Commercial Real Estate: Excess Federal Property for Sale & its Impact

Over the summer, the Civilian Property Realignment Act was approved which calls for the creations of a commission that will identify excess federal properties that will be put up for sale. The goal of the bill is to help lower the national deficit and reach a total savings of $3 Billion by the end of 2012, by liquidating these unneeded properties. While pushing for this bill, President Obama and the White house released a map containing around 14,000 properties that could be included in this liquidation.

There is no question that we need to address the problem of our growing national deficit. However, I believe the more immediate concern should be how this new flood of commercial inventory is going to affect our already fragile market. Although the commercial market hasn’t been hit as hard as the residential sector, it has still been affected due to high inventory vs. limited demand. Due to this limited demand, any increase to current inventory as a result of this bill may ultimately result in a further reduction of values.

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521