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1. Dont Believe These 5 Myths About Real Estate Agents

Do you need one? Do they pocket the whole commission? Let’s set the facts straight.

... Read More

1. Dont Believe These 5 Myths About Real Estate Agents

Do you need one? Do they pocket the whole commission? Let’s set the facts straight.

Buyers and sellers often enter the market with misconceptions about real estate agents — how they work, how the process works and what the agency relationship is all about.

It’s helpful to point out, without getting too far into the weeds, that in any one real estate transaction, there are most likely two agents: one for the buyer and one for the seller.

Here are five myths (and five truths) about working with both buyer’s and seller’s agents.

1. Agents get a 6% commission, no matter what

Most people assume that their agent is pocketing the entire commission. That would be nice, but it’s just not accurate.


First, it’s helpful to know that the seller pays the commission, and they split it four ways: between the two brokerages and the two agents.

Finally, the brokerage commission isn’t fixed or set in stone, and sellers can sometimes negotiate it.

2. Once you start with an agent, you’re stuck with them

If you’re a seller, you sign a contract with the real estate agent and their brokerage. That contract includes a term — typically six months to a year. Once you sign the agreement, you could, in fact, be stuck with their agent through the term. But that’s not always the case.


If things aren’t working out, it’s possible to ask the agent or the brokerage manager to release you from the agreement early.

Buyers are rarely under a contract. In fact, buyer’s agents work for free until their clients find a home. It can be as quick as a month, or it can take up to a year or more. And sometimes a buyer never purchases a house, and the agent doesn’t get paid.

Before jumping into an agent’s car and asking them to play tour guide, consider a sit-down consultation or a call, and read their online reviews to see if they’re the right fit.

Otherwise, start slow, and if you don’t feel comfortable, let them know early on — it’s more difficult to break up with your agent if too much time passes.

3. It’s OK for buyers to use the home’s selling agent

Today’s buyers get most things on demand, from food to a ride to the airport. When it comes to real estate, buyers now assume they need only their smartphone to purchase a home, since most property listings live online.


First-time buyers or buyers new to an area don’t know what they don’t know, and they need an advocate.

The listing agent represents the seller’s interests and has a fiduciary responsibility to negotiate the best price and terms for the seller. So working directly with the selling agent presents a conflict of interest in favor of the seller.

An excellent buyer’s agent lives and breathes their local market. They’ve likely been inside and know the history of dozens of homes nearby. They’re connected to the community, and they know the best inspectors, lenders, architects and attorneys.

They’ve facilitated many transactions, which means they know all the red flags and can tell you when to run away from (or toward) a home.

4. One agent is just as good as the next

Many people think that all agents are created equal.


A great local agent can make an incredible difference, so never settle. The right agent can save you time and money, keep you out of trouble and protect you.

Consider an agent who has lived and worked in the same town for around ten years. They know the streets like the back of their hand. They have deep relationships with the other local agents. They have the inside track on upcoming deals and past transactions that can’t be explained by looking at data online.

Compare that agent to one who’s visiting an area for the first time. Some agents aren’t forthright and might be more interested in making a sale. Many others care more about building a long-term relationship with you, because their business is based off referrals.

5. You can’t buy a for sale by owner (FSBO) home if you have an agent

In a previous generation, sellers who wouldn’t deal with any agents tried to sell their home directly to a buyer to save the commission.


Smart sellers understand that real estate is complicated and that most buyers have separate representation. And many FSBO sellers will offer payment to a buyer’s agent as an incentive to bring their buyer clients to the home.

If you see a FSBO home on the market, don’t be afraid to ask your agent to step in. Most of the time the seller will compensate them, and you can benefit from their knowledge and experience.

2. You Know Youre a Homeowner When...

I feel odd posting this under the “Friday Fun” category as this certainly was not fun... Read More

2. You Know Youre a Homeowner When...

I feel odd posting this under the “Friday Fun” category as this certainly was not fun at the time.  But, I thought others could find humor in my misfortune, and maybe even learn a lesson or two about proper garbage disposal usage.

Last Sunday the confirmation of my recently-acquired homeowner status hit me like a ton of bricks… or should I say, like a ton of food.

Who knew the kitchen sink was connected to the bathtub?  I sure didn’t, until our garbage disposal broke, sending large discarded lettuce leaves, carrot peels and cucumber ends into our central plumbing, causing it to clog and back up into our bathtub, of all places!  You can imagine my horror when I was getting ready for bed and discovered a tub filled with the remnants of that night’s dinner salad.

I hadn’t ever needed to call a plumber before (possibly the only thing I miss about having a landlord!) and the pages upon pages of options in the phone book were a little overwhelming.  I logged on to Judy’s Book to check out some recommendations for local plumbers and made an appointment for first thing in the morning.  Way to start off a Monday!

For those of you wondering, I have learned my lesson about garbage disposals.  My husband has been nagging me for years about the way I throw everything in there.  You should have seen his “I told you so” face.

When was the first time you realized you were definitely a homeowner, and fully responsible for your home’s upkeep, for better or for worse?

3. The New Wave of Real Estate innovation

Glenn Cohen, CEO of Expert Realty, gave a very interesting presentation last week at In... Read More

3. The New Wave of Real Estate innovation

Glenn Cohen, CEO of Expert Realty, gave a very interesting presentation last week at Inman Connect. He reviewed the history of the evolving brokerage business model over the last 30 years. Afterwards, he joined Brad Inman on stage and offered commentary on the elevator pitches of a half-dozen entrepeneurs. And it was at that point that Glenn made what I think was one of the most interesting comments of the conference: most of the innovation in the real estate industry right now is about liberating data (e.g., Zillow, Propsmart, etc), whereas most of the innovation five years ago was about alternative brokerage models (e.g, Zip Realty, Foxtons, discount MLS providers).

It made me wonder where the next wave of innovation will come from five years from now. Waddayathink?

4. Making Your Home Picture Perfect

You’ve heard the saying: A picture is worth a thousand words. And indeed, when it comes to ... Read More

4. Making Your Home Picture Perfect

You’ve heard the saying: A picture is worth a thousand words. And indeed, when it comes to selling your home, it rings true.

When I was searching for my first home, I often overlooked homes that didn’t have pictures online, and found myself gravitating towards the ones that had appealing photos. I swore off homes that had unappealing photos. But was it the actual home that didn’t appeal to me, or was it the lackluster photos that made the home look uninviting? I’ll never know, because I never even considered those homes in my search. That’s why, if you’re selling your house, it’s important to make your house shine in pictures.

In today’s featured article from the Real Estate Guide, you’ll find a handy checklist of tips and tricks to remember when you or your agent (or your agent’s photographer) are photographing your home. Here are a few nuggets of wisdom pulled from the article:

  • Shoot your outside photographs on a sunny day, if possible, and in full daylight. The sun should be in the back of you to avoid glare. Try to avoid capturing shadows across the home.
  • Include as much of the house as you can in the photo — all of it, if possible — but exclude the stuff that doesn’t really need to be in the shot (the sidewalk, the street, or your neighbor’s tree). Obviously, clear out the bikes, toys, trash cans, and anything else that might detract from the home. Move the cars as well.
  • Open the curtains and blinds. Closed curtains = go away. Open curtains = come in!
  • Now is not the time to get artsy. You want the house to stand out, not the weird photo angle.

I’d also like to point out that Larry Lohrman, a contributing blogger over at the Geek Estate Blog, wrote a great piece last week on the most important photo you can take of a homeCheck it out, then get snapping!

5. vastu tips to consider while buying home or apartment.

Vastu is an antiquated Indian Science of Architecture. While we as a whole have found out about V... Read More

5. vastu tips to consider while buying home or apartment.

Vastu is an antiquated Indian Science of Architecture. While we as a whole have found out about Vastu yet the majority of us are not completely mindful of what it is actually is and for what reason is it significant?

Vastu clarifies that everything known to man have a degree of vitality and that each building or land has a vibration of vitality related with it. The universe is worked of positive and negative vitality. Vastu targets killing the negative vitality and upgrading the positive vitality. Vastu Assists with Financial Prosperity Career Stability Academic Growth improving Relationships Helps in keeping up great physical and emotional wellness.

According to Vastu, the universe is made of 5 components in particular Earth, Air, Space, Fire, and Water. It says that the parity of these components is significant for pulling in energy at home. Each component has a predominant bearing as pursue. Since the Main entryway is the passage for the energies in the house, keep it spotless and enriched for drawing in wealth.The shading purple speaks to riches, consequently painting the dividers of the house purple would be advantageous. In the event that repainting the dividers is troublesome, you could keep a cash plant in a purple hued pot as a substitute.The money storage or almirah where you keep the money ought to be kept in the South or South-West mass of the house, so it opens up toward the North of the house.Placing a mirror directly before the money storage is another approach to draw in riches. It symbolizes that your cash is multiplied up!Keeping water bodies in the North-Eastern piece of your home symbolizes the progression of useful vitality. You could put a water body like a little wellspring, water nursery or some other water body show-piece.To evade monetary loses, ensure you fix defective fixtures, taps or any broken plumbing.Another straightforward solution for pulling in cash in Vastu is having a fowl feeder in the North Western piece of the house.

6. Decide if Your Loan Officer Is Reputable

When you really locate a home to purchase, the exact opposite thing you have time and vitality to... Read More

6. Decide if Your Loan Officer Is Reputable

When you really locate a home to purchase, the exact opposite thing you have time and vitality to vet is whether your advance official is legitimate. Simply show me the cash, nectar and we should continue ahead with it. 

Notably, be that as it may, this is the spot and time in the home purchasing process where you should be v-e-e-r-r-y cautious. In the present Wiki Wednesday highlight article, "Decide if Your Loan Officer is Reputable," contract organizer William Doom offers three things to search for when searching for moneylenders and for each situation, in case you're not getting straight answers, you should walk. They all have a comparable topic, which is trust. 

1. Search for a Mortgage Planner whose qualities are centered around helping people accomplish their budgetary objectives in both the quickest and the most secure way that could be available. 

2. A capable Mortgage Planner will give you money related data that goes past the purpose of the exchange, and will delineate the absolute expense of the credit after some time. 

3. In the event that your credit official is prompting you on issues other than contracts, you could be working with somebody who is bargaining your eventual benefits. 

Clearly, not all banks are made the same and it's dependent upon you to discover somebody who you trust and who can give you an incredible rate with remarkable client care. Furthermore, in the event that they shrug off any inquiries posed, you have to state bye-bye. Banks in the Zillow Mortgage Marketplace are evaluated by the nature of the credit quote, just as client assistance (screen capture beneath). In the event that you need an advance statement, the Mortgage Marketplace is overly straightforward for borrowers and in the event that you make a credit demand, you don't need to give your name, address, telephone or Social Security number! There's no dedication and no close to home data to uncover. The Marketplace is like Craigslist in idea where you post data namelessly — nobody knows what your identity is. We imagine that is a decent method to look for credits.

7. Real Estate Markets with the Biggest Drops Since Market Peak

Except if you've been living in a cavern or decline to participate in land features recently,... Read More

7. Real Estate Markets with the Biggest Drops Since Market Peak

Except if you've been living in a cavern or decline to participate in land features recently, it's basic learning that numerous neighborhood land markets are down around the nation. Along these lines, I thought I'd dive into the information of our Q1 Home Value Reports to discover which land markets endured the greatest rate drop since the pinnacle of the market for as far back as 10 years. 

I don't believe it's any genuine astonishment that the 15 markets with the biggest drop from their pinnacle are from California and Florida, dispossession problem areas that have been well-archived in the media. Merced was off 46.1%, Stockton 40.7%, and Punta Gorda balanced the main three at 39.5%. Coming in at number 16 with a 29.6% drop is Las Vegas, which encountered the biggest drop outside the crushed Florida and California markets. 

Next, I went to take a gander at the pinnacle esteems for as long as 10 years and accurately when the pinnacle happened. As indicated by our Zindex home estimation record, the pinnacle of the United States lodging market in the previous 10 years happened in Q3 of 2006 in which the Zindex was $235,000. At present, the U.S. Zindex is $213,000, which is down 9.2% from pinnacle esteem. 

Onto nearby markets. The main market with a pinnacle of under $100,000 was the Muskegon-Norton Shores MI metropolitan factual zone (MSA), which came in at $99,000 in Q3 of 2004. Be that as it may, there are right now six markets with a Zindex of under $100,000. Stone, MI, comes in at the lowest possible quality with a Zindex of $77,000. With respect to the most noteworthy pinnacle Zindex? Coming in at $759,000, that respect is held by the Santa Cruz-Watsonville CA MSA.

8. Tips on Saving for Your Ideal Home

I’ve always wanted to be a homeowner, however with all the doom and gloom these days about ... Read More

8. Tips on Saving for Your Ideal Home

I’ve always wanted to be a homeowner, however with all the doom and gloom these days about the current housing market,  I’ve found myself much less inclined to purchase a home than I had been previously.  At least that’s what I thought until I spent the weekend spiffing up my sister’s recently purchased home– talk about sibling rivalry!

The 900 square feet that my husband and I live in was dwarfed by the almost 2,000 my sister now has at her feet.  We spent the weekend painting walls whatever color we wanted (no need to get approval from the landlord!), playing fetch with her dog in her private, extensive backyard and playing music while we worked without a second thought of what those sharing a wall with us might think.

And thus, on my drive home, I started rethinking this whole ownership thing.

I quickly realized, however, that if I ever want this dream to come true, I better start saving now.  I happened upon a Real Estate Guide article that walked though the 10 Tips on Saving for Your Ideal Home (Thanks Home Loan Guru!).  And while everyone has their own savings mantra, I thought this was a pretty helpful way to look at things.  Here are a few of my favorite tips:

Define the Big Picture— how much can you afford, realistically, to spend on a home, based on your current income?  Check out some of our mortgage calculators if you aren’t sure– or contact a professional..

Determine Your Necessities– I personally know that I will need my Starbucks fix at least twice a week– so I have budgeted this expense in, guilt free.  There are other things, however, that I know I can cut out without too much effort– like avoiding the Nordstrom Anniversary Sale.  Keeping a realistic budget, and sticking to it, is key in saving for a new home.

Be Patient— Realize you aren’t going to be able to make all these changes overnight, and thus be ready to purchase that home in just a few months.  Things will come up you aren’t anticpating– perhaps your car needs new brakes, or you can’t bring yourself to say no to a girls spa day.  Just keep the faith– and know that the end result is worth it!

9. Impact of Gst on Real Estate.

The New GST rates have been introduced for residential real estate which have come into effect fr... Read More

9. Impact of Gst on Real Estate.

The New GST rates have been introduced for residential real estate which have come into effect from the 1st of April 2019. The new GST rates on residential real estate transactions have been proposed below.GST will be  charged at 5% without Input Tax Credit (ITC) on all the  private properties that are not part of the moderate lodging fragment.

GST will be charged at 1% without ITC on all the  private properties that are incorporated into the reasonable lodging portion.GST on underconstruction properties  is 12%. GST doesn't make a difference to closeout of finished properties or to the resale of old properties. Manufacturers get input tax credit (ITC) on the materials obtained from providers/contractual workers and under the current GST structure, were relied upon to pass it on to home purchasers. Anyway this has not occurred up until this point. Therefore there might be changes in the GST system concerning land later on.The GST Council has reported the material criteria for qualification of a private property in the moderate lodging portion as a major aspect of the 33rd GST Council Meeting official statement.GST will be collected at powerful pace of 5% without ITC on private properties outside reasonable section, while GST will be demanded at successful GST of 1% without ITC on moderate lodging properties.

With a portion of the key contributions for development, for example, blocks, stone, equipment and so forth originating from segments which are generally unorganised, meeting the state of 80% acquirement from enrolled vendors for concessional GST rate could be testing, particularly in Tier-2 and littler urban areas.the truth will surface eventually whether the decreased GST rates for under-development properties will give the essential fillip to the land area which is at present seeing difficulties. "The worry in regards to the diminished pace of 5% and 1% is that it is offered without the capacity for manufacturers to assume information charge acknowledgment, which could really prompt an acceleration of expenses.

10. How can we make sure this never happens again?

One thing I have noticed is that there is an enormous measure of disdain towards shoppers who bec... Read More

10. How can we make sure this never happens again?

One thing I have noticed is that there is an enormous measure of disdain towards shoppers who became tied up with the furious 'must act now! costs are soaring, don't get left behind!' showcasing ploys. A portion of that outrage isn't lost all things considered, without the very willing customer, we would not be in the pickle we are in! 

I met individuals along my twisting street in the business who completely, decidedly were mishandling the benefit of owning a home. Individuals got the money for out their value once every year to 'solidify' their obligation. From 2002 to 2005, individuals renegotiated upwards of multiple times 'pursuing' the most minimal rate and adding thousands to their credit balance each time, also the new vehicle, or the new pontoon. 

When in doubt, shoppers are not shrewd. We shouldn't be. In the event that we were savvy, great promoting and 'brilliant sparkly articles' would have little effect on us. How about we develop our guards with the goal that whenever we are altogether brought into the 'cash get it while it keeps going's party, we can leave solid! 

Here's a couple of ways we can guarantee that this wreckage we end up in doesn't occur once more. 

1) Cut up your charge cards. I'm similarly as liable as anybody of purchasing something using a loan Idiocy, and this training ought to be as restricted as could reasonably be expected. On the off chance that you have almost no obligation, there won't be a 'hurry' to merge next time lodging costs go up. Many, numerous individuals had 30-60k in Mastercard obligation, and felt that renegotiating was the 'enchantment pill' to assist them with trip of issue. That didn't end well, did it? 

2) Don't EVER pass by what an advance official or realtor discloses to you that you can 'manage'. Try not to pass by endorsing rules, pass by what is agreeable for YOU to pay. On the off chance that you make $5000 per month, however bring home $2300 and have a great deal of unreported costs a $300 telephone bill, $600 month bill for your power (every one of those hot tubbies include!), $45 jam of the month club bill and so forth, you have significantly less cash to work with. In the event that somebody says you meet all requirements for $1800/month, it is dependent upon YOU to decide if that is precise and possible. Nobody realizes your precise budgetary circumstance superior to you! 

3) Read your credit archives. Regardless of whether your lawyer says 'everything's fine!', despite everything you should understand them. On the off chance that you renegotiate your home, you have 3 days (and more on the off chance that you close before an end of the week) to audit your reports with the utmost attention to detail. DO IT. On the off chance that you have questions, inquire. Go onto the Mortgage Discussion Boards and request free guidance, from individuals who have no 'stake' in whether you close or not. On the off chance that you are acquiring, request your advance reports ahead of time, or take as much time as necessary at your end. On the off chance that you feel surged, tell your lawyer, operator and whoever else is there to unwind. On the off chance that they are not responding to your inquiries, leave the table. Dealers nowadays are eager to work with individuals, so disclose to them you need to purchase the house, yet need additional time. Locate another moneylender and another lawyer if important. Is this over the edge? Maybe. Be that as it may, I can't reveal to you what number of individuals left all necessary signatures since they believed they 'needed' to. What were they marking? Pre-installment punishment riders, contracts for credits they didn't make a difference for, and so on! 

4) Don't get covetous. I'd state one of the most compelling motivation we are in this circumstance is the old 'staying aware of the Joneses' marvel. Your neighbor purchases a hot-tub, so you do. Your cousin goes to Cabo, so you do. Living inside our methods has never been particularly simple, yet on the off chance that we won't be exploited again, and on the off chance that we feel any regret whatsoever for where we are at the present time, we should get past this juvenile conduct. On the off chance that you can't manage the cost of something, don't get it. Because Chase or CITI or whoever sends you a Visa with a $15k breaking point doesn't mean you need to take it and use it. 

Regardless of whether you need to accuse the banks, the handles, the realtors, or the shoppers, one thing IS totally valid WITHOUT the willing customer, there is no 'free for all', there is no 'over-swelling', there is no 'showcase breakdown'. Things being what they are, how about we keep away from it next time, will we?

11. Why Buy a House?

I sympathize with Jennifer's agony. Monetary figures recommend that the entire world is self-... Read More

11. Why Buy a House?

I sympathize with Jennifer's agony. Monetary figures recommend that the entire world is self-destructing and Armageddon is soon upon us. With reecent memory of the profound downturn of the mid 80s and dread of a delayed Depression of the 30s, it's anything but difficult to get dug in the pessimism related with the land decrease. 

However, you ought to think about owning land. Warren Buffet, frequently alluded to as "The Oracle of Omaha", offers us these sayings. My remarks are beneath: 

1-Wide enhancement is possibly required when speculators don't comprehend what they are doing. 

All land is neighborhood. Markets, and sub-markets, here and there act in extremity as opposed to in show. While San Diego land was falling, Austin and Dallas were blasting. Today, properties in certain sub-markets of San Diego County are as much as 55% off of their significant expense and offer both utilitarian and characteristic worth . The emotional decrease in oil costs (I revealed to you that was coming) will influence the Texas advertise, presumably for a considerable length of time to come. 

Get your work done! It is profoundly improbable that you will have the option to time indisputably the base of the market. At the point when industry members, as Jennifer, start getting depressed, I can guarantee you that deals are being ignored; I've witnessed this previously. 

2-Only purchase something that you'd be splendidly glad to hold if the market shut down for a long time. 

Keep in mind when you had your first disaster? Your mom stated, "Time recuperates all injuries!". She was annoyingly bright however she was correct. When you got over the loss of momentary high school love, you understood that Mr. or on the other hand Mrs. Superb was hiding around the bend and moved on. 

We should discover Mr Wonderful property, will we? 

You figure it may bode well to purchase as opposed to possess however you don't have the foggiest idea when that really pencils out. How about we accept you lease a house on 123 Ocean Street in Happy Beach, CA for $1500/month. The house over the road, at 126 Ocean Street is offered available to be purchased at $265,000. Which value offers you the "possession advantage"? We should do some mixed drink napkin* math to discover the appropriate response. 

Remember that a dominant part of your home loan installment is charge deductible. Intrigue paid and nearby property expenses can be discounted against your pay (accepting you separate). Your family unit pay is $75,000. In California, the peripheral state expense rate would be 6% and the minimal Federal assessment rate would be 25%. This implies about you'll spare around 31 pennies of each dollar paid in home loan premium and nearby property charges. In the event that we partitioned 90% of your lease installment by (1-.31), we'll get the surmised installment equality. 

$1500 (.9)= $1350 

$1350/.69= $1956 

PITI installments are ABOUT $8/thousand. Note Bene: This is a surmised number. 

Partition $1956 by 8 and you'll land with 244.5 If you utilize a FHA advance, you'll need 3.5% for an up front installment. Gap $244,500 by .965 and you'll have a price tag of $253,000. This implies you can pay up to $253,000, for the home on 126 Ocean Street, and pay less cash, on an after-charge premise, than what you pay for lease on 123 Ocean Street. 

We purchase property for thankfulness and we're not figuring in for that at the present time. We simply need to play out a lease V purchase examination, on a mixed drink napkin*, to perceive what value you should pay. 

3-We basically endeavor to be frightful when others are avaricious and to be eager just when others are dreadful. 

Gosh, this one is SO natural. You should simply turn on CNBC or CNN to see all the Chicken Littles shriek about the finish of Western human advancement; that is FEAR. You should think about ravenousness as a suitable reaction. 

4-Our preferred holding period is until the end of time. 

On the off chance that you can live with the house offered, for a mind-blowing remainder, and it costs less cash to purchase than to lease, you're most likely making a really decent arrangement. Certainly, the market may decrease another 5%,… or 10%,,,BUT… you're holding time is until the end of time. You can bear the cost of the installment, can live in the house always, and will withstand the unpredictability related with private land today. 

You may even profit, after some time. Show restraint. Beneficial things go to the individuals who pause.

12. How Many People Does It Take To Qualify For A Loan?


How many people should you include on your mortgage ... Read More

12. How Many People Does It Take To Qualify For A Loan?


How many people should you include on your mortgage application in order to qualify for a loan?


As few as possible.

Recently I had a file come across my desk from someone who used to work in the mortgage business. They are in the process of possibly losing their house and were wondering what their options are at this point.

In 2002-2007, the husband made significant amounts of money – enough to qualify for a very large mortgage.

When they bought their home in 2006, the husband worked, the wife didn’t and the husband made plenty of money to qualify for their mortgage on his own. For whatever reason, when they bought the house, both husband and wife decided to be on the loan – even though they only used the husband’s income and credit to qualify.

Fast Forward to 2009 and they are now facing the real possibility of both of their credit profiles going-down-the-tubes unless something happens where they get a loan modification done and they are able to save their house from foreclosure.

“Is there any way to get my wife off of the loan so that at least her credit won’t be impacted and at least one of us will have decent credit?”


Not now.

You can’t remove a borrower from a loan without refinancing and in order to refinance, you are going to have to completely re-qualify for a new loan. In this case, this couple can no longer qualify together – much less with only the husband’s income.

When I was younger, I learned a phrase that can be directly applied to this situation:

“Control the downside and the upside will take care of itself.”

Had this couple controlled the downside by having as few people on the loan as possible (i.e. only the husband) if everything went wrong – they could at least save the wife’s credit in the process.

Which is why when I am asked the question “Do you think my wife should be on the loan with me?”

My answer usually is…

It depends.

13. Sarjapur waiting for Prestige Smart City ?

Well Sarjapur road is one among the busiest areas in Bangalore. Sarjapur is one of the most strategically located in the east of Bangalore. The area has seen a tremendous growth in the last decade. The land Prices in the area has shoot up big time with corporates like Wipro having their headquarters in sarjapur road. Sarjapur, strategically located close to Electronic City in East Bengaluru, has seen property prices appreciating by 32.56% in past five years.
Along with Sarjapur Road, Varthur offers proximity to the key office areas in Whitefield, Electronic City and Koramangala. "Being a part of the Outer Ring Road, these two areas have benefited significantly from the growth of IT corridors. There has been a lot of buzz already created about the project and eagerly waiting to see what Prestige has got in its store for all his investors. Prestige group has recently announced that it is coming up with one of the largest projects Bangalore has ever witnessed, a project spread more than 200 acres of land, prestige smart city is going to be a city in a city. Ever since prestige group has announced there is a lot of buzz which is been created in the market about the project. Prestige smart city offers commercial and residential apartments which are one of the major pull for the investors as the investors are always keen on investing in either commercial or residential property near to commercial. Prestige constructions have already few projects in the sarjapur area. Prestige Smart city is going to be one among the largest developments in Bangalore that the city has seen. Over a  decade, Prestige Group has established itself as one of the leading and most successful developers of real estate in India by delivering quality product

14. Area analysis of all the corners of Bangalore.

The area analysis of all the corners of Bangalore is mandatory before moving into the city. As it will give you a bigger picture of what Bangalore really is. Bangalore as well can see has people from all corners of the country coming down for their own personal reasons and a few even choose to settle down. This is a guide for those people who actually choose to stay!

  Bengaluru North.

Bengaluru North is the most recent up and coming areas that Bangalore has witnessed as it is that side of Bangalore that has still not been tampered with much! It is a place for people who would love to stay in the nature inside the city limits of the concrete jungle. The Airport is the closest from this are! It takes a maximum of 25-30 minutes to get to the Airport from this side of the city. One of the special Economic Zones (SEZ) in India is coming up in Bangalore North along with a lot of interesting Residential Projects.

 The drawbacks of this area is that there is a shortage of water in that side of the city. Not as much as that, that it could be called an area with completely No Water. The other point is that it is a little far from the heart of the city also it is not yet a completely established area! Parts of that side of the city even have people farming and there are people taking care of their herds. Apart from this it is one of the best areas to Invest in. Localities like Hebbal, Hennur and Thannisandra come under this side of the city!

Bengaluru East.

This side of the city is very well-developed. Has all amenities that a good locality would have like good shopping malls, classy Hotels and what not. This area has the whole IT Hubs based inside it. This area has all the large companies that are based in Bangalore. Hence, people who come from other places and are working the one of the technology parks inside there prefer living In that side of the city! As there is so much in flow of the corporate crowd there are many people looking out for rented flats in that area. Which suggests that, that is a very good area to invest in for earning a good rental yield.

 Talking about the drawbacks of the area there is A LOT of traffic people face on that side of the city which tells us that there are high levels of Nox in that area which obviously is hazardous to health and more over it is not a place for people who are looking for some good greenery around them.

Bengaluru West.

This is the oldest area in Bangalore. It has a few of the heritage spots of the city in it! Staying on this side of the city will give you the true essence of staying Bangalore. The majority of people who live there have been staying there for quite some time. The real taste of Bangalore in terms of food also can be enjoyed this side of the city! This side of the city is also very well developed as the World Trade Center coming within this jurisdiction. This area also gives you a very good connectivity to all the sides of the city.

 Every area has their own kind of drawbacks. So, the drawbacks faced by this area are that it is very Expensive to buy a property in this side of the city and also that it isn’t suitable for people working in the Malleshwaram, Rajajinagar and Mysore road.

Bengaluru South.

This side of the city is a little like Bangalore North the only difference being that it is actually possible find out that Bangalore used to be a hill station by looking at this side of town. The roads go uphill and downhill in many complicated ways! This area is a very calm and serene place. On this side lies the Art of Living Ashram that people from various countries visit. In case anyone is planning on building their own house in a free and open space. This is the place to invest!

  Although, this side of town is not a really great place to invest due to various reasons. One of the reasons is that it is 50 Kms from the airport and with the traffic conditions in Bangalore. 50 Kms is too much to handle! Also, there is not much of the commercial development happening on that side of the city! A few areas on this side of the city are: Bannerghatta, Kannakpura and many others.

Bengaluru Central.

Central Bangalore is one the BEST localities to stay in. As it has everything! This is the center most part of the city because of which the connection to any part of the city is unbelievable! There are places like Brigade road, Indiranagar and Shanthi Nagar that come under this jurisdiction. This area has one of the best crowds of Bangalore living in it. As there are both residential and commercial requirements of people over here It makes either kind of investment fruitful! The rental yield in this area is just spectacular!

 The only drawback is that it is expensive in a very deadly manner. Not everybody can afford purchasing in this area as even the rent for any property is extremely high and one more thing is that there is very little open space in this locality. It is in the heart of the concrete jungle.   


15. All you need to know about the Model Tenancy Act.

 Mainly what you need to know about the Model Tenancy Act is that The Ministry of Housing and Urban affairs have drafted a ‘Model Tenancy Act’ which envisions to balance the interests of both the Landlord and the Tenant so that there accountable and transparent system to rent out the premises in a very disciplined manner.

The key factors that the Model Tenancy Act consists of is that:

  • This act is mainly focusses on the tenants refusing to move out of the property after the agreed rental period expires. If case this happens the landlord has all rights to claim double rental value for 2 months and four times of the monthly rental after which. This will help put to rest one of the biggest fears landlords have while giving out properties for rent.
  • The new Model Tenancy Act 2019 aims to keep the rental deposit at 2 months of the agreed upon rental value for residential and 1 month for any other kind of properties. Although in cities like Bangalore where landlords ask for at least 6-7 months of rental amount as deposit. It is going to become hard for them to adjust and also they will have a fear of not recovering the cost of any major damages caused by the tenant during his period of stay.
  • The Act emphasizes on the fact that the landlord cannot refuse to provide essential utilities and access to common facilities.
  • The landlord also cannot increase the rent without giving a good 3 month notice period. This is another big advantage of the Model Tenancy Act.
  •  Within Two months of executing the rental Agreement it is mandatory for both parties to Intimate the rent Authority about the tenancy agreement. The rent authority within 7 days will issue a Unique Identification Number to both parties.
  • Mainly, It must be noted that Existing tenancies will not get impacted as draft model tenancy act will be applicable prospectively.



To find flats to invest in do visit the link enclosed here.  

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