Simonson Real Estate

JULY 10, 2020

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party).

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Before hiring a property management company, make sure a contract is in place that covers all of your expectations. Plan your budget and understand your mortgage payments. Keep These Critical Tips in Mind.

Property Management 147

Property Management Renovations Real Estate Investing 147

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

GoForrmz

DECEMBER 5, 2024

AR takes this a step further by enabling clients to visualize renovations or furniture placement within a property. Digital Forms: Streamlining Documentation Managing real estate transactions involves a significant amount of paperwork, from rental agreements to inspection forms and purchase contracts.

Real Estate 78

Real Estate Property Management Tools Clients 78

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. With rental properties, you can start making a steady income as soon as you buy a property and find a tenant.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Property Metrics

AUGUST 13, 2020

Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Interest Rate Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

McKissock

SEPTEMBER 28, 2020

For example, a group of investors might buy some apartments in Manhattan and renovate them. You can also reduce your taxable income when you deduct the purchasing and renovating costs of a property from its useful life. You also determine the amount for rent, the type of tenants you want, or how much you want to sell the property.

Investing 52

Investing Real Estate Investors Tenants 52

Raleigh Realty

MARCH 29, 2021

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Due diligence stretches from the time you sign a contract to closing. You'll need to do some renovations. With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. percent from 0.6

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. Instead, house purchases are conducted on the standard contract forms developed by TREC. While the average ROI of a flip was 51.4%

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Appraisal Today

NOVEMBER 3, 2023

The vast majority of complaints (but not all) stem from an appraisal that comes in below the contract price or the targeted refinance “number” where the homeowner, or even the buyer, identifies as part of a minority racial or ethnic group. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.57

Appraisal 58

Appraisal Contracts Architecture Mortgage 58

The Robert Weiler Company

OCTOBER 21, 2022

Improving your property before your commercial appraisal can increase the property’s value and attract higher-quality tenants or more buyers. Improving how your property looks, at first sight, is often a surefire way to attract better tenants or buyers; it can also increase your commercial real estate valuation.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Listing Spark

AUGUST 31, 2023

Related: Essential Real Estate Software for Investors to Improve Operations and Sales One of the most common buy-and-hold real estate strategies is to buy a residential property (whether it’s a single-family home or a multi-family property) and seek tenants who pay rent. It can also be hands-off if you use a property management company.

Real Estate 36

Real Estate Investors Investing Real Estate Agent 36

Raleigh Realty

JULY 12, 2022

Sometimes, you can negotiate for previous owners to cover repairs through contingencies in your offer contract. On the positive side, this means you’re free to make any renovations you’d like and you have complete freedom to make your condo your own. If you’ve already purchased the condo, however, you’re solely responsible.

HOA 60

HOA Landlords Mortgage Tenants 60

Listing Spark

JULY 2, 2024

Today’s unlicensed investors can easily access TREC contracts, learn how to manage transactions, and handle marketing. One of the most common buy-and-hold real estate strategies is to buy a residential property (whether a single-family home or a multi-family property) and seek tenants who pay rent.

Real Estate 36

Real Estate Investors Investing Real Estate Agent 36

Appraisal Today

JUNE 3, 2022

GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. Plus a short video on the renovation. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.33 Some of the topics: • USPAP issues. •

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Listing Spark

SEPTEMBER 27, 2023

You’re an advisor, a guide who manages the negotiations and technical contract elements of a real estate transaction while helping your clients steer their own buying and selling strategies. While that core objective remains the same, the methodology is changing wildly. Realtors provide insights for pricing strategies.

Realtors 36

Realtors Investing Real Estate Investors 36

Appraisal Buzz

JANUARY 16, 2025

Department of Housing and Urban Development (HUD) announced that it has given $97 million in grants to nonprofit groups to fund the construction or renovation of affordable multifamily housing and senior rental assistance. Tenants are free to select the services that best suit their needs.

Transportation 274

Transportation Development Tenants Construction 274