The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-10-23

proposition is provided for. AT the
! present time, there are nav houses
| that have been built with the inten-
! ton of helping out the present situa-
ton but they have been standing idle
1 for months waiting for buyers. These
proPerties are not priced high. They
were built upon the prices of year
or more ago and not on the top of the
market, in fact. on the market which
| is less than it is right now. Yet. the
| public believes that prices are prohibit
| tive.
Until the public comes to realize
! the, cost of building and is willing to
pay the present prices building will
be slower and sales will be hard to
make.
Building and loan associations at
| the present time are loaning two
/ thirds of the value of property. They
! offered that is good where the moral
and property risks are considered
| good. There is always a class of trade
| who wants to buy where the personal
| moral credit is absolutely worthless
| where the property credit is suffi-
/ GENTLY good and the company can not
! take this risk as the moral security
of the borrower affects the loan and
! the 1oaning companies always take this
/ into account
Topeka still needs to have good
many of the old houses renodeled and
improved This would materially help
the looks of the city and be far more
attractive to the prospective buyer
who is looking the town over and To-
eating either for business or educa-
tional features.
Our association made seven loans
last week amounting to s16,450. In
vestments are coming in steadily and
we are glad TO assist individuals secure
| their own homes
nrcf - n
Estate board: N"Real estate consti-
tutes an enormous proportion of the
/ wealth of any community. The real
estate men are the only ones who
make a careful and fthoro study of
basic conditions and the various e1e-
ments that enter the sale and rental
| value of real estate; they study the
arteries of traffic; the congested dis
tricts; the transportation facilities; the
various sectional developments and the
numerous other things that bear di-
rectly or Indirectly on realty values,
SO they are in possession of the only
available source of scientific kriowl-
edge concerning real estate.
In every transact the best in
formed man makes the best trade. It
is reasonable to assume, therefore, that
a wide-awake. aggressive real estate
man can make a better trade for you
on your property than you can make
YOURSELF; he knows values in every
IlOCdIl0n, he KNOWS what Is going on
in every section and on every street;
he knows what property in the i'm
mediate vicinity has sold for or what
lit is leased for. furthermore, princi-
tpals seldom agree-it takes an inter-
mediary. PRINCIPALS issue ultimatums
land then it is difficult to reopen nego-
tiatiOns; whereas an agent can con-
stant1y go between the buyer and sell
er, or the lessor and lessee as a repre-
sentative of both parties in an effort
to close the transaction. ,.i.u-
do not labor under the misappre'
hension that an agent IS working fol
any particular section of the city. He
has no favorite section to develop, but
| on the other hand it is decidedly to his
interest TO have the city develop al
a symmetrical whole, and not to have
one section prosper at the expense Of
another.
DO not begrude commission paid
an agent. It is the best money you can
spend on real estate. Sometimes the
impression is created that the work of
the real estate agent is easy and that
he earns his commission without much
trouble and with little effort. In most
instances an agent does a tremendous
amount of work for the commission
earned.
Some property owners still think
they can save money by dealing direct.
A nonresident owner of Main street
business property recently closed a
five year lease at $1,000 per month
without the aid of an agent. who could
have easily procured him $500 per
month The owner saved an agent s
commission and lost 100000 in rents
because he was not posted as to values
'In order to avoid any misunder-
standing with agents. the Dallas real
estate board requests all property own
I, ~