David Azimi’s Post

In Property Development, Understanding your House Prices is just as Important as Cost Estimation, but it can be Twice as Hard to establish. How do you manage this? - Development Costs and Sales Values are the two key financial figures to get right during financial analysis. Cost estimation can be 'easier' because it's relatively scientific. Once you've got a relatively developed concept design, you can easily build up the cost using market rates. However, estimating your sales values can often feel more like an art than a science. A great example of this is a project I'm currently involved in - We got two Valuations done for the same houses. Funnily, these Valuers (experts in determining house prices) which came back with two very different prices... Getting these figures right is hard, and takes a lot of research and understanding to do well. Its critical to get these numbers right though, as it can affect your profits, access to funding, and project risk. So how do you determine sales values? Here’s some key considerations: 1. Look at Recent Sales, and Take Listing Prices with a Grain of Salt Homes.co.n is a great resource if you don’t have access to full REINZ data. Look at your area and see what similar typologies have actually sold for in recent months. If multiple similar houses have sold for X amount, you can be confident that your similar product will sell for that too. Remember: Listing Prices aren’t actual sales data. Make determinations on which properties are superior or inferior to yours, and make adjustments to arrive at your pricing. 2. Talk to Agents; they’re the ones focused on Sales! Hard data online tells only part of the picture. Candid conversations with local agents can give you a much more comprehensive understand. For example, was that particular property sold easily, or was it a difficult sale? What types of people are buying? What features are they looking for? What are the key locational features to be aware of (good streets, bad streets)? Experienced agents want to help you and have an intimate understanding of what drives value. 3. Who’s Buying these Homes? Understand your Demographic. It’s important to understand who is buying and what their drivers are. Is this their first or second home? Are they elderly, making stairs an issue? Are schools important? Are they looking for high spec or affordability? These are key questions to help inform your design & marketing process and ensure your product meets the market. Understand this part of the process intimately. In this part of the development cycle, your Exit is one of the most risky elements! Know your numbers and dont take unnecessary risks.

Discover Your Dream Home with The Canadian Home App! Are you on the hunt for the perfect first time home or an investment property in Ontario? Look no further than The Canadian Home App, your ultimate tool for navigating the dynamic real estate market in Ontario, Canada. Whether you're a first-time homebuyer, a seasoned investor, or looking to upgrade, our app is designed to simplify your search and help you find your dream home with ease. Why The Canadian Home App is a Game-Changer: 1. Comprehensive Listings: Access the most extensive and up-to-date listings across Ontario. From cozy suburban homes to luxurious downtown condos, The Canadian Home App has it all. Our app ensures you never miss out on a new listing, providing real-time updates to keep you ahead in the competitive market. 2. Advanced Search Filters: Tailor your search to fit your exact needs. Filter by location, price range, property type, number of bedrooms, and more. Our intuitive interface makes it easy to find homes that match your criteria, saving you time and effort. 3. Interactive Maps: Visualize your potential new neighborhood with our interactive maps. Explore nearby amenities, schools, parks, public transportation, and more. The Canadian Home App helps you get a feel for the community before you even step foot in it. 4. Expert Insights: Stay informed with market trends and expert advice. Our app provides valuable insights into market conditions, helping you make informed decisions. Get tips on buying, selling, and investing from industry experts right at your fingertips. 5. Seamless Communication: Connect directly with real estate agents and property sellers through the app. Schedule viewings, ask questions, and get the information you need without any hassle. The Canadian Home App streamlines the communication process, making it easier than ever to move forward with your home search. 6. Exclusive Deals and Offers: Be the first to know about exclusive deals and offers. The Canadian Home App partners with top developers to bring you special promotions and incentives, ensuring you get the best value for your money. The Importance of The Canadian Home App in Ontario’s Market: Ontario's real estate market is fast-paced and ever-changing. Having the right tools at your disposal is crucial to staying competitive. The Canadian Home App not only provides a comprehensive view of available properties but also equips you with the knowledge and resources needed to make confident decisions. In a market where timing is everything, The Canadian Home App ensures you're always a step ahead. With features designed to enhance your home-buying experience, it's no wonder more and more Ontarians are turning to our app to find their perfect home. Download The Canadian Home App today and take the first step towards finding your dream home in Ontario. Your perfect home is just a tap away! DOWNLOAD TODAY!!! https://lnkd.in/gxMzPGte

🏡 Why Now is the Perfect Time to Sell Your Home in Las Vegas 🏡 If you've been contemplating selling your home in Las Vegas, there's no time like the present. The dynamic and ever-evolving real estate market in this vibrant city presents a unique opportunity for homeowners. Here are several compelling reasons why you should consider selling your home now. 🏡 Strong Seller's Market** The Las Vegas real estate market is currently experiencing a strong seller's market. This means there are more buyers looking for homes than there are available properties. Low inventory levels often lead to competitive bidding, driving up home prices and increasing your potential profit. 🏡 Rising Home Values Home values in Las Vegas have been on a steady rise over the past few years. This trend is expected to continue, but current prices are already at a peak, allowing you to capitalize on significant appreciation. Selling now ensures you take advantage of this market condition before any potential market adjustments. 🏡 Economic Growth and Job Opportunities** Las Vegas continues to attract new residents due to its robust economy and abundant job opportunities, particularly in the tech and entertainment sectors. As more people move to the city for work, the demand for housing increases. Selling your home now allows you to take advantage of this influx of buyers. 🏡 Appealing Lifestyle and Amenities Las Vegas offers a unique lifestyle with world-class entertainment, dining, and recreational opportunities. The city's diverse range of amenities, from outdoor adventures to cultural attractions, makes it a desirable place to live. Highlighting these features in your marketing can attract buyers looking to enjoy the vibrant Las Vegas lifestyle. 🏡 Preparing for Future Investments** By selling your home now, you can free up capital for future investments. Whether you're looking to upgrade to a larger property, downsize, or invest in different opportunities, having liquidity allows you to act swiftly and take advantage of new prospects as they arise. 🏡 Professional Real Estate Guidance** Navigating the real estate market can be complex, but with the help of a knowledgeable and fun Realtor in Las Vegas (like myself!), the process becomes much more manageable. From pricing your home correctly to staging and marketing it effectively, I can provide the expertise and personalized service to ensure a smooth and successful sale. Conclusion The current Las Vegas real estate market offers an excellent opportunity for homeowners to sell their properties at a premium. With rising home values, low interest rates, and a growing demand for housing, now is the perfect time to list your home. Partner with a seasoned Realtor to maximize your return and make the most of this favorable market. If you're ready to explore your options, feel free to reach out – I'm here to help you every step of the way!

Things you must check if you are planning to buy a home in Baltimore Baltimore, A Rising Real Estate Market Baltimore's real estate market is one of the most underrated among major cities. Despite past challenges, the city is undergoing a rapid change. Thousands of young professionals are moving in, adding vibrancy into the community. Townhouses are the most common housing type in Baltimore. Until early 2024, desirable townhouses in good neighborhoods could be found for $300K or less. However, people are now realizing the city's real estate potential. Both short-term and long-term rentals consistently maintain high occupancy rates. Positive changes are happening even in previously undesirable areas. As the result, now you will need at least $400K to have your own townhouse in a desirable area. But you can still find very affordable townhouses in some neighborhoods where rapid changing is happening. Check Vacant Notice Whether you're looking to buy a home or invest in real estate, identifying a good property is crucial now more than ever. However, caution is necessary when purchasing properties in Baltimore City. Due to the rapidly rising market, some properties listed may not be legally rentable or habitable. The city enforces regulations regarding vacant properties. Properties left unoccupied for a specific period receive a Vacant Notice and penalty, making them uninhabitable and unrentable until the owner takes corrective action. Recently, I've observed many properties lacking rental potential on the market. For this reason, partnering with a knowledgeable realtor like Nathan Jeon of EXP Realty (it’s me) is highly recommended during your house hunt. Ground Rent: Advantage or Inconvenience? Some properties in Baltimore are listed at lower prices than comparable ones. This is often due to "ground rent." This means the owner of the building and the owner of the land are not the same. While typically the same person owns both land and the house, in Baltimore, it's pretty common for them to be different. Ground rent properties can be 10~15% cheaper than similar properties nearby. Ground rent itself is relatively negligible, typically costing less than $200 per year, in many cases it’s under $100. Additionally, by law, if you wish to purchase the ground, the owner must sell it to you (ground rent redemption). While the cost of redeeming the ground rent is only a few thousand dollars, it comes with the hassle of dealing with city paperwork. However, for those with the time and resources, redeeming ground rent can be a profitable investment, especially considering the discounted price of the building. Also, these are staying longer on the market than other properties without ground rent. It means we can ask seller to assist your closing cost. Overall, Baltimore's real estate market presents exciting opportunities for both homeowners and investors. Nathan EXP Realty LLC Equal Housing Opportunities Office 8888607369

Des Moines, Iowa, is not only the capital city but also a thriving hub with a diverse economy and a rich cultural scene. As the city continues to grow, so does its housing market, offering a unique blend of opportunities for both buyers and sellers. In this post, we'll delve into the current state of the housing market in Des Moines and explore the factors contributing to its dynamism. Market Trends: Des Moines has witnessed a notable surge in its real estate market in recent years. The demand for homes in the city and its surrounding areas has been on the rise, driven by factors such as job opportunities, a low unemployment rate, and a relatively low cost of living compared to other metropolitan areas. Home Values and Prices: Home values in Des Moines have seen steady appreciation, making it an attractive market for potential investors. The city offers a range of housing options, from historic neighborhoods with character-filled homes to modern developments featuring state-of-the-art amenities. The diverse inventory caters to various preferences and budgets. Inventory and New Developments: The city's housing market has been characterized by a balanced inventory, providing options for both buyers and sellers. Additionally, Des Moines has seen a surge in new developments, including residential projects that cater to the growing demand for contemporary living spaces. Affordability and Mortgage Rates: Des Moines stands out for its affordability compared to national averages. The city's real estate market benefits from relatively lower mortgage rates, making homeownership more accessible for a broader demographic. This affordability factor has contributed to a steady influx of new residents seeking to establish roots in Des Moines. Local Amenities and Neighborhood Dynamics: Beyond the housing market, Des Moines boasts a range of amenities, including parks, cultural institutions, and a vibrant downtown scene. These factors play a crucial role in influencing housing preferences, with neighborhoods offering unique characteristics and lifestyles to residents. Future Outlook: As Des Moines continues to experience economic growth and attract businesses, the housing market is expected to remain robust. The city's strategic location, coupled with ongoing developments, positions it as a promising real estate market with potential for future appreciation. Conclusion: The housing market in Des Moines, Iowa, reflects the city's overall vibrancy and economic strength. Whether you're a potential homebuyer, seller, or investor, Des Moines offers a dynamic landscape with diverse options and the promise of a bright future in the heart of the Midwest. #DesMoinesHousing #RealEstateTrends #MidwestLiving #Homebuying #InvestmentOpportunities #UrbanLiving #DesMoinesCulture #AffordableHomes #FutureofRealEstate Ben Grotzke Clarkson Realty Group LPT Realty 515-745-0425 Mobile Ben@bengrotzke.com BenGrotzke.com Licensed in Iowa

Tacoma Seattle WA Real Estate Market Update - October 2023 🎥 Welcome back to our specialized real estate channel, dedicated to bringing you the most up-to-date insights and trends in the Tacoma Seattle real estate market for October 2023, utilizing data and statistics from September. 🔸 What's Inside This Video: 📊 Comprehensive Market Analysis: Dive deep into a thorough analysis of Tacoma’s current real estate conditions, examining everything from the average days on the market to median sale prices and inventory levels in Tacoma, Seattle, and their neighboring areas. This analysis is crucial for anyone involved in the real estate market, from buyers and sellers to fellow Tacoma realtors, providing essential insights to successfully navigate the market. 🏡 Tacoma Real Estate Focus: Explore the unique characteristics of Tacoma’s real estate market, understanding how its rich history, cultural diversity, and waterfront living create a hot spot for potential homeowners and investors. Gain insight into the current demand for homes in Tacoma, and arm yourself with the knowledge needed to make informed decisions in this competitive market. 🌆 Seattle Market Insights: Turn your attention to the bustling city of Seattle, unpacking the trends and opportunities that define this metropolitan real estate market. Learn about the impacts of the tech boom, the appeal of various neighborhoods, and equip yourself with the knowledge to navigate and capitalize on the Seattle real estate landscape. 📈 Future Market Forecasts: Utilize the data from September to look forward and make predictions about the future of real estate in both Tacoma and Seattle. Whether you’re considering a move to Tacoma, investing in property, or just curious about the market, this forecast offers a strategic outlook on upcoming developments and opportunities. 🏠 Property Showcase in Tacoma: Join us for an exclusive tour of a prime Tacoma property, highlighting the features and trends that currently appeal to the market. This segment is invaluable for homeowners looking to sell and prospective buyers, offering insights on how to make a property stand out in today’s competitive market. 💬 Get in Touch! Your journey in real estate matters to us. We are here to provide advice, support in buying or selling property, or just to answer your questions about the Tacoma-Seattle real estate landscape. Reach out and let’s achieve your real estate goals together. 📞 Direct Contact: (253) 310-1558 📩 Email: george.rodriguez@exprealty.com 🌐 Website: https://lnkd.in/gHbDq9Zh YouTube | YouTube.com/@georgeoctavio 👍 Support and Engage: Your engagement is vital to us! If this video provides you with valuable insights, please give it a thumbs up, share it with your network, and subscribe for more detailed updates on the Tacoma-Seattle real estate market.

📊 Real Estate Market Update Alert! 🏡📈 Hey there, fellow real estate enthusiasts! 🏡💼 We've got some intriguing news for you about the housing market. August brought us some noteworthy developments that are worth diving into. 📅🏠 📉 Soft home sales were the talk of the town last month. While it might sound surprising, it's essential to understand the context. The slight dip in sales can be attributed to various factors, including seasonality and market adjustments. 📉🤔 📈 On the flip side, what's truly exciting is the surge in listing activity. We're seeing a robust increase in homes hitting the market, offering more choices and opportunities for buyers. 🏠📈 Now, let's get into the nitty-gritty details: ➡ Median sale prices remained stable, making it a favourable time for buyers looking for value. ➡Interest rates continue to be historically low, making homeownership more affordable than ever. ➡The suburbs are seeing a surge in demand, offering spacious living and excellent school districts. 🏡 Average Property Prices: ➡Detached homes, on average, commanded a price of $884,390. This reflects a 3.9% increase compared to August 2022, highlighting the enduring value of detached properties. ➡For those considering townhouses, the average sale price clocked in at $659,704, marking an impressive 8.0% uptick from August 2022, making it a hot segment in the market. ➡If apartment-style condominiums are on your radar, the average sale price stood at $485,205, signalling a 4.1% increase from August 2022. ➡Semi-detached homes boasted an average sale price of $669,044, registering a 2.0% increase from August 2022. These price trends, coupled with other market dynamics, paint a comprehensive picture of our real estate landscape. Curious to explore further? Head over to the full report in our video for a comprehensive breakdown of the numbers and insightful analysis. These stats could be your compass in the real estate journey, helping you make informed decisions. 💡🏡 Whether you're in the market to buy, sell, or just an avid real estate follower, this information is gold! Share this post to keep your friends and family in the know – let's empower each other in navigating the real estate landscape! 📲👨👩👧👦 Reach out to our team of trusted real estate experts at Catana Team, and let's make your real estate dreams a reality! 🤝 Don't miss out on this exciting market! Let's get started today! 🏘️📞 🔑 Catana Team Real Estate ✨ Emanuel Catana ✨ Michael Catana ✨ Ana Pasca 🔹 Sales Representatives 📞 (519) 501-3399 🌐 https://catanateam.ca/ #AugustStats #RealEstateMarketUpdate #LocalMarketKnowledge #RealEstateExperts #OntarioRealEstate #MarketTrends #SoldSmart #Ontario #KitchenerWaterlooCambridge #KWC #Waterloo #WaterlooRegion #Kitchener #Cambridge Smart From Home Realty Ltd., Brokerage

🏡 Peel Region Real Estate Trends: Insights from Expert Realtor Senjey Joshi 🏡 Navigating the real estate market can be a daunting task, especially in a dynamic region like Peel. As a seasoned real estate professional, I’m here to provide you with the latest trends and insights to help you make informed decisions. 📈 Current Trends in Peel Region Real Estate: Increased Demand for Suburban Living: With the rise of remote work, more buyers are seeking homes in suburban areas like Brampton and Caledon, valuing the space and tranquility they offer. Surge in Property Values: The Peel Region has seen a steady increase in property values, making it an attractive area for both buyers and investors. This trend is expected to continue as demand remains high. Shift Towards Eco-Friendly Homes: There’s a growing interest in eco-friendly and sustainable homes. Buyers are increasingly looking for properties with energy-efficient features and green building materials. Low Inventory Levels: The market is experiencing low inventory levels, leading to competitive bidding and quick sales. Sellers are in a favorable position, often receiving multiple offers above the asking price. Investment Opportunities: Peel Region presents numerous opportunities for real estate investors. With its growing population and strong economic prospects, the area offers potential for high returns on investment properties. 🔍 What This Means for Buyers and Sellers: For Buyers: Act Fast: With low inventory and high competition, it’s crucial to move quickly when you find a property you like. Having a knowledgeable realtor like myself can give you an edge in securing your dream home. Consider Future Value: Look for properties with features that will likely increase in value over time, such as eco-friendly designs and proximity to amenities. For Sellers: Maximize Your Home’s Appeal: Staging your home and highlighting its best features can attract more buyers and potentially lead to higher offers. Strategic Pricing: Setting the right price is key. I can provide you with a comprehensive market analysis to ensure your home is competitively priced. 🌟 Why Choose Senjey Joshi? As a dedicated realtor with MaxxWorth HomeGroup under eXp Realty, I bring extensive knowledge and expertise in the Peel Region real estate market. My goal is to provide personalized service and strategic guidance to help you achieve your real estate goals. 🔑 Get Started Today: Whether you’re looking to buy, sell, or invest in Peel Region, I’m here to help you navigate the market with confidence. 📞 Phone: 647-828-2002 📧 Email: senjey.joshi@gmail.com

What Factors Determine Property Value? * Several factors can influence the value of a property. These factors can vary depending on the location, type of property, and market conditions. Here are some common factors: * 1- Location: The location of a property is a crucial factor in -determining its value. Desirable locations with good amenities, proximity to schools, shopping centers, transportation, and low crime rates tend to have higher property values. * 2- Size and Features: The size of the property, including the land and building, affects its value. Larger properties generally have higher values. Additionally, specific features like the number of bedrooms and bathrooms, the presence of a garage or pool, and the overall condition of the property can impact its value. * 3- Comparable Sales: Recent sales prices of similar properties in the same area, known as comparable sales or "comps," play a significant role in determining property value. Appraisers and real estate professionals use these comparables to assess the fair market value of a property. * 4- Property Age and Condition: The age and condition of a property can affect its value. Newer properties or those that have been well-maintained and updated often have higher values than older or poorly-maintained properties. Renovations and upgrades can also increase the value of a property. * 5- Economic Factors: Economic conditions, such as supply and demand dynamics, interest rates, and job growth in the area, can influence property values. A strong economy and high demand for housing typically lead to higher property values, while economic downturns can have the opposite effect. * 6- Market Conditions: The overall real estate market conditions, including the level of buyer demand and the number of available properties (supply), can affect property values. In a seller's market with high demand and limited inventory, property values tend to rise. Conversely, in a buyer's market with low demand and ample supply, property values may decline or remain stagnant. * 7- Amenities and Services: The availability of amenities and services in the vicinity, such as parks, schools, hospitals, public transportation, and shopping centers, can influence property values. Properties located near desirable amenities often have higher values. * If your interested in knowing what your home is worth, give me a call and let's talk. * Changing one life at a time. You can be the next happy client. Call today, my phone is always on. Lisa M Siner REALTOR®, GRI, MRP, SRS, SFR Xcellence Realty, Inc. (407) 486-8605 "Dedicated In Helping You Plant Your Home Roots" #centralfloridarealestate #polkcountyrealtor #buyersagent #listingagent #realtor #forsale #sold #closed #lisstwithlisamsiner #firsttimehomeowners #relocatingtoflorida #newconstruction #mortgage #homeownership #realestatewithsiner #movingforwardtogether #changingonelifeatatime #integrityfirst #qualityoverquantity

🏡 Exciting News for Novi, MI Real Estate Market! 📰 Are you considering diving into the bustling real estate market of Novi, MI? Before you take the plunge, let's debunk some commonly held misconceptions that may hinder your success. Myth: Novi's Market is Only for High Rollers 🚫 Reality: Novi has a diverse range of properties for various budgets. It's easy to assume that Novi's real estate market is exclusively for the affluent. However, the truth is that the city offers something for everyone. From cozy condos to family-friendly homes, Novi caters to a wide spectrum of buyers. Don't let this myth discourage you from exploring the options that fit your financial comfort zone. Myth: Timing Doesn't Matter 🚫 Reality: The timing of your real estate endeavors can significantly impact outcomes. Waiting for the "perfect" time to buy or sell might lead to missed opportunities. Novi's market, like any other, experiences fluctuations. It's crucial to stay updated on market trends and work closely with a knowledgeable real estate agent who can guide you through the ebbs and flows. Sometimes the best time is when you're ready, armed with insights and a skilled agent. Myth: DIY Is the Best Approach 🚫 Reality: Enlisting a real estate professional can save time, money, and hassle. With an abundance of online resources, some may believe they can navigate the real estate journey solo. However, the process can be complex, involving legalities, negotiations, and paperwork. A seasoned real estate agent brings valuable experience and connections to the table, streamlining your path and ensuring you make informed decisions. Myth: Bigger is Always Better 🚫 Reality: The ideal property size depends on your lifestyle and needs. Don't fall into the trap of thinking that a bigger property is the ultimate goal. Your real estate choice should align with your lifestyle, preferences, and future plans. Whether it's a charming cottage or a spacious suburban home, the right fit matters more than sheer size. Myth: Renovations Always Add Value 🚫 Reality: Not all renovations guarantee a significant return on investment. While renovations can enhance a property's appeal, not all upgrades translate to added value. It's essential to prioritize projects that align with current market trends and cater to potential buyers' preferences. Engage in thoughtful renovations that offer a good balance between aesthetic appeal and financial gain. In the vibrant landscape of Novi's real estate market, debunking these misconceptions is your passport to success. Armed with the right knowledge, you're well-prepared to navigate the journey with confidence. Remember, Novi has a place for everyone, timing matters, professional guidance is invaluable, size isn't everything, and renovations should be strategic. 🏠🔑 #realestate #NoviMI #success #realestatemyths https://ayr.app/l/3zTA