Medical office is one commercial category that has remained relatively recession resistant and it is expected to escape the current economic struggles.
Quoted in Globe Street, Richard Kelley, director of the RealShare Conference Series, said medical office is still an area that is growing and the expansion will continue, even as other markets stand still.
Driving the medical segment: An aging population that requires more medical care coupled with the hospital building boom of recent years.
A recent study by Marcus & Millichap, characterizes the long-term outlook for medical office as increasingly mainstream. "Once viewed as a higher risk specialty asset, medical office properties have become main stream for private and institutional investors. Long-term leases and low tenant turnover, combined with a stable market outlook and advancing medical technology point to a positive future," according to the study.
First, a real estate agent can sell your house faster and for a higher price than you would get by selling it on your own. According to the National Association of Realtors, in 2007, the average price of a home sold by the owner was $180,000. The average price of a home sold by a real estate agent was $240,000. Here are some of the reasons for the difference.
A professional agent is familiar with the prices of similar homes in your area and can help you adjust the asking price higher or lower. Either way, the property will sell faster if the price is right. Real estate agents are good at pricing because they remove themselves from the emotional aspects of selling.
Taking the misery out of finding a buyer is one of a real estate agent's great services.You won't be bothered by odd telephone calls and obvious "lookers" who just want to see your place. It will only be shown to serious and qualified buyers.
Marketing is a big part of the agent's job. He or she will photograph the home and advertise it at no cost to you. It will be included in the Multiple Listing Service so anyone in the country can see it.
Handling the volume of paperwork involved in a closing is part of the agent's job. Today, some purchase agreements are 10 pages long. Add to that the federal, state, and local disclosure papers. The agent can provide a list of professionals you can choose from whose services will be involved.
After the closing and sale are complete, questions can arise on subjects that did not have to be considered at the closing.
Your agent will still be there for you to settle any questions about property tax assessments or other matters that could come up months after the sale.
Are you a buyer?
Most of these skills are also involved in buying a home. The agent will find properties that fit with your needs, wishes, and price range, saving you a great deal of time and trouble. After that comes the price negotiating, helping to find financing, and everything to do with the closing.
I'm licensed Title agent with Elite Title, Inc, working within multiple states. I work with clients on short sales, foreclosures, loan modifications, refinances, FHA, reverse mortgages, ground rents, purchases, and commercial transactions. I have been in the business for 13 years. I'm ready to answer questions, and give you estimates of fees for your transactions.
I love to network with professionals, and brainstorm marketing ideas. You can email me anytime.
