Real Estate

what do you understand by the word realty and which areas does it cover?

admin — Wed, 10 Mar 2010 19:10:50 +0000

i see a lot of companies calling themselves realty companies i want to know what kind of services they render and how do they operate,their organisational structure and examples of some very successful ones in the world

This question has gone six days without an answer.

In the United States, the word "realty" is commonly interchangable with the phrase "real estate". In fact, Webster’s Dictionary offers the definition of the noun "realty" as meaning "real estate". For all practical purposes, the terms are interchangable.

In the USA, a realty company facilitates the selling and buying of real estate by bringing together seller and buyer, and thereby earning a sales commission. The business is highly regulated in all fifty states with the manditory licensing ofreal estate agents and brokers.

Realty companies execute a listing contract with the sellers of real estate and then advertise the property for sale to the general public. Agents from competing companies can bring buyers to the table and the sales commissions are split in a fairly standard manner. Every realty company must have a licensed "Broker" of record who is ultimately responsible for the actions of the licensed realty agents who work for the firm.

One of the biggest realty companies in the USA is "Coldwell Banker". Prior to the 1970’s, the realty business in the USA was a regional, and many times neighborhood, business that was highly fragmented. The acquisition of successful smaller companies by even more successful larger companies over the years has led to the nationwide giants we now see. Coldwell Banker was a financial based business, acquired by the giant retailer Sears & Roebuck, that got into the realty business. Through aggressive acquisition, they managed to achieve the scale necessary to be able to make the most of national advertising and promotion. There are others that have done the same thing.

Internationally, realty companies strike deals to split commissions generated from the referrals generated when people are transfered due to work requirements.

All of the abovementioned information applies to residential realty, but the commercial realty business operates in a similar manner.

I hope this information helps.

Realtors, do you use online real estate advertising such as: realtor.com, homepages.com? Is it worth it?

admin — Wed, 10 Mar 2010 19:10:47 +0000

Theres a lot of online real estate advertising websites like homepages.com, housevalues.com/justlisted.com, realestate.com, etc. They charge a large fee and make you commit for a certain number of months. I wonder if it is worth paying the charges? Do you get a considerable amount of leads? Do you get your money’s worth? Is there anything that you think is missing from their service?

I pay for Realtor.com Showcase listings and have found I get a good number of responses from it (plus it makes the clients happy when they look for their listing). I actually get more response from craigslist and a similar local free classifieds site than realtor.com.

We live in hot Texas and want to move to Colorado. We don’t have much money. Is Realty Trac reputable ?

admin — Wed, 10 Mar 2010 19:10:34 +0000

We are interested in buying foreclosures, bank-owned, or any other cheap way to buy a house in Colorado. It seems like real estate is so expensive up there. My husband works for a home improvement corporation but doesn’t make much money. My salary is $9.50 per hour. We have no children. Maybe someone with real estate expertise can help us to buy or get a little bit of land in Colorado preferably around Colorado Springs or around the Western slope area.

We are based in Colorado Springs and buy distressed houses, bank owned properties and work with movitated sellers. There is a lot of opportunity here, especially now. Let me know how interested you really are and and I will point you in the right direction and answer any questions you may have.

JR
www.JRBuysHomesFast.com

Short sale….or Realestate sale…?

admin — Wed, 10 Mar 2010 19:10:14 +0000

We are looking at a house that is currently involved in a short sale. Our agent already told us the bank wouldn’t pay our costs and wouldn’t budge on the price. The house is for sale for $139,900 and we were thinking of offering $130,000. Is that to dramatic? That’s all we can afford. Or should we look for a house being sold by an agent and talk them down and ask for costs paid. The short sale house may take up to 3 months. And it’s as is, so we couldn’t get a home inspection. Mind you, the house was built in 1998. WHAT SHOULD I DO??

Why would you be offering lower than asking, if you’ve been told the "bank won’t budge" on price? PLUS, most foreclosures are sold "AS IS"…meaning you can have it inspected all you like, but they aren’t gonna fix anything…if you have no disposable income to spend on home repairs at this time, I would NOT be looking at foreclosures.
My husband and I bought one in 2002..and the market value has increased on it by over $100,000 since…however, we are at the beach, on a golf course, and the house was in pretty good shape for a foreclosure. We have spent the last 5 years though, making improvements as we can afford to.
Talk to your lender…consult with a GOOD real estate agent..and be sure you UNDERSTAND anything you’re signing…The lender, realtors, ALL have to disclose to you all the material facts….
PLEASE…be careful…by LESS than what you think you can afford (NEVER go to your top-end unless you are comfortable with higher mortgage payments)…and TAKE YOUR TIME deciding…DO NOT let anyone rush you into making a decision.

when is this economy going to straiten up?

admin — Wed, 10 Mar 2010 19:10:10 +0000

realestate /construction home repairs all down any ideas on the turn around

Well, there are several reasons. The main factor behind the cause is the increased cost of energy. And that is partly due to us invading Iraq and having a tense situation with Iran. Iran supplies a large portion of oil, any conflict with them could lead to them cutting off oil and raising energy prices significantly. When energy prices rise, that raises the price to transport all of our goods and manufacture them. That also raises the cost of people powering, heating, and cooling their homes and to drive to work. So people have less money to spend on goods because they are spending it on energy. Also since transport costs go up due to the energy cost increase, after so long companies raises their product prices to counter the increased transport cost. Only a few will hike prices at first due to trying to remain competitive, but once the first few do then it is easier for the rest to follow and hike prices. This causes inflation. To combat inflation, the federal reserve hikes interest rates to get people to stop spending so much and start saving money instead. However, when interest rates get hiked, less people buy houses, redecorate their homes, buy cars, etc because the price of the loan will cost much more due to the increased interest rate. When people buy less the law of supply vs demand takes affect and prices start going back down or quit going higher.

The other problem that figures into the equation is that financing lately has made it easier for many people to build new homes compared to buying pre-exhisting homes. So when the economy is going good people can build the new homes that weren’t able to afford a home before. However many of those people when the economy was good would sell their home after a year or two and build another new home. The problem is that too many new homes are being built. And the people that already own a home now can hardly get rid of their pre-exhisting home to buy another one because it’s easier to finance a newly built house compared to an old one. So what happens is because people can’t sell their old house, prices start falling. Also, due to tax increases and such many of the new houses get foreclosed on. And people that are selling their house have to compete against foreclosed house prices, especially in a new neighborhood.

So energy prices need to go down. I don’t think that will happen till we get Bush out of office and get someone that will actually negotiate with Iran. And we need to get house builders to build less houses and quit saturating the housing market with new houses. So we have at least a 2-3 more years of having to deal with this.

One Percent Realty

admin — Wed, 10 Mar 2010 00:32:14 +0000

Olsen on your side story on One Percent Realty in Vancouver Canada

Duration : 0:3:1

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TROPIC REAL ESTATE Costa Rica- Luxury Home for Sale

admin — Wed, 10 Mar 2010 00:32:13 +0000

http://www.tropic-realestate.com Costa Rica – Tropical Paradise. Luxury house for sale…….Costa Rica, extraordinary place to live, superb place for retirement……Welcome to Costa Rica…a country of exuberant tropical splendor. A nation of peace and great democratic tradition. Come and experience the best of life!

We are a proven resource for Real Estate in Costa Rica. Our expertise covers a wide real estate collection in ideal locations for living, retiring or investing in Costa Rica. Our real estate inventory features a special assortment of: Costa Rica beach properties, upscale residential homes for sale, condos, investment real estate, farms, mountain properties and vacation rentals…
www.tropic-realestate.com

Duration : 0:5:55

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1 GLENDORA CT, HENDERSON, NV 89052

admin — Wed, 10 Mar 2010 00:32:12 +0000

Homes for Sale – http://www.realestate.com – For additional information about 1 GLENDORA CT or to schedule an appointment to see this home, please call toll free 866-285-3226. You can also view more details about this Single Family Home for sale in HENDERSON, NV 89052 and find additional real estate listings on RealEstate.com. MLS #: 1017472 For More Details, visit: http://www.realestate.com/NV/Henderson/30297594-1-GLENDORA-CT-Henderson-NV-89052-1017472-home-for-sale.aspx

Duration : 0:1:25

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How to Pick Up Women – Real !! – PART 1 – Reality TV has nothing on this !

admin — Wed, 10 Mar 2010 00:32:10 +0000

Finally, the much anticipated Prequel to the ever popular YouTube Video ” How to Pick Up Women – REAL !! ” Find out how this all started and visit all the players as they are put through this exercise which looks a lot easier to do than it is … Reality TV eat your heart out with this one !

Duration : 0:9:58

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Real Estate Investing Fundamentals, Show Me How Videos

admin — Wed, 10 Mar 2010 00:32:09 +0000

Real Estate Investing Fundamentals

Investor and Wealth Building Video Series

In this video you will learn
•Proven techniques for investing in Real Estate
•How to locate deals on properties
•Learn about foreclosures, REO’s and tax sales
•The benefits of 1031 Tax Exchanges
•Working with tenants and leases
•Managing your properties
•How to limit your liabilities and risks
•Several experts give you industry knowledge
•Actual links to free foreclosure websites
•Links to free pre-foreclosure websites
•Links to free REO websites
•Download files on the DVD to assist you
•Go into an actual investment property
•Flipping properties
•Learn about some of the financing options to you so you can retire early

Learn from several experienced real estate investors. Your will receive their advice on how to get started and take the fear out of this rewarding venture. These investors will give you real world experience including the pros and cons on investing. You will hear from veteran investors so you may develop your own investing philosophy. The free links provided in this video are some of the same ones you may pay hundreds of dollars for on pay per foreclosure websites.

Now with low interest rates and high foreclosures this is the perfect time to purchase investment properties. This how to DVD will show you some of the methods the rich get richer and how to get into the real estate investing market. 1031 Tax exchanges are one method that investor increase their net worth and defer their tax liability.

This video will educate you how to protect your real estate investments and insider knowledge on how to manage the properties and the rental tenants. This video is not a quick rich video, but rather a real life approach to understanding some of the tools that experience real estate investors use every day in working in the housing market.

Our experts include; Audrey Richter-Realtor, Investor, Tom Harner-Investor Coach, Lender, Herb Chisholm-Property Manager, Stephen Showalter-Investor, Diane Rivera-1031 Tax Exchange Expert, Cheryl Moses-Property Manager, Marilyn Gelsie- Investor, Lender and Dave Born-Realtor and Investor.
For the complete video visit www.showmehowvideos.com

Duration : 0:2:34

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