How to Buy Commercial Property

Video Transcript

"How to Buy Commercial Property. Commercial Property is quite a bit different than a residential property or a land listing and you have to be very aware of the surroundings and what is happening in the specific business community you're looking in. The first thing I probably would stress to any client is get involved with a commercial agent, a real estate agent that specializes in commercial listings. This is something that is very tough to do on your own. A lot of people do it. If you're looking to lease something, it might be a little bit easier than if you actually want to buy a commercial property, but the first and foremost thing to do is get involved with somebody; a real estate agent in your area that specializes in commercial properties. There's a lot of things that go into it. If you have your business, your property that you're leasing or the the property that you are buying is going to be specifically priced depending on what the usage is for in the area, what the usage of the building of the actual property is for. And if you don't know exactly what you're doing, you really can get into a lot of trouble. So absolutely get involved with somebody very quickly that can take you around, show you what's going on in the area, show you what buildings are worthwhile for your specific business, but can also show you what type of traffic you're going to have in the area, if you have a retail shop or if you have any other type of business, whether it's retail or other. It's super important to have somebody on your side for this particular buying process."