New Growth Commercial Real Estate Company

4Os to excel at a Real Estate Open House

Bridget Richards — Wed, 20 Jul 2011 15:00:33 +0000

A Real Estate Open House can be a made successful with following Os:
1. Organization: Stay organized with everything clean and ready on time – fliers, signs, company name boards etc.
2. Openness: Disclosures attract commercial real estate buyers, the more open you are, the more buyers will be impressed by you
3. Optimism: Show the buyer the long term benefits of the property you intend to sell and the long term relationship that you would have with them
4. Oratory: Talk the best you can with the person with best oratory skills in the front

That’s the trick to attract more real estate builders, buyers and sellers during a Real Estate Open House! One such broker in Las Vegas who provides Broker open house services is New Growth Real estate company

Finding a good broker

Bridget Richards — Mon, 18 Jul 2011 12:06:36 +0000

It takes a lot of care and effort to select the right broker in order for you to wisely invest in a commercial real estate property. A good broker is the one who has a strong track record of selling your type of real estate properties and land. For instance, New Growth Real estate company is known for its long-lasting relationships with its clients who are real estate buyers, sellers and builders.
Once you have shortlisted the most reputed and referred list of brokers, then you can interview them on phone to know their real estate market knowledge. Preferred brokers are the ones who hold a license by the state. For instance, “realtor” is an agent or broker who is a member of the National Association on Realtors which means that would adhere to a code of ethics.
For more information follow the link: http://loan.yahoo.com/m/selling2.html

Bill to speed up bank response to short sales

Bridget Richards — Sat, 02 Jul 2011 12:15:52 +0000

A bill introduced in US House in April, 2011 proposes to impose a deadline on the real estate loan lenders to respond to the short sale request. This bill was strongly supported by the National Association of Realtors which is America’s largest trade association involved in residential and commercial real estate industries. This bill may come as a relief for homeowners who are stressed due to delayed responses to their short sale approval. Due to such delayed and prolonged approvals for short sales, many homeowners walk away from the deal and end up not selling their property at all. This will adversely affect the real estate market as the sales of commercial real estate property will decrease.

What is a short sale?

Bridget Richards — Thu, 30 Jun 2011 16:00:31 +0000

A short sale is a term used to describe a sale of a real estate property in which the real estate property owner owes the bank more than the worth of the real estate property. It is so called because the property owner is ‘short’ of the commercial value of the real estate property and hence it is ‘sold short’ to the buyer of the total mortgage value. There are two types of fees to be paid by the real estate owner. A good news for the owners is that these fees are paid by the banks itself. One such fee is the buyer’s agents commission which comes to around 6% of the total sales price. Due to changing market dynamics, banks and lenders of commercial real estate loans have become more negotiable in such deals.

For more details you can refer: www.reconsultinglv.com

What is Vendor sourcing?

Bridget Richards — Wed, 29 Jun 2011 12:15:00 +0000

A process of outsourcing your major processes to your vendors is called vendor sourcing. In commericial real estate business, this is beneficial. As a real estate buyer, it can save your time and money while ensuring you that you get the best buying decisions done efficiently. It can help the real estate buyer by consulting in matters related to current market prices, interest rates and so on and hence help them take an informed decision. Vendor Sourcing is one of the best services provided by real estate companies. If you are looking out for such a company in Las Vegas, then New Growth Real Estate company is the best option that you can choose. It provides its client with first-class services which exceeds their expectations and the real estate clients get maximum value for each transaction that they carry out.

Impact of interest rates on real estate investment

Bridget Richards — Tue, 28 Jun 2011 17:29:00 +0000

Any real estate buyer desires to buy any real estate property at the lowest possible market price. However, another factor that plays a major role in the sales of a real estate property is the interest rate that one needs to deal with while paying these investments on loans or in installments. A higher interest rate can actually decrease or nullify the effect of the lower investment prices. Hence it is advisable for any real estate buyer to study the real estate property rates and also the current interest rates available in the market. One needs to keep an eye on the economical factors that drive these interest rates in order to avail the best benefits of low interest rates and low market prices of real estate properties. In Las Vegas, New Growth Real estate company provides its real estate clients with a thorough study of such elements: viz. interest rates and market prices of any real estate property.

May 2011 Vegas Valley Real Estate Market Report

Bridget Richards — Wed, 22 Jun 2011 10:39:05 +0000

A report was released in May 2011 related to the real estate situation in Las Vegas. It was reported that almost 2000 homes were sold for cash in the previous month ( April, 2011). While most of the real estate property which was bought by loan was bought by first time home buyers. This shows that the buyers are now getting aware and making the best use of low interest rates provided by financial institutions. It is seen that there is a steep competition for buyers looking to purchase real estate properties.

For more details of the report: http://www.reconsultinglv.com/may-2011-vegas-valley-real-estate-market-report/

What is a 1031 Exchange?

Bridget Richards — Sun, 19 Jun 2011 18:30:08 +0000

A 1031 Exchange is also known as tax deferred exchange. It is a simple strategy for selling your commercial real estate property which is followed by buying of another real estate property. This is to be done within a specific time frame. This exchange of real estate property allows one to qualify for a deferred gain treatment. This means 1031 exchange are not taxable. An easy way to do this is to hire an experienced real estate agent. New Growth Real estate company provides this services very efficiently in Las Vegas.

For more details: you can refer following sites:
www.1031exchangemadesimple.com
www.1031.org

Real estate buying guideline

Bridget Richards — Fri, 17 Jun 2011 11:43:26 +0000

If you are looking out for some commercial real estate property, then following are the guidelines that you need to follow:
1. Find a good real estate agent in your city. If you are in Las Vegas, try New Growth Real estate company. They have a good reputation of providing value for their commercial investment. Additionally, there is NAIOP, CCIM and SIOR who have executives, builders and developers involved in full-time commercial real estate advisory committee.
2. Enlist the type of house/ real estate property you desire. The kind of neighbourhood, the facilities nearby and so on
3. Get the selling price and decide your own negotiated price
4. Finally inspect the real estate property. In that case you might need a real estate inspector. Normally, a good real estate agent provides you with one.
5. Get an appraiser appointed through the real estate agent to help you fix the deal at the desired amount which is at a fair market price.
6. Finally, have a walk through inspection yourself and get the keys once the deal is finalized.

For more details visit: greatlasvegashomes.com

If you are looking out for some commercial real estate property, then following are the guidelines that you need to follow:

Find a good real estate agent in your city. If you are in Las Vegas, try New Growth Real estate company. They have a good reputation of providing value for their commercial investment. Additionally, there is NAIOP, CCIM and SIOR who have executives, builders and developers involved in full-time commercial real estate advisory committee.

Enlist the type of house/ real estate property you desire. The kind of neighbourhood, the facilities nearby and so on

Get the selling price and decide your own negotiated price

Finally inspect the real estate property. In that case you might need a real estate inspector. Normally, a good real estate agent provides you with one.

Get an appraiser appointed through the real estate agent to help you fix the deal at the desired amount which is at a fair market price.

Finally, have a walk through inspection yourself and get the keys once the deal is finalized.

For more details visit: greatlasvegashomes.com

Steps to negotiate best price for your real estate investment

Bridget Richards — Thu, 02 Jun 2011 19:30:24 +0000

After doing the research for a perfect home, it is time for you to put your best price offer forward. But remember it is not a matter of how much you offer but how you offer. So be careful and follow following guidelines.
1. Find the reasonable market price for the real estate property that you are interested in. For this, it is recommended that you take the help of an experienced buyer’s agent who can help you take an informed decision. For instance, in Las Vegas, New Growth real estate company is one such firm which provides expert opinion on the current market prices of various real estate properties.

2. Then you must decide what you are willing to pay. This will be based on the market price and your capacity to pay for the real estate property that you selected.