| |
| |
|
Real Estate Information |
|
|
Basic Real Estate Valuation
Given the current interest (dare I say hysteria) associated with investing in dirt and buildings, I thought it might be interesting for our readers to have a quick, dirty manual on real estate valuation. My perspective comes from years in the industry as well as some time learning at the knee of some of the better real estate minds in academia. I will separate (to some degree) investing in one's residence, for consumption, from investing in real estate for fun and profit. The reason for this separation is that much of the utility or value of one's home is locked in the pleasure one gets from living in it, or consuming it. Although there are certain ego strokes to owning large buildings, an edifice complex - if you will, the value associated with land, apartments, office buildings and warehouses is locked in the cash flow they provide or will provide. [That edifice complex comes in to play with large, trophy assets - I wouldn't expect any of our readers to be buying the TransAmerica Pyramid or the Sears Tower, but there is an interesting argument as to why those buildings deserve premiums over their nearby competitors - that discussion will have to take place at another time.] The first basic principle to understand is that any asset is only valuable to the degree to which it will provide cash flow to its owner. It is important to see office buildings, not as office buildings, but as rent creation machines. One should see land, not as dirt, but as an option to build and rent out or sell - and thus, create cash flow. 'But, JS, how can I decide what to pay for those cash flows?' And 'JS, what if the cash flows are unpredictable or are hard to estimate?' I hear your questions, and they are good ones. And that is why there are different ways to assess the value of real assets. There are four basic ways to approximate the value of a building or piece of land. There is the Discounted Cash Flow method, or DCF, there is the Cap Rate method, there is the Replacement Cost method and there is the Comparable method. Each one has its own advantages and disadvantages. DCF Discounted Cash Flow analysis or DCF analysis is not unique to real estate; in fact, it works with most any capital asset. DCF is the process of forecasting cash flows forward for some realistic period of time (any investment banking analyst will have done so many 10-year DCFs that he or she will be seeing them in their sleep) usually five or ten years and then discounting those cash flows back to the present to find the current value of the building. I am not going to get in to the ins and outs of choosing the appropriate discount rate (but maybe one of my fellow columnists will) but suffice it to say that the appropriate discount rate should take in to account the relative surety of the future cash flows (or more precisely, the risk associated with the cash flows specific to this asset). The cash flows include the rents or the cash that will be spit out as well as the terminal value (or the value that the building will fetch at a sale (less transaction costs) at the end of the analysis). Below is an example of a DCF analysis. Notice how one might value the building very differently depending on one's discount rate. Assume that the asking price for the building is $150 - perhaps this wouldn't be such a great investment. Building a simple model on excel and fiddling with rent flows and terminal values will show how sensitive these analyses are to even small changes. The advantages to this type of valuation are that if you are relatively sure about the future cash flows and understand the true cost of your capital as well as the correct discount rate for this type of asset, then one can get a good idea of what to bid or what you'd be willing to pay for an asset. Of course, the disadvantages are that if someone can accurately predict anything for the next ten years, I want to meet them and buy them anything they want - they are worth my weight in gold (no small number I assure you). Also, choosing the right discount rate is an art and not a science, as such, it is not only difficult, but it is also prone to be tinkered with. Or in other words, many of my colleagues (and JS is not to be held out as better than anyone else) as well as myself have worked backward to get to the asking price. Or we have done the model and then chosen the discount rate in order to arrive at a value that will in fact make the building trade. In general, I don't favor this type of valuation. It is too sensitive to judgment / errors and doesn't take in to account the vagaries of the market. Additionally, this method doesn't work well with land, vacant buildings, redevelopment opportunities or any type of asset that has no cash flow or extremely difficult to predict cash flows. Cap Rate The Capitalization method or cap rate method is similar to the DCF method. In fact, it is really just a shortcut for the DCF method. The following equation explains what a cap rate is: First Year NOI � Building Purchase Price = Cap Rate NOI is Net Operating Income. NOI is basically cash flow from a building, excluding debt service and income taxes (not real estate taxes). As an example, if we take the building from the above DCF Analysis and we assume a purchase price of $100 and an NOI of $10, the cap rate is 10%. [$10 / $100 = .10 or 10%]. In order to use the cap rate method to find out what to pay for a building, one only needs to understand two things, the expected NOI for the year after purchase and the cap rate for similar assets (and this usually means tenants) in the market. If you deconstruct this method it begins to look like a DCF valuation - but those similarities and why they may or may not make sense is better saved for a later column. NOI is Net Operating Income. NOI is basically cash flow from a building, excluding debt service and income taxes (not real estate taxes). As an example, if we take the building from the above DCF Analysis and we assume a purchase price of $100 and an NOI of $10, the cap rate is 10%. [$10 / $100 = .10 or 10%]. In order to use the cap rate method to find out what to pay for a building, one only needs to understand two things, the expected NOI for the year after purchase and the cap rate for similar assets (and this usually means tenants) in the market. If you deconstruct this method it begins to look like a DCF valuation - but those similarities and why they may or may not make sense is better saved for a later column. In commercial real estate, this is the most common method of quoting property prices or talking about valuations. Brokers will talk about buildings 'trading at an 8 cap.' That means that a building sold at 12.5x its first year NOI. Be careful to delineate between 'in-place NOI' and 'projected' or 'pro-forma NOI.' Also be careful to accurately predict capital contributions needed to keep a building leased or lease-able. Because cap rates only take in to account NOI, they often don't differentiate between buildings that require massive amounts of capital and labor to keep up and ones that don't. In general, this is a great short-cut to decide if a building is worth doing more work on. Cap rate analysis is just a starting point in deciding what to bid for a property. But understanding market cap rates (or the average cap rate that assets have been trading for) is a very valuable metric. I would place this as the second best method for valuing real estate. Replacement Cost Analysis The replacement cost analysis is exactly what it sounds like. The replacement cost is the cost to recreate that exact asset in that exact location. A good replacement cost analysis will not only take in to account land values and building costs but also developer profit and carrying cost for construction debt. Although brokers often say 'this is going to trade below replacement cost' it is often not the case and also, that is usually not a relevant metric. The replacement cost is a backward looking metric and one that doesn't take in to account the most important thing, what the building will be able to earn right now. Remember, cash is king. I will say that in general, this method is unhelpful. The argument that if you buy something under replacement cost, 'you can only get hurt if no one ever builds here again' is a shabby one. If you are buying in a vibrant market with high volatility, this argument could have some merit. But unless you are getting an off-market deal or there is some reason to believe that other informed buyers haven't been made aware of the deal you are exploring, you should ask yourself why you can buy something at below replacement cost. Comparable Analysis This is the most important method for valuing any type of asset, but it is especially helpful in real estate. The comparable method or comp method is simply looking for assets in the market that are similar to the one you are acquiring and looking at what they have traded for on a per square foot, per acre or per unit basis. If you are paying more, then everyone else in the market, there had better be a good reason. And if you are paying less, figure out why. This method is best for 'hard to value assets' like vacant buildings, land and residential homes. For those items, cash flows are non-existent or too difficult to estimate. Embedded in this method of valuation is a central theme, that of the efficient market. So long as there are ample bidders and relatively fair market disclosure the prices at which assets have been trading are probably the best indication of their value. If you have more specific questions about another method or about something in this article, please do not hesitate to write me or post it to http://www.whatbubble.com. J.S. Silver is a real estate investor and co-editor-in-chief at whatbubble.com. If you would like to post your own comments, or have any financial questions answered by an expert for free or if you would like to just read more on this subject please visit http://www.whatbubble.com. If you wish to re-publish this article, we request you retain all links.
MORE RESOURCES: Real Estate Fresh Finds: June 19 PoPville Real Estate *Fresh* Finds is a weekly selection of newly-listed properties in the District, brought to you by Real Living At Home. Featured Property of the Week: ... What It Means When Real Estate Firms Declare Themselves Technology Companies Forbes More and more real estate firms are pulling away from focusing on home transactions and instead turning their eyes toward data collection. Recent Commercial Real Estate Transactions The New York Times $10 MILLION. 77 East Third Street (between First and Second Avenues). Manhattan. Built in 1900, this 11,250-square-foot, mixed-use property in the East ... Facebook is launching its own financial marketplace. Will the real estate industry sign on? The Real Deal Developers, lawyers and real estate tech figures offered their takes on whether Facebook's new financial marketplace would be embraced by the industry. Real Estate Women Tour Redevelopment at the Fort The Two River Times By Laura D.C. Kolnoski. Sarah Giberson, (standing left), and Kara Kopach (standing right), officials with the Fort Monmouth Economic Revitalization Authority, ... Real Estate Market Trends Flathead Beacon Last Fourth of July, we looked at the Flathead Country single-family residence sales quantities and median speeds (listing to contract) — and median list and ... St. Clair County Real Estate May 13-May 17 Madison County Record An O'Fallon land parcel sold for $1035203.00 as part of the St. Clair County real estate transactions for May13-May 17. Madison County real estate May 22-29 Madison County Record A Bethalto property sold for more than $1.1 million as part of the recent Madison County real estate transactions for May 22-29. The Most Influential Women in Commercial Real Estate for 2019 AZ Big Media From a field of more than 2,000 women under consideration, AZRE magazine has announced its list of the Most Influential Women in Commercial Real Estate for ... Blockchain Is the Future of Real Estate Transactions Propmodo In a recent Propmodo Daily briefing on antitrust regulation in real estate, I mentioned the example of Standard Oil's experience with trust-busting. It makes for a ... Opinion: Luxury real estate auction company comes to Kansas City The Missouri Times Auctions have come a long way from being the last resort for selling off unwanted property quickly. When most people think of auctions, it's involving either ... Six Philadelphia real estate projects awarded historic tax credits by state agency The Philadelphia Inquirer Six Philadelphia properties have been awarded state historic tax credits, the Wolf administration announced this week, providing a total of $600,000 in financial ... Big Real Estate Peddles the Myth That New York Rent Control Mainly Targets Small Landlords Pacific Standard Previously unreleased data shows private equity's stranglehold over New York City housing, and its practice of wide-scale eviction. New federal tax rules create advantage for real estate investment trusts CNBC As Generation X and millennials inherit their baby boomer parents' assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property ... Yes, You Can Trust Your Real Estate Broker Forbes I love movies. I go to a movie theater with my wife and kids as often as I can, and for us every such outing is a celebration. But as much as I enjoy cinema, I do ... The Inland Real Estate Group, LLC Wins “Best Use of Automation” Award for the Second Year in a Row Yahoo Finance The Inland Real Estate Group, LLC (“Inland”) announced today that its IT department has received Realcomm's Commercial Real Estate Digital Innovation or ... Introducing GlobeSt.ELITE Women of Influence Conference for Commercial Real Estate Yahoo Finance NEW YORK, June 19, 2019 /PRNewswire/ -- The inaugural GlobeSt.ELITE Women of Influence Conference, which celebrates the women who drive the ... Black poverty is rooted in real estate exploitation Crain's Chicago Business A new study in Chicago shows how the dream of homeownership was converted into a poverty trap. Emily Cornwell joins Hanna Commercial Real Estate Buffalo News Hanna Commercial Real Estate, a full *service* commercial real estate firm, is pleased to announce that Emily Cornwell has joined their Buffalo Office. Cornwell ... Attorneys look for legal challenge to rent Act Real Estate Weekly Ever since the new rent regulations — all 74 pages of them — were signed into law by Governor Andrew Cuomo on Friday, real estate attorneys have been ... Buffalo real estate development firm makes big buy in Niagara Falls WGRZ.com Blue Cardinal Capital has acquired a sprawling downtown Niagara Falls real estate portfolio that includes 38 parcels, mostly along Main Street. Enterprise names Priscilla Almodovar CEO Real Estate Weekly Priscilla Almodovar has been named CEO of Enterprise Community Partners, following a unanimous vote by its board of trustees. Enterprise is a leading ... Chime Technologies Unveils Dynamic Ads for Real Estate Designed for Facebook GlobeNewswire PHOENIX, June 19, 2019 (GLOBE NEWSWIRE) -- Chime Technologies, an operating system for the real estate industry, today unveiled DARE (Dynamic Ads for ... Jerome Karam: The 'Dr. Impossible' of the Louisiana and Texas Real Estate Yahoo Finance FRIENDSWOOD, TX / ACCESSWIRE / June 19, 2019 / Jerome M. Karam, the former private injury lawyer turned real estate developer, has been, in recent years ... Situs, American Mortgage to Merge, Create Real Estate Advisory Giant Commercial Observer Situs Group Holdings Corporation and American Mortgage Consultants have agreed to merge the two firms into an entity called SitusAMC. People and Property: NH Real Estate and Construction News Roundup New Hampshire Business Review Amanda Savage of Concord, business development manager at North Branch Construction, Concord, has been appointed to Plan NH board of directors, whose ... WPT Industrial Real Estate Investment Trust Announces June 2019 Distribution GlobeNewswire TORONTO, June 19, 2019 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U) (OTCQX: WPTIF) announced today ... Can We See Significant Institutional Ownership On The Árima Real Estate SOCIMI, S.A. (BME:ARM) Share Register? Yahoo Finance Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you want to know who really controls ... Gov. Charlie Baker pushes for real estate transfer tax hike for climate change, but mum on affordable housing MassLive.com Massachusetts Gov. Charlie Baker and Secretary of Energy and Environmental Affairs Kathleen A. Theoharides pushed for legislation that would raise the tax ... Real Estate: No Twin Transit Center Leads to Downtown Development Opportunity Centralia Chronicle Twin Transit announced during a board meeting Tuesday that it is now focused on expanding and renovating its current building at 212 E. Locust St. rather that ... Innovative Industrial Properties Expands Real Estate Partnership with Green Peak Innovations at Michigan Property Yahoo Finance Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis ... Can Commercial Real Estate Loan Rates Help Your Business Save? Nav Some commercial real estate loan rates are as low as 3.9%, but it depends on the type of loan you're getting, the term of the loan, and other factors. Seneca Golf Club sale in updated Syracuse.com real estate search syracuse.com Syracuse.com has updated its searchable database of the latest residential and commercial real estate sales in Cayuga, Madison, Onondaga and Oswego ... Real Estate Insider: MDOT gearing up for Amtrak property RFP in Detroit Crain's Detroit Business The Michigan Department of Transportation is nearing a request for proposals for a key property in Detroit's TechTown area. The end result would be a new ... Sklar Kirsh Strengthens Real Estate Practice With Matthew Seeberger Business Wire Top boutique law firm Sklar Kirsh LLP announced today that it has expanded its Real Estate practice with the addition of Senior Counsel Matthew P. See. Curbio forms partnership with Texas real estate broker Maryland Daily Record Curbio Inc., a Potomac-based real estate technology company specializing in pre-sale home renovation, formed a marketing partnership Wednesday with ... Real-Estate Stocks Rise To New Highs The Wall Street Journal Real-estate shares are the second-best performer in the S&P-500 index in 2019, lagging only highflying technology stocks. Douglas Elliman Real Estate Opens Pasadena Office | Pasadena California, Hotels,CA Real Estate,Restaurants,City Guide... - Pasadena.com Pasadena Now Douglas Elliman Real Estate, the second largest independent residential real estate brokerage in the United States by sales volume, announced the opening of ... REAL ESTATE TRANSACTIONS: June 10 – 14, 2019 Martha's Vineyard Times June 12, Macdonald T. Haskell sold 1 Driftwood Ln. to Patrick R. Sherbrooke and Katherine A. Sherbrooke for $1,605,000. Chilmark. June 14, Ghee House LLC ... Senate EPW approves GSA real estate prospectuses - Washington Washington Business Journal The Senate's Committee on Environment and Public Works voted unanimously Wednesday to approve more than three dozen real estate prospectuses sought ... Realtors release first profile on LGB buyers and sellers Real Estate Weekly June is national LGBT Pride Month, and in recognition, the National Association of Realtors released its first-ever Profile of Lesbian, Gay and Bisexual Buyers ... Smith & Associates Real Estate, 2019 Business of Pride - Tampa Bay Business Tampa Bay Business Journal The 2019 TBBJ Business of Pride honorees will be celebrated June 20 at the Italian Club in Ybor City. Strategic Real Estate Acquires NJ Office Complex Commercial Property Executive Strategic Real Estate LLC has purchased 445 South St., a 320,274-square-foot, Class A corporate office complex in Morristown, N.J. CBRE's Debt & Structured ... ‘This is Iowa’ Campaign Fakes Out New Yorkers Looking for Real Estate Deals WHO TV Des Moines Gov. Kim Reynolds has a unique new initiative to try and grow the state's population. It involves a little "Candid Camera-style" advertisement where a fake real ... Old main post office in Chicago a destination for big-name companies Crain's Chicago Business The Old Main Post Office, the colossus astride the Eisenhower Expressway that sat vacant for decades after it was abandoned by the postal *service* in 1996, is a ... Luzerne County now processing deeds and other real estate transactions impacted by cyber attack Wilkes Barre Times-Leader While Luzerne County's property assessment database is still down due to a cyber attack, the administration has figured out a way to access other software… Climb Real Estate adds automated marketing from Imprev Inman.com Climb Real Estate, a full-*service* brokerage based in the Bay Area, is partnering with Imprev to give its agents access to automated marketing services. Huge Westlake office campus sells to Chicago investors Dallas News Two Chicago investors have teamed up to buy a huge Westlake office campus.GlenStar and partner Singerman Real Estate have bought eight buildings in... Monmouth Real Estate Investment (MNR) Shares Cross Above 200 DMA Nasdaq In trading on Wednesday, shares of Monmouth Real Estate Investment Corp (Symbol: MNR) crossed above their 200 day moving average of $14.19, changing. CF Real Estate Services CEO Brett Finkelstein Named a Glassdoor Top CEO in 2019 Yahoo Finance CF REAL ESTATE SERVICES CEO, BRETT FINKELSTEIN, has won a Glassdoor Employees' Choice Award honoring the Top CEOs in 2019. Glassdoor, one of ... London’s Real Estate Market Won’t be Repaired by Brexit Conclusion Mansion Global A resolution to Brexit won't be enough to solve prime central London's real estate woes as the market continued to be pained by tight supply and falling prices in ... Drug Cop Worth $400 Million After Bets on Brooklyn Real Estate Bloomberg Greg O'Connell acquired his first Red Hook building in 1967 for $22000. Baby Boomers Built Big, But Now Nobody is Buying southernliving.com Boomers are discovering that their huge houses aren't so convenient as they grow older, and worse yet, that younger people have no interest in buying. BRAC for civilian agencies? Panel weighs options to trim federal real estate Federal News Network The federal government has more real estate than it knows what to do with, but getting rid of its excess property has never been easy. Help is on the way, though ... Real estate broker Kevin Moss believes in Cleveland Cleveland Jewish News Kevin D. Moss, a senior associate at CBRE Group Inc., is working on the high-profile Market Square project across the street from the West Side Market. Vail Valley real estate dip tracked to decline in sales of $5 million or more Vail Daily News The Vail Valley's real estate market has long been an unusual one, with very expensive sales accounting for a large share of the market's dollar volume. Commercial Real Estate Crowdfunding Eyes '18-Hour Cities' for Small Investors TheStreet.com Crowdfunding site CrowdStreet focuses on so-called '18-hour cities' to find attractive commercial real estate opportunities for small investors. Can commercial real estate provide investors a hedge against volatility? Inman.com It's a strange time to be an investor. We're in a longtime bull market, but the 2008 financial crisis is still *fresh* in most investors' minds. As we continue to ride this ... Sandusky County real estate transfers Fremont News Messenger Real estate transfers from the Sandusky County Auditor's Office. Tucson Real Estate: Luxury camping venue to open in August Arizona Daily Star Under Canvas Inc. will have tents for rent near Tanque Verde Guest Ranch. Environmental group fighting Utah's inland port holds protest outside a Salt Lake City real estate firm Salt Lake Tribune Opponents of a huge industrial development in Salt Lake City's northwest quadrant staged their third public protest Wednesday, this time targeting a real estate ... Lebanon County real estate transfers for week of June 17 Lebanon Daily News The following real estate transfers were recorded recently in Lebanon County: Lebanon. Timothy A. and Barbara T. Bixler to Jubilee Ministries, 1235 Lafayette ... Nomura Real Estate aims for zero emissions at its hotel chain Nikkei Asian Review TOKYO -- Japanese developer Nomura Real Estate Holdings said it plans to achieve zero-emissions operations at its directly managed hotels by switching. 4 Reasons Having A Mobile App Is A Must For Real Estate Agencies NuWire Investor It should be no secret that Americans spend a lot of time on their mobile devices each day. Consumers in particular are spending upwards of five hours a day on ... What Type Of Shareholder Owns Apollo Commercial Real Estate Finance, Inc.'s (NYSE:ARI)? Yahoo Finance Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you want to know who really controls ... Real estate giant JLL teams up with Google on new digital assistant app for office workers, challenging Alexa and Cortana GeekWire JLL is one of the world's top real estate companies, managing crown jewel buildings across the globe and helping some of the elite technology giants find office ... Law Firms Continue To Trim Real Estate Costs, Shrink Offices Law360 Law firms are spending less and less on real estate even as rents rise in major metro areas, according to a forthcoming Cushman & Wakefield report obtained by ... How to Integrate Real Estate Teams Onto the Cloud Propmodo Every real estate team around the world is unique. They all have their different specializations, structures, processes, and skills. But one thing that unifies them is ... Celebrities developing real estate in their second acts New York Post The 168-unit 50 Rector Park rental — the first market-rate residential high-rise constructed in Newark, NJ, since 1962 — opened last Saturday. The 23-story ... TPG joins Gurals, Northwind on FiDi office redevelopment The Real Deal TPG Real Estate took a majority interest in GFP Real Estate and Northwind Group's repositioning project at 7 Hanover Square in the Financial District. Thiele's Real Estate Transfer Tax Passes State Assembly 27east.com The State Assembly on Tuesday approved a bill authorizing towns in the Peconic Bay region to establish community housing funds—similar to the Community ... How To Find The Right Real Estate Agent: Six Tips For Home Sellers Forbes When selling your home, you want to have an agent who is by your side, before, during and after the sale. Grand County real estate transactions, June 9-15: Totaling $10888344.65 Sky Hi News Transactions from June 9 to June 15, 2019. Elk Creek at Grand Park Filing No 4, Lot 56 – Grand Park Homes LLC to James Resnick and Jill Edwards, $596695 ... How To Choose The Right Attorney For A Smooth Real Estate Closing WGN Radio - Chicago Tune in as Michael Gunderson of The Gunderson Law Firm, LLC and Stuart Kessler of Kessler & Keirnman P.C join the #MODSquad to teach you how to choose ... People news: Sutton Real Estate hires Casterline as controller The Central New York Business Journal SYRACUSE, N.Y. — Sutton Real Estate Company announced it has recently hired Shelly Casterline as controller. Casterline has more than 20 years' ... Did Maplewood International Real Estate Investment Trust's (CVE:MWI.UN) Share Price Deserve to Gain 35%? Yahoo Finance These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do... Why the Real Estate Industry is a Prime Target for Attackers Infosecurity Magazine In recent years, business email compromise (BEC) scams targeting the real estate industry have exploded, with a 1,110% increase in phishing-driven real estate ... Food Bazaar to open at One East Harlem Real Estate Weekly ABS Partners Real Estate announced it secured a 45,885 s/f, 20-year pre-development lease for Food Bazaar at One East Harlem, a one-acre, mixed-use ... Growing real estate player Pretium buying Deephaven Mortgage from Värde Partners HousingWire Pretium, an investment management firm that focuses on residential real estate, mortgage finance, and corporate credit, already owns one of the nation's largest ... Alexandria Real Estate pays $28.5M for South Lake Union property Puget Sound Business Journal (Seattle) MZA Architecture designed this 12-story Seattle office building for the sellers of the Copiers Northwest building at 601 Dexter Ave. N., in Seattle. Omega Healthcare Investors - Invest In Real Estate And Healthcare Simultaneously Seeking Alpha Omega Healthcare Investors has stagnated recently, however the company has completed the MedEquities acquisition and repositioned its portfolio. Omega ... Is Your Local Real Estate Market About To Heat Up? Five Signs To Watch For Forbes Here are some things to watch for when trying to determine what your local market is trending toward. Commercial Real Estate's #MeToo Moment Bisnow As you walk down the stairs and into the main ballroom of the plush Montcalm Hotel in London's Marylebone, it hits you straight away: This does not look like a ... Erie County Real Estate Transactions Buffalo News Following are real estate transactions over $5000 as listed in records of the Erie County clerk's office for the week ending May 17. AKRON • 40 Eckerson Av… TD Bank commits to affordable housing development Real Estate Weekly TD Bank announced its commitment to finance Blue Sky Communities recent development of the Preserve at Sabal Park, a multi-family affordable housing ... Sen. Julia Salazar, bane of the real estate industry, talks rent laws and property rights The Real Deal Senator Julia Salazar sits down with Georgia Kromrei and Katie Brenzel in Albany on the eve of the rent laws vote to talk policy. Outcry as Ukrainian town plans to build real estate on Jewish mass grave The Jerusalem Post Jewish groups “expressed outrage” on Tuesday after it was revealed that there are plans to sell and develop a mass grave of Jewish victims from the Holocaust ... Sell Towers: Morgan Stanley Says US Cellular Should Unload Real Estate, Upgrades Stock Yahoo Finance Shares of United States Cellular Corp (NYSE: USM) and its majority owner Telephone & Data Systems, Inc. (NYSE: TDS) soared almost as high Tuesday as the ... Real Estate Rumors: Goodman, Starwood, TA Realty Law360 Developer Goodman Group has reportedly dropped roughly $130 million on a Los Angeles manufacturing facility, Starwood Property Trust is said to be close to ... Investors snap up North Dallas office campus | Real Estate Dallas News A Dallas property investor has purchased a North Dallas office campus.Real estate firm MoxieBridge acquired the 2-building project at 5710 and 5728... Changing rent laws could spark new financial crisis Real Estate Weekly By Jonathan Lewis, Founder, JLJ Capital. There's been tons of press over the last few weeks and months about the housing crisis in New York City and the ... Welcome to Real Estate Friday! | theberkshireedge.com Property of the Week –Mary Jane White of Cohen+White Associates offers a stunning colonial revival — a house for all seasons. What's on the Market – It's ... Berkadia structures loan Real Estate Weekly Berkadia helped secure equity and debt financing for the acquisition of Park Crossing Apartments, a 280-unit multifamily garden-style property in Lilburn, ... Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties: June 16, 2019 edition MassLive.com Agawam. Anne C. Llewellyn and Judith H. Llewellyn to Marwan Al-Masri, Unit 4-D Mansion Woods, $177,500. Anthony C. Frasco, Gina L. Rogers, Gina L. 3 steps everyone should take if they want to own real estate by age 30 Business Insider Aspiring real-estate owners should establish a property goal, quantify the down payment, and become knowledgeable about real estate. Bridgewaters 5 Newest Real Estate Listings Bridgewater, NJ Patch Bridgewater's 5 Newest Real Estate Listings - Bridgewater, NJ - Bridgewater's real estate market is always evolving. Check out some of the most recent listings ... Stocks close higher as social media, real estate shares lead MarketWatch U.S. stocks close higher Monday on the back of strong gains in social media and entertainment shares such as Facebook Inc. and Netflix Inc. S&P 500 real estate stocks haven’t been this high in a long time The Real Deal Real estate stocks on the S&P 500 are trading at their highest levels in at least the past year. Cheyenne Mountain area real estate sales: April 29-May 5, 2019 Colorado Springs Gazette This list was obtained from the El Paso County Assessor's Office and covers sales recorded during the period of April 29-May 5. Each listing includes the ... Six Ways To Build Culture At Your Real Estate Brokerage Forbes Real estate agents tend to have many options available when it comes to choosing a brokerage that is a fit for them, so it is important to invest in and grow the ... |
|
|
|
RELATED ARTICLES
Secrets of Making Money from Real Estate - Part 5 Where to from here:One property is great, but It wont make you very wealthy. Below is the expansionary model of what I think a good real estate portfolio should look like. How Can the Average Person Build Wealth in Real Estate? Books on real estate are a dime a dozen-and most focus on taking advantage of someone else's misfortune. They frequently describe lofty methods for buying and selling properties no ordinary citizen can be successful using. Reinventing Real Estate, Part 1: Online and Empowered Consumers Are Taking Charge and Paying Less For decades, the real estate world turned in a predictable manner. The roles of buyers, sellers and real estate professionals were fairly well defined and transactions followed a predictable path of yard signs, newspaper ads, open houses and miles of paperwork. Tax Assessment/Appraisal: How Do I Know What My Home is Worth? If you are in the home buying or selling market, it's important to understand the difference between tax assessment and appraisal value. Concentrate on the appraisal value because this determines your asking price. Home Owners: Disclose the Facts! One of the most common causes for disputes occurring after the sale of a home arise from the buyer finding defects in the property, defects which were not disclosed to him by the owner before the sale of the property. If you are the owner of a home that you are looking to sell, please be aware that you may be held liable for not disclosing any known defects in your home. Beat the Crowd when Investing in Real Estate We all are thinking about it and some of us are actually taking action and getting their hands on real estate investment properties. The longer the NY Stock Exchanges doesn't produce desirable returns the more people are starting with real estate investments. How to Make Money in Real Estate Without Doing the Scrunch Work If you don't have the time to invest working on fixers or if your tired of working on fixers to make money investing in real estate, try this method.Many real estate investors make thousands of dollars on brand new homes with little work. We Buy Houses Scams - How to Spot Them and How to Avoid Them There are many reasons why a home owner would want to sell a house fast. Job change, relocation, debt problems, divorce and inheritance are just a few. Destin Florida Triples In 3 Years Do you want to see something that is absolutely amazing? Let me show you what has happened in Destin, Florida over the last 3 years. Back in August of 2002, the median price of a home selling in Destin was $229,000. Back To The Future - Big Changes Are Coming, Get Ready Now The comments below are quoted from a recent speech by Ben Bernanke, a member of the Federal Reserve Board of Governors.. Loan Officer Training: Learn How To Shape Realtors Perceptions In medicine, a placebo is a pill that you think will make you better, and so it does. In your business, a placebo is a prospect having the experiences they expect to have, and so they have them. Land for Sale Think owning land would cost a fortune? Think again! While land prices on the extreme coasts motors upward, there are millions of parcels for sale throughout the USA that can fit into anyone's budget. There is probably a land deal that could make you a profit happening right under your nose right now. Be A Realtor With Curb Appeal Are you a realtor with curb appeal or are you more of a fixer-upper needful of updating?How you present yourself to colleagues, buyers and sellers, from the very first moment, will influence your sales records as well as the confidence and satisfaction your new clients feel. Even if you're a Realtor in demand, with more listings than hours in a week, you may well find areas that you can polish. Fantasy Gap [fast money in real estate] I was in the rental business for seven-years, made 1.3 million dollars the first five years, got ill, and had to get out of it slowly, but had the money to do it. The Best Way To Get Real Estate Listings The Real Estate Industry is HUGE and is a golden opportunity for real estate agents. National average home sales exceed $200,000. How Home Buyer Rebates Work In today's tight housing market, many buyers are looking for ways to stretch their dollars far enough to make that dream home a reality. One little-known strategy that's gaining popularity with consumers is the home buyer rebate. Selling Your Home - What Can Go Wrong With Pricing and Loans So, you're selling your home (house, townhouse, condo, apartment, land, lot, farm, ranch, etc.), what can go wrong? The sad fact is that a lot of things can go wrong. How to Price Your Property? A house properly priced is half sold. But there are plenty of ways to price it improperly. Vacation Homes Are Becoming A Reality For More Homeowners Whether it's a lakefront cottage or a log cabin in the woods, a vacation home often seems to be a dream that only the wealthy can afford. But these days, you don't have to be a millionaire to own one. Take A Shotgun Approach An effective real estate advertising strategy entails a 'shotgun' approach. A shotgun approach includes online internet ads, regular print ads in major real estate publications (AJC) of the property's location, as well as popular local area publications (Creative Loafing) and full use of real estate signs.
|
| home | site map |
| © 2006 TIGER MEDIA |