With advancement in science and technology, the quest of man to get luxuries and comfort also increases. By luxury and comfort an idea struck in mind that first of all having a small happy family and after that there should be a well furnished home or a bungalow which is of latest design, a new branded car like BMW or Ferrari with automatic system and many other things. But from my view point nice and beautiful house is the sole need of all families demanding luxuries. For this many new homes are build every year which have no comparison with old ones.
Homes designs and plans:
With the increasing demand of people for houses, a separate field and departments are made which are totally working on homes designs and plans. Almost every person in this world has a dream to have a unique and perfect real estate. Talented, hardworking and dedicated architecture engineers are working day and night making new designs for condos (a property where specific part of real estate is owned by a person), town houses, residential and commercial houses, beach homes, apartment buildings.
Housing authority schemes:
Moreover now a day a big contract is given to builders to make a housing authority. In these housing authorities there are homes for sale. These homes for sale are generally of same design and style. The home value depends on its size and location. In addition to this there are also houses for sale by owner. Generally it has become a trend to sell house by placing a board in front of house on which it is written that “for sale by owner”.
Selling and buying of homes and role of brokers:
It has now become a business and profession to sell real estate of people for commission. “A real estate is a piece of land including ground or building on it which is generally sold by individuals or real estate broker”. “A real estate broker or agent is a person that acts as an intermediate party between seller and buyer. They are always ready for home listing. They also buy and sell to get profit from it. A person who wants to sell his real estate should contact with real estate agent. They have a complete knowledge of real estate market and can sell homes for sale with best price. Moreover real estate agents are also dealing in giving homes for rent. In case of rent there is an agreement between owner and person who takes home for rent that he will monthly pay rent monthly. Now a day another business is becoming popular in which lenders are giving loans to people with the help of mortgage brokers. “A mortgage broker is a person that works with borrower in finding appropriate match for mortgage loan”. “A lender is a person or institution that gives loan to borrower.
Agreement between broker and seller:
If you are ready to have your home for sale by real estate agent then there is a home listing agreement between broker and you. Like;
· 1) Open Listing (in which owner sell home by himself to any broker who brings able buyer)
· 2) Exclusive Agency Listing (in which broker represent owner but owner has right to sell home to anyone)
· 3) Exclusive Right-to-Sell Listing (in which owner cannot sell property himself)
Golden tips in real estate marketing:
I would like to give you some tips to you regarding real estate buying and selling.
- · Be aware of the documents and other legal processes that are necessary to buy a home from the seller.
- · Buyers should also be in touch with the current trends in the real estate market.
- · Buyers should be sure to check out the credentials and reputations of anyone that they will be working with.
In the end I would like to say that it is the habit of man to move towards better therefore houses should be sold by owners to get better one if he has resources. Moreover websites are also available in order to get a good and experienced real estate agent.
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