Come to Us for Central Massachusetts Commercial Real Estate
Wow! For anyone that enjoys riding a roller coaster, this is a fantastic ride. The news one day is up, the next day down. Unemployemnt drops below 10% to 9.7% and we hit a high. Then we read about foreclosures and we go into a dip. How do I get off this ride?
The best view I've heard is to look carefully, act carefully and follow good business sense.
We all know that prices rose too high a couple of years ago. Anyone with a sense of history could anticpate we'd have a correction. Now we're in that correction. Have we bottomed out yet seems to be the question.
Well, here's the problem. We'll never know when we've hit bottom until about two quarters beyond that time. By then, prices will have gone up again, rates will have increased and deals will become more scarce. So, the safe way is to follow the herd and wait until all the problems have been corrected.
How about another view?
Consider your goals, look for value in the current market and make a decision based on the current factors.
If you're a buyer you can see that many sellers have adjusted to the reality of the current market and adjusted their asking prices. If sales prices have been reduced, so have lease rates - important to the investor. Calculate your potential return in the current market factoring in an appropirate amount for vacancy. Try the calculation tool below as a sample to see how that investment you might be considering will work.
We'll be glad to help. Call me and I'll ask one of our prefessionals to get the information that will help you decide if today is the right time to make an investment. It just might be the best time.
This article submitted by Robert L. Yale, CCIM
Sperry Van Ness/ComVest Realty
bobyale@svn.com
508-351-7079
Central Massachusetts Commercial Real Estate