I’m proud to say that after a short respite, I am once again producing my Commercial Articles in this real estate section. My “take” then, and my “take” now, on the Commercial Real Estate market in our region is a subject I look forward to continuing to share and explore with you, the readers of our hometown newspaper, The Record Bee.
I plan on continuing to bring you, ideas, perspectives, insights – and the benefit of my years of experience as a Professional Commercial Realtor. I will focus on information that can assist you in buying, selling, maintaining and enjoying the Commercial Real Estate wealth that our beautiful County of Lake provides.
For some of you, managing in the realm of Real Estate may be old hat. For others it may be downright intimidating. Either way, because the market is always in flux, there is always something new to learn, shifting trends to monitor and important developments to know about. Your feedback over the last four years has been vital to my subject matter and I encourage you to continue letting me know what you think and what you would like more information on.
Among my goals, with the articles I will be bringing to you, is my hope to open up and expand understanding of our local Commercial Real Estate market by addressing some of the key elements that make it your worthwhile consideration.
Whether you are an investor, a business property owner, a developer or a speculator, information and circumstances are always in flux. One of my personal disciplines is to stay current and get ahead of the curve as our County moves forward into more and more sophisticated development concerns.
Our neighbors are growing, too, and they will continue to present healthy competition! It is important to educate ourselves sufficiently, regarding that competition, for several reasons. Neighbors do better with compatibility than with hasty choices that might prove problematic in the long run. Our beautiful County borders other beautiful regions, providing even more reasons to know what we want and strategize how to accomplish it.
My column will continue to look at many important factors that directly impact our Commercial Real Estate potential. We will explore that all-important issue of curb appeal from the standpoints of investor, owner operator and prospective buyer. I will be offering some insights on how to determine your property’s value in the current marketplace, and how to make good assessments of comparable markets.
How is your market “value” impacted by whether or not your property is occupied? We will take a hard look at that. How is your sale potential affected by emotions? There may be a huge difference between what you want to get for your property, and what it’s actually worth in the current, real marketplace. We’ll talk about it!
Every commercial real estate situation is unique. The dynamics that drive a clean sale vary with the venue, the geography, the immediate demographics and all the other specifics that become the profile for the property in focus.
Envisioning and understanding the big picture for a region in transition provides needed insights for the appropriate Commercial Real Estate actions. It is an exciting time for our County’s future, and it involves all of us!
Watch for my future columns every second and fourth Saturday in the Bee, and together we will continue to creatively explore the nuts and bolts of our Lake County commercial real estate market potential. And send me your email address so I can notify you of new commercial listing in Lake County.
Jim Magliulo is the leading Commercial Real Estate Agent in Lake County. He has been Sales Agent of the Year for 5 years and holds the Lake County record for the highest total sales volume in one year for a non-broker agent. He can be reached at County Air Commercial at 707-263-5729, at jim@countryair.com, or at www.CountryAirCommercial.com Send Jim your email address if you would like to be notified of new commercial listing in Lake County.
