Commercial Real Estate Buyer Representation

You Know What You Want, Until You Don’t

Plan as you might, a business owner never knows when they will find that perfect fit for their business. Take me for example: I found my dream office space while attending a listing presentation with a property owner. I fell in love with a clean yet outdated 2,050 square foot tri-plex office condo built in the 1980’s and immediately saw potential for what I believe will be the coolest office ever. Moral of the story? Stay open-minded and consider all possibilities.  It’s normal for you to have a wish list for your dream property. You may even have an idea

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Top Buyer Mistakes When Purchasing a Commercial Building

If you’re ready to purchase a commercial building, you’ve come to the right place. Working with a reputable commercial real estate broker who understands your company needs and investment goals is key in securing the right commercial deal for your business. However, it takes two to tango and certain decisions can delay the process. Keep these key points in mind when purchasing commercial property. Hire a Commercial Real Estate Broker Purchasing commercial property can be a long and difficult process if you don’t work with an experienced broker. Using industry knowledge, experience, and references, a commercial broker can help you

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Things to Know Before Buying Commercial Property

To buy or not to buy? That is the question every business owner asks themself as their business begins to stabilize. While there are pros and cons to both, more on that in this blog post, it is important to do a thorough analysis to help determine if purchasing a building versus leasing is the right decision for you. Consider these five points before buying commercial property. What is your long-term plan? Making a long-term investment in a building is something not to be taken lightly. A plan helps focus your efforts on what’s the best choice for your company.

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Is It A Buyer’s Market or a Seller’s Market?

Market conditions are driven by complex occurrences that happen every day. Examples include global and local economic changes such as steel shortages, demographic shifts due to the pandemic, interest rate changes, urbanization trends, and more. As a business owner, it’s important to note that these changes often come out of nowhere like COVID-19 and each market can be affected differently. Currently large markets like NYC, LA, Chicago and San Francisco are struggling to manage large vacancies while states like Arizona, Florida, Tennessee and Texas are challenged with unparalleled migration of population and businesses. An experienced broker who has lived through

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Why To Save For A Rainy Day

If there’s anything 2020 has taught us, it’s to expect the unexpected. Who could have predicted the impact the COVID-19 pandemic would have on commercial real estate and specifically the demand for space through quarantines, shutdowns, supply chain disruptions, employment loss, and much more. As a commercial real estate investor, potential economic conditions must be considered before buying single-tenant and multi-tenant properties. A financial savings plan or “rainy-day fund” can provide an extra security blanket that can help you through tough times or support your growth when the time is right. Here are a few reasons why single tenant and

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Helpful Negotiation Tips for 1031 Investors

Triple net lease investments (NNN) with essential businesses such as drugstores, grocery stores and logistics centers are in high demand in the current market. Sellers are holding strong on their asking rates and many NNN assets are under contract within weeks of going on the market for close to the asking rate. As many 1031 exchange investors chase after potentially scarce properties in the marketplace, they may find themselves running into trouble finding replacement properties. To help you win your property bid when you need to replace funds for your 1031 exchange, I’ve complied some helpful negotiation tips that will

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Is Purchasing a Commercial Property Right for You Now?

Before buying a commercial real estate property, there’s a lot to consider. While ownership is the easiest way to control your financial future, there are pros and cons for leasing and purchasing. Before making any decisions, it’s important to remember you don’t have to do it alone. An experienced buyer representative walks you through your options and explores reasons for you to buy versus lease. Included below is a step-by-step analysis you and your buyer rep can work through together. While every business is different, I hope this analysis helps you determine what is right for you. 
Steps to Analysis:

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Buying Commercial Property is NOT Like Buying a Home

So you’re ready to buy your first commercial real estate property. That is great news! But before you do, there’s a few things you should know. First and foremost, buying commercial property is nothing like a buying residential property. While both take time, research, and planning, buying commercial real estate can be very complex. To help you navigate this exciting time, I have outlined the six key differences between a commercial purchase and a residential purchase: Commercial Title Report A commercial title report outlines the legal status of a specific property and related information about its ownership. While it is

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Finding the Right Buyer Representative

Imagine this, you’ve found the perfect office building and you’re ready to make it yours. From my previous blogs you’ve learned that inexperienced buyers can easily mistake the person showing the commercial buildings as someone who will take care of them in purchase negotiations. They don’t and here’s why: sellers want to make money and buyers want to save money. Knowing that, your search for the right buyer representative has begun. Before you hire a buyer rep, it’s important to note that not all reps are created equal. Experienced representatives are crucial in winning a fair shake throughout purchase contract

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Andrea Davis – NPR Interview with Doug Wells and Alison Kuhlow

Andrea Davis, author of SimpLEASEity: A business owners guide to winning the game of commercial real estate leasing walks NPR listeners through some of her 11 steps outlined in the book that help ease this increasingly complicated process. Read the article: https://www.kpcw.org/post/simpleaseity-business-owners-guide-winning-game-commercial-real-estate-leasing

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