Real Estate Appraisal Essay

Real Estate Attorneys offer legal advice and services to individuals and groups who need help with their residential, commercial, or industrial real estate transactions or investments”. Most attorneys keep your rights protected and have policies that you have to read and sign off on and they are made based off what property you on and the circumstances of the neighborhood. Most attorneys want you to pay a percent. Real estate is an important industry because,” people always need homes and businesses always need office space” . Real Estate Attorneys are always needed due to people needing homes, office spaces, and building spaces. Attorneys are their to protect your house if anything happens and also if you were to have a housing problem

Real estate is a wide-ranging field. It consists of different types of jobs which are: advertising sales agents, appraisers and assessor of real estate, financial analyst, market analyst, mortgage loan officer/ lender, investment adviser, Insurance agent/broker, real estate broker and plenty more. An advertising sales agent is one who sells advertising space to businesses and individuals. They work in variety of industries, which include radio, television, advertising agencies, and internet publishing. Appraiser and assessors estimate the value of land and buildings on the land generally before it’s sold, taxed, developed, mortgaged, or developed. Financial analyst supply guidance to businesses and individuals making investment decisions like the performance the function of stocks, bonds and other things. Market Analyst determine what products a company must generate and in what ways they should sell them. A mortgage loan

“Real estate is a year-round opportunity to help countless people realize the American dream” (“Why Real Estate”, 2012). Eighty-five percent of buyers believe that home purchases are good financial investments, and a majority of homebuyers and sellers rely on the services and expertise of real estate professionals to assist them with their transactions (Profile of Home Buyers and Sellers, 2010). “The primary job description for an agent is communicating with potential clients to determine what kind of property they are looking for” (Richard, 2012). This means, setting up interviews with clients to see if the agents firm possesses property that meets the client’s specific needs. Once it is apparent exactly what the client is looking for, the agent sets appointments to show houses to clients and many times the agent physically accompanies couples while showing off properties.

Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to

The government of the people and for the people is only as good as the people voting and people running for those votes. As a nation, elections throughout its history have had controversy tied to them. The SunShine state is an important state for the national elections and for generating issues for the people as a whole. Being a swing state means Florida issues have power nationally, but it also means that the local elections may generate interest from the national government. Winning candidates from the 2016 election show this most notably.

The residential appraiser is taught how to measure a home, examine it for positive and negative features, take photos, study the neighborhood, seek out comparable sales and listings, and create a report that solves a valuation problem. All of these things primarily involve the technical side of the work. But what about the bigger picture? What we do has a profound effect upon our local markets, communities, and the nation as a whole. We are an important participant in all of these things.

Technology in the modern-day has simplified work for most individuals including real estate agents. It revolutionizes the real estate market so that clients can make decisions based on information from internet sources. Agents dealing with such clients have to convince them of the products in order to make a sale. Many internet sources are not accurate and thus clients are skeptical of the actual property (Ferrell, Fraedrich, & Ferrell, 2011).

Others with experience and training in estimating property value may become real estate appraisers, and people familiar with operating and maintaining rental properties may become property managers. Also, a gents, brokers, and appraisers who gain general experience in real estate and a thorough knowledge of business conditions and property values in their localities, may enter mortgage financing or real estate investment

If a consumer does not wish to have a licensee act on behalf of that consumer either as a seller agent or a buyer agent yet wishes to enter another relationship with the real estate brokerage firm, the licensee shall clearly describe, in writing, that relationship. The written description of that other relationship shall be signed by all parties to the relationship prior to any services being rendered.

I have a somewhat unique perspective when it comes to foreclosures. I have owned and operated businesses as a Real estate appraiser, real estate broker, mortgage lender, and insurance adjuster. For more than 15 years I specialized in the appraisal of foreclosed properties. Around 2008 virtually everyone in the appraisal industry became foreclosure appraisers. It was interesting to see people that had very little experience and knowledge in this area start to proclaim their expertise. It’s funny how little documentation or proof is needed to advertise as an expert. The first thing in the buying process that I would point out is that not everyone that claims to be an expert has the education and experience to lead you in a direction that is

This paper will seek to provide an overview of the real estate process and its affects on the real estate agent. An agent needs to be knowledgable about the steps required to make a sale, and the risks involved when the sale does not go as planned. Real estate sales require much of the agent, including sacrifices in their personal lives and in their financial stability. Agents must be teachable and willing to seek to see others succeed. A successful real estate sale consists of many steps, sacrifices to personal time, and an agent’s ability to work well with others while remaining incredibly flexible.

The authors used all constructs of the theory through pre- and post-survey questionnaires for subjects studied that went through the training course. Through the pre-survey they were able to determine what realtors prior perceptions on lead and whether or not they understood its implications and any of the background information relating to lead prior to taking the course. After completion of the course, in six months, they were followed up with surveys and phone calls to determine how effective the course was. The realtors enrolled in the study were volunteers and were provided with a $200 financial incentive. The behavior researchers sought was to see if the realtors put into action what they learned and whether or not they were able to inform potential clients about the homes they were selling. An increase in realtor awareness is seen through the feedback they provided therefore it reveals to have sustained a continuous behavioral change in the thought process of selling a home to potential buyers. The authors did not clearly define the theories they used. Instead they stated using quantitative and qualitative measures and also described their methodology in detail.

When evaluating a property 's value, appraisers note the details of the property and surrounding area, such as a view or noise factor. They also consider the overall condition of the property, including the foundation and roof. They must determine whether any renovations have been done. Appraisers photograph the outside of the home and some of the interior features. This gives them the ability to determine the condition. They compare the property to other comparable ones by analyzing lease records and previous appraisals. Appraisers record their findings and observations before

Property appraisers have many important responsibilities, including verifying legal descriptions of real estate properties in public records, inspecting new and existing properties, and recording their unique characteristics. They take pictures of the interiors and exteriors of properties as well as analyze similar assets. They then prepare written reports and maintain up-to-date data on the property. Appraisers work in places they are familiar with, subsequently they are aware of issues that may affect the property 's value. Appraisers usually value one property at a time, and they can often specialize in certain types of real estate. (Appraisal Careers) Commercial appraisers specialize in working with income producing property like stores, hotels, and office buildings. Residential appraisers focus on appraising personal property like single family homes and condominiums, appraising properties of one to four units.

Property development is a complex process that involve extensive planning, large amount of capital, complex activities and procedures, requires services from various parties and usually involves lengthy process. As a matter effect, it usually a high-risk investment that can influence changes in the economy and the property market itself. Poor planning on the development and parties involves will cause the project result in loss especially to the owner. However despite all the risk, property development is an investment that promises rewarding returns to its investor especially the developers. Therefore, in order to ensure that particular development will turn out successful and profitable, a thorough development appraisal