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Real Estate – The New Hampshire Experience It has been established that the real estate industry is the among the fastest growing sectors in the world. This is actually in all countries in the world. Why is the real estate industry recording such voluminous growth? Well, demographic factors such as population growth have surely played a major part in this exponential growth of this industry. There is clearly a need for more housing for the ever-growing population of people in the world. The real estate industry of the United States of America is one of the highest growing industries in the world. There is huge demand for ownership of homes in the US. The expansion of this industry has resulted into more merchants and traders trying their luck in the real estate industry. The state of New Hampshire for instance has witnessed a great number of companies being registered all in a bid to take part in the ever-growing real estate trade. Desire for personal home ownership is actually the driving force for this rush for merchants to get into the real estate industry. The real estate industry is in two folds. First of all there are those who desire to buy houses either from companies that deal in real estate or from individual persons wishing to dispose off their own homes. The second group are home sellers who put up their houses for sale due to reasons best known to them. Generally, majority of those wishing to sell their personal houses do so to upgrade to better houses and better living standards or just to liquidate properties that are lying idle.
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How does New Hampshire’s real estate industry work? The mission and vision statements of most American real estate companies would help us understand this matter easily. It is clear that real estate developers in New Hampshire wish to construct as many houses as possible. For this to successfully happen, they must also ensure that there is a positive correlation between the number of units they build and that of those wishing to own houses.
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If a real estate company develops new apartments for instance, it advertises the same using different media. It is from advertisement platforms that potential buyers express their interest. The company then allows for viewing so that people can make informed decisions. The company then makes it clear the modes of payment that are acceptable before the deal is closed. Some real estate companies in New Hampshire do not construct houses of their own but rather offer facilitation for those selling houses and those buying. Such companies are intermediaries between those who wish to sell their own houses and potential buyers. This is done by the company advertising its services for home sellers to reach them. Sale of the house is done at a price that is slightly higher than that posed by the owner. A commission is then generated from the extra fee charged on the sale of the house.