Suros Capital’s Post

Fire sale ❗❗ In December, the National Bureau of Economic Research reported that 44% of all office loans were underwater. Last week, the tallest building in Ft. Worth sold for $12.3M in foreclosure. It had previously sold for $137.5M three years earlier, and it was most recently appraised for $104.5M. Is this the bottom? Or is it going to get worse before it gets better? The appraisal brings up another question. How many real estate owners are paying excess taxes on buildings that are worth far less than their appraised value? https://lnkd.in/gM7-syMh

One of the reasons for the increase in clients using fine art to raise capital is the slowdown in art sales worldwide, which has made many owners re-evaluate their options. According to Bloomberg, the major May New York auction season fell about 23% by value from the previous year. One of the by-products of this has been the number of art owners who have decided to realise the value in their art portfolios by taking loans against them to make use of the capital for other purposes while retaining ownership of the assets themselves. Read more in The Intermediary. If art lending is of interest to you or your clients, please get in touch with our business development team at enquiries@suroscapital.co.uk. #ArtLending #ArtFinance #FineArt

Commercial property wanted. Avoid costly agent fees , no surveys , no viewings needed, avoid auction fees, rapid completion, cash deposit upfront same day can be arranged. Lease back options available to release equity , problem titles, etc anything considered, #wanted #property #freeholds often referred to as mainic buyer for my eagerness to buy … try me …

The potential pitfalls of short leaseholds https://lnkd.in/eDV6r-gq #Property #HousingMarket #ShortLeaseholds

Auction Purchases - Non standard Properties - The Risks Today I just wanted to talk about buying properties at auction, where the property is of non standard construction and the risks involved. I had a client recently who was looking to buy a property at auction that was concrete construction. The client intended to purchase, carry out a complete refurbishment and they were going to change the construction to brick. Now there are lenders that will provide bridging loans on non standard construction properties, but the issue here was we were unable to confirm the specific construction type and unable to get a valuation done before the auction took place. Now my concern was that if the client wins the bid and then a valuer visits the property and raises lots of issues regarding the construction, the lender might decide not to lend or want the client to put more money in, which they didn't have. I discussed this with the client and I felt we did not have a plan b in place in case the valuation came back with issues, plus we have a 28 day deadline to complete by, so I felt it is best the client does not proceed as its too risky and they agreed. I think it is important to always have a plan b or c lined up with auction properties, such as being able to go to other lenders or money available to buy outright or have other property with lots of equity we can raise money against. There can be some great deals at property auctions, but also be aware of the risks involved. If you would like to raise money for a property development project, you can reach me at: Schedule a Call: https://bit.ly/2VOv9tS Website: https://lnkd.in/dUPWQwDi YOUR CAPITAL IS AT RISK IF YOU DO NOT KEEP TO THE TERMS OF YOUR AGREEMENT THE MONEY HUB LIMITED ARE A LICENSED CREDIT BROKER AND NOT A LENDER. #bridgingloans #auctionproperty #propertydevelopmentfinance

Is Auction really the best way to sell your home? It's always been an interesting conversation to have with both the general public and other agents. What you want as a buyer is the opposite of what you want and need as a seller. #realestate #auction #agents #exprealty #totalhomecaresolution

This course explores the most frequently used contract in real estate: the TREC One to Four Family Residential Resale contract. This course deliberately delves into the intricate details of this nine page document that governs the exchange of both property and money between the buyer and the seller. Agents will learn about critical dates and timeframes within the contract, as well as documents ancillary to the transaction, such as surveys and appraisals. #realtorlife #education #growth #agentadvantage

We know that property viewings are important, but can often take up a lot of time when you’re looking to buy 🏡🔍 That’s why we commit to ensuring all viewings we arrange are accompanied by one of our professional consultants. This help ensure viewings are a positive experience for buyers and vendors, and substantially reduces a lot of time waste ⏰ Want to find out more? Give us a call on 0203 793 2033 to find out how we can help you on your buying journey 📞 #KeyPropertyConsultants #EstateAgent #property #apartment #EstateAgents #Sellmyhome #newhome #londonproperty #Property development #LettingAgent #ForSale #ToLet #Property #PropertyValuation #Selling #Letting #Rent #Valuation #PeopleInProperty

Auction Tip #2: Be Prepared to Walk Away 🚶♂️ One of the most powerful positions you can be in during an auction is knowing when to walk away. Sometimes, emotions run high and it’s easy to get caught up in the excitement, but staying objective is key. Before the auction, remind yourself that there are always more opportunities. If the bidding surpasses your limit, don’t feel pressured to keep going just for the sake of winning. Walking away is not a loss—it’s a smart move that keeps your financial well-being intact. Stay calm, stay confident, and stick to your plan. It’s all about making the right purchase, not just any purchase! 🦁 #brisbanemortgagebroker #homeloans #mortgagebrokerbrisbane #mortgagebroker #homeloansaustralia #brisbaneproperty #brisbanerealestate #brisbane #firsthomebuyer #homebuying #creditscore #homeloanaustralia #mortgagebrokers #mortgagebrokersaustralia #mortgagebrokerau #homeloanspecialist #commerciallending #assetfinance #complexlending #manefinancial #auctiontips

Navigating Seller Concessions and Commission in High-Value Transactions In the ever-evolving world of real estate, understanding the dynamics of commission and seller concessions is key—especially in high-value transactions. I recently had a conversation with one of our agents about a $7 million property, and it highlighted the importance of clearly communicating commission terms, especially when the seller isn't offering compensation upfront. When sellers indicate they’re willing to pay commission, but only as part of the offer, it’s important to recognize that this is a concession. A concession essentially means the seller is agreeing to cover part—or even all—of the buyer's expenses. However, this requires careful negotiation and disclosure to ensure everyone is on the same page. Here’s how we approach these situations: Transparency is Key In this particular situation, we discussed disclosing the worst-case scenario with the buyer upfront. What happens if the seller decides they aren’t willing to cooperate with commissions? You need to make sure your buyer understands that they might need to cover the full commission in their offer. Being transparent from the start avoids any unpleasant surprises later. Set the Right Expectations If the seller isn’t offering any compensation, your commission should be factored into the buyer’s offer. It becomes part of the overall deal structure, and the buyer needs to be comfortable with this. This ensures that your services are fairly compensated, even in the absence of direct cooperation from the seller. Work Within the Buyer’s Budget While it may seem challenging, it’s crucial to position the conversation around what the buyer is willing to offer, knowing that the seller may not contribute to the commission. In higher-end transactions, such as the $7 million property we discussed, the financial stakes are significant, and every detail matters. Ensuring that the buyer is aware of potential additional costs ensures smoother negotiations and a better experience for all parties involved. Final Thoughts For realtors, understanding how to navigate seller concessions and commission discussions can make or break a deal. Be prepared to clearly communicate the potential outcomes to your clients, ensuring they’re fully informed and can make the best decision for their situation. In this fast-paced market, transparency, and preparation are your best tools to succeed. Have you ever encountered a scenario where the seller wasn’t offering commission? How did you handle it? Share your experience and let’s discuss best practices! Check out the video here: https://lnkd.in/eXn2cHaK