thurston county commercial real estate: The State of the Market Address - 02/12/08 11:47 AM
Due to the state of the market I think it would be safe to say that many of us have evaluated our current status as realtors.  I've spoken to veterans, newer agents and those working around the market and all of them have been dissatisfied with one or more aspects of their current status.
Hey ME TOO!!!  All that being said it has caused me to reframe my thoughts on brokerage, development and just plain sales.  The best news is that it has created more motivation for me now then ever before.  I'm so excited about the possibilities that are opening up … (0 comments)

thurston county commercial real estate: Are you opening yourself to a lawsuit? - 11/21/07 10:23 AM
As we move to a more litigious society and people are suing everyone for anything does it hurt to take some precautions?  Of course everyone agrees the answer to this is NO, of course not.  We will mitigate our risk however we can if it doesn't cost alot of money.
As investors to multifamily or commercial properties you could be opening yourself up to a whole host of issues depending on how you take title.  Obviously as agents we are not lawyers and must not try to act as such, but wouldn't we be neglect in our duties if we didn't at … (11 comments)

thurston county commercial real estate: Commercial Vs. Residential One on One - 11/20/07 04:20 AM
Often I am asked about how my job as a COMMERCIAL agent differs from associates in the residential world of real estate.  Generally speaking they don't mean the lending structures, the business aspect and/or any of the nitty gritty details of each deal.  People want to know, what do I do differently in my day versus my counterparts.
I can tell you the single largest difference is my job is not only that I work business hours like a banker but that my job is BLACK and WHITE.  Completely, honestly in many ways my job is easier although I have to wait … (4 comments)

thurston county commercial real estate: Is commercial real estate in danger of the credit crunch? - 11/20/07 03:56 AM
Depends on who you ask is the simple answer.  Many commercial analytics are showing a property decline in parts of the country, although others are showing a general increase.  No matter who you ask the answer could be different depending on how they evaluate their data.  Apartments have decreased, Retail property has increased, Industrial sites have increased, Raw Land has decreased - but some raw land is classified residential in some studies even if it is development land for subdivisions.
The value of commercial real estate as a whole, which nearly doubled in the past seven years, is now starting to decline … (0 comments)

thurston county commercial real estate: Will Commercial Real Estate follow the Residential Decline? - 11/10/07 04:45 AM
Depends on who you talk to, however the short answer is NO and here's why.
Each are affected differently, and following is a brief description.
  The market value of commercial real estate is determined by the state of employment and interest rates. Commercial real estate is a business with a profit and loss statement. Hopefully, that profit and loss number is positive and provides cash flow. That number is then transitioned into a capitalization rate and is used as a comparison against other yields of equities and debt.
The value of residential property is also determined by employment and interest rates. However, there is no … (7 comments)

thurston county commercial real estate: Positive Real Estate News - 11/08/07 03:15 AM
I had to read it twice....but my previous blog - Is it turning? or do we just hope it is? has also received many positive comments from other industry professionals that have noticed the same thing!!
THE BOTTOM IS COMING.......and when it turns it may trend upward quicker than expected.  Those that get in early will stand to make the most.  The article on bankrate stated that new home sales are actually up from last month, albeit slightly, even though … (7 comments)

thurston county commercial real estate: Is it turning? or do we just hope it is? - 11/07/07 03:25 AM
Recently I've noticed a change in the blog mentality here on activerain as well as other sites.  Many of the mortgage brokers are starting to see stated income products coming back online as well as other "responsible" options that were temporarily unavailable.
The inventory numbers seem to be changing nationwide - not certain if they are being sold or if sellers are pulling their listings in favor of renting.  Either way as the inventory normalizes or reaches lower levels the bottom of the market is eminent.  Will it be tomorrow?  UNLIKELY, but it is changing.
Get your buyers and investors ready.  Things will … (15 comments)

thurston county commercial real estate: Why Blog? Do you do it for you? - 11/06/07 01:58 AM
I recently read an article that stated most agents blog to market themselves within their local market.  So why do we blog on a social networking site that gives us points? 
Do the agents with more points get more marketing time?
This is likely something everyone here has thought about but the more blogs you have the more chances you have to be caught in a search engine.  The more social networks you have the more likely you are to get referrals.  The more respect you might have in a community could lead to further business as you have blogged about the state … (14 comments)

thurston county commercial real estate: Will your shopping mall be next? - 11/03/07 04:58 AM
Are your big box and power center retailers going out of business?  Would you live above your local grocery store?  Are you a mixed use proponent?  WHAT IS MIXED USE and WHO KEEPS ON MIXING IT?
 As you drive through your market you have begun to see many mixed use examples, but what are they?  They seem to be popping up in urban as well as suburban areas and succeeding according to the International Council of Shopping Centers.  BUT WHAT IS IT?
The term refers to developments that combine elements of residential, retail, office and entertainment.  These projects are often advertised as the … (0 comments)

thurston county commercial real estate: 1031 Like Kind Definition and Examples - 11/02/07 03:04 AM
As I've been placing further 1031 information on the web I've received numerous comments and questions about what like kinds of property are and how might they be able to use 1031's for them.  Well here is the definition from the IRS and let me also give you a few examples.
Like-Kind Property
Properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Personal properties of a like class are like-kind properties. However, livestock of different sexes are not like-kind properties. Also, personal property used predominantly in the United States and personal … (4 comments)

thurston county commercial real estate: Multiple Property Exchanges in a 1031 - 11/01/07 05:47 AM
Often times our investors come to us with questions about how to identify, how many they can identify and how many they can exchange when dealing with a 1031.  Based on the IRS code here are some of those answers in short form. 
Is there a limit to number of properties that are identified in the 45-day period?
You can identify more than one property as a potential replacement property, but be mindful of the rules. You can identify up to three properties without regard to fair market value. Or, you may identify any number of properties provided that the total value does not exceed … (1 comments)

thurston county commercial real estate: Making a Change - 10/31/07 03:25 AM
Today I realized that I have been stagnant for almost a month maybe even longer.  I have been in a rut and either I haven't noticed it or I'm complacent to be there.
I haven't been marketing myself with the methods that I know succeed......I've been lazy, posting blogs and writing comments when I could be shaking hands and meeting new clients.  Activerain has helped me get some potential clients but not anything that I can count on as "guaranteed" paychecks.
 Now this guy is happy....I'll bet he's not in a rut.  No matter how successful you can be or are one realization … (4 comments)

thurston county commercial real estate: Are you on edge? - 10/28/07 06:58 AM
 Is it the full moon or is it the current state of the market?
 Have you found over the past few weeks you have not been "completely" yourself?  Sure you are still you and you are as good as you were 2 years ago - just as motivated, just as helpful, just as good with your clients (when they come around).  But something is different, whether at home or with associates.
It seems to me something is in the air.....other associates of mine had made mention of this.  I feel it's almost stifling.....breathing becomes a task instead of a natural habit.
Take some … (3 comments)

thurston county commercial real estate: Too many projects not enough time - 10/27/07 06:30 AM
Do you believe that everything happens for a reason?  We can only hope so.
I purchased two homes in July and due to poor contractor work have been unable to finalize the "flips" until just a few days ago.  During that time I have witnessed the market lag and fall, and try to climb and lag again.....hopefully my delays are part of a larger plan.   Worst case scenario means rent until I am comfortable with an estimated selling price or sit on stagnant product waiting for the right buyer. 
Have you had similar experiences?  Where, when?  Are you still in it?
Who's got … (6 comments)

thurston county commercial real estate: Do you pay for being honest? - 10/26/07 09:26 AM
Have you found that when you answer a question honestly that you are then taken advantage of by another agent or a client and then somehow left in the cold on a deal?
Recently I was working with an agent who submitted a back up offer on a piece of property that I had listed and was currently under contract.  That property had a long feasibility as development would be difficult.  The agent then goes directly to the buyer and pursues a ground lease for the site - which isn't a bad deal for me, it means I still will get the … (2 comments)




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