Local | Buy My Home Fast

Local Strength Key to Real Estate Success of Gazit Globe

Posted by | Posted in Buy My Home Fast - Articles | Posted on 02-12-2011-05-2008

0

www.reit.com As the president of Gazit Globe, Roni Soffer oversees a real estate enterprise that spans more than 20 countries and includes more than 660 properties with a consolidated total asset value of approximately billion. At the European Public Real Estate Association’s (EPRA) annual conference in London earlier this month, Soffer spoke with REIT.com about the company’s global operations, which include primarily supermarket-anchored shopping centers as well as healthcare assets, and how he sees the market developing. “In the last few quarters we have seen improvements in most of the regions we operate,” Soffer said, adding that Gazit Globe is seeing stabilized occupancy levels, NOI improvement and cap rate compression. Soffer, who has been with Gazit Globe for 15 years, said the key to Gazit Globe’s success is focus. Although the company does own medical office and senior living facilities, the vast majority of the company’s portfolio is supermarket-anchored shopping centers. “We took this product type and replicated it globally very successfully,” he said. “The second most important thing is having local management teams and the right people on the ground. You can not invest, develop and manage through remote control. The people on the ground are going to protect you on the downside and going to help you capitalize on opportunities.” Soffer said Gazit Globe’s portfolio is now at a point where he does not expect to branch out into any new markets or property …

www.kw.com What are the secrets for getting your house sold? Watch now to find out.
Video Rating: 4 / 5

Local home market shows positive signs

Posted by | Posted in Buy My Home Fast - News | Posted on 15-02-2011-05-2008

0

Local home market shows positive signs
Local real estate agents have expressed optimism that 2011 will be a great year for the local housing market.
Read more on Marshalltown Times-Republican

Willis Allen real estate agents Rande Turner and Jill Wheeler list San Diego’s first Leed Home for sale
Willis Allen Real Estate recently announced that Del Mar agents Rande Turner and Jill Wheeler have listed San Diego’s first LEED (Leadership in Energy and Environmental Design) Platinum Certified home for sale.
Read more on Del Mar Times

NI house prices continue to fall
The average price for a house in Northern Ireland fell by nearly 8% last year.
Read more on U TV

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Posted by | Posted in Buy My Home Fast - Articles | Posted on 14-01-2011-05-2008

0

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Hello Guest
Login

Login via

Register
Hello
My Home
Sign Out

Email

Password

Remember me?
Lost Password?

Home Page > Finance > Real Estate > Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Edit Article |

Posted: Oct 19, 2010 |Comments: 0
|

]]>

Real Estate Broker Price Opinion

Many people try to determine the values of their real estate by researching websites that value a home based on aggregate data collected through various means. While these online services can be quick and seem easy, computer generated reports can be grossly inaccurate. More often than not, computer data collected from outdated and often unreliable resources can cause issues when trying to determine a fair value of real estate in any specific market. These websites may be of some value in showing valuation trends, but can in no way replace the services of a local real estate appraiser. Real Estate Broker Price Opinion

Highly trained professional real estate appraisers, while more expensive, can effectively determine a home’s true value and also take into account variables a computer generated report can’t. Desirable factors such as a highly rated school system, economic development and surrounding neighborhoods can drastically affect a home’s value positively. Areas that are run down but in the midst of a gentrification process are unlikely to get a fair appraisal from a computer model, someone untrained or out of the area. Only a local appraiser will be familiar with rising or declining valuations and building trends in specified locations.

While obtaining a professional real estate appraiser to correctly determine a home’s value can be critical during a divorce, to value an estate, or to satisfy a lender requirement for a mortgage, choosing a reputable local appraiser that knows their market area can mean the difference between a good appraisal and a bad one. If an appraiser does not intimately know the market area they serve, many factors used to determine a home’s value can be left out of the process. Without knowledge of the current market area trends, property values given by an appraiser outside of their locale can be skewed.

As banks and other financial institutions are now dealing with untenable volumes of foreclosed homes, there is a growing trend among banks and other financial institutions to hire real estate brokers to complete BPOs (Broker Price Opinion), rather than pay appraisers for a home’s valuation. Although BPOs should be more accurate than computer generated reports in determining a property’s value, there is considerable controversy as to whether or not these real estate agents have adequate training to complete these reports effectively. Real Estate Broker Price Opinion

BPO services cost less than a uniform appraisal report; however, much like their computer generated counterparts, BPOs often omit crucial information. Many lenders do not even require an in-depth inspection or interior inspection of a home, for example. How can anyone hope for any type of realistic property valuation without an on-site inspection?

Appraisers are required to complete a stringent course of training through accredited educational facilities before they are licensed or certified. In some states, appraisers must also complete an apprenticeship under a more seasoned professional prior to being permitted to value property independently. A good appraiser will look at all aspects of the property, including square footage, room count, types of rooms, condition of property, lot size, neighborhood trends and comparable properties in the area that have sold recently, as well as comparable properties currently on the market.

Appraisals take longer than a BPO provided by a real estate broker or online computer generated reports. But, the report from appraisers is in depth and lengthy. All variables used to arrive at the valuation are in black and white.

Searching for a qualified appraiser in your area is relatively easy. Neighborhood banks and lenders are a great referral source. Searching an online directory or your local yellow pages can be another viable source as well when looking for a professional appraiser. Real Estate Broker Price Opinion

Retrieved from “http://www.articlesbase.com/real-estate-articles/real-estate-broker-price-opinion-the-importance-of-hiring-a-local-real-estate-appraiser-to-value-your-property-3503651.html”

(ArticlesBase SC #3503651)

Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Real Estate Expert -
About the Author:

How come everyone is earning from Real Estate? Want to get rich during the Downturn?

Get your Real Estate Broker Price Opinion and find out how you can profit from Real Estate!

TryReal Estate Riches Program and see how it changes your life … Forever!

]]>

Questions and Answers

Ask our experts your Real Estate related questions here…200 Characters left

I want to buy my parents’ home from their estate. Both are deceased. A realtor told me to get an “estate appraisal”. How is that different from a regular appraisal?
What are the requirements to be a real estate broker ?
After buying an investment real estate with a loan on another investment property, what is the time frame for selling that property so it could be used for the exchange?

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source: http://www.articlesbase.com/real-estate-articles/real-estate-broker-price-opinion-the-importance-of-hiring-a-local-real-estate-appraiser-to-value-your-property-3503651.html

Article Tags:
broker price opinions jobs, broker price opinion jobs, how to influence broker price opinions, doing broker price opinions, real estate broker price opinion

Where can I find local real estate investors to fund my projects-Las Vegas,Nevada?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 16-11-2010-05-2008

1

Question by Mr. Whatsittoyah?: Where can I find local real estate investors to fund my projects-Las Vegas,Nevada?
For months, about a year now, having completed an ever going growing business plan, I have had no luck at finding an investor.

I have several real estate plans, from something as simple as flipping to a multi-million dollar company with extreme return on investment. I have the drive to complete and thrive if able to do so. I have no money of my own to invest living paycheck to paycheck, and need some assistance.

I’ve posted on craigslist, got nothing besides solicitations and scam artists. List myself on a variety of websites, contacted “supposed local angel investors”, whom quite honestly, never really seemed to exist-probably more scammers.

Where would be a good place to find investor? Know any yourself-talk to me-won’t be disappointed!!!

Interested in learning more, my e-mail is steeletucker@ymail.com

THANKS YOU GUYS!!!
Sure, “great” biz plans are a dime in a dozen.

HOWEVER, don’t for one moment second guess the capacity I have put forth. Being only 17, my IQ frightens and inspires aged business proffessonals.

Banks are not an option, I can not obtain credit until I am 18. My banker, wishes she could fund me.

My ideas, though many can mimic them, are separate, and far beyond wnhat anyone one else has seen before, really!

Best answer:

Answer by CarolO
The real estate market in Las Vegas is one of the worst in the country at this point.

Perhaps once the local market improves you will have more luck finding people interested in your ideas. All you can do until then is to keep looking for investors, just don’t get discouraged because you are receiving not valid responses.

Know better? Leave your own answer in the comments!

Local home sales up, prices down in April

Posted by | Posted in Buy My Home Fast - News | Posted on 19-05-2010-05-2008

0

Local home sales up, prices down in April
Home sales increased in April compared with the same month last year, according to two recent reports. Both reports showed year-over-year decreases in sales prices, though prices increased in month-over-month comparisons.

Local home sales have spring in their step

Posted by | Posted in Buy My Home Fast - News | Posted on 21-04-2010-05-2008

0

Local home sales have spring in their step
After declining for three straight months, Houston area home sales climbed in March.

Local home sales saw increase in February

Posted by | Posted in Buy My Home Fast - News | Posted on 31-03-2010-05-2008

0

Local home sales saw increase in February
Area home sales perked up in February, and local real estate professionals hope the trend continues into spring.

Local home prices up 13% in 12 months

Posted by | Posted in Buy My Home Fast - News | Posted on 17-03-2010-05-2008

0

Local home prices up 13% in 12 months
Home sales in San Diego County were down slightly in February, compared with the same month in 2009, but home prices increased 13 percent during the same period, a real estate information service reported Tuesday.

Buy My Home FastFast Solutions for Selling Your Home

Local Strength Key to Real Estate Success of Gazit Globe

Posted by | Posted in Buy My Home Fast - Articles | Posted on 02-12-2011-05-2008

0

Local home market shows positive signs

Posted by | Posted in Buy My Home Fast - News | Posted on 15-02-2011-05-2008

0

Real Estate Broker Price Opinion – The Importance of Hiring a Local Real Estate Appraiser to Value Your Property

Posted by | Posted in Buy My Home Fast - Articles | Posted on 14-01-2011-05-2008

0

Where can I find local real estate investors to fund my projects-Las Vegas,Nevada?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 16-11-2010-05-2008

1

Local home sales up, prices down in April

Posted by | Posted in Buy My Home Fast - News | Posted on 19-05-2010-05-2008

0

Local home sales have spring in their step

Posted by | Posted in Buy My Home Fast - News | Posted on 21-04-2010-05-2008

0

Local home sales saw increase in February

Posted by | Posted in Buy My Home Fast - News | Posted on 31-03-2010-05-2008

0

Local home prices up 13% in 12 months

Posted by | Posted in Buy My Home Fast - News | Posted on 17-03-2010-05-2008

0

Categories

Archives