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Commercial Property – Need To Know

Locating the perfect spot to operate your new business may be challenging, unless you know what you are looking for. The following article will help you find your way through your commercial real estate endeavor.

Before you invest heavily in a piece of property, investigate the economics of the neighborhood such as unemployment rates, income levels and local businesses. 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.

Use your digital camera to take photographs of every room from all angles. Each photograph should clearly depict the point of contention, whether that happens to be a stain, hole or other problem.

Be patient and calm while you navigate purchasing commercial real estate. Don’t enter into a commercial venture hastily. You could end up finding that the property falls short of your total goals, making it a regretful purchase. Be prepared to wait as much as a year for a suitable property to come available in your area.

Transactions for commercial property take more time, and are a lot more complex, than the process of buying a home. Keep in mind, though, that the complexity is required to ensure that your real estate investment gives you a high return.

In the beginning, a great deal of time might be required to spend on your investment. Good opportunities can be found if you look, and after you have made a purchase, the property may require repairs or remodeling. Don’t abandon you commercial real estate venture because it currently consumes so much of your time. The rewards you see will be much greater at a later time.

When you are picking between commercial properties, think big! 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. This is generally like buying something in bulk, the more you buy, the less it is is per unit.

Learn to understand the commercial real estate metric called Net Operating Income (NOI). To be successful, you must stay profitable.

If you’d like to rent out the properties you purchase, it’s best to buy a simple building with solid construction. Tenants will be more likely to rent space in this type of building, as it looks taken care of. These properties are also more cost effective for you and your tenants due to the fact that they only require minimal upkeep and repairs.

Advertise commercial property both to local and distant buyers. Many sellers mistakenly presume that their property will appeal only to local buyers. There are many investors who are interested in financing properties which are outside their area as long as they are a great deal.

Take tours of properties with purchase potential. You can even take a contractor with you to provide expert advice. Put forth your initial proposals, then open the table for negotiations. Before making any commitment, you should carefully evaluate each offer and counteroffer.

Real Estate

Before hiring any real estate broker, read all of his disclosures. Remember that dual agency is also an option. Dual agency in real estate is when the agency works for both parties. The real estate agency will represent both the seller and the buyer. If there is a dual agency, everyone should be honest about it and find an agreement.

All these tips are useful when it comes to selling or purchasing commercial property. The information in this article will help you set up strategies for staying on top of all the information you need to monitor and hopefully help you avoid those costly mistakes.

Great Advice For The Commercial Real Estate Market

Don’t neglect to dot even one i or cross even one t when making a commercial real estate transaction. No matter how easy you think it is, you may miss out on something you did not think about. The following paragraphs are filled with insights about commercial real estate that will open your eyes.

Examine socioeconomic conditions in the neighborhood you’re thinking of purchasing commercial real estate in. Pay special attention to the unemployment rate, and the average income level in your property’s neighborhood. If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, at a higher value.

When entering the commercial real estate market, patience is perhaps your best ally. You should never rush into a possible investment. You will be full of regrets if you are stuck with a property that is not what you expected. Be patient, as it could take as long as a year for just the right investment property to turn up.

If you have to choose between two different properties, consider the benefits of opting for the larger amount of space. Financing may be no more difficult for the large apartment building than the small one. This is generally like buying something in bulk, the more you buy, the less it is is per unit.

Real Estate

When you are choosing real estate brokers, you should find out the brokers’ experience level in commercial real estate. Look for someone who knows the area you are interested in. You need to get into a type of exclusive agreement with your broker.

Always have an inspector look over your commercial property before you put it out on the market. Listen carefully to the inspector’s report so that you can immediately repair any problems.

Before making a commitment, you should request tours of any potential properties. Even better, have someone who knows commercial real estate tour the properties with you. Make a proposal early, and get into the beginning stages of negotiation. Closely review any counteroffers you receive prior to making a final decision. Remember the decision is an important one, so take your time.

Keep letters of intent simple by tackling large issues before sweating the small stuff. The initial negotiations will be less tense and the smaller issues will seem less important later.

Dual Agency

Read the fine print about your real estate agent. Understand the meaning 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 represents the landlord and the tenant simultaneously. Dual agency must be disclosed by both parties and they need to agree to it.

If you are taking out a commercial loan, you must pay for the appraisal yourself. There is a good chance that the bank may not validate it otherwise. Order it yourself to cover your bases.

It is prudent to consult a tax specialist before purchasing real estate. They’ll be able to discuss the long-term cost of the building, and what the tax rate for owning the building will be. If you don’t want to pay high income taxes, your adviser can suggest some areas of the country to focus on where the tax rates are lower.

Ask your broker to explain the methods he uses to negotiate deals before hiring him. Ask about their training and experience. You also want to know they are ethical in their approach to finding the best deals. Ask them to show you examples of past negotiations, both successful and unsuccessful.

Do not ever think you know everything about purchasing commercial properties. Always seek out new information, and use the tips provided here to help you gain a much stronger market position. You will benefit from using wisely what you have just learned.

Commercial Real Estate Advice For Successful Sales And Buying

Industrial property and other commercial properties are going up on the market all the time, but this type of property does not get preferential listings like regular homes. You need to know how to search to find commercial properties, and this article can provide you with the best way to do this.

Real Estate

Do some research on the internet to learn more about real estate and investing, whether you have a lot of experience already or are completely green on the matter. You can never know too much when it comes to commercial real estate, so never stop looking for ways to obtain more information!

Purchasing commercial real estate is a much more lengthy and complicated process than that of buying a home. However, all of this is required because it facilitates higher returns on your investments.

You might have to spend a lot of time on your investment at first. Hunting for the opportune property will take time and effort, and even after you have purchased it, upgrades and reconditioning might be necessary. Don’t throw in the towel due to the massive hours needed. Later, you’ll be rewarded for the time and money you have invested.

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. In order to be successful, the resulting number must be positive.

When you are looking at a commercial property, be sure to look at the neighborhood, too. Buying property in an affluent neighborhood is likely to mean that any business which opens there will be successful thanks to having a clientele with a large disposable income. However, if your products or services correspond to a specific social category, make sure you find a property in an area that corresponds to your target audience.

If you are considering leasing a property to someone else, then cover all your bases to reduce the risk of a default. This will lessen the possibility of a lease default by your tenant. You definitely don’t want this to occur.

Both local and non-local advertising of your commercial real estate property will be beneficial to you. Too many sellers assume that their property is likely to only sell to someone local. This is a way of thinking you should avoid. In many cases, a private investor will be interested in a property even if it’s not in their area, so long as its price is a good one.

Plan on doing some improvements to your new commercial space before you can inhabit it. It could be something simple, such as paining walls, rearranging appliances or furniture or hanging things. In many cases, it may be necessary to move walls or rearrange a floor plan. Remind the landlord that these improvements are necessary, and use them to negotiate a lower deposit or reduced rent.

Dual Agency

Always go through the disclosures of an agent before hiring him or her. Remember that a dual agency could occur. What this means is that your chosen agency has an interest in buying and selling the property. In other words, an agency simultaneously provides services to both the landlord and 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.

There are many thing that need to be taken into consideration when purchasing a piece of commercial property, location is just the beginning. Just a little information can go a long way.

Do You Know Anything About Commercial Real Estate? Learn About It Here.

Define the type of commercial property you are interested in before beginning your search. If you don’t choose correctly, you could lose instead of gain money. The advice in this article will assist you in making better and more informed decisions regarding the purchase of commercial real estate.

You should negotiate if you are the seller or the buyer. Fight for the best price possible and make sure that all parties involved listen to you.

Pest Control

Bugs and rodents are always looking to ruin your property, so factor pest control into your business strategy when renting commercial property. If you are renting in an area that is known to have a lot of rodents, pests, or bugs, then ask your agent what the policies on pest control are.

The location of your commercial property is key to its value and its potential suitability for what you have in mind. Find out more about the neighborhood. Check out the growth, both economically and physically, in the areas you’re considering. The area you buy in needs to have potential over the next 5 to 10 years.

If you have two commercial properties on your short list, you should buy the larger one, if at all possible. Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. However, buying several units will cause the price of an individual unit to decrease.

Make sure that you know and understand what “NOI” (Net Operating Income) is. To succeed, have positive numbers.

When selling a property, you should make certain that whatever price you set is realistic. Market conditions can vary greatly; therefore, an appraisal may not be the best indicator of true market value.

If you desire to rent out commercial real estate, then you need to find solidly yet simply constructed buildings. Tenants will be eager to fill these spaces because it will be clear that they are well-maintained. Investing in good buildings will save you money on repairs later.

Do your best to have your properties occupied at all times. Vacancies cost you money, because you have to pay for maintenance and upkeep without drawing income from them. If you’re struggling to keep your properties rented, you should consider why that is, and try and fix anything that might be scaring away prospective tenants.

Bigger Issues

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 lets you get the bigger issues out of the way first and makes small issues simpler to complete.

If you are touring several properties, be sure to utilize a checklist to make things easier for you. Whilst you can take the first proposal responses, make sure that you don’t go any further without first informing the property owners of your plans. You may want to offhandedly let the owners know that theirs is only one of a few properties in which you are currently interested. This may ensure that you get a much more viable deal.

If you are thinking about hiring any real estate professional, read over all their disclosures. Look for any disclosures regarding dual agency. Your real estate agency will represent each side of the transaction. The real estate agency will represent both the seller and the buyer. Dual agency must be disclosed by both parties and they need to agree to it.

As the article you have just read illustrates, success in the commercial real estate market is indeed possible with the right knowledge and assistance. The key to success lies in learning and developing the required skills and as will most investments, an element of luck is involved. Of course, not everyone can succeed at commercial real estate investment, but following our tips will certainly increase your chances!

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

Before entering into any sort of buying or selling transaction, you must first ensure that everything has been addressed. No matter how comfortable you feel with any area in commercial real estate, there is always the possibility that you are missing key information that could be vital. This article can shed more light on this subject.

Use a digital camera to document the conditions. Make sure your pictures clearly show any damage or defects, including carpet stains, holes in the walls or discoloration of plumbing and counter tops.

Whether you want to rent or lease, you will have to deal with pest control. Look over your rental or lease agreement, and know if you are covered, especially if you live in an area with known infestations.

Commercial transactions are more complex, involved, and time-consuming than actually buying a home. Keep in mind, though, that the complexity is required to ensure that your real estate investment gives you a high return.

Unit Building

If you are trying to choose between two desirable commercial purchases, the larger one may be the better choice. Getting the financing you need is going to be complicated whether you choose a five-unit building or a fifty-unit building. This just reflects the general advantage of buying anything in bulk; when you buy a property with more units, you get a lower average price for each one.

Learn to set realistic prices by observing the market. Different variables can have an impact of the value of a lot.

If you desire commercial property for rental purposes, locate buildings that are simply yet solidly constructed. Tenants will be attracted to these spots because they are maintained well. Because these properties are in great condition, the property owners and the occupants will have a simpler time with basic maintenance service.

Consider the surrounding area when you buy a piece of commercial real estate. Purchasing in an affluent area may help your business to be more successful, since the potential clients may have deeper pockets. If the products and services you offer are more middle class or less affluent, then purchase in an area where there are more buyers suited to your business.

Take a tour of any property that you are interested in. Think about having a contractor as a companion to help evaluate the property. Submit a first offer and solicit counteroffers. Before making any sort of decision after a counter offer, evaluate it once and then evaluate it again.

Determine your business goals before you start your hunt for commercial property. You should write a list of which features are most important to you. For example, do you need a specific number of restrooms, a specific amount of square footage, or a conference room?

Commercial real estate agents come in different types. For example, some brokers represent landlords as well as tenants, while others only work with tenants. If you are a tenant, you may be much better off by using a broker who only works with tenants as they have a lot more experience with successful tenant representation.

Dual Agency

When hiring a real estate agent, read the disclosures completely before signing a contract with a realtor. Understand the meaning of dual agency. When dual agency exists, the agency advocates for both parties in the transaction. This will mean that the agency will work with the landlord and tenant simultaneously. 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.

Just focus on one specific investment and narrow your time to that if you’re new to investing. Choose one property type you would like to start with and give it your undivided attention. By concentrating solely on one type of investment, you can do your best instead of just being average.

It would be a mistake to assume that you already know all there is to know about the commercial real estate field. Always seek out new information, and use the tips provided here to help you gain a much stronger market position. Use your intelligence, as well as the information you just learned, so that you can make money.

Need Help Learning About Commercial Real Estate? Read These Tips

Getting involved in commercial real estate means going through a door that swings both ways. You can earn a lot of money through real estate investments, but you can also lose your investment and end up in a worse position than you started in. You not only need to choose your properties wisely, but also your funding sources. The following article will tell you all you need to know about commercial real estate.

Whether buying or selling, negotiate. Protect your interests by standing up for yourself regardless of who is on the other side of the table. Negotiate a fair price rather than accepting one that is too high or too low.

Prior to making a large investment on a property, look at the local income, unemployment rates, and contraction of the local employers. If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, at a higher value.

Bring your digital camera along, and use it. Make certain your photos highlight specific defects such as carpet spots, wall holes and bathroom discolorations.

Compared with buying a home, purchasing commercial real estate requires more time, money and paperwork. But, you should realize that the nature of such deals is critical to maximizing the profit potential of a prospective property.

Make sure that the broker you decide to work with has experience in the commercial market. Verify they have experience in working with the type of properties you are interested in. Once you find the broker you want to use, sign an exclusive agreement.

Before buying a commercial property, research its net operating income to make sure you don’t lose money. In order to be successful, the resulting number must be positive.

When selling a piece of commercial property, it is wise to ensure that you ask a realistic price. There are a lot of factors that determine the value of the lot.

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. Pest removal companies should be closely checked because many non-professionals do this work. This can help you avoid headaches after the sale.

Check a commercial property for access to electricity and other utilities; make sure there is good access. In addition to any needs specific to the business, you will surely need to have gas, electricity, sewer and water services, and so on.

If you are negotiating a commercial lease, make sure nothing can be considered as events of default. Your tenant will be less likely to default on the lease if you do this. This is one thing you don’t want to happen.

Dual Agency

Check all disclosures of the chosen real estate agent that you wish to work with. Understand the meaning of dual agency. Dual agency is when a real estate agency is responsible for the representation of both parties involved in a transaction. In other words, the agency represents the landlord and the tenant simultaneously. An agent should always disclose dual agency, and it must be acceptable to both parties.

If you are just starting out as an investor, you would be well-advised to work on just one investment deal at a time. Pick out a single property type that you would enjoy starting with and only pay attention to it. You want to be an ace investor in one property type rather than just OK at many different types.

Again, commercial real estate investment isn’t a get-rich-quick scheme. You will be successful if you invest money, time and efforts. Even after all that, it’s still possible to lose financially.

Commercial Property: Tricks Of The Trade

There are many reasons why you should consider investing in commercial real estate. However, all of those motivations should be your choice based on your existing knowledge. When you glean knowledge from various sources, you can make a lot of money using commercial real estate. The tips below are a great start for finding out more information on commercial real estate or just add to what you may already know.

Prior to making a large investment on a property, look at the local income, unemployment rates, and contraction of the local employers. For example, buying a home near a large employment center, such as a university or hospital, will lead to a higher value and faster sale down the road.

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

Calm and patience are both sound practices when you are searching for commercial property. Don’t jump into any investment without doing your research. You may soon regret it when the property does not fulfill your goals. Realistically, it can take upwards of a year to find the right investment in your local market.

Pest Control

When renting or leasing property, be sure to set up some form of pest control. Especially when you rent in an area known to be infested by bugs or rodents, ask your rental agent about pest control policies.

Location is just as important with commercial real estate as it is with residential properties. Pay attention to the property’s surrounding neighborhood. Also, keep growth in mind. Since you will likely still own the property in ten years, you want it to be located in an area that is likewise still desirable in ten years.

Commercial Property

Buying commercial property takes more time, and the process is far more labyrinthine, than buying a house. Although commercial property purchases take longer you will normally receive a higher return on the investment.

You should learn how to calculate the (NOI) Net Operating Income of your commercial property. To be a success, you need to be able to stay on the positive number side.

List your real estate at a realistic price. A wide variety of factors exist that influence how valuable your lot actually is.

You may have to make some repairs or improvements to your property before you can move in. In some cases, all that is required are simple changes like moving the furniture around or giving the walls a new coat of paint. Other changes may be more significant, such as moving walls or installing new doors. Be sure to negotiate who is responsible for these changes ahead of time so that you do not have to pay for the full cost.

Dual Agency

Before paying any agent, check his or her disclosures; these can tell you a great deal about the agent’s character and ability. One thing you should specifically watch out for is dual agency. Dual agency is when a real estate agency is responsible for the representation of both parties involved in a transaction. This will mean that the agency will work with the landlord and tenant simultaneously. When it comes to dual agencies, both parties should actually agree to it and it should be disclosed.

As stated earlier, there are a lot of exceptional reasons to look into commercial real estate investments, but being knowledgeable on the opportunities is important. The tactics presented here provide a groundwork of information that you can use to break into the commercial real estate investing scene.

Commercial Real Estate Is Easier To Manage Than You Think!

It is not as hard as you think it is to get started in commercial real estate. Learn some basic information before attempting to buy property. The advice in this article will teach you some basic techniques that will help you succeed in your investment.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Do not rush into investments, or make decisions impulsively. You could end up finding that the property falls short of your total goals, making it a regretful purchase. It may take a year for your needed investment to come about in the market.

Whenever you are considering a commercial lease, you need to think about pest control. Talk about pest control with your agent if the area is known for rodents and bugs.

Commercial transactions are more complex, involved, and time-consuming than actually buying a home. The duration and intensity is necessary if your investment is to yield a high return.

When you are picking between commercial properties, think big! Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. 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 picking a broker, make sure you know if they are experienced within the commercial real estate market. Look for brokers who specialize in commercial real estate. Also, consider entering into an agreement that will be exclusive between you and that broker.

When starting out in commercial real estate, it is important you understand the measurement labeled Net Operating Income, or NOI for short. Having positive numbers is the only way to ensure success.

For a commercial property you plan to rent out, make sure it is a solid construction with a simple design. Tenants will be eager to fill these spaces because it will be clear that they are well-maintained. These buildings also provide much easier maintenance for both the tenants and the owner, as they are less likely to require repairs.

Confirm that basic utility services are already situated at the commercial property. Your business is sure to have unique utility requirements, but services typically required by most include sewage, water, power, telecommunications and maybe even natural gas.

Advertise commercial property both to local and distant buyers. Many people think that investors who don’t live in their city will have no interest in their property, but this is untrue. There are many private investors who would purchase property outside of their local area if the price is right.

Before you begin seeking commercial real estate property, be sure to identify your requirements. Draw up a list including all the features your ideal property should have, such as property size and location, or the total number of restrooms, offices, etc.

Dual Agency

Before hiring any real estate broker, read all of his disclosures. Never neglect the fact that you may be dealing with a “dual agency.” Dual agency means the real estate company is representing both the seller and the buyer in a property transaction. Dual agency occurs when the landlord and the tenant hire the same agent. Dual agency is something that should always get disclosure, and both parties involved should be in agreement with it.

As stated initially in this article, you must have a lot of information prior to committing to a venture in commercial real estate. Now that you have read this article, however, lack of information should not be a problem, so get out there and start investing.

Advice About Buying Or Selling Commercial Real Estate

It really isn’t that hard to get started when it comes to the market of commercial real estate. You need to have a basic knowledge base in place before you start to do anything involving investing in actual property. The following tips and tricks will give you the best and most profitable experience.

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.

Record problems by taking digital pictures of them. Take pictures of the damages, for instance spots and stains, holes or even discoloration on the bathtub.

When diving into the world of commercial real estate, it is important to stay calm and be patient. Don’t jump into any investment without doing your research. You’ll regret it quickly if your lack of research results in a property without much re-sale value. It could take you twelve months or longer to get the deal that fits you perfectly.

Location is essential to the commercial real estate. Think about the type of neighborhood the property is in. Compare the growth of the property’s neighborhood to similar neighborhoods around the country. Do not buy a property that is located in a neighborhood likely to take a wrong turn in the next five years.

Commercial transactions are significantly more time-consuming, complex and involved than the home-buying process. Although commercial property purchases take longer you will normally receive a higher return on the investment.

NOI, also known as Net Operating Income, is a crucial metric to understand in the world of commercial real estate dealings. Having positive numbers is the only way to ensure success.

When you are negotiating to rent a commercial property, try to have the lease modified so there are few events that are considered to be defaulting on the lease. This can decrease the chances of tenants defaulting on that lease. This is something that you don’t want to happen under any circumstance.

Local Buyers

When you are selling a commercial property, always make sure to include all buyers; this includes local and non-local buyers. Many sellers mistakenly assume that their property is only interesting to local buyers. Many private investors find it appealing to purchase properties that are affordably priced outside of their direct area.

Read the fine print about your real estate agent. Some agents work for a dual agency. Dual agency in real estate is when the agency works for both parties. In other words, the agency represents the landlord and the tenant simultaneously. 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.

As it was said at the beginning of this article, you need to have a great deal of information before beginning a commercial real estate venture. The sole purpose of this guide was to give you information that can grant you success when you invest in commercial real estate.

What You Need To Know About Renting Commercial Space

Deciding to purchase some commercial real estate can be an exciting proposition. If so, you may have many questions about the process of acquiring property. Listed below are some tips that will help you get started with your commercial real estate endeavors.

Don’t be led by hype and fads when searching for commercial real estate. Don’t invest in a hurry. Going too fast could result in a loss that you could have seen coming had you stopped, researched, analyzed, evaluated, and cross-checked the potential with your desired goals. It could take up to a year for the right investment to materialize in your market.

Commercial Real Estate

Whether you want to get into real estate or you’ve been into it for a while, visit some websites that will help you find out how to invest in commercial real estate. You can never learn too much about commercial real estate, so make it your aim to always keep adding to your store of knowledge about the subject.

Purchasing commercial properties is more time-consuming and complex compared to the purchase of a home. Know that the duration and intensity is essential to getting a higher return on the investment you made.

You will probably have to put a lot of effort into your new investment at the beginning. 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 throw in the towel because the process is taking too long to complete. Your efforts will be rewarded.

If you are trying to choose between two desirable commercial purchases, the larger one may be the better choice. Regardless of whether the property you decide on has twenty units or fifty, the process of obtaining financing will be the same, and in both cases will require substantial effort. In effect, this is similar to an economy of scale, or also like purchasing more of an item to save money.

Double-check that you are seeking a realistic amount of money for your property. Most appraisers can’t take all factors into account because there are an infinite number of variables involved in determining the value of a piece of property. These variables can all make your property worth less than the appraisal claims it is worth.

Have your property inspected before you list it for sale. Repair any problems that the inspector finds immediately.

Thoroughly tour every potential property. Even better, have someone who knows commercial real estate tour the properties with you. You can then make an initial offer and begin the bargaining phase. Evaluate and reevaluate the counteroffers before making any kind of decision one way or another.

When you’re shopping multiple properties, prepare a checklist to make the task easier. Accept responses to the initial proposals, but don’t go further than that unless you inform the property owners. You should feel free to let owners know that this isn’t the only property you’re looking at. It could even get you a good deal.

Dual Agency

Before paying any agent, check his or her disclosures; these can tell you a great deal about the agent’s character and ability. Try to beware of dual agency. When dual agency exists, the agency advocates for both parties in the transaction. This means the broker represents you and the landlord during the transaction. You and the other party should both agree if dual agency is to be okay.

Now, you are much more prepared when it comes to commercial real estate. If you had considered yourself knowledgeable before, you known even more now. The tips from this article have shown you how to get through any commercial real estate journey and be able to be successful in it.