As we progress through 2024, commercial real estate shows a mixed landscape influenced by economic factors like inflation and labor market shifts.Office PropertiesThe office sector remains strained, with vacancy rates at a record high of 13.8% in July.

However, given its design and commercial-like feel—originally built as a retreat center with a strong Japanese influence—I’m uncertain about the best market to target for a sale.I’m hoping that someone in this group might have connections or advice on how to approach selling a property like this.

Unless you are a professional athlete/movie star / influencer it’s hard for many to hear this but the world really doesn’t give a hoot about you.Having built hundreds of multimillion dollar homes and having worked on projects with two different professional sports teams owners - I would say less than 1% would use a land trust for anonymity and some of these people had 9 figures and several were billionaires.

You need to know someone in the L&I office or in politics who has some influence to keep your project moving.

IntroAstoria, Queens, has long been known for its culture, heavily influenced by European countries like Greece, Italy, Germany, Poland, Croatia, and other countries throughout the Eastern world.

A lender may not attempt to influence the operations of a borrower except for the collection of amounts due.You can certainly partner, simply have XYZ Capital fund a loan to your Rehab LLC partnership and go at it, the LLC will be on the note with you as a principal.

My strategy doesn't involve influence by any factors outside of my control. 

.: doorknocking, cold calling, speaking with online leads, contacting people within your sphere of influence, engaging with people on social media (not just posting), meeting people at networking events, etc.2.

For brevity's sake, I understand the merit of seller's not paying professionals to negotiate against them and I am a proponent of brokers having greater flexibility and influence on compensation allocated, as it provides all parties greater chance of compromise. 

It will be VERY interesting to see how these three factors influence existing home sales over the next 3 months:Seasonal slowdown (-)Mortgage rates dropping (+)Buyers potentially paying their own buy-side brokerage commissions (-)Average Number of Offers Received per SaleThe average home sold in July 2024 had 2.7 offers, down slightly from 2.9 in June 2024, and well below 3.0 in July 2023.