Home » Archives for July 2012
Sunday, July 29, 2012
Every human has some unique talent, some show it outside and few lack to show it. Some go ahead one step and teach others. Recently I came across a very useful website(Screenr), for online trainers, who can record whatever they do in their PC, while they can talk, which can be recorded in maximum 5 clicks :) sounds easy isnt it. Say you want to show your friends how to apply an effect in photoshop, only thing you need to do is switch on the video recording tool and start using your photoshop as well keep talking what you are doing, once you are done, click done and your video tutorial is ready.
You do not have to go through a complex registration process, if you have google/facebook/twitter/linkedin account, it can be used to login to the application. Screenr also provide webcast, which means live streaming is possible, wonderful isnt it. The free version of Screenr has the basic options for any movie creation and live streaming.
Screenr is also provides a commercial version for corporate who can customize recording, have private sharing, replace company's logo for branding purpose etc. Screenr is the top most tool in this segment accepted by CNet, Mashable, The New York Times etc...
Monday, July 23, 2012
In this fast moving machine world, everyone is busy and doing everything to get they income high to cope up with the increasing prices of everything starting from a pin to a house. Market is so vast and challenging nowadays so every product has to give some offer or the other to increase their sales. By default the first thing a manufacturer thinks is to sell more, so there is always a profit if booked in bulk, this power of group buying is something similar to that.
Saturday, July 14, 2012
The world is now seeing internet revolution, wherever you go, whether it is to launch a song like kolaveri and win the worlds heart or launch a product or sell or buy or do what not using internet. The negative side of internet revolution is people getting cheated by false promotion and magical words. One such case is "Work Online From Home" to get rich. 30% of websites showcase someone whom you do not know showing a cheque with some whoooping amount attracting you, so what is all behind this ?
Sunday, July 8, 2012
Banks issue a public notice in newspapers about the proposed auction and invite bids. The notice includes the details of the property, date, time and venue of the auction, reserve price, and earnest money deposit.
Bidders must submit their applications to the bank quoting their bid amount which should not be less than the reserve price. Along with this, they must pay earnest money deposit which may be around 10% of the reserve price. The auction usually takes place after 30 days from the date of the public notice
- If the borrower settles the dues within 30 days, the auction will not happen and your earnest money deposit will be returned.
- If the auction takes place and you do not win the bid, your earnest money deposit is returned.
- If you win the bid, you will have to pay around 25 per cent of the bid price on the day of the auction. You need to pay the balance amount within the next 15 days or an extended period agreed between you and the bank.
- If you win the bid but do not pay the required amount within the specified periods, you will lose the money paid earlier.
AUCTION INFORMATION SOURCES
- You will need to scan newspapers for announcements by banks regarding such auctions.
- You can contact real estate agents who may have this information.
- Web sites such as http://www.foreclosureindia.com/, http://indiabankauction.com/ http://bankpropertyauction.com/ provide online listings of properties which banks advertise to auction.
In a normal (offline) property auction, bidders gather at the auction venue where their bids are considered. Banks may also allow competitive bidding among the bidders for improving their offers.
CONSIDERATION BEFORE BIDDING
If the auction attracts aggressive bids, the price could go up and dilute the cost advantage. So, it is important that you make an assessment of the market value and bid prudently to get a good deal. Also, to be on the safer side, it is better to check the property documents before deciding to bid, or engage a lawyer to verify the title.
Also expenses on any repairs, renovation, unpaid property taxes, electricity dues and statutory liabilities will have to be borne by the buyer. The buyer also has to bear other expenses such as stamp duty and registration fees. So, do a proper inspection to assess the true cost of owning the property.