SCHEDULE OF RATES OF COMMISSION
The Estate Agent Association of India has fixed the following uniform SCHEDULE of Rates of Commission for its members, payable by their clients on different types of transactions handled by them. Don't ever try to avoid it, Penalty clause is very strict and harsh. Our relation depends on you.
(1)SALE – PURCHASE
Where any immovable property is transferred or agreed to be transferred by way of purchase from builder or in Resale or whether by way of admitting as a member or by way of transfer of shares in Co-operative Society or Company or other Association of persons or by way of any agreement or arrangement or in any other manner whatsoever commission at the following rates on the total consideration amount (inclusive of Loan amount) and/or deferred payment, if any, shall be paid as under :
(a)Where a member acts for both the Buyer and Seller, Commission at the rate of 2% each shall be paid by both the Buyer and Seller. In case of transaction of land brokerage is minimum 10,000 INR and above per acre. Buyer and Seller can negotiate with Real Estate Agent before transaction. Negotiated amount of brokerage should be signed and delivered as commission contract and/or as memorandum of understanding on non Judicial Stamp Paper.
(b)Where a member acts only for the Buyer or the Seller commission at the rate of 2% shall be paid by the party for whom the member acts.
(c)Where there are more than two member involved in the deal, the Buyer and Seller shall pay 2% each, which will be shared amongst the member involved in the deal as per their mutually agreed terms.
The above commission at the aforesaid rates shall, unless otherwise agreed to be paid as under :
The commission shall be paid to the member at the time of execution of an Agreement or Deed of Transfer or Agreement for sale or on the completion of the transaction i.e in case of an Agreement for sale on the full purchase prices being paid or Possession of the said property, whichever is earlier. If Buyer or Seller avoid paying brokerage by any means will have to pay double the amount of brokerage immediately.
(2)[A] LEASE OR LEAVE AND LICENSE
(a)Commission equivalent to two months compensation/rent/license fee, shall be due and payable by the License/Lessee to the member on premises secured on the leave and license basis for first period of eleven months Thereafter additional amount equivalent to one months compensation / rent shall become due and payable to the members from the Lessee / Licenses as commission for every additional renewal period of 11 months or part thereof as the case may be.
(b)Similarly Lessor/Licensor shall pay brokerage equivalent to one month rent / compensation / license fee. Thereafter additional amount equivalent to half months compensation / rent shall become due and payable to the member from the Lessor/Licensor for every additional period of 11 to 12 months or part thereof as the case may be.
[B] PAYING GUEST / FRANCHISEE / BUSINESS CENTRE / JOINT VENTURE
Commission equivalent to two months compensation shall be payable by Paying Guest / Francisee / The person/s taking the premises or as the case maybe, to the member and the Owner shall pay commission equivalent to one months compensation.
All the commission shall become payable to the member by the Purchaser/Seller/Licensee/Owner, as the case may be at the time of the execution of the agreement and / or at the time of handing over or taking over the possession of the accommodation / premises whichever is earlier.
Wednesday, September 24, 2008
Friday, September 19, 2008
Buying Property? Take Your Wife Along.
“As a rule I don’tconsider a purchase inquiry as legitimate unless the lady of the house inattendance”
This is an actual quote made by one of pune’s leading realestate firms. Such a statement speaks volumes, and deserves in-depth analysis.It reflects the sentiments of almost all experienced property consultants inMaharashtra and beyond. The plain fact is – when it comes to choosing andbuying a home, a man’s ‘natural’ authority and predominance take the back seat.Let’s review a few more statements made by real estate agents from across thecity:
“The man of the house may wield the money… but when it comesto buying a residence, it is his wife who decides when and where to spend it”
“Homes are made by women, not men. Every man knows this, anddefers to the judgment of the women in his life in such matters.”
“I don’t see a sale happening unless the client’s wife hasapproved and endorsed it.”
Take it any way you want, but the fact remains that mostproperty dealers – be it builders, agents or marketing executives – do not takeinquiries made solely by men seriously. Yes, it is male oriented society. Yes,the male is the stronger of the species. Yes, he has the final say in mostmatters. But not in issues of residence procurement.
SOUND REASONS
“Actually it is nothing but simple, basic psychology” saysone of the above quoted sources.
“One of a man’s most fundamental drives is to please thewomen in his life. If it isn’t his wife, it will be his mother – but he seeksher approval. In fact, most male-dominated activities are centered around thistruth. Also, women have a genetically encoded gift for homemaking, and muchbetter perspective about what should be included or excluded. A man depends onthe woman to make his home comfortable and suitable for family life.”
There is, of course, more than just psychology attached tothis. There are very practical considerations to it, too. A property dealerwill only see a final deal coming when a woman is present because:
·It is woman who spends the most time in residence.
·It is the woman who has deep, practical knowledge of what is and isn’t required in home.
·It is thewoman who can instinctively judge whether or not a residence’s price fits intothe family budget.
FACTORS OFTEN OVERLOOKED BY MEN
·Futuremaintenance costs.
·Safetyfactors concerning present or future children and elderly family members.
·Thesuitability of the neighborhood.
·Theavailability of vegetables, groceries and other necessities of day to dayliving.
·Requiredroom space for children.
·Availabilityof storage space in the form of lofts, closets etc., in kitchens and bedrooms.
·Healthfactors (hygiene of immediate surroundings, proper drainage, means of garbagedisposal, noise levels, etc.)
“When a man walks into my office unattended by his wife,mother or sister, I know that this is not a serious prospect” concludes ourcorrespondent. “It is man’s nature to make pointless, non-serious inquiries,but a woman usually means business when it comes to investigation ofresidential options.”
What does this add up to, practically speaking? It ispossible that a man not accompanied by his spouse will not receive the kind ofattention from a builder or estate consultant that he would if she were withhim. Nor is he likely to be told the more intricate details of the property heis inquiring about.
Whether this seems fair or not, it is best to accept thethings one cannot change. In other words, ensure that the woman of the housecomes along when you go for serious home prospecting. It will make asignificant difference.
This is an actual quote made by one of pune’s leading realestate firms. Such a statement speaks volumes, and deserves in-depth analysis.It reflects the sentiments of almost all experienced property consultants inMaharashtra and beyond. The plain fact is – when it comes to choosing andbuying a home, a man’s ‘natural’ authority and predominance take the back seat.Let’s review a few more statements made by real estate agents from across thecity:
“The man of the house may wield the money… but when it comesto buying a residence, it is his wife who decides when and where to spend it”
“Homes are made by women, not men. Every man knows this, anddefers to the judgment of the women in his life in such matters.”
“I don’t see a sale happening unless the client’s wife hasapproved and endorsed it.”
Take it any way you want, but the fact remains that mostproperty dealers – be it builders, agents or marketing executives – do not takeinquiries made solely by men seriously. Yes, it is male oriented society. Yes,the male is the stronger of the species. Yes, he has the final say in mostmatters. But not in issues of residence procurement.
SOUND REASONS
“Actually it is nothing but simple, basic psychology” saysone of the above quoted sources.
“One of a man’s most fundamental drives is to please thewomen in his life. If it isn’t his wife, it will be his mother – but he seeksher approval. In fact, most male-dominated activities are centered around thistruth. Also, women have a genetically encoded gift for homemaking, and muchbetter perspective about what should be included or excluded. A man depends onthe woman to make his home comfortable and suitable for family life.”
There is, of course, more than just psychology attached tothis. There are very practical considerations to it, too. A property dealerwill only see a final deal coming when a woman is present because:
·It is woman who spends the most time in residence.
·It is the woman who has deep, practical knowledge of what is and isn’t required in home.
·It is thewoman who can instinctively judge whether or not a residence’s price fits intothe family budget.
FACTORS OFTEN OVERLOOKED BY MEN
·Futuremaintenance costs.
·Safetyfactors concerning present or future children and elderly family members.
·Thesuitability of the neighborhood.
·Theavailability of vegetables, groceries and other necessities of day to dayliving.
·Requiredroom space for children.
·Availabilityof storage space in the form of lofts, closets etc., in kitchens and bedrooms.
·Healthfactors (hygiene of immediate surroundings, proper drainage, means of garbagedisposal, noise levels, etc.)
“When a man walks into my office unattended by his wife,mother or sister, I know that this is not a serious prospect” concludes ourcorrespondent. “It is man’s nature to make pointless, non-serious inquiries,but a woman usually means business when it comes to investigation ofresidential options.”
What does this add up to, practically speaking? It ispossible that a man not accompanied by his spouse will not receive the kind ofattention from a builder or estate consultant that he would if she were withhim. Nor is he likely to be told the more intricate details of the property heis inquiring about.
Whether this seems fair or not, it is best to accept thethings one cannot change. In other words, ensure that the woman of the housecomes along when you go for serious home prospecting. It will make asignificant difference.
Wednesday, September 3, 2008
Dagdusheth Halwai Sarvajanik Ganpati Pune
The Shrimant Dagdusheth Halwai Sarvajanik Ganpati Trust, based in Pune was established in the year 1893 and has thus been in the service of devotees since 108 years. It was in 1893 when Lokmanya Balgangadhar Tilak gave a public form to the celebration of the festival of Ganpati and made it a genuinely people's festival. The Shrimant Dagdusheth Halwai Sarvajanik Ganpati trust exists from the year of the inception of the sarvajanik (public) Ganpati festival and is the fulcrum of all sarvajanik(public) celebrations in Maharashtra.
Tuesday, September 2, 2008
Thinking About Buying Your First Home?
With interest rates low, many renters are starting to think about purchasing a home of their own. While simple rental cost vs. mortgage cost comparisons can be very attractive, buying a home is a serious commitment, and there are many factors to consider:
How long you plan to live in the home.Selling a home costs money.If you potentially may have to move in the short term, the value of your home may not have appreciated enough to cover the costs of buying and selling.
The length of time that it will take to cover those costs depends on various economic factors. Average appreciation tends to sit at around 5% per year. In this case, you should plan to stay in your home at least 3-4 years to cover buying and selling costs. The real estate market can be particularly volatile, however, and dramatic swings up and down are not uncommon.
How long the home will meet your needs.What features do you require in a home to satisfy your lifestyle now? Five years from now? People tend to remain in homes longer than they initially intend, primarily due to the work and expense associated with moving. Therefore it is worth considering a home with room to grow. Could the basement be turned into a den and extra bedrooms? Could the attic be turned into a master suite? Having an idea of what you'll need will help you find a home that will satisfy you for years to come.
Your financial health - your credit and home affordability.Is now the right time financially for you to buy a home? Would you rate your financial picture as healthy? Is your credit good? While you can always find a lender to lend you money, people with poor credit tend to pay far more to borrow.
Some say that you should refrain from borrowing as much as you qualify for because it is wiser not to stretch your financial boundaries. The other school of thought says you should stretch to buy as much home as you can afford, because with regular pay raises and increased earning potential, the big payment today will seem like less of a payment tomorrow. It is, however, important to stay within your comfort zone. Purchasing a house involves many up-front and ongoing costs, and the stress of worrying about those costs often outweighs the satisfaction that may come from owning a slightly nicer home.
To determine how much home you can afford, talk to a lender or go online and use a home affordability calculator. Good calculators will give you a range of what you may qualify for. Then call a lender. While some may say that the "28/36" rule applies, in today's home mortgage market, lenders are making loans customized to a particular person's situation.The "28/36" rule means that your monthly housing costs can't exceed 28 percent of your income and your total debt load can't exceed 36 percent of your total monthly income. Depending on your assets, credit history, job potential, and other factors, lenders can push the ratios up to 40-60% or higher. While we're not advocating you purchase a home utilizing the higher ratios, it’s important for you to know your options.
Where the money for the transaction will come from.Typically, homebuyers will need some money for a down payment and closing costs. However, with today's broad range of loan options, having a lot of money saved for a down payment is not always necessary - if you can prove that you are a good financial risk for a lender. If your credit isn't stellar but you have managed to save 10-20% for a down payment, you will still appear to be a very good financial risk to a lender. High-ratio mortgages can be a good option for those who haven’t managed to save a large chunk of money (who has?), but naturally, these have additional costs associated with them.
The ongoing costs of home ownership.Maintenance, improvements, taxes, and insurance are all costs that are added to a monthly house payment. If you buy a condominium or townhouse, a monthly homeowner's association or maintenance fee will be required. If these additional costs are a concern, you can make choices to lower or avoid these fees. Be sure to make your Realtor® and your lender aware of your desire to limit these costs.
If you are still unsure if you should buy a home after making these considerations, you may want to consult with an accountant or financial planner to help you assess how a home purchase fits into your overall financial goals.
Regards
BALA- 9881160036
How long you plan to live in the home.Selling a home costs money.If you potentially may have to move in the short term, the value of your home may not have appreciated enough to cover the costs of buying and selling.
The length of time that it will take to cover those costs depends on various economic factors. Average appreciation tends to sit at around 5% per year. In this case, you should plan to stay in your home at least 3-4 years to cover buying and selling costs. The real estate market can be particularly volatile, however, and dramatic swings up and down are not uncommon.
How long the home will meet your needs.What features do you require in a home to satisfy your lifestyle now? Five years from now? People tend to remain in homes longer than they initially intend, primarily due to the work and expense associated with moving. Therefore it is worth considering a home with room to grow. Could the basement be turned into a den and extra bedrooms? Could the attic be turned into a master suite? Having an idea of what you'll need will help you find a home that will satisfy you for years to come.
Your financial health - your credit and home affordability.Is now the right time financially for you to buy a home? Would you rate your financial picture as healthy? Is your credit good? While you can always find a lender to lend you money, people with poor credit tend to pay far more to borrow.
Some say that you should refrain from borrowing as much as you qualify for because it is wiser not to stretch your financial boundaries. The other school of thought says you should stretch to buy as much home as you can afford, because with regular pay raises and increased earning potential, the big payment today will seem like less of a payment tomorrow. It is, however, important to stay within your comfort zone. Purchasing a house involves many up-front and ongoing costs, and the stress of worrying about those costs often outweighs the satisfaction that may come from owning a slightly nicer home.
To determine how much home you can afford, talk to a lender or go online and use a home affordability calculator. Good calculators will give you a range of what you may qualify for. Then call a lender. While some may say that the "28/36" rule applies, in today's home mortgage market, lenders are making loans customized to a particular person's situation.The "28/36" rule means that your monthly housing costs can't exceed 28 percent of your income and your total debt load can't exceed 36 percent of your total monthly income. Depending on your assets, credit history, job potential, and other factors, lenders can push the ratios up to 40-60% or higher. While we're not advocating you purchase a home utilizing the higher ratios, it’s important for you to know your options.
Where the money for the transaction will come from.Typically, homebuyers will need some money for a down payment and closing costs. However, with today's broad range of loan options, having a lot of money saved for a down payment is not always necessary - if you can prove that you are a good financial risk for a lender. If your credit isn't stellar but you have managed to save 10-20% for a down payment, you will still appear to be a very good financial risk to a lender. High-ratio mortgages can be a good option for those who haven’t managed to save a large chunk of money (who has?), but naturally, these have additional costs associated with them.
The ongoing costs of home ownership.Maintenance, improvements, taxes, and insurance are all costs that are added to a monthly house payment. If you buy a condominium or townhouse, a monthly homeowner's association or maintenance fee will be required. If these additional costs are a concern, you can make choices to lower or avoid these fees. Be sure to make your Realtor® and your lender aware of your desire to limit these costs.
If you are still unsure if you should buy a home after making these considerations, you may want to consult with an accountant or financial planner to help you assess how a home purchase fits into your overall financial goals.
Regards
BALA- 9881160036
Pune Real Estate
Pune Real Estate
Welcome to Pune Real Estate, your source for Pune real estate.In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Pune with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
Real Estate Agent, Properties- Sale Rent Buy Residential N Commercial Property Flats Apartment Office Shop in Viman nagar, Kalyani nagar, Nagar Road, Kharadi, Vadgaon sheri.
We are leading realtors who take pleasure in providing professional yet personalized real-estate services to clients to develop long term relationships for the benefit of all concerned.
We have witnessed the Real estate market take various trends since 1990. we invite you to take advantage of this knowledge base and make rational decisions.
It is our mission to find you best deals in residential & commercial properties. The Malavis real estate provides innovative solutions to complex real-estate challenges through its unparalleled experience and market knowledge in the local and global context. Stress and uncertainty will be replaced with excitement and confidence. Pune real estate formed with the sole purpose of providing professional and honest services to its valued customers. The customers can count on an us for all property related requirements whether small or big and the customers would be served with the same enthusiasm. We assure you the fullest satisfaction as regards to the quality service and deal in a wide network of properties. We offer top-of-the-line realty services and hold a long-range experience in the industry.
Sincerely,
Bala Dhas
Pune Real Estate
BALA- 9881160036
http://punepropertymall.ning.com
Welcome to Pune Real Estate, your source for Pune real estate.In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Pune with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
Real Estate Agent, Properties- Sale Rent Buy Residential N Commercial Property Flats Apartment Office Shop in Viman nagar, Kalyani nagar, Nagar Road, Kharadi, Vadgaon sheri.
We are leading realtors who take pleasure in providing professional yet personalized real-estate services to clients to develop long term relationships for the benefit of all concerned.
We have witnessed the Real estate market take various trends since 1990. we invite you to take advantage of this knowledge base and make rational decisions.
It is our mission to find you best deals in residential & commercial properties. The Malavis real estate provides innovative solutions to complex real-estate challenges through its unparalleled experience and market knowledge in the local and global context. Stress and uncertainty will be replaced with excitement and confidence. Pune real estate formed with the sole purpose of providing professional and honest services to its valued customers. The customers can count on an us for all property related requirements whether small or big and the customers would be served with the same enthusiasm. We assure you the fullest satisfaction as regards to the quality service and deal in a wide network of properties. We offer top-of-the-line realty services and hold a long-range experience in the industry.
Sincerely,
Bala Dhas
Pune Real Estate
BALA- 9881160036
http://punepropertymall.ning.com
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