Archive for the ‘Real Estate’ Category

According to Real Capital Analytics report that not only has commercial real estate plateaued, but it has been on the decline. They reported that distressed commercial real estate in the nation is down from$ 191.5 billion in October, 2010, down to $175.3 billion currently. This, according to Real Capital Analytics, is the lowest rate since June of 2010. Read More…

The majority of communications and negotiations in a real estate transaction are now distributed through emails. So, what exactly is considered binding? Read More…

According to Jim Helsel, 2010 NAR Treasurer, commercial real estate sales are on the rise. Third quarter sales are up 30% over second quarter 2010, and have steadily risen since the first quarter 2009. Helsel expects that by the end of Read More…

While commercial real estate has its struggles Nation Wide, and in St. George, Utah, some economists predict that the market could see signs of steady improvements, particularly in commercial lending.

At a recent Commercial Real Estate Business trends Form at the 2010 REALTORS Conference & Expo, Chief Economist for the NAR, Lawrence Yun said Read More…

When does it make sense for a bank to sell a loan, or to hold and manage it?

As many commercial buildings are in default, banks are faced with the decision of whether to hold or sell specific loans. Generally, banks take a look at the Net Present Value of the building. They estimate what the property is worth in today’s market, the cost that it will take to stabilize, and then manage the asset. They then compare that to the cost and time associated with the foreclosure process (which in some cases may take over a year). Most times, it makes more sense to sell the loan as opposed to holding onto the property as a lender.

For a full list of foreclosure, distressed, bank owned properties in St, George and Southern Utah, contact Brandon Vandermyde (435) 627-5735