Category Archives: Real Estate

Here’s Why You Should Avoid Timeshares

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According to recent statistics, the value of timeshare-related business transactions in the United States is upwards of $10 billion in any given year. Although business is booming for timeshares and has always been booming for the industry, many financial experts and laypeople alike agree that owning a timeshare often causes headaches. It’s true that you should never take others’ advice on things without learning a bit about them yourself. As such, let’s dig into the basics of timeshares and the downsides they carry alongside them.

Companies Spend Tons Of Money Making Timeshares Look Like Good Buys

Real estate companies regularly put on seminars, talks, and shows for people who are potentially interested in buying timeshares. They often feed, house, and transport attendees just to listen to real estate agents and other salespeople for an hour or two. Although visiting such seminars might seem like a good idea, just for the heck of it, it can result in you being stuck with a major liability that you can be held liable to pay for decades upon decades.

The Supply Of Available Timeshares Greatly Exceeds The Market’s Demand For Them

In simple terms, this means that timeshares almost always depreciate in value because they’re not scarce. Real estate companies can consistently generate substantial profits from building or buying properties that are ideal for vacationers. However, reselling them often doesn’t turn out so well.

They’re Expensive!

Some estimates place the average annual cost of a timeshare in the United States around $15,000! Timeshares usually last for at least a decade, though they sometimes stay active until their owners die. That’s a lot of money just to stay at what’s essentially a rental home with infinitely more liability for a week or two each year. You know something isn’t a great value if you can’t give something away for free. As a matter of fact, many timeshare transfersresult in owners having to pay other individuals or businesses to take timeshares off of their hands!

Forensic Engineering Professional

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Typically, failure analysis is performed by a forensic engineering professional. This process examines, tests and analyzes why a particular structure failed. The focus is on gathering information about the faulty component and its history. A detailed visual examination provides more thorough understanding of what went wrong.A series of tests are also performed:

Nondestructive testing – magnetic particle test, dye penetrant
High magnification
Destructive testing
Hardness testing
Mechanical testing

Fatigue damage is the most common reason structures fail. Sources of the fatigue can come from restrained thermal expansion, internal vibratory sources and outside forces. A stress analysis and strain gage test can reveal the exact stressed area where the failure originated.In addition, the material’s properties determine if a low cycle fatigue or high cycle fatigue initiated the failure. Testing will also determine if a catastrophic failure occurred because the crack grew too big.Industries That Use Failure AnalysisSome of the industries that use failure analysis include:

Automotive, Transportation and Marine Industries
Manufacturing and Construction
Power, Utilities and Boilers
Water systems

Steps to Performing the AnalysisThere are eight crucial steps that must be performed to have full analysis to reveal the cause of structural damage after a catastrophic incident.

Step 1: Collect background information, including service history, of the failed component.

Step 2: Visually examine all failed components and related parts in the failed state. Low magnification examinations are also performed during this step to locate areas that need further analysis or testing.

Step 3: Analyze all degraded or fractured surfaces at high magnification with a Scanning Electron Microscope (SEM).

Step 4: Use the SEM to determine the origin of the failure by investigating the initiation site. The purpose is to look for contributing factors or any unusual conditions. The failure mechanism is identified and characterized as an overload, fatigue, etc. the engineer will also investigate to see if any unusual stress risers exist.

Step 5: The cross-section microstructure is selected, prepared, examined and analyzed in the area where the failure initiated. Conditions of manufacturing processes reflected in the microstructure are also analyzed and investigated for potentially flawed conditions. Material quality and heat treat conditions are also investigated.

Step 6: The failed component, coatings or platings undergo a chemical component analysis.

Step 7: Tests for hardness, strength, and mechanical are performed.

Step 8: All tests results and gathered evidence are analyzed to formulate an opinion and conclusion for why the structure failed.

The careful analysis through extensive forensic examination helps to provide a conclusive explanation of the root cause for the failure.

Why I Want to Rent an Apartment in Birmingham

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After owning my own home for several years, I’ve decided that I’d like to rent an apartment for a change. I’ve been specifically looking at apartments in Birmingham AL. I’ve selected that area for several reasons. I have a lot of friends and family in the area. They enjoy living there, and they tell me it’s a great place to live. Homes are reasonably priced, and it’s also affordable to rent an apartment there. Their opinions matter to me, so I’m really interested in what they have to say. Continue reading

Do you want to learn the reality of the real estate business?

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The real estate business is a growing one. Even with the ups and downs in the economy since the economic meltdown of 2008, the real estate profession is a viable one and becoming more profitable all the time as the economy goes into full recovery.

Many people want to take part in this very compelling industry, but it can be hard to know how to become a skillful realtor. The answer involves knowing how to learn the reality of the real estate business. The place to learn how to practice it professionally and earn a Nevada real estate license is at in Las Vegas, Nevada.

The Key Difference is a highly respected academy for the study of real estate in Las Vegas. This school offers an extensive line of real estate courses that will take those wishing to learn this demanding and also rewarding profession all the way from novice level to licensed, working professional.

The curriculum offered by Key Realty School is available in a classroom setting as well as online. The school began in 1991 and since then it has trained more than half of all the licensed, practicing realtors in Nevada. Since 2004, the school also began training students outside of the Nevada area, and now offers classes in California, Arizona, Utah, Alaska, Hawaii and Oklahoma.

The training offered by Key Realty School is extensive, and deals with all aspects of the profession. Classes include study in Appraisal, Business Brokerage, Community Management, Home Inspection, Mortgage Lending, Nevada Real Estate and Property Management.

Becoming a Working Professional Through Key Realty School

The goal at Key Realty School is to train students who go on to become successful working professionals. Students who have finished a full course of study here will be guided through the process of taking Certificate Training, either through an Online Course Portal, in person, or via FAX. Students who successfully complete their course of study and achieve certification will also have access to job placement services through the school’s partnership with over 50 realty companys and with the Realty Connection, which provides recruiting services and referrals to brokerage companies who are seeking to hire licensed realtors in Nevada.

If working as a licensed real estate professional in Nevada is the dream, has the key to professional success.