Featured listing
Rombos Family Restaurant In Operation For Last 30 Yrs.Owner Retiring.Downtown Gravenhurst.Across Td Bank And Opera House.High Traffic.Lots Of Tourists.Steady Clientle.Serving Italian,Greek,Canadian Dishes.Liquor Licence.Dinning Area With...
| Buying
Let me help you every step of the way. When purchasing a property, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a property. Finding a property depends on whether you are buying for your own use or you are buying as an investment. The objective is different and different risk factors are considered in the decision making process. Locating a right property with reasonable return on your investment is not always an easy task, and obtaining a financing on the property can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your property purchasing goal, the rewards are unquestionable.
 While at your side each step of the way, I will make the process of purchasing a property easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. I will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.
I am always familiar with the current properties on the market, and I know the market capitalization rates, so I can help you determine which properties are fairly-priced and in good condition before you start your search.
Your First Step
Your first step to buying a property is to first ask yourself why you want to buy a property: To start building equity? To build your real estate portfolio? To use for your own business? Type of property - whether it is retail, industrial or office? To buy as an investment for certain return on your investment? Next, decide what type of property you want to invest in - industrial, retail, office, multi-family or land? Then, also determine what geographical location you'd like and who is going to manage the property? Be specific. Separate the “realistic” cap rates from the "idealistic” cap rates.
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighborhood, country); community (north, south, east, or west side); neighborhood (older and settled or sparkling new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). You need to do location aanlysis. I can help you in this respect. There is an old saying in real estate which is still true. There are three things in commercial real estate investment. LOCATION! LOCATION! LOCATION! .
If you are using the property for your own use then you need to determine how much space do you need? If you need industrial space the ceiling height, loading docks, floor load, power requirement, proximity to highway are some of the factors which need to be considered. If you need retail space then visibility, exposure, volume of traffic, tenants mix may be important factors. Other issues which are important is age of the building, state of repairs. Consider also the holding period. How long you want to hold the property before selling.
Your Next Step: Financing
Once you have addressed the above goals and objectives, your next step in the purchasing process is to understand the financing process with a financial institution. Commercial financing is little more complex and normally requires 25% to 35% down payment. The financial institutions require many other documents without which the processing of mortgage will be difficult. I can help at this stage by explaining you the whole process.
Call me and I will refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for his/her clients.
I Will Find The Right Property For You
Once you've been reached the comfort zone that you will get the financing and know what price range you want to stay in, I can help you determine which properties fit your needs by using the (MLS) Multiple Listing Service system to locate them. There many good commercial properties are listed on exclusive basis which will not appear on MLS. I have an excellent network with commercial realtors which allows me access to their exclusive listings.
I have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can even search my listings here at my website.
I Will Help You Every Step Of The Way
I will help you complete your financing and inspections, environmental audits (if applicable) and close on the transaction. My top priority is to make sure that your property buying experience is pleasant, cost-efficient, and successful.
|
|
Email