The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
Why are economists predicting that the economy will started coming back in the latter half of this year? Because, as I explain below, that’s when the cuts in interest rates and the fiscal stimuli will take hold and be reflected in our measurements of how the economy fares. I am already seeing a loosing up…
In 2008, the average occupancy for Central Georgia was 89.5%, a 1% improvement over the prior year’s results. The markets experiencing the greatest increase in 2008 over 2007 were East Macon at 5%, Milledgeville at 5.5% and Warner Robins at 2%. The markets experiencing the greatest year-over-year downturn were Downtown Macon at 3% and North…
It’s that time of the year when the real estate community is busy wrapping up loose ends, dotting the I’s and crossing the T’s in an effort to get those last deals finalized and closed before year end. As we move to the close of 2006 it behooves us to reflect on the factors that…
Buy or sell? List my property or keep it off the market until the market turns around? Engage the expertise of a seasoned commercial real estate broker or try to handle myself? These are all questions commercial real estate investors are faced with on a daily basis. One thing I think we are all keenly…
Placing a good tenant in your Macon rental property is important to the success of your investment. You want to avoid the stress and expense that comes with bad tenants by placing tenants who will pay rent on time, take care of your home, and follow the terms of your lease agreement. When you’re looking…
Buying a home is one of the biggest financial and emotional decisions you’ll ever make. But how do you really know if you’re ready? It’s more than just browsing listings and imagining your dream kitchen—being prepared to buy a home means being financially, emotionally, and practically ready for the responsibility. 1. Your Finances Are in…
Fickling & Company’s Epps Named to Leading Real Estate Companies of the World® Marketing and Technology Advisory Council Macon, GA – 28th February 2018 – Josh Epps, Chief Information Officer & Vice President of Fickling & Company in Macon, Georgia, has been elected to the Leading Real Estate Companies of the World® Marketing and Technology…
Bank Owned . . . sound familiar? In today’s world of commercial real estate, most of us are now all too familiar with such terms as “REO” (Real Estate Owned) or “OREO” (Other Real Estate Owned) or “CREO” (Commercial Real Estate Owned). It is far more normal in the current market to see bank owned…
2008 in Warner Robins and Houston County was an interesting year. Warner Robins was singled out and named “The Best Place to Raise a Family in Georgia” by Business Week Magazine. Shortly thereafter the announcement came that Warner Robins was chosen as the Southeastern Headquarters for the National Little League Association. Houston County Board of…
