The real estate market is one of the biggest markets in India and there are many investors who are willing to pay higher interest rates on their property than the normal market rate.
This is because there is a big mismatch between the market value of the property and the actual value of property.
It can also cause a lot of problems for the real estate investors because they may not have any recourse against a bad property.
The average interest rate on real estate in India is about 5 per cent.
The average monthly loan is about Rs 25,000.
So, when one looks at the interest rates of a property, the total amount of interest is Rs 2.5 lakh.
So it means that you need to repay an amount of Rs 20 lakh in interest every month.
The real estate portfolio is a very important part of the investor’s portfolio and it can also be a major problem for them if the property they are buying is in a bad condition.
The best way to deal with the issue is to buy property from an agent who is willing to take on the risk of the loan.
This agent can offer a loan of Rs 2 lakh for the purchase of a 10-year-old home in the worst condition and the amount of the purchase is less than 10 per cent of the real value of that property.
But it is possible to find a better deal in an agent willing to put in the effort of finding the best property for the price.
The most common reason for the high interest rate for the agent is the inability to get the required approval from the Central Government to buy the property.
The Government can revoke an application for an extension of time to take up a property if the applicant fails to secure approval.
The main reasons behind the high loan-to-value ratio of properties are:The agent is in the market and not the buyerThe agent does not have a financial planThe agent has not done the necessary researchThe agent sells the property before the market closesThe agent wants a higher return on his investmentThe agent believes the property is in bad condition and wants to sell the property for a lower returnThe agent’s intention is to maximise profit in the transactionThe agent and the buyer do not have the same objectives in mindThe buyer is too optimistic about the futureThe agent was not able to secure the required approvals for the propertyThe agent sold the property at a lower priceThe agent did not have enough money in the bankThe agent purchased the property too earlyThe agent may not know the property’s condition and may have sold it at a high priceThe property has deterioratedThe agent bought the property in a very poor conditionThe agent had not done a financial analysisThe agent made a mistakeThe agent didn’t have enough knowledge about the property, its condition and potential future salesThe agent took the property to a private investorThe agent wanted to avoid being caught in a trapThe agent went to an agent with the help of a companyIn the process of finding a better property for you, it is best to buy from a professional.
An agent is able to advise you on the condition of the properties that are available in the marketplace.
The agent should be able to provide the following advice:-Buy the property from a reputable agent in the best conditionBuy the agent’s opinion on the property purchaseThe agent will take the necessary steps to get approval from Central Government before proceeding with the transaction.
This will allow you to buy a property at an affordable price.
You can find a list of agent services available at:Agents are licensed in the states of Maharashtra and Madhya Pradesh.
The agent is required to have at least five years of experience and three years of commercial training.
Agents will be required to provide information about their experience and experience level in real estate.
It is also recommended that the agent has completed at least two years of training in the field of real estate, including real estate investment.
This can include experience in the management of real properties and their management.
The agency will provide you with a detailed list of the agent services.
They are also required to inform you about the costs of the transaction and how the purchase price is being calculated.
The property can be sold in four phases:-The first stage is the initial purchase stage- The property is sold in one of several stages and the agent completes the appraisal- The agent completes a third stage to sell you the propertyAt this point, the agent will provide a financial report detailing the sale price, the estimated market value, the amount the buyer is willing for and the other financial information.
You can check the agent report online at:In case of an adverse appraisal, the broker may have to pay the agent a fee of up to Rs 25 lakh, which is more than the amount you would be willing to spend on the real property itself.
If this happens, the buyer should seek recourse through a third party.
In case the agent does have a good reputation, the seller can take up the loan at the lower interest rate.