Unit 2: Term Paper Check Point 1 Due Sunday by 11:59pm Points 0 Submitting a file upload Instructions The purpose of this activity is so that you do not wait till the last minute to start your term paper! We have two check points for the term paper, and you will submit the finalized term paper at the end of unit 7. Plan ahead to make sure you are on the right track. The two check points are not graded but are designed to make sure you are on the right track for your paper. Unit 2: Check point 1 Step 1: If you have not done so, review Term_Paper_Guide.pdf Step 2: Choose a topic for your Term Paper from the Term paper topics, and write a short proposal for your term paper in doc file (Microsoft Office 1997-2003 format) or rtf file (Rich Text format). Step 3: Save your file as your last name term paper proposal. For example, save it as SmithTermPaperProposal. Step 4: Submit the proposal by uploading it to this page.

Checkpoint for Real Estate

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Checkpoint for Real Estate

The principles of real estate are very fundamental in guiding the people both students and investors on accurate information on the knowledge relevant for real estate investments. There are various principles of real estate that are vital to be mentioned and can assist guide a person, either the potential client, student or real estate investor. One, scarcity is a big factor. The principle of scarcity is used to attract prospective clients to invest in real estate. Most clients would want to invest if they know there is a limited widow of opportunity to acquire a property. The opportunity might be limited for a person to acquire the property at favorable terms. As such, it is important to make most clients understand that they are losing better opportunities if they do not make the deal as soon as possible. On the side of the prospective investor, it is also important to learn the tricks of the dealers to avoid being rushed into making a deal with unforeseen agency that has limited benefits (Ling, 2017).

Similarly, the location of a property matters since most people would be comfortable with the neighborhood having it as a priority over the property itself. The location determines the value of the property to be highly valuable and of high demand or invaluable with low demands.  Location determines the value of a property depending on the security of the place, the standard of living the culture or values of a people that attracts various interests in a place. In addition, a prediction of future value of a location can make a property increase in value. It is also recommendable that constant learning about the dynamics of real estate be practiced. Learning is able to highlight emerging factors that surrounds the real estate market and establish better ways to mitigate emerging issues. In addition, it is critical to have such concepts through constant learning to help have a competitive advantage over the rivals who can be clients, dealers or rivals (Ling, 2017).

A client vast with real estate information would likely to have a better deal than an uninformed client. In addition, a dealer who has vast information of the market dynamics would be at a better position to advice clients on better options and choices in helping them make a decision. Additionally, emotions are important to be kept a side before the negotiations begin. Certain factors might influence the prices of homes at the present, but same factors might differ in the near future or the circumstances that make a property very expansive or very cheap might change due to other variables. As such, when decisions are being made, they should be informed by market statistics based on research and leaned experiences.

Reference

Ling, D. C., & Archer, W. R. (2017). Real estate principles: A value approach. McGraw-Hill Education.