watches esq
3 Good Reasons to Purchase Commercial Foreclosures
If you’re considering relocating your corporation, expanding your facilities, or diversifying your real estate portfolio, you may want to give commercial foreclosures some thought.
The economy’s downward spiral over the last couple of years has resulted in business layoffs, strategic downsizing and some business closures. This historic blow has left the commercial property market crippled and in need of major recovery. As property owners work feverishly to climb out of their respective holes, many will not survive and will succumb to these difficult times.
As companies continue to dissolve, we’re witnessing an increase in the foreclosure rates within the commercial property market. Whether you’re shopping for a property for your company or an investment, you’re likely to find bargains in the most sought-after and competitive real estate markets throughout the US.
According to Costar, the go-to-resource for commercial property information, Florida is one of the nation’s leaders (ranking #2) when it comes to distressed commercial properties. Florida has more than 7700 commercial properties that are delinquent, behind on loan payments or in some stage of repossession. California occupies the #1 spot with over 10,000 distressed commercial properties.
Here are 3 good reasons business owners and investors should purchase commercial foreclosures:
1. Commercial foreclosures are sold at a fraction of their value.
An obvious benefit to purchasing any foreclosure is the reduced sale price. Most properties that are recovered by the banks through foreclosure are resold at a fraction of its value. Oftentimes, they’re sold for less than half of the original asking price. For a property investor, grabbing a property for significantly less than it’s worth, will provide for a better future investment.
2. Commercial leases can produce steady income.
As the real estate market attempts to recover, commercial leases are becoming more attractive. Property investors can purchase commercial properties in prime South Florida locations, and then lease those properties to companies in need of office or industrial space. With the monthly rental, an investor can cover his/her monthly mortgage and annual property taxes, and watch their investment grow until they’re ready to sell the property and receive a larger return on investment.
3. Good Return on Investment
If you’re like most investors you want to buy foreclosures for pennies on a dollar, but you want them to be worth much more by the time you’re ready to sell them. Smart investors will hold on to their commercial properties for a few years as the market rebounds and the value increases, and then sell them for two or three times the amount they paid and enjoy a nice project.
There are many good reasons to purchase commercial foreclosures, although we’ve only discussed a few. If you’re looking to buy commercial property in South Florida, regardless of your motivations, you may find what you need in the commercial property foreclosure list. As you begin your search, don’t forget to enlist the services of an experienced property acquisition lawyer in South Florida to help you navigate the process and secure the ideal property.
About the Author
Mark S. Schecter is the founder of Schecter Law, a South Florida law practice that emphasizes commercial litigation and real estate law in the Fort Lauderdale area. Mr. Schecter has decades of experience negotiating and drafting ironclad business contracts for small and large corporations, as well as defending and enforcing contract terms.
Pak Long Selagi Ada Rindu avi
|
|
ESQ Contessa Gold Tone 07100507 Watch *ESQ Ladies 07100507 ( 7100507 ) *18k gold-plated case and bracelet. *Swarovski crystals on the bezel *Jewelry clasp. *Mother of pearl dial. *Mineral glass. *Water resistant to 30 meters. *2 years original manufacturer warranty…. |
|
|
ESQ Eva Black Mother of Pearl Dial with Diamonds 07101012 Watch $250.00 *ESQ Ladies 07101012 ( 7101012 ) *Eva Collection. *Solid polished stainless steel case with multiple micro-chain bracelet. *Black Mother of pearl dial with silver tone hands and genuine diamond hour markers. *Scratch Resistant Mineral crystal. *Water resistant. *Precise Swiss Quartz movement. *Pushbutton release clasp. *Case measures 23mm diameter by 6mm thick *2 years original manufacture… |
|
|
ESQ Eva Mother of Pearl Dial with Diamonds 07101013 Watch $250.00 *ESQ Ladies 07101013 ( 7101013 ) *Eva Collection. *Solid polished stainless steel case with multiple micro-chain bracelet. *Mother of pearl dial with silver tone hands and genuine diamond hour markers. *Scratch Resistant Mineral crystal. *Water resistant. *Precise Swiss Quartz movement. *Pushbutton release clasp. *Case measures 23mm diameter by 6mm thick *2 years original manufacturer warr… |
|
|
Time to Unwind $4.99 Track Listing: 1. Freeze-Frame/J.Geils Band 2. Call Me/Blondie 3. My Sharona/The Knack 4. Woo Hoo/Newsboys 5. Deeper ‘99/Delirious 6. Unbelievable/EMF 7. A Girl Like You/The Smithereens 8. Free Ride/Audio Adrenaline 9. Honey Please/Sonichrome 10. All Fired Up/Pat Benatar… |
|
|
Mens Esq 300730 $250.00 Brand : EsqSize : MensMovement : Precise Swiss QuartzCrystal : Scratch Resistant Mineral CrystalRated : 30 Meters(99 Feet)Attachment :Two Tone BraceletSleek, architecturally inspired design is ideal for today’s fashion forward female, Distinctive case has 12 sides and is finished in brushed, polished steel, Dynamic brushed and polished steel bracelet is fully integrated into the case, Polished gol… |
|
|
Rhodium Finish Golf Bag Hinged Money Clip $39.95 Golf Bag Hinged Money Clip. Plated with rhodium for a high quality, durable finish. The clip is packaged in a handsome black gift box and comes with a lifetime guarantee. Specifications: |
|
|
Clocks and Watches includingthe property of G.C. Crabtree Esq. etc. catalogue of sale 10 Jan 1985 London. 222 lots, illustrated in b&w photos… |
|
|
The Fourth Watch $3.40 The boy plied his hoe in a listless manner, for his thoughts were elsewhere. Several hundred yards to the right stood the forest, glorious in its brilliant autumn hues. There among those trees the wary partridges were feeding or perching temptingly upon bough, fallen log or ragged stump. … |