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I saw this article online today and thought, “Man, it’s good to be in Vermont.”  Just thought I’d share it with you all.

Phoenix Office Landlords Offering up to 15 Months of Free Rent

Jun 22, 2009 – CRE News

Weakening fundamentals for the downtown Phoenix office market have forced landlords to offer up to 15 months of free rent to tenants that sign 10-year leases. The market’s 13 percent vacancy rate for class-A space has nearly doubled in the last few years and will increase further as a result of two projects that are nearing their completion – One Central Park East and CityScape.

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I was doing some research on the US Department of Housing and Urban Development (HUD) website and I came across a pretty cool calculator that figures how much house you can afford with an FHA loan. It’s pretty cool how it breaks everything down. Use the detailed explanation for more info. This could be particularly helpful for first time home buyers.

http://www.ginniemae.gov/2_prequal/intro_questions.asp?Section=YPTH

Thank God we don’t have anything in Burlington, Vermont that looks like that!

This is an especially exciting post for me for two reasons:

1) I have been wanting to introduce video tours into our marketing strategy for a while now. Not enough people offer it and I think it’s something that potential buyers really want and I think sellers deserve it. We are there taking pictures anyway, why not grab some video while we’re at it. The technology is there. There’s really no excuse.

2) I REALLY like this new Multi-Family listing in Downtown Burlington where I shot this trial video. If executed properly, I think this is the type of property that could really benefit from video. The reason being that there are 4 apartments in this building and it’s pretty hard to get the flow of the property (how rooms are connected, etc.) from still images. Of course you could just go see it in person. Another reason is that in a property like this there are a lot of small spaces that are extremely difficult to photograph without a wide angle lens.

Now for the disclaimer: This video wasn’t executed properly. It was more of a spur of the moment thing so don’t judge. I was walking around taking pictures, talking about how I wanted to start doing video tours. Then it occurred to me that the camera has a video function so I started shooting. As you can see from the video below, it was such an afterthought that I didn’t even think to shut the toilet seat! It’s only a couple of seconds long, it’s shaky and it’s just a small portion of one of the units in the 4-unit building.

With that said, Enjoy!

57 North Winooski Ave. Burlington, Vermont from Omega on Vimeo.

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