Exclusive Erp Application For Real Estate Industry

The real estate industry in India is all set to widen its status as an organized sector, with the entry of leading players into the market. It is an industry where large sums of money are involved and the current boom in the market only accelerates the scenario. This current boom in the market can be capitalized by the industry only when there is an adequate system to back-up the whole process. Here comes the role of enterprise resource planning (ERP) that is designed exclusively for the real estate industry.

In India, a large number of companies provide real estate erp solutions . But, not all of them are up-to-the-mark. That is, only some of these are capable of satisfying the requirements of individual companies. The loopholes in a solution are further worsened by the lack of thorough industry knowledge.

Thus, the construction industry needs real estate ERP solutions that are well planned and executed, with the integration of the best of IT and real estate knowledge. Superior real estate ERP solutions have the capacity to manage projects from the scratch to the finish, which include the stages of land acquisition and purchase order, till the lease and maintenance management of the completed project. That is, well-developed real estate ERP solutions can handle a project fully, starting from the stage of pre-construction to construction and post-construction.

Efficient real estate ERP solutions can maintain and process complete project transaction histories, project details, applicant and customer details, broker details, payment details and others, accurately and speedily. They are also endowed with the features of flexibility and adaptability, which ensures easy and secure data change management. Real estate ERP solutions have a centralized data management system that are highly secure, which allow entry to only the authorized users.

Real estate ERP solutions have modules that provide the benefits of document management, work scheduling, report generation, etc. The features and facilities provided in these solutions help in taking away work pressures from the organizations, allowing them to concentrate on the more critical and core aspects of their businesses.

The real estate industry may also enhance its business processes using additional back-end operations management software, like the HR and financial accounting solutions. The real estate ERP solutions are indeed the key to the growth and organization of the real estate business in India.

The Need Of Real Estate Agencies

There has been always a need for real estate agencies and this need is the fact that paved the ways for thousands of real estate agencies that are providing quality services all around the world. There was a time when people looked for their dream houses and offices by their own, but things have changed a lot in the present day world. In this era looking for houses and offices can be a hectic job. Also, who will assure of quality service. The cities are growing every day. The booms that changed the world contributed to this growth. The IT boom, BT boom, etc. is some of the booms that gave rise to industries. There is a continual need of office spaces for the different companies. There is a constant need of houses for the people working in those companies. This need is taken care of by the real estate agencies that provide quality building, offices, houses, residences to the customers and has been very successful in doing so. In due course of time cities were growing like never before. The huge offices, apartments, malls are being built all over the cities.

Thousands of people are moving into these cities for various reasons such as good neighborhood, Jobs, etc. Thousands of people are looking for perfect houses for their families. This business has been increasing and invading the world market and thousands of people are getting their dream house in the process. Looking for a perfect house can be a hectic work; it is always nice to have some little assistance. This little assistance can help you get your dream house or apartment.

Along with the World India too developed. Gurgaon is one of the most developed cities in India. There are thousands of people moving to Gurgaon from all over India for jobs, education, etc. There are also several IT companies that are emerging global leaders. So there is a perpetual demand for office space for the companies and residences for the people. These demands are fulfilled by the numerous real estate companies that are in Gurgaon. One such company that has been very popular in recent times is the real estate agencies. This agency has been providing quality Residential property, commercial property in Gurgaon. Due to the advancement and development people move to Gurgaon for business, education and jobs and the demand for Gugraon property is on high always. Agencies like real estate agency provide a breather to these people and companies that look for property. There are also different KPO’s and BPO’s in Gurgaon that have been employing thousands of employees from all over India and abroad. So there is basically a constant need for apartments, buildings, houses, offices, spaces for industries etc.

This real estate business has been very popular all around the world and has been very successful all around the world. This real estate business has invaded the world economy like never before. No one can stop the growth of industries and no one can stop people coming to the cities so there will be scope for these real estate agencies always.

Buy Real Estate In Jaco – Making The Purchase An Easy One

You will find that the real estate market in the United States today is not doing so well and it is often fluctuating up and down. So, you will find that many people are going abroad for vacation homes and investment properties, which is why so many people want to buy real estate in Jaco today. Costa Rica, and particularly Jaco, is becoming one of the best places to invest in property. It was once a bit more difficult to buy real estate in Jaco, but today if you find a great company to help you out, they can make all the logistics of making the purchase so easy for you and buying your property in Jaco will go smoothly. Going with a good company can also make your real estate purchase much safer when you buy real estate in Jaco too.

If you really want to buy real estate in Jaco, you’ll definitely want to consider a great real estate company that will help you out. They can make your purchase a whole lot easier for you and they can help you make sure that you make the purchase more safely too. Going with a company can help you make sure that the purchase is secure and you can feel reassured that everything is going to go as planned. Of course before you decide to choose a company to help you buy real estate in Jaco, you’ll definitely want to do a bit of research on the company to make sure that it is one with a good reputation.

You’ll definitely find that Costa Rica is a beautiful country and it is easy to see why people love to buy real estate in Jaco. At one point in time, there were not good companies available to help make purchases so easy for you. However, now you can simply find a great company and then let them help you make the purchase that you need to in Jaco. Some companies have great websites on the internet that you can visit where you can look at real estate in Jaco and find out more about making this type of purchase. So, if you want to buy real estate in Jaco, consider going with a good company that will help to make the purchase an easy one.

Who Should Hire the Real Estate Appraiser and Why

Everyone involved in the sale of real estate has a vested interest in the results of a real estate appraisal. The outcome affects the seller, the buyer, the lender, and even the realtor.

A too low valuation of the property by the appraiser could mean a seller must lower the asking price. For a lending officer, it could mean a lesser commission or none at all. A too high valuation means the buyer could be paying more than the property is worth. For the realtor, his/her commission could go higher or lower, which is based on the purchase/sell price of the real estate.

An appraiser, who should be licensed by the state, performs the real estate appraisal. It is best to hire someone local with years of full-time experience in order to get a more accurate appraisal. The appraiser and appraisal are governed by the minimum standards, published periodically in the Uniform Standard of Professional Appraisal Practice by the Appraisal Foundation. The Foundation is chartered by Congress.

The recent real estate bubble, unfortunately, brought problems for appraisers and many involved in real estate transactions. According to Realty Times in their April 2006 issue, appraisers have been routinely asked by lenders to inflate real estate values to keep up with the ever-rising real estate market. One real estate appraiser in San Diego quit and turned in his license to the state, after being fired three consecutive times for refusing to inflate his valuations. Now, real estate appraisers across the United States are under a microscope from federal financial regulators and Congress.

The real estate appraiser may be hired by the seller to determine an accurate selling price or by the buyer to ensure the accuracy of the purchase price and mortgage; but generally, the lender does the hiring or uses their own in-house appraiser. Though buyers may assume the lender has their best interest, mortgage lenders have their own best interest at the forefront, especially some not-so-scrupulous lending officers who may be targeting a higher commission.

If I were a seller, I would hire my own real estate appraiser to ensure I was getting the most for my property. As a buyer, I would put the money out upfront to hire an independent and objective appraiser with no connection to anyone within the real estate transaction. This ensures that I do not contract for a mortgage, based on an inflated appraisal valuation, that will give me a new home with a lower or negative equity. The lender still may require a different appraiser.

If five different real estate appraisers evaluated the same property within the same timeframe and under the same conditions, it could result in five different and varying real estate valuations. Why? There is no set checklist or established value for each property feature and amenity. Though appraisals are based on prescribed standards, it is a subjective process.

If there is more than one real estate appraisal and they disagree significantly, you have options. If the value is too low for the seller, renovations may raise the value or you can decline to sell. If the lender insists on its appraisers value, which disagrees with your real estate appraisers value, as the buyer you can look for financing elsewhere or decline to purchase the real estate. There also is the option to bring the appraisers together to come to a common agreement on the value.

Remember, the person looking out for your best interest is yourself. Ensure the appraiser in your real estate transaction is reputable, objective with no connections to anyone in the transaction, local and experienced.

How To Buy Houses From Motivated Sellers In Real Estate Investing

In most real estate investing business models, motivated sellers remain the number one source of the most profitable deals. Successful real estate investing should therefore incorporate finding deals from motivated sellers and successfully closing them.

This article points out important areas you need to focus in your business.

The key sources of attracting motivated sellers are covered in a separate article. As soon as you identify a good deal, you must then secure and close the deal.

In my business, I get all my leads through my real estate investor website. Approximately half of them are submitted directly by the motivated sellers. The other half are entered by my virtual assistant who calls back motivated sellers who choose to use the phone, and she pre-screens them for me.

All the deals I receive are therefore pre-screened and pre-negotiated. I can therefore tell in a few minutes if I have a deal or not.

As soon as you identify a good deal, the next step is to make an appointment to go see the house. This is mainly because you must estimate repairs. A simple tour of 5 to 10 minutes is enough to estimate repairs.

You just need a rough estimate, you do not have to break it down to the nail.

You must make sure you sign the contract when you go to see the house – do not forget to take one with you.

You can always cancel the sale later if the numbers no longer look good.

If you like the deal, fax the contract to the title company so they can do title work for you. Always make sure you deliver or mail the earnest money to make the contract binding. Make sure that you deposit any earnest money with the title company, not with the seller.

The next steps in the process depend on your business model and what your exit strategy is:

1)Wholesale the deal If your exit strategy is to wholesale the deal to other real estate investors, this is when you market the deal to them. A good real estate investing website should also help you build a list of potential buyers automatically – then you just email your deal to them.

Once you identify the wholesale buyer, you then sign a contract with you as the seller if you plan to do a simultaneous closing. Alternatively, you can assign the contract for an assignment fee.

The title company will then do the closing and disburse all the money as agreed.

2)Lease option / Lease to own Your title company should conduct the closing if you plan to take over existing payments.

This is why it is important that you select a title company that works with real estate investors and understands various real estate investing business models.

3)Straight buy If you plan to buy fix and sell, or keep as a rental property, then this is a straight traditional transaction that any title company can close.

Other business models would follow similar steps; these 3 are just the main ones.

When all is said and done, your success in real estate investing, largely depends on the efficiency with which you pre-screen your leads, follow up with them to tie up the deal, and efficiently close the deal.

Real Estate Valuation, Taxation and Depreciation

This article speaks about the real estate properties, sale and purchase and much more. Before we go in to depth, lets ponder out what actually it is. Imagine you are an owner of a building and you want to get an idea about the worth of your property. The first person who comes into your mind is an estate agent/estate appraiser who can help you to figure out the value of your property. This whole process is called as Property Valuation or Real Estate Appraisal. This gives us an estimate value of our property. Often we have heard about the term Market Value. This is exactly same as Land Valuation. Appraisals are needed because real estate transactions occur very infrequently. Not only that, every property is different from the other. Furthermore, all properties differ from each other in their location, which is an important factor in their value. So specialist and qualified Land Valuator are needed to advice on the value of a property.

Often when you buy or sell any property, a special kind of tax is levied on it which is called Capital gains tax valuation (CGT). Thus is a tax on capital gains, The most common capital gains are levied from the sale of stocks, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations. In Australia, the sale of personal residential property is normally exempted from Capital Gains Tax,

Every asset or building that you own has to depreciate at a regular interval. Depreciation is done to find out the exact value of that asset. It is an important accounting term that is applied on every physical and non physical thing. Once the depreciation is done for the specific period, it tells the current value of that asset for that period of time. Therefore, depreciation is an impotent work that has to be done every year. Appraiser is the persons or group of people that is responsible for the total evaluation and estimating the current value of an asset. They are expert in figuring out the defects in the asset and can tell you the approximate value of that asset.

The method to find the Annual Depreciation Expense is:
Cost of Fixed Asset Residual Value / Useful Life of Asset (yrs)

A Depreciation schedule is an accounting procedure for determining the amount of value left in an asset. Depreciation schedules are used in the calculation of taxes as a business is allowed to deduct each year a fraction of the total value of certain assets. Some Depreciation Methods are:

Straight Line Depreciation, Declining Balance, Activity

If you are looking for a company who deals in the proper tax depreciation schedule report and property work, DK Property Professionals is the best choice. They are expert in depreciation and property work. DKPPs expert knowledge of depreciation ensures clients needs are met with the highest level of professional and personalized service, strictly adhering to cost and time requirements.

DK property professionals follow a perfect property depreciation schedule to depreciate your asset or building and help you in knowing the exact value of your asset. Property depreciation schedule has some important key points that are followed by the company for the proper evaluation of your building. As the building depreciates every year, you can minimize the tax costs. Refer to DK property professionals for their professional and skilled workers services.

Surajkund – Lucrative Real Estate Options

Real estate boom in India has activated many dormant areas to become super- active. Surajkund is currently going through this phase of activation and is ready to cross the threshold in order to emerge as a real estate destination. This boom is further strengthened by the relaxation of Foreign Direct Investment (FDI) in the real estate and construction sector. Additionally, the retail segment has opened the doors for the commercial real estate sector of India. Faridabad is fast becoming the next hot destination for expanding developmental activities. The pace of real estate growth is expected to prosper well as more and more companies are now choosing to opt for Surajkund. The city has become a prominent investment destination due to its proximity to Delhi and also because of the rising values of the real estate in Gurgaon and Noida.

Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township. However, the industrial town of Faridabad is now noticing new residential developments, especially in Surajkund village that spans across 30 acres. Surajkund, already known for its international Mela, is now a residential delight for many. The Surajkund mela was launched in 1981 by the Haryana Tourism and is held in the month of February from 1st-15th every year. This craft Mela (fair) serves as a meeting ground for talented artists, painters, weavers, sculptors and craftsmen from all over India who display handicraft products in the typical setting of a rural Indian market place. The place is visited by number of domestic and International tourists and the foot-falls seems to be multiplying every year.

Green Environment

Away from the hectic and congested life, Surajkund offers an environment like no other place in Delhi. The place displays a sense of peace and traditional touch which is envied by every Delhiite. People are opting for Surajkund for its peaceful natural surroundings. Renowned developers are coming up with township projects in and around localities of Surajkund. The first township project near Surajkund is Charmwood Village by the Eros Group covered in the area of 65 acres. Omaxe, Ansals are also setting up their residential projects.

These attractive townships are sufficient to satisfy the needs of people. Bungalows, apartments and villas are available here with all the modern amenities. The rates of residential properties range between Rs 6,500-Rs 8,000 per sq ft. The rent is around Rs 20,000 for 2 BHK flat and varies on the bases of size and type. Ansal and Crown Plaza have lavishly designed malls catering to children’s entertainment and hospitality, along with other commercial and residential projects. Numbers of other residential projects are in pipeline and soon going to be launched.

Infrastructural developments

Social infrastructure is also developing at the fast pace to support the physical infrastructure in Surajkund. All the national and international based schools and educational institutes have come up in the periphery to benefit the students with a pollution free atmosphere. MNV public school, Delhi Public School and Manav Rachna School are to name a few. Transportation is also improving by and by with Delhi’s bus stand just 1 km from the Surajkund. Local rickshaws and autos are also available for intra-city connectivity.

The property price of Surajkund has increased three times in last couple of years. Planned infrastructure, township projects of big brands, proposed Metro in main Faridabad and rise in the prices of real estate property of other cities, involvement of Haryana government in the overall development of Surajkund make it a good choice for real estate investors.

Understanding of Tax Valuation System-Australia

Stamp duty is a tax that is levied on documents. Historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licenses and land transactions. A physical stamp (a revenue stamp) had to be attached to or impressed upon the document to denote that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp. The duty was originally introduced in the Netherlands in 1624 and spread to other countries subsequently, France 1654, Denmark 1657 and Prussia 1682.

The federal government of Australia does not levy stamp duty. However, stamp duties are levied by the Australian states on various instruments (written documents) and transactions. The rates of stamp duty vary from state to state, as do the nature of the instruments or transactions subject to duty. Some jurisdictions no longer require a physical document to attract what is now often referred to as “transaction duty”. Major forms of duty include the transfer duty on the sale of land, businesses, shares and other forms of dutiable property; mortgage duty; lease duty and duty on the hire of goods. Rebates or exemptions are available from transfer duty and mortgage duty for those purchasing their first home.

Often a stamp duty property valuation report is required by the office of state revenue by a registered property valuer when transferring ownership between related parties. The stamp duty paid is based on the valuation provided. Stamp duty valuations are also required where property is being transferred into a superannuation fund and various trusts and entities.

Experts have been providing stamp duty valuations for the use of the Office of state revenue for many years and have the experience to provide a valuation to suite your needs and meet the requirements of the Office of State Revenue.

A capital gains tax valuation is valuation of a tax on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.

For equities, an example of a popular and liquid asset, national and state legislation often has a large array of fiscal obligations that must be respected regarding capital gains. Taxes are charged by the state over the transactions, dividends and capital gains on the stock market. However, these fiscal obligations may vary from jurisdiction to jurisdiction.

Capital gains tax in Australia is only payable upon realized capital gains, except for certain provisions relating to deferred-interest debt such as zero-coupon bonds. The tax is not separate in its own right, but forms part of the income tax system. The proceeds of an asset sold less its ‘cost base’ (the original cost plus addition for cost price increases over time) are the capital gain. Discounts and other concessions apply to certain taxpayers in varying circumstances. The amount left after applying the discount is added to the assessable income of the taxpayer for that financial year.

You pay tax on your capital gains. It’s not a separate tax, just part of your income tax, although it is generally referred to as capital gains tax (CGT). If you make a capital loss, you cannot claim it against income but you can use it to reduce a capital gain in the same income year. If your capital losses exceed your capital gains or you make a capital loss in an income year you don’t have a capital gain, you can generally carry the loss forward and deduct it against capital gains in future years. All assets you’ve acquired since tax on capital gains came into effect (on 20 September 1985) are subject to CGT unless specifically excluded. Selling assets such as real estate or shares is the most common way you make a capital gain or capital loss. CGT also applies to intangible assets such as business goodwill. Some of your main personal assets are exempt from CGT, including your home, car, and most personal use assets, such as furniture. CGT also doesn’t apply to depreciating assets used solely for taxable purposes, such as business equipment or fittings in a rental property.

CGT Valuation- Often, after disposal of property that is not the principal private residence, the Inland Revenue will require a formal written valuation to calculate any Capital Gains Tax due. Any gain in value made on a property, residential or commercial or held as an investment unless owner occupied, is subject to this Tax.

In addition, when it is intended to transfer the ownership of a share of a property or the entire property, a value has to be given in order to assess the amount of Stamp Duty to be paid to the Inland Revenue.

Why Hire A Slidell Real Estate Lawyer

Most people do not know the importance of hiring a good Slidell real estate lawyer. Although seeking the help from a lawyer to plan out Slidell wills is not necessary but it is always a wise idea to do so. The real estate is governed by rigid and complicated laws, making it necessary to plan the property in the best possible way so that no one faces any problem in the future. Without help from a Slidell real estate lawyer it becomes very difficult to go through the settlement proceeding of the estate. Moreover reliable and good lawyers like those at Airey Blanchard Law Office can provide you with many strategies to ease the burden of going through a settlement process. Most of the lawyers prefer to keep the assets away from the probate court as it helps in quick transfer to the beneficiaries after the demise of the owner.

Michelle Blanchard the managing member of the Airey Blanchard Law Office believes that it is always helpful for the client if they involve Slidell real estate lawyers for handling estate planning in case the owner has passed away without providing any will. When it comes to property there are several hassles and problems involved which must be taken care of with the help of good real estate lawyers like Michelle Blanchard. Once the person comes in touch with the wills attorney, his demands and needs would be considered by the attorney before he can begin with the planning of the property. Proper planning also helps the beneficiary to avoid heavy taxes.

Most of the practicing attorneys working with Michelle Blanchards law office are quite experienced and specialize in the field of real estate planning which ensures that you get only the best available services. These attorneys can help in devising several different strategies for planning and distributing the property among the beneficiaries without any hassle. When working with Airey Blanchard Law Office you can be completely tension free regarding the quality of the work delivered since all the attorneys are well educated and have the required experience to carry out the task well. They fully understand all the legal requirements and needs of a property and point the client in the right direction. Working with such skilled professionals also means that you can be free from any sort of hassles which could arise in the future due to the division of the property.

Virtual Home Tours For Real Estate Marketing Benefits And Best Practices

Gone are the days of advertising real estate through classified ads. Back then, you had to find a good listing in the paper, follow up with a phone call inquiry, and arrange an in-person. Thankfully, the information age offers countless real estate marketing tools for distributing property information online. The savviest real estate agents now create a virtual home tour for each of sale properties; this saves time for agents and buyers alike.

Of course, this is only the most obvious advantages for creating a virtual tour; we list a few more below.

1. Virtual tours are easy to share online.

It is easy to share a virtual home tour across blogs, social media sites, and listing databases. The best virtual tour applications even provide HTML code for easy posting to online databases like Craigslist.

2. Fun and easy.

Too many real estate marketing tools feel like hard work; they are boring and time consuming to use. However, it’s easy and fun to make a virtual tour. You don’t even need a video camera. Simply fill out a few property details, upload photographs, and select your animation and music. That’s it!

3. Describe a property’s personality.

A virtual tool will definitely provide the kind of basic information that consumers need to make a rational choice about whether this could be the right property for them. The number of bedrooms, the neighborhood, nearby schools – these are the facts buyers need, and a virtual home tour should include all of this information.

However, a virtual home tour can also reach buyers on a “gut feeling” level. Indeed, a tour video can quickly convey a property’s “personality.” Those who depend on real estate marketing tools to earn their keep can tell you that intuition, emotional reactions, and gut instincts play an important, influential role in property sales.

4. Forward-thinking real estate marketing.

Technology expert Cisco has estimated that videos will represent 80 percent of Internet traffic by 2015. By creating up virtual video tours today, you will be better positioned for tomorrow’s real estate marketing trends.

5. Increased volume of high quality inquiries.

The bottom line is that you will get more high-quality inquiries if you create a virtual home tour for each of your listings. Buyers are more likely to pursue a property if they have the kind of rich information that a virtual tour conveys.

As you can see, there are plenty of advantages to using virtual tour videos as one of your real estate marketing tools. However, like all marketing tools, virtual tours can be more or less successful depending on your technique. Create a powerful tour video by following these tips:

Insist on excellent lighting. Humans are naturally drawn to light; if the property photos in your video are well-lit, you will receive more property inquiries.

Choose universally appealing animation and music to accompany each virtual home tour. You may be a big fan of Nirvana, but that doesn’t mean you should put “Smells Like Teen Spirit” as your background tune for a new condo listing. Choose lyric-free, upbeat music and limit the number of sparkly animations you choose.

Share with past clients. Remember that referrals are the best form of advertising, because they’re free and effective. Include a few links to virtual tour videos for current offerings in your newsletters to past buyers.