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I am a Realtor and a Broker, and if you could just jump online and buy a house you wouldn’t need me. Actually, there are auction sites where you can buy a house online, so you really don’t need me.But I will always have a job, and I chalk it up to human nature.Buying a house should be easy. You should be able to go out and find a house you like, and then buy it. But there’s so much drama.Here’s some of the issues I’ve seen pop up over the years:A buyer wanted to buy a house near the beach, and yet seemed astounded when I advised her that she needed flood insurance.I had a seller tell my customers as that some river rocks around the house made it “termite proof.” I had to convice these customers that there is no such thing as “termite proof” in Florida.The first thing almost every buyer asks when they sign a purchase agreement for a home is, “How do I get my money back if…” (the question is always open ended). In other words, they’re already thinking of backing out before they’ve even made the offer.In a sale where I had the buyers, the sellers claimed on a written disclosure that the home never had termites, yet proudly presented receipts for work done to repair “extensive termite damage.”I’ve had the sellers in a transaction swear a home was termite free. After termites were discovered and a pest service came out to fumigate, the neighbor strolled over and said, “Well, they’re finally doing something about those termites.”After a lender told me three days before closing that the buyer’s paperwork was good and we would close on time, the lender literally disappeared. I had the sellers and it was a very rough month until we could close again with another lender.I once had a couple lose a house because they put off some required paperwork in order to go play bingo.At a home inspection one of my partners attended, he opened the door to find a man with a gun drawn. The seller didn’t bother inform the tenant (with the gun) that people were coming over that morning. The tenant thought someone was breaking in.Is a pattern emerging here?So why do you need a Realtor?You would think it’s the marketing, the access to all of the homes, knowledge of certain neighborhoods, the understanding of contracts, or all the background expertise about inspections. But it’s not.Because in every real estate transaction at least one of the parties visits Crazyland somewhere along the way. And that’s normal.The Realtor’s core value, the sole reason we exist, is to keep the other side honest and to massage away problems when they happen.A real estate sale is probably the highest dollar transaction a regular person will ever be involved it. It creates a huge amount of stress.Because of this stress I often see people at their very worst.Something goes wrong and they get so upset with the other party that they are willing to cut off their own nose to spite their face.They break promises and lie because they think telling the truth will cost them money. Usually it ends up costing them money anyway and it always takes a Realtor to iron things out. With grace and with tact.So even though I’m the business of selling a staple product (food and clothing being the other two), I actually owe my job to human nature.Honestly, I would rather deal with sane people. But when one of my agents comes in with a transaction blowing up I tell them, "That's our job, that's the reason they need us. Let's go save somebody's world again..."

Hey ,If I put in simple words ,nothing can change Indian real estate market for atleast 2- 3 decades . Only politicians , rich influencials , people with huge black money can only reap the benefits of real estate . Common man would always be at loss ,here's why :When you go to buy any flat ,you would always be offered a rate that is equal to or more than market rate ,however on selling the property ,you would be reminded of how bad scenario ,the real estate market is going .People who bought properties ,usually pay most amount in cash ie black money ,they have no issues to wait till ,they get a premium on their investment ,where as person with white money ( probably a salary class or govt servant ) would buy property on EMI , the price they pay will be addition of interest , therefore they would be only at profit if price exceeds there loan amount plus principal paid .Even after demonetization ,most of builders want 50–60 percent amount in cash ,no receipt would be given for same . Demonetization just put small scrupulous builders out of market ,the bigger one just got bigger . Although regulations are made by way of RERA , but implementation is far from reality .Indian property market is heavily dependant on politicians and first movers . When a new township or area is developed ,a lot of money comes from builders, politicians ,people with black money ,as who would take risk in new townhship ,however once developed they sell at premium to people who get fascinated by returns these people made eg : gurgaon , Noida ,amravati etc .At last ,it's the govt that affects real estate to core ,specially state govts, they would shelve the projects taken by previous govt if they don't get their cut ,for example city of amravti , Andhra Pradesh destroyed over night by new state govt ,alleging previous govt of receiving huge kickbags and corruptions ,the land prices literally crashed and the city has turned into ghost city .I hope ,I have put forward the image of india's real estate .

In the United States the stock market is usually a better investment. As Nobel Prize Winning economist Robert Shiller (creator of the Case-Shiller index that tracks real estate prices) explained, over the long term housing only increases at the rate of inflation, while the stock market appreciates much faster. Even taking cash flow or equivalent rent into account, returns to the stock market have historically been higher.Robert Shiller: Don't Invest in Housing - Pragmatic CapitalismThe U.S. Has a Misguided Faith in Real EstateThe the advantages of the stock market are likely to grow because of changes to tax policy.If you look at the Federal Reserve’s Survey of Consumer Finances, you’ll find that middle class people tend to hold real estate while people with high income and wealth levels (top 10% or so) tend to hold stock. As income, education and wealth levels increase so do stock holdings as a proportion of assets.Transactions costs: Winner: Stock MarketTransactions costs are much higher in the real estate market. Because of this, the cumulative returns have to be ~9% higher than stocks just to break even. (But the returns to real estate are in fact lower).It costs around 8% to 10% of the value of real estate to sell it (brokers’ commissions, transfer taxes, inspections, etc.) and can take months during which the property may need to sit vacant. Cost to sell a $2 million dollar house? $160,000 in direct costs + $30,000 in foregone rent = $190,000.Cost to sell a $2 million high volume indexed ETF? $3 in brokerage commission + 1/2 of the bid-ask spread (perhaps 0.05%) or $1,003. For an index mutual fund, the transaction costs is basically zero.So maybe $1,000 for stock market vs. $200,000 for real estate. Advantage: Stock Market.Owner-occupied housing its typically bought and sold every 5 to 7 years, so the transactions costs really add up.Diversification/Insurance: Winner: Stock MarketIf you have only a few thousand dollars to invest, you can get a fully diversified portfolio of U.S. stocks (a Russell 3,000 index or Wilshire 5,000 index fund or ETF) for the cost of around 2 to 5 basis points (that’s 0.02% to 0.05%) (the fund’s expense ratio) per year. That’s like free insurance.REIT’s can give you some diversification, but much less and usually at higher cost. And if you buy one or a few properties directly, you can’t diversify, which means you’ll need to pay for insurance (earthquake, fire, flood, etc.), at a cost that can easily exceed 1% of the value of the property per year. Even then, you’re exposed to regional effects that are beyond your control and hard to predict.Management costs: Winner: Stock Market0.02% or 0.03% of assets for a stock index fund or ETF vs. 8 to 10 percent of gross rental receipts for a property manger (equal to around 0.6% of assets, or 20 to 30 times more than the stock market).You could manage the property yourself, but then again with all the time passive investment in an index would save you, you could make money doing something more productive.Holding costs: Winner: Stock Market (usually)3% of asset value for real estate in maintenance, insurance, property taxes vs. 0.5% in tax cost ratio or less for a good ETF or zero dividend stock in a taxable account. Or zero in a tax-deferred or tax free account.Taxes: Tie?Stock marketIf you invest in the stock market through a pre-tax 401(k) or similar account, you can get a tax deduction of around $18,000 per year and tax deferral.If you invest in a taxable account and use tax loss harvesting effectively, you can keep taxes down or even get an annual deduction.If you hold onto the stock until you die and pass it on to your heirs, you can get step-up basis and never pay taxes on gains. You can do the same for real estate, but it’s easier with stock, since you can relocate easily without selling. No property taxes either.Real EstateYou have to pay 1 to 3 percent every year in property taxes in most places. For a primary residence property taxes are mostly no longer deductible, but still are for an investment property.Real estate can give you a deduction for mortgage interest. But congress cut this recently for a primary residence and might go after it again.If it’s a primary home, you can exclude capital gains of up to $250K or $500K if married. (You can exclude all gains in a Roth IRA or 401K or 529 plan in the stock market, or just hold till you get basis step up).If real estate is an investment property, you can depreciate it at around 2 to 3 percent per year, which is usually enough to make the income it spits off tax free. But you might pay for it on the back end with a higher cap gains rate. Of course, you could get tax free income with Muni Bonds for less trouble and less risk, or get similar advantages in the stock market if you don’t need the cash right away.Real estate lets you do a like-kind exchange to defer cap gains recognition, but you can trade stocks freely without incurring taxes inside a tax-deferred account. And ETFs can do something similar to a like kind exchange, but for stocks. And you don’t need to sell stocks as often, because you don’t need to live near them.Leverage: Real estateYou can borrow 4 to 1 (20% down) for 30 years at a fixed rate.For the stock market, you can go to 2 to 1 (50% down), but the rate will be variable.