http://www.vilaemporda.com Sat, 04 Sep 2010 07:22:52 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 http://www.vilaemporda.com/baton-rouge-home-appraiser-offers-listing-appraisal-services.cfm http://www.vilaemporda.com/baton-rouge-home-appraiser-offers-listing-appraisal-services.cfm#comments Sat, 04 Sep 2010 07:22:52 +0000 admin http://www.crawbot.co.cc/?p=2867 A smooth transaction is one when one has accurately represented the physical characteristics(in writing) of one’s home , whether it be listing the home with an agent or selling it yourself(FSBO). “The main step is to acquire the accurate living area during the whole process of obtaining the accurate representation of one’s property”, says William D. Cobb, CREA who is the owner of Accurate Valuations Home Appraisal Group in Baton Rouge, Louisiana. An agent will enlist a CMA or Comparative Market Analysis for determining a home’s listing price. Still, one should have with them, a precise calculation of the living area.

Also, to be on the safer side, it would be a wise decision to have a third-party measure the living area and value of the property before one signs the Listing Agreement. A residential appraiser is the best option in this case.

This has the following advantages:

· When an appraisal report is done in a professional manner, it leaves a good impression on the potential buyer as it supports the price quoted as well.

· An appraisal generally includes photographs, location map, accurate sketch, precise dimensions, outline of the neighborhood etc. Also, 3 to 4 comparable sales must be present adjusted to subject property.

· Enlisting recommendations for repair or enhancements, if any. This listing appraisal can indicate a value for addition(s), items that require repairs, etc..

· Accurate estimation of Living-Area size lends peace of mind, especially with values @ $100/sf +

In U.S, majority of real estate professionals base the price per square foot of a home on living area size. Living Area is measured from the exterior walls. All real estate professionals are to follow the ANSI Standards for Single-Family Residential Buildings (American National Standards Institute) when calculating area home sizes. In a seminar in Apex Appraiser Home Sketching Software and National ANSI Standards in Houston, TX, the ANSI instructor, who is also on the Appraiser Standards Board in South Carolina, stated that one of the most common lawsuits in Real Estate today is “misrepresentation of living area size”.

Consider: A 2,000sf home is for sale, priced at $240,000. Instead of measuring the home, the living area was obtained by County Records; estimating the typical home size in that development. The home is listed with a living area of 2,000sf. A purchase agreement for $240,000 is received and is accepted. The appraisal is ordered by the buyer’s lender. The sellers submit an offer on a $350,000 home in a neighboring development. The offer is accepted. However, the appraiser for the home turns in her appraisal showing 1,840sf and an appraised value of $220,800, much less than the purchase price. The sellers are asked to renegotiate the purchase price as the living area is 1,840sf, and not the 2,000sf. The sellers sue for misrepresentation of living area.

Thus, it’s crucial to have one’s home measured by the person listing your home. It is strongly recommended that when interviewing the person listing your home, one must confirm that they follow ANSI, that they will measure your home, and provide you a calculated sketch. Thus, a written verification of true living area is present.

· Bill states that he recently performed a purchase appraisal in a South Baton Rouge Subdivision on a 2,026sf living area, for $260,000, listed FSBO. The home was marketed WITHOUT obtaining a professional opinion on the value of the home. The buyers end up with $9,000 in equity as the home appraised at $269k. So, as against a loss of $9,000 the seller should have paid $225 to get the listing appraisal done.

An appraisal helps homeowners make the best decisions like investment in homes and setting a competent sales price. Thus it is strongly recommended to have a Listing Appraisal before one lists their home. ]]> http://www.vilaemporda.com/baton-rouge-home-appraiser-offers-listing-appraisal-services.cfm/feed 0 http://www.vilaemporda.com/domain-brokering-profiting-from-online-property.cfm http://www.vilaemporda.com/domain-brokering-profiting-from-online-property.cfm#comments Fri, 03 Sep 2010 01:04:43 +0000 admin http://www.crawbot.co.cc/?p=2801

Have you ever wondered how people make money online “buying” domain names? During the big Internet boom of the early 90’s I was fascinated with domain brokering, however, it wasn’t until years later I actually learned how to make money as a domain broker.

Your first hurdle usually comes when you find out you don’t even own the domain name, rather you are merely renting it. You can rent the domain name indefinitely, but owning it isn’t an option.

The logical question from novice domain brokers is: “If you are renting a domain name, how can you make money brokering it?” After all, if you are renting an apartment you can’t make money brokering it to another renter. Can you? In a word, no.

But you don’t need to own domain names to make money with them, if you did, domain brokering wouldn’t be so popular. Using the apartment example, lets look at it like this. When you rent an apartment no one else can rent it. You live there. You take up that space, so nobody else can use it. The same goes for the Internet.

A top level domain name can only point to one website at a time, and that is where domain brokering comes into play.

Do you see how domain brokering works? You are essentially leasing or transferring the domain name rights to another company.

While you can theoretically broker any domain name, it helps if the domain you are trying to broker has some equity.

What is domain name equity? Well, lets look at it with another real world example. If you own property in Atherton, California (currently the most expensive city to buy property in in the US), it is likely to be worth more than property anywhere else in the United States. The Internet isn’t much different. In fact, most of the offline business models have online counterparts. Domain brokering is the equivalent to a land developer. Or at the very least a real estate agent.

When you broker a domain you sell the rights to that domain to another company, or you lease the name to them for a period of time. You make money, because the domain name has value, either because it is currently trendy, or it fits into the company’s niche.

Lets explore these options a little further.

First, take the trendy option. If you have been a part of the online community for a little while, you know which sites are currently the top hangouts. They’re trendy, and there are a lot of other sites out there offering supplementary services to these sites. They are often similarly named and styled. Often, domain name brokers will create derivative names for the “in” sites. These names are now in their portfolio. As popularity grows for the site, demand also grows for good domain names to offer supplementary services through. This is where the domain broker’s portfolio comes into play.

Brokering the domain names now will result in profit. The amount of profit depends greatly on the demand for the domain name, and the experience of the broker.

One case of trendy domain brokering is casino.mobi, which was brokered for $135,000. This isn’t an unheard of amount for domain brokering, some portfolios are worth millions. However, it was a milestone for the .mobi top level domain names.

What about niches? You know the expression: “find a niche and fill it.” Niches are what drives business on the web today. They are also lend themselves to domain brokering.

Let’s use a fishing example here. But before we do we will have to zero in on our niche. Fishing isn’t a niche, it is an umbrella term. Fly fishing is a niche, so is deep sea angling. The more granular you can make your topic, the more potential you have to dominate it on the Internet.

The deep sea angling niche is granular enough to rank in, yet still gives us some room to grow. And since it is our passion, we were able to build up a lot of content on the topic. We have even found like-minded people to share our passion with. We now have a community. This domain, let us call it YourDeepSeaAnglingSite.com, now has equity.

If you were looking into brokering this domain name now, you would see that it is more valuable than it was when you first got it. How much more depends on what you’ve done with it.

These are just two examples of how to make money in the large and lucrative domain brokering industry. Which is just one of many ways people make money online today. Hopefully you have enjoyed this article as much as I have writing it for you. And that it has helped to clear away some of the mystery surrounding domain brokering.

]]> http://www.vilaemporda.com/domain-brokering-profiting-from-online-property.cfm/feed 0 http://www.vilaemporda.com/the-pros-and-cons-of-subleasing-miami-commercial-real-estate-properties.cfm http://www.vilaemporda.com/the-pros-and-cons-of-subleasing-miami-commercial-real-estate-properties.cfm#comments Thu, 02 Sep 2010 23:05:33 +0000 admin http://www.crawbot.co.cc/?p=2919

Subleasing is simply an agreement the leasing of a property to a third party tenant. If you’re already leasing a Miami commercial real estate property and decide to lease the whole or parts of the property to another, you turn to subleasing. In this situation, you become that sublessor while the new tenant the sublessee. This is a cost-effective alternative if you’re planning to lease a considerably sizable property. But before delving into subleasing, learn the pitfalls and benefits that accompany this sort of agreement.

The Pros 

For starters, subleasing, for the third party tenant, is a more affordable way of leasing a Miami commercial real estateproperty. In addition to that, this type of properties are easier to find and obtain because the qualifications are less stringent compared to an exclusive lease. 

Subleases Miami commercial real estate properties are also good for small business. This is greatly useful if you find it hard to look for a specific space that can efficiently accommodate your business. By providing a lot of options in terms of choices, marketers can easily start small and slowly expand without much trouble. 

Subleased properties are also accompanied by simpler commercial leases. They are pretty straightforward and the terms are quite simpler than exclusive leases. However, subleases are still legally binding. In terms of upgrades and renovations, you don’t have to worry about the amount of money you need to shell out for such changes. Subleased properties are often already finished and need little or no changes. 

Another option that subleasing provides is the opportunity to take an entire space. If your sublessor decides to relocate before their lease is over, you can have the chance to sublease the entire space. The process is significantly easier than leasing exclusively or for the first-time. You already have an existing financial relationship with your sublessor, which makes you more than qualified for the lease. 

The Cons 

Yet while the mentioned advantages are pretty tempting, there also exist several pitfalls. First, if the original lease is unfavorable, it may be passed along to you. Second, if your sublessor defaults, it will affect your sublease. 

Marketing obstacles are also present with subleased Miami commercial real estate properties. For instance, since you share the space with the sublessor, your business may be perceived as an underdog and provide your clients with the feeling of insignificance. Fortunately, this small-business atmosphere can be easily reduced if you choose to sublease a property whose sublessor is in the same business niche. 

Mark Michael Ferrer 

Miami Commercial Real Estate

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