Monday, 29 January 2018

Great Tips to Get Good Deal as a Buyer

Great Tips to Get Good Deal as a Buyer

As a buyer when you short list the property of your dreams and are about to seal the transaction, it is very crucial for you to know certain tricks of the trade.  During negotiation the “ask” price tabled by the seller, it is important to know these tips that might be handy.

Be aware: 
As a buyer it is essential to know the market situation well whether it is a seller’s or buyer’s market.  Preferably in a buyer’s market, the supply outnumbers the demand, thus, catering more possibilities to pick from. This requires a higher negotiating power for the buyer. In a seller’s market, nevertheless, the supply of residential units is lower than its demand, keeping seller at a greater position. Comprehending the market undercurrents go a long way in cracking the precise deal. You must be conscious of the city you are planning to invest in. Factors such as inventory level, present-day price trends, and sales volume, midst others, would assist you to negotiate well with the seller.

Take assistance: 
Buyers generally avoid confirming a property purchase via broker in order to save on the brokerage fee. On the other hand, comprising an expert from the realty industry might support you acquire better probabilities as brokers possess comprehensive understanding about the native market and may help you fetch the perfect home within the required budget.

Cash rebates: 
Offerings such as free gifts have become pretty common in real estate market. Developers employ all genera of marketing strategies to sell their product and complimentary gifts are just one of them. As a buyer you can negotiate for cash concessions instead of supplementary tangible gifts accessible by the builder.

Show interest: 
On Contrary to the accustomed belief that being too keen might constrain your probabilities of getting worthwhile discounts, an inquisitive buyer stands a greater opportunity of finalizing a deal. Developers generally try and give the best promising option in case they feel that the buyer is in fact interested in purchasing and not just exploring options.

Gauge the seller’s requisite: 
It always aids if you know the purpose behind the sale. Is it a case of distress selling, where the seller is in an urgent need of money or does he have plentiful time in hand? In case you sense emergency, then you can negotiate much better and crack a worthy deal.

Be equipped with funds: 
Update the seller if you have instant cash accessible or a pre-approved home loan. A seller would be more motivated in confirming the deal with a buyer who is not combating financial restraints.

Every property deal is bargainable: 
There is nothing about real estate dealings that cannot be negotiated. While this does not imply that you would win all bargains, you can anticipate a reduction of 5 to 10 percent on the ‘ask’ price if you make an informed endeavor and reason it out well with the seller.

Aim a win-win situation: 
Establishing a good rapport with the seller is vital for a healthy real estate agreement. Such a position can be accomplished when both parties feel that they have acceptably met their objectives. The necessity to ensure a successful negotiation is the understanding each other’s needs and obliging the goals of both the parties.

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Tuesday, 16 January 2018

RE/MAX Rises to Top Five of Franchise 500

RE/MAX Rises to Top Five of Franchise 500

Global Franchisor Once Again Named #1 Real Estate Franchise
January 15, 2018
DENVER – RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is ranked fifth among the 500 franchise companies included in this year’s Entrepreneur Franchise 500® survey. More than 1,000 franchisors applied for the 39th annual ranking.
The franchises in the top spots reveal the newest trends as well as the industries that keep going strong decade after decade, according to Entrepreneur. RE/MAX rose five spots to finish fifth, the highest ranking it has ever achieved in the survey. Only McDonald’s, 7-11 Inc., Dunkin’ Donuts and The UPS Store ranked higher. The 2018 Franchise 500 marks the 15th time in 19 years that RE/MAX is the top real estate franchisor.
“Nobody in the world sells more real estate than RE/MAX as measured by residential transaction sides,” said Adam Contos, Co-CEO of RE/MAX. “Broker/owners and agents want to be affiliated with the number one name in real estate because of our brand awareness, continued education, on-demand training, competitive advantages and technology. Entrepreneur continues to rank us higher than our competitors, and that’s because of the unmatched quality of the real estate professionals in the RE/MAX network.”
Highlights of the 2018 Franchise 500 survey include:
• RE/MAX ranked #5 overall, up from #10 in 2017, #21 in 2016 and #75 in 2015
• RE/MAX ranked #1 among real estate franchises
• Other real estate competitors were Keller Williams Realty at #22, HomeVestors of America at #37, Weichert Real Estate Affiliates at #139, Realty One Group at #230, Realty Executives at #424 and United Real Estate at #471.
• The top 10 overall standings include #1 McDonald’s, #2 7-11, #3 Dunkin’ Donuts,
#4 The UPS Store, #5 RE/MAX, #6 Sonic, #7 Great Clips, #8 Taco Bell, #9 Hardee’s and #10 Sport Clips.
The Franchise 500 is considered the oldest and most comprehensive franchise ranking in the world. Companies judged by the same criteria including costs and fees, size and growth, support, brand strength and financial strength and stability. To be eligible, franchisors must be seeking new franchises in the United States or Canada and have a minimum of 10 units open and operating as of July 31, 2017, with at least one franchise located in North America.
From a single office that opened in 1973 in Denver, Colo., RE/MAX has grown into a global real estate network with more than 115,000 sales associates in more than 100 countries and territories. RE/MAX was ranked the leading real estate franchise for the ninth consecutive year in the 2017 Franchise Times Top 200+® survey and was named the top real estate franchise in Entrepreneur’s 2017 Top Global Franchises list.

About the RE/MAX Network
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 115,000 agents provide RE/MAX a global reach of more than 100 countries and territories. Nobody sells more real estate than RE/MAX when measured by residential transaction sides. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE:RMAX). With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $157 million for Children’s Miracle Network Hospitals® and other charities. For more information about RE/MAX, to search home listings or find an agent in your community.