Chiro MC

May 5, 2009

The Perks of Commercial Real Estate to San Diego Citizens

Filed under:The Real Estate Brokers Way — admin @ 12:08 am

Commercial realtors definitely recognize the countless benefits of commercial real estate, especially in a place as sophisticated as San Diego, CA. One of the most apparent advantages is earning money in many different ways from this type of investment.

Some of the advantages you get from commercial real estates include: purchasing the property, gaining equity and then turning around and profiting on the sale, renting or leasing the commercial real estate to acquire and sustain a monthly rental income and purchasing an office building and managing your own business from the property.

However, in this time of recession, commercial realtors are having a difficult time selling an investment property in a very tough market, whether in San Diego or elsewhere. Here are some practical tips and tricks to help you beat this dilemma:

• Just “stage” your vacant properties. All you need is a little creativity to do this. Try adding color to the bathrooms using fine-looking shower curtains, towels and rugs. A bowl of mock fruits can even enhance a boring countertop and make it look more appealing.

• Get in touch with an expert mortgage lender to design financing flyers distinct to your investment property. These flyers should provide a variety of loan programs and show would-be buyers how inexpensive your property can be for them.

• As commercial realtors, you should know your competitors and keep an eye on them. Surely, there are many of them doing the same thing in a sought after and prime city such as San Diego. You can opt to price your property, say, $100 less than the lowest price of a comparable property. Doing so will virtually ensure your property is considered before the others because it will appear on the list first. Examine your competition constantly to guarantee your competitiveness.

• Provide closing cost assistance. Investors in the real estate industry are anxious to part with their money. Roughly 3% of the sales price must cover the buyer’s closing costs. If there are 10 other properties the same as yours on the market, consider giving a flat screen TV, or some other bonus to set your property apart.

• Have your commercial real estate professionally photographed. Pictures are the first vital impression for the 85% of buyers who browse properties on the Internet.

Recession or not, commercial real estate is always on the winning end. Just practice the techniques above and you’ll surely be a top commercial realtor in San Diego.