Posted by admin under: Property Brokers
Feb 22
Estate agents, magazines, newspapers, websites, and even mortgage brokers were enticing people to buy almost any property they could get their hands on citing extraordinary historical capital growth rates as a basis for expecting the same growth in future years. Had properties around the world continued to grow at such alarming rates it is likely that the next generation would find it impossible to buy a home anywhere in the civilised world. It was clear that a bubble was forming, however nobody wanted to face reality and admit it. Times were go good that properties being secured by way of deposits even before a single brick had been laid while developers were planning and constructing a record number of properties on almost any piece of vacant land they could secure.Fast forward to 2008 and the story is quite different. The credit crunch is in full swing and the property market
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Posted by admin under: Property Brokers
Feb 22
Purchasing a property as a rental can prove to be one of the most important assets of an investor's portfolio, but what kind of property is best for you? Most investors will tell you commercial properties are the best real estate to invest in because of their unique advantages. This is true, but there are some disadvantages as well that might deter some investors from commercial property.What are the advantages of a commercial property versus a residential or an association? One aspect is the unique lease terms. These terms set commercial properties apart from the rest of the real estate properties. Typically, a normal rental lease is anywhere from three to five years minimum. Because the tenants are tied in for so long, a high amount of income is generated. This also implies that tenant turnover is relatively low. A lease can include an escalator clause, which states that the
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Posted by admin under: Property Brokers
Feb 18
Real estate brokers and agents are two different things. An agent provides their services, independently, to a broker for a fee. A broker sells property owned by others, and may offer management services. Most brokers deal in residential property, but some deal with industrial, commercial and agricultural. The brokers who deal in the latter are often times employed by specialized firms or larger corporations. A broker encompasses many area of property purchasing and has to be extremely knowledgeable. It is the responsibility of a broker to be proficient in the laws governing real estate purchasing in the market they are working in, as well as, financing options. Additionally, a broker handles title searches for properties, and general marketing.Both brokers and agents have similar job duties. They both obtain listings of properties and do research about the current market to determine the market price for a property and decide what the
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Posted by admin under: Property Brokers
Feb 16
Sometimes we forget that an entire discipline orbits around a truly basic skill: valuing property.From Commercial Real Estate Analysis stems Commercial Investors, REITS, Commercial Brokers, Commercial Real Estate Agencies, etc.When thinking about the allure of the Commercial Real Estate Sector, that sizable transaction payment, the larger scale property ownership and applicable rents, whether buyer, seller, or transactional agent, sometimes we'll cut ahead and lose sight of our starting point: Commercial Real Estate Analysis.This is a reminder, an ode to the historical practice that brought us here, Commercial Real Estate Analysis.Step back almost 4,000 years to the Ten Commandments, a pioneering hero of private property. Thou Shalt not Steal, isn't only ethical but implicative, implicative of private property. As it's not always been the case, and due to several influential voices, particularly Aristotle's Politics, our entire professional careers, and plenty of of our lives' ambitions, are owed to a disputed philosophy.Nonetheless,
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