Nobody downloaded yet

Setting up a Real Estate Business in Washington the USA - Assignment Example

Comments (0) Cite this document
Summary
This paper "Setting up a Real Estate Business in Washington – the USA" focuses on the property prices in the USA observed steep decline during 2008 – 2009 because of economic recession. The property sector debacle resulted in up to 70% reduction in prices of property units.  …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Setting up a Real Estate Business in Washington the USA
Read TextPreview

Extract of sample "Setting up a Real Estate Business in Washington the USA"

Download file to see previous pages To offer top quality real estate services (documentation, sale or purchase assistance, leasing, mortgage, rental and consultation etc.) in an ethical manner and create long-term business relationships with valued clients.
The sole proprietor has chosen to target individual investors and genuine buyers (households), which demand real estate services such as consultation, purchase assistance and documentation for acquisition, leasing, rental and mortgage of low and medium cost residential and commercial property units. Indeed, the owner will first opt to establish relationships with property investors and potential customers after which it will enter in the high-level property sector. Obviously, a property broker or agent does not succeed in a market unless it has strong base and reputation in the marketplace.
The products to be offered are, of course, residential and commercial plots (including SBs - shops and buildings), apartments, flats, ready shops and leased business premises, houses, villas etc. The real estate agent will receive permission from actual sellers to offer their properties in a market after which estate services will be rendered. In between, the owner of an agency will also invest in some units to ensure additional income from sale – purchase of self-owned units.
The commission will be charged at the rate of 1 - 3% depending upon the nature of property, which includes its location, elevation, designing, interior, an interest of buyers, facilities and living environment in surrounding areas etc. Usually, the commission rate will be higher if an agent has to put extra efforts to bring interested parties on the negotiation table and persuade to reach consensus. Similarly, if many buyers are available for a single property unit, the broker may persuade a specific party (that will offer higher commission rate) to reach the agreement with the seller, thereby neglecting others for that unit.
The office will be located on a busy commercial street or residential area, so that maximum number of customers will be attracted.     ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Setting up a Real Estate Business in Washington the USA Assignment, n.d.)
Setting up a Real Estate Business in Washington the USA Assignment. Retrieved from https://studentshare.org/business/1742251-strategic-marketing
(Setting up a Real Estate Business in Washington the USA Assignment)
Setting up a Real Estate Business in Washington the USA Assignment. https://studentshare.org/business/1742251-strategic-marketing.
“Setting up a Real Estate Business in Washington the USA Assignment”, n.d. https://studentshare.org/business/1742251-strategic-marketing.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Setting up a Real Estate Business in Washington the USA

The Real Estate Business

...? The real e business The real e business Introduction In every business ventured into, there are legal actions taken into account. For one to enter into the business world market research is crucial, and this will help the business men or company to understand the restrictions, and processes to be followed in order to set the business. This will include knowing the financial analysis, competitors and the legal processes. Therefore, investment needs a lot of research and knowledge of the market. Discussions Real estate business is...
5 Pages(1250 words)Essay

Real Estate

...the Kuwaiti real estate sector, that industrial real estate translates to commercial real estate roughly, as this is the segment of the sector that is allotted to businesses. The investment segment, on the other hand, pertain to those properties that are allocated to being rented out to foreigners and other entities within the Kuwait society (Global Investment House KSCC). Moreover, taking the entire discussion in the context of the situation of the real estate availability in Kuwait, one sees that because of the government mandate to provide property/housing for all citizens of Kuwait,...
10 Pages(2500 words)Research Paper

Real Estate Business

...estates business is the Jones Lang LaSalle Global, according to this company's case study the real estate business is moving a step further by becoming global energy use sensitive and environmental friendly this is given as an example by the Empire State Building Constructed in New York whose design ensures that energy usage cost is minimized by about $4.4 million thus making it more manageable and sustainable on the other hand it reduces carbon emissions in the atmosphere by 38%. This company partnered with Clinton Climate initiative, the Johnson Controls and Rocky Mountain Institute to devise methods and come up with a set of...
14 Pages(3500 words)Essay

Real Estate

...in the last few years has highly increased the per capita GDP to a record high of US$28,147 in the year 2005 as compared with US$24,380 the year before (Marcus & Howard p 78). When Gulf Cooperation Council (GCC) countries are analyzed it can be said that that after Qatar, UAE has the highest per capita GDP. After looking forward, we anticipate economic growth to stay the same for both years 2006 as well as 2007. GDP is expected to grow by a good 14% for the year 2006 to reach AED553.4bn, whereas in real terms the economy is expected to achieve approximately 9.7%. Of a high growth rate UAE Real Estate: The UAE's property market sector wholly contributed to 7.4 percent of the...
8 Pages(2000 words)Essay

Real Estate

...Real E The real e industry has experienced significant changes in recent years and that the ways in which participants in the market establish business relationships and the aspects of the real estate transaction continue to grow and evolve. It is, hence, imperative for both the real estate broker and the individuals who want to buy properties to keep tabs on these changes and the movements of the industry as a whole. An understanding of the real estate dynamics, trends, techniques and practices is helpful in reaching specific real estate goals. This...
5 Pages(1250 words)Essay

Real Estate business

...Real Estate businessReal Estate business covers, wide variety of professionals, involves many different kinds of properties, each with its own characteristics and issues, and defines a huge segment of the economy with its own market forces. Real Estate transactions take place every where and consumers of real estate services include buyers and sellers of homes, tenants and landlords, investors and developers. In reality, appraisal, property management, financing, subdivision and development, are all separate businesses within the real...
8 Pages(2000 words)Essay

Real Estate

...from satisfactory to a seller and very satisfactory to buyers. According to the website, the current square foot price as of March 1st, 2009 was only $95 for homes in Charlotte. This had fallen to the current level from a high of nearly $185 in July 2008. (Real Time Market Profile for Charlotte). According to the above figures the value of my home would be as follows 95 X 1750 = $ 166,250 In such a scenario, it will be worthwhile to compare prices if one wants to buy a ready made house or construct one instead. A search with an agent also shows that prices are low. It shows that three bed room houses are available in the market for at only slightly higher price than what was seen in my valuation. Prices of two and three...
2 Pages(500 words)Essay

Real estate

...Ways That Real Property Is Transferred and the Procedures for Doing So Real e refers to land, buildings, houses andany other developments that may be connected to real property (Abts, 2002). Real estate is also known as real property, immovable property or realty. Legal ownership of real property rests with the owner of the legal documents of ownership such as the title deeds. Transferring property from one person to the other involves transferring the documents of ownership to the new owner (Abts, 2002). There are several rights of ownership that are recognized by law as far as real...
2 Pages(500 words)Essay

The Real Estate Business: the Differences Between the Real Estate Broker and Real Estate Sales Agent

...Introduction In 2009, the most recent U.S. real estate outlook revealed that the global economy would be worst as compared to the previous year (Esrig, Hoagland and Nottage). In line with the low revenue on real estate business, the weak labor condition throughout the United States significantly discourages more household from creating new residential demands. Although there are some families who could afford to purchase a new home, most of them choose to delay the process of moving into a new home for the reason that they may not be able to immediately sell their old house. One of the most difficult and most complex events in our lives is the process...
10 Pages(2500 words)Research Paper

Real Estate Transactions: Residential Real Estate

...community development process. New York, Praeger. HIGGINS, R. C. 1998. Analysis for financial management. Boston, Mass, Irwin/McGraw-Hill. LANDRY, C. 2003. Rethinking Adelaide: capturing imagination. Adelaide, Department of the Premier and Cabinet. http://www.thinkers.sa.gov.au/images/Landry_Report.pdf. MCLEAN, A. J., & ELDRED, G. W. 2003. Investing in real estate. Hoboken, N.J., Wiley. MILES, M. E., BERENS, G., & WEISS, M. A. 2000. Real estate development: principles and process. Washington, D.C., Urban Land Institute. POORVU, W. J. 1995. Financial analysis of real property investments. [Cambridge, Mass.], Harvard...
10 Pages(2500 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Setting up a Real Estate Business in Washington the USA for FREE!

Contact Us