Challenges of Real Estate:

Real estate is one of the fastest growing sectors in the country and new real estate companies are being formed every day. The number of real estate companies makes it difficult for them to survive and flourish. Many doubts are raised as to how these companies will survive and deliver on the promises they make to customers. Choosing appropriate mix of technological solutions and knowing how to dominate the local market place are some of the challenges that real estate companies face. Many real estate companies waste time by what they believe to be the latest and greatest hi- tech solutions without understanding the return on investment. Real estate companies have many responsibilities to fulfill for their buyers and sellers. These companies should have a grasp of the market and especially should know the neighborhoods where their clients have properties. The company should also know how to help its clients in getting finance and also know the laws of taxes and local zoning. The real estate company should have a wide network of contacts that can help the clients in fulfilling their real estate requirements. Real estate companies should keep in touch with the latest developments in the real estate market and begin the day by studying the previous day’s market activity. The developments in the business such as new real estate listings, price ranges and the items that have been sold should be kept track of.

 A real estate agent does the paperwork, explains provisions of a contract to a client, reviews documents and coordinates inspections of a property. He has to work closely with the buyers and sellers and has to understand the needs of the clients. He has to find suitable properties and has to gather information so as to better assist the buyers in making decisions. In order to better themselves in their marketing tasks and also to negotiate for better rates for their clients, the real estate agent should update himself with the latest developments in the real estate industry. A good real estate agent should be able to make his client understand each process of the real estate transaction as persons buying or selling properties are concerned with the complexities of the real estate transaction and also about the money involved. Both the real estate company and the real estate agent should constantly try to update their skills and knowledge of the real estate industry. They should also update themselves on the latest trends and issues affecting their trade.

Being in the real estate business is not an easy task, but the trade offers many opportunities for growth.Hard work and a commitment to learning are required to excel in this trade.

Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate. Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India.The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API.Mr.Sushil Ansal has had an illustrious career spanning over 50 years.