Real Estate Statistics Project Example | Topics and Well Written Essays - 2000 words

Real Estate - Statistics Project ExampleThe sum appears quite a scare for a middle class citizen. However, the deal was easy for Sam as solely he had to do was get by his own smaller 2-BDRM 600 square feet matt for US$135,000 and make up for the difference with the avail of mortgage loan. When he had purchased it, the price amounted to US$70,000 which he had raised with the help of mortgage loan and paying up a couple of years ago.Fortunately for Sam, the person who purchased his old flat was foreigner who nonrecreational up the amount Sam was looking at without a murmur. Coincidentally, the one from whom Sam had purchased the flat he is now living in was also a foreigner who was in a hurry to sell as he was moving out of the United States.Thus, the principles in buying and selling of properties are integral although they may lead slowed down a bit due to the current recession. In Sams case, he salvage a significant amount having purchased a second-hand flat in a premium lo cation. A notice new flat in the same location would have cost him at least 25% more. One may have to pay the agent some commission. However, despite the commission, the overall saving is quite high when compared to purchasing a brand new flat.Normally, when someone purchases realty, he or she has long date plans in mind. Except for housing agents, few may opt for purchasing properties for line of descent purposes. The normal musing for purchase of property is residential or business. Then the property may remain in the custody of the owner for decades unless he or she plans to sell it earlier for some reason.Again, normally nobody thinks much nearly the market value of the flat because, as residents, they do not want to dispose the flat. They need the flat for their residential or business purpose. They cannot do without the flat as it fits their lifestyle. Thus, the market value only serves as a prestige issue rather than any profit or loss in business terms.Likewise, proper ties purchased for business too are not overtly influenced by market trends since the purchase is based on long term requirements. If a firm desires to purchase property for commercial use, it will by all means go by the trends of its balance sheet rather than bemoan the market trends. Chain retailers and eateries much(prenominal) as MacDonald have powered their presence through prudent use of real realm.Real estate is a magnificent method for conserving wealth for those who have the means to purchase property and develop and dcor it. So if you are very rich, come outments in properties will most probably make you richer. This is because when you are rich, you will invest in doing up the property and the environments and this will naturally add to the propertys worth. Secondly, as people realize that you have purchased certain property in a certain location, they will readily buy adjacent properties energy property prices in the process.For instance, if