28 February 2012
Posted by Dennis under: Key West Commercial Real Estate .
When choosing brokers with whom to work, find out the amount of experience they have dealing with commercial properties. Make certain that they have experience and expertise in the community you are dealing in. You and this broker should enter into an agreement that is exclusive.
It is advisable to go bigger when investing money pertaining to commercial real estate. If you were considering purchasing a five-unit building, recognize that managing fifty units is no more difficult than five. Buildings with fewer units require financing just like the ones with more units, and buying larger buildings can actually be cheaper per unit to purchase.
Don?t make any offers on commercial property before you?ve found a lender. Speak with your investors and friends to make a small list of the area?s best lenders. Research the prospective lenders and choose the one that can accommodate you before you begin to scout for property. You will find the process of getting your loan to be much easier when you have taken the time to get all of your details arranged ahead of time.
With the commercial property, you need to make sure there is easy access to the utilities. Every business? needs are different, but at a minimum, most businesses will need power, sewer and water services.
By now, you should feel comfortable with the fundamentals of business real estate. Exercise flexibility and quick thinking while you use the market. You should be able to recognize some golden opportunities that others don?t spot, and make some profitable deals.
For more information about Key West Commercial Real Estate contact Gary Smith at http://www.keywestlifestyle.com
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