Commercial Listings
// September 28th, 2009 // Real Estate
Perhaps the next big bail-out will be to stop the bleeding of commercial listings, which have not benefited from the housing stimulus initiatives at all. As first time buyers move into houses with their $8,500 tax credits, many investors are having a hard time accessing credit or obtaining investment property loans to refinance their debts. While the scene is dreary, interested investors can still purchase foreclosures and take advantage of one of the nation’s largest inventory pools in more than 15 years. Now is no time to learn how to invest in real estate, but for those who already know what they’re doing, there are still a few dollars to be made out in the wilderness of this economic recession.
Many first-time investors like to go through a licensed real estate investment property broker when dealing with expensive commercial listings. The three biggest real estate franchisers are Century 21, Coldwell Banker and RE/MAX. Century 21 offers overseas property listings in 60 countries and consists of over 8,800 offices and 145,000 real estate professionals. Coldwell Banker consists of more than 260 companies and 3,000 real estate agents, with “the largest geographic footprint,” they say. RE/MAX offers millions of properties spanning 70 different countries on six continents. Whether you’re looking for overseas or USA property, you will find a base of knowledgeable professionals to help you make the best decision.
At www.commercialsource.com, you’ll see tons of commercial listings on a well-designed, professional looking site. While all 50 states are covered, you’ll find the biggest selection of commercial investment properties in Florida (21,946), Texas (15,109), Washington (14,131), Michigan (10,009), California (9,962) and North Carolina (8,142). You can search for creative real estate investing opportunities, including retail, industrial, hotel/motel, farm/ranch, specialty properties, office space, multi-family apartments, land and mobile home parks. You can also search by year built, price cap and size. Their extensive broker director will connect you with someone who can offer commercial purchasing help.
One of the challenges facing the profitability of commercial listings is the dried-up credit market. Investors are having a hard time accessing loans and financing their debts. This has put many bank foreclosure listings into the market, making it a tough sell in such a dreary climate. Rents have been decreasing and concessions are on the rise just to keep tenants in the buildings. With production down, widespread job cuts and decreased consumer spending, the economy has contracted considerably. However, forecasters believe the economy is beginning to rebound slightly in response to federal and local government initiatives to stimulate growth and get consumers spending again.
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