Real estate compensation is often viewed through the final transaction. A property sells, a purchase closes or a lease is completed, and the professional fee becomes visible at the end of the process. That can create the impression that the fee is principally payment for the closing itself. In practice, ...
Continue ReadingReal estate transactions frequently require people to make significant decisions with incomplete information, limited time and competing priorities. A buyer may be deciding whether to waive a condition. A seller may be comparing offers that differ in price, certainty and compensation arrangements. A landlord may be evaluating an applicant whose ...
Continue ReadingA real estate transaction is often discussed in terms of price, but price is only one part of the agreement. The structure surrounding that price can be equally important. Conditions, financing, deposits, timing, due diligence, representations, repair obligations, occupancy arrangements and closing requirements all determine how the transaction actually operates. ...
Continue ReadingFor many landlords, the immediate objective when a rental unit becomes vacant is straightforward: find a suitable tenant and begin receiving rent again. That is understandable. Vacancy has a cost, and every additional month without rental income affects the economics of the property. But the decision to accept a tenant ...
Continue ReadingMany consumers still assume that working with a REALTOR® means choosing between two extremes: full traditional representation or handling the transaction entirely on their own. That assumption no longer reflects the way many clients want to work. Some buyers are comfortable finding properties independently but want help evaluating value, structuring ...
Continue ReadingSearching For Industrial Real Estate? Here’s How To Find It Industrial Real Estate has skyrocketed in demand over this economic cycle. Technology continues to develop at a breakneck pace, heavily influencing the way consumers can purchase and receive their goods. This rise of online consumer shopping has not only shifted ...
Continue ReadingMost buyers understand that a REALTOR® can represent them when purchasing real estate, but many are less familiar with the fact that there are several ways that representation can be structured. The traditional full-service model remains common, but buyers today may also encounter cash-back or rebate programs, reduced-service models, self-directed ...
Continue ReadingReal estate representation is sometimes treated as though it is a standard relationship: a buyer hires a brokerage to help purchase a property, a seller hires a brokerage to sell one, and the transaction proceeds under a familiar compensation and service structure. That approach may work perfectly well in many ...
Continue ReadingFor many commercial tenants, occupancy costs are among the largest ongoing expenses associated with leasing retail, office, industrial or mixed-use space. Base rent usually receives considerable attention when the lease is negotiated, but the tenant’s actual cost of occupying the premises often includes much more than the face rent stated ...
Continue ReadingWhen buyers begin thinking about affordability, the purchase price is usually the number that receives the most attention. That makes sense, because it determines the size of the mortgage, the down payment and much of the monthly carrying cost. The difficulty is that the purchase price does not tell the ...
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