Real estate is a pretty simple concept itself, but the real estate industry is far from simple. But over the last 2 decades, Nick Vertucci has learned quite a bit and is sharing it with the students of his Real Estate Academy. Whether looking into commercial or residential real estate, there are a lot of important things to keep in mind and risks to consider.
Nick Vertucci wants his students to understand that it’s not a quick shopping trip when deciding to buy real estate. You have to do a lot of research before you purchase any property, whether it be for an investment or personal use. You need to understand how the market works before you start the process.
Some of the market trends that Nick Vertucci looks at include sale and listing prices, rental costs, construction rates, and inventory among others. For example, in California thre is a seller’s market taking place due to low inventory and high prices. There are also micro factors involved such as amenities, orientation, layout, and building style of the property.
According to Nick Vertucci, location is one of the most important factors when it comes to real estate. You have to consider what the land is worth in case anything happens to the building on it. While it’s important that the property is in a good area, it’s also important to note how accessible things like dining and entertainment are in the area. In addition, the school systems are extremely important, especially for families. The value of the land in California is one of the main reasons why the coastline in the state is selling for such a premium.
Nick Vertucci has succeeded even through 2 financial disasters. He made a come back after the real estate crash in 2007. Now, he wants others to know that they can do it as well.