Introduction of My Firm Essay Example | Topics and Well Written Essays - 500 words

Introduction of My Firm - Essay Example timation of property value in comparison with other properties), guide the seller or buyer through the process, necessary paperwork preparation for ‘Sale by Owner’ sellers, appraisal of real estate, exchanging property, property auctioning, leases and contracts preparation and consultancy. Under supply will mean lower prices. As a recent example, negotiators saw fast appreciation as well as a frenzied response by the consumers within the real estate market in US from year 2002 to 2005. The response had been caused by the reason that real estate demand happened to be at all time high at the same time as supply was limited. This demand and supply lead to rapid appreciation, where sellers of homes received multiple offers in a matter of days or even hours (ALTOS, 2014). There was a time within the same period when Southern California homes sold at 18% on average above listed price, the outcome of this market condition within which demand outstripped supply. In July 2014, there were just more than 1,400,000 residential properties within the market which is low. In 2013 houses for sale inventory raised and it is now increasing slightly throughout the country. ALTOS estimates that in 2015 supply will rise by 10% or about 1,600,000 active for sale properties will be availabl e in the market as at July 2015. That means that prices for properties will go down with time (ALTOS, 2014). In 2010, the required time for sale was t peak indicating high demand hence prices changed significantly. In 2012 and 2013 when there was high demand, only few properties required price reductions. Property crises throughout the United States are poised for a 5th consecutive year for recovery (ALTOS, 2014). There is still low supply while demand remains healthy due to expanding economy as well as other factors. Both demand and supply conditions are moving to healthy conditions, from extreme bullish conditions (ALTOS, 2014). A significant trait of demand curve happens to be the sensitivity