Tag Archives: commercial real estate

Pointers When Purchasing Commercial Investment Properties for Sale

commercial propertyReal estate is such a broad and complex topic making it a great point or subject of discussion. It’s also particularly interesting especially for business-minded folks who are in search of or are into investments. But before you decide to purchase those commercial investment property for sale, either for use in operations or as the product itself, here are a few pointers to take note of.

  1. Make it a point to research. – But what exactly should you look into? A lot to be honest, for instance which areas are most valuable or which brokers/agents are to be trusted. When it comes to looking for the right investments and good deals, a lot of research is to be had. The internet is perhaps one of the most potent tools but let’s never discount what traditional means, like word of mouth, can do.
  2. Take things with a grain of salt. – Sellers will always highlight the best aspects of the commercial investment properties for sale but will rarely voluntarily talk about their flaws upfront. It is therefore up to buyers to sift through the details and determine fact from fallacy or exaggeration as well as to validate them which brings us back to number one.
  3. Knowledge is might and power – It’s crucial to understand at least the basics of real estate and how the market works considering how things can change easily with the presence or absence of certain factors. These can even change depending on the time, the current trends the economy and the area so arm yourself with enough knowledge both to understand and to avoid being fooled.
  4. Think foot traffic. – Since we are talking about commercial investment properties for sale, foot traffic is an important element to consider. Without this level of exposure and reach, it would be hard for the properties to provide enough value and effectivity to at least break even. Foot traffic pertains to the amount of people that come across the establishment on a daily basis regardless if they’re old, recurring, new or potential customers and regardless too if they walk in, pass by or drive by.
  5. Choose lower ongoing costs. – Some commercial investment properties for sale may appear reasonably priced upfront but come with unusually high ongoing costs. Avoid them at all costs since they tend to be particularly expensive in the long run. But since sellers do not often give details about this then it is up to buyers to look into such factors which is why experts always advice people to have assets surveyed beforehand.


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Commercial Property Auctions and How to Win One

Commercial property auctions are public sales that involve assets specifically designed and catered for business purposes. They are an accelerated marketing and competitive bidding process that requires participants to bid or propose with the property awarded to the person in the room with the highest offer.

Many sellers and brokers choose to sell in auctions for many reasons. For one, there are those who would want to immediately sell an asset. This is common among banks that have foreclosed properties and would want to liquidate them in as much as possible. There too are sellers who want to take advantage of the demand and competition in them especially during times when the market is slow.

  1. Know what you’re going up against. This will require you to do your homework. Research about the auction and the assets being offered in it. Prior to the event, a brochure, newsletter or catalogue will be sent across or made available for participants who make known of their intention to attend.
  2. Visit and survey the properties. Just because you’re bidding on it doesn’t mean you’re not entitled to visiting the asset ahead of time. You can and it is advisable that you do. It would even be best to get a chartered surveyor look into it. This way, you’ll be sure of the item you’re about to fight for.
  3. Be comfortable with auctions. No, we don’t mean wear your pajamas you silly. What we’re pointing at here is that you should be aware and knowledgeable enough about the processes, requirements and obligations attached to them. If you’re a first timer, it would be best to observe your way through your first auction.
  4. commercial-property-auction-ukStay incognito. Don’t reveal too much of yourself and your intentions otherwise they may be used against you. For instance, never be too giddy about a certain asset lest you want other bidders to take notice of the gem you discovered. The same is true for your spending limits. Sellers may opt to raise the bar higher and take advantage of your interest.
  5. Prepare your financing ahead of time. Just because you won the bid at commercial property auctions doesn’t mean that you get the last laugh. You’ll have to pay up an upfront cost and if your financing has not been prepared and made available beforehand, you can still lose to the next bidder in line.

Find out more on commercial property auctions on this page https://www.singerviellesales.com/case-studies/category/auction