EdisonIndustrial
Why Didn’t I Buy Before? How to Avoid it | Industrial Real Estate
Why Didn’t Buy Before? or I should have Bought Before? These are phrases we hear from Client many times over the years. Buying an Industrial building is not a easy decision and there are many variables that can affect the decision. However, in the long terms is one of the best decisions. In our business we see more clients having regrets for NOT buying than actually Buying a building. Here are some tips to avoid missing out on opportunities.
Think of What’s the Cost of NOT Buying: One of the most important tip! When looking at spaces, most Buyers concentrate at what’s the sale price and how much works the space needs. Very few think on what’s the cost of NOT buying. By not buying, Buyer can miss out on BIG gains over time and also be at the mercy of landlords and market rents. Putting the business at risk.
As Business, this is YOUR home first, then an Investment: ACT quickly, don’t overthink the purchase. Buyers can confuse buying a building for their business, as an investment; then run dozen of spreadsheets which could tell them not to buy. However, Buyers should also add the emotional side of making the building a home for their business, giving you freedom to customize it and grow. Things that might not be valued on spreadsheet.
Work with Right Broker: A lot of Buyers thinks a broker can be pushy and trying to “sell” them something.
However, the right broker pushes because he/she doesn't want you to miss out on the opportunity. Start with a broker who specializes and is knowledgeable on Industrial space or the space you are looking for. That broker will help you make the right decision.
Hope this helps. Thanks for following us. We’ve had the opportunity of assisting manys Buyer their warehouse space search. You can contact us with any questions. Visit our website www.WarehousesMarket.com for more information and latest listings.
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