Benefits if you sell or list properties for rent online

Today, in this running world, where time is a hurdle and everything is available, just one click away, selling property is becoming quite popular online. Gone are the days when online mediums were only considered for shopping for clothes or accessories. However, the online medium is becoming very well known and engages consumers in buying, renting and selling properties in India and other parts of the world.

Online property portals are attracting everyone's attention, giving you the highest benefit of selling and buying without any hassle. They offer many options for people to buy and rent property. It is therefore advisable to list properties to sell or rent online. No matter where you live or a place to look for a property, property portals help you browse through the results from across the country and make you aware of your decision.

Here are some benefits that suggest you post your property now for free:

 

Sell ​​and acquire

Fast results and immediate cash are expected when selling property online. Listing the property online can result within a week of registration. The reason for this is that online listings on the Internet cater to a wider audience.

No fear of losing money

If you wish to cancel the property and have not taken the PIN or voucher generated online to the builder for further action, you can claim a full refund. Portals also provide the facility to post your property for free. Thus you can sell your property without spending anything.

Online booking

One can post a property addition online and make a booking from house. With various online payment modes and gateways, today you can sell your property online and receive payments very quickly. And if you are worried about your credentials and details online, do not be. Just make sure, online portals are reliable followed by a secure payment gateway. Those who are considered safe to give your information.

Out of options

An online property portal gives you lots of options to view. Yes, most developers and even their agents and brokers list properties to sell or rent online to ease your worries. You can choose the best option for you.

Specific research forbuyers

All information is available on such portals, from cities to locations, especially for the project with its specification and configuration and pricing details. You can also compare two plans or two localities as per the requirement and then arrive at your purchase decision.

Discounts and offers

In the current scenario, some portals are offering many great deals and offers to buyers, as well as convenience to sellers. From the registry, discounts on the original price of the property, and stamp duty-free, car, and parking free, various offers are available online when booking your property.

Some useful tips forselling property online:

• Make sure you are ready to sell, once you have a contract with an agent or lawyer or a list of properties to sell or rent online, you will usually end up with a fixed-term contract are committed. Otherwise, it may prompt you to pay the defaulter fee. 
• Clarify your demands and the characteristics of the property that any buyer is pre-qualified. There is no need to waste time to show property to someone who cannot afford it.
• Get a fair valuation, and then do not acquire the property.
• Make sure it is ready to show, or be seen. If it is empty land then get rid of weeds or litter. 
• If it is a flat, apartment or business location, make sure it is in good repair. 
• When a house or house is involved, make sure it is clean and tidy.
  

  SUGANTA REALTY SERVICES LLP

5 Tips for First Time House buyers

Tip # 1 - Focus on interest rates

An increase in the interest rate can increase the payment on your mortgage, but it has a greater impact. The more you plan to borrow; the interest rate changes will affect your loan, payments and overall purchasing power. Interest rates can also affect the overall mood of the market. Changes in either direction can create a feeling of excitement in buyers and sellers alike.

Tip # 2 - You should be able to make more than just adown payment

At one time, house buyers could reduce payments coming out of pocket. All others were able to roll the related fees and closing costs into the mortgage. But these days, lenders want not only the down payment amount, but also their closing costs to be available in cash. And with some closing costs being 2.5% more of the loan amount, it can actually have an effect on how much home you can actually buy.

Tip # 3 - Before you start seriously looking for houses, become pre-qualified

Pre-qualifying a house loan is not a guarantee that you will be approved, but it is a good place. This is because getting pre-qualified will give you an idea of ​​how much house you can buy. Also, because your credit score, debt-to-income ratio, and down payment amount can have an impact on your interest rate, pre-qualifying will give you the information you need in the process so that you can improve your chances approve your loan at the best rate possible.

Tip # 4 - Do your due diligence when choosing an agent and / or lender

Buying a house requires a lot of research. However, your research should not be limited to just comparing places and properties. You also need to do your due diligence when shopping for a real estate agent as well as your lender. When you are buying your first house, trusting your agent and lender is paramount. Therefore, ask people you trust for referrals to realtors and lenders. Visit and talk with everyone before agreeing to use their services.

Tip # 5 - Be Ready to Move   

If you find a house you love, put in an offer and get ready to move because there are chances that things will move quickly. This is especially important if you are looking at houses priced in your budget or less. Buyers will jump on these properties because house prices are going up, they want to leave in a hurry, and so should you. Good luck!

 

SUGANTA REALTY SERVICES LLP

RERA Complaint Filing | How can buyers file complaint under RERA?

RERA Complaint Filing | What is RERA?

The Real Estate (Regulation and Development) Act (RERA) seeks to protect the interests of homebuyers and investors in the real estate sector. The RERA Act was notified on 1 May 2016, with some of its clauses notified, while all the remaining sections were notified on 1 May 2017. Under this Act, each state and union territory must notify the rules and regulatory authority for redress of grievances. The Act was formulated to streamline and standardize the unorganized real estate structure in India.

The Real Estate (Regulation and Development) Act, 2016 has been enacted by the government to protect homebuyers against unfair trade practices of housing development and real estate project developers. Developers must obtain all necessary approvals from government bodies before essentially presenting the project to the public.

Developers must display all relevant information on the RERA website of the respective states. In the era before RERA, homebuyers were required to file complaints with the Consumer Disputes Redressal Commission (CDRC), which took longer periods of time to address issues related to possession delays. RERA accelerates the grievance redressal process and removes the wrong builders from the market.

                                                                                                                           
Any person who has invested or has some legal interest in a real estate project can file a complaint with RERA. Under RERA, a buyer can file a complaint of: -

•    Passion delay
•    Wrong advertisement
•    Discrepancy in project registration
•    High advance payment
•    Structural defect
•    Incomplete project description

As per RERA Act, complaints can be lodged under Section-31 against developers, builders, contractors, agents or promoters of the project. Complaints can be lodged with the concerned State Regulatory Authority or the Assistant Officer within the norms prescribed under the RERA Act. It is advisable to seek the help of a lawyer at the time of filing a complaint as well as project document verification to avoid any future hassles.

The state-wise RERA portal has made online complaints for homebuyers hassle free. Filing a complaint under RERA can be given through the following steps:-

State's RERA website- Homebuyer is required to access the state's RERA website and register as a user. On the homepage of the website, the user can click on the "Complaint Registration" tab to file a complaint.

Filling up the complaint form - Once the user lands on the complaint registration form, he needs to fill his details and communication address to receive further communication. Subsequently, the user has to submit the reason for filing the complaint supported with the defendant (developer / builder / promoter / agent) details and supporting documents.

Fee Payment - Once the form is duly filled and verified, the user will have to make a small payment of Rs 1000 (varying from state to state) to further process the complaint. Users can pay online filing fees through various methods of payment.

Confirmation- post fee payment, the user will receive payment notification via message and email. The user can track the status of their complaint on RERA's website.

Chapter 8 of the RERA Act defines penalties, offenses and settlements in case the builder / developer / promoter fails to comply with the RERA rules. Delay in delivery, false advertising, structural defects and non-registration of a project with regulatory authority may impose a builder penalty of up to 10% of the estimated project cost.

In order to claim compensation from the builder, it is required to file a complaint with an officer in the same format as above. However, it should include additional details highlighting the cumulative interest developed for the payment schedule, distribution overrun and distribution overrun. Under the RERA Act, all complaints against builders / developers / promoters must be addressed by the RERA authority within 120 days.

Documents Required for Complaint Filing are:-

•    Sales agreement
•    Conveyance deed
•    Application letter

The RERA Act, which came into force in 2016, only managed to notify regulations and regulatory authority in 12 states and 1 union territory, Delhi, Maharashtra, Madhya Pradesh, Karnataka etc. are some of the states that are pioneers in the implementation process. In addition, 7 states and the remaining 6 union territories have managed to notify regulations in their respective states, but lack a regulatory authority to oversee this. Further, RERA is in progress in essentially the North-Eastern states, in the remaining 9 states except Jammu and Kashmir, where it is not applicable.

Until RERA is fully implemented pan-India, it will not succeed in reviving buyer sentiment in its area of ​​transparency and realty. Once the market is standardized, there will be an array of unsightly and out-of-market opportunities. However, in states where it has been successfully implemented, there has been a surge in demand from developers as buyers are riding sentiment.