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Why Commercial Real Estate’s Final Conclusion Is An
Excellent Tool For Real Estate Marketing Agents
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Back in 1991, when we were first
developing and programming the Loan Chairman (the original name of our
Final Conclusion), a friend of mine, who owned a commercial real estate
company, advised me to seek out Bob Zegota. He mentioned that Bob was
"Mr. Commercial" within the Tampa real estate industry - owned
his own commercial real estate marketing firm and was President of the
Commercial Division of the Tampa, Florida Board of Realtors as well as
having the distinction of being a CCIM, the most prestigious designation
within the commercial real estate marketing industry. |
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I called Bob and introduced myself and
gave him a review of what we were trying to accomplish.
One point, of which you should be
aware, is the fact that prior to commencing with this tremendous
undertaking, I had never used a computer before. Every institution, for
whom I had worked, processed and underwrote their loans manually. The
reason my interest was sparked into creating a software for commercial
bankers and Realtors was the fact that at virtually every class we had
held (through the Academy of Commercial Real Estate Underwriting) a
student would ask, "Jerry, why don’t you take your course and
build a computer program." My answer, mainly out of fear of not
knowing how to use a computer, would be, "it would be impossible to
create every scenario or to define every solution for working on
commercial real estate loans or investments. However, after hearing this
question for over five years, I couldn’t resist the temptation to try.
I contacted a couple of our instructors, one of whom was Kathy Conroy an
MAI appraiser who had been teaching our students on the techniques of
R-41B. Kathy was computer savvy, as most appraisers were - even back in
those days - and her comment was, "well, at the low price you are
going to ask for the program, you will sell a lot of copies out of
curiosity. I don’t know of anything on the market that does what you
are setting out to do." And, with that encouragement, I was off and
running.
Back to Mr. Zegota. It took about 15 minutes to
explain the concept behind the program and after I got through, his
first remark was, "Jerry, I would not be a candidate for your
program. I hav e
been using a program for several years and it is very expensive. In
fact, I have a lot of money invested in upgrades alone." My heart
sank. I had virtually "sold the farm" in order to start
programming and the first person I spoke to about the concept tells me
there has been something on the market. . . for several years. However,
before I completely passed out, Bob went on further to say,
"however, I owe it to my constituents to stay on top of any new
products for our industry. If you want to stop by and show me what you
have, perhaps I will help you introduce it to our commercial
membership." What an unselfish attitude. Willing to share
technology to his group, even though he personally was not interested. |
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Well, the bottom line is . . . Bob was
one of the first persons to purchase the program and since 1991 has been
a staunch supporter of it effectiveness in analyzing commercial real
estate investments. In fact, I spoke with him just a few days ago and he
is still espousing its merits. "Jerry," he said, "your
program is so great to use because it covers everything a realtor needs
to present to their clients or potential listing customer and it is so
darn easy to use."
If you would like to know how Bob
feels about the Final Conclusion, go to our "Testimonials"
and read about one of the large listings he obtained utilizing the
program.
In 1997, I was interviewing Mr. Tom
Parks, continuously the leading commercial real estate salesman for
Century 21 (in the entire Southeastern US), who works for Bill Nye
Century 21 in Dade City, Florida. Tom was a guest on my "Let’s
Talk Real Estate" radio show one evening and had been using the
program since about 1993. Much like an attorney, a live talk show host
should never ask, on live radio, a question to which he does not already
know the answer. However, Tom is such a good conversationalist that for
a moment I almost forgot we were on the air. After hearing about the
millions and millions of dollars worth of real estate he had sold over
the past few years, I ask him on how many of those projects did he use
the software to develop his presentations? He look at me, somewhat
incredulously, and said, "Every single one!"
Want to learn more about this tool for
your industry? Click here to go into
our reports illustrations section. |
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