Page 1

Tips on How to Buy UK Commercial Property Owning UK commercial property is undoubtedly an awesome investment. However, it only applies if you shop smart and are clear about your goals. The following are guidelines on how to purchase commercial property. The first thing you need to do is determine your needs. You need to jot down what you are looking for in a commercial property. It is imperative that you take into consideration among other things the size of the building. Of course you need tons of cash to buy the piece of property. Unless you have it at hand, the second thing you ought to do is have a chat with a mortgage lender. You should not settle for the first lender you come across. Look around and settle for one that is trustworthy and that has significant experience handling loans for commercial property. Do not get ahead of yourself. Before you go out looking for an estate agent to help you with the purchase, make certain you have a pre-approval with the lender. The benefit of this is that it will help you recognize the pieces of property you best qualify for. The third step is finding the right estate agent. Again, do not settle on the first one you lay your eyes on. Natter with more than a few of them. Contrast their services and charges. Make sure that you effectively communicate your needs and preferences. If you are buying UK commercial property for the first time, take the time to have a chat with the agent. Find out all you possibly can about the process. Be sure to conduct a thorough background check on the agent. Ascertain that they are licensed to offer their services in the field. Have a chat with some of his/her clients. This is the only way you will be able to tell if you are making a good decision or not. Referenced sites: http://www.propex.co.uk/ http://www.bloomberg.com/news/2012-04-17/u-k-commercial-property-values-fall-for-fifthstraight-month.html http://www.capitaleconomics.com/uk-commercial-property.html http://www.costar.co.uk

UK-Commercial-Property  

Advertisement