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Real Estate

This week we will be discussing the final walkthrough before closing. Read The B

This week we will be discussing the final walkthrough before closing. Read The Balance’s article by Elizabeth Weintraub, “Tips for Doing the Final Walkthrough Before Closing on a Home” (attached). In it, Elizabeth stresses the point that final walkthroughs aren’t home inspections… nor are they a time to begin negotiations with the seller to do repairs.” Reflect on the information in the article, then give your thoughts on a few questions. Here we go…
A point is made that buyers may be tempted to pass on the final walkthrough. What would you say to your clients to have them reconsider that stance?
Scenario #1: You do the final walkthrough with your client and find that some of the agreed upon repairs the seller agreed to have done… weren’t. How would you approach this situation?
Scenario #2: The home inspection showed no blaring issues, but you do the walkthrough two-days before closing and you find a problem. How would you address this with your client, the buyer? The seller and their agent?
My discussion boards are opinion oriented. That being said, remember net etiquette and be sure to provide a brief explanation/justification for your viewpoint. There is no right or wrong answer to these questions, just your personal, thoughtful response.
Also remember to respond to one of your classmates. That part is 40% of this grade… Good luck!

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Real Estate

Please only use our textbook as a source: William Pivar & Robert Bruss, Calif. R

Please only use our textbook as a source: William Pivar & Robert Bruss, Calif. Real Estate Law (10th ed.
2019).
Assignment:
1) Prepare a grant deed based on the following information.
2) In a thoughtful essay that applies cited law from the textbook:
a) Identify the different types of deeds that are used in CA.
b) Then, explain the effect of using a Grant Deed to transfer the ownership interests of the parties in the subject property (what are the bundle of rights / warranties provided?)
c) If a Quit Claim Deed was executed by the parties instead of a Grant Deed, how would that change the ownership interests of the parties?
Fictional Fact Pattern:
Blackacre, which is located in San Diego, CA, is being conveyed via Grant Deed in fee simple from Allison Apple to Betty Blueberry for $2,500,000. Betty Blueberry is purchasing the property for her residence. She currently resides at 543 Rose Blvd., San Diego, CA. The legal description for Blackacre is “Lot 22, Block 7, Blackmark Estates according to the plat thereof as recorded in Official Records Book 5405 at Page 32 of the public records of San Diego County, CA.” The deed is executed on September 1, 2021. The property is being transferred subject to a mortgage in favor of Chase Bank, dated August 8, 1989, and recorded in Official Records Book 4928 at Page 250 of the public records of San Diego County. The original amount of the mortgage was $490,000. Blackacre is located at 1234 Estates Rd, San Diego, CA 92101.
There are several essential elements to a valid deed:
1. It must be in writing;
2. The parties must be properly described;
3. The parties must be competent to convey and capable of receiving the grant of the property;
4. The property conveyed must be described so as to distinguish it from other parcels of real property;
5. There must be a granting clause, operative words of conveyance (e.g., “I hereby grant”);
6. The deed must be signed by the party or parties making the conveyance or grant; and
7. It must be delivered and accepted.
Any form of written instrument containing the essential elements above will convey title to land.
A typical grant deed may be in the form as follows:
“I, John A. Doe, a single man, grant to Emma B. Roe, a widow, all that real property
situated in Sacramento County, State of California, described as follows: Lot 21,
Tract 62, recorded at Page 91 of Book 7 of Maps of Sacramento County, filed
January 21, 1965. Witness my hand this tenth day of October, 1983.
(Signed) John A. Doe”
A sample grant deed count be found here: https://arcc.sdcounty.ca.gov/Documents/GD.pdf

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Real Estate

Bush Terminal Made in NY Campus The proposal for a redevelopment of an industri

Bush Terminal Made in NY Campus
The proposal for a redevelopment of an industrial site into a multi-media studios campus.Please prepare a proposed (fictional) team for the RFP response. Specified your team, in full (including real companies and individuals you propose to hire or partner with in this fictional exercise).
1-2 pages

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Real Estate

10 points for challenges, 10 points for potential opportunities.

Article #3 assignment is to lookup an article about the current market: higher interest rates, decline in sales, etc. It should be local to California and be an article from the last 90 days. Please provide a link from the article and write a response as to what possible challenges these conditions can create for real estate professionals AND what opportunities could be out there. 10 points for challenges, 10 points for potential opportunities.

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Real Estate

It should be local to california and be an article from the last 90 days.

Article #3 assignment is to lookup an article about the current market: higher interest rates, decline in sales, etc. It should be local to California and be an article from the last 90 days. Please provide a link from the article and write a response as to what possible challenges these conditions can create for real estate professionals AND what opportunities could be out there. 10 points for challenges, 10 points for potential opportunities.

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Real Estate

Why might they differ, especially with a focus on type of good or service?

Why does it matter that we model retail activity using a hierarchical model of goods and center types? In short, are trade areas the same for all retail? Why might they differ, especially with a focus on type of good or service? Please make use of the readings. How has the Pandemic perhaps changed these factors and hierarchies?
some related documents are attached

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Real Estate

Why does it matter that we model retail activity using a hierarchical model of goods and center types?

Why does it matter that we model retail activity using a hierarchical model of goods and center types? In short, are trade areas the same for all retail? Why might they differ, especially with a focus on type of good or service? Please make use of the readings. How has the Pandemic perhaps changed these factors and hierarchies?
some related documents are attached

Categories
Real Estate

What is the estimate property before tax cash-flow (ebtcf) for each year of operations?

Fundamentals of Real Estate Question: I don’t know how to set up this question in excel.
You are considering the purchase of a retail building for 34 million today. Below you are given the information you need to analyze the investment and decide how to proceed.
Your expectations for this stabilized property include the following: 60 unit charging average monthly rents of $3000 a month; Free rent for 6 weeks for all the tenants in yer 1due to the recession, but this policy ends after year 1. 9% vacancy in year 1 due to the recession and 4% vacancy in all years thereafter; operating expense ratio of 45% but tenants for 25% of operating expense. Capital reserve equal to 10% of EGI; and leasing costs equal to 50% of vacancy losses. The cap rate goes up by 100 basis points during the time you are invested in the property, and you use this new cap rate to value the property at the time of sale, which is year 6. Your selling expenses are 2.75% of the resale price. You get a 60% LTV mortgage with a 7% interest rate. Your equity investors expect a return of 10%.
1. What is the estimate property before tax cash-flow (EBTCF) for each year of operations? please show the calculations in the form of a pro-forma.

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Real Estate

Read the instructions veryyyyy carefully.

The screenshot has all the instructions + everything else you need is also attached ( the two articles). READ THE INSTRUCTIONS VERYYYYY CAREFULLY. Attached is also a doc with the expected terminology to be used in the analysis.

Categories
Real Estate

What is the estimate property before tax cash-flow (ebtcf) for each year of operations?

Fundamentals of Real Estate Question: I don’t know how to set up this question in excel.
You are considering the purchase of a retail building for 34 million today. Below you are given the information you need to analyze the investment and decide how to proceed.
Your expectations for this stabilized property include the following: 60 unit charging average monthly rents of $3000 a month; Free rent for 6 weeks for all the tenants in yer 1due to the recession, but this policy ends after year 1. 9% vacancy in year 1 due to the recession and 4% vacancy in all years thereafter; operating expense ratio of 45% but tenants for 25% of operating expense. Capital reserve equal to 10% of EGI; and leasing costs equal to 50% of vacancy losses. The cap rate goes up by 100 basis points during the time you are invested in the property, and you use this new cap rate to value the property at the time of sale, which is year 6. Your selling expenses are 2.75% of the resale price. You get a 60% LTV mortgage with a 7% interest rate. Your equity investors expect a return of 10%.
1. What is the estimate property before tax cash-flow (EBTCF) for each year of operations? please show the calculations in the form of a pro-forma.