastructure. It has been a predominant trend to set up the world’s best business centers, often campus-style establishments, bearing a distinguishing corporate stamp. Some of these locations are so distinctive that they are termed as the “temples of new or modern India”. It is just an indication of the extent that the development of real estate taking place.Another case in point is Gurgaon, one of the national capital regions of India, which has seen a fundamental change in not just its skyline but also in its fundamental urban demographics. Gurgaon, a few years ago, was described as just a small town built on a cow pasture. But in the past seven and eight years, it has witnessed 20 malls with many more under construction and has a skyline of shining new office buildings and call centers. Gurgaon is considered a shopper’s paradise and the malls are similar versions of their US counterparts: five story big bazaars which house almost every international brand like McDonalds, Levis, Nokia, Nike and Tommy Hilfiger along with multiplex cinemas, escalators and large parking lots. The arrival of call center industry, information technology houses and other such BPOs in India has led to an inflow of more than 900,000 new jobs. Outsourcing business has changed the real face of commercial real estate in India, but its greater impact has been the demographic shift characterized by rising disposable incomes and increased consumerism.The real estate market in India remains unorganized, fairly fragmented, mostly characterized by small players with a local presence. Traditionally, real estate developers were viewed with an element of skeptical attitude. Developers were often identified with dealing with large amounts of unaccounted money, lacking transparency and would use unscrupulous means to acquire a variety of regulatory approvals.