jimmy Turano

Why The Commercial Real Estate Market Will Obviously Fall

Dear Reggie Middleton,
Interesting article no doubt. But as a Real Estate Broker for the past 29 years, I'd like to give a little more credit to my buyers compared to the caliber of buyers your speaking about. There are many buyers who do know what they are doing and if the numbers do not make sense, then there is no deal to be had. Plain & simple! If properties do not have 6% or more I wouldn't even bather placing a call to my customers. I have a reputation that has taken 29 years to build. And even if I could take the advantage of pushing a property on a buyer who doesn't know any better, I do not practice that kind of scamming habits. It is because of my ethical practices that I flourish in Real Estate and receive vast amounts of referrals as a result. Lastly, I totally disagree that Commercial Real Estate will fall as you say, rather an adjustment of sorts, do to the lack of Professionalism of a Realtor not doing his job correctly when taking a listing at the right price. When the inexperienced Realtor stops letting owners dictate to them, there will be more balance in order. I have told owners for 29 years, when necessary, do you tell a surgeon how to do a procedure on yourself, or do you let the experienced professional do his job the way it's supposed to be done?
If the owner is not realistic, I do not take the listing,period!
Never, ever.
Enjoy your day Reggie!