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A Mortgage Forum to help everyone with their mortgage and real estate needs. This forum is also a place for new loan officer training and advice on how to be successful in the mortgage business.
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 1 
 on: August 26, 2010, 03:14:42 AM 
Started by ajaybali - Last post by ajaybali
Hi.....

Now a days investment into real estate is become a money making idea. WNy one can earn in a short time duration by investing into Properties like Sheds, Barn & stable & many more.

Good Luck.....



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 2 
 on: August 26, 2010, 03:12:59 AM 
Started by ajaybali - Last post by ajaybali
Hey guys,

I was wondering what you guys use for document management between agent, client and broker?

I see my agent (he's my boss) constantly fumbling around with email and pdfs to the point where he asks me to search and deliver for him sometimes.

Does anyone else have this problem or how have you designed your workflow to manage the amount of documents that get juggled?


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 3 
 on: August 26, 2010, 03:10:55 AM 
Started by ajaybali - Last post by ajaybali
While the residential real estate market is still floundering, the commercial sector is, by some accounts, suffering even greater hardships.
Corporate cost cutting measures are forcing layoffs and the freeing up tens of thousands of square feet of office space; space that is now sitting stagnant on the market. One would assume that once the economy bounces back (fingers crossed) the space would become occupied again; however, a trend is emerging that could dispel that theory.
As an alternative to layoffs, and the subsequent loss of production, companies are realizing they can cut costs by having employees work from home; thereby eliminating costly office space. While the concept is nothing new, technological advances have made working from home a far more viable option.
It is estimated that close to 40% (50 million) of the working population could work from home, at least part-time. A 2008 survey revealed that over 17 million employees avoid the daily commute to the office. In this economic climate, that number will surely grow.
What Does this Mean for Residential Real Estate?
Will this sway in commercial trends affect how people search for homes? Will the demand for suitable home office space prove to be a challenge for Realtors? Will the size of newly built houses have to increase to accommodate separate work areas?
Please weigh in with your thoughts on this.


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 4 
 on: August 23, 2010, 12:27:23 AM 
Started by ajaybali - Last post by ajaybali
Profiting from Real Estate Investment Strategies
As an amateur to the real estate world, I would like to know the various strategies adopted by real estate investors’ worldwide to profit from this investment type.
I understand there are various ways to gain from RE investment i.e. buying a residential appt & renting it out, subletting of an appt, buying commercial premises for own proprietary business or selling it after a few years, etc.
Hence I've started this thread to know the various strategies & brainstorm each of strategies for it's pros & cons. I believe this thread should not only benefit me but to all the boarders here (Senior, Junior members) in increasing / enhancing their personal knowledge about the real estate world.
Hope to see maximum participation.


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 5 
 on: August 23, 2010, 12:26:32 AM 
Started by ajaybali - Last post by ajaybali
Hi All,
I have got a query about calculating TOTAL cost (Final Cost to Owner).
Case in concern is a 2BHK property in Wakad area, PCMC, Pune.

Got following cost sheet from one of the builder :
Construction cost = 1275 * 3000 = 3825000
Covered Car Parking = 150000
MSEB = 75000
Society Formation = 10000
Maintenance = 12000
Stamp Duty & Registration = 250000 (What are the resp. %age)

I wanted to know, What all other costings will need to be included in order to calculate FINAL to for the owner.
I'm considering this property, but would like to calculate ALL costs towards it & then make a decision based on my budget.

Thanks & regards


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 6 
 on: August 23, 2010, 12:24:37 AM 
Started by ajaybali - Last post by ajaybali
Every building has a life. Even the best construction reaches a stage of demolition after may be 50 years. What happens in the case of multi-storey residential complexes constructed by builders & societies? What is the ownership & how is it handled?


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 7 
 on: August 10, 2010, 12:31:24 AM 
Started by ajaybali - Last post by ajaybali
It is very important to get some useful tips that are very necessary in real estate marketing as,

To make a profit it is very important to make every effort to turn website traffic into website leads as, real estate internet marketing is a process of attrition as there will be some percentage of people who will visit your site and gets facilitated. It is very important to let them come to your web site and once they will come you need to offer them with some kind of reciprocation that will be beneficial in getting some lead generation to your site.

It is important to raise website usability to get some success in getting better prospects that is to make your website user friendly by providing some useful and necessary stuffs like listings and updates with newsletter, a website should contain blogs showing necessary information, it should contain testimonials of different investors also, for the leads the form should be short and specific.

Resources that are very necessary like, a website should contain resource section that is by adding useful content on a site you can allow people to stay for a longer time.

Also, writing articles and blogs with regular updates will make your site more usable that is will get maximum traffic and generate leads that can help in support internet marketing goals.

Thanks




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 8 
 on: August 10, 2010, 12:30:58 AM 
Started by ajaybali - Last post by ajaybali
Step 1: Own your domain
As a real estate agent, you are more than likely an independent contractor, and your career is built upon marketing and making a name for yourself. While it's great for you as a career agent to have the support of a company or franchise, most of your business and repeat business is because of you, and not the company.

The methods you employ and the work you do to make your name well-known in the community is known as branding. The same process is followed on the Internet, except you become known as "You.com."

Owning your own domain gives you the ability to maintain both a permanent e-mail address and a permanent Web site address. The money you spend to build that name and domain accumulates over the years, as your community brand becomes your Internet brand as well. It's your job to spread the word about your brand name.

Step 2: Make the most out of your Internet presence
Understand how and where your listings and services are currently being marketed on the Internet, and then decide what you can do to improve your current position.

For example, are you maximizing your current exposure? Do you have an e-newsletter that people can sign up for on your Web site?

Most properties offered for sale in the country are being marketed on Realtor.com. The first reason consumers go to real estate Web sites like Realtor.com is to view photos of properties. Realtor.com allows six pictures for each property, and yet, if you did some random searches on that site, you would find that very few real estate professionals take advantage of this opportunity.

Purchase a digital camera and take it to every listing appointment. If you use Realtor.com, submit the maximum number of pictures allowed. Virtual tours add an exciting new dimension to Web sites, as consumers are able to seemingly step into the picture and look around, which is the next best thing to being there. Also, as bandwidth expands, video Web tours are gaining popularity. Sample tours are available at Ipix.com.

Finally, using e-mail to drive visitors to your site is one of the most under-used tools available to the agent. Create an e-mail distribution list of your sphere of influence. Whenever you create a new feature to your Web site, such as an article about recent changes in the tax laws, send out an announcement by e-mail and include a direct link to the new page.

Step 3: Create a Web site that is a personal Web portal
Consumers today are always looking for information, and you can help them — not just with information about real estate, but with information that they might use regularly. The number one Web site tip for real estate agents is this: Develop a Web site that people will visit and return to even when they are not interested in buying and selling real estate.

For instance, create a link on your site to TheTrip.com, a travel site where you can use their FlightTracker to follow the real time progress of flights in the air and receive accurate estimated times of arrival. People might not remember the Web address of that flight tracker they saw on your site (particularly if it was framed within your site), but they will likely return to your bookmarked site the next time they are checking on an arriving flight.

Also, consider compiling useful information about local restaurants, sights of interest, churches, and clubs. Combine this with a visual tour of the scenic points of interest in your area.

Step 4: Integrate your current marketing efforts with your Internet efforts
Creating a successful Internet marketing strategy requires the integration of conventional, proven, and successful marketing strategies with the marketing opportunities available on the Internet.

While search engines might help to drive people to your Web site, your own efforts can bring the fastest and most direct results.

If you look at all the companies on the Internet today, they are spending millions of dollars to market and brand their URL (Web address). You must personally brand your URL by directing everyone you communicate with to your Web site. Your URL should be on all your conventional marketing pieces, even your sign riders. Don't forget to include your e-mail address on all your marketing materials as well.

Step 5: Create an Internet marketing presentation portion of your listing presentation
Today, sellers are beginning to ask: "How will you market my home on the Internet?" Your listing presentation should include very specific information about that.

Include the following in your written listing presentation:

Your personal Web portal.
Traffic count of your Web portal from your site statistics feature (this should be part of any Web site template service you purchase or any proprietary site you build).
Your listings that are already on the Internet (on Realtor.com, HomeAdvisor.com, CyberHomes.com, or HomeSeekers.com).
If your listings are on Realtor.com, include site statistics (for example, "Each listing on Realtor.com received an average of 114 views.").
Your broker's site and site statistics.
One of the most effective ways of conveying information about your Web site is to incorporate screen shots into your listing presentations. It's also helpful to learn how to use simple presentation software such as Microsoft PowerPoint. These skills can put you ahead of 99% of your competition when it comes to communicating Web marketing to prospective sellers.

Step 6: Create materials that help buyers find information on the Web
If you have buyers who are not familiar with the availability of listing information on the Internet, tell them how to find real estate sites and how to search for property. Next, tell them how to contact you if they find a property that they are interested in, need more information about, or would like to see in person.

The best way to do this is to create a one-page flyer describing how to find information on the Web. This is helpful document in and of itself; moreover, it constitutes a wonderful piece of marketing material. You add value as a real estate professional by helping the consumer understand the Internet.

Serious buyers might provide you with profile information about the kind of property they are seeking. You, in turn, can create an e-mail alert that notifies the buyer when a matching property appears on the market.

One word of caution about obtaining information online from prospects: Be sure to tell them how you intend to use the information, and point out that you will not sell the data to other parties. Including a privacy statement on your Web site is advised.

Step 7: Learn more about developing opportunities on the Internet
Loan sites, rate watch sites, agent matching sites—dozens of helpful opportunities and services are coming online. Not all of the new sites promise success, but it is useful to learn what you can about them and use whichever resources can help your business. It can cost your business if you are unaware of the changing real estate landscape on the Internet.

One of the best ways to stay on top of the evolving landscape is to visit real estate news sites and subscribe to e-mail alerts. Inman News (Inman.com) has an e-mail alert that you can sign up for free of charge. Realty Times (Realtytimes.com) publishes excellent articles about new real estate Web sites and Internet trends.


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 9 
 on: August 10, 2010, 12:30:07 AM 
Started by ajaybali - Last post by ajaybali
If you are planning to purchase a new real estate property then look for these things before purchase.

* Zoning Requirements
Check with local authorities (city, county and state) to determine zoning ordinances and whether you can build the type of home you want before committing to buying the land. A community within 20 minutes of Sacramento city limits, for example, does not permit construction of any structure on parcels smaller than 20 acres. Ask about future zoning, whether there are plans to put in shopping centers or airports, or to change nearby land uses that could also devalue your land.
* Smells and Sounds
Realize that you might be trading exhaust fumes from city buses for the lovely odors produced by pig farms. Some farm animals such as geese and donkeys produce squawks and brays that travel for miles. Horses along country roads drop steaming piles of waste. It’s not like anybody carries along a plastic bag and picks up after their horses.
* Natural Hazards
Obtain a natural hazard disclosure and look for soil problems. Some parts of El Dorado County near the Sierra, for example, have naturally occurring asbestos in the rocks and soil. A disclosure will tell you if the land is a protected habitat, which would prohibit building. Is the area a known fire hazard? Is the fire department supported solely by volunteers? Many owners in the country maintain private ponds for fire emergencies.
* Elevation
If the land is located near hills, how likely is the land to move? Some slab foundations can crack if the land is unstable. Find out if your parcel lies within the path of a potential landslide. For construction near bodies of water, you might want to consider building a raised foundation and make sure to buy flood insurance. If the land was once a swamp, ask neighbors about the condition of their foundations.
* Easements
If access to your land is provided by driving across an adjoining parcel, you should obtain an easement and make sure it is recorded. Find out who maintains the roads and costs for upkeep. What rights do neighbors have to cross your land? Are the boundaries clearly marked? Obtain title insurance, which will disclose easements and restrictive covenants or conditions. You might want to order a survey of the land.



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 10 
 on: August 09, 2010, 01:50:02 PM 
Started by kundandoll - Last post by kundandoll
Has any one had any dealings with a mortgage broker company called

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