Tuesday, March 4, 2014

Real Estate Agents Tips

Real estate agents are professionals instrumental in connecting the buyer with the seller.
Additionally, many real estate agents manage rentals wherein they introduce tenants to landlords and oversee the maintenance of the property on behalf of the landlords.
In most areas real estate agents are required to be highly educated, licensed and are regulated by a governing body.
Some real estate agents are also Realtors.
To use the title Realtor, a real estate agent must be a member of the National Association of Realtors which in addition to a number of other requirements, requires Realtors to adhere to a strict code of ethics and offers Realtors additional educational and designation opportunities.
Though not required by rule or law, it might be a wise decision to seek the services of a Realtor.

What Do They Do....

Real estate agents bring together two or more interested parties, perform those steps necessary to successfully conclude a transaction and charge a commission for their services.
For sales transactions, they charge commission to the seller while for rentals, commission is typically charged the landlord.
Real estate agents generally calculate their fee as a percentage of the selling price (in the case of a sale) and as part of the rent for rental units.

How Do They Do It...

People who want to sell or rent their property leave details of their property with the real estate agent.
Along with all property details the real estate agent will typically have keys to the house to facilitate showings.
The other interested party (i.e. the buyer/tenant), gets access to this information and to the property by contacting the real estate agent.
That's how the real estate agent becomes a hub of information.
Contrary to some common misconceptions, real estate agents typically represent the seller or the buyer but rarely both.

Why Should I Use One...

First and foremost, to protect yourself. Real estate transactions are highly regulated, highly paper (document) intensive transactions.
The real estate agent possesses an in depth knowledge of the laws, rules, regulations, disclosures and documentation necessary to successfully complete the transaction to the satisfaction of the buyer, the seller and the law.

Because real estate agents are most familiar with local real estate market conditions, it is wise and makes sense to seek the advice of one to get an idea of the current trends and pricing for properties within that market.
A good real estate agent will know the prices (or price range) of various properties of different types and at various locations within the region.

Because of the real estate agent's knowledge and expertise, property sellers often get a few thousand dollars more for their property.

Many home seekers, including seasoned real estate investors use the services of real estate agents to locate the best real estate bargains in the easiest and quickest manner.

Furthermore, the best agents analyze the wants and needs of a home buyer/tenant and provide valuable input as to the kinds of properties available to them within their budget. Therefore, a good real estate agent will not just present a list of available properties to the buyer/tenant but will actually discuss their needs and make suggestions.

The good real estate agent, working in this manner benefits in at least two ways...
First and most obviously, when the real estate agent is able to successfully complete the transaction the commission is earned and the real estate agent is paid...
and secondly, if they make the customer/client happy they earn a good reputation and often receive referrals (hence more business).

Worth Noting...

It is worth noting that there is a myth floating around that real estate agents only work on behalf of the seller, buyer beware.
This is not written in stone nor is it always the case. Real estate agents are, in most regions, highly regulated.
With few exceptions, real estate agents work either for the seller (as is the case with many listing agents) or for the buyer (as is the case for a buyer's agent).
Additionally, some areas allow for dual agency where an agent can work for both the seller and the buyer or as a transaction broker where the agent represents the transaction itself and neither the seller nor buyer individually.
However, in the case of dual agency/transaction brokerage, note that rule, regulation (law) and ethics do not permit the agent to act in favor of either party while in detriment to the other.
If you are unsure of the relationship between you and your real estate agent, do not hesitate to ask.



For Additional Free Real Estate information go to: [http://www.realestateseekerusa.com]

Wednesday, February 5, 2014

Tips for Purchasing Commercial Real Estate

Because of the volatility of the housing and property market, business owners and corporate executives often struggle with the question of whether they should rent or own commercial real estate. Although both options have their merits, purchasing a corporate property can be a great investment.

Because it can be a complex, stressful, and time-consuming undertaking, there is no one-size-fits-all strategy for purchasing a corporate property. Businesses must do all their homework, performing a careful evaluation and consider a wide variety of factors when deciding whether or not to purchase commercial real estate.

The first thing a business owner should do is assemble a team of experts to advise him or her throughout the process. This generally includes an accountant, an attorney, a commercial broker, and a mortgage broker.

The commercial broker will be helpful when identifying potential properties to purchase. The accountant can help the business owner figure out which properties he or she can afford to purchase, as well as analyze the tax benefits and figure out the operating budget. The attorney can negotiate with the seller and lender on the business owner's behalf, and can also scrutinize the contracts to make sure the deal is fair. The mortgage broker will be a big help in securing financing.

After assembling the team of experts, the business owner will need to find a property to purchase. There are many factors to consider, including location, price, physical condition, potential uses, access to parking, limitations, and opportunity for expansion.

Location is probably the most crucial factor, because it's important to be close to customers and vendors to maximize convenience. Depending on the type of business, being close to major highways may be important as well.

Business owners should also have thorough inspections performed on any properties they're thinking of purchasing. They should evaluate any potential liability issues, such as asbestos, lead-based paint, or other environmental hazards that could create a hazardous work environment. Additionally, they should bringing in other experts, such as appraisers and engineers, to verify the condition of the property, identify any structural problems that will need to be repaired, make sure that the property is up to code, and confirm that the property is not involved in any existing lawsuits or insurance claims.

Once the business owner has decided on a property, he or she should take a step back and spend some time evaluating the commercial real estate property to make sure it is a good investment. If they find any problems during this stage, he or she can either walk away from the deal or renegotiate with the seller.

Commercial Real Estate

Due diligence as applicable to commercial real estate entails the ascribed care and thoroughness a prudent investor would apply to investigating the feasibility of a project; it ensures that an informed decision to pursue a deal is made by analysis of the data acquired through the process. There are levels of due diligence consisting of various components which assists the investors in determining the suitability of getting involved with respective CRE projects. However, depending on the experience and activity level of the investors in the submarket, asset class, etc customizes the information needed to come to a conclusion. The importance and relevancy of a community's profile and associated factors as part of the property level due diligence plays a vital role as one of the components necessary for review.

A community profile is representative of the suitability of a neighborhood for a proposed project or its current elements supportive of an existing one. These elements affect the compatibility and profitability of real estate projects and provide insights if the area has the demographic, economic, community support, etc infrastructure necessary to justify investing. The nature of the proposed or existing project will determine what constitutes a favorable community profile. In the case of a new project it can determine a "go or no go" whereas for an existing project it can highlight that a once favorable environment supportive of a project has become unfavorable diminishing its desirability. This is accomplished by acquiring community based data relevant to: - Neighborhood boundaries and land use, neighborhood economy, neighborhood occupancy rates, neighborhood infrastructure and community acceptance from which a market analysis can be conducted as part of the due diligence process. These factors provide the foundational information which helps investors perform the community profile analysis necessary to complement the property analysis and financial analysis if the preliminary conclusions warrant further project investigation.

Neighborhood boundaries and land use - the perimeter of the neighborhood determines the scope of the area under investigation with its relevant features. The land use determines the nature of allowable real estate developments with applicable zoning and community advocacy pro or anti new projects. This is also applicable to existing projects which could have lost the support of the community through negative effects from its neighborhood impact.

Neighborhood economy - the economic stability of the neighborhood is paramount to the feasibility of real estate investments. The job market outlook and business sector performance creates confidence or lack thereof in the viability of investing in commercial real estate properties. This confidence applies to investors willing to risk capital as well as lending institutions which assess the local market's robustness as part of its market analysis indirectly supportive of its underwriting criteria which is property and borrower driven.

Neighborhood occupancy rates - provide insight into the supply/demand relationship in existence in the local marketplace. The neighborhood absorption rate also highlights how current inventories are moving in relationship to time and current prices reflective of the strength of the market. It is necessary for an investor to have a grasp of the market drivers which are determining the occupancy rates and if they are symbolic of low market rents, projects on line or coming on line, changing consumer sentiments, etc.

Neighborhood Infrastructure - the efficiency of the existing neighborhood infrastructure is essential in determining if it will support proposed projects from a location standpoint, e.g. is the site for an industrial park near major highways, airports, railways, etc. How and where will the site connect to existing utilities or sewage systems and what adaptations are necessary to make the connections feasible.

Neighborhood facilities - these are part of the infrastructure which supports a community; public utilities, schools, hospitals, police department, parks, etc. They make a neighborhood functional and pleasing to its inhabitants and depending on the level of service and value attributed to the infrastructure some people may be willing to pay a premium to live and/or work in the community.

Community acceptance - the receptivity of the community to a proposed project is paramount for it to "get off the ground"; resistance can derail it before it even starts. The opinions of community advocacy groups, individual citizens that will be affected by the project, environmentalists, if applicable, etc should be considered and addressed before committing capital to a project. Developing an antagonistic relationship with community leaders, neighbors to the site, local businesses etc creates negative press and can affect the approval of the site from governmental agencies responsible as the "gatekeepers" of their local community.

These are possible elements worthy of inquiry as part of the due diligence which can encapsulate property, financial, market, etc information for arriving at a decision of pursuing a project. The timeliness of gaining access to this information can sometimes be critical in formulating a course of action within a competitive environment where time is of the essence for project execution.

Wednesday, July 31, 2013

Roofing Contractors Explain

When it's time to install a new roof on your home, the roofing contractors should explain in detail what all they will be doing and what the various components will be so that you understand the entire process and are aware of what you'll be purchasing. During this process, you'll probably hear some words or phrases you aren't familiar with. One of these is the "drip edge." If you aren't sure what this is or why it's important, be sure to ask some questions and get clarification before moving forward with the project. In the meantime, local roofing contractors explain what it is and why it's so important to protect your home from the elements.

What It Is

Put simply, the drip edge is a narrow band of a non-corrosive, non-staining, non-rusting material that is installed around the eaves and gables of your home whenever roofing contractors install shingles on your home. It's most often made from aluminum, galvanized steel or a sturdy material like what is used for flashing around chimneys and skylights.

What Is The Purpose Of The Drip Edge?

Its sole purpose is to prevent ice or snow from getting under your shingles and getting the underlay or decking wet, which can lead to roof leaks, wood rot, mold, mildew and a host of other problems. Properly installed, it can prolong the life of your roof for several years. Left off, it can lead to premature failure of your home's shingles. It is designed to channel moisture away from the underlay or decking by providing an outward projecting lower line. There are two areas where this is critical and where reputable roofing contractors will always install a securely fastened drip edge - along the eaves of your house and along the gables or rakes at either end. It should extend to the lowest row of shingles out and over the eaves and rakes as well as over the gutters. This will funnel water away from the roof or directly into the gutters so that no moisture can seep back underneath and rot the decking.

How Do Roofing Contractors Install It?

Experienced roofing contractors install the drip edge along the eaves and the gables in two slightly different ways so that they work together to protect your house all the way around and along all sides. Along the eaves (the lowest straight line of the roof along the sides of your house), it is installed beneath the underlay or ice and water barrier so that water flowing off of these elements can't seep underneath. Along the gables or rakes, it's installed over the ice and water barrier or underlay. The ends should meet and overlap at each corner.

How Important Is It?

Top quality roofing contractors always include a drip edge when they install new shingles or other materials because it protects the decking and ensures that the shingles will last longer. Without it, your home's roof will be prone to wood rot, curling shingles and other problems. Most manufacturers' warranties for shingles are void if they are installed without a proper drip edge, so it's always in your best interest to make sure it is included in any new roof installation.
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Friday, June 28, 2013

Portable Metal Buildings Tips

Portable metal buildings are portable buildings that are made of metals without using any wood. Even though steel is not a metal, portable buildings made from steel are considered part of the category of portable metal buildings.

Most of the portable metal buildings are made from a thick gauge of steel or aluminum. Typically, there would be no exterior wood to these structures. These metal buildings are built to be extremely strong, and they do not shake or rock when one walks inside them.

While seasonal needs are a major reason for preference of portable buildings over permanent buildings, the general cost effectiveness of such structures has contributed to their growing use and popularity. Installing portable metal buildings is an effective way to avoid spending money on setting up expensive permanent buildings. Since there is no need for a concrete base, construction costs are significantly lower with portable metal buildings than with permanent buildings. Moreover, these buildings have almost a zero-maintenance feature, and there is no need to be concerned about permanently losing yard space.

Portable metal buildings are made for both domestic and commercial applications. They are commonly used for storage purposes, though other uses are not uncommon. For example, a portable metal building can be used in houses for storing electrical and communications equipment, while commercially, these buildings can be used for storing construction equipment. Their construction helps them handle the fury of nature, particularly hurricane-force winds, heavy rains, and blizzards.

An industry that makes major use of portable metal buildings is the construction industry. These strong and sturdy buildings provide protection from burglary while offering flexibility in moving them from one construction site to another. Based on the size, these portable metal buildings can be moved using a forklift or a crane, even when they are packed with materials inside.
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Thursday, June 27, 2013

Portable-Modular Building Financing Tips

Portable / modular building can be used in number of ways. It can be used as a mobile office or as a temporary storage building. They can be easily set up and can be moved from one place to another easily. Since they have number of benefits, they can be expensive. Hence many companies look for portable or modular building financing.

Portable or modular building is an advanced level of construction where a building is built in modules. These buildings can be relocatable and prefabricated. Portable or modular office buildings, class rooms and churches are becoming famous nowadays. There are companies that offer wide range of custom commercial portable and modular buildings to meet your needs. You can select any of those types that suit your requirements. If you want some design, then these companies can provide portable building according to that design. Hence they are more expensive and it is essential to go for portable or modular building financing to acquire them.

Portable or modular classrooms are becoming more popular now. They are specially designed to meet the needs of young growing minds. They are specially designed to provide an excellent learning environment for the children. A complete portable or modular school building is also available for all levels of students from elementary school to college. The portable school includes cafeteria, restrooms, multimedia rooms, computer labs, training centers, science labs and so on. All these special features add to the cost of building. Hence many people find it wise to go for portable or modular building financing.

Portable or modular church buildings are specially designed by some companies that include place for worship, rest room and so on. You can specify the type of building you want. These facilities can increase the cost of the building. Hence many people prefer portable\modular building financing to acquire it.

Many traditional financial institutions may not be willing to finance portable or modular buildings due to their extreme cost. However there are some reliable financing companies that can understand the need of portable building and so they offer financial assistance to them.

The financing companies do not ask any documents to offer portable or modular building financing. A simple application process is enough to grant approval. Once the business owner submits the application with the financing company, the officials in that company would contact you immediately. They would grant loan amount on the same day itself. However most of the financing companies practice the habit of granting finance to the company that offers portable buildings directly.

The financing companies provide financial assistance to acquire portable\modular at low interest rates. Hence the companies do not find it difficult to repay the amount in low monthly installments. Since there are no unnecessary delays, the company can get loan at any time they want. Sometimes, financing can be obtained on the same day itself.

Since there are no cumbersome procedures, many companies find it a great relief to get financing portable or modular building. Therefore it is possible for almost all to acquire modular buildings.
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Advantages of Metal Roofing Materials

Over the years, more and more home owners and home builders have become aware of the benefits of using metal roofing materials. This is proven by studies conducted by the National Roofing Contractors Association. Metal roofing usage has increased over the past ten years.

Because of this, more metal roofing materials are distributed in the market. These are very different from the tin barn roofs home owners and home builders have used in the past.

Due to the need for a stable home, high technology has provided the answers for the customers' need to a fire-resistant, durable and lightweight roofing material that at the same time will look good when installed in their home.

Advantages of Metal Roofing Materials

There are many reasons why home owners opt for metal roofing.

Durability. Once metal roofing has been properly installed, it can last as long as the house can. It completely seals out water from entering. It can also survive high wind and can shed snow easily. Metal roofing resists fire, insects, rot and mildew. That's why most metal roofing come with a strong warranty. That is because companies know that their products can last from 20 up to 50 years.

Light Weight. Metal roofing is lightweight when compared to other materials such as tile or concrete. Generally, metal roofing is from 50 up to 150 pounds for each square. In fact, some types of metal shingles can be applied over an existing roof without tearing it off, thus adding support for the structure.

Ease of Installation. Metal roofing is so easy to install that the next thing you know, you have already done it. Accomplished contractors do not have to waste too much time on the job because metal roofing can be installed fast. This is perfect for emergencies, such as when you need to install a strong roof quickly because a huge storm is on the way. The process of installing it only takes a day or two.

Fire Resistance. Metal roofing is given a class A rating because it is non-combustible. You should ask your contractor whether the roof you chose is classified under the group of metal roofing materials that will not ignite under intense heat.

Low Heat Absorption. It has been mentioned that metal roofing can reflect heat effectively. Because of this, it minimizes the heat that is absorbed during midday. Metal roofing also has a structural system that uses dead-air space found between the roof deck and the metal which increases the energy efficiency.

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