Houses for sale by owner are more common than ever. The purchaser agrees to make the decided upon payments for the property over time to the seller, who is required to hand over the physical manifestation of the deed to the property owner or purchaser when the entirety of the land contract has been paid in full.
Once you understand that owners of commercial real estate will tend to present unrealistic numbers in an attempt to get a higher price for their property you’ll understand better why it’s necessary when looking at any commercial property for sale to get to know the market you are investing in. When you know what the rental rates in an area tend to be or what the typical expense ratios are for a twenty-five year old apartment building then it’s much harder for the broker or owner of a commercial property for sale to attempt to pull the wool over your eyes.
Listing agent Ryan PreuettÂ of Jameson Sotheby’s International RealtyÂ said the unit is priced in line with the comparably sized unit one flight up, which went on the market as a resale in late September at $2.6 million and was under contract to a buyer three weeks later.
There is a keen market for both the wrecks and the restored towers: “We always had a consistently high level of demand for peel towers, particularly from people interested in history and in the area,” says John Millar, an estate agent in the Borders for more than 30 years.
The kudos of owning a beach house fuels overseas property markets and drives up prices in many mature investment locations like the Cote d’azur in France, Puerto Banus in Spain and Lake Como in Italy with investors now buying up waterfront real estate in new areas such as Antalya and Bodrum in Turkey.