What is Real Estate Investing and Consulting?
Real estate is “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive (although capital may be gained through mortgage leverage) and is highly cash flow dependent. If these factors are not well understood and managed by the investor, real estate becomes a risky investment.
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business and structural changes affecting the industry. Both draw on partial equilibrium analysis (supply and demand), urban economics, spatial economics, basic and extensive research, surveys, and finance.
A real estate consultant provides advice to people or companies that are interested in buying some property. They provide client-centric representation in the real estate market. In addition to that, they deliver reliable strategies that can help the client to achieve their real estate goals. The real estate consultant charges an hourly fee for their services. This fee varies according to the specific services that are provided. Some services are more detailed and involving than others. Hence, they cost more per hour. In addition to that, the real estate consultant also charges the client a commission.
A real estate consultant begins by assessing your real estate needs. After that, they provide you with a proposal that describes their real estate consulting services. This proposal also includes the consultant’s rate of commission and fees. By presenting this information up front, this professional seeks transparency in their interaction with the client. Furthermore, this provides the client with an assurance that the required services will be delivered. After some negotiation, the real estate consultant and their client create a final agreement. Once this is done, the client can begin to get the consultant’s services towards investing in some real estate.
Ref:
Wikipedia
Wondershare