Transacting real estate is probably the most complicated business process in the world today. An individual, like you and me, who is not normally devoted to this kind of work will not have all the tools he needs to conclude any deal, whether it be purchasing or selling a house, satisfactorily. What are these tools?
You need their Theoretical Knowledge and Practical Experience
Buying and selling Continue Reading →
I find it very intriguing that there are many listings in the South Bay real estate market that are clearly priced well above current market rates. This has been the subject of many articles and yet it still fascinates me how frequently it occurs. In the South Bay region of Los Angeles, the median sales prices of 2009 were fairly consistent with late 2004. This has been pretty well Continue Reading →
Dallas City in Texas continues to experience steady growth in its real estate industry notably on the commercial side. This is not really a wonder as Dallas is a large city which accommodates several huge industries consisting of the petroleum, transportation, banking, information technology and telecommunications sectors. But despite the growing economy, Dallas remains Continue Reading →
Have you ever thought of purchasing a home in North Wildwood, New Jersey but you have not decided on it yet? If you haven’t, act now and do not let others take that house near the Jersey shore. Comparisons about the rates have been done and this year is the lowest by far in its history. World economy has been so unstable lately that it greatly affects the monetary value of houses Continue Reading →
While it is generally known that the cost of living in Mexico is considerably lower than in countries like the United States or Canada, it also valuable to have some more specific information about how these costs. If you choose to buy Yucatan real estate, in the colonial city of Merida or one of the nearby beachfront towns, one area you will see savings are in your monthly Continue Reading →
Though seriously undermined, a career in real estate is probably one of the most rewarding professions in the world today. As a real estate agent, you find yourself in close proximity to so many beautiful houses and can definitely revel in reflected grandeur. And it’s not always that superficial. There’s no greater joy than showing a lovely starter house to a young couple about to purchase their first home, or closing Continue Reading →
When most people think of real estate investment, they think of rental homes and apartments. However, current economic conditions make rental real estate riskier than ever. Even good honest tenants are subject to losing their jobs and being unable to pay rent. Furthermore, declining property values and rising taxes and insurance negatively impact profit potential.
Commercial Continue Reading →
‘Cost Approach’ is a method that is used to determine value of property. It is a logical way and proven analysis of replacement of costs. It involves value as well as depreciation of the property.
Five main steps
These five steps may be helpful to elaborate cost approach:
Giving an estimate of site’s value. Estimate the replacement cost on effective date Continue Reading →