The Importance of Conducting a Real Estate Market Analysis

Doing research is not an easy task. A research is the activity of gathering the most relevant information and filtering it to its finest.  A real estate market analysis is defined as the study of the current market. It is the systematic monitoring of real estate market developments and prospects which helps in determining the right market value of a certain property. 

In many other ways, online globalization helps the process of research and makes it easier to come up with the best results. With the help of online globalization, marketing research takes a higher leap of reaching people and knowing what they want. This allows one to set up a wider scope of potential customers, knowing the most important they wanted, such as affordability, pride of ownership, desire for space, and the like. It is simply to conclude that this is the process of finding opportunity and problems so that you can overall improve your effectiveness as a provider.

Summing it up, market research is an important component of an effective marketing strategy in real estate. Things that are important to know are involved within the process: knowing the target audience plus; and knowing the market that helps in developing brand awareness. The compilation of the said gathered records can be used as an advantage tool to address specific problems on marketing situations. In short, market analysis is a must!

Now let us see, the most important terms one should look in conducting a market research.

• Negotiate with people you want to work with. This generally refers to your target audience of clients. Most of the time, one usually take most part on geographical area where they market, but because of the online globalization, there is now a big change to reach people out of that market who can potentially become investors once they move in that area.
• Check out the competition in your area. This is another important aspect to deal with, knowing the local competition that will help you find a unique way to market your services that others left out. Knowing your competitors’ strong points and weaknesses is necessary. For example, check the community where they excel most and how they are perceived by people, then create your own brand and build it. Real estate is categorized as a personal and popular business nowadays, and knowing the competition will help you get a clear picture on what best practices you need to do.
• Examine the environment. Examine the location where you wanted to put up your investment. One thing that people always concern about is the location of the property, especially when they have companions such as kids. They prioritize and give emphasis to those properties that would give them the ease of access to schools, working hubs, commercial places etc.

Using this kind of information will help you tailor your decision making, and come up with an approach for your real estate marketing, hence, meeting your client’s expectations. Remember that the learning process never stops, knowledge always grows, and the best way to attain it is through continuous researches and by knowing the things that are happening in your surroundings.

 

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Find the perfect comfort at Flair Towers

With the demanding life in the city, condominiums become the modern home for young modern families.  Condominiums communities become the top choice to their harried life in the city where they experienced one of a kind ambiance amidst the bustling outdoor life.

With the presence of these developments, people now can imagine entering in a place that is fully-packed with resort-like amenities. Yes, there are now existing condominium developments packed with this kind of feature and one of them is Flair Towers in Mandaluyong City that is being developed and managed by DMCI Homes. 

Flair Towers become one of the most stylish developments of DMCI Homes because it holds the record of having the largest land area allotted to open-air leisure amenities (see the list of complete amenities here) as compare to other developments in the metro. It also features one of their signature brand design which is Lumiventt design technology that simply tolerates generous inflow of natural light and wind.

Flair Towers is sited near Central Business Districts of Makati, Taguig and Ortigas. (See the location and vicinity map here) 

To give you more idea on how grandiose this place is, take a tour with this audio visual presentation below.

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Is Partnership a Good Option in Real Estate?

The word partnership is defined as an unincorporated entity created by an agreement among two or more persons. It is simply combining of resources and becoming a co-owner of a certain business. In real estate, they are called real estate investment partnership or joint ventures - one function called “passive” owners or the one that only provide funds for investment operations, and the other, “active” owners, who act and executes the business. Good examples here are property developers or constructions companies. 

The road to real estate success is not easy. It requires such main ingredients. The two most important components are capital and the skill set or the ability of using the resources in good use to have good conversion. Knowing the fact that not all people who wanted to invest in real estate are able to have the ability and knowledge on good use of resources, some of them usually belongs to the passive type of investor which provides funds. Good thing to know that the idea of partnership makes two sides unite into one. Thankfully, real estate investment partnership offers good opportunities for these two types of investors. Here are some good pieces of benefits a partnership could give. 

1. Knowing your skill set – As mentioned above, there are two classifications of investor the active and passive investor. It is important to know where you belong on these two options, taking the situation of having that skill set of an active investor and haven’t hold that fund to invest in the project. Then the idea of finding a partner who can finance the resources but lacks time and expertise maybe your good target for the completion of the project. Though, make sure to have a formal agreement.
2. It helps in organizational needs – Paperwork of course is one basic procedure you need to be met in any kind of investment. Its good thing to know having two heads making the procedure even better. As you always wanted to have a clean and organized works, picking up a good partner in keeping those things organized is a must!  

3. Two heads is better that one! – having a partner in real estate creates a good chance of attaining success. Not only that, having a partner will ensure you that your set goals are in good track, organized things in business (above stated) and also move forward towards business. Attaining that, you must find a good and responsible partner who possesses either of the two needed skill set (depending on your own skill) who could help you provide the ability to expand your business towards success.

Indeed, building partnership in real estate is one of the great ways to start owning a property and of course, the end goal of building income. Here is a good example of a partner that take your property as income generating asset.

Before making things in legal, in taking this option it is strongly reasonable to have an agreement drawn up by an attorney. It’s a way of assuring that you don’t risk your money or skill with nothing in return, so a well-executed partnership agreement can save you from taking that bad deal.

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Relieve Your Stress at Illumina Residences Manila

Nobody wanted to live in a crowded place wherein you find difficulty in dealing with different actions. Each and every one of us wanted to live in safe and comfy area. But where to find one? Good to know that here in the central metropolis, you can find modern establishments that take a perfect plunge to a modern and safe place. 

The central metropolitan area which is Manila, certainly possess wide array of modern residential communities. One of them that take a breathtaking review is the condominium development called Illumina Residences Manila by DMCI Homes. It is strategically located at Sta. Mesa Manila and its closeness to prime locations makes it a perfect dwelling for young professionals, start-up families and upgraders. It has a unique building feature of T-shaped design that allows airflow and natural light to pass through the whole building. It also gives an unobstructed view of the city skyline, letting its residents enjoy the stunning view of the metropolitan horizon. That proves being a first-class development. It also has a great list of resort live amenities (view the list of amenities here). 

Below is an audio visual presentation of Illumina Residences Manila. Take a tour and learn more about this property development!

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Time to Save for a Home

Decades have past and surely we all noticed how values of real estate properties became affordable. Many experts say that affordability is an important factor for many home buyers and investors. And with today’s real estate market, affordability is peaking to its highest rate. Clearly, now is the right time to make a purchase. 

Surely a lot of long time renters plan to own a house and lot in the future while current homeowners want to take advantage of the low prices and buy the property they have been dreaming of. But there is an important thing that needs to be considered. Remember that they key to purchasing in today’s market is having financial stability and the funds. How is saving in this dreadful economy possible? Let’s try to discuss saving through this article. Read on to be benefit. 

Have you ever heard about Suze Orman? She is an internationally acclaimed financial expert. If you were able to read her books and watch her videos she always talks about the benefits of home ownership but also pointed out the importance of being financially stable. What does she mean? Simply put, she emphasized that the first and the very important step to home ownership is the financial stability of the buyer. 

Consider many households today; they try to spend every penny they make every month. That is in contrary of saving at least 10 to 20 percent of their monthly income. It’s also a sad fact that many people spend further beyond their means, ending up a bad credit score. Not saving and over spending are very risky habits. And a person planning to own a property needs to change these bad habits and replace them with new habits. 

Here’s What To Do

1. Determine your expenditures. Before we replace your bad habits we have to first determine what are those. It might be awkward to see the real numbers of how much you spend but this would help you to see things better. List down how much you spend on dining out, entertainment, shopping, household needs and others. 
2.  Now that you have determined your expenditures it’s time to come up with a new budget. List down all the important expenses you need each month. This may include electric and water bill, your rent, car loans, food, medical and etc. 
3.  Next thing you do is to cut down unnecessary expenses. Do you have an internet connection? Perhaps changing to a lower package will be helpful. Do you regularly go out to eat? How about being in the house and cook your own food. For parents, cooking the food might be a great bonding time with your kids. 
4.  Entertainment is also important. Maybe you regularly visit movie houses and see the newly released movies. But think about an alternative. Renting movies and watching it with your family might be a good choice. Do you love traveling to other places which costs you extra funds? Why not try to explore your vicinity surely there are nearer places where you and your family can enjoy. 
5.  Ultimately, learning to save is about learning to trust your own instincts. Surely when you come to the situation, you’ll figure out what is the right thing to do. Especially because you know you’re saving for a house!

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Things to Know in Real Estate Investing

Do you want to invest in real estate? Do you have enough knowledge on the things that you need to do and know about real estate investment? As a future real estate investor you should know that there are things that you need to know to be able for you to be successful and never regret investing in real estate. Investing in real estate properties is more than just finding house and lot for sale or houses in the Philippines but a place that you can also use and help you to make profit in the future. So for you to make sure that you are going to be successful in real estate investing this article will help you be informed on the things that you need to know.

1. Local pricing. In studying the local pricing of properties in one area there are factors you need to consider; the fluctuation and acceleration of property prices, average prices of the houses available in one place and compare it to other neighboring towns for you to have the idea in which place will have the biggest demand in the market. Knowing these things allow you to have the chance to know whether the place is continuously giving overpriced properties or consistent in giving fair prices.
2. Developments. A real estate investor should keep in mind that the place with the most number of developing infrastructures is the best place to invest. New roads, shopping malls, schools and other attractive places that are will be done in one place is the best indication that it is a growing community. A growing community has the greatest chance to attract a lot of home buyers and investors because of the visible opportunities that are available in the place.
3. Home owners Association. There are times real estate investors are choosing to have the place that shares common necessities like in a condominium that is why it is better to have knowledge on the rules of the place. You need to make sure that you as a member of the home owners association is given right and just treatment and protected by bad elements that can be found in the place.
4. Property tax. Knowing which place offers better tax structure is needed to know by real estate investors so that they can choose wisely which place is good to have as an investment. Remember that a place that offer lower property tax will be patronized more by many people. Reports from real estate agents about a place that have the best and worst tax structure are a big help to have an idea on what place to invest in.

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Importance of Staging a House

Have you ever been in a place that looked crowded, unappealing and have a lot of mess? As a home buyer - the first time you visit and look a place that is unattractive surely you’ll be disappointed. That is why sellers should take seriously the challenge of staging their house to give a satisfying property to their buyers once they open it in market.

Home staging provides the best looks for your homes which you can be your edge in selling it in a shortest period of time. Staging is the best thing to do to make sure that your property will be purchased by potential home buyers immediately. Home staging requires a creative art design and great imagination so that you can have a home that will surely attract your buyers. The way you will organize and stage your house must give realization to home buyers that it is great to live in your house and they will not waste their money having your property. 

Pricing is another factor why you should stage your house and it is advised that when you want to sell your house on the price that you want better to do some effort and staging. If you want to add value to your home it is better to stage it and for sure that you will not have hard time selling it in the market. Another importance of staging a house is allowing potential buyers a chance to imagine their life living in your place which is also a great strategy to let them realize that your house is a worthy investment. Remember that unattractive house have the greater chance of staying in the market for a long period of time but if you are going to give an attractive look to your house for sure that you will immediately sell your house and at the price that your house deserve.

Houses for sale that undergo home staging are more patronized by home buyers than ordinary houses. Home staging also is a way to convince home buyers that they are not going to regret buying your house and home staging is a way to boost all the good things in your property. First impression last that is why it is better to give the best first impression to home buyers as they visit and look around your house. Remember that they need to have a realization that there is nothing they can compare to your house so better to give the best in staging your house.

These simple values that you will get once you stage your house plays a vital role for you to sell your house in a quickest way and definitely at the higher price that you want. Keep in mind that all the expenses that you will have in staging your house will all be reimbursed on the price that you will give for your house as you trade it.

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