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Thankfully, technology will continue to play a pivotal role in not only advancing access and tools but also streamlining real estate processes and improving customer experiences. Tools leveraging AI provide data-driven insights, helping agents and propertymanagers forecast property values, rental demand, and market fluctuations.
Having a keen sense of these factors off the bat helps property or land buyers determine the predicted economic atmosphere within the coming years. For first time buyers, hiring a propertymanager is recommended. It takes work in the beginning to find the right person to manage your commercial investment property.
AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. MLS is an extensive database of properties on the market.
The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. Mortgage rates are expected to rise, but still remain attractive and reasonable.
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible, physically possible, financially feasible, and maximally productive. Order doesnt matter for the first two tests, but its essential for the last two.
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