Burt M. Polson - Commercial Real Estate Broker

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Filtering by Tag: Napa

Shaking up real estate values with the new fault maps - part 2

The Napa earthquake of 2014 likely affected the value of several homes close to the fault with several owners finding it may be difficult to sell at some time in the future.

In part one, we reviewed the new Alquist-Priolo earthquake fault zone map which now confirms the location of the fault running from north Vallejo, through American Canyon up through north-west Napa.

When examining a map, you will find a yellow-shaded area following the actual fault and averages a quarter of a mile in width.  This area is where development could be restricted.

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Shaking up real estate values with the new fault maps - part 1

I recall going on a run at Alston Park in Napa after the earthquake to find a six-inch crevice that opened up across several trails. Previously living in Browns Valley in Napa I pinpointed the location of my former home on the new Alquist-Priolo earthquake fault zone map to find the house is now within the yellow block signifying it lies within the earthquake fault zone. I am thankful I sold when I did.

When I purchased the home, I suspected the fault was in the area of Century Oaks Park based on previous maps, so I always had bought earthquake insurance. I sold the home back in 2011 and had never experienced an earthquake in that house.

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Is it Really Affordable...Housing - Part 2

Have you ever considered the similarities and differences between Napa, California and Waco, Texas? After watching several episodes of Fixer Upper on HGTV and becoming a bit disgruntled I asked myself the same question.

You ask why was I disgruntled? In my previous article, I discussed the differences in housing costs between the two cities. With the cost of a home in Waco on average being 25 percent of a home in Napa, I ask myself why.

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8 Commercial Trends of Commercial Real Estate

Gone are the four basic sectors of commercial real estate: retail, office, industrial and multi-family. They are still very much a part of many portfolios, but the investor and broker will need to consider several new categories.

 

Real estate investors and brokers alike must consistently remain nimble for the ever-changing demographics, laws, and business needs to remain relevant.

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How The New Laws Will Affect You

According to Business Insider there are some ridiculous laws on the books in states across the US. Here are just a few:

 

  • It's a misdemeanor to try to pass off margarine as real butter in Iowa.

  • In Minnesota, any game in which participants attempt to capture a greased or oiled pig is illegal.

  • As of 1973, it's illegal to carry away or collect seaweed at night in New Hampshire.

  • In Florida, there's no dwarf-tossing allowed.

  • If a frog dies during a frog-jumping contest in California, it can't be eaten.

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Bond...James Bond - Secret Agent vs. Fiduciary Agent

Being a secret agent works well for James Bond: infiltrating the enemy, securing the microchip and getting the woman are all part of the mystique.

The structure of the agent-client relationship or broker-agent relationship should not be a secret. The California Bureau of Real Estate (CalBRE) is always looking out for the consumer, protecting their interests by upholding and creating laws, searching-out the unethical broker and reprimanding appropriately.

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Real Estate, Opinions and the President

“My psychiatrist told me I was crazy and I said I want a second opinion. He said okay, you're ugly too.” Rodney Dangerfield isn’t exactly a philosopher I commonly quote, but this quote rings true when you look at the number of opinions circulating online.

 

Now that we know who will be in the big chair for the next four years I asked myself in what ways may this help my client or hurt. Scanning the many media channels for answers is not only mind-numbing, but full of conflicting information and a plethora of opinions.

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12 Step Annual Check-Up for Commercial Property Owners - Part 3

Protecting your real estate investment takes time, effort and a plan. With my 12 step annual check-up you will have all you need to annually review your property. Now is an opportune time to implement these steps to insure your investment will continue to grow and pay you dividends.

In parts one and two we discussed leases, visiting your property, maintenance, bidding, planning, reviewing energy savings and refinancing. In this final part we will review meeting with the professionals on your team:

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12 Step Annual Check-Up for Commercial Property Owners - Part 1

It can be easy for commercial property owners to become complacent. The nature of some types of commercial properties can develop a sense in their owners that all is good when they should be proactively performing an annual check-up.

The terms in a lease could require the tenant to take care of the maintenance causing the owner to take on the attitude that all is good as long as the rent is being paid.

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I Wish That I Knew What I Know Now

I am sure you know the song Ooh La La; it’s a catchy melody about a conversation between a grandson and a granddad about life that has been remade by many artists. The nugget of truth the granddad offers in the end to the grandson is that he will just have to learn the hard way like he did.

I’ve heard the song several times, but most recently was taken back almost 24 years ago to reminisce on my career path transitioning from a promising career as an engineer in the tech field in Silicon Valley to real estate.

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You Can Tell a lot by the Title - Part 2

Like the title to a good book, the method the owners hold title to real property can tell you a lot about the purpose of the property. Depending on how an owner intends to utilize the property could dictate how title should be held.

Additionally, what the owners would want to accomplish when title is conveyed through a sale, probate or some other means should be considered when the property is acquired.

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Affordable Luxury in North Napa - Another New Listing from Burt M. Polson, CCIM

We are please to announce another new available listing opportunity from Burt M. Polson, CCIM located at 2505 MacLennan Street in Napa.

This 1,500 square foot home has the space you need with a comfortable flow. It features four bedrooms, 2 bathrooms and is being offered at $550,000.

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You Can Tell a lot by the Title - Part 1

You can’t always judge a book by its cover, but the title can give you a good indication it will be  a good read. Similarly, the way owners of real estate hold title can be a good indication of how they intend to use the property and what they wish to accomplish during and at the end of their ownership.

Choosing the method of holding title can oftentimes be an an afterthought for some buyers. Investors hopefully have it dialed-in way before the title officer draws-up the closing documents, especially if there are multiple investors involved.

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Closing Escrow (Insert Blissful Harp Music Here) - Part 1

Whether you are a seller, buyer or broker hearing the words “closing escrow” from an escrow officer are words of beauty that conjure up feelings of rainbows, puppy dogs and unicorns.

Okay, maybe not unicorns, but you get the idea. In most cases when a transaction is about to close escrow the deal is done: due diligence is complete, the down-payment, loan funds or cash are in the escrow account and the brokers involved have submitted their escrow instructions.

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