Archive for May, 2009

Should Buyers Use a Real Estate Professional?

May 29th, 2009

Should buyers use a real estate professional? Of course, the answer is apparent to just about anyone who’s tried the buying process on their own. But there are still uninitiated, young buyers who may ask themselves whether they should even work with a real estate professional.

If you’re questioning the value of using a real estate professional during the buying process, ask yourself some in-depth questions…and be honest with your answers.

• How well do I know the area where I’m looking to buy?
• How strong are my negotiation skills?
• How knowledgeable am I of local home values, taxes, utility info, and school data?
• How many times have I gone through the home-buying process? Twice? Ten times? Thirty times?
• How important to me is a smooth closing?
• How much free time do I have, and can I dedicate all of my efforts to this?

More ambitious buyers who choose to work extra hard can find out short, simple answers to some common questions. But as this report on whether buyers should use a real estate professional reminds us, it takes a full-time person within the field to be able to give credible, detailed, personalized answers.

Indications show that happy buyers are usually those who choose to work with real estate professionals rather than going it alone. And there are a variety of reasons. From ease-of-buying to added peace of mind after the closing, using a real estate professional, such as a Buyer’s Representative, just plain makes sense.

Commercial Mortgage Delinquencies Threaten the Real Estate Market

May 26th, 2009

News about the US economy is almost always accompanied by news about home mortgages. Rarely, though, do you hear about the commercial real estate market and commercial mortgages.

In addition to declining sales, increased vacancies, and forced contract re-negotiations, the commercial real estate market is facing challenges regarding commercial mortgage delinquencies – just as the home real estate market has.

While commercial mortgage delinquencies are significantly lower than home mortgage delinquencies, they are rising. Just how much are they rising?

Check out this article from Realtor.org for the figures:

Commentary: Commercial Real Estate Faces Threat from CMBS Delinquencies

This article further details how rising commercial mortgage delinquencies lead to further danger even for well-performing properties because of the way these ventures are financed. Just check out the recent story of General Growth Properties, Inc. declaring bankruptcy, impacting over 150 of their well-performing retail properties. (Read more about General Growth Properties in this Wall Street Journal article.)

Investing in Real Estate Investment Clubs

May 11th, 2009

Looking for a way to gain that competitive edge in investment real estate?

Try a real estate investment club. Regardless of your level of experience in investment real estate, these networking opportunities can be a valuable asset to advance your career.

Bright Future for the Fittest in Commercial Real Estate

May 6th, 2009

The commercial real estate industry, like any other, is no stranger to the struggles of business during the US economic downturn.

As detailed in our last blog post, “Are We in the Third or Fifth Inning of the Commercial Real Estate Game?”, the economy’s impact on commercial real estate is twofold. First, everyone has less money to spend. But, second, businesses are laying off employees. And fewer employees means a decreased demand for commercial office space.