Real Estate Signs – How Signs Build Your Market Share Faster

When you want to build your territory and your image as a salesperson in commercial real estate, signboards are a critical part of the process. The same fact applies if you are a leasing person wanting to attract tenants and landlords to your services.

Signboards get your name into the market. The more signs you have placed on local properties, the better it is for you. More listings and more commissions are thereby possible. Signboards help the telephone enquiry that comes to you.

Whilst the signboard importance may seem obvious, it is overlooked and not sufficiently respected in many ways. The signboard for sale or for lease on numerous properties, tells people that you are active and generating business. The outcome of getting more signboards on properties for sale or for lease has two immediate benefits. They are:

# Generating enquiry for your database. That will be people or businesses that may want to lease or purchase property in the area.
# Creating an image of you as the agent that controls the activity in the market. More landlords and property owners are likely to be attracted to you and use your services.

Signboards are what you need to build your market share as a real estate agent, and these rules below should be maintained.

1 Prominent position on main roads and highways should be taken where possible.
2 The placement on the property should be good so that it is clearly seen from the road.
3 Consistency in signboard layout and design is essential to build your brand as a real estate person and business.
4 The sign should be well maintained. This means that any damaged signs have to be fixed and replaced at the earliest possible time. Damaged signs send the wrong message about you and your business.
5 Avoid putting your sign on a property that is already featuring many other agent signs. You just become one of a number and the property sends the wrong message to the market. That is usually “no person is interested” as the property is overpriced or over-rented.
6 Choose colours on the signboard that are strong and business related. That will usually be red, white, black, blue, and yellow.
7 Use less words and simple layout on the sign so the message can be read by a passing motorist.
8 Always feature your name on the signboard with a contact telephone number that is available 7 days per week.
9 Put a reference on the signboard to your website and email so the person can go to your website if they so wish and make contact with you.
10 With signs that are specially prepared for a particular property, make sure the sign has a title heading that draws interest, and have simple dot points detailing the features of the property.

Signboards are a cheap and effective way of promoting the property, your real estate business, and your own name as a real estate specialist. With every listing you should be placing a sign on the property where possible. The only exception to this is the off market deal where confidentiality is desired for any special reasons.

Some Tips On Investing In Commercial Real Estate

If there is any good thing that has come out of the recent crisis in the mortgage industry in the U.S., it is that some people who have always had an interest in investing in real estate are now finding that dropping prices are making it possible for them to do that. Today, investing in commercial real estate, whether it’s residential properties to rent or office and industrial buildings, is quickly becoming a hot ticket item with some. Before you just jump in with both feet so to speak, consider the following tips and cautions.

First off, remember that unlike other investments you might make, commercial real estate is probably going to require quite a bit of your time and attention rather than just your investment dollars. If you’re considering taking advantage of the foreclosure crisis by purchasing homes to rent out, this means making sure they’re up to code, making needed repairs and remodels, finding tenants, collecting rent, taking care of ongoing repairs and maintenance, and so on. This is also true of office buildings or other commercial real estate. You need to manage tenants, take care of the property and hire landscapers and cleaners, and so on. Yes, you can hire someone to manage the property for you, but even so, there are many decisions that need to be made, invoices to approve, checks to sign, and wages to be paid. This means that no matter what, your investment in commercial real estate is going to be an investment of your time and energy, not just your money.

Another consideration you need to think about is whether or not your investment in any type of commercial real estate is going to be supported over time. When the economic situation in one area is so bad that there are vacancies in homes and office buildings, this means that there may not be enough populace in that area to support your investment. Sometimes buildings and homes are vacant for a reason! You need to seriously research the area in which you plan on investing; is the population growing or shrinking? What industry is in this area to support the population and your real estate investment? Are businesses coming into the area or leaving it? You need to do this research before you get caught up in the hype and excitement of rock bottom real estate prices.

Search the internet and read about real estate investment in Megapolitan Areas to determine if the area you are interested in has the growth potential you will need for a good return on your long term investment strategy. Perhaps you need information on Section 8 Housing. Again the internet is a great place to find information.

Yes, there have been those who have made a fortune in commercial real estate, but usually those millionaires are the exception to the rule. In reality, whether you’re thinking of purchasing or building new, commercial real estate is unlike any other industry or investment out there. It requires a lot of research, determination, and commitment to make a success of it; be sure you’re ready with all three of these before you invest your money in any venture.

A First Time Buyers Guide To Commercial Real Estate

Commercial real estate differs from residential real estate in that the properties being purchased are either buildings or land. They are intended to earn the purchaser income. This form of real estate is usually divided into four categories; retail, office, industrial, and multifamily. Multi-family falls into not only residential real estate but commercial as well because the owner will be earning a profit from rents paid by tenants.

Retail estate includes the purchase of medical centers, mall, hotels/motels, and shopping centers. Office real estate is the purchase of office buildings, usually multi-unit. Industrial real estate refers to the purchase of warehouses, garages, and land use for industrial purposes. Multifamily refers to buildings that house multiple families, different from single family residences. Apartments, condominiums, and duplexes all fall into this category.

Those new to house search may not know that land for sale is zoned by the city for various purposes. When searching for a commercial property, one of the first things to pay attention is whether or not the listed is zoned for commercial use.

When buying commercial estate for the first time, many purchasers are unsure how a residential and commercial real estate agent differ. For the most part, their jobs are the same. A real estate agent handles the listing and showing of properties and coordinates with all other brokers involved in the transaction.

One of the biggest differences is what is involved when listing a commercial property as opposed to residential. There are many factors that need to be considered when calculating the sale price and also business records that need to be copied for prospective buyers. The value of any machinery and fixtures on the property need to be factored in to the overall cost.

The task of marketing a listing does not vary much between a residential and commercial broker. There are many ways in which a property can be marketed, especially in the age of internet savvy consumers. Virtual tours are quickly becoming a common tool used to promote a brokers listing. While the methods use to market a sale may not be different, the target audience might as the clientele would not be the same as someone who is trying to buy a home.

Closings, also called escrows, are not much different either. All transactions must be handled through an escrow, a third party, and this is traditionally where the closing documents will be signed by all parties. Regardless of the sale type, all real estate transactions must be negotiated through a third party who also handles the monies. The title company is responsible for finalizing the documents and the sale and also for distributing closing costs.

Making a commercial purchase for the first time is a use financial risk and can be daunting. There are questions that all buyers should make sure the ask the broker when interested in a listing. These questions can help make the decision to purchase less stressful and closing run more smoothly. It is important to ask how long the property has been available. Knowing that a property has been on the market for a long time is helpful negotiating tool. Asking if there have been any closing problems can indicate issues with the property passing inspection.

When purchasing any property, it is imperative to ask about it’s condition. A price may seem with a consumers budget, but if a major remodel or investment is needed it may not be worthwhile in the end. As mentioned earlier, asking what the property’s zoning is establishes what the usage for the property can be. Also vital to a purchases knowledge is whether or not the property has any easements. These, too, can restrict usage. Commercial real estate may seem harrowing at first, but as long as a purchaser asks many questions and has a trustworthy broker the payoff can be huge.