Buying Real Estate

Written by Lori Covington
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When you're buying real estate, it may seem like the details will never come to an end. Aside from finding the right property in your price range, there are still inspections, repairs, zoning requirements, and mortgage papers to think about. In fact, buying real estate, partly because of the detail work, partly because of the financial risks, may be one of the more stressful events many people will experience.

Purchasing real estate in the commercial market may be even more stressful than buying your first home. Commercial properties often cost much more than the average house, and arrangements are complicated by business considerations. Some investors enjoy buying real estate for its solid investment qualities: acquiring and later selling (or leasing) the right property in the right location can make investors a fortune.

When you're considering buying real estate in the commercial property market, it's important to choose a broker who specializes in commercial properties, and in the type of commercial property you're interested in buying. Brokers do more than just complete the paperwork in real estate sales; they act as consultants, appraisers, realty educators, and financial analysts to help you make the best deal possible.

Buying Real Estate: Work with a Professional

Brokers may belong to professional organizations such as the National Association of Realtors (NAR), or the Society of Industrial and Office Realtors (SIOR). Brokers may also be designated Certified Commercial Investment Member (CCIM). Membership in SIOR and CCIM place brokers in the top 2-6% of brokers: advanced and continuing education, adherence to a code of ethics, and meeting professional standards in sales are only three of the criteria SIOR and CCIM members meet.

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