...Introduction The Michigan real estate market is highly competitive. Greater marketing and professionalism is now a requirement in the real estate industry, as is the service provided to procure a successful sale and or purchase. As in the real estate industry, service delivery is complicated by the presence of the customer at the point of service production. The customer contact employee must accommodate uncertainty and variability introduced by the customer, which in the real estate industry is vital to being successful. Problem Statement Greater marketing and professionalism is now a requirement in the real estate industry, as is the service provided to procure a successful sale and or purchase. As in the real estate industry, service delivery is complicated by the presence of the customer at the point of service production. The customer contact employee must accommodate uncertainty and variability introduced by the customer, which in the real estate industry is vital to being successful. An understanding and appreciation of consumption and the consumer in real estate services is arguably more important than ever if providers of real estate services are to rise to the competitive pressures building in the sector. Real estate, as with all service businesses, need to focus on the quality of service as it is becoming an increasingly important differentiator between competing businesses and in many industries, such as real estate, it is often the only core differentiator...
Words: 3144 - Pages: 13
...The real estate industry is a great industry: With the proper know how, effort, and mentorship you can become financially free. Real estate usually involves investing in homes, offices, or other land or buildings. For example, a real estate investor might choose to buy a house at a particular location. If he thinks it is in a market where property values will rise in the near future he'll probably consider his buy valuable. Of course only time can tell if a property is as valuable as originally anticipated. Real estate training courses generally teach strategies for buying and selling properties, purchasing cash flow notes, foreclosures, or buying properties for no money down. Many innocent business opportunists are confident that these programs will work because everybody knows that "real estate is the real deal money maker!" So...
Words: 551 - Pages: 3
...Computational Methods Real Estate Investment Industry: (project no) Authors :( 3:3:3) Application of Computational Methods Real Estate Investment Industry Abstract The paper studies the computation methods applied in real estate brokerage industry, Real estate development is a commercial activity involving taking the take the future of an area and trying to shape it needs of future generations and the ambition to make it successful merchandise in the real estate marketplace and thus it is a risky market venture. The paper, therefore, seeks to link the use explicitly of mathematical computation methods used in real estate to how they help manage sales of recently constructed assets. The cost of construction is estimated by the internal area info included in the contract records and from available gross construction cost rates. The most commonly adopted approaches are the binomial models, Black and Scholes and Monte Carol stimulation form the basis of the paper. The motivation for this project is set out more clearly and the computation study methods used in the real estate brokerage industry. Keywords Real estate, Monte Carlo simulations, interpolation, forecasting, Binomial models and Black and Scholes models Introduction Real estate business is the production plant of our cities that converts unproductive land to town space used for various activities by different people. Real estate development shapes the...
Words: 2089 - Pages: 9
...Selling real estate is hard work. While from the outside it might look like a simple matter of matching a person, couple or family with their perfect home, there's more that goes into being an agent. If you're willing to hustle, though, you are not limited to the amount of money you can make as an agent. This is appealing to many people who want to be compensated for the amount of work that they do. Tasks for a Real Estate Agent If you thought a real estate agent did nothing except show houses, you might be surprised to learn all that they do. What does a real estate agent do during a given day? If they are selling a home to a buyer, they must meet with the client and determine their wish list. While many clients have a concrete list of wants and needs, others might not be as decisive. A real estate agent is often called on to be a mind reader to determine the perfect home for the client....
Words: 525 - Pages: 3
...here. Definitely it has a good content. Thank you for imparting more of your own thoughts. Good job! Meanwhile I want to add another useful resource for this great post: Find Villas in Dubai to get a house of your dream 4. This is a good post. This post gives truly quality information. I’m definitely going to look into it. Really very useful tips are provided here. Thank you so much. Keep up the good works.... Meanwhile I want to add another useful resource for this great post: Find Villas in Dubai to get a house of your dream 5. I just found your blog on the Google search engine and read a few of your other posts that you had done. I just added you to my Google News Reader. Keep up the great work. I will look forward to reading more from you again. Meanwhile I want to add another useful resource for this great post: Find Villas in Dubai to get a house of your dream Descriptions Search property in UAE to find villas in Dubai for rent as well as in sale price. Elysian is an experienced real estate to get information about property in Dubai. Elysian Real Estate assists you in purchasing or renting Dubai Villas. We can help you in searching property according to your desire to find a dream home. 1. Search property to...
Words: 663 - Pages: 3
...A. Real Estate Industry (World & Philippine) Real estate refers to land, as well as any physical property or improvements affixed to the land, including houses, buildings, landscaping, fencing, wells, etc. Vacant land and residential lots, plus the houses, outbuildings, decks, trees sewers and fixtures within the boundaries of the property are examples of real estate. There are a variety of ways to invest in real estate, ranging from real estate investment trusts (REITs) to buying rental property or multi-family housing. For investors turned off by the idea of fixing plumbing and dealing with tenants, REITs offer the opportunity to participate directly in the ownership or financing of real estate projects. REITs are tradable interest (much like a share of stock) in a pool of real estate-related assets. REITs own, and often operate, income-producing real estate such as office buildings, apartments, shopping centers, warehouses and hotels. Many REITs specialize in one property type, such as offices, apartments or regional shopping malls. Most investors buy REITs for their rich dividends, although those dividends are usually fully taxable. Keep in mind, though, that each real estate sector is affected by different economic cycles. Larger, diversified, or geographically dispersed REITs are less exposed to regional weakness and major economic cycles. On the other hand, smaller, more specialized REITs often provide the greatest growth potential. In addition to having real value...
Words: 1888 - Pages: 8
...Table Rather Than Shorter 3 Real Estate Depreciation 4 Works Cited………………………………………………………………………………………………………………………………….……….5 Excel Spreadsheet Showing Table and Work. Advantages of Lease Vs. Buy The decision to lease or buy equipment or real estate is very important one. One of the most obvious draw backs to leasing versus buying is that, at the end of the lease, the organization does not own the equipment or real estate. The primary advantage to leasing is that it conserves cash for other business operations. Additionally, leasing allows the organization to expense some of the maintanence costs and provides superior tax benefits. Leasing allows for the organization to more efficiently keep up with technology advantages. In reference to real estate, the lease offers the option to change locations if necessary. Moreover, many of the maintenance costs fall on the owner and not the leaser. (Park, 2011) Advantages of Using a Longer Time Table Rather Than Shorter Particularly with real estate investments, a longer period than the four years used in this scenario might prove to be more accurate. While the real estate market is not particularly good now, a change in that area might make the initial investment actually have returns. The cyclical nature of this particular market may contribute to a more favorable outcome in the lease versus buy examination. (Genesove, 2007) (Ghanbari Parsa, 2009) Real Estate Depreciation While real estate is generally concidered a...
Words: 409 - Pages: 2
...SCHOOL OF URBAN & REGIONAL PLANNING SURP 841: Real Estate Decision Making Fall 2011 COURSE OUTLINE Instructor: Office: E-mail: Telephone: John S. Andrew, Ph.D., M CIP, RPP Robert Sutherland Hall, Room 525 john.andrew@queensu.ca 613-533-6000 ext. 75756 Session Time: Mondays, 11:30 am - 2:20 pm Session Room: Robert Sutherland Hall, Room 554 Overview of the Course The course is an introduction to the concepts, principles and analytical methods involved in making the broad variety of key investment decisions regarding commercial real estate. It is designed to supplement, rather than replace SURP 844: Real Estate Project Planning. Therefore, the emphasis of this course is on commercial real estate investment rather than development. However, some elements of the latter will inevitably be addressed. The focus will be on fullyoperational income-generating properties, primarily large in scale. The main asset types of office, industrial, retail and multi-unit residential will be discussed (and possibly a few more specialized types). Another emphasis of the course will be on the micro level – the evaluation of the investment merits of individual properties (or at least individual transactions). Less attention will be paid to the macro level i.e. portfolio management. To the extent possible, the course content (including readings, cases and assignments) will be Canadian (although it is recognized that real estate investment is increasingly a global endeavor). This is primarily...
Words: 2545 - Pages: 11
...Organizational Structure and Roles | “All the world's a stage And all the men and women are merely players They have their exits and their entrances And one man in his time plays many parts” – by William Shakespeare | | | | | 06-May-12 | Contents Title 3 Executive Summary 3 Introduction 3 Roles 3 Attitudes and relationship of Attitudes with Roles 3 Organizational Structures 3 Organizational Structures Effect on Roles and Attitudes 3 Mechanistic Structure 3 Organic Structure 3 Moderate Mechanistic and Organic Structure 3 Phases of innovation, Mechanic versus Organics 3 Case study, Sunshine Real Estate 3 Sunshine Real Estate organizational design 3 Sunshine Real Estate organizational culture 3 Implications of Sunshine Real Estate’s three structural properties on employee role perception and attitudes 3 Work Specialization 3 Centralization 3 Formalization 3 Conclusion 3 References 3 APPENDIX 3 A: Organizational Structure Elements and Types of Structures 3 B:Elements Associated with Roles and Attitudes 3 C: Survey Analysis 3 Title The project attempts to explore the relationship between organizational structure, roles and attitudes under distinct corporate structural conditions. Executive Summary Organizational design in a sense is similar to the structure of bones in human body. It is a skeleton or framework upon which organizations are built and maintained. Organizations in creating organizational designs...
Words: 8879 - Pages: 36
...applying themselves to their work which is highly prescriptive and presumably rational. Because of this, human systems experience high levels of inefficiency as emotions, personality, and unconscious impulses interfere with the objectivity and logical processes at work. This study emphasizes on understanding how real estate agents performance is influenced by their emotional behavior or psychological range. The things that realtors consider rewarding to them are likely a reflection or connection of their emotional behavior. Bossidy and Charan (2002) pointed out...
Words: 835 - Pages: 4
...notes and issues The Full Spectrum of Real Estate Risk Analysis1 by Gary P. Taylor, MAI, SRA, and William E. Endsley he full spectrum of real estate risk analysis begins with the traditional banking infrastructures needed to fund property development and economic growth. The spectrum extends to the newer securitization products and property rating systems being developed to accelerate growth in mature economies. This spectrum also includes developing economies, economies in crisis, and economies in transition. Without a plan to spread rational and transparent capital development to every area of the world, economic uncertainty and threats to security will spread instead. Most importantly, the real estate spectrum includes a diverse group of citizens, governments, civil societies, and corporations that share power, often in inequitable ways. This paper looks at the role of the independent real estate valuer in examining the current distribution of the wavelengths that make up the continuum of real estate and capital markets. It examines the strands that make up this spectrum and offers suggestions for strengthening these individual strands and thereby amplifying the whole. Independent, ethical, and informed real estate valuers must analyze the full spectrum of real estate risks to protect the assets of a global public and help ensure an equitable sharing of economic power in the future. Spectrum Analyzers “Common spectrum analyzer measurements include frequency, power...
Words: 4276 - Pages: 18
...A TERM PAPER ONReal Estate Financing | | A TERM PAPER ONReal Estate Financing | | Contents Real Estate Sector in India 2 Role of Government in Real Estate Financing 3 What is a REIT? 3 REIT in India 4 Impact of Government Measures on Real Estate Financing 5 Why would Real Estate Finance work in India 7 Affordable Housing: 7 Smart City Investment Opportunity: 8 Smaller Tier 2 and Tier 3 Cities Offering Immense Growth Potentials: 8 Tier 2 and tier 3 cities have been offering far more real estate projects leading to a pan India growth. Some of the biggest real estate companies are focusing on smaller centers offering investment opportunities galore. With real estate prices in the metropolitan cities getting stagnant to an extent, expect for projects located the new industrial corridors the smaller centers are offering a great opportunity for both investors and real estate manufacturing companies 8 Tax Exemption 8 Available Space 9 The South Asian country has top quality office space of about 350 million square feet across its six biggest cit0ies, according to Jones Lang LaSalle Inc. Of this, about 100 million square feet are potentially available for REIT listings, which could be valued at as much as $9 billion, the broker estimates.The combined debt of India’s six largest developers climbed to a record 394 billion rupees in the 12 months through March 31, more than double the 158.8 billion rupees in 2007, according to data compiled by...
Words: 6782 - Pages: 28
...Subject: Investment in real estate in New York City and factors Topic: Factors that influence investment in real estates in New York City Question: What are factors that provide the foreign investors to invest their money to real estate in New York City? Thesis: Diversification, big amount of money, exchange rate and quality of life are factors that influence foreigners to invest in real estate in New York City Abstract: With the economic crisis in the U.S., Americans are worried about investing in real estate while foreign investors feel the U.S. real estate market is very enthusiastic especially in New York City. According to an annual survey taken by the Association of Foreign Investors in Real Estate (AFIRE), the U.S. rose to the top of the real estate market world. AFIRE members hold more than $627 billion of global real estate, including $265 billion in the U.S. About 72 percent of the respondents planned to invest more money in the United States in 2011. Based on the foreign investors in real estate in the U.S., the research evaluated the factors that influence the foreign investment in U.S. real estate. Outline of the Paper 1. Introduction 2. Foreign Investors Taxation 3. When to Invest in Real Estate 4. Factors that Influence Investing in Real Estate in New York City * Big Amount of Money * Diversification * Exchange Rate * Quality of Life 5. Conclusion 6. List of References Introduction When the economy goes down...
Words: 1815 - Pages: 8
...| Course Design Guide School of Business FIN/467 Version 3 Real Estate Investment | Copyright © 2009, 2006, 2005, 2004 by University of Phoenix. All rights reserved. Course Description This course explores the techniques of real estate investment analysis, including financing, taxes, and decision-making criteria in today's real estate investment environment. Facilitator Information Susan Didriksen sfitchca@email.phoenix.edu (University of Phoenix) sfitch@yahoo.com (Personal) 530-864-5859 (PST) Facilitator Availability I am available 7am-10pm everyday except Saturday or Sunday, Pacific time. For emergencies, when you are not able to gain access to messages on the Online Learning System (OLS), please send a message to my personal email address. In the event a third party needs to contact me, please direct them to my contact information listed under "facilitator information." No third party should use your login credentials to gain access to the classroom. If these times are not convenient for you, please let me know. I will be happy to accommodate your schedule, if possible. I provide you with these times to make it easier to communicate with me, and not to limit our contact. I want you to know that, should you need to contact me outside these time frames, you should not hesitate to do so. For emergencies, when you are not able to gain access to messages on the Online Learning System (OLS), please send a message to my personal email address. In the event a third party...
Words: 2625 - Pages: 11
...developed countries, and has used event study method to focus on earnings announcements and share prices of all 29 real estate companies listed in Shanghai A-share market from 31 July 2012 to 30 Jun 2013. The event date was selected on the day when earnings for the year 2012 were announced. The method for calculating normal performance of shares was market model. The result of study showed that there was no significant reaction of share prices to earnings announcement containing good news in event window during [-30, -1] and [-1, +1], except 6 days before announcement day, 1 day before announcement day, and there was a significant reaction of share prices of real estate sector in Shanghai A-share market to earnings announcements containing good news in event window during [+1, +30]. For earnings announcements containing bad news, according to event study, we found no significant reaction of share prices of real estate sector in Shanghai A-share market in the event window between [-30, -1], [-1, +1] and [+1, +30], except 18 days and 7 days before earnings announcement day, 9 days, 21 days and 30 days after earnings announcement day. And we reached the conclusion that the real estate sector in Shanghai A-share does not conform to semi-strong form market efficiency. Key words: earnings announcement, share price, efficient market hypothesis, event studies, Chinese real estate market 1 Directory Directory .......................................................................
Words: 6457 - Pages: 26
