Are you seeking a good return on your investment?. A better return than you can ever get from a bank or money market investment? Why not invest in commercial real estate. While the residential real estate market throughout the United States is suffering, commercial markets for real estate are booming. Have you always wished to invest in real estate, but hesitate due to current market conditions, commercial real estate may be the solution. For a market that has great possibility look into Chapel Hill real estate.
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Keep in mind that there is a huge difference between commercial and residential real estate before investing. The legal issues surrounding these very different markets also vary a lot. Due diligence in commercial real estate is different than that in the residential market. It will still be advantageous for you to have a property inspection and a survey when buying commercial real estate If necessary, be sure that easements are part of the sale.
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Most individuals have the misguided notion that all easements are burdensome for the property. In reference to commercial property, there are many easements that can enhance the property. In some cases, people will have to drive their vehicle through property owned by someone else. Whoever purchases commercial real estate needs to be sure that they get easements for parking or entering and exiting. These may come as part of the property?s deed or easement agreement. To find a profitable real property market consider Chapel Hill homes.
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You can only find out if you need easements by getting a survey that shows any easements that are pertinent to the property as well as the property itself. Your title insurance commitment should also have a legal easement description. The title insurance company must do a search of the commercial property in question and any other properties from which you are receiving an easement. The reason for performing a search on all related properties is listed below.
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You must be sure that the person who is agreeing to the easement is legally entitled to do so.
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You must be certain that there are not any burdens that are placed on the easement property that could in any way keep you from using it.
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It is vital to make sure that all property tax payments on the easement property are current. It would be unfortunate to purchase a commercial real estate property that is dependent on easements and discover that the property is in a tax sale. A person who purchases the property could insist that you pay money to use their property; they may even erect a fence to prevent you from using the land.
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When you are considering a commercial real estate investment, be certain you have a lawyer that is very skilled with commercial real estate, not only residential housing. Commercial real estate is not the same as residential real estate, and this is something that your attorney should be familiar with and experienced to address.
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Source: http://www.financingrealestate.biz/investing/investing-in-commercial-real-estate/
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