Save the Dates: Best Modern and Architectural Home Tours for 2018

Are you a design voyeur? If you wonder what’s inside when you walk or drive by a home or apartment building, you’ll be pleased to know that there are architectural home tours throughout the country, which let you enter the best examples of contemporary and modern homes and check them out. Here are some of […]

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Important Points To Consider Before Signing A Commercial Lease

Before negotiating and signing a commercial lease there are several important points that any potential tenant should consider. 1. Lease Cost Determine the monthly cost of the leased premises by multiplying the square metres of the premises by the price per square metre and then divide this number by 12. The resulting figure is the monthly cost. Negotiate rent free periods or a discount on the annual cost to limit your costs. 2. Term of the Lease Landlords generally prefer long-term tenants. Due to this the longer the lease the more benefits you may be able to negotiate. 3. Permitted Use This is the use you may undertake in the premises and it is specified in the lease. Negotiate a broad permitted use to be specified. This will allow for possible changes your business may experience at a future time e.g. expanding the goods or services the business engages in providing. […]

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Knowing The Advantages Of Using A Mortgage Broker

Advantages of using a broker: Most brokers do not charge fees to the customer /borrower- they only charge and get paid by the financial institution or bank that they end up selecting for the customer’s new loan. This means that all the running around and form filling for a finance application gets done for you for free by the broker who is the go between. Some people do not understand why it is a free service. The banks are trying to cut costs particularly in the cost of employment and one of their methods to do this is to outsource the job of selling their loan products to independent agents. They will pay the agent a commission if the agent happens to get a borrower to select one of their loan products. Payment of the commission is still less for the bank than paying a full time staff wages, tax, super, […]

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Early Release Of Deposit Or Earnest Money When Buying Real Estate

When real estate is purchased, the “deposit” is a payment made by the purchaser at the commencement of a transaction to indicate that the purchaser proposes to complete the transaction. In a conveyancing transaction the deposit is usually paid at the time that the contract is signed by the purchaser and is usually 10% of the purchase price (it can be as low as 5% or as high as 20%, depending on the vendor and the type of property being purchased). This is a show of good faith that the purchaser a) is committed to the purchase and b) generally has (or expects to have) the funds to do so. If a purchaser fails to complete the contract, it is expected that the deposit will be forfeited to the vendor. If the vendor fails to complete the contract, it is expected that the deposit will be returned to the purchaser. […]

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Real Estate Investing And How To Calculate The Cap Rate

If you are new to real estate, you are probably wondering about some of the terms you have heard at your real estate investment group or seen on the Internet. Understanding these terms is important to successful real estate investing. One of these terms is “Cap Rate.” Cap Rate is short for Capitalization Rate. Effectively, the Cap Rate is the rate of return provided, prior to financing, by the cash flow of an investment property. The equation to determine the Cap Rate (CR) of a property looks like this: NOI/FMV = CR, where NOI is net operating income from the property and FMV is the fair market value of the property. Let me give you a simple example. Suppose you purchase a property for $500,000. And suppose your net operating income, after operating expenses but before any interest, principle or depreciation, is $50,000. Your Cap Rate is 10%, i.e., 50,000/500,000. […]

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How To Find Expired Listing Real Estate Leads

When it comes to getting more real estate leads, an expired listing can be your ticket to your next commission. Of course, your MLS will let you know when a listing has expired and you are allowed to call the homeowner but sometimes that contact information is missing. This means that you have to spend valuable time searching for that information just so you can make a phone call. And when you spend too long trying to find a phone number, another agent may pick up the listing before you do. In order to avoid losing an opportunity to gain a lead from an expired listing you can use a powerful real estate lead software that uses data mining resources to find the contact information that you need for expired listings. When you do this, you get updates on real estate leads every twenty four hours, complete with contact information, […]

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Speaking Real Estate: The Importance Of Location

Location, Repeated three times If you think that sounds like the name of a television show, you’re right! Everyone it seems who talks about property will stress how important location is. But what do they mean? Technically it just means where a property is located/situated. Whether it has a good location or not is not completely straightforward. It is a bit like beauty, it is in the eye of the beholder. For example if I were a passionate surfer a good location to me would be near the beach, for a bushwalker perhaps a location with easy access to bush trails would be a better location than in the middle of the CBD. It really depends on the needs of the inhabitants. There are some people who swear that country living is the best, other prefer the bustle of the city. When people use the term a good location they […]

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Advice For Real Estate Investors: Create Flyers to Attract Private Lenders

Distributing flyers in your community is another marketing strategy for finding private lenders who are interested in investing in your real estate deal. Post flyers at senior centers and areas where high net worth people attend and traffic. Again, you need to word the content in the flyer as an educational seminar or as an offer to receive free information related to your real estate services. It is important that you remember this to keep yourself out of trouble with the Securities and Exchange Commission (SEC). Create an Effective Flyer Title The manner in which the title is worded on your flyer is vital to the types of responses you will get. The more targeted the title is to the audience you are trying to attract, the more successful you will be in attracting highly qualified people that will be interested in working with you. Generic vs. Precise: If the […]

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Why you want Amazon to be your new neighbor

Amazon has narrowed down its hunt for a second home to 20 locations. And the chosen city is likely to get an economic jolt — particularly to its housing market. The company announced in September that it plans to open a second corporate headquarters, and a nationwide bidding war soon broke out. Some cities offered massive tax breaks, while others got creative with their courtship. Tuscon, Arizona, sent a giant cactus to CEO Jeff Bezos and one Georgia town pledged to name an area “The city of Amazon (AMZN).” ‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; } // Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; […]

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Save the Dates: Best Modern and Architectural Home Tours for 2018

Are you a design voyeur? If you wonder what’s inside when you walk or drive by a home or apartment building, you’ll be pleased to know that there are architectural home tours throughout the country, which let you enter the best examples of contemporary and modern homes and check them out. Here are some of […]

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Survey Results: What Keeps Brokers Up at Night?

As we begin a new year, what are the most pressing issues on the minds of the nation’s real estate brokers? What are they most looking forward to in the year ahead? What strategies do they have in place to address inventory issues, technology adoption, agent retention or to ensure their continued profitability? Better Homes […]

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How Tech Is Transforming Your Rental Market

Home-buying and -selling may be the most profitable segments of the real estate industry, but the rental market is the underlying factor that helps new agents build their initial contact database, which in most cases turns into buyer business. Rentals, however, are not what they used to be. In an effort to attract more tenants, […]

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Juggling Responsibilities in Real Estate

Sitting down with the regional owner of a large franchise at the conclusion of a recent convention, I found myself in a discussion about how one person can do it all. During this discussion, I had one of those rare moments of clarity that came in the form of an exercise I demonstrated from the […]

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Building a Reputation of Trust and Honesty

In the following interview, Phyllis Staines, broker associate at RE/MAX Coastal Real Estate in Ponte Vedra Beach, Fla., discusses disruption, marketing and more. Region Served: Jacksonville, Fla. Years in Real Estate: 20 Number of Offices: 1 Number of Agents: 16 Favorite Part of Your Job: The freedom and unlimited potential for earning. I also enjoy solving problems, and those who […]

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Buying Is Better Financially in More Than Half of Markets: Report

It is more affordable to buy a home than rent one in more than half of markets—but for how long remains uncertain, according to recently released research. In 54 percent of the over 400 counties analyzed by ATTOM Data Solutions, buying the median-priced home is more affordable than renting a three-bedroom one, according to ATTOM’s […]

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