Important information
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Start-up investment
Low - $ 3000 (using family car for word processor and camera)
High - $ 10,000 (Including office, car lease and advertisement)
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Time at break-even point from 2 months to 1 year
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Annual revenue and profit estimate
Revenue $ 70,000 - $ 3 million (One at low end, staff of real estate appraiser at the director's high end)
Profit (before tax) - $ 60,000 - $ 500,000
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Real estate detective
The function of a real estate appraiser is to determine what a particular piece of property is worth. This industry client can be found in a number of different fields:
Government: Every time the government criticizes property or revaluates taxes, they need to know the value of property.
Lawyers: They need to distribute real estate, or couples or partners need to split real estate, business partnership clients in break-ups and marriages
Buyer and / or seller: Before listing or purchasing a house, the individual will want to know the value of his property.
Insurance company: Before making a property damage village, the insurer would want to know the current value of the property they guarantee.
Bank: Loans are not done, or the house is established Foreclosure without property value.
The appraiser specializes in either of the above, or simply dealing with residential and commercial real estate, but many large companies can cover all bases. Not all areas of real estate are running at the same pace at the same time. Appraisal can handle the cross section of the market, when commercial software and vice versa he can stay a busy stay handling housing.
The way to insanity
Real estate appraisers simply do not make educated guesses when evaluating the value of a particular property, looking on top of the property. Tsutsu zetsu zetsu zetsu tsutsu zu tsu, tsu ku, tsu botsutsutsutsutsuetsutsutsu, tsutsu tsutsu tsutsu "tsu zetsu otsutsu" Sutra
Cost approach: first identify all the different parts of the property - the structure and characteristics of the property paid first. You do not need to be an engineer, because you are not looking for construction defects, but you must have basic knowledge of construction. Then if you build today, you need to establish what construction costs are. After that purchase and deduction of depreciation of existing property since construction. Final result: cost of property.
Market data approach: Compare sales of the same community to compare with the characteristics you are evaluating. Add gratitude or deduct declines and adjust differences such as size or improvement.
Revenue Approach: This approach assumes that the owner keeps its characteristics and may want to accumulate revenue by renting from it. By comparing the royalties charged for similar commercial or residential structures of the same community, your customers can make it as net profit before mortgage payment
Experts say that except in cases where income production properties do not exist in the same area, they are all in order to reach the fair market value of the property being appraised
Just go to the court to determine the value of the property and determine the reason for the property sold for what it sold, including much more effort than finding what similar properties are selling recently need to do it. The expert witness needs to see beyond the bottom line of the deed. Perhaps negotiations stretch over a long period of time - acts (and agree with the price) can be dated a year or two years ago than it actually was, maybe the seller is in tie, I sold under the market because he / she was traveling overnight. When deciding what to judge for all of these factors is the value of the property.
If you do not like Sherlock Holmes, you need to dig through clues through your detective work - consult with attorneys and real estate brokers who are involved in buyers and sellers and sales Good transactions of expert opinion fees, their It is based on the ability to get to the bottom of good judgment and real estate transactions and find accurate and meaningful numbers.
If you can evaluate multiple similar properties within a reasonable period, you can truly take advantage of your foot work. Most lenders will be able to stay for a much longer period of commercial real estate, but for more than six months away residential real estate
Nut and bolt
Some experts charge strictly according to time. Type of appraisal It is a customer's client that changes greatly from evaluation to evaluation. For example, banks can supply a lot of backup information and you can provide a form for filling out, so on the other hand necessary for doing the evaluation, housing broader research and more You need a written report that needs time. It usually takes much longer than the property of a real estate appraiser for commercial real estate. So when configuring your fee schedule, you need to consider all of the above factors and more.
The most successful appraisal companies fall into two categories: solo appraisal without overhead and 15-30 employees and large companies. Because they need the same data as large enterprises and have not generated income to meet expenses, enterprises in Inn have problems filling their overhead
A single operator can easily move his / her office from his / her reserve room, and there must be a minimum equipment: the phone, the tape measure and the camera. You can use your own car to travel from property to property and if you can enter, typewriter (or preferably also in professional banking business or legal journal or yellow page, maybe you need to advertise There is.
Grow: - Yes or no?
It seems that it will be left to the additional office space, working director, which means it will be an additional partner. These two additions to your overhead formula can match 50% of your fee. And with such materials such as social security, car insurance, and taxes, you are adding 0% to 25% of your fee anywhere.
Marketing can grow as fast as you can to keep the fee growing at the same rate as your overhead So you grow up As you mentioned above, the three appraisers are the same as 100 appraisers Medium-sized enterprises are not cost effective because they need about the data.
The network also deducts high. If you have strong real estate contact you may be able to go through the file instead of crossing by the accumulation of information in the court. The number of real estate appraisal companies will participate in real estate organizations that provide updated selling prices and property descriptions.
Another area where you can become income production is real estate brokerage. Some appraisers consider this conflict of interest, but there is no law against putting a portion of your profits in investment or property development. If you are confident of your own ability as a skilled detective, who knows better deal than you?
resource
Industrial Association
American Institute of Real Estate Appraisers, 430 N Michigan Ave., Chicago, IL 60611 (312) 329 - 8559
Real Estate Appraisal Association, 645 N Michigan Ave., Chicago, IL 60611 (312) 346 - 7422
American Association of Certified Appraisers, 7E. Dr. Swin, Cincinnati, Ohio 45218 (513) 825-1603
Additional information That setting New business, business such as tax, insurance, etc. - startup is in the finder manual
Real Estate Agent
Important information
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Start-up investment
Low - $ 1000 (to become a license)
High - $ 30,000 (to open a securities company)
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Tsutsu niece "Tsutsu" Tsubu
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Annual revenue and profit estimate
Revenue $ 300,000 - $ 10 million
Profit (before tax) - $ 18,000 - $ 300,000
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Your work in the American dream
In 1986, the National Real Estate Association census indicated that there were 12 thousand real estate agents in the United States. Most Americans dream of owning their own house and 82% of all houses being sold are sold through real estate agents, so around
However, the housing market is still steady. Regardless of what is happening nationwide, households are still being formed and a place where everyone can live is necessary.
To take off for two years
Since the real estate is a company that has been coordinated, it is impossible to decide to enter the business one after another due to the agent becoming a day by all means. Also you can open before you to follow Tickets:
1. License: You need to spend a few weeks, at least a few weeks, preparing for taking the real estate exams of your condition leading to licensing, perhaps a few months. Universities with universities in many regions can have a night course at night.
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