In my many years of brokering commercial real estate it has always surprised me that many property owners make extensive plans regarding their commercial real estate based upon assumptions regarding the next President of the United States.\u00a0 We all know that many changes in our country do occur when we have a change of President.\u00a0 That is especially true when the political party also changes.<\/p>\n
What we don’t usually know in advance is exactly how all of these changes will impact real estate prices.\u00a0 Not to mention just who will win the election.\u00a0<\/p>\n
No matter who wins there are those that will feel we are all going to hell in\u00a0hand basket.\u00a0 These people start to get depressed as soon as the candidates from each party are chosen.\u00a0 Conversely there are those owners who know beyound a shadow of a doubt that prices will rebound and start shooting upwards.\u00a0 These people start to get giddy when\u00a0the\u00a0actual\u00a0Presidential candidates are chosen\u00a0<\/p>\n
\u00a0Not only do these people all\u00a0feel they have had a flash into the future about the pricing of their property but they also seem to have received a Divine message as to who will win the race. Therefore some owners get more morose and some just can’t stop from grinning.<\/p>\n
As the Broker in all of this, I get calls from some people who want to get out of their properties before the election and some who want to start buying before the election.\u00a0 I have not really kept an actual scorecard on which side is more clarevoyant but I am pretty sure the answer is neither.<\/p>\n
The reality seems to be that nothing much happens one way or the other.\u00a0 That’s true at least initially when a new President takes office.\u00a0 If there is a movement up or down it will have occured due to movement either up or down in the economy itself\u00a0 because of further anticipation or some time farther into the Presidents term.<\/p>\n
I have never counseled anyone to buy or sell real estate because of an election.\u00a0 Those decisions must be based upon the same reasons one buys or sells at anytime that they happen to make that decision.\u00a0 If you want to take some profits or you want to retire, go ahead and sell.\u00a0 If you have some money you want to place in a solid investment, go ahead and buy.\u00a0 In any case you are probably making the right decision.\u00a0 At least for you.\u00a0 If you have another answer, please let me know.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
In my many years of brokering commercial real estate it has always surprised me that many property owners make extensive plans regarding their commercial real estate based upon assumptions regarding the next President of the United States.\u00a0 We all know that many changes in our country do occur when we have a change of President.\u00a0 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[47,55,56,145],"class_list":["post-24","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-commercial-real-estate","tag-decision-to-buy-real-estate","tag-decision-to-sell-real-estate","tag-real-estate-prices"],"_links":{"self":[{"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/posts\/24","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/comments?post=24"}],"version-history":[{"count":0,"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/posts\/24\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/media?parent=24"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/categories?post=24"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swartzcre.com\/observations\/wp-json\/wp\/v2\/tags?post=24"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}