Posted by admin under: Property Brokers
Nov 15
Why would you want to know the top 4 Commercial Mortgage Broker mistakes? Because it can cost you! Being a Commercial Mortgage Broker can be a fulfilling and lucrative career choice. You have the opportunity to be involved in some of the most interesting real estate projects...while you're getting paid.But you need to be careful. Some brokers make mistakes that can cost them money...lots of money. Here are the top 4 Commercial Mortgage Broker mistakes.#1 - Use Too Many LendersSome Brokers try to do everything for everybody. You need a condo conversion in New York? No problem! You need to buy 200-unit apartment building in Dallas? No problem! You need to develop a hotel in Atlanta? No problem. The problem with this is that for each of those examples you will need a different type of commercial lender. I used to try and do it all but not anymore. Having
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Posted by admin under: Property Brokers
Oct 29
From the property or leasing manager's perspective, a lease rent review to be done on a commercial property must be undertaken in a professional manner, and mistakes or misunderstandings must be kept to a minimum. So what is the right process for setting a rent in this market? Consider this: The purpose of a market rent review is to ensure fairness to both parties. That being the landlord and the tenant. To the landlord, a good rental is that which recognises the property's value so as to recover a reasonable return on the property. To the tenant, ensuring that what they are paying by way of rent is a fair and reasonable and is a reflection of market forces. The rent must be one of the many reasonable overheads involved in running a business.Retail Rental?Rental is an interesting balance in a retail shopping centre far more so and as contrasting
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Posted by admin under: Property Brokers
Oct 08
There might be a slowdown in capital transactions in Gurgaon for the past couple of years, but the rental market for residential properties in the city is rising without any hiccups.According to property brokers, house owners at the prime residential areas like South City, Sushant Lok and DLF, are having gala time. If a property is located at a place near market place, health centre, schools, and public transport, even a one BHK apartment fetch you a monthly rental of Rs 12,000 to Rs 16,000, Kushal Pal Singh, a property broker active in Sushant Lok, informs.He further informs that observing the demand pattern, the landlords have also become quite choosy and dominating, to be precise. Chances of getting a house get brighter if you are an employee of a prestigious IT company. Similarly, if you are a married couple having more than two children, your eligibility to be a tenant
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Posted by admin under: Property Brokers
Sep 26
An option is just what it sounds like. You have the option to buy the property or not. The option will state the time period in which you can buy the land and at what price. If you have found some property that you like but have not been able to obtain the contingencies or escape clauses that you feel you need, then perhaps an option would be in order.Let's assume you have found a tract of land that you really like but the owner in not accommodating and will not finance the purchase, and you can not borrow the purchase money. But you want the tract for its resale value and feel that you can successfully market the entire tract, or the smaller parcels, over the next few months.You could tell the seller that you desire the option to buy his land within say, a 6 or 12 month
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