Unfortunately, there are too many people who do not think about their real estate investment in these terms and are essentially answering yes! For some unknown reason many people are much too casual when it comes time to sell their real estate investment, when if fact, most people look to the equity they have in their homes to pay for important things like major home improvements and educational expenses while they own their home. It turns out, the woman I used in the example above ended up calling me in a panic after her property sat on the market for six months, overpriced by almost 10%.Actually, youe buying “shares” of a corporation that owns the building which contains the co-op on its land. Also keep in mind that, just like any other company, a co-op has officers such as a president, a vice-president and a treasurer. And just like any other company theye responsible for the well being of the coop. When you work with a commercial real estate agent, they usually have a good grasp on local land values and can help you make good decisions based upon this information. This saves you having to do a great deal of research on your own to find out the same information. Access to City OfficialsIf you have been working in the commercial real estate field long, you know that there are many times in this line of work when you have to deal with various city officials. Real estate has multimillion-dollar potential and its just not realistic to expect that you can realize that potential after reading a book or taking one weekend seminar.”Whitney says that while there is no national real estate bubble, we may see some changes in local markets ranging from a slow-down in the rate of valuation increases to some slight declines in value. A savvy real estate investor who understands that and is prepared for it will be able to survive and even profit during the down cycle.

Source: Simarc
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