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Real Estate Mad
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Real Estate Mad

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Something that people often don't give enough thought to: what makes a good real estate agent?
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Great Article! 
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Real Estate Mad

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Interesting. Do you see a future for these micro-apartments in your city?
 
Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise


It’s all about one-bite appetizers and shot-size cocktails these days, and now it looks like less is more in the living department as well. 300-square-foot apartments offer a frugal living space, but student housing developer Patrick Kennedy seems confident that those who crave city life above everything else will embrace the micro-apartment concept he is proposing.

His company, Panoramic Interests, has 13 mixed-use infill projects in the Berkeley area, and for the last 10 years it has been one of the largest landlords for UC Berkeley students. The company has partnered up with Zeta Communities for this particular project.

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Real Estate Mad

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Aesthetics are nothing - an objective, dispassionate view is everything in investing in real estate.
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Combine St. John's, NL strong economy with an eye for hidden real estate potential - a winning combination. 
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Real Estate Mad

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It's not always easy working with partners - but they can also add expertise to your business, making it run smoother and reduce costs... if its done well.
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Interesting Article worth reading
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Real Estate Mad

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You live in a neighbourhood - and as we explain, increasing your house value does not begin and end at your property boundary.
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There is no right or wrong way, get results the landlord deserve the outcome.
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Have them in circles
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Real Estate Mad

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Robert De Niro has vertigo?
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Hmmmmm
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Real Estate Mad

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Are your sales goals good enough?

OK - here's the awful truth in the form of some compelling reading. If you don't have an eye on the trends in your industry, then you're playing sales catch up. It's not a matter of reading the tea leaves either - keeping a finger on the pulse is what is required. Read on!
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Thoughts anyone?

#realestate   #property   #realtors   #investment  
 
Why rising real estate prices are not on everyone's wish list

I read a lot of real estate related material - articles, blogs, research and reports - and all seem to have this underlying assumption that I have a hard time with. 

Most cheer when prices of real estate go up and seem to want to jump off the nearest precipice when they drop. I don't understand this, especially from professionals in the industry.

Sure, there are people who want the value of their home to rise so that they can sell it, pay off the mortgage and maybe have a little to spare. But most people who own real estate are not in that position - especially real estate agents, brokers and other industry professionals and investors.

Real estate industry professionals - you're first

If you make a living selling or leasing real estate, you'd have to be nuts to want prices to rise. If you look at increased prices and you see dollar signs because of higher commissions, then you need to get better at your job. 

Lower prices mean that buyers are out there and will sign on the dotted line to secure a property. The problem is that you need to get better at your job - get listings in an environment where prices are generally lower. Sure, low inventory is an issue, but get creative. If you sit in your office and await a property owner to walk through the door to sign you up as a listing agent you're dreaming. Same applies to waiting for the phone to ring.

Get out there and talk to people - honestly. Don't promise the world, be an honest real estate professional and you'll be surprised at the reputation you get around the place. It's a good thing. If the going is tough, get creative - that doesn't mean get gimmicky either, get real.

Real estate investors - you're next

So you're a real estate investor, that's great - but if you are and you rely on prices to go up to make money you're in the wrong game. Seriously. If your business and income is reliant on asset appreciation, you're in trouble. You're essentially gambling, because capital gains are not something that you can control.

So your real estate investment business plan has to include some cash flow properties so earn that all important income. Honestly, if you have structure your property well enough, then property values should almost be irrelevant.

So please forget the fascination with real estate values - they are largely a subjective figment of the valuer's imagination anyway. Concentrate on making your business independent from fickle market fluctuations.

This post was intended as a rant only, but became something that I'd been meaning to post about on Real Estate Mad for some time.
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Property prices post a gain

This is Australian data - where the global financial upheavals have had little impact on the economy apart from easing of growth and minor falls in property prices. Despite some jitters about the potential for an easing in the mining sector (a major source of economic growth in Australia), property prices have posted a modest rise. 
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Here's the best (and shortest) article I've read to date about the upcoming 'confidential' IPO that +Trulia is preparing for. It is the logical next step for the startup, and I wish them better success than Facebook's disastrous attempt.
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Have them in circles
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Introduction
We're bunch of real estate professionals and enthusiasts who like to share helpful tips, data and other information to like minded readers.

Edited by Jonathan Squire, the site draws on personal experience and research to produce great quality commentary on subjects that matter to those who love real estate investing.