The Business of Real Estate

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Services for Real Estate Pros - teardowns.com
The face of teardowns.com, The Marketplace for Redevelopment Real Estate; teardowns, rehabs and new infill construction. When the Value is in the Land
RECENT BLOG POSTS
The multiple offer is back. So, where are these multiple offers concentrated, why are they happening and who’s doing the buying? From what we read and experience ourselves, the properties that are garnering this kind of high-level demand are being bought in mostly higher-end communities, they are...
05/18/2012
We often hear that businesses that pioneer a new business model or innovate an existing one rarely benefit greatly from their ventures.  Why?  IMO, it’s really about the cost of education – it’s expensive to teach something whose value is unknown – at least to the prospective buyer.  The second ...
05/07/2012
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Whoa.......the last couple of months have been a whirlwind of activity.  Yes, multiple offers, sales above list price, all the stuff that makes for a good market and business.But wait a minute, is it just in our local office or is something changing as fast as it started?  Sure, we still have int...
05/02/2012
2012 Buyer Preferences Award Winners.First place  - new constructionSecond place - total renovation of something oldThird place - partial renovation of something oldThe judges
04/26/2012
Back in the day, we picked up the phone and farmed for new business.  New and existing customers were "pitched" on the phone - sales were closed during a conversation.Getting to the decision makers - we'll that was a process; befriend the assistant or secretary, get lucky and maybe get through - ...
04/23/2012
Is commission as compensation a conflict of interest so large that it’s almost unnatural to be totally fair, honest and just with our customers and clients? We know Wall Street took on this issue many years ago.The “churn and burn” mentality was addressed and replaced with a fee as a percentage o...
04/18/2012
It can be argued that a minimum of 1 out of every 5 transactions in the U.S. involves a teardown or real estate whose “value is in the land” with no premium being paid for the structure that sits on the property. The number of foreclosed homes that have deteriorated beyond repair continues to inc...
04/09/2012
With all the new products and services being marketed to agents these days it’s often hard to tell what the heck the seller is actually selling.  Is the product designed to help me do more business?  Do business faster, cheaper, more elegantly……….what? Given that things are moving so fast in the ...
04/03/2012
We're using "your builder" in quotes because in the markets we cover as brokers most builders have a specific agent that they rely on for the purchases and sales of their projects.  It's also not uncommon for the builder's agent to be a major contributor for finding prospective clients for "their...
03/28/2012
There is a big difference.  Selling a traditional home is often very difficult.  Fix-ups, touch-ups, replacements, staging etc. - a tough job. Buying and selling real estate when the value is in the land - much different.  The home is being sold "as-is", the buyers have an interest in the propert...
03/26/2012
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Brian Hickey

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