5 Tips for Buying Commercial Real Estate Properties in Boulder, CO
With more and more commercial real estate properties placed for sale every day in Boulder, Colorado, the current commercial real estate state reveals a buyers’ market. Competition is getting tougher and the environment is perfect for you to buy some great commercial real estate properties at affordable prices. When it comes down to it, what will get you the best results in negotiating a deal is your tactic, and we are here to show you just how to get the most out of your deal, by utilizing just a couple of simple tips.
Know your outcomes before coming to the table
Before you begin negotiating your commercial real estate deal, you should have your game plan scheduled ahead. Know exactly what price you are going for and which terms are crucial for you. Furthermore, you should know whether there are any changes you want to make to your original offer. Come prepared and be well-versed in the specifics of your deal.
Know how to handle negotiations around commercial real estate properties
There are two ways you can go about this. First, since no one is more eager than you to purchase this Boulder commercial real estate property and get exactly what you want, you might be tempted to negotiate on your own. If you do go this route, make sure to brush up on your people skills. Arm yourself with patience and a big smile and work hard to get what you desire. However, if you don’t have the time or the skills, it’s best to leave negotiating to an experienced commercial real estate agent. You will be fully immersed in the negotiations and in the hands of an expert.
Research before you negotiate
Before you sit down and talk with your seller, do your homework and investigate as much as you can. Primarily you should look into the property, its history, details, and any information that will help you put together the big picture. It’s also worth investigating the seller, their motives and background.
Listen to clues regarding seller’s motivation
Everyone imagines their sales negotiations as smooth sailing. However, getting your commercial property in Boulder might require you to face an obstacle or two along the way. The reason being, your seller is highly unlikely to accept all of your conditions. Make sure to listen to what your seller is saying and read between the lines, seeking for their motivation to sell. In most cases, you can simply ask and get a direct answer right away.
Be easy to work with
This one may be the most difficult to achieve, but do you want that Boulder commercial real estate property or not? Make small talk with your seller and ease them into the situation. Getting off on the right foot will do wonders along the way as you get into negotiation details.
If you want to buy some commercial real estate property and not worry, I’m the right person for the job. Todd Walsh CCIM is a real estate agent specializing in in commercial office, industrial and retail leasing and sales. With a focus on Boulder, Colorado, I know the CRE market so well that I can find the right property for you in no time. What’s more, I’ll make sure that buying or leasing it is a no-hassle process for you as prospective owner or tenant. Contact me today so we can find your ideal commercial real estate property together.