Residential
This famous real estate phrase to describe what matters most about a property's value.
What is location, location, location
A flooring showroom and a tutoring center may occupy what type of property?
Retail
Only big investors buy commercial property.
Myth. Many buyers are local business owners buying their own building
"My lease is up next year" Who do you call?
Lauren
A couple has owned their home for 35 years, and the thought of sorting through everything feels overwhelming. This type of move might be on their horizon.
What is Downsizing
A contractor needs a big yard, tall doors, and room for trucks. What type of building?
Industrial
A homeowner selling their home must accept a full price offer if a buyer offers exactly what they're asking.
MYTH - A seller generally has the right to choose whether to accept an offer, even at full asking price.
This is the professional you should introduce your client to BEFORE they spend $50,000 renovating a house they're planning to sell next spring.
Kristina
This life event can turn one household into two and often requires selling a shared property.
What is divorce?
A business owner rents for 10 years. Who owns the building at the end?
The landlord.
You need 25% down to buy a commercial building
Myth. Owner-users can often buy with as little as 10% down through an SBA loan
Your client says, “I’m thinking about selling my warehouse or office building.” Who do you call?
Lauren
This percentage represents the average sale price The Hudes Group's sellers achievd compared with their asking price: 98%, 101%, or 105.5%.
What is 105.5%
A client wants out of being a landlord. Can they trade their rental house for a warehouse or retail building without paying capital gains tax right away?
Yes (A 1031 Exchange)
A homeowner who has received a notice of default or foreclosure notice may still be able to sell their home and walk away with money.
TRUTH. (The most important thing is getting a Realtor involved early enough to protect their options and equity)
Your client has an elderly parent who can't afford home care or senior living facilities but has a lot of home equity.
Kristina
What is The Hudes Group's signature strategy called?
What is The Hudes Hack Method
Two identical commercial buildings generate the same rental income, but one sells for significantly more. What are 3 factors that could explain the difference?
What is Location, tenant quality, lease terms, operating expenses, or perceived risk.
A California homeowner age 55 or older may be able to move to another home in California while keeping some or all of their existing, lower property tax assessment.
TRUTH - Proposition 19 permits qualifying base-year value transfers, with an upward adjustment when the replacement property is more expensive. You can use this benefit up to 3 times.
Your client says, "I'm getting older, and I'd rather leave each of my three kids an investment property than have them all inherit one commercial building together, but I don't want to pay a fortune in capital gains taxes." Who do you call?
Who is Kristina and Lauren. This is a perfect example of when residential and commercial Realtors can work together. My partner can help sell the commercial building, and I can help identify residential investment properties. We coordinate with the client's CPA and qualified intermediary to plan the exchange.