The Accidental Real Estate Investor

In the burning destination of Gurgaon, Vatika Group is about to launch a trustworthy project named Vatika India Next. Vatika India Next is a jumbo “future-ready” township, purposefully placed on the intersection of two eight-lane expressways on the National Highway 8 (NH-8) and a latest proposed lane linking to North-West Delhi with the ranging area of 600 acres.

Knowing that I could have the freedom to go where ever I want when ever I want while earning money doing it was enough of a reason for me to love real estate. All this without a boss breathing down ur neck and throw in the other little benefits I think I found my new full time job!

In March of 2006, my eBook How To Prosper In the Changing real estate Marketplace. Protect Yourself From The Bubble Now! stated that in short order the real estate market would slow down dramatically and become a real drag on the economy. We are experiencing this slowdown currently and the economy I feel is not far from slowing down as well. History has repeatedly shown that a slow down in the City Garden market and construction market has almost always led to an economic recession throughout America’s history.

Contrary to conventional belief, you can actually negotiate for better terms with banks, which would often advertise their listing prices as non-negotiable. Negotiating properly with banks could prompt them to consider your request. Once you’ve established good relations with the bank, you can request for better terms such as a lower asking price, a lower down payment, a lower interest rate, or a reduction in the closing costs.

A report released last week from the National Association of Realtors showed that in the last three months of 2006 home sales fell in 40 states and median home prices dropped in nearly half of the metropolitan areas surveyed. The median price of a previously owned, single family home fell in 73 of the 149 metropolitan areas surveyed in the 4th quarter.

Change takes effort and change can be hard. Developing new habits can be the biggest challenge that you come up against. We have spent years developing our business habits. Some of them are good whilst others are not so good. You have to remove the old and weak habits that can hold you back so you can build better ones.

You are offering them a way to sell the home, pass the notes to you, and take some cash away from the deal. They will have concerns about their liability for the loan, so you may have to set up a payment system that allows them to monitor your prompt payments. You can also assure them that your investment, the down payment, is something you don’t want to lose by going into default.

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