Phone Camera

Vital Information ______________________________________________________________________________ Start-up Investment Low - $3000 (for word processor and camera, using the family car) High - $10,000 (includes an office, car lease, and a few advertising) _______________________________________________________________________________ Break-even time - Two months to one year ______________________________________________________________________________ Estimate of Annual Revenue and Profit Revenue $70,000 - $3 million (one individual at low end; supervision a staff of appraisers at high end) Profit (Pre-tax) - $60,000 - $500,000 _______________________________________________________________________________ Real Estate Detectives The function of a real estate appraiser is to determine what a particular piece of property is worth. Banks: loans are not made or a home foreclosed on without the value of the property being established. Then you need to establish what the construction costs would be if you were building today. Perhaps a seller was in a bind and sold below market because he/she was making an overnight move. You will have to dig up clues through your detective work -- talk to the buyer and seller or the attorneys and real estate brokers involved in the sale. You can really capitalize on your leg work if you are able to appraise more than one similar property within a reasonable time period. For example, a bank may supply much of the back-up information and provide a form for you to fill in, thus cutting down greatly on the amount of time required to make the assessment. A solo operator can easily run his/her office from a spare room in his/her home and needs to have a minimum of equipment: a telephone, tape measure and camera. These two additions to your overhead can equate to 50% of your fees.

0 comment :: Post a comment