Lynchburg, VA Real Estate News

By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
House listing expired? Condo did not sell? What is the next step? By: Bo Kauffmann Did your “Listing” expire?  What’s the next step? . First of all, don’t despair!  Even at the height of our busiest times in the past few years, approximately 25% of listings did not sell during the first listing period, becoming an expired listing.  So you are not alone.  But now is the time to take a closer look at why the listing failed to sell.  Here are a couple of the major reasons this could be: 1) Inadequate Marketing A major contributor to an Expired Listing.  One side-effect of a super-hotmarket is ‘complacency’.  Real Estate Agents, who are traditionally known as some of the best marketers in business, start to believe that every housewill sell, even without advertising and marketing.  The thi...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
2013 Coldwell Banker Previews International Luxury Market Report Ranks Most Valuable Markets and Exclusive ZIP Codes SOURCE: Coldwell Banker Real Estate LLC   April 03, 2013 06:00 ET   Beverly Hills' 90210 and Aspen's 81611 Top Luxury Homes Sales $10 Million and Up PARSIPPANY, NJ--(Marketwired - Apr 3, 2013) - Look out 90210; a new ZIP code in Aspen, Colo., is making California-sized waves. Today, Coldwell Banker Previews International®, the Coldwell Banker brand's luxury real estate marketing program, released its Luxury Market Report, providing a snapshot of luxury markets from January through December 2012. The report, which focused on the value of luxury real estate in today's market, found that outside of New York City, the exclusive Beverly Hills ZIP code, 90210, had the most lux...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Nationwide Commercial Valuations Demand Heats Up Brillion Asset Solutions, Inc., a Newport Beach-based asset management firm, expansions its existing commercial real estate valuations service to 41 states. NEWPORT BEACH, Calif., April 3, 2013 /PRNewswire-iReach/ -- Brillion Asset Solutions, Inc., a Newport Beach-based asset management firm, announced Monday an expansion of its existing commercial real estate valuations service to 41 states. According to a statement from Brillion, the expansion of the commercial valuations division "increases Brillion's significant footprint of serviceable jurisdictions and allows its clients to leverage Brillion's vast real estate practitioner network, leading to a more efficient and timely evaluation of performing and non-performing assets" Brillion's...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
NAR Tech Edge Gives Realtors® Tools to Enhance Their Business SOURCE: National Association of Realtors     April 01, 2013 10:44 ET WASHINGTON, DC--(Marketwire - Apr 1, 2013) - Technology has transformed the way Realtors® do business, and the National Association of Realtors® is helping members keep up with the latest trends that can enhance business and client relations. NAR Tech Edge, a one-day technology conference hosted by NAR, will give attendees the chance to learn about cutting-edge technologies that are changing the real estate industry. "Technology continues to change the way that Realtors® and the real estate business operate," said NAR President Gary Thomas, a second generation real estate professional from Orange County, Calif., and Broker/Owner of Evergreen Realty. "Keepin...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Real Estate Roundtable Urges Pro-Growth Tax Reform     Significant Transition Rules Imperative; Policymakers Must Beware of Unintended Economic Consequences WASHINGTON, March 21, 2013 /PRNewswire-USNewswire/ -- With congressional tax-writers intensifying their efforts to overhaul the U.S. tax code, The Real Estate Roundtable today urged a pro-growth approach to tax restructuring that recognizes commercial real estate's vast economic contributions and includes appropriate "transition rules" to help minimize disruptions to real estate and other economic sectors. (Photo: http://photos.prnewswire.com/prnh/20120215/DC54467)    "The nation's tax laws need to be revamped to unleash entrepreneurship, investment, capital formation and job creation," Roundtable President and CEO Jeffrey D. DeBoe...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Online Community for Commercial Real Estate Professionals Launches CREvine.com Designed to Help Commercial Real Estate Professionals to Connect, Share Knowledge and Grow Their Business BOSTON, Oct. 9, 2012 /PRNewswire/ -- WHO:          CREvine.com (www.crevine.com)     WHAT:         Online community for commercial real estate thought leaders     WHY:          CREvine.com grew out of the belief that sharing information and collaborating with leading industry professionals regardless of affiliation will allow commercial real estate professionals to "level up". "We believe that collaboration and openness are the keys to gaining success in a world where the Internet is increasingly changing the way the commercial real estate industry works," said Grant Schreiber , editor of CREvine. "In th...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Section 1031 Like-Kind Exchanges Serve as Vital Stimulant for Economic Growth Section 1031 like-kind exchanges stimulate economic growth. Repealing or restricting 1031 in the guise of tax reform could quash the nascent real estate recovery. CHICAGO, April 2, 2013 /PRNewswire/ -- After several years, real estate values are beginning to recover and activity is steadily increasing. It's a promising trend that needs to be supported, not thwarted. IRC Section 1031 like-kind exchanges are one of the best ways to support it. Improving conditions in the real estate market could be reversed if tax reform efforts in Washington D.C. impact taxpayer's ability to utilize Section 1031, according to David Brown , President of the Federation of Exchange Accommodators (FEA), a national trade organizati...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Commercial Real Estate Sectors Steadily Improve SOURCE: National Association of Realtors     February 25, 2013 10:00 ET WASHINGTON, DC--(Marketwire - Feb 25, 2013) - Major commercial real estate sectors continue to improve, albeit slowly, with gradual economic improvement and job creation driving absorption of space, according to the National Association of Realtors® quarterly commercial real estate forecast. Lawrence Yun, NAR chief economist, said rental housing demand has been exceptionally strong. "Rent increases have been higher in multifamily housing where supply is not matching strong demand, thereby allowing landlords to raise rents at faster rates," he said. "Overall commercial real estate leasing activity continued to grow in most markets during the closing months of 2012, whi...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Commercial real estate sales surged 22% in 2012 by AGBeat.com Commercial real estate recovery in early stages According to this month’s CoStar Commercial Repeat Sale Indices (CCRSI), 2012 closed with record gains in sales volume and a broadening pricing recovery, maturing beyond multifamily and expanding to secondary markets.   Although commercial real estate sales volume has been improving, the index hit $64 billion in 2012, rising 22 percent from 2011, marking the highest annual total in eight years. December activity spiked as investors rushed to close deals prior to year-end, and while CoStar is not stating any political reason, sources tellAGBeat that activity surged due to uncertainty as to what tax changes will or will not be approved. CoStar reports a “more rapid recovery at th...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Medical Commercial Real Estate Financing News! Commercial Real Estate Financing for Medical Professionals! This Is A Good Time To Purchase A Medical Office For Your Practice! Medical doctors and dentists find good deals on commercial real estate and get commercial real estate financing. US Commercial Property's Positive Position NuWire Investor "Positive underlying fundamentals continue to support all of the major commercial real estate sectors in the United States, but a slowdown in job creation and ongoing tight loan availability has tempered growth in some areas, according to the National … In its latest commercial real estate forecast the NAR’s chief economist Lawrence Yun says that there are mixed results among the commercial sectors. ‘Job creation in the second quarter was about ...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Commercial real estate: all sectors now recovering by AGBeat.com Commercial real estate improving, but slowly According to the National Association of Realtors’ Commercial Real Estate Outlook released this morning, the commercial real estate sector is recovering, albeit slowly, which they say is due to gradual economicimprovement and job creation which drives absorption of space. The bright spot in the sector has long been multifamily, as the recent CoStar Commercial Repeat Sale Indices asserts that pricing for the ten markets in the prime multifamily index having regained pre-recession peak levels, due to investor interest in the sector. As prices have risen, construction levels have followed, with double the number of units delivered in 2012 compared to 2011, with 2013 set to outpace...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
With lender credit to commercial property remaining shy and sluggish years after the housing bubble, it’s more important than ever to be aware of investment capital options for commercial property transaction finance. The act of raising capital by the offering of securities for such transactions or projects is highly regulated and rightly so, but changes are afoot in key regulations and might provide ways forward for property deals that would otherwise be held up for lack of access to capital markets. [DISCLAIMER: Remember: nothing you read at The Source is to be construed as legal advice! Obtain experienced securities counsel before using any technique regulated hereunder.] What is Rule 506? Under the Securities Act of 1933, any offer to sell securities in the US must either be registe...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
How to Prepare Your Loan Application Each SBA loan program has its own eligibility criteria and application process. However, as you prepare to submit your paperwork, you will need to gather and prepare similar loan application documentation. This section provides resources to help you understand the process and what you should expect as you work with your lender and apply for your loan. What to Consider Before You Apply Before you embark on a formal loan application it's vital that you have a clear picture of your financing needs. It's also helpful to understand what factors influence the decision of a lender when your application is reviewed. Gather Your Application Paperwork From personal and business finance statements to tax returns, business permits, and more, read the checklists...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Use of 7(a) Loan Proceeds If you are awarded a 7(a) loan, the loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business. Eligible Use of 7(a) Loan Proceeds Include (Non-Exclusive): The purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities The purchase of equipment, machinery, furniture, fixtures, supplies, or materials Long-term working capital, including the payment of accounts payable and/or the purchase of inventory Short-term working capital needs, including seasonal financing, contract performance, construction financing and export production Financing against existing inventory and receivable under special conditions The refinancing of existing bu...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Financing a Business Financing is an integral part to getting your business off the ground and growing it over time. That's why SBA has provided several free online courses to help you become familiar with your financing options, including an introduction to accounting, a guide to SBA’s Loan Guaranty Programs, and an overview on how to prepare a loan package. Podcasts SBA business financing podcasts offer expert insight and guidance about your business money matters. Financing podcasts offer advice on topics ranging from traditional loans to grants, bonds and investor-based venture capital. Online Courses for Financing Your Business Knowledge about the finances of your business is essential to its success. About These Courses Several free online courses are offered by the SBA to help p...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Online Courses for Starting Your Business Each year, more than 10 million people consider starting a business. Of them, only three million people take the plunge and start a business. It's one of the most exciting endeavors that any person can undertake. About These Courses Several free online courses are offered by the SBA to help prospective and existing entrepreneurs understand the basics about writing a business plan. These self-paced courses are easy to use and understand. They will take about 30 minutes to complete. You can, however, exit a course at any time. Because most of the courses offer audio explanations, it is recommended that your computer speakers be turned on. Before entering a course, you will be prompted to complete an online registration form. The registration proc...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
10 Steps to Starting a Business   Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more. Step 1: Write a Business Plan Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully. Step 2: Get Business Assistance and Training Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business. Step 3: Choose a Business Location Get advice on how to select a customer-friendly location and comply with zoning laws. Step 4: Finance Your Business Find gover...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Forecasting for Growth   Maintaining your momentum means looking forward even as you focus on the present. Forecasting and planning are critical to your continued success. Forecasting for Growth: Strategic Thinking To be effective as a leader, you must develop skills in strategic thinking. Strategic thinking is a process whereby you learn how to make your business vision a reality by developing your abilities in teamwork, problem solving and critical thinking. It is also a tool to help you confront change, plan for and make transitions, and envision new possibilities and opportunities. Strategic thinking requires you to envision what you want your ideal outcome to be for your business, then work backwards by focusing on the story of how you will be able to reach your vision. As you dev...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Developing a Marketing Plan   Marketing takes time, money, and lots of preparation. One of the best ways to prepare yourself is to develop a solid marketing plan. A strong marketing plan will ensure you’re not only sticking to your schedule, but that you’re spending your marketing funds wisely and appropriately. What can a Marketing Plan do for Your Small Business? A marketing plan includes everything from understanding your target market and your competitive position in that market, to how you intend to reach that market (your tactics) and differentiate yourself from your competition in order to make a sale. Your small business marketing budget should be a component of your marketing plan. Essentially, it will outline the costs of how you are going to achieve your marketing goals with...
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By Christopher Shearer, MBA, “San Diego Mortgage Man”
(Mortgage Solutions FCS )
Ideas for Growing Your Business   For those of you who have already successfully started a business and are ready to take the next step, you may be wondering what you can do to help your business grow. There are many ways to do this, 10 of which are outlined below. Choosing the proper one (or ones) for your business will depend on the type of business you own, your available resources, and how much money, time and resources you're willing to invest all over again. If you're ready to grow, take a look at these tips. Open another location. This is often the first way business owners approach growth. If you feel confident that your current business location is under control, consider expanding by opening a new location. Offer your business as a franchise or business opportunity. Franchisi...
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