Real Estate – Encompasses Land

Real estate this term includes buildings, plot, land, fences, wells and other fixed assets which are immovable. Real estate or real property in civil law jurisdiction is termed as immovable property. To put hands in real estate requires a bid investment. Every piece of land has is own qualities. Experts are called to find out the market value of a particular piece of land.

In purchasing and selling of real estate requires a lot of formal paper works done. There are several agreements made as a deal starts to take place. In the beginning there is no lawyers included but MOU (Mutual Consent Undertaking) is made between the two parties i.e. the purchaser and the current holder or owner of the property.

Whenever we look out to buy any resale flat they are various agreements and documents which has to be checked by the purchaser and also appoint a licensed Surveyor who is qualified to verify all the documents. There several essential documents such as sale agreement,power of attorney, share certificate, the very first agreement made on builders name, the current month bill of electricity, maintenance bill of society,municipality bill,transfer certificate and NOC from the society, corporation water supply is available,all property tax bill paid till current date etc.

If the flat is taken on loan then it is a must to go to the bank which has sanction the loan over the property and has all the original documents.

It important to check out that are there any other personnel loans or debts in the name of the owner of the flat your planning to buy which can give you problems in the future.

There are two ways in which a real estate transaction takes place first one where there are brokers involved from both the side and the second is direct transaction between the parties. There are advantage and disadvantage of direct deal advantage is that the 2 percent commission money which is to be given to the broker is saved but on other hand the details search that broker does about the documents of the flat and helps you till the deal is flourish with all the formalities of the registration work and name transfer which you have to do if broker does not exist.

If it’s your first time in real estate deal than it’s wiser to choose a reliable broker who is trust worthy. You have to pay 2 percent of the deal but you will be tension free of fraud which can happen to you. The brokers are bodies which act as the intermediary between the selling and the purchasing party. Their work is to market the best piece of property and sell them in highest price to earn good commission.If the broker is from the purchaser’s side its his work to give the deal according to the purchasers budget.

Whenever a purchaser chooses his agent he has to make an agreement between the him and the agent that the agent will assist the buyer to select the real estate and help him out till all the legalities of the deal is not finished over a share of commission in return to the agent.

Atlanta Real Estate Agents

Finding a good Atlanta real estate agent isn’t always easy, even though there are many great ones in the area. It is important to find an agent that is knowledgeable about the various neighborhoods in Atlanta, but it is equally important to find one who will really pay attention to what you say concerning your likes and dislikes. If your Atlanta real estate agent isn’t listening to what you are saying, your chances of successfully or quickly finding the property that you want are minimal at best.

Start by writing down what you want before you visit an Atlanta real estate agent. Knowing what you want ahead of time, and having that information down on paper, will save a lot of time, and the scheduled meeting will be much more productive. Determine what type of house you want, the size of the home, what type of neighborhood you would like to be in, your price range, and anything else that you can think of that will help your Atlanta real estate agent do a good job for you.

Your agent should only show you properties that meet your requirements. Beware of agents who are trying to pressure you into viewing homes that do not meet your standards or requirements. It could be that they are simply trying to unload a property quickly, with no regard to what your needs or desires are. Remember that you and your family are the ones that will have to live in the home that you choose – not the agent.

It is also important to remember that Atlanta real estate agents work on commission. Therefore, they only get paid when a home sells. In effect, this means that they work for the seller, and in most cases they have the seller’s best interests at heart – not the buyer’s. But there are those rare individual agents who actually take an active interest in helping the buyers find the home of their dreams. That is the Atlanta real estate agent that you want to find!