Real Estate Has Similarly Mutual Funds Investment July 15, 2011
Posted in : Money Making, The World Of Real Estate , trackbackJustice. The headlines threaten a correction in real estate prices, protectionist real estate trade associations, traditional versus Internet brokerage business models and a consumers right to a competitive marketplace for real estate services. Be aware of the issues and determine if they relate to your real estate investment goals. Investmen tWhen you compare bank accounts, you know that 5% interest means more money in your pocket than 2% interest. Similarly, you know that a mutual fund with a track record of 11% annual returns has made more money than a fund with a track record of 8% annual returns. Duh. One picks investments and evaluates investment performance by looking at the return on the investment. Known as “porkies clauses”, they invariably state that the purchaser acknowledges that any information provided to the purchaser by the real estate agent is provided on the understanding that the purchaser will not be relying on it for any purpose. When a purchaser has submitted an offer, and the purchaser cannot be convinced to increase her offer, the real estate agent may be tempted to pressure the vendor into accepting what would otherwise be unacceptable. Observations, such as “the market has softened” or “the market has spoken to us” are used by real estate agents to convince vendors that the real estate agents high estimation of value can no longer be relied upon, and that the vendor should now accept what the vendor believes is an unacceptably low offer. Real estate also has indirect influence on the other very important sectors like travel and tourism, infrastructure, trade and heritage of that area. Today big companies like wipro, infosys, IBM etc are expanding their business round the globe and the favorite destination these days in India is chandiagrh, mohali, panchkula in north India. According to the tenth five year plan, there is a gap of 30 million units between the demand and supply of housing which is quite a big gap and bridging this gap requires the investment of around 1,75,000 crore.
Source: Simarc
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