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Tips On How To Get A Good Deal In Commercial Real Estate.20130521.140511 

 

 
 
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Published:  May 21, 2013
 
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Slide 1: Commercial Real Estate Tips The Easy Way Any endeavor in commercial real estate can be challenging and involves considerable risk. On the other hand, the dividends you can yield are well worth what it might take out of you. Use these tips in this article carefully to help you succeed. Regardless of whether or not you are the seller or the buyer, negotiate! See to it that your concerns are heard and all you want is a fair price when it comes to the property. Before you consider leasing or renting, look into whether or not pest control is covered in the lease. This is important in less desirable locations where rodents and/or bugs are an issue. Have your rental agent inform you of any associated policies for pest control. You deal should naturally include inspections, and you should also evaluate the credentials of the inspectors. Many people in certain fields are not accredited, including pest and insect removal services. A non-accredited inspector could be a source of problems. Always ask to see the credentials of any inspectors you hire for your real estate deal. Always check the credentials of workers in insect and pest control as many of them aren't licensed. This can prevent larger problems from occurring after the sale. Before you negotiate a commercial real estate lease, you should aim to decrease the things that could be considered an event of default as much as you possibly can. Your tenant will be less likely to default on the lease if you do this. You want to avoid any circumstances that could lead to this occurrence. When interviewing potential brokers, ask them to tell you about their experience level with the type of commercial investments you are interested in. Make sure that the agent has the proper expertise with the type of real estate purchase or sale you are looking for. When you find the right broker, make sure your agreement is exclusive. When you are selling a commercial property, always make sure to include all buyers; this includes local and non-local buyers. It is a mistake to think that only people in the immediate area will have an interest in your property. A lot of investors buy property that is not where they want it if it is a good enough price. Take a tour of a property you might purchase. Even better, have someone who knows commercial real estate tour the properties with you. Put forth your initial proposals, then open the table for negotiations. Prior to making any final decision, you should thoroughly go over the counteroffers you have received. Always go through the disclosures of an agent before hiring him or her. There is a possibility of a condition called dual agency. In this type of transaction, a real estate agency acts on
Slide 2: behalf of both parties involved in the deal. Dual agency occurs when the landlord and the tenant hire the same agent. If this is the case, and the agent is a dual agent, this should be known to both parties and agreed to by both parties. As previously stated, you need to acquire a vast amount of knowledge before you venture into the commercial real estate market. It was the purpose of this article to provide you with information that will make you a success in the commercial real estate market. astaka

   
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