Have full control over your property buying and selling process

The better your property selection, where you buy, what you buy, how well you negotiate and how you finance your property investment, the better your returns could be.You can buy it with someone else’s money too. Sure you need some of your own money. I don’t believe in nothing down deals, but the ability to use leverage with real estate significantly increases the return on your investment capital and, importantly, it allows you to purchase a substantially larger investment than you would normally be able to.Property is a great investment because you make all the decisions and have direct control over the returns from your property.Property investors are able to take advantage of a range of tax benefits including tax deductions and depreciation allowances. And there are hundreds of ways you can add value to your property, which will increase your income and your property’s worth.Even if you bought the worst house at the worst possible time, chances are that it would still go up in value over the next few years. History has proven that real estate is possibly the most forgiving investment asset over time. If you are prepared to hold property over a number of years, it’s bound to rise in value.There’s really no other asset class quite like property. And with a new property cycle working its way everywhere, I believe you should catch the property wave too.

January is not typically a busy time for the property market, but if you are thinking of putting your home up for sale in the spring it is worth starting to get everything in order. With the vast majority of sellers still entrusting the sale of their property to a traditional estate agent, choosing the wrong one means you could be stuck with them for weeks. So take some tips in order to sell your property fast and hassle free. Like start selling before you start buying. Would you accept an offer from a buyer whose own property is not on the market? By all means, get an idea of what you’d like to buy; ensuring your moving plans are viable, but before you start making offers, you really need to be sold subject to contract. Estate agents rarely recommend their clients accept an offer from a buyer with an incomplete chain. A rare exception is where a homeowner with a highly saleable property, perhaps one in the catchment of a popular school, is selling to buy in the same area. In this case the seller can afford to sit tight and will probably find an estate agent very keen to offer good terms to get their property on their books.

Get All The Property Documents Ready Before You Sell Your House

When you sell your own house, get a checklist of certain documents prepared. A buyer may not insist on all the documents but if he is planning to avail of a housing loan, then the bank will insist on the smallest document related to the house. Hence, it is always better to do a document check before you start negotiating with potential buyers. The most important documents required to sell a residential property are the housing society share certificate and the sale/ purchase deed. The sale deed will confirm the land/flat is on your name (the seller's name) and only you have the full right to sell the land/flat. You need a copy of previous deeds if you have also bought it as a resale property.The previous deed/deeds are required to confirm the authenticity of the deal and the property. You also need original copies of the stamp duty and registered house documents. The seller will also require a no-objection certificate (NOC) from the housing society. In case of joint ownership, the owner/owners have to submit documented consent from the joint owners. Homebuyers insist on these documents if they are opting for a housing loan. Apart from the title clearance and NOC, the precise details regarding the age of the building, the floor plan, the carpet and built-up area, the conveyance of the society, car parking status, land title (free hold/lease hold/collectors land) and transfer charges of the building and the apartment need to be attended to.

Often houses which are 30 to 40 years old may not have proper registration. There have been announcements for homeowners to update the required paperwork. If you have not completed the required procedure, you should ideally pay off the outstanding stamp duty and file for a registration. "In the case of a missing share certificate, the intending seller should request the housing society to issue a duplicate copy. If the sale/purchase deed and/or chain of agreements /deeds are misplaced, an indemnity bond needs to be furnished by the seller along with a confirmation letter from the housing society.Similarly, if the original copy of stamp duty and registered house documents are unavailable, an indemnity bond must be furnished by the seller. In any case, the deed must be registered after paying up the valid stamp duty. A public notice will also have to be issued. But remember you cannot sell the mortgaged property. Borrowers tend to take the payments in tranches and pay off the loan from one such instalment. But if the buyer insists on 100% paperwork before he pays the first instalment, then you cannot carry forward the deal if you are servicing the loan.

Get Your House In A Perfect Shape To Sell It Fast

A home inspection is quite important in avoiding complications during your sale. The seller will get an inspection, but discovering problems during a pre-sale home inspection allows you to have more control over how to handle them. If your home inspection does uncover problems with your home, it is essential that you familiarize yourself with your state’s disclosure laws to avoid future litigation. These laws vary from state to state, but they generally require you to disclose, either verbally or in writing, the presence of any hazardous materials in your home or significant flaws in construction. If you’re unsure of what you have to disclose, consult a real estate agent, attorney or your local housing authority.Remember, patience is the key. Yes, it is true that realtors express concern that homes can go “stale” after being on the market for too long, meaning they are no longer attracting interest from buyers. But a stale sale usually results from a seller overvaluing his or her home. The opposite can also occur: in a rush to sell a home, or to sell in time so as to move into a new house, a home can be undervalued. Finally, if you are able, try to put your home on the market as long as possible before buying a new one. Otherwise you may end up paying two mortgages, which can be difficult to afford. If you do end up finding a house that you can’t wait to buy before selling your own, you can ask your lender for a bridge loan. A bridge loan is a special type of loan that, if you have enough equity in your current home, allows you to pay the down payment on a new home. You may also be able to get a home equity loan in order to help with the dual mortgage payments.

Now, if you have ever been in a situation where you need to sell your own house fast, you know how frustrating it can be. Day after day, you hope the perfect buyer will come along and make a great offer.Fortunately, there are ways to speed up the sale of your home, without sacrificing profit. For example, nothing is more important than a first impression. So consider what a potential home buyer may think as he or she drives up to your property for the very first time.Walk out into your street and look, and I mean really look, at your home to see its shortcomings and then work on them.