You have a great piece of commercial real estate that you’re looking to sell, but you need to know how to find the right buyer. There are many ways to find a commercial real estate buyer.
If you’re considering adding commercial real estate to your investment portfolio, look no further – this is the article for you.
Investors use cap rates (short for capitalization rates) to gauge the quality of an investment. But what is a cap rate, how is it used, and how is it calculated?
Unless you have potential buyers lined up, you should contact a commercial real estate broker to help sell your property quickly and correctly. A great commercial real estate broker can provide you with a list of active qualified buyers; tell the broker if you want to sell fast.
A commercial real estate broker works with property owners and tenants to buy, sell, and lease real estate for commercial use. Compared to buying a home, where a lot of emotion is involved, a commercial agent understands that investment real estate is mainly a numbers game.
Demand for apartment buildings will remain strong, considering many buyers have already been priced out of the market. Due to rapidly rising mortgage rates, buyers need to earn more than $100,000 to afford to buy the median-priced home. However, only 15% of the renters earn that income.