We are in a transitioning market with a lot of uncertainty out there, so I would like to summarize in as succinct manner as possible:
- Stabilized assets will STILL command top dollar.
- Upside opportunities and value-add opportunities are becoming more frequent.
WHAT DOES THIS MEAN TO YOU?
As most sophisticated investors have been saying, the time to buy is NOW. With interest rates STILL at historic lows, strong buyers will find many opportunities. For those who are considering selling anytime in the next few years, give some thought to today’s economic conditions. Although the condo conversion days are virtually non-existent now, the STILL low interest rates yield low capitalization rates = higher prices. While the rental market has softened slightly, it is still very strong in the multi-family sector For Buyers:
We have an extensive, exclusively-listed inventory of all different product types (land, industrial, office, multi-family, retail, etc.) in the Tri-County area (Miami-Dade, Palm Beach, & Broward). We have value-add opportunities as well as stabilized assets. I invite anyone who is looking to purchase property to stop by our office, and I will get you access to our exclusive inventory.
For Potential Sellers:
We are always available to give you our Opinion of Value/Market Analysis.
- where the value is in your property
- based on your investment goals, whether or not the best strategy for TODAY is to sell, hold, or refinance.
- what are the comparable sales and rents in your market?
- what is your current Return on Equity (ROE) and can your money be working harder for you in a better-performing asset
My team and I have just SOLD and CLOSED over $3 Million in commercial real estate assets that had a strong value component for both buyer and seller. Our job, as real estate professionals, is to highlight the inherent value component. Properly priced properties, that are correctly positioned DO draw strong interest from buyers and in some cases multiple contracts/offers.
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