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Showing posts from September, 2022

Calculating Value of Commercial Real Estate Property

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The right way of valuing the property is quite important to stay in the race of business, or even if it is your property you need a proper valuation. Any decision related to real estate buying or selling needs proper valuation. Both buying and selling need proper evaluation to reap the benefits. So what actually is the Value of the property, value is the most feasible price the property could reasonably fetch in a market that is an active, open, and competitive market says   Hirsh Mohindra . Also, the transaction should be approached in a transparent manner and both the parties to the contract should be knowledgeable about the same. Are you wondering how you can correctly value the price of your commercial property? So, there are precisely three different ways that are used to value a commercial property correctly. Property that is rightly appraised is the property that benefits you. Without any ado let’s look into these three approaches. The Market Value Approach The first and for...

How To Run A Real Estate Business

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The real estate business can give you a 7 figure salary in a year if you upgrade yourself. Here Hirsh Mohindra will advise you to avoid common mistakes done by many real estate investors and tips to start your real estate business. Learn how to become a self-made millionaire in the most profitable real estate business for now. Customer Satisfaction When you are starting your Real Estate business, first of all, customer satisfaction is very important. If you want to succeed in the real estate business, customer satisfaction will be the key to your success. Every client wants their house to go up in the market price and you should know the customer’s expectations well. Get a CRM In the current business scenario, everyone needs a CRM to make their work smooth and easy. It can help to transfer the work from one place to another place with no delay. Make things easy for smooth work in real estate. CRM is in the demand in the real estate business to make things smooth and easy. Give the...

Is Real Estate brokerage profitable in 2022?

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In today’s era, there are very few businesses that seem lucrative. Real estate is one such venture that has become lucrative to investors says Hirsh Mohindra . But for every business, you need to understand the technicalities of the venture to succeed in the real estate industry. You can learn so from the examples set by serious business owners of the industry. For becoming successful in this venture, you need to know what it takes to run your own business. Starting off as an independent brokerage does not work for everyone, so you can start off as an intern under some reputed real estate agent firm. If we look at the records of the industry as a whole, we will observe that real estate agents make more money than most real estate brokerages don’t make much profit. The foremost reason behind this is the high overhead cost and the declining revenue of the industry says Hirsh Mohindra . So, what exactly is the job of a real estate brokerage? They basically tend to attract g...

Project Initiation in Real Estate

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Hirsh Mohindra : Project Initiation is the process of getting a project off the ground. It’s when you get started on your dream and begin to see it come to life. This is where most people start, but they don’t realize that this first phase of their project will take them years to complete. They think that once they have an idea for a property, then all they need to do is find the perfect location and build it from there. This isn’t true! The real estate market has changed drastically over the past few years, and now more than ever before, you must be prepared for all the challenges. You don’t need any experience or education in order to become successful in Real Estate. All you need is passion, drive, dedication, determination, and hard work! This blog will teach everything about project initiation and how you can make money in real estate. Idea Project initiation is also known as “concepting” or “idea generation”. This process can be used by any type of real estate deve...