When the U.S. Prime Rate rose to 21.5% back in 1980, the cost of both buying commercial property and refinancing became very expensive. This was not a good time for the economy and the fact that interest rates were so high back then greatly reduced people’s interest in buying commercial properties. In addition, our businesses…
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We’ve been fortunate because, in so many different areas within our nation, the economy has improved substantially from where it was during the Great Recession. But for those of us who have been through both up and down cycles within the economy, we know that a transition will be coming at some time in the…
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Property insurance is something that we traditionally insist on having in place on commercial properties that we own. The thought of potentially sustaining major damage to one of our properties, and not being protected by insurance for the loss, would make most of us completely wince when thinking about it. But what will your insurance…
Read MoreHere we are right now in the middle of 2018, and how are you doing in accomplishing your goals for the entire year? With this in mind, it may be wise to check in and see how you’re doing, to see if you’re still on track towards accomplishing all that you want in 2018. One…
Read MoreEveryone has their own negotiating style, but what does your own style of negotiating really reveal about you? In addition, what can someone else’s negotiating style reveal to you about them, too, and can their style give you some clues as to whether or not you’d even want to do business with them? Ideally, you…
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Having good financing available is a major supporting factor in maintaining solid commercial real estate values. Whenever our economy is recovering from an economic downturn, the increased ease with which borrowers can then obtain loans, when combined with being able to buy property with a lower down payment, helps to increase both the demand and…
Read MoreIn the years since The Great Recession, the economy has rebounded, and real estate has enjoyed a good recovery. However, buyers have been cooling their jets in many areas, and have become more hesitant to pay sellers their current asking prices when purchasing real estate, and this has many people wondering if we are either…
Read MoreOne mistake that property owners often make is not preparing their property for the market properly before they begin selling or leasing it. As an example, most of us, if we were going to be selling our own car to the general public, would have it washed, cleaned, and vacuumed inside, and some of us…
Read MoreWhen it’s time to begin moving forward on your next to the commercial real estate transaction, how do you know which broker will be the best one for you? You may be getting prospected by several or maybe even many brokers, but when it’s time to select the one to begin working with, what will…
Read MoreWith the New Year now being here, everyone would like to know what the future will hold for us within commercial real estate in 2018. But while we don’t have the crystal ball, commercial real estate industry news resource GlobeSt.com recently sat down and interviewed Situs RERC President Ken Riggs on what we can expect…
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