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Some Real Estate Career Options for You

Posted by on Sep 21, 2018 in Real Estate | Comments Off on Some Real Estate Career Options for You

The real estate market plays a crucial role in how the quality of lives of people play out. It serves as the blueprint of the city that you live in and how you want your lifestyle to reflect it. And so, it is crucial for the industry to be filled with creative, aggressive, and wise individuals who not just work to earn money but provide of utmost service to the general public.

Until this day, most people think that the real estate market only has real estate agents working for it. And most of them have all these misconceptions that what they do best are just bugging you with phone calls at untimely hours and handing your leaflets. These are all misleading information and nothing more. There is more to the real estate industry than real estate agents just making sales pitch. As a matter of fact, there are a number of real estate career options open to a wide range of individuals.

Planning to become part of the real estate market? What follows are some real estate career options that you can choose from.

1. Broker/salesperson
According to Forbes, the job of a real estate agent is ranked as the number one happiest job. Real estate agents find their job to be rewarding because of how much control they have with their work, everyday tasks, and flexibility. The job requires helping individuals buy and sell homes. These professionals are experts in the process of selling and buying properties, process policies, loan documentation, and enabling clients to save both their money and time.
a. Commercial brokers: These brokers specialize in buying and selling of revenue-making properties such as apartments and spaces found in warehouses, office buildings, shopping centers, and malls. You must have a good understanding of the value of your property investments in association with market activities, taxes, and location.
b. Office or industrial brokers: These brokers take charge in renting out, selling, or developing properties for manufacturing or office headquarters. You must be knowledgeable about property management, tax regulations, and zoning laws to work well in this area.
c. Land brokers: These brokers deal with land deals for industrial, commercial, residential, and farm lots. Such brokers are experts in finding lands that have the potential to generate revenues or to be developed. You should have the knowledge about local market economics and agriculture to succeed in this chosen venture.

2. Land developer
These professionals are keen in conceptualizing blueprints for projects. They have a keen eye in determining if a property is worthy of being developed for profit whether they are for residential, industrial, or commercial use. Simply out, they are the ones who deal with cost analysis and site selection. They oversee the property construction and coordinate with construction companies.

3. Office manager
This job entails managing a real estate business or realty, meeting with potential clients, financial management, marketing, and brokerage. These professionals also aid in hiring real estate agents to have them work for a firm. They can work for a real estate firm full-time or be self-employed.

4. Property manager
This professional involves maintaining and managing the usefulness and structural integrity of a property whether commercial, residential, or industrial properties. Their goal is to make sure that a positive cash flow is provided for property investors and that they are making the most of their investments.

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Achieving Success in Real Estate Investments

Posted by on Sep 21, 2018 in Real Estate | Comments Off on Achieving Success in Real Estate Investments

Today, an increasing number of people are investing in real estate properties, and for good reason. Now that stock exchanges are no longer becoming profitable, people are going back to real estate. A lot of first-time real estate investors go with single family homes. This has become very common because majority of them have become familiar with buying a home even if real estate investments can be done without owning a home. Also, the learning curve is just slim. However, there is a downside to this approach. For starters, the competition is heavy. Also, first time home buyers are being discouraged by investors who are doing something to drive up the cost of properties for sale. When this happens, for sure, the real estate bubble bursting is about to happen.

So, what are the things that you should do in order for you to not be in these types of situations and invest in real estate successfully? What are the things that you can do to stay on top of the competition while making sure that you are just prepared in case something bad happens to your investments? To answer all these questions, you should invest in commercial real estate.

Why commercial real estate? You see, when you invest in commercial real estate, it does not matter if the local real estate market is having a good time or a bad time. You still get the kind of profit returns that you should expect on a regular basis. What is being referred in this article as commercial real estate in multi-unit apartment buildings.

To answer questions forming inside of your head, here goes. Yes, you will become landlord but no, you will not have to do all the work yourself. You will only serve as the owner of the apartment and never its manager. Part of your expenses include the managing and owning costs of the building that will just be covered by the income you receive from rent.

You can refer to apartment buildings as commercial real estate if they come with five or more units. So that you can make the most of this type of commercial property, you can either invest in bigger buildings or own multiple small apartment buildings. This ensures that your expense to income ratio will generate you a positive cash flow. Becoming an investor of rental properties should be all about getting positive cash flow.

If you are planning to invest in commercial real estate, you should not be too fast in making deals and getting deals. You have to learn as much as you can about the market first. Keep in mind that in this particular area of the industry, you are dealing with professionals. You should never be too obvious that you are an amateur in the business because you will just end up wasting the time of your potential tenants. Also, keep in mind that if you do not have any real estate investment experience, you might not be able to borrow some money from commercial real estate lenders. So, start learning more about commercial real estate first and read some books about making such investments before testing the waters.

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An Introduction to Real Estate Auctions

Posted by on Sep 21, 2018 in Real Estate | Comments Off on An Introduction to Real Estate Auctions

Auctions not only happen with rare treasures and collectibles, today, auctions are also being held for real estate properties. Indeed, real estate auctions are becoming a current trend. Successful auctions of real estate seem to be happening in various portions of the world. It seems that they are becoming a trend all because of increasing inventories and decreasing buyer confidence. The kind of properties that get sold using traditional methods in weeks in the past no longer attracts buyers like they did today even with their prices marked down. A lot of people say that the real estate bubble has already burst but both sellers and buyers of today are actually benefiting financially from real estate auctions.

No matter the market cycles and trends, real estate auctions are one way of having a transparent and open process for both sellers and buyers. Real estate auctions that have been conducted properly attract interested and ready buyers and motivate them to act accordingly. Auctions help to get rid of the wait and see attitude of real estate transactions of today. Most buyers have become more conscious of overpaying. With auctions though, they are able to gain more confidence with their real estate purchases because they can see with their own eyes what other people are willing to pay for such a property.

If inventories are low while the market demand is high, real estate auctions are able to provide higher selling prices than what a seller will be willing to give in after negotiations with private sales. When the real estate market has a good selling atmosphere, a lot of property owners using traditional methods negotiate on a per-buyer basis. This leaves behind equity in thousands of amounts on the table. During these times, engaging in real estate auctions is the best solution to get a top market price.

Not all sellers or properties are good candidates for auction. As a seller, you have to be ready to sell right this very instant and for the current market value of your property. Always keep in mind that real estate auctions will not resolve any issue that is caused by a decrease in the current market value of your property. If you still owe more money than what any willing buyer of yours will pay, then you still have to close a deal preparing your own check book.

A real estate property that does well during real estate auctions is the kind that has some unique characteristic to it. If you are wondering if your real estate property will do well during auctions, you have to ask yourself what makes your property different from most properties. If you own a high-end luxury home or a resort property, they will most likely do well during auctions. Most land and commercial properties sell well during auctions. Just like most auctions, real estate auctions prosper when there is an element of uniqueness. When your property is similar to most properties, the best way for you to sell it is to come up with a price that is the most competitive. Lastly, as a seller, do not forget to come up with a minimum bid that is both reasonable and realistic.

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Everything You Need to Know About Rental Properties and Landlord and Tenant Responsibilities

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Everything You Need to Know About Rental Properties and Landlord and Tenant Responsibilities

Both landlords and tenants have roles to play in rental properties. Each key player will have distinct roles to play that they must know a great deal about before renting a property or choosing to manage a rental property. Whether you are the landlord or you are the tenant, you should have a clear understanding about your rights and what responsibilities are required of you from these rental properties. This ensures that both parties will have a pleasant and peaceful experience in renting properties.

Before knowing more about both landlord and tenant responsibilities, you have to first understand the basics of rental properties. Now, if a person will rent a residential property, you refer to him or her as a tenant. Before signing a deal to rent the property, the lease agreement should state all the rights and responsibilities of both the tenant as well as the landlord. To prevent any misunderstandings, legal disputes, and confusion, both parties should be well aware of these facts and what are expected from them.

There are usually two type of tenancy agreement contracts. You have the lease agreement and you also have the lease and license agreement. The former agreement allows the tenant to have ownership of the property at a period of time that is not specifically stated. This can cause legal disputes that must be settled in court of the tenant does not want to move out of the property. The latter agreement, however, is much more recommended since it has a conditional ownership agreement for a particular period of time. You are also given the option to renew your rent where there will then be other changes to your stay and rent.

When it comes to landlords, they will then come up with a rental amount that must meet the formula set by their local governing bodies. This differs per country and per location. Nonetheless, most annual rents are computed based on a percentage of the expenses paid for the construction of the property and the current market price of the land. The both of these costs also depend on the historical value of the property. This means that old properties have smaller rental fees while new properties have bigger rental fees that will benefit the landlord more. An increase in rental fee is also expected when the property is renovated.

A responsible tenant should be able to pay their rent and other associated rental bills as per the agreed terms of their contract. If the tenant is not able to meet their payments on time, they may pay an interest rate for the delays. Most interest rates are calculated based on the due rent date and the date it was paid off.

On the part of the landlord, they should be able to provide a rent receipt to the tenant to serve as proof that the payment was made. If the landlord fails to provide this receipt, the tenant has the right to complain to the consumer court. When such a situation happens, authorities will listen to both sides where the landlord must then provide compensation to the tenant accordingly. However, the tenant must meet certain requirements for filing complaints against their landlords. For instance, they can only file a complaint within two months from the payment was made.

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Tips and Tricks to Effectively Selling Your Property Directly

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Tips and Tricks to Effectively Selling Your Property Directly

Thinking of skipping the services of a real estate agent to sell your home? If the answer is yes but you think that this is not possible, then you have to think again. You see, it is very much possible for you to sell your property directly, or in short, by yourself. When you sell your property without employing the services of a real estate agent, you actually get to save on their commission fees. And yet, there is another question that you have to deal with. Is it going to be a smooth sailing ride to sell properties on your own?

To answer the last question, it would be a yes. Selling a home directly can be a smooth sailing process if you make sure to dedicate your effort and time in doing so. Once you have the willingness and commitment to do so, then there is no doubt that its benefits will come coming back to you.

What are the benefits of selling property directly?
• No more profit sharing: As mentioned above, since you are the only one directly selling your property, you need not provide any commission fee to your real estate agent anymore. This is often taken as a percentage from the total selling price of your property.
• Control over the sales process: If you hire a real estate agent to sell your property, he or she takes control over the sales process. However, if you sell your property directly, you are the one who takes control over the whole sales process.
• You can make better price negotiations.
• You have all the say on the arrangement of viewings of your property for sale.

What are the crucial steps to selling your property directly?
1. Remove clutter: Remove all personal belongings and garbage found in and around your home.
2. Inspect: Check the condition of your home like any presence of defects and faults and address them as soon as you can.
3. Home staging: This is the process of decorating your home to entice potential home buyers to check it out. You can hire the professionals to provide you with these services. When effectively done, not only are you attracting more potential buyers but also you are allowing your property to be sold at a better price.
4. Price your property: One way to sell your house fast is to price it accurately. You can do online searches of the current prices of properties that are similar with yours. You can also get the services of a professional evaluator.
5. List your property: Have your home listed on a reputable and highly visible property portal. In this way, you can attract more buyers to check out your property. It even helps to have your property placed in multiple property listings.
6. Connect with potential buyers: Always include your contact information regarding the property that you are selling. Once a potential buyer sees your listed property, they will not have a hard time connecting with you.
7. Arrange viewings: Find a convenient time not just for you but for your potential buyer if they must view your property.
8. Negotiate: Since you are the owner of your property, make sure to keep in mind the price you want your property sold. You have the power to directly negotiate with your buyer.
9. Close the deal: Do this by having the required documentations with you. It would be better to have a legal expert by your side to check the validity of every document drawn.

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Proven and Tested House Maintenance and Cleaning Tips All Throughout the Seasons

Posted by on Sep 20, 2018 in Real Estate | Comments Off on Proven and Tested House Maintenance and Cleaning Tips All Throughout the Seasons

Owning your own home is one of the best accomplishments and investments that you will ever make in your life. However, there are some responsibilities as a home owner that you have to keep in mind. For instance, you have to have some sort of system that will make sure to keep your house well maintained and looking clean all throughout the seasons. Also, you need to utilize effective planning skills and be committed to looking after your home in order for you to live as comfortably as you can minus the stress and tension.

A lot of new home owners think that they have what it takes to deal with all of the responsibilities and tasks there are when it comes to their home. But when you look closely, sometimes, there are certain aspects that they have failed to consider. If you do not want to end up stressed out in dealing with keeping your house well cleaned and well maintained then this short article is for you. Here are some proven and tested house maintenance and cleaning tips all throughout the seasons to keep in mind.

Winter: You can better prepare for this season by examining ahead of time what areas in your home, most especially on the outside, that will go through a lot of stresses during the colder months. Assess your concrete areas like your foundation areas, driveways, steps, walkways, and the like for any irregularities. If you find even the tiniest bits of problems, make sure to address them right away before they blow out of proportions and at a time you cannot deal with them anymore. If you live in areas that get lots of snow, make sure that your snow blower is in pristine condition because you will be needing it the most during these times. Check if you have enough shovels and check your gutters if they are free from leaves, debris, and the like. Again, address these issues even before the winter season begins. Also, do not forget to inspect your insulation and check for air leaks. Have painted exteriors touched up to minimize chipping occurrences caused by harsh weather conditions.

Spring: Spring cleaning may be all too familiar to you but what is most important is that you do not just consider it an idea but a plan of action. Engage in interior cleaning from all of the debris, dirt, and stresses brought about by the winter season. This is the perfect time to do some interior painting of a few rooms in the house. Check any damages caused by the previous winter season and address them as early as you can.

Summer: Before the summer season begins, make sure to have your air conditioner and filters checked, cleaned, and repaired as necessary. Even during the spring season, your exterior windows should already be clean for you to appreciate the sunshine and beauty of summer. Look into areas that may need some exterior work done like your deck, patios, and the like.

Autumn: Once all the leaves have fallen, make sure that you thoroughly clean the grounds and remove leaves from your roof areas and near your drains. This is the perfect time of the year to have your trees pruned to be sure that they will not weaken with the snow of the winter season. Your goal for this season is to reduce additional work and to ensure safety.

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