Greater Reading Commercial and Investment Real Estate

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Real Estate Agent - BMC Capital
Commercial Real Estate blog discussing investing, selling, and leasing retail, office, industrial, residential, mixed-use, hospitality, self storage, and other commercial real estate in the greater Reading, PA market.
RECENT BLOG POSTS
Again today I was working with a client who is selling there home in a short sale.  When we first listed his home for sale, he had plans to move in with family, but unfortunately that plan has changed.  I have worked with several homeowners in similar situations, and it is usually a challenge.  I...
06/05/2009
I was just having a conversation with an out of state investor today about selling her property.  This property has been listed previously, but did not sell.  After viewing the property and speaking with the tenants, it is clear why the property didn't sell.  This home is in a very nice, primaril...
06/04/2009
One thing that I did not mention during the reviewing the offers portion of the series is the issue of inspections.  When I am representing a seller of a short sale, I typically advise them to allow inspections, but for them to be for information purposes only for the buyer.  I do not want my sel...
06/01/2009
I recently was discussing the purchase of a home in Cherry Hill, NJ with an investor.  The seller was behind on their mortgage and owed slightly more than the property was worth.  In this situation I would only be representing the buyer, but the seller would also be represented by a licensed agen...
06/01/2009
I know that there is a lot of information out there regarding the $8,000 First-Time Home Buyer Tax Credit, so I wanted to share the most recent update from HUD.  As you can see buyers are now able to access that tax credit and use it towards their downpayment and closing costs. Joseph Cacciapagli...
05/29/2009
I was just discussing the sale of a home in Cherry Hill, NJ that has been for sale for over a year.  The seller has used two different real estate companies to market the home, and both listing contracts have expired without recieving any offers.  The home is a 3 bedroom 1.5 bath with a garage in...
05/29/2009
Once you have a contract in place with your buyer, it's time to start the negotiation process with your lender.  For all my clients, I suggest that they retain a local attorney who specializes in this type of negotiation.  It is important to choose someone who has experience dealing with lenders ...
05/29/2009
I just read a great article about short sales.  I don't agree at all with the idea that short sales are rarely worth the trouble, but what I do love about the article is that it shows that there are still a lot of real estate agents out there that don't know how to handle a short sale properly.  ...
05/28/2009
Once your property is on the market and priced correctly, you should start recieving offers.  It is important to evaluate each offer and not just accept the first one that you receive.  In my experience short sales attract a lot of novice investors so some of these offers might be a little off th...
05/28/2009
As you're looking for a buyer for your short sale, you must implement an effective marketing plan.  One of the most important aspects of any marketing strategy is proper pricing.  This is especially true when selling a short sale because you need to get the property sold quickly.  Many sellers ma...
05/27/2009
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Joseph Cacciapaglia

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Commercial Real Estate blog discussing investing, selling, and leasing retail, office, industrial, residential, mixed-use, hospitality, self storage, and other commercial real estate in the greater Reading, PA market.