Real Estate Theater Is It Comedy Or Tragedy? That often depends on weather you're a thespian or sitting in the house.
Real Estate Theater Is It Comedy Or Tragedy? Is it a professional company or community theater? That depends on how you define professional? If professional means the players anticipate being paid, it's professional. If professional means the players actually get paid, it's debatable. If professional means the players demonstrate professionalism sadly there are fewer and fewer professional productions.
Real Estate Theater Is It Comedy Or Tragedy? I don't know, so laugh it's better than crying! I can tell you real estate theater is always improvisation. Real estate theater reminds me of the "Borges Follies" a hospital support group production from years ago in Kalamazoo. Every other year they bring in a New York director a stage "star" or two and a couple of local TV personalties (for free publicity) to do a show with local thespians. Mixing the pro's and the hobbyist couldn't be called professional. Mixing the pro's and the hobbyist was a tragedy to the pro's, a comedy to the hobbyist and abundances, when it a good time was had by all! Such is real estate theater!
As you know I teach and consult on real estate, mortgage lending and borrowing. On both very large and large to the client projects. I had two projects this week I can't classify. I can only talk about one.
Real Estate Theater Is It Comedy Or Tragedy? Please tell me is this a comedy (I laughed!) Or a tragedy (several involved cried)?
The caller was brokering a hard money loan on a vacant commercial property. He had requested the apprisal he was told existed on the property. The client had recently paid for an appraisal so he faxed it to my student.
The "appraisal" never said it was an appraisal it was not on any sort of form. The description had been cut and pasted in from the MLS listing. It claimed to have 5 comparable to the thirty acre. subject. Indeed the first "comp" was a similar parcel on the same road, but lacked any information as to weather it was closer to town or twenty miles further out, it was described by meets and bounds. The other four, 5 acer parcels were described by lot numbers. We were told they were very close.
Lacking any real information we checked the with the county. Our subject and the comp's were close. The four smaller sited incredibly close to the big "comp" in fact they were four of the six parcels it had been subdivided into! The county didn't show any recent sales. Accessing the MLS it was found that the "comp's) were listed at the price we were told they sold for. In fact they were listed both as the whole site and as 6 five acer sites. So I ask you.
Real Estate Theater Is It Comedy Or Tragedy?
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