Road To Recovery: Real Estate Market In Spring

Spring is the time when the real estate market is all bustling; it is traditionally the time of the greatest amount of activity. So if you have been looking to buy one of those 2 bhk flats in Pune then now is the time. All across the world, it is believed that now is the time when the real estate market will finally start recovering. However, while recovery might have started, it is still nowhere near complete.

Every year there is a debate about whether the real estate market is going to be a buyers market with many options and low prices or whether it will be a sellers’ market with highly inflated prices and bid wars. However, here are a few insights into the 2014 real estate market for those looking to sell their property.

Real Estate Market

Seller tips

  • Now is the perfect time to sell what with historically low rates of mortgages. This means more buyers are looking to whip up a house. The winter selling season was hampered by certain factors in the US like the polar vortex. So the bottled up demand is looking to be spent now.
  • From now, and all the way up to August early fall, around sixty percent of the houses on the real estate market will be bought up. If you are looking to put your house on the market, then now is the time to do it, at the very beginning of the selling season. Put it up now and you are likely to get a great offer before the school time starts in September.

Visit: A Basic Guideline for First Time Property Buyers

  • Last year, property prices increased drastically all across, especially in the major cities. This year has seen a slowdown in the prices. So, if you want your house to be sold, make sure that you have priced it right. To get an idea, look at the similar houses in your location and then narrow it down to the ones that have sold recently within the last two months. The prices of these houses will give you a good idea of how much you should price your house. You can even look at the prices of houses that have been recently put on the market and are yet to be sold.
  • In 2013, bidding wars were pretty commonplace. 2014, not so much. Don’t think that you will be getting two to three offers and have to choose between them. But if all goes well, you can still get a good offer from buyers looking to buy 2 bhk flats in Pune.
  • If you want to stay on top of the game, then list your house now and get on top of the game. The main flood of houses will be put on the market in May or June. Put it on now and you might get an offer before the market gets flooded. With fewer choices now, buyers are likely to snap up your house faster. Once the inventory increases, selling will become a challenge.
  • Go the smartphone way to reach buyers who have started their house search online using apps. While a major group of buyers has started doing that, the percentage will increase steeply as the heat of buying and selling season increases. Take advantage of this trend and make sure that your house appears on the smartphone screens of home searchers. Make sure that your agent takes the effort to give you a high-quality online listing so that your house gets the attention it deserves.

About the author

Sandy Wright works as a finance journalist for a reputed newspaper for the last five years. Sandy specializes in real estate markets, especially residential properties like 2 bhk flats in Pune. She loves to spend her free time with her family and dogs.

A Basic Guideline for First Time Property Buyers

If you’re in the market for a new home or new office space, there are a few factors that you need to keep in mind before you purchase the space. This article deals with the various do’s and don’ts of purchasing new property, whether it be for residential or for commercial purposes.

The Neighbourhood

When you’re looking at property, it is important to give the location of the property equal value. If you’re looking for commercial spaces, then financial institutions that you would need to visit and transact with frequently should be close by. Thus, it makes sense to look at new commercial projects coming up in Andheri East in Mumbai.

Security, public transport and utilities are other factors that you need to keep in mind as well. Research the crime history of the neighborhood to see if there have been violent crimes committed there. If there are frequent occurrences of armed robbery and assault, then stay clear of those neighborhoods, regardless of the financial sense they make.

Options

Go through several options before you buy something. This is a well-known fact and does not really need any expansion. Similar to how you test drive many cars before finally settling on your choice, visit many properties, revisit the ones you like till you are absolutely sure about them.

Professional Help

Sellers often hide certain negative aspects about their properties. This could be things such as roof leaks which are hidden under fresh coats of paint or faulty wiring which even the seller may not know about. Getting a professional plumber, electrician or even a friendly municipal home inspector to go over the premises can help you avoid buying a property which can result in more losses than joy.

Concentrate on Needs, Not Wants

Think in terms of what you, your family or your business needs rather than what you want. What you want can change from time to time so it’s prudent to discard that line of thought. When you’re looking for office space, for example, new commercial projects in Andheri East, which provide a stunning skyline for you to look at may appeal initially, but think about the scope that space has to accommodate your company’s future growth. The same goes for homes. A two bedroom apartment with a wonderful kitchen and a small terrace garden will probably work out fantastically for you and your partner, but how well will it work for you when you have children?

On Decor

Never purchase a home for its furnishings and its interior decor. Instead, focus on how space will adapt to your own individual lifestyle.

More: Why we pay the most offers best solution for property sale?

Concentrate on finding spaces that work for you and help make your daily routine more efficient.

Decor and furnishings can be changes as and when you wish. So if you see a house with an intelligently placed sofa set and a well modified extra bedroom, don’t buy the home for it. You can take inspiration from those ideas but you should never base your decisions on them.

Read Between The Lines

Not all of what the seller tells you may be true, there may be quite a few white lies and conveniently left out facts and details. Remember to think from a seller’s point of view when going through advertisements. Space which is labeled as warm and cozy may turn out to be too small.

Keeping these things in mind will help in streamlining the process of house hunting. People get sick of looking at a lot of properties which are not what they claim to be on paper but the fault only lies with the buyer. You need to sift through terms which are placed to garner attention for advertisements and realize what those terms actually mean.

Bio:

Anderson Wills is a former real estate consultant who now writes articles and gives advice to first-time buyers about the various things to keep in mind during the search for a new house or commercial space. Having worked extensively in Asia as well as Europe, Anderson is well versed with the workings and habits of the market and can provide sound advice regarding the financial viability of purchasing space in one of the new commercial projects in Andheri East or residential spaces in Virar. Contact him for further details.

Why we pay the most offers best solution for property sale?

In order to sell the property at the best price, you can spend very low amount for renovation. The amount that you will spend for renovation or repairs should not cost you much. The appreciation that your property gets through the repairs should be very high compared to the amount that you spend upon repairs and renovation. In addition to the repair works that you will undertake, it is very much important to choose the right property firm through which you will be able to sell the property quickly and at the best price.

property sale

The prospects of we pay the most

Wepaythemost.co.uk is the best resource to sell your property in an effortless manner. In order to sell your property, you will not want to go for offline advertising or online advertising. The property firm will come to your rescue in your pursuit to strike the best price for your property.

It is possible to sell your house, flat or property by sharing the information with the property firm. The firm maintains a large network with prospective buyers. It deals with the company who has sufficient funds to purchase your property. There are a number of options to sell your property on we pay the most. It is possible to have a cash offer. However, the disadvantage with the cash offer is that the highest value that you can get through the property sale will be 83% of the market value.

Visit: Tax Tips You Should Follow When Selling Your House

In order to taste the waters, you can list your property on the website. You can fill the online form by entering the postcode, address and a brief description of your property. The online system will calculate the property value and a cash offer will be made in a few seconds. If you are happy with the online offer, you can proceed further so that the independent valuer will be engaged to assess the value of your property. Based on the quote given by the valuer, the real value of your property will be known. If you are happy with the process, the sale will happen in less than 7 days and the money will be credited directly into your account.

Why should you avail we pay the most?

In order to make the most from your house sale process, you can utilize the services offered. The website offers the best package for homeowners in UK. Without going for any kind of advertising, your property will be sold efficiently and at the best price. In fact, you will not want to pay a single penny in the entire sale process.

There will not be any charge for selling your property through we pay the most. In fact, you will not want to pay for the valuation of your property and there will not be any fee for the solicitor. Thus, property sale can be accomplished in a hassle-free environment by engaging a professional property firm in the UK. The service provider is available on 24 x 7 basis. The applications will be processed on round the clock basis.

You should want to enter the postcode for a free evaluation. In order to more about the features of the website, you can go through the blog where related information will be present. The testimonies shared by other customers will help you take the right kind of decision. This is a great way to sell your property as you will get the best price as per the condition of the property and the present demand in your location. If you make minor repairs and aesthetic-enhancement measures, you can certainly make the most from your time, effort and money.

In order to sell your property quickly, you can fill the form on we pay the most so that you will avail quick cash.

Tax Tips You Should Follow When Selling Your House

Selling a house can be a very involved process. You need to worry about hiring a broker, vetting potential buyers and negotiating deals. However, taxes are probably the biggest headache for most people selling. Here are some tax tips that you will want to follow.

The IRS requires people to report profits from the sale of their homes. However, there are some exemptions that you will want to be aware of. You may be able to deduct most or even all of the capital gains on the sale of your home.

Primary Residence

The IRS generally allows people to exclude profits from selling your primary residence. In order to qualify for this exemption, you need to have lived in the house as your primary residence for at least two of the five years prior to the sale.

Unfortunately, the IRS isn’t one-sided with its policy on tax exemptions for personal property. While you may be exempt from capital gains taxes on the sale of your primary home, you can’t deduct a loss.

However, you can still deduct losses on the sale of rental properties. You will need to repay any depreciation costs that you wrote over that time period though.

Selling Your House

Impact of Marriage on Taxation

You will also want to decide whether or not you and your spouse should file separately or jointly. The IRS allows anyone filing individually to deduct up to $250,000 of the profits from the sale of their house. Couples filing jointly are allowed to deduct up to $500,000 from the sale.

You should always crunch the numbers to see what the best decision is. However, almost all couples selling a house will probably be better off filing jointly if they are going to make a profit exceeding $500,000.

Exemptions for Difficult Situations

The IRS also has a number of exemptions for people that are struggling with difficult situations. You may be able to qualify for an exemption if you:

  • Face serious health problems
  • Divorce your spouse
  • Face long-term unemployment
  • Have multiple children from a single birth

However, it is important to keep in mind that these exemptions may not apply if you discharged your debt. You may actually end up facing higher capital gains taxes if your debt was discharged. You will want to speak with your accountant to see if you fall under any of these exemptions.

Visit: A Qualified and Experienced Real Estate Agent’s Benefits

Notify Selling Agent of Exemptions

The IRS requires all homeowners that don’t qualify for these deductions to report the sale on Form 1099-S. Your selling agent or another professional that you are working with will send this form to you if you don’t notify them of the exemptions. Make sure that you certify that you are not required to pay a capital gains tax on the sale so you won’t need to receive the form.

Repaying Your Homebuyer Tax Credit

The IRS allows people to deduct up to $7,500 after buying their first home. They have to pay $500 back each year over the next 15 years. If you sell your house before that time, then you will need to repay any remaining balance to the IRS.