Data Collection: Real Estate

Throughout the process of showing clients houses, the agent discusses not many things about the property itself. Because the agent must be aware of the neighborhood the property is in, they often use their knowledge of the landscape to further convince clients as to why they should make the investment. Some main points discussed are, distance from the nearest shopping, size of the rooms, and various features of the house. Such things as, the fireplace, pools, the size of the garage and even the gardens are discussed when overviewing the

1. The most probable price which a property will bring in a competitive and open market under all conditions requisite to a fair sale is:

A closer scrutiny of the market was done by pulling three sales of homes closely comparable to the subject in terms of overall quality grade and the size of above grade living area (see County sales grid). The comps were sold in the range of $770,000 to $900,000. The subject is relatively inferior to comp #1 in terms of size of above grade living area and superior to comp #2 in terms of overall quality grade.

Making yourself aware of the neighborhood and its growth, studying when the market peeks or if it is still growing, and studying the areas general financial foundation of the city, are all important things you need to be aware of when buying a house. According to Mankiw, "In any market, buyers look at the price when determining how much to demand, and sellers look at the price when deciding how much to supply. As a result of the decisions that buyers and sellers make, market prices reflect both the value of a good to society and the cost to society of making the good." This is one of the principles of economics that can quickly affect the profit of this investment.

So started looking for properties. The one house I found is little over my budget but the neighborhood and school is really good and fit my requirement. The property I saw on Zillow.com was a condo located in New York. The house has three levels and a parking garage with 2550 sq. ft. It is valued at $627,000. It has three bedrooms, two full bathrooms, and one-half bathroom. This house was built around 2010. This area is little expensive than the surrounding area because of the school zoning. The High School and the Elementary School have the best school rating in the surrounding area. The home in this neighborhood has seller’s market, because of the surrounding areas. The medium home is 9.1% more than the surrounding

Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They

Angela recently moved to Colorado to relocate for your job working at a local health insurance group, which would also benefit her son’s father to be closer to her son. In just a matter of a two-week span, Angela was making offers on five homes that really brought a lot of interest to her which matched her criteria of what she was looking for in a home. Unfortunately, not even one bid out of those five houses fell through for her. Due to this incident, the housing market in Denver, Colorado has transformed into a form of “The Hunger Games,” with the home buyers gathering any weapons that they can bargain to stay the last bidder standing (Svaldi). Engle stated, “I was like, ‘How the heck is this going to work?’ What kind of potential could I have as a buy in this market? (Rusch)” After searching, Angela finally bought a two-bedroom, one-bath townhouse in Aurora for her and her son to end the stressful, month-long house hunting. This article can be helpful for soon-to-be homeowners that will go through similar feelings of panic and frustration while going through the process of the bidding

The home selling process can prove difficult for home owners who choose to go it alone. Listing, marketing and negotiating can be challenging for those who are unfamiliar with the area real estate market. Lisa Mollman understands the market, the area's home values, and he needs of area home buyers. Her knowledge and expertise are invaluable assets to home sellers when pricing and marketing a home to area home buyers. Lisa's strategic marketing plans ensure that listings are granted maximum exposure.

While various components become possibly the most important factor, at last a property's worth is judged by one and only figure - what amount would somebody say somebody is readied to pay for it at the time? The hugest contemplations for evaluating a property are late deals and current rivalry. The previous is a survey of what different properties of this sort have sold for, while the last considers comparative homes that are in the blink of an eye available.

This case involves an investigation of the factors that affect the sale price of Oceanside condominium units. It represents an extension of an analysis of the same data by Herman Kelting (1979). Although condo sale prices have increased dramatically over the past 20 years, the relationship between these factors and sale price remain about the same. Consequently, the data provide valuable insight into today’s condominium sales market.

This case investigates the factors that are affecting the sale price of Oceanside condominium units. The relationship between these factors and sale price has remained the same despite condo sale prices increasing drastically over the past 20 years.

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.

In this report, the question “How much of the changes in the median selling price of homes in a city can be explained by the changes in median income of that city?” is answered. Home ownership is an important aspect of one’s life stages, and home prices are determined by demand and supply. The demand curve is affected by the one’s income, such that as one’s income increases, one is more willing to pay a higher price for the same quantity of goods (Baye & Prince, 2014). However, there are many other factors that might affect the demand curve, e.g. no. of children, in the household, the perceived quality of education in the school district, or the number of job positions (filled or open) around the city. According to Burda

The data for the second test to be conducted by our group consists of lot sizes of the residential properties that are up for sale in Toronto and Vancouver. The samples are represented in m2 (metres squared; area of the land in which the residential properties are built on). The data taken are based on the properties that are up for

A difficult characteristic to understand about the housing market is how a price is given for a particular house. That price will be designated to that particular house alone. All houses have various pricing, so I can’t always assume that one will cost more or less than any other. The pricing for houses vary based on their characteristics. Each characteristic must be analyzed to determine its contribution or detraction toward the price. I have taken some of these characteristics and modeled the relationship between them and the price of real estate for a specific area.