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Who Controls the Real Estate Process?

Let’s narrow that definition down a bit by taking a look at the components. Real Estate markets usually segment into commercial, industrial, new home construction, residential resale, leasing, vacation destinations and time share. These broad categories identify specific market segments with each having a unique group of participants. Conceptually, when we talk about the real estate market in the broadest sense, it includes all of these and other uniquely identifiable business models that support and enable the process.
Parallel business models that take part in the process are: Mortgage & Financing, Title and Escrow services and a broad category of additional providers called Ancillary Services. Ancillary Services include: homeowner insurance products, flood insurance, tax certification, home owners warranty (HOW), legal services and documentation, home improvement and repair, painting, heating and air conditioning (HVAC) landscaping, appliances, property and mechanical inspection, municipal utility districts (MUDS), home owners associations, notice to the public – I’m running out of breath. You get the idea. Improved real estate is a complex animal, and there are many participants that comprise the process by which real estate is bought, sold, financed, transferred and ultimately occupied.
In looking for the “who” or “what” that exercises control of the industry; we should consider the role of government regulatory or quasi-governmental entities. Fannie Mae and Freddie Mack were created to stimulate and control the flow of mortgage financing dollars and to provide stability within the mortgage industry. Oops! Ginny Mae guarantees the timely repayment to the investor on loans that it guarantees. These guarantees are provided through Mortgage Backed Securities (MBS) or pools of loans that contain VA and FHA originated mortgages. The Department of Housing and Urban Development (HUD) provides regulatory oversight, and the Treasury provides an occasional bail out. This group of entities is introduced because they have certain powers and influence over technical, legal and procedural aspects of the industry. They do not control the “how” things are done within the process. The private sector determines “how” things are done.
Any control or “ownership” of this market then will exist within the private sector. Identifying the “who” (forgive me Dr. Seuss) can be done intuitively. The components of the broad real estate industry fit more or less into four primary areas. Let’s call them:
1. New Construction
· Commercial
· Industrial
· Single Family Residential
· Multifamily
· Pre-fabricated Structures
2. Resale
· Existing Buildings
· Existing Homes
· Other
3. Mortgage and Financing
· Construction Financing
· Mortgage Financing
· Refinancing
4. Title, Escrow and Ancillary Services
· Title Insurance Companies
· Title Insurance and Escrow Agents
· Legal and Documentation
· Recordation or Registration
· All Ancillary Services
These four categories are industries or business models within the real estate game. The major companies that operate within these categories would have insight and knowledge as to how to connect the dots and to accomplish the transaction. Each of them, in turn, exercises certain control or influence over their part of the process. There are multiple large players in each of these arenas, and they compete aggressively. There exists no such thing as an industry accepted solution that defines “how” the component business models integrate, but there should be. The level of redundancies and inefficiencies keep the process paper bound, disparate and errors are often time consuming to correct. The labor intensity of the process alone makes it more expensive and requires more management. A seamlessly integrated solution can change all that, and as a byproduct can achieve what others cannot – a commoditization of the real estate market.
The terms “transaction coordination,” “transaction facilitation,” and “transaction integration” were coined along with an effort to streamline and to integrate this process. This was an ill fated attempt to gain some level of control over the process. Working to gain an edge, each player offers partial solutions toward an industry standard. These solutions are often tied to their specific software architecture with bridges that invite their customers and agents to participate. They are not comprehensive, do not reach a large enough cross section of the market, and they do not provide an acceptable global solution.
Homebuilders are focused on competing with other home builders; realtors compete with other realtors; mortgage lenders compete with other mortgage lenders and competition is intense between the title and escrow providers. Should one player come up with a solution that improves the process, they would want it to be proprietary. Competitors would be reluctant to adopt it, and would not constitute a solution.
Fannie, Freddie, Ginny, HUD and any governmental entity has a different mission. A concept age visionary will be the one to combine the attributes that provide a more global solution, and in the doing of it, ownership of the thread and commoditization of real estate can be created. The right platform will benefit all participants. The idea is to facilitate the process to the level that its use will be natural, almost viral. By not using it, you are opting out. Soft Sell has the concept, vision, and the knowledge to create this platform.
With the right development partner, this platform and solution can be brought to market in real time. As the real estate and financial markets make a sustained recovery, Soft Sells solution would be in place to provide the structure for revolutionary change. As a side note, Fannie, Freddie and virtually every large bank has a portfolio of short sales and foreclosures that will continue to grow. It will be several years before these are recycled. Soft Sell would be an ideal platform for managing these assets through the process.…

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What Are the Secrets of Door Knocking in Real Estate Investing?

Door knocking for real estate investors is either an experience akin to a severe sunburn or a primary source of deals. The difference between investors’ sentiments about door knocking is the ones who hate it aren’t doing it properly or at all, and the ones who love it do it regularly. Learning a few basic secrets of this time-honored prospecting technique can be very profitable.
Door knocking is the actual process of going into a targeted neighborhood and one-by-one knocking on each resident’s door. Not only should the neighborhood be targeted for the type and price home you want to purchase, the homeowners can be targeted by finding out beforehand if they are in pre-foreclosure, divorce, bankruptcy or any other situation that would make them motivated sellers.
With a little pre-planning and basic development of a “script” of what to say to each type of targeted homeowner, this method of prospecting can be an investor’s most cost-effective and efficient format. I recommend that the door-knocker be dressed for success. This means no sloppy jeans and casual shirt, but preferably a logoed short with your company name and a neat and tidy appearance. You’ll only have 10 – 20 seconds to get out enough of a tickler sentence to get the seller’s attention so practicing what you will say is very important.
Most successful investors who use this method, will hire door-knockers to pre-screen the perspective sellers for them. The targeted prospects are kept for the investor training the crew, as these are much higher probability prospects. College and mature high school students are viable candidates for this job.
When a homeowner answers the door, the following strategies should be used:
1. Always take at least one step back to give the person answering the door a comfort zone.
2. Make sure you stick to your script! As an example, for people in foreclosure you might say, “Mr. Homeowner, I saw in the public record that your bank is trying to take your home and I wanted to see if we could help.”
3. If the person answering the door says they have it taken care of, just explain that you understand and that you will continue to follow their progress in the public record.
4. Give them a handout, even if it is a one page flyer, which explains what you do and why they should work with you. Short sales are always popular for foreclosure victims if they understand the process. Your brochure should convey these important benefits to them. Even if they don’t answer the door, you should leave your flyer.
5. Follow-up on the prospect’s progress, including going back to door knock if the property isn’t sold at auction or otherwise disposed of.
If you are invited into a property, always be careful. Use good judgment as one deal is not worth your life. Door knocking can work equally well in upper income neighborhoods as long as you don’t have to contend with gated or guarded communities. You should not be alone when you door knock for safety reasons.
In summary, door knocking can be humiliating or wonderful depending on your results. Never be intimidated or argue with rude people, it is not worth your time. Door knocking is possibly the single best source of getting deals quickly and at little or no cost. You’ll need persistence and fortitude to make it happen but the more you become experienced, the better and more effective your knocking will become.…

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Six Brickwork Patterns For Your Patio

Interested in making a brick patio? Standard 4 by 8 bricks can create a wide variety of patterns if you know where to start. Before you try any of these, make sure you plan out the size and pattern of your patio completely on paper to avoid an error that may cost you quite a bit of working time to fix.
Stack Board
Stack board is by far the simplest brickwork pattern out there. Simply line up your bricks at the edge of your patio and lay them down one next to the other. Put a brick on top of each brick, trying to keep them even, until you reach the far side. You’ll end up with a pattern that looks like simple columns of brick. Unfortunately, since bricks are not generally perfectly formed, this pattern will probably look awkward in a few places and should only be used with a great deal of caution.
Running Bond
When people think of a brick wall, the pattern that comes to mind is generally called a running bond. In this pattern, you lay one row of bricks side by side and then lay the next row exactly half a brick inward. The ends that will end up sticking out can be filled with half bricks cut from a wet saw. Running bond is one of the simplest and most popular brick patterns out there because it looks good with almost any style and color of brick and can be formed easily and without much fuss.
Running Bond Variation
For this variation on the running bond theme, you should start in the center of your patio by placing two bricks side by side. Take bricks and make a square around your center two, and continue outward doing the same thing. What you will end up with is a running bond pattern that circles outward to the edge of your patio. This is a great way to get a beautiful and complicated look for a square patio area without a lot of planning.
Basket Weave
Creating a basket weave pattern out of bricks is as simple to lay as the stack board style with a beautiful finish that makes the patio look great. Go ahead and make columns of bricks, only instead of allowing each brick to face the same direction lay two horizontal, then two vertical until you’ve filled up the column. Now repeat the pattern throughout your patio, alternating the brick position to create a checkerboard look.
Basket Weave Variation
This variation on the basket weave pattern creates a much more complex design. Create a rectangle of two horizontal bricks with a vertical brick next to them. Alternate the placement of the vertical brick to create a column, and follow it with a standard two brick column, then another three brick set to create the pattern.
Herringbone
A herringbone can end up looking quite beautiful, but you do need to be careful when laying it to avoid errors. To make the herringbone pattern, you are creating a zigzag of bricks laid like a flipped “L” shape. Start in one corner and work down, and then work out from the corner you started. You’ll need half bricks available to fill out the edges, which should end up looking like reverse “L” shapes turned inward toward the center of the patio with a spacer half in between each one, with two half bricks on the bottom right corner. This pattern is complicated, so try it on something non-permanent first.…

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Epoxy Flooring – The Most Widely Used Product Worldwide

Among these various selections is the ever sturdy epoxy flooring. This popular flooring is often found in many modern type businesses in today’s society.

The average consumer will be pleasantly surprised to find that the epoxy resins can be used in various different ways. This includes adhesive bonding, as well as in areas where fiber plastic materials are used. They are also used for painting and coating, and industrial tooling as well. The strong adhesive can be used for glass, flooring, and tiles. The most common use of the resin is for leveling of flat surfaces.

The structure of the adhesive floor resins are made up of the reaction of resin with polyamine. As an adhesive it is 100% percent solid with low viscosity, and durable elasticity as well. This polymer resin is especially suitable for construction usage in industrial type businesses. The heavy duty material of the resilient structure provides strong based chemical resistant shielding that is needed for industrial environments.

Epoxy floor coatings are extremely sturdy and durable. The popular floor coating is also commonly used as floor paint as well. The coatings are often used in basements, showrooms, restaurants, and retail spaces.

In general, there seems to be controversial differences in the definition of the cohesive covering. This is mainly because of the differences of opinion between the retail manufacturers and contractors. The solid adhesive by far seems to be the most durable and reliable tool that is available on the market for remodeling.

There are many businesses that are using the durable resins to remodel their floors in their businesses. It is the most sturdiest and durable of products. Not only is it used for industrial applications but also for residential purposes as well. Over time many businesses have come to rely on the durable matter because of its durable difference between the industrial and epoxy floor is that the base qualities is installed according to the needs of a certain industry.

As time goes on, many businesses will continue to use epoxy resins as adhesives, and coverings to maintain the structure of surroundings. It has a very unique structure in that it can with stain strong chemicals, moisture and heavy traffic. It is also affordable as it is durable. Many contractors are choosing the flooring because it is very affordable.

Overall this increasingly popular product is the most effective product on the market. It is both beneficial for the consumer as well as the contractor to use epoxy flooring for their industrial needs. In today’s market, many consumers look for both reliable and affordable products that can withstand the test of time. Overall, this heavy duty product has definitely proven to be that and more. It is being used worldwide to provide the structure and aid that is needed to maintain the solid foundations in many businesses. Many industries also rely on this bacteria resistant product to meet their food and safety guidelines, production guidelines, and anti-microbial guidelines as well.…

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Construction Prospects in Afghanistan

Construction companies in Afghanistan are of strategic importance and favor a very progressive minded approach in a fast growing environment surrounded by international exposure. It is a country that spans South Asia, Central Asia, and Western Asia. It has a very strong strategic position as there are many resources that provide great help in the construction business. It’s strategic location has made it a strong contender in business, as it is equidistantly place between Central Asia, India, and Pakistan.

The Afghan population has come close to 30 million in an area spanned across 652 square km. The progress of Afghanistan has already begun in various sectors, and especially in the world of the construction business. With so much area to cover, Afghanistan has started its progress by working on roads across various places like Kabul, Kandahar, etc. Steps are being taken by people residing in Afghanistan to make it a better place to live in; they are very hard working people who want change in their lives. Majority of the population in Afghanistan is rural population and a very little part of it is urban.

Looking at the world map, it is a business hub connects many places and forms a strategic common point for places like Europe, Asia, and Middle East. It has the best routes for transportation and logistics for trade, with all its surrounding regions by road or sea. It opens doors to many people who want to start their business in the Middle East and Asia.

Talking about construction it is the backbone behind the recovery of Afghanistan. With so many construction and materials companies coming up in Afghanistan, it surely marks the road for expansion at a rapid rate. Construction materials are manufacture with quality grade materials.

The construction business has provided employment opportunities to thousands of people in Afghanistan strengthening the economy by changing the quality of life for the resident people. Construction in Afghanistan mainly comes in from various departments like military projects, road construction, power, infrastructure, and agricultural sectors. As it is a business hub there are private organizations coming in for large-scale opportunities and residential construction.

The Government has kept construction and infrastructure development on the top list of priorities for its development and economy. Other sectors like power, water, etc are still under development in Afghanistan. Power and electricity are issues of concern as these two sectors are still not stabilize and are under crisis.

There are many projects underway with many Afghan construction companies teaming up for expertise in construction engineering and construction equipment like brick factories etc. and others specialized in irrigation systems, dams and agricultural . There are modern parks being develop for investors to invest for small, medium, and large-scale organizations. A company that is actively taking part in the construction business in Afghanistan is the Kainaat Group of Companies ; they have provided excellent engineering services in the form of engineers and designers to build national and international projects with quality.…

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Simple Tips That Can Help You With Commercial Real Estate

Many people have become successful in commercial real estate. However, no quick and easy blueprint for doing so exists. In addition to putting effort into buying and selling properties, you need to educate yourself about the commercial real estate market. You will become more successful as you gain more experience in the market. This article offers a handful of useful guidelines for a number of topics related to commercial real estate. Read on!

Negotiate, whether you’re the seller or the buyer. It is important that your concerns and opinions are heard and recognized by the other parties; you must always put forth the effort to ensure fair pricing for the commercial property.

Use detailed photos to create this documentation. Include all the defects in the photo, such as carpet stains, or holes in the walls.

Always remain calm and patient when dealing with the commercial real estate market. Don’t jump into a new investment too quickly! If you buy a property that doesn’t meet your needs, you’ll sorely regret it. Plan to keep your eye on your market for as long as a year if you want to find the right investment.

It is always best to be aware of how your asking price is in relation to the market price. There are a lot of uncertainties which can have a huge impact on the price of your lot.

If your property deal requires inspections (as it should), look at the inspector’s credentials. You should particularly watch for people involved in insect or pest control. There are a large number of individuals who work in these areas that do not hold the proper credentials. Seeking out professionals with proper accreditation will be worth it in the long run.

Choose simple, strongly constructed buildings if your plan is to purchase real estate for the sole purpose of renting or leasing it. Because it is apparent that these types of structures have been kept in good condition, it greatly increases the chances that tenants will be quick to rent the space. Since these properties probably do not need many repairs, they will require less maintenance from the owner and tenants.

Be sure to have your property inspected by a licensed inspector prior to placing it up for sale. This way you can make sure it is prepared in advance of a sale, and if any problems arise during the inspection you can take care of it on the front end.

Start drafting letters of intent by focusing on the more central issues. Once you have agreement on those, broaden the negotiations to include any smaller issues that remain. This will make negotiations less tense and make gaining agreement on the smaller issues easier to complete.

Having the right approach is one key to succeeding with commercial properties. Keep the tips from the article in mind and utilize them in your own business. Constantly look for ways to learn more about commercial real estate, and identify strategies you can utilize to improve. As with anything, with more experience, the better off your business will be and you will ensure continued success.…

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Top Tips For Getting The Most From Commercial Real Estate

Choosing to enter the business of commercial real estate investment is a big decision with many possible outcomes. You may have a ton of questions, but this article can help. The following tips will help make you more confident in your commercial property searches.

Some factors to consider before making a big investment into real estate are the expanding or contracting of nearby employers, local income levels, and the rate of unemployment. If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, at a higher value.

Websites with abundant real estate investment information are worthwhile references for novices and experienced investors. You can never know too much when it comes to commercial real estate, so never stop looking for ways to obtain more information!

Location is the most important factor in choosing a commercial property to buy. Take the neighborhood of the property into consideration. Compare this neighborhood to the growth of other similar areas. This is important, as you don’t want to be in a current growth area only to have the neighborhood stagnate in a few years.

Transactions for commercial property take more time, and are a lot more complex, than the process of buying a home. Yet the greater the risk and time, the greater the profit, so take this into consideration when you think about the type of investments you want to make in the future.

When renting out your own commercial properties, keep in mind that is always best to have them occupied. If you’ve got open spaces, then the person will end up paying for maintenance and upkeep. If you have multiple properties available, you need to figure out what the reason is behind this, and address anything that is causing tenants to look elsewhere.

Prior to negotiating with the lease of your commercial real estate, try to decrease anything that could be a default as you can. That will cut down on the likelihood that the tenant defaults on a lease. That is not a situation you would want to encounter.

Before placing your commercial property on the market, you should take the time to have it inspected by a professional inspector. If they do find anything amiss, get it fixed immediately.

Take tours of the properties that are potential purchases. When looking at a property that you are thinking of purchasing, it’s a good idea to have a licensed contractor accompany you. Open negotiations after making your offer. Evaluate and reevaluate the counteroffers before making any kind of decision one way or another.

Know how to get emergency maintenance performed on a property at a moment’s notice. Speak with the landlord about handling of emergency repairs just so you know who to call in that situation. Know their phone numbers and also what their likely response time is going to be. Create an emergency plan using your landlord’s information so that you can protect customer service and your reputation in case of a disruption to your usual business.

Armed with these tips, you are ready to step into the world of commercial real estate. You might felt yourself ready to enter the commercial real estate market before reading this article, but I bet you feel even better prepared now! This article probably gave you some ideas that you can use to invest in commercial real estate and make profits, doing so.…