Have you gotten your annual property investment checkup yet? Buying and selling aren’t the only times you should speak with a commercial real estate advisor.
Well, here we are again, about to close out another challenging year.
The US economy is sending mixed signals while the rest of the world struggles to keep growth above the zero bound.
Central banks are practicing the dark art of negative interest rates and populist movements around the globe are threatening to upset the political apple cart. That trend is no more evident than here at home, as Donald Trump shocked us all with a stunning victory over Hillary Clinton.
In previous posts, we have discussed these and many other global issues and their potential impact on the regional commercial property market. We will continue to do so, but we pause briefly with something different in mind as the holiday season approaches.
When it comes to our physical health, the value of a pre-emptive or strategy is difficult to refute.
That’s why regular checkups are recommended even when we show no symptoms of ill health.
By checking in with our doctor every year, it gives us a chance to catch changes in our health early and make necessary shifts in our behavior or medical regimen to reduce the chance for serious problems down the road. By catching a problem before it becomes a serious threat, our doctor helps us enjoy a higher quality of life, secure in the knowledge that we are doing what can be done at all times.
We see ourselves in that same role when it comes to all things real estate.
While it is generally believed that a real estate broker’s job is to locate assets and negotiate for their acquisition or disposition once a requirement has been identified, we see our role much differently.
We believe that our knowledge, skill and experience is put to its highest use by helping you keep and maintain a thorough and real-time understanding of conditions as they unfold. Like your medical doctor, we have our own suite of resources and analytical tools to assist you, whether or not a need for action is at hand.
So, with all this in mind, we recommend a real estate “checkup” as an effective means of assuring that your present real estate strategy is optimized relative to current market dynamics.
Over the past year, conditions on the ground have become more challenging for a variety of reasons. Looking ahead, we see more changes in the works, some that may have significant impact on your real estate strategy.
We would welcome the opportunity to share our perspectives with you and to learn more about how we can assist you in the years ahead. Just give us a call to let us know what day and time works best for you, and we’ll be there.