Realtors Need a Unique Success Mantra

download (17)The real estate demand has reached around 1.35 billion square feet by 2020 in India. This is said to be up from around 900 million square feet currently. Out of the total numbers around 85% will be for the residential properties in India.

According to the reports, the sale of residential properties have slowed down due to low demands by customers at the current rates. This is leading to an inventory overhang is metropolitan and other major cities. Due to this slowdown, the builders have increased the discounts and are offering attractive offers so that there is some improvement that is seen in the condition of residential properties in India. However, the developers as well as the real estate sector needs to do something very differently to achieve success in this sector.

There has been a change in the real estate model and this will change more often and continuously and at a more rapid speed. However, the developers need to find the ways that these changing scenario can be a profitable one for them as well as the buyers. The builders are not able to understand this changing scenario and how should they cope-up with these changes. Once they get a hand on experience about these changing scenarios, definitely, there is no looking back for the residential properties in India.

Traditionally the charges that were attributable to the real estate firm was in managing approvals, land acquisition and agglomeration. However, now people are constructing sustainable, concrete business and value creating industries around very good process managed real estate along with very good execution skills. These definitely are the ways one can be successful in this changing scenario of the real estate in India and with this the developers need to understand and cater to the demands to the buyers so that they do not hesitate in buying their dream home. Thus, the real estate firms needs to upgrade themselves with the changing environment and reach new heights.

There will be financial protection for the home buyers whose projects do not complete on time. Any delay in the construction will provide benefits to the buyers. The buyers are allowed to claim for tax benefits of Rs 2 lakhs after possession if they invest in any under-construction building and it does not complete within 3 years. However, there will be a reduction of 30,000 if the builder delays the construction beyond the limit and thus they will have to pay higher interest. Also, the first-time buyers have to pay additional rent if they are buying homes for self-use.

 

The Best of Milton Real Estate

download (16)How special it feels to be living or moving in to a place which is the fastest growing municipality in the Golden Horseshoe. Fastest growth means more development, better opportunities and modern architecture. You will be able to find various kind of flats, apartments and houses fulfilling all of your needs.

Whether you want compact apartments and houses for your single use or your small family, maybe you want a massive house built with wide rooms and bedrooms for your large family, or maybe you want to go for more luxurious villas… you will get well-built real estate of your choice in Milton.

Population

Milton is the fastest growing municipality according to the census conducted in 2006 and 2011. The census showed that Milton is experiencing approx. 71% rise in population from the year 2001 to 2006 and saw roughly a 56% surge in population from 2006 to 2011. The population of Milton, in 2014, is approximately 100,000, but as it is growing rapidly, its population in 2031 is forecasted to be approx. 220,000.

You will also have no problem communicating with the people in Milton as approximately 70% of the population are native English speakers, according to the census of 2011. The remaining 30% people can also communicate in English as their secondary language.

Residency and Growth

With population, the residential growth also saw a massive increase in Milton. This is also due to the successful completion of the project dubbed “the big pipe”, which was about making a piping structure which will deliver water from Lake Ontario to Milton.

By 2006, Milton had 7 new subdivisions, which included Hawthorne Village. Many new subdivisions from the list are developing, which means that there will be constant development – which is the secret of developed regions.

The council of Milton, in 2014, approved the making of more homes in Milton, which saw a surge of 25,000 residents. Moreover, there are vast numbers of home constructions at any given time in Milton, which is attracting more and more residents. In the numbers of residents, there is a fair amount of people coming from other areas of Ontario too.

Transportation

The town has an easy access to the highway 401 and 407 from Oakville and Hamilton. The town has its carriage railway lines for consignments. It has railway transportation service for passengers from Go transit and Via Rail.

If you take the highway 401, you are only 40 km far from the largest International airport (according to the passenger volume) Toronto Pearson. However, the town has a closer airport in the neighboring Burlington, the Burlington airport. The airport does provide passenger services but the services are not regular.

Why it is Becoming So Popular among New Residents?

1. Many people want to live in Toronto or near it. As Milton is 56 km away from Toronto, it is becoming a favorite choice of many.

2. As it is one of the developed towns out there in Ontario, people here can earn better and can improve their lifestyle.

3. As it is a town, it is getting much attraction from people who don’t like the city thing, but still want to live in an advanced but less ‘noisy’ place.

4. For retired and rich people, this place has its attraction as a suburb where they can live in peace and tranquility.

 

How Buyer’s and Seller’s Markets Impact Homes for Sale

download (15)Nothing is as fickle as real estate. Housing prices may rise or fall for any number of reasons. Although they can make investing in your own property a bit of a risk, with a little bit of knowledge the informed shopper can easily make the best decision possible when looking at homes for sale.

Buyer’s Market

Simply put, a buyer’s market is a result of the economic principle of supply and demand. In this case, there are more properties in supply (i.e. for sale) than there is a demand for them, meaning that those looking to invest in real estate have a lot of options to choose from. Supply and demand fluctuate depending on how many new customers enter an area and how many homeowners in the region have decided to stay in their properties.

In these circumstances, there are plentiful homes for sale, which favors those interested in investing in residential property. The geographic region and price ranges are favorable and the cost to purchase is relatively low. If housing in an area tends to take more than six months to sell, then it is considered a buyer’s market. You can easily find how many days a property has been listed on various real estate sites.

Seller’s Market

In a seller’s market, it is harder to find homes for sale. The supply is low in comparison to the demand to purchase property. Prices are typically a little higher and houses don’t tend to stay listed for as long a period of time.

When this occurs, there are a limited number of options. Buyers will have less opportunity to negotiate-because sellers can entertain other offers-and as a result, will pay more than they would in a buyer’s market. Sellers can increase their prices and, as long as the homes appraise for the asking price, receive more than they otherwise could.

What Stimulates the Change

As with everything, housing properties will fluctuate between shortage and surplus. While there is no clear determination on how long the current stage will last, there are several factors that can impact the supply and demand of homes for sale in your area. Things like interest rates, consumer confidence, and economic conditions have a high impact. A growing regional economy coupled with low-interest rates and high confidence can lead more people to buy houses.

However, just because more people are buying doesn’t mean there are also more people selling. Supply tends to lag behind demand in real estate. While you may think that low rates and good economic growth would spur a buyer’s market, it is actually more favorable to sellers. That is because there are more parties competing for a limited number of houses.

When the economy slows down, or interest rates increase, demand diminishes. When that happens, homes for sale will stay listed for longer periods of time. With more real estate options available, qualified purchasers have better chances of finding good deals on housing in their areas. Buyers can often negotiate with the seller on a much lower price than what the seller had originally intended.

 

Lakeview in New Orleans: The Comeback

download (14)Hurricane Katrina and the levee breaches that followed absolutely decimated Lakeview in New Orleans. However, Lakeview, perhaps more than any other neighborhood in the New Orleans, put forth an extremely robust rebuilding effort. This neighborhood has made a most incredible recovery since the storm. Lakeview always was a very family oriented neighborhood. Young professionals have flocked to the area to rear their children. The safety of the neighborhood coupled with the fact that it is in New Orleans make it one of the more thriving neighborhoods in the city.

Lakeview and Hurricane Katrina

Lakeview was one of the most spoken about areas of New Orleans during the massive press coverage provided from the hurricane. With a multitude of photos showing the devastation of the area, Lakeview became a household name and the keynote neighborhood referenced when the press referenced New Orleans homes affected by the massive storm. Because the Lakeview subdivision is located so close to the levee breach, it represented the defining point between the areas affected and not affected by the breach of the levee.

Since many of the homes in Lakeview were owned outright and were not required to have flood insurance by a lender, many Lakeview properties didn’t have flood insurance when tragedy struck. This had many homeowners in the area looking for other forms of financial assistance to assist in rebuilding. Once again, this put Lakeview in the forefront of conversations of “how to rebuild New Orleans”.

Lakeview Demographics

Lakeview in New Orleans is surrounded by bodies of water on three sides. On the northern boundary lies Lake Pontchartrain. The Orleans Avenue Canal is to the north and the 17th street canal is to the West. This is another draw to the neighborhood. Daily residents can be found boating on the lake, fishing right off the bank, or simply people watching on the concrete steps of Lake Pontchartrain. If it’s seafood you crave you can catch it yourself. Pull out your crab traps and shrimp nets and enjoy the bounty the water surrounding you has to offer.

Statistics from City-Data.com tell us that the majority of the people living in Lakeview are white collar professionals. More than 22 percent of male residents are employed in a management role. Almost another 20 percent are employed in sales or office occupations. Other business and financial occupations make up roughly 10 percent of the jobs males in the area hold. Women living in Lakeview are similar in the occupations they hold. Over 25 percent are employed in an office or sales capacity. Another 14 percent are employed in technical or healthcare occupations and another 10 percent make their living in some educational field.

How Katrina Affected Lakeview Real Estate

Hurricane Katrina changed Lakeview forever. Prior to the hurricane, Lakeview was a desirable area but many of the homes had not been updated in years. Because Lakeview was focused on by the media as the epicenter of the housing crises from the hurricane, real estate investors from all over the country flocked in to purchase the “flooded and gutted” homes in Lakeview. As a result, property values of Lakeview homes for sale shot up. In many instances, unlivable homes without walls were selling for more than they were in full living condition prior to the storm. Since many of the homes in Lakeview were quickly rebuilt by investors for a quick sale, Lakeview became one of the few areas that residents could move back to and real estate values increased substantially. With freshly redone homes on the market, Lakeview homes became a hot commodity. Today, real estate searches for “Lakeview Real Estate” rank among the top real estate searches in the country according to REALTOR.com.

New Orleans Amenities

Orleans Parish also enjoys one of the largest areas of green space in the country. Established in 1854 New Orleans City Park is yet another beautiful draw to the Lakeview neighborhood. It is one of the oldest urban parks in the country. After the Great Depression, President Roosevelt’s Works Progress Administration was at the heart of City Park’s growth and development. Close to 20,000 out of work residents were given jobs to put up the roads and fountains, and Tad Gormley stadium. The many art pieces of City Park came from this era as well. City Park occupies 1300 acres, making it the 6th largest park in the country and almost twice the size of Central Park in New York. Some of the beautiful Live Oaks that are scattered throughout the park are estimated to be over 600 years old with one being almost 800 years old. Hurricane Katrina had a devastating effect killing off roughly 2000 of these majestic trees, but at least 5000 have been planted since then to take their place.

City Park in New Orleans is home to the famed Dueling Oak. This was the hotspot for gentleman to settle their scores via duels using pistols. It is located on Dueling Oaks Drive; and is situated between the Besthoff Sculpture Garden and the New Orleans Museum of Art. The brother in law of Governor William C.C. Claiborne, Micajah Green Lewis was killed here after being shot by former president of the state senate Bernard de Marigny. Dueling was banned in 1890; but while there may not be any more duels, City Park still remains a great source of inspiration and beauty for the residents of Lakeview and the many visitors that come to New Orleans each year.

Another New Orleans institution that had added flavor to the Lakeview area in recent years is Morning Call. In 2012 the New Orleans beignet machine opened a location inside the Casino building on Dreyfous Avenue. Originally established in 1870, Morning Call is also known for its rich café au lait, blended with chicory coffee. Cash is the only form of payment accepted. Of course, the residents of Lakeview are well aware so they will always have the cash on hand.

Lakeview Today

Lakeview in New Orleans is one of the finest neighborhoods New Orleans has to offer. Whether it is a young family looking to purchase a home in the city without being “in” the city, or you’re a college student looking for a rental; Lakeview has you covered. It is not known for its diversity, but it more than makes up for that with its roots and the determination of its residents to continue making it one of the safest, most family oriented of neighborhoods in the city of New Orleans.

The young people who are now flocking to Lakeview are simply continuing the traditions and lifestyle which generations before them came to know and love. Lakeview is a New Orleans mecca for hospitality and charm. The type that can only be found in the city called the Big Easy; the Crescent City, New Orleans.