Category: Finance

Before finalizing on a property deal in Chicago, it is imperative that you ask the realtor certain questions so as to be able to gauge his efficacy and effectiveness. This article lists out few questions that you should ask of your agent before closing a deal.

1. If the agent is experienced enough

This is important as many real estate agents simply pick up skills on the go. A successful realtor who has a successful sales record has more knowledge about the industry. Thus, can help you cut better deals.

When dealing with new real estate agents, make sure you ask them how long they have been in the business for, the number of successful deals that they have clinched, and whether they understand the different legal implications and the various physical inspection processes that a deal entails. This will help you in making a right decision.

2. The neighborhoods that your agent primarily works in

There are certain nuances that you should watch out for before finalizing a property deal. These include schools, plans of lakes and parks, traffic patterns and so on. So, you need to find an agent who has some experience in the locality where you plan on living and this will give you a better chance at making informed decisions.

If the agent regularly works in a certain area, he will know about the prices in the locality, as well as be able to provide better recommendations. Thus, finding a local agent helps a lot.

3. The marketing tools that your agent will use

You should want to capitalize on the marketing expertise of your real estate agent. The realtor must use sales strategies effectively, from photographs to digital marketing and social media marketing, so as to leverage the sales.

Ask your agent if he has innovative ideas to help you find the best deals, and how effectively he will use them so as to help you sell your house. Ask him about the marketing techniques that he plans on using and then judge their feasibility.

4. The real estate agent’s average list-to-sale ratio

The list-to-sale rate of the real estate agent should not exceed hundred percent. Therefore, you should ask your agent about his list-to-sale ratio, as it will help you to gauge his performance better. Having a better list-to-sale ratio will help you in differentiating between various real estate agents.

5. The number of foreclosures and short-sale transactions that he has completed

In cases of foreclosures and short sales, the process is more complicated, thus your risks as a buyer are much greater. You should make sure that your agent has enough experience with complex deals so that you can sail through the necessary processes of negotiation, documentation and organization before you buy your dream home.

If you keep these in mind then you will be able to sail through the process and be able to get a much better deal for yourself, from the real estate agent. So make sure you ask those questions to avoid a pitfall when making a real estate transaction.

The USA is a beautiful country, well managed and a safe place to invest in. Many investors have bought local real estate in the United States, and will continue to do so. There are always ups and downs, so how is the market nowadays?

Many people dream of living there, and some even migrate illegally to the States just to try to live the “American Drean”. Of course the USA real estate market is the biggest real estate market of the world. This is nothing surprising as the US is the largest economy in the world.

There are two other reasons behind this. First it is a developed country and a powerful nation and the second reason behind it is that it gives employment to the citizens of almost every country. So the rental income which people pay monthly is also very high compared to other countries. But the current market conditions are not too favorable though.

Acoording to economists’ predictions of the current state of the real estate market in the USA, it is not very good. Some forecast say the real estate market is about to crash in 2019 and 2020. Even the housing hunger of the middle class millenials may not able to save it. US employment policies are the biggest reason for this downfall in the housing market. Below some sales report numbers will give more data to explain this situation:

1. The housing market update of October: as per the expectations in comparison to the month of September, a 3.4% expected decline in sales was registered. As per this expected data, the house sales fell nationally by 2.1% YTD.

2. The median price of the existing homes: as per the report, the median price of housing units in October was 3.4% lower than the median price of the month of September. The number of housing units sold in the month of October was 513 thousands. The prices of the housing units is always on the upward side but suddenly this downfall is sales is recorded continuously. The consumer debt loads are low, and the mortgage delinquency rates were also very low during this period. This problem is not only about the demand, but supply is also playing a major role.

3. New housing units construction rate in the month October: if we compare the market of October from September the sales of new housing units grew up by 2.9% but if we compare it with the sales of the month of October of last year they decreased by 7.9% of the total sales.

The housing sector is the biggest sector for earning income for every economy including the economy of the United States. The downfall of this sector may give a serious dent to the economy, so the government and other related professionals are somehow worried about this sector.

Irrespective of the current market conditions, the most expensive cities of the USA are New York, San Francisco, Los Angeles, and San Diego. Still these cities manage to sell the most expensive housing units of the whole US housing market. The good news is an improvement in the conditions in the next coming months is expected.

But if you are looking for better prices, check Chicago. This is the large US city with the lowest real estate prices at the moment, much lower than other large cities like New York or Houston. According to real estate broker Kale Realty, the yields on rental properties in Chicago are some of the most attractive in the nation, possibly reaching 3-5% and above.

Alike parlance, a market is a location where trading takes place. Whenever we consider markets, an image that blinks across our thoughts is of a place which is quite hectic, with purchasers and vendors, some sellers, shouting at the top of their voice, attempting to entice clients to get their items.

In the early stages of civilization, people were self-dependent. They grew everything they needed. Food was the primary commodity, which could be very quickly increased at the backyard, and for the non-vegetarians, jungles were open without limitations on hunting.

However, with the development of civilization, the necessities of every being increased; they required clothes, items, instruments, tools and lots of various other points which could not be conveniently made or produced by one person or household. Hence, the requirement of an usual spot was really felt, where people which had a commodity to offer and the people who required that product, could gather satisfy their common demands.

With time, the fashion in which the marketplaces operated transformed and developed. Markets came to be an increasing number of sophisticated and concentrated on their purchase so about save time and space. Different sort of markets entered being which concentrated on a particular sort of commodity or transaction.

In today’s world, there are markets which cater to the necessities of manufacturers, sellers, ultimate consumers, little ones, women, men, pupils and just what not. For the discussion of the topic available, the various type of markets that already existing in today day can be extensively categorized as products markets, solution markets and financial markets. The present post finds to provide an introduction of Financial Markets.

What is a financial market?

Financial Markets, as the name proposes, is a market where different financial tools are traded. The musical instruments that are sold these markets differ in attributes.

They are in truth perfectly fitted to suit the demands of numerous people. At a macro level, individuals with excess money provide their money to the people who need it for investment in various type of tasks.

There is another gamer in the financial market aside from purchasers and vendors. The one which wishes to provide money and the one who intends to spend the cash may be located in various topographical locations, very much from each various other. A common location for this transaction will certainly need the meeting of these individuals personally to shut the transaction.

This may once more lead to a bunch of hardship. It may also hold true that the rate at which the lender wishes to lend his money or the period for which he desires his money to incur passion, may not be acceptable to the borrower of the cash. This would cause a bunch of flaws and latches for closing the deal.

To fix this trouble, we have a physical body called the Intermediaries, which run in the financial markets. Middlemen are the ones from whom the borrowers obtain the harbored cost savings of the lenders. Their main feature is to function as associated with mobilize the funds from the lender to the debtor.

Financial Markets are complex and unpredictable. The movements in financial markets of one country may be the result of cases happening in some foreign land. It might be challenging to comprehend the financial markets at a provided time and spot. Nonetheless, an intelligent gamer in financial markets consistently takes choices by very carefully examining the trends in the financial markets and closely complying with the cues in the residential and worldwide markets.

One also has to be clear about why one would like to go into the financial markets. If one intends to enter into as a capitalist, one must invest in safeties which have the potential of returning his investment with interest after the amount of time for which one intends to spend. In this situation one needs to generally buy protections which are protected and have a reputation of giving excellent returns.

On the other hand, if one intends to trade in safeties, one should thoroughly learn the fads prevailing in the everyday markets and make an intelligent choice by basing one’s judgment on that ground. To lessen threats, one should have a diverse portfolio, to ensure that even if one or some of the financial investments endure, the others make good one’s loss.