• Attributes to Look for in a Commercial Real Estate Broker Attributes to Look for in a Commercial Real Estate Broker

    0 comments / Posted on by Steven Rivera

    Attributes to Look for in a Commercial Real Estate Broker

    Most cities are full of commercial real estate brokers that have a great deal of experience, market knowledge, tools, & resources. Many are also very busy and maybe are not as transparent as you would like them to be. Below are 5 things to consider as you interview your next commercial real estate agent.

    The Experience You Need on Your Side

    25 years of “real estate” experience is not the same as 25 years of experience doing site selection and negotiating commercial lease terms and contracts. For example someone with 8 years in residential real estate experience and 2 years as a commercial realtor is not the same as a person with 10 years doing ONLY commercial real estate. Additionally if a brokerage company has a combined 50 years commercial real estate experience does not mean that the person assigned to you has 50 years. That person could be new and only have 1 year under their belt. They key is to ask specifically who you will be working with and what their experience is in the niche you are looking for.

    No Conflicts of Interest

    Most commercial real estate companies are full service meaning they represent tenants and landlords. This has the potential to be a conflict of interest. What if the tenant representative working for you worked for the commercial real estate company who lists the property that you are negotiating for? Your agent sits in the desk next to the agent that is listing the property. Sounds...

    Most cities are full of commercial real estate brokers that have a great deal of experience, market knowledge, tools, & resources. Many are also very busy and maybe are not as transparent as you would like them to be. Below are 5 things to consider as you interview your next commercial real estate agent.

    The Experience You Need on Your Side

    25 years of “real estate” experience is not the same as 25 years of experience doing site selection and negotiating commercial lease terms and contracts. For example someone with 8 years in residential real estate experience and 2 years as a commercial realtor is not the same as a person with 10 years doing ONLY commercial real estate. Additionally if a brokerage company has a combined 50 years commercial real estate experience does not mean that the person assigned to you has 50 years. That person could be new and only have 1 year under their belt. They key is to ask specifically who you will be working with and what their experience is in the niche you are looking for.

    No Conflicts of Interest

    Most commercial real estate companies are full service meaning they represent tenants and landlords. This has the potential to be a conflict of interest. What if the tenant representative working for you worked for the commercial real estate company who lists the property that you are negotiating for? Your agent sits in the desk next to the agent that is listing the property. Sounds...

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  • Tips on Making a Strong Offer Tips on Making a Strong Offer

    0 comments / Posted on by Steven Rivera

    Tips on Making a Strong Offer

    If you're in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. Below, you will find four components that you can use to your advantage when putting together a strong offer. Read on below to learn how to put together an offer that will undoubtedly capture the sellers' attention.

    Offer Price

    This is the one component of an offer that everyone knows about, even if they've never been through the process before. However, as the buyer, it might be less of a big deal than many people make it out to be.

    From the sellers' perspective, the offer price makes a huge difference. The proceeds that they receive from at settlement are the only benefit that they get from the sale of their home. That money could be what they're relying on in order to purchase their next home or to carry them through retirement. It's likely that they have a firm bottom line that they need to meet.

    However, as the buyer, you're a bit more protected from the impact of a higher offer price. Any increase in price will be rolled into your mortgage and you'll pay for it over the life of the loan. It will likely only make a small difference in your monthly payment.

    Keep this in mind as put your offer together. While you ultimately have to be comfortable with the amount you agree to pay, if you love the home, it may be worth...

    If you're in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. Below, you will find four components that you can use to your advantage when putting together a strong offer. Read on below to learn how to put together an offer that will undoubtedly capture the sellers' attention.

    Offer Price

    This is the one component of an offer that everyone knows about, even if they've never been through the process before. However, as the buyer, it might be less of a big deal than many people make it out to be.

    From the sellers' perspective, the offer price makes a huge difference. The proceeds that they receive from at settlement are the only benefit that they get from the sale of their home. That money could be what they're relying on in order to purchase their next home or to carry them through retirement. It's likely that they have a firm bottom line that they need to meet.

    However, as the buyer, you're a bit more protected from the impact of a higher offer price. Any increase in price will be rolled into your mortgage and you'll pay for it over the life of the loan. It will likely only make a small difference in your monthly payment.

    Keep this in mind as put your offer together. While you ultimately have to be comfortable with the amount you agree to pay, if you love the home, it may be worth...

    Read more

  • Four Essential Components of a Strong Offer Four Essential Components of a Strong Offer

    1 comment / Posted on by Steven Rivera

    Four Essential Components of a Strong Offer

    If you’re in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. We’ve put together four components that you can use to your advantage when putting together a strong offer. Read on to learn how to put together an offer that will undoubtedly capture the sellers’ attention.

    Offer Price

    This is one component of an offer that everyone knows about, even if they’ve never been through the process before. However, as the buyer, it might be less of a big deal than many people make it out to be.

    From the sellers’ perspective, the offer price makes a huge difference. The proceeds that they receive from at settlement are the only benefit that they get from the sale of their home. That money could be what they’re relying on to carry them through retirement or possibly these funds may be needed for the sale of their new home. In either case, it is likely that the sellers have a firm bottom line that they need to meet.

    However, as the buyer, you’re a bit more protected from the impact of a higher offer price. Any increase in price will be rolled into your mortgage and you’ll pay for it over the life of the loan. It will likely only make a small difference in your monthly payment.

    Keep this in mind as you put your offer together. While you ultimately have to be comfortable with the amount you agree...

    If you’re in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. We’ve put together four components that you can use to your advantage when putting together a strong offer. Read on to learn how to put together an offer that will undoubtedly capture the sellers’ attention.

    Offer Price

    This is one component of an offer that everyone knows about, even if they’ve never been through the process before. However, as the buyer, it might be less of a big deal than many people make it out to be.

    From the sellers’ perspective, the offer price makes a huge difference. The proceeds that they receive from at settlement are the only benefit that they get from the sale of their home. That money could be what they’re relying on to carry them through retirement or possibly these funds may be needed for the sale of their new home. In either case, it is likely that the sellers have a firm bottom line that they need to meet.

    However, as the buyer, you’re a bit more protected from the impact of a higher offer price. Any increase in price will be rolled into your mortgage and you’ll pay for it over the life of the loan. It will likely only make a small difference in your monthly payment.

    Keep this in mind as you put your offer together. While you ultimately have to be comfortable with the amount you agree...

    Read more