Redstones Property Auctions

Redstones Property Auctions

Property auctions a right way for people who buy as well as sell their houses. With property auctions you can done with any type of property like land plots, commercial property etc, and any location that is for built as well as un-built spaces.
Nowadays Property auctions are not to purchase property for the purpose of reselling it for a profit. Mostly people are using property auctions for finding a perfect home on right price to buy and live in. Many people have benefit, property buying with property auctions. Investment houses, residential home, commercial property and repossessed property and so on are the different kinds of property listed for sale. For these properties the Property auctions to the helps the buyer and seller can be sold easily in the property auction for reasonable price.

A number of homes are available at all time offers by property auctions. Almost of these are being sold at prices lower than their market value but mainly important is that there are possible issues and concerns when dealing with auctions. But in actual these properties are valued based on the return on investment that they provide. Those properties are difficult to sell in their present state are mostly sale by Auctions. Property auctions provide those properties that are comprised of all favorable factors like excellent location with easy of transportation, quality schools and grocer in the vicinity at an affordable price can restore and resell it on substantial profits.

Property auctions are more popular day by day because they involve better deals and less formality. Auctions are the modern way of making transactions and less time-consuming and much easier when closing. Property auctions are very important to hire your own solicitor to finish legal formalities. And the second thing it is also important to know about your borrowing capacity and than you start searching for the property. And last thing you will have to go through financial approvals with your lender with the mortgage documents.

Property auctions with Redstones

Redstones have property auction that offering a range of any type of like residential investment portfolios, individual residential properties, both tenanted and vacant.
Redstones believe that exposing your property to the maximum number of people is the key to obtaining the best price possible at auction. So, they sending out thousands of catalogues, advertising in local newspapers and national trade press because number of people auction on your property.

Guide to buying and selling at Redstones Auction
Buying at Redstones Auction is a catalogue that displays all of the properties approximately 3 weeks prior. The catalogue is also available online a few days before it comes out in hard copy. But the catalogue and identify those lots that may be of interest. And every property has a Guide price that is published in the auction catalogue it is not the price at which the property will necessarily sell. The View of property is arranged directly with the auctioneers or their joint agents.

Nitesh Estates – A Realty Major In Bangalore

Nitesh Estates, the real estate arm of the Nitesh Group, is a property development company headquartered in Bangalore, India, with its presence in over eight cities across the country.
Nitesh Estates develops world-class Office Buildings, Homes, Hotels and Retail Spaces. The company has undertaken development of more than eight million sq ft in barely five years of its operation.

Now, it is engaged in the development of IT Parks, 5 Star Hotels and Shopping Malls. Nitesh Estates is also planning to expand its operations to other cities such as Kolkata, Goa, Chennai, Hyderabad and Kochi.

Some of the upcoming projects of the developer are:-

Nitesh Wimbledon Gardens:
One of the largest urban mixed-use developments to come up in South India, Nitesh Wimbledon Gardens in Kakkanad covers 2 million square feet of homes, retail, office and service apartments’ space. The project is strategically located on the Airport-Seaport Road. The residential segment of Wimbledon Gardens is being designed to meet international standards. It comes with facilities like a concierge service, well equipped gymnasium, swimming pool, outdoor play area, unisex beauty salon, club house, day care centre, conference and community halls, express elevators and ample parking space. These services are aimed to make life all the more comfortable. The price of the residential apartments range from Rs 35, 64, 000 for 1296 sq ft (2BR-2T), Rs 48, 29, 000 for 1756 sq ft (3BR-3T), Rs 54, 72, 500 for 1990 sq ft (3BR-3T) and Rs 62, 15, 000 for 2260 sq ft (3BR-3T).

Nitesh Canary Wharf:
Nitesh Estates has come up with a premium property, Nitesh canary Wharf, to be situated in Langford Town amidst the city's hustle-bustle. Nitesh Canary Wharf is being built away from the polluted and crowed urban chaos. The project includes mega hotels, quality educational institutions and sprawling shopping malls in the vicinity that offer everyday necessities and recreation. The residential apartments at Nitesh Canary Wharf are a perfect combination of beauty and high-class architecture. These well-equipped apartments provide state-of-the-art amenities , which make life more comfortable and luxurious.

Nitesh Forest Hills:
The project, Nitesh Forest Hills defines ‘premium luxury’ at its best. It is one of the finest upcoming projects in Bangalore. Nitesh Forest Hills is a high rise residential project to be located at Whitefield with 500 flats with an option of 2 & 3 bedrooms. Besides its good looks, it provides up-market amenities such as a meditation centre, jogging track, gym, swimming pool, special children play area and a commercial centre with a super market and every possible utility available within campus. The price of the project ranges from Rs 34, 73, 670 for 1301 sq ft (2BR-2T), Rs 38, 76, 840 for 1452 sq ft (3BR-3T) and Rs 43, 41,420 for 1626 sq ft (3BR-3T).

The Ritz-Carlton:
Nitesh Estates is coming up with India’s first and only The Ritz Carlton to Bangalore. This 267 room - Five star hotel, situated in the central business district, marks the company’s foray into the hospitality sector. This new hotel project will not only offer several restaurants, world class business meeting venues but also house one of India's most sophisticated, high-class and luxurious Spas. The hotel will have an entire floor dedicated to global luxury brands and high- end retail store boutiques. In addition to the 267 spacious and beautiful rooms and a premium presidential suite, the hotel will include The Ritz-Carlton Club, a private floor accessible only by elevator key. This club will have a dedicated janitor service throughout the day. Also, to be equipped with a helipad, this hotel will take business and leisure to new heights.

Nitesh City, Chennai:
Nitesh City – Chennai, will be a blooming one million sq ft property development which will include a luxury hotel run by one of the most prominent hotel chains in the world. The project will also comprise 100 residences associated with the hotel. It is slated to not only be a significant residential township but is also an endeavor by the company to create better, well defined communities. ‘Nitesh City’ will also have a retail and office block with excellent amenities for an increasingly effiecient business enterprise.

The project, Nitesh City, is being designed by a world known architectural firm in Seattle. It is proposed to be located in the heart of the city and promises to be a landmark development for Chennai.

Nitesh Pebble Beach:
Nitesh Pebble Beach is an upcoming residential project comprising luxury villas and service apartments, with a beautiful view of the expansive Arabian Sea. The project has a magnificent location as it will be developed at Benoliam Beach, South Goa, which is very near to the Taj Exotica & Leela Beach resort. It is also strategically located as it is a straight drive from Dabolim Airport, a few km away from Goa’s commercial hub Madgao.

Sellin Real Estate

Whether you’re interviewing listing agents, meeting with your listing agent for the first time, or following up with your agent after listing your home, there are some definite points that you should go over so that you can learn what to expect as a seller in your local real estate market. I’ve included some questions that you should ask before you list your home. If you’ve already listed your home, it’s not too late to ask these questions! Your real estate agent has hopefully already answered most of these questions. But, if he or she hasn’t, these topics will play a big role in selling your home in the coming weeks.

1) How long is it taking to sell a home in my market? (In other words, what is the DOM, or Days on Market, for the homes that have sold?)

2) What is the ratio of homes that have sold compared to the homes that have been listed? In other words, what is your home’s chance of selling if you list it? Keep in mind that a lot of homes are listed but don’t actually sell.

3) What are homes selling for versus the price they are being listed for? Your agent should be able to tell you a percentage difference for the asking price compared with the final sales price of homes in your area. Depending on where you live, this percentage difference can be a small amount or a considerable amount. This question is important because it leads to the next question.

4) What should I list my home for? This amount will partly depend on how much you owe on the mortgage, among other things. But, your agent should be able to do a CMA (Competitive Market Analysis) to show what comparable homes in your area are listing for – and selling for. Be sure to give your asking price some negotiating room. In this market, buyers are insulted if they’re not able to negotiate a good bit of money off the asking price, since buyers are really wanting to take advantage of market trends and “get a good deal”!

5) What services can you and your company provide me in order to give my home exposure to buyers? Your agent should be able to provide you with a list of services offered. These usually include newspaper or television ads, which generally don’t promote much of a response from buyers. So, be sure this list also includes internet sources, such as websites that receive good traffic from home buyers. The internet is becoming the most effective way to market homes, since 8 out of 10 home buyers start their home search online. This question is going to prompt a lot of other questions, so be sure to spend time on this topic with your listing agent.

6) Is there anything I need to do before we list the home? Your agent may recommend steam cleaning the carpet or doing some yard work. Unless your home is brand new, there will probably be a few things you need to do in order to spruce up your home and get it ready for showings.

Real Estate Guides and Advice

There are certain guidelines for real estate buying and selling. Real estate is the undying business. As long as the generations of people are expanding and existing. Real estate is in demand. But in focusing in real estate business, it needs lot of money for your investment in this kind of business. Its not like a simple product that you can sell anytime. It needs proper discipline of waiting few months or years to sell a unit or a house. For real estate owners, they proceed for a real estate broker in order to help them sell their property. And they connive with property loan financing institutions for having some clients who buy a certain unit in installment or loan financing basis. Its a concept of joining of real estate company and housing loan financing institute in order to have both clients. In this era of generations, this is the best way to have a house. But choose a real estate and loan financing company that offers low interest in having a housing loan. There are certain guidelines which a buyer can determine an excellent services of real estate company in offering their units.

For those who want to engage or buying a house in a certain real estate. Here are some guidelines and advices which turn into excellent tips to have a house. Always look for your current household budget so that you will know your financial situation in engaging now in any transactions of buying a house. Ask your family or friends for having an expert inspector who can help you in choosing a house and also a lawyer for helping you in buying process. Make a research regarding on the prices and style of houses today that suits in the type of your personality and always regard the place and the neighborhood. Buying a house is very significant and takes a lot of effort and make an evaluation in all aspects such as the quality standard of the house, the price, the real estate company stability, the environment (security, safety, neighborhood), and the terms of owning the house. Think carefully about how much you can afford to spend and consider borrowing guidelines. Look for the interest being taken in the money you’ve borrowed. Sometimes, problem may occur because of no clearly guidelines of borrowing money for financing the house you want to buy. Always look forward in the cash on your hand, because in buying a house for installment basis, you need to have more cash which intends to the higher the down payment, the lower the interest rate and monthly mortgage payment. And keep also a cash for considering any future payment for processing home ownership. For environment searching, always look for the safety environment and have an easy transportation for your access of your children to school, access to market and church, and near to your working place. Consider also the crime rate in the place and evaluate your neighborhood. After securing all of these, you can deal also with the broker. Because broker usually represent the seller, but they are valuable in having a sources of information regarding on multiple listing of services in choosing a house. And when you buy a house, choose a house that you can sell it also in the future.

Should You Join A Real Estate Partnership-Joint Venture?

Partnership in real estate or any venture is not a new idea. Many big projects can take shape because of partnerships or in the better terms consortiums. Most of the major real estate and infrastructure projects have been results of partnership between various companies. Real estate demands large investment and more the investment, more is the chance of making profit. So it is not at all a bad idea to get into a joint venture.

There are some things that must be clearly understood before getting into partnerships. The stability of partnership cannot be guaranteed. There are partnerships and joint ventures that have been lasting for decades and there are partnerships that hardly last the project. It automatically raises another question, whether investing with a partner in a reality project is a sensible proposition? The answer is not that simple. The factors that generally decide such partnerships depend on person, his solvency and trust. A known person is not always the right partner however close he might be. Also the investor must first set his goal. He must be fully aware about the time by which he wants his return, the amount of return and must also examine the offer of partnership and the reliability of such offers.

The first thing that should be the basis of any partnership is consensus. Remember that in a partnership no decision can be made by majority vote as in democracy. Until the partners agree on a matter it should not be proceeded upon as such actions can eventually lead to break-up of the partnership. Such break-ups can cause havoc to schedules when the matter is related to real estate. The result will be project delays and cost overruns and finally loss in the overall venture. This is not a way to do business. But if such a situation comes up when no consensus can be achieved then there must be a method to overcome the deadlock. The best way is to allow a third party to do the job of conciliation. He may be a consultant, any mediator or even a family member close to both the partners. But he should be influential enough to do the job.

A common way out is an agreement or deed of partnership. It should be a written document drafted by an attorney and acceptable to all the partners. The moment the deed is accepted the attorney will look after and be the attorney of the partnership. There are many types of partnerships like real estate investment trusts, tenant in common investment, limited liability partnership or limited liability corporation. You will have to choose from the one that you find most attractive.

To remain hassle free you can invest in a limited partnership as the liability is limited to only the invested capital. Also joining and leaving is no complicated affair and can be done anytime without dissolving the partnership. In such cases the general partners run the business and the profit is shared by all partners including the limited liability partners after deducting the administrative expenses and taxes.

How to Set and Achieve Your Goals in Real Estate

How to Set and Achieve Your Goals in Real Estate

by Larry Goins

I want to ask you two questions. One, do you have a Will? And two, do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than you are while you are here. Think about it. I want to challenge you to start setting some goals, but remember if a goal is not in writing, it is simply a conversation. It must be in writing and it must have a deadline. Here are a few guidelines for setting goals. Oh, by the way... you need a will also.

Goals Must be Specific

I want you to be specific and include details but start rough. When you start rough for example, you want a Mercedes. You do not have to get into the details about what color, what options, that sort of thing, just write it down. Make your list huge, what kind of home do you want, what you want for your family, college education, spend more time, travel, anything you can think of. You can come back later and prioritize them and set them up as to what you want in one month, three months, six months, twelve months, then three, five, ten, twenty, thirty year goals. The more goals you have, the happier you will be, the longer you will live, and the more prosperous you will be.

Goals Must be Believable

Remember this, your goals must be believable, by you, or you will not pay the price. They must be believable, they must be just out of your reach, but you must know you can reach them, if you really strive to do it.

Goals Must be Measurable

You cannot set a goal to be financially independent. There is no way you can measure that. You need to set a goal for the amount of income you want per month, per year, the amount of equity that you want in properties - one, three, five, ten and twenty years. It must be measurable. That way you can break it down to what I call "reduce it to the ridiculous". If you know you want to earn $100,000 a year, you know that is $8,333 per month. That's just one deal a month where I live. One of the things I have learned is, successful people set their goals quickly and they make adjustments as they go along. Just like successful people make decisions quickly, they do not vacillate in indecision or what I call sometimes; get mixed up in a funk of negativity.

Goals Must be Congruent

Your goals must also be congruent with your actions. You cannot set a goal to work harder, longer hours AND a goal to spend more time with your family. Those are not congruent. They must be congruent with your actions.

Visualize What You Want

Another good thing that will help you with your goals is to visualize what you want. If you see yourself as already having achieved the goal, you will fake out your mind and your mind sees the goal as already having been achieved. It's called "fake it till you make it". I used to do this all of the time. Just take a minute or two each day and think about life as it is with your goals already accomplished. It's really easy when you get used to it.

Work Your Goals

The next thing you want to do is work your goals, work on the priority that moves you closer to your goals every day.

Number Your Goals

Number your goals in the order of importance. Not only is the goal important but so is the reason. Sure your want a car, but why do you want the car? Sure your want more money, but why do you want money? You want to be able to spend more time with your family, you want to be able to travel, you want to buy a Hummer, and you want to have an ocean front condo or send your children to the best college. Whatever it is, the reason must be there. The reason is more important than the goal itself.

Review, Monitor and Make Adjustments

Another thing you need to do is review, monitor and make adjustments on your goals. You have to be flexible. Some things are not going to happen, you have to face that; but you need to continuously strive to get better every day. If you will work harder on yourself than you do on your job then you will always be growing. Remember that last sentence and write it down as it is worth repeating.

The Goals Must Have a Deadline

As I mentioned first, your goals must have a deadline. A goal without a deadline is just a conversation. When beginning to set your goals, I want you to set your goals in four basic areas:

Financial

You will set goals based on income, equity or net worth and cash flow. All of these are financial goals.

Fitness

This is your health. If you don't feel good, chances are that you are not working at your maximum capacity. So, I want you to set some fitness goals to stay healthy. Remember "an apple a day"? What if this is right and you are not doing it? Start small though, you don't try to tackle all of these at once; but you need to be healthy not only for you but for your family as well.

Family

Set family goals. What is an example of a family goal? Maybe you want to take four vacations a year. Maybe you want to visit a new state, three times a year or five times a year. Maybe you want to go see the Grandparents two or three times a year; but maybe not. Anyway, you get the point.

Faith

You need to set some spiritual goals, some faith goals. I am not going to get into a lot of detail about that but that will help you along your way. Remember, if you slip in one area of your goals, you are probably slipping in some other areas. Another thing I want you to think about is the people you associate with. Take a minute and think about this. If you think about your ten closes friends annual salary and divide it by ten, then that is pretty close to what you make. I'm not telling you to get rid of your friends, all I'm saying is whom you associate with, is who you are like, so please keep that in mind. Don't get rid of your friends, just get some more that are where YOU want to be financially. Most of the people I hang out with now, we all make over $500,000.00 a year. That just blows me away. I never imagined I could make that kind of money…. Well I guess I could, as we are talking about goal setting and visualization aren't we? Thanks and I look forward to working with you.

Advice For Buying A Property At

Advice For Buying A Property At Auction

by Jason Sands

Buying property at auction is a pleasant change from the conventional methodologies but at the same time it is equally important to carefully bid property at an auction. There are few basic guidelines to consider when buying properties at auction. Before getting started search for appropriate auction house listing properties you are interested in and request for their catalog. Auction houses generally organize regular auction sales with printed catalogs few weeks in advance. Subscribing to catalog mailing list is another option. This will give you an overview for the motive behind the property is being sold and the mortgage details of the property. Read the catalog carefully and go through each and every detail provided. Mark all the properties you are interested in buying.

It is always recommended to attend an auction as an observer to get the real feel and to understand its modus operandi. Request from the auction organisers for the auction pack and the auction you have decided to attend. The auction pack encloses information like the title deeds, seller's information form, local authority and environmental searches, lease details in case of leasehold property. In addition to the legal checks it is important to visit the property in person. Research on the property intensively and inquire through neighbors and local estate agents. Hire a qualified property advisor to carefully examine the property for spotting structural problems. After you finished the survey of the property crosscheck with the descriptions provided in the catalog.

The next step involves carefully planning the accurate costs. It is important to consider additional costs as costs of survey and legal advice, finance arrangement fees, stamp duty, remodeling and renovation costs, buyer's premium if any. These costs if not considered might consume most of your margin and in worst cases you might end up paying from your own pocket. Carefully read all the contract and auctioneers terms and conditions mentioned in the catalog. Minutely examine all the details or seek legal advice from a solicitor or a chartered surveyor. Get the money required for deposit arranged in advance. You are required to pay 10% of the cost of the property on the auction day when the contracts are signed and remaining balance to be paid in full within 28 days. If you need mortgage assistance it is wise to plan ahead or you might end up losing the 10% deposit in event of non-payment of the required amount within 20 working days.

Allocate a fixed budget for yourself before entering the auction room. Be firm and decisive on how much you are willing to spend and do not get carried away by emotions in heat of the moment. You can also appoint an auctioneer or a solicitor to do the bidding for you. On the actual day arrive well in advance and get a nice seat for yourself so that the auctioneer can easily acknowledge your bidding signal. Keep your eyes open to your surrounding and carefully listen to the opening announcements. You are also required to carry a couple of identification papers and a cheque to cover the 10% deposit.

Buying a property at an auction can be fruitful if you sincerely follow the basic strategy. You might end up buying the best property at almost nominal price.