Sunday, August 22, 2010

Can a real estate company put up for sale signs on leased commercial land?

I work for a corporation that leases part of the land where our store is. The guy that owns the land wants to sell it and is basically trying to force us to buy it. He has went through a local realty company and they are putting up for sale ';real estate only'; signs. I am thinking about going out and taking them down because it takes away from out business. It could also lead people to believe that we are going out of business. To sum it up... We are a corporation, this is commercial property and the lease won't be up for about a year. Any advice?Can a real estate company put up for sale signs on leased commercial land?
There is nothing you can do if you don't own the property other than check your lease and see if there are any provisions that allow you to control the signage on your leased property.





You can always put up signs letting people know you are open for business..Can a real estate company put up for sale signs on leased commercial land?
You are leasing , Not the owner . . .


So issues regarding posting should be in the lease .


Are the protocols for postings defined there ?


If there is nothing restricting postings , the owners can post as they want to .





If this was not pre-defined , consider it as a notice of what is coming down the turnpike .


He can sell and when the lease is up , the new owner may have his own plans for that location .





Start shopping for new space or consider buying .


In the mean time , post a large sign with your business name saying OPEN for Business .


And in smaller type , Possibly Relocating .





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Sure he can, just because you lease it does not mean the owner can't sell it.
Yes, the Landlord can put a sign in front of your building. However, if he/she is a prudent landlord they should want to maintain good relations with you, the tenant. I would address your concerns with your Landlord. There are a number of other ways commercial realtors can market the property without putting a sign in front of your store. I am a commercial broker and never put a for sale sign up in front of the property. However, you may want to consider purchasing the land if you want to lock in your rental rates for the future and give your store a chance to expand. Good Luck!
The leases go with the sale but it is a pain that they have taken this stance. I would haul your lease out and see if there is a clause that addresses this possibility. It may actually speak to them selling it and that would give you some clout. Also see the link for future reference.

What are cheap and effective ways to advertise my home for sale?

I got a few responses from craigslist but I don't have much money.What are cheap and effective ways to advertise my home for sale?
Put a notice board outside your home. Most of the home seekers will look at that and contact you.What are cheap and effective ways to advertise my home for sale?
http://www.craigslist.org is free and great. Provide a picture if you can.





http://www.tbirdsonline.com
another place like craigslist is





http://blurbpage.com
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  • How much are does it cost to sell your home for sale by owner?

    Hello...I was wondering if anyone knew once all is said and done on average how much the lawyer fees usually are for a $200,000 home if you sell it for sale by owner? I understand there will be costs for our advertising, and we did buy our home going through for sale by owner but we don't recall what the costs were to the seller? Thanks for your time and any info is appreciated. If it makes a difference we reside in PA. ThanksHow much are does it cost to sell your home for sale by owner?
    Same as selling through a Realtor minus the Realtors commission. Lawyers in my area charge a flat rate plus extra charges if there are complications. They do not charge based on the value of the property. It may be different in your area.


    Good for you selling privately. You can save enough to pay the lawyer and still have lots left over to apply to your next property. Most people do not realize that you do not need a Realtor. If your in a hot market I always advise to sell privately. Who needs a Realtor when there are people already banging on your door.How much are does it cost to sell your home for sale by owner?
    The Buy My Place website is a good tool that provides great for sale by owner tips and information. It allows you to sell your house online without spending a fortune on real estate agent fees.





    www.buymyplace.com.au

    Report Abuse



    HouseSell.com.au is the cheapest and best way to sell your own home. It's free, quick and simple. There is no advertising or business model.





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    I bought my house for sale by owner and it didnt cost us or the sellers anything, but the normal closing costs. My Mortgage broker took care of all the paper work and contracts. It was really easy.
    agreement negotiated amount...7% usually
    The FSBO book or website tells you that. This can be a major pain though.
    if you don't know exactly what you're doing it could cost very dearly
    If you have time to do most (not all) of the following 184 steps that a professional real estate professional does then you are in good shape to do it on you own! Just remember to be available to buyers 7 days a week from 9 a.m. to 9 p.m.





    1. Make appointment with seller for listing presentation.


    2. Send seller a written or e-mail confirmation of listing appointment and call to confirm.


    3. Review pre-appointment questions.


    4. Research all comparable currently listed properties.


    5. Research sales activity for past 18 months from MLS and public records databases.


    6. Research “Average Days on Market” for this property of this type, price range and location.


    7. Download and review property tax roll information.


    8. Prepare “Comparable Market Analysis” (CMA) to establish fair market value.


    9. Obtain copy of subdivision plat/complex lay-out.


    10. Research property’s ownership and deed type.


    11. Research property’s public record information for lot size and dimensions.


    12. Research and verify legal description.


    13. Research property’s land use coding and deed restrictions.


    14. Research property’s current use and zoning.


    15. Verify legal names of owner(s) in county’s public property records.


    16. Prepare listing presentation package with above materials and HomeTrack™ information.


    17. Perform exterior “Curb Appeal Assessment” of subject property.


    18. Compile and assemble formal file on property.


    19. Confirm current public schools and explain impact of schools on market value.


    20. Review listing appointment checklist to ensure that all steps and actions have been completed.


    Listing Appointment Presentation


    21. Give seller an overview of current market conditions and projections.


    22. Review agent’s and company’s credentials and accomplishments in the market.


    23. Present company’s profile and position or “niche” in the marketplace.


    24. Present CMA results to seller, including comparables, solds, current listings and expireds.


    25. Offer pricing strategy based on professional judgment and interpretation of current market


    conditions.


    26. Discuss goals with seller to market effectively.


    27. Explain market power and benefits of Multiple Listing Service.


    28. Explain market power of HomeTrack™, IDX, and Realtor.com.


    29. Explain the work the brokerage and agent do “behind the scenes” and agent’s availability on


    weekends.


    30. Explain agent’s role in taking calls to screen for qualified buyers and protect seller from curiosity


    seekers.


    31. Present and discuss strategic master marketing plan.


    32. Explain different agency relationships and determine seller’s preference.


    33. Review and explain all clauses in Listing Contract and Addendum and obtain seller’s signature.


    Once Property is Under Listing Agreement


    34. Review current title information.


    35. Measure overall and heated square footage.


    36. Measure interior room sizes.


    37. Confirm lot size via owner’s copy of certified survey, if available.


    38. Note any and all unrecorded property lines, agreements, easements.


    39. Obtain house plans, if applicable and available.


    40. Review house plans and make copy.


    41. Order plat map for retention in property’s listing file.


    42. Prepare showing instructions for buyers’ agents and agree on showing time window with seller.


    43. Obtain current mortgage loan(s) information: companies and loan account numbers.


    44. Verify current loan information with lender(s).


    45. Check assumability of loan(s) and any special requirements.


    46. Discuss possible buyer financing alternatives and options with seller.


    47. Review current appraisal, if available.


    48. Identify Home Owner Association manager, if applicable.


    49. Verify Home Owner Association fees with manager: mandatory or optional and current annual fee .


    50. Order copy of Homeowner Association bylaws, if applicable.


    51. Research electricity availability and supplier’s name and phone number.


    52. Calculate average utility usage from last 12 months of bills.


    53. Research and verify city sewer/septic tank system.


    54. Water system: calculate average water fees or rates from last 12 months of bills.


    55. Well water: confirm well status, depth and output from well report.


    56. Natural gas: research/verify availability and supplier’s name and phone number.


    57. Verify security system, current term of service and whether owned or leased.


    58. Verify if seller has transferable Termite Bond.


    59. Ascertain need for lead-based paint disclosure.


    60. Prepare detailed list of property amenities and assess market impact.


    61. Prepare detailed list of property’s “Inclusions and Conveyances with Sale.”


    62. Compile list of completed repairs and maintenance items.


    63. Send “Vacancy Checklist” to seller if property is vacant.


    64. Explain benefits of home owner warranty to seller.


    65. Assist sellers with completion and submission of home owner warranty application.


    66. When received, place home owner warranty in property file for conveyance at time of sale.


    67. Have extra key made for lockbox.


    68. Verify if property has rental units involved. And, if so:


    69. make copies of all leases for retention in listing file.


    70. verify all rents and deposits.


    71. inform tenants of listing and discuss how showings will be handled.


    72. Arrange for installation of yard sign.


    73. Assist seller with completion of Seller’s Disclosure form.


    74. “New Listing Checklist” completed.


    75. Review results of curb appeal assessment with seller and provide suggestions to improve salability.


    76. Review results of interior décor assessment and suggest changes to shorten time on market.


    77. Assign HomeTrack™ login and password for sellers to check progress.


    Entering Property in Multiple Listing Service Database


    78. Prepare MLS Profile Sheet — agent is responsible for “quality control” and accuracy of listing data.


    79. Enter property data from profile sheet into MLS listing database.


    80. Proofread MLS database listing for accuracy, including proper placement in mapping function.


    81. Add property to company’s active listings list.


    82. Provide seller with signed copies of Listing Agreement and MLS Profile Sheet Data Form within 48


    hours.


    83. Take additional photos for upload into MLS and use in flyers. Discuss efficacy of panoramic


    photography.


    Marketing the Listing


    84. Create print and Internet ads with seller’s input.


    85. Coordinate showings with owners, tenants, and other Realtors®. Return all calls, weekends


    included.


    86. Install electronic lock box if authorized by owner and program with agreed-upon showing time


    windows.


    87. Prepare mailing and contact list.


    88. Generate mail-merge letters to contact list.


    89. Order “Just Listed” labels and reports.


    90. Prepare flyers and feedback faxes.


    91. Review comparable MLS listings regularly to ensure property remains competitive in price, terms,


    conditions and availability.


    92. Prepare property marketing brochure for seller’s review.


    93. Arrange for printing or copying of supply of marketing brochures or fliers.


    94. Place marketing brochures in all company agent mail boxes.


    95. Upload listing to company and agent Internet site, if applicable.


    96. Mail Out “Just Listed” notice to all neighborhood residents.


    97. Advise network referral program of listing.


    98. Provide marketing data to buyers coming through international relocation networks.


    99. Provide marketing data to buyers coming from referral network.


    100. Provide “Special Feature” cards for marketing, if applicable.


    101. Submit ads to company's participating Internet real estate sites.


    102. Price changes conveyed promptly to all Internet groups.


    103. Reprint/supply brochures promptly, as needed.


    104. Loan information reviewed and updated in MLS as required.


    105. Feedback e-mails/faxes sent to buyers’ agents after showings.


    106. Review weekly Market Study.


    107. Discuss feedback from showing agents with seller to determine if changes will accelerate the sale.


    108. Place regular weekly update calls to seller to discuss marketing and pricing.


    109. Promptly enter price changes in MLS listing database.


    The Offer and Contract


    110. Receive and review all offer to purchase contracts submitted by buyers or buyers' agents.


    111. Evaluate offer(s) and prepare a “net sheet” on each for the owner for comparison purposes.


    112. Counsel seller on offers. Explain merits and weakness of each component of each offer.


    113. Contact buyers’ agents to review buyer’s qualifications and discuss offer.


    114. Fax/deliver Seller’s Disclosure to buyer’s agent or buyer upon request and prior to offer if possible.


    115. Confirm buyer is pre-qualified by calling loan officer.


    116. Obtain pre-qualification letter on buyer from loan officer.


    117. Negotiate all offers on seller’s behalf, setting time limit for loan approval and closing date.


    118. Prepare and convey any counteroffers, acceptance or amendments to buyer’s agent.


    119. Fax copies of contract and all addendums to closing attorney or title company.


    120. When an Offer to Purchase Contract is accepted and signed by seller, deliver signed offer to buyer’s


    agent.


    121. Record and promptly deposit buyer’s earnest money in escrow account.


    122. Disseminate “Under-Contract Showing Restrictions” as seller requests.


    123. Deliver copies of fully signed Offer to Purchase Contract to seller.


    124. Fax/deliver copies of Offer to Purchase Contract to selling agent.


    125. Fax copies of Offer to Purchase Contract to lender.


    126. Provide copies of signed Offer to Purchase Contract for office file.


    127. Advise seller in handling additional offers to purchase submitted between contract and closing.


    128. Change status in MLS to “Sale Pending.”


    129. Update HomeTrack™ to show “Sale Pending.”


    130. Review buyer’s credit report results — advise seller of worst and best case scenar

    What kind of pictures do I include in a horse for sale ad?

    The dressage community should particularily be drawn to it since that is his specialty. I was thinking some action shots, a head shot and a body shot but then that all seems like way too much. Also how long and how in depth should the text be?


    Thanks!What kind of pictures do I include in a horse for sale ad?
    At least a conformation/body shot of him just standing there, side on. Pics of him in action under saddle and maybe a head shot. Maybe even you could include a video link (and upload something to youtube of him in action).


    Text should basically be all the info you want people to know. I know from looking at ads online some people only write one paragraph, some write like 4 paragraphs. The more detailed the better.


    Should include (if these things don't apply then don't include them), name, age, breed, colour, sex, height, how long he's been broken, how long dressage training, what he's learnt (can he do lateral and all that), stuff that he's learning at the moment, good to shoe/float/catch, never bucked, reared, bitten, for intermediate rider (or whatever), would suit dressage (and Adult Riding Club, showing, hacking, or whatever), sound, good conformation, vet check welcome, email and contact details, contact for more photos/info.


    Basically everything you want people to know (what you're comfortable with), don't worry about being too detailed, I know personally I'm more interested in the more detailed ads, if they're too brief then it doesn't really tell you much about the horse.What kind of pictures do I include in a horse for sale ad?
    Confirmation shot and a few action shots. Have some shots of him riding, preferably in a show, if possible. I will look more at a horse under saddle than one at liberty - being under saddle shows the horse really is broke to ride.





    The confirmation shot is important to show how nice the horse looks and how well it will fit into the sport intended.
    the text should be long enough to convince people that he's worth buying but not too long that they get bored and think you're desperate. for the picture, i would suggest a conformation pic of the horse of one side, and extras would be an action shot and a conformation shot w/ tack on.
    HAve shots of him riding. We are in the market and my mom will not buy a horse if no one is riding it. Action shots are good , it shows how your horse moves. The text should be pretty in depth but, not so much it bores the reader. Good Luck and I Hope your horse finds a nice ,healthy home.
    A conformation shot and some action shots. This link is amazing and really funny. Found it on FHOTD. It basically highlights everything you should NOT do when you sell your horse. Good luck!





    http://www.ultimatehorsesite.com/fun/jok鈥?/a>
    i'd start out for one add to put up one side shot photo of the horse, and if there's room a head/head photo. then put in you have more photos and anyone intersted should email you for them.


    but that's just what i'd do. good luck
    I think a head shot a full body shot (from the side) would be a good idea.


    Put as many pictures as you want!


    People would see all the good things about it and may be quicker to buy. ;D
    You should include as many pics as u can do because the people will get a better idea if they want 2 bye him!!!!!





    And in my opinion all pics of horses and ponies are cute and gorgeous!!!!!


    LOL

    What steps should I take to put my house up for sale without using a realtor?

    I want to sell my house this spring so I need to know what I should do and any advice you could give me! Thanks!What steps should I take to put my house up for sale without using a realtor?
    I list them in the local pennysaver. Put a FSBO sign in your yard. You will have to weed through the people to find someone with good credit. You will need a Mortgage Broker to have the people qualified. Mortgage Brokers charge about 1/2 of what a realtor does. Unless you find one that charges less.


    People buying homes do not have and idea about what to do as much as you do not for selling one. You might be better off using a realtor. It is a lot easier.


    If you have no cash in the home for a realtor. Find your local Real Estate Investment group. Many times there is someone there that will take over the mortgage and rent your house as a Rent-To-Own. They will find the buyer that will qualify in 1 year to buy the house outright. You will be able to show that the mortgage is paid by someone else leaving you open to buy a new home. It is a win, win for everyone. The person buying with poor credit and yourself. You could list it as a Rent-To-Own yourself but then you will have to deal with the buyers. Let someone that is experienced do it.What steps should I take to put my house up for sale without using a realtor?
    There are numerous websites out there where you can list your house, do a simple web search to find them.


    If you're looking for something free, try http://www.cytadia.com .


    You can use it to post your house to multiple sites, and thus it will have more visibility !
    try 4thishouse.com...they have a great program there that can help you advertise your propertiy.
    try mister lister


    mrlisterrealty.com/





    have open house sheets ready for your potential buyers. They will show payment scenarios based on your sales price. We will be happy to help get you those, http://www.choicefinance.net/tools/pre-a鈥?/a>
    Do yahoo and google web searches for ';fsbo real estate';, and you will get a list of web sites that are dedicated to people who want to sell their homes with realtors.





    (FSBO = For Sale By Owner)

    What are some things to buy at the swap meet for sale on ebay?

    I'd like to know some really good items that you have bought for cheap and sold for a lot on ebay. Thanks.What are some things to buy at the swap meet for sale on ebay?
    Hi 鈥?I am an established seller on eBay. eBay has been my full time job for 4 years, and I have sold over 12,000 items. Here are some examples of what I have found, and how much the items sold for on eBay.





    1) George Forman grill new in box , $5, sold for $30


    2) Hooked on Phonics set, excellent used condition, $5, sold for $68


    3) Lizard skin cowboy boots, paid $5 sold for $98


    4) Oscar de la Renta wool blazer new with tag, $5, sold for $52


    5) Oreck floor cleaner, paid $20 sold for $331


    6) Dr. Martens shoes, gently worn, $3, sold for $47


    7) Bose Radio - paid $20 sold for $305


    8) Men's Nike Shox shoes, gently worn, $3, sold for $46


    9) Designer tennis warm up suit, paid $8 sold for $131


    10) Burberrys blazer, paid $6 sold for $98





    Look for items new in the package or new in the box. Look for gently used designer apparel and shoes. So, you can see that garage sales are a great venue for finding items to sell. If you plan ahead, you can get a lot accomplished in one day.





    Here are some more items if you want the complete list of items I have sold over my 4 year career with eBay:





    http://www.ebaysellingcoach.com/powersel鈥?/a>





    Please email me directly if I can help you further.





    Regards-





    suzanne@ebaysellingcoach.comWhat are some things to buy at the swap meet for sale on ebay?
    Items from Dallas Wholesalers for ladies handbags, totes etc. Totes start at $2.90 and very good quality. Website www.dallaswholesalers.net

    How do you place a value on a small company for sale?

    I'm probably selling a company I set up about 4 years ago. I want a fair but not unreasonable price for it. How should I value the business. It has an established client base, with 90% of the business being repeat business from about 10 clients. The company has a reasonably good reputation, three or four key and committed staff and being a service industry has few hard assetts (none really worth costing). The company turns over about $350,000 a year and is growing. Our receivables are usually paid within 15 days. We do have a few techniques and some software which we've developed ourselves, which a buyer might benefit from. We're in frieght and use a lot of subcontractors.How do you place a value on a small company for sale?
    There are a number of techniques that estimate the value of a company. From the article ';Determining the Price of a Small Business'; http://www.powerhomebiz.com/vol41/price.鈥?/a> here are some of the techniques:





    1. Multiplier or market valuation. This method calculates the value of a business by using an ';industry average'; sales figure as a multiplier.





    2. Asset Valuation. Some businesses are worth no more than the value of their tangible assets. If a company is asset-intensive, such as retail businesses and manufacturing companies, you can use the asset valuation method.





    3. Capitalized Earnings. This method of valuation is suitable for service companies and other non-asset intensive businesses. This method places no value on fixed assets such as equipment, and takes into account a greater number of intangibles.





    4. Intangible Value. Some businesses, particularly those that are not asset-intensive, may be harder to quantify.





    5. Owner benefit valuation. This formula focuses on the seller's discretionary cash flow and is used most often for valuing businesses whose value comes from their ability to generate cash flow and profit.





    6. Return on Investment. The most common form of determining the value of a business is through its return on investment, or the amount of money the buyer will realize compared to the performance of the business.





    I suggest you consult a business valuation expert to help you determine the fair price of your business. Read the article ';How To Find The Right Professional To Value Your Business'; http://www.powerhomebiz.com/072005/valua鈥?/a> to get tips on how to select the best professional to help you.