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About GreekHousing.net
Greekhousing.net bridges the gap of communication and information between property owners and property seekers on university and college campus via the World Wide Web.
Real property can be an organization’s largest asset or liability, depending on how effectively the property is managed and how well the organization strategizes and plans with attention and respect to the chattels.
By listing on Greekhousing.net, property owners will reach the target audience world wide. This will in turn maximize the value of the real property by increasing efficiency, decreasing the use of resources, and by creating a more competitive market.
Greekhousing.net benefits those seeking property by providing valuable property details without expending the resources necessary to personally visit the site(s). Because fraternities and sororities do not use traditional means of marketing their properties, it is often difficult to ascertain what property is available and who to contact regarding the property.
National Organizations accessing Greekhousing.net will enjoy the capability of understanding what properties are available prior to making extension decisions. Groups with strong real estate initiatives will use the site to better evaluate potential investment opportunities.
Since fraternity houses, sorority houses, and other university buildings have a niche market, traditional methods of marketing, listing, and seeking these facilities have not proven effective.
Carpenter Realtors and Greekhousing.net have partnered together to provide superior expertise with extensive knowledge of the Greek Housing System and nationwide real estate services. With 35 years of experience and now the largest real estate company in the state of Indiana, Carpenter Realtors is proud to partner with Greekhousing.net to offer marketing and transaction management for Greekhousing’s clients. Carpenter Realtors is also a member of The Leading Real Estate Companies of the World, TM, the world’s largest real estate network with nearly 700 members. It is comprised of superior real estate companies with offices throughout the United States and over 20 countries. This affiliation allows Greekhousing.net to provide its client with the highest level of expertise, local knowledge, and abundant resources to facilitate the efficient acquisition or disposition of property at the best price.
GreekHousing.net's principal partners are both licensed real estate salespersons with their licenses held in referral at Carpenter Realtors.
Reasons for Movement and/or Transition:
- Extension: this is when a new colony of an organization is planning to open or has recently opened at a university or college.
- Expansion: this is when a fraternity or sorority has outgrown its current facility.
- Downsizing: this is when an organization is unable to fill bed space in its current facility, but does not wish to become unhoused entirely.
- Temporarily closing: from time to time, it becomes necessary to close a local chapter for a period of time in hopes of returning to campus shortly. During the re-grouping period, the group may choose to lease or sell their property interest in order to decrease the financial burden.
- Closing with no immediate plans for return: this is when a group has been unsuccessful on a campus and attempts to remedy the situation have been exhausted. Leasing and most likely selling property interest is necessary.
- Host Institution and/or Regulatory influenced reasons: this is when housing transition is imminent due to some action by the university. Host institutions have property interests and plans involving property owned and leased by fraternities and sororities located on or nearby campus. Student Organizations and local corporations have varying degree of choice in this type of situation. Examples include a proposed Greek Village, moving all fraternities and sororities to more peripheral locations to make room for university related activities closer to campus, and requiring all buildings to be fire sprinkled.
- Peril: unfortunately floods, fires, tornadoes, hurricanes, or damage to university housing often displaces student groups, therefore creating a need for either temporary or permanent housing elsewhere.
SEARCHING for a property with Greekhousing.net:
- Select the State
- Select the University
- Review University and Greek Information
- View the Properties and Specifications
- Negotiate with listed contact
- Access other relevant property information
SEARCHING without Greekhousing.net:
- Begin inquiring and making calls
- Review the University and Greek information to discern what may be a good location.
- Search the Internet for random listings.
- Call the Greek Advisor for more information and try to determine if there are Greek houses for lease/sale.
- Try and determine a contact person for any properties that may be for lease/sale.
- Attempt to make contact with the Local Corporation.
- Send paid staff or volunteer to view the property.
- Take pictures if it can be coordinated with the owners and try to gather accurate property specifications.
- Convey information to others within your organization.
- Negotiate with the property owners.
- Begin the hunt for the necessary service providers needed to properly maintain/renovate the property.
SELLING a property with Greekhousing.net:
- Gather property specifications
- Take pictures or video of the property
- Enter the information and pictures/video into the provided template
- Enjoy multiple offers
SELLING a property without Greekhousing.net:
- Gather property specifications.
- Make inquiries on campus to determine if there are any organizations in the market for a property.
- Make random calls to realtors to inquire if there are any investors interested in university property.
- Survey the university land management office to determine their interest.
- Ask the National Organization to assist in making inquiries on the national level.
- Continue upkeep of property, including lawn care, pest control, maintenance, etc.
- Continue to pay mortgage, utilities, and taxes, while generating income is unlikely.
- Possibly hire a property manager.
- Secure the property and prepare for likely vandalism and other risk management issues.
- Send paid staff or volunteer to meet with prospective buyers.
- Settle for an offer or continue paying the cost of vacancy.