Month: October 2018

Considering the number of retail jobs available in the market nowadays as well as the plethora of people looking for employment in this sector, you need to be extremely efficient in adding value to the company if you wish to leave a mark and make your presence felt in this industry. There are some jobs in this sector in particular, which bosses absolutely love. This is primarily because these jobs add to the overall economic value of the business if they are performed efficiently and hence employees must be focused on delivering exactly what their bosses need from them. In addition to adding value to the business, these jobs also improve the credibility as well as the lifestyle of the bosses.

When it comes to retail jobs, you may not find the same job titles as those that are prevalent in other sectors. In the retail industry, the jobs are more about your attitude and ability to fulfill specific tasks allotted to you which will directly add to the value of the business. Some of these jobs are very basic while others are strategic. Reliability is something that bosses dig for as they would love an employee who is careful about punctuality and delivers exactly what is expected of him. Presenting new and creative ideas to your bosses about how to attract more customers to the store will definitely improve your image in their eyes. Even if they do not implement your ideas, you will surely be appreciated.

Customer service lies at the heart of any retail industry. It is not only about smiling and being nice to customers, but also involves maintaining your calm and patience and being able to deliver a friendly and at the same time professional persona on a consistent basis. Once customers get to know you, they are bound to come back to the same store and even say some nice things about you. There is no better way to catch the attention of your bosses than to get them to hear about your popularity amongst customers.

You should always concentrate on delivering more than is asked of you. Retail jobs have become so competitive that sometimes just fulfilling the tasks assigned to you is not enough. For instance, you could always turn up early for your job or take up an extra project to demonstrate how committed you are towards adding value to the business. Honesty has become rare in this business and thefts have become very common. You must not resort to any such activities in this industry so that you can build an image of trust with your bosses.

You’ve probably noticed in the news that real-estate markets across the nation are starting to see a little increase in activity and sales prices. That’s fantastic news for the typical seller, but for sellers having distressed property sale prices and surely days-on-market figures may not be looking up much. The truth is it is tough to sell an underutilized or distressed property in any market as traditional purchasers view it as a high risk investment given its condition and the amount of capital that will be necessary to get it into good running condition. So what’s an owner of distressed commercial, industrial or retail property to do? Think about a real estate bargain sale!

What IS a Real Estate Bargain Sale?

A bargain sale real estate transaction is an alternate to traditional selling techniques that allows the seller to pocket cash at closing while getting a substantial tax deductible donation that usually saves them from paying more in taxes on their regular income than they’d receive cash at closing. These kinds of sales are cash, meaning no contingencies to meet and a fast, comparatively painless closing. In a real estate bargain sale transaction the seller is given a bit of cash at closing to cover their assessment and closing costs, additionally they get a non-profit donation deduction which could be used on a quarterly return if they’ve sufficient income, or it could be applied to their tax returns for around 6 years. Real estate bargain sales often bring a higher sales price for the property than traditional buyers would offer due the IRS Rules regarding assessing bargain sale real estate in Publication 561 . So between the fast cash, charitable donation and higher sales price these sales really are a fantastic option for sellers of distressed properties!

IRS Publication 561

As everyone knows in this day and age if it sounds too good to be true it generally is. Sellers pursuing real estate bargain sales do not need to panic about a scam. The Bargain Sale Exchange was created by the government in Section 170 of the IRS Code and predates the 1031 Exchange, making it a long running safe and proven technique of selling distressed or underutilized business, industrial and retail properties. How does the bargain sale offer a greater profit for sellers than a traditional sale in the real estate market? These sales are bound by the IRS Code Section 170 and are more explained in Publication 561 requirements for real estate appraisals. This kind of appraisal allows the appraiser to assess the value by a combination of three methods of valuation: the Replacement Cost Strategy, the Market or Sales Approach as well as the Income Approach. They then take a weighted average from those techniques and may also think about the highest and greatest utilisation of the property when determining its value even if that use differs from its current use. According to IRS Publication 561:

‘Fair market value (FMV) is the price which property would sell for on the open market. It is the price that might be agreed on between a willing purchaser and a willing seller, with neither having to act, and both having reasonable knowledge of the relevant facts.’

Valuing a property in this manner removes the factors of time constraints and carrying costs on the seller’s part. Therefore the property can be appraised for a higher value than it might be in more traditional sales which use only the Market or Sale Approach or the quick bank .

Bargain sales of real estate offer an excellent alternative to more traditional selling methods for owners of underutilized or distressed property. As real estate bargain sales are cash transactions, closing is fast and simple. Under the terms set by the government the seller is entitled to a charitable donation deduction due to the sale and also pays minimum capital gains taxes on the cash obtained at closing. Thus all that cash saved by not paying as much in income taxes from gifting real estate via a bargain sale to charity can be reinvested in your business!

For more details visit http://mercyrealestate.com and http://mercyfoundation.org