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Virtual Real Estate Tour When a potential home buyer can't get out
right away to tour a listing, savvy real estate agents hold an open house on the
potential buyer's computer screen called a virtual real estate tour.http://www.realtourvision.com/downloads/virtual-real-estate-tour.pdf.
A virtual real estate tour is not just a cool gimmick real estate agents use to
show off their technological prowess. Consumers demand a virtual real estate
tour. Seventy-eight percent of those who shop for homes on the Internet say the
most important feature when searching online is quality photos -- followed
closely by detailed property descriptions and a virtual real estate tour,
according to the 2003 National Association of Realtors Profile of Home Buyers
and Sellers. What's more, those who demand a virtual real estate tour are more
likely to be smarter, wealthier consumers in their prime home-buying years,
compared to those who don't take a virtual real estate tour. On a typical day,
more then 2 million people are using the Internet to go on a virtual real estate
tour, according to the Pew Internet & American Life Project. Virtual real
estate tour, however, are among some of the most common tours taken. The survey
said those who take a virtual real estate tour were more often single, white,
women, aged 28 to 49, earning $50,000 a year or more, graduate degree holders
and broadband access subscribers. It's a particularly common tool in the
high-end market, where the best are professionally produced in living color,
often with voice-overs as if the real estate agent is along for the virtual real
estate tour. Putting a home's unique feature in its best light with a virtual
real estate tour and leaving the The real estate industry is an industry in which many of you will have to make some choices about how you will compete in the future.http://www.isc.hbs.edu/Porter_Strategy_Real_Estate1.pdf. The questions are how do you think about the question of strategy for your business and how do you do that in a constructive way. The first question has to do with what’s going on in the industry itself. Industries differ dramatically in their profit potential and their profit potential changes over time. You have to understand this because there is something about the game in which you are playing that is going to determine how successful you are going to be. There are some games that are good to play in and some games that are not good games to play in. When I talk about the word industry, there is going to be a tendency for the people in this room to think of real estate. You’ve got to understand how attractive the industries are in which you are competing and you have to understand how they are likely to change over time. The presentation’s analysis of the emerging changes in real estate proved to correspond well with actual events, and the same principles remain important today. Others of you are in brokerage or other areas of the business, but once again, I think that the development business is driving a lot of the economics that is facing these other businesses within the real estate sector. The question in the real estate development industry is what has been the nature of the industry historically and how has it been changing? In particular, the companies that were professional and had a little bit of real expertise did alright. So what I think you’ve had in the real The City of Fredericksburg has just performed a general reassessment of all real property, residential and commercial, in which each property is assessed at 100% of the estimated fair market value as of July 1, 2007.http://www.fredericksburgva.gov/commissioner_revenue/Real_Estate_FAQ_Tax_Assessments.pdf. Real estate assessment values may increase or decrease due to a variety of reasons including changes in economic conditions, structural changes, land divisions, and re-zonings. The real estate tax is based on the July 1 assessed value and a real estate tax rate determined annually by the City of Fredericksburg City Council. Many homeowners pay City of Fredericksburg real estate tax as part of their monthly mortgage payment. Homeowners whose monthly mortgage payments do not include escrow for real estate taxes, and those who no longer have a mortgage, pay their real estate taxes directly to the City. City real estate taxes are billed on the fiscal year beginning July 1 and ending June 30. The appraisal firm performs a market analysis and sales study to determine what the actual fair market of real estate is at the time of assessment. 3. Why must real estate be taxed at fair market value? The Virginia Code requires that real estate be assessed at fair market value. The Virginia Department of Taxation annually conducts a sales ratio study in the City to determine the relationship between assessed value of real estate in the City and what property has actually sold for during the past year. Appraisals can have a variety of purposes, e.g. mortgage loan, sale, home equity loan, and estate valuations. The Code of Virginia requires real estate assessments to represent fair market value. Real estate may be February 10, 2006 When using real estate to draw analogies with domain name values one needs to distinguish between commercial and residential property.http://www.domainmart.com/news/Domain_Name_Real_Estate_Analogy_Slippery.pdf. The former presents a better analogy for a domain name that is suitable for commerce, while the latter is superior when considering domain names for personal use. In commercial real estate markets values are primarily driven by occupancy rates and lease prices, say, per square foot. Thus, given an estimate of these two quantities for a given property, its market value can be easily quantified. Moreover, if the ongoing lease rate is $30 per square foot, no rational tenant will pay $50 per square foot for a comparable property. Furthermore, even when the property is undeveloped, but is within a commercial zoning designation, value is still primarily driven by the cash flows the property is expected to generate. Nevertheless, different potential buyers may value it differently because of their different projections of the revenue, construction cost estimates, and risk. Thus, value is easily quantifiable for developed as well as undeveloped commercial real estate. On the other hand, although value estimates of residential real estate are also driven by sales of comparable property, a buyer’s assessment of value is much more subjective, as there are no cash flows to estimate. Moreover, although, in principal, one can use residential lease rates to infer property value, these two rates are often out of whack. Thus, the frequently made statement that the market “price is what the buyer is willing to pay” can be appropriate only for residential real estate with unquantifiable Traditional real estate brokers perform a useful consumer service in facilitating the purchase and sale of houses and land.http://www.consumerfed.org/pdfs/Real_Estate_Cartel_Study061906.pdf. Moreover, they have established a “system” that is very convenient for home buyers and sellers. Unfortunately, these traditional brokers also act as a price-setting cartel that maximizes their opportunities to charge a “fixed” commission of either 6% or 7%, depending on the local real estate market. This report explains how consumers are disadvantaged by the current “system,” why the system serves the interests of traditional brokers, what reforms are necessary, and what consumers can do to protect themselves. It is based on information from dozens of real estate professionals and from hundreds of articles in journals, real estate publications, and the general press. At that time, virtually all traditional brokers offered their services for either a 6% or 7% commission, depending on the prevailing “target rate” in their local real estate market. Today, faced with more critical stories in the press, federal agency scrutiny, and home sellers who think broker compensation is excessive, traditional brokers are struggling to maintain targeted commission rates and the opportunity to collect this entire commission by serving as the sole broker in the sale of a home. In an effort to resolve this dilemma, traditional brokers used their huge influence with state real estate commissions and legislatures to weaken the legal concept of broker representation to the point where they now can frequently serve as “dual agents” collecting an entire commission but representing the financial interests Pocket Real Estate and Mobile Crossing, Inc.http://www.mobilecrossing.com/manuals/Pocket_Real_Estate_Edition.pdf. have teamed up to offer real estate professionals a better way to manage their time and business. The WayPoint TM Pocket Real Estate Edition is a GPS vehicle navigation system that includes Pocket Real Estate software built-in and ready to go when you turn it on. Once your MLS listings are copied onto the WayPoint, you can search these listings, display MLS information, and best of all--get turn-by-turn directions with speech. Not only is this highly recommended for realtors, we recommend it to all professional members of your board. WayPoint Pocket Real Estate Edition allows you to access MLS listings and has vehicle navigation all-in-one. You will have access to all the MLS listing information you need on the Waypoint 200 PDA, in addition to your client's information. And it has the ability to route from one property to another while you are giving your client the full neighborhood tour. Best of all, the WayPoint Pocket Real Estate Edition fits in your pocket and is ready anytime you or your client has a question! WayPoint Pocket Real Estate Edition includes built-in mortgage, loan, home equity, loan balance, rent-vs.-own analysis, and loan amortization calculators. The new QuickSearch function can locate properties by MLS number or address. The WayPoint Pocket Real Estate Edition includes the entire US map based on Navteq map and millions of Point of Interests. The WayPoint Pocket Real Estate Edition is a full function Pocket PC PDA as well. The WayPoint Pocket Real Estate Edition can also be used for hiking, boating or golfing with third party software. If you are a nstrohbusch@swtc..edu Southwest Wisconsin Technical College is an equal opportunity public education institution and is in full compliance with state and federal equal opportunity and affirmative action laws and regulations. Fennimore, Wisconsin 538091800 Bronson Boulevard Southwest Wisconsin Technical College REAL ESTATE LICENSING INFORMATION Wisconsin law stipulates that a person may not act as a real estate broker or salesperson without first obtaining a license issued by the Department of Regulation and Licensing. Each applicant must first complete the educational requirements and then pass an examination that tests the applicant's competency to act as a salesperson or broker in a manner that protects the interest of the public. Real Estate Salesperson applicants must complete a 140-question exam. The time allotted for the salesperson exam is four hours. Real Estate Broker applicants must complete a 135-question exam. The time allotted for the broker exam is 3.25 hours. Responses from real estate professionals were analyzed to determine the nature and scope of tasks they perform and the knowledge and skills needed to perform them. Real Estate Law is designed to prepare students to practice real estate in Wisconsin. Upon completion of this course students are eligible to take the Real Estate Salesperson exam offered through the Department of Regulation and Licensing. Completion of Real Estate Law is a prerequisite for this course. Broker Management is designed to prepare Real Estate salespeople to become real estate brokers in Wisconsin. Mike was born and raised in Portland and earned a degree in History from the University.http://www.oregon.gov/REA/docs/Real_Estate_Board_Member_Bios.pdf. He has been licensed by the Oregon Real Estate Agency since 1969, receiving a Designated Brokers license in 1976. He currently holds the designations of CIPS (Certified International Property Specialist) and GRI (Graduate of the Realtor Institute.) Mike has held broker and owner positions with multiple real estate companies since 1975. He has been a member of the Real Estate Board since 2001 and has served as chairman since 2004. He has been in the real estate industry since 1980. Art is a graduate of the University of Oregon and held many careers before real estate. He became licensed in real estate in 1990, and has worked for Coldwell Banker and American West Properties. Art is also active in the local real estate association board and is the current President of the Oregon Association of Realtors®. Bob is a native Oregonian and grew up in a real estate family. He has been a licensed real estate broker in Oregon for over 30 years. She was employed by a local bank before becoming licensed as a real estate agent in 1980, primarily selling residential real estate. Maxine is an experienced commercial real estate broker and has been involved in the major growth of the commercial industry of Bend. She was appointed as a member of the Oregon Real Estate Board by Governor Kitzhaber in 1999. John holds a Bachelor of Science degree in math at Southern Oregon University and was appointed to the Oregon Real Estate Board in 1998. By understanding geography and people's relationship to location, we can make informed decisions about the way we live on our planet.http://www.esri.com/library/bestpractices/real-estate.pdf. A geographic information system (GIS) is a technological tool for comprehending geography and making intelligent decisions. GIS organizes geographic data so that a person reading a map can select data necessary for a specifi c project or task. A thematic map has a table of contents that allows the reader to add layers of information to a basemap of real-world locations. With an ability to combine a variety of datasets in an infi nite number of ways, GIS is a useful tool for nearly every fi eld of knowledge from archaeology to zoology. From identifying the best fi t for new commercial development or matching a homebuyer's decision criteria to managing a property portfolio, ESRI GIS delivers the answers needed to make the best choice in real estate. Since the information contained on these maps must be used for making key fi nancial decisions for the railroad, it is necessary to disseminate this information widely throughout the Real Estate Department and the company as a whole. These issues are compounded by the fact that there are 32,000 real property valuation maps in the railroad archives. The company has more than $2.5 billion in assets with its real estate portfolio comprising more than 200 owned and managed shopping centers in 18 states. Commercial real estate company needed a better way to target market to potential retailers for new shopping center developments. Principally engaged in the ownership, development, acquisition, and management of commercial and residential real estate Most financial planners would agree that real estate has been a sound investment over the years.http://www.spp.waterloo.il.us/giftsrealestate.pdf. While there have been wide regional variations and dramatic ups and downs — such as the steep declines during the late ’80s to mid ’90s — real estate in many parts of the country has regained strength. Before looking at creative ways in which both you and charity can benefit from the part-nership, consider the real estate you may own: a personal residence, vacation home, farmland, rental or investment property, office building, undeveloped land, inherited property, etc. If you sell the real estate, will you incur a significant capital gains tax? When you make an outright gift of real estate, you can claim an income tax deduction for its current full value (reduced by any mort-gage debt), subject to your deduction limits. Finally, the donated property is removed from your estate, thus bypassing any potential federal estate tax. Gift with a Retained Life Estate Under a life estate arrangement, you retain the right to live in or use the property for the remainder of your lifetime. By con-tributing undivided portions in different years until all of the real estate is donated, you can make full use of annual limits on the charitable deduction. Gifts of Real Estate — U NLOCKING THE FINANCIAL BENEFITS GOR015 You may transfer your real estate to us through your will or trust simply by designating the property as a bequest. Gifts of real estate also can be made through trusts that pay an income for life or a term of years. By funding a CRT with real estate, the donor can possibly avoid or post-pone capital gains tax The Director of Real Estate is the executive overseeing Peet’s new store development and remodeling program.http://www.peets.com/company/director_real_estate.pdf. Their primary responsibility is to deliver the Company’s new store period plan each month/year. They will use the same extraordinary selectivity Peet’s utilizes to source their coffees and teas to scrutinize and find sites of uncompromising quality. They will help ensure Peet’s new stores are delivered on time, within budget and physically embody our quality differentiation in the marketplace. The Director of Real Estate builds relationships externally with brokers, real estate developers and contractors in a professional manner which ensures the Peet’s brand experience is the Gold Standard. They will conduct market planning and analysis to ensure Peet’s maximizes return on capital and customer convenience. Responsibilities: Overseeing, motivating and directing the functional areas of Development including Real Estate and Design departments ensuring on-time and on-budget results Developing, planning and leading the company’s development strategy and function in support of Peet’s objectives The identification and acquisition of sites to achieve the business units’ growth plans Meeting Development and Design initiatives Monitoring the progress of projects in development as well as the evolution of new prototypes; contributing to Peet’s design review committee to optimize store design standards Traveling to review prospective market sites to assure compliance with prototype requirements Participating in ‘development check-up’ process to determine progress against plan Tracking and providing reports to senior This Direction of Investment (DOI) form provides all the information necessary to complete the sale of real estate.http://www.trustetc.com/forms/real-estate-sale-doi.pdf. This request is necessary before the real estate can be removed from the IRA. Equity Trust Company does not prepare or alter any documents. Please refer to a title company or 3rd party vendor for document preparation. Contact your First Class Service Team at either their direct 877 # or our main # 440-323-5491 between the hours of 8:30 a.m. and 7:00 p.m. eastern time, Monday through Friday. *If you would like your Equity Trust Company account to be updated with the information you listed above, please check this box? Expedited processing requests will generally be completed in 1 Business Day unless corrections are required. Normal investment processing will be completed in approximately 3 Business Days unless correc-tions are required. FOR EXPEDITED PROCESSING: Direction of Investment and supporting documentation must be received by 10 am Eastern time. If the investment requires any corrections, they must be received by 12 noon Eastern time. REAL ESTATE INFORMATION FULL SALE OF REAL ESTATE If you choose this option, this asset will be removed from your account and a cash outstand- ing asset for this investment will be posted in your account until the funds are received. PARTIAL SALE OF REAL ESTATE If you choose this option, only the value of the asset will be adjusted. 13) Custodian shall only be responsible to comply with those investment direc - tions given by the undersigned to purchase, retain and /or sell assets obtainable by Custodian “over-the-counter” or on a recognized exchange or otherwise, Help wanted: A single point of access to real estate portfolio information Defining integrated workplace management solutions Implementation challenges Integrated real estate portfolio management: The time is right About the authors By applying the same level of fiduciary analysis to corporate real estate, this “fourth” asset class, as they apply to their cash, stocks and bonds—and by adopting an integrated, technology-supported practice innovation strategy for managing those assets—financial services firms can achieve the kinds of dramatic cost One way to achieve this is by using practice improvements to drive more effective management of real estate holdings.http://www.bearingpoint.com/Documents/StaticFiles/c3812_corp_real_estate.pdf. BearingPoint has identified an integrated systems strategy that enhances usage of real estate properties and improves the return on those assets in a way that dramatically reduces costs and increases overall corporate earnings. Introduction: The importance of corporate real estate BearingPoint believes that using practice innovation to improve management of the corporate real estate (CRE) portfolio is an overlooked but extremely promising way to increase earnings. Help wanted: A single point of access to real estate portfolio information The typical financial services firm today possesses a multitude of point solutions to manage its real estate holdings. Indeed, one of the key issues in the Enron scandal—which was a major impetus for passing Sarbanes-Oxley—was the improper reporting of real estate transactions and holdings. In either case, however, the comprehensive view of all data pertaining to the acquisition, management and divesture of real estate that The real estate practice of WilmerHale spans the industry, from institutional debt and equity, development projects and real estate capital management to corporate real estate services and foreign investment.http://www.wilmerhale.com/files/upload/WH_brand_real_estate.pdf. With significant experience not only in real estate, but also in tax, litigation and environmental matters, our lawyers serve institutional investors, developers, financiers, operators and tenants of all types of real estate throughout the United States and across the globe. INSTITUTIONAL DEBT AND EQUITY Our clients include pension funds and advisors, life insurance companies, real estate investment trusts and other institutional investors. We structure equity investments through limited liability companies, co-investment partnerships, public and private REITs and joint venture arrangements. Our lawyers have represented the country’s leading pension advisors in billions of dollars of equity and debt investment in all real estate product types. We represent developers of all types of real estate projects. We assist them with entity creation, tax and securities structuring and the identification, acquisition, sale and financing of real estate assets of all types. Our corporate clients—from start-ups to market leaders in a wide variety of industries—rely on us for all of their real estate needs. We coordinate our efforts with a network of brokers, contractors, engineers and design professionals to provide complete real estate solutions. The globalization of real estate has opened up many opportunities to represent foreign investors, including offshore institutions, investment funds and high net worth individuals 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 14 | 15 | | ||
