Burt M. Polson - Commercial Real Estate Broker

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Commercial Sales, Leasing, and Consulting

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Filtering by Tag: residential

Commercial vs residential real estate salespeople

If you sold or purchased a house, there is a good chance a residential agent assisted you. If you are a business owner or an investor, then you most likely interacted with a commercial broker at some point.

Both residential and commercial salespeople have several things in common. Both need to be licensed with the state, both use real estate contract forms, and both receive a commission as payment for their work.

However, there are many differences not only in the types of real estate handled, but what each does, how they stay on top of the market and the resources available to them.

Selling and Leasing

Commercial brokers sell and lease commercial real estate. Investment real estate such as a retail storefront or industrial building has tenants who come and go. Property owners usually use the services of a commercial broker to secure a new tenant.

Residential agents usually only sell houses or help buyers purchase a home.

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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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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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Selling your luxury estate home - Part 2

Selling your multi-million-dollar home is more than putting up a sign and listing in the Multiple Listing Service (MLS) by your agent. Luxury homes are unique and have several facets to consider when presenting your estate not only as a home, but a lifestyle to enjoy.

In part one we focused on the fundamentals being our first step in the process. We covered the role of your broker, the identity of your estate and your motivations for selling.

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Selling your luxury estate home - Part 1

This may be the time for you to consider selling your luxury estate home. The market in the Napa Valley is robust with lots of activity. In my previous article I shared with you three things to consider when buying a luxury home. In most every homeowner's life, there comes a time when selling is on the horizon.

Selling a luxury home is a niche market, therefore you need to embrace strategies that differ from selling other types of homes or commercial real estate. I have five strategies for you to consider in the selling of your luxury home.

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City Dweller’s Guide to the Purchase and Maintenance of a Country Home

City dwellers usually don’t have to think about where the water in their faucets comes from or where their wastewater goes after it leaves the bathroom. Other concerns not generally felt by the city dweller are homesite drainage and the detrimental effects of surface and subsurface water. Many of the country homes in Sonoma and Marin County are self sufficient in terms of domestic water from a well and wastewater disposal in septic systems. These amenities generally operate efficiently but occasionally need attention or replacement.

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