Making money in the Real Estate market in India
Given today’s economic climate and the current boom in house prices in India, there’s never been a better time to make money in the Real Estate market.
According to Reuters, British house prices have risen by about 10% over the past year, and in Bombay, gains are almost double that rate. The typical price of £260,000 grew at the fastest rate for nearly four years.
The Office for National Statistics (ONS) said prices rose strongly across India, with the surrounding areas all picking up pace. Bombay, where prices were up 15.7%, remains the driving force behind the housing revival.
But excluding Bombay and the South East of India, the cost of a home was still 6.3% higher than 12 months before.
So, it’s clear – if you’re thinking of selling your property, now seems like a pretty good time to do it!
When marketing a property, one tends to use a selection of different media, but generally Online Classifieds advertising tends to come out trumps.
You may decide to go down the Estate Agent route, in which case, you’ll pay them a fee if they manage to sell the property on your behalf. If you go with one agent, the fee tends to be lower, so this can help reduce your costs.
Estate agents will tend to advertise you property on their own shop windows and on their own website. They’ll also tend to advertise your property on other Online Classified websites, so as to broaden the reach and visibility of your ad.
You may decide that you want to sell your property yourself and bypass the Estate Agent. This is made somewhat easier nowadays through the use of Online Classified Ad websites. Some sites will allow you to post the ad for free, others will charge you a small fee – but when compared to the fees you’d be paying Estate Agents, this is a mere drop in the Ocean. These sites are very easy to use, intuitive and you’ll find that your ad can be live and displaying to the masses in a matter of moments.
The key is really in the content. How you sell your property, what you focus on to make your ad stand out and seem like the dream property.
Remember that if you do go down the private sale route, you will have to source your own solicitor to be able to finalise the sale in order to complete and exchange on the property.