These
are certain issues one must consider while dealing in real
estate.
One major issue facing corporate real estate managers is
how to effectively manage the real estate assets in the current
market environment.
Secondly, real estate agents provide information about utilities,
zoning, schools etc. But two common issues a buyer faces while
buying are-
i. Will the property provide the right environment we want
for a home?
ii. Will the property have a good resale value when we are
ready to sell?
Another important issue that any buyer/investor faces is
the legal issue. Real estate laws vary from state to state.
One must consult an attorney licensed to practice law in the
state in which the property is located.
At times, the property a buyer is seeking is available but
not properly advertised. It may take you some time and effort
to search for and locate the right property.
The important issue of finance. We must know our financial
reserves plus our borrowing capacity. If we know about our
current savings, income and debt, then we can take help from
lenders; banks and mortgage companies, which offer some choices
according to your financial capability.
In America, some real estate association and commissions
have sponsored regulation that require all real estate brokers
to provide a minimum level of services which forces sellers
to buy services they do not want or need.
There is the issue of rebates on transaction fees. Some states
in America allow rebates of commissions or fees on real estate
transactions but some states have legislated regulations which
prohibit rebates.
Next is the issue of consumer participation. The consumer
federation of America released a study that real estate boards
and commissions are dominated by real estate practitioners
and they recommended greater participation by consumers; which
is opposed by practitioners - this works against the interest
of ordinary buyers and sellers.
Last but not the least, a lot of hoopla has been floating
around in the news media about the 'bubble' theory of real
estate and that the real estate market is going to burst -
this may have a psychological impact on the potential buyer
or seller.
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