Real estate in crisis: 4 strategies to save money

The real estate market has been going through the third crisis since 2008. And again, we see buying houses and apartments as a way to save their savings. Experts told us how not to lose money when investing in real estate.

Strategy 1: Stay Calm

As a well-known man in his prime said: “Calm, only calm.” Real estate is not a case where emotions can be the deciding factor in a purchase. Today the situation is different. The buyer has become more rational in choosing a project and the best period for the transaction, and this is a competent approach. We note that the stimulating factor is not so much the fear of devaluation, but rather the fear of a possible increase in the mortgage rate. Most purchases today are made using mortgages.

Strategy 2: Buy Smart

There are always risks when buying a home, especially in the primary market. Study its history, find out how many years it has been on the market, estimate the volume and growth rate. And look at which banks accredit it – this is a very important factor because financial institutions evaluate both the team’s professionalism and the economics of the project. After careful analysis, the most reliable construction companies get access to bank loans.

Strategy 3: Decided to Buy – Don’t Delay

Changes are coming in the mortgage market, which will directly lead to changes in the housing market. First of all, this will affect one of the most massive mortgage loan segments – with an initial payment of 20 to 30%. These actions aim to prevent the inflation of the mortgage bubble, but how this will affect the market is unclear. Today the market is transparent; developers keep prices, five high-stage objects, or those already built only in our company L1, so there is plenty to choose from. Therefore, if you decide to buy, take it. And for investment purposes, such a purchase will be fully justified.

Strategy 4: Primary & Secondary

We must understand that the risks in the secondary market are almost greater than in the primary. Besides, sellers – individuals – tend to raise prices when they are interested in an object, which is often a surprise to the buyer. In the market for new buildings, pricing is predictable, the risks due to the introduction of escrow accounts are minimized. 

There are no universal recipes; all buyers have different situations, tasks, and financial capabilities. But, of course, any option can be pre-calculated, and then a decision can be made about what is more convenient and profitable.


In the process of accrediting a developer, banks check not only documents. The audit evaluates the financial stability and experience of the construction company, its reputation, and the presence of cases in arbitration courts. After the accreditation of the construction company and its facilities, the work of banks does not end. Financial institutions have special departments that monitor construction and monitor the progress of projects.

What Is The Notice Period For A Furnished Rental?

You must respect a certain period of notice for a furnished rental before permanently leaving the renting accommodation. The duration may vary depending on the situation. If you have an urgent and legitimate reason, you can leave the premises as soon as possible.

Otherwise, time limits must be respected. In any case, you will have to meet certain conditions before you can definitively terminate your rental contract.

Like many other administrative procedures, the termination of a lease contract is governed under certain conditions. Indeed, certain modalities have to be fulfilled for the procedure to be admissible.

Respecting the notice period is one of the most important elements in terminating a rental agreement. In the event of non-performance, the opposing party may invoke the intervention of the competent authorities.

The length of the rental notice varies depending on whether the rental property is furnished or not. In general, this period is between 1 and 6 months, depending on the entity at the origin of the contract’s breach.

To proceed with the termination of your lease, it is important to follow certain specific steps at the risk of leading to possible conflicting situations, which are usually inconvenient.

And if the tenant can at any time break his lease contract, the lessor must imperatively justify a specific reason. In the event of fraudulent leave, the circumstances may turn out to be somewhat delicate.

The first attempt at resolution will be made at the two parties affected by the dispute. 

Rental notice: what is it?

The rental notice represents a time limit that the party at the origin of the breach of the lease agreement, whether tenant or owner, must respect in the context of the termination of a rental agreement.

In general, this period begins when the trigger announces its intention to break the agreement and ends when it is terminated.

In other words, the leave is effective when the time limit has expired. The length of the rental notice may vary depending on the situation that arises. More concretely, it depends on the reasons which encourage the termination of the rental contract.

Therefore, it differs depending on whether the tenant or the owner decides to terminate his agreement with the opposing party because of any motivation.

Compliance with this deadline is essential to avoid a possible future litigation situation. The procedures could prove to be more or less annoying and, above all, somewhat tedious.

Thus, it is preferable to proceed with an amicable breach of contract. This will give each affected party a fresh start. Thus, the former tenant can find a new residence that would be more in line with his expectations and the lessor a new tenant ready to live in his property.

6 Tips For Investing In The Real Estate Market

It could be that you have money saved or have a pre-approved credit in the bank that you have received an inheritance or the reasons that occur to you. The truth is that investment in properties is for those who have an amount higher than other operations, such as the stock market or a fixed term.

Before putting your money into this type of business, keep these tips in mind.

Take advantage of opportunities:

The ideal time to invest in the real estate sector depends on several factors, from politics and the economy (at the most global level) to the particular situation of a family. You can always buy a property at a much lower value if you make an offer that someone can not resist. The features lower their price for various reasons, but the main one is the lack of demand. There are assets in some less well-known areas, but which may grow in the future.

Look for an excellent legal framework:

To invest, nothing can be left to chance. Although you indeed have to take advantage of some opportunities offered by the market, it is also right that you have expert people on your side, such as a safe and reliable real estate agent. If you do not know anything about the sector, do not venture to buy yourself by saving yourself the commission.

Consider infrastructure and reforms:

A house that needs a lot of repairs is cheaper than a new one or in perfect condition. However, there are times when repairs are much more expensive, and ultimately you end up spending a lot more (and waste time in the process). Consult with bricklayers, contractors, electricians, etc. to give you a budget before buying.

The importance of the place:

Properties in the city center are indeed much more expensive than in the countryside, but you have to think about something: to whom will you sell or rent a property in a town far from everything? Isn’t it simpler to have offers in a neighborhood of any city?

Wait the corresponding time:

Any expert in the real estate sector will tell you that you cannot sell a property that you have just bought for at least two years. It is not a whim, but a reality. For value to appreciate, you have to wait. Keep in mind, then, that it is a long-term investment. If you want to make money in less time, buying real estate is not the best option.

Think about renting instead of selling:

The economic situation in many countries, added to the high requirements for taking out a loan, makes it difficult to buy a property. Considering that you have to wait two years to hang the sale poster, a good idea is to rent it in the meantime. You will receive a monthly income at that time, you will avoid paying services, and you can continue saving for new investments in the sector.

Advice from phoenix real estate agents to invest successfully

for investing in a new home, there are many factors to take into account to avoid being shipwrecked. Knowing first-hand some tips for making your phoenix real estate investment will make you feel like a fish in the water in this market:

Research and choose the right location

The location is one of the mostB relevant factors to make a good real estate investment. Choosing an area with medium and long-term revaluation plans that has the necessary services for day-to-day life increases the probability of subsequently selling and renting the home.

Also, it is important to invest near our city to be able to manage in person all the necessary procedures. In this sense, the expanding neighborhoods and the university areas become a safe asset when it comes to buying a property to use for rent. The coastal areas, meanwhile, become the perfect option to get a second residence.

Study the type of real estate investment

If you want your real estate investment to be profitable, you must pay close attention to the demand and supply that exists in your area of ​​action. Investing in residential housing is most productive in small cities and coastal areas. However, the best option in large cities is to bet on commercial properties to obtain greater value for the lease.

In both cases, it is necessary to adequately inform yourself about the community expenses of the property, since the return that you planned to obtain with your real estate investment will decrease.

Check the physical and economic conditions of the house.

A property in perfect condition fully furnished and with an adequate orientation that provides light to space, greatly expands the possibilities of sale or rent. However, when acquiring a second home as an investment, other relevant factors such as the age of the home, the useful meters and the distribution of the rooms must be taken into account, since carrying out a reform can decrease the expected profits with the purchase.

In addition to checking the physical state of the property, you must also go to the Property Registry to verify that it has no financial burden and is not in any litigation.

Look for profitability and long-term appreciation.

Do you want to obtain short-term profitability after making a real estate investment? You have certainly been in the wrong business. Normally, it is not until five years after the purchase of the property that it begins to appreciate and an increase in its value can be observed.

Diversify the real estate portfolio

The profitability is inversely proportional to the risk you want to take. To minimize the risks of our investments, we must have a property portfolio that is diverse enough to avoid a sharp drop in our finances.

Thus, a diversified portfolio should include both homes that have high probabilities of revaluation and properties that have a high rental yield. In this way, you guarantee a broad amortization of the real estate investments made.…

Real Estate Agents: Should We Go 100% Digital?

From prospecting to visits, the only way to work, today, is to carry out your usual tasks by the dematerialized way. That means :

  • Adapt your prospecting to favor the telephone and digital tools.
  • Focus your communication on your agency website, and make it the heart of your marketing actions.
  • Work on your local data to carry out remote assessments that are always as qualitative.
  • Build your real estate audience while waiting for the resumption of sales and purchase projects.
  • Offer tours adapted to the situation, whether it involves using virtual tools or asking the owners to make videos themselves.
  • Promote the most relevant acquisition channels.
  • Start a real estate blog and start publishing articles to demonstrate your expertise and attract prospects.
  • Support your prospects ( sellers and buyers ) with advice and recommendations so that they can take advantage of this “break” to refine the contours of their real estate project.

However, the idea is not to trade the usual process for a 100% digital real estate process, but only to prepare yourself and your prospects for post-containment, so as to be ready when everyone’s projects resume. The sellers will be able to sign mandates as quickly as possible, the buyers will visit the goods they have insight, and the machine will restart without delay … With a flesh and blood intermediary to take matters into their own hands.

Digital real estate, yes, but human first!

Impossible to deny it: in full confinement, with the impossibility for real estate professionals to perform simple tasks (taking photos of a property subject to a mandate, organizing visits…), it is tempting to look at all-digital as the quick fix. And to hope that a good part of the process can take place exclusively from a distance.

But this period, precisely, is only a period. The activity will eventually resume and with it the visits and signatures at the notary. It’s just a matter of time.

At this point, your prospects will not need an avatar on the web or a voice on the phone, but a real estate agent who can exchange with them, advise and physically support them. Otherwise, they could just be in touch with Google…

Let it be said: the physical agency will not cease to exist, any more than the real estate agent as such. Digital real estate solutions are not intended to replace human methods, but to optimize them and allow professionals to do their jobs better. Because, behind these innovations, there is a double benefit: improving its processes (for example by relying on local data to make more precise and more relevant estimates than ever), thus forging shock arguments to seduce owners; and save time on tasks with high added value, to devote a little more to prospects and customers themselves, and deploy an ever more human and close to people communication.

It should never be forgotten: real estate is human above all! And, paradoxically, this is the first lesson to be learned from containment.…

Do You Want To Know What The Most Common Bad Real Estate Practices Are?

The role of agencies, sellers, agents and real estate personnel is essential to maintain the growth and confidence of a sector that is clearly growing and that hopefully will continue for a long time. And it is that as we said before, trust is essential in the purchase and sale of real estate.

In other words, as a general rule, the purchase of an apartment is an operation that we are going to do once in our lives, so we risk a lot in operation. And it is that to achieve a transaction of this type, and it is necessary to have a series of measures to avoid real estate scams, fraud and loss of money.

Many real estate scams are avoided by hiring a real estate agent, but not just any. For this, it must meet the following characteristics:

  • Knowledge of administrative functions.
  • Know how to carry out commercial tasks.
  • Be attentive and look for new clients.
  • Be empathetic and a good negotiator.
  • Training, professionalism and knowledge of the market.
  • You have experience, extensive legal and legal knowledge.
  • And finally, the most important feature that it is reliable and offers confidence.

The reason for trust is fundamental for several reasons. First of all, a trusted agent is able to deal with more people since he earns people more easily than another less trustworthy agent, at least apparently. The second reason is that a good real estate professional has more experience, hence a broader portfolio of contacts.

A good real estate agent will avoid making the following mistakes:

  1. You will not post your rate in any type of ad. As much as some agencies sing out loud what they charge for their services, announcing the price of your services is a real estate bad practice that should not be done. The reason is that clauses and expenses can be included in the amount of the fees that are not added to the price or that vary depending on the objectives.
  2. Advertise flats without authorization. This is a more common practice than normal. In order for an agency to advertise a property, you must contact the owner or owners to get their permission. This must be included in a document known as a “sales order” where all the details and conditions of advertising are specified. Of course, the document must include the starting price, the agency commission, the transfer conditions and taxes and finally all the necessary documentation to advertise the house or apartment. It should even be specified on which platform (internet, in person, real estate platforms) it will be advertised.
  3. Include services for the elderly. An agent cannot and should not inflate the price of a home if he does not want to lose clients. Therefore, the correct thing is to establish a series of very clear conditions in the contract so that there are no problems of any kind. In other words, the fine print must be understandable and legible.
  4. Add things that are not met. For example, if the agency includes a strategic plan to obtain clients in the purchase and sale contract, it must comply with it. And it is that the more channels a property has, the more probabilities of sale it will have. The rights and duties of a real estate agent are the fulfillments of all the things that have been signed, including the marketing plan.
  5. Invent offers and flats. This bad practice is bread for today and hunger for tomorrow. What is the use of inventing offers or apartments that do not exist? Brazenly lying to get calls and customers is something that should be avoided at all costs. It is preferable to have a few floors but reliable than not many and some of them fictitious. Of course, it is the best way to lose customers.

Impact of a Credit Score on Buying a House

You have most likely checked out stories about simply how much your credit score can affect your capability to get a house mortgage if you’re simply starting the house purchasing procedure. While it holds true that you need a good credit history for the best rates of interest and loan terms, less-than-perfect credit does not need to be an obstruction to your imagined house ownership.


How Your Credit Score Impacts Your House Mortgage Rate

Your credit score is amongst the more vital aspects a lending institution thinks about before choosing whether to authorize you for a house loan. They also consider your debt-to-income ratio, your cost savings, and how much cash you have readily available to put towards a down payment.

Beyond assisting to figure out whether you can even get a house mortgage, your score also plays a big function in the rate of interest and payment terms you’re eventually authorized for. When estimating your house mortgage information, if your credit score is listed below average– which professionals state is anywhere from 650 to 699 and loan providers might factor in risk-based rates.

To balance out the viewed danger of handling a debtor with a low credit score, a lending institution might increase the rates of interest on a house loan. It implies that a credit score of 650 may get a better rate of interest than a credit history of 720, which might cost you 10s of thousands more over the life of your house loan.

What Credit Score Do You Need To Have To Buy A House in Arizona?

There’s no concrete response. However, professionals state that with a score of 660 can help you get approved for a house mortgage. Scores of 660 or lower may suggest winding up with high rates of interest and bad loan terms.

What’s The Most Affordable Score I Can Have Without Affecting My Eligibility For A House Loan?

If you do not fulfill those requirements, getting someone, parents or partner else with much better credit to guarantee for your loan might improve your opportunities of approval for a standard house loan. Otherwise, you might need to deal with improving your credit before getting a house loan.

What Rate Of Interest Can I Anticipate With My Credit History?

Credit scores are broken down into classifications that can help you assess the quality of your credit reliability and how far you need to go to improve it:

Poor – 300 to 579. Unless you have an underwriter or a cosigner wants to make an exception, it’s not most likely you’ll find house mortgage approval with a bad credit history. Anticipate a high-interest rate on your loan if you do find a loan provider ready to take you on.

Fair – 580 to 669. You ought to have the ability to get approved for a loan with a reasonable score, but your rate of interest will likely be high – in some cases considerably more so than with a really good or good score.

Good – 670 to 739. Your credit score might impact your rate of interest, but commonly not by much. You must see rates within 0.25% to 0.5% of the most affordable offered.

Very Good – 740 and higher. Your credit history will likely help you get the most affordable rates of interest and the very best payment terms the marketplace allows.