Your Real Estate Advisor

Welcome to Chet's View! As "Your Real Estate Advisor" I would like to share my views, experience and advice in commercial real estate to bring harmony to your next transaction.

You can Google "Chet Wilke" to see all about me or search YouTube, Chet Wilke, to view my Television real estate shows and Real Estate Videos for the video experience, email me or just call me at 972 754 2484 anytime!

Experience "Peace of Mind" and our "Legendary Performance" it will be my pleasure to assist you!

Our websites are: or or and each has its own specialty.

Sunday, December 4, 2011


Zombies are like the walking dead which we can relate to folks in Congress these days walking around like the dead and not being very productive.  Benefits without responsibility!

If you're looking for a proactive responsive commercial broker, who is not a zombie, contact AmeriStar Commercial and let us guide you on your real estate path and create harmony in your next real estate transaction.

We do not have a 9 9 9 plan just believe in hard work, making good decisions based on great information that yield the right deal for you!

Thursday, November 17, 2011


Commercial real estate prices resumed their steady if modest rise in September following a pause the previous month, helping lift the CoStar National Composite Index to a nearly 1% gain in pricing for the third quarter of 2011 over the previous three months.

Two main factors, the ongoing decline in distressed sales activity and the recovery in pricing of retail and multifamily sales -- drove the 0.9% increase for the quarter and the modest 0.4% bump, according to the latest release of the CoStar Commercial Repeat Sale Index (CCRSI).

CoStar counted 825 sales pairs for September, 682 general property purchases and 143 investment grade deals, in slightly lower transaction activity from the previous month. By comparison, only 385 transactions were recorded in January 2009, the bottom of the last downturn, and the September figure is within the historical range of the real estate boom period from 2004 to 2008.

Total deal dollar volume declined slightly in September by 1.2% from its six-month average, chiefly reflected in the general property index, which fell 5.9%, while investment grade volume remained at about par with its six-month average.

Distress sales accounted for 25% of repeat-sale transactions in September and have declined steadily as a percentage of total sales from a peak of 35.4% in March 2011. While distress sales have drifted down over the past six months, the overall level remains high, suggesting that distress continues to be a significant factor in CRE pricing.

Sunday, November 13, 2011


Fiduciary duty to all Americans is being ignored by Congress for the sake of protecting their political future without regard to doing what is right and in the best interests for all Americans.   How does that affect real estate?   Lots of folks are in jeopardy of losing their home and many more on the brink of delaying a real estate acquisition due to uncertainty in Washington now and in 2012 due to mistrust and a question of duty!

A Texas real estate agent and broker is licensed by the state and their premier value is the licensee’s fiduciary duty to serve their client’s interest first and foremost; so why isn’t that value a part of all congressional and senators sworn duty?  Why do we have to worry about special interest groups and lobbyists……because we are worried about personal ambition and the lack of fiduciary duty to serve Americans?  That is my opinion.....what do you think?

Thursday, November 10, 2011


Now that I have your attention my point is that it is sexy to invest in real estate right now!  Lots of sex appeal compared to the yo yo stock market or the below 1% bank rate returns these days.  The allure of bargains, the tease of foreclosures and REO low prices has sex appeal for investors and smart buyers in a down and out buyers market.

Still not every property is a bargain so buyer beware, go slow and don't let the excitement of the moment overwhelm your good sense......remember that the receipe for success is: good education + good decisions + good choices = great me to help before you fall in love with a property.  It is my pleasure to bring harmony to your next transaction!  

Wednesday, November 9, 2011


As we contemplate which person to trust in business or politics we probably evaluate values, ethics, honesty, integrity and past performance in our own way based on our values etc.  Obviously our trust barometer for Washington's lack of ledership has been difficult to measure and stymied our trust on the effect politics will have on our real estate future and business dynamics for years to come.

Trust is the critical issue so if you can't trust others you should trust yourself, your experience, your gut and your risk tolerance.  Whatever you decide doing nothing is not the answer.  Change is enevitable and requires your trust in your intuitive self to make something happen; do nothing and your standing still while everything around you moves your really going backwards!

Sharpen your saw, renew your confidence and embrace change for a more profitable future.  You can make it happen when you decide to reach for the glass that is half full and view the sky that is partly sunny.   We can help as your real estate advocate; call me when your ready to move forward.  Luck is what you make it.

Tuesday, November 8, 2011


Did you see the recent North Texas Commercial forclosure list of Nov 1, 2011?   It was a list of North Texas properties, 100 properties, that went at auction recently and to my surprise only 4 properties were bought by a third party whle the other 96 were bought by the lenders.

Will share the list if your interested and we can contact those lenders about their new REO inventory.   Also at we are auctioning a 10 acre Wylie retail site on November 15, 2011 via the internet (kind of like Ebay) so check it out.

More REO activity to come in 2012 according to my crystal ball.


Freddie Mac vendors sold fewer REO properties in the third quarter than they did earlier in the year as nonperforming loans continue to climb.

More than 25,300 repossessed homes held by Freddie Mac sold in the third quarter, down 13.5% from the nearly 30,000 in the previous three months. It was also a 17% decline from the record-setting 31,600 sold in the first quarter.

At the same time Freddie unloaded the 25,300 REO, it repossessed another 24,300 homes back into the inventory. At the end of the quarter, Freddie held 60,000 REO on its books, which has been trimmed — as new foreclosures are completed — from 75,000 one year ago.

If the current trend holds, and the GSE reduces a net 1,000 REO from its inventory every quarter, it would take 60 quarters to unload its entire inventory — roughly 15 years.

Looks like the word REO will be the talk of the town in decades to come.....buckle up for safety!