Monday, 21 November 2011

How to Buy Commercial Property, Few but Important Tips

There are wide varieties of commercial property for instant office space, retail shop, mall, hotels, shopping centre, warehouses, etc. Before purchasing a commercial property, there are several things to consider. Very few, but important tips on how to buy commercial property:

  • You must have some cash as down payment for commercial property you are going to buy. Normally it is 20% of the property rate.
  • You need to map out the time for acquisition of property. Possession/Acquisition takes time even if you have right property and enough cash. You need to consider the time for negotiation process, checking out of environment issue, property appraisal, etc.
  • Gather higher information on commercial property and hire qualified property inspector to check the property.

Above mentioned are the few but very important tips on how to buy commercial property.

This is only an informative blog post, not a legal advice.
Posted by at 20:55
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    Thanks for sharing that video. I agreed that before purchasing a commercial property, there are several things to consider and those info you've shared would really help.

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    thanx for your appreciation, will post more relevant and informative blog post..

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    Commercial property management is the big question for everyone. Those helpful tips serves as a guide on purchasing a commercial property.

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