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RE/MAX Realty Review May, 2014
From the Chairman’s desk
The modi-fied era has begun and we can see sentiments changing slowly for the better! The month of May saw me speak at various Real Estate conclaves where all talks were centered around ‘Our Wishlist’ from the new government, most of us speaking touched upon the very same points which predominantly revolved around the implementation of RERA, licensing & education for Brokers, FDI, REIT, single window clearances, affordable housing and so on. The wish list is tall and all we would want is for the government to start with a few and then move to covering all the points where the key to success will lie in implementation and delivery and not just deliberation. The month of May saw some great development in the RE/MAX network with our Broker Owners from RE/MAX Delhi NCR, Manish & Monika Patni taking over the regional ownership of RE/MAX Rajasthan 1! I would like to not only congratulate the two of them but also thank them for taking this leap of faith which will surely take their business to the next level. In RE/MAX, your growth opportunities truly know no boundaries and this development is a testimony of that!
Two months into the new financial year, we are seeing a lot of activities for franchise sales in all our regions and we at RE/MAX India and all the Regional Owners are committed to expand the network for all our Franchise Owners & Broker Associates. The newsletter this time has snippets of all the activities which will give you an insight on all the work being put in. I urge all our Franchise Owners to take cues from all their Regional Owners as you will be able to learn some great ideas from them which you could use for Agent recruitment. I am hoping that each one of you have your goals for 2014-2015 that you committed to at the last RE/MAX Realty Rendezvous in Goa handy and those goals are dictating your monthly activities! Wish all of you all the very best, RE/MAX India & the RE/MAX regions are committed to help you become successful! Cheers! Regards Sam Chopra
Content: __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1) From the Chairman’s Desk 2) From the Vice Chairman’s Desk 3) Events to Look Forward to
4) News from RE/MAX India 5) Update on the Franchise Sales Activities 6) News from RARE
7) What’s new in Marketing & Social Media 8) Press Buzz 9) News from the Regions
10) News from RE/MAX, LLC 11) RE/MAX Anniversaries of the Month 12) Heroes of the Month
13) Top Listings 14) Realty Bytes 15) New Broker Offices & Broker Associates
RE/MAX Realty Review May, 2014
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From the Vice Chairman’s desk
Heartiest congratulations RE/MAX Realty Solutions (North Gujarat), RE/MAX Ace (Hyderabad), RE/MAX Complete Solutions 1 (Delhi NCR) and RE/MAX Solution Specialists (Delhi NCR) for celebrating the completion of another year with RE/MAX, wish all of you many more years of success and happiness with RE/MAX. The month of May has seen some great action at the Franchise & Agent level and we have for you the top recruiters & transactors being showcased for their splendid performance in this newsletter. On behalf of all of us at the Headquarters, I would like to congratulate the winners for continuing to do us proud! Our team at the Headquarters is always working to bring forth ideas and tools to help make the RE/MAX business more successful for each one of us, one such initiative is the sharing of a weekly update of the inventory available across the length and breadth of the country where RE/MAX has a presence in order to help Agents do Cooperation & Referral based business with each other. I hope that each one of you gets these updates and are making use of all the information being shared. It is a matter of great pride that the RE/MAX Academy of Real Estate successfully launched its 3rd batch for its Agent training course
Called “The Agent training program”. We are already seeing the fruits of the great platform for training and networking that this two months training program provides through the testimonials and the cooperative business being conducted amongst the Agents. I would like to make a special mention of RE/MAX North Gujarat for successfully launching their first batch of the Agent training program and we wish them success for all their future batches. We have put together information from the International & National Headquarters as well as the regions; I hope you find the newsletter both informative as well as an interesting read. Have a great month ahead! Regards
Saloni Chopra
Events to look forward to in June!
RE/MAX Realty Review May, 2014
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RE/MAX Realty Review May, 2014
www.remax.in or Call us at +91 9654965001
News From RE/MAX India
RE/MAX truly offers boundless opportunities!
RE/MAX India takes immense pleasure in sharing with all of you some great news that will surely be penned down in the history of RE/MAX in India! In what has turned out to be one of the best testimonials that the power of RE/MAX has received in India, we now have successful Broker Office Owners taking the leap of faith and moving to newer horizons and taking greater responsibilities at a Master Regional Franchise level. We would like to congratulate Manish Patni (Hall of Fame recipient) & Monika Patni for taking over the Regional ownership of RE/MAX Rajasthan 1! Having learnt and been successful in running the RE/MAX business as Franchise
Owners and Agents, the dynamic husband-wife duo are all set to take the Rajasthan 1 belt by a storm.
We would like to wish the two of them all the very best and we are very sure that with their experience and success at the Broker Office level, they will be successful in taking their RE/MAX business at the regional level “Above the Crowd”! Special mention of Puneet Verma and Anmol Aggarwal for helping them make this important decision and helping them take this leap of faith. Congratulations to all of you!
RE/MAX Realty Review May, 2014
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Update on Franchise Sales Activities
With all the regions busy prospecting and offering Franchise and Agent Opportunities to people in their respective regions, we would like to update you all with the Franchise Sales Activities of the regions. We are very sure that with these winning formulas and accelerated growth patterns being followed, all our regions will definitely achieve their objectives and targets set during the Regional Owner Review Meet at the 5th RE/MAX Realty Rendezvous.
RE/MAX India
Online Sales Training Webinar: Manpreet Grewal, Regional Director RE/MAX India organized a two hours online training session explaining how to give a “60 minutes with RE/MAX” sales presentation for which the currently used “Changing trends in Real Estate” presentation was used. The online training session was centered around helping all the franchise sales people in attendance understand how to give a presentation and capture the audience’s attention through live examples. The session was then followed by a Q & A round.
RE/MAX India would like to thank the attendees for their participation and we are hoping that they had some good take away from the session. We are very sure that the discussions and thoughts put forward on the various queries would have definitely enriched their knowledge and would prove useful in their Franchise Sales Activities. We would be looking forward to more of such active participation from our all regions in all our future sessions!
RE/MAX Delhi NCR
Discovery Day: With a strong focus on Franchise Sales, the regional team of RE/MAX Delhi NCR along with the Regional Director, Sahil Kapoor conducted two discovery days at the National Headquarters showcasing the RE/MAX concept and the Changing Trends in Real Estate Industry to a good number of potential franchisors attending the sessions. The regional team also participated in the various training sessions organized by the RE/MAX Academy of Real Estate. With the franchising business being the second fastest growing industry in India and the team dedicatedly putting in efforts to reach out to a maximum number of potential franchisors, RE/MAX India would like to wish the team all the very best for their success!
RE/MAX Realty Review May, 2014
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RE/MAX MGM
FRO Participation: The Regional team of RE/MAX MGM along with the Regional Owner Manan Choksi participated at the FRO in Mumbai. RE/MAX Mumbai conducted a Road Show with three slots which saw a good turnout in all the three sessions. All the three sessions saw the Regional Owner, Manan Choksi presenting with testimonials from Nirav Vakharia (Broker Owner), Shreya Mody (Broker Owner) & Jigar Shroff (Broker Associate), the overall turnout was 140+. Having met a good number of prospects at both the shows, RE/MAX India would like to wish the region all the very best in increasing their network!
RE/MAX CHHATTISGARH
Road Show: The regional team of RE/MAX Chhattisgarh conducted a Road Show in Durg with two slots which saw a good turnout of 100+ attendees. The show had presentations made by Uma Sharma & Ashish Mehta (Franchise Sales Consultant’s) with a testimonial by Dushyant Sahu (Broker Office Manager). The super enthusiastic team was successful in its attempts to be able to reach out and lure a good number of interested potential franchisors and RE/MAX India is very sure that the region will grow and be successful in its path of accelerated growth. RE/MAX India would like to wish the team all the very best for exploring all these franchising opportunities!
RE/MAX SOUTHERN KARNATAKA
BOS Participation: The regional team of RE/MAX Southern Karnataka along with the Regional Owner Sumanth Gopinath participated in two Business Opportunities Shows conducted by Franchise India in Mangalore & Mysore presenting RE/MAX business opportunities to everybody who walked in enquiring about the different opportunities available. RE/MAX India would like to wish good luck to the region and hope that all the efforts put in prove fruitful with the region growing in terms of the Broker Offices and Associates in the region.
RE/MAX Realty Review May, 2014
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RE/MAX REST OF ANDHRA PRADESH
BOS Participation: The Regional team of RE/MAX Rest of Andhra Pradesh along with the Regional Owner Balajee participated in Business Opportunity shows in three cities namely Nellore, Vijayawada & Rajamundry.
With the dynamic RE/MAX representatives in the region participating in three cities in one go, RE/MAX India is very sure that RE/MAX will definitely have an increased presence in the region.
RE/MAX India would like to wish the team all the very best and the increased dedication & enthusiasm by the region will surely have the network expanded and well established!
RE/MAX GREATER VISAKHAPATNAM
BOS Participation: With the Business Opportunity Shows being one of the leading business forum for a franchisor, the region of RE/MAX Vizag kick started their journey with RE/MAX by participating in the show in Vishakhapatnam along with the Regional Owner Praveen K Balaram and the Regional team. The team was supported and guided by Balajee, the Regional Owner of RE/MAX Rest of Andhra Pradesh. RE/MAX India would like to wish all the very best to the regional team!
RE/MAX Realty Review May, 2014
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RE/MAX Academy of Real Estate Certifies Its Third Batch of the “Broker Associate Management Training Program”
Dedicated to the aim of creating leaders in the Indian Realty Sector,
RE/MAX Academy of Real Estate certified its third very enthusiastic
Batch of Broker Associates, wherein all the trainees got benefitted by
a sound understanding of the real estate sector and gained
specialized knowledge of the property laws, market operations and so
on. The training program comprised of a blend of powerful and
persuasive presentations designed not only to raise the standard of
real estate practices in India but also to give the Associates sufficient
knowledge to advise the clients confidently, thereby meeting their
expectations.
Using methodology like lectures, powerful presentations, special
sessions group work, practical assignments and so on, RARE puts in
all the efforts to make the trainings innovative and one of the best experiences in the career of our Associates.
Covering minor details like market-specific knowledge to knowledge on how to effectively use Social Media to enhance their
marketing, the course at RE/MAX Academy of Real Estate aims at shaping the knowledge and skills of our Associates and thus lays
a strong foundation of building “TOP PRODUCERS” in the Indian Real Estate sector. It not only makes them professionally qualified
but also tells them exactly what they need to do to prosper!
News from the RE/MAX Academy of Real Estate
National Webinars
With the belief of creating and offering learning opportunities for everyone in the network, RARE uses online webinars as one of their most preferred mediums for imparting training that can be accessed across the nook and corner of the country by all our Affiliates. The month of May had webinars on topics like “Property Listings & Transaction Reporting” and “Social Media Webinar” by Peeyush Rohilla, Head Technology and “It’s All about Sales” by Sahil Kapoor, Regional Director RE/MAX Delhi NCR wherein both experts in their domain shared valuable information, giving all the attendees some food for thought in terms of the innovative and the best practices for in terms of Sales and Online Media.
Stay tuned and block your dates based on the monthly event
calendar for the coming webinars in the month of June!
RE/MAX Realty Review May, 2014
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Testimonials on BAMT
Thanks for introducing me to the BAMT program. In
just five days of training, the team took me to the
whole new world of RE/MAX Real Estate business
model.
Cheers to Sahil Kapoor, Manpreet Grewal, Peeyush
Rohilla and Vikas for sharing the powerful
presentations during the training sessions. Also the
documentation by Mr. Patni was very knowledgeable.
I have so much to work on but the knowledge and the
technology tools I have learnt will be with me on my
journey as a Real estate Consultant.
Shantnu Malik
I would like to extend my thanks to each one of you from the
bottom of my heart and would also like to thank for the
support and knowledge everyone shared gracefully.
I would like to specially thank Shikha Abrol for the back end
support, Manpreet Grewal for motivating and making us
more confident, Manish Patni for sharing his personal
experience on Documentation, Sahil Kapoor for sharing
insight on selling techniques, Peeyush Rohilla for making us
comfortable with technology and Vikas Tawar for updating
us on Master Plans. Each one of them was excellent and
brilliant in their own respects. Not to miss I would like Thank
all my fellow partners without them and without their
knowledge share and discussion this training would have
been incomplete.
We will make this partnership everlasting and continue to
share knowledge and extend support. Last but not the least
I endeavor to do business with each one of you.
Aman Duggal
I would like to express my appreciation for the
power packed workshop about RE/MAX Business
Model, selling skills as Business Associate
shared with us during these five days’ work
period at the RE/MAX Academy of Real Estate. I
found our training session very important for our
Real Estate Industry. You have shown us more
available resources which will help enormously
to become true Real Estate Consultants. Thank
you for your time, we feel more comfortable &
confident to use RE/MAX Technology.
Rajeev Aggarwal
I am feeling convinced
and motivated that I CAN
DO REAL ESTATE!
Subhash Chugh
In the training
program, I got
what I had
expected before
joining RE/MAX!
Prabhakant Halkatti
The Agent Training Program was excellent, energetic and value adding.
M. S. Bartwal
RE/MAX Realty Review May, 2014
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Check Out What’s New in Marketing and Social Media at RE/MAX India
Weekly update on inventory available across the network!
In order to work towards achieving our aim of helping you make your “Network your Net worth” (which was also the theme of the last convention), RE/MAX India now shares the New Listings from across the network with all the Affiliates on a weekly basis so that you are up to date on the latest inventory available within the network.
More listings – More Showings – Faster SOLD listings – More Satisfied Clients – More Referrals – More Sales –
MORE MONEY! It all starts from LISTINGS and MORE LISTINGS! So let’s work together towards increasing the number of listings and connect with your Regional Administrators to get trained on LISTING. You can also mail directly to Peeyush Rohilla at [email protected] for all your queries regarding the same. Happy Listing!
RE/MAX Store
With store brands representing a better selection, value and savings to the shoppers, RE/MAX India has introduced a new section on its website, www.remax.in with the name RE/MAX store that will offer a selection of more than 200 premium RE/MAX branded products made available within 2 weeks from ordering online. Setting up a state of the art e-commerce platform, the Brand Store will allow you to offer gifts and promotional premiums branded with RE/MAX logo to everyone & anyone with just a click of a button!
So what are you waiting for... visit www.remax.in and explore this new section and make a SMARTER CHOICE! FOR MORE DETAILS ON THIS, PLEASE CONTACT: Shikha Abrol at +91 9654965025 or mail at [email protected]
Press Buzz – RE/MAX in the News!
RE/MAX Realty Review May, 2014
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PUBLICATION: THE INDIAN EXPRESS
PUBLICATION: THE INDIAN EXPRESS
RE/MAX Realty Review May, 2014
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PUBLICATION: THE HINDU BUSIENSS LINE
PUBLICATION: HINDUSTAN TIMES
PUBLICATION: HINDUSTAN TIMES
RE/MAXRealty Review May, 2014
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PUBLICATION: THE FINANCIAL EXPRESS
LINK:http://www.financialexpress.com/news/open-house-a-new-concept-in-indian-real-estate/1253105
News from the Regions
RE/MAX Realty Review May, 2014
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RE/MAX Delhi NCR RE/MAX MGM RE/MAX India would like to congratulate the region of RE/MAX Delhi NCR for their continued success in expanding their network in the region by associating with Atul Aggarwal as the Broker Owner of “RE/MAX Landmark Realty”, we wish the Broker Owner all the very best for his new beginning and wish him a lot of success! The regional team has had a busy month prospecting and conducting Discovery Days offering Franchise & Agent Opportunities in the region, all the best for gaining a stronger foothold in the region!
RE/MAX MGM certified its very First batch of the “Broker Associate Management Training” at their Regional Headquarters in Ahmedabad in the last week of May. The training had 8 enthusiastic Affiliates from 3 Broker Offices in attendance who were very determined to implement the training in their day to day working. The region would be would be starting the Follow-up Agent Training in the coming weeks and RE/MAX India would like to wish the team all the very best for making this training program successful!
RE/MAX Chhattisgarh
With Franchise Development being a major contributor to the success of any region, the development team of RE/MAX Chhattisgarh is all set and in action with its Development strategy of training and mentoring the Regional Staff, Broker Offices and their staff as well as the Associates on various developmental fronts. The region took a lot of initiatives in training all the three level of Affiliates by conducting real estate training sessions both in-house as well as by having sessions by special speakers not only to update their knowledge on Real Estate but also to motivate all the Affiliates in the region. The sessions turned out to be a great success as they had a participation and were very well absorbed by the attendees. RE/MAX India would like to wish the team all the very best and hopes that all these initiatives prove fruitful for the region!
RE/MAX Realty Review May, 2014
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RE/MAX Punjab With a business plan of generating business not only nationally but also internationally, the month of May saw Mr. Chawla, the Regional Owner travelling to Canada to conduct a series of events and seminars in Canada aimed at offering franchise opportunities as well as investment opportunities in India for NRIs . The seminars saw a very good turnout, we would like to wish the Region all the very best for reaping returns on these efforts!
THE DIFFERENCE MAKERS : FANK POLZER & WALTER
SCHNEIDER RECOGNISED AS THE MOST INFLUENTIAL CANNADIANS IN REAL ESTATE
BROKER OWER CONFERENCE, 2014!
The Broker Owner Conference for the month of August is on the 17th to 19th August, 2014 at San Francisco, California. The event will be a mix Professional Training Courses & Social Events with special sessions like “The Seven Habitsof Highly Effective Brokers”“The Power of Pinterest & Instagram” “The Keys to Profitability” “Real Estate Across Cultures” “New ways to Recruit Agents” “Recruit & Retain through Social Media” “Coaching Your Team to Greatness” “Lead Generation - What Works Best” “Think Beyond Residential - Think Commercial “and so on…. The event will also have Dave Liniger, Margaret Kelly, Shawn Achor and Terry Watson as the featured speakers for the various other sessions. It will have attendees from the world- wide RE/MAX Network and the registrations for the same haveal ready begun. SO HURRY UP AND BLOCK YOUR DATES FOR THE MONTH OF AUGUST!
Link: http://www.remonline.com/difference-makers-frank-polzler-walter-schneider/
Link: http://public.remax.net/public-news/Pages/BOCRegistrationBeginsTomorrow.aspx
News from LLC
RE/MAX Realty Review May, 2014
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RE/MAX Anniversaries for the Month
RE/MAX India owes it success to each one of its Franchise Owners & Broker Associates and we would like to take this opportunity to extend heartiest congratulations to the below mentioned offices for completing another year with RE/MAX! Thank you for being a
part of the RE/MAX family, we wish you continued success and many more years of strong association with us!
Name of the Region Office Name Owner’s Name Number of Years
RE/MAX North & South Gujarat RE/MAX Realty Solutions Harit Parikh & Nirav Vakharia
3
RE/MAX Delhi NCR RE/MAX Solution Specialists Yuvraj Singh Shekhawat&
Tarun Mehrotra 2
RE/MAX Rest of Andhra Pradesh & Hyderabad
RE/MAX ACE Sunil Kumar Singh 2
RE/MAX Delhi NCR RE/MAX Complete Solutions 1 Sukhjinder Singh &
Harish Magon 1
Heroes of the Month
Reader of the Month
RE/MAX Realty Review May, 2014
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CK Taneja RE/MAX Haryana
Deepti Shukla RE/MAX Chhattisgarh
Top Listors
Parvesh Girgla RE/MAX Aad Realty
Sandeep Pandya RE/MAX Dreamz
MK Dudeja RE/MAX Edge
Top Recruiters
#2 #3
Anoop Nahar RE/MAX Highrise
Realty
Rajeev Raghav RE/MAX Dreamz
#1 #2
#1
RE/MAX Realty Review May, 2014
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Top Transactors
Ketan Vora RE/MAX Innovest
Top Listings
Description: 3 BHK with built up area of 1600 sq. ft. Semi-furnished, Hi- quality fittings& fixtures & modern amenities like Gym, Power backup, Landscaped garden.. Broker Associate: Parvesh Girgla Broker Office: RE/MAX Aad Realty Region: Ahmedabad, Gujarat
Description: Spread over 56 acres, this villa community has around 261 villas in three different configurations- 6 BHK, 5 BHK & 4 BHK & a mixture of Classical & Modern style villas. Broker Associate: Sandeep Pandya Broker Office: RE/MAX Dreamz Region: Ahmedabad, Gujarat
Description: Jaypee Green Kube, Size- 1740 Sq. ft. 7th Floor, Park & Sun Facing. Added features of Exterior views, Swimming Pool, Pool Indoor, and Gymnasium. .. Broker Associate: M K Dudeja Broker Office: RE/MAX Edge Region: Noida, Delhi
Description:Office Space Available& is a one-stop shop for business networking Office on RENT @ TITANIUM CITY CENTRE PRAHLADNAGAR. Broker Associate: Jigar Pandeya Broker Office: RE/MAX Corporate Services Region: Ahmedabad, Gujrat
Munish Gupta RE/MAX Dreamz
Rahul Jain RE/MAX Realty
Solutions
http://www.remax.in/505026004-696 http://www.remax.in/505034006-50
http://www.remax.in/504047003-44 http://www.remax.in/505037001-385
RE/MAX Realty Review May, 2014
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Realty Bytes
Tax on Sale of Property in India:- Guide to All Taxes
At the time of any real estate transaction, there are several taxes on sale of property. Some of these taxes on sale of property are to be borne by the Buyer and some are borne by the Seller. Moreover, there are some taxes on sale of property which are levied country wide and there are some taxes on sale of property which are levied on specific states only. The taxes levied on sale of property are:- 1. Capital Gains Tax 2. TDS @ 1% 3. Service Tax on Property 4. VAT on Property 5. Stamp Duty on Property 1. Capital Gains Tax on Sale of Property Capital Gains Tax is levied on the profit/capital gain that arises at the time of sale of property. This tax is to be paid by the seller of the property and is required to be paid by all taxpayers irrespective of the state in which the property is situated.
Sale Price xxx
(Less) Cost of Acquisition (xxx) (Less) Cost of Improvement (xxx) Capital Gains Tax xxx
If the property was held by the seller for a period less than 3 years, tax would be levied as per the Income Tax Slab Rates of the Individual. If the property was held for more than 3 years, Capital Gains Tax would be levied at the rate of flat 20%. In case of Long Term Capital Gains, benefit of Indexation would also be allowed to the seller of property. In case of Long Term Capital Gains, if the seller reinvests the amount in specified investments, he can also avail of exemption from Capital Gains Tax. 2. TDS @ 1% on Sale of Property With effect from 1st June 2013, the buyer of property is required to deduct TDS @ 1% from the amount payable to the seller.
This amount is then required to be deposited by the buyer with the income tax department. The buyer does not have to pay this amount from his own pocket. This amount of TDS @ 1% is required to be deducted from the amount payable to the Seller. TDS on Property is required to be paid by all taxpayers irrespective of the state in which the property is situated. However, TDS on Property @ 1% is only applicable if the transaction value if more than Rs. 50 Lakhs. 3. Service Tax on Sale of Property If the property that is being sold is an under construction property, Service Tax would also be required to be paid on such property. This Service Tax component is only required to be paid if the property is under-construction and not in case of fully constructed properties. The effective rate of Service Tax on property is 3.09% or 3.71% depending on the size of the property and the transaction value. Service Tax on sale of property is required to be paid by all taxpayers irrespective of the state in which the property is situated. This Service Tax is required to be paid by the Buyer to the Seller who in turn deposits it with the Govt. 4. VAT on Property As VAT is a state level subject, some states levy VAT on sale of under-construction property and some states don’t levy any VAT on sale of under construction property. VAT is required to be paid by the Buyer to the Seller who in turn deposits it with the Govt. 5. Stamp Duty on Property At the time of transfer of title of property and registration with the Govt, stamp duty is required to be paid on property. The rate of stamp duty differs from state to state. Some states also give a concession in case the new owner of property is a female. Link: http://www.charteredclub.com/tax-on-sale-of-property/
RE/MAX Realty Review May, 2014
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3 POWERFUL BUYING FOREVER QUESTIONS REVEAL YOUR FOREVER HOME
When your "Forever Home" speaks to you, what will it say about your future together? How will you recognize your "Forever Home" when you see it? Finding a house or condominium to love forever, is much like searching out a person to love forever: You can't force it. You won't know if it's the first or the fiftieth property you see. It may happen with a rush of familiarity as you cross the threshold - love at first showing - or it may be a growing realization as you explore every corner after several visits inspecting the home with family and professionals like a home inspector, contractor, or interior designer. Falling in love or being in love with the neighborhood may be your top priority, so then you'll search out the property which requires the least number of compromises for long-term living. Whether "home" jumps out at you, or the lasting connection comes on more slowly, you'll be successful at recognizing this new headquarters for your life - and maybe your work - if you invest time deciding exactly what you mean by "Forever Home." Experienced real estate professionals are a great resource here as their stories of faulty first impressions and amazing connections with real estate will transform you into an insightful "forever" buyer. Ask questions and relate the answers to your specific situation and long-term goals.How Do You Define "My Forever Home"? Consider the following 3 powerful Buying Forever Questions to discover your definition of a long-term residence, on any time line that matters to you. 1. What is it about the house or condominium that will make you, and those you love, want to stay forever or at least for a very long time? Set priorities for your search: • Which location is preferred and why? Proximity to schools and work are popular criteria, but with home schooling and home-based businesses on the rise, what else do you want to be close to? What will matter once the children move out? Rate conveniences including what's within walking distance, what's in the neighborhood, what's a short drive away... good, bad, and indifferent. Buy the best location you can afford and compromise on features that can be changed or are less important to you. • Which neighborhood do you dream of belonging to? If you're in for the long haul, go for the enclave at the top of your list or pretty close to it. You can consider the growing edge of this area, that's the streets that are now outside that neighborhood but that will naturally be engulfed as it grows. Buy the best neighborhood you can afford when you're in for the long haul to reap the greatest amount of appreciated value, and to assure neighborhood sustainability and growth. • What property orientation to sunrise and sunset is important in your life? Are solar energy possibilities important to you or might they be in the future? • What size and style of structure do you lust after? Broaden you search in this category by including houses that can be renovated or enlarged to achieve your ideal size and layout.
2. What is it about the home that will provide flexibility as your life, work, family size, goals…and the neighborhood change over time? Imagine a series of outcomes for your future: • Are there options with layout and room size which will allow some shuffling if more children or live-in relatives arrive, or if children leave home and relatives go solo? • Is the decor right on trend? • Telecommuting, or working from home, and home-based business are both on the rise, so consider how you'd adapt your home if this was an option or a necessity. • What mobility barriers are there and could home modifications cost-effectively overcome them if necessary? This may or may not be in your future, but if challenges arise for any family member would this force a move? For instance, is there room to ramp entrance stairs or add a lifting device? Sunken living rooms (one or two steps down) can be an expensive barrier to overcome. Check large closets and alcoves to see if an elevator could be added if needed. 3. Can the home become a financial partner in your future if the need for more income arises? Explore a range of alternatives: • Is renting out part of the home or taking in a boarder a practical option for initially affording the house or condominium? Buying the best location you can afford may include boosting your income this way until the mortgage is paid down to manageable levels. • Consider the possibility that you may want adult children, relatives, or care givers to share your home at some point. You may also decide on spending months at a time traveling or living elsewhere. Would the layout allow a separate suite for them - or you - to be easily constructed in the home? • Is the home relatively-low maintenance or could it be? Consider long-term maintenance costs for the condominium facility (You pay your share of new roofs, garage repairs, and other big costs after all). Rising taxes and monthly condominium fees should also factor into long-term affordability calculations. • Is this an energy-efficient home or could it be, so that expenses remain on budget as energy costs climb? • Does the location and type of building typically qualify for home equity conversion options like reverse mortgages? If "forever" is the plan, at some point you will want to start "spending the equity" since you can't take it with you. Compare this "Forever Home" list with your current home-buying criteria. Too often buyers, who say they want to buy "Our Forever Home," focus on short-term features like stainless steel appliances, open concept living areas, andgranite counter tops, not on long-term benefits like those in the "Forever Home" list above. Features go out of style and will date a home and bring value and saleability down. Your "Forever Home" should be packed with benefits and value for today and into the future. When your "Forever Home" speaks to you will you be receptive to what it says about your future together?
LINK:http://realtytimes.com/consumeradvice/buyersadvice1/item/28934-20140610-3-powerful-buying-forever-questions-reveal-your-forever-home
RE/MAX India Welcomes its New Broker Associates
RE/MAX Realty Review May, 2014
www.remax.in or Call us at +91 9654965001
Name Office Name Region
Ricky Gangwani RE/MAX Highrise Realty Delhi
Raman Ghai RE/MAX Highrise Realty Delhi
Manoj Kumar Ashar RE/MAX CorporateServices North Gujarat
Manoj Tiwari RE/MAX Dreamz North Gujarat
Rajan Malhotra RE/MAX Edge Delhi
Brijesh Kumar RE/MAX Highrise Realty Delhi
Rachit Khurana RE/MAX Highrise Realty Delhi
Bhavesh Vora RE/MAX Corporate Service North Gujarat
M. Ramesh RE/MAX Entrust Real Estate Chennai
Anil Verma RE/MAX Team Realty Delhi
Chetana Gupta RE/MAX Real Estate Solutions Chhattisgarh
Dr. M Krishnamurthy RE/MAX Winners LPC Chennai
C. NAGOJEE RAO RE/MAX Winners LPC Chennai
S. Arun Kumar RE/MAX Winners LPC Chennai
H. Haroon Rasheed Mohd. RE/MAX Winners LPC Chennai
May 2014
S.No Region Name Office Name Broker Owner
1 RE/MAX Delhi NCR RE/MAX Team Realty Anil Verma
2 RE/MAX Delhi NCR RE/MAX Landmark Realty Atul Aggarwal
3 RE/MAX Chennai RE/MAX Winners LPC Rajeev Raghav
May 2014
RE/MAX India Welcomes its New Broker Offices
RE/MAX Realty Review May, 2014
www.remax.in or Call us at +91 9654965001
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