Wikipedia Entry- Influence of technology on real estate

The influence of technology has been scarcely documented because technology has taken massive steps in recent years. The impact of technology comes in so many different ways but has really come into play in the real estate business in the past seven years. Technology continues to evolve real estate and will serve as a major influence to the industry over the course of the next several years to come. It is important that buyers and sellers take into consideration these changes and plan for them in the future.

Solar technology

Solar panels have become a massive part of the real estate business in recent years especially on the west coast and states that see a large sum of sunshine. This technology has been implemented because it is so much more energy efficient. Energy prices have gone up with the price of oil and the price to energize a house in all areas had seen significant rises. Solar technology has really began to make a massive stamp on the real estate market.

The Internet

The internet is allowing people to now shop not only globally in the United States but internationally all over the world right from their home location. This is a massive change for the real estate market because years ago before the internet there was no way of doing this. This allows sellers and buyers a chance to capitalize on more opportunities more frequently because they have so many more options available to them. The proliferation of the internet is serving as a major convenience to the real estate market. Offers can now be submitted online and buyer seller communication has become much more fluid.

References

http://www.bloomberg.com/popular/

http://www.nytimes.com/

http://www.realestate.com.au/blog/inspiration-ideas/technology/

Problems and solutions

            Last week I gave step by step instructions on how to flip a house for profit. The real estate market is very unpredictable indeed. Buyers and sellers are often uncertain of the proper times to buy and sell. This is for good reason. How can anyone dealing in the real estate market be certain of anything when our own federal government cannot even make up their mind on major decisions that will effect anyone and everyone in this market.  Every week the federal government is changing its mind and going back on their words, which essentially destroys the trust between the public and its government.  One week Mr. Bernanke says he will begin decreasing bond buying slowly, the next he is stopping it all together, and the following week after that he is not touching it. These words influence the market so much. Mortgage rates, builders, buyers, and sellers, all march to the words of the federal reserve because they are looking out for their own good.

            So the real question is how do we deal with this uncertainty and lack of trust in the federal reserve's actions? Mortgage rates by historical standards are still very low, they may have seen rises recently but they are still very affordable. People need to understand that they need to work with the situation that is presented in front of them and only focus on the things that they can control. When the market struggles and mortgage rates are low people have a tendency to become very cynical and negative, losing site of massive opportunities that are in front of them. The real estate market has seen some of the lowest mortgage rates it has ever seen in recent past months. Think long term people! This is undoubtedly a time to buy and hold on to property for a longer time period. Snatch up these low mortgage rates and see it as an opportunity to become rich! This is obviously easier said than done. It does require some cash on hand to purchase a property that some people don't have. This means you have to shop within your means. Finance as many projects as you can with the low mortgage rates that are in front of you.

            This leads people to the question of how do you finance purchasing a house or multiple houses. There are a few ways that many people who are successful in the industry take advantage of. The first is renting out the properties that you own. This rent money will pay the mortgage for you, you are essentially having someone else pay your mortgage and over time this property will pay for itself. This will allow you to hold on to this property during a time where the real estate market is so unstable and unpredictable. It can also generate a profit for you if the property is in high demand to rent.

             Another way to finance projects if you may not have the cash on hand or are hesitant to obtain such a large risk at once is work with people you trust. The power in numbers is much greater than the power that one person can generate. Work with people you trust and purchase homes together by splitting up the cost between the people that are interested. This not only divides up the cost, it also drives down the risk because it will be spread out over several people and it will make this risk a lot less intimidating and manageable. If you find a core group of trust worthy people (family members, close friends) to work with, you can then start thinking bigger, purchasing properties that have more value and purchasing more properties all together. 

New Argument

          In my devil's advocate argument I touched a little bit on how the banks will react to the stoppage of stimulus tactics in the near future. I would like to discuss this a little more in depth. The banks play a massive role in the real estate market in the United States because in order for people to purchase property they need to take out loans. The higher the mortgage rates are the less inclined people are to take out a loan. The federal reserve is keeping mortgage rates low for the time being by using stimulus tactics. Mortgage rates have seen a slight increase but by historical standards they are still remarkably low.

            The way banks react to a halt on stimulus measures effects so many areas of the real estate market. Right now builders are hesitant to start on new building projects because of the uncertainty of what will happen when the government stops stimulating the banks. Buyers are also trying to snatch up low mortgage rates while they can because they are not sure that they will be able to in the near future. This could lead some buyers to purchase houses with low mortgage rates that they may not be able to afford, simply tempted by such low rates. The negative effects of people going after mortgages that they can't afford will not really be apparent until a few years down the road, but if this is the case it will have a massive negative impact on the real estate market because the banks will take a massive hit at this point.

            The uncertainty of government actions is slowly sending the real estate market into a stand still because no one knows what is really going to happen. Builders are becoming more and more hesitant to build and buyers are being tempted by these rates because they are uncertain they will remain low once the government announces their actions. The longer this uncertainty remains the more and more of a negative impact it will have for banks. It is imperative that the federal reserve's takes into consideration the negative impact that this is having on the banks and the real estate market. It would be best for the federal reserve to announce what they are doing and stick with it so the market can push towards a steady rehabilitation versus an unstable one like it is currently experiencing.

How to Instructions

How to flip a home for profit

            Flipping homes is an occupation that can be practiced by all. People working full time can do this on the side, and people can even make this a full time job for themselves if they know what they are doing. Profits can be astronomical if the process is executed properly. Just follow this step by step guide on how to flip a home for profit and you may be pleasantly surprised with the profits that you generate for yourself. Another great part about flipping homes is you don't need any qualifications or educational background to do it, it can be one hundred percent self taught. Flipping homes has lead a large amount of people to financial freedom and can do the same for you.

            The first step to flipping a home is to understand the risks that come with it. Flipping a home means that you will be acquiring a large sum of debt temporarily. The plan is obviously to purchase a house below market value and make renovations increasing the value, quickly reselling that property for a profit. Once the renovations are finished and the home is ready to sell for a profit, a buyer does not always materialize as quickly as one would think. This means you may be stuck hanging on to that property for longer than expected, paying the mortgage on it and property taxes for the time period that you own it. This may force some to sell the house for a lower price than they are asking and essentially making no profit, wasting loads of time, and possibly losing money. Fully understanding these risks will make sure you reduce the risks as much as possible before you get started on the project giving yourself the highest chances for success. It will also make sure you prepare for the worst case scenario so you are not scrambling for answers if things don't go as planned.

            Once you understand the risks, it's then time to find the right location. There are three famous words in real estate which are location, location, location. Popular locations can be anywhere near the coast, a major city, or a major attraction, the best way to be sure is to do the research necessary. Use the resources at your disposal to find out all you can about a location. Looking at home values in a certain area and seeing what homes are on the market for in that area is a great way to do it. It is also important to speak to real estate agents in that location for some valuable insight on what attracts people to that area and whether or not he/she thinks flipping a home in this area is a profitable opportunity. It is best to pick a location you are familiar with already, this will save you a lot of grief. Possibly a place you have vacationed at many times before, or places you visited often growing up.

            The next task is to find a home that you think has potential! Some great resources for this assignment is looking at homes that have been foreclosed on by the bank, homes for auction at real estate auctions, and distressed properties. Often times great deals are found at all of these locations because it puts the buyer at a slight advantage over the seller. If you are lucky you will pick up a solid property for lower than market value. This is where your negotiating skills will come in to play. If the bank wants X amount of dollars for a certain property, it can't hurt to throw them a vernal offer much lower to try to reduce the price. Verbal offers do not legally bind you to buying that property which makes it a useful tool when negotiating a purchase with different sellers at a time.

            When you feel that you have found the perfect property, you need to analyze that property and crunch the numbers. This entails going through that property with a home inspector to find out what that home needs for repairs. If you have a lot of experience at flipping homes you can even do this yourself. Get a number for what the repairs will add up to costing. You will already know what you paid for the house, then you need to find out what repairs will cost, and speculate what the market value will be once renovations are finished, you will easily be able to tell if you can make a profit off the flip. Remember that your time is also a very valuable asset, when you are crunching the numbers you need to know how many hours you will spend dealing with this property during the time period of the flip, this leaves you with a daunting task of putting a value on your own time.

            Once you have crunched the numbers you need a timeline. This timeline should be the blueprint for the flip. This is one of the most important parts of the task. It should include when each repair should be done along the way, and it should include when you want the house to go back on the market. Your timeline should be very detailed and include every step along the way no matter how big or how small. If you do not finish the flip within your timeline it will mean that costs will begin to rapidly increase for the entire project which could turn in to a complete disaster.

            After the timeline is created you now need to figure out how to finance the operation. Assuming you have enough cash on hand to fund the project you will not need to find investors or assess short term mortgage rates. If you do not have the cash reserve that some are fortunate enough to have, you will need to assess short term mortgage rates to purchase the home and or find suitable investors that will expect a return on their investment. Keep in mind all of the information that you have gathered before this step will most likely need to be presented to any investor and the more detailed and well thought out your project is on paper the better chance that an investor will be willing to invest in the project.

            Once these steps are completed you are now ready to flip the house and sell. When repairs are made to the house and have met the timeline requirements you have created for yourself, the house is now ready to sell. Selling the house is not an easy task. Remember, first impressions are ever lasting. Most likely you will be left with a house that has undergone some significant changes, the house will be ready to sell but it will be empty! This means you will have to stage the house for the selling process, it is the best way to give off a good first impression and maximize value in the buyers mind. You can rent staging furniture or use other resources you have to make the house look appealing to buyers. It will be very difficult to sell a house that has nothing in it because it is tough for buyers to envision what it would look like when they bring in their own furniture and household items. Buyers need to be able to envision themselves living in this home which is difficult when it is empty. Make sure the house is clean and looks picture perfect, it will significantly increase your chances of selling it. The best way to sell is to hire a real estate agent, this will save lots of time for you and they usually have the resources to attract buyers.

            Finally enjoy the profits from the sale. If the process is done right you can set yourself up for a very nice pay day. Hard work, research, and knowledge are three key benefactors when you consider flipping a home. You may think the process ends here but it does not! the next step is to scroll back up to the top of the page and start the process again! This process can be repeated over and over again and can generate massive profits over the course of time.

New Resume

New Resume 

Patch Adams
www.PArealestate.com
Patch Adams real estate is now a major player in the real estate business in the United States. Ranging from commercial to residential Patch Adams real estate is involved in all kinds of real estate........

Patch Adams - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Patch Adams

Patch Adams was born on the beautiful winter morning of January 11th 1990. He grew up in a small town in New Hampshire and is best known for his success in the real estate industry. He is known for sticking true to his values and morals in both his personal and professional life.....

Patch Adams | YouTube
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Patch Adams giving excellent advice on how to flip homes while being profitable.....

Patch Adams | YouTube

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Patch Adams on values and Morals. Teaching people how to do business ethically and responsibly. He shows us in this video that there is a way to do business ethically while still making profits.....

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Check out Patch Adams on Facebook. The world's largest social media platform with over a billion users currently.

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#506iv #meta Patches Mack- Offers excellent insight on where the US real estate market is headed in the future.

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Discover Patch on LinkedIn and see how he conducts the professional side of his life.....

Devil's Advocate- Real Estate in the US

The housing market in the US is making a temporary recovery that has no longevity attached to it at all. Housing bubbles seem to be popping up all over the United States in locations popular to reside. Mortgage rates are still sitting at historically low standards but continue to climb as the economy strengthens. The government is currently stimulating the housing market in the United States through bond buying to keep long term mortgage rates low. This is all great at the moment, but what is going to happen when the government takes their hands off the housing market? I would say any sensible human being sees that this housing recovery that is taking place is not natural, it is merely the government using stimulus tactics to revamp the market,  it has no plan for what is going to happen once they stop stimulating. Once the government take their hands off they think that this industry will sustain itself through hopes and prayers.

Another sign that the housing market will not sustain itself over time is the amount of people that have properties they bought for a price much higher than they are worth now. People who bought before the recession are now in a tough situation because they are paying off massive mortgages on a property that isn't worth a fraction of the price. They can't sell because they would not even come close to breaking even with the price that they bought it for. Although the value of homes is increasing, it is increasing so slowly that it would take many years before it turned back to the way it was before the recession. At this point the government will have already stopped their stimulus tactics and the market will be right back where is started.

Historically low mortgage rates also says something for the banks. If mortgage rates are so low then they will not be making nearly as much money as they have in past. When the government stops bond buying from the banks they will no longer be able to afford low mortgage rates the way they are now. There will be an immediate spike in mortgage rates once the government takes their hands off the situation. Banks will be put under a lot more pressure to earn once the bond buying tactic is put to rest. This means that they will also become a lot tighter on who they give loans out to. Banks are not under as much pressure right now so their loan policies are a little looser because they can afford to be.

Anyone who understands the housing market in the United States knows that once Ben Bernanke announces that bond buying is through, all mayhem is going to break loose. We will be headed right back to where we started with the housing market. It just doesn't make logical sense to think that once the stimulus tactics are lifted, that the housing market will continue to thrive. There is no back bone or base to the recovery that insinuates us to believe it will sustain. if the federal reserve could map out a plan for what they will do to sustain the market after they get rid of bond buying it may look a little more promising to all.

About the Author

Patches Mack grew up in small town in New Hampshire and comes from a very close family. Patches has a lot of close friends from his home town and will hold on to them forever. When Patches began to get older he knew that he wanted to experience new part of the country and a change of pace to what he was use to. When he was accepted to Rutgers University in New Jersey he knew that this was the change he was looking for. It was within driving distance of home, it was a major change of pace, and academically it was a very good University.

Patches Mack graduated from Rutgers University while making several lifelong friends,  and was then faced with a major decision, pursue further education or start a job in the real world. He knew that further education would pay off in the long run which guided him to his studies at Quinnipiac University in the PR program. the skills that he has acquired so far are what is going to guide him in his quest through the real world. These skills will also help him acquire a way of life that he desires for himself.

Patches Mack portrays a real individual and the exact personality of that individual. The pseudonym is merely a mask being worn to conceal his true identity. With public relations skills and communications skills Patches is confident that he will do just fine in life. Although Patches isn't exactly sure what he wants to do once he is done with his education, he knows that it lies in the public relations and communications field and that it definitely includes something to do with real estate.

Resume

Patches Adams

RJMmclarney@gmail.com

6 Patch Drive • Hudson, NJ 90876 · (603) 943-4078

EDUCATION

Rutgers University – Rutgers School of Communications                                                                                          New Brunswick, NJ

Bachelor of Arts in Communications                                                                                                                                              May 2012

Cumulative GPA: 3.0        Major GPA: 3.2

Dean’s List (2011, 2012), Big East All-Academic Team (2011, 2012), Academic Honor Roll (2011, 2012), Academic achievement award winner (2012)

Relevant Courses: Communication Research, Approaches to Leadership, Interpersonal Communication

Quinnipiac University- MS Public Relations

Currently a Quinnipiac University graduate student in the public relations program

Expected Graduation date- December 2013

Current GPA- 3.4

Relevant Courses: Strategic planning, Public Relations Management, Reputation Management, Research Methods, Research Design 

RELATED WORKING EXPERIENCE

American Training – Lowell, Massachusetts                                                                                                                         Summer 2008

Career Development Specialist

My job at American Training was to support clients while they searched for jobs. My job was to equip them with the skills necessary to acquire a job. This included helping them prepare their resumes, prepare for interviews, and make sure they were ready for the challenges the workplace had lined up for them. I also worked with employers to help them find the right person that could help fill a position that they were looking to fill.

Sterling Office Moving – Chelmsford, Massachusetts  

Placement Engineer                                                                                                                                                      Summer 2010, 2011

As a placement engineer it was my job to ensure the safety of myself and the others working around me. It was my job to safely transport furniture and make sure that there was no damage to the furniture during transit.

Soccer Camp Instructor – Rutgers University                                                                                                Summer 2009, 2010, 2011

As a camp instructor I was responsible for 20 campers throughout the day. The most important part of my job was ensuring the safety and well being of all campers I was responsible for. After ensuring the safety of all my campers, it was my job to educate them on the game of soccer and help them become the best players that they could become.

ACTIVITIES

Rutgers University Men’s Soccer Team – New Brunswick, NJ                                                                September 2008 – May 2012

·         NCAA Division I Athlete - Collaborated with 25 other team members, implemented leadership and communication to successfully perform as a team

·         Team rookie of the year award (2008)

Quinnipiac University Men’s Soccer

·         2012 player of the year

·         All NEC honors in 2012 leading the NEC in assists

·         Member of the 2012 all-region team

Read Across America – North Brunswick, NJ                                                                                                              May 2012 – Present

·         Volunteer – assisting elementary school children with reading skills

Community service

·         Volunteer for Quinnipiac men’s soccer Sandy Hook fundraiser

SKILLS

·         Strong organizational, communication, and leadership skills

·         Excellent team member/group member

·         Computer: MAC and PC, Microsoft Office (Word, Excel, PowerPoint, Access), Programming: HTML, JavaScript

·         Excellent people skills 

Topic: Real Estate in the United States

                Real estate in the United states is something that anyone who plans on owning, renting, or selling a house should be familiar with. The housing market is truly fascinating to me. That is why I have chosen the real estate market to cover for my topic this semester. Real estate in the United States has made a strong come back in recent months but many uncertainties lie ahead. The government has implemented some eye opening stimulus tactics to spark a revival to the U.S housing market. Low mortgage rates and government bond buying have aided the recovery of the housing market. However, this brings forward some critical questions that will have to be faced when the government  stops its bond buying program and mortgage rates climb. This will bring adversity to this market that could essentially make this industry forever stronger, or less preferably, a mere disaster. 

Autobiography

                My name is Patch Adams. I grew up in a small town in New Hampshire where I attended public high school. I played soccer growing up and it has played a massive part of my life. I earned my bachelor degree in communications from Rutgers University. Shortly after I graduated I made the decision that I wanted to attend graduate school. I took an introductory level public relations course during my time at Rutgers which I enjoyed thoroughly. The class absolutely fascinated me. I decided that I wanted to learn more about public relations which sent me on a hunt for a school that would offer me further education in this area. On my search I learned that not many schools offered a master's program in public relations so my options were limited. Fortunately for me, Quinnipiac was able to offer me the education that I was looking for and I happily enrolled in the Quinnipiac  public relations masters program.