Commercial Real Estate Transactions
Solicitors in your local area will be a good central source of potential clients that require property assistance. Expect them to want to check out your expertise.
Study kindergarten – sixth grade enrollment statistics (also available from the school district). Try to go back as far as ten years. You’re looking for growth in elementary school enrollment. Lots of growth equals desirable neighborhood.
Buy better – Work with your suppliers to obtain lower costs. Consolidating suppliers could give you some bargaining power and simplify the buying process. More Profit.
The question of the customer or prospect concerning their expectations and the factors that must be satisfied as to the commercial real estate transaction. Without this information is provided in the beginning, the sales pitch becomes much more difficult.
The business person is required to pledge a commercial or residential property for finding these loans. It is on the basis of value of collateral that the loan amount is determined. So, you can place any commercial property for borrowing huge amounts that may go up to half a million pounds as well.
Commercial exchanges have very specific time frames and rules. We just had a call from a seller who said “I just closed on the sale of my commercial building and I want to exchange it for another”. Big mistake once the closing check went into the sellers account the exchange is no longer viable. Commercial exchanges, selling off portfolio’s and deciding what avenue to take is a process that should be done with a commercial real estate company that you can have good communications with.
Check out the properties that were purchased about 4 or more years ago. History shows that they will be in the next group of properties to come on the market for sale.