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General Article

Real Estate: Commercial Property and Office Rentals

When someone talks about “real estate” they are speaking about the industry as a whole, but you need to understand that though they are very similar, there are lots of different types of real estate. The most common piece of real estate is what you see every time you drive down your neighborhood or go to a friend or family member’s house, this is the part of real estate called “single family residences”. There are many different types we can talk about, but in this article we will only be discussing one type of real estate; commercial real estate and office leasing.

Commercial Real Estate

According to Wikipedia, commercial real estate denotes, “investment or income property) referring to buildings or land intended to generate a profit, either from capital gain or rental income.” These investment or income properties consist of any building which has 6 or more units from which the owner collects rent. This means that six-plexes, large apartment unit buildings, hotels, strip malls, and office space/mixed-use buildings are all commercial due to the amount of cashflow they bring in on a monthly basis. So, if an office building or mixed-used building is collecting rent every month, how does one calculate the office space rent?

There are many different calculators you can find on the internet to calculate office space rent.  Often people look at sites like http://sfofficespaces.com/how-to-calculate-office-space-rent-average-commercial-rental-rates/. But if you want to do it the old-fashioned way, or simply want to learn how to do it on your own before relying on the calculator, here are some of the equations used:

Renting Per Square Foot

Whether you’re renting or looking to rent to someone, the price will be set as a certain dollar amount, multiplied by the square footage of the space to be rented. For example, a 1,500 square foot office space, rented at $11 per square foot, would be calculated as 1,500 x 11 which would equal $16,500 per year. If you wanted to figure out how much this would be on a monthly basis, you would simply divide by 12 and get a monthly rate of $1,375.

Leasing by Percentage

This is a bit more confusing, but basically, you or your renter would be paying an additional percentage of the total business receipts. For example, if the business renting the office space makes $72,000 and the monthly rent of $1,375 is used as the example above, with an additional 3%, then the total rent would be $2,160 or  $1,375 + ($72,000 x .05) = $2,160

In conclusion, in this article we discussed some of the different types of commercial real estate available and why they are considered commercial. Any property that is above six units and that has a monthly cashflow is considered a commercial property. Whether you are renting out your own spaces to tenants or are about to become a tenant in a commercial office space, you need to know how your rent is or will be calculated before moving forward.…

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General Article

The Three Keys to Selling Your House Faster

Selling your house on your own is a very risky endeavor. There is no way you could possibly know about all the potential issues that could arise if you were to go at it alone. The local real estate agent has several decades of experience between them and their realty office, giving them the ability to identify issues long before they have the chance to stop the sale from going through. Your local realtor brings more to the table than you may realize. These are a few of the ways an Austin homes for sale agent can move your property faster.

The Key to Selling a House Faster

Selling your house faster is easy when you know what works and what doesn’t. If you keep raising your price or lowering it to chase the market, you could be scaring off buyers who think something is either going on or they want to wait to see how low you will go. Your listing agent understands that selecting the right listing price at the start will ensure that you get maximum traffic out of the gate. If your agent foes an analysis of the region and determines a price, trust they know what is best and this price will get your house sold faster.

Making Sure Documents are in Order

When selling a house, your side is responsible for making certain all the paperwork is in order. The days of being to utilize a one-page purchase agreement are gone, so you’ll need to be up on the laws pertaining to real estate or you risk losing more than the sale of the house. Your listing agent not only is up on all the latest in realty laws, but they also have a crew that works at the brokerage who are responsible for making certain this mountain of paperwork is dealt with accordingly.

How to Make Your House Stand Out

When you are trying to sell your house in a buyer’s market, you need every advantage possible or the house will simply get stale on the market. Your real estate agent knows that in order to reach the right audience, you need to appeal to their emotional side. Instead of focusing the listing on the number of rooms or how big an acreage the property, your listing agent is going to focus more on the local features. Creating the right buzz is all about highlighting the fact the house is a mile from the schools, in a gated community, or has several shopping centers close by.

By working closely with a local realtor, you’re going to be in the best position to attract the right buyers and get to closing more easily. While you are going to focus your efforts on packing and turning the page on this chapter of your life, your real estate agent is hard at work to make certain that the sales process moves along without issue and you get that check at closing.…

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General Article

What to Look for in a Realtor

If you are looking to buy or sell a property, you need to find the right realtor. You should never just choose the first person you find in an online search. Choosing the wrong realtor can make the process of buying or selling a property a lot more difficult than it has to be. Here’s what to look for in a realtor.

Experience

When looking for a realtor, pay attention to their experience. Find out how long they have been in the business and approximately how many clients they have helped in the past. You might find that some realtors may have been in business for years, but haven’t had a lot of experience with clients. You really need to utilize someone like a realtor from a company like Magnolia Realty San Antonio, TX. You will find that these Texas based realtors can really help you throughout the entire process of buying or selling a home in Texas.

Knowledge

Just because someone is a licensed realtor it doesn’t mean that they have the knowledge to help you. When talking to realtors you are interested in, really pay attention to what they have to say. Ask them questions about the real estate business so that you can determine how knowledgeable they are. You can ask them things that pertain to the market in your area or about properties similar to yours that they have helped clients with in the past.

Compensation

You don’t want to choose a realtor only to find that you can’t afford their services. They should be upfront about the compensation that they are expecting to receive. You should never be surprised with any undisclosed fees. Upon meeting with a realtor, they should let you know how much they expect to get paid and when they need to receive their payment.

Reviews

Always read reviews of realtors that you have talked to. You can find out a lot of information about them from others that have utilized their services. It’s not uncommon to really like a realtor, but then read reviews only to find that they probably aren’t the right fit for your situation. Pay close attention to any issues that past clients have had with them and what the realtor did to try to remedy the situation. Just remember that most likely not all reviews will be positive as a realtor won’t be the right fit for everyone. However, do pay attention to negative reviews that have the same issues as this is a telltale sign that a realtor may not be the right fit for you either.

In conclusion, choosing the right realtor is very important. You need to choose someone that has adequate experience, is upfront about their fees, has a reputation for dealing with clients in a positive way and is knowledgeable in the area of real estate and your particular market. By taking the time to really find the right realtor, you can make sure that your needs are taken care of in a timely manner.…

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Home Products & Services

Swimming in a New Vinyl Liner Pool in Bucks and Montgomery County as Cross Training for Runners

Homeowners may be somewhat tempted to schedule the construction of a New vinyl liner pool in Bucks and Montgomery County if they enjoy swimming and if they have kids who would love a backyard pool. Some hesitate, however, wondering whether they would get enough use out of this home improvement feature once the youngsters have grown up and moved out of the house.

One aspect to consider is whether any of the household residents routinely participate in athletic activities and are always striving to improve. Being able to swim regularly provides an opportunity for cross training. An example would be running, in which cross training with swimming provides significant advantages.

More Effective Breathing

It’s common to breathe in ways that aren’t entirely effective while running. That can make the person feel out of breath too soon and get tired out early.

However, while doing the crawl or breaststroke, there isn’t much choice in breathing technique. The swimmer’s face is in the water much of the time, so this person must have control over when to take breaths. Transferring that skill to running equals an easier time.

Stronger Muscles

Running addresses certain groups of muscles but ignores others. Performing a variety of swimming strokes focuses on muscles not used regularly. Gaining more arm strength is valuable for adding power and endurance to the stride while running.

A device known as a leg float or pull buoy keeps the legs afloat while the swimmer uses the arms to move around the pool. Another option involves wearing ankle floats.

It’s true that a person can build muscle strength by lifting weights, but doing so tends to have a bulk-up effect that doesn’t occur with swimming. Runners want to keep the body lean.

Lower Impact

Running obviously is a high-impact activity. Instead of doing additional impact activities such as jumping rope or playing tennis, going swimming can be beneficial. It takes some of the load off the ankle and knee joints and gives the feet a rest.

Greater Flexibility

Swimming in a pool installed by a company such as Sparklean Pools increases range of motion in the joints and muscles. That’s helpful for preventing injury while running or doing any other activity.…

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Real Estate

The Beginner’s Guide to Sales

The Nature of Reverse Mortgages

The terrible shape the economy has been in recent times is what led to most governments taking steps to assist its people. The real estate market was also touched, where there were more favorable terms introduced to make it easy to access property. This was also a measure to protect the real estate industry from collapse. These amendments gave rise to the concept of reverse mortgage for buying a house. This is how so many individuals have managed to access a piece of real estate in this economy.

Reverse mortgage is a guaranteed legislation that the government came up with which makes it possible for retirees and senior citizens to buy houses. This is how they skip the monthly payments that are present in all other mortgage packages. Since they have no monthly fixed income, they could not have afforded to make such payments anyway. They shall also enjoy the protection of the government from foreclosures pm their houses.

For you to access reverse mortgage, you need to be over 62 years old, and have met the specifications of the Housing and Urban Development for access that mortgage loan. You for one need to demonstrate that you shall manage paying for the remaining expenses needed for the home at closing, after you have been approved by the HUD. You are expected to occupy the house in two months’ time after closing. You shall access all the benefits and incentives that come with the loan only if you remain a resident in the property. If you wish to live elsewhere, you shall no longer access those benefits.

The new residence must be made your primary one if you are attempting to use reverse mortgage. A reverse mortgage ceases to exist the minute you convert that residence into a vacation home or rent it out. This type of mortgage helps you discover more benefits and less restrictions than other types out there.

You will also access more benefits with this type of mortgage. You are the one to access the funds form this loan, as per the method you selected, whether cash advance, whole payment, or lump sum. They have also made it tax-free, which is more advantageous for the retirees. They shall thus have a substantial avenue to improve their lives. such favorable terms come in handy when they are in their twilight years. They will have boosted the real estate market, while getting the best residence for their twilight years.

You can learn more about reverse mortgages online. The sites and blogs are there to help you decide on the matter.…

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Condos For Sale

The Basics Of Real Estate Sales: How To Sell A Home

Banks and other lenders today seem a bit gun-shy when it comes to giving out loans to potential homebuyers, so this can mean that your property is just sitting on the market. There are some steps you can take to attract more qualified buyers who can afford your home, but you’ll have to use the tips provided in this article to make it happen.

Commercial Real Estate

Regardless of whether you own office space, retail units or even an industrial property, find an experienced commercial property agent that personally specializes in your specific kind of property listing. Some examples include general office property, a retail location, restaurant, or coffee bar. An agent who has worked in the market for years will be more knowledgeable about the area and will make it easier to connect with possible buyers.

For Sale By Owner

Make sure you have ample time to devote to selling your house if you intend to do it on your own. Selling without the benefit of an agent is so rare that it has a special name in the real estate business: “For Sale By Owner.” FSBO is not impossible, but it does require a much greater time investment by the seller.

Foreclosed Homes

Instead of defining market value as what buyers are paying for similar homes in your zip code, think of it as what buyers are able and willing to pay. When determining selling price, be sure to make allowances for the availability of short sale and foreclosed homes. A house may be worth it, but only if prospective buyers are willing to pay the price.

Home For Sale

Staging your home for sale, especially if it is vacant, is a great way to get a higher asking price and to generate more interest in your home. Staging is when you have someone come in and arrange furniture, paint walls, and place accents that give your home a broad appeal and make it look nicer than it really is.

Property

To ignite a buying frenzy on your home, include a garden pond on your property. Many agents across the United States claim that not only is a pond a beautiful addition to a home but many buyers are stipulating that they will only view residences that have this feature included.

Property For Sale

Never list your home or property for sale, without thoroughly assessing your mortgage options for your next real estate purchase. This step is especially important if you are considering a move to a higher priced property or to an area with a higher cost of living. Carefully evaluate your financial resources and the changes that you may need to make, in order to afford a new, more expensive home.

Real Estate For Sale

While it may be a drain on your electric bill, go ahead and leave lights on during the showing of your personal real estate for sale, even if it is during a day time showing. A residence with the lights on seems more inviting and adds a “like home” feel to the household.

Real Estate Listings

When it comes to posting real estate listings on sites like Craigslist or even eBay, don’t cheat yourself by posting only one or two blurry or generic photos. Very few prospective buyers would be drawn to an online ad that offered only a bland description and included only one or two pictures of the front of the home. Spend the extra money to post additional pictures; it will be well worth the cost.

The thing about selling real estate is that you’re not marketing to just anyone; you’re only after people who really want your property. This means you need to follow these tips closely in order to attract the right type of buyers to your property. If you can do that, then you can move real estate.…

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General Article

Types of Real Estate You May Consider Purchasing

Real estate is a great way to make money. You can hold it long term and generate income or you can sell it right away and make a profit. There are various options out there, but you have to understand what you are purchasing in order for things to work in your favor. Real estate is one of the safest investments, because you will seldom take a loss and it will never be 100 percent unless you default on a loan. If you’re interested in real estate some of the types of property you can consider purchasing is residential, commercial, or land.

Residential Property

Residential property can include single family homes, townhouses, or apartment buildings. Depending on your reason for purchasing the real estate you may want to invest in either one of these types of residential properties. Your decision will mostly be based on the capital you have to put into the investment as well as your desired level of involvement. With a smaller budget you may look into a single-family home or even a duplex. Properties that won’t need a tremendous financial backing would be best. If you find that you can no longer afford to keep the residential property you can search we buy houses to get it sold. All the properties will need a certain amount of time and management efforts. You can hire a property management firm to look after your assets but if you’re willing to do it yourself that’s ok too.

Commercial Property

A commercial property will definitely need a facility management team to run it. Even if you decide to be an owner and manager you will need to at least hire a handy man. Commercial buildings include several tenants and they will constantly need maintenance. You will need a custodian to keep the property clean and keep the restrooms stocked with soap, paper towels and other supplies. Commercial properties require a lot more attention and a lot more capital than small residential buildings. Things will break down over time and you as the owner will be responsible for repairs and replacements.

Land

Owning a piece of land can be simple in comparison to either a residential or commercial property. The only thing land needs is upkeep. If you purchase land in a great location, you can have a great investment. You can hang on to it for years, and the tax on it will be minimal without any structures on it. One day it may be worth multiple times the amount you first purchased it for. You could also one day decide to build something on the property and potentially increase the value of the land.

Purchasing a property can be a tough decision. For an investment property it is a great idea to complete all of your homework first. You want to make sure you are investing in something that you can add value to and get a good return on your initial investment. The types of real estate you may consider purchasing include residential property, commercial property, and land.…