February 26th, 2009
There are very many business investment chances in real estate. You need to build your cash reserves and savings. You are not likely to risk your savings if you invest in this area. The other good thing about real estate business is that you can set your office at your home premises. Mostly what you need in terms of equipment is a computer or a laptop, a phone, a fax machine and a decent room in your home where you can entertain your clients. The room should have nice office furniture and be tastefully decorated. With coming of internet this business has really changed, it is now not necessary that you have to have lots money to invest here or engage in this business. Here you do not have to have to own property to profit from it, rather you act as the bridge between the property owner and the buyer. Below are ideas on how to go about it.
Establish yourself a website. Cob for all vacant houses for lease in your area and advertise them on your site. Give the clients all the necessary information. Agree with the property owners on your premium when they advertise on your site. The more clients you get the higher the returns. Use other property site to advertise then charging the owners of the property some agreed premium amount to offset your trouble.
You can become the online dealer.
You find the properties; sign the contact online with the sellers, then sell the property on the owners behave. Purchase contracts can be sold to the retailers in turn, thus making huge profits in turn. This is called assignment of contract. In this business, you will need money for securing the property from the owners or who ever is selling.. If you need a home based business which is profitable, then go for the real estate business. It is quite rewarding and profitable at that.
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December 18th, 2008
According to the Law 39/1989 the real estate agent must be registered with the local Chamber of Commerce.If the agent is not registered, he will be liable to fines and other penalties and he will not be entitled to the agreed commission.
The above mentioned legislation provides an important guarantee for the consumer requesting that real estate agents must have adequate insurance cover in order to practise their profession.
As a consequence, although the real estate agent cannot be charged with technical-juridical investigations concerning the property that might have an impact on the transaction (legal due diligence), he is nevertheless charged with duties of information according to the principles of the normal professional diligence.The real estate agent is therefore obliged to give information on each circumstance in his knowledge or that simply he should have known according to the principle of normal professional diligence.
Wrong or non verified information would not be acceptable according to the law.Lack of respect of such principle could cause contractual responsibility and the right of the consumer to request the repayment of the commission.
Under special circumstances the consumer could also be entitled to request compensation for damages.
If the guilty silence of the real estate agent induced the consumer to finalize the contract under different conditions than he would have had if he was properly informed, the real estate agent could be responsible to pay for the difference.
According to article 1755 Civil Code, if the deal is closed thanks to his intervention, the real estate agent is entitled to a commission from both parties. Such right could arise already at the signature of the preliminary contract, assuming that such contract is complete in all the essential elements.In order to be entitled to the commission the real estate agent must have a decisive role in the transaction.Simply generating the lead of a potential buyer without accomplishing any other task, is not enough to be entitled to such right.The law does not provide the cost of the commission; therefore this can always be freely agreed by the parties. It is always advisable to agree the commission in writing.
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November 24th, 2008
Sometimes it happens that everything is going fine, you are working hard, your business is doing great or you are achieving heights in your office. But you are confused that where your hard earned money is moving. You fail to decide that whether this money will full fill your future financial goal and objectives or not. This question may disturb anyone but in this case you can take help from a financial planning services firm.
The financial planning services firm endeavour to coordinate different elements of your finances with the aim of building, protecting, and maximizing your net worth. They provide useful advices regarding various financial issues like investment, retirement planning, financial protection, estate planning etc.
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