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What’s New in the Library – June 2012

Updated Field Guides

Agricultural/Farm Land
On the surface, buying a farm has a very ‘get away from it all’ sort of appeal. The reality is that farming can be emotionally and financially stressful with success dependent upon many variables, including the weather, taxes, domestic and foreign competition, etc. The rewards, however, can be considerable. This field guide explores the pros and cons of owning farm property.

Development Impact Fees
Impact fees, or development fees, are expenditures that developers are required to make as a precondition to approval of their projects. Impact fees are generally used to finance roads, schools, affordable housing, transit systems, and other projects and services in municipalities throughout the United States. The fees are frequently passed on by developers to purchasers in the price of a new property and, therefore, increase the cost of housing and decrease the profitability of a particular project. This Field Guide includes articles, studies, Supreme Court decisions, and other material on the debate over impact fees.

Due Diligence for Homebuyers
Purchasing a home is a huge endeavor, and buyers need to be more educated than ever—before they begin the process. This field guide provides links to practical resources on most every aspect of home buying, from establishing credit to negotiating the final contract.

Errors & Omissions Insurance
The ever-increasing complexities of real estate transactions and the rising use of litigation have prompted a need for errors and omissions (E&O) insurance programs to reduce the risk to sales associates and the real estate firms they represent against potential lawsuits. The following items address E&O and professional liability insurance, answering many of the questions REALTORS® may have about how E&O insurance works and how to choose a provider.

Greening Your Office
What can you do to keep the spirit of Earth Day alive at your office? This field guide provides practical tips and ideas to make your office a greener and healthier place through recycling, green architecture and smart use of office resources. Learn how you can help the environment and save money, too.

Historic Properties
Love the history and romance of old homes? Become an expert in working with historic properties, learn about the pros and cons of these special houses, discover their unique appraisal and restoration issues and much more.

Hotel/Motel Properties
Hotel/motel investment is a specialized part of the commercial real estate world. But what are the tricks of the trade? Find out what you need to know about management, security, brokerage and appraisal in the Field Guide to Hotel Properties below.

Land Investment
While land investment may not provide the instant gratification of a home purchase, this sort of venture can be quite lucrative. Land investors have different needs and concerns than those of typical real estate investors – zoning, planning, environmental issues are just a few of the challenges they must face. This Field Guide will help those who wish to take on this interesting branch of the real estate industry.

Property Tax Appeals
You just received your property taxes and they’ve gone up again.  What can you do?  Although each individual assessing body has a different method of filing property tax appeals, this field guide offers some general guidelines and resources to give you an edge in the process.

Recruiting & Retaining Salespeople
In this highly competitive real estate marketplace, how do you find and hire successful agents—and what’s the best way to prevent your top producers from switching to another firm? The material on this page will help you discover what makes a top producer and offers some of the latest tips and techniques for hiring successful, reliable agents and keeping them on your team.

Sale Leasebacks & Synthetic Leases
Often used as a financing alternative, sale-leasebacks offer financially struggling companies access to cash to pay down debt and improve the bottom line. And in a post-Enron environment, sale-leasebacks provide an alternative to the less favorable option of synthetic leases. Find out how sale-leaseback transactions have helped the balance sheets of hotel, restaurant, retail, and other businesses, in the articles and books in this guide.

Short Sales
What is a short sale?  A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance due on the loan. This page offers information about the basics of short sales and advice for the real estate professional.

Short-Term Rental Restrictions
Impact fees, or development fees, are expenditures that developers are required to make as a precondition to approval of their projects. Impact fees are generally used to finance roads, schools, affordable housing, transit systems, and other projects and services in municipalities throughout the United States. The fees are frequently passed on by developers to purchasers in the price of a new property and, therefore, increase the cost of housing and decrease the profitability of a particular project. This Field Guide includes articles, studies, Supreme Court decisions, and other material on the debate over impact fees.

Site Selection
Successful site selection begins with the basics – traffic flow, market analysis, property size, and zoning restrictions, among other factors. But site selection considerations for a restaurant differ widely from those for warehouse properties. Learn the basics, and then venture into site selection for office, retail, restaurant, hotel, and warehouse properties, in this Updated Field Guide.

Using Digital Video as a Sales Tool
With YouTube practically a household word and digicams and video-editing software becoming ever more sophisticated and affordable, digital video is suddenly where the action is. Property sellers and real estate professionals alike are finding out how easy and effective it is to create and post homemade virtual tours, neighborhood guides, and other videos to help sell real estate. This field guide explores why and how to market real estate using videos on the Web.

Dave

Senior Information Specialist

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