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5 Reasons Why You Should Choose Properties Carefully

5 Reasons Why You Should Choose Properties Carefully

Buying a property or looking for rent is a hell of a task. A lot of work needs to be done which could be daunting for many, thus from the decision to invest in property to actual buying your rental property, a lot of work needs to be done.

Since buying a house or being on rent is an emotional process, as there is always a dream of making a place a home where one will have moments they have dreamed of. So many people fall prey because of these emotions and make hasty decisions while selecting any property.

The common mistakes people make are falling in love with the place they can’t afford, assuming there is nothing better out in the market, being desperate, overlooking important flaws, rushing to put in an offer, offering too much if you like property and dragging your feet if you like a property.

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Since buying property has a number of implications so it is important to keep emotions in check and make the rational decisions. So while considering any property, make sure to follow the following things:

  • Know what you can pay.
  • Think of features you are looking for.
  • Choose rental type.

No doubt it is true that you can complete this daunting task on your own and market your property through an owner website like assetcolumn, but only if one has time to do this as a part-time job. Thus, an agent might be of great help to match your property requirement with the perfect match at a faster rate as they are aware of the market with a wider scope. The following are some reasons why you should hire real estate agents:

1. More convenience

It’s the job of a real estate agent to act as an intermediate person between sellers and buyers. Thus, he or she will have access to all properties listed by the other agents. For example, if one is looking to buy property, a real estate agent will hunt down all that will meet your criteria, get in touch with sellers and make appointments to view the property.

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So this will ease your work as they will do all the things regarding appointment and finding you just need to view. Similarly, if you are selling a home yourself, then you have to set up the calls with interested parties make appointments and answer questions yourself. And one has to keep in mind all the potential buyers and respond them quickly.

2. Negotiation is tricky

Many people don’t like the idea of doing a real estate deal through agents as they feel direct negotiation between sellers and buyers is much more transparent and it lets the involved parties to look after their own interests which is true as it results in transparency.

But, this is not true in all cases because as a buyer, you cannot express all the concerns to the owner but it’s easy to explain those to a real estate agent so they can act as a messenger as they are in a better position to negotiate.

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Always keep in mind that the owner can reject a buyer’s offer for any reason, even their attitude for example, so the agent can help by speaking on your behalf and handle the situation in a better way. The same goes for the seller, who can be benefited by a real estate agent who will convey their interests to buyers without turning them off about price or because of some other concern.

3. Handling of contracts

One should always draft the contract during buying and selling of property so as to ensure that what you are getting is a part of the deal or you can back out of the deal at any time if certain conditions are not met.

Thus, a real estate agent deals with the conditions and contracts on a regular basis and they are familiar with clauses which need to be drafted as part of the contract – what can be removed and how to use the contract for your interests, whether one is selling or buying property.

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4. Neighborhood awareness

The agents have complete knowledge about the neighborhood as well. They can collect information and hand it over to you and also inform you where you can find schools, supermarkets, and other demographics. All these details are highly beneficial while looking for property, particularly in an unfamiliar place. So one needs someone reliable and a person who is aware of the neighborhood.

5. Guidance of price

Agents don’t bind you to a particular price of a property but can guide you to settling on a price. Agents can guide clients to make the right choices for themselves. And at the same time, they will provide all the data for the buyers to make a choice based on price and amenities provided. Thus, based on demand and conditions, market supply real estate agents will devise a negotiation strategy.

Everything has its own pros and cons so it’s totally dependent on the individual to decide. As far as my experience goes, is it is always better to hire some real estate agent while looking for a new property if you are new in place as they have a number of referrals. Since the agents have great capabilities to make clients satisfied and happy, many agents will mail you periodically all the updates about the market to keep you posted so your commission will be fruitful.

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Abhay Jeet Mishra

Writer at Lifehack & Enterested.com

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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