5 Reasons Why It Seem Like Commercial Real Estate Is Less Popular

In most jurisdictions in the United States, all real estate sales license are the same. This means that although there may be special designations and certificates that indicate that a real estate professional specializes in a certainty type of real estate sales, there is no difference in the type of a license that a commercial real estate salesperson obtains that distinguishes it from the licenses of a residential agent. It is for this reason that most commercial real estate brokerages have extensive training programs and some require up to a year of mentoring before an agent to attempt to pursue a listing on their own. In contrast, licenses for a real estate attorney or a real estate appraiser are distinct and require different types of training. So, if most real estate sales license holders can sell both commercial and residential real estate, why do most choose to only sale residential real estate? Some of the reasons are presented below.

Hotel Valuation, A Quick and Dirty Guide

We are in the midst of the 30 days of content from TRET and on the heels of our post about the W Hotel, here is a quick guide on how to price hotels. The Arrowfish Consulting blog has a great article on hotel valuation. This article is a great reference for anyone looking to get a basic understanding of how to value hotel properties. This article highlights the following methods:

Real Estate Blogs: The Lay of the Land

Normally we at TRET are content to remain in our corner of the real estate blogosphere, offering insightful content on all things real estate. The state of real estate blogging, however, has changed in the 13 years since this blog has begun and it is necessary to take a look at the types of real estate blogs that populate the Internet in 2024. There are a multitude of topics on which real estate blogs can focus, from commercial real estate, to real estate investment to lending and mortgage markets. There is also no shortage of target audiences for a real estate blogger, including real estate brokers, first time homebuyers, real estate technology users and even bankers. The variety of options available has made this subset of blogs significantly larger than when TRET first began.  For reasons of formatting and redundancy, this article will not merely be a list of reviews of other real estate blogs. There are a number of websites that already successfully provide extensive reviews of the real estate blogosphere like: The Close or Feed Spot, among others. Instead, the purpose of this article is to organize, categorize and put a face on the large and growing ecosystem of real estate blogs, in order to make this corner of the Internet a little less daunting.

Digitization and the Real Estate Professional

There is no denying that the role and purpose of a real estate professional has changed over the past five years. From advances in artificial intelligence, to the popularity of digital real estate, to the presence of large full service real estate companies in the market, like Zillow 2024, this market is very different from that of 2019. Add to this mix the weakening of real estate professional organizations, like the National Association of Realtors via the NAR settlement and it becomes even more apparent that the real estate service market is in a state of change. Given the current state of flux in the market, some have begun to question the role of a real estate professional. It has therefore become imperative that real estate professionals recognize their current competitive advantages in order to thrive.

There’s No Place Like Home For the Holidays: A Look At The Multifamily Market

Thanksgiving has passed and the holiday season has officially begun, so it is only natural that TRET finishes its real estate asset class series with a look at home—multifamily properties. Also, for those who consider the holidays a time to get away, we’ll also take a look at the state of hospitality properties, as well.

Unlocking Retirement Wealth: A Senior’s Blueprint to House Flipping Success

By Sharon Wagner

Please enjoy this article from guest author, Sharon Wagner. TRET will return next month with another article continuing its series on property types.

Navigating the world of house flipping can be an exciting and profitable journey for seniors who are seeking an active and rewarding retirement. While the venture promises lucrative gains, it also calls for strategic planning, unwavering dedication, and tactical execution.

The following are indispensable guidelines aimed at assisting mature adults in carving out a successful career in the house-flipping arena, while also enjoying a balanced lifestyle. The Real Estate Think Tank explores these crucial facets in detail.

Press ‘Home’ — Selling Properties With Smart Tech

 

Please enjoy this article from guest author Suzie Wilson  of  Happierhome.net

There are many advantages to home automation: ease of use, better accessibility, and let’s face it — there’s something cool about a fireplace that starts up when you clap. What you may not have foreseen, however, are the benefits that technology provides when selling a property.

The Role of Tech

 In almost all areas of life, it’s clear that the pandemic has increased our reliance on tech. This is no less true in the housing market, where the need to actually step inside a property has been somewhat reduced by the use of 3D walkthroughs, video-chat tours, virtual open houses, and Zoom realtor consultations. This is good news for prospective sellers as, in the wake of COVID, housing sales have bounced back to levels unseen since pre-2008. If you are looking to sell your property, physical limitations need not slow you down.

Real Estate in the Time of Pandemic

Photo by CDC

With our country beginning to find its way to a new normal at the end of months of quarantine, we in the real estate market are all left with one nagging question—What should we expect from here? 

Like most people, I do not have definitive answer. If you are over the age of thirteen, however, this pandemic is certainly not the first market disruption that you have experienced and with each such occurrence, we all learn some valuable lessons about the real estate industry. With that said, here are a couple of lessons that we can learn from this particular time of change: 

The Real Estate Sales Game (Part 2)

In Part 1 of this post, three aspects of real estate sales were addressed--lead generation, asset valuation, asset management. These real estate sales characteristics require a specific approach when applied to real estate sales. In this post, the remaining two aspects of real estate sales will be discussed--marketing and customer relations. These aspects of sales are more uniform across all sales profession, both in and out of the real estate industry.

As a reminder, the term real estate salesperson includes all real estate professionals that spend a significant portion of their time selling real estate assets, including property salespeople, real estate capital markets sales professionals and commercial and residential loan officers. 

The Real Estate Sales Game (Part 1)

Interestingly, I have over 10 years of experience as a real estate salesperson and attorney and have yet to write a post on the mechanisms of real estate sales. An understanding of real estate sales can be useful in informing the perspective of a real estate investor. Real estate salespeople have an intimate understanding of market activity, market trends and asset valuation that can prove valuable to all real estate investors.