Executive summary The study of this paper aims to give a clear understanding of the terms used in real estate closing meeting. For over a long time research conducted by scholars on these terminologies has shown that real estate business can directly or indirectly be determined by adhering to such terms. Although there are many such terminologies used in closing meeting of real estate, this paper will focus on just a few terminologies which include the deed of title, APR and contingency, this paper also aims to show the importance of these terminologies, its advantages, disadvantages and benefit arising from such arrangement. The study will rely on the primary data collected through methods such as interviews, focus group discussions …show more content…
Commonly terms such as annual percentage rate, deed of trust and contingency are going to be used as keyword for search to helps the stakeholders in the real estate business to reach a conclusive agreement without the need to need to take legal or have one side at a disadvantaged end and thus enabling real estate’s attain higher standards in making sure that they provide quality service. These commonly used terms as well have a number of advantages (Friedman, J. P., Harris, J. C., & Lindeman, J. B. 2008). This terminology as well has some disadvantages during their implementation (WOLF, 201; Gadish, 2014) Several researches have been carried out to identify other clauses which can be inserted to these terminologies so as to improve on their quality of service in real estate business. These are some of the academic sources that the research study will use to support the topic of the study.
Benefits of study The study has a number of lessons learnt; first it helps firms to learn of new ways, which can be used to improve the real estate business. It provides correlation between the stakeholders in the real estate and improvement of total quality process of this service. It as well helps the real estate stakeholders to know where focus should be put by the various stakeholders to ensure that real estate terms and services are improved to enhance better quality of service. (WOLF,
Being an inter-reliant and intricate process that involves numerous stakeholders from many disciplines each phase of the property development process needs the influence of one or more key stakeholders. These actors include but are not limited to landowners, developers, public sector & government agencies, planners, contractors and financial institutions as a result property development could also be seen as the coordination of these processes, stakeholders and actors. Ultimately not every development is the same and therefore may need different combinations of actors and processes.
This paper will discuss the case study of the Strident Property Services as they struggled with the management changes, the internal issues, and the failure to recognize the issues which lead to the selling of the company. The Johari Window model will be utilized to evaluate the communication and lack thereof which contributed to the failure of the company.
Clients tend to make decisions upon the data provided through technology as opposed to experience and intuition. This aspect of real estate business is challenging for everyone involved
In order to meet the study objectives, in addition to the case study, a semi-structured interview was conducted using non-random sampling. As respondents of the interview had to have particular characteristics such as ability to value property and knowledge about the property market, estate agents were contacted. A total of 7 interviews were conducted with estate agents in the West Hampstead/Kilburn area. The interviews lasted approximately 10 minutes. The participants were as follows:
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
Every individual whether they are aware of it or not, base their decision-making on some form of statistical data. Simple everyday decisions are made through rationalizing a problem or opportunity, forming a hypothesis, analyzing information, and determining a decision based on the gathered information. For the purpose of practicality, Team A has chosen real estate market data gathered from the website for the Statistical Techniques in Business and Economics (2008) textbook to formulate and define a chosen problem, attempt to delineate the purpose of the research into the variables that affect
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.
In property management a manager’s success and reputation is built around their complex, their vacancy and occupancy rate and their customer service. Realistically, however, the prizes and recognition come to those who have a high occupancy rate and continuously maintain a low vacancy. The prices are determined on what the market is showing at the time.
This shows that the company as a whole must be satisfying its customers sufficiently as all its reviews are positive and no one has felt the need to provide a negative review of the company. Marc 1 Realty is able to save buyers an average of 14.25% off of list price when working with the company to purchase a home, approximately 7% less than the average agent in the local market (Mosteller, 2015; Homelight, 2015). Though Marc 1 Realty is only able to earn its sellers 87.6% of their original listing price, the company excels at both selling quickly and being successfully in selling properties. The company averages 102 days on the market, 53 days faster than the average agent (Homelight, 2015; Mosteller, 2015). The company also successfully sales 86% of the properties its list, making it 38% more successful than the average agent at selling properties (Homelight, 2015; Mosteller,
The listing price is one of the key factors in selling a home quickly. The expert team at the VILLAGE CONCEPTS REALTY GROUP is able to analyze a property using recent homes sales and reveal the home's true market value. Using the latest data, the team is able to prpovide home sellers with an up-to-date Comparative Market Analysis. The in-depth analysis will answer questions, such as , "Are there similar homes in the area priced for less?" With the information provided by the data, the team at the VILLAGE CONCEPTS REALTY GROUP will be able to price the listing so that it is able to compete on the open
Dean Graziosi, a successful real estate business man; a philanthropist; and a multi-millionaire is not the host of a common TV infomercial who promises to guide you effectively in the path of real estate business and accomplish success in a short period of time. He is America’s No.1 real estate educator experienced in the field for over 20 years and the author of five exceptional NY Times best seller books on real estate. The man having originated and developed his career from scratch can empathetically comprehend the complications of real estate business of an aspirer in the field. His career though successful after having successful real estate investments in 2002, did not stop him
Although it is understandable that the author votes Adams Realty as a more superior real estate agent than the Fitch Realty based on his personal experience, it is necessary that a more logically convincing argument be fashioned before this conclusion is ratified and shared in public. There are several fragile parts in the argument on behalf of such a comparison. First of all, the argument insufficiently connects the Realtors' performance to their employees' work schedules. Second, the argument does not present enough logical data to justify its claims that Adam Realty performs stronger than Fitch Realty. Further, the data presented are quite vague, not providing enough information regarding the details of the supposedly higher achiever, Adams Realty, that sold properties faster than Fitch Reality. Finally, it is not guaranteed that the promoted realtor sells any home more quickly and at a better price compared to others especially Fitch Realty. While the author's hypothesis is certainly one possibility, more evidence is needed to eliminate other conclusions and to bolster the strength of this argument.
Those three facts open opportunities to lenders and real estates to position their products, to better serve each segments needs and desires, trough the appropriate education to the each segment, a superior understanding of it life-style, and
The home buying process can be a very confusing time. First finding a home and finding one within your price range, Then finding one to your liking, and finally settling the agreement and terms to buy the house. There are many terms used within the time frame whether you 're buying a house and or just looking. In this paper you will learn that most of every term and a short and brief description of all of them.
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.