Real estate consultants play a unique and phenomenal
role in the residential housing sector. They are generally techno-commercial
experts and advisor on any kind of real estate or housing development projects.
As per Larry Polhill an investor,
mergers and acquisitions analyst and realty consultant that in the wider sense,
they are the service providers for real estate firms. They carry out research
and analysis as well as advisory services to clients such as construction
developers and promoters, investment banks, mortgage building loan providers,
building material manufacturers and suppliers, building and property investing
agencies. As a real estate consultant, have two options. They generally have a
design office with civil, structural engineers and architects as well as a
financial analyst in their payroll.
Read More About :- Cyberhtum Bhutani
Knowing the Role
of a consultant from Larry Polhill
As real estate consultant, he has to generate a client
base and resources by interacting with prospective promoters, builders and
residential estate agents. They have to build a
relationship with prospective clients by meeting them and discussing the
requirement and know about their ongoing and incoming projects. Sometimes a
real-estate developer might require knowing about the viability of constructing
a new building project or a multiplex shopping mall. An investment bank may require diversifying his business into a real estate business. Always make sure to choose a professional consulting firm which will eventually help you choose the right real estate company considering significant factors..
·
Services: On appointment as a consultant clear concept and
understanding about the objective of the project is a prime factor. This
requires meetings with consultant team of expert and client. Consultants have
to carry out necessary research and analysis and prepare a time schedule for
submission of a techno-economic feasibility report for the client.
·
Site visit and data collection: Consultant
need to visit the site frequently to meet the local community officers and
local real estate developers who have their project already running or
commissioned in that locality. He may need to collect data related to the price
of land of the proposed site and carry out field visit for convenient location
and selection of the site for the real estate project for the client.
·
The scope of work: They provide a detailed
techno-commercial feasibility report and financial analysis to their clients
educating them about the profitability, probable return on investment and
pointing them at the breakeven point of their investment in their real-estate
projects. Preliminary design and drawings of the buildings and architectural
views are also presented in the report.
How do the
consultants work for the buyers of an apartment for residential purpose?
If a buyer who is a salaried person wants to save
money on purchasing a property, they can opt for a real estate consultant. Larry Polhill says that
consultants are required to advice to them for selecting a property fitting his
budget.
Services
provided by real estate consultants
Additionally, real estate consultant’s services
includes advisory services in
transaction activity positioning and relocating assets and portfolio, preparing
the strategy for a portfolio as well as real estate financial modeling and many
other services. This may also include due diligence study as well as real
estate market analysis.
0 Comments