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Posts Tagged ‘Real Estate’

How to Take Advantage of a Cooling Property Market

Thursday, August 19th, 2010

If you’ve kept an eye on the property market recently, you’ll notice that the market is cooling a little. Price growth has stagnated, auction clearance rates are slipping, and the average ‘days on market’ is increasing.

Here are a few ideas that will hopefully help you make accurate and profitable decisions in the coming months.

1. Do Your Research:
At times like this, you need to make sure that every asset you have is performing. Instead of taking the property developer’s advice at face value, challenge them and ask them to show you an investment analysis showing the returns, the overall cost, the projections etc. If they can’t do that, they don’t know enough about your personal needs to recommend an investment for you.

2. Buy Good Quality Assets:
Your research will show you where the best performing areas are so don’t just buy what they buy. To get the best results, you need to do an in-depth cost analysis to see if the property meets your goals – look at vacancy rates for the area, yields, total cost of ownership, tax deductions, depreciation allowances – and see what the property really costs you to own. If you don’t have the expertise to do that yourself, ask your accountant, a financial advisor or myself to show you how it all works. It’s not as simple as it looks.

3. Don’t Listen To Your Neighbour:
Invariably, the people who give you the most property advice are those that don’t own property. Before taking any recommendations from anyone, especially neighbours and best friends, ask them how many properties they own, how much money they’ve made from them and who they get their advice from.
Based on that information, you can then decide whether their advice is worthwhile or not.

In a cooling market, opportunities don’t dry up but in fact can become more abundant. So take advantage of the good times ahead for buyers and make the right choice by following some of these tips.

Commercial Real Estate

Thursday, June 3rd, 2010

Have you ever met a person that’s not opened to listening to something that anybody else has to say? The form of particular person that everybody calls a know it all. I work with such a person and coping with him can be a great challenge. It doesn’t matter what you might be speaking about he knows extra about the subject than you do. It does not pay to argue with one of these individual; primarily I simply ignore him as a lot as potential so that I do not need to hearken to his speech about totally different topics.

Last 12 months my husband and I decided that we were going to start a business. We grew to become sellers for an environmental products
company. We reside in a small house with out a substantial amount of storage so we determined to hire a space to run the enterprise out of. I was talking about this at work and said that we were going to contact a business actual estate agent to see if there was some rental property that we might lease. My co-worker instantly reduce in and said that we didn’t have to go through a industrial real estate particular person as a result of we had been involved in a house based mostly business so the property that we used for our provides did not have to be zoned commercial. I attempted to tell him that we simply wished to insure that we were doing everything above board considering we had been so new to business. It grew to become adamant about how silly this was to contain ourselves with a commercial real property agent. I didn’t know why he was getting so bent out of practice contemplating it had nothing to do with him. I just dropped the topic and would not reply any additional questions he had about our business.

Once we contacted the actual estate company we had been completely satisfied that we did. We dwell in a resort and lakes space so the zoning legal guidelines are fairly strict relating to what is residential and what’s commercial. We are not anticipating an excessive amount of site visitors as a result of our enterprise because the products we promote are supposed to be presented in an individual’s home. We explained to the realtor that we had been most concerned with a space that may very well be used for storage and then if the business grew we may open a store entrance for some of the consumable merchandise which might be included in the merchandise we handle. We ended up renting a portion of the building that the realty workplace was in. They did not utilize the storage space. This was a fantastic set up for us as a result of there were always a lot of brokers round so we knew our products would be secure, also realtors are one of many shopper groups we needed to focus on with our products. To this point our business goes well. I hope that earlier than long I will be able to stop my job and do the enterprise full time. I will not Mr. know it all in the workplace after I quit

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