Real Estate

There are some myths about real estate agents, many of which are not so flattering. But when it comes down to it, real estate agents 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 real estate agents, in fact, are going bald due to stress related hair loss. Same with the fancy dagger-shaped manicures; in actuality, many real estate agents have bitten their nails down to nubs.

Myth #2: Real Estate Agents drive luxury cars while talking on their cell phones.

Fact: Itâ??s true that real estate agents are often trying to do too many things at once, but they like to be careful about it. And though real estate agents would like to make a good impression on you, more often than not they drive Hondas and Toyotas and hope that their hard work will sell you, not their Lexus.

Myth #3: Real Estate Agents know your area.

Fact: Just like normal people, real estate agents canâ??t know everything. Though they do spend a lot of time driving around town, they canâ??t be in all places at once, and they themselves probably have preferences for one neighborhood versus another. Make it clear to your realtor what kind of area you want to live in, and they can help you look within that section of town.

Myth #4: Real Estate Agents live outside of time.

Fact: Real estate agents have lives too, and those lives happen to take place in the same physical realm as yours does. While it might seem like they spend a strangely disproportionate chunk of time speaking with you, they are actually trying to be as time-conscious as possible, so that you can move more quickly into your home and they can move more quickly to helping their next client.

Myth #5: Real Estate Agents just want your money.

Fact: What real estate agents actually want is an easy life. They want to help you find a home you love, and they want to make their (often small) bit of commission off of it (and thatâ??s off the sale, not out of your pocket). They do not want your soul or your firstborn, just some patience, consideration, and a positive home-buying experience for all.

COMMUNITY INFORMATION

Alpine is a community situated in the eastern region of San Diego County within the state of California. There are approximately 19,227 residents in this Zip code (91901) and 6,597 households. The median age of residents is 38.92 years.

TEMPERATURE

The temperature in Alpine is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 76°F. The coldest time of year occurs in January with average temperatures falling to 54°F.

HOME AND REAL ESTATE PRICES

The housing options in Alpine include single-family homes and properties, condominiums, townhouses, and apartments. The price of housing is as follows:

·One bedroom townhouse/condominium start in the low $200,000s.

·Two bedroom townhouse/condominium start in the low $200,000s.

·Three bedroom townhouse/condominium start in the mid $300,000s.

·Two bedroom single-family homes start in the mid $300,000s.

·Three bedroom single-family homes start in the mid $400,000s.

·Four bedroom single-family homes start in the high $500,000s.

REAL ESTATE MARKET TRENDS

As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it’s a buyers market or a seller’s market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year (June 2005).

The median price of single-family homes in June 2006 was $597,500, which represents a 10.2% decline from the previous year. The number of homes sold in June 2006 was 17, which was down 37% from the previous year.

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.

Real Estate can be categorized into two types, namely, Residential Real Estate and Commercial Real Estate. Residential real estate market is basically concerned with the construction of the buildings and homes meant for residential purposes. On the other hand, Commercial real estate market deals with the construction of the buildings and apartments specifically meant for official and commercial purposes.

A high degree of correlation has been observed between the growth rate of both economy and the Real Estate. Another observation highlights the fact that at the time of economic uptrend the performance of the real estate sector remains phenomenal. But at the later stage of the boom period, the commercial real estate sector jumps to the fore and performs extraordinarily. Thus, it has been empirically proved that the commercial real estate market reacts with the boom but with a lag.

Some of the aspects that help Real Estate

Economic growth of a country.

Money trickles down to all sections of the people.

The fruits of the economic growth are first relished by the urban society. Thus, a huge migration of people are observed from rural to the urban places. This migration leads to the increase in demand for more residential places.

Economic growth gives enhanced profit to the Corporate sector. Large parts of the profit is generally used for enlarging the business. Thus, along with increase in business opportunities, the demand for office spaces increase and consequently the commercial real estate market flourishes.

Now, let us visit the market conditions of this sector in some of the important countries.

Real Estate Market in USA

In the year 2005, this market has seen a phenomenal rise. Los Angeles has itself observed a phenomenal rise in the prices of residential real estates amounting to above 14 % during the five year period between 2000 and 2005. But in the year 2006, this market has seen a fall in their sales. This excess supply has caused glut in the market with unsold new houses piling up. Current condition worsened when the mortgage market panicked and the stock market evidenced heavy decline in prices of the real estate companies. Thus, the housing market has seen a declining slope in the year 2006 which is continuing till date. But this fall is partially compensated by the phenomenal rise in the commercial real estate market which has increased at the rate of twelve percent in the financial year 2006.

Real Estate Market in India

This sector is passing through a booming phase during the present time. According to the CEO of a real estate development company, Dun & Bradstreet real estate industry in India is increasing at a break-neck speed of around 30 %. This industry is contributing around seven percent to the national income of India. The total amount of loans forwarded by the financial institutions including the banks has seen a phenomenal growth of around twelve thousand crore rupees between the year 2005 and 2006.

Real Estate