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Commercial Real Estate Agents: Lenders, Mortgages, Investments And Real Estate Loans
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Published: September 6, 2007
A lot of time, effort and money needs to be put into a business for it to have a chance of prospering. An important part of building a business from the ground up is investing in land with which to build upon. This is where commercial real estate agents and real estate lenders come into the picture; to make the dream a reality.
They make transactions smoother so the consumer can make the best investment for their future.
When choosing commercial real estate agents, it is important to consider their credentials. Remax suggests asking family or friends for referrals, going through the areas of interest and keeping an eye out for a repeated name on other real estate signs, and of course keep in mind their areas of expertise. There are numerous designations for commercial real estate agents to fall under, but the ultimate distinction is a CCIM - Certified Commercial Investment Member. This person is a "recognized expert" in the fields of commercial and investment real estate. Since it is such an elite position it is estimated six percent of around 125,000 commercial real estate agents nationwide have the distinction of being a CCIM, as reported by the CCIM Institute.
Along with weeding through commercial real estate agents to find the most suitable, it is necessary to attain a commercial real estate loan. This is not the job of commercial real estate agents. Real estate lenders are most appropriate for obtaining a commercial real estate loan. They come into play when a consumers middle credit score is known and offers are ready to be made through commercial real estate agents. A consumer would apply for credit to at least three lenders and call each during the same week; this would be considered one inquiry on a credit report. A credit bureau expects people to weigh their options when looking for a commercial real estate loan, so more than one inquiry is recommended.
As with contacting commercial real estate agents, ask around for notable lenders. They are a viable asset in setting up a business. Setting up a mortgage does not have to be difficult or unsettling if investors are comfortable with their real estate lenders. The same goes with commercial real estate agents. It is more than just building a rapport with them. A level of trust and understanding with commercial real estate agents and lenders is integral to the purchase of property.
If the commercial real estate agents have done their job and found the perfect properties, and the lenders have obliged and offered good deals on mortgages, they have done their part. The rest is up to the mastermind to build the business of his or her dreams. There will be transactions with other people, but the deals done with commercial real estate agents and lenders have laid the groundwork for future work to take place.
Sources:
Fisher, Jeannette J. "How to Choose a Real Estate Lender." PlanetLoan. 2005. 2 Sept. 2007. http://www.planetloan.com/library/home_loans_lende r_choosing.htm.
"Real Estate 101." Remax. 2007. 2 Sept. 2007. http://www.remax.com/residential/real_estate_101/w ork_with_agent/index.aspx.
"What is a CCIM?" CCIM Institute. 2007. 2 Sept. 2007. http://www.ccim.com/about/ccim.html.
Related Articles
When choosing commercial real estate agents, it is important to consider their credentials. Remax suggests asking family or friends for referrals, going through the areas of interest and keeping an eye out for a repeated name on other real estate signs, and of course keep in mind their areas of expertise. There are numerous designations for commercial real estate agents to fall under, but the ultimate distinction is a CCIM - Certified Commercial Investment Member. This person is a "recognized expert" in the fields of commercial and investment real estate. Since it is such an elite position it is estimated six percent of around 125,000 commercial real estate agents nationwide have the distinction of being a CCIM, as reported by the CCIM Institute.
Along with weeding through commercial real estate agents to find the most suitable, it is necessary to attain a commercial real estate loan. This is not the job of commercial real estate agents. Real estate lenders are most appropriate for obtaining a commercial real estate loan. They come into play when a consumers middle credit score is known and offers are ready to be made through commercial real estate agents. A consumer would apply for credit to at least three lenders and call each during the same week; this would be considered one inquiry on a credit report. A credit bureau expects people to weigh their options when looking for a commercial real estate loan, so more than one inquiry is recommended.
As with contacting commercial real estate agents, ask around for notable lenders. They are a viable asset in setting up a business. Setting up a mortgage does not have to be difficult or unsettling if investors are comfortable with their real estate lenders. The same goes with commercial real estate agents. It is more than just building a rapport with them. A level of trust and understanding with commercial real estate agents and lenders is integral to the purchase of property.
If the commercial real estate agents have done their job and found the perfect properties, and the lenders have obliged and offered good deals on mortgages, they have done their part. The rest is up to the mastermind to build the business of his or her dreams. There will be transactions with other people, but the deals done with commercial real estate agents and lenders have laid the groundwork for future work to take place.
Sources:
Fisher, Jeannette J. "How to Choose a Real Estate Lender." PlanetLoan. 2005. 2 Sept. 2007. http://www.planetloan.com/library/home_loans_lende r_choosing.htm.
"Real Estate 101." Remax. 2007. 2 Sept. 2007. http://www.remax.com/residential/real_estate_101/w ork_with_agent/index.aspx.
"What is a CCIM?" CCIM Institute. 2007. 2 Sept. 2007. http://www.ccim.com/about/ccim.html.
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