How would I figure out what my house will be worth in 10 years? approx of course?
Answers: It would be a complete guess. If you bought a house in some areas now hard hit by foreclosure in 2005, there's a good chance it won't be worth what was paid in 2005.
If you live in an area that didn't get the recent rapid price appreciation your house could be worth significantly more in 10 years.
Most likely, your house will appreciate at approximately the rate of inflation, or ~3% a year. I'd be surprised if your house was worth 30% more in a decade. (the other assumption is that you don't go plowing $100k into the house for an addition or something else, same configuration as today, roughly the same condition as today - which would require maintenance).
In many areas the price appreciation of the past decade was a once in a generation kind of thing and expecting your house to increase by the same amount in the next decade is foolish.
good luck!
Depends.
Where your house is.
What type of house it is.
What condition it is in.
Will it be maintained or updated over the next 10 years.
Will there be any major developments in the area over the next ten years.
How much it is worth now!
You could answer all the above, or, just guess!
I do not think there is any way to tell there are too many factors that could effect the value. Try looking at what the house was 10 years ago...that would give you a huge ballpark figure.
Large Properties within Queensland?
I'd like to move to Brisbane following this year and I'm looking to buy a large property surrounded by hopes of opening a bed and breakfast. I'm looking for a property beside quite a few acres. Being from America, I'm not sure where on earth all the massive properties are located. Obviously I can't expect to find a country house right in the city, so hopefully someone can make clear to me where I should look. I'm liable to be a maximum of 100km out of Brisbane. So basically my press is which suburb would I most likely find closely of land?Answers: Toowoomba would probably be the best it is almost 90ks west of Brisbane
Toowoomba is situated on top of the great dividing inventory
Does the broker who holds a realtor's license profit when the realtor sell a house and make a commission?
In this scenario, the realtor is an independant contractor but their license is held by the broker and the broker maintains an department where the realtor meet with clients and uses their services. There is probably some arrangement where the realtor help pay for overhead but I'm curious if it would be standard for the broker to share surrounded by any commissions earned by the realtor.What incentive does the broker enjoy to oversee or manage the goings-on of the realtor, particularly if the realtor make a mistake or even breaks the law and commits fraud surrounded by the sale of a piece of concrete estate?
Answers: Absolutely. The real estate agent and broker usually hold a contract to share the sales commission. Typically, the broker get 1% and the agent gets 2% from which he/she may wages expenses (advertising, signs, lock boxes, etc.). Sometimes the broker share pays for some expenses.
The broker usually shares a greater burden of responsibility if legal problems arise from the mart.
Here is how the relation ship works.
You have a Real Estate Brokerage firm who name a Broker-in-Charge.
You have a Licensed Real Estate Salesperson.
In every state, a Real Estate Salesperson CANNOT market real estate lacking hanging their license UNDER a supervising broker. The broker is responsible for that Realtor for conducting business inside the realms of the ruling and the rules of the firm.
The Real Estate Salesperson, in exchange for the supervising and mortal able to use the company logo's, etc...pays a commission split.
Legally ALL LISTINGS AND BUYING CONTRACTS belong to the FIRM..NOT to the sale person.
So when the commission is compensated out, it's paid to the firm, who splits it, according to a pre-arranged contract, next to the salesperson.
Real Estate salesperson's can lose their licenses for accepting money directly.