White Tie Real Estate Blog

Information about Residential & Commercial Real Estate

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Does Schaumburg IL Have a Real Estate Transfer Tax?

Schaumburg Tansfer Tax: $1 per $1000 of sales price

Who Typically Pays: Seller

Like many municipalites the Village of Schaumburg has imposed a real estate transfer tax. Schaumburg charges $1 per $1000 of purchase price. For example on a $300,000 home the transfer tax would be $300. In Schaumburg this is commonly a fee paid by the seller.

It should be noted that on certain types of transaction the buyer may end up paying the transfer tax. Please check with your attorney or real estate agent to make sure if you are a buyer you are not expected to pay.

For more information you may contact Village of Schaumburg via phone at 847-923-4539.

Your attorney should give you a form that is filled out and you may need to go to the Village to pick up the transfer the Village Hall is located at: 101 Schaumburg Court, Schaumburg, IL 60193-1899 and here is there general phone number 847.895.4500 and fax [phone].

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Any questions please do not hesitate to contact me for help.

John Ziemba

847-217-0480

Learn more about Schaumburg Real Estate or start your search for Homes of Sale in Schaumburg IL

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Nick's Pizza & Pub

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SEO & Internet Marketing for Commercial Real Estate

After a recent wall post on facebook in which I demonstrated my ability to gain top SEO ranking for specific terms, I received a message from a fellow Commercial Real Estate Broker asking me what the best resource is to learn how to use the tools to gain a high SEO rank.  I think this was a excellent question, however, I was stumped by my inability to be able to give an answer off the top of my head.  For people that know me, they know I am never at a loss for words .  I have spent hundreds of hours, reading across various posts, websites and attending classes to learn everything I know.  As commercial real estate "evolves" or at least starts to copy trends in residential real estate, here are some opportunities to learn more about SEO and Internet Marketing.   There are many good resources out there so I will pick a few of my favorite: Social the Book, free e-book available at socialthebook.com, written by Ben Kinney & Jay Papasan this is a great resource for being able to understand social medial and internet marketing. Check out GaryVaynerchuk.com, this is a great resource to learn about and see someone who is using social media to the fullest in an industry that is not real estate. For the latest how to videos, webinar and blog posts about social media in real estate check out TechSavvyAgent on facebook, yes this means you have to have to be on facebook.  I know for many commercial real estate brokers, they are a little shy when it comes to social media but give it a chance before you talk about it.  If you are on LinkedIn, and if you are not you should be, check out the Technology for Commercial Real Estate Group, you will find the top connected CRE folks posting questions and commenting on different technology issues within commercial real estate.  I also suggest taking a course and gaining a certification like e-Pro, this was the first course I took to learn about technology in real estate and they have just redesigned it to make the content all new.  This is a great opportunity to learn about technology in real estate.  For people who want to dominate their market I am suggesting taking the IMSD course taught by the previously mentioned Ben Kinney. If you are looking for a specific resource on SEO, check out a book, that's right a good old fashioned book, look for Search Engine Optimization: An Hour A Day, this is a great book to use to get started and learn about SEO.  In addition if you are not a member of ActiveRain.com, with almost 200,000 professionals on the "rain" this is a great forum to post questions and search for answers from people actually working in the "field". I hope this gives the Commercial Real Estate Professional, a good place to start. Make it a great day, John Ziemba my blog www.WhiteTieRealEstate.com my website www.WhiteTieCommercial.com Become a fan facebook.com/WhiteTieCommercial email me [email protected] or pick up the phone and call 847-217-0480

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Top 10 Places to Post Your Listings

Hey guys there has been a lot of talk about technology tools for commercial real estate.  So I wanted to propose the following questions.  What are the top 10 websites to post your listings?  I'll list the ones I think and you can let me know your thoughts from there.  I look forward your thoughts.  

Here is my list in no particular order.  I beleive all these sites are free.   

1.  Loopnet

2.  CoStar

3.  Catalyst

4.  Property Line

5.  Commercial Source

6.  Rofo

7.  Real Up

8. Craigslist

9. CIMLS

10. Oodle

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Commercial IDX, If I build it will you come?

Ladies & Gentleman,

I want to let everyone know that I intend to build the first solo Commercial IDX Solution.  I am just curious if commercial agents would pay for the ability to display their listings along with the listings that other brokers.  My goal is to create a searchable database for consumers so that commercial brokers could optimize their website and then provide consumers with the actual property listings other then just their inventory.

Here is my business model, $20 a month, for each person that wants to particpate.  This will be dermined by who the leads go to.  So if a company wants all the information to come to one person they would only need one 1 subscription.  Individual brokers would also be able to join and the leads would come directly to them.  My goal is to encourage as much participation as possible not create stupid rules to maximize and force membership.  If I built it right they will come.    

My initial concept is to provide a decent IDX and then go from there.  As far as I know no IDX exists.  If one does feel free to let me know. 

I look forward to your thoughts,

John Ziemba

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Here is what I would do if I was CEO of Loopnet

Fellow Commercial Real Estate Broker Duke Long, wrote a great piece talking about what he would do if he were in charge of Loopnet.  Check out his post "I am the CEO of Loopnet". 

I am sure I will take some heat for this but let's see if we can residentialize the commercial world.  Sorry guys, I know you think you are all better then "those" guys but they have some good things you could take some hints from. 

1.  Let's talk about how much this should cost.  I'll pick a number $100 a month.  That's it. 

2.  No more paying for searching and then paying to have my listings shown.  One fee covers all. 

3.  I want to be able to show my listings on my own website and be able to have a property search, that people can come to my site and search for commercial properties that are not my listings.  Ok you guys, that don't want to share just opt out and your can keep 100% of whatever deal we didn't do. 

I am just picking these 3 things to focus on. 

Just my thoughts,

John Ziemba

[email protected]

847-217-0480