Property Listing Details

Update the property listing details

The property listing details could reflect the public listing when researching the opportunity or the listing that would be posted when it is time to sell a property that is already purchased. The listing details are shown on the property overview page and in some reports.

Screenshot of the property details listing form

Adding the listing details

The property listing details can be added or removed at any time to provide its sales context. Select Add listing details to add the listing details or press the trash icon on the top right to remove them.

Summary information

The top fields of the form contain facet type information often used when searching through listings on various sites. Only the property type is required to save.

Property type

The type of property based on its use and income. This is exclusively a listing identifier and does not restrict how the property is modeled.

Type options:

Office: An office building made up primarily of traditional leases.
Light Industrial: A property of traditional leases used in manufacturing.
Retail: A property primary made up of traditional leases with additional revenues coming from a percentage of tenant sales.
Flex / Coworking: A property primarily composed of short-term leases in commercial properties.
Multifamily: A residential property containing one or many residential leases.
Hotel: An establishment providing short-term accommodation, meals and other services.

Property class

The property class, as it would be recognized in its local market. It is used to categorize properties based on their quality, risk and potential income. This can be input simply as 'A' or 'Class C.' Additional details can be added.

Listing summary

A summary sales description of the property to entice a buyer. The summary can long and include information that highlights the use and opportunity of the property.

Property highlights

A sorted, bulleted list of property highlights, usually written by the selling agent. These highlights do not need to be property facts and are often shown in real estate listings after the summary of the property.

Property facts

Property facts are a list of bullet point details that are known to be true, often property specifications and zoning information, that contribute to the valuation of the property.

Any number of property facts can be added to a property. Some common fact types are explicitly defined by ReturnSuite. Any number of additional facts can be added as needed.

Facts can be added, removed and reordered using controls on the form. The order the facts are set will be the order they appear in reports and when they are used. Facts with greater importance should be near the top.

Fact types:

Sale Type: The expected usage for the property by the buyer. Selectable types include: Investment, Investment or Owner Use, and Owner Use.
Building Size: The dimensions of a building in the selected area unit as a decimal. The selected area unit does not need to match the area unit of the model. Additional building dimensions can be added with additional info.
Year Built / Renovated: Either year the building was built or renovated or both. At least one value must be input if this fact is added.
Lot Size: The dimensions of the lot in the selected area unit as a decimal. The selected area unit does not need to match the area unit of the model.
Zoning: The zoning information of the building by the local government controlling how the property can be used. This should be as specific as possible.
Parking Spaces: The number of parking spaces to be input as either a number or text string.
Additional Info: A custom field. The name of the fact will be shown in reports instead of additional information, allowing multiple entries to be added. A value is required for each entry.