The subject of real estate is increasingly becoming important, especially in the countries of the developing world. States and governments realise that real estate is a corner stone of socio-economic ...development. Real estate development contributes immensely to the gross physical capital formation. Its formation, construction and ancillary sectors contribute to the employment, infrastructure development and gross domestic product. The main challenges about real estate is about where to develop it, how to develop it, how to manage and compute valuations about it. Such are the issues discussed in this volume. The book draws on Zimbabwe as a case study, to demonstrate the critical aspects that define theory and real estate practice in various contexts - national, regional and international.
Co-Listing Strategies: Better Transaction Outcomes? Allen, Marcus T.; Benefield, Justin D.; Rutherford, Ronald C.
The journal of real estate finance and economics,
10/2023, Letnik:
67, Številka:
3
Journal Article
Recenzirano
A co-listing strategy exists when two or more listing agents jointly represent the owner of a property who desires to sell it. This strategy is not new in the real estate brokerage industry, but its ...popularity has increased during recent years with the formation of teams of agents who repeatedly work together using the co-listing strategy. To date, the literature has not analyzed this business strategy. This study investigates the probability of selling, selling price, and time on market effects related to the use of the co-listing strategy. The results of this study indicate that co-listing is associated with a higher probability of sale, an increased selling price, and a marginal longer or shorter marketing time, depending on the situation. Comparing market outcomes for agents who form teams and repeatedly employ the co-listing strategy against market outcomes for agents who are involved in only one co-listing indicates that both types of co-listing produce higher prices and are more likely to result in a sale, but the effects for repeated co-listings are larger in magnitude. Additionally, repeated co-listing slightly reduces marketing time, but single co-listing slightly increases marketing time. The marketing time effects in both repeated and single co-listings, however, are too small to be economically important. In general, this study suggests that sellers are better served by the co-listing strategy compared to no co-listing, especially when the co-listing agents repeatedly work together in teams.
Packed with new material and updated for the 2016 (and beyond) market, this guide will show you how to find properties, how to list them, how to sell them, and how to get your commission.
What is the impact of real estate prices on corporate investment? In the presence of financing frictions, firms use pledgeable assets as collateral to finance new projects. Through this collateral ...channel, shocks to the value of real estate can have a large impact on aggregate investment. To compute the sensitivity of investment to collateral value, we use local variations in real estate prices as shocks to the collateral value of firms that own real estate. Over the 1993-2007 period, the representative US corporation invests $0.06 out of each $1 of collateral.
Sustainable Real Estate in the Developing World offers a perfect and ideal synthesis of works that examine sustainability within various facets of real estate and urban development in the developing ...world. A must-read for academics, researchers, policy-makers and students in all the built environment disciplines.
Shanghai Pudong Chen, Y
2007, 2007-06-07, 20070101, Letnik:
14
eBook
This publication concerns large-scale urban area development in general, and in particular with gaining an understanding of the role played by global-local interaction in shaping the area development ...strategies in one particularly explosive urban project, the development of Shanghai's Pudong New Area. The Pudong development provides an extreme example of a situation in which interaction between global and local forces took place in a location whose boundaries had been closed to the outside world for almost forty years and in a period when doors and windows were beginning to open. The research led to a concrete interpretation of the tensions developing at district level and provided an example capable of representing the complexity and dynamics of current area developments. The practical question addressed by the research was: What were the main factors responsible for the speed achieved by the Pudong development? The associated theoretical question was To what extent did the development of the Pudong New Area reflect the characteristics of a developmental state?.
At the turn of the early twentieth century, Harlem-the iconic Black neighborhood-was predominantly white. The Black real estate entrepreneur Philip Payton played a central role in Harlem's ...transformation. He founded the Afro-American Realty Company in 1903, vowing to vanquish housing discrimination. Yet this ambitious mission faltered as Payton faced the constraints of white capitalist power structures. In this biography, Kevin McGruder explores Payton's career and its implications for the history of residential segregation. Payton stood up for the right of Black people to live in Harlem in the face of vocal white resistance. Through skillful use of print media, he branded Harlem as a Black community and attracted interest from those interested in racial uplift. Yet while Payton "opened" Harlem streets, his business model depended on continued racial segregation. Like white real estate investors, he benefited from the lack of housing options available to desperate Black tenants by charging higher rents. Payton developed a specialty in renting all-Black buildings, rather than the integrated buildings he had once envisioned, and his personal successes ultimately entrenched Manhattan's racial boundaries. McGruder highlights what Payton's story shows about the limits of seeking advancement through enterprise in a capitalist system deeply implicated in racial inequality. At a time when understanding the roots of residential segregation has become increasingly urgent, this biography sheds new light on the man and the forces that shaped Harlem.
Cities are always changing: streets, infrastructure, public spaces, and buildings are constantly being built, improved, demolished, and replaced. But even when a new project is designed to improve a ...community, neighborhood residents often find themselves at odds with the real estate developer who proposes it. Savvy developers are willing to work with residents to allay their concerns and gain public support, but at the same time, a real estate development is a business venture financed by private investors who take significant risks. InHow Real Estate Developers Think, Peter Hendee Brown explains the interests, motives, and actions of real estate developers, using case studies to show how the basic principles of development remain the same everywhere even as practices vary based on climate, local culture, and geography. An understanding of what developers do and why they do it will help community members, elected officials, and others participate more productively in the development process in their own communities.
Based on interviews with over a hundred people involved in the real estate development business in Chicago, Miami, Portland (Oregon), and the Twin Cities of Minneapolis and St. Paul,How Real Estate Developers Thinkconsiders developers from three different perspectives. Brown profiles the careers of individual developers to illustrate the character of the entrepreneur, considers the roles played by innovation, design, marketing, and sales in the production of real estate, and examines the risks and rewards that motivate developers as people. Ultimately,How Real Estate Developers Thinkportrays developers as creative visionaries who are able to imagine future possibilities for our cities and communities and shows that understanding them will lead to better outcomes for neighbors, communities, and cities.
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