Royal Lepage

Lakes of Muskoka Brokerage, Independently Owned & Operated

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Sit back and relax, we have you covered!

Market Saturation and Real Estate

Market saturation, in economic terms, is whenever a product`s volume in the marketplace has been maximized. When market saturation is reached, additional sales advancement can only be attained through improvements in the product, increases in share of the market at the expense of other suppliers or by a rise in the all round need. Quite a few companies are mindful of this and design products that need to be replaced frequently. Lots of individuals believe, for example, that present-day technology can produce a light bulb that would last in perpetuity but releasing this technology would slow up the need for light bulbs.

Some companies take care of market saturation by transforming their business design. For example, the market in the computer systems industry is becoming extremely competitive and somewhat unprofitable, and hardware companies are transferring their concentration to developing software programs and services features. Real estate markets are the same as any other markets and susceptible to the very same laws of demand and supply. Every real estate market experiences a cycle of feast and famine, and historical information shows that the cycle is seven years long from beginning to end.

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The cycle starts off with an increase in demand and when supply can`t meet it, selling prices begin to rise. As soon as demand and supply balance out, the appreciation quits and if supply overtakes need, price ranges begin to drop. The absorption zone is the period between decline and growth, and the saturation zone is the opposite, heading from growth to decrease. Fairly often the oversupply is due to builders who think that the great times will last forever. In the United States real estate markets over the last several years, there`s been a enormous inventory of real estate which will need to go before the saturation can be conquered. The image is further complicated by the influx of home foreclosures and REO properties available on the market .

This has different implications for different players on the real estate market. For example, if builders believe that there`s saturation in the condo markets, they`ll avoid building new condo properties which can be hard to sell. In the same manner, the sellers of condo properties must tone down their anticipations if they`ve got to effectively achieve a sale. However, if you`re an investor, this is the time to look for good buys unless you believe that prices are going to crash and burn even more.

It just about slipped my mind, but I would like to thank technickon ltd for their guidance on this article. I was talking to Simon there and taking notes at the same time. I had a rough draft done by the time I got off the phone. Anyway, when you need a tip-top cleanroom installation service pay a visit to https://www.technickon.co.uk and find out what they have to offer. Until next time!

Sources

http://cardinalconstruction.ca - We appreciate you for selflessly sharing your practical knowledge!
http://torontotheftlawyer.com - Definitely worth checking out.
http://glasswing.ca/web - Great business resource.
http://www.onthespotpainting.ca - Terrific page.

Posted in Real Estate Post Date 12/14/2015


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Appraisal Overview

There are three approaches to value that we can consider – Income, Cost and Direct Sales Comparison. Depending on your property, we will gladly explain which approaches apply and can aid us in determining the market value, if that is the value that is sought after. There are many kinds of value that can be required, but, by far, market value is the most commonly required. This requires an in depth and firsthand knowledge of the local market place.

Common Myths

MYTH: An appraisal is the same as a Realtors Opinion of Value.

FALSE. An appraisal is an in depth view of the property with features and factors being compared to other properties with similar features and factors. The sales considered have to meet the definition of market value as laid out in CUSPAP. Appraisals signed by designated members have usefulness for financing and estate planning and settlement, whereas opinions of value typically do not.

Frequently Asked Questions

What is the cost of an appraisal?

That will depend on the purpose of the appraisal and the location of the property. How long will it take to complete the appraisal once an inspection takes place. Again, depending on the purpose of the appraisal, a typical re-financing assignment will be completed for the lender within 3 days. Referrals – our Clients have included Financial Institutions, Law Offices, The Federal Government, Private Lenders, Personal Property Owners, to mention a few.

 

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