10 February 2012
Posted by Dennis under: Key West Commercial Real Estate .
Don?t be led by hype and fads when searching for commercial real estate. Never rush into an investment. You might regret it if that property is not right for you. Plan to keep your eye on your market for as long as a year if you want to find the right investment.
Take a look around properties you are interested in. You should consider asking an experienced professional to come with you and examine the properties you have an interest in. Submit a first offer and solicit counteroffers. Give a bit of thought to the counteroffers before deciding to accept the offer, make a counteroffer yourself or walk away.
Query a real estate firm about their practices and sources of income over the past year. They should be up front about what their business model is and any interests that differ from yours. Once you understand how the broker profits from the transaction, you can choose one whose profit centers align with your business goals.
As you may have picked up from this article, there is a lot of work, effort and research that goes into buying and operating commercial property. In fact, you have to keep working at it. Apply the tips from this article, and you will be one step closer to purchasing a commercial property that is the perfect fit for you, and your needs.
For more information about Key West Commercial Real Estate contact Gary Smith at http://www.keywestlifestyle.com
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