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The Business of Commercial Real Estate Sales
from:Because of the purpose of this property type, the sale of commercial real estate has strikingly different aspects than that of residential properties. While an owner of a commercial property need not be licensed in order to make a legitimate sale, non owners will have varying licensing requirements depending on their state of practice. In some states, requirements can be fairly lax. In others, one must first obtain a commercial seller's license. For those who choose to wholly specialize in the sale of commercial real estate, there are entire curriculums dedicated to the pertinent aspects of successful commercial property sales.
While many tend to think of residential homes when it comes to the real estate business, commercial real estate sales actually make up a very large part of the industry. Whether looking for new office, retail or restaurant space, it can take a professional to identify the combination of advantages and disadvantages in a property and direct his or her clients in the right direction. The ethical agent looks to educate his or her client so that fully informed decisions to be made. By performing the proper research, agents can assess fair market values for their clients and ensure that all the standards for a sale or purchase are legally met. This can create a stress free real estate experience for everyone involved.
There are some firms that combine their experience of residential, industrial and commercial real estate sales under one roof, while other agencies choose to focus only on commercial properties. This type of agency is likely to provide better, extensive listings for their clients. Depending on the experience of the agency, these listings can range from strictly local venues to listings with international locations. Dealing with listings on international levels is another type of real estate training that requires agents to be able to focus on a great amount of detail. He or she will likely also have training in real estate law.
Many commercial real estate agents are now further specializing in what is called niche properties. Niche properties are those that have a very specific purpose, catering to a special type of business. For example, retirement facilities, dentist office buildings or and industrial complexes would all be considered niche properties. Many of these types of agencies invest in specific niche properties as an extra service to their clients. At times, they will invest in raw land for the future use of niche properties once the proper permits are acquired. Property ventures that produce income via capital gains or rental income are quickly becoming one of the most popular investment options available.
Real Estate Illinois News
RE/MAX Names Northern Illinois Residential Top 20 for 2011: Chicago Real Estate Agent, Lake Bluff Team Capture Top Spots
The RE/MAX Northern Illinois real estate network recently honored its associates whose 2011 residential sales achievements earned them coveted spots in the year-end Residential Top 20.Chicago, IL (PRWEB) May 24, 2012 The RE/MAX Northern Illinois real estate network recently honored its associates whose 2011 residential sales achievements earned them coveted spots in the year-end Residential Top ...
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As the commercial real estate market slowly recovers throughout Chicago and its suburbs, a pair of top brokers with the RE/MAX Northern Illinois real estate network pointed to one class of commercial buildings that are drawing increased attention throughout the region: medical office buildings, urgent care centers, hospital expansions and other forms of healthcare real estate. ...
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GREEN BAY, Wis. -- Micoley Auctions [www.fdicauction.com] announces the first ever FDIC Online Real Estate Auction with bidding through June 2, 2012, according to Wade T. Micoley, President.
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The RE/MAX Hot Air Balloon will visit Circle Center Grade School, 901 Mill St., Yorkville, Ill., on May 4 when the balloon crew will present an interactive educational program developed and sponsored by the RE/MAX Northern Illinois real estate network.Chicago, IL (PRWEB) April 24, 2012 The RE/MAX Hot Air Balloon will visit Circle Center Grade School, 901 Mill St., Yorkville, Ill., on May 4 when ...
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