Aravali heights Construction Updates- Real Estate Trends in Dharuhera

Posted on by blogger

Dharuhera is well known for residential and commercial apartment near of Gurgaon for living purpose and for commercial purpose others. You can buy your dream home/ Apartment/ Flats as well as Residential apartments in Dharuhera/Sectors. Dwarkadhis projects Pvt Ltd offers buy property Dharuhera and Aravali heights Construction Updates with signature style developments say Sulekh Jain. Sulekh Jain, director of Dwarkadhis Projects Pvt Ltd, says, Dwarkadhis, with its unblemished track of record of handing over all our projects before the dedicated dates, and to the complete approval of our customers, has taken the principle of bring what you commit to new heights in real estate. All of our ventures have met with resounding success. Dwarkadhis Projects has emerged as one of the leading real estate players in Dharuhera, Residential apartments near Gurgaon setting standards in the sector with proven track record of more than 10 years. It has delivered quality projects with Real Estate Trends in Delhi and Real estate growth in Gurgaon with client base of more than 10,000 families. All of our ventures have met with resounding success. The foremost reason being our focus on rigid excellence and time control. It has also managed to carve niche intended for itself consistent brand with its team of loyal and highly experienced engineers and space planners, and has been delivering on its promises with consistency. The company always strives to provide most favorable specifications, thereby adding more value and cutting cost, all of which translate into optimum benefits for the customers. Which the projects possess of, are trendsetters in their own right,” says Sulekh Jain. The property in Delhi/ near of Delhi, Gurgaon is always in demand irrespective of its incessantly growing prices and increasing population. Dwarkadhis Projects Pvt Ltd comes with Residential apartments/Flats near Gurgaon and Dharuhera real estate near Delhi in Haryana state. Gurgaon constantly sees a lot of movement happening from selling and buying to leasing and renting of properties. It is one of the most coveted real estate areas especially for residential property buyers as it is the focal point of all the activities. New Delhi, the heart of India is the national capital and a political, social and cultural hub of the country. Land is the basis equipment for any types of business, whether its hospitals, educational institutions, shopping malls, markets, food outlets. Every type of business needs a piece of land to establish them. Like the rise in the price of food products an increase in the prices of restaurants or daily budget of houses, same ways, and shoot up in the property rates affects all the business and their leading markets. Real estate industry is the sector responsible for the evaluation of the prices for all the personal and commercial properties. The price standards for selling and purchasing the properties in a particular area are defined by a group of people called real estate regulators working under the of real estate laws. The industry of real estate is in itself great industry divided into various sectors like real estate, apartment, buy apartment, property management, real estate marketing, net lease, real estate investing, relocation services and corporate real estate.

Dwarkadhis Projects Pvt Ltd is among the fastest growing developers of residential property in upcoming areas such as Dharuhera, Rewari, Gurgaon, Delhi Ncr, Noida and near of Gurgaon sector. Buy Apartment in Dharuhera Buy Apartment Real Estate Trends in NCR Real Estate Trends in Delhi

Advantages And Disadvantages Of Lease Option Real Estate Investing

Posted on by blogger

Lease option real estate investing is a creative way to get started in real estate investing. The biggest advantage of this investing method is “control”. It basically gives the investor the right to possess– be in control of– and profit from a property without owning it.

A lease option contract is a combination of two documents. The lease part is where the owner agrees to let you lease their property while you pay them rent for a stated period of time. During the lease period the owner can not raise the rent, rent it to anyone else, or sell the property to anyone else.

The option part represents the right you purchased to buy the property in the future for a specific price. If you decide to exercise your option to buy, the owner has to sell it to you at the negotiated price. The option part of the contract obligates the seller to sell to you during the option period- but it does not obligate you to buy. You are only obligated to make rental payments as agreed during the lease period.

When the lease option contract is written and structured properly, it can provide tremendous benefits and advantages to the investor. If the lease option includes the “right to sub-lease” the investor can generate a positive cash flow by renting the property to a tenant for the duration of his lease, or lease option the property to a tenant-buyer for positive cash flow and future profits. If the lease option includes a “right of assignment” the investor could assign the contract to another buyer for a quick profit.

Lease option real estate investing, is a flexible, low risk, highly leveraged method of investing that can be implemented with little to no money.

High Leverage

It is highly leveraged because you are able to gain control of a property and profit from it now–even though you don’t own it yet. The fact that you don’t own it also limits your personal responsibility and liability. Only if you decide to purchase the property by exercising your “option to buy” would you take title to the property.

Little to no money

The investor’s cost to implement a lease option agreement with the owner requires little to no money out of pocket money because it is entirely negotiable between investor and owner. There are a variety of ways the option fee can be structured such as an installment plan, balloon payment or other agreeable arrangement between both parties. The option fee can even be as little as $1.00. In order to secure the property for purchase at a later date, tenant-buyers typically pay a non-refundable option fee of approximately 2%-5% of the negotiated purchase to the seller. Depending on how the lease option agreement is written and structured, the investor could possibly use the tenant-buyer’s option fee money to pay any option fee owed to the owner.

Flexible

It is a flexible method of real estate investing because terms of the agreement like payment amounts, payment dates, installments, interest rate, interest only payment, balloon payments, purchase price and other terms are all negotiated between seller and buyer. Responsibilities of both parties are also negotiable. For instance, if the investor doesn’t want to act in the capacity of a landlord, he could specify in the lease option agreement that tenant-buyer will be responsible for all minor maintenance and repairs and the original seller will remain responsible for any major repairs.

Financially Low Risk

It is low risk financially. If the property fails to go up enough in value to make a profit, you have the purchased the right to change your mind and let the “option to buy” expire. Even if your tenant-buyer decides not to buy the property, you have profited by a positive monthly cash flow from the tenant-buyer’s rent payments and upfront non-refundable option fee.

Let’s look at an example of a lease with option to buy structured in a way that the investor profits in 3 separate phases of the investment.

Profit #1 non-refundable option fee

Future sales price negotiated with the current owner is $125,000 with an option fee of 2% of the sales price. Option Fee you owe the owner is $2,500. The future sales price you set for your tenant-buyer is $155,000 and the option fee is 4% of the sales price. Option fee the tenant-buyer owes you is $6,200. You collect $6,200 from tenant-buyer and pay $2,500 to the owner and your profit = $3,700

Profit #2 cash flow from monthly rental payments

The Monthly rental payment you negotiated with the owner is $1,000. You set the monthly payment at $1,250 per month for your tenant-buyer. Each month you collect $1,250 from your tenant-buyer and pay the owner $1,000 each month. Your profit is $250 monthly positive cash flow during the lease period.

Profit #3 is set up when the lease option contract is initially written

The difference in the negotiated future purchase price with the owner and the future purchase price set for your tenant-buyer. Let’s say the property goes up in value to appraise for at least $155,000. Your tenant-buyer decides to exercise their option to buy. You buy the property from the owner at $125,000 and then sell it to your tenant-buyer for $155,000. $155,000 – the $125,000 you pay to the owner = $30,000 profit.

Of course the key to making lease option real estate investing work, is finding motivated sellers and buyers. Finding these motivated sellers and buyers shouldn’t be difficult. The continuing down turn in the real estate market has created a large number of sellers who can’t sell their property and also buyers who can’t get financing to buy. The seller could possibly get a fair offer to be paid in the future by selling their property to a real estate investor on a lease option basis. A potential tenant-buyer could obtain home ownership without having to qualify through traditional home loan guidelines.

One disadvantage of lease option real estate investing involves the tenant or tenant-buyer possibly defaulting on monthly rental payments. This would make it necessary for the investor to come up with money out of pocket to pay the owner and possibly have to proceed with eviction process. However, there are certain provisions and clauses that can be written into the lease option to deter buyers from defaulting on payments.

If the investor fails to do “due diligence” before entering into a lease option agreement, he could end up with a property that is unmarketable. There could be a number of liens on it, issues involving ownership of the property or it might be in foreclosure. By diligently performing research before entering into a lease option agreement, the investor can avoid these mistakes. A few things the investor could do is– perform background and credit checks on both the seller and buyer, search public records in reference to ownership and property status, or do a title search.

Despite the few disadvantages, lease option real estate investing continues to be an excellent way to invest in real estate with little to no money and low financial risks. It also remains to be an excellent way to gain control of a property you don’t own and create positive cash flow and profits on flexible terms.

Bottom line, the secret to success in today’s challenging real estate investing market is to use only the best creative ideas, proven tools and strategies that have been successfully used by other investors to generate cash flow and profit from today’s real estate market. The more you understand and apply now, the more you will profit from today’s financial crisis.

Miami Beach Luxury Real Estate

Posted on by blogger

Miami Beach is famous for its glittering night life, sun drenched days, shopping, cuisine, entertainment and culture, beautiful beaches, recreational opportunities and many other great reasons. It is among the most visited areas in the state, and due to this number of folk select to take a position in Miami Beach luxury property, either as a first residence, 2nd home or rental property. Even in the present day’s wavering markets, Miami Beach property is flourishing. Plenty of the area’s old, superseded and disfavored hostels are being replaced with big and sumptuous condominiums. Many of those buildings provide resort-style living year round to their inhabitants, and the comforts typically include connoisseur cafes, professionally staffed spas, hi-tech gymnasiums and fitness rooms, concierge and housekeeping services and valet parking, amongst others.

It is no wonder that so many folk are making a choice to purchase such properties before they’re even built, but homes are also another favored choice in Miami Beach property. Water and beachfront locations as well as immediate access to all the area has to supply make home possession in Miami Beach property a smart and lucrative call. The town itself pours millions of tax greenbacks into improving environment and services throughout the whole Miami Beach area, which will only add to the all prepared high cost of Miami Beach luxury real-estate.

Miami Beach started as a plantation tract for coconuts when 2 entrepreneurs Henry and Charles Lum acquired 160 acres of what is now South Beach. Their small rural scheme nonetheless, failed and the land passed on to the hands of John Collins, the New Jersey Quaker who planted the 1st grooves in Florida. Today, the cypress swamps and alligator plagued waters of Florida are prohibited to the Everglades nationwide Park, but back in the nineteenth century, a lot of the land was a marshy waste. First the regiment Co of Engineers then idealists like Carl Fischer dredged the thick mangroves to form the South’s tropical wonder – Miami Beach. With the town of Miami across the Biscayne Bay already busy with life, many entrepreneurs recognised the possibilities of Miami Beach as a home boomtown.

In the year 1912, the Lumnus bros found the Sea Beach Property Company in Miami Beach and the 1st wave of construction started. The following years saw quick development on Miami Beach with the “longest van bridge in the world” – the Collins Bridge being built and the opening of varied cafes on the oceanfront, which included the famous Joe’s Stone Crab. The first hotel in Miami Beach, the W. J. Brown, opened its doors to consumers in 1914 and with it Miami Beach has conclusively arrived on the traveling scene in the U. S. .

In the 1996, the city of Miami Beach celebrated 100 years of existence as an independent, self-sustaining tropical nirvana. It its existence, the town saw 2 world wars, the sophistication and lavishness of the countries golden period – the 1920’s, and the crisis of the Great Industrial Depression. Places like the Art Deco State Historical District, the Cauley Square Hamlet and the St Bernard de Clairvaux Church are simply a few reminder of its rich and sundry heritage. The genuine history of Miami Beach is filled in the souls of its folks.

Real Estate Software – An Agent’s Guide to Software

Posted on by blogger

Each, day thousands of real estate professionals go online to
research real estate software. But what is real estate software, and how
can it help you improve your real estate business? These are the
questions we will address here.

What is Real Estate Software?

When
we talk about real estate software, we’re actually covering a wide
spectrum of software products. In general terms, real estate software is
any software that helps you manage some aspect of your real estate
business.

The “some aspect” part of that definition is important,
because to date there is no real estate software that will help you
manage all aspects of your business. Instead, most types of real estate
software are designed to help you manage a certain element of your
business, like contract preparation for example.

Various Types of Real Estate Software

Below,
we look at some of the most popular types of real estate software. As
you will see, each type of software is designed to help you perform a
certain part of your real estate business. Please note that this list is
not all-inclusive. There are more types of real estate software than I
could possibly cover in this one resource. So at the end of this guide,
I’ve listed some additional resources where you can find any type of
real estate-related software imaginable.

Content Management Systems

Some
types of real estate software are designed to help you manage property
listings on your website. Basically, these are content management
systems (CMS) that have been adapted for real estate purposes. A good
example of such a program would be Realty Manager by Interactive Tools.

Such
programs allow you to add, edit or remove property listings (including
house photos) within your real estate website — without any knowledge
of web coding. If you have listings on your website that require
constant management, you can see the convenience of this kind of real
estate software.

Real Estate Contract Software

As the
name implies, this type of real estate software helps agents prepare
real estate contracts. As you well know, contracts are a big (and often
time-consuming) part of the real estate business. So anything that can
streamline and simplify the process would be welcomed by real estate
agents. That’s what contract-management software strives to do.

One
of the best features of real estate contract software — a feature you
should look for when purchasing this type of software — is the ability
to create contract templates by pulling in required disclosures and
other commonly used items from your city and state. This way, once you
have the real estate contract software set up how you want, you would
simply enter new client details and listing prices to generate
contracts.

Real Estate CMA Software

Once again, the
name tells you what this type of real estate software does. CMA software
helps you prepare comparable listings / sales reports that you can show
to clients. The biggest benefits of this type of software are time
savings, professional appearance, and basic mathematical functions. CMA
software will help you produce an attractive and informative CMA report
in less time than doing it without software assistance.

Contact Management Software

Contact
management software is not to be confused with contract management
software. Though they only differ by one letter, these two types of
software have nothing in common. Contact management software helps you
manage your contacts, or client communications.

Most of these applications are built around databases.
You enter client information into the database (with details such as
name, phone number, neighborhood of interest, etc.), and then you can
easily search the data later.

When choosing a contact management
solution, look for one that allows customization of the data fields. You
want the ability to create whatever info fields for each contact that’s
important to you. All of these programs will let you enter the basics,
like name, phone number, address and the like. But what if you wanted to
also label people with buyer vs. seller? Or by price range? Or by the
neighborhoods they’re interested in? You’ll need this kind of
flexibility, and any good contact managements solution should offer it.

Real Estate Educational Software

This
is another popular type of real estate software. As the name implies,
this kind of software helps you advance your professional education. The
most common types of real estate educational software are the test
preparation programs. These programs help you prepare for state
licensing exams and other real estate-related professional exams. For
just about every real estate exam you can imagine, there’s a piece of
software that can help you prepare for it.

Virtual Tour Software

Virtual
tours are extremely popular among real estate professionals these days.
Home buyers love virtual tours, so when you add them to your real
estate website, you’ve increased your website’s value for your key
audience. The only problem is, virtual tours are not an easy thing to
put together. That’s where this type of real estate software comes in.

One
way to create virtual tours is to have a virtual tour company do it for
you. With this option, you shoot the photos or film footage yourself,
and send it to a virtual tour company who creates the finished product.
But for the more adventurous agents, there is also the virtual tour
software path. Using this software, the agent creates his or her own
virtual tours, using photos taken by the agents themselves.

Real Estate Website Software

This
software covers a pretty broad spectrum. Real estate website software
can help you with many aspects of your website, from creating graphics
to capturing leads. But one product rarely does it all. Most types of
real estate website software are highly specialized, performing a
certain aspect of website enhancement.

Conclusion

So
we’ve seen that for every type of real estate business function, there’s
a piece of software to help you do it more efficiently and (ideally)
more effectively. Does that mean you need all of the real estate
software on this list? Obviously not. My advice is to look at the
business functions where you spend the most time, and shop for a
software product that can simplify that process for you.

It’s also
a good idea to play around with different types of real estate software
before buying. Most software vendors have either a free trial or an
online demo through which you can judge the product for yourself. If you
come across a software vendor who offers neither of these trial
options, then keep shopping. When purchasing real estate software,
always follow the rule of “try before you buy.”

* You may
republish this article online if you retain the author’s byline and the
active hyperlinks below. Copyright 2007, Brandon Cornett.

Future of Medical Transcription in India

Posted on by blogger

In a country like India, where every second person aspires to be either an engineer or a doctor, it is no surprise that Medical Transcription is fast becoming one of the most sought after jobs in the BPO sector. A multibillion-dollar industry in America, Medical Transcription companies are now looking to India to outsource their services. Medical Transcription India is growing at an exponential rate.

What exactly is Medical Transcription? It is the process of converting a consultation with a doctor into a text format. When we visit a doctor we usually spend the first few minutes discussing our symptoms and problems. This is followed by questions about our medical history, an examination, and a prescription for tests or a secondary consultation if required. After the doctor has collected all the information he needs, he prescribes medication along with instructions for its use. After this, the doctor records the entire visit on voice recording machine, which is then converted into a word document by a medical transcriptionist and stored.

Major hospitals are now adopting this process in order to keep up with the changing times and provide their patients with the best health care available. However, the exercise of converting a voice file into text format is tedious and requires high level of expertise. A medical transcriptionist requires having in depth knowledge of advanced medical terms and language and having a minimum amount of experience in transcribing the likes of discharge summaries, health exams, etc. They must possess higher than average typing skills and should be affluent in the language in which the transcripts are being recorded.

These days’ hospitals are looking to outsource the job of Medical transcriptionists for a number of reasons. Most hospitals find it cost effective to outsource the job to companies in and outside their country. Outsourcing ensures better accessibility, superior quality and leverages on the industry’s experience. It reduces the capital investment for them and allows them use their resources to focus on their core competencies. India is fast becoming the go-to place for medical transcription.

India has abundant cheap labor possessing the skills to become a medical transcriptionist. The average salary of a medical transcriptionist in U.S.A. is around $33,000 p.a. whereas in India the average salary is Rs. 360,000, which is approximately $8,000 p.a. As a result, they are able to cut major costs while ensuring quality. Further, due to the time zone advantage companies here are able to send reports back overnight, making it the fastest turnover rate in the industry. The U.S. suffers from high attrition rates, and so outsourcing is the perfect solution to ensure high employee turnover doesn’t affect the hospitals. Seasonal fluctuations often result in an increase in number of patients during the winters occur in cold countries. There is an acute lack of available staff during major holidays like Christmas and Thanksgiving. Outsourcing the job to India easily solves these problems.

Medical Transcription requires the skill and intellect of human beings and so has inherent defects. If the transcriptionist were to record a symptom or diagnosis incorrectly it could harm the patient’s wellbeing. Sometimes the recording might not be clear as doctors are in rush and may fail to include vital information or provide information in a coherent manner. Further accents, mispronunciations and slag’s make it difficult for a transcriptionist from another country to fully comprehend what the doctor is saying. Such obstacles are yet to be over come in this field in India and world over.

With the help of the IT sector doctors are now able to convert cabinets full of patient data into word documents properly archived on a single desktop. These word documents can be printed out as and when required. Medical Transcriptions help hospitals maintain patient records for up to years and store them in a systematic and easily accessible environment and format. Medical Transcription in India is booming and as a result has opened up jobs to millions of people wanting to be part of the medical field. Many universities are now offering specialized courses and on the job training for young students to help them enter and successfully grow in this industry. India possesses all the advantages and skill to become one of the best providers of this service in the world. By ironing out a few irregularities India can soon look to become the premier play of this industry.