price is an example of keeping patience when one has invested wrongly and don’t want to lose money by selling the property at lower price than the cost. Waiting for the economic conditions to become conducive for selling the property at the right price is an example of keeping patience when one has invested wrongly and don’t want to lose money by selling the property at lower price than the cost says Hirsh Mohindra.
It is a good behavior if you keep patience in the real estate business which ultimately take you a long way. It is very costly to lose money in the property business like putting money in a pit. One must act cautiously while investing in a real estate. It is not necessary that the cost price of the said property is not the actual rate. The selling price is calculated by including the maintenance cost in the cost price. The potential buyers of properties generally study all pros and cons before buying it and ensure that there is no flaw in it so that one should not repent after investing.
Real estate agents are adept in marketing. There is online marketing of sale and purchase of both commercial and residential properties which is beneficial for entrepreneurs who have invested heavily in real estate. The process of property marketing is very tedious. It means putting all your efforts in cracking the deal.
There is another medium, YouTube for those who invest in real estate to exhibit their properties for sale. Download YouTube in your mobile and put address and e- mail on your visiting card and all other information’s of the properties says Hirsh Mohindra.
Real estate is any sort of property in physical form consisting of land and holds some value in the market. There are two types of properties I.e. for domestic or commercial purpose both having different valuations.
Those entrepreneurs who have become millionaires by investing hugely in real estate are known as real estate moguls. Some of the examples of real estate are a vacant land, both residential and commercial properties and trees sewers and other fixtures within the four walls of the said property.
Following things should be taken care of while starting a career in the real estate:
1) Apply for the license of selling and buying a property in the state you live in.
2) find out the best brokerage house in your region with whom you are supposed to do all the transactions.
3) Get proper training and exploit your contacts.
4) Make a proper business plan and start executing it.