Why the Holidays Are a Great Time to Sell Your House
In the world of real estate, you usually hear how it is best to sell your house in the spring months. Most people lay low or are too busy with the holidays during the winter months to consider buying a new home, and most likely prefer to home shop in the spring to ensure that they are settled in their homes before the start of a new school year.
But, life happens. What if you find yourself in a position where you can't wait for the weather to warm up before putting your house on the market? Is it a good idea to sell your home during the holidays? Surprisingly, there are many benefits to selling your home during the winter months. Here are reasons why it may be a good time to sell your house.
Buyers are Strongly Motivated
Anyone looking for a new home between Thanksgiving and New Year's is likely to be a serious buyer because no one is going to waste their precious family time looking at houses during the holidays.
Putting your home on the market in the winter season and attracting a serious buyer can often result in a faster sale.
Less Inventory & Competition
Unlike in the spring and summer, there is usually less competition during the holidays. Many sellers do not want to list their homes just before or during the holidays, because of the obvious reason for simply wanting to spend time with their families and friends.
Again, you may hear that you can get the most from your home in spring and summer, but even if inventory is limited, there are plenty of homes listed around the holidays that may command a higher price. You may sell your home faster than those listed in spring if you play your cards right.
The Cozy & Festive Feeling
Holiday decorations can bring out the best in a home and attract buyers! Your home will look and smell wonderful if staged in a clever fashion. Turn the heat on, and bake a batch of cookies for an irresistible smell to pass through the home. Buyers can picture themselves better in a home that feels comfortable and cozy.
Furthermore, the holidays can provide an emotional connection to a home, making a buyer feel more compelled to write and make an offer (and possibly pay more).
Year-End Job Changes
The end of the year is typically when people are informed that they will be moving due to a job transfer, or when an offer from another company comes in that is simply too good to pass up.
Those people will need a home sooner rather than later, so they will be looking for a new home during the holidays. These buyers can't wait for spring, which is why listing during the holidays can result in a quick sale.
In Closing
Despite what you’ve heard, selling your home during the holiday season has many benefits. You can face less competition, have more serious buyers, and possibly even a quicker sale process. You also have the opportunity to create a warm and cozy atmosphere that you can’t really create in the warmer months.
If you find yourself ready to sell your home this season, don’t shy away because you think it may be a failure! Speak with one of our Realtors today and let’s get your home ready to sell!
The Benefits of Using a Realtor for Commercial & Industrial Sales
When it comes to commercial and industrial sales, there are many factors to consider. It's not as simple as finding a buyer and negotiating a price—there are zoning regulations, environmental concerns, and a host of other potential complications. That's why it's always a good idea to use a realtor when selling commercial or industrial property. Here are just a few of the benefits of working with a realtor.
1. A realtor will have the local market knowledge necessary to get you the best price for your property.
When you're ready to sell your property, it's important to choose a realtor who has the local market knowledge necessary to get you the best price. A good realtor will be familiar with recent sales in your area and will know what buyers are looking for. They'll also be able to provide expert advice on preparing your property for sale and negotiating with potential buyers. As a result, working with a realtor who knows the local market is one of the best ways to ensure that you get the best possible price for your property.
2. A realtor will be able to navigate the often-complex world of zoning regulations.
Zoning regulations can be a complex and confusing web of rules and regulations. for property owners, developers, and businesses. A realtor who is knowledgeable about zoning regulations can be a valuable asset in helping their clients to buy, sell, or develop the land. Realtors can provide guidance on the types of activities that are permitted in different zoning districts and help their clients to navigate the often-complex application process. In addition, realtors can help to advocate for their client's interests when it comes to zoning decisions made by city and county officials. As a result, working with a realtor who is familiar with zoning regulations can be a valuable step in ensuring a successful outcome for any land-related transaction.
3. A realtor will have a network of contacts in the commercial and industrial world that can help make the sale go smoothly.
When selling a commercial or industrial property, it's important to have a realtor with a strong network of contacts. A realtor with a good network can help smooth the sale process by connecting the seller with potential buyers, providing market insight, and offering expert advice. A realtor's network is typically made up of other realtors, developers, property managers, and investment professionals. Having a good relationship with these contacts can make it easier to sell a property quickly and at a fair price. If you're looking to sell a commercial or industrial property, be sure to work with a realtor who has an established network of contacts in the industry.
4. A realtor will be experienced in negotiating complex sales contracts.
When you are ready to buy or sell a property, you need the services of a qualified realtor. A realtor will be experienced in negotiating complex sales contracts and can guide you through the process of buying or selling a home. They will also be familiar with the local market and can help you to find the right property at the right price. In addition, a realtor can provide advice on how to prepare your home for sale and can help you to stage it effectively. With their knowledge and expertise, a realtor can make the process of buying or selling a home much less stressful.
5. A realtor can handle all of the paperwork involved in a commercial or industrial sale, which can be significant.
When it comes to buying or selling a commercial or industrial property, there can be a lot of paperwork involved. From deeds and leases to inspections and closing documents, it can be difficult to keep track of everything. That's where a realtor can be a valuable asset. A good realtor will handle all of the paperwork for you, making sure that everything is in order and that all of the deadlines are met. In addition, a realtor can provide valuable advice and guidance throughout the process, ensuring that you get the best possible deal on your property. If you're considering buying or selling a commercial or industrial property, make sure to work with a qualified realtor who can help make the process as smooth and stress-free as possible.
As you can see, there are many good reasons to use a realtor when selling commercial or industrial property. If you're thinking of selling, be sure to contact a qualified real estate professional who can help you through the process from start to finish.
Reference:
7 Benefits of Hiring a Commercial Real Estate Broker - The Genau Group. (2020, October 19). The Genau Group. Retrieved November 15, 2022, from https://www.thegenaugroup.com/hiring-a-commercial-real-estate-broker/
Admin, W. (2019, July 30). Benefits of Working with a Commercial Real Estate Agent. MANSARD Commercial Properties. Retrieved November 15, 2022, from https://masscommercialproperties.com/ensuring-a-sale-benefits-of-working-with-a-commercial-real-estate-agent-2/
Why Should You Hire & Use a Commercial Real Estate Broker? (n.d.). Why Should You Hire & Use a Commercial Real Estate Broker? Retrieved November 15, 2022, from https://www.austintenantadvisors.com/blog/why-should-you-hire-use-a-commercial-real-estate-broker/
How to Prepare Your Home for Sale
If you're planning on putting your home on the market, there are a few things you can do to increase its appeal to potential buyers. From decluttering and depersonalizing to making small repairs and enhancements, a little bit of effort on your part can go a long way in helping your home sell quickly and for top dollar.
Here are a few tips from 316 Realty Group on how to prepare your home for sale:
1. Declutter and depersonalize.
When buyers walk through your home, you want them to be able to envision themselves living there. That's why it's important to declutter and depersonalize before putting your home on the market. Get rid of any clutter that has built up over the years, and pack away personal items like family photos and keepsakes. You might even want to consider renting a storage unit to temporarily remove larger items from your home.
The goal is to create a clean slate that buyers can imagine making their own. By decluttering and depersonalizing your home, you'll help potential buyers see it as a blank canvas that they can personalize to suit their own needs and taste. In the end, this simple step can go a long way in helping you sell your home quickly and for top dollar.
2. Make small repairs and enhancements.
Whether you're trying to sell your home or just make it more comfortable for yourself, it's important to keep up with small repairs. Things like leaky faucets and damaged drywall can not only be annoying, but they can also end up costing you a lot of money in the long run. So, it's always best to take care of them as soon as possible.
Similarly, cosmetic enhancements like painting walls or updating light fixtures can also go a long way in improving the overall appearance of your home. And, unlike major renovations, they tend to be relatively inexpensive and can usually be completed fairly quickly. So, if you're looking for a way to add value to your home without breaking the bank, take care of those small repairs and consider making some cosmetic enhancements.
3. Stage your home for showings.
Staging is an important part of selling a home. It is the process of preparing a house for sale, and it can be the difference between a quick sale and a house that sits on the market for months. There are a few things to keep in mind when staging a home.
First, create open spaces. This can be done by moving furniture around or removing unnecessary pieces altogether. Second, arrange decorations in a way that is pleasing to the eye. This may mean rearranging knick-knacks on shelves or grouping photographs on the wall. Finally, remember that you only have one chance to make a good first impression, so make it count! Staging is an important part of selling a home, but it is also important to keep potential buyers in mind when making changes. After all, you want them to fall in love with your home just as much as you did.
Preparing your home for sale doesn't have to be a daunting task. By following these simple tips from 316 Realty Group, you can increase your chances of selling quickly and for top dollar. So what are you waiting for? Start decluttering, repairing, and staging today!
4 Steps to Take if You Want to Buy a Home Soon
Is home ownership in your future? If your goal is to buy a home within the next six months or sooner, it would be best to start arranging your finances now! So, instead of jumping straight to the house hunt, let’s review some essential items to prepare you for buying a home.
Check Your Credit Report
Preparing your credit score and financial history are critical components of mortgage qualification. With AnnualCreditReport.com, consumers can receive three free credit scores per year, one from each of the main credit reporting bureaus. Once you have received your report, review it for any inaccuracies or errors, and if necessary, take steps to improve it.
Take these steps right away to get your credit in better shape:
- Always pay bills on time.
- Avoid applying for new credit cards.
- Dispute any inaccuracies on your credit report.
- Pay off any debts possible.
Build Your Savings
You may have already started saving if you have set the goal of buying a home. In competitive housing markets, some buyers may benefit from a larger down payment. But don't assume you have to put down 20%. Certain programs, such as those available to veterans and first-time home buyers, allow some people to make smaller down payments.
Home buyers usually have a downpayment at the forefront of their minds, but don’t forget it is wise to have funds set aside for unexpected emergencies and repairs that may arise with the new home as well.
Get Pre-Approved Before Searching
Never begin home shopping without a pre-approval in hand! A pre-approval helps you define your housing goals and shows potential sellers that you are serious about purchasing their home.
Once you've decided on a lender, you should request a preapproval letter, which details how much you might be able to borrow. Unlike a prequalification letter, a preapproval letter informs the seller that lenders have reviewed your finances and confirmed that you qualify for a loan, giving you an advantage over buyers who can't prove that they will get financing. The lender may verify your income, check your bank statements, and pull your credit in order to obtain this letter.
Interview Real Estate Agents
Hiring a real estate agent who looks out for your best interests will make the home-buying process much easier. Investing the time to interview a few agents can make a significant difference in your transaction, so select someone who will support your goals, work within your budget, and provide expert guidance.
Inquire about potential real estate agents' backgrounds, knowledge of your desired area or neighborhood, and fees.
Bottom Line
Don’t put off preparing for your first (or next) home purchase, it is in your best interest to start taking these steps now! When you get to the point of seeking guidance from a Realtor, you won’t be disappointed in our team at 316 Realty Group. Our Realtors have a vast knowledge of the greater Houston, Dallas/Fort Worth, Austin, & Waco markets and care for our clients like family.
Are you ready to have a conversation about your next home purchase? Reach out today!
4 Reasons Why You Should Home Shop in the Winter
The spring and summer months are typically the busiest for home purchases. And for good reason: warm weather makes open houses, home inspections, and moving more appealing.
But what about in the winter? While it is true that things slow down during the winter, that is not necessarily a bad thing. If you are looking to buy a home, the season benefits you in particular! You could even say that winter is the best time to look for your next home. Let’s explore some of the significant benefits you may find if you choose to go house hunting in winter.
Less Competition, Less Frenzy
Less competition is favorable to both home sellers and home buyers. When there are fewer buyers to compete with, you are less likely to enter a bidding war and more likely to have your offer accepted.
More people stay inside when it's cold as well, and tend to go house hunting during the summer months. In return, you'll have an advantage and will beat out the competition if there is any.
Bidding Wars are Less Likely
Would you like to possibly save some money? During the winter, there are fewer buyers, so bidding wars are unlikely, and you can negotiate a better price.
Take your time, as the lack of competition, combined with the seller's eagerness to close, gives you the edge. They may even be willing to waive some of the contingencies in order to get you into the house or agree to your move-in date, even if it means leaving earlier than expected.
The House is Put to the Test
You probably imagine yourself pulling up to a home when it has a lush, green lawn and blooming shrubs. House hunting in the winter is a different story because you can see past the initial curb appeal that would normally have you starry-eyed.
When you are inside the home, you can witness if the windows are old and drafty and if there is poor insulation. If you have snow in your area, you can also note if there is any leaking in the ceiling. Home shopping in the winter allows you to view homes on their worst days, instead of their best, and benefits you greatly so you can know what you’re possibly getting into!
Faster Closing Times
If you do not experience inclement weather and heavy snow in the winter, (which could delay inspections and surveys), all the parties involved in the home-buying process are less busy than they would be during other seasons, from the real estate agent to the lender to the appraiser.
When you consider how many steps are involved in purchasing a home, this is fantastic news.
The Best Season is Off-Season
If you're on the fence about purchasing during the winter, consider the benefits we covered. There are also a number of factors to consider when selling your home during the winter months.
Finding a trustworthy and reliable Realtor can point you in the right direction when it comes to determining the best time to buy. It's also worth noting that buying during the winter season can mean a variety of things depending on where you live. You should not, however, be swayed by myths about the real estate "off-season." Let's talk about your needs today, we can't wait to help you find the perfect home!
Tips for Preparing Your Credit for a Mortgage
If you're considering purchasing a home or refinancing an existing mortgage, you most likely know the importance of paying your bills in a timely manner in order to preserve good credit. Even if you intend to be responsible with credit, certain situations can derail you and harm your score.
We’re going to go over some tips to help you keep your credit in great shape so you can avoid any credit issues. Let’s get started!
Review Your Credit Scores and Reports
It is critical to review all three of your credit reports from Equifax, TransUnion, and Experian before applying for a mortgage. AnnualCreditReport.com offers a free copy of each report once every 12 months.
If you find any errors on your credit reports, you should notify the credit reporting agencies immediately. An investigation into a credit dispute can take between 30 and 45 days. Furthermore, if the first investigation results in a negative outcome, you may have to try again or try a different approach entirely to resolve the issue.
Pay Down Credit Card Debts
Are you aware that even if you make your monthly payments on time, having a large outstanding credit card balance can impact your credit? It's actually high credit utilization on your credit cards that can hurt your scores, but large balances in relation to your credit card limits cause that high utilization.
You can lower your credit utilization ratio by paying down your credit card balances. Once the new card balances are updated on your credit reports, this may have a positive impact on your credit scores.
Make On-Time Payments
This one comes as a no-brainer! On-time payments are critical to establishing and maintaining good credit. If your credit reports show any recent late payments, it's usually a good idea to wait some time (six to twelve months) before submitting a mortgage application.
When late payments first occur, they have the greatest negative impact on your credit score. Then, as time goes on, they become less damaging. In terms of scoring, the older a late payment becomes, the better.
Hold Off on New Credit Applications
When a lender checks your credit as part of an application, a hard inquiry is recorded on your credit report. That hard inquiry could have a 12-month impact on your credit score.
This isn't to say that every time a lender pulls your credit, it will harm your scores, but it is possible. As a result, if you know you're going to buy a house soon, you should put a hold on any non-essential new credit applications.
The Takeaway
Taking the time to improve your credit score could save you tens of thousands of dollars in interest over the course of a 30-year mortgage. Whether you are about to purchase your first home or your third, it’s easy to get lost in the excitement and the urge to move quickly. You must keep in mind the role your credit score plays in the cost of your mortgage and your ability to even qualify!
Before you apply, take your time and prepare your credit to the best of your ability. Your efforts may pay off and save you a significant amount of money in the long run.
Renting vs Buying: How to Decide
It goes without saying that purchasing a home is a significant life decision, but is it right for you? Of course, there is no single correct answer because both renting and buying have advantages and disadvantages. Your personal finances, however, will play a major role in your final decision. Especially for younger people, renting seems to be a more cost-effective option.
That is not always the case, however. There are several lifestyle factors that can influence your decision, including how flexible you are, your career goals, and whether you want to own your own home.
If you're debating whether to rent or buy, keep reading to find out what factors you should consider before making a decision.
Are Your Finances in Order?
If you decide to buy a home, make sure you have enough funds saved for your down payment, closing costs, and any unexpected expenses, such as home maintenance and repairs.
When you own a home, there is no landlord to call when something needs fixing; it is entirely up to you! You'll need to plan for the unexpected, whether it's plumbing problems, replacing appliances, repairing your roof, and the list goes on. In order to cover the maintenance costs that come with homeownership, you should save 1-3% of the purchase price of your home each year.
Buying a home is usually cheaper in the long run as well, and it offers you an opportunity to build equity. Your home will most likely have increased in value when you sell it, too.
Do You Plan on Staying Put?
What are your needs in terms of flexibility or establishing roots? If you intend to stay in one place for an extended period of time and are financially capable of doing so, purchasing a home makes the most sense. In return, the fact that you have the ability to make a home uniquely yours would make homeownership a better financial and emotional fit.
However, renting may be a better option if you prefer to be more flexible. If you are considering a job in another state, you wouldn't want to deal with the stress of selling your home while relocating. Or if you are a newlywed and plan on having children in the near future, you may not want to buy a home just yet that wouldn’t accommodate a growing family.
Both of these situations could possibly be better served by renting so you can figure out what you need in a home, what your budget allows, and what kind of house fits your future lifestyle.
Are You Ready?
There isn't always a simple answer to whether to rent or buy. Depending on your personal and financial circumstances, the answer may change over time. Rent-to-own properties are another option, where you begin renting and eventually become a homeowner.
Your financial status and lifestyle should guide whatever decision you make. Our Realtors are here to help. Reach out if you have more questions and if you are ready to make a move!
HOA Communities: Pros and Cons
Are you considering purchasing a home in a community with a homeowner's association (HOA)? Make sure you understand how these organizations operate before making an offer.
An HOA is governed by a Board of Directors (homeowners elected by other residents), and it's their responsibility to set and enforce rules and maintain the grounds. These organizations are not only found in single-family home communities but in condominium and townhouse communities as well. You must also pay certain fees to live in these communities So before you start looking for a new home, you should consider whether you want to live in a neighborhood with an HOA, which comes with both pros and cons.
Pros of HOA Living
1. HOAs Resolve Disputes Between Neighbors
When problems arise, (loose pets, loud and obnoxious parties, piles of trash by the road, to name a few), a homeowner's association can help.
If you notice another resident breaking a rule or regulation, the association can act as a mediator. Rather than discussing the problem with your neighbor and causing tension in your relationship, you can contact your homeowner's association, which will contact the neighbor on your behalf.
2. HOAs Have More Social Activities
Streets with an HOA often have a stronger sense of community than your average neighborhood. This is due to the fact that having an HOA encourages a sense of community. Not only do HOA meetings will help neighbors to get to know one another, but they also give greater opportunities for social events.
It wouldn't be out of the ordinary to see block parties and social gatherings on your street from time to time. It's also easier to connect with neighbors when you start sharing amenities like a pool, tennis courts, or a golf course. If you like meeting people and socializing, an HOA could be right up your alley.
3. HOAs Maintain Property Values
In HOA communities, homes, and common areas are consistently cared for and well-maintained because residents are held accountable to deed restrictions. Property values are heavily influenced by this maintained curb appeal.
A well-kept home in a well-kept neighborhood is what attracts many home buyers to live in an HOA. You could say this is the biggest perk for most!
Cons of HOA Living
1. HOA Fees Can be Expensive
Unfortunately, many HOA communities can be expensive to join. High HOA fees, in general, entail more landscaping, general maintenance, and amenities. However, if you don't care about having a swimming pool or a gym, these high fees would be a waste of your money.
If a home has high HOA fees, make sure to get a list of everything that's included in the price so you know exactly what you're getting and if it even benefits you personally. In addition, carefully examine your monthly budget to ensure that you can manage to pay the monthly dues.
2. HOAs Have Rules and Regulations
If the monthly fees are reasonable, paying HOA fees may not seem as bothersome. You should be aware that the HOA has rules regarding the exterior of your home, even if you're fine with the fee.
Color, type, and size restrictions may apply to your front door, shutters, and windows. Associations can even restrict your outside decor and the number of vehicles you can park. A fine may be imposed if you violate the rules and regulations of the community.
3. HOAs Can Lack Privacy
It goes without saying that you will not have a lot of privacy if you live in an HOA community with homes practically touching each other, such as a townhome, apartment, or even some single-family homes.
Those who like a rural or country lifestyle and don't want to be involved with neighbors should consider homes with no HOA. The benefit of living close to your neighbors is meeting more people if you are more social and thrive in a community.
Is a Community Right for You?
Bottomline, HOAs aren't for everyone. If you want complete privacy or the ability to change the appearance of your home, you probably won't be content living in an HOA community. However, if you want a low-maintenance lifestyle, HOA living may be ideal for you. Whatever you decide, carefully consider the benefits and drawbacks of HOA living.
As a final point, don't forget the importance of working with an experienced and knowledgeable Realtor. We look forward to assisting you on your home-buying journey!
3 Common Mistakes to Avoid When Buying a New Construction
The idea of a new construction home sounds appealing to many people. New construction homes provide endless customization options and the opportunity to truly make your own personal touches In a brand new home, you won't have to worry about old, stained carpets or old appliances; instead, you can select what best suits your family's individual tastes.
While choosing your favorite brick, paint, and countertops may be exciting and seem pretty simple, the buying process for new construction homes can be quite challenging without any prior experience and knowledge.
The good news is that following these tips for buying new-construction homes can save you money, and time. Here are three common mistakes to avoid when purchasing a new home.
Failure to Research Your Builder
Buying a new home will most likely be one of your family's largest investments in a lifetime, so it is essential that you prioritize quality, especially when it comes to the developer or builder in charge of creating your new home.
Even if you have completely fallen in love with a neighborhood and the style of its homes, you still must research your builder thoroughly. Look for reviews online, and keep an eye out for any patterns and feedback you may see, such as an excess amount of premature repairs/issues, poor workmanship, cut corners, and delayed construction.
You as the buyer can decrease your risks by doing appropriate research ahead of time, to save you both time and heartache!
Failure to Budget for Extra Costs
New builds can start as blank slates. Sure, some people may not consider it necessary to have privacy fences or gutters, but it’s only a matter of time before they realize they really dislike having a straight shot of their neighbors every time they sit on their porch, and they’ll probably be calling the gutter company after that first hard rain that creates trenches in the new lawn all around their home!
If you build in a community that has a Homeowner’s Association (HOA), you’ll want to read over the rules carefully. Make sure you set aside the expenses ahead of time to take care of any loose ends to be in compliance with the HOA. After all, nobody is excited about getting a letter from their Homeowner’s Association during the first week in their new home!
Failure to Work with a Realtor
There are most definitely some differences between buying a pre-owned home and a new construction home. As a result, unless you are an extremely experienced buyer, it is critical to have proper representation and take precautionary measures throughout the purchasing process of a new build.
It is of utmost importance and in your best interest to hire a Realtor before visiting potential locations and the property sales office. You always want your Realtor present to represent you properly! A Realtor will work to ensure that you are set up for success from the start, handling communications, disclosing the benefits and drawbacks of the property, and may even be able to help you negotiate lower costs.
Bottom Line
Purchasing a new construction home has significant advantages. However, there are numerous pitfalls, so buyers should exercise caution at all times and have the assistance of a real estate professional throughout the process. Before signing off on your new home, carefully consider all of the advantages and disadvantages of new construction.
3 Tips for Buying Commercial Real Estate
The term commercial real estate refers to property that is used for commercial purposes. This could mean storefronts, land with the potential for profit, and rental properties. Examples of commercial property would be office buildings, malls, grocery stores, and more. Commercial properties are also divided into five categories such as multi-family, office, hospitality, retail, and industrial.
Commercial real estate is subject to different laws, financing, and taxes than residential real estate. While the purchase of this type of property is an exciting investment, it can be a lengthy and complicated process that the average person isn’t familiar with. Since there is so much to be known before making such a big decision like this, here are a few tips for purchasing your first (or next) commercial real estate property.
Know Why You Want to Invest
Before you begin searching and investing time looking for commercial real estate, it’s vital to ask yourself why you are wanting to make this investment and if it’s right for you. If you are unsure of your ultimate goals, you may want to reconsider. Here are some questions you may want to ask yourself:
- What kind of property do I want?
- What do I plan to use the property for?
- How much of a down payment can I make, and is this feasible?
- Will I need a property manager?
Arrange Your Financing
It is important to ensure that you can afford your investment before starting your search. Securing financing ahead of time allows you to create a budget and compare your financing options before committing to a deal. To find the best rates, speak with several lenders and consider various loan types.
If you know what kind of financing options you have before you begin your property search, you will know exactly what you can afford and the process won't be stalled.
Do Your Due Diligence
When you begin your search for a commercial property, your real estate agent will show you quite a few before you settle on one you think is right for you. Refrain from feeling rushed to purchase the first one you see.
It is important to consider the price, allowed uses, condition, and location. In areas near downtown, hospitals, universities, and busy areas, properties sell more quickly and for a higher price. Ask yourself some more questions such as:
- Is it worth taking risks for the potential rewards?
- Is there another property that would suit my needs better?
- What has this property been used for in the past?
- Is there any maintenance that would be required immediately?
316 Realty Group is Here for You
It goes without saying that identifying a property to buy can take time, a lot of money, and the help of a professional is definitely needed. Finding someone who is aligned with your goals is important. Finding and purchasing commercial real estate is a complicated process with many facets, and you'd be better off working with an expert than trying to figure it out on your own.
316 Realty Group offers commercial real estate services in the greater Houston, Dallas / Fort Worth, Austin, and Waco markets. You can rely on our team to help you develop an investment strategy, search for properties to purchase, analyze the deal, acquire concessions, negotiate the terms, and identify the best options. Contact us today, we look forward to working with you!