OVERPRICED LISTINGS November 3, 2009 - 11/14/09 07:12 PM
Wow the market has really made a correction! Probably not what a property owner wants to hear- HOWEVER, if you are selling your property wouldn’t it be best to hear that early rather than later?!
So why would a trained professional real estate agent consider taking an overpriced listing? Consider the following scenario; Listing agent is being pressured by an Office Manager to “get listings”. The theory is; the more listings you have the more probability you have of closing a deal. Dutifully, the listing agent agrees to seller’s request for yesteryear’s pricing. Property is listed with bogus income and expense … (0 comments)

Cooperating or NOT cooperating Agents October 11, 2009 - 11/14/09 07:07 PM
Recently, I experienced a property listed for sale and the listing agent is not sharing information because there is little or no fee to share. In most cases, the Seller is unaware that their property is being marketed to select individuals only- namely those buyers that are likely to work with the listing agent directly. How does that serve the Seller’s best interest?
Good question! I wonder whose interest is really being served?!  I wonder how many sellers of commercial real estate really understand how their listing agents operate after the listing agreement is signed?!
A recent event caused me to … (0 comments)

Jobless Recovery November 14, 2009 - 11/14/09 06:55 PM
Let me begin by saying- there is no such thing. I could think of a few oxymorons to go along with this idea; Larger half    Almost exactly    Genuine imitation     Unbiased opinion     Exact Estimate  LOL!
Since this “jobless recovery” is tied to the rallying stock market and housing sector, let’s begin by analyzing the cause of the recent stock market rally. What is fueling the stock market and causing the rally? One idea that stands out above all others has to do with the unemployment numbers. Media tries to put a positive spin on unemployment figures claiming the RATE of new unemployment … (0 comments)

Split Tax role November 6, 2009 - 11/14/09 06:31 PM
 *** RED ALERT – SPLIT ROLL PROPERTY TAX INITIATIVES FILED *** The following message is from Rex S. Hime, President & CEO, California Business Properties Association- reprinted with permission. CBPA Board Members and Advisory Board Members Affiliate Member Leadership (ICSC, BOMA, NAIOP, IREM, CDA, RILA, CCIM)
This is a Red-Alert to let you know that this past Friday, November 6,2009, the hammer finally dropped and two initiatives have been filed for Title and Summary with the Attorney General’s Office to change Proposition 13 and end tax protections for commercial real estate by enacting a Split Roll Property Tax. It is reported … (0 comments)

 

Pete Chrzaszcz, CCIM

San Ramon, CA

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