Commercial Business Real Estate with Professional Agent

Commercial Business Real Estate with Professional Agent selling their property by owner will save them the commission expense. Unfortunately, selling your commercial property by owner may not get you the highest possible purchase price because you are limiting the ways in which you can market your property. Many property owners selling by owner may place a “For Sale” sign on their property and list it on a few online listing services. But had they listed it with an agent, the owner could have taken advantage of the number of other paid listing services only agents have access to as well as organizations real estate agents have memberships, giving them contacts that increase the commercial property owners possibility of a sale. When your commercial property has more exposure, it will not only sell faster but has a better chance of selling for a higher price. Another benefit of hiring an agent is that they field phone calls from potential buyers who may or may not be qualified to buy your commercial property. Real Estate agents can screen pre-qualified buyers and market your property. Agents are also a great buffer during the due diligence period and the time leading up to closing. They ease the burden on the commercial property owner by communicating on their behalf with the purchaser, lender, title company and attorney. Continue reading…

Best Business Professional Real Estate Property Management

Best Business Professional Real Estate Property Management very important to do your due diligence when it comes to what price you’re going to advertise your property for. Price it too low and you’re going to loose out on extra rental income, too high and you might never schedule a showing of the property. Rent price is dependent on a number of factors including, the economy, whether people are buying versus renting, if local companies are hiring and moving people to the area, what current comparable listings you are competing with, and what prices have been obtained recently. For a list of comparable rent prices and average days on market it’s best to consult a local Realtor. In Northern Virginia be sure to research comps from NVAR’s metropolitan regional information system. Clean and prep your rental property. First impressions can mean everything. If your rental property does not show well this can be devastating. You can be in the best area, across from a metro station, and with tons of companies hiring just around the corner, but if the walls are marked with crayon and you can’t pinpoint that certain smell (the not good one) then you’re likely not going to find a tenant. A reliable cleaning company in Northern Virginia is Maid Perfect. Continue reading…

Great Type and Concept Real Estate Investment Properties

Great Type and Concept Real Estate Investment Properties Many investors are offering creative finance strategies to attract buyers who cannot qualify for bank financing. Popular financing options include lease purchase option agreements and seller carry back mortgages. Commercial real estate includes a wide mix of properties such as condominium and apartment complexes, retail shops, warehouses, and office buildings. Investors often partner with other investors or investment groups when purchasing commercial property in order to cover the costs and management duties required to maintain investment properties. Commercial property has the potential to generate substantial profits as long as investors evaluate market conditions. Investors may be entitled to tax incentives when commercial investments bring employment opportunities to the area or when properties are upgraded using energy-efficient technology such as solar panels or other forms of green energy. Investors often seek out bank owned foreclosure properties because this type of realty is usually priced well below market value. Bank owned realty encompasses all types of properties and can range from mobile homes to swanky high-rise apartments and industrial parks to golf courses. Continue reading…