Tag Archives: dual agency

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Tips To Help You Buy Or Sell Commercial Properties

Are you ready to buy your first piece of commercial real estate? You may have a ton of questions, but this article can help. The following paragraphs are your springboard to commercial real estate profits.

There are differences between brokers in the commercial real estate field. You have a full service broker who works on behalf of both the tenant and landlord, then you have brokers who only work with tenants. You may benefit from using a broker who works exclusively with tenants, due to the singular focus.

When searching for a real estate agent, keep their disclosures in mind so you know who they are working for. Be aware of the possibility of dual agency. Dual agency is when a real estate agency is responsible for the representation of both parties involved in a transaction. This means the agency works for the tenant and the landlord at the same time. An agent should always disclose dual agency, and it must be acceptable to both parties.

Do your research so you know ahead of time if you will have issues with the environment surrounding your property. As owner, you will have to clean up any environmental problems the building may have. Is the area around your property prone to flooding? If so, think again. There are companies that will do environmental studies to evaluate the risk of incremental hazards in the area that the property is located in.

You should establish your presence online before entering the market. Design yourself a website, Facebook page or LinkedIn profile. Learn more about search engine optimization to get more visits to your sites. People should be able to locate your online presence simply by searching with your name.

At this point, you should be prepared for an investment in commercial property. If you felt prepared before, you surely must feel like a pro by now! With luck, the advice in this article will point you in some new directions that lead you to commercial real estate success.

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Pool Products General

Tips On Commercial Real Estate That Help You Find A Great Deal

Commercial real estate investment can yield higher profits than residential real estate, but it also requires more research to get things right. Many people have become successful with it by reading and applying the tips below so that they can succeed in this lucrative field.

Be sure to have your property inspected by a licensed inspector prior to placing it up for sale. If there is anything wrong with your property, have it fixed right away.

You need to realize that every property has a lifetime. If you think the property will last forever, you won’t include repair expenses in your plans and might end up losing a lot of money because of your lack of preparation. The property might be in need of new roofing, or utility upgrades like wiring. All buildings have these kinds of requirements, depending on the specific building, some may require more repairs than others. Before investing in commercial property, determine how you will handle the need to repair the building over time.

When you’re trying to decide which broker you should work with, take their experience in commercial real estate into account. It is important that their experience fall in line with your buying and/or selling goals, so make sure to ask what their specialty is. Also, consider entering into an agreement that will be exclusive between you and that broker.

Check all disclosures of the chosen real estate agent that you wish to work with. Keep an eye out for dual agencies. Dual agency is when a real estate agency is responsible for the representation of both parties involved in a transaction. This means the broker represents you and the landlord during the transaction. Whenever dual agency is part of a transaction, it must be disclosed to both parties of the transaction. Both sides must also agree to the dual agency.

With careful consideration and application of these tips, you have a solid foundation to build your commercial real estate investment strategy. Commercial real estate presents may exciting and well-paid opportunities if you know where to look for them. Apply the above advice to your own needs in order to excel!

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Getting Helpful Information About Commercial Real Estate

There are always industrial and commercial properties, but these types of properties do not receive preferential listings that are given to residential property. You have to know where to find these properties, and this article will give you the tools you need to do just that.

Scrutinize any disclosures made by a real estate agent whom you intend to hire. One thing you should specifically watch out for is dual agency. In this situation, the agent will represent the buyer and seller. This means that the agent is representing the interests of the lessor and lessee simultaneously. You and the other party should both agree if dual agency is to be okay.

Watch for motivated sellers. You have to look for them, especially those who need to sell below the market value. When you find the motivated seller, you’ll find your deal; nothing can happen before then.

Meet with your tax adviser prior to making a purchase. The tax lawyer will help you find out how much it will cost you and how much you will be taxed. Let your adviser help you find a building that won’t require you to pay too much in taxes.

It’s up to the borrower, that’s you, to order an appraisal for a commercial loan. You’re not going to be allowed to use this later by the bank. Plan for this eventuality and arrange for the appraisal on your own.

Location is vital to commercial real estate. For example, consider the surrounding area and local neighborhoods. Also look into growth of similar areas. What you are seeing now in terms of commercial potential might be very different a few years from now.

Look at any environmental impacts or prior EPA issues with the property. Should a problem with environmental waste ever occur, it is your obligation to properly clean your building and property. Are you considering buying a property within a flood zone, which can effect your insurance, storm water drainage and possibly impede future growth potential? Think twice. There are many resources that can give you local weather patterns, flood patterns and insurance risk ratings, which can all tell you about the area you are thinking about buying in.

Finding the correct kind of real estate is just half the battle. Every bit of information can make a difference.

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