It is said that small businesses are the backbone of the American economy. However, there are fewer and fewer that are able to survive in today’s world. Terrace Realty and Associates is a privately owned, independent, full service real estate company that was established in 1958.
The two owners and brokers of the company both started out by working under the two founders of the business. Larry Aikins and Eric Ruxton have spent most of their adult lives building and running the company.
Local, privately owned, independent businesses are becoming fewer and fewer. Locally owned businesses are essential to a vital local economy and community character.
For more than 60 years, Terrace has been listing, selling, exchanging, renting and leasing real estate. Terrace sells a lot of residential properties, but also sells a large amount of investment or income properties.
We have been approached many times in the past to affiliate ourselves with national franchising, but we don’t want to give up the independence we have by staying private and locally owned. Franchise owners don’t have the freedom to operate their business independently.
We have a strong reputation for income investment property sales. We make transactions that most other companies don’t.
Terrace owns and manages large amounts of real estate. Our independence allows us to structure transactions that other brokers simply are not able to do.
We have the freedom from outside control. We have sole proprietary ownership.
This article was originally written for and appears in the San Francisco Examiner. Eric Ruxton and Larry Aikins are the owners of Terrace Realty Inc. and Terrace Associates Inc., in Redwood City. Terrace has been in business for 60 years and in addition to being an independent Brokerage Company, also owns and operates rental properties.