January 19, 2010
This question is not for owners that are out of money, have negative cash flow, can’t pay the bank, are facing foreclosure, have vacancy that is out of control, have terrible management in place, or have loans coming due and can’t pay down the debt to reset the loan to value ratio to today’s market [...]
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September 2, 2009
We recently sold the ugly baby in one of the worst markets in decades. We were contacted by the owner of a property who had worked with 2-3 other brokerage companies and had attained no success in selling the building. He complained that he’d been trying to sell, had been unable, and really wanted to retire having used the property for the past 30 years. He saw the property for what it was–the home of his 30 year business and a beauty of a deal for the next guy. And I’m afraid that his advisors, like Jerry and Elaine, were afraid to tell him the truth.
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