Banking Boost For Menorca Real Estate
by Roger Munns
Despite the recent banking crises in the UK, one of her best known banks and mortgages provider is to open three new offices on the Spanish islands of the Canaries plus the Balearic island of Menorca to meet demand for Britons looking to buy a home in Spain.
The decision by the Halifax was taken from data showing a trend towards Britons buying homes overseas, with Spain the most popular choice.
Part of the decision was to open in Menorca, the quietest of the three Balearic Islands. Commenting on the move a local travel guide commented:
'While Majorca and Ibiza are possibly better known than Menorca, it's perhaps not so surprising that the bank has decided to open an office on the island. The typical buyer for property in Menorca is normally older than that for Majorca and Ibiza, which could mean they are hoping to service their investments and pensions along with a normal account - especially for those moving full time to Menorca.'
Commenting on the new bank branch in Menorca, the company said that the opening of branches away from mainland Spain is an important step in the development of their branch network, and that they will continue to target the Spanish islands in addition to their Spanish mainland business.
Once bought, Menorca villas are often let out to holidaymakers, with the season generally running from May to end September.
As one of the Balearic Islands Menorca is close to better known Majorca, which like Menorca has welcomed many visitors back to live full time on the island. Menorca property has proved popular too, for those looking for a gentler pace of life than big sister Majorca.
Property prices in Majorca are similar to Menorca property, with a range of apartments and villas in both rural and town locations, and with twenty golf courses plenty of golf course developments too.
Menorca has just the one golf course, recently extended to eighteen holes, and is located in Son Park, which has a choice of hotels, apartments and villas for holiday makers.
The cost of flying to Menorca and Majorca has come down in recent years from most European countries due to low cost airlines, especially in the island's core tourist areas of the United Kingdom and Germany, and last year easyJet started direct flights from London's Gatwick Airport to Menorca, having served Majorca for some years already.
The third island in the Balearics is Ibiza, which in turn attracts a different age group and property buyer compared to Menorca and Majorca.
Clubbers from around Europe, and especially from the UK, descend upon Ibiza in the summer months for a week - and often two - of non stop partying.
Ibiza runs second only to the UK's main cities of London, Manchester and Liverpool in terms of popularity for clubbers, and some of the Ibiza clubs are as well known as any in the UK, with some clubbers visiting frequently enough to consider buying an apartment on the island.
Demand for flights to Ibiza has been high enough in recent years for a low cost airline to start two new services from the UK to Ibiza, which should see the number of tourists on the island rise this year.
The two new routes are from Edinburgh in Scotland twice weekly, and London's Luton Airport with both routes offering a daily service. This will be an attraction for those considering buying a property on one of the Spanish islands, and this in time will again attract the British banks to open new offices to cater for those considering buying an apartment or villa.
วันเสาร์ที่ 15 ธันวาคม พ.ศ. 2550
Dallas Real Estate Market
Dallas Real Estate Market
by Richard Soto
With the changes in the market dynamics, the real estate market is currently undergoing a competitive stage. In most places around the country, many sellers and buyer are feeling the pressure. There is strain put on the buyers, who are looking for excellent deals, and the sellers, who are trying to get top dollar for their properties.
The Dallas Texas real estate market is no stranger to feeling the tense urge to buy and sell fast. But in order to expedite the transactions, many people are getting less for their homes then they should. Out of every single Dallas home for sale, there is not one seller who wants to walk away from the table with less money. At the same time, fighting against the sellers are the buyers who want a great deal...or at least wanting to feel like they got a great deal.
Thus, the question most people are asking with Dallas homes for sale is, "how do I sell my home efficiently while getting the most out of my investment?" And the answer is very simple and will work for not only every Dallas Texas real estate owner, but for every real estate owner across the nation.
* Ask for more. This is plain, simple, and to the point. However, many sellers fear asking for more than they feel the house is worth out of fear of rejection. But think of it this way: if you do not ask, you will not get it. No buyer will offer you more then you are asking. Yet, if you put a higher price on the house, people will automatically assume it is worth it. * Build in negotiation room. Another critical point for owners of Dallas homes for sale is that almost every single potential buyer who walks through the door is going to offer you less then the listing price. Whether or not you started your list amount high or low, they are going to offer you less. That is common because everyone wants a good deal. Therefore, if you build in negotiation room, you can make the buyers feel that they got a good deal, while you still get what you want for your Dallas real estate property.
If you start your list price at the minimum that you will accept, there is no room for negotiation. You leave the buyer feeling that you are not willing to be flexible, and they will generally walk.
For example, let us consider that you would really like $130,000 for your Dallas Texas home. Do you list it at that price? Absolutely not. If you listed it at $130,000, there would be no room to negotiate down. By listing your Dallas Texas real estate at a higher amount, you give the buyer room to try and negotiate. You may just end up with the $130,000 that you wanted, and the buyers feel like they got a great deal because they "worked you down."
Therefore, for both you and your buyer to walk away feeling good about your Dallas Texas home, you need to ask for a higher amount then you expect to get. Utilizing psychological tools are important for negotiating a good deal for the following reasons:
* You are increasing the perceived value of your home. * You may actually end up getting the higher price. If you never ask, you will never get it. * You leave room for negotiation, which gives the buyer the sense that they "won" and got a great deal. * You are preventing a deadlock in negotiation.
By simply following this advice, you will be able to get the best deal for your Dallas Texas real estate property, and you will have a very satisfied buyer.
by Richard Soto
With the changes in the market dynamics, the real estate market is currently undergoing a competitive stage. In most places around the country, many sellers and buyer are feeling the pressure. There is strain put on the buyers, who are looking for excellent deals, and the sellers, who are trying to get top dollar for their properties.
The Dallas Texas real estate market is no stranger to feeling the tense urge to buy and sell fast. But in order to expedite the transactions, many people are getting less for their homes then they should. Out of every single Dallas home for sale, there is not one seller who wants to walk away from the table with less money. At the same time, fighting against the sellers are the buyers who want a great deal...or at least wanting to feel like they got a great deal.
Thus, the question most people are asking with Dallas homes for sale is, "how do I sell my home efficiently while getting the most out of my investment?" And the answer is very simple and will work for not only every Dallas Texas real estate owner, but for every real estate owner across the nation.
* Ask for more. This is plain, simple, and to the point. However, many sellers fear asking for more than they feel the house is worth out of fear of rejection. But think of it this way: if you do not ask, you will not get it. No buyer will offer you more then you are asking. Yet, if you put a higher price on the house, people will automatically assume it is worth it. * Build in negotiation room. Another critical point for owners of Dallas homes for sale is that almost every single potential buyer who walks through the door is going to offer you less then the listing price. Whether or not you started your list amount high or low, they are going to offer you less. That is common because everyone wants a good deal. Therefore, if you build in negotiation room, you can make the buyers feel that they got a good deal, while you still get what you want for your Dallas real estate property.
If you start your list price at the minimum that you will accept, there is no room for negotiation. You leave the buyer feeling that you are not willing to be flexible, and they will generally walk.
For example, let us consider that you would really like $130,000 for your Dallas Texas home. Do you list it at that price? Absolutely not. If you listed it at $130,000, there would be no room to negotiate down. By listing your Dallas Texas real estate at a higher amount, you give the buyer room to try and negotiate. You may just end up with the $130,000 that you wanted, and the buyers feel like they got a great deal because they "worked you down."
Therefore, for both you and your buyer to walk away feeling good about your Dallas Texas home, you need to ask for a higher amount then you expect to get. Utilizing psychological tools are important for negotiating a good deal for the following reasons:
* You are increasing the perceived value of your home. * You may actually end up getting the higher price. If you never ask, you will never get it. * You leave room for negotiation, which gives the buyer the sense that they "won" and got a great deal. * You are preventing a deadlock in negotiation.
By simply following this advice, you will be able to get the best deal for your Dallas Texas real estate property, and you will have a very satisfied buyer.
Real Estate Booms and Busts
Real Estate Booms & Busts
Recently, I was on my way back from working with Lou Brown as a coach to his students. On the plane ride home, a fellow coach and I were discussing real estate; of all things! - Can you imagine? ? All of a sudden the man in the seat next to me said "I don't think now is the time to invest in real estate" - blasphemy! - went the little voice in my head. Almost simultaneously my fellow coach and I said, "Actually, this is the best time to invest in real estate." (Jinx) We started talking about the real estate cycles and how this down market is the best opportunity we have seen in years to buy real estate. By the end of the conversation the man seated next to us was asking us for any investments we might have that he could take advantage of in his local area.
This got me thinking about real estate markets and how they work. After all, things do not happen haphazardly; moreover, history often repeats itself. I was also interested in the psychology behind the real estate markets given my background; are you surprised?
There was a lot of talk 2-years ago about the "real estate bubble". U.S. Federal Reserve Chairman Alan Greenspan said in mid-2005 that "at a minimum, there's a little 'froth' (in the U.S. housing market). The Economist magazine, writing at the same time, went further, saying "the worldwide rise in house prices is the biggest bubble in history". So what exactly caused the bubble to break, if there ever was a bubble? The answer may not be quite what you think.
I once heard a great analogy for how the real estate market flows. It was likened to a leaf in a stream; sometimes it is flowing fast, some times it goes slow and maybe it meets a waterfall or gets stuck in an eddy. Over the past 100 years there have been many ups and downs in the market place. Sudden changes in the market are rare, although they do change abruptly. Most certainly there is a psychological component that plays into all of these turns. Analysis of past booms seems to indicate that investors often do not understand the supply response to price increases. Actually, there seems to be a tendency for investors to overestimate how unique an investment is, that they favor, failing to take into account the principles of supply and rising prices. Investors can't possibly imagine how many competitors there really are; hence why so many investors bought into pre-construction in areas that were already saturated with pre-construction units. The end of booms seems to be associated with the increase in supply of the investment and its negative affect on price. Hence people getting stuck with an "investment" they cannot sell and then feeling duped.
Looking back at the history of the past real estate market, we can see many booms and busts. In the 1880's there was a boom in southern California Real Estate and what is amazing are the similarities that it has to the recent real estate boom of the 2000's. Much like other booms, investors in the 1880's failed to consider the supply of new homes built and the psychological market reaction. In December of 1887, the Los Angeles Times ran an ad that read: "Phenomenal Success! Sales unprecedented in real estate records, this price will positively be advanced". How may of you saw ads for real estate in Arizona, Florida or Las Vegas in the last couple of years that proclaimed a similar sentiment? Long before the peak of the California real state boom in 1887, the newspapers began to change their tune and run articles proclaiming the "foolishness of real estate investors". Much like the articles I read about 2 years ago referring to the "Real Estate Bubble". By 1888 and 1889, the newspapers were reporting the end of the California boom and the psychological fall out had occurred as people felt embarrassed to have been caught up in the emotion of the boom.
The next real estate boom was the Florida land boom of the 1920's; remember the saying: "...If you believe that, I've got some swamp land in Florida for sale you can buy". Where do you think that saying came from? Stories of appreciating houses in Florida began in 1921 and there began to immerge stories of people striking it rich in Florida real estate. The boom steamed on until 1926 when the boom came to an end supposedly because of a hurricane and a recession. However, what seems truer, by account, was that the over supply of new homes and the change in the psychology of the investor ended the boom. Once again the newspapers that had once reported gold in Florida now reported "schemes" and "doubting prices" in early 1925; in fact the Chicago Tribune wrote an article that read: "On the other hand, there are developments along the Dixie Highway that will never be developed - sheer fraud. City gateways and a lot of street posts stuck up along the pines, ten miles for anywhere, maybe in the heart of a turpentine grove with nothing in sight to warrant they've ever being developed. The lots, however, have been sold, for the professional can always land the sucker."
This reminded me of an article I read a while back about vast developments in Arizona and Las Vegas where no one seemed to live because all the houses had all been bought by investors. One thing is for sure: the over development of real estate units as the boom progresses and psychological reaction of the investors to media touted scams was what brought the boom to an end in the 1920's.
Let's look at the real estate boom of the 1980's and see if there are some similarities. It started on the east coast of the U.S. in the early 1980's and peaked around 1985, while on the west coast of the U.S., it peaked around 1988. The boom ended in early 1991. The sharpest period of declining home prices can be seen around the time of the Gulf War. It appeared that the psychology of the war produced a sharp decline in traffic of prospective home buyers.
The social psychology of the processes that produces a boom and ends a boom are still unclear, but play an integral role. One thing is for sure; the real estate boom of 2000's was much bigger than any other boom that preceded it. I believe the media played a big role in the changing psychology of all these booms and busts. Over the last 100 years of history the media has touted stories of striking it rich with real estate and then after a few years, turns and tout the "scams" and "foolishness" of investing. This seems to be the common element in all booms. A sense of excitement and enthusiasm followed by a sense of betrayal and embarrassment for having taken part in the boom; this change in psychology must have an impact on prices and sales.
As of now, there is a mixed reaction as to where we are in this boom. Some would say it is over and real estate will stay down for another 18 months, yet others feel it is already turning around. I hear reports of 100% mortgages coming back and that the Traffic of Prospective Buyers Index is showing improvement. Moreover, the number of US housing permits given to builders increased earlier this year. Will we see a revival of the market? If it is to happen, then there will need to be a shift in the current psychology of home buyers.
Local markets are microcosms of the larger market as a whole. Here in Chicago, we have had our own booms and busts over the years. One example was the real estate boom after the great Chicago fire of 1871 and the psychology of the people of the town. After the fire, The New Orleans Bulletin reported that "Chicago had had its day and would not be rebuilt". For Chicagoans, this was absurd and rebuilding started feverishly. The rebuilding of Chicago is legendary among recoveries and booms. One article in the Chicago Tribune reported that in October 1871, the ground that had been burnt, if it not be rebuilt, would be worth 1/4 of its former value after the fire. Another article reported that once it was rebuilt, the ground would be worth as much as it was prior to the fire. In 1872, a man by the name of Otto Young moved to Chicago and bought as much real estate as he could despite being told not to by those around him. Otto Young become one of the largest holders of real estate in Chicago. Today that real estate is commonly known as "The Loop". At the time of his death in 1906 he was said to be worth 17 million dollars. No doubt Otto saw an opportunity and jumped on it.
By 1883 a recession had hit much of the US. Many investors came to Chicago to buy real estate expecting to buy for 30 cents on the dollar. Investors found that this was not the case and in fact Chicago, because of its strong economic foundation, had continued to flourish. As the market continues to flourish, in the span of 9 - 19 years after the fire, the price of land in Chicago was nearly astronomical for the era. In 1880 a quarter acre was valued at $130,000 and in 1890 at $900,000. Even though the fire was one of the largest U.S. disasters of the 19th century, the rebuilding that began almost immediately spurred Chicago's development into one of the most populous and economically important cities today. Even today, despite the change in the real estate market and the booms and busts over the years, Chicago remains one of the best places to invest in real estate because of its strong economic foundation. My belief is that as an investor, opportunity is knocking for those who know what to do within real estate. I believe the next 2 years will produce more millionaires in real estate than ever before, especially for those who learn how to buy right and hold the investment for the next boom in 10 - 20 years. Why do I think this? Look back at history; it repeats itself.
Recently, I was on my way back from working with Lou Brown as a coach to his students. On the plane ride home, a fellow coach and I were discussing real estate; of all things! - Can you imagine? ? All of a sudden the man in the seat next to me said "I don't think now is the time to invest in real estate" - blasphemy! - went the little voice in my head. Almost simultaneously my fellow coach and I said, "Actually, this is the best time to invest in real estate." (Jinx) We started talking about the real estate cycles and how this down market is the best opportunity we have seen in years to buy real estate. By the end of the conversation the man seated next to us was asking us for any investments we might have that he could take advantage of in his local area.
This got me thinking about real estate markets and how they work. After all, things do not happen haphazardly; moreover, history often repeats itself. I was also interested in the psychology behind the real estate markets given my background; are you surprised?
There was a lot of talk 2-years ago about the "real estate bubble". U.S. Federal Reserve Chairman Alan Greenspan said in mid-2005 that "at a minimum, there's a little 'froth' (in the U.S. housing market). The Economist magazine, writing at the same time, went further, saying "the worldwide rise in house prices is the biggest bubble in history". So what exactly caused the bubble to break, if there ever was a bubble? The answer may not be quite what you think.
I once heard a great analogy for how the real estate market flows. It was likened to a leaf in a stream; sometimes it is flowing fast, some times it goes slow and maybe it meets a waterfall or gets stuck in an eddy. Over the past 100 years there have been many ups and downs in the market place. Sudden changes in the market are rare, although they do change abruptly. Most certainly there is a psychological component that plays into all of these turns. Analysis of past booms seems to indicate that investors often do not understand the supply response to price increases. Actually, there seems to be a tendency for investors to overestimate how unique an investment is, that they favor, failing to take into account the principles of supply and rising prices. Investors can't possibly imagine how many competitors there really are; hence why so many investors bought into pre-construction in areas that were already saturated with pre-construction units. The end of booms seems to be associated with the increase in supply of the investment and its negative affect on price. Hence people getting stuck with an "investment" they cannot sell and then feeling duped.
Looking back at the history of the past real estate market, we can see many booms and busts. In the 1880's there was a boom in southern California Real Estate and what is amazing are the similarities that it has to the recent real estate boom of the 2000's. Much like other booms, investors in the 1880's failed to consider the supply of new homes built and the psychological market reaction. In December of 1887, the Los Angeles Times ran an ad that read: "Phenomenal Success! Sales unprecedented in real estate records, this price will positively be advanced". How may of you saw ads for real estate in Arizona, Florida or Las Vegas in the last couple of years that proclaimed a similar sentiment? Long before the peak of the California real state boom in 1887, the newspapers began to change their tune and run articles proclaiming the "foolishness of real estate investors". Much like the articles I read about 2 years ago referring to the "Real Estate Bubble". By 1888 and 1889, the newspapers were reporting the end of the California boom and the psychological fall out had occurred as people felt embarrassed to have been caught up in the emotion of the boom.
The next real estate boom was the Florida land boom of the 1920's; remember the saying: "...If you believe that, I've got some swamp land in Florida for sale you can buy". Where do you think that saying came from? Stories of appreciating houses in Florida began in 1921 and there began to immerge stories of people striking it rich in Florida real estate. The boom steamed on until 1926 when the boom came to an end supposedly because of a hurricane and a recession. However, what seems truer, by account, was that the over supply of new homes and the change in the psychology of the investor ended the boom. Once again the newspapers that had once reported gold in Florida now reported "schemes" and "doubting prices" in early 1925; in fact the Chicago Tribune wrote an article that read: "On the other hand, there are developments along the Dixie Highway that will never be developed - sheer fraud. City gateways and a lot of street posts stuck up along the pines, ten miles for anywhere, maybe in the heart of a turpentine grove with nothing in sight to warrant they've ever being developed. The lots, however, have been sold, for the professional can always land the sucker."
This reminded me of an article I read a while back about vast developments in Arizona and Las Vegas where no one seemed to live because all the houses had all been bought by investors. One thing is for sure: the over development of real estate units as the boom progresses and psychological reaction of the investors to media touted scams was what brought the boom to an end in the 1920's.
Let's look at the real estate boom of the 1980's and see if there are some similarities. It started on the east coast of the U.S. in the early 1980's and peaked around 1985, while on the west coast of the U.S., it peaked around 1988. The boom ended in early 1991. The sharpest period of declining home prices can be seen around the time of the Gulf War. It appeared that the psychology of the war produced a sharp decline in traffic of prospective home buyers.
The social psychology of the processes that produces a boom and ends a boom are still unclear, but play an integral role. One thing is for sure; the real estate boom of 2000's was much bigger than any other boom that preceded it. I believe the media played a big role in the changing psychology of all these booms and busts. Over the last 100 years of history the media has touted stories of striking it rich with real estate and then after a few years, turns and tout the "scams" and "foolishness" of investing. This seems to be the common element in all booms. A sense of excitement and enthusiasm followed by a sense of betrayal and embarrassment for having taken part in the boom; this change in psychology must have an impact on prices and sales.
As of now, there is a mixed reaction as to where we are in this boom. Some would say it is over and real estate will stay down for another 18 months, yet others feel it is already turning around. I hear reports of 100% mortgages coming back and that the Traffic of Prospective Buyers Index is showing improvement. Moreover, the number of US housing permits given to builders increased earlier this year. Will we see a revival of the market? If it is to happen, then there will need to be a shift in the current psychology of home buyers.
Local markets are microcosms of the larger market as a whole. Here in Chicago, we have had our own booms and busts over the years. One example was the real estate boom after the great Chicago fire of 1871 and the psychology of the people of the town. After the fire, The New Orleans Bulletin reported that "Chicago had had its day and would not be rebuilt". For Chicagoans, this was absurd and rebuilding started feverishly. The rebuilding of Chicago is legendary among recoveries and booms. One article in the Chicago Tribune reported that in October 1871, the ground that had been burnt, if it not be rebuilt, would be worth 1/4 of its former value after the fire. Another article reported that once it was rebuilt, the ground would be worth as much as it was prior to the fire. In 1872, a man by the name of Otto Young moved to Chicago and bought as much real estate as he could despite being told not to by those around him. Otto Young become one of the largest holders of real estate in Chicago. Today that real estate is commonly known as "The Loop". At the time of his death in 1906 he was said to be worth 17 million dollars. No doubt Otto saw an opportunity and jumped on it.
By 1883 a recession had hit much of the US. Many investors came to Chicago to buy real estate expecting to buy for 30 cents on the dollar. Investors found that this was not the case and in fact Chicago, because of its strong economic foundation, had continued to flourish. As the market continues to flourish, in the span of 9 - 19 years after the fire, the price of land in Chicago was nearly astronomical for the era. In 1880 a quarter acre was valued at $130,000 and in 1890 at $900,000. Even though the fire was one of the largest U.S. disasters of the 19th century, the rebuilding that began almost immediately spurred Chicago's development into one of the most populous and economically important cities today. Even today, despite the change in the real estate market and the booms and busts over the years, Chicago remains one of the best places to invest in real estate because of its strong economic foundation. My belief is that as an investor, opportunity is knocking for those who know what to do within real estate. I believe the next 2 years will produce more millionaires in real estate than ever before, especially for those who learn how to buy right and hold the investment for the next boom in 10 - 20 years. Why do I think this? Look back at history; it repeats itself.
The Real Estate Investment with the Features of a Corporate Bond
The Real Estate Investment with the Features of a Corporate Bond
by Groshan Fabiola
Why are so many investors, foreign and domestic, placing their money in NNN properties?
Net-leased real estate provides a unique investment opportunity to individuals or institutions interested in owning real estate without the hassles of management and leasing typically found in conventional real estate investments. Net-leased projects are most commonly single-tenant, credit-driven investments on long-term leases which require minimal or no landlord responsibility.
As a result, investors are not bound to their geographic markets, whereas they would most likely be with a traditional real estate investment, not just closely watched "backyard" opportunities.
A net-leased (NNN) property is effectively a long-term bond of a corporation in the form of a lease document encompassed by real estate. The investment appears to be a bond-type investment due to the "coupon-clipper" type of returns, 6%-10%. However, they also provide the added benefits of tax reduction and property appreciation found in conventional real estate.
The net-leased investment can be categorized three ways: 1. Retail refers to big-box users (i.e. discount variety stores, department stores, or home improvement stores) as well as small-box users (i.e. restaurants or drug stores). 2. Industrial includes facilities used for either distribution, manufacturing, or research and development. 3. Office refers to any single user such as an oil company or pharmaceutical firm occupying a facility as the sole tenant.
Pricing on net-leased projects is based primarily on the tenant's credit, the terms of the lease, and the location. Although each of these variables has an important role in the pricing of net-leased projects, it is the combination of all three that will determine a true purchase price.
Tenant's Credit * Many net-leased projects are based solely on a tenant's credit. * Tenants considered investment grade by a recognized rating agency usually trade at a premium (i.e. Walmart, Walgreens, General Motors). * Tenants with junk bond (non-investment grade) ratings or minimal net worth typically trade for a higher return (i.e. UA Theaters, Dairy Mart convenience stores, Taco Cabana restaurants).
Lease * Length of a lease is a another primary factor in determining the sales price on a net-leased investment. Primary terms of 15 or more years are preferred; 10 years is sufficient in 1031 tax-deferred exchanges and similar cases * "Absolute" triple-net leases, where the tenant is responsible for roof, structure, and parking, trade at a premium. * "Double-net (NN)" leases, where the landlord is responsible for roof and structure, trade at a higher yield and usually include a reserve taken for any potential repairs. * Leases with "bumps"- rental increases or upside trade at a premium, with the exception of flat leases with investment grade credit.
Location * NNN leases are credit-driven, causing location to be the least important factor. * Investors often pay an added premium for the residual benefit of specifying a certain geographic location.
The combination of credit, lease and location can lead to paying a higher premium (i.e. Walgreen: 20 year NNN, flat) or receiving a higher yield (i.e. CSK Auto: 15 year NN).
The market for net-leased real estate investments is strong. The availability of attractive financing combined with minimal landlord responsibilities create highly desirable opportunities, especially for investors desiring a property for an IRS Section 1031 tax-deferred exchange.
Whether a risk-averse individual or institution is in need of a smart depreciation vehicle or a relatively safe "coupon-clipper," net-leased properties provide great investments in both credit and real estate markets.
by Groshan Fabiola
Why are so many investors, foreign and domestic, placing their money in NNN properties?
Net-leased real estate provides a unique investment opportunity to individuals or institutions interested in owning real estate without the hassles of management and leasing typically found in conventional real estate investments. Net-leased projects are most commonly single-tenant, credit-driven investments on long-term leases which require minimal or no landlord responsibility.
As a result, investors are not bound to their geographic markets, whereas they would most likely be with a traditional real estate investment, not just closely watched "backyard" opportunities.
A net-leased (NNN) property is effectively a long-term bond of a corporation in the form of a lease document encompassed by real estate. The investment appears to be a bond-type investment due to the "coupon-clipper" type of returns, 6%-10%. However, they also provide the added benefits of tax reduction and property appreciation found in conventional real estate.
The net-leased investment can be categorized three ways: 1. Retail refers to big-box users (i.e. discount variety stores, department stores, or home improvement stores) as well as small-box users (i.e. restaurants or drug stores). 2. Industrial includes facilities used for either distribution, manufacturing, or research and development. 3. Office refers to any single user such as an oil company or pharmaceutical firm occupying a facility as the sole tenant.
Pricing on net-leased projects is based primarily on the tenant's credit, the terms of the lease, and the location. Although each of these variables has an important role in the pricing of net-leased projects, it is the combination of all three that will determine a true purchase price.
Tenant's Credit * Many net-leased projects are based solely on a tenant's credit. * Tenants considered investment grade by a recognized rating agency usually trade at a premium (i.e. Walmart, Walgreens, General Motors). * Tenants with junk bond (non-investment grade) ratings or minimal net worth typically trade for a higher return (i.e. UA Theaters, Dairy Mart convenience stores, Taco Cabana restaurants).
Lease * Length of a lease is a another primary factor in determining the sales price on a net-leased investment. Primary terms of 15 or more years are preferred; 10 years is sufficient in 1031 tax-deferred exchanges and similar cases * "Absolute" triple-net leases, where the tenant is responsible for roof, structure, and parking, trade at a premium. * "Double-net (NN)" leases, where the landlord is responsible for roof and structure, trade at a higher yield and usually include a reserve taken for any potential repairs. * Leases with "bumps"- rental increases or upside trade at a premium, with the exception of flat leases with investment grade credit.
Location * NNN leases are credit-driven, causing location to be the least important factor. * Investors often pay an added premium for the residual benefit of specifying a certain geographic location.
The combination of credit, lease and location can lead to paying a higher premium (i.e. Walgreen: 20 year NNN, flat) or receiving a higher yield (i.e. CSK Auto: 15 year NN).
The market for net-leased real estate investments is strong. The availability of attractive financing combined with minimal landlord responsibilities create highly desirable opportunities, especially for investors desiring a property for an IRS Section 1031 tax-deferred exchange.
Whether a risk-averse individual or institution is in need of a smart depreciation vehicle or a relatively safe "coupon-clipper," net-leased properties provide great investments in both credit and real estate markets.
Investment, Banking and Real Estate Editors
Investment, Banking & Real Estate Editors
by Groshan Fabiola
Eurodollars Flow into the U.S. Through Triple Net Lease Investments Germans becoming "landlords" for U.S. firms through passive real estate investments.
Bay Harbor Islands, FLORIDA (October 18,2007) -Triple-Net (NNN) investment opportunities in U.S. markets are attracting the attention -- and funds -- of German banks, REITs and investors, reports Horn Capital Realty, Inc. of Bay Harbor Islands, Florida. "These conservative types of passive real estate investment can be more rewarding than typical real estate ownership because they require virtually no management," says Jonathan S. Horn, President, who has personally handled over $500 million in triple netlease sales, sale-leaseback financing, build-to-suit development and debt and equity placements throughout the United States. "The rate of return and benefits from investing in a triple net (NNN) investment can be greater than your typical real estate investment, without taking into consideration any tax issues," said Horn. His firm has dealt with such large national tenants as Blockbuster Entertainment, Eckerd Drug, Kmart, Home Depot, Wild Oats markets, Taco Bell, Wal-Mart and Walgreen Drug Stores.
A triple net lease (NNN) transactions is typically described as a free-standing facility occupied by a single-tenant on a long-term triple-net lease. A NNN can be described as a bond-like investment encompassed by real estate. A NNN can be structured in three ways: 1. Sale-leaseback financing is structured through the sale of a property owned by a tenant who sells it to an investment group and leases it back on a long-term lease. 2. The sale of an existing NNN property leased to a tenant owned by a third party investor. 3. Build-to-Suit. A developer enters into a long-term agreement with a corporate tenant and then sells the transaction upon completion of the development or before.
A triple-net lease is typically between 10 to 25 years. The tenant pays a negotiated annual rent equal to 6% to 10% of the contracted sale price. Most often that rate is credit-driven. In other words, tenants with investment grade ratings pay a lower rate because they are perceived as less risky, while non-investment grade tenants typically pay a considerably higher rate. This is similar to corporate bonds. A triple-net lease property frees the investor/landlord from any property responsibility. The tenant agrees to pay all costs associated with the property use and occupancy, including real estate taxes, insurance, improvements, on-site property management and maintenance.
Page 2 - NNN Investments
As an example, Horn is currently negotiating a sale-leaseback transaction between a group of German investors and a U.S. retailer, offering 6 single-tenant properties valued at $5 million US each, or $30 million US total. Since the company has earned a high credit rating, the investors have agreed to a flat rental payment of 6.4% for the entire lease term, which equates to a predictable return of $1,920,000 US annually to the investors. With a NNN lease, the U.S. retailer will be responsible for all expenses, including taxes, insurance, management, general and structural repairs, maintenance and improvements. National Real Estate Investor, a leading U.S. trade press magazine has reported, "The sale-leaseback industry has restructured the ownership of trillions of dollars worth of the nation's (U.S.) corporate real estate assets, and the trend seems to be continuing." Another respected publication, Institutional Investor, stated: "The triple-net lease offers a long-term lease with the guarantee of steady cash flow and practically no risk." Primary Investor Benefits "The investor, whether it be a bank, a trust, a real estate investment trust (REIT) or an individual, earns an 6% to 10% yield on the annual lease and usually benefits from a conservative 2% to 5% annual (compounded) appreciation on the property's value. Due to the annual depreciation allowance on the building, an equal portion of the annual yield also is sheltered from Federal income taxes," Horn explained. "For overseas investors, there is the security of both the tenant and the real estate, and there is minimal risk with investment grade tenants, as well as an opportunity for even higher annual cash returns from below investment grade tenants." he added. "The investor owns the property with zero on-site management responsibilities while enjoying an annual high interest cash return on a passive investment. These are bond-type investments with excellent 'coupon clipper'-type of returns." Triple Net Lease transactions generally require a long-term investment of $2 million US to $100 million US or more. Such investments are available for all types of existing or build-to-
Page 3 - Sale/Leaseback & NNN Investments
suit real estate, including service centers, fast food establishments, industrial and health care facilities, office and educational buildings, distribution warehouses and retail stores. At any time, the investor/landlord can cash-out, often with a profit, by selling the property. When the lease term expires, the investor has numerous options: a) Hold the property,; b) allow it to further appreciate in market value; c) lease it again at a higher rate to the original tenant or a new tenant., or d) sell it to a developer to be renovated for a higher use. Horn Capital Realty, known as one of the most experienced, efficient and cost-effective facilitators, specifically focuses on sale-leaseback financing and NNN transactions. The company is currently working with several very large American firms seeking financing for their properties.
by Groshan Fabiola
Eurodollars Flow into the U.S. Through Triple Net Lease Investments Germans becoming "landlords" for U.S. firms through passive real estate investments.
Bay Harbor Islands, FLORIDA (October 18,2007) -Triple-Net (NNN) investment opportunities in U.S. markets are attracting the attention -- and funds -- of German banks, REITs and investors, reports Horn Capital Realty, Inc. of Bay Harbor Islands, Florida. "These conservative types of passive real estate investment can be more rewarding than typical real estate ownership because they require virtually no management," says Jonathan S. Horn, President, who has personally handled over $500 million in triple netlease sales, sale-leaseback financing, build-to-suit development and debt and equity placements throughout the United States. "The rate of return and benefits from investing in a triple net (NNN) investment can be greater than your typical real estate investment, without taking into consideration any tax issues," said Horn. His firm has dealt with such large national tenants as Blockbuster Entertainment, Eckerd Drug, Kmart, Home Depot, Wild Oats markets, Taco Bell, Wal-Mart and Walgreen Drug Stores.
A triple net lease (NNN) transactions is typically described as a free-standing facility occupied by a single-tenant on a long-term triple-net lease. A NNN can be described as a bond-like investment encompassed by real estate. A NNN can be structured in three ways: 1. Sale-leaseback financing is structured through the sale of a property owned by a tenant who sells it to an investment group and leases it back on a long-term lease. 2. The sale of an existing NNN property leased to a tenant owned by a third party investor. 3. Build-to-Suit. A developer enters into a long-term agreement with a corporate tenant and then sells the transaction upon completion of the development or before.
A triple-net lease is typically between 10 to 25 years. The tenant pays a negotiated annual rent equal to 6% to 10% of the contracted sale price. Most often that rate is credit-driven. In other words, tenants with investment grade ratings pay a lower rate because they are perceived as less risky, while non-investment grade tenants typically pay a considerably higher rate. This is similar to corporate bonds. A triple-net lease property frees the investor/landlord from any property responsibility. The tenant agrees to pay all costs associated with the property use and occupancy, including real estate taxes, insurance, improvements, on-site property management and maintenance.
Page 2 - NNN Investments
As an example, Horn is currently negotiating a sale-leaseback transaction between a group of German investors and a U.S. retailer, offering 6 single-tenant properties valued at $5 million US each, or $30 million US total. Since the company has earned a high credit rating, the investors have agreed to a flat rental payment of 6.4% for the entire lease term, which equates to a predictable return of $1,920,000 US annually to the investors. With a NNN lease, the U.S. retailer will be responsible for all expenses, including taxes, insurance, management, general and structural repairs, maintenance and improvements. National Real Estate Investor, a leading U.S. trade press magazine has reported, "The sale-leaseback industry has restructured the ownership of trillions of dollars worth of the nation's (U.S.) corporate real estate assets, and the trend seems to be continuing." Another respected publication, Institutional Investor, stated: "The triple-net lease offers a long-term lease with the guarantee of steady cash flow and practically no risk." Primary Investor Benefits "The investor, whether it be a bank, a trust, a real estate investment trust (REIT) or an individual, earns an 6% to 10% yield on the annual lease and usually benefits from a conservative 2% to 5% annual (compounded) appreciation on the property's value. Due to the annual depreciation allowance on the building, an equal portion of the annual yield also is sheltered from Federal income taxes," Horn explained. "For overseas investors, there is the security of both the tenant and the real estate, and there is minimal risk with investment grade tenants, as well as an opportunity for even higher annual cash returns from below investment grade tenants." he added. "The investor owns the property with zero on-site management responsibilities while enjoying an annual high interest cash return on a passive investment. These are bond-type investments with excellent 'coupon clipper'-type of returns." Triple Net Lease transactions generally require a long-term investment of $2 million US to $100 million US or more. Such investments are available for all types of existing or build-to-
Page 3 - Sale/Leaseback & NNN Investments
suit real estate, including service centers, fast food establishments, industrial and health care facilities, office and educational buildings, distribution warehouses and retail stores. At any time, the investor/landlord can cash-out, often with a profit, by selling the property. When the lease term expires, the investor has numerous options: a) Hold the property,; b) allow it to further appreciate in market value; c) lease it again at a higher rate to the original tenant or a new tenant., or d) sell it to a developer to be renovated for a higher use. Horn Capital Realty, known as one of the most experienced, efficient and cost-effective facilitators, specifically focuses on sale-leaseback financing and NNN transactions. The company is currently working with several very large American firms seeking financing for their properties.
วันศุกร์ที่ 14 ธันวาคม พ.ศ. 2550
Bal Harbour Real Estate: Florida's Paradise
Bal Harbour Real Estate: Florida's Paradise
by Hector Lesende
Bal Harbour is Florida's Paradise. Bal Harbour Shops high-end upscale retailers include Saks Fifth Avenue, Armani, Versace, Valentino and Neiman Marcus among others. Exceptional dining spots are Palm and Caffe Da Vinci. Bal Harbour Real Estate is one the most prestigious, upscale, and spectacular addresses in all of South Florida. Luxurious oceanfront and Intracoastal Waterway views condos like Bellini Condo and Majestic Tower. An extraordinary single family home community is Northern Star. Hotel Resorts has been visited by many US presidents including President Clinton and other dignitaries and celebrities.
Before this city became the busy village that we know it as today, it was just a large tract of swampy land, which had seen face of no developments at all. It simply lay there and stretched right up to Atlantic Ocean from by area. As it is even in today's contemporary times, this little village evokes memories of past times when lives used to be a lot less mundane and schedules far less hectic. This place was not too popular with people and this can be easily understood from the fact that Mr. Graham, who was main promoter of this sleepy and quaint little hamlet, had to arrange for twenty five people to come and live here. He had to make this arrangement because he wanted to get this place incorporated and according to existing laws, a place had to have at least twenty five registered voters in order to be incorporated.
An interesting history lies behind the earliest real estate in this region. During Second World War land was leased out for construction of a Prisoner of War camp. After World War II ended barrack buildings were left behind are and they constituted the first Bal Harbour real estate of this village. It was in 1946 that this place got incorporated for first time. It then functioned under a city managing type of government. Slowly this place started climbing up steps towards development. It had its first hotel, then known as "The Kenilworth By the Sea" which was later rechristened as Kenilworth Condominium. The first home was built in this area in at 160 Bal Cross Drive.
To speak in specific geographical terms this village forms a part of Miami Dade County in state of Florida. Speaking in terms of area covered, it is a very small place, covering barely three tenths of a square mile. But despite its small size, development has taken place over here at a very rapid rate. There is no lack of amenities in this region and living here you might also get deluded into thinking that you are living in some bigger city. Big marketplaces, excellent institutions of education, you name it and this village is sure to have it. Transport too is not a problem in this area. Excellent facilities of communication exist which can be easily availed of.
Bal Harbour real estate is one of a kind and to enjoy all its splendor and facilities, many people have made this peaceful village their home. When the last census took place, it was found that already more than three thousand people made this city their home . This gives a density of almost ten thousand people per square mile, which is higher than several cities. Average prices of homes are on rise and with escalating fortunes of this city it can be presumed that real estate in this region will only continue its remarkable rise in the future. There are 432 homes and condos for sale. Bal Harbour Real Estate is an extraordinary investment opportunity.
by Hector Lesende
Bal Harbour is Florida's Paradise. Bal Harbour Shops high-end upscale retailers include Saks Fifth Avenue, Armani, Versace, Valentino and Neiman Marcus among others. Exceptional dining spots are Palm and Caffe Da Vinci. Bal Harbour Real Estate is one the most prestigious, upscale, and spectacular addresses in all of South Florida. Luxurious oceanfront and Intracoastal Waterway views condos like Bellini Condo and Majestic Tower. An extraordinary single family home community is Northern Star. Hotel Resorts has been visited by many US presidents including President Clinton and other dignitaries and celebrities.
Before this city became the busy village that we know it as today, it was just a large tract of swampy land, which had seen face of no developments at all. It simply lay there and stretched right up to Atlantic Ocean from by area. As it is even in today's contemporary times, this little village evokes memories of past times when lives used to be a lot less mundane and schedules far less hectic. This place was not too popular with people and this can be easily understood from the fact that Mr. Graham, who was main promoter of this sleepy and quaint little hamlet, had to arrange for twenty five people to come and live here. He had to make this arrangement because he wanted to get this place incorporated and according to existing laws, a place had to have at least twenty five registered voters in order to be incorporated.
An interesting history lies behind the earliest real estate in this region. During Second World War land was leased out for construction of a Prisoner of War camp. After World War II ended barrack buildings were left behind are and they constituted the first Bal Harbour real estate of this village. It was in 1946 that this place got incorporated for first time. It then functioned under a city managing type of government. Slowly this place started climbing up steps towards development. It had its first hotel, then known as "The Kenilworth By the Sea" which was later rechristened as Kenilworth Condominium. The first home was built in this area in at 160 Bal Cross Drive.
To speak in specific geographical terms this village forms a part of Miami Dade County in state of Florida. Speaking in terms of area covered, it is a very small place, covering barely three tenths of a square mile. But despite its small size, development has taken place over here at a very rapid rate. There is no lack of amenities in this region and living here you might also get deluded into thinking that you are living in some bigger city. Big marketplaces, excellent institutions of education, you name it and this village is sure to have it. Transport too is not a problem in this area. Excellent facilities of communication exist which can be easily availed of.
Bal Harbour real estate is one of a kind and to enjoy all its splendor and facilities, many people have made this peaceful village their home. When the last census took place, it was found that already more than three thousand people made this city their home . This gives a density of almost ten thousand people per square mile, which is higher than several cities. Average prices of homes are on rise and with escalating fortunes of this city it can be presumed that real estate in this region will only continue its remarkable rise in the future. There are 432 homes and condos for sale. Bal Harbour Real Estate is an extraordinary investment opportunity.
Real Estate Contact Management Software
Real Estate Contact Management Software
by Jose Vanegas
Real estate contact management software is important in today's competitive real estate business.
Today's real estate business is high competitive and success means closing deals. Closing deals is important to success of a real estate business and often real estate contact management software can help with closing a deal. It is important that a real estate business management their contacts and leads carefully and real estate contact management software can help with this large task. Every real estate business should consider implementing real estate contact management software but there are many companies that offer real estate contact management software and it can be hard to make a decision. If you are looking for a real estate contact management software you should consider Prophet, a software offered by Avidian that is both comprehensive and flexible.
Prophet software stands out above the many other real estate contact management software systems.
The company Avidian markets Prophet, an award winning software, and it is the best real estate contact management software to be found. This real estate contact management software will help a busy real estate office to coordinate all their employees. Prophet real estate contact management software will also help make it easy to track sales leads and to close sales. Not only does this real estate contact management software have just basic function that other real estate contact management software systems have, but it also have many unique features that make this real estate contact management software stand above the rest.
Prophet real estate contact management software has many distinct features.
One of the unique features that Prophet real estate contact management software contains is called the dashboard feature. This dashboard feature allows for careful sales tracking and daily reports all generated by the real estate contact management software. Prophet real estate contact management software actually can offer all of this important information immediately and it displays it in what is called the sales opportunity window. All important sales information is displayed in this window by the real estate contact management software. This information includes names, email addresses, and phone numbers. This real estate contact management software helps to make sure that all of the customer information and lead information is kept current. With Prophet real estate contact management software you can be sure that no stone will go unturned and no opportunity will be missed.
Real estate contact management software can help coordinate your real estate business.
Often keeping a real estate business coordinated can be challenging and real estate contact management software can help. Real estate contact management software can help to monitor every opportunity that is available and also show all pertinent information. Prophet real estate contact management software actually has a feature that will send automated emails to follow up on new contacts and leads. Real estate contact management software will help to keep all the sales team coordinated and real estate contact management software will also help to make sure that no opportunity slips through the cracks.
Prophet real estate contact management software can help generate reports.
Often it is helpful to a real estate business to keep track of reports and real estate contact management software can help to generate needed reports. There are 30 reports that are already built into Prophet real estate contact management software and you can also use this real estate contact management software to customize reports as well. It is important to keep track of how your business is doing and that all can see what things may need to be changed and real estate contact management software can help with this task. You can use real estate contact management software to help generate reports that can help identify problem areas and then you can take measure to correct problems. You will also be able to see how much revenue is being generated and how sales are doing with the reports made by real estate contact management software.
You will be able to see more sales when using real estate contact management software.
It is important that a real estate business is able to continually close good sales and having good real estate contact management software can help in the sales department. You will be able to use real estate contact management software to help you keep track of all appointments that are made and keep your schedule organized so appointments are never missed. Real estate contact management software will also enable you to keep track of all tasks that have been completed and those that still need to be assigned. You will be able to make sure that work is being done promptly and that sales are being closed with your real estate contact management software.
Avidian offers Prophet, which is an award winning software.
If you are looking for good real estate contact management software you want to be sure that the real estate contact management software is easy to use and flexible for your business. You also want to find real estate contact management software that is cost effective for your company as well. You can find real estate contact management software that meets all these needs by going to Avidian.com and checking out their Prophet software. Prophet is software that is based on Microsoft Outlook. You can see the features that are available on their website and you will be able to see that Prophet is the best real estate contact management software available on the market today. They have many editions of the real estate contact management software and you will be able to buy what best will fit your real estate business. You will also find that this real estate contact management software has won various awards and can be trusted.
You can see success and increased profit if you implement the use of real estate contact management software into your business.
Every real estate business wants to see sales and profits soar and real estate contact management software can help your business achieve this. Prophet real estate contact management software can help you find more sales leads and can enable you to close more sales, which will lead to more profit. While many real estate contact management software systems do not have all that you may need to succeed in your business, you will find that Prophet real estate contact management software has everything your real estate business needs and a whole lot more. You will be able to use this real estate contact management software to lead your company to higher success within the real estate business. Take a good look at Prophet real estate contact management software and consider implementing it into your real estate business. You will reap the many benefits that can be found when using real estate contact management software.
by Jose Vanegas
Real estate contact management software is important in today's competitive real estate business.
Today's real estate business is high competitive and success means closing deals. Closing deals is important to success of a real estate business and often real estate contact management software can help with closing a deal. It is important that a real estate business management their contacts and leads carefully and real estate contact management software can help with this large task. Every real estate business should consider implementing real estate contact management software but there are many companies that offer real estate contact management software and it can be hard to make a decision. If you are looking for a real estate contact management software you should consider Prophet, a software offered by Avidian that is both comprehensive and flexible.
Prophet software stands out above the many other real estate contact management software systems.
The company Avidian markets Prophet, an award winning software, and it is the best real estate contact management software to be found. This real estate contact management software will help a busy real estate office to coordinate all their employees. Prophet real estate contact management software will also help make it easy to track sales leads and to close sales. Not only does this real estate contact management software have just basic function that other real estate contact management software systems have, but it also have many unique features that make this real estate contact management software stand above the rest.
Prophet real estate contact management software has many distinct features.
One of the unique features that Prophet real estate contact management software contains is called the dashboard feature. This dashboard feature allows for careful sales tracking and daily reports all generated by the real estate contact management software. Prophet real estate contact management software actually can offer all of this important information immediately and it displays it in what is called the sales opportunity window. All important sales information is displayed in this window by the real estate contact management software. This information includes names, email addresses, and phone numbers. This real estate contact management software helps to make sure that all of the customer information and lead information is kept current. With Prophet real estate contact management software you can be sure that no stone will go unturned and no opportunity will be missed.
Real estate contact management software can help coordinate your real estate business.
Often keeping a real estate business coordinated can be challenging and real estate contact management software can help. Real estate contact management software can help to monitor every opportunity that is available and also show all pertinent information. Prophet real estate contact management software actually has a feature that will send automated emails to follow up on new contacts and leads. Real estate contact management software will help to keep all the sales team coordinated and real estate contact management software will also help to make sure that no opportunity slips through the cracks.
Prophet real estate contact management software can help generate reports.
Often it is helpful to a real estate business to keep track of reports and real estate contact management software can help to generate needed reports. There are 30 reports that are already built into Prophet real estate contact management software and you can also use this real estate contact management software to customize reports as well. It is important to keep track of how your business is doing and that all can see what things may need to be changed and real estate contact management software can help with this task. You can use real estate contact management software to help generate reports that can help identify problem areas and then you can take measure to correct problems. You will also be able to see how much revenue is being generated and how sales are doing with the reports made by real estate contact management software.
You will be able to see more sales when using real estate contact management software.
It is important that a real estate business is able to continually close good sales and having good real estate contact management software can help in the sales department. You will be able to use real estate contact management software to help you keep track of all appointments that are made and keep your schedule organized so appointments are never missed. Real estate contact management software will also enable you to keep track of all tasks that have been completed and those that still need to be assigned. You will be able to make sure that work is being done promptly and that sales are being closed with your real estate contact management software.
Avidian offers Prophet, which is an award winning software.
If you are looking for good real estate contact management software you want to be sure that the real estate contact management software is easy to use and flexible for your business. You also want to find real estate contact management software that is cost effective for your company as well. You can find real estate contact management software that meets all these needs by going to Avidian.com and checking out their Prophet software. Prophet is software that is based on Microsoft Outlook. You can see the features that are available on their website and you will be able to see that Prophet is the best real estate contact management software available on the market today. They have many editions of the real estate contact management software and you will be able to buy what best will fit your real estate business. You will also find that this real estate contact management software has won various awards and can be trusted.
You can see success and increased profit if you implement the use of real estate contact management software into your business.
Every real estate business wants to see sales and profits soar and real estate contact management software can help your business achieve this. Prophet real estate contact management software can help you find more sales leads and can enable you to close more sales, which will lead to more profit. While many real estate contact management software systems do not have all that you may need to succeed in your business, you will find that Prophet real estate contact management software has everything your real estate business needs and a whole lot more. You will be able to use this real estate contact management software to lead your company to higher success within the real estate business. Take a good look at Prophet real estate contact management software and consider implementing it into your real estate business. You will reap the many benefits that can be found when using real estate contact management software.
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