(954) 588-5772
Tips for Buyers & Investing
Selecting Your Commercial Real Estate Agent
The choice of your commercial real estate agent is among the most crucial decisions you will make when venturing into commercial real estate investment. This professional will serve as your guide and advocate in the pursuit of the ideal investment property.
Your commercial real estate agent's role is to provide comprehensive support in your search, ensuring that you find the real estate investment that aligns with your aspirations and financial objectives.
A proficient Commercial Real Estate Agent should possess:
-
Comprehensive knowledge about the locales that you are targeting, fully understanding the community's dynamics and potential for growth.
-
A clear understanding of complex regional and state stipulations that could influence your transaction, enabling you to navigate legal and regulatory landscapes smoothly.
-
The ability to negotiate effectively in multi-party situations, managing face-to-face discussions with confidence and diplomacy.
-
High levels of training and a commitment to continuous learning, including obtaining additional certifications that enhance their professional competence.
-
A strong orientation towards technology, leveraging advanced tools and platforms that streamline the property search and transaction process.
-
The backing of professional legal counsel, ensuring that all aspects of your transaction are legally sound and protect your investment.
Securing Financing
​
Before embarking on your journey into commercial real estate investment or business acquisition, most seasoned real estate professionals and mortgage lenders advise pre-qualifying for a loan. This preliminary step provides several key advantages:
-
It helps establish your financial capacity, outlining the price range that fits comfortably within your budget.
-
It provides clarity on the various loan types for which you are eligible, helping you make an informed choice about the most suitable financing option.
Your Commercial Real Estate Agent plays an essential role in guiding you through the financing process, helping you weigh your options and make the best decisions during the loan application and approval stages.
In many instances, the seller can serve as an excellent lending source in a commercial transaction, providing flexible terms and potentially favorable rates. This alternative financing route is something your agent can help explore and evaluate for its suitability to your unique circumstances.
Identifying and Selecting the Ideal Commercial Property
​
Collaborating with your Commercial Real Estate Agent, you'll establish a set of criteria that will guide the search for your perfect commercial investment opportunity. Your Agent's role is to assist you in locating properties that match these specifications.
It's crucial to differentiate between investment-driven acquisitions and use-driven acquisitions. When you invest in a property, you anticipate a return on investment in the future. Conversely, a property intended for personal or business use may prove to be a good investment, but the initial goal isn't direct profit from the real estate. Instead, the profit comes from the utility or personal enjoyment derived from the property. It's worth noting that the value of a property can be influenced significantly, or even entirely, by its specific use to a particular user.