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Home buyer

7 Mistakes of first-time house buyers

Here are 7 rookie mistakes I’ve seen others make…I’ve bought and sold a number of homes now, and I watch these happen again and again.

The 7 Mistakes!

 

  1. They Buy at the Top of their Range. Don’t you want to be able to go out, travel, have a decent car or be able to weather a job loss? Always buy *below* what you can afford.
  2. They Are Misled By Beauty. There is a reason people hire staging companies or do minor upgrades – it sells homes. Don’t let the beauty of the interior mask real problems of the house…it is far more important that a house functions for you or doesn’t flood, than whether you love that midcentury light fixture.
  3. They Shop in the “Hot Neighborhood.” You don’t want the hot neighborhood…you want the *next* hot neighborhood. You will pay at the top of market for the cool factor of now…but if you buy in the next place to pop, you’ll have equity for days.
  4. They Make “Emotional” Decisions. This is the biggest financial purchase of your life…make it with your head, and not *only* your heart. You can fall in love with many homes, make it a smart purchase – make sure the numbers work, pay for solid inspections, and be able to walk away

5.They Only Think About the Mortgage Payment. That mortgage payment is only one expense of owning a home. You have utility costs, property taxes, school taxes, maintenance, etc..be sure to count those in because they can be significant! Check out the property taxes and other expenses early.

6. They Overlook “Grandma Homes.” An aesthetically “ugly” house with good bones, in a solid neighborhood is almost always a great investment. So what if it has shag carpet or an “ugly kitchen?” Buy the home, contract that out, and save yourself at least $100K off your purchase price. Even better? Do the work yourself over time & you can sell at a profit if or when you move.

7.They Shop For Others/Appearances. Don’t look for a place that will impress your friends, buy a house that works for you. It’s better to have a small yard for your pup, than a master bedroom that looks good on Instagram. You will appreciate that yard every day, and the “likes” aren’t worth it.

10 Signs that you’re a Nightmare Home Buyer

10 Signs that you’re a Nightmare Home Buyer

10 Signs that you’re a Nightmare Home Buyer

By Era Projects

On your quest to become a homeowner in the Kingdom of Bahrain, you may be your real estate team’s worst nightmare.

While most real estate professionals love helping first-timers accomplish the dream of homeownership, nothing quite sours a deal like a nightmare buyer. Nightmare buyers can be poor communicators and planners. They approach situations in a combative way and have unrealistic expectations. Not only do they make the entire buying process difficult for everyone involved, they also inadvertently put themselves at a disadvantage. Are you among those considered unreasonable home buyers? Here are some of the telltale signs:

They approach situations in a combative way and have unrealistic expectations.

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10 Signs that you’re a Nightmare Home Buyer
  1. Failing to Communicate

Having open lines of communication between you and the various parties involved in the home buying process can make or break your experience. Effective communication is a two-way street. You should receive prompt follow up from your real estate agent, lender, title company and escrow officer, and you should also provide them the same courtesy through your responsiveness. By going dark on your real estate agent, you could miss a deadline to submit an offer on your dream home. Ignoring requests from your mortgage lender can cause delays in securing your loan.

/10-signs-that-youre-a-nightmare-home-buyer

  1. Having Unrealistic Expectations

One of the preliminary stages of buying a home is getting educated about the inventory in your target market. It can be disheartening to learn that your money doesn’t buy as much as you hoped it would. However, you can’t fit a square peg in a round hole. If you’re motivated to buy a property, at some point you’ll need to come up with a new strategy that meets your objectives and works for your wallet. Can you open your search to a more affordable neighboring town? To stay in your desired area, can you consider different home styles, like Apartment condos or fixer-uppers?

Joe Pescoran
10 Signs that you’re a Nightmare Home Buyer 1

  1. Blowing Off Your Home Tours

Everyone is busy, and fitting a home search into an already packed schedule can be stressful. But if you’re serious about buying a house, you have to make it a priority. Not only is it rude to be a no-show at a scheduled property tour, it sets the wrong tone, which can hurt you down the road. For example, in the early stages of house hunting, you may decide to cancel a showing at the last minute. Fast-forward a few months when you’re serious about seeing a property. Coincidentally the same listing agent is representing the home and remembers you as the flakey buyer.


10-signs-that-youre-a-nightmare-home-buyer
  1. Bringing Your Entire Entourage to a Showing

Sure, it can be helpful to have a close family member or friend to accompany you while you look at a home, but having more than a few extra opinions can be overwhelming. If you decide to bring a guest with you to showings, it’s important to set expectations. Many people offer their unsolicited feedback, which can be discouraging when you don’t see eye-to-eye. Before involving a third party in your search, make sure that person understands your priorities and budgetary constraints.

10 Signs that you’re a Nightmare Home Buyer 2

  1. Nickel-and-Diming After a Home Inspection

In real estate, everything is negotiable. While it’s common for negotiating to happen after the home inspection, some take it a bit too far. When buying a used home, buyers shouldn’t expect everything to be perfect – because they never are. Renegotiating price or preparing an extensive repair agreement over minor items is nickel-and-diming, specifically regarding conditions apparent to the naked eye, like peeling paint or damaged floor coverings.

Ignore

  1. Ignoring Your Lender’s Sound Advice

Having a solid working relationship with your lending institution is key – after all, you are depending on the lender to issue your mortgage. When your application is going through underwriting, all of your finances will be scrutinized. During this time, you will be advised not to make any major changes to your financial situation. Switching jobs, buying a new car or taking on more debt mid-transaction can put a lot of strain on the situation or even tank your deal.

  1. Taking Real Estate Concepts Out of Context

You never want to go into a major buying decision blindly. During the preliminary buying stages, you’ll want to get informed and may feel the need to consult Google for all of your real estate questions. With real estate laws and practices varying from state to state and even county to county, you don’t want to take information out of context. When you’re actually ready to buy, you want to surround yourself with trusted experts who are well-versed in the nuances of your local market.

10-signs-that-youre-a-nightmare-home-buyer
Photo by Khadija Yousaf on Unsplash
  1. Forgetting to Mention a Buying Partner

It may seem hard to forget about a partner when you’re buying a home, but it happens more often than you might think. A partner may be someone who is helping to finance the purchase, like a parent or grandparent. Another example of a partnership is an unmarried couple who buy a home together. In both of these situations, many questions need to be answered, such as who should be on the deed? Who should be on the mortgage? How involved should all the partners be? There’s nothing worse than waiting until the final hour and realizing you need a parent’s final stamp of approval before funds are released.

  1. Having Your Funds Tied Up

A key component of buying a house is transferring funds over to the seller. As such, money must be liquid and readily available at the time of closing. It’s truly a nightmarish situation when a buyer’s money is unable to be accessed because it’s locked up in a bank with limited transfer options. Proactive planning can eliminate this issue. By contacting your bank ahead of time, you can walk through the available methods for transferring funds and ensure you won’t hit a snag at the time of closing.

  1. Approaching Everything in a Doom and Gloom Way

Almost all transactions have some sort of complication or inconvenience – a home inspection doesn’t go as smoothly as planned, you need an extension to get financing, a seller accidentally forgets to submit paperwork, which causes a delay. In face of these issues, some people take on a doom-and-gloom mentality and shut down. Having a solutions-oriented approach is a much more effective way of working through any real estate-related problem. Things don’t always go as perfectly as you want, but if you focus on finding solutions, you have a much better chance of getting through the transaction.

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Investment Property

 How to Successfully Manage an Investment Property

 How to Successfully Manage an Investment Property

 

Purchasing an investment property is only the first step as a property investor. The next step is actually managing the property. There are very specific management requirements you will have as a rental property owner. Here are five tips to make your investment a success.

Apartment for rent

Keep Up With Maintenance.

One of the most important things you should do with your investment property is to keep up with the property maintenance. This is important for two reasons. First, under landlord-tenant law, you are legally responsible for keeping the property up to certain health and safety standards. This includes keeping the common areas in good condition and making sure the tenants have somewhere to throw their garbage. Second, if your property is not maintained, you will have a hard time finding and keeping tenants.

People do not want to live in a rat-infested rental with constant plumbing issues.

Avoid Tenant Turnover

The next important way to successfully manage your rental property is to keep your tenants happy so that will want to keep renting from you. There are simple things you can do to keep tenants happy, such as quickly responding to repair requests and making an effort to place other good tenants in the property. One of the main reasons tenants move is because they are not happy with their neighbors. Having strict tenant screening procedures in place will help you weed out the good from the bad.

Follow Landlord Tenant Law

Understanding and following landlord tenant law will help you manage your rental property and your tenants It will provide a structure for you to follow, which will lead you to make fewer mistakes and therefore streamline the management process.

For example, you will learn the rules for how much you can collect as a security deposit when you must return a tenant’s security deposit, reasons you can evict a tenant in your state, the process of evicting a tenant and reasons a tenant may be able to legally withhold rent. You need to be familiar with the statewide landlord tenant rules, but you must also check with your local town to see if there are additional laws that may apply.

Hire a Property Manager  How to Successfully Manage an Investment Property 3

Managing a rental property can be overwhelming and time-consuming. Hiring a property manager is the right way to solve this problem for some property investors.

You can hire a property manager to do as much or as little as you want. Some landlords only want them to collect the monthly rent, while others want property management companies to do everything from filling vacancies to handling all repairs.

Hiring a property manager is a big decision and it is not cheap. You need to weigh the financial pros and cons to determine if it might be the right choice for you. Keep in mind that there are many bad property managers out there who can completely destroy your rental property, so you need to screen property managers very thoroughly, just as you would prospective tenants.

 How to Successfully Manage an Investment Property 4Pay Your Taxes

Finally, to make money as a property investor, you need to make sure you are properly managing your financial obligations. One large obligation every investor has is to pay their taxes.

Paying taxes as a rental property owner can be confusing. Since it is a business, you can often deduct home office expenses and since it is property, there are many deductions involving depreciation that you are allowed to take.

 

You may also be interested in:-

Find the Right Apartment for Rent and Sale in Bahrain

 

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What you need to know Bahrain VAT.

Everything you need to know about Bahrain VAT.

Buy Apartment Bahrain

Bahrain prepares for VAT introduction next year

Bahrain VAT to levy 5 per cent value added tax (VAT) from January 1, 2019, following the introduction of the tax in GCC states UAE and Saudi Arabia in 2018.

During a meeting held at the ministry of Finance and National Economy on Tuesday, officials confirmed that they will “review the mechanisms of applying VAT during the trial period for its launch” and that it will continue to organize and participate in a series of workshops for companies and institutions to raise awareness of the technical, legal and procedural aspects of the tax.

Sheikh Salman bin Khalifa Al Khalifa, minister of Finance and National Economy, also stressed that the government agencies will “ensure the proper implementation of VAT procedures from the first day of its launch during the trial period, taking into account the importance of market stability”, the official Bahrain News Agency (BNA) reported.

VAT details 

Earlier this month, Bahrain’s ministry of Finance announced that VAT will be introduced in a phased manner through transitional mandatory registration thresholds, consultancy PwC revealed.

According to the regulations, businesses earning over BD5m ($13.2m), will have to be registered by January 1, 2019, while those making over BD500,000 ($1.3m) and BD37,500 (over $99,730) have to be registered by July 1, 2019 and January 1, 2020 respectively.

Businesses below the mandatory registration thresholds for 2019 are not required to register next year while those wishing to voluntarily register in 2019 must exceed the voluntary registration threshold of BD18,750 ($49,860).

Large businesses will file tax returns on a monthly basis and all other businesses will file quarterly. However, for 2019, registered businesses will have only three or four tax periods, depending on turnover. Tax returns will be due on the last day following the month of the end of the tax period.

Bahrain’s VAT law also sets out a number of differences from the VAT laws that have been already been implemented in Saudi Arabia and the UAE.

Some of these key differences relate to the zero-rating and VAT exemption provisions in the law, PwC stated.

“In particular, it is expected that Bahrain will apply the zero-rate on basic food items, the construction of new buildings, education and healthcare services, local transport services, as well as oil and gas and derivatives,” it said.

“The sale and lease of real estate as well as certain financial services (ie those with an implicit fee) and life insurance/reinsurance will be exempt from VAT. Financial services provided for an explicit fee including account management, certain trade finance services and fund management will be subject to standard rate VAT. Standard rate VAT will also apply to non-life insurance/reinsurance,” the report added.

The regulations contain certain “business-friendly” provisions aimed to reduce the burden of VAT on businesses and certain taxpayers, PwC stated.

Apartment for rent in see

These include:

• Tax invoices being acceptable in Arabic or English. “The requirement in Saudi Arabia to produce tax invoices solely in Arabic caused considerable difficulty for many businesses with standard ERP systems,” the report stated.

• The acceptance of a bank statement as a valid tax invoice, subject to some minor amendments. “This will be welcomed by banks as this should reduce the burden to produce a separate tax invoice for bank accounts or to significantly adapt such statements to comply with the rules for standard tax invoices,” said PwC.

• Provisions allowing businesses to apply to defer the payment of VAT on imports of goods to their next tax return. “This will be welcomed by large importers who may otherwise be in a regular VAT refund position,” the report said.

Provisions allowing businesses who export more than 50 per cent of their turnover and who expect to be in a regular VAT refund position to request that the domestic reverse charge mechanism will apply on certain local purchases. This will reduce the cash-flow burden of VAT refunds for these exporters, according to PwC.

However, the consultancy also warned that VAT will still be complex for certain sectors, particularly financial services and real estate.

“As with most countries with VAT, banks and financial institutions will make both taxable and exempt supplies, and great care will be needed to compute the recoverable input tax correctly,” it stated.

What you need to know Bahrain VAT. 5

Information courtesy: PwC Bahrain VAT law also states that the penalty for tax evasion is imprisonment and a fine. Administrative penalties will also apply in case of specific violations, such as the late submission of a VAT return or failure to register for VAT. Similarly to Saudi Arabia and the UAE, penalties will either be a percentage of the tax or a fixed penalty.

apartment for sale in bahrain

10 Reasons People Are Moving to Bahrain.

Are You Thinking About investing In Bahrain? Here Are 10 Reasons As To Why So Many Expats Have Chosen To Relocate To

The Kingdom Of Bahrain.

 Tax free income

Cited as the primary motive for relocating to Bahrain, employees benefit from a 100% tax free salary.

 Weather

Positioned near to the Topic of Cancer and surrounded by desert, the Bahrain is pray to year-round sun and relatively little precipitation

 Lifestyle

Notorious for its mix of beaches, impressive architecture, shopping malls, sporting activity, restaurants and night life, there is no shortage of social activity whatever your interest

 Location

The Middle East is one of the world’s most accessible hubs for both business and pleasure.

 Petrol prices

Averaging just 3 to 4 % of average salaries, the cost of petrol and transportation is relatively low in relation to other costs of living in the Middle East

 Professional experience

Exposure to the multitude of nationalities that reside within the Middle East provides a fantastic platform for inhabitants to build their multi-cultural experience and career progression opportunities

 Bahrain is a land of opportunity

Whilst there remains a heavy reliance on the oil sector throughout the region, there is increasing diversification to other sectors which is boosting the job market and demand for skilled labor

 Low Cost Real Estate

Whilst the cost of living is by no means cheap, residence gets a high quality of living for the price they pay

 English is widely spoken

Much business in the Middle East is conducted in English, removing the language barriers for Western expats doing business with locals

Apartment for rent

6 Best Practices for Flipping an Apartments and Maximizing Profits – Apartment for rent

One of the ways to earn huge profits in the real estate market is through flipping Apartments . Like any investment endeavor, however, it involves lots of work and risks. It is important to approach this carefully and with as much knowledge as possible.

Apartment for rent

So how exactly do you make money from buying an Apartment, renovating them, and then selling them down the road? Start by keeping these best practices firmly in mind.

 

6 Best Practices for Flipping an Apartments and Maximizing Profits - Apartment for rent 6

Make Sure You Have Great Credit or Lots of Investment Cash

 

The main idea behind flipping an Apartment is to buy a relatively affordable property, renovate and spruce it up, then sell it for a profit. But if you have a lousy credit score or if you do not have enough cash, then you can’t buy that investment Apartment in the first place.

 

Before doing anything, check your credit score. You can do this without cost by obtaining a credit report from any of the three national credit reporting companies in the Bahrain. If your credit score or cash reserve is not as good as it should be, then it is advisable that you focus on building it up first.

Invest in Standard or Entry-Level Homes

The Apartment market offers a wide range of property options, from studio apartments to single-family houses to 3 to 5-bedroom Apartment. How do you decide which of these you should go for?

The answer to that question depends on your capital, experience in the house flipping industry, and loads of market research. But if you’re a beginner, a good approach is to go for standard homes as there will be enough demand for that.

A standard house would have 3 to 4 bedrooms, is great for a small to medium-sized family (about 161 to 191 Sqm), and has an entry-level price tag (will vary depending on the area). The idea here is to find a property that you won’t find difficult to flip later on. Make sure as well to go for a house that won’t sink your budget come renovation time.

Find a Profitable Location or Neighborhood

One major thing you should keep in mind when fixing and flipping an Apartment is that, yes, you can increase a house’s value but it will be more difficult to improve its neighborhood. Therefore, always research the locations of any investment property you are considering to maximize return on investment.

A few things to check are how much your chosen home types are selling in the area and how fast they are being taken off the market. It is also a good idea to choose locations that are near you if you’re still a beginner at this. That way, you don’t overextend yourself when doing your research.

Seef, Manama, Muharraq, Hoora and Juffair have great property inventories at the moment and are definitely worth looking into. There are also a number of good listings in Bahrain that you should check out if you are based in Bahrain.

Research and Analyze Market Data

 

Apartment for rent

Assess your property options as carefully as possible. Do your due diligence, gather all of the important data, and make informed decisions. Do a risk vs. reward analysis. Deep dive into the costs of refurbishment in order to avoid costly surprises and mistakes later on.

 

It is also imperative to take advantage of home inspection services. When you buy a house for flipping, it should only need cosmetic upgrades to maximize profits. A house inspection can expose potential money pits hidden behind the walls or under the basement.

 

You should also do research into market trends. See which home upgrades people are more willing to spend money on. Factor in the data from your neighborhood analysis as well. For example, will there be new constructions in the area that will raise or perhaps lower the value of your investment property?

 

By looking into these matters, you will be more aware of what you’re getting into and, hopefully, avoid biting more than you can chew.

 

Buy and Renovate the House with the Help of an Excellent Team

 

House flipping is all about working with the right people. Perhaps you can do your own market research by yourself. But once you start the process of buying an investment property, you’ll have to work with other professionals. Be prepared to deal with realtors, lawyers, and home inspectors.

 

And once you are ready to start the renovations, you’ll need to find a great contractor and builders. So, find the perfect team for you. Make sure to vet any professional you decide to work with. Check their portfolio and see what their past clients are saying about them. By making sure that you are working with a good team, you minimize unwanted stress and expenses.

 

Flip the Home as Quickly as Possible

The longer your investment property stays on the market, the more expensive it will get for you. After all, you’ll have to pay for its maintenance and utility bills while it is still under your name. So, again, work with a realtor and even a staging professional to market your renovated house as effectively as possible. A quick sale should be your primary goal at this point for maximum profits.

Apartment for rent

Are You Ready to Flip Homes?

There is a lot to be gained from flipping homes. It can be a lucrative business for you with the right approach. Keep in mind the best practices above and good luck with your property investments!

Your Can also be interested in:-

Renting a property in Bahrain

Finding the right Property In Bahrain

 

apartment for rent

9 Creative Real Estate Marketing Ideas & Strategies

Real estate marketing is all about promoting your brand as an agent and securing buyer and seller leads by sharing your listings on social media, advertising your agency, and building your website content.

Here are 9 of the best real estate marketing ideas that the pros use.

1. Choose Words That Sell

If you’re working as a listing agent, it’s important to create descriptions that will jump off the page and grab the buyer. A good tactic is to appeal to the buyer’s emotions. Use keywords that paint a picture. It’s not just about telling facts but also about selling stories.

Market Leader lets you buy actual buyer and seller leads who want to be contacted by an agent. Check to see if you can list properties with Us.

2. Create Subdivision Website Pages

While you may not be able to compete with Propertyfinder Bahrain for search terms like “houses for sale in [city],” you might be able to rank on Google for more niche search terms for micro-neighborhoods, pretty streets, or subdivisions. Photos, videos, a market snapshot, school district information, and pertinent details about a subdivision or area are great ways to build organic traffic to your website.

3. Write a Killer Real Estate Newsletter

Once you decide to incorporate a drip email campaign into your real estate marketing strategy, create killer email newsletters. According to Outbound Engine, the subject line is the first thing potential clients will see, so use a strong subject line to capture the attention of your readers.

Email newsletters should also be based on a visually appealing template and include a call to action (CTA) that engages readers and converts leads into clients.

apartment for rent

4. Employ Google AdWords

One of the most effective marketing tactics that generate new clients for real estate agents and brokerages is Google AdWords remarketing. A fairly new feature offered by remarketing is the ability to target people who recently visited specific websites and/or have typed in specific queries on Google.

This way, you can target people who recently searched for “sell the house,” “buy a house,” or “Realtor” and those who visited MLS [multiple listing services] listings and real estate websites, including those of your competitors.

To create that targeting list, go to the Google AdWords Campaign dashboard, create a remarketing list based on interests and add a list of websites URLs and keywords.

After this, your advertising banners will be served to people who are currently interested in buying or selling houses — those who have visited these sites or searched for these keywords — and will drive qualified traffic in your region to your website.

5. Master Your Elevator Pitch

Imagine you were given BHD 5 million to advertise your business with a 30-second ad during the A Big Event (spots event). What would you say? If this question is leaving you scratching your head, you need to work on your elevator pitch. A 30-second-or-less speech that shows off your unique skills and experience offers value and can end up producing more leads. If you want to learn how to come up with a killer elevator pitch, check out More video from YouTube.

6. Host Local Neighborhood Tours

When it comes to great marketing, nothing beats the personal engagement that comes from hosting a fun event for your sphere. Even better — why not host an event that shows off your own love and expert knowledge about your farm area?

Bin Faqeeh Real Estate Investment Company does just that. Bin organizes regular walking tours of historic Bahrain neighborhoods for his sphere. Since he hires a professional tour guide for the events, he generally gets 70 or more people to attend each tour.

7. Livestream Your Agency’s Day to Day

When scrolling through a social media feed, a “Live Now” tag is pretty much irresistibly clickable. People are naturally curious. Seeing a new listing for the first time? Why not show your audience via live stream? They’ll feel like they’re getting the inside scoop, and you’ll be able to build your audience and get more leads. That’s a win-win situation.

8. Use SEO to Drive Traffic to Your Website

Search engine optimization (SEO) is a terrific way to use your business content to increase website visitors and expand the reach of your marketing.

Certain keywords like “houses for sale, Propertyfinder Bahrain, Apartment for sale, Buy Apartment, Rent Apartment” “MLS,” and “for sale by owner” or “FSBO” have higher SEO value than other terms.

Optimize your online content even more with keywords that are extremely local, like “Prospect Heights townhouse,” rather than general keywords like “real estate for sale, apartment for rent, apartment for rent in Bahrain

9. Highlight Homes With Professional Photography

Buyers are increasingly turning to online photography as the first step in the process of purchasing a property. It’s not enough anymore to put a sign in the front yard or raw data into the MLS.

To compete with even an average listing agent, you have to create a story that compels buyers to take the next step. That story most often begins with a picture, many of the Kingdom’s Agents have ignored professional Photography.

apartment for sale in bahrain

Becoming The Best Real Estate Agent.

 

The market of Leasing or selling properties in Bahrain is open to the public, but being the best agent in the field is one of the hardest tasks and While many people stress out over passing the real estate agent test, their focus is really on the wrong end of the problem. You’ll pass the test if you study, but if you don’t pay attention to the five items below, you will most likely join the large group of agents who fail to make it in the business because they don’t plan.

Have a Backup Income Source

You should have enough money saved up to make it for at least six months without a commission or keep your day job for a while. Becoming a Real estate agent part time may not have been your plan, but you need to have the ability to pay your bills while you get started. Unless you have some family members or friends ready to buy a home, you can go for many months without an income.

Apartment for rent in Bahrain

Learn Your “Book of Business”

Some call it working your “sphere of influence.” Becoming a real estate agent is just the very first step in a long career of working with buyers, sellers, investors, appraisers, loan officers, mortgage brokers, inspectors, title companies and others. Start right by finding a good contact management system in which you’ll enter all of these contacts and prospects.

You’ll want to follow up over time, and you’ll need an efficient way in which to locate the information you’ve filed away on prospects and contacts. #PropertyfinderBahrain

Apartment for rent in Bahrain.

Start Right With Technology and the Internet

No matter what some of the “old-timers” may tell you, you need the Internet to market in today’s real estate world. While some with many years in the business can continue to succeed due to referrals and past business over the years, you’ll need to use your website and social networking to get a foothold with today’s buyers and sellers.

A budget for a good web presence, though it need not be expensive, Many real estate managers would consider using terms such as “SEO” with very low knowledge of what this means. most of the time when you hire someone to do the job for you it means you don’t understand its protocol and need someone to help you guide that field in your company.

It’s important not to stick on the old timers methods but rather move gradually with, (SEO, SEM & SMM).

 

Plan Ahead for Challenges Getting Started.

For most would-be real estate agents, the courses and the test for licensing turn out to be less scary than they anticipated. The rude awakening comes later when they don’t find that easy income in the first couple or three months. They thought they had a family member or friend all lined up, but they are taking their time, not buying or listing when the new agent thought they would.

apartment for sale in bahrain

Nine Financial New Year’s Resolutions That Will Save You Money In 2019 If Considered.

Are you looking to improve your financial goals in 2019 and ultimately save more? Here are a few financial new year resolutions that will help improve your financial lifestyle:

apartment for sale in bahrain
Apartment for sale in Bahrain

1. Identify your financial goals:

Before you embark on these financial new year resolutions, think of what you would like to achieve financially in 2019. Are you trying to save to buy a house? Or perhaps pay off some old debt? Whatever your goals are, getting specific about them will help you achieve your goals.

2. Go over your finances in 2018:
Think of how much money you spent in 2018 and what you spent it on. This will help give you a clear idea of what you need to do in order to better your financial decisions and start saving in 2019.


3. Start tracking your spending:
apartment for sale in bahrain

3. Start tracking your spending:

When you commit to tracking your monthly spending, it will be easier for your to monitor your  habits. While this can change from month to month, it’s a great way to help you predict the upcoming months spending, and will help you eliminate unnecessary cost for the upcoming month.

4. Give yourself small savings challenges:

Small saving challenges are a great way to start building up your savings account. You can commit to 5 BD a week or 50 BD a month, depending on what is more suitable for you. These smaller amounts will make it easier for you to commit to saving, and not panic about larger amounts.

5. Commit to zero spend days:
No spend days are a great way to help you save and budget better. Try and commit to one day or one weekend a month as a ‘no spend day’, where you do not buy or spend money at all.

6. Start cooking more at home:
The cost of dining out adds up, regardless of how little you think you are spending on one meal. And one of the easiest ways to save a little extra is by cooking more meals at home.

apartment for sale in bahrain
Apartment for sale in Bahrain

7. Pay off your credit card debt:

If possible, think about a one-off payment to eliminate your credit card debt. Monthly payment and interest amounts can easily accumulate to more spending, and paying it off is beneficial for you in the long run.

If you think resisting taking a selfie when you’re face-to-face with your fave celebrity is a testament to your willpower, that’s sissy stuff compared with turning down every offer to open a credit card, even if you could save 20 percent (or more!) on your holiday purchases. Tempting as saving at checkout can be, opening new credit may hurt your chances of getting a mortgage, or at least of getting the best rate on a loan.

8. Remember, budgets change:
The “all or nothing” mentality does not work when it comes to saving. There will be months where you budgeting will not go as planned, and your long-term goals might even change, but this is very normal and is bound to happen. Here, tracking your spending will help you evaluate how to move forward.

9.Interview potential real estate agents.

If your neighbor, relative, or friend of a friend happens to know (or is) a real estate agent, that’s great. This person might be the perfect agent for you. But you owe it to yourself to shop around. “Look for [an agent] who is knowledgeable, good, integral, and can assist you in reaching the goal of home-ownership,” says Seef District, real estate agent. “Make sure they are not a novice, new, or just unaware of how to do a specific transaction.” The end of the year is usually a slow time for agents, so chances are they’ll be more accommodating to making an appointment on your schedule.

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Apartment for rent

A GUIDE ON HOW TO BUY PROPERTY IN BAHRAIN AS AN EXPATRIATE.

The Real Estate sector in Bahrain is moving in the right direction and over the past few years, investor confidence has been on the rise. The proof of this lies in the numerous freehold projects across Bahrain in Seef, Amwaj Islands, and Juffair etc. Bahrain has a buoyant real estate sector that’s complemented by a thriving energy sector and a host of governmental initiatives aimed at improving the local infrastructure and facilitating the local market.

However, when it comes to real estate, most expats who have not lived in Bahrain for long, feel lost as to how to go about the process of buying property in Bahrain- This is meant to provide some insight, precautions, and direction.
•The First step is to always find competent real estate agents who are experienced in the kind of property you are interested in. Speak to as many agents as possible and try to hear different opinions before you make any commitments.

• Do your research in terms of which area you should buy your property in. The more you educate yourself about the different cities and areas in Bahrain, the easier it will be to speak to agents in those areas and extract more value from your conversations with them.

• Regularly visit real estate portals for properties for sale in Bahrain.

• It’s advisable to steer clear of Freelancers who dabble in property brokerage as a part time job to make some extra money on the side. The reason for this is that they might not have correct or detailed information about the properties they are trying to sell. Buying a property is a considerably big decision and you are better of working with a broker that has a real estate license, has been around for while and is experienced in dealing with the type of property you are interested in.

• Once you have a few properties to consider, ask questions about the property’s history and its previous owners.

o Ask who lived there before
o What price was it rented at or sold at before
o Get a sense of the prices of the properties in the same neighborhood. The idea is to benchmark the prices so that you have a sense of whether you are getting a good deal or not.
o Ask around / do your research about other significant projects in the area that might affect the value of your property.
o Try to find out if there are any infrastructural projects being planned in the area that might affect the value of your property – airports, roads, ports, malls etc.
o If you are planning on living there, it’s also important to consider how far it is from schools, parks, clubs, malls and your work place etc.

See properties for Sale in Juffair and Seef Area Also see Era Real Estate listing of Flats for Sale in Manama

• If you plan on buying the property as an investment and then renting it out, you may want to consider asking yourself the following questions:

o Will people like to live in this place?
o From a tenant’s perspective, are there any other areas or neighborhoods nearby that are being rented out for a lower price?
o What’s the overall return on investment given the average rent of the place?
o How much will it take you to maintain the property? Factor this into your calculations when calculating ROI?
When it comes to buying property in Bahrain, it’s important to take the following precautions.
o Always ask for a receipt against any and all payments
o Make sure you have the original copies of all the paperwork.
o Keep all correspondence well documented.

Buying property is a decision you should not be hastened into. Take your time, do your research, have candid conversions with your broker, communicate expectations and feedback clearly and always rely on trusted real estate brokers with a proven track record.

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