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Posts tagged "Commercial Property Closings"

Things to consider when buying your first home in Florida

Buying your first home is a big step in responsibility and investment. It can mean that you are able to accumulate a great deal of worth quickly when the property market is booming. But it also means that you will face monthly mortgage repayments that can be imposing on your financial life.

What should I look for when closing on commercial real estate?

Both residential and commercial real estate closings used to involve both the seller and buyer sitting at a table to finalize a purchase, but a lot has changed over the years. Most closings are now handled electronically at a distance. While this may be convenient for some, it makes it even more important for sellers and buyers to practice some due diligence of their own to ensure their closing goes as smoothly as expected.

Commercial and multifamily lending reaches an all-time high

Just last week, a report published by the Mortgage Bankers Association (MBA) captured how commercial lending in 2018 was projected to outpace previous years. The study's authors also noted that they're expecting multifamily and commercial origination loans to reach $532 billion this year, at least $2 billion more than last year.

Closing on the property you choose for your business

As we recently discussed, buying commercial property means that you need to do your due diligence. This isn't always easy to do when you have your mind set on purchasing a specific property. We realize that you have your company's interests in mind when you are reviewing potential properties. Thinking about the possibilities may cloud your ability to notice if something is amiss.

What are some common commercial buyer due diligence mistakes?

Commercial real estate transactions are handled differently from residential ones. With the former, there is less governmental oversight and few disclosures that buyers and sellers must sign. This can create liability issues for both parties involved in the transaction.

Commercial property closings must be handled carefully

Finding the perfect property to buy for your business is exhilarating and frightening all at the same time. You are probably excited about the possibilities that the property will offer your business but you are concerned that something is going to go wrong before closing. This is understandable but learning a bit about the process and what to expect might help you feel a bit less stress.

What are some common commercial real estate title problems?

Purchasing a commercial property, for whatever reason, can be one of the most exciting purchases you will ever make in your life. You might be venturing into the restaurant industry or you are opening a retail store. Maybe you are opening a warehouse. It doesn't matter what it is you are doing, the purchase is a big one and one that shouldn't be taken lightly. So, what are some of the common commercial real estate title problems you could encounter?

Buying or selling a property is a big commitment

Real estate is a big part of Florida's economy, and individuals and businesses alike are often looking for the right place to make a base. Between new shops needing a storefront to second homes near the shore, someone is always buying property to make a dream come true.

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