The author is the founder of www.EastLiving.com.sg . Having accumulated a wealth of experience in dealing with thousands of private home buyers and sellers, Stuart Chng and his team, has honed their real estate negotiation skills and a thorough understanding of the needs and psychology of home buyers. Sign up for EastLiving’s daily Singapore Property News at http://blog.eastliving.com.sg .
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2 Hot 4 Real Estate- Episode 1- Houses That Smell And Say Hello To Alice
Posted by james in Real Estate on November 12th, 2009
Contact Us:
239-206-4500
eo@2hot4realestate.com
This is the first episode of my new weekly show. I know it’s a bit rough. The sound will improve, so will the content and imagery.
“2 Hot 4 Real E…
Real Estate Appraisal â is That the Real One?
Posted by james in Real Estate on November 11th, 2009
The person who performs a real estate appraisal exercise is called the real estate appraiser or property valuation surveyor. The value as determined by real estate appraisal is the fair market value.
The real estate appraisal is done using various methods and the real estate appraisal values the property as different for difference purposes e.g. the real estate appraisal might assign 2 different values to the same property (Improved value and vacant value) and again the same/similar property might be assigned different values in a residential zone and a commercial zone.
However, the value assigned as a result of real estate appraisal might not be the value that a real estate investor would consider when evaluating the property for investment. In fact, a
real estate investor might completely ignore the value that comes out of real estate appraisal process.
A good real estate investor would evaluate the property on the basis of the developments going on in the region. So real estate appraisal as done by a real estate investor would come up with the value that the real estate investor can get out of the property by buying it at a low price and selling it at a much higher price (as in the present).
Similarly, real estate investor could do his own real estate appraisal for the expected value of the property in, say 2 years time or in 5 years time. Again, a real estate investor might conduct his real estate appraisal based on what value he/she can create by investing some amount of money in the property i.e. a real estate investor might decide on buying a dirty/scary kind of property (which no one likes) and get some minor repairs, painting etc done in order to increase the value of the property (the value that the real estate investor would get by selling it in the market).
So, here the meaning of real estate appraisal changes completely (and can be very different from the value that real estate appraiser would come out with if the real estate appraiser conducted a real estate appraisal exercise on the property).
A real estate investor will generally base his investment decision on this real estate appraisal that he does by himself (or gets done through someone). So, can we then term real estate appraisal as a really real âreal estate appraisalâ?
The Lies That Lead To War – Part 3 Of 4 – Cbc
Posted by james in Real Estate on October 30th, 2009
This is a piece by the show “The Fifth Estate” on the lies that led to the war on Iraq.
The Lies That Lead To War – Part 4 Of 4 – Cbc
Posted by james in Real Estate on October 25th, 2009
This is a piece by the show “The Fifth Estate” on the lies that led to the war on Iraq.
The Lies That Lead To War – Part 1 Of 4 – Cbc
Posted by james in Real Estate on October 24th, 2009
This is a piece by the show “The Fifth Estate” on the lies that led to the war on Iraq.
How Come That Very Few People Who Committed Fraud During The Real Estate Boom Never Got Prosecuted?
Posted by james in Real Estate on September 18th, 2009
Massive fraud were committed in the real estate industry during the boom, but very few went to jail. There were a lot of stories how real estate agents, brokers, lenders falsifies documents to get loans, etc. Overall, very few people got prosecuted and went to jail.
Why Is It That A Real Estate Mogul Never Becomes The Richest Man On Earth?
Posted by james in Real Estate on September 8th, 2009
real estate is always one of the MOST profitable business in town. During recessions real estate is doing bad, however otherwise, if you know how to do it, then it is very profitable. So why don’t we ever see a real estate mogul become the richest man?
How Does The Executor Of A Small Estate Cash In Stock That Belonged To The Deceased?
Posted by james in Real Estate on August 23rd, 2009
A friend is the executor of his fathers small estate and needs to cash in his deceased fathers stock. He called his lawyer who seems confused as to how to do it, but the lawyer says it must be done. My friend has all the paperwork – EIN, death certificates, etc. He has the stock certificate in hand. He lives in NY State. What is the best way for him to cash in the stock for money? Will he be charged a fee?
How Do You Get Your Real Estate License And How Can You Become Successful In That Profession?
Posted by james in Real Estate on August 15th, 2009
I have been interested in it for awhile – I worked at a law office for a couple years – would that help me get my foot in the door at a real estate company? Anyone have any advice or experience to share with me?