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Unveil the ever-evolving world of real estate with bhuminivesh.com, your one-stop shop for insightful news, impactful trends, and expert-driven market analysis. We empower informed decision-making by delivering the latest real estate news, trends and insights straight to you.
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bhuminivesh.com is your premier destination for Current Real Estate Happenings
Unveil the dynamic world of real estate with bhuminivesh.com, your trusted authority for the latest real estate news, trends, and insights. We empower informed decision-making by delivering current market updates, insightful analyses, and expert-driven perspectives – all designed to transform you into a real estate savvy investor. Our comprehensive platform keeps you ahead of the curve. Explore our news area in-depth to learn about recent events in the industry, alterations in policy, and shifts in the market that may affect your investments. We provide in-depth trend assessments to interpret market movements, spot profitable possibilities, and project future trajectories. We go beyond the headlines.
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Frequently Asked Questions
A real estate agent is licensed to assist with property transactions, while a Realtor is a licensed agent who is also a member of the National Association of Realtors (NAR), adhering to a strict Code of Ethics and additional professional standards.
To determine the value of a property:
- Compare Similar Properties: Look at recent sales of similar properties in the area.
- Consider Location: Location greatly influences value.
- Assess Property Condition: Evaluate the age, maintenance, and upgrades.
- Review Market Trends: Understand current market conditions and trends.
- Get a Professional Appraisal: Hire a licensed appraiser for an expert valuation.
- Consult Real Estate Agents: Agents can provide comparative market analyses based on their local knowledge.
Property taxes are levied by local governments on real estate properties and are a major source of revenue. They are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by a tax assessor, taking into account factors like property size, location, and improvements. The tax rate, expressed as a percentage, is applied to the assessed value to determine the annual property tax amount.
Example: If your property is assessed at $300,000 and the local tax rate is 1.5%, the annual property tax would be $4,500.
Some common pitfalls to avoid when buying a property include:
- Not getting pre-approved for a mortgage: Knowing your budget upfront helps in focusing your search and making competitive offers.
- Skipping property inspections: Inspections uncover hidden issues that could lead to costly repairs later.
- Neglecting to research the neighborhood: Understanding local amenities, schools, and crime rates ensures the property meets your lifestyle and investment goals.
- Ignoring hidden costs: Beyond the purchase price, consider closing costs, property taxes, and ongoing maintenance expenses.
- Failing to review the contract thoroughly: Ensure you understand all terms and conditions, including contingencies and timelines.
- Not considering resale value: Evaluate the property’s potential for appreciation and marketability in the future.
Avoiding these pitfalls can lead to a more informed and successful property purchase.
Financing options for international buyers or non-residents purchasing property in a foreign country typically include:
- Cash Payment: Many international buyers choose to purchase property outright with cash.
- Local Mortgages: Some countries offer mortgage loans to non-residents, although terms and requirements may vary and can include higher interest rates and larger down payments.
- Developer Financing: In some cases, developers offer financing directly to buyers for new construction properties.
- Private Financing: Non-traditional lenders or private investors may offer financing options, though terms can be less favorable than traditional mortgages.
Each option has its considerations regarding eligibility, currency exchange risks, and legal implications. Buyers should research thoroughly and consult with local financial advisors and real estate professionals for guidance.
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- Breaking News: Keep up of the latest developments in real estate news with our real-time coverage. Learn about changes in the market, policy changes, and industry trends that affect your assets.
- In-Depth Trends: Dive deeper with our analysis of the latest real estate trends. We unpack market movements, decode investment opportunities, and forecast future directions to guide your strategies.
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Source: ET Realty
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Real Estate Stock Update!!
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BIG BREAKING NEWS
CMD of Prestige Group Irfan Razack honored Karnataka's second-highest civilian award.
Razack has been working in the real estate industry for over 30 years. During this time, he has expanded the company's operations to include various sectors like residential, commercial, retail, hospitality, property management, and warehousing. The company is now active in more than 12 major cities across India. The company has successfully completed 300 projects covering a total area of approximately 190 million square feet.
On the occasion of Kannada Rajyotsava, which is observed annually on November 1st, the state government presented the award, which is regarded as the second-highest civilian honor in the state.
Source: Hindustan Times
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Just Real Estate Things🏡
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The demand for commercial real estate is dominated by the BFSI sector; 50% of leased space is in Hyderabad, Bengaluru, and Mumbai.
The need for office space has increased, and the Banking, Financial Services, and Insurance (BFSI) industry is now India's second-largest occupier, after the IT/ITeS sector. Up till the third quarter of 2024, office leasing in the BFSI sector made up 16.4% of the total gross leasing of 53.4 million square feet in the top seven cities in the nation, which are Hyderabad, Pune, Bengaluru, Chennai, Mumbai, and Delhi NCR.
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Gurugram City Analyses 🏢 🏡
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BIG BREAKING NEWS!!
Source: ET Realty
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Stay informed! Here’s your weekly roundup of the top stories shaping real estate world 🏡
✅Luxury real estate demand surges, Mumbai alone sold 21 ultra luxury units collectively worth ₹2,200 crore
✅YEIDA's new housing plot scheme 2024: Prices, plot sizes, eligibility and other details
✅Commercial real estate outlook will improve in 2025, MetLife says
✅China home sales rebound as stimulus boosts buyer morale
✅4BHK in Gurgaon or river-view penthouse in New York? What $3 million gets you in India vs US
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BIG BREAKING NEWS
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Just real estate things!!
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September 21, 2024
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September 13, 2024
The website is easy to navigate, with well-organized categories and clear search functionality. I can quickly find the information I need without any hassle.
September 13, 2024
I’ve been following RERA updates on this website, and they break down the complex legal jargon into easy-to-understand terms. It’s a great resource for understanding my rights as a buyer.