What Is My Tulsa Commercial Real Estate Worth?
What Is My Tulsa Commercial Real Estate Worth? Property Values AS J. Paul Getty Would Have Seen It.
by U.S. SBA Entrepreneur of the Year & Cofounder of Fears & Clark Tulsa Commercial Real Estate Group – Clay Clark
Anyone who has spent any time in the Tulsa commercial real estate market has heard this line of thinking a
thousand times, “Well I bought it for X, but it is really worth X multiplied by two, so my networth is equal
to at least x times two.” And in some cases this line of thinking might not be flawed. However because
we are operating in a recession economy that is harshly exposing who actually has cash and who does not, the
market not as forgiving as it once was.
Because I am a great real estate marketer and not a great real estate mogul, I thought that it made since
to research the writings of someone who knew a little something about networth and real estate. I thought it
made since to read the words of someone much smarter than I before pontificating to the masses about
what I feel their hard earned real estate holdings are worth. And so now, let’s here what the man who used
to be America’s richest person has to say about the value of your real estate.
“I have held propeties which I conservatively estimated to have a market-value of, say, a million dollars.
However, when – for one reason or another – I thought to sell, no buyers came forward with offers of not more
than half the amount. Of course, the converse is often true in business. I have bought stocks, which the market
valued at two or three dollars a share even though the net underlying asset value ofthe shares was many times the
price I paid.”
So what does this mean for your specific commercial real estate properties? How does this excerpt from J. Paul
Getty answer the initial question, “What is my Tulsa Commercial Real Estate Worth?” I believe if J. Paul Getty
was here today he tell us that our properties are only worth what people are willing to pay for them. I believe
he would also caution investors and property owners, that banks are not willing to lend based on appraised values
during this economic time. Banks are lending based on the networth of the buyer, the appraised value of the property,
the immediate cash flow of the building and the amount of liquid cash that the buyer has on hand after he puts
at least 20% down for the purchase of the property. I believe that J. Paul Getty would encourage us all to
understand that our real estate is only worth, what others are willing to pay for it.
by U.S. SBA Entrepreneur of the Year & Cofounder of Fears & Clark Tulsa Commercial Real Estate Group – Clay Clark
For more information about great Tulsa commercial Real Estate Properties visit www.FearsClark.com or
call us today at 918-481-2080.
What Is My Tulsa Commercial Real Estate Worth? Property Values At J. Paul Getty Would Have Seen It.
by U.S. SBA Entrepreneur of the Year & Cofounder of Fears & Clark Tulsa Commercial Real Estate Group – Clay Clark
Anyone who has spent any time in the Tulsa commercial real estate market has heard this line of thinking a
thousand times, “Well I bought it for X, but it is really worth X multiplied by two, so my networth is equal
to at least x times two.” And in some cases this line of thinking might not be flawed. However because
we are operating in a recession economy that is harshly exposing who actually has cash and who does not, the
market not as forgiving as it once was.
Because I am a great real estate marketer and not a great real estate mogul, I thought that it made since
to research the writings of someone who knew a little something about networth and real estate. I thought it
made since to read the words of someone much smarter than I before pontificating to the masses about
what I feel their hard earned real estate holdings are worth. And so now, let’s here what the man who used
to be America’s richest person has to say about the value of your real estate.
“I have held propeties which I conservatively estimated to have a market-value of, say, a million dollars.
However, when – for one reason or another – I thought to sell, no buyers came forward with offers of not more
than half the amount. Of course, the converse is often true in business. I have bought stocks, which the market
valued at two or three dollars a share even though the net underlying asset value ofthe shares was many times the
price I paid.”
So what does this mean for your specific commercial real estate properties? How does this excerpt from J. Paul
Getty answer the initial question, “What is my Tulsa Commercial Real Estate Worth?” I believe if J. Paul Getty
was here today he tell us that our properties are only worth what people are willing to pay for them. I believe
he would also caution investors and property owners, that banks are not willing to lend based on appraised values
during this economic time. Banks are lending based on the networth of the buyer, the appraised value of the property,
the immediate cash flow of the building and the amount of liquid cash that the buyer has on hand after he puts
at least 20% down for the purchase of the property. I believe that J. Paul Getty would encourage us all to
understand that our real estate is only worth, what others are willing to pay for it.
by U.S. SBA Entrepreneur of the Year & Cofounder of Fears & Clark Tulsa Commercial Real Estate Group – Clay Clark
For more information about great Tulsa commercial Real Estate Properties visit www.FearsClark.com or
call us today at 918-481-2080.
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