Whew!! 2007 – “That Was The Year That Was”. That statement, the modified title of a 1970’s TV series, poignantly describes our past year in the world of Commercial Real Estate. We saw a lot: frenzied buying, unbelievably low cap rates, non-recourse money, a lot of mezz debt and equity, 100% financing and THEN almost…
In the late seventies, General Motors introduced a revolutionary electric vehicle designed to address high oil prices and long gas lines. Unfortunately, battery system problems prompted GM to abruptly scrap the program. GM bought back vehicles from customers, cleared dealer lots and ran the fleet through the crusher. Thus ended the immediate promise of alternative…
Fickling & Company’s Multifamily Division had an outstanding 2007. Total Revenue increased by an average of 9% over 2006 operating results. Overall occupancy increased by an average of 5%. Our success was largely due to hiring and training highly professional and knowledgeable employees, effectively raising rents as availability dictated, closely monitoring expenses, maintaining a strong…
Top 5 Reasons You Shouldn’t List Your Home As A FSBO (For Sale By Owner) As home prices continue to rise, a lack of inventory remains a crucial challenge in today’s market which has some homeowners trying to sell their homes on their own. 1) Exposure to Prospective Buyers A whopping 95% of buyers utilize online…
A Short Sale occurs when a bank allows an owner to sell property at a price that is less than the owner owes the bank. In other words, the sales price is “short” of what is owed. This creates what is called a deficiency balance. That is, even though the property has been sold to…
During 2007, the warehouse/industrial market was very active as well as the other commercial categories. The 2008 commercial real estate market, as other service categories, will be difficult to predict. There are just two many unstable variables that could swing it in either direction. In 2007, the Bibb County industrial market remained basically unchanged from…
Owning a home offers numerous advantages over renting, making it a desirable goal for many. Here are several key benefits: Financial Benefits Equity Building: One of the most significant financial advantages of owning a home is the ability to build equity. As you make mortgage payments, you increase your ownership stake in the property. This…
As predicted, the Bibb County Industrial Market experienced a substantial vacancy increase in 2006 with the 2.2 million square foot Brown & Williamson Plant officially being added to the existing vacancy inventory of more than 2 million square feet of space. Total Industrial space in the Bibb County market increased to 16 million square feet in…
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…
It may be hard to believe, but the back-to-school season is right around the corner. As summer wraps up, now is the perfect time to get your home organized and ready for a fresh start. A well-prepped space can ease the transition and set your whole family up for a successful school year. Here are…
