Some areas of the real estate business still rely heavily on shuffling paperwork. Mortgages come to mind as one part of the industry still stuck in the past. In order to move ahead, real estate companies in every corner of the sector will need to digitize processes in order to make them more efficient and cost-effective.
Short sale real estate investing is when a developer purchases a property for less than the mortgage amount owed. These types of deals became more popular after home prices collapsed several years ago. As values took a serious dive, many homeowners owed a lot more than their property was worth.
At Sharestates, we have committed a focus to our “bread and butter” hard money fix and flip loans along the East Coast. As the company and client base has grown, we have expanded that focus to meet the unique needs that come across our desks daily.
Cash flow is important for any type of business, but real estate crowdfunding is a different kind of business that requires a carefully thought out plan for the end game. It’s more like investing than a traditional business, but it still requires an attentive eye to business technicals like cash flow, forecasting, and profit-loss analysis.
If you’re planning on making any renovations to your property this year, there are a few things to consider before you commit to a project. While personal preference and budget will always be important factors when it comes to figuring out what you want to do with your home, it’s also worth thinking about which changes will deliver the best return on investment.
At first glance Bitcoin does not seem closely related to the world of real estate. Other than the fact that some individuals might have made enough profit on their holdings to buy a house, the two topics appear unrelated. This is a serious misunderstanding of what Bitcoin means for the real estate market in general and transactions in particular.
Technology is continually knocking down barriers between potential buyers and sellers. From online listings on websites such as Zillow to virtual reality tours of properties, the modern real estate agent has tools to reach buyers that previous generations could not even have imagined.
Real estate professionals are commensurate marketers, able to communicate the valuable features of a property. Creating curb appeal is a large part of successfully selling a property. In fact, an entire subset of professionals work as property stagers to present residences in the most favorable light possible.
Real estate is an investment that is often won – or lost – on the margins. While unusual macroeconomic trends and catastrophic events can create an overwhelming environment that makes either success or failure inevitable, the more common dynamic is for relatively small, incremental developments and decisions to make the difference.
The Internet of Things (IoT) has promised to provide a refrigerator that senses when the milk it stores is running low and adds it to the weekly grocery list automatically downloaded to the delivery service. While convenient, this is nothing compared to a system that has learned the homeowners preference for eggnog during the holidays and stocks up ahead of time.