Real Estate

Making The Most Of Your Commercial Real Estate

Industrial property and other commercial properties are going up on the market all the time, but don't get the highlighted attention or preferential treatment that residential homes do.

Prior to making a large investment on a property, take a hard look at community income averages, unemployment rates, and how much hiring and firing nearby businesses are doing.

If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, they sell quick and at increased values.

Location is just as important with commercial real estate. Think about the community a property is located in.Also look into growth of other similar areas. You need to be reasonably certain that the area will still be decent and growing a decade from now.

This can help you avoid headaches after the post-sale. When you're writing letters of intent, keep it simple by going for agreement on the larger issues first and let the smaller issues wait for a later time in the negotiations.

If you are viewing more than one property, acquire the house survey checklist for each one during your site tour. Take initial personal responses, but do not go any further than that without letting the property owners know. 
Do not be scared to let it slip to the owners that there are other properties that you have in mind.

This may provide you with more viable deal. You should always know the details of emergency maintenance procedures.  Keep the contact numbers handy, and make sure you select companies that answer quickly. There are real estate brokers who deal in commercial properties.

 Some brokers or agents only work with tenants, while full service brokers will work with landlords and tenants. Finding your optimum commercial real estate property will only see you half way through this process. Just a little information goes a very long way.