Thursday, February 7, 2008

Storage Condominium? What's that? GarageTown Who?

As the real estate market is being, and has been, repeatedly turned upside down it's being forced to evolve. With this evolution comes the old theory of "Survival of the Fittest". The weaker real estate agents who were just along for the ride to collect some money here and there have been forced to go back to working a normal 9 to 5. No more are the days where you just list and sell without working. Enter Evolution.

New products and new Sales tactics, more like old fashioned sales tactics, are quickly becoming a necessity to stay afloat as a realtor. As far as the sales tactics and practices go we are seeing a shift back to "the good 'ol days" where you developed a relationship with your realtor and actually found the right house as opposed to simply having a "transaction coordinator" who aided with getting your hard earned 3-6% of the purchase price. This change as well as the large amount of availability in housing has created more educated buyers and a market that is able to meet your needs.

So what about the new Products? This is where storage Condo's enter the market. A storage condominium is a piece of property that is for stuff. GarageTown USA, www.garagetown.com, is the leader in this with numerous sites in 6 states and rapidly expanding. How does this affect the market though? It does several things: First it brings in a new real estate product that is stand alone. It's not residential, it's commercial, but it's used for residential purposes. A person who is looking for a new investment in property can pick one up and lease it out. A car collector that is tired of losing rent on storage now gets his money to build equity. Second it gives you options. Hang with me here. Instead of looking at this house with a 4 car garage, or having to settle for a different one with a 2 car garage you can get that house and the GarageTown unit. This means that people don't have to settle. They can have what they want. Third it eliminates negativity towards HOA restrictions. How many people in places like Arizona have a nice boat, RV, or Truck, but aren't allowed to park them in their driveway or beside their house because the HOA doesn't allow it. This gives the buyer the ability to buy without feeling bad about paying monthly rent for storage, or keeping their prized possesions at a friends place.

Storage Condo's are getting more and more recognition. The NY Times just did an article featuring GarageTown(http://www.nytimes.com/2008/02/01/travel/escapes/01condos.html?_r=1&oref=slogin) and they are here to stay.

GarageTown is changing the real estate market. A community of buyers is growing and pulling more and more people into it. Make sure you don't miss out on the opportunity to buy/sell a GarageTown in your neighborhood. For more info on GarageTown you can visit their website at www.garagetown.com or you can write e-mail directly to Carri Berglund their national sales director at carri@garagetown.com .

2 comments:

GarageTown Arizona Newsblog said...

GarageTown USA is the premiere Garage condominium provider in the nation. Each site is unique in their own way-you can collect a unit at each site! The investment of the future is here folks-

If you are looking for a low-maintenance investment that gives you a track record of quality appreciation- look no further. But don't look too long- they may be sold out! :)

Unknown said...

"Storage Condominium? What's that? GarageTown Who?" Interesting topic! It really catches my attention. I enjoyed reading this post. Thanks,

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