Broward County Frequently Asked Buyer Questions

Answering Your Broward County Commercial Real Estate Buying Questions

Buying commercial real estate in Broward County is both thrilling and a bit unnerving; especially if you're a first-time buyer of commercial property. Both experienced buyers and first-time buyers alike will benefit from the frequently asked questions below.The questions below, will ensure you are a knowledgeable buyer prepared to make a confident buying decision.

Q - I've never purchased commercial real estate before. Where should I begin?

A - Actually you've already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities before you begin searching for specific areas, neighborhoods, or properties would be to:

• Familiarize yourself with your personal finances.
• Learn about the Broward County real estate market.
• Carefully review your budget and begin to eliminate as much debit as possible.
• Have a down payment and earnest money ready when the time comes to act and make your offer.

As your commercial real estate buying specialist, I'll protect your interest and manage the details of the real estate transaction on your behalf to your complete satisfaction. For more experienced buyers, a little brush up on the real estate process wouldn't be a bad idea. Of course, you'll need a really sharp Broward County real estate agent to protect your interests too!

Q - With all the bad news about mortgage products and property foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?

A - Once we meet and review your finances along with your real estate needs, you should select a lending consultant. I can recommend several trusted lending professionals or you can choose your own. Having utmost confidence in your lender is important. Be sure you feel completely at ease with your lender. They should speak to you in easy to understand terms. Ask lots of questions and never sign any documents until you know exactly what you are commiting to. Lending professionals are currently recommending fixed interest rate loans since interest rates are still very attractive. Of course, what type of loan is best for you depends on several factors. Here are just a few:

• How much money you have for a down payment?
• Do you qualify for any special business loans?

Because more commercial properties are available in the Broward County market, your choices are plentiful and the time is right to buy!

Let's Get Started!

Are you ready to schedule your commercial property buying consultation? If so,contact me Marc Oram, CCIM today and together we will review your needs and your budget to find the right Broward County commercial property for you!