Real Estate News

Commercial Properties-Inspection Guidelines

When you buy a commercial property, due diligence is even more vitally important than it is with residential properties simply because there's so much more money at stake. In a worst-case scenario, unexpected repairs and expenses can empty your pockets in a heartbeat. At the other end of the spectrum, it can create a long-term, slow-motion drain on your finances that ends up with the same result-money gone and a white elephant on your hands. I'm sure you can see my main point-never acquire a commercial or industrial property without closely examining its condition first. With close examination, you'll secure an investment which can produce considerable profit and appreciation over the years. In this article, I'll outline the basic due diligence required for the physical inspection of commercial and industrial buildings. Who Should Inspect Commercial Buildings If you're new to commercial investments, then you definitely need to hire professionals to inspect the building you're considering. The building structure and the HVAC, electrical and plumbing systems are much more complicated than those found in residential properties and require specialist inspectors. Therefore, it's wise to hire an experienced contractor, architect, or other expert to do the jobs for you. Verify references and...
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The Top Ten Things To Think About Before You Sell And Rent Back

1) How much will you receive? Sell and rent back companies tend to offer, on average, 85% of market value on buying your home although this can be as low as 70% and as high as 100%. Some companies can offer 100% by giving you 70% upon completion of the sale and then 30% at the end of the tenancy. 2) Selling your house can often be far from a relaxing process. To make it as peaceful as possible it's important know who the sell and rent back company you are dealing with. Are they reputable? Ethical? In good financial standing and will still be around at the end of your tenancy period? All these questions are very important and make sure you do plenty of research on a sell and rent back company before you enter into any agreement with them. If you can get an independent personal recommendation from someone who has gone through process, but as sell and rent back is still an emerging sector of the property this may be tricky. Searching internet forums and message boards may also reveal some more information on the range of companies entering the sector. 3) What happens when you...
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