Richmond Virgina Case Study

“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.

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

When it comes to the CSF of sales Marc 1 Realty has seen a steady growth in representing both sellers and purchasers and dealing with commercial property. Marc 1 Realty saw a growth of over 22% in the number of homes old between 2012 and 2014, but is expect to recede back down to the 2012 level based upon projected 2015 sales figures. Even with a minor setback when it comes to sales, Marc 1 Realty has still seen a steady 105% growth in the number of sales in which it represents buyers, has grown from dealing with no commercial properties in the three preceding years to projecting six total commercial transactions in 2015, and is in the top one percent of agents based on number of homes sold (Mosteller, 2015; Homelight, 2015). These sales numbers are clearly phenomenal when compared to the average six percent growth that the Charlotte area market has seen over the past

The intent of the company is to purchase distressed single-family residential properties in Roanoke County, and its surrounding areas, rehabbing, and reselling for profit to the public or other investors. Properties that this company will target include short-sales, pre-foreclosures, and REO foreclosures, and any that are selling for below market value.

One of the most important decisions you will make as a home seller is where to set your list price. The wisest approach in deciding your home’s price is to compare and contrast your home against others that have recently been listed or sold in your area. Through their access to MLS databases, a real estate agent will be able to gather and compile this information for you. The best decision is an informed decision and expert guidance when deciding on a list price will go a long way towards avoiding stagnation on the market due to being overpriced or, even worse, loosing out on money due to undervaluing your home. Once a list price is decided upon, marketing your home is the next step. Different agents will take different approaches, but here at Real Living Karapasha Realty we have found a method that has worked out great for our clients! Our marketing process begins with high quality photos being taken by a professional team of photographers. Those photos will be used for several different marketing items. High end brochures will be designed, printed, and placed in your home upon listing. These brochures will be on display and made available to any potential buyers that come to your home on showings or open houses. Additionally, attached to the sign placed in your yard will be what we call a text

Town Residential has quickly captured the attention of the public. They have risen to the top of the real estate market and attracted numerous clients looking for high end properties. Their knowledge and grasp of what the client wants has made them stand out in the reals estate market. Their team of professionals have expert knowledge of the city and supply the client with-the knowledge to help them locate the best

-Research. It is also important to be aware of the current selling price of similar homes in the area. Work with the agent to price your home accordingly. Remember buyers are looking at all the homes in the area. They might select the home in the best condition at the best price.

Buyers in this demographic, who are quickly outpacing other groups as new home buyers, actually prefer to interact in digital formats, and will likely appreciate having information available online that they can consult when they need to. This is just one way that real estate professionals will have to adapt to meet the expectations of this growing group of home buyers.

The clients will get comparative market analysis that will help them to understand of the property’s value based on comparable sales in the area, along with the condition of the property. An experienced and professional estate from a reputed real estate firm can provide listing to the local Multiple Listing Service (MLS).

Town Residential has been touted as the 'Best Firm to Work For' and one of the 'Top 50 Best Places to Work in New York City.' Town Residential's superb reputation can be attributed to its leaders who provide excellent support to the talented team of professionals who diligently serve their

The company intends on purchasing properties that are distressed at 50% or below the fair market value. By purchasing these properties far below market value, it will allow the company to generate a consistent and substantial profit margin. Taking full advantage of the local real estate markets, Valley Realty will be focusing on buying distressed homes using a wide range of

Make no mistake that the home buying process can be a difficult one even for someone that is a seasoned home buyer. It's rare that two sales are ever the same, especially when you work with various financial institutions. For this reason alone it's a good idea to work with a Virginia realtor to help simplify the process. But what makes them an invaluable resource?

This approach is the most common method of property valuation. It estimates the value of a subject property by statistically analyzing the sale prices of similar properties and recently sold properties in order to obtain an indication of the most probable value of the property. It is dependent upon the existing of enough comparable sold information and the level of comparability. This approach is applicable to all types of real property only if there are recent, adequate and reliable transactions on the market. (Bureau of local government finance, 2006).

Research can include acquiring a listing packet; which contains a wealth of information including the legal description, the property boundaries, tax information and ownership data (Edwards, 2006). The next step is to visit the residence. This is a great opportunity to gather information on the neighborhood, amenities, measurements of the home and any other information that will help you feel comfortable and knowledgeable about the home and neighborhood. A market analysis is an important task to complete to prepare for the listing appointment. A market analysis determines an estimate of the market value of a property based on the number of unsold homes, homes that did not sell, and properties that did sell and for how much. The market analysis is presented to the sellers to help them determine their listing price. It is also important to make sure you have all the proper documentation neatly organized and ready to present to the sellers (Edwards,

Chapter 22. Decisions to make based on demand for your real estate and marketing budget