Kari Nealeigh - The Complete Guide to Buying Commercial Real Estate

going rate per square foot in their areas. It also means they should know what the immediate future looks like.

CAN YOU SHARE SOME OF YOUR SUCCESS STORIES?

This is perfectly acceptable to ask during your first meeting or phone call. It will prove to you their experience and successes.

DO YOU SPECIALIZE IN ANY T ALIZE IN ANY TYPE OF OFFICE SPACE?

Some brokers may work better in certain areas of commercial real estate. If the agent’s answer is something you may not be looking for, they may refer you to someone else who does. Try and seek out a broker who will match up your needs with their areas of expertise.

HOW LONG HAS THE PROPERTY BEEN ON THE MARKE N THE MARKET?

This can be telling for hidden problems with the property. There is no formula for this though. That’s why an experienced broker should know about it. If the property has been listed for over a year, there is probably a serious problem with it. Be careful with this if you are buying outside of your normal area.

IS THERE A MARKET FOR THIS PROPERTY AND AREA? Y AND AREA?

Unless you plan on being there forever, you don’t want to buy an office that only you would buy. Then you would be stuck with it for a long time or have to sell it for much less than you paid, even

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