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You Should Get References When Hiring A Property Broker And Other Great Tips

A collection of tips on how to begin with buying or selling commercial real estate makes the perfect starting point for a beginner to emerge. This article is filled with useful tips designed for beginners who need to learn the basics of real estate transactions.

Look at the neighborhood you’re thinking about investing into, you want to check things like unemployments rates, income levels, and different rates of expansion so that you have an idea of where the neighborhood stands, and what potential it has in the future. Properties near hospitals, universities or other centers of large numbers of employees tend to sell faster and at higher-than-average values.

Use a digital camera to document the conditions. Each photograph should clearly depict the point of contention, whether that happens to be a stain, hole or other problem.

Pay Attention

As with other property purchases, pay attention to the three Ls: location, location, and location. Pay attention to the property’s surrounding area. The neighborhood’s demographics, including socioeconomic status and age of residents, influence the success of your investment. Check out the growth, both economically and physically, in the areas you’re considering. The ideal location is situated in an area that can sustain economic growth for many years to come.

If you are involved in renting commercial properties, try your best to keep them filled. Vacancies cost you money, because you have to pay for maintenance and upkeep without drawing income from them. Figure out why you have spaces that are consistently open. In some cases, you might need to do some problem-solving so that tenants will want to rent these spaces.

Visit the commercial real estate properties that you are interested in. Consider taking a professional contractor along with you as you look over the properties that you consider buying. Start the negotiations, and make the necessary preliminary proposals. Before making any commitment, you should carefully evaluate each offer and counteroffer.

Property Owner

If you are viewing more than one property, you may wish to create a checklist for each site. Take initial personal responses, but don’t go further without the property owner knowing. Don’t hesitate to tell a property owner that you’re considering other properties as well. Most property owners won’t be upset or angry; they expect you to be looking at more than one property. This may provide you with more room for negotiation.

Know how to get emergency maintenance performed on a property at a moment’s notice. Find out from your landlord who to contact for emergency repairs, such as plumbing accidents. Have the phone numbers on speed dial, and know how long it generally takes stuff to get fixed. In case a maintenance emergency should happen, you can use the information provided to lay out an emergency business and customer service plan to save your company’s reputation in case your business is interrupted.

Check any disclosures a potential real estate agent gives you carefully. Keep an eye out for dual agencies. Dual agency refers to a situation in which a real estate agent represents both the landlord and the tenant in a commercial transaction. This means the agency works for the tenant and the landlord at the same time. If there is a dual agency, everyone should be honest about it and find an agreement.

Real Estate

These tips should get you started on your way to being a successful real estate buyer. With the collection of tips in here that were constructed in order to help you build on your selling and buying skills, you can become that much more successful with commercial real estate.

Commercial Property: Tricks Of The Trade

Finding the right type of commercial property to start your business can be difficult unless you know where to look. Do some research on your own to learn about the commercial real estate market in your area.

Prior to making a large investment on a property, look at the local income, unemployment rates, and contraction of the local employers. A home that is in a great area, like next to good schools and parks, and has jobs available, will have a higher value than surrounding properties.

Record problems by taking digital pictures of them. Try to make sure that your pictures shows the defects.

Pest Control

Whether you want to rent or lease, you will have to deal with pest control. You should make inquiries regarding pest control procedures, particularly if you plan to lease somewhere that is known for insect or rodent infestations.

Consider visiting websites that contain a wealth of information beneficial to new and seasoned commercial real estate investors alike. You can’t be too informed about the subject, so try to always be seeking out new sources of knowledge.

An essential fundamental of commercial property is location, location, location. Neighborhood is important, even when you are looking at commercial property. Look at the growth in similar areas. You want to make sure that in 5 or 10 years down the road, the area is still a descent and growing area.

Engaging in a commercial transaction often takes more time, and is more difficult than simply buying a home. Yet, you should realize that the extra focus on, and length of, the process is essential in order to gain a better return on the investment.

Research your prospective brokers to see how experienced they are with the commercial market. Make sure that they are experts in the area in which you are selling or buying. Then if they meet the criteria you are looking for, you can agree to work with that broker exclusively.

Net Operating Income, the commercial metric for real estate, needs to be understood. In order to be successful, the resulting number must be positive.

Have your property inspected before you list it for sale. If they flag issues that need to be fixed, repair them before you list the property for sale.

Emergency Maintenance

You should always know how to get in touch with emergency maintenance. Ask your landlord who is in charge emergency maintenance requests for the building. Know their phone numbers and also what their likely response time is going to be. Consider how an emergency will affect your business operations, and have an emergency operating plan in place.

If the agent you are thinking of hiring for your commercial real estate transaction gives you any disclosure forms, make sure you read them carefully. Try to beware of dual agency. In this type of transaction, a real estate agency acts on behalf of both parties involved in the deal. This will mean that the agency will work with the landlord and tenant simultaneously. Real estate agents must disclose any dual agency. Both the tenant and the landlord must agree to accept dual agency.

In the previous paragraphs, you saw a variety of advice that will help you in your commercial property dealings. This advice will help you stay informed.

Straightforward Tips On Commercial Real Estate

Purchasing commercial real estate requires new strategies and a different knowledge base compared to buying residential properties. Read on for some tips and suggestions that will help you come out ahead.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Never rush into a particular investment. The property you buy in a hurry might not deliver what you need to reach your goals, leaving you to regret the purchase afterward. Be prepared to wait as much as a year for a suitable property to come available in your area.

Pest Control

If you are looking to lease or rent, the issue of pest control is a critical one to address. This is especially true when renting in an area that has a lot of bugs or rodents, so be sure to talk to the rental agent about some pest control policies.

If you are trying to choose between two good commercial properties, think big. The difficulty in securing financing doesn’t increase linearly with the size of the building you are buying. The concept here is the same as any other situation where you are purchasing multiple things. The more you purchase, the less you will pay for each unit.

When you’re trying to decide which broker you should work with, take their experience in commercial real estate into account. Make sure you know that they actually specialize within the area you plan on selling and buying. Make sure your agreement to work with that broker is exclusive.

It is important to learn and understand a metric used in commercial real estate investment called NOI or Net Operating Income. In order to be successful, you will have to make sure that you never dip into the negative.

Inspections are necessary before buying any piece of real estate. When arranging an inspection, be sure to check both credentials and reputation before hiring an inspector. A lot of people have no accreditation, especially in pest control services. Reviewing credentials will help you prevent major issues after you make the purchase.

Be careful to choose commercial properties that are solidly and simply constructed if you plan to use them as rental properties. These properties are generally top sellers because prospective tenants can see how well-built and maintained they are. This type of property will also make maintenance much easier on both you and your tenant.

When considering a piece of property, you must pay close attention to the surrounding area. Purchasing a property in a neighborhood that is filled with well-to-do potential clients will give you a lot better chance of becoming well-to-do yourself! However, if your products or services cater more to those with less funding, consider a location in a neighborhood that fits your potential clientele.

Dual Agency

If the agent you are thinking of hiring for your commercial real estate transaction gives you any disclosure forms, make sure you read them carefully. Understand the meaning of dual agency. This means the same agent will be representing the two parties. This means the agency works for the tenant and the landlord at the same time. 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.

Buying a piece of commercial property presents many challenges. Keep this advice in mind so that you may get better deals when searching for the location of your business.

Solid Advice When Trying To Invest In Commercial Real Estate

When developing your real estate investment strategy, you must formulate a clear picture of the types of commercial properties that you will pursue. You might lose a great deal of money if you make an ill-advised choice in commercial real estate property. The tips here will show you how to make the right decisions.

Be sure to negotiate on the fact of what you are, the seller or buyer. Make sure that you are heard and that you fight for a fair price for the property.

There is much more time and work involved in purchasing a commercial property rather than a residential property. Remember that the time and efforts you are investing will pay off.

When deciding between two viable commercial properties, it is best to think on a larger scale. Financing may be no more difficult for the large apartment building than the small one. You may have a better price, figured per unit, on the larger apartment complex than on the smaller one.

When you are picking a broker, make sure you know if they are experienced within the commercial real estate market. Verify they have experience in working with the type of properties you are interested in. Make sure you find an exclusive agreement that works for you and your broker.

Empty Units

Keep your rental commercial properties occupied. Remember that if you have empty units, you have to take care of them. Maintenance costs on empty units can add up. If you have more than one property without someone in it, think about why that is, and fix any problems that might be occurring.

Make sure that the commercial property has access to all utilities needed. The utilities you will need for your business go beyond electricity; you will also need water, sewer and gas, as well.

You also want to take into consideration the neighborhood that your real estate is in when you purchase commercially. For example, if you’re offering high-priced goods or services, you might want to purchase property in wealthier areas where people are likely to be able to afford to buy from you. If your business services will do better in a poor neighborhood, buy property there!

Try to decrease potential events of defaults before negotiating a lease. This will greatly lessen the likelihood that the tenant might default. You don’t want tenants defaulting on your leases.

When writing up a letter of intent, make sure to keep your offer simple and straightforward, focusing on the bigger issues at first and then figuring out those pesky, little details later. This way, negotiations will be smoother, and agreements on the small issues are more likely to be reached.

While searching through different properties, make a checklist of each tour you went on. Make sure to advise the property owners when you want to take the next step past the first proposal responses. Don’t fear telling the owners that you might be interested in other properties. This could help you score a better deal.

Dual Agency

Before hiring any real estate broker, read all of his disclosures. Make sure you understand the potential for the existence of dual agency. Dual agency refers to a situation in which a real estate agent represents both the landlord and the tenant in a commercial transaction. This means the real estate agency will work as the landlord and the tenant. 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.

You should meet with a tax adviser before you buy anything. A tax adviser can let you know how much money the buildings will cost you, and the amount of your income that will be taxable. Work together with your tax adviser to locate an area that have low taxes.

The information you just read proves that success is possible in the real estate market with common sense and hard work. Making money in the commercial real estate market is a combination of having the right info, having the right talent, and a nice helping of luck, as well. Although some people will fail in their venture, you can significantly enhance your chances of being successful if you implement the hints and tips you were given in this article.

Words Of Wisdom For Handling Your Commercial Real Estate Proceedings

Sealing a good commercial real estate deal involves a lot of time and can be very hard to pull off. But, the rewards you reap in the end make it all very worthwhile. Use these tips be successful in commercial real estate.

When you lease a commercial site it is very important to that pest control is kept up-to-date. It is a good idea to consult your rental agent for information on pest control policies, especially if the area your property is located in is known for a high population of insects and rodents.

Take some time to visit websites that are devoted to commercial real estate. These sites have lots of information for both new investors and seasoned professionals. Excessive knowledge isn’t a problem you have to worry about, so it always proves smart to learn all you can.

As you comb through possible brokers, search for those who have extensive experience in commercial markets. Make sure you know that they actually specialize within the area you plan on selling and buying. You and this broker should enter into an agreement that is exclusive.

The Net Operating Income, or NOI, is one metric you need to master for success in commercial real estate. Make sure you are staying in the black to be successful.

Don’t become greedy and over-inflate your real estate asking price. There are a lot of uncertainties which can have a huge impact on the price of your lot.

Always keep tenants, otherwise, your commercial property will end up costing you money instead of making you money. Empty commercial properties mean a building that you are having to maintain without any income being received. If you have several properties open, you should ask yourself why, and attempt to correct the issues that may be driving out your tenants.

Write an easy-to-understand letter of intent, focusing on the biggest issues. You can worry about the little things later on. This make negotiations less contentious, as coming to agreement on minor issues is naturally easier than agreeing on the big stuff.

Dual Agency

When hiring a real estate agent, read the disclosures completely before signing a contract with a realtor. There is a possibility of a condition called dual agency. Dual agency means the real estate company is representing both the seller and the buyer in a property 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.

Consider all of the tax benefits when planning on commercial property investment. For example, commercial real estate investments garner you deductions for interest on top of your benefits for depreciation. Sometimes an investor will get a bit of money that is taxed even though it is not received. You need to know this kind of income prior to investing.

As previously mentioned, commercial real estate is a market with a huge potential for profit. You will be able to avoid common mistakes and make good decisions if you apply these tips.

Commercial Real Estate Doesn’t Have To Be Hard, Try These Easy Tips

Commercial real estate can be difficult and time consuming. The rewards can outweigh its costs though. The advice in the following article will help you get the most from your investment.

Whether you are buying or selling, don’t shy away from negotiation. Be sure that your voice is heard so that you can get yourself a fair price on the property you are dealing with.

Pest Control

If you are renting or leasing, be sure to know about pest control arrangements. This is especially true when renting in an area that has a lot of bugs or rodents, so be sure to talk to the rental agent about some pest control policies.

Be prepared to put a large amount of time into a real estate investment right from the start. Not only will you have to search out the right property, you’ll likely have to make repairs or renovations to it after the purchase. Do not cut corners on this process, just because it might take up a lot of time. Once you get the property ready, you will be compensated for years to come.

As you comb through possible brokers, search for those who have extensive experience in commercial markets. Make sure they are specializing in the desired area that you’re selling or buying in. You need to get into a type of exclusive agreement with your broker.

List your real estate at a realistic price. There are many things that can impact your value greatly.

Commercial Properties

If you are involved in renting commercial properties, try your best to keep them filled. Empty commercial properties mean a building that you are having to maintain without any income being received. If you have many open properties, then you need to reevaluate why that is the case, and try to remedy any outstanding problems which have caused your tenants to leave.

Prior to listing your property for sale, you should first hire a reputable, professional inspector to go over the place. If the inspections turn up any problems, remediate them before listing the property for sale.

You should go ahead and advertise any commercial property for both far and local people. Many people target their advertising to local buyers only, thinking that those buyers are their market. In fact, the interest level can expand far beyond the local scene as private investors expand their interest. These investors are searching for affordable property and may be interested in yours.

Identify any necessary improvements before you sign on a new space. It may simply be cosmetic issues that need addressing, such as a fresh coat of paint or some furniture rearrangement. However, in other cases, reconfiguration of the walls will be required. Negotiate in advance who pays for these improvements or try to get the landlord to pay for at least a portion of the costs.

Real Estate

When searching for a real estate agent, keep their disclosures in mind so you know who they are working for. One thing you should specifically watch out for is dual agency. Dual agency in real estate is when the agency works for both parties. This means the broker represents you and the landlord during the transaction. When it comes to dual agencies, both parties should actually agree to it and it should be disclosed.

Borrowers are required to order the appraisal in commercial loans. There is a good chance that the bank may not validate it otherwise. Therefore, to protect yourself and keep your commercial loan on track, order the appraisal yourself.

As previously mentioned, purchasing commercial real estate can be very profitable. Pay close attention to the advice presented in this article to circumvent potential problems, and build a successful career in commercial real estate.

Tips To Make Your Commercial Real Estate Transaction Process Smoothly

You may find that commercial property is a more lucrative investment than residential property. Sometimes it can be difficult to find the appropriate opportunities. Thus, read on to learn how to understand the profit potential of any piece of commercial property and how to make wise investment decisions.

Regardless of whether you are buying or selling the property, it is in your best interest to negotiate. Ensure that your opinion is known, and wrangle for the best price you can get on the property.

Real Estate

Don’t be led by hype and fads when searching for commercial real estate. Don’t invest in a hurry. You might regret it if you are not satisfied with your real estate goals. You should be prepared to wait an entire year before a worthy investment becomes available to you.

Whenever you are considering a commercial lease, you need to think about pest control. It is a good idea to consult your rental agent for information on pest control policies, especially if the area your property is located in is known for a high population of insects and rodents.

Real Estate

The Internet contains a lot of information for those interested in investing in real estate, whether they be experienced investors or novices. You can never know too much when it comes to commercial real estate, so never stop looking for ways to obtain more information!

Location, location, location is important to consider. Pay attention to the property’s surrounding area. The neighborhood’s demographics, including socioeconomic status and age of residents, influence the success of your investment. Look at the growth in similar areas. Make sure that the area will still be nice and growing in several years.

Be prepared to put a large amount of time into a real estate investment right from the start. You have to look around for the right chance, and you might need to do some improvements on the property once you purchase it. Don’t let the amount time you need to put in during this phase discourage you. Your rewards are down the road, and they are worth it.

When choosing a broker, ask about their experience specifically in the commercial real estate market. Choose one that specializes in your area of interest. With that broker, you also want to enter into exclusive agreements.

Less Wealthy

The neighborhood where the property is located is very important. If you purchase it in a more affluent neighborhood chances are your business will be more successful, because the pockets of your potential clientele are a bit deeper. However, if you’re offering services that less wealthy people may be more interested in, you probably want to purchase property in a less wealthy area.

Get your commercial property inspected before you try to sell it. If the inspector finds any problems, you should attend to them promptly.

Before you begin searching the market for a new property, outline what you need. Write down everything you need in a commercial property, such as number of conference rooms, offices, restrooms and how much square footage.

Dual Agency

Read the disclosures of the real estate agent you are planning to hire. Try to beware of dual agency. Dual agency refers to a situation in which a real estate agent represents both the landlord and the tenant in a commercial transaction. In other words, the agency is working for both tenant and landlord simultaneously. It should be disclosed if there’s a dual agency, along with an agreement by both parties.

You now have a clear understanding of what it takes to work with commercial real estate. Stay flexible and be ready to think on your feet as you navigate the ever-changing commercial real estate market. Doing this will allow you to quickly take advantage of opportunities as they present themselves while others may not be able to. Always be prepared to jump on a profitable deal.

Top Ideas To Consider Before Your Next Commercial Real Estate Venture

Locating the perfect spot to operate your new business may be challenging, unless you know what you are looking for. Read over the tips in this article to get the information you need.

Whether you’re buying or selling commercial real estate, make sure to negotiate. Ensure that your opinion is known, and wrangle for the best price you can get on the property.

Buying commercial property takes more time, and the process is far more labyrinthine, than buying a house. Know that the duration and intensity is essential to getting a higher return on the investment you made.

In the beginning, you may find it necessary to spend a great deal of time handling your investment. It will take time to find a lucrative opportunity, and after purchasing a property, it may need repairs or remodeling. Do not let the lengthy nature of the process discourage you. You may need to spend some time researching before buying your commercial real estate purchase, but it will pay off in the end.

Ensure that the amount of money you want for your commercial property makes sense, given local market conditions. There are a lot of factors that determine the value of the lot.

Be careful to choose commercial properties that are solidly and simply constructed if you plan to use them as rental properties. These properties are generally top sellers because prospective tenants can see how well-built and maintained they are. Buildings like these are also easier to maintain, for both owners and tenants, since repairs are going to be required less frequently.

One of the biggest considerations in the process of attaining commercial property is to know the neighborhood of each and every prospective location. For example, if you’re offering high-priced goods or services, you might want to purchase property in wealthier areas where people are likely to be able to afford to buy from you. Yet, if you have a business that might thrive in a neighborhood where the not so well-off would opt to go to your business, then maybe that kind of neighborhood is for you.

Before placing your commercial property on the market, you should take the time to have it inspected by a professional inspector. If they flag issues that need to be fixed, repair them before you list the property for sale.

Take a look around properties you are interested in. Consider going with a contractor when you are looking at places you want to buy. Use what you see in these tours to determine a fair opening offer. Think long and hard about the counteroffer before deciding to accept or decline.

Make sure you know exactly what requirements you need to satisfy before you begin your search for commercial real estate. Make a list of the property features most important for you, such as square footage, number of offices, conference rooms, and restrooms.

Dual Agency

Read the disclosures when you’re ready to hire a real estate agent. Some agents work for a dual agency. In a dual agency the Realtor represents both parties of the transaction. Dual agency occurs when the landlord and the tenant hire the same agent. 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.

This article discussed useful methods that you should keep in mind when you are going to buy or sell commercial property. Look for more resources and make sure you use what you learn.

Commercial Real Estate Tips That Every Buyer And Seller Should Know

Commercial real estate has been a successful endeavor for many people. It’s not a simple matter of learning a formula; you have to work at it. You need to know how the market works, have experience in the market, and have the drive to succeed. To help you learn more about what it takes to run a successful commercial real estate business, read the suggestions here.

Whether you’re buying or selling commercial real estate, make sure to negotiate. Make your voice heard and strive for fair market value pricing.

You should take numerous, high-quality photographs of the property. Ensure that the photos document any problems, including mold, damaged walls, or chipped fixtures.

Before you consider leasing or renting, look into whether or not pest control is covered in the lease. Look over your rental or lease agreement, and know if you are covered, especially if you live in an area with known infestations.

Real Estate

Take some time to visit websites that are devoted to commercial real estate. These sites have lots of information for both new investors and seasoned professionals. You can never overdose on knowledge. Learn everything you can about real estate.

When purchasing any type of commercial property, pay close attention to the location of the real estate. Consider the neighborhood of the property. Look at similar neighborhoods to determine the likely growth trends over time for your property’s neighborhood. Make sure that the area will still be nice and growing in several years.

Be prepared to put a large amount of time into a real estate investment right from the start. First you will need to find a property that you think is worth purchasing, and you may have to remodel or repair it. Do not become discouraged due to the time-consuming nature of this process. The investment will be repaid as time goes on.

Think larger when you’re thinking about two commercial properties that are viable. Getting the proper financing is going to the same hassle for a retail building with ten outlets as it would be for a retail property with twenty or even thirty units. You may have a better price, figured per unit, on the larger apartment complex than on the smaller one.

Find out more about net operating income. In order to be successful, you will have to make sure that you never dip into the negative.

With the commercial property, you need to make sure there is easy access to the utilities. Your particular business might need additional services, such as cable, but at the minimum there should probably be sewer, water, phone, electric and gas.

Keep your focus on the largest issues when writing your letters of intent. Keep it simple and save the smaller issues for later in the negations. Doing it this way will allow the negotiations to be less intense and get them to agree faster.

Dual Agency

Check all disclosures of the chosen real estate agent that you wish to work with. It is important that you realize that you may be entering a dual agency transaction. This means the same agent will be representing the two parties. In other words, the agency represents the landlord and the tenant simultaneously. It should be disclosed if there’s a dual agency, along with an agreement by both parties.

As long as you are willing to put forth the effort, it is possible to become very successful in the industry. Try to use these suggestions for your business. Try to educate yourself at all times. As your experience grows over time, so will your success.

Tips To Help You With Commercial Real Estate

Although industrial and commercial properties are constantly appearing on the market, they don’t get preferential market listings the same way regular homes do. You need to know how to navigate the often complex market. Start by reading this article.

Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. If the building is near certain specific buildings, including hospitals, universities, or large companies, you might be able to sell it faster and for more money.

You should take digital photos of the condition. Be sure the photos capture any defects that exist in the unit, such as holes in the wall, and damaged or dirty carpets.

Location, location, location is important to consider. Consider the neighborhood of the property. Look at similar neighborhoods to determine the likely growth trends over time for your property’s neighborhood. The ideal location is situated in an area that can sustain economic growth for many years to come.

Commercial Property

Do not hire a broker without finding out more about their past experience within commercial property. Look for brokers who specialize in the type of commercial property that you’re purchasing or selling. Sign an exclusive agreement once you’ve found a broker you want to work with.

Net Operating Income, or NOI, is one of the most important metrics used in commercial real estate. You must understand what it means, and how it’s used. As long as you get positive numbers, you will be successful.

If you have the intention of offering your commercial real estate for rent, look for buildings that are simple and solid in construction. Rental spaces that appear sturdy and well-maintained tend to attract tenants more quickly. Such buildings also usually need fewer repairs, which is an advantage for the tenants, as well as the landlord.

Make sure that the commercial property has access to all utilities needed. Every business’ needs are different, but at a minimum, most businesses will need power, sewer and water services.

If you are negotiating a commercial lease, make sure nothing can be considered as events of default. Decreasing these will prevent tenants from performing a default on the lease after your negotiations. Once a default happens, you’ll be in big trouble!

Make sure that the advertisements for your commercial real estate reach both local and non-local audiences. A lot of sellers fall into the misconception that only the local buyers are interested parties in potential purchase. Many private investors are interested in cheap or affordable properties in other areas of the country or world.

When you are comparing different properties, get tour site checklists. Don’t go any further than 1st round proposal responses, unless you let the owners of the property know. You may want to offhandedly let the owners know that theirs is only one of a few properties in which you are currently interested. The information may help you to negotiate more favorable terms on your deal.

Plan on doing some improvements to your new commercial space before you can inhabit it. Cosmetic changes like painting walls and rearranging furniture might be needed. Many times, changes include reconfiguring the floor plan by moving walls. Plan on negotiations with the owner of the property to see if all, or part, of the costs can be covered by said owner.

Real Estate

Ensure your legal and financial safety by thoroughly examining the disclosures of a potential real estate agent. It is important that you realize that you may be entering a dual agency transaction. Dual agency in real estate is when the agency works for both parties. This will mean that the agency will work with the landlord and tenant simultaneously. Dual agencies require full disclosure and must be agreed upon by both parties.

When you are pursuing an investment in commercial real estate, finding the right type is only the start of the process. Just a little information can go a long way.