Real estate counseling is the act of providing advice or guidance on real estate decision making for a client. The advice is rendered solely for the use of the parties receiving the advice, and it is rendered without personal bias or conflict of interest. Real estate counseling is not considered a real estate discipline, such as brokerage, management, or appraisal, but rather real estate counseling is considered a process. The steps in the counseling process are as follows:
- Gather facts and assess the situation;
- Analyze the collected data;
- Recommend key courses of action based on the client's goals and objectives and/or;
- Execute the selected course of action chosen by the client.
IRR's Counselors have been called upon to provide answers to a wide range of questions, such as:
- What is the best use of this property?
- Should I keep the property, rehab it, sell it, or lease it?
- How should I go about disposing of the property?
- How should the property be marketed?
- What kinds of financing are available?
- How do I deal with toxic substance problems on the property?
- What can I do to make the property more attractive?
- Should I rezone now or let the buyer do it?
- What impact will redevelopment have on the community?
Click here to access the website for the Counselors of Real Estate to learn more about Real Estate Counseling services, or give us a call to discuss your Counseling needs.