Real Estate Resale Value - What To Consider
Real Estate Resale Value - What To Consider
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The approval to build: The reason that land is developed is so that it can generate more income. Land that is used for farming brings in much less than land that has an office building or townhouses on it. When you change the zoning or take a piece of land through the approval process, it becomes more valuable simply because you now have the ability to build and create more income from the land.
Yes, your profit will be a product of your debt servicing and acquisition costs so seeking the best rate you can get is important. I would suggest, however, working with a lender who understands you and your project is just as critical.
This is particularly so regarding building plots and land and more recently towards agricultural land. With prices of development land being so expensive and with the planning laws allowing the development of a single house just about everywhere, the public's interest has been diverted with an increasing volume towards agricultural land, where prices have shown increases real estate in Marbella. excess of 30% - 50% over the last year alone.
Ask what steps the real estate development. provider has taken to ensure a high level of quality of service and that you don't experience any interruptions. You don't need to have a lot of technical jargon or knowledge to find out whether a call capture provider is serious about providing a quality and reliable service. However, a couple of words you should look for are redundant systems and back ups. These will make sure that your service doesn't go down if they have problems with the hardware and equipment that run their systems. Don't be afraid to ask them what their uptime is.
Sugarloaf Foreclosures - The latest Foreclosure la concha marbella report shows 9 Sugarloaf homes that were given "notices of foreclosure" for the January 6th auction. Yes, there are a couple of well-known names on that list. This level of foreclosures is significantly higher than the 2-3 per month that we have seen throughout the year. In addition there are major builders of new homes in real estate company or service. Sugarloaf that had construction loans foreclosed upon by their banks. In 2008, there have been over 40 properties that have been given notices of foreclosure. There are currently 23 properties that are in some active form of foreclosure (from pre-foreclosure to bank-owned status).
To better clarify this, I can influence an appraiser to appraise a $200,000 property for as much as $225,000 or as little as $175,000. That's a pretty big swing. And in a tight deal that can cut into your profit margin substantially. I tell my appraisers not to give me any fluff, or what they think is happening in the market place. As Sergeant Joe Friday from the show "Dragnet" always said, "Just the facts ma'am." So if the seller or savvy wholesaler gives you the appraisal, just keep in mind it could also be just another marketing brochure to sell the deal.
Do you know of an agent or a company in your marketplace or a neighboring marketplace that "owns" a segment of the market? Perhaps, it is a specific golf community, a luxury high rise, the downtown area or the waterfront area. Their name is synonymous with that niche.
Remember, real estate leads aren't guarantees, they're opportunities. And your lead generation company is the one offering you the opportunity. It may take 2 months to close a lead. It may take 2 years. Either way, examine your methods before you blame someone else for you failure if you're not converting your real estate leads. Just remember that someone else is closing all the real estate leads you ignore!