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Converting to real estate: is it right for you?

Converting to real estate: is it right for you?

Real estate is a flourishing sector but also remains a sector with its share of surprises. One day, business is doing well and another day it's totally the opposite. An unpleasant experience especially for those who do not know much about real estate.

However, many are those who want to retrain in real estate. A risk to be taken because the sector can yield big for some time. But becoming a real estate ace can be learned.

This area is so important that you have to know it to the bone. Retraining is then definitely not a bad idea but it remains to be seen whether you are made to enrich yourself in the field or not.

Real estate, the sector of all risks

Real estate is the sector with all risks. In particular, we are talking about the constant change in supply and demand. A pillar of the economy, real estate is influenced by many factors. Location areas also play in its favor as well as major projects .

Let us take a concrete case. In city A, real estate is in free fall because there is nothing attractive about the city that could attract visitors to settle there and residents to stay there. The estimate of a property is at its lowest. A few months later, an urbanization project began there with the establishment of large commercial markets.

The city will then attract many investors and the price of real estate will skyrocket. To turn all situations to your advantage, you must be a good real estate agent, free or attached to an agency. Because real estate is never a stable sector.

Become a real estate agent

When you want to retrain in Warangal real estate, you become a real estate agent . It is an official title granted to this kind of job. The real estate agent can be a recognized professional who has received training to be a real estate agent . It is these types of agents who are most qualified to thrive in the real estate industry.

However, there are free agents who have not received any training. They have not taken any training but are sneaking from business to business to earn a percentage in the rental or sale of real estate.

What is a real estate agent?

A real estate agent is an intermediary in transactions involving real estate: sales and rentals. This agent can be a self-employed person or a company, the real estate agency, employing negotiators.

He is generally in contact with his colleagues in the same branch, with town halls and urban communities, communities, institutions, lawyers and courts.

Its field of intervention

It can be varied. Real estate agents are not limited by law to one domain. Their experience and their preferences or methods of remuneration often lead them to specialize; some meet the needs of individuals: housing, garages, land; in a variety of urban or rural situations, recent or old, common or prestigious properties.

10% of real estate agents with little diversity specialize in commercial real estate: offices, warehouses, industrial land, shops, specific activities. He also supports the client during the transaction .

The real estate agent advises the seller on how to present his property. If necessary, some real estate agents will advise cleaning, repairs, tidying up, "depersonalization", reorganization of furniture sometimes even going as far as using the services of a professional stylist.

In India, this phenomenon, initiated in the United States under the name of home staging, can be called “residential valuation” or “real estate valuation”. The goal is to improve the image of a property in order to sell it.

After this step, shots (photography, video, or even modeling) will often be taken to be distributed by publications on the Internet or in the specialized press to generate contact.

The commercial actions of the real estate agent

The commercial actions implemented by the real estate agent for the sale of the property can be: relaunching his file of potential clients, placing of signs, advertisements in the press, presentation in a window, dissemination on the internet, as well on the site of the agency than on sites with multiple diffusions, campaign thanks to printed matter.

Converting while owning

Some people have more than one property. They therefore want to market them on their own. One can then here of personal reconversion in real estate. A risky step if you do not know the area.

Those kinds of people who sell or rent their property themselves cannot afford to pay agent fees. So they become agents to market their own good. Which can present advantages as well as disadvantages.

The idea is above all to bet on the right market at the right time so as not to generate significant losses. All this while realizing the value of the property for sale or rent on the market.

Agents as self-employed in real estate

Self-employed workers generally enjoy a wider choice of assignments than in a regular job, and almost always have much more freedom in their working hours. If someone is not a freelance by choice, the experience nevertheless makes it possible to open up to new skills and to create a network of contacts, with the possible hope of being hired full time by one. of them .

The main drawback is the uncertainty of work and therefore of income, with in addition the absence in some countries of social security and pensions, especially in developing countries, unless the self-employed person is a client of a fund. pension and other social security services.

These expenses can represent 20 to 40% of net income. In France, the self-employed person has the obligation to contribute for all contributions to a health insurance and pension fund, that is to say both employer contributions and employee contributions.

This generally brings the total of compulsory social security contributions (and professional liability insurance) to 53% of operating income.

In France, expenses and professional investments are deductible from charges. By way of comparison, a worker who cashes CESUs in France, checks which are reserved for employment at the customer's home, would have a 50% debit with very little paperwork.

In addition, some of this CESU income is not subject to income tax. Like the short-term employee (temporary worker), the self-employed person must ask for sufficiently high remuneration to cover his holidays, because when he is on leave he does not work and is therefore not paid.

The other downside is that self-employed people have to deal with contracts, legal clauses, accounting, marketing and other business functions without actually being specialists in these areas. Intermediation services are offered to them to make themselves known and facilitate administrative tasks, such as Malt .

The working hours may be longer than those of employees and workers, if the self-employed person invoices at a fixed rate or by the result and not at the actual hour. Finally, in the event of an accident at work, sick leave or occupational disease, it may be difficult to assert your rights resulting from your contributions

Sudheer Kumar

Sudheer Kumar

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