Blog
To become good in the real estate market and take advantage of its vast opportunities for development and profits, you need to get into it somehow, for example, as an agent, broker, real estate manager, real estate salesperson, consultant, valuer, builder, investor, etc.
05-05-2025
It is a realistic and common practice for the well-informed and smartly acting real estate trader, often referred to as a speculator in the real estate market, to achieve profit margins comparable to those of the real estate developer
23-04-2025
Good people are attracted to each other; bad people too
07-03-2025
Very often in Bulgaria, there is a leakage when implementing a project
07-02-2025
It is essential to know the following thought of Naycho Tsanov: "The people are the supreme master in the country"
01-01-2025
I immensely liked Chavdar Voivoda's (Chavdar Voivode's) statement: "They are 10 times more than us. This makes the job doubly complicated"
09-12-2024
Some follow the maxim "Work, work, work", and others - "Scam, scam, scam"
01-11-2024
In the state higher education institutions in Bulgaria, you understand, in fact, who represents what when you enter a period of professional development, such as the first or second habilitation
03-10-2024
When you have a professional relationship with someone, it is desirable to find out if they are not primarily working for some parallel structures
02-09-2024
One important thing almost always neglected when investing in a residential property is researching the potential future neighbours
01-08-2024
It's one thing to drive a car, another to drive a truck or a bus; it's one thing to appraise an apartment or a house; quite another thing is business valuation - the heavy artillery of the appraisal, which requires a good knowledge of mathematics, accounting, finance, law, statistics, planning, forecasting, macroeconomics, microeconomics, entrepreneurship, management, investment
02-07-2024
Just as the doctor cannot confirm what is wrong with a patient before examining him, so an appraiser cannot give a reliable opinion about an object without performing an inspection (on-site)
01-06-2024
A person himself sets his value through the things he tackles
01-05-2024
The appraiser's primary task is to value the property, not to explain to the client whether he/she likes the property or not
03-04-2024
The use of the phrase "call me if something very profitable turns up" in a chance meeting conversation between two acquaintances, one of whom deals in real estate, can be defined as almost nonsensical
02-03-2024
If they don't envy you, you haven't done anything significant
01-02-2024
As Donald Trump says: "Sometimes by losing a battle you find a new way to win the war"
31-12-2023
Donald Trump Quote: "If I give you one message to hold in your hearts today, it’s this. Never ever give up. There’ll be times in
your life you’ll wanna quit, you’ll wanna go home. Just never quit.
I’ve seen so many brilliant people. They gave up in life. They were
totally brilliant. They were top of their class. They were the best
students. They were the best of everything. They gave up. I’ve seen
others who really didn’t have that talent or that ability and they’re
among the most successful people today in the world. Because they never
quit and they never gave up. So just remember that. Never stop fighting
for what you believe in, and for the people who care about you."
30-11-2023
Warren Buffett Quote: "You can't make a good deal with a bad person"
31-10-2023
Bulgaria is greatly hindered by snobbery, badness, and excessive freedom
30-09-2023
Global practice is embracing the understanding that buyers are the primary factor influencing value trends, not appraisers
01-08-2023
According to bestselling author Robert Kiyosaki, so-called fake teachers exist. Kiyosaki says these are teachers who don't practice what they teach
03-07-2023
There are such thesisses that people with lower IQs earn more money
01-06-2023
Appraisers in America, Europe, Asia and other parts of the world have similar problems to solve
01-05-2023
A primary task of appraisers is to mirror and reflect the real estate market, and it is even sometimes perceived that appraisers create that market, along with lenders, agencies, etc.
03-04-2023
As some materials on the Appraisal Foundation (Authorized by the Congress of the USA as the Source of Appraisal Standards and Appraiser Qualifications) state, "the appraiser can't have a dog in the fight...he has to be objective, independent, competent, and impartial...also, the appraiser sort of acts as a gatekeeper when the appraisal is for lending real estate transactions"...in the source, there is also a reference to the Uniform Standards for Professional Appraisal Practice (USPAP, created and used in the USA) in which it is stated "perfection is impossible to attain"...another interesting opinion shared in the foundation is that every appraiser either has produced (or will produce) an appraisal report containing at least one typographical error, omission, etc. in their career
03-03-2023
Periodically attending training events, at the opening of which the presenter uses the expression "Good morning, good afternoon, and good evening, dear participants!" is desirable
03-02-2023
Giving a lecture can be said to be a performance that must be performed in the best possible way
02-01-2023
Some of the world's most wealthy people at an advanced age say they would give 99% of their wealth to be 40 again
01-12-2022
Some people become insiders, and others outsiders
01-11-2022
In principle, a person has two main paths that he can follow and accordingly choose one of them for his professional practice and career: (1) "Path of scam" - it is fast, risky and requires little effort, (2) "Standard (normal) path" - it is slow, relatively secure and requires enormous effort
Dr Kostov®
03-10-2022
"Wall Street's Dean of Valuation" Professor Aswath Damodaran (from the New York University), says the following: corruption operates as a hidden tax; to operate in a corrupt country, you have two choices - to play the games that the corruption requires you to play or choose not to play, in which case you lose business to your competitors who are less moral scruples than you are
Dr Kostov®
01-09-2022
If some things develop very quickly, it is desirable to question them; this should also be taken into account in the appraisal practice
Dr Kostov®
19-08-2022
According to Robert Kiyosaki, property management is a key function in real estate
Dr Kostov™
12-07-2022
It is more important to know the value, not the price
Dr Kostov™
15-06-2022
According to Prof. Steven Gedeon from Ryerson University in Toronto (Canada), the average age of successful entrepreneurs is 42
Dr Kostov™
14-06-2022
Non-standard real estate is bought by non-standard people
Dr Kostov™
06-06-2022
One of the most meaningful investments in the field of real estate today in the largest cities in Bulgaria is the purchase of a garage or parking space
Dr Kostov™
05-06-2022
The return on real estate investments is often much higher in case of properties with problems or poor quality properties...logically they are not preferred by many market participants, especially those who do not want to take risks
Dr Kostov™
04-06-2022
It is good to have keys for things we own - literally and figuratively - to open doors, literally and figuratively
Dr Kostov™
03-06-2022
Globally, we are currently in a period of inflation, inflation and inflation, but we are still far from some levels in the 90s in Bulgaria, which amount to over 400% inflation
Dr Kostov™
02-06-2022
DESIRE is one of the most important factors for success, and BURNING DESIRE is perhaps the most important
Dr Kostov™
01-06-2022
A typical example of a world-class real estate inspirer is Tom Ferry
IvoKo™
20-05-2022
It is good to focus on doing things that are beneficial in 2-3 different ways
Dr Kostov™
17-05-2022
Man what he does not have that seeks
IvoKo™
15-05-2022
Real estate appraisers should use all appropriate sources of information in their professional practice and appraisal reports. Sometimes even a conversation with the village shepherd is beneficial. Such a person can share valuable information about the development of the village over the years, the structure and origin of the population, problem points, etc.
Dr Kostov™
08-05-2022
Isn't it time in Bulgaria (like many other countries in the world) for tax purposes (so-called tax assessments) to be done by professionals, i.e. certified appraisers
Dr Kostov™
06-05-2022
At seminars in which I periodically participate in the American Society of Appraisers (ASA), some American lecturers are very proud to say that they are third-generation appraisers
IvoKo™
01-05-2022
As one of my favourites says, who is a significant builder - second generation because his father had been one of the leading real estate developers in New York in the early 20th century, a real investor, a real estate lover, a phenomenal trader, an inspirer, author of books (I read them 15 years ago), who later became President of the United States, namely DONALD TRUMP, one must love what one does; if he does not love him, he will not be successful; Trump also shares that his passion is the real estate from an early age
Dr Kostov™
29-04-2022
Sometimes in business and university affairs, the game is like chess
Dr Kostov™
22-04-2022
Depreciation of a building to the Ross Model is somewhat similar to human depreciation - lower in the first half of life
IvoKo™
21-04-2022
In general, I would define gated residential complexes (so-called condo or condominiums or residential complexes from closed type) as a "phenomenon" in real estate
Dr Kostov™
20-04-2022
According to the well-known American Real Estate Agency Raleigh Realty, the Buyer's Agent in Real Estate is a person who: 1. Has Local Knowledge; 2. Work for Free for the Buyer; 3. Offers Investment Purposes; 4. Knows other Agents; 5. Uses Local Resources; 6. Has Schedule Showings; 7. Has Emotional Control; 8. Has Experience; 9. Does Negotiations; 10. Does Financial Strategies; 11. Does Communications.
Dr Kostov™
19-04-2022
Factors that affect the value and price of real estate can be over 100
Dr Kostov™
18-04-2022
Professor Aswath Damodaran of the New York University (NYU) and business valuation guru often researches and publishes market analysis for FANGAM - the stocks of Facebook, Amazon, Netflix, Google/Alphabet, Apple, Microsoft
IvoKo
14-04-2022
To calculate the price per square meter of a dwelling in a new building in Bulgaria (on the primary or secondary market; based on the "clear" area, the so-called "carpet area", as is the European practice), you often need to add 50-75% on the price (asked, offered or paid)...i.e. 1000 euros/sq.m means 1500-1750 euros/sq.m
IvoKo
07-04-2022
The main six factors that most significantly affect the attractiveness of investment in residential real estate are: (1) location, (2) type and quality of construction, (3) residual serviceability (of the building and the housing unit), (4) floor, (5) orientation, (6) functionality and area of the premises
IvoKo
06-04-2022
A distinction must be made between appraisers and valuers
IvoKo
03-04-2022
A typical example of a valuable investment object in the field of real estate is the land
IvoKo
02-04-2022
The way of calculating the areas of individual sites in buildings in Bulgaria is different from that in many other EU member states...this creates several difficulties and misconceptions
IvoKo
31-03-2022
The orientation is significantly essential when investing in residential real estate
IvoKo
30-03-2022
Each real estate has at least 3 advantages and at least 3 shortcomings
IvoKo
28-03-2022
Every asset, liability or business has value and can be valued
ITS VALUE IS > or < or = 0
IvoKo
27-03-2022
From the book of Napoleon Hill Think and Grow Rich (1937): one of the qualities of a leader is cooperation...the leader must know and apply the principle of joint efforts and develop the ability of subordinates to cooperate
IvoKo
26-03-2022
From the book of Napoleon Hill Think and Grow Rich (1937): the leader must show a sense of responsibility...the leader must take responsibility for the mistakes and omissions of his subordinates
IvoKo
25-03-2022
From the book of Napoleon Hill Think and Grow Rich (1937): the leader must show empathy and understanding...the successful leader understands his subordinates and can always negotiate with them
IvoKo
24-03-2022
From the book of Napoleon Hill Think and Grow Rich (1937): the leader must have a sense of justice...without it, the leader loses the respect of his subordinates and the moral right to command
IvoKo
23-03-2022
...from Gerard O'Donovan (creator of the hugely successful business model Noble Manhattan Group), I learned that there is an old saying that the best business card in the world is the book...
IvoKo
22-03-2022
There are many good practices in some real estate agencies in Bulgaria, to develop the company...through a unique bonus system for employees...excellent internal environment... innovations - a great example in this regard is a real estate agency "New Home 1 (Nov Dom 1)"
IvoKo
18-03-2022
Biden also says Americans should turn the crisis into an opportunity
IvoKo
16-03-2022
It is good to know that one of the meanings of the word "crisis" in Chinese is "opportunity"
IvoKo
07-03-2022
Buffett says of investment that one must invest in oneself and communication skills
IvoKo
03-03-2022
Bulgaria needs investments - in new technologies, innovations, factories, young people, etc.
IvoKo
22-02-2022
Good things make energy...but there are different ways to use that energy
IvoKo
16-02-2022
If there are no mistakes, there will be no success
IvoKo
03-02-2022
The money is not the same now and in 10 years
IvoKo
28-01-2022
The successful person sees opportunities everywhere
IvoKo
04-01-2022
