WHAT ARE YOU DOING NEW YEARS EVE? and the 2017 real estate trend predictions you want to know!

| January 17, 2017

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What are you doing this New Year's Eve?  And what real estate trends will dominate 2017?Some like to get out and experience the excitement live and in person to say Goodbye 2016 and Hello 2017!  Maybe that's you!

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Laing O'Rourke

Laing O’Rourke is an international engineering enterprise, with operations in Europe, Australia, North America and the Middle East.

OTHER ARTICLES

Investing in Commercial Real Estate

Article | March 11, 2020

The term “commercial real estate” is a broad phrase that includes several types of properties spanning across certain residential, office, and industrial developments. Commercial real estate investment generally requires more capital than other types of investment projects and involves more experience and time. It is imperative to understand the facts when deciding to become a commercial investor as other people’s livelihoods are at stake. Any mismanagement could be disastrous. As mentioned, “commercial real estate” is a broad category that many types of properties fall under. It is often defined as “real property” (ie: property “fixed” to the land) that generates a profit for the property holder.

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Should Your Real Estate Client Sign An Appraisal Waiver?

Article | August 11, 2021

Real estate professionals sometimes have to answer a buyer’s questions about appraisal waivers. What are they? What do they mean? Is it a good or bad idea for the home loan applicant to sign one? If your client is applying for a home loan, signing an appraisal waiver does not mean that the home won’t be appraised. The lender will insist on an appraisal, to ensure that they’re not lending more money than they can expect to recover if they foreclose on the mortgage. An appraisal waiver is a document loan applicants sign to tell the lender that they’re waving their right to receive the appraisal report at least three days before the loan is consummated. In rare cases, a real estate professional might have to draft an appraisal waiver letter. In that case, the letter should include the name of the applicant, the address of the property, and, if applicable, the number of the loan application. It should state that the applicant knows about the right to receive the appraisal report at least three business days before the loan is consummated and that the applicant waives that right. At no time does the applicant waive the right to receive an appraisal report.

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Real Estate Investing and Financial Literacy

Article | March 2, 2020

Taking financial literacy into consideration will assist in forming a clear understanding of personal finance, how to plan for the future, and to achieve one’s financial goals. While such knowledge could be conveyed in high school, or earlier, it seldom is. For those who wish to invest in real estate, being financially literate is crucial in being a successful investor. This often results in leaving people who lack the necasarry knowledge with the belief that they are incapable of qualifying for a home loan. The key is gaining an education in real estate. A homebuyer or investor who skips doing their homework can end up facing a costly situation that can result in further financial hardship. However, real estate is an industry that’s regulated by an extensive set of laws and ordinances so it’s better to start small and focus on a particular niche in order to avoid becoming overwhelmed.

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Pandemic could mean opportunity for real estate investors

Article | April 8, 2020

The COVID-19 pandemic has left no industry untouched. Many Americans and property owners didn’t have the cash to pay their rent this month. Which means some landlords are going to struggle with the mortgage, which means an opportunity for some property investors. Daniel Lebensohn, co-founder of the investment firm BH3, said buying that distressed debt built the foundation of his company. He said nobody feels good about taking advantage of misfortune, but firms will be looking at this pandemic in the same light.

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