Losing a major tenant can raise many concerns for a commercial property owner.
Owning a commercial property comes with a lot of work. You have to collect rent, make repairs, find new tenants and so much more. When it becomes too much to handle/ you likely will consider selling the property. Or, you might decide to sell because the value of the property has increased during your tenure as owner. Either way, you likely want to know how you can effectively list the commercial property for sale.
An investigation has been launched by the Florida Office of Financial Regulation into the promise of thousands of dollars in investments for borrowers of home mortgagees. The investigation was launched into Five Star Elite Services, which is headquartered in Orlando. The investigation came to fruition after an investigative report from News 6.
Commercial transactions are some of the most complex real estate transactions you can enter into in Florida. Purchasing or selling a commercial property should never be ventured into without the assistance of an experienced commercial real estate attorney. Today, we will discuss some of the most common reasons why you would need an attorney for a commercial transaction.
When you decide it is time to enter into the real estate market, you might consider purchasing commercial real estate in Fort Lauderdale. The commercial market is a large one, with all types of buildings and land for purchase. You can purchase property that has already been developed and become a landlord. Or, you can buy empty land and develop it. Either way, here are some legal problems that can derail this transaction.
Since the end of the recession, home values have been steadily increasing. According to the latest data, the prices for homes across the country increased by 7 percent in the month of March, which is significantly higher than the same time from 2016. The 7 percent increase is the highest of its kind since May 2014. The data shows that half of the country's 50 largest areas are now overvalued. This means that the prices for homes are 10 percent higher than the sustainable long-term level.
Entering the field of commercial real estate can be rewarding, stressful and overwhelming all at once. There's plenty of information you need to know before attempting a commercial real estate transaction, whether you are buying or selling. You should also know what to expect when you reach closing for such a transaction in Fort Lauderdale, Florida. We will take a look at the closing process for a commercial transaction in today's post.
The Tax Cuts and Jobs Act passed in December of last year is bound to have significant implications in several different markets. The Florida real estate market is already experiencing the tax overhaul's impact. In particular, the commercial real estate market stands to benefit greatly from the new tax law-especially for high-net-worth investors.
When visualizing the ideal commercial property for your business, what comes to mind? Of course, that depends on the business one is engaged in and also based on the needs of the business, both current and future needs. A commercial real estate deal could be in the cards for your business. If you are thinking about moving your business into a different space, or thinking about making the jump from renting to owning, there may be a way to make your company's dreams a reality.
Real estate trends ebb and flow as they do in any financial market. Supply and demand both play big factors in real estate availability, pricing and desirability. Since trends by definition, come and go, there may be more attractive times to buy or sell in the real estate market. According to a recent study, Fort Lauderdale is sixth in the nation for investable real estate, both residential and commercial real estate.