One of the hardest parts to selling commercial property is getting your property out on the market and seen by investors. Individuals and small business owners often find it hard to get the word out without spending enormous amounts of money. This article presents three ways to expose your property without shelling out lots of dough.

1) Put Up a Sign
Putting up a sign on your property is a good way to get local interest in your property. Many people are sometimes looking for property to move their businesses to but are not aware of the property around them and do not have the time to go looking. By placing a big visible sign on your property you can draw their attention and possibly get a lead. This technique is very effective if your property is located near a major road.

2) List Your Property Online For Free
There are many sites online that allow you to put your property online for free. One of the best free sites out there is www.CIMLS.com. This site allows you to list your property for free just by signing up for a free account. They have no restrictions on which listings can be searched as many of the other listing services have.

Many times listing properties on these types of sites can get you exposure quickly without paying a dime. The sites also provide more marketing and advertising options for a little more money. Sometimes it is worth putting a little money into some ads if it means the difference between not having to pay a commission or not.

3) Put Your Property in Free Real Estate Publications
Many cities have free local publications that include real estate in the area. Contact all these types of publications and see if they allow you to add your property information for free. Since most are looking for free content to add to their publications they are usually willing to work with you.

If all else fails you may need to contact a broker and work with them to get your property sold. Many sites provide information on property brokers in different area. For example, CIMLS has a “Find a Professional” directory with lots of brokers throughout the United States.

Finally, don’t get discouraged! It can sometimes take quite a while to sell your property depending on the area. Continue to put your information out in publications and websites and keep on it.

BIO: James Van Boxtel is the webmaster for CIMLS.com the leading free online commercial real estate multiple listing service. CIMLS serves 1000’s of real estate professionals daily.

search for : commercial property, small business owners, commercial real estate multiple listing service

bookmark this article to your choice of sites

It’s a new twist on an old strategy: Buy property from struggling companies, and then lease it back to them at a premium.

Jeff Hayden preys on smallish companies on the brink. Not because he’s a vulture investor seeking to turn around a struggling business. He just wants its real estate. And he wants it cheap, so he can then rent it back to the company for a juicy profit.

His strategy is a new twist on what’s known as a buy-to-leaseback - a deal that’s long been used by big companies such as Walgreens that want to get real estate off their books and raise cash. Plenty of investors are glad to have healthy, household-name companies like Walgreens as tenants, so they purchase their properties and then lease them back.

Looking for a condo in Atlantic Grove? Realtor® Caesar Parisi is ready to help you buy your dream property.
(more…)

search for : real estate, buy-to-leaseback

bookmark this article to your choice of sites

Zillow.com, a real estate valuation Web site, has been named in a complaint filed with the Federal Trade Commission by a consumer advocacy group, which charges the site’s home valuations mislead consumers, real estate professionals and lenders.

According to the National Community Reinvestment Coalition, an alliance of more than 600 community-based groups working to ensure equal access to credit services for underserved communities, Zillow knowingly provides inaccurate estimates in posting valuations on more than 67 million homes around the nation. “Zillow is placing the American dream of homeownership at risk for countless working families,” said NCRC president John Taylor. “For a company that represents to consumers that they are the ‘Kelley Blue Book of Homes,’ this is a very dangerous situation”

Looking for a condo in Atlantic Grove? Realtor® Caesar Parisi is ready to help you buy your dream property. (more…)

search for : Zillow.com, Federal Trade Commission

bookmark this article to your choice of sites

Fast-rising default rates and widely available market data have made it easy to become a real estate closer. Here are some essential tips for rookies.

Two years of interest rate hikes and flattening home prices have put the squeeze on homeowners who gorged on debt during the boom. Now they’re struggling to keep up with ballooning payments or, worse, losing their homes to creditors.

In September alone, more than 112,000 U.S. homes fell into foreclosure - a 63 percent jump from September 2005, according to RealtyTrac. (more…)

search for : real estate closer, homeowners, ballooning payments, creditors

bookmark this article to your choice of sites

As the housing market continues to cool, higher interest rates have increased the mortgage payments for homeowners who have adjustable rate loans, or ARMs, causing the number of them defaulting on their mortgages in default to rise. On The Early Show Thursday, money maven Ray Martin spelled out the problem, and offered advice to homeowners finding it harder and harder to make their mortgage payments:

According to Moody’s Economy.com, the percentage of mortgages with delinquent payments has risen nationally to 2.33 percent, the highest level since 2003. The metropolitan areas that saw the biggest increase in mortgage delinquencies include McAllen- Edinburg-Mission, Texas; Merced, Calif.; Fort Smith, Ark.-Okla.; and Las Vegas-Paradise, Nev. It’s expected that mortgage defaults — in which a borrower misses one or more payments on a loan — will increase when the economy weakens and job losses rise. Typically, higher job losses translate into a higher percentage of homeowners missing loan payments. At this time, the percentage of home loans in default at 2.33 percent is closer to the historical average. (more…)

search for : higher interest rates, mortgage payments, adjustable rate loans, ARM

bookmark this article to your choice of sites

With the residential single-family home market correcting itself and affordability for most prospective buyers on the decline, real estate consumers are putting their dreams of homeownership or a vacation home on hold, prompting the demand for rental property to rise. For builders, rising occupancy rates and monthly rents, and increased traffic at all classes of rental apartments are all signals that multifamily is hot and will be for some time to come.

“The fact real estate generates more wealth is and will always be accurate for one simple reason, real estate, or more accurately, land control is the basis of all wealth,” explained Michael Anderson, RealSource Principal, whose firm brokered $400 million in multifamily product through its debt and equity financing and broker referral programs. “If I were a builder, I’d give serious consideration to adding or increasing a multifamily product line as the rush to convert rental condo units to for-sale properties, coupled with a number of market factors, has left a demand vacuum for rental housing.”

Real estate agent Caesar Parisi stands ready with effective advice on buying or selling Boca Raton FL condos. (more…)

search for : residential single-family home market, real estate, ental property

bookmark this article to your choice of sites