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Commercial Real Estate Misconceptions: You Mean Location, Location, Location Was a Lie?

Article by Danny Luke

Commercial real estate is a wonderful, exciting business that can offer a wealth of opportunity for those who look for it! Many people are often hesitant to enter such a market as commercial real estate for many different reasons. In fact, there are some major misconceptions about commercial real estate which I am going to address here.

Many people who hear about commercial real estate, but aren’t necessarily in the business, often use the expression “Location, location, location!” Many people associate this expression as the truth, that the three most important attributes about a property are “Location, location, location!”

I am here to tell you- this is absolutely not the case! Now, I am not going to say location is not important, but what if you have a beautiful location for a mountain resort, complete with snowy hills, a perfect location for a lodge, and beautiful mountain views? What you want to do to the property is improve it for a weekend getaway for romantic couples with a beautiful lodge, resort, luxury type housing, and perhaps some individual cottages overlooking the green forest. Sounds great, right?

The perfect location- you can’t beat it! But, you learn that the zoning for this property is residential, R1, to be exact. The use is only one single family residence per acre, and no commercial property allowed. What happened to your “Location, location, location?” It flew out the window!

The most important aspect of a property is the use. What is it intended for by designation of the city or county? It does not matter where the property is, if you cannot get the zoning that is in the realm of your intended use.

It is possible to get properties rezoned, especially as cities change and grow. Be sure to consult with the city or county to determine if these changes are even possible, because you do not want to buy a property that you cannot rezone, and be left with an unprofitable property on your hands.

Most people believe that commercial real estate is complicated and you need a special education or know how to succeed in the business. Many think that commercial real estate is filled with international finance, heavy and complicated math, complicated tax rules, and forms and applications that are just too complicated to understand correctly.

I am happy to tell you this misconception is the worst, because it puts a road block in front of many people’s aspirations to become a commercial real estate insider. Let me put this misconception to rest. There is math involved, and most of it is not at all complicated: simple ratios, adding, subtracting and multiplying. What is even better is you don’t have to do the math. There are others who can do that for you. The same is true with property management, inspecting the property, and doing the year-end tax report. In fact, commercial real estate is less complicated than residential real estate because you can focus your energies on a single deal that will be worth perhaps 10, 20, even 50 residential deals and more!

Let me put it into perspective for you. If you owned a business (many of you may), would you create strategies, keep the books, manage the many locations, sell on the front floor, and take out the trash after the day was over? I think not! Commercial real estate is made up of many people whom are there to help you with whatever you need. You must position yourself as a real estate insider, which is a leader in the business.

Another misconception is commercial real estate is management intensive, that you must manage every property you own. Let me tell you when you end up owning 10 or more properties, this is almost impossible to do! You do not have to actually manage your properties yourself, so you can concentrate on creating more deals. Hire a company or set a team in place to take care of this “day-to-day” business.

As you can see, what is passed around in dialogue about commercial real estate is not always true. Before you take everything to heart, be sure to get your facts straight. In fact, many people in this profession speak about commercial real estate as a business in which only the savvy and sophisticated can succeed. They often act this way because they want to keep people out of the market by differentiating themselves. If you were in this position, you would too!

About the Author

Quick Move Now are one of the leading house buying companies in the UK.We buy houses and will buy your Bryant Homes and your Barratt Homes. They will buy your house for 90% of its value and can turn around in 7 days.

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Choosing A San Diego Real Estate Agent

Article by J Harris

If you are selling your home in San Diego, or looking to buy, finding the right San Diego real estate agent can make a big difference in whether or not you get a good deal. But how do you find the San Diego real estate agent who is right for you? Here are a few points to consider when choosing a San Diego real estate agent:

Go for Experience

You may have heard it said that the three most important aspects of selling your home is location, location, location. Well, when choosing a San Diego real estate agent, probably the most important quality to look for is experience, experience, experience. The real estate profession is one with a high rate of turnover, and many San Diego real estate agents you come across will be newcomers. When buying or selling such a large investment as real estate, it just makes sense to use a real estate agent with several years of experience. Don’t even consider using a San Diego real estate agent without at least two years of experience, preferably more. An experienced real estate agent should have an established track record of buying and selling homes in the San Diego area. This professional expertise will definitely benefit you as you buy or sell your San Diego real estate.

Consider Personality

One thing that many people overlook in choosing a San Diego real estate agent is personality. Make sure to work with a San Diego real estate agent who has a compatible personality–meaning they understand your goals, are willing to be patient, and are good at maintaining communication with you about your real estate. If all they seem to care about is selling the first house they take you to, or tell you that your asking price is too high just to make a quick sale, then you know that the San Diego real estate agent you are working with is not really serving your needs. Look for a San Diego real estate agent who listens to your wants and responds by showing you houses that actually fit your criteria. Make sure they are comfortable with being patient until you find the real estate agent that satisfies you. Doing so will make the buying or selling of your real estate a much more successful experience.

Finding the Right Agent

You may be wondering how to find a San Diego real estate agent who has the characteristics mentioned above. The most effective way to do this is by word of mouth. Talk to other people you know in the area who have recently bought or sold real estate and find out who they would recommend. You can also use online websites, such as, to find a local realtor with the background and experience you desire. Once you do come across a San Diego real estate agent you think you would work well with, make sure to set up an interview. Try to interview at least three different realtors before deciding on which one would work best with you. Following these recommendations should make it much easier for you to find a San Diego real estate agent who will work diligently for you, and will help to make the buying or selling of your home go as smoothly as possible.

About the Author

John Harris is a researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit Homes for Sale San Diego

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Home buying is a big deal, but it doesn’t have to be difficult.

People buy homes for many different reasons. Most buy for the sole purpose of living the American Dream, others use the home buying market as an investment tool, and some even use the margins inherent in real estate transactions as their daily income. Many homes are sold each year as foreclosure listings. These can be purchased for a significant discount over market value.

There are many factors one needs to consider when buying a house, whether to live in or as an investment opportunity through a foreclosure listings directory.

First and most important is do the research. Know what you’re buying.

One of the most important factors to research when buying a home is location. City, State, and, even neighborhood should all be considered carefully.

We’ve heard it said over and over again. “Location, Location, Location”

So why is location so important? Well, unless you plan to live in the house forever, eventually, you or your estate will want to sell it. You want the home to appreciate in value. You also want to be able to sell quickly. What you don’t want is a house for sale sign sitting in your front yard for years.

It doesn’t matter how wonderful your property is, you’ll have a very difficult time trying to sell your home for top dollar in a bad neighborhood in a reasonable amount of time. This doesn’t necessarily mean that it’s a bad home. It simply means that there will be less demand. That’s not what you want when you decide or have to sell your house.

One needs to apply a neighborhood litmus test when buying a home. Things to consider include schools, nearby growth and development, and convenience. Local governmental agencies often list a school district’s rankings. This information can also be found on the Internet. If all else fails, real estate agents have access to this information and can be very helpful. The value of your home will appreciate much more if it is located in a neighborhood with good schools.

New construction nearby also plays a great role in improving the value of a house and should definitely be considered when buying a house. A neighborhood which is on the outskirts of a new development will benefit from the higher prices of the newly constructed homes. If, however, the neighborhood exhibits signs of decline, one should think twice before buying that house.

One other item to consider when looking for a house for sale is it’s proximity to places of convenience like shopping centers, transportation hubs, and parks. Remember, someone else will be house buying from you in the future. It will happen. And? They will be looking at the same factors at that time.