Buying & Selling Commercial Real Estate
“If you think hiring a professional is expensive, wait till you hire an amateur.”
I put out fires nearly every day of my working life, figuratively speaking.
Extinguishing actual oil well fires was the specialty of Red Adair. His assessment of the amateur hour applies to every aspect of the sale or acquisition of commercial property.
You need the skills of professional experts in commercial real estate, law, and critical financial calculations to succeed. Financial viability, rate of return, cap rates, and exit strategies all come into play.
Be careful out there.
The High Stakes of Buying or Selling Business Property
Your cousin the Realtor, who sells a house occasionally, probably isn’t the person to take you through the purchase or sale of commercial real estate. Nor is the general practice lawyer who saw your kid sister through her divorce. The money is too big. So is the liability. Contract terms are exacting.
For sellers, determining a property’s value is a complex, rigorous mathematical procedure. Detailed, precise information is required. Buyers need to perform due diligence at a level way beyond checking for termites.
And negotiating skills are critical for everyone.
Leave the gambling in Vegas.
Buying or selling commercial real estate? Contact Nancy Grekin early.