Spreadsheet Project, Essay Example

In the field of real estate, agents selling properties know that it is highly important that time is considered accordingly. Such time indicates the value of the property; sometimes depending on the location, upraising a particular project needs to be given attention to as to how long it will take for the property to be sold. The longer the property is sold, the lower the commission of the agent becomes. Changing circumstances in the market and in the community all contribute to the overall value of the property. Hence, it is very important for an agent to consider the current situation surrounding a particular estate. As things are expected to change, these conditions could affect the fluctuating pricing options that a property receives. Hence, once a price has been determined and agreed upon, it is important that such consideration be considered accordingly thus dictating the need to sell the property immediate [while it is still a hot item in the market].

So to speak, it is time has been a specific element that is utilized in the selection of projects to be concentrated upon in relation to the list that was provided. Relatively, carrying into account the commission of 7% from each property listing, the condition of time difference between the listing and the selling point distinctively creates an effect on how much commission the agent gets, these elements were specifically considered for the completion of this project selection process.

Summary Table Listing

There were three specific projects taken into account in relation to which one ought to be given attention to. These projects are expected to provide the most efficient and acceptable rate compared to all the other listings. To complete the choice selection, these particular calculations were carried into account:

Commission= (selling price)(7%)

Days to sale= Sale date-List date

Average Commission/day= Commission/days to sell

Calculations:

Considering from all these calculations, it could be seen how the days of sale actually create a distinct difference on the rate of commission that an agent gets form selling a particular property. Relatively, this is the reason why it is very important that an agent becomes highly concerned about how he is able to sell the property faster and earlier. Upraising the property within the right time and targeting the right market could provide relatively high positive odds for the agents.

Basing from the calculations presented, it could be realized why these three projects were chosen to be concentrated upon. Besides the fact that their characteristics would best fit the desires of the regular market, these properties seemingly have lower number of days to sale making them more specifically able to provide the profit that best benefits the agent.

Project Choice Presentation

Among the three particular projects considered for this presentation, project 2: 1010 with features of 2 bathrooms and 4 bedrooms could be considered the best choice. This choice is based upon the consideration on the average daily commission that could be earned from the said property. Relatively, the practicality of the features of the property also makes it easier to sell in the market. With these features given attention to, an agent would best be benefited especially in relation to the goal of earning more from a particular property being sold.