Longmont , CO
(720) 600-9513
Longmont , CO
(720) 600-9513

Referrals with Northern Colorado Commercial Real Estate

Tag: Commercial Real Estate Broker

Referrals with Northern Colorado Commercial Real Estate

April 24, 2024

Northern Colorado Commercial Real Estate

The commercial real estate world is complex. To navigate the ins and outs, Northern Colorado Commercial Real Estate is your go-to source for selling, purchasing, or leasing. 

Owner Steve Longenecker has over 30 years of business experience, including almost 20 years in the commercial insurance industry. As a trusted advisor for his commercial clients, he is known for his attention to detail, thorough standard analysis, diligent follow-up, and superior customer service. 

If you are looking to venture into commercial real estate, be sure to partner with an experienced broker to guarantee the success of your investment or transaction. 

Sending Us Referrals

Real estate is an industry highly dependent on referrals. So, how does it work when you send Northern Colorado Commercial Real Estate a referral? To show our appreciation, the referrer will earn a $250 gift card when the referral becomes our client!

Additionally, as industry experts, we have a variety of other experienced professionals we are happy to refer to you in return. For example, if you need a business broker to help sell or buy a company, we have you covered. Are you in need of specialty contractors for your next development project? We have worked with many and would love to pass along our recommendations.

At Northern Colorado Commercial Real Estate, our service extends beyond the transaction. We are eager to be a resource for any real estate-related needs or questions. 

Thank You!

Thank you for trusting us with your business! We are dedicated to serving our clients at the highest level and would love the chance to earn your referrals. 

If we haven’t gotten the opportunity to work with you before or if you have questions about commercial real estate, please contact Steve Longenecker and Northern Colorado Commercial Real Estate at WeBrokerCORealEstate or 720-600-9513.

We give out $250 gift cards for referrals that become our real estate clients.

Like, Share & Follow us on LinkedIn and Facebook.

#longmontcommercialrealestate #commercialrealestatebroker #northerncocommercialrealestate

How to Choose the Right Commercial Real Estate Broker

February 14, 2024

Should You Hire a Commercial Real Estate Broker?

If you haven’t purchased or leased commercial real estate before, you might ask, “Should I hire a broker?”. There are many intricacies to a commercial property transaction, and a broker’s job is to keep your interests protected throughout the process. 

Having someone, who is experienced in real estate contracts and negotiations, working as your fiduciary is worth its weight in gold. So, how do you choose the right agent? Let’s look at a few things you should consider as you decide. 

How to Choose the Right Broker

Look for the following to make sure you choose the right commercial real estate broker:

  • Experience: Experience is not always determined by the length of time someone has been in the industry. Look for a broker who has a solid transaction history and is in touch with current trends and practices. 
  • Market Knowledge: Each real estate market across the country functions differently, even down to the hyper-local level. Knowing that your commercial agent has extensive market knowledge in the areas you are considering is crucial. 
  • Understanding of Zoning: The zoning of a property determines how it may be used and, therefore, has a significant impact on its investment potential. Your commercial real estate broker should be well-versed in zoning laws and their implications to best protect your investment. 
  • Communication: High-level communication is a must. Commercial property transactions are not always straightforward, so you’ll need clear communication and quick response times from your agent. 
  • Client Testimonials: When looking for a great commercial broker, dig into their client testimonials. Nothing sheds more light on a professional’s qualifications than their past customers’ words. 

Northern Colorado Commercial Real Estate

Northern Colorado Commercial Real Estate prides itself on commercial real estate expertise and serving clients at the highest level. Please contact Steve Longenecker at WeBrokerCORealEstate or 720-600-9513 regarding any commercial real estate needs in Longmont, CO, and our neighboring communities.

We give out $250 gift cards for referrals that become our real estate clients.

Like, Share & Follow us on LinkedIn and Facebook.

#longmontcommercialrealestate #commercialrealestatebroker #northerncocommercialrealestate

Tips for Negotiating in Commercial Real Estate

October 26, 2023

Ready, Set, Negotiate

Negotiations are an essential part of every real estate transaction. The buyer is typically hoping for price and terms to favor their needs, while the seller may be pulling in the opposite direction. However, depending on how you navigate negotiations, a real estate transaction can be a win-win for both parties. 

Working with an experienced real estate broker who is well-versed in the best negotiating strategies will make the process painless for everyone involved. 

Tips for Negotiating in Commercial Real Estate

The following tips will help you negotiate a commercial real estate deal successfully. 

Budget Before

It is crucial to know your budget before you enter a conversation with a seller. If you haven’t set up solid parameters for your purchase, the seller may easily sway you as they suggest a specific price or terms. 

Business Mindset

A commercial real estate purchase is often an investment decision based on expected returns. Some people will try to pull at the heartstrings in negotiations, but remember that the numbers don’t lie. Use a business mindset and make your purchase solely on investment potential.

Communicate Well

Real estate transactions require strong communication. You will need to communicate well with your agent, and your agent will need to communicate with the seller and seller’s broker effectively. Communication is vital, especially when writing offers. 

Due Diligence

Much of purchasing commercial real estate revolves around doing your due diligence. You’ll need to analyze the rental history, have the building inspected, and review any documentation the seller has regarding the property. During this step, rely on your real estate agent to help you identify any red flags. 

Be Respectful

Negotiations should never be heated. Be sure to go into the process knowing that the seller is working for their best interest and you are working for yours. Respect must go both ways throughout a real estate transaction.  

Lean on Your Broker

Commercial real estate transactions are complex. Working with a highly qualified real estate broker and leaning on their expertise will help the process go as smoothly as possible. 

Please contact Steve Longenecker at WeBrokerCORealEstate or 720-600-9513 regarding any commercial real estate needs in Longmont, CO, and our neighboring communities.

We give out $250 gift cards for referrals that become our real estate clients.

Like, Share & Follow us on LinkedIn and Facebook.

#longmontcommercialrealestate #commercialrealestatebroker #northerncoloradocommercialrealestate

Understanding Owner Financing in Commercial Real Estate

July 11, 2023

In commercial real estate, buyers often select a type of financing offered by a commercial lender. There are a variety of traditional loan options, each with their own pros and cons. If looking for an alternative, however, buyers can consider using owner financing, also known as seller financing, to purchase commercial real estate. 

How Does Owner Financing Work?

With a traditional loan, a lender agrees to give a buyer a specified amount of money (based on their income and assets) to secure ownership of a property. The borrower then pays the lender directly according to their loan terms.

Owner financing, on the other hand, allows a seller to finance a property for a prospective buyer. Rather than going through a third party, the buyer and seller agree on an interest rate and payment schedule, and the buyer pays the seller directly. 

Pros & Cons of Owner Financing

As a buyer, there are several pros and cons to consider when using owner financing. 

Pros

  • A buyer is not required to qualify for a specific loan product offered by a commercial lender.
  • The buyer and seller can directly negotiate the loan’s interest rate, payment, and length.
  • The lack of commercial lender fees reduces the total closing costs. 
  • Not using a third party for financing allows for a faster closing. 

Cons

  • Not all sellers will offer owner financing.
  • The loan terms can be written in the seller’s favor (higher interest rate, larger monthly payment, etc.) because they are taking on more risk by carrying the loan.
  • The seller can dig into the buyer’s finances, including income, debt, and credit. 

An experienced real estate professional will help you determine the best type of financing for your situation. Please contact Steve Longenecker at WeBrokerCORealEstate or 720-600-9513 regarding any commercial real estate needs in Longmont, CO, and our neighboring communities.

We give out $250 gift cards for referrals that become our real estate clients.

Like, Share & Follow us on LinkedIn and Facebook.

#longmontcommercialrealestate #commercialrealestatebroker #northerncoloradocommercialrealestate

6 Benefits of Hiring a Commercial Real Estate Broker

June 20, 2023

The world of real estate can feel like the Wild West. There are many different ways to navigate the buying, selling, and leasing process, and some try to do it all on their own.

In commercial real estate, it is common for businesses and individuals to go unrepresented when looking to purchase or lease. Some consumers simply don’t understand the advantages of partnering with a commercial real estate broker. 

Working With a Commercial Real Estate Broker

Let’s dive into a few reasons why working with a commercial real estate broker is the right decision. 

  • Time: Allow your commercial real estate agent to do the heavy lifting! They will search for properties, set up showings, and prepare contracts on your behalf to save you time. 
  • Money: Hiring a broker does not always mean money directly out of your pocket. Often commissions are paid based on the lease amount or purchase price and are normally paid by the seller or leasing landlord. 
  • Negotiations: Negotiating a real estate transaction is a skill. Your agent knows the tactics to secure the best terms possible and save you money. 
  • Legal: Commercial real estate contracts are complicated and have legal consequences. Having an experienced professional to explain the nuances is key. 
  • Data: Your real estate agent has access to many search engines and market stats you will need to make a well-informed decision. 
  • Knowledge: A broker’s general knowledge of the industry, your local market, and real estate contracts will ensure you stay on the right path. 

Hiring a Professional You Trust

Hiring a professional that you trust, who will work in your best interest throughout the transaction, will make the process seamless. Please contact Steve Longenecker at WeBrokerCORealEstate or 720-600-9513 regarding any commercial real estate needs in Longmont, CO, and our neighboring communities.

We give out $250 gift cards for referrals that become our real estate clients.

Like, Share & Follow us on LinkedIn and Facebook.

#longmontcommercialrealestate #commercialrealestatebroker #northerncoloradocommercialrealestate

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