FIN 331 Final Exam Study Guide 10/15/13 6:34 PM Intro to Real Estate & Time Value of Money • • • Mortgage – a loan you get to buy to piece of property where the property serves as collateral Equity – the amount of your money in the property Down payment – a one time name for your equity o House $150‚000 Mortgage - 120‚000 Equity 30‚000 à Down payment 30‚000 ÷ 150.000 = 20% **What banks like to see • • As you pay off your mortgage‚ your equity goes up LTV (loan to value)
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Midterm Review Ch 2. -What is Real Estate? Land at‚ above and below the earth’s surface‚ plus all things permanently attached to it -Bundle of Rights • legal rights 1. right of exclusive possession 2. right of enjoy‚ent 3. right of disposition • physical rights o Surface rights-Right to use the surface of the earth o Subsurface rights-Right to natural resources lying below surface o Air rights-Right to air space To the technologically feasible height to erect structures Level
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Corporation (Prudential). Upon close of the purchase escrow‚ ABC123 will install the new management team and commence with the exterior renovation. In the first month of ownership we will evaluate the existing tenant base and begin the repositioning process. It is projected that occupancy will drop to approximately 33%. This is necessary to
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sentimental value that is drawn from owner ship of real estate. In order to meet the need of those who are in dare need of shelter turn around mentors limited was started by a team of committed Kenyans investors in order to lead people of all classes toward acquiring shelter and managing effectively. Garissa Realtors and Property Management ltd has facilitated the acquisition of real estate to a number of Kenyans and is managing several houses for real estate investors. With a vision of being a leading
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In the passage “The Supermarket: Prime Real Estate‚” by Marion Nestle‚ Nestle informs readers about supermarkets all over the country that influence their customer’s choices by the layout of their store and specific ways products are sold. Nestle goes into detail about these tactics and the huge amount of research that has gone into consumer science. She continues by discussing why supermarkets are a market similar to real estate‚ how companies rent space‚ and how it all works together to make customers
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/real-estate-license-michigan Is Now The Time If you’ve been considering getting into the real estate license in Michigan‚ there’s no better time than now. Metro areas like Detroit‚ Lansing‚ Ann Arbor and Grand Rapids are seeing a boom in housing sales‚ making licensed realtors an in demand commodity. In addition to favorable market’s housing is industry that remains evergreen. Houses‚ townhomes and condos will always need to be bought and sold‚ and both buyers and sellers need qualified real
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5. Tyngsborough‚ Massachusetts Real Estate Located within Middlesex County‚ this city is only 28 miles away from Boston using Route 3. It is placed next to the New Hampshire State Line and includes a number of ponds. This city is bordered by the towns of Dunstable‚ Westford‚ Dracut‚ Groton and Chelmsford on the Massachusetts side. On the New Hampshire side‚ it is bordered by Pelham‚ Nashua and Hudson. Residents in the area can enjoy properties that border lakes‚ woodlands and rolling hills. For
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There are some myths about real estate agents‚ many of which are not so flattering. But when it comes down to it‚ realtors are not too out there‚ and there is a logical explanation to each misconception. Let’s straighten out a couple myths and facts. Myth #1: They have big hair. Fact: Though occasionally real estate agents do have big hair‚ most are regular people who get up in the morning just like you do‚ and go to work just like you do. Many realtors‚ in fact‚ are going bald due to stress related
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When it comes to selling and buying a home‚ real estate legal liability has several components that involve representing the property‚ protecting the interest of all parties‚ and neglecting parts of the sales process. Sellers are more likely to be confronted with legal liabilities pertain to the home’s condition s found during the home inspection and after the sale‚ once the buyers take occupancy. Legal liabilities for sellers after the home is sold and transfer of ownership is complete may exist
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Real Estate Broker- The Right Choice It has come to my attention that I am growing up and I will soon need to choose a career path. As of now‚ I have about four and a half years to decide and outline my future. To some people‚ that may seem like a huge amount of time‚ but when you think about it‚ that isn’t much time. This is why I’ve decided the career path I would like to take‚ as of now that is. I will tell you my hobbies before my career choice so you can see that it is the perfect choice for
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