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4 common real estate swindles & how to avoid them



Real estate scams today are common, impacting property management quite pessimistically. Desperate homeowners who avoid foreclosures and eager scammers who always devour probable buyers/renters are held accountable. A licensed and reputable property agent is the key to avoid scams but there’re other counter measures you can take for protection. Let’s start identifying property cheats commonly faced by many.

Banks usually require property evaluation to ensure home is priced at the agreed amount. If results are coming below expectations, consider it a deal killer. Luckily, you mightn’t even stick with low appraisal whereas many are alluring. Although you couldn’t alter the results or the deal itself, there’re ways to at-least recoup over your transaction! The details below would help you identify scams and effective property management strategies to avoid them.

  1. The trick seminars

Perhaps the biggest types of real estate fraud that may seem entirely legitimate are scammed expositions. Free entrance passes, perks and hand gifts are bait to trap customers while sweet-talk promises you’ll not be subjected to the typical sales tactics. Upon arrival, you’ll actually learn that these free gifts are offered to those who buy passes to on-coming seminars. Falling into the trap isn’t at all exceptional seminars always sound amazing but while reading all the points you’ve jotted down, there’s nothing of any value and a total waste of hard earned money.

  1. The empty homes

This is indeed disturbing but nothing unusual. These real estate con artists make victims of renters and homeowners alike. These tricksters scan particular area long-time deserted homes and posts listings online whereas actual homeowner is either on extended vacations or employed in another country.

Where internet is a blessing, these fraudulent are making it a cybercrime platform. They’ll claim to be landlords or their associate at-times to trap novice investors. Bold impostors can even break into the house, change locks or perform more daring crimes such as import documents and blackmail homeowners.

  1. Leasing foreclosed on homes

Either owner or scammers are involved in this type of act. They’re threatened with foreclosure and no other options are available hence renting homes to unsuspecting families is the only choice. They’ll mooch money and move their homes someplace else and continue the dastardly deed. Upon arrival of eviction date, occupants have no alternative but to move out however in-case of bank owned properties, one might be given additional three months stay permit unless viable arrangements are made.

Another classification of property management scam involves a fake agent. He gains unauthorized access to homes, show around interested families, hoard security deposit and disappear overnight. More daring scammers even come-up with a fake title deed claiming to hand over home keys over a specific date! And what happens in the end; victims arrive at the site with moving trucks but agent isn’t anywhere to be found, he just disappeared in thin air but it’s already too late.

  1. Rent a sale house!

It’s quite common but moving subtly would prevent from falling into the trap. Scammers actually list a home for rent that’s actually entitled for sale, drawing deposit from all who come flying right in. Let’s say you’ve listed a luxurious property for sale in an elite area and after a day or two it’s mentions “for rent”, something definitely smells fishy here. If you’ve encountered such, try contacting the owner but don’t invest unless you aren’t sure.

Effective counter measures

Remember there’s simply nothing like “if it’s too good to be true, it probably is” in real estate dictionary. Always approach a legitimate real estate agency or individual registered with country/state municipality. Carefully interrogate agents and landlords to see where they stand and to unveil any hidden agenda.


Read the above and see who and what you’re dealing with in property management world. Hope you don’t become the next victim!

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Sukanya Samriddhi yojana calculator – A unique way to save tax




Sukanya Samriddhi yojana

With this development, we believe that people’s mindsets change. Gone are the days when boys are edging more than their counterparts. And in every stage of life today, fit boys limit women to attract the ultimate short straw. Although equality will now increase between the two sexes, investment remains an area where women continue to focus on their parents. One of the main reasons is that a strong part has not been given to the importance of most people he is short of money. The government has taken the right steps in this direction and by launching several schemes, you can financially empower your child to save tax. One of the same scheme is the Sukanya Samriddhi yojana calculator. In this blog, we will discuss in detail plans, provisions and how you can use it to protect.

About the plan Sukanya Samriddhi yojana calculator

An initiative that has been designed for girls has gone to help them complete their education. The program was launched by Prime Minister Narendra Damodardas, 2015. Here you need to know about tax exemption: 80C

  • Beti Bachao Yojana came under the auspices of the Beti Pdao campaign and wanted to build a bright future for girls.
  • Parents are also encouraged to invest in their daughter welfare schemes, which offer incentives to all parties.

Salient features of the scheme

Plan Sukanya Samriddhi Some of the key elements given below –

  1. Flexible Investment

The girl’s parents or guardians can invest the amount that fits their budget. Investment can be between Rs 1,000 and Rs 1.5 lakh per year.

2.Multiple-way to open an account

Offices can be opened for SSY accounts or nationalized banks. It provides the flexibility of alternative plans and easy account opening.

  1. Account

Under the scheme, only one woman for one account.

Besides, the maximum number of accounts allowed in a family of two – one for each child. The maximum limit of the two accounts that twins were born after the first daughter does not apply.

  1. Age front opening

Account open to parent/child Parent, not the child reaches the age of ten years. After children make it through this age, parents are not allowed to open an account.

  1. According to maturity

Children under the age of accounts covered under SSY are 21 years since its foundation. Pass holders have the option to continue the account after maturity.

  1. During operation

Operating accounts are limited to parents and guardians for 10 years. Once the child reaches the age of 10, he can do the explained work independently.

  1. Indian Residents

Sukanya Samriddhi Yojana can be opened only in India for the account.

The documentation for sukanya samriddhi yojana calculator

If you want to open an account for your daughter, the following documents are required.

  1. Birth certificate

A copy of the birth certificate is required to open the account. You must have at least the necessary documents and a ten-year plan to validate his age of opening an account.

  1. Variation Proof

To ask parents for proof of valid identity card of the guardian/guardian who has opened an account on behalf of their daughter.

  1. Hometown

Proof of residence such as a ration card, the voter must submit an identity card, utility bill and so on.

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An overview about zero brokerage




zero brokerage

Zero is termed as a number that makes a major difference and it counts. All the more so in the world of brokerage when zero is placed beside the right number. Now are you satisfied with the amount of brokerage you are paying? Some of you might be looking at an option of zero brokerage based trading.

Meaning of zero brokerage and discount broker

With more and more traders flocking on to the Indian stock market the prominence of zero brokerage came into existence and evoked curiosity from traders. A well thought out concept where discount brokers are not going to levy any brokerage for trade conducted.

A broker who executes buying or selling of transactions at a reduced cost is termed as discount broker. Pretty much like a full time broker, they are going to execute orders on behalf of the clients and not going to provide them with any advice. Once upon a time to even afford a broker was restricted to the elite strata of the society. But since technology has gone on to become a part of trading this has gone on to eradicate that wealth pinch. The internet is credited with the transformation as you can trade with a small amount.

Is zero brokerage expected to make a difference?

As far as zero brokerage trading in India is considered a major difference is expected. By traditional trading you have to shell out brokerages on trades. This is calculated by arriving at a % of the total volume of trade. This business model of calculating brokerage is a difficult task and an important part of the trading for an investor. The main reason being brokerage paid reduces the profit from the trades. A lot of people were disappointed as they felt paying brokerage was part of the trading game, till the point zero brokerage came into prominence.

There are numerous benefits expected with zero brokerage that are outlined below

  • There is no need to be worrying about the size and volume of your trade
  • In zero brokerage a flat monthly fee is levied and there is no need to worry about monthly trades executed
  • This goes on to enhance the profit or profitable trades or even breakeven point that is lower

There are a lot of companies who provide hidden opportunities. You have to time the stocks correctly so as to earn money from the stock market. If you are an investor in equity and commodity market you need to consult a share specialist that might help you to earn profits and cut losses. Though in the market you might come across numerous brokers providing you with profitable trades by raking in a chunk of investor’s profits they are enjoying. As an investor it is all about getting your timing right. But still major disappointment lies in store as you have to levy high brokerage.

Considering the calculations of the brokers in mind investors are even reluctant to place trades.

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The ELSS and tax saving benefits




tax saving benefits

Those who have to work hard for every penny do not like to waste their money. For many people though earning is good till the liquidity is a problem and if the income also falls in a big tax bracket for income tax, no one loves to go for it. In such a case, one needs to try the options that can help him save on income tax. Among the tops tools that are known for the tax saving the list may remain incomplete if the ELSS is not added to the same. It is a mutual fund which is linked with the equity market.

What is ELSS and how it helps save tax?

ELSS is a type of mutual fund that is specifically created for the tax saving purpose. Various AMCs are there in the market that has created this mutual fund to invest in the share market. The amount invested in this mutual fund is exempted from the income tax up to the limit of 150000 per annum. This exemption is provided under section 80c. Hence the investor who has to pay income tax on his complete income can invest the amount up to 150000 in some of the best ELSS mutual funds and save tax up to the prescribed amount.

The investment:

Investment in ELSS mutual funds can help one save on income tax on the side while on the other side the invested amount in the form of a mutual fund can also help one get a good return from the market. The best part here is the investor who wants to invest in ELSS can go for investing the amount in a single go or can also pay the same in instalments. Hence one does not need to feel the burden of investment on his routine income also.  While going to investing the amount in some of the best ELSS funds, one needs to check the unit price of the fund and also find its previous performance. If one does not know about it, one can find an expert who can help one invest in the best mutual funds that offer ELSS services also. The amount invested in this fund cannot be withdrawn for the next three years, and hence one can have a good return on his mutual funds in such a period.

The investor also needs to check if the investment in a mutual fund will be in a specific company or segments such as large caps, small caps and mid caps. There can be dividend and growth options from which one needs to find an option that best fits his investment as well as profile. The investor needs to understand the terms and conditions of the AMC before going for investing in specific AMC. One must note here that ultimately this investment is linked with share market and hence the ups or downs of the market can also affect his portfolio. It is always good to read the terms and conditions of the company before investing the amount to the same.

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