Archive for September, 2008

How To Choose A Real Estate Agent

Tuesday, September 30th, 2008

Does the real estate agent whom you have chosen work only for you or for the buyer as well. You should know what are the responsibilities of a real estate agent before having a discussion with him. These information help you know the pros and cons of working with Real estate agent.

There are three types of agents:

  • Seller’s agent
  • Buyer’s agent
  • Dual agent

Seller’s agent helps sellers. Buyer’s agent helps buyers. Dual agents work for both.

How to find and hire real estate agents:

Only few among many know how a real estate agent works. Since Real Estate agents can make or break your deal, you should know what would be your financial future? How real estate agents work?
A question always arises in mind whether to hire a real estate agent or do it without hiring? Should you buy buyers broker? Should open your house for all brokers who have interest? How are real estate agents paid and who pays them? You should hire agent only after you have answered all of the above questions.

Almost all agents cost the same. It’s always quiet better to hire agents who have higher educational background and experience. We are looking for the most precious time of our life. So why not to go for the best?

Agents take the Spam out of your property listing. They are just like buffers. Suppose you are buyer the agent will whip out his sword and keep the builders at bay. Thus they prevent them from biting at your nails.

Agents can easily give you the details of the neighborhood. They could easily give you the information about selling, that the following property which actually cost $ 3500000 after falling out of escrow was sold out for $2500000. They will also provide you the details of schools and crimes.
Agents do not take into consideration buyers or sellers to fix the cost of the property. Instead they search for market supply, demand and conditions.

Real estate agents can easily disclose the market conditions. They can let you know the average cost per square foot of the houses, which are alike, average sales price and ration of list to sold ratio. This information will have a deep influence in your final decision.

Lots of paper work is being carried out during real estate deal. Agents guarantee to take over the whole job regarding paper work on their shoulder.
Paper work is very important and risky and even a single mistake can land you in court or jail.

Agents can also give you a list of references with whom they have worked. You can choose any one from them.

Digital Asset Management

Monday, September 29th, 2008

Digital Asset Management comprises of storage, retrieval, cataloging, annotating and ingesting digital asset like digital photograph, video, music and photographs. It also denotes software for downloading, backing up, renaming, rating, and grouping optimizing and archiving files.

According to GISTICS almost $8200 is spent per person on file management activities. This include searching, verification, back up, organization and security. Creative professionals spend 1 to 2 hours per 10 hours in file management. It takes around one third of total time in searching. The average creative designer searches for file 80 to 90 times a week and fails 35 percent of occasion. It can be come down to 5 % through digital access management.

Various advantages of Digital Asset management are:

  • It saves money as well apart from time. Researches show that ROI to digital asset ratio is about 8:1 10 14:1.It saves money by:
  • Cutting the time in locating assets and devoting that time in project.
  • Re-purposing
  • Reduce turnaround time.
  • DAM leads to consistent workflow. Etc.

Asset being managed is stored in digital format. It is generally the finest resolution and fidelity. It is detailed by its metadata.

Types Of Digital Asset Management System

There are following broad category of DAM

  • Brand asset management system
  • Library asset management system
  • Product asset management system
  • Digital supply chain services

For senior manager DAM is the ability to generate more value from digital asset owned by organization.
DAM involve following activities:

  • Storing assets
  • Cataloging assets
  • Searching for assets
  • Using assets
  • Reviewing assets
  • Improving assets

Digital asset management helps in planning decisions about how to use media assets.
An effective DAM has to pass following stages

  • Ingestion
  • Search
  • Review
  • Refinement

Ingestion: This introduces the asset to the system.
Search: This refers provision of search engines and various tools helping user to find assets according to the data entered by them.
Review: This deals with having accurate and relevant reports about assets being searched for.
Refinement: Refinement comprises of tangible information for which asset is searched.

When an organization have more than 500 files/ or staff, it is difficult to manage, and then the organization can go for digital access management.

Effective implementation of DAM reduces time as well as cost. That is why all the organization is opting for DAM. It’s really profitable.