Take a pre-emptive approach to the health of your real estate strategy with a yearly checkup.
Last year, we reached out to you around this time to weigh in on how changes in our economy and the local commercial property market could play into or work against your current investment strategy.
While it doesn’t seem possible, here we are again, another year gone by, wondering why time seems to move faster every year.
Last December, the country was still hyper-focused on what may go down as one of the biggest political upsets in American history, the election of Donald Trump as President of the United States. Those who love him and those who loathe him were just as surprised by the outcome of the election.
His first year in office has been tumultuous to say the least, but at the end of the day, Mr. Trump has no legislative victories to celebrate and his administration has been under siege from opposing political forces and many in the media.
Despite his public missteps, internal turmoil and outright gaffes, economic growth has accelerated, unemployment has declined to the lowest level since the 1960’s and the equities markets continue an unprecedented bull run. No matter how much we try to make sense of it all, we fall short, but it seems to us that it’s more about expectations than actual results. At the moment, tax reform is front and center and the path to actual legislation is going to get bumpy in the coming weeks.
The outcome is far from predictable at this point, but no matter what happens, we think it’s more important than ever to adopt a proactive portfolio strategy.
When it comes to our physical health, the value of a pre-emptive strategy is clear. That’s why regular checkups are recommended even when we show no symptoms of ill health. Regular visits to our doctor give 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.
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 and best use by helping you keep and maintain a thorough and real-time understanding of market conditions. Like your doctor, we have our own specialized knowledge, experience, resources and tools to assist you in that effort, whether or not a need for action is at hand.
So, with all this in mind, we recommend another real estate “checkup” to make sure that your present real estate strategy remains in alignment with current and anticipated market dynamics. 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 time works best for you, and we’ll be there.