Investment Property Update

I just attended an interesting seminar yesterday outlining the new factors influencing commercial real estate for 2009. The most interesting information was on the rate of decline in pricing that sellers have been forced to comply with. Most areas around the country have seen 10-20% declines in sales volume and sale prices. Fortunately for some sellers, the apartment market has not been as dramatically affected. In Cincinnati, we have not seen very dramatic sale price drops. I have negotiated out a few deals in the last two months that have seen discounts off the list price around 8%. Maybe it is different in other cities but I wouldn't consider this a dramatic price decrease. The properties I have been associated with have been in Hamilton County Ohio and Clermont County Ohio.

If you have any direct questions in regards to investment property, please let me know.

Have a great day!
Derek

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!

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