Florida is one of the most populated states in the country. In fact, with the population growth rate the state has right now, by the time the 2020 Census is undertaken, the population will excess 22 million. And if growth rates continue, Florida’s population could surpass 26 million by 2030. The state’s rapidly increasing population makes it a great place to start businesses. So if you’ve been thinking about looking into commercial real estate for sale, here are just a few common misconceptions about commercial properties you shouldn’t believe.
All commercial vacancies are advertised to the public. Many people make the mistake of thinking that all of the commercial vacancies in the area are publicly advertised. But the fact is that only a fraction of commercial spaces available are actively advertised. This is where working with a Fort Lauderdale realtor becomes extremely beneficial. Realtors have access to information about properties that aren’t publicly advertised or on the market. This means you can scoop up a great deal before anyone else has the chance to do so.
Buying commercial property costs too much money. While you certainly should have money to fall back on, banks often care more about the potential profit of the property and less about how much money you have to put down on the property. Most commercial property investments involve borrowing money to finance the investment, which means you have plenty of options for getting the money you need. So if you’ve been letting money hold you back from looking at South Florida commercial real estate listings, don’t let it stop you any longer.
It’s too hard to find a good deal on property. People with business ideas often hold themselves back by waiting for the “perfect deal” on a property. But it’s important to remember that it’s not about getting a good deal, it’s all about how you go about buying the property. Investing in commercial property is more about how you proceed — focusing on the ups and downs of the market, the type of property, and establishing risk profiles can help you get a good deal. The top real estate agents will work with you to ensure you’re happy with your purchase and you feel comfortable with the investment.
Buying commercial property can be a scary yet exciting life event. So keep these misconceptions in mind and work with a reputable Fort Lauderdale realtor to ensure you get the best property possible.