Commercial real estate purchasing differs from purchasing a house. Read on for a few suggestions and tips that could help you get a great deal.

Use of a digital camera is a simple and effective strategy. Each photograph should clearly depict the point of contention, whether that happens to be a stain, hole or other problem.

When you are picking between commercial properties, think big! It’s just as difficult to obtain adequate financing for a 10 unit apartment complex as it is for a 20 unit building. This works in the same way as buying bulk items from Costco. You buy large numbers of items to pay less per item.

Commercial Real Estate

When you are choosing real estate brokers, you should find out the brokers’ experience level in commercial real estate. Look for brokers who specialize in commercial real estate. At that point, you might want to consider entering into an exclusive listing with that agent.

You must absolutely confirm that your real estate’s asking price is realistic. The value of your property is determined by an entire series of different factors.

Before you talk about a lease in commercial real estate, make sure to lower anything that might be thought of as events of default, wherever possible. Decreasing these will prevent tenants from performing a default on the lease after your negotiations. This type of situation is considered very undesirable.

A letter of intent should be kept simple by focusing on larger issues and leaving smaller issues to negotiate later. This make negotiations less contentious, as coming to agreement on minor issues is naturally easier than agreeing on the big stuff.

Different commercial brokers represent different parties. 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 significantly better from hiring the services of a broker working with tenants exclusively, as he has significantly more experience representing tenants successfully.

Dual Agency

Ensure your legal and financial safety by thoroughly examining the disclosures of a potential real estate agent. Remember that dual agency is also an option. Dual agency is when a real estate agency is responsible for the representation of both parties involved in a transaction. In other words, an agency simultaneously provides services to both the landlord and tenant. Dual agency must be disclosed by both parties and they need to agree to it.

As you can see, there are a lot of things to consider when shopping for commercial real estate. Have the tips in this article in your mind so that you can make sure you receive a good deal, which is exactly what is needed for housing a business.