Saturday, December 14, 2013

What Is Escrow Payment

An escrow is:
An arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses money or documents for the transacting parties, with the timing of such disbursement by the third party dependent on the fulfilment of contractually agreed conditions by the transacting parties, or  an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.
The word derives from the Old French word escroue, meaning a scrap of paper or a roll of parchment; this indicated the deed that a third party held until a transaction was completed.
Escrow payment is a common term referring,  to the portion of a mortgage payment that is designated to pay for real property taxes and hazard insurance. It is an amount "over and above" the principal and interest portion of a mortgage payment. Since the escrow payment is used to pay taxes and insurance, it is referred to as "T&I", while the mortgage payment consisting of principal and interest is called "P&I". The sum total of all elements is then referred to as "PITI", for "Principal, Interest, Tax, and Insurance". Some mortgage companies require customers to maintain an escrow account that pays the property taxes and hazard insurance. Others offer it as an option for customers. Some types of loans, most notably Federal Housing Administration (FHA) loans, require the lender to maintain an escrow account for the life of the loan.

Even with a fixed interest rate, monthly mortgage payments may change over the life of the loan due to changes in property taxes and insurance premiums. The validity of an online escrow company's license can be checked with the regulating authority. Usually this is accessible through their official website, and should always be checked before dealing with an escrow company to ensure it is not a look-alike or fraud.
Kalpesh Shah
Kalpesh Shah 
Contact :  Aasha Realtors :
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 /  022 - 28906363
Mobile :-Neeta- 9821411063 
Skype Id :- neeta.shah30 
Shop No. 2 & 10 , Shailesh Apartments, Borivali West, Mumbai – 400103, India

Saturday, November 30, 2013

Five Reasons For A Need Of Real Estate Agent

Five Reasons For A Need Of  Real Estate Agent
The proliferation of services that help home buyers and sellers complete their own real estate transactions is relatively recent, and it may have you wondering whether using a real estate agent is becoming a relic of a by gone era. While doing the work yourself can save you the significant commission rates many real estate agents command, for many, flying solo may not be the way to go–and could end up being more costly than a realtor's commission in the long run. Buying or selling a home is a major financial (and emotional) undertaking. Find out why you shouldn't discard the notion of hiring an agent just yet.
1. Better Access/More Convenience
A real estate agent’s full-time job is to act as a 
liaison between buyers and sellers. This means 
that he or she will have easy access to all other
 properties listed by other agents. Both the 
buyer’s and seller’s agent work full time as real 
estate agents and they know what needs to be 
done to get a deal together. For example, if you
 are looking to buy a home, a real estate agent
 will track down homes that meet your criteria, 
get in touch with sellers’ agents and make 
appointments for you to view the homes. If you 
are buying on your own, you will have to play 
this telephone tag yourself. This may be 
especially difficult if you’re shopping for homes 
that are for sale by owner.
Similarly, if you are looking to sell your home 
yourself, you will have to solicit calls from 
interested parties, answer questions and make 
appointments. Keep in mind that potential 
buyers are likely to move on if you tend to be 
busy or don’t respond quickly enough. 
Alternatively, you may find yourself making an
 appointment and rushing home, only to find 
that no one shows up.
2. Negotiating Is Tricky Business
Many people don’t like the idea of doing a real 
estate deal through an agent and feel that direct
 negotiation between buyers and sellers is more 
transparent and allows the parties to better look
 after their own best interests. This is probably 
true–assuming that both the buyer and seller in
 a given transaction are reasonable people who
are able to get along. Unfortunately, this isn’t 
always an easy relationship.
What if you, as a buyer, like a home but despise 
its wood-paneled walls, shag carpet and lurid 
orange kitchen? If you are working with an 
agent, you can express your contempt for the 
current owner’s decorating skills and rant 
about how much it’ll cost you to upgrade the 
home without insulting the owner. For all you 
know, the owner’s late mother may have 
lovingly chosen the décor. Your real estate 
agent can convey your concerns to the sellers’ 
agent. Acting as a messenger, the agent may be 
in a better position to negotiate a discount 
without ruffling the home owner’s feathers.
A real estate agent can also play the bad guy in a transaction, preventing the bad blood between a buyer and seller that can kill a deal. Keep in 
mind that a seller can reject a potential buyer’s 
offer for any reason–including just because 
they hate his or her guts. An agent can help by 
speaking for you in tough transactions and 
smoothing things over to keep them from getting
 too personal. This can put you in a better 
position to get the house you want. The same is 
true for the seller, who can benefit from a hard-
nosed real estate agent who will represent their 
interests without turning off potential buyers 
who want to niggle about the price.
3. Contracts Can Be Hard To Handle
If you decide to buy or sell a home, the offer to 
purchase contract is there to protect you and 
ensure that you are able to back out of the deal 
if  certain conditions aren't met. For example, if 
you plan to buy a home with a mortgage but
 you fail to make financing one of the conditions
 of the sale–and you aren't approved for the 
mortgage–you can lose your deposit on the 
home and could even be sued by the seller for 
failing to fulfill your end of the contract.
An experienced real estate agent deals with the 
same contracts and conditions on a regular 
basis, and is familiar with which conditions 
should be used, when they can safely be 
removed and how to use the contract to protect 
you, whether you’re buying or selling your 
4. Real Estate Agents Can’t Lie
Well, OK, actually they can. But because they 
are licensed professionals there are more 
repercussions if they do than for a private 
buyer or seller. If you are working with a 
licensed real estate agent under an agency 
agreement, (i.e., a conventional, full-service 
commission agreement in which the agent 
agrees to represent you), your agent will be 
bound by common law (in most states) to a 
fiduciary relationship. In other words, the 
agent is bound by license law to act in their 
clients’ best interest (not his or her own).
In addition, most realtor's rely on referrals and repeat business to build the kind of clientèle base they’ll need to survive in the business. This means that doing what’s best for their clients should be as important to them as any individual sale.
Finally, if you do find that your agent has 
gotten away with lying to you, you will have 
more avenues for recourse, such as through 
your agent’s broker, professional association 
(such as the National Association Of Realtor's)
 or possibly even in court if you can prove that 
your agent has failed to uphold his fiduciary 
duties. When a buyer and seller work together 
directly, they can (and should) seek legal counsel, but because each is expected to act in his or her best interest, there isn’t much you can do if you find out later that you've been duped about multiple offers or the home’s condition. 
And having a lawyer on retainer any time you 
want to talk about potentially buying or selling 
a house could cost far more than an agent’s 
commissions by the time the transaction is complete.
5. Not Everyone Can Save Money
Many people eschew using a real estate agent to 
save money, but keep in mind that it is unlikely 
that both the buyer and seller will reap the 
benefits of not having to pay commissions. For
 example, if you are selling your home on your 
own, you will price it based on the sale prices of 
other comparable properties in your area. 
Many of these properties will be sold with the 
help of an agent. This means that the seller gets 
the keep the percentage of the home’s sale price 
that might otherwise be paid to the real estate 
agent. However, buyers who are looking to 
purchase a home sold by owners may also 
believe they can save some money on the home 
by not having an agent involved. They might 
even expect it and make an offer accordingly.
 However, unless buyer and seller agree to split 
the savings, they can’t both save the commission.

                Contact :  Aasha Realtors :
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 /  022 - 28906363
Mobile :-Neeta- 9821411063 
Skype Id :- neeta.shah30 
Shop No. 2 & 10 , Shailesh Apartments, Borivali West, Mumbai – 400103, India

Saturday, November 9, 2013

Who Is Building Contractor And What Are His Duties and Responsibilities In Construction Work

Who Is a Building Contractor?

A building contractor is an individual who engages in the planning, developing and coordinating of activities which coincide with the building of structures. The building contractor is the individual who oversees the construction and ensures that all necessary measures are taken to result in the completed finished product.

The Duties and Responsibilities of a Building Contractor
A building contractor is someone with a wide range of duties and responsibilities when it comes to the construction of residences or businesses. This individual has a job that entails hard work and thorough review of many processes which accompany the building of structures

General Responsibilities of a Building Contractor
The general responsibilities of a building contractor entail the individual planning and carrying through any and all pertinent activities relating to the construction of a dwelling, building or other structure. The building contractor carries out his/her duties by supervising employees, planning how the project will be carried out and completing the project in a manner which coincides with all laws, rules and regulations which may be in existence and correlate with construction.

Kalpesh Shah
Kalpesh Shah 
Contact :  Aasha Realtors :
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 /  022 - 28906363
Mobile :-Neeta- 9821411063 
Skype Id :- neeta.shah30 
Shop No. 2 & 10 , Shailesh Apartments, Borivali West, Mumbai – 400103, India

Friday, November 8, 2013


  1. A customer is the most important person in any business.
  2. A customer is not dependent on us; we are dependent on him/her.
  3. A customer is not an interruption of our business; he is the purpose of it.
  4. A customer does us a favour when he calls; we are not doing him a favour by serving him.
  5. A customer is part of our business, not an outsider.
  6. A customer is not a cold statistic; he is a. flesh and blood human being with feelings and emotions like our own.
  7. A customer is not someone to argue or match wits with.
  8. A customer is a person who brings us his wants and it is our job to fulfill those wants.
  9. A customer is the fellow who makes it possible to pay our salaries, whether we are a warehouse worker, truck driver, office employee, salesperson or a manager.
  10. A customer is the lifeblood of this very business
Kalpesh Shah
Kalpesh Shah
Contact :  Aasha Realtors :
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 /  022 - 28906363
Mobile :-Neeta- 9821411063 
Skype Id :- neeta.shah30 
Shop No. 2 & 10 , Shailesh Apartments, Borivali West, Mumbai – 400103, India 

Thursday, October 31, 2013

Commercial Premises On Outright At Kandivali East( AP- 1310253629)

M. G. Croos Road No. 3
250 Sqft. Salable
Gr. Road facing
80 Lacs
It’s an unfurnished premises. Can be used for retail purpose or for office purpose. Road facing.

Neeta Shah
Neeta Shah 
Contact :  Aasha Realtors :
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 /  022 - 28906363
Mobile :-Neeta- 9821411063 
Skype Id :- neeta.shah30