In A Down Economy - Commercial Property

One of the most important steps in evaluating a property is to visit or call the county assessors office. From our experience, they are usually helpful and friendly. If you are only interested in one or two properties, a phone call is probably fine. If you are really serious about this type of investing, plan on visiting the county assessors office and doing some research. The assessors office will often have a real estate division or a person responsible for real estate. Find out who that person is. Take along your list of properties that you have narrowed down and ask that person to either show you how to look up information by parcel number, or have them look up the properties for you. In many cases, the county assessors database will be online.

You may be able to do much of your research from your own computer. Find out if the property has any improvements (e.g., a building, utilities, landscaping, curbs and gutters, etc.) or is just land. Also find out the assessors appraised value for both the land and any improvements. Note the taxes due and how much you may be required to pay should you take possession. If the property is located in a development, you may need to look up the original developers lot description. Legal descriptions are not street addresses, but you will often be able to find a street address through the county records. For your purposes a street address is the easiest method of finding a property. Ask the assessor how you can obtain a county plat map or plat booklet. You will
need this to do your drive by and locate the property. A street map may also be helpful, and can usually be purchased at a local gas station, drug store, or retail department store such as Wal-Mart.

During the site visit or drive by, take note of
the following items:
Overhead utilities or lack thereof
Underground utilities or lack thereof
Property accessible or landlocked
Adjacent property conditions
Trees, vegetation, landscaping
Soil/subsurface conditions and, clay, shallow bedrock
Presence of disturbed areas or fill material
Dead or stressed vegetation
Discolored soil.

Be sure to drive around the area and note any major industries that might affect the real or perceived value of the property. For example, a nearby landfill, power plant or heavy industrial area could limit the value of the property for residential use. Next, find similar properties for sale and call the owner or real estate agent/broker and find out the cost and details. Ask him/her about the area and any problems. Ask about the schools, crime, nearby parks, malls and grocery stores.

About the Author:
commerical real estate Special offer to help you make it in the commercial real estate world right now.http://www.commercialprofitblueprint.com

Jacquelyn Donner

Article Originally Published On: http://www.articlesnatch.com

Tags: course in real estate

, online real estate course

, real estate course

, real estate courses

Related....

Videos...

Recent UnCategorized Articles

Color In Chinese Culture "...� By: fashionchinese | May 31st 2012 - Color in Chinese culture refers to the various colors that are considered auspicious or inauspicious. The Chinese character for color is (yns). In ancient China, the character more accurately meant color in the face. During the Tang Dynasty, yns ...

learn chinese online

Galvanized Steel Sheets & Pipes: Necessities Of Life By: R. Peterson | May 31st 2012 - Galvanized Steel obtained after the process of some chemical coatings over steel to protect it from rust and other unusual weather threats like corroding. Yes, it is the coating of Zinc Oxide around the steel which makes it better to use and protects from uno ...

steel products

galvanized sheets

galvanized pipes

A New Weatherproof Coal Bunker By: James P Martin | May 31st 2012 - Storage is often one of the most pressing issues on the minds of homeowners.

Ergonomic Computer Chairs To Prevent Spinal Injuries By: Kelly Fox | May 31st 2012 - Ergonomics is the study of how a person sits, stand, position itself, and move around at the same time as performs his daily assignments. It is significant to get information on how to put into force ergonomics while you work, move around, or sit down on a ch ...

How To Determine What Is A Good Website To Learn The Basics Of Forex Trading By: Mary Robins | May 31st 2012 - Foreign exchange is a platform for currency trading. A good website will explain why currencies are traded and how profits are made from these trades. It will also explain the value of currency and what determines one values currency to another. This is not a ...

forex trading strategies

forex trading strategy

forex trading software

forex trading systems

forex trading tips

Choosing The Right Ergonomic Office Chair By: Kelly Fox | May 31st 2012 - Amongst the most significant piece of furniture a home office can boast off is the ergonomic office chair. There is a wide range of office chairs to opt from, reliant on the function for which they are to be used. There are several office chairs just to sit o ...

How To Eliminate Pests By: James P Martin | May 31st 2012 - If you have a pest problem at your home, you may not know how to effectively eliminate pests. However, eradicating pests from your home and yard does not need to be difficult; you just have to know how to control the problem.

Newest Fashion Statement In Home Furniture By: Kelly Fox | May 31st 2012 - You see as soon as it comes to furnishing home with items like coffee tables, lesser is better is the latest trend, as the latest approach in the world of home furnishing is being modest as soon as it comes to home furniture. That denotes you need to confirm ...

Guidelines On Choosing The Right Office Chairs For Your Office By: Kelly Fox | May 31st 2012 - A significant thing to keep in mind earlier than buying a new set of office chair is that, it must be within your desired budget, next it should be from a reputed furniture retailer whether operating from neighboring store or online and thirdly, it should go ...

Buying A Right Ergonomic Office Chair By: Kelly Fox | May 31st 2012 - Furthermore in all probability if any single piece of office furniture that has experienced the most alteration in due course, it simply has to be the ever-present office chairs. With the advent of computers and electronic systems into our work profiles, for ...

Comments

Still can't find what you are looking for? Search for it!

Site Navigation: