Commercial Real Estate – Ways To Have The Right Property
Use good photos in the newsletter that are well lit and capture the right message. The best exterior photos of property are usually taken when the sun is low in the sky. That will be first in the morning or late in the day. What you want to have is the sun shining clearly on the front of the building. Avoid using photos with shade distorting the image.
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.
Trying to find the right way to invest in today’s real estate market is not easy. The real question is whether you want to turn the property over and sell it, or if you want to rent it out for a long time. That decision could influence what type of property you should buy. If you are looking to sell with in a time frame, you should buy a home. You can rent it out for a few years while the market value increases and then sell it for a nice profit. That’s the smart way to do it, and the longer you wait the more value the property would have in a potential sale. On the other hand there is a different approach when you are looking to purchase a commercial property.
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.
The Global Income ratio effectively computes all income (both business and personal) vs. all expenses (again, both business and personal) that the entrepreneur has. 50% to 60% has been the norm for years, now more and more lenders are demanding 40%.
The best indicator of your home’s value is the actual selling price of similar homes on the same block or within a few blocks. By similar homes, we mean those with the same square footage and same number of bedrooms and baths, and comparable amenities.
These points can be treated in a different order and added to his case, subject to potential customers, their property, and the activity of the compound.