re/max realty review - sept & oct 2014

REALTY REVIEW – September & October 2014

Hyderabad as city per say continue to be buyers market. And buying properties at this time will be very wise investment. According to Brad Hettich, President and CEO of Commercial Lending X, there are several ways to save money fast, but chief among them is investing in real estate. "You should dip into your savings or take out a loan that you can repay, and always invest long-term," explains Hettich. "Real estate is a great example of that." Brad's logic is that with so many available properties that accommodate any budget, real estate is among the most effective ways to save money. However, it is vital that if you cannot purchase property in cash that you find a lender that specializes in your financial needs and price range. "With a stable income and a set amount of income put aside every month, you have the advantage of not only determining your own budget, but in deciding how much you want to pay for property," explained Hettich. Companies like Commercial Lending X work directly with local banks that were burned in the mortgage crisis, making it easier for them to provide both commercial and residential loans to consumers. As we have made divisions into our regions and independent regional owners have taken in charge, please do contact us for all real estate queries. Love and Regards, A Balajee Kumar RE/MAX Regional Owner [email protected]

Dear Readers, Greetings from the Regional office!

Last few months have observed keen movement in the government side of both the states with lot of projects and policies roll out. It's now that we have started observing the effects of division and definitely I am confident that it is bound to grow. Growth is the only derivative which will bring investors confidence back to the market.

mailto:[email protected]


RE/MAX INTERNATIONAL NEWS RE/MAX Commercial® Symposium Opens

RE/MAX Training Program Recognized for Custom Content

RE/MAX University Receives Award for eLearning Track. The RE/MAX training platform, RE/MAX University (RU), has been recognized by the Brandon Hall Excellence Awards for its eLearning track “Diving Into Distressed Properties.” The track received a Bronze Medal in the Best Custom Content category, making RE/MAX the only real estate company to be recognized by the Brandon Hall Group.

The award program recognizes organizations around the world that have successfully deployed programs, strategies, modalities, processes, systems and tools. RU has won more than 150 international film and video awards that recognize innovation and creativity.

RE/MAX RE/MAX President Vinnie Tracey welcomed practitioners from around the world to this morning‟s opening session of the RE/MAX Commercial® Symposium in Denver. Tracey talked about the continued expansion of RE/MAX Commercial in North America and throughout the globe, the potential growth opportunities of commercial real estate and segments of the industry that are showing signs of expected development.

RE/MAX Commercial, part of the world‟s most productive real estate network, now features more than 2,700 practitioners in 45 countries.

RE/MAX Commercial Practitioners around the world were involved in 15 percent more transaction sides in 2013 when compared to.

RE/MAX was in the company of several

highly respected brands. LinkedIn, PepsiCo

and McDonald‟s were all Bronze Award

recipients in the Best Custom Content

category.

http://www.remax.com/newsroom/press-releases/remax-training-program-recognized-for-custom-content.htm


RE/MAX Ranks as #1 Real Estate Franchise

“Our philosophy at RE/MAX has always been very simple,” said Margaret Kelly, RE/MAX CEO. “Attract new franchisees by providing support services and competitive advantages that help them succeed. It’s why we continue to grow, innovate and evolve.”

For the sixth consecutive year, RE/MAX, LLC ranked the leading real estate franchise in the 2014 Franchise Times Top 200. The exhaustive annual survey is based upon 2013 worldwide sales and growth and includes franchisors from a wide variety of business sectors. In 2014 Franchise Times Top 200:

RE/MAX ranked #12 overall. The closest real estate franchises were ranked #28 and #45.

RE/MAX gained two places over its standing in 2013.

RE/MAX also ranked #2 in “Top 10 Sales Growth” category.

Overall, four of top five spots in the rankings were claimed by fast food franchises, No. 1 McDonald‟s, No. 3 KFC, No. 4 SUBWAY and No. 5 Burger King.

“We work hard to provide RE/MAX brokers and agents with unparalleled training tools that help them provide informed advice to their clients,” says Mike Ryan, RE/MAX, LLC, Executive Vice President. “Recognition from the Brandon Hall Group reaffirms that we are creating training programs that make a difference.”

Earlier this year, RU was named by Training magazine for the third consecutive year as one of the best among corporate-sponsored training programs, capturing a place on the 2014 Top 125 list.

RE/MAX reported 2013 year-end performance:

- Net gain of 4,220 agents, a 5% increase - 11 countries added to international footprint - Franchise sales topped 700 for fourth consecutive year - Revenue up 11% over 2012 “Our philosophy at RE/MAX has always been very simple,”

said Margaret Kelly, RE/MAX CEO. “Attract new franchisees

by providing support services and competitive advantages

that help them succeed. It’s why we continue to grow,

innovate and evolve.”


Peyton Manning to Headline RE/MAX R4

Thousands of RE/MAX agents will have the rare opportunity to hear from one of the NFL‟s top players at the annual RE/MAX R4 Convention in Las Vegas March 2 - 5, 2015. Denver Broncos quarterback Peyton Manning, the leagues only five-time MVP and a 13-time Pro Bowler, will be the event‟s keynote speaker. Manning‟s story of hard work and success will inspire and motivate his audience.

RE/MAX Leading Global Franchise - Entrepreneur Magazine

For the second consecutive year, RE/MAX, LLC has received the highest global ranking among real estate franchises by Entrepreneur magazine.

“Peyton is in high demand as a speaker and we’re thrilled that he accepted our invitation to speak at R4,” said RE/MAX, LLC CEO Margaret Kelly. “His story of success on the football field, and his determination to overcome what could have been a career-ending injury, is something that will no doubt be one of the highlights of the convention.”

The 2015 RE/MAX R4 will also feature Rock and Roll Hall of Famer Steven

Tyler, lead singer for Aerosmith. Tyler has been a rock icon since the 1970‟s,

and has also taken on film and TV roles and authored a bestselling book. He‟s

included among Rolling Stone's 100 Greatest Singers and has been inducted

into the Songwriters Hall of Fame.

October edition of Entrepreneur’s annual global rankings of

U.S.-based franchises placed RE/MAX highest among real

estate brokerage franchises and 39th overall. 7-Eleven and

Pizza Hut headed up the list. “The Entrepreneur ranking

demonstrates the strength of the RE/MAX brand within the real

estate industry and around the world,” said RE/MAX, LLC CEO

Margaret Kelly. “We continue to expand because our business

model succeeds in diverse markets. That’s why we have the

largest global reach of any real estate company.”


RE/MAX China Open for Business

The first RE/MAX office in China is open for business and agents are already working with local clients. RE/MAX Eternity opened in Beijing„s Chaoyang Business District and its entrepreneurial owners are eager to make their mark and change how real estate is practiced in their country.

RE/MAX Named Top 50 Franchise for Minorities

RE/MAX is the only Real Estate Franchise which was named and honored among Top 50 Franchise for Minorities after the 8th annual survey compiled by World Franchising Network.

“From our very first years, RE/MAX has always had a strong commitment to furthering the careers of minorities and women,” said RE/MAX, LLC CEO Margaret Kelly. “Real estate is an entrepreneurial industry where hard work and dedication are the most important characteristics. RE/MAX is proud to offer opportunities to achieve success to all our franchise owners and agents.”

“The many opportunities in China are as promising as they are challenging," said Larry Oberly, RE/MAX Vice President, Global Development. “We believe entrepreneurs like Xianqiu with existing connections in the Chinese market have the potential to be very successful in growing RE/MAX market share in China."

RE/MAX is quickly gaining ground in Asia after expanding into Singapore, India, Korea, Indonesia, Philippines, Micronesia, Thailand and Japan, and is committed to become a real estate

leader in China too.

The 2014 survey is the seventh

consecutive year RE/MAX has been

included on the list and each year it has

been the only real estate franchise

included among the Top 50.

http://www.worldfranchising.com/articles/top-50-franchises-for-minorities-2014


RE/MAX INDIA NEWS

RE/MAX India Accolades With Two New Title Awards

RE/MAX India won the “Realtor of the Year” at the Realty Plus Conclave and Excellence Awards 2014. This platform recognizes contributions made in the Real Estate panorama by Individuals, Realtors, Developers, IPCS / Brokers, Architects / Town Planners, Interior designers etc. CybizCorp which holds two important brands - RE/MAX India and Carls Jr. got recognized as the "Franchisor of the Year" under the leadership of Mr. Sam Chopra at the Industry Eminence Awards 2014. RE/MAX India feels proud of its Affiliates across pan India who are and will always be the reason for the growth of

RE/MAX in India!


Media coverage by RE/MAX – Professionalism in Brokerage

We are pleased to share the article by our Chairman Mr. Sam Chopra on “Real Estate Ascends Professionalism With Brokerage” received coverage in the September Edition of “Property Observer”, one of the leading Real Estate Lifestyle Magazines.

RE/MAX India’s Regional Owners Retreat RE/MAX India organized its Q3 Regional Owners Retreat at Tree House Resort, Neemrana, from the 19th to 21st of September '14. During the meet the participating owners, staff & managers had a opportunity to hear from different other RE/MAX regions, got an organizational update from the RE/MAX India Leadership Team and also were benefited from hands-on presentation which showed them how to leverage the power of your value statement with compelling communications


RE/MAX India Trainings in September-October- (CREST)

A fresh batch of trainees attended the CREST (Certified Real Estate Specialist Training) program in RE/MAX India headquarter. Every session on Basics in Real Estate truly turned a lot of information about Real Estate into knowledge about Real Estate thus opening insights various terminologies in real estate, regulations in Real Estate, important aspects about various projects and different markets and so on.


CREST Trainees’ First Batch Get Certified from RARE RE/MAX Academy of Real Estate (RARE) certified its first batch of completely trained and certified professionals in RE/MAX Headquarters in Gurgaon.

Global Webinar - Real Estate Success


National Webinar Online Series of TAP, Part 2


RE/MAX India Expands in New Region – West Bengal

On behalf of the entire network, we extend a very warm welcome to the new Regional Owner & the team and wish them all the very with RE/MAX and making their regions successful.


RE/MAX HYDERABAD, TELANGANA & SEEMANDHRA

RE/MAX Hyderabad Participated in TREDA Show 2014

The “Fifth TREDA Property Show 2014” was held from October 17 to 19 at Hitex, Hyderabad where enormous number of properties were showcased for the public. RE/MAX was one of the over 180 displayers in this 3 days under one roof for the property show.

During the press meet, Mr. P. Dasharath Reddy, President, TREDA, said that next to agriculture sector is the real estate industry which contributes more in terms of employment generation and to the GDP of the TS. He informed that there is a lot of potential for real estate growth.

RE/MAX Telangana Regional Owners at RE/MAX ROR

The newly appointed regional owners of RE/MAX Telangana had the opportunity to attend the 5 days crucial Regional Owners training in RE/ MAX India headquarters. They are provided sessions on various Franchise sales & Development related skills, technology support, customer relationship management, varieties of logics and exercises. Corporate marketing support and the power of the world's leading brand in real estate.


The regional owners also have the next opportunity to further get trained in RE/MAX International at Denver, Colorado, USA, where they learn about the RE/MAX heritage, goals and values much in depth.

RE/MAX Telangana Regional Owners at RE/MAX ROR

RE/MAX Telangana Regional owners Mr Dilip, Mr. Kantham Raju, Mr. Srinivas and Mrs. Sailaja participated in the 3-days Regional Owners review retreat organized by RE/MAX India from the 19th to 21st of September '14. This review provided them with networking with RE/MAX regional owners and managers from other Indian regions, learning from the experts and peers, best practice sharing, group discussions and this ensured the kind of dynamic energy that would generate by joint success of every region as they say Together Everyone Achieves More and thereby EVERYBODY WINS.


SOME REALTY TIPS & BITES – Which is a better Investment avenue – Home v/s Plot

Buying a plot in any part of India can be challenging unless you have sound financial backing for initial investment. Banks do offer a loan for the purchase of a plot and even for construction such as SBI Realty, HDFC Plot Loans, Indian Bank Plot Loan etc. However, the associated tax benefits are subjective to whether you complete constructing a house on the plot or not, and even if you do, the benefits are offered only for the first year.

On the other hand, in case of flats, loans are easier to avail, albeit, at similar interest rates. However, flat purchase attracts a lot of tax benefits, especially for first time home buyers.

Which requires more investment?

Building one‟s own house can be a challenge since one has to constantly monitor the construction

activities, right from meeting with architects to ensuring raw materials are used correctly. Also, a

common problem faced by most first time home builders is the tendency to stretch the budget while

constructing the house, resulting in overspending. With flats, a definite rate has to be paid to the


builder; and apart from the house and registration costs, the buyer only has to spend on getting the

interiors done. At any price range, constructing one‟s own house will be more expensive when

compared to buying a flat of a similar size and dimensions; however, it gives the owner the freedom to

choose the layout and design.

Which has better resale value?

When one considers the resale value of the house, most people who are looking for an independent

house prefer to buy a plot and construct their own house as opposed to buying a built house. However,

with the cost of construction and land escalating, there are buyers for building independent houses too.

In case of a house, the value will have a direct correlation with the amenities within the house and

accessibility around it. In case of flats, the value of the property rises as the demand for flats within the

colony rises. However, houses have a higher resale value than flats, primarily because the person

buying the house also becomes owner of the plot of land on which the house has been constructed.

Which has a higher rate of return?

In case of constructing a house on a plot, while the land value appreciates, the house value

depreciates due to wear and tear. Owners must pay special attention towards space planning,

construction quality, and quality of amenities etc. as they are the decisive factors for valuation. One

reason why the value of the house is higher than flats is because of the demand-supply differences.

The supply of independent houses is lower than that of flats. Also, the owner of the house has the

option to get permission for adding additional floors to the house and renting or reselling them.


What to check before buying land?

Buying land has become a risky business in major cities due to the number of instances of fake

registration papers. Hence, it is essential to check under whose name the land is registered. Further,

one must look out whether the house is stuck in litigation and the seller has sole ownership of the land

with no other claimants.

Document to Check Before Buying Land

What to Check?

Title Deeds

· If it is in the seller‟s name alone and no other person is involved

· If the seller has permitted access to others through this land

Tax Receipt and Bills

· Property taxes paid to the Government is up-to-date with latest receipts

· Any notices of requisition relating to the property which are outstanding

· Water and electricity bills have been paid up-to-date

Encumbrance Certificate · Ensure that the land does not have any legal dues attached.

· It is issued by the sub-register office where the deed has been registered.

Pledged land · All loans for which the land has been given as pledge have been repaid

· Release Certificate issued by the bank

Land Measurement · Land Measure before registering the property by a recognised surveyor

It is advisable to get all the documents to be checked by a lawyer to ensure they are original and other

requisite authorities too. Apart from the paperwork, it is also essential to check for the connectivity of

the house, its proximity to key places such as market, hospitals, schools, transportation etc. Also, one

must ensure that the property is not isolated as many instances of robbery are being reported.


Building a home is a greater challenge than buying a flat. However, it is much more satisfying since the

owner of the house is involved in every step of the construction process and everything is done as per

their likes.

You are a valued reader of ours! Hope you enjoyed and found informative reading our newsletter as much as we found it making it valuable for you! We look for your valued feedback or suggestions to bring to you much better related information. Do connect with us through e-mail/ phone or social media.

re/max realty review - sept & oct 2014

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