If you’re getting ready to jump into the thriving and hot Denver commercial real estate market, it’s important to be aware of the many facets that need to be taken into account before you dive into purchasing property. There are various things which need to be considered in order to make an informed and sound decision prior to entering this part of the economy. From the price of comparable property in the area to the important structural components which make up a property, here are a few of the things you need to consider before making a purchase in the Denver commercial real estate market.

Do Your Homework on the Seller

One of the most crucial components of your commercial real estate buying process will be dealing with the person or people that you happen to be purchasing the property from. The previous owner may be hiding certain key aspects about the property which you may not be aware of, and it’s important to research your seller to get any kind of information you can prior to finalizing a deal.

A seller may have a history of selling property that is in disrepair or may have misrepresented deals in the past. Assuming this person has completed more than one commercial real estate deal in Denver, you may be able to conduct a fair amount of research about the seller before you make the decision to purchase the property. Remember, you can’t simply rely on what someone is saying at face value and you absolutely need to take this into account.

Research the Area Surrounding Your Preferred Property

So you’ve found a potentially perfect location for your next commercial real estate property. The first thing you need to do is to determine the fair market value for the property based on what other properties are selling for. Research vacancy rates in the area and the type of income you can expect to receive through potential tenants. Gaining the necessary insight into what kind of income you can expect from your potential rental income property is an important part of the process. Never believe that every single property is worth its weight in gold and always go out of your way to compare it to comparable properties in the same area. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

So you’re in the market for commercial real estate in Denver and you’re looking to find ways to close the deal. Closing a deal can be a harrowing and stressful process, as you may be dealing with plenty of competition looking to snatch your perfect and preferred property away from you. Clearly, the last thing you would want to have to deal with is having to lose the property you are seeking due to some issue which could have been prevented. These things tend to happen, especially in competitive commercial real estate markets such as Denver’s. In order to avoid this unfortunate situation from playing out, here are a few helpful tips to know to make the next commercial real estate process a breeze.

Be Honest. Don’t Misrepresent Yourself

If you’re looking to purchase your dream Denver commercial real estate property, one of the most important things to keep in mind throughout the process is to be honest. Certainly, you don’t want to tell the seller more than they need to know, but you also don’t want to misrepresent yourself and what you are able to do. If you tell someone you can definitely afford their asking price, but you end up not being able to get a loan for that price, you will likely lose out on being able to seal the deal with this particular seller. Always be honest with them whenever it is in your best interest to do so. Simply Put, don’t get caught in a lie.

Be Prompt in Communication

Throughout the course of a commercial real estate deal, one of the most important factors to keep in mind is to maintain proper communication throughout the process. This means responding in a timely manner to texts and emails, as a delay in communication can actually mean the difference between you sealing the deal and losing out on your potential prized property. If you aren’t able to respond immediately to a request for something, the least you can do is to let them know that you will be able to respond soon. You don’t necessarily have to bow to a seller’s every whim and demand, but prompt and efficient communication can make a serious difference in terms of whether or not you seal the deal. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

In the hunt to find the most perfect property imaginable, many investors are often lost in the haze of their own bias, especially when it comes to what properties they should be investing in. This is also true of sellers, as many commercial real estate property owners make plenty of mistakes when they are attempting to sell their property. Clearly, there are things both owners and buyers overlook during the transaction process, making it important to be aware of the things that can help improve the overall process. Here are some of the things people overlook the most about Denver commercial Real Estate

Poorly Managed Financial Records

If you are looking to purchase a particular piece of property, you will definitely want to have a complete and accurate accounting of financial records for that given property. If you’re in the market to purchase Denver real estate because you are seeking an income property, you will want to know the specifics about that property and how profitable it has been for the current property owners. The last thing you want to involve yourself in is to purchase a piece of property which has been a major losing asset for the current owner.

Undisclosed Tenant Information

Let’s say you’re seeking your next big purchase into the commercial real estate market and you’re wanting to know everything you can about the property prior to buying it. The truth is, there are a select number of property owners who will do everything in their power to avoid disclosing certain details about their given property. Unfortunately, buyers may end up purchasing a piece of property which has a lot of undisclosed issues which will cost them greatly down the road. Always get the most thorough assessment of a potential property, using trusted inspectors to complete the necessary work for you.

Overpriced Properties

One of the big things many buyers overlook in the Denver commercial real estate space is to purchase overpriced properties. Of course, buying property in one of the hotter neighborhoods in town such as capitol hill and rino can be a very smart decision, but it doesn’t necessarily mean that every piece of property will be created equal. Often, there are situations where properties can be incredibly overpriced, causing a purchase to end up becoming more of a liability than an asset. Always have a proper assessment done to ensure that you don’t end up overpaying for your next commercial real estate property. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

So you’ve decided to make the intelligent, wise decision to begin the process of investing in Denver commercial real estate. Allow us to be the first to congratulate you on taking the initiative to invest in a highly lucrative, rewarding market which can provide continuous financial benefit for you long into the future. But you should also know that the commercial real estate market is full of bad deals, issues which can create a never ending stream of misfortune for you and your business partners. Whenever a person makes the decision to become involved in a part of the economy they are unfamiliar with, it’s best to understand what the first step should in terms of furthering this process along. 

Know Your Budget and then Get Approved for It

Without a doubt, perhaps the most important step you can take before you begin the process of finding your dream Denver commercial real estate property is to understand what your realistic budget is. Everyone has a vision of what they want to invest in, and dreams of finding the perfect commercial space can bring about visions of properties which may or may not be within your financial grasp. Although it is certainly good to dream big and to have large ambitions about what you want to do with the investing world, it’s also wise and prudent to take realistic steps toward finding your dream property.

Before you set out on the journey of finding your perfect property, you should first sit down and determine what you realistic budget is for a property. It’s important to understand that a person should not put every last cent they have into the downpayment of a property, as there will be plenty of other costs associated with bringing the commercial space up to the level you desire. 

A financial institution will want to see that you have excess capital after you put down the down payment, as the understand the amount of finances required to get something like a commercial operation off the ground. Once you’ve determined what your budget is, begin the process of becoming approved for a commercial loan so you can realize and implement your plans of owning a piece of Denver hot and attractive commercial real estate market.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

With spring just around the corner, the Elevation Reality Group is ready to partner with you to make your dream of selling your home in Montclair, University Hills, Hilltop or Goldsmith. In fact, with April nearing, you don’t have to undergo major renovations to make your home desirable in this white-hot Denver real estate market. With a few minor changes, you can upgrade your home’s curb appeal and get offers above and beyond your asking price. 

First Impressions Matter
Got a creaky, chipped or otherwise dilapidated front door? Switch it out! It’s a fast and affordable way you can make your home stand out from not only the others in the neighborhood, but also the others across Denver that are for sale. Choose a new door with a pop of color, an accompanying screen door, or decorative glass to bolster the look of your home’s exterior —while giving it more personality. Ditto for broken down, warped, stained or cracked garage doors.

Cleanliness Matters
Maybe your home’s doors and garage doors are in great shape —just a little run down. Long-accumulating mold, mildew, dirt, pollen and salt can easily be removed by having a pressure washer come in to clean your home’s exterior. Not only can a professional pressure washing team restore the exterior of your home to its previous beauty, they can also wash away unwanted small plant life and make vinyl sided homes like new.  If you own a shingled or wood sided home and are afraid pressure washing might be too harsh, don’t be. Any reputable exterior cleaning firm will possess the necessary tools to clean your home’s exterior without causing damage.

Plant Shrubs & Lay Sod
A home is only as good looking as the property that it sits upon. If your home is for sale and it’s sitting atop a yard of dead leaves and old shrubbery, it won’t look very tasteful to prospective buyers. Hiring a landscaping company for a day can go a long way to improving the look of your home’s exterior. By planting new trees, installing sod, and removing debris, landscape work can give your Denver-area home the makeover it needs to display it’s authentic, beautiful self —while making the list of prospective buyers grow. 

Work with Denver’s Best
There’s one thing that will help sell your home no matter what season is approaching: working with the friendly, knowledgeable staff here at Elevation Reality Group. Contact the Elevation Realty Group team today to set up a free consultation where we can confidently and confidentially discuss your residential or commercial real estate needs. Our vast experience in the Denver real estate market has helped make us one of the region’s most trusted realtors. And while the market may be booming, we’re never too busy to treat each of our clients like their our only client, right up until the moment it’s time to close.