Dorothy Garcia

Jul 232019
 

This Outreach session will provide guidance on how to do business with HUD, best ways for marketing your business to HUD, and the type of services and products HUD buys.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

For more information on small business grant and home ownership programs visit TopGovernmentGrants.com.

Jul 232019
 

It’s harder to find commercial properties. Although there are plenty of commercial investments in the market, these buildings don’t get preferential listings in classified ads or real estate catalogs as do residential listings. Use what you learn from this article in order to understand what you should be doing as you need to learn about the market and how to properly navigate it.

You should take digital photos of the condition. Be especially diligent in photographing any flaws that exist when you move in, like cracks in the wall or stains on the carpet.

Location is essential to the commercial real estate. Pay attention to the property’s surrounding neighborhood. Cross-check similar areas to see how they are growing. This research will help you figure out how the neighborhood you’re considering buying commercial property in is likely to grow and change over the next several years. If you aren’t comfortable with the potential growth rate or the atmosphere of the neighborhood, purchase property elsewhere.

Regardless of whether or not you are the seller or the buyer, negotiate! Make it clear that you wish to be heard and refuse to accept an unfair price.

You should expect your commercial real estate investment to require a significant time commitment. First, you will need to search for an opportunity and purchase the property, as well as perform any repairs that are required. Don’t throw in the towel because the process is taking too long to complete. Your rewards are down the road, and they are worth it.

Real Estate

When you are choosing real estate brokers, you should find out the brokers’ experience level in commercial real estate. Look for brokers who specialize in the type of commercial property that you’re purchasing or selling. Entering into an exclusive contract with that particular broker is a good idea.

Use of a digital camera is a simple and effective strategy. Be sure the photos capture any defects that exist in the unit, such as holes in the wall, and damaged or dirty carpets.

Try to keep your properties occupied. If you have any empty property, then you are responsible for its upkeep and maintenance. If you discover that you have multiple properties that are unoccupied, you should attempt to ascertain the underlying reason. Further action may be required on your part to avoid scaring off potential tenants.

Make sure that the commercial real estate you want to purchase is equipped with connections to all of the utilities you’ll need. You are going to need to sign up for utility services on your commercial property, along with the ones you have at your business.

Prior to negotiating with the lease of your commercial real estate, try to decrease anything that could be a default as you can. This can decrease the chances of tenants defaulting on that lease. This is something you want to avoid.

Before you sign a lease, find out about pest control. Look over your rental or lease agreement, and know if you are covered, especially if you live in an area with known infestations.

Both local and non-local advertising of your commercial real estate property will be beneficial to you. Don’t be mistaken by the thought that locals will be the only people interested in your sale. In fact, the interest level can expand far beyond the local scene as private investors expand their interest. These investors are searching for affordable property and may be interested in yours.

Finding just the right commercial real estate property is the first half of the endeavor. A little knowledge can go a long way.

Jul 222019
 

Commercial real estate can hurt or help you. You can earn a lot of money through real estate investments, but you can also lose your investment and end up in a worse position than you started in. When you are shopping for a property, do your research before you buy, and get funding ahead of time. This article is here to help you make the wise choices that are required to succeed.

Negotiate, whether you’re the seller or the buyer. Ensure that your voice is heard, and that you are offering-or receiving-a price that is fair for both parties.

Location is vital to commercial real estate. Consider the neighborhood of the property. Also, keep growth in mind. You’ll want to choose an area that is on the upswing and will continue growing for at least a decade into the future.

Regardless of which side of the negotiations you’re on, learn to haggle. Both the buyer and seller should attempt to negotiate a fair price rather than accepting the other’s first offer. Make certain that your voice is heard, and do what it takes to find a fair property price.

Your investment may require substantial amounts of your individual time and attention in the beginning. It takes time to find a lucrative opportunity and purchase a propriety, adding to that time to carry out any repairs and alterations that are needed. You should know what to expect and not give up. You will reap the rewards of all your hard work.

There are many things to consider when determining the best option between two commercial properties. When choosing between the two, think big! The difficulty in securing financing doesn’t increase linearly with the size of the building you are buying. By choosing a larger piece of commercial property, you will be getting a better rate per unit, giving you the best potential for success.

When selling a piece of commercial property, it is wise to ensure that you ask a realistic price. There are many things that can impact your value greatly.

Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. Properties centrally located near universities and hospitals will have a consistently higher value, and it will sell more quickly.

If you desire commercial property for rental purposes, locate buildings that are simply yet solidly constructed. These are the most likely to quickly invite tenants into the space, because they know it is well-cared for. This type of property will also make maintenance much easier on both you and your tenant.

You really have to earn your profits in commercial real estate investing. For a chance at success, you’ll have a large, initial down payment, plus significant time and effort. Even by pouring in all that, you still have a chance of losing money.

Jul 212019
 

Learn how with the assistance of a SCORE mentor, this woman turned her wall art idea into a viable business.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

Find additional information and resources on small business grants and loans, home buyer programs and impact investment programs from around the world.

Jul 212019
 

When possible, time your sell to pull in the most profit in your particular location. Unfortunately, such things can be difficult to discern. This article is filled with advice you will find useful in the process of selling your home.

Be reasonable when setting the listing price of your home. Look at compatible local sales and the values of homes in your area, then set a price which is at the higher end of the average. Don’t set too high of a price; you’ll only end up lowering it because nobody is willing to pay that price for your home.

Just doing small updates to your kitchen can have a big impact on the value of your home. You might want to switch out one appliance to update the look and provide a focal point. Island fixtures add extra counter space, while hanging storage de-clutters the cupboards and serves as ornamentation. No wonder they are such popular upgrades. If you cannot afford to change your cabinetry, apply a fresh coat of paint on it.

Minor updates to your kitchen can make your home significantly more valuable and appealing. Rather than taking a sweeping approach to updating the entire kitchen, which can be expensive, chose one visible kitchen appliance to update and use as an “eye-catcher.” Hanging storage and kitchen islands are also updates that are in high demand. Keep in mind that replacing cabinets can be very expensive, so consider painting the existing cabinets to create a cheap new look.

Washing your windows on both the inside and the outside can make your home look, and feel, bright, airy, and refreshing. Clean windows will make the house brighter, which makes the house look newer. Buyers will notice the sparkling windows, but don’t have to know it took you hours to scrub them.

Depending on what the market looks like in the area and what price you have listed for your house, you could find yourself negotiating with someone over price. If you want to make a quick sale, remain open-minded, and be willing to take any reasonable offer that you are given. If however you aren’t in a rush to sell your property, make sure that you have gotten the best offer available before signing a contract.

Real Estate

The housing market changes from season to season in many regions. Using any fall decorum during that season can make your home appear more welcoming to buyers. Also attend to seasonal considerations such as keeping fallen leaves from littering the yard.

Use as many channels as necessary to find or market your real estate. Use multiple channels to evaluate the real estate market in your area, including websites like Zillow, real estate agents, newspapers, and just driving around the neighborhood. The idea is to sell in a timely fashion and for a good price, so considering multiple avenues for outreach to local area buyers is in your best interest.

As was mentioned above, the reasons for selling deserve equal consideration to all other selling factors. In this article there were tips and suggestions regarding profits, pricing considerations, and other topics that are pertinent to real estate sales. Act upon this information to make the sale of your home easier and a less stressful event.

Jul 202019
 

This video explains how the SBA’s 8(a) Program works, its eligibility requirements, technical assistance available to small disadvantaged businesses through the program and common myths about the program.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

Find additional information and resources on small business grants and loans, home buyer programs and impact investment programs from around the world.

Jul 202019
 

With all the complexities and red tape of buying real estate, you can quickly be overcome by confusion or overwhelmed with the stress. Knowing all the various tricks for purchasing a home is critical.

If you want to purchase a new home, do some research into the neighborhoods of any residences that you are interested in. There is a lot of info available on the Internet. General demographics about the neighborhood, such as income levels and age distribution, can give you a good idea of what to expect if you were to move there.

A house that needs a lot of improving and updates will be a little cheaper. This will enable you to put any extra money in the bank, and use it to improve the house in your own time. You will have the ability to renovate the house to your exact tastes while you accumulate equity along the way. Focus on what the house could be rather than the poor condition it is in now. Your dream house could be hiding beneath some dingy carpet and outdated wallpaper.

When negotiating with a seller, make a reasonable offer. Some people try to push for their own advantage in every possible way, but this can bring resistance from the other party. Simply state your preferences and then let the lawyer and the Realtor handle the negotiations as their job descriptions require!

Be sure to find a partner you can trust to work together with, when buying expensive and large commercial property. With a partner, loan qualification will be easier. Having a partner gives you an extra person to help pay the necessary down payment and any needed credit in order to be qualified for a loan.

Don’t forget to look at your long-term plans when searching for a new place to live. You may be child free now, but sometimes people change their minds. So a look at the local schools can’t hurt.

Request a checklist from your Realtor. A lot of Realtors have ready made checklists of everything you need to do when buying a home. Such a document is a great way to ensure that all details of the transaction are addressed.

If you are looking to relocate, consider looking into the neighborhood that the house is located in online. You will be able to find a lot of information, even about small towns. Make sure that you can live comfortably in a town by researching the population, unemployment rate and salary ranges.

You should invest in a property right now. Property values are low due to a recent fall in the housing market. It is the best time to go from apartment living to being a home owner. The market will get better eventually if you decide to sell your property.

Make sure you prepare a list of questions to ask real estate agents during the interview process before choosing one to represent you. Your questions should all be relevant. For example, ask the agents about the number of homes they sold over the past year, and find out how many of them were in the neighborhood where you’re planning to live. Professional agents will be able to quickly answer these questions.

Listen to the advice of your real estate agent, do your own research, and have a checklist to complete all necessary paperwork when buying a home. You should use these tips to avoid mistakes that can happen to people buying a home. Good luck with your search and we hope you love your purchase!

If a home is in need of many repairs and updates, it is likely to be sold at a greatly reduced price. This will enable you to put any extra money in the bank, and use it to improve the house in your own time. You can use the money you saved to improve the home in a way that truly suits you. At the same time those improvements will likewise increase the value of your home. Make sure you can see the potential of the house rather than focusing on its drawbacks. Your dream house might just be a diamond in the rough.

Jul 192019
 

Purchasing properties can seem complex and tedious to the outsider, but if you are well versed in the aspects of real estate, the hunt can prove worth it. Don’t worry; this article contains advice so that you can avoid this.

Keep an account for extra costs that may be associated with purchasing real estate. Closing costs will include down payments and taxes. However, there may be additional items such as appraisals, surveys or home association fees.

Unless you live in a climate where it is absolutely needed, try not to purchase a home with a fireplace in any room other than the family room. It is difficult to clean more than one fireplace, and most people do not use them as often as they think they will.

If you are considering purchasing a house in a new neighborhood, you should look up information about the neighborhood using resources on the Internet. You can discover a great deal of information this way. Look at things like average salaries, unemployment levels and travel times. See if the place is worker friendly and if you can make the area a viable place to build a career.

Foreclosed Homes

In the majority of cases, a home that has been foreclosed on will need repairs. Most foreclosed homes have sat vacant for a period of time, and have not had regular maintenance. Many foreclosed homes need a brand new HVAC system, and can have pests that need to be taken care of.

Don’t start looking for a home before you’re pre qualified. A giant reason is because you need to know if you will get the financing before you get your hopes up. Getting pre-qualified will help you avoid trying to get a loan with the best interest rate at the last minute.

If the home needs a few fixes, it may sell for a much lower price. Purchasing one of these lets you save money, and you can put work into the home at your pace and on your budget. You can customize your home in the way you like, as well as build equity and add value with every improvement that you make. Concentrate on placing emphasis on the home’s possibilities instead of its flaws. Your dream home may just be hiding behind that cracked, outdated paneling.

It is critical that you research and find out as much as you can about a neighborhood before you buy a home there. If there are particular services that are missing in the surrounding area, or if the quality of the neighborhood ends up being not as great as you thought, you will end up very disappointed. You must know about the neighborhood, as this is key to your enjoyment of your home.

Size Listed

If you want to buy a new home, measure it wisely. You should make sure that the size listed by the owner is the same as the size listed in the public records. They don’t have to be exact, but they should be within a hundred square feet. If this is not the case, you may want to think twice about the purchase and/or ask some questions to find out the reason for the discrepancy.

If you are looking at buying real estate as an investment opportunity, it is a good idea to look into properties that will require some work. You’ll earn an instant return on it as you see your property value rises. Sometimes your value will go up more than what you invested.

Get a home warranty. Ask for warranty coverage when buying directly from a builder or from a seller. Reputable builders shouldn’t balk at warranting a new home for a little while. Ask if the previous owner is willing to cover the cost of a warranty on your home for a year at minimum, to help offset costs of repairs that might need to be made.

Now you are aware that purchasing properties does not have to be overly complex. Do your research and use the resources available and you will be rewarded. You can be ahead of the game when purchasing property if you keep this information in mind.

Jul 182019
 

Commercial real estate investing is quite a bit different than residential or other types of real estate purchases. The following article will help you understand how the commercial market works.

Prior to making a large investment on a property, look at the local income, unemployment rates, and contraction of the local employers. If the building is near certain specific buildings, including hospitals, universities, or large companies, you might be able to sell it faster and for more money.

Take some digital photos of your property. Include all the defects in the photo, such as carpet stains, or holes in the walls.

There is much more time and work involved in purchasing a commercial property rather than a residential property. Understand, however, that the intensity and duration of the process is necessary to achieve the higher return on your investment.

Real Estate

When dealing in commercial real estate, it is important to stay patient and calm. Do not rush into making quick real estate decisions. If the property isn’t really what you want, you will regret your haste. It may take a year for your needed investment to come about in the market.

Another factor to be aware of when shopping for property to rent or lease is who pays for pest control. Look over your rental or lease agreement, and know if you are covered, especially if you live in an area with known infestations.

Your investment might prove to be time-consuming in the beginning. Finding a good opportunity, going through the transaction and making any necessary repairs to the property takes time. Do not give up because this process takes too much of your time. Stick with it and you’ll be rewarded.

Websites with abundant real estate investment information are worthwhile references for novices and experienced investors. You can never know too much about commercial real estate, so keep learning!

Take note that commercial transactions take more time, they are complex and they take more involvement than home purchases are. If you want things made easier, you might want to change what you’re getting yourself into. Keep in mind though that the arduous nature of this process is just a stepping stone to better dividends yielded from the hours and money you invest.

If you are selecting a broker, ascertain the amount of experience they have had within the commercial real estate market. Make sure you know that they actually specialize within the area you plan on selling and buying. Also, consider entering into an agreement that will be exclusive between you and that broker.

Once you have narrowed your choices down to two major contenders, you should expand your decision to include the big picture. Getting the proper financing is going to the same hassle for a retail building with ten outlets as it would be for a retail property with twenty or even thirty units. Generally, it’s like buying in bulk; the more you buy, the less each unit is.

If you have the intention of offering your commercial real estate for rent, look for buildings that are simple and solid in construction. Because it is apparent that these types of structures have been kept in good condition, it greatly increases the chances that tenants will be quick to rent the space. In addition, these properties are low maintenance because they don’t frequently need repairs, a benefit to the owners, as well as the tenants.

Keep your rental commercial properties occupied. If you have an unoccupied property, you will be the person paying for the maintenance and upkeep. If you have more than one empty property, think about why that may be, and consider what you may be doing to drive tenants away.

As you have read, there are many things to know when you shop for your commercial real estate. In order to get the best possible deal, be sure to follow this article’s advice.

When you are picking a broker, make sure you know if they are experienced within the commercial real estate market. Verify they have experience in working with the type of properties you are interested in. You should be sure to enter into an exclusive agreement with that broker.

Jul 172019
 

Antony Bugg-Levine, CEO of the Community Development Financial Institution Nonprofit Finance Fund, manages $80 million of impact investments. He is also the author of Impact Investing: Transforming How We Make Money While Making a Difference.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

Find additional information and resources on small business grants and loans, home buyer programs and impact investment programs from around the world.